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 D￿mber2023
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 P￿￿8￿￿8 0ftr￿ ￿M[￿Y wlth Charity c4)mmisson r8POrtIry 9uKlance SORP IFRS1021.
Rtrferenco and AdM￿L￿trat￿9 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 Do￿8
Gabri811a Asknvth
Ind•p8nd8nt Exam1￿[
Trudg8on HallirvJ
Wadebridg8
Comwal
Bank
HSBC
Mc18SWOrth Str8et
Wadebndga
Comwajl

OrgApJ¥•tloll*l $trutMre
Governin¥Llxwm*Ji
Tube8thtiots is B Ch￿ity rryisterwl with the CbErity Commission ullts¢h&rity DutDber 1126401. 11 is set up alld
ruD by tnembery of Polteath Metbodist Chuwb QDd is 8ovetn￿bya CODStitlltiOD upJ8ttyJ on 9thFebrwy
The ¢h•rity trthstee& 8ive thekr tirn¢ freejy •Dd rtttive rctllumtionorother FID8￿ll1b¢llefits forb¢in8
To ¢1￿￿¢ the 6tDooth n1[￿l￿g of th¢ ¢Jwity the trustcts dclryat¢OFergts0n￿ responsibility to Po￿th Methodist
CbuTch Coun¢il which *ts a5 a leadership to O￿te day to day of tbeebarity's WOTk. P0￿C4th
M¢thcdiitCbuxh CouDciI alwh¥ thewJthoysty&%llwLI8iD8tnJstees 10 #ttonbehajf of Pofz¢ath Meth￿]iSt
cbu￿b.
Thbest8tion is alsoclos¢ly ]ipkfAwith Cbristiln SurfeT5 UK ITe8i8trt&l ¢hBrity 1070830) who 8T¢ ttPTesentsJ o
thc Ix)Brd oftryst¢u (Phil Wiljiantsl.
ttW*e$, 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 ell￿bility. per8onBI cotDP¢ten¢¢b speci&listkn0wl￿se and skilL4.
As a ChristiaD charity. tb¢ tr￿1¢¢$ also SEek forthe Erf)ard to bave a fairsYP￿s¢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 UDder￿W alld th¢r¢ are po11th￿ LD Pt4LX to the ckn•riry'9 finaD¢iaJ
SYs￿repreSent 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 knbe1￿6tp&4)It￿t￿bUjId 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 tO8ethuand0rg￿1￿ts8
adivities as * me￿S of ￿vanc￿)g in life and helpiDgyouDg pyl¢ by developing their skills c4)Bciiies
d ￿P￿bib.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[ll￿ty aims. Viafjont￿l 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 Cb￿lty CoJDm15sioll's gcDeral guidanc¢on publi¢ b￿￿fit its supplemelltsry
6uidati¢c OD the advaDcernenl of teiigion forth¢publi¢ bellefit. ThecbErÈty W￿ll¢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
$ou8bt to improve0t￿b￿1dur￿1ll the CBpa¢ity of these resources to serve alld bc of bentfit totheButrouDthn8
cotDtDunity, Aod in oc￿ber 2(M)8 Tubcstution rwstered cb8Tity.
The TubestatioD buildiDg iy OP¢D toth¢publi¢ most dAyS. ]i8ht thTDugb they￿r. and È5 ytsffe41 by a SD)411 of
paid stsff alld volunteus. A small oumbtrof co[D[t￿￿￿ elements hav¢bw in¢l￿￿J
To rnake theptOi¢a 8$ s¢lf4Utfi¢ient ￿ p0￿bIe. 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¢ ¢0￿1 whith have active surfcu]ture, asperthe eharity'g
objectives. Strawcs tmplOy￿maY tn¢1￿]¢ joilliug the loc41 Reside[￿ OrP￿Ish Asswi&rioJ4 ¢lubs whe]t
8ppropri•i¢ aknd gettLng involvedwith C4)UDci1s to build reLstionthip. orwviding alld (VI￿￿ltieS 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¢Ommunity￿￿tacts. 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', p￿pts oa bolid&y in the rn", trnveliillg surfeTS and cburchgory. alld ￿ reiatilins with ea¢b
gTOUP L￿r￿￿¢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¢wdeliwpthl￿be￿¢]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 th￿itable 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¢￿ $urftrs, visitors
to the aTr4 Ioc4] bwlnu￿alld pty)plEwho benefit from actiVLtic5 Elld events.
