Company Registration number 04764003 Charity Registration numb8r 1112920 Harvey's Foundry Trust Accounts 31 May 2022
Harvey's Foundry Trust Report and accounts Contents Page Trustees, report Independent auditor's report statement of financial activities 10 Balance sheet Notes to the accounts 12-18
Harvey's Foundry Trust Trusteos, Rèport for thè yèar ended 31 May 2022 Company Informatlon The Iruslees present theii rèport and account$ for the y88r 8nd8d 31 May 2022. R•f8ren¢e and Admlnl$tratlv& Infomiatlon Charbiy name Hatveys Foundry Trust Cotnpany R8glstered number 04764003 Charlty Reglsl•red numb8r 1112920 TTUSt885 B Capper- Chalmi8n- nomlnated by Hay Town Coun] D J Pollard- èlected S M Runnalls Thoma5- etecled B E M eiomley IresvJned In the yearl N Harvey. ele¢le J Bennell- (deceased May 20221 R H Lello- elèclecl K J T RKkaid- Èlected R Moilon- elected J Lloyd-company secretary elected C Quick Irospan8d in Ihe ye8rl Pèlei Channon- nominal8d by Cornwall CouncH1n th8 year sievè Bennoy- nominated by Hayl8 Town Councll In November 2021 Sharon Johnson- eleoled (appointed July 20221 HerltagD & Buslness Manager Laura Walton Audltots Crane & Johnston C&J Ltd 332 Trèbatwith Cr8SC8nl Newquay Cemwall TR71DX Banke BarcLqy8 Bank Pl¢ 8- 9 Matket JEW Slieel Penzan Comwall TR18 2TW Sollcltors GA solat0[s 25 Lockyer Slreèt Plymouth Devo PL12QW R8glsler8d offlcg John Harvey House 24 Foundry Square Hay Cornwal TR27 4HH
Harvey's Foundry Trusl Tru8te85' Report for the year ended 31 May 2022 Governlng Document The organisation is a charitable company limited by guaranlee, incorporated on 14 May 2003 and registered as a charity on 3 February 2006. The company was established Ltnder a Memorandum of Association which established the objects arkd powers of the charitable company and Is governed under ils Articles of Assccialion. In the event of the company being wound up members are required lo contribute an amount not exceeding £10. Recrultment and Appolntment of Management Commlttee The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, Directors elected by the Members of the Trust serve for a maximum of 3 years and are subject lo retirement by rotatlon. Nominated Directors serve at the discretion of the nominating body. Members, entitled lo vote at General and ExlraDrdinary Meelings. comprise.. il the subscribers to the Memorand(Jm ill the appointing bodies iiil such other persons or organisalions as are admilled to membership in a¢cordance with the rules made under Article 61. Diretttors may apply lo be registered as Members and all have done so. All Members will be circulated with invilallons lo nominate Trustees prior lo the AGM advising them of the retiring Trustees and requesting nominations for the AGM. New Trustees will be invited and encouraged to allend an induction and Iralning session lo familiarise themselves with the charity and the context within which it operates. These are jointly led by the Chair ol the Board of Trustees and Heritage & Business Manager, of the charity. New trustees are provided with a pack conlainlng information covering the following.. The conlenl of the memorandum and articles of assoGialion. Sel of renI board papers and minutes and dates of next meelings Annual reports from the previous year Operating documents
Harvey's Foundyy Trust Trustees, Report for the year ended 31 May 2022 Rlsk Management The Board of Trustees has coruC(ed a review of the major risks lo which the charity is exposed. A risk register Is belng drawn up and will be updated at least annually. Where appropriate, systems or procedures have been established lo miligale the risks the charity faces. Internal control risks are minimised by the implemenlalion of procedure5 for aulhorisalion of all transactions and projects. Procedures are in place lo ensufe complian¢e with Health and Safely of staff, volunteers, and clients. Organlsatlonal Structure Trustees meet quarterly and are r88ponsible for the strategic direction and policies of the charity. Currently there are 11 Iruslees, Objectlves and Aetlvltlas The eharity's objects are.. lo promote the preservation, protection, development. improvement and education for the benefit of the people of Hayle, the county of Cornwall and the nation, the natural, historical, archileclural and conslrucl*)nal heritage, features, objects. colleclioris and projects of historic and publia inleTesl, including buildings (as defined in section 336 of the Town and Country Planning Act 1990} of parlicular beauty or hislori¢al, arch11eclural or conslruclional interest. Our main activities in support of our charitable obje¢tives for the year ending 31 May 2022 were.. General Trust actlvities A new Estate and FaGililits Officer was appointed on a permanent contraGI in June 2022. We had a number of units become available as the three year lenancie8 came up for renewal from February 2022 bul by June 2022 we had full occupancy. Hayle Herltage Centre We look back the ground floor of John Harvey House and ran a exhibSllon called '24 Foundry Square. with associated outreach aclivilies. The exhibition has been a great success and saw over 500 through the door. Unfortunately due lo the structural issues al John Harvey House, w6 have bèen unable to open up th9 full centre, bul we have been running outreach activities including guided tours and talks. Our volunteers have also been working behind the seenes on the collection. We updated and launched a new Millpond leaflet - creating a family friendly walk around the nature reseive with fun faels. We oonlinued with the John Harvey House project, procuring a project team comprising of Thread Awchilects, Trevor Humphreys Project Manager, Richard Gowan as structural Ènginèer with key Trust staff. Using a £33,000 grant from the Architecluial Heritage Fund w6 have completed Investigations into Ihe Slruclural issues these have included drainage surveys, ground radar surveys, opening up of the building at key points and the digging of trial pils (All the work has been oversèen by Cornwall Archaeological Unill. We are now in dSscussions with a range of ftjnders lo further develop tho project and obtain capital grant fundings.
