REGISTERED COMPANY NL',IIBER: 04764003 (Englattd #nd Wales)
REGISTERED CHARITI. NIIMBER: 1112920
REPORT OF THE TRUSTEES AliD
FOR THE YEAR ENDED31 MAY 21124
FOR
HARVEY'S FOUI%DRY TR .
TC GTOUP
Sta￿tOry Audifors
The Old Carriage Works
Moresk Road
Trnro
Cornw￿1
TRI IDG

HARV
FOUI%'D
COI%TEiYTS OF THE FINANCIAL STATE
EI%TS
ORTH
REliD
31 ￿tly 2024
P*ge
Reftrenee and Administrative Detsils
Re￿rt of the Trnstees
2 to 8
Report of the Independent Auditors
9 to 12
Statement of Financigl Artivities
13
Balanee Sheet
14 to 15
Cash Flow Statement
16
Notes to Ihe Cash FIDW Ststement
17
Notes to the F￿anCIal Siatements
18 kn 34
Detaikd Statement of Fin*neial Aeiivitifs
35 10 36

REFERENCE AND AD.MINISTIL4TIVE DETAILS
FOR THE YEAR EYDED 31 MAY 2
24
TRUSTEES
B Capper - Chair nominatut by Hay]e Town Council
S D JOhn￿n
R H Lello
J R Lloyd - *rrelary
RJGMorton
K J T Rickard
SMR Thom&s
K .￿HUgh
S Bennej - nominatrd by Hayle Town Council (resigned
1111,2023)
P Channon - nomEn￿ed by Comwall Council
REGISTERED OFFICE
24 Foundry Square
HAYLE
Cornwall
TP27 4HH
REGISTERED COMPANY
NUMBER
04764003 (England and Wales)
REGISTERED CHAIUTY
J UMBER
1112920
AUDITORS
TC Group
Sratutory Auditors
The Old Carriage Works
Moresk Road
Truro
Cornwall
TRI IDG
SOLICITORS
GA Soli¢itors
25 Lockyer Str¢¢t
Plymouth
DEVON
PLI 2QW
BALYKERS
Barclays Bank PIC
8-9 Markei Jew St￿1
Penzan¢¢
Comwall
TRIS ?TW
Page I

HARV
REPORT OF THE TRLISTEES
FOR THE YEAR ENDED 31 MAY 2024
The trustees who are also directors of the charity for the purposes of th¢ Companies Act 2006. present their rewrt with the
financia] statrmens of ihe charity for ihe year ended 31 May 2024. The trustees have wjopted the provision5 of Accounting
and Reporting by Chariti¢s- Statement of Recommended Practice appIl￿ble to ¢harities preparing their accounts in
accordance with the Financia] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {¢ffe¢tiv¢ I
January 2019).
This r¢port serves the PUTposes of l)oth a tswsteel report and a dire¢tor< report under company law.
OWECTIVES AND AcrtVlTIES
Obje£tives and aims
The charity's objects are..
to promole the preservation. protection. development. improvements and education the benefit of the people of Ha)'le.
the counry of Cornwall and ihe naiion. the na￿r￿. historical. arch1lec￿ral and Constructional heritsg¢, fe￿￿r¢s, objects.
collections and projects of histori¢ and publTC interest, including buTldings las defined in section J)6 of the Town and
Country planning Art 1990) of particular beauty of historical, a￿hiteCtUral or ¢onstru¢iional interest.
Baekgromnd
Harvey's Foundry Trust (The Trust) is a community development organisation which aims to use heritage and culture to
h¢lp contribul¢ towards the r¢g¢neration of th¢ town of Hayle in West Ci)m¥Nall.
We own and manage Harvey's Foundry. a two-hectare historically important site in Ha)le. West Cornwall. The sit¢ was
once the location of Harvey & Co.
famed for its engineering expertise
which helped shape ihe Cornish tndustiial
revolution. L"nfortunately. as traditional industrie5 declined in Britain. Harvey & Co. closed and the site became derelicL
with Hayle and its s￿￿ounding areas falling into economic and physical decline.
The Trust was created in the mid-1990& it dev¢loFd from the lo￿ community working in partnership with key
stakeholders to pro*ct and Freserve Hayle's rich heritsge.
The Tru￿ has renovated redundant li￿ed buildings and brought Ihem back into economic use (and thus safeguarding th¢ir
future) ensuring that significant heritage assets of the are preserved for futLre generations. The Rncome g¢nerdtrd from
this actiNIty means thai the Trust is not reliant on grdnts for its core running costs and, most importantly. can make use of its
educationa] value lo enhance people's enjoym¢TEI and understanding of Hayle's h¢ritag¢. Thc charity r¢novated 5 lisied
buildings {all of which were on the ai-risk register) and has also built a stylish new build= tkTrwren House. These projects
have creatrd 0￿1¢¢ space for new business in the towTr, enabling over 40 businesses to locate and sthrt up in the town.
resulting in over 150 jobs.
Alongside this, the Trusl promotes and protects the town's hwitage through a range of &tivities. channelled principally
through Hayle Heritage Centre, whilst amassiftg an impressive colle¢tion of obiecl& and attra¢ting over I 1.000 visitors.
Aims
A Forward Strafegy developed in 2014 outlined the Trust's key aims and sets out our statement of purpose.
Th¢ TNst envisioned ihat The Centre would be the Culwral anchor for the development and expansion of the regeneration
programme that has been taking place at Harve) s Foundry and contribute to the wider regeneration of Hayle.
"To create a vibranL viable deslination for trsidents and visitors that uses heritage &s the focus for a range of us¢s and
contrtbutes to th¢ regeneration of Hayl¢"
"To protecl promote and conser¥e Hayl¢'s culturdl history".
Page 2

ARV
REPORT OF THE TRLISTEES
FORT
E YEAR ENDED31 MAY 2
24
OWECTIVES AI¥D ACTIVITIES
Our mission
To pRserye and promofr the heritage gnd history of Hayle and the gjrroutmling are&
What do we want to achieve?
- We want to creale a welcoming research cenlre.
We want to proie¢t and preserve Hayle's rewnaining listed buildings.
Build and preserve a collection of artefacts, arohival maieriaj and infornMtion that relates to the hislory of Hayle and its
surrounding areas.
- Act as o hub for education and learning in the lown.
Give the residents of Hayle a sense of pride in d*ir town.
- Publicise Hayle's international importat]ce.
We want to create a centre that provides Hayle with a community f(KUS and gtves the Harvey's Foundry site a cultural
anchor.
SignifivAnt activities
Our main activities in SUp￿)rt of our cbaritable obFctives for the )'ear ending 31 May 2024 were:
G*Deral Trust Activtties
The charity continues to lease oiTice units to ILKal small businesses lo help fvnd ihe maintenance of the herithge assets that it
owns. Take up of oifice units h&$ been successful and we are still operating around 900/0 OCCUFWICY. The Trustees are
starting to look for lle￿ tNstees we are hoping to ￿Ve theEll in place by December 2024.
Hayle Htritage Centre
We have b¢¢n successful in 5￿uring srant funding to d¢velop and dcliver the fir51 Pha￿ of the John Harvey House project,
we have been awarded £269.086 from Historic En￿and. and £280.579 from SPF GIK)d Growth Fund {from Cornwall
Council). Th¢s¢ monies will enable us ￿ cO￿¢t th¢ failing drninag¢ around the building and r¢solve the worse structurdl
problerns.
The work will begin in Summer 2024. and the H¢ritsge Centre will close to the public whilst the WOTk is taking place, we
¢nvisage it will tske approxima*ly one year.
We d￿lded io run a new project in the year bef¢)re we c]osed the Heritsge Cenlre called Havle Herstory. This used grgnt
from AIM. Little Parc Owls Trus( Hayle Pump. and Hayle Old Cornwall Swiety. This proje¢1 will iell new stories of
women that have been forgotten in Cornish history.. of women based around the town of Hayle in West Cornwall and are
untold 5tor&¢s of courdgeous women who defied convention.
Volunleers will underioke research in women's stories And promote them in an exhibition in Summer 2024. 11.'e will also use
these new stories as an opportunity to connect with new audiences. We will run a series of creative workshop% the mat¢rial
creat¢d in these workshops will fomi a vital element of the exhibition.
The launch event to launch ihe ¢xhibiiion will also showcase emerging Cornish M'omen's talenl_ This is an opportunity to
work with group5 who i¥e do not nornially connecl with. explore what interests ihem. what pth to his(ory is important
them and barriers they face when assessing heritsge and cultur¢. We wanl lo tske history and ei'en15 Out inlo the Community
this will be a new move for us and we can see how many more people we connect with when we take things out into their
space.
Page 3

