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Leach Pottery St Ives The Leach Pot Annual Report 2 er 3124 Made up of Bernareach (St ves) Trust Limited and Bernard Leach Enterprises Limited
LEACH portERY ANNUAL REPORT 202314 About Us Founded in 1920 by Bernard Leach and Shoji Hamada, the Leach Pottery, St Ives, is among the most respected and influential potteries in the world. The Leach Pottery is considered by many to be the birthplace of Brrtish studio pottery. One of the great figures of 20th century art, Bernard Leach played a crucial pioneering role in creating an identity for artist potters across the woi"Id. Over the last hundred years, the pottery has forged the shape of Studio Pottery in the UK and beyond. Scores of potters, students and apprentices from across the world have come to the Leach Pottery to train, creating a uniquely international environment in the heart of Cornwall and maintsining the Pottery's creative principle of Eastlwest exchange. Today, the Leach Pottery Studio, Museurn and Gallery continue developing Bernard Leach's historic legacy. The Leach Pottery is managed by the Bernard Leach (St Ives) Trust Ltd, a registered charity founded in 2005 reg. no I 111263 and subsidiary trading company Bernard Leach Enterprises Limiied: 05965856. The primary objectives of the trust are to further the development of gtudio pottery, provide training in the art, craft and making of pottery and to advance the public education of the life and work of Bernard Leach and his circle. In 2023 work began on our exciting Capital Project which will see the srte redeveloped, The pottery has received funding from the Town Deal programme, National Lottery Herrtage Fund and the Arts Council for the two-year transfonmation. A team has been appointed to oversee the project which will protect the Leach Pottery for the nexl 100 years. Public Benefit The trustees confirm that they have complied with the requirements of section 4 of the Charrties Act 201 I to have due regard to the public benefrt guidance published by the Charty Commission for England and Wales.
LEACH porrERY ANNUAL REPORT 202314 From the Chair of the Trustees The Leach Pottery is a very special place. It is the birthplace of studio potteiy in the UK, a continuous source of inspiration and aspiration for many generations of artists alongside being a touchstone for the values of craft, the handmade and their intersections with the ethics and ideas of community and care. Its location in St. Ives, Cornwall, blends geography, tradition, industry and the arts in a powerful and important way, Therefore, as Chair of Trustees, it is with great pleasui"e that l introduce the annual report 2023-24, which demonstrates the huge impact which our proposed capital development will have on our organisation's ability and capacity to deliver its vision of being an even more special place of creativity, connectedness and wellbeing committed to bi'inging clay to life, celebi"ating its rich hig(ory and supporting a vibrant future for g(udio cei'amics. This annual report represents a culmination of several years of project development, diligent research, thoughtful analysis, and collaboratwe efforts from our dedicated staff team, external experts and consultants. This I"eport fully encapsulates our rtrategic objectives, operational activfcy. and financial summary. providing a comprehensive OveieW that will help guide our actions in the next exciting phase of the life of the Leach Pottery. As we embark on this journey, l extend my deepest gratitude to oui" boai-d members, staff, volunteers, funders, and partners for their unwavering supporL Together, we have achieved a remarkable milestone, and working together, we will continue to push the boundaries of what is possible, creating lasiing positive change. l invite you to join us on this exciting journey as we strive to tum our vision into reality, one step at a time, Together. we will build a future where our organization thrives, our communities flourish and our impact endures for generations to come, Bernard Leach Enterprises Bernard Leach Enterprises is a wholly owned subsidiary trading company of the Charity. The Company was established to benefit the community by carrying on any trade, business or activrty for the benefit of the Charty or for any beneficiaries of the Charity. The Company operates Independent of the Charity but shares the Charity's Mission and is covenanted to pay its net profits from all trading activty to the Charity each year. The current directors are Gary Topp, John Bedding and Libby Buckley.
LEACH P0ERy ANNUAL REPORT 202314 Our Vision and Values The Leach Pottery is a place of creativity and wellbeing, committed to bringing clay to life, celebrating its rich history and supporting a vibrant future for studio ceramics. Our Values Quality & care in everything we do Sustainabilrty for our organisation and the environment Creativity in the work we make, and the work we do Welcoming by inviting, understanding and creating friendships & exchange whilst championing inclusivity & diversity Living Tradition of cherishing and passing on legacy, knowledge, skills. ethos and the site of the Leach Pottery whilst continuing to eV0e and challenge creative boundaries Our Aims Welcome: Provide a warrn welcome to everyone, broadening audiences, and deepening relationships. Celebrate and share the Leach legacy: Celebrate and share the Leach legaw. Capturing the history of the Leach Pottery from a variety of sources and maintaining a living tradrcion and the srte of the Leach Pottery, Whil continuing to eV0e and challenge creative boundaries, Creative Hub: Establish a creative hub, whei"e creativity through clay will flourish and people can access formal training as well as informal opportunities to learn abo and experience the well-being benefrts of working with clay. Restoration of Bulldlngs: Conserve and restore the historical building5 on the site for future generations to enjoy. Economlc Sustainability: Become economically sustainable and able to expand commercial artivf(ies in line with ambition and need. nvlronmental Sustainablllty: Take action to reduce our negative environmental impacts thi.ough research and understsnding and through adoption of more environmentslly friendly technologies and practices, Risk Assessment The Trustees have identified and assessed major risks to which the Charty is exposed and are satisfied that systtrns are in place to mitigate the Charty's exposure. These are reviewed at each board meeting. The Charty register is updated by managemerrt regularly, and amendments are submitted to the Trugtees foi- approval. This is also monitored by tk Finance, AudTt and Risk subcommittee.
LEACH portERY ANNUAL REPORT 202314 From our Director The Leach Pottery is full of wonderful talented people who work incredibly hard. They take their passion for cLay & creativity and share it with a diverse community. Our apprenticeships are still very sought after and something that we look foward to expanding in the future. The studio team have been focusing on training whilst building and developing new test kilns and have still managed to create thousands of pieces of Standard Wai"e. Our community comes from local families, school children, studio potters, learners of all ages and all skill levels. We have visitors on pilgrimage to the site. here for a quiet contemplatwe experience, We have shoppers buying special gifts and everyday pieces for their homes. The diaspora of Leach potters are spread right around the world and we are the tiny centre of all these crossing experiences and connections. We create opportunities for learnins exchanging ideas, generating friendships and all of this is part of the ongoing legacy of a living tradition, Our learning and participation team has seen more than 4.000 participants working with schools on glazing projects, a mud club for 18-25 year olds, social prescribing workshops, projects with care experienced young people. and our Wednesday Wanderers group of carers and people with dementia is still going strong. The learning programme also moved the adu programme to Newtyn for 2024, The past year has seen real successes in all areas of the work we do. We were able to showcase artists including Isatu Hyde, Lou Tonkin, Clive Bowen, Lisa l-lammond, Roelof Uys as well as the 70+ potters we represent in the shop. We had artist in residence Niek Hoogland from the Netherlands plus researcher in residence Jordan Wal-d- Williams looking into fLrture sustsinabilty options for potte. Our Making Change Conference started a conversation on sustainabilitythat we shall continue to develop. Sitting behind all of this is our capf(al development project which progressed rrom a plan to a project this year with planning permission, substantial funding and the start of work onstte. A huge thank you to our volunteers, Ireelancers, funders, trustees, supporters and staff for such a positive year of creativ,'ty, engagement, hard work (along with quite a brt of fun). Without you 311 the Leach Pottery would not be possible.
LEACH P0ERy ANNUAL REPORT 202314 Focusing on sustainability The Leach Pottery is committed to making a real difference. to create a sustainabLe future through research, investing in technologies and taking simple steps to reduce our environmental impact. Investing in the future The two-year Capitsl Project will transform the Leach Pottery and greatly reduce the carbon footprint of the site. This will include a new carbon neutral building, PV, heat pumps and restoration of historical buildings that will all help in our journey to becoming carbon neutral by 2030. Latest klln technology We are working wl(h a social enterprise Planet A SolLrtions who are helping us identify different fuel options that could replace natural gas in our reduction kilns. Initial research in 2020 around our site including a 'smart energy saving, and 'carbon reduction report, has led to the Capital Project where we will remove natural gas as our main source of heating and make our buildings more efficient to run. Pottery designed to last The Leach Pottery commissioned research to establish the environmentsl impact of our Standard Ware. The researchers used 18 different measurements to establish the impact of a Stsndard Ware mug (defined as one kilo) through its journey from extracting the clay through its design, manufacture, and use. The areas measured carbon footprint. fossil fuel use and water. The research also looked at packaging and the impact orb land use and marine life. It found that the carbon footprint of a mug was only17 per cent of the footprint created by the same weight of red meat, Sustalnable packaging The Leach Pottery uses sustainable and recyclable materials in its packaging. We use cardboard boxes and brown paper bags, and our packaging includes expandable die-cut craft paper wrch a tissue interleaf system to wrap and pack pots. We also use biodegradable loose fill packaging 'peanLrts' which are l 00 per cent home compostable. Sustainable supply chains The Leach Pottery commissioned a report from Exeter University 'Considering the sustainabilty of pottery and associated materials,. This paper looked at the supply chain for our materials and what improvements could be made in the studio to reduce our environmental impact. UK-only delivery As part of our efforts to reduce our carbon footprint we took the decision to only offer UK delivery.
LEACH POTTERY ANNUAL REPORT 202314 Our Supporters Our volunteers Our members Volunteers are an essential part of our team: we couldn't open our museum seven da a week without them. We love working with volunteers and sharing our museum with as many visitors as possible, Volunteers can work front of house in our The Leach Pottery is a registered charity and becoming a member helps us to continue our irnpoitant work championing and advancing the field of ceramic arts. Joining us unlocks membership benefits including E-bulletins about events and activities Invitations to previews, private views and events museum. to help welcome our visitors. We also have leai.ning programme volunteers, to support oui" work with schools, families and the community. Volunteers can also work in our studio alongside the studio potters and volunteering is a great way of developing your knowledge of pottery and the arts, meeting friendly people and making a difference. We offer ongoing training alongside quarterly volunteer creative workshops. If you would like to join our volunteering team get in touchl Preferential booking and special discounts on some events and master classes What is in it for us7 Your support. We would like you to become an ambassadoi" for us and share your passion for the Leach Pottery with others. To encourage you to visit us more often and bring along your friends and family. Why do we need support? We rely on generating 92% of our income ourselves, With the other 8% coming from Arts Council England and Cornwall Council. Most of this we raise through admissions, shop sales, wholesaling, courses and the generous suppoi of the public. We also fundraise for specific projects. In the financial year 202314 It cost £790.456 to run our slte and everything we do.
