Charity Registration Number: 1126401 TUBESTATION POLZEATH EST.06 Trustees, Report, Independent Examiner's Report and Financial Statements for the year 1st January 2023 to 31st December 2023
TUBESTATION POLZEATH EST.06 TUBESTATION Réport ofth8 Trn8tee8 for the yeaf endad 311t Dmber2023 The truste88 pr8s0nt theirannual report and independenuy exarnin8d financial slatgments for the year ended 31* Decemb8r2023 and coTrfirni they cornply with the Charit188 A¢t 2011. the mnstilution and Ihè P88 0ftr M[Y wlth Charity c4)mmisson r8POrtIry 9uKlance SORP IFRS1021. Rtrferenco and AdMLtrat9 Infomiatbn Charty Name Tubesl8Uon Charfty Reglstration Nurnb8r 1128401 Tret4lh8rfck Hll Polze8th Cornwall PL27 6TB Boanj olTru5tees Names oflh• tru5t88s rn8nage the charty euiing th8 finanwl ye8r8ThJ to th• date ofthis raport.. Oanlel Jones (Chal Phil Willi8ms Marhn Tawor Sophle Do8 Gabri811a Asknvth Ind•p8nd8nt Exam1[ Trudg8on HallirvJ Wadebridg8 Comwal Bank HSBC Mc18SWOrth Str8et Wadebndga Comwajl
OrgApJ¥•tlolll $trutMre Governin¥LlxwmJi Tube8thtiots is B Chity rryisterwl with the CbErity Commission ullts¢h&rity DutDber 1126401. 11 is set up alld ruD by tnembery of Polteath Metbodist Chuwb QDd is 8ovetnbya CODStitlltiOD upJ8ttyJ on 9thFebrwy The ¢h•rity trthstee& 8ive thekr tirn¢ freejy •Dd rtttive rctllumtionorother FID8ll1b¢llefits forb¢in8 To ¢1¢ the 6tDooth n1[lg of th¢ ¢Jwity the trustcts dclryat¢OFergts0n responsibility to Poth Methodist CbuTch Coun¢il which ts a5 a leadership to Ote day to day of tbeebarity's WOTk. P0C4th M¢thcdiitCbuxh CouDciI alwh¥ thewJthoysty&%llwLI8iD8tnJstees 10 #ttonbehajf of Pofz¢ath Meth]iSt cbub. Thbest8tion is alsoclos¢ly ]ipkfAwith Cbristiln SurfeT5 UK ITe8i8trt&l ¢hBrity 1070830) who 8T¢ ttPTesentsJ o thc Ix)Brd oftryst¢u (Phil Wiljiantsl. ttWe$, the charity steks to idtfttify P)ple who ate membtrs of Poiz¢•tb Metbodist Chutcb aDdwbo regu]arly attend¢vents orgpJLized by the charity and are wlling to voluDteer lo belp in ourbroadettharity wo. t*J¢coDsidet8tioD is lllsy) tBken of the penoo'8 ellbility. per8onBI cotDP¢ten¢¢b speci&listkn0wlse and skilL4. As a ChristiaD charity. tb¢ tr1¢¢$ also SEek forthe Erf)ard to bave a fairsYPs¢ntItion ofall tb¢ Vario Cknstian chut¢h denomtDa¢iotu tive within the 5cop¢ of its operatioll. Risk rnaLa6&nettt The tW8tees have Se$t the risks tht cb2Tiry faces and have tsle a series of &85¢5sm¢ntswhi¢h identify the tllajor risks by 8Tea of 8cbvity, tyr ofrisk, the rrf)lentiai $cv¢rity and likeliho]. and the me&suteg thk¢n tD8nage tben). This ftlk rwsler is reviewe4 at l¢as¢allllually, ornM>Te frequently d¢peDdLD8 ots the tisk. The fing[ of th¢ ¢harity att kept UDderW alld th¢r¢ are po11th LD Pt4LX to the ckn•riry'9 finaD¢iaJ SYsrepreSent be51 w)ssible prncti¢e, Approwiate ¢hKks. supported by a regulErly r¢vi¢wed S•fegwdill8policy. mDde fortho8e wlx) work wrth thiithjk orothervulDCtthle groy orl b¢half of Tube5knti0fL