RV
REPORT OF THE TRLSTEES
FOR THE ￿'E
R ENDED 31 MAY 2024
0￿ECTIVEs AND AcfiviTIES
Public be￿erit
The Trnst's values (public Etnefits) are.. Regeneration, Education and Ci>nseTvation.
We fulfil those vA]ues through a variety of mechanisms:
Using history a5 a basis for community cohcsion and giving Hayle's residents a sens¢ of place.
Protecting and promoting Hayle's hÉstory, thus encouraging a cultura] tourism.
Working with all five local primary ￿hTh)Is, HrÉ)le Community School and the I(￿ colleges - offering field trips. learning
pack5 and joint collaborative projects to enhance the curriculum.
Rebuilding decrepit yet historically imTK)rtani buildings which in turn enhances a run down underus￿1 are4 thus
encouraging private individuals to do the same.
Creating affordable yct high quatity offi¢e and work4iace io allow I￿al sjnall business ￿ grow. thus increasing th¢
opportunity for high quality jobs.
- Providing a wÈde rang¢ of volunfeering opportunities with a fully supp)rted training progrdmme.
Th¢ trustees ¢onfim) that th¢v have Teferrtd io the guidan¢e ¢ontained in the Charifv Commission's general guidanee on
publi¢ benefit when reviewing th¢ Trus¢s aims and objectives and in planning future activities and Ffoiecls.
Volunteers
Volunteers ￿e vits] to the successful Tunning of the ceDtre. They are managed principally by the Curator with support from
the Heritage and Business Manager. M.,¢ currently haTre I I volunkers aged 18-75 with most of our volulltee￿ aged 60+.
Volunt¢¢rs are offered a wid¢ range of roles and given lots of opportunities for trdining.
Our volunieers perform a variety of tssks incI￿11ng catsloguing w)jec15. digitisation, remedial conservation. research.
assisttng with children's workshops, cfrcuration of new displays. talks, tours. producing content for social media. obFct
photography and working in the shop.
Volunteers a]so go on an annual trip other museums or archive& where they are given a behind the scenes tour of the
stordge facilities and can learn aboul collections management procedurcs elsewhere.
ACHIEVEMENT AND PERFORMANCE
Ch*ritable activiiie5
Hayle Heritage Centre opened from E&ster 20234ktober 2023. due to continuing strucwral problems at the centre we had
the main ground floor room open only. showing the exhibition "?4 Foundry Square 'How one building shaped a town,.
through th¢ summer we also had a small pop up SumTner exhibition "A New Venice.. A Celebration and History of Hayle
Carnival..
We ran a programme of 9 workshops and talks over the year, and every s¢h(KJl holiday we ran free summer craft afternoon5
for families (wth 4 over the summer holidays). these used local hTStory as a base for ¢reative learning.
Following the move if Hayl¢ Community ArGhiNt to the Trusi in 2022, one volunteer had been cataloguino a]1 referenc
books in both the Trusts ownerthip and Hayle Archives oMTrership into one collection. This task has b¢¢n completed. and
we now have approximately 800 60(&s corr¢¢dy calalogu¢d using the Dewey Decima] System. The library is a fantsslic
Cornish Stttdies resource.
Fulldrai5ing a£￿VitIeS
The organisation doe5 not Ca￿ out significant fi￿draising activities.
Page 4

FO
INDRY
REPORT OF THE TRL STEES
FOR THE YEAR
ED 31 MAV 2024
FINANCIAL REVIEW
Firtanci*l position
The charity reports an overall deficit of £J65.918 (2023- gjrplus of £24.025) for the year ending 31 May 2024. This was due
to an impairment adjustment of £430,000, which reduced endowtnent funds this y¢ar. The value of John Harvey Hous¢ was
assessed by the Trustees and wven its curreni condition the in the xcounis reduced. It IS hoped that with th¢
extensiv¢ work b¢in8 carri¢d out. the valuation will increase as th¢ work prog￿ sses.
A surplus of £158,149 {2023= £37,239) related to restricted funds, which mainly represents the restricted grants received in
the year for the John Harvey House build project le55 eX￿ndItUre on this project. This proi¢ci is due io end in March 2025.
Unrestricted ￿ndS had a deficit of £94.067 (2023.. £13.214 deficit) for the year. This was mainly due to unexpected costs
incurred at the end of a IEDancy as well as an increase in energ)" Costs, inrerest rdles and insurance.
Income had Increas￿ from £384,199 to £530.930 due lo restricted grants received the John Harvey House projecl.
Total funds at the year end amounted to £2,401,078 (2023: £2:766.9961, of which unrestricted funds represented £81,753
(2023.. £175,820). restricted futids represented £1 a91,800 (20?3.. £12)3.651) and erKlowment funds represented £927.525
(2023- £1,357,525).
Investment poI￿Y and objertives
The Trustees have considered the most appropriate policy for investing fvnds and has agreed that instant access to certain
funds is currently necessary to enable the ¢hariiy to opernte effectively. If an excess of funds is hel￿ these will be inv¢sted
with an approved UK regulated bank with a maximum fixed ienn of one month.
Reserve5 policy
The Trustees have examined thc charity'5 reqU1￿mentS for rescrves in light of the main risks to the organisation. It ha8
established a policy thereby the unrestricied fur￿$ not comrnitted or inve￿ed in tan￿ble fExed assets held by ihe charity
should be 6 months of the core costs plus Ii)an repayment Costs. Th¢ target is £91,000 generdl funds. The reserves ar¢
needed to meei the working Capital r*4uiremeniS of the charity and the tnistees ar¢ confid¢ni that at this level they would be
able to continue the current activities of tbe ¢harity in ihe event of a significant drop in funding. The balanc¢ of general
res¢rves held (excluding funds held as fixed assets and exc1￿lIng the mortgage balance} at 31 May 2024 were £18,868
{2023-. £125.097).
Details of th¢ restricted and endowm¢nt funds can be found in the notes to the finoncial #atements.
Going coneern
The Trust considers that the charity is a going concern.
Fund$ in defjcit
The HER￿Ory fund had a deficit balance at the year end as two grants were payable on the completion of the project. which
was after the year end..
FUTURE PLANS
In Autumn 2023 we successfully applied for the fvational Lottery Heritage Fund's 'New Storie& New Audiences" Fund for
AIIA Small Museum members for an exhibilion in 2024 ￿ replact -24 Foundry Square.. How ean one building shape
to￿1?￿ in ihe main space doMTrstairs. This was awarded to the charity after the )'ear end. The exhibition Hayl¢ HEttstory
will focus on the untold stories of the women of Hayle and West cornw￿[. it will have a wid¢ rdnging pro8rnmtn¢ of tatks
and a¢tiviti¢s ￿ c(Finside with the new exhibiiion.
The Trust's other main f￿u5 is on ￿uring the future of John Harvey House after successful applications to Historic
England and the SPF Go(Kl Grow¢h Fund. with the work focusing on correcting the failing and none exislent drainage and
removing the fail¢d concrete fi￿r in the Dtreclors Block, Putting a new fi￿r in, lift and creating a new exhibilion Sp￿e.
Page S

ST
REPORT OF THE TRLSTEES
FOR THE I'EA
EI%DED31 M.4Y 2024
STRUCTURE, GOVERNANCE AND MANAGE,MENT
Governiag Document
The organisation is a charilable company limitd by guarante¢. in¢orporni¢d on 14 May 2003 and registered as a charÉty on
3 Febrnary 2006. The wmpany was estsblished under a Memorandum of Associaiion which established the objects and
powers of the ¢harity alhd is governed under its Article5 of Associ•ion. In the evenl of the company being wound up
members are required to contribute an amounl not exceeding £10.
Retruitment atKI Appiintmettt of trnstees And management commtttee
The directors of the comparty are also charity IllisE¢es for the PUTposes of charity law. Under the requirements of the
Memorandum and Articles of A5￿￿latiOn, Director5 elected by the Member5 of the Tru￿ serve for A maximum of 3 years
and are subje￿ io retiremeni by rotation. Nornin￿ed Directors s¢rve at th¢ discretion of the nominating IA)dy.
Members entitl¢d to vote at GeneraE and Extraordinary Meetings. wmprise:
I l the subscribers to the mem(randum
li) the appointing EM)dies
iii} such other persons or ￿ganiSatIOnS as are admwtted to membership in a¢cordance with the rules rn￿]e under Article 61.
Directors may apply to k registered as Members and all have done so.
All Members will be circulakd wilh inviiations to nominate Trustees prior to th¢ AGM advising them of the retiring
Trustees and r4uesting nominations for the AGM.
New Trust¢es will be invited and encouraged io attend an induclion and training session to familiarise th¢mselves the
charity 2nd the contexl within which it operdts. These are Joindy led by ihe Chair of the Board of Trustees and Heritage &
Business Manager, of the charity. New trustees are provided wÈth a pack containing infornmtion covering the following:
- The conient of the memorandum and anicles of asso¢iation.
- Set of r¢cent board papers and minutes and dates of nexi meetings
- Artnu￿ rep(Yts from the previou5 year
- Operating documents
Orginisat•)n*l structure
Trustces m¢¢t quarterly and are responsible for the stra￿giC direction and policies of the Charity. Currenily there are l O
trustees. See page I for details of Trustees in office during the year.
There are three nominated bdies who sit on our board.. Hayle Town C(>uncil. Comwall Coun¢il and The PrinLts
Foundation Trusl.
The Tru￿ board is made up of trustees from a wide varÈety of backgrounds and intrrests. we have a solicitor. a historian, an
accountanL a leacher. a local resident (who also volunteers in the Herilage Centre for us). and an engyneer to name few.
The Tn]st board has ¢reat¢d subgroups to manage certain areas of the Trusfs oper￿lon$. These groups meet on a more
regular basis and re￿rt baek to the full Trust board at quarterly meetings. The subgroups group are given dele￿ted powers
and are made up of staff. volunteers and Trust represenLitives.
Th¢ Heritag¢ and Business Manager is Laura Walton, who reports to the Trustees.
Key managtmenl remuneration
All trustee5 give theÉr time freely and no trusttt received remuneration in the year. The pay of thc senÈor staff is reviewed
annually by the trustees following the NJC pay scales. The key managemeni personnel of the charity is ihe Herita¥e and
Business Manager and her employee benefrts the year wtre £42.52J (202J.' £39.180).
Related parties
fr P Channon is a Cornwall Councillor. Mr B Capper is a Havle Town Councillors. Nfr S Benney was also a Hayle Town
Councillor uniil his reiiremenL
Page 6

