RRL,
Charity Registration No. 1149763
Company Registration No. 0817S764 {England and Wales)
THE CORNUBIAN ARTS AND SCIENCE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms TRS Gleadowe
Mr CJ Hibbert
Mrs KS Townshend
MrAG Cameron
Mr PR Williams
Mr JA Wilkin
Secretary
Mr JA WThlkin
Charty number
1149763
Company numbgr
08175764
Regl$ter&d offlce
3 Penrose Road
HELSTON
Comwall
TR13 8TP
Independent examlngr
Mark Williams FCA DChA
RRL LLP
Peal House
Newham Road
TRURO
Comwall
TR1 2DP

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
CONTENTS
Pagg
Trustees. report
Independent examinerfs report
11
Statement of financial activities
Balance sheet
13
Notes to the financial statements
14-22

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out In note 1 to the
financial slalements and comply wth the charity's Articles of Association, the Companies Act 2006 and 'A¢counling
and Reporting by Charities". Stslemenl of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Repo￿.ng Standard applicable in the UK and Republic of Ireland IFRS 1021.
Objectlves and actlvltles
The Objects of the Comubian Arts & Science Trust, are as follows..
To educate in and promote the Arts and Sciences for the public benefit and lo further the development of the public
appreciation of the Arts and Sciences.
CAST aims lo promote participation, appreciation and learning in the visual arts and lo encourage interdisciplinary
dialogue and collaboration across the arts and sciences. 11 is commrtted lo the pursuit of excellence.
CAST works with artists, curators, writers and specialists from other fields, locally, regionally, nationally and
internationally, to develop professional expertise and exchange, to present examples of outstanding creative
practice, and to create opportunities for audiences of all ages lo experience groundbreaking cultural activity.
CAST'S activities include.. organisation of professional workshops, conferences, lectures and other educational
aclivilies, visual arts events and exhibitions, and management of studio spaces in its Helslon building lo provide
workspaces for artists, selected according lo the following criteria..
The quality and potential of their work
Their commitment to make full use of their work spaces to develop their own creative practi
Their interest in being part of an inter-generational comrnunity of artists and in contributing towards a strong
and outward-looking creative community
Their sympathetic understanding of CAST'S aims and of CAST'S commitment lo offer public benefit through
practice, research, instruction, learning and enjoyment of the arts and seienees in Cornwall, and nationally
and intemalionally.
The ITUStees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the
charity should undertake.

THE CORNUBIAN ARTS AND SCIENCE TRUST
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FOR THE YEAR ENDED 31 DECEMBER 2021
Slgnlflcant actlvltles
CAST developed out of a series of contemporary art events organised in Cornwall since 2010 The Falmouth
Convention (May 20101 and The Penzance Convention (May 20121
and residential workshops held at Kestle
Barton on the Lizard peninsula since October 2011. Several of these events involved dialogue between artistic and
scientific disciplines. Through events such as these, CAST seeks lo provide opportunities for artists and audiences
in Cornwall and the South Wesl lo be engaged in thinking inlernab"onally and across cultures.
CAST is based in Helston, in the former School of Science and Art given lo the town by the philanthropist John
Passmore Edwards in 1897. The building later became a County Secondary School and was extended in 1905 and
1913. bul il became redundant with the introduction of comprehensive education in 1972 and was later used as a
Community cenlre. It was sold by Helslon Town Council in August 2012. The building was purchased by two
benefactors and was initially leased to CAST at a peppercorn rent on a lease of six years, renewable. In 2016 the
benefactors decided to give the building to CAST and ownership was transferred in January 2017. CAST Trustees
intend that the building should play a significant part in the cultural and creative life of the people Df Helston and the
surrounding area, while al the same lime having a role as a nationally and Indeed intemalionally important focal
point for the arts.
CAST manages the building as a studio complex and also presents a very active programme of public activities,
including talks, workshops, screenings and other cultural and educational events and activities. The Groundwork
programme, which ran from 2016 10 2018, was CAST'S most ambitious project lo dale- a Ihree-year programme of
international contemporary art SLJPPOrted by Arts Council England IACEI through a grant of £500,000 from the
Ambition for EX￿llenCe funding scheme, with additional grants of £50,000 each from Freelands Foundation,
Ampersand Foundation and Cornwall Council.
Achlevemènts and pgrfomiancg
Charitable Activities
In 2019, following the close of the Ihree-year Groundwork programme, CAST had to adapt to substsntial down-
scaling of its budget, while also striving lo sustain activity and develop opportunities offered by the experience of
Groundworf(. The Trustees recognised the importan¢e of maintaining a public programme and the need lo find
funding for this, acknowledging that CAST had made progress to date by wmbining long-term strategy with alert
responses to ftjnding opportunity.
In the summer of 2018 CAST had received ils first grant funding from the Garcia Family Foundation, given lo
support the Lightbox programme of creative activities for children and families held during the August school
holidays. This grant also enabled the development of 8 two-week programme of workshops for primary schools
I'The Surprisingly Adventurous Rhododendron'l held in June 2019. The Garcia Family Foundation had agreèd
second grant lo support the 'Think and Make, workshops for children and families held at CAST during August
school holidays in 2019.
As a result of this successful engagement with the Garcia Family Foundation, Teresa Gleadowe had met with a
representative of the Foundation, who invited CAST lo apply for ongoing support. An application was prepared and
submitted in November 2019 and on 10 January 2020 CAST had received an email confirming that the Foundation
had agreed to Support CAST wth a grant of £50,000 per year for the next three years. The first grant had been
received on 7 February 2020. A full ￿port on the first year's activities had beèn prepa￿d and sent to the Foundation
on 1 December 2020. The second grant of £50,000 was ￿ceiVed on 23 February 2021.