Harvey's Foundry Trust Trustees, Report for the year ended 31 May 2022 Flnanclal revlew The charity had an ov8rall deficit of £14,077 for the year ending 31 May 2022. Of this, a deficit of £7,590 relates lo reslricled funds which mainly represents the depreciation of fixed assets, Unrestricted funds has a deficit of £6,487 during the year. Reserves Policy The Trustees have examined the charity's requirements for reserves in light of the main risks lo the organisation. It has established a policy whereby the unrestricted funds not commFtled or invested in tangible fixed assels held by the charity should be 6 months of the core costs plus loan repayment cosls. The target is £91,000 in general funds. The reserves are needed lo meet the working capital requirements of the chaiily and the Iruslees are confident that at this level they would be able lo continue Ihe current aclivilies of the ¢harily in the event of a sionificanl drop in funding. Publlc Benelit The Trust's core values (public benefits) are.. Regeneration, Educallon and Conservation. We fulfil those values through a variety of mechanisms.. Using history as a basls for community cohesion ar>d giving Hayle's residen18 È sense of place. Protecling and promoting Hayle's history, thus encouraging a cultural tourism. Working with all five local primary schools, Hayle Community School and the local colleges offering field trips, learning packs and joint collaboralivo projects to enhance the CurrUlUm. Rebuilding decrepil yet historically important buildings which in turn enhances a run down nderLJ5ed area, thus encouraging private indivaS to do the same. Creating affordable yel high quality office and workspace to allow local small buslness to grow, thus increasillg the opportunity for high quality jobs. Providing a wide range of volunteefing opporlunilies th a fulty supported training programme. The Iruslees confirm thal they have referred lo the guidance Gonlained in the Charity Commission's general guidan on public benefi't when reviewing the Trust's aims and objectives and in planning future activities and projects.
Harvaws Foundry Tru$t Trustees, Report for tho yoAr ondftd 31 May 2022 Rgl#tsd Partl¥$ Mr D J Pollard18 a Hayle Town Counclllur. Mr Brfan Cappèr18 8 Ho¢ Town Counclllor. RoBponslbiiiilos of Ihg Tru8to•8 The TruBle05 {0 are Bl¥u Ihè dlmdors ot HBrveys Foundry TN81 (or Ihg purposes of company law) are responslbla for propaflng Iho TwBteBB' RgPQrt and Ihe fln8nclal 8lalBmontg In accordaftco wllh appllcablo law and Unlltsd Klngdom AauntIng standa3 (Unllod Klngdvm G&n&rally Accèpted rOUn16ng Pr8¢llce). comp.any law requlres th? Tru51eè8 Io Pfopare 15nanclal $lalefftBnis for Bach financl&l year whkh gfva a tyutr and fair vlew of the stale of1118 aff¥lrs ol the chafrtablo MpanY at Ihe balance shael Ll#l8 8nd ol Its InoDffilng rusourtes 8nd appllcallon ol resourGes, Sncludlng Iho Income and axp&ndllure, lor Ihe IlnY4nrJBI yepr. In prBparlnu th8$6 fin&nolal stalemonls, lh8 managemenlo1mltt&0 Is rqqL51red lo: Select sult8bl8 accounung pollclfjs and thon gpply Ih8m wn51slenUy,' - Ob58Na Iha methods 9t prlnclples In Ihe Gharitlo¥ SOHP., - Mak8Judgorn8nts dnd eslmale$ Ihal Are reasonabl& and pwdeftl., stale YAieth&r appllcable UK Acaounlng StsNdafd8 have boen lo11gwed, gubjttat to eny materfal dgp8rtures dlscloyed and explalned In the financlal Nlal8rTi¥nts', Pt¢P8re lh8 llnan¢lal slalgmenls on Iho golno concom basly unl999 11 Is InBpproprfa lo a5¥umB thal Ihe charttablo ¢ompanyw111 conunue on Ihat b#sls. The Trn81e8B aro r65ponslt40 lor kAoplng propar accountiF)g records that rllscloga th rgpsonubla accuracy al any lim8 th8 flnanclpl PQ51Uoft of thk eharftBbl& company and lo onuble IhBm. lo pn3ur6 Ihal lh8 linandal 8talFments comply wlth Ihe Compan105 Acl 2006. They QT8 8150 rft5ponslble for G8Teuu8lrtll the 98sets ol the chaiitabl8 company ond henc# for tgklnu r0880nable slBp& lor tho pravantlon Ond daleailon ol fraud and other IftegulaFIUofj. The Tw51eB$ aro rep(JllBlbl8 lor IhF mainlonanco and Inlegrfty of th8 ¢tsrpornle and finBnclal Irrfomailon lrt¢luded on the ch8rliabla companl$ webglle. Leglslallon In th8 Unhed Klngdom governlng Iho pr8parnUon and dh88mln8tbn of nanclol slat8ments may dlllorfmrn18ul8lauon In olhgrJurf&dl¢tlong. Appmvpd by Ihe board of trutyleo¥ on . behall by: and signed on Iholr B Cappèr, Tfw190
Harvey's Foundry Trust Iiidependent audltors, report to the memb&rs of Harv8y'8 Foundry Trust Oplnlon We have audiled (he linan¢lal 51atements ol H8rveVs Foundry Trust for Ilio year ended 31 May 2022 which comprlse thè Slalemenl ol Fin8nual A¢livllies. the Salsnce She&l and thè notes lo the financial slatemenls, inolucting a summary of 8ignificanl accounting pOle$. The financia1 reportiTFg Ir8m8WDrk that has b88n applied in Iheir preparatlon 15 appllcable law and United Kingdom Accounting Slandaids, including Financeial R8POrting Standard 102.. The Fmianclal Reporting Sland8id appIable in Ihe UK and Rewblic ol Ipartd (Unrted Kingdom Generally Accepfrd Acwunliw Practi>. In our opinlon, the fmancial slalemènls.. give a true and lair ol Ihe state of the ohsritable company's alf8ir8 as 8131 May 2022 and of Its Income and expendilure lor Ihe yew then ended.. have been properly prepared In accordance with Unlled Kingdom Generally Accepted Aowunllng Pr8clice', Basls for oplnlon We Conducted our ajdll In accordance wilh International Standards on AudilirvJ IUKI IISAS IUKII and appllcable law. O resptsnsibililies under those slandards are lurther dp5cribed in Ihe Audil0rf5 Fesponsibililies lor Ihg 8udil of th8 financial slalemenls section ol our repott. We ale iTrdependenl of the charitable ¢omp8ny #i accordan with the elhical requlrements thal are relev8nt lo our a111 ol the finan¢ial slatemenls in the UK. includino the FRC'$ EIIMcal Slandard, and we have fullulled our olher elhlsal respDn5ibilies in accordance with these requiremenls. Wa believe that Ihe audil evidence we have obtalned is Suf[ent and appiopriale lo provide a basi8 forour opinion. Con¢lu$lons relatlng to golRg concern In auditing the financial statemenls, we have concluded Ihat the Tr[lee.