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|||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|
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|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||||
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||||||||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|
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|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||
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|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|
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|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|
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|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|
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|||||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|
##
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|||||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)|
##
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||||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|
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