THE CORNUBIAN ARTS AND SCIENCE TRUST
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TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
In 2020 CAST had been awarded an Emergency Response Grant of £28,170 from Arts Council England. A report
had been submitted by the end of the year and the last 100k of this granl1£2,8171 was received in January 2021.
During the early months of 2021 Teresa Gleadowe and Cal Bagg also worked on a Proje¢l Grant application to Arts
Council England for a wide range of 'talent development, projecis, inclLJding continuing support for a new Saturday
art dub that had been launched in May 2021, and a range of other work with young people and ¥Mth artists. TD
develop this application Teresa Gleadowe corresponded wth Elizabeth Price about plans for the sixth Cornwall
Workshop, lo be held al Kestle Barton in March 2022, and discussed wth Mark Leckey the possibility of developing
a Film & Video Lab in Cornwall in the summer of 2022 (this conversation had started in the context of an
unsuccessful application for project funding from Outset Partners, submitted in February 20211. The Arts Council
Project Grant application was submitted in June 2022 and news that a grant of £49,999 had been awarded was
received in September. The first tranche of the grant, £25,000, was paid in November 2021.
Lockdown grants totaling £17,431 were received from Cornwall Council in the period February to April 2021.
During the lockdown period CAST also prepared and submitted a number of small grant applications for a weekend
event enlilled 'Water and Stone,, lo be held at CAST In September 2021
applications to Cllr Mike Thomas and Cllr
Guy Foreman for Cornwall Council Community Chest contributions and to the Curry Fund for Geology and Cornwall
Heritage Tru51. The project was developed in association with the Helslon Makes It programme al the Museum of
Cornish Life directed by Jude Carroll, who also submitted applications lo Helslon Town Council and lo FEAST.
CAST managed all income and expenditure for the project. In February 2022 CAST also made an application lo
Helston Town Council for a grant of £5,000 towards a second iteration of the CAST-Off programme, to be held in the
walled garden at National Trust Penrose. This was later supplemented by a grant of £1,000 from Litt￿ Parc Owles
Trust and £1,000 from FEAST.
Major Renovations
In 2020 Trustees had agreed a budget spend of up to £100,000 on external works
lo renew roofs on the oldest
118971 part of the building and the pyramid-shaped roof on the middle119051 section. The schedule of work had
also included replacement and renovation of windows at the wesl Icafél end of building and lime pointing at the rear
of the building. This work, undertaken by Jason Tripconey and Adam Jackson, continued into the early months of
2021, taking advantage of the OPPDrtunity to undertake disruptive external work while a￿sS to the building was
reduced because of the pandemic. Continuation of the building project into the early months of 2021 involved an
additional spend of c.£30,000, bringing the total capital spend on this project over years lo c.£128,000. New
signs, commissioned for the back of the building and for the entran￿ to the Wendron Street car park and the
bottom of Penrose Road, were in place by April, when the Café was able lo re-open for outdoor servi￿.
Ceramlc Studlo Project ICLLDI
During the first Coronavirus lockdown, in May 2020, CAST had received news of an opportunity lo aR)ly for a grant
from the European Regional Development Fund IERDFI through the Community Led Local Development scheme
ICLLDI administered by Cornwall Development Company ICDCI. In June 2020 Teresa Gleadowe had submitted an
Expression of Interest to West Cornwall Local Action Group for a grant to transform an unused studio space in the
CAST building into a ￿ramIC studio. The scheme also included renovation of a small rear extension lo provide a
wet room and WC. The Expression of Interest had been supported by the LAG and a full application had been
submitted on 6 November 2020.