$ use of the coing concern basls ol aGUnting in the pieparalion of IhB financial slalemenis is eppropriale. Based on the work we have rforMed, we have not identified any malerial uncertainties rÈlatlng to event5 or Gondilion5 th81, individually or ¢olle¢lively, may cast Signif81 doubt on the company's ablllty to conlinue as a going conwn for a poliod of al least twefve months from when the orlglngl financlal sl8lem8nts w8r8 8Uthorised for issue. Oui respon8ibili1198 and the responsibilities ol the Trustee$ vAth respect to going con¢8rn ar8 d8sCo8d in th8 rd8v8nl sections ol this report. other Infomiatlon The other information compii5e5 the infO8110n included in th& annual report. including the Trustees, report, other Ihan the financial slalemenls and our audilorfs report Ihereon. The Trustees, are responsible lor thè other infoimstion contained wlthln the annual report. Our opinion on Ihe financial slalemenls does not covor the other inlomation and, exp1 lo the exLent Q1heplse explicitly staled in our feport, Wg do not &xpres$ any lomi ol assurance Conclusion Ihereon. Ow responsilItY is to lead the othei information and, in doing Jo, ¢on$ider whether the olher inlormalion Ss malerlally incon51s1et with th8 finarKial 818lemont8 or our kno%edge obtained #) fhe audit or otherwise appeats to b& materially misslaled. 11 we idenlily such maleiial inconsislencies or appant malerlal mlsstaloment$, w6 are required lo delermine whether there 15 a maleiial misslalemenl in the fin8n¢ial Slalemenls themselves. If, based on work we have p&rlormed. we conclude that there is a material misslalemenl ol this o(her it7fc*llralion. we are requlred to T8POrt th&1 f&ct. We have nDlhirhg lo report in thi8 regard.
Harvey's Foundry Trust Independent audltors, report to the members of Harvey's Foundry Trust MattoY$ on whlch w8 are Tèqulred to report by exceptlon In Ihe Ilghl of the knowledge and undor81anding of Ilie company and its environment obtsined in the cour8e ol th8 audit, w8 h8ve not identified material misslalements iri Ihe Diredors, report induded within the Tw8tges' Report. Wè hsve nothing lo ieptwl in re8pe¢l ol Ihfy lollowiThJ mallers in relation lo whlch th8 Chari1185 (Aecounls 8fKJ Reports) R£9ulations 2008 required us lo report to you il. In 04tt opinion.. adequate and proper accounling records have nol been kept or relums adequ818 for our adul have not bèen received fiom branches not vlsited by us.. or the finan¢ial stalements are not in agreement wilh the acounling record8 and retums., or certain disclosures olTru$te85' remuneration specified by law are not mAde', or we have Th)t received all the inlormolion and explanalions we require for audll., R98ponslbllltles of the trustees As explain&£l MO lully In the trustees, responsibiliti&$ slalemenl, set oul on page 5, the Trustees Iwho are also tha Diie¢lors ol the ¢haiitable eompany lor the purposes of company lawl are Yesponsible for the preparallon ol the financial slalernenls and lor being salisfEd that they glve a Itue and fair view, and lor such internal ¢onlio1 as they determine is neSsa¥Y to enable Ihe prepaialioR of financkgl st8ternen18 Ih818te fr88 from malerial misslalemenl, whether due to ffaud (K error. In preparlng the financial statements, the Trustees arè respons1t@ lor 88se88ing the company's ablHly to Continue as a going cOnrn, dlscloslng. as applicable, matters related to going coll and u*ng the golng COnreT basis 01 accounting unless the Trustees eithèr Intènd to liquidate the company or lo co88e operations, or have no realistic lernalive but to do so. Audl¢oVs reBpon81blltles lor the aud5t of the flnallclhl ¥tatem8nts We have been appointed as auditor under the Charitie5 Act 2011 and rep(xt in accordan¢8 with A¢t and rekvant regulallons made or having effect thereundef. Our oty'ecliv8s are lo obtain reasonable assuran about whelher the financial 51alernents 88 a whole are free Iram malerfal misstatement, Mthethei due lo fiaud or error. ancl to Issue 8n auditor's repor( Ihal includes our oplnion. Reasonable assurance 1$ a high level ol assurance, bul is not a guarantee Ihal an audil cotKlucted in accordance wlh ISA$ IUKI wlll ahvays deteGI a material mis5talemenl wlEn11 exists, Mlsslat6m8nl8 Can 8ri88 from fraud or error and are considered material if. individually or in Ihe aggregate, Ih8y could reasonably be expecled lo influence the èeonomic decisions of user8 tskon on the basis ol these financial slatemenls. Irregu18rilies, induding fraud, are instances ol non-¢Omylan th laws and gUlatiOns. We design procedures in line wilh our responsibililles, outlined above, lo delecl ma18rial misslalemenls in respect of irregularilies. includlng fraud. Thè ¢xt0nt lo which our procedure8 are capable of dele¢ling irregularilies, in¢ludlng tra is detailed belDW'.