LEACH POTTERY ANNUAL REPORT 202314 Our 202314 Trustees The Leach Pottery is managed by the Bernard Leach (St Ives) Trust Ltd, a registered charity founded in 2005. We have a board of Trustees whose role is to ensure we meet our primary objectives. Gary Topp (Chair of Trustees) has led Arnolfini as Executive Director since February 2019 taking the organisation through a period of significant change and progress to re-establish Arnolfini as a leading UK centre for conternporary arts. He has been chief executive of a range of cultural organisations across the UK and in Australia over a 30-year career. Erlca Steer (Deputy Chalr> has served as executive director of the Devon Guild of Craftsmen. Erica is a South West representative on CraftNet, an independent national network that promotes leadership and strategic development for contemporary craft. Julia DeFabo is the social media manager at Art UK. She has worked wlth galleries in the US and the UK and has contributed to projects, publications and exhibitions with organisations such as the Smithsonian Institution, the Dak'Art Biennale and the Rencontres d'Arles. Shella Stuart has had a life-long interest in craft and has collected studio pottery for 25 years. Her career has been varied,. most spent working in finance. Sheila served on Cambridge City Council as an elected member for 10 years, including two terms as Mayor. Sheila and her husband moved to Cornwall in March 2021. Sue Pope has been involved in the field of heritage education for over 20 years and most recently, as a freelance consultant. She is also a musician and performs as part of her historic music group A Merrie Noyse and works with groups such as the Orchestra of the Swan and the Academy of Ancient Music on education strategy and projects. She has prevlously been a convener and trustee for The Group for Education in Museums IGEMI. Rhlannon Ewlng-James is the Creative Producer with British Ceramics Biennial working on the exhibitions programme as part of the British Ceramics Biennial festival in a curatorial capacity helping to create connections between exhibitions and visitors. She Is a passionate collector of craft. Chris Balch is a potter and American lawyer specialising in representing local governments, Chris has spent his career advising and defending elected and public officials in the performance of their duties and responsibilities to the public. A veteran of the United States Marine Corps, Chris ha5 tried more than 100 cases to verdict, most in defence of public officials. Vidya Thirunarayan has worked within various facets of the performing arts in diverse roles such as founder, choreographer, tutor, board member, entrepreneur and advisor. In 2010, Vidya completed an MA in Cultural Policy and Management and dove-tailed it with working for the Arts Council England, In 2015, she returned 10 her dual creative practices in dance and pottery and has been combining these in her performance work.
LEACH POThERY ANNUAL REPORT 202314 Learning and Participation 2023 saw rn0 than 4,000 participants join us to make with clay through the Schools, Families, Communty and Adults programmes across the equivalent of 370 days of workshops! From experienced potters to groups who are working with clay for the first time, rt has been a pleasure to welcome all to the Leach Pottery. We marked the end ofthe financial year by moving out of the Beagle Cross building which is set to be demolished in Spring 2024. St Ives School Exchange to Mashiko We were thrilled that a group of l O students and two ¥(aff members from St Ives School were able to make the journey to Mashiko this year as the friendship and ties between the Mashiko and Leach Potteries evolve. The Leach Pottery would like to express our sincere thanks to the Leach l 00 funders. the wonderful staff at St Ives School who arranged the trip. Koi Isaka from the St Ives Gallery in Tokyo for his generous sharing of time and knowledge, and the students and their familie5 from St Ives being part of the exchange. Penryn Glaze Development Course In partnership with Penryn College Chemistry department, we delivered a series of workshops for their years 8 and 9. The workshop intrixluced participants to the science behind glazes and each of the students. by the end of the workshop, had mixed five of their own glazes,
LEACH POThERY ANNUAL REPORT 202314 Social Prescribing Workshops 2023 has seen the gr0h of our partne1hIP wth local GP surgerie5 to offer pottery w)rkshops to Social Prescribing patients. The ekly workshops are part of our Community programme and have included throwing courses, hand-building projects and co- pi"oduciion of tsblewai"e. Promas Plates Promas Carers worked with Potters to co- ci-eate a co1Ction of Chai"ge and plates as they experimented with different slip decoration approaches, 'This is my favourite place to be. I feel calm here when I'm working with clay., Sociol Prescribing Porticipont Trelya Cups Participants from Trelya worked with the Leach Potteiy to design and ci'eate a co- pi'oduced tablewai'e range, Tretya is a charity based on the Treneere estate in Penzance that supports children and their families through health and wellbeing programmes. After the participants brushed the pots with slip they then caryed and drew into this surlace to expose the clay surface underneath. The pots were then gas-fired at the Leach Pottery using celadon glaze and are now In daily use at the Trelya Cafe! Mud Club This year we established the Nud Club (for ages 18-25) and the Communrty Studio evenings (ages 25 plus), These workshops are lively, curious, and full of the love of clay. We bok foiward to leading more In the coming year! Adult Learning Programme We look foiward to welcoming participants to our Adult Learning progi.amme which will be taking place at Newlyn School of Art in addition to in Bernard's Studio at the Leach Pottery while our Schools, Families and Community programmes continue to take place in the community and at the Leach Potteiy museum.
LEACH POTtERY ANNUAL REPORT 202314 Commercial team It's been an extremely busy and produrtive year In our shop in St Ives and our online shop, offering support to more than 70 Independent potters, as well as promoting Leach's signature Standard Ware which continues to sell out. Potter of the Week Alongside selling our range of Leach Pottery Standard Ware, we continued with the Potter of the Week featui-e, which offered l 0% off individual potters, work through online and in-shop sales, Potters have inclu(kd Tomoo Hamada, Mark Titchiner. Amanda Brier and John Webb, along wrth newcomers to the Leach Pottty. Simon Kneebore and Helen Lee. In addition, we offered l 0% off selected Standard Ware throughout the year to coincide with seasonal events including Shrove Tuesday. Mother's Day and Easter, In 2023 we inti"oduced a new feature: Pot of the Week, which enabled us to showcase the diversity of a specific form such as mugs, bowls, jugs and tea bowls. Our series of exhibitions were also cur.ated online. This extended the reach of the work and enabled the wider public to view and buy from the exhibition. Second Sales Our Second Sales have continued to be really busy and well received. We hold them on-site during the Easter and August Bank Holidays and this year, after the sales are over, we added a selection of Seconds Sales online - which have proved very popular.
LEACH POThERY ANNUAL REPORT 202314 Collaborations We had the good fortune of some lovely collaborations during 2023134. Artigc Printmaker Lou Tonkin's residency at the Pottery provided some wonderful lino prints and exclusive tea towels, all available to buy in our shop and online. In Christmas 2023 we collaborated with Christen Pears, whose beautiful home we used for our Chnstmas photo Shoot. 'Pot of the Week hos enobled us to showcose the diversity ora specific form such os rnugs, bowls, jugs and teobowls,, Plans for the future Throughout 2023 and 2024 we have continued to develop plan5 to impr.ove the shop and safeguard for future generations with a focus on impi'oving accessibilr(y and restoration of the historic Pottery Cottage thich houses the shop. The building will get a much-needed new roof and VE will be investing in better lighting, new shelving and the floor will be raised in the fil* room to make is accessible for wheelchaii"s. A new entrance and café will be built which will connect directly into the shop. The old patio do0 that used to open behind the current counter wll become the new entrance to the shop from the new main entrance. During refurbishment the shop will tempoi-arily move to the new Learning and Production Centre which is currently under construction,
LEACH POThERY ANNUAL REPORT 202314 Gallery and Curatorial Team The Leach Pottery holds regular exhibitions featuring potters from across the world as well as work from our talented studio potters. Selling exhibitions are held in the Cube gallery space, as well as the Entrance Gallery, the Shop and online, Isatu Hyde: Beauty Rooted in Use In May 2023 the Entrance Gallery hosted our first show of Isatu Hyde, who trained in the studio pottery tradition with Andrew Crouch in Ludlow, Shropshire. Working mainly on the potters wheel with a range of clays, glazes and firing temperatures, Isatu makes functional work that is rooted in use. Lou Tonkln: Sketches & Prints This installation held in the Old Pottery Shop in May and June 2023 showcased preliminary sketches and etchings by Lou Tonkin. an artist and print-maker from Cornwall. She completed a short residency at the end of 2022, focusing on the processes of the Producion Studio and the forms of pots. Lisa Hammond: Soda Alchemy In May 2023 we hosted the first solo exhibition of Lisa Hammond's high celebrated work. Lisa Hammond MBE Is an internationally recognised potter renowned for strong energetic forms, soda glazes, shino fii"Ings, and for ci"eating sti"iking and unique Individual pieces alongside beautiful tableware for day-torflay use. For this exhibition, Lisa created a range of personal works, including Moon Jars, Iga Vases, Paddled Bottle Vases and Yunomis, alongside peisonal tableware and a selection of Maze Hill Pottery tableware, Clive Bowen In September we opened a solo exhibition featuring the work of Clwe Bowen mai*ing his 8thh birthday, celebrating his slip- decorated earthenware pots which have proved popular with collectors, Colour and Movement In February 2024 the curatorial team curated a group exhibition showcasing the talents ol five featured studio potters. COtOVH &MOVEMENT SPRINGGROUPSHDIY COIOUII S MOVEMENT 8PRIMI GRQUPSIIYI
LEACH POThERY ANNUAL REPORT 202314 Safeguarding the future of studio pottery Alongside our active programme of exhibitions, the Leach Pottery has an active residency and research programme, exploring the challenges facing today's studio pottery Researcher in Residence We welcomed Researcher-in-Residence Jordan Ward-williams who spent nine weeks with us in December 2023. The Univei3rty of Cambi"Idge.b3sed research chemist has been making ceramics foi" more than seven years. The project looked at sustainability from an environmental, financial and supply perspective. and explored the role and potential of different fuel sources in the glaze firin8 process and how the changing nature of local industry affects the 5UStainability of local materials. Artist in Residence In May 2023 we hosted Netherlands slipware potter" Niek Hoogland. Niek grew up in a region with a long tradition of slipware making and had always wanted to be a potter. His inf(ial training began with one of the last traditional slipware potters in his local town. Over the course o( his ten-week residency he explored the intersection of functional and ornamentsl pots, layering these ideas in the slipware work he produces. The residency culminated in an shop exhibition: Niek Hoogland.. Best of Both Worlds featuring new slipware pots created by Niek during his residency. Making Change In january 2024, the Leach Pottery hosted an online conference exploring issues of sustainability, Making Change Conference,, Sustsinability & CeramK Practice explored the meaning of sustainability in the context of ceramic pi'actice in 2024 wth a series of expert speakers. "Slipware cer3mics h3ve 3 tradition of passins on, tellin stories, embellishing every ay life and celebrating and commemorating occasions. NIEK HOOGLAND
LEACH POThERY ANNUAL REPORT 202314 The Leach Pottery Museum Our museum welcomed thousands of visitors, alongside sell-out guided tours throughout the holiday season. Work also began on the redesign of the museum as part of the Caprtal Projert, starting with exploring people's stories of Leach and hosting communrty events to discuss and develop our plans. Guided tours Each year thousands of people visrt the Leach Pottery museum. which tells the story of its founders Bernard Leach and Shoji Hamada and the pottery that has been on the same site for more than l 00 years. Marsy choose to book onto our guided tours which run through the summei" season and can even be done in Germanl One of a kind The Leach Pottery Museum is the original home and work place of revei-ed pottei. Bernai"d Leach. During your visit to us you can explore the l 00 year old pottery; the clay room, the throwing room with kick wheels and our Japanese climbing kiln. 4+,41 &., Durin£ your visit you will learn about the histoiy of the potteiy and the many pottei"s that have spent time training and working at the Leach Pottery.
