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2022-03-31-accounts

Charity number: 1111263

Company number: 05372378

(England and Wales)

Bernard Leach (St Ives) Trust Limited

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2022

Bernard Leach (St Ives) Trust Limited Contents Page For the year ended 31 March 2022

Report of the Trustees 1 to 12
Independent Examiner's Report to the Trustees 13
Statement of Financial Activities 14
Statement of Financial Position 15
Cashflow Statement 16
Notes to the Financial Statements 17to 25

BERNARD LEACH (ST IVES) TRUST LTD

ANNUAL REPORT

1[st] April 2021 to 31[st] March 2022

CHARITABLE OBJECTIVES AND ACTIVITIES

1 Our Vision

Our vision is that potters at all levels will engage with the Leach Pottery as part of a thriving UK community.

Through working with clay, the Leach Pottery will bring enjoyment, inspiration, new skills and increased well‐being to peoples’ lives.

The Leach Pottery, with its significant historical importance and contemporary activities, will be nationally and internationally recognised as the home of Studio Pottery.

Everything we do will bring clay and the story of the Leach Pottery to life.

Our Mission

The Leach Pottery advances pottery as an art form using craft and skills to bring beauty, enjoyment and well‐being to life. We do this through inspiring, making, training and teaching, engaging people, and promoting the Leach legacy.

Our Values

Our Aims

Always supporting diversity and talent development to facilitate:

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  1. Being creative with clay: inspire people of all ages and backgrounds to get involved in pottery, highlighting the well‐being benefits

  2. Developing talent: provide training and opportunities to experience clay at all levels through throwing, hand‐building, and production pottery

  3. Developing national & international links: through exchange, dialogue and friendship

  4. Valuing the handmade: building connections between makers and users

  5. Helping the studio pottery community thrive: creating dialogue, pushing boundaries, highlighting tradition and programming exhibitions.

GRANT MAKING POLICY

The Charity was able to fundraise £3,460 in 2017 towards a travel grant for potters in Cornwall. 3 awards were made in 2019 of £2,000 in total. Another round was due to open in 2020, however due to Covid‐19 this is postponed until 2023.

VOLUNTEERS

The charity has a team of 7 volunteers who help with the museum, studio, gardening, education and front of house duties. They provide vital support to the pottery and we are hugely grateful for their time and commitment.

ACHIEVEMENTS AND PERFORMANCE

The Bernard Leach (St Ives) Trust Limited was 15 years old in 2022 as a museum and the Leach Pottery itself became 102 years old. From an embryonic charity the Trust has developed into a successful and unique place to participate in pottery. There have already been many successes; from growing the production studio, international residencies, to a community participation event for St Ives residents.

Reach

Content

2

Learning & Participation

2021‐2022 has marked many changes in the Leach Pottery Learning & Participation programme, from staff re‐structuring to responding to ambitious plans to develop the programme and buildings. Most significantly, the efforts to recover the programme, which was greatly impacted by the pandemic, have begun, programming sensitively to our new ways of living while staying true to the founding principles of the Leach Pottery. Work is underway to align how the ethos and story of the Leach Pottery is communicated across all threads of the programme and always learning through making.

In 2022‐2023 the Learning & Participation team look forward to adopting a more cohesive approach to programming, with the Learning Programme reflecting the wider programming themes across the exhibitions programme and national days and seasons which complement the stories of Leach Pottery.

Arts Council investment objectives will take on a more prominent role in creative programming, with Environmental Sustainably and Inclusion through making being key themes across programming. The team will establish a greater flexibility and confidence with digital programming as the need to increase dexterity of distanced learning continues to be important.

Schools 2021‐22

“Children and students learn far more by re‐experiencing, as far as possible, the evolution of the potter’s craft from its primitive origins.”

Bernard Leach on the importance of pottery education in schools.

The Leach Pottery Schools programme is based on Bernard Leach’s beliefs that the most impactful and meaningful way to teach children about pottery is to engage them with the natural roots of pottery. He writes, “ They enjoy finding and digging their own clay, building their own kilns and making their own colours and glazes potters used to do before the machine age. ”

In 2021‐22…

Schools Visits

The schools visits programme has been reconsidered to offer activities which closely align to the ideals of pottery education detailed by Bernard Leach and the museum collection. The links to the wider curriculum are taken from the Leach Pottery collection.