Harvey's Foundry Trust Independent audltors. Yeport to the mombors ol Harv8y'8 Foundry TrtF8t Our approad) lo Identifylro and assesslng the rlsks ol material mis$t8lernent in respect ol irregularities, including fraud and nDn-G0Mplian with laws aftd iegulalions, was as folk)ws.' Ihe etwagemenl partner ensured that the engagement leam collectively th8 appropriate competence, capablitIeS and skills to identify or recognlse non-compliants wilh applicable laws and regulations., we Identified Ihe laws and regulations applicgble lo the ¢harilable company through dis¢us$lons wllh Trustees and olher managemenl, and froin our Commercial knowledge and experience ol lh6 seotor,. we locused on speeific laws aTrd iegulalions vthlch we consldored may have a di¢1 material effect on the financial 5talernents or the Dpeialion8 of lh8 ch81llab company such as Ihe Charltle8 Act 2011. data protEcllon. anli-brib8ry, emp5oymenl, environmental and health and safely legislatn., we assessed Ihe exlenl ol eompliance with Ihe laws and regulations Idenlllied above through maklng ewulries of mat>ageinenl and inspecting legal ¢orre8pondence,' and idenlifiod laws and regulations were communlcaled [hIn tha audit te8rn reoularly arKI the team remaSned alert lo instances ol non-compliants throughout audit, We assessed the su9pIlbll1lY of Ihe charitable company'8 fin8ncial slalements lo materlal mlsslatement, Inoludlng oblalnlng an understanding of how fraud might occur, by.. Making enquiries ol rnanagemenl as to where they consldered there was susceplibilily lo fraud, Ih8ir knowledge of actual, suspeded Mnd alIed fraud", consklering the inlernal controls in place lo millgate risks ol fraud and noTrcomplIan with laws afKI regulations. To address th8 risk of fraud through management bias and overrtde ol conlrols, we= performed analytical procedu$ lo idenlily any unusual or unexp8cted r81alK)nships', tested journal entrles to idéntify unusual Iransaclions., + asses8gd whether judgements and assumplions made in delermlning lh8 accounting 881irn8t8s wer8 indicative ol potential bias., • Invesligaled the rali0Tr818 b8hind significant or unusual Iransaclions. In response to the risk of irragularilies 8nd non-complianr£ vAlh laws and reoulations, we deslgned proeedurts which included, but were nol limiled lo.. agreeing financlal slatement dl5clostjS lo undeitylng SUF¥)Orting documenlalian., ' readlng the minute# of m88ting8 of Ihose charged th governance., enqui11 of management as to 8clual and polenlial Iltlgation and olaims., ' reviewing corSp¢fidence with relavant regulalots anrt the chaiitable company's legal 8dvisor8. There are Inhe1 Ilmitations in our audit procedures deS(bed above. Tho more remov& Ihat law8 and regulations are Irom finanoal IiansacU0Th5, the less likely il is Ihal we would become aware ol norfrcompliance. Audlllng standards also limit lh8 gudil prodUreS required to Klentify non-complian th laws and regulalk)ns to enquiry of th8 Tvustee8 other management arKI the inspeelion ol wulalory and legal corr6spMdence, il any. Mateii81 misstalerrents Ihal 9rise due lo fraud can be harder lo deted than those Ihol arlse from error as they may involve deliberate Confjealmenl or colluslDn.
Harvay's Foundry Trust Independent audltors, report to tliè mambèrs of Harv8W8 Foundry Tru81 A8 P2ri ol an audll In aCrdan with ISAS IUKI, we exeiu88 prole8sional judgement and maintain professional $cepliclsm Ihroughout the audit. We also". Identily atKI a88ess the risks of m8terial mi$stalemenl ol the Iinan¢ial Statents, wheth8r due to fr8ud or @rror, design and perform audll pro¢edures responsive to those risks, and oblain aydil that is suffi¢ient and appropriate to provide a basis lor our opinion. The risk ol not delecling a material misslalement resulting from fraud is hlgher Ihan for one re5ulling from error, 88 Iraud may involve collusion, loigery. inlentlonal omi881ons. rnisr8PEe8enlalions. or th8 override ol internal w1r01. Obtain an underslznding of inleinal ¢ontrol rolevanl to the audll In Drdèr to éèslgn #udit procedura8 that ale 8ppropriale in the ¢Ircum$18n$. but not lor the purpose ol expressing an opinion on the effectiveness of Company's inlernal eonlrol. Evalu81e the 8PPTopri4leness gf a¢(x)unling policies used and Ihe raagonablèness of accountirvJ 6slimat88 and r8181ed