1115m1hr4J1Js¢ ihelmpwwiw115 What will the new Ik museum look like? The refui-bishment and improvements to the exisLing museum Will include conversion of part of the 21)08 production studio into an introductory gallery to enable the context and importance of the Leach Pottery to be fully exploi"ed. The Interpretation elements will be expanded to Include the new welcoming area and cafe and expand to OLrtside areas. Developing the museum During 2023, we developed our plans for our new museum, cafe and hands-on actiVIty Spaces with design consultants Imagemakers. 'The teom hos begun to source objects and collect stories for the interpretation o[ the new museum spaces, increasing the appeol and offer to o broader oudience. Over the autumn we carried OLrt public consultation with our local and pottery communities, both in-person and online. We had 84 respondents who provided feedback on the themes, stories and concept designs, which enabled us to carry the designs forward to the ne*( phase. The tearn has begun to source objects and colleci stories for the interpretation of the new museum spaces. increasing the appeal and offer to a bi"oader audience. We will £tinUe to develop our plans for the new- lo(A< museum throughout 2024-26.
LEACH POTtERY ANNUAL REPORT 202314 The Pottery Studio The pottery studio is where our team of talented potters make Leach signature Standard Ware. Each potter is encouraged to develop their own practice and we have a thriving apprenticeship scheme The studio pottery team has been heavily involved in the planning and design for the new Learning and Production Centre which will help increase production to keep up wrth demand for Leach Pottery Standard Ware. This range of pottery includes functional pottery incorporating setviceware and kitchenware and is based on the original designs and methods used by the Bernard Leach UdiO which was set up on the Leach Pottery site in 1920. The Standard Ware which is sold In our shop, online and through a select number of shops, includes mugs, plates, bowls, jugs and the ever- popular egg cups. From Mashiko to St Ives In September 2023 we presented an exhbition featuring two bodies of work made by our Lead Potter Roelof Uys. One was a colleciion created in Japan during his 2022 Mashiko Residency, and a series of pots made In St Ives in 2023 as his creative response to this experience and work. Roelof was artist-in-residence at the Mashiko Huseum of Cei"amics in autumn of 2022, Leach Pottery co-founder Hamada Shoji set up his pottery in Mashiko. Kiln technology The studio began planning for its new suf(e of kilns to be built in the Spring of 2024 in a new temporary shed that will see the studio and learning team until the permanent kilns are completed in AugLJSt 2025. We are working with a social enterprise Planet A Solutions who are helping us identify different fuel options that could replace natural g3s in our reduclion kilns.
LEACH POThERY ANNUAL REPORT 202314 Apprenticeship programme The Leach Pottery is committed to safeguarding studio pottery with an artive role in training the next generation of potters through an apprenticeship programme Leach Pottery has a successful apprenticeship scheme which attracts interest from across the UK. The apprenticeship scheme is a three-year placement aimed at someone with little or no previous experience in ceramics. Efforts are being made to find funding to expand the programme further, The studio welcomed our fourth apprentice Amy Wilson (bottom right) in 2023. Recruitment began for a 2024 apprentice in March 2024 and attrarted dozens of applications with a new apprentice appointed in the spring. The Leach Pottery already has a waiting list for the nexi round of applications expected to begin in late 2024, Apprentice Ellie Woods (top right) is set to graduate in the summer 2024 with a solo show. The apprenticeship programme began in 2014 when we welcomed our first apprentice thi-ough an apprenticeship pi"ogramme in pailnership with Cornish company Seasalt which went on to fund placements until 2020. Previous apprentices include Matt Foster, who is now our production manager and our first appi-entice, Callum Trudgeon, who now works in a studio pottery in New Zealand.
LEACH POTTERY ANNUAL REPORT 202314 11 Capital Project The Capital Project will transform the site of the Leach Pottery which will be developed and expanded to provide the pottery with the world-class facilities needed to grow our learning programme, increase studio production and bring the story of the I00-year-old pottery to life in a new extended museum. The Leach Pottery has stood on the same site for more than a century and includes a pottery ¥cudio, learning centre, museum, shop and gallery space. The original pottery dates back to the 192&. The capital project is funded by St Ives Town Deal. the National Lotteiy Heritage Fund and MEND ffhe Arts Council England). The first phase, to replace the Beagle Cross building wrth a Learning and Production Centre, was approved in May 2023 and work began in cleai.ing the sf(e in early 2024. The centre is expected to open in Summer 2025, The second phase of the project was approved In January 2024 and work is expected to begin in Autumn 2025. This will include the rnajor redevelopment of oui- museum, a new main entrance with better on-site setvices 'This project is o once in a generation opportunity to rotionalise the site, improve facilitie5 and to place the listed buildings in a more appropriate context., This project is a once in a generation opportunity to rationalise the site, improve facilities and to place the listed buildings in a mol-e appropi.iate context. The plan will improve the experience for local, national and international visitors with better on-site services including a new learning centre, pottery studio, archive and library. exp3nded shop and new cafe. st.lves CORNWAIL COUNaL Herltage FurKJ
LEACH POTTE AL REPORT 202314 The Leach Capital Project: What will it meanl A new learning and production centre to provide more classes and workshops and increase pottery production A new reception and cafe building Refurbish and extend the existing museum to include an introductory gallery, hands-on exhibits and a trail Revamp the existing shop in the IIsLed Pottery Cottage Create a temporary gallery for shows of contemporary pottery for sale Convert the 2008 Cube gallery Into an arChe study centre and library Improve facilities for visiting artists Welcome more visitors on to the site Employ and train more staff and apprentices Why do we need it? Production, learning. community activity and the visitor experience of the listed buildings are currently compromised by the current layout of the site and the use of the existing buildings. This is the result of ad hoc and strategic development over the past l 00 years. Our experience tells us that there is unfulfilled demand for our learning activities, and we can sell far more Leach Standard Ware than we can currently produce. Condition surveys have identified the need for a significant programme of work to secure the future of the listed buildings on site. UK CmInI st.lves r.ORNWALL COUNCIL Herltage Fund l-¢1 w17 1)oa I
LEACH POThERY ANNUAL REPORT 202314 Leach Pottery Trust Summary of financial statements Foreword Income increased during the year by Income has increased by £730,230 to 11.588.653, from £858,423 in the previous year. This increase is almost entrelY attribLrtable to the increase in grant income in relation to the ongoing capital project, which increased by £686,692 in the year. Other income streams were largety stable, with the largest movements being a fall in donations of £9,863, an increase in trading income of £18,647, and a fall in education income of £24,776. Trading activity costs were largely static in the year with an increase of onty £3,008, thi5 15 despite the above increase in trading income. As such the profit margin for trading income rose to 23.3% this year up from 20.5% in the previous year. Charitsble actiwties expenditure increased by £26.005 to £257,801, This increase is due largely to an increase in staff costs of £30,524. Education programme costs also increased by £14,621, despite a fall in income in the year from this programme, These increases were offset by a fall in direct charitsble activity cog(s of £30,885, Overhead costs increased in the year by £29,568. The increase in costs was across various areas, with the most significant being an increase of £15,879 in premises costs, There is also an increase in audttor and accountancy costs of £9,350, due to the need this year to have an audit of the accounts. Page 35 shows the consolidated balance sheet for the charitable group, Tangible fixed assets have increased in the year by £878,700 to £1 ,181 ,794. This is due additior)s in relation to the ongoing capital project. At year end the group had totsl reseNes of £1,864,976. compared to £1,031.663 in the previous year, Of these £1,395,481 are restricted, £469,465 are urbrestricted. The increase in restricted funds in the year is due to receipt of the grant income in relation to the capital project. Charity Reserves are £1,859,860, 1464,379 unrestricled. Bernard Leach Enterprises profit is £8,705 Income decreased slightly during the year by £11,791 to 1196,553 in comparison to the previous year's total of £208,344. 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 activtLies including the maintenance of the buildings under the l 00-year lease from Cornwall Council. We have achieved our goal of a general reserve fund to cover four months of overheads. 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 monf(ored on a regular basis and where possible are invested on short term deposit.