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FOR THE YEAR ENDED 31 DECEMBER 2021
Many further enquiries were raised by CDC after the application had been submitted, but the applit2tion was finally
presented to the Local Action Group on 17 May 2021 and a fomial letter was received by email on 25 May 2021,
offering a grant of £50,315.45 against a total expendvcure budget of £71,879.21, the shortfall to be covered by
CAST. The project description was.. 'CAST Ceramics Studio.. A prDject to convert currently unused spaces within the
CAST building in central Helston into a facility that will accommodate a ceramics studio for a range of professional,
community and learning activities'.The delivery timescale was specified as 11612021 to 301612022, but in practice f(
was not possible lo start work on the project until the end of July 2021, as Adam Jackson and Jason Tripconey, the
builders appointed to do the work, were engaged on another project and unable lo start Immedialely.There were
also supply chain difficulties caused by the pandemic, and the cost of materials rose steeply as a result of Brexit, so
that it proved impossible to match prices quoted in the autumn of 2020 when the application was being prepared.
However, the first part of the project Irenovalion of the rear exlensionl was completed on schedule and the first
claim for reimbursement was submitted lo CDC in November 2021. The first grant payment of £13,504 89 was
received on 23 December 2021. A variation was agreed by CDC extending the end date of the project to 31
December 2022.
Programmes
The year started with the re-inlroduclion of lockdown. CAST was closed to the public during January, February,
March and April, but artists were able to come into the building lo work in their studios. as was the case during
previous lockdowns, and exterior renovation and roofing work continued Isee above). The Café opened for outdoor
service on Tuesday 13 April.
Public Programme
CAST'S public programme resumed on Tuesday 18 May, with day-time screenings of the film 'Green School
Memories,, presented on a loop in the black box screening space from 18 to 29 May, encouraging visits by former
'Green School, pupils and teachers. This proved to be a good way for CAST lo r&open It5 doors to the public,
starting with a local audience. On 27 and 28 May the Porthleven-based filmmaker Sky Neal introduced evening
screenings of her documentary film 'Even When l Fall,, preceded by CAST Café supper. Both evenings attracted
good audiences, although numbers were limited because of continuing Covid reslriclions. From 8 June lo 10 July
CAST presented a looped presentation of Huw Wahl's film 'The Republics,, about the poet Stephen Watt, ￿rith a talk
and Q&A on 10 June at which Huw introduced his next project, a film about sailing without auxiliary power. AlthoLJgh
slow and contemplative in character, 'The Republics, was greatly admired by Some CAST regulars, including Jules
Lews, who wrote about it in his blog.. htt
ules-lewis.blo
2021
07
the-re
ublic5.html?m-1
'Saw Huw Wahls T17e
al C-A-S-T today. Having just bgen given the all-clear from self-isolating, il was a
guNlly pleasure to slip away and enjoy this unique film. Llnf&mNliar with Stephen Watts's poetry, I d￿n¥ really know
what lo expect, bul most films featured by GA-S-T are well worth a look, and this was no exception.. What realty
struck me is Waltss ability to obseNe, caplured over and over again by Wahl. There are scenes Whe￿ Walts sits
watching a dance, or is seemingly lost obseNing a goat and its kids gambol amund an Italian villasE. Pert3aps a key
lo poetry is to be able lo Injly look at the wortd a￿Und you...Really ￿cOMMend this beautiful film.,
Two furtherArtist's Choice events took place before the summer break.. on 17 and 18 June CAST studio holder Nina
Royle introduced Wong Kar Wai's classic film 'ln the Mood for Love. and on 15 and 18 July musician and composer
Graham Fitkin presented Godfrey Reggio and Ron Fricke's experimental film 'Koyaanisqalsi'. The screenings
attracted capacity audiences, including many who had not previously visited CAST. The programme of short films
'Women of Comish Music,, presented by the Hypatia Trust on 30 and 31 July, also brought many new people lo the
building.
During August the screening programme again drew on CAST'S own resources, with a looped presentation of
Manon de Boer's film 'Bella, Maia and Nick,, commissioned for Groundwork in 2018.
The autumn season of Artist's Choice screenings started in September, wth most films shown on two successive
evenings lo oplimise audiences, while providing for social distancing. The first film of the season 'Bonfire', the debut
featu￿ of YakutlRussian filmmaker Dmitrii Davydov. had been chosen by Kale de Pury, Falmouth University lecturer
and former Associated Press Moscow Bureau Chief, and was scheduled lo be shown on 20 November 2020, bul
cancelled when a lockdown was introdLJ¢ed. Kate de Pury had since left Falmouth lo lake up a new post in Moscow,
but retumed to Corrmall to Introdu￿ the film on 3 September 2021.