disclosuros made by the Trustees. Conclude on the appropriateness ol the Trusl¢ès' u8e ol the going concern basls DI aecountSng an(S. based on thè aud eviden obtained. whelh8r a material uncerlainly exists related lo evenls 01 condilion8 Ihat may cast Significant dobI on the Charilable company's abilily to Conti as a goi Got6M. If w8 conclude Ihat a malerial unceriainty exists, we are required lo draw allenlion in our auditor's repori to Ihe related discloswes In the financial slatemenls or, if such disclosures are) inadequate, to modify our OFinion. Our conclusions 8r8 based on the audit evidance obtained up lo Ihe dale ol our audilor's reporl. However. future evènts or conditions may cause Ihe tharilable ¢ompany to Cease to conllnue as a golty cOnrI. Evaluate the overall wesentation. slruclure and Conlenl of lh8 financi8J Slalements, ificluding th8 discb8ures, and whether the finanual stalements represent thg ufK18rlying transactions and events In a Mnner that achleves fair ptssen181ion. Obtain sullioienl appropriale audit evSdenee reoarding the financial information of th8 8nlilies or business a¢livllies within the comp8ny to axpre$s an op1ron on th8 financial 8talemeDls. We are responsfjble for the direcllon, sUpei510n and perlomiance of the charitable o)mpany audit. We remaln solaly re8pon8Ible foi our a111 opinion. We communicate with those charg8d Vhqlh governance regardlw, among other matters, Ihe planned Scope and liming ol the audit and 8ignificanl alIt findings. inclu¢thng any slgnlfl¢ant deficietWA88 in int8in81 ubnlfol that we id8rilify duri our audit. A further descriptio ol our re8ponsibililio8 for the audit of the financial slatemenls Is lo¢aled on the Flnancial Reportit Counoll's website al.. 1ww.frc.0rg.UkIaudilorSreSp¢)nsIbl1jtIe9I. Thls de$cflplion forms part of our auditorfs r8POrt. Use of our report This report is made solely to lh8 chartlae eompany's members, as a bthjy, In 8Ce¢fdance with Charities Act 2011.our audil work ha5 bEen undertaken 50 thal we might stale lo th8 ¢harilable wmpanvs members those matters we are requlred lo slale to them in an gudilorfs report lor no other purpose. To Ihe fullest exlenl peimilted by Ikw, wa do not accept or assume responslbllily to anyone olher than the chaiilable company and the charitable ¢rynp8nYs members as a body, for our audilwotk, lor Ihis rep¢, or IOF Ihg opinion8 we have formed. Nell Alnsley Hallam FCCA (Senior Statutory Auditor) For 2nd on behalf of Crane & Johnston C&J Lld Accountanis and Slalutory Audilors 30132 Trebarw¢th Crescenl N8wquay Comwall TR7 #DX Daled.. ,/,,/,
Harvèy's Foundry Trust stst6m8nt of Ilttanclal actlvltle8 Ilncludlng Income and expondlturg accounti for the y6aY end*d 21 May 2022 Unrost¥l¢tEd Restricteil Endowment lunds fund funds Notes 2022 2021 INCOMING RESOURCES Income Voluntary InGom& Datron$ and grants 99$ 222 Actlvllles for gengratlng funds: Interesl reeeniable Shop incom& 34 922 1,394 1,394 Inctsmlng Tesourcos frotn charltable aGtlvltles'. Grants receivable Rental & service ¢harotr income Olher incvme 984 303,646 2,699 12,198 278,559 303,646 2,699 Total Income 309 728 309 728 291,935 Expendlturè Cos¢8 of ral$lnu lund$ Fundrabing tiadlng.. ¢o$l of goods so other costs 851 851 2,948 Charftable actlvllles 315,364 7,590 322,954 .280.894 Impalrment Loss 2,590,802 Total Expendlture 318,215 7,590 323,805 2,874,644 Nèt 1ncomel1exndl1Ur9l for the y8ar 16,4871 17,5901 114,0771 12.582,7091 Transfers between funds 15 Net movement In funds 18,4871 17.5901 114,077} 12,582,7091 Re¢onelllallon of Fund¥ Total Funds brought ferw&rd 195,521 1.204,002 1.357.525 2.757,048 5,339,757 Total funds Garrled lOard 189,034 1,198,412 1,357,525 2.742.971 2,757,048 I gains and losses recogrlised In lh8 year aro kn¢lurfed In Ihe Slaiemenlof Financial Aclivllle8. The 5lat8menls of finan¢lal a¢tMllgs also complles wdh Ihp tequiremenls for 8n income and expenre accounl U01 Ihe Companies Act 2W6. 10