It is promising to see an increase in school bookings for the coming financial year. It is of note that there is currently a greater number of Public schools contacting us than local Cornish state schools. We hope to address this through targeted invitations.

Workshops have taken place both at Leach Pottery and offsite. With Cape Cornwall School we have supported the delivery of their Arts Award to 30 pupils.

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Exchange & Partnerships

The College plan to develop their ceramics department conversations are underway to plan how the Leach Pottery can support this.

Schools Challenge

Participating Schools from the Leach 100 Schools Challenge have exhibited their work in the Clay & Community Exhibition in the Cube Gallery at the Leach Pottery. For full report on the Leach 100 associated projects (Clay School, School Challenge) please read the Leach 100 report.

Families 21‐22

The first bookable workshops on the family programme since the pandemic took place in December 2021. The winter clay workshops received modest bookings but proved to the learning team that the workshop format was possible.

The February Half Term workshops took inspiration from the Mugs exhibition in the entrance gallery of the Leach Pottery and participants made hand built mugs. Workshops were fully booked for both ages groups offered, 7 – 11 and 12 – 18. We note that there is a balance of local participants and holiday makers. In the coming year we hope to make booking more accessible for local participants and will consider programming workshops for those with Cornish postcodes in addition to workshops which are open to holiday makers.

In the coming year we look forward to establishing a reputation amongst local (TR26 and TR27 postcodes) families, offering creative workshops during each school holiday. We will continue to pilot different formats and approaches (and implementing details suggested in the Audience Consultation Project) to these workshops to continue learning what best suits our local audiences.

4

Community 2021‐22

Quarter 4 of 2021 saw community workshops return to the Leach Pottery for the first time since the pandemic began. The programme serves many at risk members in our community and local residents and therefore, where possible, workshops were programmed in outside covered spaces. Workshop content has focused on the following:

For many participants the workshops have been about regaining confidence in public spaces since social distancing. We have observed that the museum space facilitates this well with many feeling more relaxed in those historic spaces than the learning space.

Tea and coffee play an important role in the welcoming of groups into our spaces. The ease and safety of such elements has been a challenge (consumption of liquids in the workshops is prohibited and during the winter months outside is too cold.)

Community Group Engagement
Kernow Young Carers Recurring Visits: Museum Tour and creative
workshops
Pupil Referral Units & The St Ives School of
Painting		 One off Engagements; Museum Tour and
creative workshop for Arts Award
St Ives Community Orchard Recurring Visits: Intergenerational creative
workshops
Wednesday Wanderers, the Sensory Trust Recurring Visits: Museum Tour and creative
workshops
St John’s in the field: Parents & babies One off: Offsite creative workshop
Redruth DayCentre One off: Offsite creative workshop

In the coming year the programme hopes to hone the partnerships created, working with hyper local organisations, especially in areas of deprivation.

Adults

The pandemic encouraged the learning team to reconsider our capacity in the Beagle Cross facilities. The Adult programme, with its ability to be income generating was expanded so two workshops could can run simultaneously, both offering safer socially distanced environments for our participants and staff but also increasing the potential for income generation. With courses becoming full within days of being released for booking, there is a clear desire from the public for such opportunities.

While refining the basic offer of 3 and 5 Day Throwing workshops has been a focus of the year, lesson plans have been established, booking processes have been stream‐lined and procedures have be reworked. In response to the Audience Consultation Project, the Leach Pottery’s Adult Learning programme is being expanded, with slip ware workshops, porcelain workshops, digital mentoring, raku workshops being written in partnership with makers and reintroducing workshops such as throwing tasters, glazing courses and evening classes.

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L&P Figures

P Figures
PROGRAMME Participations 21‐22 Participants 21‐22 Dwell Time 21‐22
Adults
ThrowingCourse 690 198 54060
Specialist Courses 95 19 9000
AIR Engagements 537 537 290
Talks & Lectures 369 369 150
1691 1123 63500
Schools
School Workshops 301 369 1320
Teacher CPD 0 0 0
301 369 1320
Families
FamilyWorkshops 63 63 706
63 63 706
Communities
One off Workshops 149 113 1320
Raku Parties 164 187
313 300 1320
2368 1855 66846

Leach 100 Project

The Leach100 project was a celebration of clay and the legacy of Bernard Leach. It was a multi layered collaborative program of community outreach, exhibitions, artistic commissions and conferences.