Our8itD8 TrE¢ststion se&A¢rrthve ways touse its Tesouw aod links knbe16tp&4)IttbUjId commwiity, paru¢uluty withth th¢ surfolld culbJTe of Cornwall. OuTobj¢¢ts Th¢ objew ofth¢¢harity wtset out iti the ¢hErity'5 C4>TrstitutioD Bnd4rt5u)nM a8 follows.. l. To&ssist aDd Jll2int8io a ChrisiiaL withes$ withill the 8UTfm8¢OtDrnUDity. 2. To provide for thebenefit of th¢ tnhabitlnts of Polzeath 3Th1 th¢ sum)tm¢bng aru god thepubli¢ at IBry¢ f4ciliti¢s 8Dd resouT¢ts ill the intetests of social w¢Jf8Y¢ for recreation orotbcr lei6UTe tillje o¢¢upatioll with the objects of improvJD8 th¢ir¢oJylitioLsof ]if¢ and promotsllg a 8re4t¢r sco8¢ of 3. ToAct a re¥ouT¢¢ foryouo8 wple by ptvvidiD8 B wzrtD safeplace to DX¢t tO8ethuand0rg1ts8 adivities as * meS of vanc)g in life and helpiDgyouDg pyl¢ by developing their skills c4)Bciiies d Pbib.1]es to ejthle them to ponicip8te ill so¢i¢ty as illdwdcllt tDalure 3Ed rwible dividuals by wayuf illwingthcir4ccesS to cultur¢. spon andpkny thpositiveoutof 5cb(K>l 8¢tiTrities. Our obj¢¢tives are sttout kn rtn#t OUT fttith gnd co[tll[llty aims. Viafjontl meehn8$ thetrusthB aTe illvolve41 LD the TeTriewof ourobj¢ctiv¢y9nd activiiies ensu]t they ¢ontiDue to renecl our aims. Irl caTryiO8 oul review the tnJst¢es aT¢ ¢OJ)sid¢ring the Cblty CoJDm15sioll's gcDeral guidanc¢on publi¢ bfit its supplemelltsry 6uidati¢c OD the advaDcernenl of teiigion forth¢publi¢ bellefit. ThecbErÈty Wll¢s a ruDDing dialogue with ajl i U5et5 and othermembers of th¢publi¢ about what it offers to eusute il Is meeting its objertives athd tillproviD8 its publi¢ bentfits. Sts&tegiey Tube5tBtioD Started 8$ a Doi forpTofitorwizEt2on October 2006. with an over8i8hi ¢ommitte4 2 BrnDt fiEnd ttnployees an ulldEr chapel (Po]zeath M¢thtyltstCbw¢hl Is LtspretDi8c8. Tubrstationh $ou8bt to improve0tb1dur1ll the CBpa¢ity of these resources to serve alld bc of bentfit totheButrouDthn8 cotDtDunity, Aod in ocber 2(M)8 Tubcstution rwstered cb8Tity. The TubestatioD buildiDg iy OP¢D toth¢publi¢ most dAyS. ]i8ht thTDugb theyr. and È5 ytsffe41 by a SD)411 of paid stsff alld volunteus. A small oumbtrof co[D[t elements hav¢bw in¢lJ To rnake theptOi¢a 8$ s¢lf4Utfi¢ient p0bIe. aDd 4150 to help thepurposts. It is aLwhome kn * wotshippiti8 Cbri3tiaD CQtDTDullitywhi¢hmeets orl Sunday$ 8t 8tothertiJJLe8 durillg the week in vArious fortDS. By keepiD8 our eyey open to th¢ ¢ban8ittg of the Corn], Tube8tstiOD'5 tnmtts. ststyand volunteers t*tively Seek way8 ID which resource5 ¢an b¢ v8¢d to betierbettefii ¥Ad build romuJwty- both irl Potscath 3]xi other cotDtDUOities ott th¢ ¢01 whith have active surfcu]ture, asperthe eharity'g objectives. Strawcs tmplOymaY tn¢1]¢ joilliug the loc41 Reside[ OrPIsh Asswi&rioJ4 ¢lubs whe]t 8ppropri•i¢ aknd gettLng involvedwith C4)UDci1s to build reLstionthip. orwviding alld (VIltieS forsuch local 8roup5 to flourish within Tub¢swioD space. Th¢¢harityand its AthTritie5 Ep)moted &nd Advertised ID A numberofways in¢ludtnB Faceknl ID5taw and Twitt, crnail. by word of mouth to ¢hw¢h and other¢Ommunitytacts. leadets. Frf)Sters, Dewspgp¢r& as well a5 ttewslett¢ys. TubEststioD Polzeath has found that it serves a bmad (•Junvtsity whi¢h illcludcs l(K4J t¢5ideDts. I(K club5 and &550c)]0ll5', ppts oa bolid&y in the rn", trnveliillg surfeTS and cburchgory. alld reiatilins with ea¢b gTOUP Lr¢S to ww, $0 too doE¥publirity by word of mouth. Tube5tation's sthff abo s¢ek be of¢n¢oungetDEllt aBd help to olly other church or wmmuniryoTgonizBtsoo that wi$b¢s to 8erYe its eomtnunity Ixtter.