LEACH POTtERY ANNUAL REPORT 202314 Leach Pottery Trust Summary of financial statements Where our money comes from.. Trust income 202314 Grants 9% Retail 62% Learning and Participation 16% Museum admissions 6% Other misc. 7%
LEACH POThERY ANNUAL REPORT 202314 Leach Pottery Trust: Summary of financial statements Where the money is spent: Trust outgoings 2023124 Staffin& training and travel 42'A Retail - cost of sales 33Y Office costs 4% Utilities 4% 11 Maintenance 5% Museum and exhibttions l % Learning and Participation freelancers 6% Insurance 2% 11 Learning and Participation materials l %
LEACH POThERY ANNUAL REPORT 202314 Capital Project funding In 2023 the Leach Pottery began its two-year transformation project with funding from a number of sources. Below is a breakdown of funding for the programme. St Ives Town Deal 52% National Lottery Heritage Fund 37% ACE MEND 7.5% 11 Trusts and Foundations 2% Leach Pottery match funding l % Other fundraising 0.5% *Amount to be raised
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Compllny R•glst•r•d Nunth•r: 05372374 IEngltrnd Walvsl Chorlty R•glthr•d Numbw: 1111263 B•rn•rd L•aeh1g1 Iv•4) Tnwt Umll•d Ind•p•nd•ntAudllorfs R•port to tho IA•mb•rs ol 8•m• L•a¢h (St l¥•s) Tnmt Umlt•d - R•¥l•wlng d0m•n18th)ft from fund provhJ•Tr lo to•1 v4h•thor lund• hfid b•en appr0rlI0IY d•lm•d and utlllmd for purpos•8 08 8•1 out in Ihg re8POGIivo tract lonn$. - Audi1Sng Ihe of rnon•gJm•nl ov•rfd• of gnIoI8, inthjdino through l•sllno of loumol •nlrtèts ttnd olh•r •dlu8lrn•nl• for oppropdeton&88. and ov•lu•tJng th• r•lIon• lor 61gnfft•rnl IM•acllon• outsld• th• nonn81 courn• ol bu51ne85 adMll•s. 01 whlch Ih•t• w•r• nono. Revlowlng •rnateS and luduefmnts mad• In lh• fin•ncFthl 8tht•m•nl¥ for •ny indlcallon of b1•8 and ch•ll•ng•d 0MplnI us•d by m•n•g•m•nl In maklng lh• 06Umatè$. - R•vlowlng Board mlnul•• •nd ¢orr•8pond•nc•wlih w•guhloru lo comiboral• lh• ffindSng• from lh• •bov•. Du• fo th• knh•r•nl IImtt•oTr# ol•n udlt, Ih•r• r•ffl4lns • rllk Ih•l w• not hav• d•l•ct•d wm• mth•l mlMlal•m•nls In IM ffin8ntlwl •t•lw•nl$ or Th}n4mPlInco wllh IAw6 and r•gulatlons. Th1• Is d•8pllo Ihe la¢t Ihll w• h4v• prop•rty pl•nn•d end wrtomi•d our audit In •ccordone• wlth audluno •tsnd•rds. For èx8mpl8, tho frjrlher r•moved lThwJutarftl•8 thre Irom tho ov•nt6 •nd IrJnM¢llon8 refloct•d In Iho fin01 •l•l•rn•nt•. th•1•$6 Ilk•lylh• Inhornnty lknlt•d pro¢•dum f•qutr by audlting 8t4ndardq w¢wld kl•ntthy11. A• wllh anyaudll. there r•ma+n•d a hlph rfsk ol non41•l•¢tlon ol kregularltl•s, as Ih•s• m•y Invol cdlu8h?n. forgery. intentlonol OMIlOn1. rnlu•wo8enlallon8, or thD ov•rrldo of Inhm?I nts07•. T1 rt8k wa8 rnduc•d by a Ihorwgh ¢8vlow ol all controls kn place Ih81 monltor Il•m$ ond tr•noo¢UonB •ffocltng lh• flngnd•l $l•tom•nts. The Wmary r•¥p(sIbIlIty for th• prnv•nlb)n and dotaetlon of Iwr•gularltl•• •nd fraud i••l• wlth th• tru•t••s ol lh• ch•rfl•bJ• v)mrJonv. All rnlevant l•ws. i•gulatlon• •lgnMlc•nl rlok8 of frnud Idgnlffi•d hav• b••r+ ¢l••rfy mMunIcO10d lo ••¢h m•rnb•r ol lh• •udlt eng•gomoTrl l••m. W• arn nd r•fjpon8lbh lor proventthg nonvcornpH•n and nnl bo •ip•ct•d to dgl•cl rwJnwcomplhnc• wKh •ll Imws •rKI r•gulallona A luwlher do8C4iPtton ofour r•8pons>llU•8 L avalabh M th• FIrS•1 R•portlng Coundl'8 weIt8 aiwKW.fre.ory.ukl•udlifK0rn8pon•lbllh8. TNS des¢rtptk4n fomo ol our 8udllorfa report. U#• ol our r•po Thli roport h mad• 8d•1y to th• ch•rtt•bl• pornnl c¢mpJnYs IAMI•••, 118 a l>ody. In a¢xordonca wtth Chfjpt•r 3 01 Parl le of th• Companles Ad 20c. Ouf audll wtyk hol ben und•rtaken 80 Ihal w• mlghl $tat8 lo grrJJp'8 IruBle•8 Iho¥e mattors w• ar• rwlf•d Io 8tst• to them In en qudllo¢8 roporf ind lor no other purpDSO. To lh• lulost •xt•nl p•nnlllgd by Law, wo do nol qceapl of A8stsm• rn$pon•lbllrty lo •nyon• other Ihan th• ¢h•rttiblo pffjrnnt ¢offlpgny &ffld Fts tsust•oB a8 a body, lor our gudll work, for ihlB 18porl, or lor th• rJplnlon8 h•v• formed. for Ihls port, or lor lh• oplnlon8 Wo hov• lomiod. Davld Hiitlngs FMAAT ACA (Sonlor Slalulory ALttOr) For on on h*ll of BK P8 Audlt Llmlt•d. Slalulory Audltor 3 ChAF•l Str••t Redwlh Comwall TR15 2BY BK P(,, }.6/:.11024 Page 33
Comp•Thy R•qlitsr•d Numb•r. 05372378 IEhgl•nd •Trd Wahsl Chartty R•glst•r•d Numb•r, 1111263 B•m•rd L•a¢h ( fv••l TN¥t Llm5t•d Conolld•t•d 8l•wm•ni •1 Flnan¢lal Acil¥hl•s •nd In¢om• qnd Exp•ndMwT• A¢¢oth •nd 8th1•m•nt of R•cogni$•d G•ins and Lossos Forih• Y••1 End•d 31 Mir¢h 2024 Unr•strlct•d Fund• 2024 R••id¢i•d Pund$ 2024 T•ial Fund• 2(124 Tol•l Funds 2023 •• r••thl•d Not•• In¢¢mlng ROUr¢I1 Oon•llon$ Gr&nts 7.269 7269 986.807 3.938 248,872 985.807 Charitsblè Educ8Uon. tralnkng and malnl•bnlfvJ rnu$•um Advtum lorgow•llng funds Cornm•rtlAI Iradlng oporallo Oth•r trodlng •ctlv611o8 Invellmenl Inc¢Jm 149,682 149.862 187,e40 152,734 403.708 1.926 152.734 403.708 154,463 389,863 438 TOTAL INCOMINO RE8QURce8 715.209 1701106 983,214 R••ouff•i fxp•nd•d Tr•dlng a¢ti¥ld•s Charltabl• *thltl•• Educ4tlon. tr•lnln9 and m•knl8lrn9 mulwm Support ind gov•m•nc• ¢o•l• 10 4ts2.364 432,364 428.811 182.865 205.495 73,738 ),333 258.e01 208,828 230,595 179.200 10 820, 897,793 ,e6 Nol InfA)mlng rHourM$ av•ll•bl• for ¢hodlablo appfimlton 1106A25) 908.738 803.313 128,548 Balan(• bugh1 lo[d •11 Apdl 2023 Bal•nc• eorrtod forwtrd at 31 Ma 2024 574 920 1.081.883 1.884,978 935 115 1.OS1.0 1 395,481 Th8 8tat8ment ol FlnBnclal AcvIll•S Inc%)>or¥l0b Ihe Income and oxpendllur? fjcuwnls. Tho f•8ults foF Iho y•ai d•rtv• Irom ¢IlThY1rj 4¢U11 and ther• or• no g#ho •nd108809 othw Ihqn thow 8h¢Jvm •b. Page 34
C•mp•Ny R•gl•l•T•d Murnb•r. 05372370 (En9lind •nd W•knl Ch•flty R•qlstsr•d Numb•r. 1111263 B•m•rd L••oh (8t Tru•1 Llmh•d CoMoIIrfDt•d 8tst•m•m ol Fln•n¢l•l PoAlilon •• •t 31 AloF¢h 2024 No¢• 2024 2023 vixeDA88Ers 12 13 1,181.794 303,094 H•th•9• th•t 1.236.7•4 358,094 CURAEMT A88ET8 Stock• D•blor• Ca8h •1 b•nk and In hand 14 16 23 40.175 170.009 575 318 785.2 28.807 282,$44 433 744.441 eMDITOft8 Amoun1• Iqllkng thJ• wlhln on• >••r NeT CURRINT A•8lf4 703 6e9 TOTAL ATI LI•• ¢URftiIIY LMILmf• 1.8e4,97e 1.001,8es MeT A•8m 1061.86) 10 18 1.396.481 486,743 674,920 Urw••tri¢l•O rwTh•• 1.884.978 1.081,883 Th•4• ffn•nd•l •t•l•rn•nl• b••n pr•p•r•d In •ctt)rdth llh lh• wlal pm¥1)n8 of PAA 15 of lh• Comp•n• Act 2000 T•n9 t¢ •mll wrnp•nl•$. ffin•n¢l•l •¢alom•nts w•r• •pprn¥•rt •nd •uthorlMd kn Iu• by th• 8oard of Olredor• on i Ito haIr by.. d w•r• •1gMd on ON DEW OP THe •OARD OJTopp Tru8t•• Page 35