The aims of the project were to reinforce the Leach Pottery’s reputation as living heritage asset, our status as a central voice in the world of ceramics as well as encouraging communities locally and nationally to engage with clay. These intentions were deployed in three strands of activities ‘Take Part!’, ‘Talent Development’ and ‘Inspired Thinking’.

Leach100 partners were chosen based on their ability, and interest, to work with us towards the aims of the project on local, national and international levels. We chose partners with shared interests from the areas of academia, craft, art, ceramics, education and community work.

Over 20 Leach100 exhibitions took place, locally, national and internationally with an estimated footfall of 70,000*, our ‘National Raku’ party took place at 21 sites across the UK, we engaged with 100 children locally with ‘Clay School’ and nationally with 160 participants in the ‘Schools Design Challenge’, we created a collaborative online ‘People and Pottery’ exhibition that has had 83,000 views. We held a digital conference with the Center for Ceramic Art, with over 500 attendees. We commissioned four public works of art for the town of St Ives, and invited 5 artists to take part in residences at the pottery and in studios across Penwith.

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Annual visitors to the Leach pottery are 17,000, through the Leach100 program we were able to reach 150,000* this success and reach would have been impossible without collaborative working with our partners.

*(low estimate we are waiting for exact final numbers from partners and some exhibitions are ongoing)

The impacts were multiple, the Leach100 celebrations reinforced the reputation and legacy of the Leach Pottery and safeguarded our place within the ceramics and craft sectors. We were able share the history and work of the pottery with as many people in one year as we would have reached in nine years of footfall at the pottery.

We have built new, and strengthened existing relationships, with community groups, galleries, museums, schools, festivals, art and crafts bodies that will sustain and expand our work in the years to come. The collaboration expanded our reach to national and international audiences – we went to our audience, rather than our audience having to come to St Ives.

There was also an impact in the commercial side of the pottery, the funds from which support our charitable works, limited edition centenary ranges of tableware were created, and Leach pottery courses have also benefited from our increased profile which resulted in 90% 2022 our dates sold in a seven day period when they were released this autumn. The Leach100 celebrations have helped us in working towards our long term aim of financial self‐sufficiency.

The Leach100 project was bigger than anything we have done before. It pushed our team in both imaginative programing and capacity. The result is that we know that we can think bigger, that the Leach legacy is rooted at the pottery in St Ives but its branches stretch far beyond Cornwall and we can capitalize on this in our future work.

The Covid pandemic changed the time line of the Leach100 celebrations, and adaptions to the program. The benefit was that we went digital and it resulted in us engaging with more people. Our People and Pottery exhibition switched to video, our CoCA conference went online and we gave a video tour of our John Leach exhibition. We will continue working digitally as we move forward.

Collaboration was a core structure around which Leach100 celebrations were built. The success of this approach means that we will continue to seek beneficial partnerships and work collaboratively in the future. This will help us towards our new aims of increasing income to the area through jobs and visitors, to share clay in a more accessible wider reaching way and to continue working to protect the legacy of the Leach Pottery as a living heritage asset for the town of St Ives.

Main Partners:

Centre for Ceramic Art (CoCA), British Ceramics Biennial, Crafts Council, Mashiko Residency Centre & Museum of Ceramics, Japanese Embassy, Crafts Study Center, St Ives School of painting, Sensory Trust, Carefree Cornwall, Porthmeor Studios, Tate St Ives.

Exhibitions

Leach Pottery commission artists at the British Ceramics Biennial (11 September – 17 October 2021). A show of works by our Leach100 Commission Artists included as part of the prestigious

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biennial. Works by: Steven Claydon; Aaron Angell; Amy Hughes; Rosanna Martin & David Patton (joint‐entry).

Century Of Connections Exhibition (Part 2): 15 July 2021 ‐ 3 October 2021

Clay & Community : 30 October 2021 ‐ May 2 2022

“…an exciting exhibition of pots made by our communities, both near and far, inspired by Leach, and made possible by our Leach100 Take Part! Centennial celebrations.” John Leach: 65 Years A Potter: 17 July ‐ 26 September 2021 Sadly, John passed away during the period of the exhibition

100 Years of Leach & Hamada Influence : 30 November 2021 ‐ 29 January 2022, A selling exhibition toured from Clay College in Stoke‐on‐Trent

Hyosun Kim Residency Installation in Museum: 13 November ‐ 30 December 2021 Mugs: What's Your Cup of Tea? : 1 February ‐ 23 April 2022 “…an eclectic selection of mugs made by potters from across the UK. The Leach Pottery’s opening exhibition of 2022 shows how incredibly diverse and delightful the ‘humble’ mug can be

Residencies: 2021‐22

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FINANCIAL REVIEW

Fundraising performance

The Trust has raised £226,408 during the reporting period from various funding sources (Donations & Grants).