Acllvlde¥ •Dd Acbltvtthellts How¢wp ¢¢1i¥T¢wdeliwpthlbe¢]It The chBrityvglu¢s a nmnin8 dialoguewith 8]1 itSU8ers8ttd trtber tDernb¢ry of the public aboutwhat it offt¥s to SU it 1$ tncchng its obje¢tiv¢s unstandy llnproving its publit bellcfits. The charity caft1 out8wide taD8e f activitie5 in pwrsuatt¢e of its thitable Airns. Th¢ tDJ8teEs CODsidBrthat thu¢ lLvitiEs, ¢xaD4)les of whicb are 8iveo belDW. prnTrid¢ benefit to th¢ wider ¢oullDuDity. to thog¢ who wot5bip &$ pBrt ofth¢ ¢bUt¢ $urftrs, visitors to the aTr4 Ioc4] bwlnualld pty)plEwho benefit from actiVLtic5 Elld events. Communlty ¢tMtles DuriD8 theyear UDder vieW ow¢ottllDunity faciltty uj Poilth CODttDued toptovide av81uable tccreatioD resour¢¢ which is open to all Jnost of the week. 1lus prllDBrtly offws & Wat re plact for wple to me at ally ti]Lt of the weekor ytar. Withiti the facility such leisiir¢ a¢tivitie5 as aD indoorskatsbotrd raTDP. JiiaB8Zill¢S and newsp8p¢rs to r¢ad, botrd gBmes. tDUSi4 food alld drLDK indoor and outdoor5eatingolltwo la¢ woodell de¢ked treas wi.fi intern¢i. The V¢Due ha5 rn8ryutstioD forprovidillg 50rnething for all the flttily. PETents knowtheir¢hitdrEll bave Ojll tti a s#fr ¢DvifoDSfLent while tbey them6elves spend social togetherin & comfo1¢ enVkroDt. A distiDctive f¢atyrt of ouroffenDg is that thet¢ 15 ]10 pre5sureto spend ]nolley orbe 'ttOn" in the usual Xye, although the optioD l5 tbere to buy 8otyJ qU]ty hOMemt, fairly OryODiC, or locally sourced foDd aDd drink should they Wis Lo1 residellts f¢¢J isoiattyj tre able to come in and benefit frotD th¢ ¢rnuntty C4fe. The bh5]de l(K4tiOD nukes fora ¢reative working So, well &9 play recreatio tb¢ fa¢iltty b&s proved itself s b¢in8of value to thost seeking a Pla mee¢ or jt relax. It i$ r¢guLgrly used for C(bmD)uojty mcetillg5, bwirlesg foD¢¢i. or Es a lleutr spac¢ forilldivithjals to Work orstudy away fromhoJn¢. Ze4th Gl¢ry is a venture whichopernt¢s from thE room bclow th¢ skatc tBmp ond 8ervu tyencoutage I( ¢r¢ativity 8Ld build commuDity. bas arouDd thean8 8$ well as be8 a %)ur¢¢ of forthe cbarity. Aswell the gallery, tht venue in Poizeath currenY lOrat¢S ll2uch of its w] Space to bangpaintgs and phDtowk by local arrists and photograpber& Rnd aJ80 prnvides the publi¢ 8alli5ed exhibitiobY local artist5 911 site. Wo)sof art can also uwlly be ubI. frotD which the ¢harity nOT[DlY take 1 25% collllDi$$i0o. The primary purpo8eofthe gauery is to ¢teate atsd ¢llcouta8¢ wmmuoity fvrl(¥c41 artisty. Flth •LITAtI Pojztsth Mctb¢x Cbuttb offets a publi£ service every Sund&yat IOaDL The 8trvice weicoDJes bundreds or ho]id2y mBk¢TS year who enjoy the location alld h05pitsIity Provided by the small lo¢ai CongretiOn. Over tht P&Sl yearthE suTrY school haV¢bBfit¢d from surflessons aDd 8rnDB¢ of ¢re&tivt&tivities wbi¢b has hejped ¢Dgag¢rnore with lo¢BI fthdi¢J. We had J weddmg5 and 2 ¢bild&dicioD5 heid gt the¢burch overth¢ yearwbich werE8tratop[jties cdcbrate OUT cojmwiity. MwthBth to the stafj voluDleers aDd swers who m2ke il 1x11b]e forTubthiioDiO OF¢ll itsdwrnAlld opttate thTwgboutthe ye4r. Flttnttsl R¢vl¢w Durin8 2023 Tubcstatioll Continued to opernt¢ a defi¢il budget. nmnin8 at a10$5 of £33k over theperiod wbich was predornjoY due to the café outr¢ach tilXDiD8throughoui the ycarwith pAid $r8ff. By tbed of 2023 thE tricted rtstrv¢s fell ty £34.676 whb was bBlow the tDiDiroum rescrve5p)Itcy uireDXttt of UO,O(M) or3 months of b&sic ¢osts. A DKeting WAS b¢id with the wider commutyity to discuss the of the café early io 2024 thedecioD Wfjs tskett to ie]wTrrily cl¢)se theufé ID Matcb 2024 iD order to acbiev¢ & bTeak-eveubud8et for 2024. Ibi5 allows foToutsracb a)11¢5 to yull uJdepcndeDtly from thE Cafè ID 2024.
Re5eTh¢s Poli¢y Tr rescrv¢s wIl iy to keep thrtt month5. ble nllming costs he]d irLfe5erve. This rrf>licy i$ t¢vicwrA periodi¢aJlyby the trustees. It h¥$ beeo io¢Thsed in thtyear to£SO.O(K> t$ 8 str•tC8i¢ restrye. To hjjfill its ¢knit2ble objeetives the ¢b8Tity lieS on three principl sources of fundLts8. They 8re Grant aid, Reyelluc from Se8 lon the ]imited nurnberofc0mtnerci actsvitie81. aDd Indi]dual Giving. Ail iLcomesAreuEed 00]y to Mfjll the stst¢d obi¢¢tives of the ch4rity. Platss forfuture wiods The $ite Al Polzeath Jw beets a Metkndi8t chapel sillce 1933 aDdTube8tstion hEsbeeD in opmtion asanot-fi> profit orgaDi&qtion sknce 2(M. DuJill8 the yearwtgot tal authoTityplaDnin8 pumission aDd yJpport frorn OUT local Methodist Citcuil for Dew pIAllS to refresb th¢ sit¢ aDdmak¢ it bctt¢r $uit¢d ty th¢¢uttEoiJJe¢ds of tb¢ u8ery aod mmmlty. The pla attij to address is8ues the de£kiti& tbe marquee dthe knichffliwt1jll below. We bave mJde repairs th the de¢bllg alldit isbe¢omitig inereasiti8 apparni that this oe•Js ttsbe w]ed8$ a tDatter ofurgency ss structural timbers &Te rottiD8. Ollr IcThy)rary marquee wbich is trt¢deaCh yeBrprovides much TJ¢¢ded extra spa¢e, but w¢ would l&e to d¢Yelop this thio a morepwmsjjent $t with a bett flow into the t¥Jilding to allow tre cap8citydurin8 the holidBy 5e460n. Ourkitchffl laT8e aDd disjoinied and the aurent setup does not allow for? SiD8]e etloyee to operatt the ¢afé ov¢r th¢ qui¢ter5¢asons. We aye lookm8 stre1ethe kit¢beJL to tDth itcasLtrtO OFthtc.