Communlty *¢tMtles
DuriD8 theyear UDder ￿vieW ow¢ottllDunity faciltty uj Poil￿th CODttDued toptovide av81uable tccreatioD
resour¢¢ which is open to all Jnost of the week. 1lus prllDBrtly offws & Wat￿ ￿re plact for wple to ￿me at
ally ti]Lt of the weekor ytar. Withiti the facility such leisiir¢ a¢tivitie5 as aD indoorskatsbotrd raTDP. JiiaB8Zill¢S
and newsp8p¢rs to r¢ad, botrd gBmes. tDUSi4 food alld drLDK indoor and outdoor5eatingolltwo la￿¢ woodell
de¢ked treas wi.fi intern¢i.
The V¢Due ha5 rn8ryutstioD forprovidillg 50rnething for all the flttily. PETents knowtheir¢hitdrEll bave Ojll
tti a s#fr ¢DvifoDSfLent while tbey them6elves spend social togetherin & comfo￿1¢ enVkroD￿t. A
distiDctive f¢atyrt of ouroffenDg is that thet¢ 15 ]10 pre5sureto spend ]nolley orbe ￿'t￿tOn￿" in the usual Xy￿e,
although the optioD l5 tbere to buy 8otyJ qU￿]ty hOMem￿t, fairly OryODiC, or locally sourced foDd aDd
drink should they Wis￿ Lo￿1 residellts f¢¢J isoiattyj tre able to come in and benefit frotD th¢ ¢rnuntty C4fe.
The b￿h5]de l(K4tiOD nukes fora ¢reative working So, well &9 play recreatio￿ tb¢ fa¢iltty
b&s proved itself *s b¢in8of value to thost seeking a Pla￿ mee¢ or j￿t relax. It i$ r¢guLgrly used for
C(bmD)uojty mcetillg5, bwirlesg foD¢¢i￿. or Es a lleutr￿ spac¢ forilldivithjals to Work orstudy away fromhoJn¢.
Ze4th G￿l¢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 be￿8 a %)ur¢¢ of forthe cbarity. Aswell
the gallery, tht venue in Poizeath curren￿Y ￿lOrat¢S ll2uch of its w￿] Space to bangpaint￿gs and phDtowk
by local arrists and photograpber& Rnd aJ80 prnvides the publi¢ ￿8alli5ed exhibitio￿bY local artist5 911 site.
Wo)*sof art can also uwlly be ￿u￿bI. frotD which the ¢harity nOT[D￿lY take 1 25% collllDi$$i0o. The
primary purpo8eofthe gauery is to ¢teate atsd ¢llcouta8¢ wmmuoity fvrl(¥c41 artisty.
F*lth •L*ITAtI
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 Congre￿tiOn. Over
tht P&Sl yearthE suTr￿Y school haV¢b￿Bfit¢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&dic*ioD5 heid gt the¢burch overth¢ yearwbich werE8tratop[￿j￿ties
cdcbrate OUT cojmwiity.
MwthBth to the stafj voluDleers aDd swers who m2ke il 1x1￿1b]e forTubthiioDiO OF¢ll itsdwrnAlld
opttate thTwgboutthe ye4r.
Fltt*nttsl R¢vl¢w
Durin8 2023 Tubcstatioll Continued to opernt¢ a defi¢il budget. nmnin8 at a10$5 of £33k over theperiod wbich
was predornjo￿￿Y due to the café outr¢ach tilXDiD8throughoui the ycarwith pAid $r8ff.
By tbe￿d of 2023 thE ￿￿tricted rtstrv¢s fell ty £34.676 wh￿b 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 thedeci*oD 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. b￿le 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 S￿e8 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 t￿al authoTityplaDnin8 pumission aDd yJpport frorn OUT local Methodist Citcuil for Dew
pIAllS to refresb th¢ sit¢ aDdmak¢ it bctt¢r $uit¢d ty th¢¢uttEoiJJe¢ds of tb¢ u8ery aod mmm￿lty. The pla
attij to address is8ues the de£kiti& tbe marquee ￿dthe knichffliwt1jll￿ below.