Company 11•olst•r•d MUMT. 05372370 IEngland •nd Wahi Ch•rfty ft•ol•t•rqd Numb•r: 1111263 •rn•rd L••Bh {8t Iv••lTru•t Llrnlt•d ¢h•rlty thot•ffl• of Fln•n¢lal Poslilon •• at J1 M•r6th 2024 2024 2(12J Not• FIXED A88vr¥ T•ng1tr1g AM•l8 1,178,884 $5,000 299.447 SS.DOO 12 13 Invo•lm•nts 1,233,eJ5 364.448 CURRENT A88ET8 14 16 12204 219,222 5JT.363 68,849 14.152 314.807 D•blorn Cash •¢ b•rd¢ and th h•nd CMDffOR• Amwnt• lIng du• wMNn on• y••r 142 874 30,718 NST CIJRRfNT AIIFT• ¢25 976 707 215 TOTAL A•8frn LE88 CURRENT LwmE8 1,859.880 1.061,803 N•Y A••rr• 1,859,880 1,081.68> E8GRVE4 R••trfd•d I•r¥•I 18 1,395.481 461.379 480,743 574.920 1 0616e3 Ch•dll• •urylu• lor th• •r 798.197 126,548 Th* fln•nd•l •l•t•m•nl• h•v• b••n pr•p4i•d In •cvJrd•nv• wllh lh• ycLql provthlong of P•rt IJ th• CWnPl•8 Ael 2000 r•l•tkni lo Mll c¥)mp•nkni. Th• fflnAndo18l#l•m•nl8 W•f• •PPYDv•d •nd •uthorfMd lor IMu• by lh• Bo•rd ol Olmdorn o on R6 boham by: Z4 and •W•d ON BEHALV OP II•E BOARD Tw•t¢e Trvii•• P•ge 36
Company R•ghtsr•d Numb•r. 0537237816ngl•nd •nd Walm) Chorfty R•glthr•d Numb•r. 1111263 B•m•rd L••ch (St Ives) Tnmi Llmlt•d 3tatsm•nt of Cash Flws forth• Y•ar •nd•d 34 Mar¢h 2024 2024 2123 • r••tat•d Notss Ctth flow from op•rntlng ¢111¢. Cuh g•n•r•l•d fiom op•rAlon$ c•h provld•d by luud Inl op•r*tlng •ctl¥hl•• 1.022,8r2 1022,872 84.100 C••h flowi from Ihv••ilng •odvltl••: Inlerts¥l i•LTfved Purthe of lengibl8 Ilxed e686ts N•t ush pravld•d by {us•d In) Inv•sttng •¢ilvkl•• 1.926 882,770) 437 437 Ch•ng• In cuh and cash •qulval•nts ITh th• r•p•nlng p•rl•d C•#h and ¢••h ¢911•nI$ •1 th• b•qlnnlng ol lh• r•portlng p•rlod 142,028 84.597 433.290 348.693 Ca•h and ¢q•h •qut¥•l•n¢s at th• •nd of th• r•porllng p•rfgd 23 576318 All ol lh• •h IIow8 •f• d•rlv•d oporttlon8 durlno lh• gbov• two p•rbod• Page 37
Company Il•glst•r•d Numb•r. 053n378 (Engl•nd and Wal•g1 Ch•rlty R•glst•r•d Numb•r. 1111203 8•manl L•tt¢h181 IVHI Tru Ltrntl•d 14ot• to th• FlnaTKl•l 8t•t•m•nts For th• Y•er End•d 31 March 2024 STATUTORY INFORMATION 8omard L•ath ISI fv88) Llmll•d op•r•lo8 In lh• tourf6m tt¢)r wilhln Cornw•ll. CrflY a prfvala fxtmpany. Ilmlt•d ty guarnro0. MPl8lèred tn er•Jlond and W•l•s. Th• m•mb•rn of lh• L¥)mpony arn nern•d on p8g8 3. In lh8 ovonl of Ih? Chonty bglng wound up. the Ilablllty In ol Ihg guiranle• 1$ Ilmlled to E1 p•1 mwnbor. Tho o)rnpeny wos InrxNporal•d In Engl•ThI •nd lh• rgl$lerod number Is 1111283. Th8 addrw of thg r•g16t•rod office Is Looch Pottory. Hlgher StennKk, 51 IvoB, Cornwall, TR28 2HE T18 fiMnd•l •tst•monts covor o group of enlldK. ACCOUNTING POUCIE8 A¢¢ounilng ¢•nv•ndon Th• fln•nd818tst•m•n18 h# b88n pr•pared In aeix>rdBnc• wlth th• Ch•rfU•s SORP IFRS 1021 'Ac¢J)un¥r4J Ind R•wrbng by Ch•rllles'. Slzl•monl ol Recommbnded Praclka &ppllcablo to tharttl•• proparfnq Ihelr acs))un18 kn aw)rdanc• wlth th• F&)•nclql R•FW)rtlng st8nd4 appliblO In the UK and Republlc of li•land IFRS 1021 (•ff•cll¥• 1 J8nuBry 20191., FIka1 R•wrtlng Siandartl 102 Th• Flnond•l Reporlhig 8t•nd•rO •ppDc•bl• In lh• UK ond R•publlc of Ir•lond' And the Companlol Act 2008. Th• lknthnelal 8tat•m•nt• hav• be•n propamd undor th• co81 wnv•ntkn, •0 modWl•d by Iho I14¢ of Cort4 •8••ts. Th• thjrlty l• • wbllc banofil •nllty u d•fin•d by FRS 102. Group A¢eount• Tho80 financlo181alernenls the r•sulte of Iho ClIty and It6 wholty owned wbthllgry. B•m•rf L••ch Enl•rpdMrn Ltd. on a lin• by Ilno bas. AJ kntraroup balanM•, tr•n•ac¢lon•. Sn¢4m• •nd •xpon••• ar• Vllmlnobd on con•oldotion. Th• cOnlIda1•d •ccouni8 ar• pr•pAf•d ng unllorm ocuntIng polkl••. C•pltallu¢lon and D•PrlatIOn olT•nglbh FIX ABs•ts Indlvl¢JuBI ssa•t oxp8ndllur• b•low £5001s not eapllalLwd tsjl ch•ry•d ta lh• SOFA wh•n Incurrthd. Inl•m•l libour * o4p#•ll••d wh•n 11 rd•t•s to •n IndIduAl aGa•t. Thli 18 ealwl•l•d by rnf•r•ne• to Ilm•ih•t8 Ind hourly p•yrol ¢0410 lor tha Indlvlduo18 Involv•d. D•pr•d•Uon kn provld•d ai th• loll0lN9 •nnu•l In orf•T to wrttè off ••ch a•8•1 ov•r Ih ••tlm•l•d uo•fil Iff• or, IF hokl und•r nn•n¢o1o41•, ov•r lh• h•6• to whhrI0 the Bhortor. LAnd Bulldlng• Plant and machkntrry Flxlure6 and fiMlrw8 Motor vehlclas Cthnput•r •qulpm•rt Sty•buhl Iln• ovw99 y•ors 33% on c1 33% on ewl 33% on cost 33% on ¢MI Donalions of hertt4790 asul4 •r• w•c4gnls•d •• Incorn• at th• polnl of r•c•lpt as 8 b•n•ftt In klnd and IndL1•d In the b8tance 8ho01s ba8od on lh• g•limol•d wltsabl• v•lu? assurnlng polontlal 6810. Htyltsgè 0sset# aro not d•pr•clal•d du• lo tho n81ui8 ol a#i•ts bul #re $ubl•ct to parfcJk wDf•BBlon81 v•bJallon. Atthough lh •¢¢ounlSn9 poll1$ In 8¢¢ordanc4 wlth th opplk8bl• a¢<ounllng itand8, FRS 102. It bs A d•partur8 from th• gèn•ral r•qufv•m•nt of Compar)l•s Act 2rM lor all tanglblo a68et6 to bo <fopreciatsd. In lh• oplnlon ol lh dligclors ¢tsmplbanc& wbth Ihg ¥l&nderd16 nocougry for th• flngrK40161al•m¢nts lo glve e Irue and falr vlew. Slo¢k8 ar• v•tu•d •t loww of ¥1 and n•t r••ll8•bl• v•lu•. Aft•r m•klng duo Bllowonc• for obl•t• slod( •nd •lDw moving ilgmi Op•rntlmg L•ms• Commllrn•nl R118 oppllc4blo to op•r4tlna ha$•$ vh*re 8ub$tsnllo1ty All tho and rf6k& ol ownorshlp r•maln wlth tho Iw8or or• thar9od to th• SOFA ov•r the t•rrn 01lh•1088•. Pa8e 38
Coryi•Try R•gl¥t•r•d Nurnb•r: 05372378 IEngl•nd and W•l••) Ch•rfty R•gtst•r•d Numb•T: 1111263 BInrd Lo4¢h {St l¥••1 Tn1 Llmlt•d Not•s lo lh• FlTronclBI 8lat•m•nts {¢ontlnu•dl th• Y•Ar End•d 31 Moreh 2fj24 ACCOUMTING POUCIFS- CONTINUED Fuftd A¢eoundn9 Gongr81 fund? •re unr•8trfcled fundB which are AvA4ablo for al lh• dhu•lh)n of th• in lutheran ol lh• g•n• oblecllvo8 of the Charfty and whkh h•v• nol on d•elynohd for oth•r p•8#. R••lrkl•d fund8 are fund• vA)lth er• to b• u8ed In ec¢OrdJr4 wlth 8p•cTh r•stddoni lrnpowl by danorB or whlch hav• MIB•d by th• Ch•rtty partJJlor purpoM8. Th• 8101 rn15kng and •dmlnl$lrAlng euch funds arn chBrg•d agaln61 th• ipadfi¢ fund. Th• alm And ol •ach r••lrt¢t•d fvThJ 1$ Bel out in nolo 19 of Iho finandal slat•m8nls. InVlMan1 Irme Is allocated to Ihfft apPrO•t• lund. InGOM• All Incornlng i•wju•• •r• lnduded In ihe SOFA wh8n iho Charfty18 ltyally •nt41•4 lo Iho In¢omè and Ihe amounl can bfr m•8surnd r•llabty. Th•r• kn no nglllng oll of •xpoTrJilurv agulnst In(y)me. Qrants and aov•rnmoni gr•nl• Incorno from donatk>n$ or gr•nt• k r•cogrd8•d wh•n th•r• h ad•hea ol onUllèm•nt to tho glft. r•¢•lpl b pbI• Or Ile loun1 can b• m•a$ur•d rollably. In icc4thnco wlth th• ChwIl8 SORP 411 grnnt$ are r•eoonLq•d undAr tho perI0nnan modol. 