kn¢of Te.re1Poil1 Tn¢S are re8p)n8ible ftrpry8ying an antsuat Tefft alld fitsallciai statements in accordgncewith appliczble law UDEted KiDBdom AccouTLting StandzTth Iunited KiDg(brn Genernlly ACxcptrdAQWltsng Pryticcl. Th¢ law Bppli¢Bbl¢ to ch8riti¢5 Eo8land and Wales Tequires the Charity tswte¢s to prep8Te 6tull¢iaJ statetDents fore4¢h ycaT wluch give a true and faIr¢WOr the State of affairs of the cbanty and of tbe in¢oming resources and appb¢4tioD of te50Ut¢u of thetbarity fOrthP¢rI0d. lttprepariti8 the fin¢18] siaietDEnts. the tr81¢¢5 Bre required to.. 8cle¢t sultsble aeuthting tx>licte5 and then apply thcrn coDsistenty. observe the meth4)ds andprin¢ipl¢s in the Cbariti¢s SORP.. akc judstncnts and e5titnates that r¢LsoDabl¢ aDd pnjdent. JiatE wbether applicable accountinB Stalldatdy bave beerl follDw•i suty'ea to aDyJwwig] deparnwe$dis¢108¢d apd explai1j in the fls1 $ta¢eJIts. Pry3Te the fiDOllci statemeDts on the goiDg conccrnbfisi5 UDl¢ss il is llwpropTiat¢ to The trnstees are tt5PODsible for keepiD8proper 8¢¢0¥ftting r¢¢ordsthat dis¢iox resonabl¢a¢¢urxy at any ume the fjnattthal p)$itiOll of the ¢harkty and kn ejthlc thejll lo eD5UTE fIt the fillanci ststetDellts comply with ChErity cottllDi&siollrtportin8 guidance SORP (FRS1021. &Dd the provisioDS of the constimtion. 1b¢y aT¢ alxt reyp)Dsible fOre80rdIng theAsws of th¢ ¢barity ad hence thkin8 rtason*blcst¢p¥ foT the prrvetitioll aod ot000r frfjud8ttdother trre8uiArL'tses. Th¢ twsttes forthe pwposesof ¢bw taw who duriti8 theyetr alld up to the d&te of thisrqKKt atE setout ott the fiontgeOr th"s re]M)rt. ApprovbYtht trj$t atyd si0 on theirbekntf by.. JPk- Daniel Jone$ PosilioD Chair of iruslees Date.. 1511012024
TUBESTATION Independent Examiners Report For thè year ended 31st December 2023 Ind•p•ndent •xamlners rnport to th• fwstees of rUlt•t0ft I report lo tha trustoèy on my examination of tho 8¢counts of Tubestatlon for the y8&r ended 31 Dgcember 2023, which are sat out on pages 8 to 26. R•¥pon$lbllltles and basls of r•port As the charity trustees of the Trust you are rèsponsible for the preparaon of tho 0(xwnts in accordance vAth the rèquirements of the Charities Act 20111'the Act'l. I report in respect of my examination ofth8 Trustee's a¢cwnls carried out undèr $&ction 145 of the 2011 Act and in carying out my examination I have followed all the applicable Oir8clion8 given by the Ch8rity Commi8sKJner under section 14515llb) of the 2011 Act. Ind•pend•nt •xamln•r'$ •taternent I h8vo completed my examination. l confirm that no mat•rial mBtt8rs have ujme to my attention in o)nnection with the examination giving me cau8e lo b8lieve that in any m81erial ro$WCt: 11) 8¢Uting records were not k&pt in respect of the Trust as wuired by section 130 of the Act.. or 121 the accounts do not accord wrth those records: or 131 the accounts do not comply wilh the applicable requiremonts concerning the form and cont8nt of aountS set out in the Ch8ri1ies (Accounts and Reports) Regul8tsons 2008 other Ih8n any requirement that th& accoun15 give a Irue and lair vieW which is not a matter con3idered as part of an independent exarnination. I have no (x)n¢em3 and have m& 8cro8s no other matters in connoction with th8 examination to which attention should be drawn in thi$ t>t in order to enable a proper L*nd&rstanding of the accounts to be aChed. Joseph Tamblyn FCA Trudgeon H811in Chartered Accountants The Platt Wadebrid98 Comwall PL27 7AE Date=
Tubestation Statement of Financlal Actlvltles for the period ended 31st December 2023 Total Total funds Funds End¢>vmioni 0110112023 . 0110112022. fund• 3111212023 3111212022 U&t¢t•d funds R•$Irfod funds Not• Incomlng re8our¢e8 Incomlng rosour¢e$ from generatlng funds Donations and legacies 61,388 Charitable activiti8S 79,357 Other trading activities 17.955 Investment income 1,325 2,000 63.388 79,357 17,955 1,325 38.oc 83,440 14.235 Total In¢omlng resources 160,024 2.000 162 024 135,745 Resources expended Cost$ of Generating Funds Other trading activities Grant makirrfj Charitable activrties 7.¢)05 23.480 155,007 7,005 23,480 161,021 3,670 21.624 168.258 8&10 6.014 Govemance costs 12 3,963 3,963 2,763 Tot•1 resources •xpend•d 189,455 6.014 195,469 196.315 Not Ineoming1(outyolng) {29,4301 {4.014) (33,445) {60,570) Transfors nds Net movoment In funds (29,430) (4,0141 (33,445) {60,570) Rgconclllatlon of funds Totsl funds brought forward Total funds carrled forward 64,106 44,111 108,217 168,787 34,676 40,097 74.772 108,217
