2023-05-31-accounts

		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	5
Report ofthe Independent Auditors	6	to	9
Statement ofFinancial Activities		10
Balance Sheet	11	to	12
Notes tothe Financial Statements	13	to	26
Detailed Statement ofFinancial Activities	27	to	28

TRUSTEES			BCapper - nominated	by Hayle Town Council	by Hayle Town Council	by Hayle Town Council
			NJHarvey (resigned	10/7/2022)
			SDJohnson (appointed		13/7/2022)
			RH Lello
			J RLloyd
			RJG Morton
			DJPollard (deceased	12/12/2022)
			KJTRickard
			S MR Thomas
			JBennett (deceased 2/6/2022)
			KMcHugh (appointed	6/11/2022)
			SBenney - nominated	by Hayle Town Council
			P Channon - nominated		by Cornwall	Council
REGISTERED	OFFICE		24 Foundry Square
			Hayle
			Comwall
			TR27 4HH
REGISTERED	COMPANY		04764003 (England and		Wales)
NUMBER
REGISTERED	CHARITY	NUMBER	1112920
AUDITORS			Lang Bennetts Audit Limited
			The Old Carriage Works
			Moresk Road
			TRURO
			Cornwall
			TR1 1DG
SOLICITORS			GA Solicitors
			25Lockyer Street
			Plymouth
			DEVON
			PL1 2QW
BANKERS			Barclays Bank Plc
			8-9Market Jew Street
			Penzance
			Cornwall
			TRAD 2TW

							2023	2022
				Unrestricted	Restricted	Endowment	Total	Total
				fund	funds	funds	funds	funds
			Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies				1,096			1,096	996
Charitable activities
Protection and promotion of
Hayle's heritage				338,773	42,704		381,477	307,329
Other trading activities				1/76			1/76	1/94
Investment income				192			192	9
Other income				58			58
Total				341,495	42,704		384,199	309,728
EXPENDITURE	ON
Raising funds				2/56			2/56	851
Charitable activities
Protection and promotion of
Hayle's heritage				352353	5,465		357,818	322,954
Total				354,709	5,465		360,174	323,805
NET
INCOME/(EXPENDITURE)				(13,214)	37/39		24,025	(14,077)
RECONCILIATION		OF
FUNDS
Total funds brought	forward			189,034	1,196,412	1357,525	2,742,971	2,757,048
TOTAL FUNDS CARRIED
FORWARD				175,820	1,233,651	1,357,525	2,766,996	2,742,971

					2023	2022
		Unrestricted	Restricted	Endowment	Total	Total
		fund	funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	10	10,762		699,999	710,761	707,711
Heritage assets	11	497,806	1226,509	657,526	2,381,841	2376,778
		508,568	1,226,509	1,357,525	3,092,602	3,084,489
CURRENT ASSETS
Stocks	12	2+49			2/49	3,872
Debtors	13	40,677			40,677	71,683
Cash at bank and in hand		191,573	7,142		198,715	197262
		234,499	7,142		241,641	272,817
CREDITORS
Amounts falling due within one
year	14	(123/16)			(123,216)	(159,550)
NET CURRENT ASSETS		111,283	7,142		118,425	113+67
TOTAL ASSETSLESS
CURRENT LIABILITIES		619,851	1,233,651	1,357,525	3411,027	3,197,756
CREDITORS
Amounts falling due after more
than one year	15	(444,031)			(444,031)	(454,785)
NET ASSETS		175,820	1,233,651	1,357,525	2,766,996	2,742,971
FUNDS	18
Unrestricted funds					175,820	189,034
Restricted funds					1/33,651	1,196,412
Endowment funds					1357,525	1,357425
TOTAL FUNDS					2,766,996	2,742,971

OTHER TRADING AC	TIVITIES
			2023	2022
Shop income			1,376	1/94
INVESTMENT INCOME
			2023	2022
Interest receivable			192
SUPPORT COSTS
			Governance
		Management	costs	Totals
Protection and promotion	ofHayle's heritage	66,492	6,184	72,676
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
			2023	2022
Auditors' remuneration			5,850	5/80
Depreciation - owned assets			6,385	8,413
Deficit on disposal offixed assets			882

STAFFCOSTS
			2023	2022
Wages and salaries			122,210	115,918
Social security costs			6,898	6,803
Other pension costs			2,140	2,032
			131,248	124,753
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Full time employees			4	4

No employees received emoluments in excess ofBi0,000.	No employees received emoluments in excess ofBi0,000.
COMPARATIVES FORTHE STATEMENT OFFINANCIAL		ACTIVITIES
	Unrestricted	Restricted	Endowment	Total
	fund	funds	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	996			996
Charitable activities
Protection and promotion ofHayle's heritage	307329			307329
Other trading activities	1$94			1/94
Investment income	9			9
Total	309,728			309,728
EXPENDITURE ON
Raising funds	851			851
Charitable activities
Protection and promotion ofHayle's heritage	315364	7,590		322,954
Total	316,215	7,590		323,805
NET INCOME/(EXPENDITURE)	(6,487)	(7,590)		(14,077)
RECONCILIATION OFFUNDS
Total funds brought forward	195,521	1404,002	1357,525	2,757,048
TOTAL FUNDS CARRIED FORWARD	189,034	1,196,412	1,357,525	2,742,971