01ft¥4n4lnd and donat•d ••rvlc•B Gm•4n-klnd •rn Inthded #t Iho v•lu• lo th• Ch•rky th•r• thli e•Tr b• qu•ntllb•d •nd • thlrd party18 b•artr¥J th• ¢o•l. No vduo i• attrl•d ¢0 d81•0 8t•ff Ihwrn. Exp•ndiiur• All •xp•rKlllur• l• a¢u(0d for on an •ccN•l b•¥ •nd h•• b••n d1•1•d und•r h••dlno8 Ihat 1gQMQ•t• •ll ¢•)•t• r•141 to Ihe 10gwy. Whgr• lts cannot be dkodly •tIdtI•d to tIl¢l•l h•adlng$. they hwv• bgen alkx•l•d to actlvW•• on • bo815 ¢on$l$l•nl wllh th• u8• 01 tho rowur¢•8. Bupport Co4ts Support Gosts aro Ihoee lundon$ th•1 •$81 th• WO ol th• ¢h•rtty, bul do not dlredy und•rt•k• ¢h•rfl•bkn work. Support b• 8••n rfthln note 10 and Indudo th• gov•mOn costs.. Pr•J•nlatlon Cumincy Tho y•8•nlaJon ¢uirnn¢y olthe mnancl•l $14t•m•nts 1$ t Pound Sl•ffjrw 1£) •nd round•d to th• fi••r•st pound. Golng Conc•rn The Tru8t••8 hav• I•w•d tho for•¢•#lo lor Ihtr p•rfod through io March 202S. B•mard L89¢h ISI Iw$l Llmll•d ha• A itrong flnanclal po8lllon •1 lh• mportlng dal• and l èxpèctèd to hovo •uch In 12 monlh. Th• Tru•t•M con•lder Iharo •r• no m•t•dal urK•rtalntiM In odopllng golng Lx>ncorn bash ol •w)untlng. Fln•n¢lal In•trum•nts Tho ¢>Jmpar)y h88 eho8en lo odopt lh• S•¢tb)n$ 11 and 12 01 FRS 102 In r•¥pect ol flnandol kn6trum•nl•. {1} Fln8ndal 088ots 84slc flnandal as801•. Includk Ir8do and olh•r rKolvabl•s, and bank bd•nco8 •1• Inill•lly rocwnld at transaction pwke. unlo51 Iha 8rrnng•monl rx)n6thulo$ a lknanclng tr•ns•cllon, whorn lh• Ir*n$•dlon is mothir•(l at the $¢nI ¥•0 ol lulurn r•IPts. d18count•d al o m•th•l rnt• of InleML {iil Flnanclal NoblUlb¥ B#iltt financl&l N8bllftl••. lnrjudlr trnd• •nd olhw pay8bles. 8re Initfiulty r•counl8•d al TrClI0 prlce, Unl th• &rrnngomenl (nItI1te$ a flnandng 11onso¢lk¥), wherg Ihe debl Inrmen1 Is mea8ur•d •t th• pr•8•nl volu¥ of ltylurg rec•lpl6, discounted al • m•rft•l r•t• of Int•r•6L Debl In8tnJm•nl8 or8 $Lth?quonly carrfod •1 amNls•d cosl, th• •ff8dvo inl•rg$1 fOtg m?thod. Page 39
Comp•ry R•gl•t•r•d Numb•r. 05J72370 (Enuland •nd W•l•sl Chrlty R•qht•T•d Numb•r: 1111263 8•rnord Lmrh (8t I•> Urnlt•d Not•• w ih• Fln•ncl•l 8t•t•m•nts (¢ontlnu•d ••maTd L•o¢h18t fv•sl Tr4MI Llmlt•d Judg•m•nts In the applcaJM of the CharflY8 gC4>)unlng polklo8. Ihe tsu81è6s ttr8 r8qu•d lo mak8 Wgaménta, è$lim8ts8 8nd a8BUmp0n$ Èbout th• Lrying omounl ol a88•t8 end hb1li1108 Ihal ar• nDt re8dlly Jppar•nl from othw sourc08. The wllm•l•8 •nd as11•d assumpllons are basod on hlslorkal •xrf•nc¢ ond oihgr I tho1 thinsld•rnd l) b• rolmnL Aclu•l Teoults dlff•r fmm ND ludg•m•nl• from Iho#e irNOlng 05M10S) havo bo•n mado In tha PID4$8 Ot th• thbovo a¢xountlng polkl•&. Th• MUM• and underfn9 aHumpdon8 or• rovhw•d on on on901r b•. RevlBlon8 to Accountkng •gknAI•8 r•cogThlsqd In th• pa0d kn whlch lh• •stlrn8tè Is rèviBad whor• ¢h• r•vl8lon alloct6 t)nty Ihot porbd, or fin th• pe0d ol the r•vbslon ond fubjrn p•rbxlB wh•r• Iho rovSth •lfe¢ts both cuThgnl •nd fubJf• POrtod6. P•nslon eo•ts and oth•r post4•tlr•m•nt b•n•ftts Thg eh•rftobl• tt4nyny operAlg# a d•flned conlrlbullon p•n8lDn ÈdwmD. Contrlbullons pay•bl• to th• ¢hiit•bl• COMny,& p•nilon sch•m• ar• charg•d to th• 5th1èm•r)t <rfFlnanclo1 Acllvlllej In lh• porfod lo whleh Ih•y r•lal•. TRU8TEE8' REMUNERATION AND aENEFIT8 Th•r• w•r• no I¢••$, r•mun•rnUun or other bgn•fil• loi lh• y••r •nd•d 31st Mireh 2024 nor for lh• yuv ondod 3181 March 202& Tru#1. •xp•n• Thpre wern no tw•l•••' •xp•n•e8 p•K1 In ygw end•d 31•1 klarth 2024. In th• y••r •nd•d 31•1 Mh 2023 tha lollowmg Oypen w•r• r•knbuTr•d for •tt•ndlng meollngs: J D•l•bo £156. G Typ £135. R EwthoarnaS £554. STAFF CO8T8 2024 IDZJ W•gM •nd Ml•rtM Sod•18aWrtty 11* Penlkm o)it• 417.844 28,240 8.082 454,188 305,035 41.347 10,425 417.407 Tho tolal 4v•rno• monthty numb•r ol ompbyom durfng lh• r•portln9 P0dI$ a• follow8: Group ¢horfty 2024 No. 2023 No. 23 2024 2023 Mo. 18 16 Th• numb•r ol •mployM• whom •mploy•• b•Mfits l•xciuding •mpkny•r P•nOn +$1$) •xc•ed•d £80,000 wa8.. nll Tho pen81on &78t8 chuge r•pr•sènt8 conlrfbutlorb• p•yabl• by th• grtyjp lo thè lunda and 0¥nI•d lo £8.082 {2023.' £10.42SI. AI 31 MJr¢h 2024 £2.13616 owed lo tho pan81on $eh•m•12023.' nil). NET INCQMEI{EXPENDITUftE) Th• n•1 InvJmel{expondlurnl ital•d •ftw ch•W9MgQ¥8d1tingI.' 2024 2023 D•predaon of tgNJilJl• fuvd A88el8- owned asB•ts Au0S rnmunerntton Antency 4.070 i0,9C) 7,212 In¥Mffii•nt In¢om• 21124 2023 Depo811 a¢count Inlor¢8t 43 438 Page 40
Company R•glK•r•d NuMb•r. 05372378 leTrgland •nd Wal0•1 Ch•rfty R•ght•r•d Numb•r: 1111203 8•rnard L•4ch181 Iv•sl TnMI Llmh•d Not•s lo the Flfionclal Stathm•nts {¢onilnu•dl Forth• Y•ur End•d 31 Mah 2024 OONATIOM8 AND LE43ACIE8 Group Charlty 2024 2023 2024 2023 Do#nllon• Grants 3.938 248,872 243 095,807 20.721 246,872 995.807 Oront• thludèd In lh• 4bDv• •r• •• lollowi.. aroup Charlty 2Q24 2023 2024 2023 Art• coun¢ Erffjt&r NPO Comwall CounrAI Notbnal Lott•ry Hortthg¢ Fund Oth•r 150,000 768.808 80.116 8.885 40.736 180,230 25,90 150.OfKJ 708,806 80,118 8,885 40.736 180,230 25,908 FINANCING CO$T• fjroup Ch•rlty 2024 2025 2024 2023 eank and ilmllar thafQ•i 278 197 197 382 TAXATION 8•rn&rd L••¢h18t Iv•*l TNIt Llmlt•d No lobllty lo UK wFpor•Won wx on orfln•ry actfvitl•• lor th• ChArtty for lh• >•Ar •nd•d 31 M•rch 2024 b•caU of th• Chabl¥ 4t•tu¢. 8•rn•rd L••¢h Ent•Tprls•g Umlt•d Th• dIng 8ubsl(hdry. wary ¥ublxl lo UK ¢owira¥on t•x. Thor• w&• no tax chofgo In Ihe yY•r as thg proflts hav• b••n dljlrbbuted lo th• par•nl chirfty. O•f•w•d l&x l• M¢ow16•d In ol •ll Umkn9 dIN•r•r•S I¢ h•v• orlgln•t•d bul not rnV•rn •t th• 8l•t•m•nl ol fknancl•l poNttk>n dat•. Tlmlng diif•r•nc•s fvorn lh• Indwton of InLm0 and axnI•• In tax a8wi$m•nti In porfod¢ dlfferont from Ih¢¢o In whlth Ihoy org rgcognlBed In Ilnanclel sl&lem•nt8. Dof•rw8d m¢osuiod u$lng tsx ral•$ 8nd 18w6 Ih•l have bo•n enaclgd or BUtnI1¥• eng¢l•J tsy the year •Thd that or• •xpKl•d to •ppty to the rov•rs•l ol ih Ilmlng drfl0rc•. Page 41
Company R•glsi•r•d Hrnb•r. 05372378 IEnglAnd and Wal•# ChaTIty R•glsi•r•d Numb•v. 1111263 B•mird L•a¢h l¥ts) Tnmt Llmlt•d Not•s to th• FI4¢1•1 Stsl•m•nl• l¢ontlnu•d) For lh• Y•Ar End•d 31 2024 10 CHARrrAIILE A¢YNITIES EXPENDITURE 2024 2024 2024 2023 Fun Tradlno octlvlll¢$ Wago6 5alarf Soclal o•uJrtty Pon•kn8 Martellw and d•v•lopm•nl Co#t of dlrect ch&rllobts •cll¥ltl•• Educ411on progr•rnm• Mu8ourn gxponB•8 130,452 7,S17 2,329 13,941 1.302 20.033 21.948 1,347 441 152.4fy) 124.270 6,956 2.284 7,207 47.167 40.412 2.770 13.941 16,302 55.033 15.fy)O 35.000 Support co•ts W#g•8 And •410 Sodol 8eCJJrtty P•n8lon6 Pr•ml8•8 eo811 FIn0n e48th 0Tro co Pfofeuloml eo•t• Sunrltl• lry•cov•f•bl• VAT 80.¢J)7 7.088 1,936 81.79 278 17.$20 833 S.307 80,007 7.068 1.936 85.129 278 IT.520 633 $.307 75.045 8.873 1.850 9.250 197 12.381 922 3.425 3.333 197878 lJov•m•nc• eo•ts Auditorn r•mun•rqtA A¢¢ounlanoy 6,950 4.0) 7.610 8.189 10 Th• abovo flgur•8 rolata gololy lo B•rn•rd Loach ISI h8} Trull Umtted. All •xp•ndlturn IrKurrnd by e•m•rd Lga¢h EnteTprfuoB Ltd l• Indud•d In cotslB of geneT•llng lufids a8 c4Jmmercl•l tr•ding op•rotlons wtthln lh• oJnsolkl•t•d •tst•menl of fmancial actlvlllos on p•g• 11 INCOME FROM CHARITAILE ACTivrriiB Oroup 2024 2023 as restated Vnr••trletsd fvnd Educallon. tralnlng and m•lnlainlng mu6eum Enlrane• f••• EdUtk proorommo 41.9e6 107,678 3S.388 132.452 149,682 167.840 Paze 42
Comp•ny R•gl•tar•d Numb•r: 05372378 IEngl•nd •nd W•h•l Ch•rlty A•gt•l¥d Numb•r: 1111263 B•rnard L•oGh18t I•) Tryst Llmli•d Mot•s to th• Plnuncthl Sfat•m•nls Icontlnu•d) For th• Y•or End•d 31 M•rch 2024 12 TANGIBLE PIXEO A88Ef8 Group •IMidln hlrnry COIT OR VALUATION Al 1 Aprfl 2023 Addlllon$ 330,rKK* 882,770 38.937 19.741 D1•pO At 31 M•rch 2024 1.212.770 38,937 19,741 DepRECIATION Al 1 Apnl 2023 Dtspo8018 Ch&ry fw year EllmlTral•d on d1•P•1 Al 31 M•r¢h 2024 30,$53 35.440 19,741 3.333 NET BOOK VALUIE Al 31 Tch 2024 17 At 31 M4f¢h 2023 ¢onwl•r C08T OR VALUATION At 1 2023 Addllloni Tion4f• At 31 March 2024 6.386 395,064 882.770 127T8 DEPRECIATION Al 1 Ap 2023 DIsp08018 Chargo lor y•4r Ellffllnotèd on dIspol At 31 Marth 2024 8,230 91,970 3• 4.070 NIIT BOOK VALUE At 31 Morth 2024 117 1181 794 Al 31 Mah 2023 156 Page 43