REPORT OF THE TRLISTEES
FOR THE Y
AR ENDED 31
AY 2024
STRUCTURL GOVERNAIICE AND MAIYAGEMEI%T
Risk m4nagement
Thc ifuMces have a duty to id¢nufy and revtew the risks to which the ¢hariiy is ¢xpos¢d and to ensure appropriate controls
are in pl*e to provide reasonable assurance a￿Inst frdud and eTror.
The Board rf Trustees has ¢ondu¢ted a review of the major risk5 to which the Charity is exposed. A rtsk register is being
drawn up and will be updated at least annually. appropriafr. systems or procedures have been cthblished to miligate
the risks th¢ charity faces. Inlernal control risks are minimised by the implementsrion of procedures for authorisaiion of all
transa¢tions and projects. Prw¢dures are in plac¢ io ensure wrnpliance with Health and Safety of staff, volunt¢¢r& and
clients.
STATEMENT OF TRUSTEE9 RESPOliSIBILITIES
Th¢ trust¢es (who are also the directors of Harvey'5 Foundrv Tru￿ for thc purposes of company law) are responsible for
preparing the Report of the Trustee5 and the financtal statements in a¢conlance applicable law and United Kingdom
Accounting Standards (Dniled Kingdom G¢neraily Acccptrd Accounting Practice) includtng Financial Reporting Stsndard
102 'The Financial Repcrfing StandaTd applicable in the UK and Republic of Ireland".
Company law requires the trU￿ee$ to prepare financial statements for ¢a¢h financial year which give a true and fair view of
the state of affairs of the charithle ¢ompany atKI of th¢ incoming resources and application of resources, including the
income and exp¢nditure. of the charitable c(Hnpany p¢ri(rfl. In prepaTillg those fthancial Sfatrmenls. the Irustees are
requwed to
select suitsble accountiE]8 p)licies and then apply them ¢onsist¢ntly-
observe the methods and principles in the Charity SORP-
make judgements and estimates that are reasonable and prudent.
prepare the fTnancial stafrmenls on the going collcern basis unless il is inappropriate io prewme that the charitsble
company will continue in business.
The trusfres are responsible for keeping prop¢r accounting records which disclos¢ with rewnable accur￿V at any time the
financial position of the charitsble company and io enable them to ensure that the financial statements compl}. with the
Companies Aci 2006. They are alK> responsible for safeguarding the assets of the charitsble company and hence for taking
reasonable steps for ihe prevention and detrctioll of fraud 2nd oiher iTregularitie>
In so far as the trnstees are aware".
there is no relevant audit infonnalion of whi¢h th¢ ¢haritsble ¢ompany's auditors are Una￿are. and
the trustees have iaken all steps that they ought to have taken to make themselves aware of any relevanl audit
infomiation and tr) establish thai the auditors are awaTe of that inf(Mation.
The TTusle¢s are responsible for the maÉntenance and integrity of the corp)rate and financial infomiation included on the
charitys website.
Legislation in the United Kingdom governing preparation and dissernination of financial statements may differ from
l¢£i51ation in other jurisdictions.
Ab'DITORS
The auditors, TC Group. will be proposed for ￿-aPpointMent at the forthcoming Amhual Genetzl Meeting.
Page 7

VE
FOUN
RY
REPORT OF THE TRUSTEES
FOR THE YEAR EliDED 31 MAY 2024
This report has been prepared in acc4)rdance with the Special Provisions of Part 15 of the Companies Act 2006 relating to
small companies.
Approved by order of the board of trustees on .........
..2.>........ and signrj on its behalf by.
B Capper- Trustee
Page 8

RE
EP
ORST
H.4RVEI'S FOL'NDRI. TRI ST
BERS
Opinion
We have audited the financial statements of Hatvey's Foundry Trust (the 'charitabk c4)mpany') for the year end¢d
31 May 2024 which comprise the Stsiemeni of Financial .4ctivilies, the Balance SheeL the Cath Flow Statment and notes
to the financial statemcnts, includin£ a summary of significant accounting wlicies. The financial reporting framework that
has been applied in their preparation is appliL*ble law and United Kingdom Accouniing Standards (United Kingdom
G¢n¢rally Ac¢¢pted A¢¢ounting Pra¢tice). including Financial Reporting Standard 102 'The Financial Reporting Stsndard
applicable in ihe UK and Republi¢ of Ireland..
In wr opinion th¢ financial statem¢nts:
giv¢ a true and fair view of the stste of the charitable company's affairs as at 31 May 2024 and of its incoming resources
and application of resource& including its income and expenditure. for the vear then ended-
have been properly prepared in accordance wtth United Kingdom Generally Accepted Accounting Practice, including
Financial Reporting Standard 102'The Financial Reporting Standatd applicable in the UK and R¢public of Ireland and
have been prepar¢d in ac¢ordan¢e with the requirements of the CoTnpanies Act 2006.
Basis for opinion
W¢ condu¢t¢d our audit in accordan¢e InternatiC￿31 Standards on Auditing (UK) (ISAS (UK)) and applithle law. Our
responsibilities under those stsndards are further described in the Auditiys, resFK)nsibilities for the audil of the financial
staiem¢nts section of our ￿pOrt We are ind¢p¢nd¢nt of thc charitsble company in accordan¢e with th¢ cthical
requirements that are relevant io our audit of the financial stht¢meTlts in the LIK. including the FRCS Ethical StandaTd. and
we have fulfilled our other ethical responsibilities in accordance with these requirem¢nts. W¢ believe that the audit
evidence we have obtained is sufficient and approKYiate to wovide a basis f(r our opinion.
Con¢lusi•ns r¢l*ting to going eontern
In auditing the financÈa] statements, we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financial statemenrs is appn)priate.
Based on the WOTk we have perfonned. have not identified any material uncertalniies relating to ¢vents or conditions
that, individually or coll¢¢tively, may cast significant doubt on the charitable company's ability to continue as a going
concern for a peri(Ml of at It￿ twelve months wheTE the financial Ststrments are authorised for issue.
Our responsibilities and ihe responsibilities of the trus*es with respeci to going conc¢rn are described in the relevant
sections of this report.
Other inforniatiDn
The trustees are responsible for th¢ other inforniation. The othtr infomiation cortiprises inforM￿lOn included in the
Annuat Report. other than the financial sta*ments and our Report of the Independent Auditors thereon.
Our opinion on the finan¢ial statements does not cover the other infom)ation an4 except to the £xtu)t otherwise explicitly
slated in our repor( w¢ do nol express any fom) of assurance conclusion thereon.
In connection wilh our audit of th¢ financial statements. our responsibility is to read the other information and, in doing so.
consider whether Éhe other infom)ation is matrrially inconsistent with the financia] slatements or our knowledge obtwned in
the audit or otherwise appears to b¢ materially misstatrd. Ef we identifv such maieriaj inconsi#encies or apparent mal¢ria]
misstatements, we are required io deterniine whether this gi￿e$ rise io a material misstatemenl in the financial statements
themselves. If, based on the work we havc perfonned. we conclude that the￿ is a material missiatemeni of this other
inforniation. we are required to rewi that fa¢t. We have nothimg to report in ihis regard.
Opinmbns on other matters prescribed by the Companie5 Act 21)116
In our opinion. based on the work undertaken in tlr course of the audit:
the inforniation given in the Rep(Kt of the Trustees for the financial year for Nvhi¢h ihe financial tht¢ments are prepared
is consisient with the financial statements and
the Report of the Tn]Mees has been prepared in accordance with applicable legal requirements.
Page 9

OF
EP
HARVEY,
-4LI
STOT
FO
'DRTr' TRLIST
MBERS OF
Mwt¢ers Iwhich we are required to repDrt by t￿eptiO
In the light of the knO￿ledge and understsnding of the chanlable company and its envir(M)menl obtaind in the Course of the
audit, we have not identified material misslatements in the Report of the Tru#ees.
We have nothing to rewTrrt in respect of ihe following matters where the Companies Act 2006 requires us to ￿port to you if,
in our opinion..
adequale accounting records have not been kept or returns &lequate for our audit have not been received frorn branches
not visi*d by u& or
the financial statements are not in agreement with the acwunting records and r¢tyrns: or
¢ertain disclosures of tru￿e¢S, remuneration specified by law ar¢ noi rnad¢; or
we have not received all the infomiation and explanations we require for our a¥Jdi¢ or
the inbstees were not entitled to take advaniage of the small companies ex¢mption from ihe r4uiffm¢ni io prepare a
Strat¢gic Report or in preparing the Report of the Trustee&
Responsibilities of trustees
As explwned more fully ITE the Ststement of TTUStees' Responsibilities, the trustees (who are also the direclors of the
charitable company for the purposes of company law} are responsible for the weparation of the financiai statements and for
being satisfied that they give a true and faÉr view. and for such internal control as the trus*es deterniine 15 ne£es5ary to
enable ihe preparntÈon of financial statements that are free from material misstat¢men4 whether due to fr4ud or e￿Or.
In preparing the financial stst¢ments. the trustees aTr resTK)nsible for assessÈng th¢ charitsble compony's ability to continue
as a going ¢oo¢ern, disclosing, as applicabl¢, Ma￿r$ re]ated to going concern and using the going Concern basis of
ac￿Unting ullless the trusiees either intend to liquidaie the charitable company or to cea* operaiions. or have no realistic
alternalive but to do so.
Page 10