	FORTHE Y	FORTHE Y	EAR ENDED	31MAY 2023
10.	TANGIBLE FIXEDASSETS
				Freehold	Office
				property	equipment	Totals
	COSTORVALUATION
	At 1 June 2022			700,000	89,740	789,740
	Additions			5,174	2,752	7,926
	Disposals				(7,187)	(7,187)
	Reclassification			2/91		2/91
	At 31May 2023			707,565	85/05	792,870
	DEPRECIATION
	At 1 June 2022				82,029	82,029
	Charge for year				6,385	6/85
	Eliminated on disposal				(6305)	(6,305)
	At 31 May 2023				82,109	82,109
	NET BOOKVALUE
	At 31May 2023			707,565	3,196	710,761
	At 31 May 2022			700,000	7,711	707,711
	Cost or valuation	at 31May 2023 isrepresented	by:
				Freehold	Office
				property	equipment	Totals
	Valuation in 2021			699,999		699,999
	Cost			7,566	85/05	92,871
				707,565	85,305	792,870

Iftreehold land and buildings had not been revalu	ed they would have been included at the following histo	rical cost:
	2023	2022
Cost	7,566		1

STOCKS
		2023	2022
Stocks		2,249	3,872
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2023	2022
Trade debtors		22,188	26,393
Other debtors			33,618
Prep ayments		18,489	11,672
		40,677	71,683
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2023	2022
Bank loans and overdrafts	(see note 16)	13,814	18,224
Other loans (see note 16)			15
Trade creditors		22,017	18,507
Social security and other taxes		2,017	1,788
VAT		4,964	4/33
Other creditors		45,567	43,738
Accrual sand deferred income		34,837	73,045
		123,216	159,550

				Net
				movement	At
			At 1/6/22	in funds	31/5/23
Unrestricted funds
General fund			189,034	(13,214)	175,820
Restricted funds
Phase 3			1,196,112	(5,165)	1,190,947
Computer Equipment			300	(300)
John Harvey House build				42,704	42,704
			1,196,412	37,239	1233,651
Endowment funds
Foundry Farm			500,000		500,000
John Harvey House &Dowren House			750,000		750,000
Plantation Store			35,000		35,000
Pattern shop and site offormer Cart Shed			40,000		40,000
Artefacts			32,524		32,524
Land &buildings	on the east side	of
Plantation Lane, Hayle
			1357,525		1357,525
TOTAL FUNDS			2,742,971	24,025	2,766,996
Net movement in	funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				f.
Unrestricted funds
General fund			341,495	(354,709)	(13/14)
Restricted funds
Phase 3				(5,165)	(5,165)
Computer Equipment				(300)	(300)
John Harvey House build			42,704		42,704
			42,704	(5,465)	37,239
TOTAL FIJNDS			384,199	(360,174)	24,025

				Net
				movement	At
			At 1/6/21	in funds	31/5/22
Unrestricted funds
General fund			195,521	(6,487)	189,034
Restricted funds
Phase 3			1,203/52	(7/40)	1,196,112
Millpond Leaflet			250	(250)
Computer Equipment			400	(100)	300
			1+04,002	(7,590)	1,196,412
Endowment funds
Foundry Farm			500,000		500,000
John Harvey House &Dowren House			750,000		750,000
Plantation Store			35,000		35,000
Pattern shop and	site offormer Cart Shed		40,000		40,000
Artefacts			32,524		32,524
Land &buildings	on the east side of
Plantation Lane, Hayle
			1357,525		1357,525
TOTAL FUNDS			2,757,048	(14,077)	2,742,971
Comparative net movement		in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			309,728	(316,215)	(6,487)
Restricted funds
Phase 3				(7,240)	(7,240)
Millpond Leaflet				(250)	(250)
Computer Equipment				(100)	(100)
				(7,590)	(7,590)
TOTAL FUNDS			309,728	(323,805)	(14,077)

			Net
			movement	At
		At 1/6/21	in funds	31/5/23
Unrestricted funds
General fund		195,521	(19,701)	175,820
Restricted funds
Phase 3		1,203352	(12,405)	1,190,947
Millpond Leaflet		250	(250)
Computer Equipment		400	(400)
John Harvey House build			42,704	42,704
		1/04,002	29,649	1433,651
Endowment funds
Foundry Farm		500,000		500,000
John Harvey House &Dowren House		750,000		750,000
Plantation Store		35,000		35,000
Pattern shop and site offormer Cart Shed		40,000		40,000
Artefacts		32,524		32,524
Land &buildings	on the east side of
Plantation Lane, Hayle
		1357,525		1357,525
TOTAL FUNDS		2,757,048	9,948	2,766,996

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		651/23	(670,924)	(19,701)
Restricted funds
Phase 3			(12,405)	(12,405)
Millpond Leaflet			(250)	(250)
Computer Equipment			(400)	(400)
John Harvey	House build	42,704		42,704
		42,704	(13,055)	29,649
TOTAL FUNDS		693,927	(683,979)	9,948