Comp•ny R•qlst•r•d Numb•r.' 0537237816ngl•nd •nd W•l•sl ¢harlty R•ght•rnd Numb•r: 1111283 B•mard L•a¢h18t lY•Tr Trnt LOmlt•d Not•• to lh• Flnan¢lal 8tht•m•M• (¢ondnu•d) For ih• Y••r End•d 31 M•r¢h 2024 12 TANGIBLE FIXED AssEf8- CONTINUED charlty Pthnt •nd 11111 CO8T OR VALUATION Al 1 Aprll 2023 Addlllon8 At 31 March 2024 330,ts)0 28,457 19,741 1212 770 DEPRECIATION Al 1 Aprm 2023 Chaw4? lor yoar EMInated on dknpoul Al 31 2024 30,553 3,333 28,4S7 19.741 NET BOOK VALUE Al 31 March 2024 Al 31 M•rch 2023 CoW•r COST OR VALUATION At 1 Apdl 2023 Addrth)na Dolp018 Al 31 Marth 2024 5,218 381AIO 882,770 DEPRECIATIQN Al 1 Aprfl 2023 Cherp for yo•r At 31 March 2024 6,218 81.989 3,333 NGT BOOK VALU At 31 March 2024 At 31 M•rch 2023 Incfud•d wothln lh• n•1 book value ol Land & BlI(nal abov• h £298,114 (2023: É299.447) rapr•sanl•d by Long L•aMhold Pro Page 44
Company R•ql•t•r•d Numb•r: 05372370 IETrgland •nd Ylah#l Charlty R•glst•r•d Numb•r: 1111263 B•m•rd L••ch Isi fv••l Tru•1 Llml¢•d Notss to lh• Flnanel•l 8tt•m•nts {contlnu•d For th• Y••f End•d 31 hlarch 2024 13 HERITAGE A88ET8 Oroup Ch•rlty Tot•1 PAARKEf VALUE At 1 Apdl 20Z3 •nd 31$1 Morth 2024 NET BOOK VALUE Al 31 M•rch 2024 Al 31 M•r¢h 2023 Herfl•ge qmets of th• GhariV8 owm coll8ckn of p)ttw•d goods and 0th8r mUM èxhilAts 14 FIXED ASSET INVE8TMEIITg Chor Shir•s In group und•rtoklng AI 1 Aptl12023 6nd 31 Merd12024 NET BOOK VALUE.. Al 31 Mw¢h 2024 Al 31 M•feh 2023 Thts woup and thv o)rnponYJ Inv•thents al tho 814Mort ol fin•ncld poth th1• In Iho 8h•rn of c¢mpankns trKludo I lolknwkng.. 8ub•Sdliry: Bemard L•ach Enl8rprl8•8 Lld Company nL•rnb•i: 05965856 IGngl•nd and Wal••l Naiur• •f builffi•ii: Trndlw 8ubJldlory In tho UK Cl••$ of •har•A'. Ordkn8ry •har•• % holdlng: 100% Addr•8s: L••ch Pott•ryi HIAh•r St•nMelt, 8t Iv••, ¢ornw•ll, TR26 2HE 2024 2023 A99rtyalo e•pfial ond rn8•MIS Profll l (Lou) for Ih• 5.117 Comm•rcl•l Tr19 tlY{tI• ol Subsldlqry The h•8 • wholly ownod Ir•di19 subsldlary, B•m•rd L••ch Enlwpri8•5 Llrnltod, l• In(x>rpornl•d Sn lh• UK. Tho prfnclpo14thlty l• that of lh• rnanuladurn and whd•s•l• ol ptsll•ry thnd ut8odAtwJ goods. A 6ummAry ol Ils f•$uII• ohown Pase 45
Comp•ny R•glst•i•d Numb•r: 05372378 IEngl•nd and Wal••l Chathy R•qlst•r•d Mumb•r: 1111263 B•rn•nl Lch (81 fv•*l Trnll Llrntt•d Nol•g to ih• Flnon¢l&l Stat•m•¥ts <condnu•dl For th• Y•thf End•d 31 March 2024 14 FIXED A88ET INVE8TM8NTS- CONTINUED 8umm•ry Pr•flt •nd Loss A¢¢ounl 2D24 21123 Turnov•r 198. 1143,9031 {ie.4171 125.5261 208,34al (151.014) 114.4211 120,1261 Colt ol 6•1 018tributlan AdrnfinoBtrthl oipJn8•1 Olhor oporntlng IrKom• TIX on profil Profll I ILOM) for tho Inandal y•ar 8,70S 18.784 Th• 8•t1 knblllll•s of wbBhJlary 8131 Marth w•rn'. T•ngSble a81 CUnt assots Cr•ditorn.' Amoun18 l•Klng du• wllhln on• y••r Prov1•kl lor Il•blllllo• 2.910 3,647 00,521 {84.1671 178,8831 Tol•l not IIAbbllll•i 5,117 Sh•r• e•pknl Aggr•g•t• 6.116 5,117 Th• Mlulli of lh• BbaIdIary hov• boon o)n8olkl•lod Inlo th• group Ilnw¢l•l 61a¢•monl•. 15 8TOCK8 ¢roup Ch•rlty 2024 2023 2024 2023 Shop Stock Whol010 •to¢k 12,284 14,152 12.284 14,152 Non• oflh• •bov• 0k h•¥ b••n pledgod as 8aCUrtty ao•ln81 •ny IWiliU•¥. D50TOR8: AMOUNTS FALLING DUE WITHIN ONI YEAR I}roP Ch•rlty 2024 202J 2024 2023 TrAde d•blor6 Amoun16 tsd by group undertaklno8 VAT Other debtors PrOpoymts and aeem•d Inm0 170.009 54,231 151.Z20 32,806 54.013 3.737 12S 228 188 228 188 314 807 170 009 Pa8e 46
Comp•Dy Rogithrnd Numb•r: 05372378 IEngl•Trd and Wal•s) Ch•rSty R•glsl•r•d NUM. 1111263 B•rn•rd LMch18t l¥••l T1 Umlt•d Nots8 lh• Ifinanclal Sl•t•m•Trt• {¢ontlTru•d For th• Y••r End•d 31 M•reh 2024 17 CRFDrroR8: AMOUNTS FALLIMG DUE WITHIN ONE YEAR Charlty 2024 2023 21124 2023 Trad• L¥odorn Sodal 8•wrlty ond other tax•• VAT Oihèr r•ditor¥ and dj0d thn0 37.773 10,477 4,IM)7 2.138 102 g27 8,233 5,007 19,034 3S.820 8218 6,124 5.007 13.139 18 aMARS CAprrAL Tho Charflobl• C¢mpany18 Ilmll•d bygUVBntee and dom Mt h•v• • 8h•r• P)Ill. R68ERVE8 aroup Unf••irlethd RMiikt•d R•s•rv•• Total Al 1 2023 R•In•d •luS I Id•n¢ill1oT Iho year At 31 MA 2024 574.920 10S42S 486.743 1.Ckll.063 Ch•rlty UnN•trtct•d R•Atsl¢t•d R••rv•• To¢•1 At 1 WI 2023 R•tath•d •urpfu$ l {d•fflcttl lor tho ywr At 31 M•r¢h 2024 574,920 480.743 l.CI1.883 1395 481 Inctud•d wlthkn th• Abow r•¥oMs: Page 47
CuThpmy R•gl%lw•d Ilumbw. 05372378 l&wland ond TlaloJl Chwty R•qlst•r•d Nwnb•r: 11112fj3 8•m•Td L•u¢h18t Trusl Umknd Notstoth• Flnond•l 8¢•t•M l¢onthiu•dl Forth•Yw End•d 31 IAar¢h 2024 &INY818 OF OROUP NEfAS8Ef8 BETEN IIESTrICTED FUMDS Gmp•nd Cl HLF R•slknie• Lmeh 110 tfvnd Belanco el 1 2023 Incomo Exp•ndit BabAnc• fjt 31 Ntsieh 2024 142,rJo 828,5 13.736 7111325 Deblors Bank 13•n•rAI Re•trfct•d PIPO 2023 Tothl RMtrIGt¢d Funds Bdonc• al 1 Awll 2023 Incarn Eyndilur Bolanc 1131 M•rth 2024 299.447 48e.743 .807 180,t 296.114 I,Cth,439 150.058 1C#),C 8Ank Tothl fund• fvnd• fundt Group Balanw al 1 W 2023 Ino)mo 488.743 go5.7 5Y4.gXI 715299 820.724 I,1,883 1,701,11XI B•l•nw al 31 Mweh 2024 T¢)tsl lund$ fd$ Chortty 841¢ 1 2023 486,743 985.W7 574.920 1,Cfj1,065 1.588.853 Balance at 31 M•rch 2024 1395481 G•rvx•l R••lrfct•d: R•itrlctwl fvnds are to be for SPle pwpoM8 48 bylhè ¢knor. HLF Ros111gnL'. ProwrfThJ Pott•ryftt ts n•t 1CQ yw8. This prus•ct IocJJse8 nlIj w Irorn on thatls lust g•tIr W fwJs1rwJ bolendrKJ m8rwqthg ArAty. toAn ¢fgardsgtion fillodtslu8k to w C•nt•rw•brI In 2020, ¢wYJlry lo a rmlel b8S•J An a1•r forAMd thty ar lo MI tyJrt¢lv•8 up an •mblUcw Iw-i•rn r•s11I1rn. W• kjentlw 2 keYar lor knvoBtrn•nL' Aud1•7 Dwel0tAa euglnB6s D8vg10nI thDI requlro oknmal 01•6slon81 •yrtE80 pSritylh8l tAiM onAtle us to athlève L'thB. Thgy are link and fcojs on aUdnc• Page 48
Cryny R•st•r•d Mumb•r: 05372J7Bl8nulmnd Waknl Chwlty R•gtst•r•d Nwnb•r'. 1111263 knard L•Ach ISI Umlwd Not•• to th• Fln•ndal 8l•t•m•nM IMniEnu•dl For lh• Y•llr End•d 31 M•r¢h 2024 ANALY818 OF GROIIP NET A88EYS BETIIEEN RESTRICTED FUN CONTIMUFD Leoth Ic.. C•l•brntlno • C•ntw ofln6phllon aThJ Exd Leoch IB bykn MurKJI ETrJlond, CAiMvl CKAA41. GB Sawkm, Garfield Woth Four¥J•ll0 Iwoliand ol thl$fund18 to •ll• Into • koyL¥JmMaM•t. Th& pLwpot• ofthl# fund 10 8UprI 4 progrwnm•d arJ¢fa for I1r1 ¢xNnnwnlty. NPO 2023.2028 Th• PLWPOe• dthl• fuThJ l• lorvKrfk rdallrvj to Iho Nthnol ProWdk futxllJ roc•i¥wJ. 21 AS$ULT8 OF PARFNT COMPANY SOFA ar Inc¢m• Wtur• Ihb wrenl dwltAt>k• c¥ynp•ny li w•8•nt•d 40 Ihgw finoncl etot•m•nl8. Th• p•MI ¢h•ltsblo compoW8 8urWu$ for th• finarKJ 81 w4B £798,19712023: t128.$481. Th• èx•mptlts) fthf•ff•J ty Iho CnpanIO1knt Its bolty rnlb•d (. FIIWICIAL IN8TrUMIENT8 Th• nI01 the grrf• flrMrKW IMtrumwt• •r• u fkn.. 2023 FIn•lal •M•t• thot IMINMlI m•wJr•d 41 0mLtId 1. - Titth dobt(n Imlo 151 . thr debtorn {not• 15) 170.C 9.2S1 125 Flnandal IlalA11I m•a•wl •1 wntxll••d ¢08t', . Treda (xethlor8 (r 18 37,m Charlty lwryI wTh¥Jnlol lh• crtlS financld MNm¢nt• •• fr41M'. Fln•Mael •8uots Ihftt ar• d•bt In•Irum1& IrsUr•d 81 en11•1 (¥xt. . Trad• dgblc(s (r0 151 . CYth•r detknr81Th)t8 15) . ArffAmts (Mtd by grwp undwlakJTr¥J (nol• 16J 151.220 125 54,013 215, . Tr8d• uethkrf8 Incé¢ 18 18,701 18.701 Page 49