Reserves policy

The Trustees aim is to create and maintain sufficient unrestricted reserves to ensure the charity’s long term viability and to support continuing growth in its activities including the maintenance of the buildings under the 100 year lease from Cornwall Council.

We have achieved our goal of a general reserve fund of £100,000 to cover four months of overheads.

Total reserves as at 31 March 2022 stood at £947,450 of which £574,588 were unrestricted fund and £372,862 were restricted funds. The majority of the Trust’s reserves are represented by fixed assets.

Investment policy

The Trustees consider the day to day cash flow requirements of the Charity are such that surplus funds need to be held on a short, rather than a long term basis. Cash funds are monitored on a regular basis and where possible are invested on short term deposit.

OBJECTIVES 2021‐2026

  1. Being creative with clay : Inspiring people of all ages and backgrounds to get involved in pottery and highlight the wellbeing benefits

  2. To create relevant, accessible and creative programmes and exhibitions to involve a wide range of audiences. TARGET: Increasing participation onsite from 16,637 in 2018‐19 to 22,000 in 2025‐26

  3. To focus on providing the people of St Ives with a community asset they love and feel is relevant and valuable (whilst still offering a unique place of pilgrimage for some)

    • TARGET: Increasing local engagement from 5% to 15% by the end of 2026

  4. To develop relevant interpretation for the Museum to explain the context, significance and importance of the Leach Pottery in the UK and internationally for a range of different audiences by 2026

    • TARGET: Increase in visitor survey feedback about interpretation increasing positive feedback by 10%

  5. To showcase the wellbeing benefits of working in clay 

     - To work with **partners** to develop local community based programmes that support wellbeing through clay

    • To use these local examples to advocate the benefits on a national scale

    • TARGET: At least 3 presentations of our work on being creative with clay at a

    • national level

  6. Developing talent at all levels : provide training and opportunities to experience clay through throwing, handbuilding and Studio production

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Underpinning these are the following overarching aims:

2 programme that includes throwing courses, evening classes, handbuilding,

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OUR PRIORITIES 2021‐2026

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Bernard Leach (St Ives) Trust is a charity established as a company limited by guarantee. It is governed by the Memorandum and Articles of association dated 7 February 2005 and is a registered charity with the Charity Commission. If the charity is dissolved the members agree to contribute an amount not exceeding £5 to the assets of the charity. There were 10 members at 31 March 2022.

The charity registration number is 1111263. The company registration number is 5372378.

RECRUITMENT AND INDUCTION OF TRUSTEES

Trustees retire by rotation after 3 years in post. They are eligible for re‐election thereafter. 6 new Trustees were been appointed in 2021. 2 resigned for personal reasons in 2021 and 2 resigned after 6 years (x2 cycles) in 2022.

PUBLIC BENEFIT

The charity exists for the promotion of the work of Bernard Leach and the Leach Pottery to a wide public audience and as a training and education facility. It meets these objectives by protecting and preserving the historic buildings at the Leach Pottery along with a museum and gallery that are accessible to all members of the public. It also has studios and research facilities which are available to students, amateurs and professionals in the furtherance of their education and career. The role of the Leach Pottery as a museum of studio pottery and as an education facility for the study and appreciation of studio pottery supports the principle of public benefit.

ORGANISATION

Executive functions were carried out by staff member Libby Buckley as the charity’s Director, supported by a Management Team. The role of Honorary Lead Potter is an advisory position held by John Bedding.

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TRUSTEES

Christopher Balch appointed 24 June 2021 Julia Defabo appointed 24 June 2021 Zara Devereux Rhiannon Ewing‐James appointed 24 June 2021 Susan Pope appointed 24 June 2021 Erica Steer Sheila Stuart appointed 24 June 2021 Jane Sutherland Vidya Thirunarayan Gary Topp Bryony Robins resigned 9 December 2021 Kathryn Treggiden resigned 24 June 2021

RISK MANAGEMENT

The Trustees have identified and assessed major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate the Charity’s exposure. These are reviewed at each board meeting. The Charity register is updated by management regularly, and amendments are submitted to the Trustees for approval. This is also monitored by the Finance, Audit and Risk subcommittee.