REPO
T OF THE IVD
P*T.4LDrroRS TO THE MEMBERS OF
H.4RI'EV'S FO
NDRI. T
Our responsibilities for tbe audii oftht fmancial statements
Our obie¢tives are to obtain reaK)nable assufdnce about whether the financial ststemenls as a whole are free from material
missiat¢m¢nL whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion.
Reasonable assurance is a high level of assurdnce. bul is not a guarante that an audil ¢onducted in a¢cordance with ISAS
IUK) will always detect a material missiaÈemeni when il exists. Missiaiemenis can arise from fraud or error and are
¢onsider¢d material if. individually or in the aggregate. the) could reasonably be expected to influence the economic
decisions of users thken on the basis of these financia] statements. Irreeularities, including fraud, are instances of
non-¢ompliance with laws aT]d regulation& The ¢xtent to which our procedures are Vdpable of detecting irregularTties,
including frdud, is detailed below.
The extent to which our proc¢dures are capable of detecting irregularities, including fraud is detailed below..
The objectives of our audiL in respe¢t ￿ fraud, are: to identifv and assess the risks of material misstatement of th¢ financial
stalemenis due to fraud.. to cd)tain sufficient approprÉaE avdit eNYdence ￿gard]rtE th¢ assewd risks of material missta*ment
due lo frau(L through d¢signins and implern¢ntin£ appropriate Ee¥on5es' and to r¢spond appropri&t¢ly to fraud or 5USP¢Cted
fraud identified during the audit. However, Ihe prirnary re5rM)nsibTlity for the prevention and detectiOT] of fraud rests Wlth
both those charged with gOV￿nanCe of the entity and its mawement.
Our approach w&8 as follows:
We obtsined an understanding of the legal and regulatory frameworks that are applicable to the entity. considering th¢
nalure of the indts5try and se¢tor, control environment and business p¢rforn]ance. and detrrmined that the most significarit
are those that relate to finan¢ial compliance (for ¢xample in relation to wation. company and chariry law). relevant
r¢gulatory stsndards for the sector in which the charit), oFErdtes. employment matt￿S and other relevant law5 and
regulaiions. The key laws and regulations we ¢on5idered in this colliexi ivicluded the Charities SORP (FRS 102)
Accounting and Rep)rting by Charities and the Financiai Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102). In addition. we have considered provisions of other laws and regulaiions that do noi have a direci effect on the
fmancial stat¢ments but compliance with which may be fundamental to the charttable company's ability to operate or to
avoid material penalty. These include healih and safety regulations and emplojynent legislation;
W¢ communi¢at¢d identified laws and regulations throughout our t¢am and remained alert to any indications of
non-compliance ihroughout ihe audil-
We considered the procedures and controls that the charitable company has established to address rtsk id¢ntifi¢d, or that
otherwise prevent, deter and detect fraud: and how senior manag¢ment monitors thos¢ programmes atid controls.
We assessed the risks of Tnaterial misstaiement in respect of fraud as follow&
We made enquiries of the trustees and management in relation to any non<ompliance of laws and regulations, potsntial
litigalion and claims or any knowledg¢ of actu￿. susprded or aEleg¢>J frdud.
- We considered the risk of fraud through Enanagement override of controls.
We considered the risk of fraud through revenuc recognition.
Based on this understonding we designed our audil procedures io identify non-compliance with such laws and regulations.
Where the risk was Considered to be higher. we perfornied audit procedures to address ea¢h identified fraud risk. These
procedures included:
Legal fees were reviewed to identify an). p)tential non-compliance of laws and regulations.
W¢ reviewed the minutes of truste meetings lo ideniify maners relevant lo our audit
- We reviewed materia] manual journal entries for evidence of managemeni override or fraud.
- We te$￿ specific instances of grant income for the coNeci application of the revenue recognition rnl¢&
Owing to the inhffent limilations of an audiE the￿ is an unavoidable risk ihat we may not have detecled some materia]
misstatements in the financial statements. even though we have pr¢)perly planned and perforn]ed our audÈl in a¢wrdan¢e
with auditing standards. For example, the further removcd non-compliance with laws and regul￿10n5 {irregularities) is from
the events and transactions reflected in the financi￿ statements. the less likely the inherently limit¢d prcKedures required by
auditing standards would identify IL The risk is a]x) mer regarding irregularities occurring due to fraud rather than error.
as fraud involves intentional conrealment. forgery. Collusion. omission or misrepresentation. We are nol tysponsible for
preventing non-eompliance and Cann￿ be expeded to deted non-cornpliance with all laws artd regulations
Pagell

REPORT OF THE INDEPENDEYT ALIDrroRS TO THE MEMBERS OF
HARVEY'S FOU.NDRY TRbST
A further dcscription of our responsibilities for the audii of the fmancial statcmcnis is located on the Financial Reporting
Council'5 website at www.frc.org.ukl2uditorsrespongibilities. This description fornig part of our Report of the Independent
Auditors.
Use of our report
This rcport is made solely to the charitsble company's men)ber& as a ￿￿Y.. in accordanc¢ with Chapter 3 of Part 16 of th¢
Companies Act 2006. Our audil work has been undertaken so thai we might S￿le to the chariiable company's metnbers
those matters we are required Éo state to them in an auditors. report and for no other purpose. To ihe fullest extent permitted
by law. we do not accepi or a&sume responsibilTty to anyone other than the ch￿1t￿ble COTnpany and rhe charitsble compaJEy's
member5 as a body, for our audit work, for this repor( or for the opinions we have fonned.
James P￿ce FCA (Senior Sfatuiory Auditor)
ftir and on behalf of TC Group
Sthiutory Audttors
The Old Carriage Works
Moresk Road
Tn]ro
Cornwall
TRI IDG
Page 12

HA
'SFO
ND
sr.4TE.MEYT OF FI￿ ANCIAL ACtIVlTIES
IUTIYG ,IN I￿,COME AND EXP
YDIT
RE ACCO .
FOR THE Y
.4R EYDED 31 IL41' 2024
IN
RP
?024
Tolal
funds
2023
Total
funds
UnTestricred
fund
Restricted
funds
Endowmenl
funds
Notes
INCOME AND
E￿:￿wMENTs FROM
Donations and Icsa¢ies
KJ08
171,795
173.103
43,850
Charitable 4etivi¢ies
Protection and promotion of
Hayle's heritage
354.155
354,155
338,723
Other trading a¢tivities
Investmeni income
Other income
2,026
2.026
1,646
,376
192
58
Toial
359,135
171795
530.930
384.199
EXPENDITURE ON
Raising funds
2.018
2,018
2,356
Charitable actiwities
Protection and promotion of
Hayle's heritage
451.184
13,646
464,830
357,818
Other
430,000
430.OIJ)
Total
453202
13.646
430,000
896,848
360,174
NET
INCOME/(EXPENDITURE)
(94,067)
158.149
(430,000)
(365,9181
24,025
RECONCILIATION OF
FUNDS
Totsl funds brought forward
175,820
12JJ,651
1.357525
2.766,996
2.742.971
TOTAL FUNDS CARRIED
FORWARD
81.753
lJ91.800
927,525
2.401,078
2,766.996
The noies fomi part of these financial sthtements
Page 13

IIEI'S FO
I)RY TRL',sr
BALAh'CE SHEET
31 MATr. 2024
?023
Total
funds
Unrestricted
fund
Reslricted
funds
Endownent
funds
Tolal
funds
Notes
FIXED ASSETS
Tangible &qsets
Heritage asseis
14
15
10.354
498,225
699,999
L?7,526
710.353
710,761
2J81,841
73.346
508,579
1.273346
927J25
2.709.450
3.092.602
CURREIYT ASSETS
Stocks
Debtor5
C&sh at bank and in hand
16
17
2.520
51.720
87,467
2,520
51,720
205.921
2.249
40,677
198,715
118,454
141.707
118.454
260.161
241.641
CREDITORS
-4mounts fallin8 due within one
year
18
(135.821)
1135,821)
(123,216)
NET CURRENT ASSETS
5,886
118,454
124,i40
118,425
TOTAL ASSETS LESS
CURRENT LIABILITIES
514.465
lJ91.800
927.525
2,833.790
3211.027
CREDITORS
Amounts falling due after more
than on¢ year
19
(4i1712)
(432,712)
(4M,031)
NET ASSETS
81,753
lJ91.800
927 525
2.401 078
2 766.996
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
22
81.753
1,391.800
927.525
175,820
1233.651
1.357.525
TOTAL FUNDS
1401,078
2,766.996
Th¢ notss f¢)mi part of these financial statem¢Trts
Page 14
ontinued...

HARV
BALANCE SHEET- Contin￿ed
31 .MAY 2024
These financial ststements have been prepared in accordance with the provisions applicable to charitable companies subject
to the small ¢ompanies regim¢.
The financial thtements w¢r¢ approved by the Board of Trustees and authorised for iswe on .......
and were signcd on its behalf by:
JRLloyd-
t¢¢
B Capper- Trustee
The noies forni parl of thes¢ financi￿ ststements
Page 15

IND
CASH FLOW ￿.4TE.mEPIT
R THE YEA
ENDED 31 .MAY 2024
2024
Notes
Cash flo￿ from operating activittes
Cash generated from operations
Interest paid
100.509
34,712)
55,832
24,012
N¢t cash provided by operdling activities
65,797
31,820
Cg$h flows from inTresting activities
Pur¢has¢ of tangible fixed assets
Purchase of heritage assets
Inter¢sl received
(830)
(47.256)
1,646
(7,926)
17,454)
192
Net cash used in invesling adivities
46,440)
15,188)
Cash flows from finaneing artivities
Loan repayments in year
1? 151)
15,179
N¢t cash used in financing activities
Ill51)
15,179}
Change in cash and cash equivalents in the
reporting perm
Cash and cash equivalents at the ￿inning
of the reporting period
7,206
,453
198.715
197,262
Cgsh and cash equivalents gt the end of the
reporting perh
205.921
198,715
The notes forni part of these financial statements
Page 16