Cornp•rhy Raqlslor•d Numbw. 115372378 IEngland and Yl•lMI ChArfty Reglst•r•d Nurnb•r: 1111263 B•rn•NI L•aeh181 I¥) Tnmt Urnlt•d Noth• ¢0 th• FIMn¢lal siat•m•nt• IG¢nllnu•d) F¢¢ th• Ymr End•d 31 M•rth 2024 ftECONCIUATION QF NET INCOIAMQXPENixfuREI TO MEfcASH FLOW FR1 OPERAIINO ACTMIIES 2023 N•t Incom•ll•Xp•l forth• rnportln9 pw th• tai•m•nt ol flnanelol otthttl•#) 803a13 4,070 (1,928) 111.Eth) 11235 126.548 7212 14371 {IncrnAs8ydwma8e kn 8loc8 (45ni 14.175 84.1eo InwWdwJo88•1 In u•thtor• N•t coBh pro¥ld•d ty {us•d Inl op•r•tlry actlvltl•A ANALY81S CF CA8H A)ID CA8H EQUIVLElIt8 2023 Cash In hfin C•sh al hnk Tot•1 •h r#1 oalth •qul4•l•ni• 1,053 1.311 675,318 RELAIED PARTY ClaCLO¥URR8 Control Th• Tru•t••4 ddall•J on w 2. lImIta (lId. Tran10Th$ ond a•l•no• Tho fdl(MlrrfJ tr•MaotJoM OVAwr•d bgtrAwi L¢4¢h18t h6) TMt Unth•d oTrJ L••rth En15 Umlt•d, a tY 8ubqklkny. 2023 ¢hary• Iw+Jrn B•mwd Loh ISI fv•&l Tnxl Lknlt•d to e1 L¢oth E•0$ Umtted n firfnp rochorgo8 fmm e•mwd L•oth {SI IvoslTN•t to B•mard L•Kh entwwl••B UmlbJ AcwmrTh>tslon i•rtfrcffi B•m•Td L••ca 1st TN•t Llmltod b Bomwd L•Ath Ent•rFd8M Umllod UM ol mourc•• rhargwJ frcffl 8omArd L•& Erthprfw Umltsd to 8•mard L•th {St IVMI T1 uted Sql¢ ol for r• from B•mwd L•K Er•art Umlt•d kn B•rMrd Lh (Sl I¥) Tnt L110 C%)natkni of ftom Be[d L•ath Lttl ID Bemord Lch (Sl I¥>Trtl Limil•d 18.CQD 18.IXrfJ 18302 13,thJ 40D 120Q 42,819 52.081 At IM 31 2024 Bernard L•Aeh Entèrprk8È Llmltad owj £61, io Èwnud L••th ISI l¥•sl TNSI Lknl•d (2023.. .013). Th18 bRlorK• Is M¢urj •ThJ r•19 ffidwnaroj. No Int•rgd chwged. Totsl donoU(ww rnad• by kn iho yJar £0 (2023: eo). K•y Alfjnw•m•nt PIrn•1 Th• chftrivs èyfftanwenl In the r rth)pth¥ the Poltery Dlrector onty. Th• 8gor•g8t• ol k•y rn•rwenl Pw811 Sn tho or £54.5rJ. PRIOR YEAR}JuSlE fyuroB b OMJ0d lo rwi580 a Cf•knlor Irrecovwablg VAT of£3),052. £7,717 Oltho th•rg• h•s rwrd8•1 T ended 3181 lknrch 3023 Ihg rom•lty £12.335 to C•rnFwAtr48 flgurn6 hgv• 8150 In Amendod to grBnld•tloT ol £g).(VJ Th16 th04ffod ollwo• the In 2023 doblorn ty EXI.OCQ. tho effect ol•llmlwtingth8.771 of woup iTrxrno ar •xpwtur• rwthvdyon thwltd&lion. Page SO
Company R•oS•l•r•d Murntmr. 05372378 IETrgl•nd and Walm) Charity R•gl•t•r•d Numb•r: 1111263 B•rn•rd L•a¢h18t Iv•s) TnMI Lthilt•d Nol•¥ lo tho Fln•nclal Slatsmonts (¢ontlnu•dl For th• Y•ar Ended 31 Morch 2024 COMPARATnie 8TATeMEMf OF FIt4ANCIAL ACTivmE8 FOR ThE YEAR ENDED 31 MARCH 2023 Unr••lTlcl•d F¥nd# 2023 R•strfel•d Fund• 2023 Total Funds 2023 TotAI Funds 2022 Inoomlng R•wurc•• Domlknj •nd knga¢l•• DonaUon• i•e•fv•d Gmnts chalabl0 acllvllle8 Edurallon. malntalnln9 mourn Actlvlllo8 lor g•n•rathig fund8 Cornm•rclal tradlno op•r•Uon8 Olhef trothng •¢llvltle8 Inv•slmgnl tho)m• 3,938 70.736 3.938 248,872 2.937 175.848 178.138 187.040 187,040 138.8e8 190,344 403.353 438 190.344 403.353 438 2S3.326 392,342 1,588 TOTAL INCOMING RE80Uft¢U R••avr¢•• Exp•nd•d Tradlno •clb4tt1•8 Ch•rtt•bl• dlvllkn• Support eO8t• 337.889 230,595 175,927 88.922 426,811 230.595 179.280 603.708 240.940 184.792 3,333 N•¢ Inc4mlng r••oure•8 avaknblo for th11&>10 •pplIlIon 111.438 83,eai 195,319 33,471 eolqnc• bugh1 foM•fd al 1 Awll 2022 8818n¢ c•rrf•d forwa •t 31 2023 862,253 372,882 935.115 901.044 Stot8rnent of F5nArKl•l Acli¥lllM Incwor•l06 Ihe Incorne ond exptsndllum #c•18. Th• r•#ulh for lh• yr d•dv• Irom cononulng •cllvlU•s and Ih6r• ar• no olh•r Ih•n Ihow sh¢)wn bDvo. CAPTIAL COMMITM%NT8 A8 al 31 Mar¢h 2024 lh• Charfty h•d Mpihl o)mmllm•nl• of £133.080 In r•l•lknTh to lyJ1g tor lh• C•pllal Oal0pM•nI PftJl•ct. SECURED DEBTS B•maid (St Iv•sl Trust Ltd has glv•n ¢Uty to Comwal Councll byw•y of • flx•d ¢haffw ol th• propty MpanY in rolation lo th& Granl r•c•fv•d In Ihg Or Ihg Gopllal develownonl prolod. POST BALANCE SHEET EVFNT3 Th• 88agl8 CrDSE bulldlng waB lully dorn0li•h•d loHowlro Ihfr yoerwond, to fadllet• eornphlSon of tho now buitdlng work$ 0$ parl ol I C•pllal Oevelopm•nl Prol•cl. Page 51
Comyny R•glit•i•d Numb•r: 05372378 {¥nol•nd •nd W•hs) Chailty R•gls¢•r•d Numb•r. 1111263 B•mord L•a¢h t l¥••) TN•t Llmh•d c011d•d Inm• thnd Exp•ndltur• A¢¢ouni Forih• Y•ar End•d 31 March 2024 2024 2023 •• r•xtat•d TUftNOVER Salg• Otsn•llDn• Grnnti 152.734 7.289 985,807 403,708 1.928 41,988 154.403 248.872 369,803 438 Tw•t Iredlng O•po811 a¢kvJunt Int•r•¥l Entrqne• f••8 8oagl• Cro$¥ Incom educ411on progr•mm• 107,e7e 132.452 1,701,1 983.214 TrndlThg ollvltt•• Sub•hll•ry tradlrwj cosls Co8t ol 108 Wfio and •4l•M Soclal ••cu IS1.158 204,542 71.968 3.671 1.027 105.9 240,8T7 76,8e4 3,197 923 Ponslong 432,364 1,268.742 426,811 836.403 GRO88 PROFrr Ch•rttbl• •oilvttl•s 152,400 124,289 Sccl•l P¢n81on6 M8rk•lthg Ind aUd1•n d•¥ Cost of dlr•d ¢horllabl• oct EduczlSon prcwamme Mus•um 2.770 13,941 15.102 55.033 8.491 2.284 7.207 45,987 40.412 3.460 258.801 1,012,141 230.595 EXPENDITURE WogoB qnd •al•rf•i So¢l•l SOJty Ponolorw Premlfy•• Fln•ne• •18 80.007 76,045 6,873 1,850 69,250 197 1.938 85.129 278 17,520 633 5,307 12.381 Prof•8s1¢al tt111 Sundrf•s 3,425 7,717 Irrocov•rnbl• VAT Audltors. Trmwi•r4llon Ac<ountaney 6,950 4.000 1,800 208.828 179.280 SURPLUS FOR THE YEAR BEFORE TAX 803.313 126.548 Page 52
Comp•ny R•gl•i•T•d NuMl¥•i: 053723T8 (Eryland Ind Wal•#) Ch•rlty R•glst•r•d Numb•r: 1111203 B•rnard L•a¢h181 Iv•sl TNst LOrnlt•d Incorn• and Exp•ndiluT• Aecovnt th• Y••r Endod 31 March 2024 2024 2023 •• r•xt•t•d TURNOVER Donallons Grant• TNBI tradkng Dop0 scvjunl Int•rnJl Entr•n¢o 1001 B91• Cro80 0M• Edu¢aUon progr•mm• Man•geM•nl fq•• los8 985P07 422.000 1,926 41.988 400 107.87e 18,000 20,721 248.8T2 403JS3 437 35.388 1200 132.452 18.IXJO 1,S88,853 858.423 Trndlng •ctlvltl•• Cosl ol Ml•i 247,161 71,988 3,e71 1,027 240.875 75.864 3.157 923 So¢lal t•uJilty P•n81on• 323,827 320,819 GR08 PRoprr Ch•rft•bl• •clfvhl•i Wag•s •NI Ml•rf•s Soclal s•eu P•n$lon$ Markdng and #udlene4 dov Coll ol d111 ¢h•dlabl• •ct Eduoolon wogramme Mu8•um 1S2.41JO 124270 6.95e 2284 7.207 47.187 40,412 3.480 2.770 13.941 18.302 65.033 8.491 257.801 257,801 231.796 -231,796 KXPENDrruRE WAg•i sal•rb Socl4160wrlty P•nslon8 Piernl••i CJsl* 80,007 7,088 1,936 85,129 278 17,520 633 5,307 7S.045 6.873 1.850 89.250 197 12.381 922 offl¢0 ¢0818 Piof•Mlong1 51& Sundrlos 3.425 7.717 Irr•COvAbIa VAT Avditorn. romunw•tkJn AUnIon¢y 8,950 4.000 208.828 179,200 SURPLUS FOR THE YEAR 798,197 128,548 Page 53