RELATED PARTY

The Charity has a wholly owned subsidiary, Bernard Leach Enterprises Limited. The Company was incorporated on 13 October 2006 and commenced trading in March 2008. From March 2011 the company was dormant but was reinstated in April 2014 to deal with commercial studio production activities and wholesaling of pottery.

This report has been approved on behalf of the Trustees by:

Gary Topp

Date: 12 December 2022

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Bernard Leach (St Ives) Trust Limited Independent Examiners Report to the Trustees For the year ended 31 March 2022

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew M Wells FMAAT Counterculture Partnership LLP 99 Western Road

Lewes East Sussex BN7 1RS

12 December 2022

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Bernard Leach (St Ives) Trust Limited

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022

Notes Unrestricted Restricted 2022 2021
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 104,145 122,263 226,408 381,776
Charitable activities 3 136,868 - 136,868 60,265
Other trading activites 4 392,342 - 392,342 281,871
Investments 5 1,588 - 1,588 14
Total 634,943 122,263 757,206 723,926
Expenditure on:
Raising funds 6 (298,003) - (298,003) (228,640)
Charitable activities 7/8 (301,183) (124,549) (425,732) (368,880)
Total (599,186) (124,549) (723,735) (597,520)
Net income/expenditure 35,757 (2,286) 33,471 126,406
Reconciliation of funds
Total funds brought forward 538,831 375,148 913,979 787,573
Total funds carried forward 574,588 372,862 947,450 913,979

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05372378

Registered Number :

Bernard Leach (St Ives) Trust Limited Statement of Financial Position As at 31 March 2022

Notes
Fixed assets
Tangible assets
14
Heritage assets
15
Investments
16
Current assets
Stocks
17
18
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
19
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
20
Unrestricted income funds
20
Total funds		 £
2022
302,780
55,000
1
357,781
13,729
279,907
301,771
595,407
(5,738)
589,669
947,450
947,450
372,862
574,588
947,450		 £
2021
308,106
55,000
1
363,107
11,670
108,678
448,654
569,002
(18,129)
550,873
913,980
913,980
375,148
538,831
913,979

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mr Gary John Topp Trustee

12 December 2022

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Bernard Leach (St Ives) Trust Limited

Cashflow Statement For the year ended 31 March 2022

Cash flow from operating activities
Cash generated from operations
Dividends, interest and rent from investments
Purchase of tangible assets
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Cash generated from operations
Net movement in funds
Adjustments for:
Depreciation and amortisation of fixed assets
Dividends, interest and rent from investments
Movement in working capital
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(Decrease) in creditors
Cash generated from operations		 (148,471)
1,588
-
1,588
(146,883)
448,654
301,771
33,471
5,326
(1,588)
(2,059)
(171,229)
(12,392)
(148,471)
2021		 106,364
14
-
14
106,378
342,276
448,654
126,406
4,174
(14)
6,045
(17,884)
(12,363)
106,364
2021

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements For the year ended 31 March 2022

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Bernard Leach (St Ives) Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The financial statements are prepared,on a going concern basis, under the historical cost convention.

Funds

Restricted funds are to be used for specific purposes as laid down by the donor. Unrestricted funds are donations and other incoming resources received or generated for charitable purposes. Designated funds are restricted funds earmarked by the trustees for particular purposes.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

Heritage assets

Donations of heritage assets are recognised as income at the point of receipt as a benefit in kind and included in thebalance sheets based on the estimated realisable value assuming potential sale.

Heritage assets are not depreciated due to the nature of assets but are subject to periodic professional valuation.

Longterm leases

Donated assets given for use by the charity (eg property for its own occupation) should be recognised as incoming resources and within the relevant fixed asset category of the balance sheet when receivable and depreciated year on year over the life of the lease.