Tubestation Balance Sheet as at 31 December 2023 2023 2022 Note Flx•d Ass8ts Tangible assets 16 6,864 7,067 Current Assets Stocks and work in progress DebtOTS Cash al bank and in hand 126 500 121 105.818 106.439 17 71.779 71.905 Credltors: Amounts falllng due wlthin one year 18 (4,000) {5,2901 N•t Current Assets 67,905 101,149 N•t Assets 74.772 108,217 The fund8 of th• charlty Restridgd funds In surplus Restrlcted funds in deficit Total restrlcted funds 20 20 40,097 44,111 40.097 44,111 Unrnstrlctod funds Unrestricted income funds 20 34,676 Totsl charity funds 108.217 The fin8nclal ststements have been prepared In 8ccordance with the Financial Reporting Standard FRS102 and in compliance with the Ststement of Recommended Practice 'Accounting and Reporting by Charities. (SORP FRS1021. Approved by the Board on .....1.51.1Q12Q24..... . And signed on its behalf by.. N8me.- Daniel Jones Position.. Chair of Iruste6S The noles on pages 10 to 26 form an integral part of these financial statements.
Tubestatlon Notes to the Flnancial Statements for the year ended 31 December 2023 Statement of compllance The financi81 statements have been prepared in accordance wth the Charities Act 2011.The have also been prepared in compli8nce with the Statement of RecommerKled Practice 'Accounting and Reporting by Charities. {SORP FRS1021 and FRS102, the Financial Reporbng Stsndord applicable in the UK and republlc of Ireland. Tubestation is a public benefit entity- The Trustees conswyer that there are no material uncertainties about the charitys ability lo continue as a going concern. The chariws trading activities continue to pgrfom well and the charity expects to continue to received suffiryenl grant funding lo allow it to meet objeclives. The TnJslees b81ieve that lh8 oparation of the Tub8statlon Café as a communlty space with a skate ramp is a core part of d81ivering our charitsble objects and Ihereftire the associated costs and revenue for this activity is deemed to be charitable 8cliwty. The Zeath Gall8ry SUPPOrts local artists however this does not relate directly to our charitable objects so th9 associated St$ and rgvenue for this is deemed to b8 other trading. 1 Accountlng pollcles Basls of preparation The finanual st81ements have been pPared on 8 going concem basis under the historical cost convention. The fin8ncial statements are prepared in sleding. whith is the functional currency of the entity. Fund AGcounting Pollcy Unrestricted income funds are general funds Ihal ar8 availat*le for thè use at Ihe Truslee8' dSCretIon in furtherance of the objectwes of the charity. Restrict8d funds are those donated for the use In a particular area or for speCC purposes. the us8 of which is restricted to that area or purpose. Designated funds are unrestricted funds set aside at the discretion of the Tnjstees for Specrfic purposes. 10
Tubestation Notes to the Flnanclal Statements for the year anded 31 December 2023 Incoming resources Voluntary inrne including donations and grants that pmvide core funding or are of a general nature is regniSed under the accruals model where there is entitlement. certainty of receipt and the amount can be measured with SLrfficient r81iabilty. Govemmenl grants are cOgniSed under the performance model as required by the Charities SORP IFRS1021- Gifts in kind are recognised where goods or services are promded free of ¢h8rge and the cost Can be determined wth a reasonable level of ac¢urocy. Incoming resources from 18x reclaims arè included in the stalgment of financi81 activities at the same time as the gfft lo which they relate. Investment income is recognised on a re1Vable basis. Income from charitable activibes includes income recognised as eamed las the relate(1 ge1$ or 5ervsces are provtdedl under contracL Resources expended Liabilities are recognised as soon as there is a leg81 or constructive obligation commitbng the charity lo the expenditure. All expenditure is accounted for on an accruals basis and has be8n classified under headings that aggregat8 all costs related to the category. Costs of generating funds are the costs of trading for fundraising purposes. Cherftable expenditure compris8S those costs ificurred by the charity in the tlelfvery of its activities and services for its beneficiaries. 11 includ88 both costs that can b8 alloealed direcyy to such 8Cttvities and those costs ol an indirect nature nècessary to support them. Grants payable are payments made to third parties in the furtherance of the charitsble objectives. Where the charity gives a grant conditions for its payment being a specrfic level of service or output to be provided. such grants are only recognised in the SOFA once the recipient of the grant has provided the specific service or output. Grants payable without perfomiance eonditions are only recognlsed in the accounts when a commitment has been made and there are no conditions lo be mel relating to the grant which remain Sn the control of the charity. Provlslon8 for grants are made when the intention to mak8 a grant has been communicated lo the recipient but there is uncertainty about either the timing of the grant or the amoLtnt of grant payable. 11