Y'S FOLThT)RY TRu&r
NOTES TO THE CASH FLOW sTATE￿IEy[
FORT
EYE
R EliDED 31 MAY 2024
RECOIYCILIATION OF ￿ET (EXPENDITURE)IIIYCOME TO NET CASH Finw FROM OPEIL4TIYG
ACTIVITIES
2024
202i
lyd (ex￿ndIture}11n£orne forthe rew>rting perM)d (as per the St*tement
of Financial Activities)
Adjustments for:
tkpreciation charges
Loss on disposal of fixed assets
Int¢￿t reeeived
Interest paid
Impairnient adjustment
(Increaseydecr¢Lse in stocks
(IncreaseFde¢rease in debknrs
Increase/(decreasc) in creditors
(365,918)
24,025
.239
882
(192}
24,012
(1,646>
34,712
430,000
1?71}
(11,043)
,623
31,006
31,909)
Net cash provided by oper2tiOD5
100.509
55.832
ANALYSIS OF CASH AND CASH EQUtVALENIS
2024
2023
Cash in hand
otice deposits (le&s than 3 months)
62
205.859
62
198,653
Totsl cash and cash equivat•]ts
20i,921
198 715
ANALYSIS OF CHANGES IIET DEEr
At 116123
Cash flow
Ai 3115124
Net eash
Cash at bank and in hand
198,715
7.206
205,921
198.715
7206
205,921
Debt
Debts falling due within l year
Debts falling due after l year
(13.814)
832
11319
(12,9821
432.712)
457.845)
12,151
445,694)
Total
259,130
19,357
239,773)
The noie5 form part of these financial statements
Page 17

DRY
usr
NOTES TO THE FtYAh'CIAL ST.4TEMENTS
FOR THE YEA
DED31 MAY 2
24
ACCOUNTING POLICIES
Bxsis of prepxring the fiTran¢ial statements
The financial statem¢nts of ihe Charitable ¢ompany* which is a publi¢ benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporttng by Charities.. Statement of
Recommended Practice applicable to charities preparing their ￿cOUnts in accordance with thc Financial Reportin8
Standard appli¢able in the L"K and Republic of Ireland IFRS 102) (effective l Januarj 2019)., Financial Reporting
Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies
Act 2006. The financial 51atements have been ptepared under the historical cost Convention. as modified by the
revaluation of certain assets.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the
relevant policy note.
The charity 15 a wivare cotnpanv limited by guarnntee, in(y)rpora*d in England and Wales (company numb¢r
0476400J} and the charity is registered in EmglaNI and Wales (charity number 1112920). The registered office is
detsiled on page l.
The presentation currency of the financial statements is the Pound Strrling (£). Amounts in the accounts are roundvj
to the nearest £1.
Preparation of aceounts on a going concern b4si5
The trustees consider there are no materiai uncertsinties aEM)ut the ¢harity's ability to continue as a going ¢oncern.
The revi¢w of ihe financial position, cash and reserves levels and fuwre plans gi¥'es the trustees confidence the
charity has sufficÈent resources to ￿ntinue its acliv&ties for at least l ? months from the date of approval and signing
of these financial ststements. Based on this assessmenL the Trustres consider it To be appropriate to prepare these
f￿ancial statements under the going concern basis.
Income
l%)nattons. legacies and other fomis of voluntary an¢ome are recogni5ed as incoming resources once the chartty has
entitlement to the funds it is probable that the income will be received and the amount can be measured reliability.
tknnations received for genernl purposes of ihe chariry are included as unrestricted fund5. Donations for activities
restricted by the wishes of the donor are taken to restricfrd funds. EkTrnations required ￿ be retaina ￿ capital in
accordan¢e with the donorf5 wishes are accounled for ￿ endowments - pernianent or expendable a¢cording io the
natur¢ of the restriction.
Grants. including grants for the purchw of fixed assets, are recognised in full in the Ststement of Financial
Activities in ihe year in which the charity is ¢ntitl¢d to the £ranL that it is kyobable thai they are receivable and ihat
they can be reliably measured.
When donors 5pecTfy that donations and grant's given to the charity must be used in future accounting period, the
income is deferred until tho8¢ periods.
Incoming resource5 frC￿ charitable aclivity ar¢ accoun*d for when earned. R￿ts and service charges from lettings
are recognised in the Statement of FinancTal ActTVFiies on a 5traighi line basis in line with the tenancy agreement
from the dafr the property was fiN Id.
Inveslment income is included when receivabk.
Page 18
ontinued...

I OTES TO THE FtY.4YCIAL STATEMEi%TS- continued
FOR THE YEAR ENDED 31 MAV 2024
ACCOUNTINC POLICIES - eontinued
Expenditure
Liabilities are reCO￿lSed as expenditure as soon as there is a legal or constnictive obligaiion comlnilling the eharily
to that ¢xp¢nditure, li is probable a transfer of economi¢ benefits will b¢ required in settlement and the amount
of the obligation caTJ be measured reliably. E¥pendiwre is accounted for on an ￿crU￿5 basis and has been classified
under headings ihat aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings ihey have b¢en allocated to ￿tiv￿les on a basis consistent with the use of resources.
Costs of g¢nerating funds comprise ihe cosis associ￿ed with attrdcting voluntary iETrcome and the costs of trading for
fundraasing purposes including the charity's Archive Centre.
Charitable expendityre comprises those costs incU￿¢d by the charit) in the delivery of its &tivities and services for
ils beneficiaries. It includ¢s both costs that can be all(tsted directly to such ￿1vill¢S and those ¢oYs of an indire¢t
nature necessary io ￿pport them (support costs).
Governance Costs tnclude those costs ass(xiated with Tneeting the ¢onstitutional and stsiutory requirements of the
charity and in¢lude the audit fees and costs linkal to the strdtrgic management of the charity.
Tangtble r￿ed assets
tkpre¢iatiiJn is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment
250/0 on 20Yo On Cost
The Cost of tangible fixed is their purchase eos( iog¢ther with any incrdentsl expenses of acquisition.
Individual fixed assets costing £250 or more are c4Yita]ised at COA.
Freehold property is held at va]uation based on market value and il not depreciated.
Tangible fixed a55ets are reTriewed for indicators of irnpairnient and any impairnient losse5 artsing frotn the
difference between the carrying amount and th¢ recoverdbte amount are recogni5ed in the staiements of financial
activities.
HtritAge asstts
H¢ritage assets are capit21ised at CO￿ or market value at the dwe of transfer. The value of the heritsge assets is
reviewed pcriodicall) and adjustments fcy impaimient are made as necessary. Any heritage assets are h¢ld by the
charity for a historical purpose and to advanc¢ the pr￿rVation atid conservation objectives of the charity. A list of
properties held as heritage assets is maintained by the Trnstees.
Stoeks
Siocks are valued at the low¢r of ¢oM and net r¢alisabl¢ vaiue. after making duc a]lOwa￿Ce for obsoleie and slow
moving items.
T*xation
The charity 15 exempt fri)m corporation tax on its charitable aclivitie&
Fund accountirtg
Unrestriaed funds Can be used in aw)rdance with the charitable objectives at the discreiion of the trustees.
Restriaed funds can only be used for particular r¢stri¢ied purp)ses within the thie¢ts of the charity. Restriction5
arise when specified by the don￿ or whcn funds are raised forparticular re#ricted purposes.
The endowment fund rewesents those assets which must be held pern￿nentlY by the charity. principally the
freehold properties. Income arising from the ¢nthwm¢nt ￿nd w be used in accordance with the obj¢xts of the
charity and is included as unrestricted income.
Page 19
continued.

OTES TO THE FII¥ANCIAL STATEMEPITS - ¢ontillued
R THE YEA
E%DED31 MAI. 2024
AccouNfiNG POLICIES- tontinued
Fund *c¢ounting
Further explanation ofihe nature and purry>se of each fund is includd in the notes to the financial ststements.
Pension costs and rther post-retirement bener
The charitable company operdtes a defined contribution pension scheme. Contributions pa>able to the charitsble
company's pension scheme are tharg￿ to the Ststment of Financial Activities in the peri(xl to which they r¢late.
Employee benefits
The Costs of short-terni employee benefrts are re￿gniSed as a liability and an expense. The cost of any unused
holiday ¢ntitl¢ment is recoonised in the period in which the employees services are received.
Donated goods and services
Donated fixed assets are iT]cluded in income at the estima*d value of the gift the ¢hartty when re¢eiv¢d, with th¢
othcr enty being capitaliscd fixed assets. For gifted heritsge asse14 these are includ¢d at rnark¢t value at datr of
gift.
In accordance with the Charities SORP (FRS 102). the general volunteer time provided to the Charity is not
r¢cognis¢d.
FAnancig1 itLStruments
The charity has ele￿ed ￿ apply the provisions of Section I I 'BasTrc Financial Instruments, and Section 12 '0ther
Financial Jnstruments, lo a]1 of its financial instrumenls.
Financial instruments are recognised when the charity ￿oMeS party to contractual FTovisions of the instrument
Basic fiiiAneial *￿ets
Basic financial &8sets, which include trade and other debtors. are initially measured at transaction pric¢ including
transaction costs and are subsequently ￿rIed at amortised cost using the effectÉve interest method unless the
arrangem￿1 conMitutLg a finan¢ing tronsaciion, where the financial asset is measured at the pre￿nt valu¢ of the
future receipts discounted t a market rate of interest.
Financial assets, other than those held & fair value through profrt and 105% are assessed for inithcator5 of impairn7ent
al exh reporting end date.
Financial assets are impaired where there is objective evidence thal. as a result of one or mor¢ ¢v¢nts occurrcd
ofter the initial ￿COgnItion of the finan¢ial asset. that the future cash flows haTre been aff￿d. If an asset is
impaired. the impairnent loss is the diff¢r¢nce between Carrying amount and the wesent value of the esiima¢LYI cash
flow5 discounted ai the assevs original effective Tnteresi rnte. The impairnient loss is recognis¢d in the slatem¢nt of
financia] activities.
Basie financial liabiliiies
Basic financial liabilities, including trade, other creditors, battk loans and other loans. are initially recognised at
trat]saction price unless the a￿angement Gonstilule5 a financing transaction, where ih¢ debt instrument is rneasured
at the preseni value of ih¢ fvrure payments di5¢0un*d ai a markei rnte of interest.
Debi instruments are subsequently (zThied at amortised cosL using the effective interest rd* mdh(MJ.
Financial liabilities are d¢recognised when, and only when. the charity's contr¥tua] obligations are discharged,
cancelled, or they expire.
Page 20
¢ontinu¢d...