2. Income from donations and legacies

Donations received
Grants received		 2021
2022
Restricted
funds
Unrestricted
funds
£
£
£
£
53,901
50,560
-
50,560
327,875
175,848
122,263
53,585
381,776
226,408
122,263
104,145

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued For the year ended 31 March 2022

Analysis of grants received

Arts Council England NPO
Arts Council England other
Clore Duffield
Cornwall Council
Cornwall Museums Partners
Creative Skills
Job Retention Scheme
Michael Kilby
National Lottery Heritage Fund
Sylyia Waddilove
York Museums Trust
3. Income from charitable activities
Unrestricted funds
Education, training and
maintaining museum
Entrance fees
Beagle Cross income
Education programme
Management fees
4. Income earned from other activities
Unrestricted funds
Trust trading		 2022
£
40,736
116,000
-
4,387
1,000
1,000
8,462
2,000
263
2,000
-
175,848
2022
£
20,895
1,047
96,926
18,000
136,868
136,868
2022
£
392,342
392,342		 2021
£
40,736
168,581
4,000
14,387
-
-
90,360
-
9,511
-
300
327,875
2021
£
4,219
12,785
28,261
15,000
60,265
60,265
2021
£
281,871
281,871

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued For the year ended 31 March 2022

5. Investment income

Unrestricted funds
Bank interest receivable
xpenditure on other trading activities
Unrestricted funds
Shop costs
osts of charitable activities by fund type
Education, training and
maintaining museum
Support costs
osts of charitable activities by activity type
Support costs
Education, training and
maintaining museum		 Unrestricted
funds
£
121,724
179,459
301,183
Activities
undertaken
directly
£
240,940		 Restricted
funds
£
119,216
5,333
124,549
Support
costs
£
184,792		 2022
£
1,588
1,588
2022
£
298,003
298,003
2022
£
240,940
184,792
425,732
2022
£
425,732		 2021
£
14
14
2021
£
228,640
228,640
2021
£
205,739
163,141
368,880
2021
£
368,880

6. Expenditure on other trading activities

7. Costs of charitable activities by fund type

8. Costs of charitable activities by activity type

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued For the year ended 31 March 2022

9. Analysis of support costs

Education, training and maintaining museum
Staff costs
Premises costs
Finance costs
Office costs
Professional costs
Governance costs		 2022
£
84,804
75,315
694
20,568
1,012
2,401
184,794		 2021
£
80,104
43,672
318
21,601
15,948
1,500
163,143

10. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2022 2021
£ £
Depreciation of owned fixed assets 5,326 4,173
Accountancy fees 2,401 1,500
Staff pension contributions 4,596 -

11. Staff costs

Total staff costs for the year ended 31 March 2022 were:

Total staff costs for the year ended 31 March 2022 were:
2022 2021
£ £
Salaries and wages 244,623 261,340
Social security costs 14,233 12,243
Pension costs 4,596 -
263,453 273,583
2022 2021
Staff 14 16
14 16

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued For the year ended 31 March 2022

13. Comparative for the Statement of Financial Activities

Unrestricted Restricted 2021
funds funds
£ £ £
Income and endowments from:
Donations and legacies 371,966 9,810 381,776
Charitable activities 60,265 - 60,265
Other trading activites 281,871 - 281,871
Investments 14 - 14
Total 714,116 9,810 723,926
Expenditure on:
Raising funds (228,640) - (228,640)
Charitable activities (236,025) (132,855) (368,880)
Total (464,665) (132,855) (597,520)
Net income/expenditure 249,451 (123,045) 126,406
Reconciliation of funds
Total funds brought forward 289,380 498,193 787,573
Total funds carried forward 538,831 375,148 913,979

14. Tangible fixed assets

Land and Plant and Motor Fixtures and Computer
Cost or valuation Buildings Machinery Vehicles Fittings Equipment Total
£ £ £ £ £ £
At 01 April 2021 330,000 7,381 19,076 19,741 5,218 381,416
At 31 March 2022 330,000 7,381 19,076 19,741 5,218 381,416
Depreciation
At 01 April 2021 23,887 7,381 19,076 17,870 5,096 73,310
Charge for year 3,333 - - 1,871 122 5,326
At 31 March 2022 27,220 7,381 19,076 19,741 5,218 78,636
Net book values
At 31 March 2022 302,780 - - - - 302,780
At 31 March 2021 306,113 - - 1,871 122 308,106

15. Heritage assets

Balance at 01 April 2021 Balance at 31 March 2022

Heritage asset £ 55,000 55,000

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued For the year ended 31 March 2022