Hgrvoy'J Foundry Trutst Balon¢• Sheot afy at 31 May 2022 21122 2021 TaTrglbl8 83yetg Hèrttega osse18 707,711 2.37fj.778 16,212 3.Q32,g79 3,084A85 3.048,191 Rotoll Stocks Deblors Cagh al bank ond In hand 3,872 71,6113 197212 272,817 4,227 30,004 25d.921 2gu,142 CrodltorJ'. •mouNt• falllllg du• wlthln yèAr 10 (159.550} 1108,127) 113,267 182,015 Total a8••t81088 IFttbllltlDg 3,197.7S6. 3,23Q.20G Cr•dlt*W•: •moun¢fj folllnu aH•rthoM than onè y•ar (454.786) 473.15ai 2 742 971 Th• fuod• ofth• chirfty: Inoomo fvndg Unr831rlcl8d T4(nds Roslrfcted fundè grthyrnonl ful3 14 15 16 189.034 1,196.412 1,357,SZS 195,521 1,2fM,002 1,357,525 Totsl chllrlty funds Th8¥9 finttn¢lal sfalqments hava bgon wopored In accordanca Wth SPBdal prov1pl0 In pa 15 01 Ihe CDrr2panles Acl 20Qfl io companlty8 3uW8cI to thg small ¢offlpanieR reoime. Th# approvod by tha board ol tfttsteaB Drn........ thglrbohplf by. , end 8lgn•d on DJP Trns B Capr Tru81eo
Harwy's Foundry Trnst Ntsie5 to the Accountg for the ygar ended 31 May 2022 fj Attounllng pollEIB8 sa5 offpreparalloj) The acU15 ol kne chanlgble wmpany. lthlch Is S wblic ben&fil eniity undèr FRS fj02, h8¥tr been prepared under le h191orthl cost ton¥enllon In Accordan the FInaft Reportlng Stsndard Ap1¢abl¥ Im Ihp UK IFRS 101, the AGGounlhg 8nd Rewrtlng by Ch8filles.' Si¥lgmenl ol RecoiTrmended Prac1e applKabte ID (hanii8s piepariw iheli a(Lounts In accordar wEth Ihe Flnawlal Reportlng SIAnd8rd sppN¢8blè lo iha IIK (FRS 10?.} {Chefil$ SORPII, Ihé ChaTllles Act 2011 arÈd the Comp8ni&sA¢l 2006. Harvey5 Foun Ttugt Neels the dennknon of 8 wbllc benefil eniity under Ffts 102. A$$& Ilablliiles are Inmolly rwnlEed 41 h15brlrAI coslor Irdns8cVon value oth811 $t8téd In thorevant wllcy note. R•corKlllalloii wlfljprevlcus GenfrrgllyAc¢fjpIgdA¢¢oI(thPlfj¢1IC¥ In prerir I 8¢¢ounl$. th8 dir8¢$ hav& wn$i68red whelh8rin èpplying Iné aGtounlln9 Fequlred tyFR8 102£nd the Charft4e8 SORP FRS 102 Ibe ro$l8lemeni of compariiw8 items was réouired. No rÈstatètnefti$ wereiequlred. Pyéparallon ollhe aCCOiiFJtson&9olny¢on¢ern ba$1¥ The Truslconslder9 alth& chAlityls n¢$m. tYQllab$, 18DarJes and olherfomisofvolmiary Incorne are CognIsed a$ In¢omlng r88our¢ots whèn rec8lvabl&. wLepl Itwfar as they are h¢apaNe of liTrancial measuiemenl. Gr8nl¥. kn([19 ytaAls foi the purtha$e ol fYK6d agseis. are recowised In lull In the Staiemeni of Flnandal Acllvllks kn Iha yr I they are receivabfe n dMLYS specty thel donill¢ny and granlG lo lh$ chwily must b& used in lutura arGounllng pBd<xl, tho Incoffte def£rred until those periS. Incotni fesources trom chartoty011vlty we8c¢wnled forvthw eamed. Inve8lfflenllncome 1$ Induded wMnfe¢81¥a8. Expsn(filur4 Aesources expend8d 8rt In¢ludtd in Iho Slatornènl olFinartial Aatlyitles on afi 8ccruBLq bèsls. Expendttwe IwludÈ$ any VATwhl¢h ¢annoi fully f6covÈrd, atyj BS lewrteo aspartof the expendilure 11 relale$.' COSLS of gerr311ng lunds t¢mpii80 ihe ¢tsi$ 8ssodaied with altraeiiffj volunlary Income and the ¢osts of Iradlng fu fwdrolslng purpoJ In¢lydlng Ihe Ar¢hi¥e Centre. ChsrttatAe expendllurè ¢ompdge$ Ilo$e tos1$ Inrred by It ¢harity In the LINery ol acbvilles pnd 6etvlce8 lor ils benelklalles. 11 In¢bde$ ty)Ih cosl$lhalc8n be8liKaled di18cty 10 suth x11115 Ihose 50[an IndKerA twluie TrECsary to 5UPWrt them. (lovwnartt ¢o$l¥ Indud6 those ¢osls a$ald wilh Meen the consiiludoll81 and Bi8iulory requlrernenl3 gf the ch8rfty IlUde Ile 4yOllfees cosi$ linked 10 Iho $i<ateg1¢ managomoniof thocharity. Iul $1$ are 81b)¢al b8trNten th8 éxpplldilure categor3 01 thg Sialemert 01 FinBnciai on a bas* egned lo ief12cI the use ol Ihe resource. C¢sl¥ relallng toa parUcubr8Ctty ai¥ 8Noc81oa dired. T&nulblo flx¢dass•fS •NJddEpreclalits Tanglbk a5seL8 sLqled al cost less dewttlavon. D$yedaUon ha$ en alths foll0yrt9 Fate5 in 0er lo wrfie oll Ihe assets overtheiresVm8ted u¥elvl Ilve¥. Indlvlth81 Bsset8 cosllnuE250 or mtye are ¢0p51811$ alcosl. oiric• 6qulpmeovFiUreS & Filllnps 25%120Yth strah1 Ilne Herfldge 85sel8 3c)ed 81¢o$lof mthl valye8tlle daleof transfèr. Aw herage a¥seis aro he thechal1fQ[a hlslothl purpo$oand lo adv8n¢e lh8 pr¢$wv8llon o)n$erv¥lknn Obje4V$S01]hè¢ha[Ily. SIO¢ks Slockls valued atlhe lower$19¢ D81 r88lls8blev81ue.