Tubestation Notes to the Financial Statements for the year endod 31 December 2023 Govornan¢o costs Governance costs includ8 costs of Ihe preparation and ex8mlnalion of the statutory accounts. the costs of Trustee meetings and the cost of any18gal adv7ce to trustees on governance or constitutional matters. Support C08ts Support costs include central funelions and have been allocated lo actiwty cost categories on a basis consistent with the use of resources. for example, allocating property costs by fl)r areas, or per Gapita. staff costs by the time spent and other costs by their usage. Flxed assets Individual fixed assets costing 2100 or morè are inltlally recorded al cost. Tangible fixed assets are measured al cost less accumulative depreciation and any accumulative impairment losses. Depreciation is prowded on all tangible fixed assets, oth&r than freehold land. al rates calculated lo writs off the cost. less estimatsd residual value. of e8ch asset evenly over its expeded useful lrfe. as follows.. Plant and machinery Fixtures and fittings Motor Vehides Propety Office Equipmenl over 5 years over 5 years over 4 years over 5 years over 3 years stock Stock 18 valued al the lower of cost and net realisable value. Debtors Short term debtors are measured at tran5aclion price. Creditors Short tem creditors are measured at transaction pric•. Financlal instruments A financial asset or li8blllty Is recognised only wh8n the ¢harity becomes party to the conlraclual provisions of the instnjments. Basic financial inslrum8nts are initially recognised al the transaction pllce, unless the arrangement constitutes 8 financing Iransaclion, where it is recognised at the present value of the future payments discounted at a markol rat8 of interèst for a simi18r debt instrum8nL 12
Tubestation Notes to the Flnanclal Statements for the year ended 31 December 2023 2 Donation and Legaeies Unrestricted Fund¥ Rostrict•d Funds Endowment Funds 2023 2022 Donation$ and legacles Committed giving Appeals and donations GiftAid tsx reclaimed 29,045 29,045 26,684 27.782 27.782 5.439 4,561 61.388 5,883 38.006 61.388 Grants Granlg- other agencies 2.000 2,000 Gifts Sn klnd Appeals and donations 61.388 2,0¢)0 63.388 38,006 3 Grants Recolvable Unrestricted Fund6 Restrfcted Funds Endowment Funds 2023 2022 Donatlons and le9•cles Edgar E Lawley Foundation 2,000 2.000 2,000 2,¢)00 13
Tubestation Notes to the Flnanclal Statements for the year ended 31 December 2023 4 Charitable Actlvltles Unrestrlcted Funds Restrlcted Funds End+)wment Funds 2023 2022 Charltable actlvlty Café and Mls$lon Tubeststi( Café 79,357 79,357 79.357 79,357 83,440 83,440 5 Other Charitable Activitles Unr05trSct•d Fund5 Restrlded Funds Endowment Funds 2023 2022 Operatlng Actlvlty Zeath and Mer¢handlse Sales of goods on commission Youth Work Other income arising from the café 17,955 17.955 14,140 95 14.235 17,955 17,955 6 Investment income Unrnstrlctod Funds Rostrlctod Fundy Endowmant Funds 2023 2022 Solar P8nel Income Interest on cash deposits 668 668 657 1,325 657 1,325 14
Tubestatlon Notes to the Financial Statements for the year ended 31 December 2023 7 Fundralslng tradlng: other tradlng actlvltlas R•strfcted Endowment Funds Funds Unrestrlcted Funds 2023 2022 Opératlng Actlvlty Z•ath and Merchandlse Cost of gwds sold Support costs allocated 7.005 7,005 7,005 7,005 3.670 8 Detalls of charitablo activities A¢tlvttlo8 undertaken directly Grant fundlng Support Costs of actlvltles Allocated 2023 2022 Charitabl8 Activty Café and Mission 42,836 23.480 118,184 184.501 174.148 ECLAS . Ilfe on edge 15.734 189882 42.836 184.501 15
Tubestation Notes to the Financial Statements for the year ended 31 December 2023 9 Support costs Z•ath and Marchandlso Café and Mission Gov•rnanc• Total Employment costs 79.507 653 2,800 7,381 19.779 1.540 79.507 653 3.374 8,892 23,830 1.855 Pension costs Staff training and welfare Estsblishmenl costs Repairs and rnainlenance Office expenses Printing. posting and staliongry 574 1,512 4.051 315 38 169 185 826 223 995 Subscriptions and donations Travel and subsistence Advertising and promotion Accountancy and payroll fees Independent examination fees 320 1,563 1,883 2.869 2,869 1,094 1.094 627 1474) Bank charges VAT flat rate adjustments Depreciation of tangible fixed assets 107 (811 520 (394) 3.824 118.184 3,824 129,152 7.005 3.963 10 Grant maklng Grants to Instltutlons Grants to Indlvlduals Charitsble tivities 22.059 1,421 16