NOTES TO THE FLYLNCIAL STATE.%IENI TS- contÈDued
R THE Tr'EA
ENDED 31 MAY 2024
AccOuwfi￿G POLICIES- continued
Cash at b*nk and in hand
Cash at bank and ¢ash in hand includes cash and short tern) highly liquid investhienis with a short maiurÈty of three
months or l¢ss from the date of acquisition (K opening of the deposit or similar accouni.
CIUTICAL ACCOUNTING JUDGEMENTS A￿D KETr. SOLIRCES OF ESTIMATION
i￿cERTAI￿ry
In the application of the ¢harity's accounting policies. the trustees are required to make judgements. estimates and
assumptions about Ihe catrying amount of assets and liabilities that are not readily appaTent from other sources. The
estimates and ass(*iated assumptions are based on experience and tndustry knowledge. Actual results may differ
from these estimates.
The primary judgements and estimales made Én the financial tstements are depreciation rn*s of fix¢d asscls and the
valuatioti of freehold propety and heritage assets.
Depreciation is expenses #t a rate that TS determined to best repTesent the useful economic life of rel¢vant &ssets.
hich is reviewed by the trustres, along with the associated estimated residual va]ues.
The trust¢es revi¢w th¢ valuation of heritage assets and freehold properties annually for impairnient. The tru4ees
obtsin third party valuations periodically to assisi them in this revi¢w. Alihough these estimates are based on the
tru5tees' best knowledge of the arnounL events or acti￿5. a¢tyal results may differ from their estimates.
The estimales and underlying assumptions are r¢viewed on an ongoing basis. Revisions lo accounting estimates are
recognised in the period in which the e￿lMats is revised.
DONATIONS AliD LEGACIES
2024
2023
Donations r￿Cl¥able
Grants
1.433
171.670
1,096
42,754
173.103
Grants received, included in the above. are as follows:
2024
2023
AIM
Comwall Council Community Chesi grant
Other grnnis
Historic England
Comwall CoLmciI Community Capacity grant
AHF Transforming Heritage
8,800
480
200
142.190
20.000
50
9,086
33.618
171,670
42,754
Included in grants, were govemment grants tota]ling £20,480 (2023: £nill
Page 21
continued...

HARVEY'S FO
ND
NOTES TO THE FI￿A￿'c1AL STA TEMENTS - continued
FOR THE Y
AR ENDED31 MAY 2024
OTHER TRADING ACTIVITIES
2024
2023
Shop income
2,026
I,i76
INVESTMENT INCOME
2024
Interesi receivable
1,646
192
INCOME FROM CHAIUTABLE AcfiviTIES
2024
2023
Activity
Rental & service charge
income
ProtcrtiOD and promotion of Hayle's heritage
354.155
338,723
RAISING FUNDS
Other trAding Activities
2024
202)
Purchases
2,356
CHARITABLE ACTIVITIFS COST5
Support
costs (see
note 9}
Direct
Costs
Totsls
Protection and promotion of Hayle's
heritage
355.740
109,090
464,830
SUPPORT COSTS
Governance
costs
,Management
Finance
Totsls
Other re￿lUrceS expended
Protection and promotion of Havle's heritsge
430.000
109,0
59.874
i4.712
14,504
489.874
539.090
Page 22
ntinued...

NOTES TO THE FIY.4NCIAL STATEMENTS- continued
FOR THE YL4R ENDED 31 MAY 2024
SUPPORT COSTS- Continued
In¢luded in support costs is an impaiment loss of £430.000 that was recognised by the charity during the y¢ar to
reduce the canying amount of a heritage asset to tts recovernble amount.
Sup1￿ costs. included in the a¥rt)v¢. are as follows:
2024
Protcti(Ml
promotion
Other
resour
expended
Hay"l¢'s
heritage
Totsl
activities
Total
a¢tivities
Wages
Social s￿Urity
Pensions
Rates and water
Insurance
Telephone
Postage and siationery
Advertising
Sundri¢s
Equipment expensed
Subscriptions
Website cos¢s
Rent
Depreoiation of tansibl¢ and hcrilage 18sets
Loss on sale of iangible fixed assets
Impairment loss¢s for h¢ntage ass¢ts
Interest payable and Similar charges
Auditors, remuneration
Bank charges
14,794
1.414
350
14,794
.414
350
3,964
15.787
7,500
2,776
185
22.564
7.668
3.810
2J45
22,564
7,668
3.810
2,345
3.393
185
506
706
185
506
706
118
342
611
1239
1239
6.385
882
430.0
430.000
34.712
13,963
541
34,712
24,012
5,850
334
541
430.000
109.090
539.090
72,676
io.
NET IIICOMEI(EXPENDTfLIRE}
Net incom¢l(up¢nditur¢) is Stsi¢d after charginsl(crediting):
2024
2023
Auditors, remuneratio
Depreciation - owned assets
tkficit on disposal of fixed a%8ets
13,963
1.238
5,850
882
Page 23
¢ontinu¢d...

IL4RV
NOTES TO THE FIN.4NCIAL ST.4TEMEYTS - continual
FOR THE YEAR ENDED31 2024
li.
TRiFSTEES' REMUNERATION AND BENEFITS
There ￿Ere no trus*es' remunerdtion or other irnefits for the yvdr ended 31 May 2024 nor for the year ended
31 May 2023.
Trustees, expenses
There were trustee's expenses paid amountino to £65. relating ￿ reimbursement f(r travel and other expenses (paid
to two Trustees) during the year ended 31 Ma). 2024 (2023= £Nil).
12.
STAFF COSTS
2024
2023
Wages and salaries
Social s¢xurity costs
Othcr p¢nsiori c051s
136,676
122,210
6,898
2,140
2,503
147618
131248
The average monthly number of employees during the year was as follows..
2024
2023
Full time employees
No employces receivd emoluments in ex¢ess of £60,0(Kl.
13.
COMPAIUTIVES FOR THE STATEMENT OF FI￿A￿cIAL ACTIVITIES
Unrestricied
Restricted
fund
funds
Endowrnenl
fund5
Totsl
funds
'COME AND E]%DOWMEiYfs FROM
Donations and legdcies
42.704
43.850
Charitable activities
Protection and promotion of Hayle's heritage
338.723
338.723
Other trading activrties
Invesknent income
Other income
lJ76
192
58
.376
192
58
Tot¥41
341,495
42.704
384,199
EXPENDITURE ON
Raistng funds
2J56
2J56
CharitAble ¥4etiYities
Protection and promotiotp of Hayle's heriiage
352J53
357818
Total
354.709
5.465
360,174
Page 24
continued...

OTES TO THE FINAIYCIAL STATE.MENTS- continued
FOR THE YEAR ENDED 31 MAY 2024
13.
COMPARATtVES FOR THE STATEMENT OF FINANCIAL AcrtV'lTIES - Continued
Lnresiricte
Restricted
Endowment
fund
funds
fur2ds
Tothl
fund5
NET INCOMEI{EXPENDJTURE)
(13214)
37.239
24,025
REcof*CILI.4TIOY OF FUNDS
Total fund5 brought forward
189,034
1,196,412
lu57.525
2.742.971
70TAL FUYDS CARRIED FORW'ARD
175.820
1.233651
lu57 525
2 766.996
14.
TANGIBLE FIXED.4SSETS
Freehold
property
Office
equipment
Totsls
COST OR VALLIATIO
At l June 2023
Additions
707.565
85,305
830
792,870
830
At 31 May 2024
707.565
86.135
793,700
DEPRECIATION
Ai l Jun¢ 20?3
Charge for year
82,109
82,109
1.238
Ai 31 May 2024
83J47
'ET BOOK VALUE
At 31 May 2024
707565
2.788
710553
At 31 May 2023
707,565
3.196
710,761
Cost or vatuation at 31 May 2024 is represented by=
Freehold
property
Office
eqUipMe￿t
Totsls
Valuation in 2021
Cost
699.999
7.566
699,999
93,701
86,135
707,565
86.135
79).700
Page 25
continued...