Harvèys Foundry Trust Not88 to tho A¢counts for thg yoar ended 31 May 2022 Dèblors TradÈ and Q1hdebtorS are cognIsed aline setuernen18trtounldueafterarylra disa1, offe. Prepaym8nls arevalued 8lle amtyJTrl prepa n8lolanyliadelis¢ounlsdue, rol0r8 andprovls14ns Credbttirs and prov105 reCognere iha charfty h8g a pE$enl(&llgailon r6$ulllng from a paslevenl Ihal¥4ry11 probHbtyll In the Iiansfer of lund510 a Ihlrd patyand lh8 Em01 lo sellb lh9ol9$11on tan b¢ rneasureo ore3timaled relb. CTedilors wovlslw$ are normally recogn15ed 8llheli setll&meni8rnoJnl atterolknwlftg for8ny Iradtrdiscounls dup. Flnon¢ltslln$irumthii8 TheCIni30Ie wany¢nWha$ fin4nclal a$strts arvj firkinGLIl liabilles ola kind Ihalqualfyas bask Instrumenls. BaBlc finAneig1 knsknrnen1s9 inlll81Sy rewllnl alalran$acbM value and subsequenlly TmaBUted al Ihelrselllmnlvalue, Pei)$lon$ The c¢mp8ny owralts a r4jn1rijuon p811 scheme. CLYributknn$ 8re charge¢ lo Ihe pmffi snd lo88 account a8 Ihay be¢omo payb in 8c¢oidan¢ewih the ¢)f tho $tthÉm& Acetimvl3ledfuis UniÈ¥liI¢l lund$ ait and Lqhw Iniomiw reswice3 ceae or generaied fw the objects o11fy6 ¢harily vthhout futher specillo(I purpose and ale av8i18bl8 asgenefèl funds. Th• endNm8ni fund r¢preSéll those as$eis must be hehl permaThenUy by tha ¢h8rfly, pr4rndp81ty tho propèrti8s. Income fi(m thè endNment fund can be used in acwrd8nce Ihe Obje or the charfY and Is Included * uftro&iricted kntome. Re$irid8d fmds are SUeCI 103p¥Effc condlityis byd¢yior$8nd oranl rn8kln9 tM)d18g 8810 hihÈYmaybts d. The puwg andisè30f the restrLtsd funds8 $8loul In ihe rnles lo the accounts. 2 Operatlng ¥vrpluB IdB£lt 2021 Thls18 siaied after¢*awlnu". epr10 fLYed 8&8ets 8.413 3 Taxallon Thech3rit3ble comparry Is exempt Iromwraiiw tsx Its chart8ble a¢tWl&s. 4 Trusl¢ex Nwe ollne Iwslees IN any persons (nected ¥441h them) eeN8 remuneraln duriw Ihè pefitsj None ollhe Iwslees l¥¥ny perso$ ¢onrrected wlh Ihemlwss 98ld o¥ens•sdurin9 the pethd. 13
HaN0y's Foundry Tiust Nolos to Iho Actounis for tho yoaf ond8d 31 May 2022 6 Aftaty815 of staff costA 2022 2021 115.918 6,802 2,032 78,895 2,280 1,502 SOCI securttycos19 PeThs cos12 staff tr81n1r & welf 128,49S 89.461 TherB w¢rfr M tmpkyee5 Yth058 emeI&e1e 280,OODornKre 1prfolar nill. 2Q22 N¥mber 2021 Numbor Average number0r] Um8 eMpby8e8tJurino perfod The key managem[ per8onnei ol the Charftable Company 15 the Htay$ and Bu&Bs thQanaller an& heF emph¢ bgDofits forffteyear we££40,10{2o2l E5,7681. 6 Resources expondod 2122 2021 ¢osts of ueneratlng funds Cosisofowd5 901d 01h¥ 851 ¢hav*able Acllvlllos DlreGt Costs Slaff costs Pfemlsey ad debis Olher & prolesybnal 128,495 110,4B7 1,IS5 25,740 2fj5,$07 9.4e1 104.828 1.634 18.og8 213.519 $pOrtcaS¢3 CommuTricali0rng Prem1sÈy O&preclI0 Iniereslpw4bl$- bank loans & oyerdiafts G8nBral omce 12,300 17,457 8,413 13,935 9,747 13.010 3.996 51,220 GDvernaiice E09 Au1 lees BarA( chBrges Consultsncyfee$ 5,280 824 124 5.728 S,220 251 Ttstsi Expeiidltur 323.6 3B3.542
Harvèy'$ Foundry Tiust Not08 to tho Accounis forlho yearended 31 May 2D22 7 TanglbleflxÈd a9Sèt8 Offlce equipmant Land & Total Cosl Al l JU2021 Addi$ Recl89ficafj flom HerflageAssefg- tsawr HauBe Al 31 May 2022 88,828 912 È6.826 912 700 000 89,740 789.74D DepTeclallixi Al l June 2Q21 Chargo forlheyear Al 31 May 2D22 73,616 8,413 $2,029 73.e1$ B2.029 Nst t0k¥a1é Al 31 May 2022 700.000 707.711 Al 31 May 2021 16.212 15.212 fj Ftthlag&assels 2022 2021 Al l June 2021 Arf6ilbnsdurfn9 Iheyear Impalrmenl loss In0 ¥r Rec18555fThtlon lo La & Bulldlngs- Doyrten House At21 May 202Z 8.03Q.#79 42.799 6,823,471 31D 12,590,802) 2.376,778 3.P32 97 20 May 2007 thé free property'Foundry F8rm' wa$ gifted lo Haey Foundry TIu8t from Ponwlih Dtrittt aouncll. The Indepent m&rk&l valuo al the dale of the gill vrds £500.000 and legal coslswÈta £2.354. On 22 March 2009, Ihe freehold proport$ known a8 John Hatvey House &nd Dowren House wa$ pur¢hased from Pen(h Dlslrlcl Coundl for£2. Ih& In(tependenl rnarkelvalue al th8 dal& of thè gWlwa5 £750.0(X). On 26 F&bruary 2015 freeho propBrfy'Planklion Slore'was gltted lo HaNey'$ Fomdry Tru$lfr(Yn Cornwall COlY cOnE1. The indptx3ndenl rllarkel vakje al Ihe dale of Ihe glllwès £35,000 and legal costs £2,604. M 31 May 2015 there was an overage 89reemÈnl in favour ofcWaIl CounG41. On 21 De¢ornbpr 2015 Ihe freeholj propertyFall8rn shoplcari shed. Iran$fÈFred to HaTvey's Foumry fwsi from Sennybrfdge (Hay) Lld. The Indepedent tnathetvalue atlhe date oflhb Iran8f8rwa$ £40,000 Dur9 2016 and 2017, Ari6lacts lo18lllng £32,979 were dcqulred by Ihe chartly 8nd 8r8 induded 1h1n Heritage assals. Ors 2 Febru8ry 2017 Ihe freohold proparty'land & buildings on ihe esstslde of Planlallon Lane. Hayle Mere oifted lo H2rvay$ Foundry fru$1 Irom Mr John DanSels. Ttte laNI and bu11dlno$were gifted 81 a value of£1. In 2020, pha$È 3 of the re5tor3llon and