Tubestation Notes to the Flnancial Statements for the year ended 31 December 2023 11 Grants to Institutlons Name of Institutlon Polzealh Methodist Church Creation Fest Christians Ag8in8t Povety Christian Surfers Jesus Longboard Actlvlty Mission Mission Mission Mission Mission 18.061 789 750 1.914 $45 22.059 12 Govemanco costs Unrestrlcted Funds R8strlrtod Funds Endowment Funds 2023 2022 Support costs allocated 3,963 3,963 2.763 2,763 3,963 13 Trustees. remuneratlon and expenses During the year the following remuneration was paid to Iru$lees. The trustees were paid in relation lo additional work undertaken by themselves on behalf of the charity not paid in relatlon to their position as a Injslee of the charity as allowed by the charitys governing constitution. 2023 2022 Mrs S Doe 22.450 10.800 No expènses were paid to trustees during the current or previous year. During the year pension o)nlributlons lotslling £486.3012022- £2301 were made by the charity for the benefit of Mrg S DO8. 17
Tubestation Notes to the Financial Statements for the year ended 31 December 2023 14 Net outgoing resourcos 2023 2022 Accountsnls fees for Independgnl examination Accountants fees for accounts preparation and payroll seryices Depreciation of tsngible fixed assets 1.094 2,869 3.824 875 1.888 3,117 15 Employees. rnmuneratlon The average number of persons employed by the charfty {indudlng Irusteesl during the p8riod was as follows.. 2023 No. 2022 No. Charitable activiti88 The aggregate payroll costs of these persons were as follows: 2023 2022 Wages and salaries Pension Costs soal security 79.508 653 79.881 1,140 1,564 82,584 80,161 No employee received remuneration amounung lo more than £60,000 in either year. 18
Tubestation Notes to the Flnancial Statements for the year ended 31 December 2023 16 Tanglble flx8d assets Fmhold interest In land and bulldlngs Plant and machinery Flxtures. includlng flttlngs and motor vehlcles equlpment Total Cost Asat1 January 2023 Additions Disposals Asat31st December 2023 1,063 41,079 2,877 22.014 1,045 1.937 64.155 3.922 1,937 1,063 43.956 21.122 66.140 Depreclatlon Asa11 January 2023 Charge On disposals As at3tsl December 2023 1,063 41,079 575 14,947 2,774 1.162 57,089 3,350 1.162 1.063 41.654 16.559 59,276 Not b¢x)k value Asa11 January 2023 Asa131sl December 2023 7.067 7.067 2,301 4,563 6,864 17 Debtors 2023 2022 Trade debtors Other debtors 121 121 19
Tubestatlon Notes to the Flnanclal Statements for the year ended 31 December 2023 18 Creditors: Amounts falling due withln one year 2023 2022 8ank loans and overdrafts Trade creditors Taxation and social security Acuu8ls and deferred income 607 954 1,727 2.609 5,290 3.393 4,000 19 Related partles Controlllng ent The charity is controlled by the trustees. Operational management of the charity is delegated by the Injslees lo the Church Council of Polzealh Methodist Church. R8lat•d party transaction# Polzeath Methodist Church Polzealh Methodist Church is a s8parale ch8rity which Ss excepted from regislratfon wlth the Charity Commission. The Polzealh Methodist Church Councll acts as its managing Iruslees wlth responsibility for the site and building. Tubeststion makes payments lo Polzealh Méthodist Church to cover the 'assessmenl' or wnlribution paid by Polzeath Methodist Church to Bodmin. Padstow and Wadebridge Methodist Circuit Iregistered charity number 11538711. During the year the chartty paid Polzealh Methodist Church £18.06112022= £17.1681- Oth•r usors of the Tubestatlon slte George's Surf School rent space underneath the decking for board storage from Polzeath Methodist Church. George's Surf School offer surf therapy and community surf programmes through its associated Community Interest Company ICICI Another Wave. There are no payments betsveen Tubestation and George's Surf School or Another Wave. Grants & support for events: A totsl of £2.45912022.. £2.6571 was paid to Christian Surfers. a UK registered charity, for whom Trustee Philip Williams also aet as Iruslèe. £1.914 was paid as a charitable grant and £545 was paid in sponsorship of the Jgsus Longboard Classic12022-. £2,400 was paid as a charitable grant and £256 was paid in sponsorship of the Jesus Longboard Classic). 20
Tubestation Notes to the Flnancial Ststements for the year ended 31 December 2023 20 Anatysls of funds At31st Dec•mb•r 2023 At 1st January 2023 Incoming Rosourc•s Rèsources Expondod Transfor¥ Designat•d Fund Hardship fund 1,422 1,422 General Fund Unrestricted income funds 64,106 188 033 Restricted Funds Ests ECLAS- Life on Edge Specific Equipment Building fund 44,111 44,111 2.000 2,000 6.014 6,014 40.097 40,097 108,217 162.024 1195,4691 74,772 21 Transfers During the year £nil12022.' £Nill was transferred from the restrfcteil Esta fund lo unreslrfcted funds on the completion of the Ests prolecl. Durfng the year £nil (2022.. £6381 was transferred from the ECLAS- Life on Edge project lo unrestricted funds on the completion of the project. During the year £1,42212021.. £3001 was transferred to the Hardship Fund from unrestricted funds lo assist with the Hardship Grant pald during thè year. During the year £Nil12022.' £44,111) and £Nil1£2022'. £2,713) were transferred from the Speclfic EqLtipmgnl Fund lo the new restricted Building Fund and