Investments

16. Analysis of investments between funds as at year ended 31 March 2022

16. Analysis of investments between funds as at year ended 31 March 2022
Unrestricted funds
Investments in subsidiaries and
related undertakings
17. Stocks and work in progress
Stocks of raw materials
18. Debtors
Amounts due within one year:
Trade debtors
Amounts due by group and associated undertakings
Prepayments and accrued income
Other debtors
Other debtors
19. Creditors: amounts falling due within one year
Trade creditors
Other creditors
PAYE & social security
VAT
Accruals and deferred income		 2022
£
1
1
2022
£
13,729
13,729
2022
£
2,097
116,079
151,957
9,774
279,907
2022
£
14,297
4,676
(19,728)
6,493
5,738		 2021
£
1
1
2021
£
11,670
11,670
2021
£
-
93,334
-
15,344
108,678
2021
£
6,639
5,240
53
6,197
18,129

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued

For the year ended 31 March 2022

20. Movement in funds

Unrestricted Funds

Balance at Incoming Outgoing Balance at
01/04/2021 resources resources 31/03/2022
£ £ £ £
General
General Unrestricted 538,831 634,943 (599,186) 574,588
538,831 634,943 (599,186) 574,588
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/04/2020 resources resources 31/03/2021
£ £ £ £
General
General Unrestricted 289,380 714,116 (464,665) 538,831
289,380 714,116 (464,665) 538,831

Purpose of unrestricted Funds

General Designated

Designated funds are restricted funds earmarked by the trustees for particular purposes.

General Unrestricted

General unrestricted funds are for the furtherance of the charity's objectives.

Restricted Funds

Balance at Incoming Outgoing Balance at
01/04/2021 resources resources 31/03/2022
£ £ £ £
Capital development - 2,000 - 2,000
fund
General Restricted 306,113 2,000 (5,333) 302,780
HLF Resiliance - 263 (263) -
Leach 100 69,035 118,000 (118,953) 68,082
375,148 122,263 (124,549) 372,862

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued For the year ended 31 March 2022

Restricted Funds - Previous year

Balance at Incoming Outgoing Balance at
01/04/2020 resources resources 31/03/2021
£ £ £ £
General Restricted 309,446 - (3,333) 306,113
HLF Resiliance 2,040 9,511 (11,551) -
Leach 100 186,707 299 (117,971) 69,035
498,193 9,810 (132,855) 375,148

Purpose of restricted funds

General Restricted

Restricted funds are to be used for specific purposes as laid down by the donor.

HLF Resiliance

Preparing the Leach Pottery for the next 100 years'

This project focuses on moving us from an organisation that is just 'getting by' focusing on balancing our books and managing existing activity, to an organisation, fit to do justice to our upcoming centenary celebration in 2020, changing to a model based on an audience focused activity planning and to set ourselves up for an ambitious long-term resilient future.

We have identified 2 key areas for investment; Audience Development and Business Development that require external professional expertise and additional capacity that will enable us to achieve our objectives. They are linked and focus on audience development, income generation, training and building long term resilience.

Leach 100

Leach 100: Celebrating A Centenary Of Inspiration & Exchange

In 2020 the Leach Pottery celebrates 100 years.

Leach 100 promises to be a year of celebrations, providing new and exciting opportunities to get involved with clay and creativity across the country. The programme has been conceived as a number of interconnecting strands which will: develop the talent of emerging and established artist potters; inspire thinking and debate around ceramics today and show new work and aspects of the Leach legacy in exhibitions around the country. At the absolute heart of the year's activities is Take Part! a programme of activities, delivered with a range of partners, offering thousands of free opportunities for a national audience of all ages to create with and benefit from clay.

Leach 100 is funded by Arts Council England, Cornwall Council, GB Sasakawa, Garfield Weston Foundation, trusts and foundations.

Capital development fund

The purpose of thsi fund is to develop the site into a key community asset.

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Bernard Leach (St Ives) Trust Limited Notes to the Financial Statements Continued For the year ended 31 March 2022

21. Analysis of net assets between funds

Tangible Investments Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £ £
Unrestricted funds
General
General Unrestricted 55,000 1 509,813 564,814
Restricted funds
Capital development fund - - 2,000 2,000
General Restricted 302,780 - - 302,780
HLF Resiliance - - 9,774 9,774
Leach 100 - - 68,082 68,082
357,780 1 589,669 947,450
Previous year
Tangible Investments Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £ £
Unrestricted funds
General
General Unrestricted 56,993 1 472,326 529,320
Restricted funds
General Restricted 306,113 - - 306,113
HLF Resiliance - - 9,512 9,512
Leach 100 - - 69,035 69,035
363,106 1 550,873 913,980

22. Company limited by guarantee

Bernard Leach (St Ives) Trust Limited is a company limited by guarantee and accordingly does not have a share capital.

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