NOTES TO THE FP*'.4ICIAL STATE.MENTS - continued
FOR THE Y
AR ENDED31
AY 2024
14.
TANGIBLE FIXED A&SETS- continued
If freehoki land and buildings not been revalued they would have been included at th¢ following historical cos¢.'
2024
2023
Cost
7.566
7,566
The freehold land and building was v#lu¢d on a markei value basis on 24 September 2021 by Andrew Ranson
MRICS of Miller Commercial.
Included in freehold property is £7,565, ￿lCh represents the legal costs for the land atthe Vi&duct that wa5 gifted to
the charity aftu the year end. This was not part of the valuation in 2021 detsild above.
Freehold woperty with a carrying amount of £700.0(M) has been plalged to ￿Ure bornwings of the company.
There is also a second charge on this property in favour of Cornwall Council, wh¢re the Charity would be liable to
pay £110,000 to the Council in the event that the property W&$ sold. This will expire on l July 2030.
15.
HERITAGE ASSEIS
Total
MARKET VALUE
At l Jun¢ 2023
Additions
Impairments
2,381,841
47.256
{430,0001
At 31 May 2024
I%ET BOOK VALUE
Ai J l May 2024
1,999,097
At 31 May 2023
2381,841
On 30 May 2007 the freehold property 'Foundry Farni, was gifted to Harvey's Foundry Trust from Penwith District
Council. The independent markel i'alue al the date of the gift was £51)O.000 and legal costs were £2,J54. The current
value in th¢ accounts is £500,000 but this excludes East Stables, which are leased io The Guinness Trust (London
Fund) on a peppercorn reni for 125 years from 2007. The charit), holds the till¢ to this property bui it is not
Constdered to be an asset in the char&ty account&
On 23 March 2009, the freehold propertie5 knowi as John Harvey House and Dowren House was purch&sed from
P¢nwiih District Council for £2. Th¢ independent market vaiue ai the dale of the gifi was £750,000. These
properties have since been revalued and t)OWTen House reclassified as a tangible asset in 2021 (see below).
On 26 February 2015. the freehold property 'Plantstion st(￿e. was (rifted to Harvey's Foundr), Trust from Cornwall
Country Council. Thc ind¢p¢ndeni market walue ai ihe d&e of the gift was £35.000 and lega] costs were £2,504. At
31 May 2015 there was an overage ag￿emen1 in favour of Corn￿￿1] Council. The￿ is a charge registered against
this prop¢rty by th¢ Truye¢s of Naiional Heritage Memoria] Fund.
On 21 Dcccmber 2015. the freehold property Pattern Shop/Cart Shed, was iranSf￿d to Harvey's Foundry Trust
from Sennybridg¢ (Hayle) Lid. The independertt markei value at the date of the trdnsfer was £40,000. There is a
charge r¢gistered against this property by th¢ Trnyees of N.ational Heritsge Memorial Fwid.
Page 26
continued...

NOTES TO THE FlIN.4NCIAL ST.4TE1ME￿TS- contlDued
FOR THE IEAR EIDED 31 MAY 2024
15.
HERITAGE ASSETS - eontinued
During 2016 and 2017, Artefacts totslling £31979 were acquired by the charity and are included within herilage
ass¢ts. Art¢facts cosiing £420 were purchased in 2024 and included in heritage assets.
On 2 February 2017 the freehold woperty 'Land & Bllildings on the easi side of the Plantstion Lane, Hayle were
gifted to Harvey's FoundTr Trust from Mr John tkniels. The land and buildings were gifted at a value of £1.
In 2020, phase 3 of the rest(rtion and refurbishment of the Harvey's Foundry site was completed. The total project
CO￿ exceeded £4,200,000 and will ¢on5¢rve rhe buildings known as ihe Plantaiion Store, Pallem Shop and ihe sit¢
of the forn]er Cart Shed. This project was mainly funded by the Hertlage Lottery Fund.
In 2021. the heritage assets h¢ld (excluding Artefacts £i2.979) We￿ V￿Ued on a m*kel value basis by 3rd party
Independent lalu¢rs, Andrew Ranson IWUCS of Miller Commercial Valuets Ltd, at £3,000:000. This included
£700.000 for Dowren House. whi¢h was transferred to tangible assets in 2022 as tt was not considered to fall within
the definition of a heritsge asseL The charity recognised an impairnient10&8 in 2021 tt) r¢du¢e the ¢arying amount
of the Heritage assets to its recovernble amount. This impairment loss amounting lo £2.590.802 was recognised as
expenditure in the Sta*meni of Financial Aciiviiies in a¢cord8nce M'ith the Chartty SORP. As these assets ar¢ h¢ld
under valuation dep￿CIation has not been charged.
The Trustees have used this 2021 valuation in their &ssessment of the value of the heritage pmpertles as at 31 May
2024, together with the 2023 valuation of John Harvey House, which 5tsted the valu¢ of this building had r¢duc¢d io
£nil given ils conditTOM at th¢ time. Excluding John Harvey House. the Trustees consider tTr￿ valuation of
£1.870,000, taken from the 20? I V￿uatIOn remains appropriate for the other heritage a&sets at ihe year end. An
impairnient loss of £4JO,000 was recognised as expendiiure in the Statement of FTnancial Aciivilies for John Harvey
House.
In 2022, cosls of developing and restoring the John Harvey HousE were included in heritage assets amounting to
£41.408. In 2023 and 2024 a further £48.781 hag been 9)ent on this project. These ¢osts have been added to herilage
assels Is the Trustees believe that this has increased th¢ 20J? valuation of the property.
In 2023, the Boring Mill {forniedy Known as the Granary Barn) was gif*d to the charity by The Guinness
Partnership Limited. This bam had previously been valued ￿ £Nil as the liabiliiies for maintaining this building
¢xceed the value in the building and land. The Trustees have eonfim)ed that th¢y have considerL¥J this and the￿fOre
no value has been included in the accounts other than ihe legal costs of this M&wlion.
In November 2023, Ihe land ai Hayl¢ VÉadu¢t was gÉfted io the charity by Hay]e Fo¥Jndry Limited. The Trustees are
of the opinion that the ￿alue of the land i5 not materiat to the accounts. At present, the value in the accounts
represents the legal co￿9 of this transaction.
See note 20 for assets pledged as securiiy for ihe bank loan. There is also a second charge over John Harvey House
in favow of Cornwall Council, where the charity ￿QUId be liable io pay the Council £1 l 0,000 in the event that the
property wa5 sold to a third party. Thi5 will expire on 2 July 20iO.
Page 27
continued...

OTES TO THE FIN.4NCIAL sT.ATE￿IENTS- continued
FOR THE YEAR E￿DED 31 MATr 2024
15.
HER]TAGE A&SETS- continued
Cost or valuation at 31 May 2024 is represented by:
Heritsge
assets
Valuation in 2015
Valuation in 20?]
Valuation in 2024
Cost
625.002
(2,590,802)
1430,0001
4,394.897
1.999,097
16.
STOCKS
2024
2023
Stocks
2,520
2,249
17.
DEBTORS: AMOUNTS FALLING DUE WtrHIN ONE YEAR
2024
2023
Trade debtors
Prepayments
30.269
21,451
22.188
18,489
51,720
40.677
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN OYE YEAR
2024
2023
Bank loans and overdrnfts (see note 20)
Trade creditors
Social security and other t&x¢s
VAT
Other creditors
A¢¢rua£s and deferred income
13.814
22,017
2.017
4,964
45.567
i4,837
30,446
2.170
2.968
44,480
42.775
135 821
123.216
Page 28
continued...

RYTR
OTES TO THE FIN.4NCIAL STATETrIENTS- Continued
FOR THE Tr'EAR EliDED 31 TrlAI' 2024
19.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN OliE YEAR
2024
Bank loan5 {Ke note 20)
432 712
444,031
20.
LOANS
An analysis ofthe malurity of loans is given below-
2024
2023
Amounts falling due wtthin one year on demand:
Bank loans
12,982
13.814
1 1,982
13,814
Amount5 falling du¢ b¢tween and five years:
Bonk 5oans- ?.5 years
55.257
Amounts falling due in more than fTve yeaTS-
Repayable by insts]ments:
Bank loans rnore 5 yr by tnsthlments
380,785
388,774
The CAF Bank loan is secuTed by a fixed lega] charge over the freehold land and properties:
John Harv¢y Hous¢, 24 FouT]dry' Square, Hayle. TR27 4HH
Dowren House. 5 Foundry Lane. Hayle. TIL?7 4HP
Foundry F8nn: Foundry Lane, Hayle TR27 4HP
The annual inlerest rate is the Bank of England Base Rate plus 2.5Vo and the loan period 15 25 years. The Capitsl
repayments ¢omm¢n¢ed during February 2018 and the contracbjal end date of the loan is 19 June 2041.
21.
SECURED DEBTS
The following secured d¢bts are in¢lud¢d within ¢rdi￿r5.
2024
2023
Bank loans
445.694
457.845
Page 29
ontinu¢d...

HA
'EY'S F
YDRV TRusr
ryOTES TO THE FINANCIAL ST.4TENIEJTS- continued
FOR THE YEAR EIYDED 31 IllAI' 2024
22.
MOVEMENT FUNDS
Net
mov¢m¢nt
in funds
At
3115124
At 11612)
Unrestricted funds
General fund
175.820
(94,067)
81,753
Restricted funds
Ph#s¢ 3
John Hatvey House build
Hayle HERstor) Project
1.190,947
42.704
1,190.947
204,894
4,041)
162,190
4,041)
1.233,651
158.149
1.391,800
EDdowmeni funds
Foundry Farm
John Harvey Hous¢ & Dowren H{M￿¢
Plantation Store
Pattern shop and site of fixmer Cart Shed
Artefacts
Land & buildinoJ on the east side of
Plantstion Lane. HaN'I¢
500,000
750.000
35.000
40.000
500,000
320,000
(430,0(K)I
40.fffjO
32,524
1,357.525
430.000)
927.525
TOTAL Fu￿Ds
(365,918)
2.401.078
Net movernent in funds. included in the al)ove are as follows:
Incoming
resou￿¢5
Rewurces
expended
Movement
in funds
Unrestricied funds
General fund
359.li5
(453.2021
(94,067)
Restricted funds
John Harvey Hou5¢ build
Hayle HERstory Project
162,190
9.605
162,190
4.041)
13,646)
171.795
(13,646)
158,149
Endowment funds
John Harvey House & DoMTen House
(430,0(KI)
1430.000)
TOTAL FUNDS
530,930
896,848)
365.918)
Page 30
continued...