We bave mJde repairs th the de¢bllg alldit isbe¢omitig inereasiti8 apparni that this oe•Js ttsbe w]￿ed8$ a
tDatter ofurgency ss structural timbers &Te rottiD8. Ollr IcThy)rary marquee wbich is tr￿t¢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 t￿re cap8citydurin8 the holidBy 5e460n. Ourkitchffl ￿ laT8e aDd disjoinied and the aurent
setup does not allow for? SiD8]e et￿loyee to operatt the ¢afé ov¢r th¢ qui¢ter5¢asons. We aye lookm8
stre￿￿1￿ethe kit¢beJL to tDth itcasLtrtO OFthtc.

kn¢of T￿￿e￿.re1Po￿i￿￿l￿1
Tn￿￿¢S are re8p)n8ible ft*rpry8ying an antsuat Tefft alld fitsallciai statements in accordgncewith appliczble law
UDEted KiDBdom AccouTLting StandzTth Iunited KiDg(brn Genernlly ACxcptrdA￿QWltsng 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 fOrth￿P¢rI0d. lttprepariti8 the fin￿¢18] siaietDEnts. the tr￿81¢¢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 explai1￿j in the f￿￿￿ls1 $ta¢eJI￿ts.
Pry3Te the fiDOllci￿ statemeDts on the goiDg conccrnbfisi5 UDl¢ss il is llwpropTiat¢ to
The trnstees are tt5PODsible for keepiD8proper 8¢¢0¥ftting r¢¢ordsthat dis¢iox re*sonabl¢a¢¢urxy at any
ume the fjnattthal p)$itiOll of the ¢harkty and kn ejthlc thejll lo eD5UTE fI￿t the fillanci￿ ststetDellts comply with
ChErity cottllDi&siollrtportin8 guidance SORP (FRS1021. &Dd the provisioDS of the constimtion. 1b¢y aT¢ alxt
reyp)Dsible fOr￿e8￿0rdIng theAsws of th¢ ¢barity a￿d hence thkin8 rtason*blcst¢p¥ foT the prrvetitioll aod
o￿t000r frfjud8ttdother trre8uiArL'tses.
Th¢ twsttes forthe pwposesof ¢bw taw who duriti8 theyetr alld up to the d&te of thisrqKKt atE setout
ott the fiont￿geOr th"s re]M)rt.
Approv￿bYtht trj$t￿ atyd si￿0 on theirbekntf by..
JPk-
Daniel Jone$
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 rUl￿t•t*0ft
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 prepara￿on 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$WCt:
11) 8¢￿U￿ting records were not k&pt in respect of the Trust as wuired by section 130 of the
Act.. or
121 the accounts do not accord wrth those records: or
131 the accounts do not comply wilh the applicable requiremonts concerning the form and
cont8nt of a￿ountS set out in the Ch8ri1ies (Accounts and Reports) Regul8tsons 2008
other Ih8n any requirement that th& accoun15 give a Irue and lair vieW which is not a
matter con3idered as part of an independent exarnination.
I have no (x)n¢em3 and have ￿m& 8cro8s no other matters in connoction with th8
examination to which attention should be drawn in thi$ ￿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•$Irf￿od
funds
Not•
Incomlng re8our¢e8
Incomlng rosour¢e$ 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 p￿Pared 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' d￿SCretIon in furtherance of the objectwes of the charity.
Restrict8d funds are those donated for the use In a particular area or for speC￿C
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 in￿rne including donations and grants that pmvide core funding or are of a
general nature is re￿gniSed 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 r￿e1Vable basis.
Income from charitable activibes includes income recognised as eamed las the relate(1
ge￿1$ 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 Do￿e
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 DO￿8.
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
so￿al 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 be￿een 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 be￿een 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 be￿een 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 be￿￿￿n 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 be￿en 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 ex￿nded
6,014
6,014
Nel outgoing resources before Iransf8r5
{4.014}
Transfers
Gross transfers be￿een 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