unrestricted funds respectfvely. The Specific Equipment Fund was created for the funding of specific equipment used by the charity and also sile improvements. The specific equipment was purchased as per the donors instructions and as there is no ongoing restriction regarding the use of the assets within the charity, these assets have. this year. been transferred to unrestrfcted funds. The orfgln81 slle improvements were completed to a lesser degree than initially expected le8VifFg the fund in surplus. The charity has contscted all significant donors to inform them of this and requested the donors, approval lo move the Surplus funds to the new restricted fund. Where the donors did not approve, th8 donations were retumed. The Irustees hav8 now commenced a new site improvement project, liued Tubeststion 2.0, and sufficient funds have bèen transferred lo the new restricted Building Fund lo cover the ini1181 cos15 of this project. 21
Tubestation Notes to the Flnanclal Statements for the year ended 31 December 2023 22 Net asset by fund Unrestrlcted Funds Re8trlcted Funds Endowment Funds 2023 2022 Tangible assets Current asselg 6.866 6,866 7.067 31,808 40,097 71.905 106,439 Creditors.. Amounts falling due within one year 4,000 34,674 4,000 74,772 5.290 108,217 40.097 Hardshlp Fund 2023 Hardship Fund 2022 Rgsources •xwnd•d Charitsble activities 1,422 1.422 300 300 Net outgoing resources before transfers {1.4221 1300) Transfor Gross transfers beeen funds 1,422 300 Net movements in funds Rgconclllatlon of funds Total funds brought foN48rd Totsl funds carried forward 22
Tubestation Notes to the Financial Statements for the year ended 31 December 2023 Unr•strlet•d Unr•strlct•d Income Fund Income Fund 2023 2022 Incomlng resources Donations and legacies Ch8ri1able activities Other trading activities Investment income Total incomlng resources 61.388 79,357 17,955 1,325 160,024 40.506 83.440 14,235 138,24S Resources expended Other trading activities Grant making Charitable acttvitiè$ Govemance costs Total resources expended 7.005 23.480 155,007 3,963 189.455 3,670 21.324 149,106 2,763 176,863 Nel outgoing resources before transfers 129.4301 138.6181 Transfars Gross transfers beeen funds 3.051 Net movements in funds 129.4301 135.567) Raconclllation of funds Totsl Funds brought forward Total Funds carried forward 64,106 99,673 64,106
Tubestatlon Notes to the Flnanclal Statements for the year ended 31 December 2023 Ests 2023 Esta 2022 Incomlng rnsourc•s Voluntary income Activities for generating funds Investment income Incoming resources from charitable activities Total inDJming resource$ Rasourcos expended Fundraising trading.. cost of goods sold and other costs Charitablo activities Govemance costs Total resources expended Net outgoing resour¢e$ before transfer5 Transfers Gross transfers beeen funds Net movements in funds Rocon¢lllatlon of funds Total Funds brought foThY8rd Totsl Funds carried fornard 24
Tubestation Notes to the Financial Statements for the year ended 31 December 2023 Spectfic Equlpment 2023 SpeclfS Equlpmgnt 2022 In¢omlng resources Voluntsry incorne Activities for genèrating funds Investment income Incoming resources from charitabl8 activities Total incoming resources 12,5001 2.500 Resources expended Fundraising trading= adverbsing. repairs and maintenance & fixed assets Charitable activities Governance costs Total resources expended 3,418 3,418 Net outgoing resources before transfers (5,9181 Transfers Gross transfers ben funds 46,824 Net movements in funds 152,7421 Reconclllatlon ol funds Total funds brought forward Tot81 funds carried fornard 52.742 25
Tubestation Notes to the Financial Statements for the year ended 31 December 2023 ECLAS . Llf• ECLAS- Llf• on Edge 2023 on Edge 2022 Voluntsry income Activities for generating funds Investment income Incoming resources from charitsble actlvities Totsl inc£•ming resources Resources expended Fundraising trading: advertising, repairs and maintenance & fixed assets Charitable activities Govemance costs Totsl resources expended 15,874 15.874 Net outgoing resourcgs beft)re transfers {15,874} Transfor$ Gross transfers been funds 498 Net movements in funds {16.372} Re¢oncllSatlon of funds Totsl funds brought forward Total funds carried foFward 16.372 Bulldlng Fund Bulldlng Fund 2023 2022 2.000 Voluntary inetsme Activities for generating funds Investment income Incoming resou$ from charitable activities Total incoming resour 2.0 Resources expendgd Fundraising trading= advertising. repair5 and maintenance & fixed assets Charflable activities Govemance costs Totsl resotjrces exnded 6,014 6,014 Nel outgoing resources before Iransf8r5 {4.014} Transfers Gross transfers beeen funds 44,111 Net movements in funds (4,0141 44,111 Reconclllation of funds Totsl funds brought forward Totsl fund8 carried forward 44,111 40,097 44,111