refiirbishmenl ollhe Harvey's Foundry $ile wa$ Compleied. The lolal prol8cI cost exeded £4.200.000 &nd V11 con8erve bulldlrys krK)vm as P191*0 Slore, Pallern Shop and the slte Dr It formercart Shed. ThLq projeWaS malnty fufided ty the Herllaga Lollery Fund. In 2021, lh& Herllag8 assets lexcluding Artefacts£32,9791 weie valued on a maFketvalu8 bas18 by 3rd pariy 1ndepeFenl valu815, Miller CDThmerclsl ValueFS Lld, al £3.000,000. The charlty ha$ mouni5ed &n Imp8irment10s8 Ihls yearof£2,590,802 lo reduce the carrylng amounl of th8 Herflagfr as$el$ lo119 recove1ae amount. Thls Impalrmenl loss has bÉ8n recogned as expendU[e In the Slalemenl Of Fin8nc181 AclhAlies In accordance th the Charity SORP. 15
Harvey's Foiindry T¥u8t Notes to th¢ Ac¢ounl4 lor the yoar ènded 31 May 2022 8 Dsbiors 2022 2021 Trdo0thtors Olh¥leblois ,893 45 290 71,683 21,30 ,885 ID Credknrs.. falllno wtthln ofttryeaT 2022 2021 Other Trade crÈdkws Olh¥ lawJ8nd Sc¢1 getsjtity costs OlheruedliOIS 18,239 18,507 6,021 116783 159650 18,444 10,499 4,773 74411 108 127 11 Cr4dithT8-. a0t& l&lllng duo •ltr onoy•ar 2022 2021 Bath itsan5 464,786 473,156 12 Lo$ 2022 2021 Creditors Inclu¢e'. falkng lor psytttnt aAwtnorelh8n fN6year$ 381.895 399,382 Secure6 bank IoBll5 473.008 49f.602 The CAF Bwk loan L¢ se¢u18d by8 fixed Wal tharga over£ Ire£hdd land and PrortIe John HaiV¥ House, 24 Foutvjry Squarg. Hayle. TR27 4HH Dowien Hovs&, 5 Lan8. HaylB, TR27 4HP Foundry F8im. Foundiy Lane, Haylg Tho 8nrrtJ81 hterasl raie 1$ the Bank 01 EngFa Base Ral£ S 2.5% Ènd the ban PelFthJ Is 25 years. The caplial r$p8ynIS ¢ommanc*d during February 2018 and Iheconlraclual e dale ollh& to&n 1$ lÈJune 2041. 13 PonSn tosts Duthg t ye8raid&l 31 May2022 Iha p8nsion ¢o$tsw8re t2,03212021 £1.5601. Atlhèye8rend ihe amount Outstand9 wa$ £398. 14 Ure3trts Fund$ 2022 2021 Al l June Suiplu31lDeficlll Ih¥swr 199,S21 18,4871 175.045 20.476 Al 31 M8y 195.$21
Harv•y'¥ Fondry Tnf8t Ilotts to thè Accounts for Ihe year ondod 31 May 2022 1S R•$trl¢tsd fund Baiantse at 1 Jtrne comln resource9 ExythdKur Yransf9Y8 B81gn¢e gt21 Moy Phase S 1,203,352 250 400 1 204 002 7,240 250 100 7.590 compultr Eqpmen[ 300 1.19&.412 Plsé 3. lle proledcommen¢ed during 2016 andielale5 IDlhe rest0On ofihÈ H8r¥el$ FovnLy sltewhlchw89cornplelfyd In 202Q. MillporKI lepJW- fundlngW8Sfs¢e$d from HayleTown Coundl tth¥ards kanellaslyear8ndwas spent lhIsar. Computer EqUlpmenl-funnQ wasre¢eived trdle purchage of a newlapiop. Thtr b¥l¥n¢tr representB the ¢8irOng V8je10 bè deprecldl&l (werfrdwe y08rs. f6 Enlowm•nt 8&lanco t4June AddlUon8 81 J1 May Foundry Faim John Harvey H$¢ & Drmen Hse Pl¥ntation Slore Pallem 5hDpand sileofformercart She Artelacis LaDd & tsu1105 on theeasIe0f Plant8Uon Lantr, Hawo 60CS.Lk)O 750.Lk)O 35.CK)O 40.000 32.524 6QQ,Q 750,0 35,0 40,0 22,524 Total 1,3S7,525 Th¢peMnCn1 cthdowménb, [ee51aled by1 gift and $¥lèof3 PFoperfi£s Irom Penwilh txstTt Ctsundl The glti $alesware made Iolho chafityon Condi0Th Ihal Ihey8ie he 8$ p¥m¥nenl$ndoYmienls, the income frorn L% IreeiyavalabiÈ to 4dlville$ oflhe¢harity. Durtno the wr tsndiw JI May2015 the teId property kntsvm a¥'TI]e antallon 51oie'wastr8n9fwed lollÈc81ityMllh the Ihaill 1$ hold as a poimanEnièndowmeTrl Durfng Iho yoar 31 May2016 the proptrty known a¥'The Paitem 8lw e slleofthe fomrCartSldw8$ transfew£d lolhoth8rityyth thèdIon IhBI R Is held 8$ a permtr ¢dDY1enj. Dunno Ihoyt8rèTrdlng 31 IA8y2017 Ihe free la propertyknDWn aB'12 bLI1930n the e3s1 s8 ol Pil0n L4ne. Ha5¢ Wa$gtsd its charfty byMrJ DAnlels.
HanfBy'S Foundry Tvust Notea to thè A¢¢ounts for th? yoar endod 31 May 2022 17 Anoly¥ls orn61 a68gts b¢t¥thn fund8 URrfrslrlGtsd lundg Regtrl¢led l¥nda En&o%wioni lun415 Total lundg Fixed assets Landlbvlldings & Henlaoe 8SS81s Currenla6sei8 abiliue 2,246 12,348 282,148 5,485 1,706,905 19,3321 1506,6281 t,7.)2¥ 3.078.77B 272.fj17 Net a68ets ot31 Ally 1 186 412 1 357 525 2 742.871 18 L¢g•l 8latu$ olthe ¢hailty ThÈ thanty Is auJmp8ny Umlte¢ byoy8r8nlee8nd has fio shaiecapiial. In thoeverf oflhg ¢h8rty t¢lng %Und up.th8 lbIlIty1 respectof IhB guaranleelg Ilmlied to £10 p¢1 m¢mb¢rrlthe ¢harity. Thè reglslered otfice 0llhechath8eonty L¥John Hatvey 88, 24 Fwndry Squ8ve. H8We, Comwall, TR27 4HH. 19 Rolatèd party IranBRcllon& There were no Ifi8n¢lal 118n8adon$ With rél8iett partldring lheY¥rdIng S1 Play 2022. 18