HARVEY'S FOL.
RY
YOTES TO THE FINANCIAL STATETrIEThTS- continued
OR THE YEAR ENDED 31 MAY 2024
22.
MOVEMENT IN FUNDS-eontinued
Comp9r4tives for movemen¢ ID fvnds
movement
in funds
At
3115123
At 116122
Llnrestric¢ed funds
General fund
189,034
(lJ,214)
175,820
Restricted funds
Phase 3
Compuier Equipment
John Harvey Hous¢ build
1,196,112
300
(5,165)
(3001
1.190.947
42,704
1,196,412
37239
1,2i3,651
Endowment futkds
Foundry Farm
John Haryey House & tkjwren House
Plantation Store
Pattem shop and si* of fomier Cart Shed
Art¢facts
Land & buildings on the east side of
Plantstion Lanc, Hayle
500.000
750.000
35.000
40.000
32,524
500.000
750.000
35,000
40,000
32,524
57,525
,357 525
IOTAL FUNDS
2.742.971
2,766.996
Comparative net movement in funds. included in the above are as follows:
Incoming
resources
Resour¢e5
expend
Mov¢rnent
in funds
UnrestTlcltd funds
General fund
341,495
(354,709)
(13,214)
Restricted funds
Phase 3
Computer Equipment
John Harvey Hou5¢ build
15,165)
(300}
(5,1651
(300)
42.704
42.704
5.465
37,239
TOTAL FUNDS
384.199
360.174)
Page31
continued...

NOTES TO THE FIYAYCIAL STATEMENI TS- continued
FOR THE YEAR ENDED31 MAI. 2024
22.
MOVEMEfiT FUNDS-continutd
A C￿￿ent year 12 months and Pri￿ year 12 months combined position is as follow&
Net
movement
in funds
Ai
3115124
Ai 11612?
Unrestricted funds
Genera] fund
189,034
(107.281)
81.753
Restricted funds
Phase 3
Computer EquTpment
John Hatvey House build
Hayle HERstory Project
1.196,112
(5.165)
1300)
204.894
(4,041)
I,1￿,947
204.894
{4.041)
1,196.412
195,388
1.391,800
Endowment funds
Foundry Farm
John Harvey House & tknwr¢n House
Plantalion Store
Pattern shop and site of forn)er Cart Shed
Artefa¢is
Land & buildings on the east side of
Plantation Lane. Hayle
500.0(K)
750,O¢X)
35.IM)O
500.000
320.000
3).000
40,000
32.524
(430,000)
32.524
1,357.525
430.000
927,525
TOTAL FUNDS
,742,971
J41.893
2,401,078
A current y¢ar 12 months and prior year 12 months combined net movement in funds, included in the above are as
follows..
Incorning
resources
Resources
expended
Movement
in funds
Llnrestri¢ied funds
General fund
700.630
(807,911)
(107,281)
Restricted funds
Phase 3
Computer Equipment
John Harvey House build
Hayle HERstory Project
(5,165)
15.165)
1300)
204,894
4,041)
204,894
9,605
13,646
214,49)
(19.111)
195.388
Endowment fun(Ls
John Harvey House & DowTen House
(430,000)
(430,000)
TOTAL FUNDS
915,129
(1,257,022)
(341.893)
Page 32
continued...

I%OTES TO THE FI￿ AhCIAL STATEMENTS- continued
FOR THE Tr'EAR Eh'DED 31 MAI. 2024
22.
MOVEMENT IN Fu￿DS- continued
Restricted Fund$:
Phase 3 - the project commen¢ed during ?015 and related to the restoration of the Harvey's Foundry site which was
¢omplet¢d in 2020.
Millpond Leafiet - funding was rec¢iv¢d from Hayle Town Council towards this leafl¢t last year and was spent this
year.
Computer equipment funding was received towards the Purch￿ of a new laptop. The balance represents the
carrying value to be depr￿lated over fullwe years.
John Harv¢y House - the project commenced during 2021 and relatrd to the rcsloraiion and development of John
Harvey House. Two grdnts were received during the year ended i l May 2023 to help fund the costs of ihis project.
One grant from Ar¢hite¢turnl H¢ritage Fund and onc from Historic England. The restr>ration wsts hav¢ been
capitalised in fixed awts.
Further wts were received for this proje¢t during ?024. Thes¢ were received from Historic England, Cornwall
Council Go(xls Growth Fund Cornwall and Isles of Scilly Shared Prosperity Fund and CommunTty Capaoity Grant.
This included funding for a community outreach wogramme during ihe closure of thc HeTilage Centre.
Hayle HER￿ory project - during 2024 grants were received frThn Atm, Lirtle Parc Owls Trusi Hayle Pump and
Hayle Old Cornwall Society to enable the charity to run a projeffl and exhibitÉon to lell untold stories of Courageous
women in Cornish History. This fund is in deficit at the year end as iwo grants payable on the c(Knplelion of the
project.
Endowment Funds:
The permanent endowments were establishal b). the gift and ￿t of 3 properties fr(Mn Penwiih Distrtct Council.
The gift and sales w¢te mode to the charity on condition that ihey are held as pern)an¢nt endowments, the income
from which is freely available lo fund the activities of the chariiy.
During the year ending 31 May ?015 the freehold propertv known as 'The Plantslion Store. was transferred ￿ the
charity with the condition that it is held as a pemianent endowmemt.
During the year ending 31 May 2016, the freehold property known as The Pattern Shop amd the site of the fornjer
Cart Shed, was transferred to the chariiy M'iih the condition that it is held as a pernianent endowtnenl.
During the ycar ending 31 May ?017. the freehold land and property known as land and Buildings on the east side
of Plantation Lane. Hayle, gifi¢d to the ¢harity' bj Mr J thniels.
Page 33
coniinued...

IYOTES TO THE FINANCIAL sTATE￿IE.￿,TS- continued
FOR THE YEAR E￿DED 31 MAI, 2024
EMPLOYEE BENEFIT OBLIGATIONS
During the year ended 31 May 2023 the pension costs were £2,503 {2023.. £2,140).
At the year end the amount outstanding was £509 {2023.. £496).
24.
CONTINGENT LIABILITIES
There are Iwo overage agr￿￿entS in place w certrAin heritage assets held b). the charity.
On Iransfer of the Plantstion Sto￿5 on 26 Febru￿ 2015, the charity Wds subject to an overage agreement in favour
of Cornwall Council. The Council have a right to be paid a proportion of the sale Price in the everkt thai the property
is sold.
The overage agreement for Boring Mill Ifornially known as Grdnary Bam) is dependent on certain work being
¢arried out to install slandard services for the connection to rnwn ulilitics and to rcinstattlrwir various parts of the
structure. The terni of the agreemenl Is io years from the transfer in 202). In ihe e¥'ent of & disposal within the
overagc period before completion of this work, an additional pavmeni 150ts/0 of sai¢ pri¢e} would b¢ due to Th¢
Guinness Partnership Limited. If the specified ￿Ork is completed. the overage agreement ends.
25.
CAPITAL COMMITMENTS
As at 31 May 2024. the truslees had authorised the following expenditure that has not been recogni5ed in the
finaT]cial 5talements:
Structural and essential repairs liracludÉno draina￿ work) of John Harn'ey House ai all esutnatrd cost of £641,000.
Grdnts have been awarded to fund ihis work. of ￿1)ich £510.058 is due to be received after 31 May 2024. once
conditions to the grnnts have been mei. £120,695 was held in the bank as al 31 May 2024 from grants already
r¢¢eived but not ￿nt at this date.
26.
RELA TED P.4RTY DISCIA)SLRES
There were no relaied party Irdns&tions f(K the year ended 31 May ?024.
27.
LEGAL STATUS OF THE CHARITY
The charity is a company limi*d by guaraniee and has no share capitsl. In the event of the charity being wound up?
the liability in respe¢t of the guarantee is limited to £10 per member of the charity.
Page 34

HARVEI'S F
DETAILED ST.4TEMEliT OF FINANCIAL ACTIITITIES
OR THE
AR Ei%DED 31 K4Y 2024
2024
2023
INCOME AND ENDOWMENTS
Donations 8nd legacies
Donations rcc¢ivabl¢
Grants
1,433
171.670
1,096
42,754
173,103
43.850
Other trnding activities
Shop in¢ome
2,026
,376
lThvestment income
Interest re¢eivable
1,646
192
Charitable a¢tivi¢ies
Rcntai & service ¢harge income
354,155
338,723
Other income
Other income
58
Tolil incoming resources
5JO,9)0
EXPENDITURE
Other trnding *etivitits
Purchases
2.018
2.356
Charitable activities
Wages
Social security
Pensions
Light and heal
Staff training
Cleaning
Repairs and maintenan¢e
Security cosis
Bad debts
Other legal and professional
Orkshop and exhibition costs
Rates and wa￿r
121.882
7.025
2,153
85.581
3,580
25.412
52,783
18,708
122,210
6.898
2,140
50.197
3,801
21.100
57,853
5,841
3,155
10,857
1,0
20,098
554
17.964
355.740
285,142
Support tosts
Management
Wages
Carried forward
14.794
l4.794
This page does not forni part of the ststutory financial ststements
Page 35

DETAILED STATEME*T OF FINAYCI.4L ACTIVITIES
FOR THE YEAR EliDED JI MAY 2024
2024
2023
M9nggement
Brought forward
Social security
Pensions
Rates and waier
Insuran¢e
Telephone
Poslage and stationcry
Advertising
Sundries
Equipment expensed
Subscriptions
Website costs
Renl
Depr￿latIOn of computer equipment
Loss on sale of tangible fixed assets
Impwrmeni I0￿S for heriiag¢ asseis
14,794
1.414
350
3.964
15,787
7.500
2.776
185
3,030
22.564
7,668
3.810
2J45
3J93
185
506
706
900
1.239
6,385
882
430.000
489.874
42,480
Finance
Bank loan interest
24.012
GoVerna￿Ce costs
Audiiors, remuneration
Bank Charges
13.963
541
5.850
14,504
6.184
Totsl resour¢es expended
896,848
)60,174
Net {expenditureyincotne
365,918)
This page does not forn) part of the statutory financial statements
Page 36