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The 'Waler and Stone, event, organised by CAST in association with Helslon Makes11, look place over the weekend
of 24 10 26 September. There was an enlhusiaslic response lo all parts of the programme, which explored the
geological sources of Helslon's exceptionally fine granite buildings and pavements, and the relationship between
geology and industry that is evident in the town's network of kennels and opes, through guided walks, masonry
demonstrations and pigment-making workshops, as well as talks and presentations in CAST'S black box screening
space. Speakers included urban geologist Ruth Siddall, sculptor and granite enthusiast David Paton, geologist Beth
Simons and architectural conservation expert Nick Collins, as well as artist Richard Wentworth, who visited from
London. Helslon Town Band generously agreed that stonemason Jamie Pharoah could use their lale-nineleenlh-
century building on Church Street lo give demonslralions of masonry techniques. The talk5 were recorded and
posted on CAST'S YouTube channel..
On 9 October CAST hosted a very successful event, 'Red River, Listening lo a Polluted River,, which was
independently organised by Cat Bagg of Field Notes and led by poet Dr John Wedgwood Clarke of the University of
Exeter as part of a research project funded by the Arts and Humanities Research Council through their Leadership
Fellowship scheme. The weekend started with an Artist's Choice screening of Andrei Tarkovsky's classic film
'Stalker' chosen and selected by John Wedgwood Clarke.
CAST also worked off-site, contributing to the Bangers & Mash-up festival held at United Downs Raceway near St
Day on the weekend of 15 to 17 October (the festival had been planned to take place in July 2020, but was
cancelled because of the pandemic). London-based fashion designerslartisls Harry Evans and Robert George
Sanders constructed costumes and sculptures using found materials collected by the festival organisers George
and Owen Braines from recycling cenlres in Cornwall. This Intervention built on the visit by Robert George Sanders
in January 2020 (when he gave a talk al Falmouth School of Art and conducted a workshop with Falmouth students
al CASTI. 11 was funded from the festival budget, as was 'Transformalion Station, a programme organised by
members of CAST'S learning team, offering free creative making sessions for children and young people. Students
from Falmouth University were involved in both aspects of the project.
From 2 November to 23 December CAST was privileged to present a looped screening of John AkDmfrah's feature-
length documentary film 'The Stuart Hall Project,, a portrait of the influential Jamaican-bom intellectual Stuart Hall
11932 20141. This presentation was arranged diredy with Akomfrah's production company, Smoking Dogs Films.
The film was greatly admired for Its rhapsodic approach to the editing of archival material and ils Miles Davies
sound track, and the presentation was extended for a second month lo enable more people lo see It. A Special
evening screening was held on 16 December, wth an introduction by Caroline Deeds. Lecturer in Factual Television
and Documentary at Falmouth University, who first mel Akomfrah as a visiting tutor when she was studying al the
National Film and Television School.
The programme for the end of the year also included Artist's Choice screenings introduced by artist Lucy Stein (the
1966 film 'Daisies' by Czech director Vera Chyiilova shown on 11 and 12 November) and by artist, musiaan and
music producer Liam Jolly (cult music documentary'Digl' shown on 25 and 26 November).
Introductions by Lucy Stein, Liam Jolly and Caroline Deeds have all been published on the CAST websf(e'.
tt s".Ilc-a-s-t.or
.ukldaisies-Inlroduction-b -luc
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.uklliam-
-i-inlroduclion-lo

THE CORNUBIAN ARTS AND SCIENCE TRUST
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TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
Learnlng Programme
Work with primary schools was again disrupted by the pandemic, but relationships with local schools continued lo
grow. In the early part of the year, while government restriclions prevented CAST from welcoming sctrmls to the
building, CAST'S learning specialist, Lucy Grant, provided a series of outdoor sessions for local primary schools,
drawing on the experience of CAST-Off. Sessions took place in the grounds and environs Df each school, with
activities designed to develop creative learning and engagement through observation, drawing and making.
The second CAST-Off programme of free summer activities for children and families was held in the walled garden
al Penrose on Tuesdays and Saturdays, 3 10 28 August 2021. The first CAST-Off programme, held in August 2020,
had undoubtedly slrenglhened relationships with primary schools, and Lucy Grant's work with the schools in tum led
to a much wider range of participants in CAST'S holiday activities for children and families. CAST'S relationship with
the National Trust grew strongly as a result of holding CAST-Off activities in the walled garden in Penrose. The
programme for 2021 also included a second iteration of Ben's Den, this time occupying a small wood cn the edge of
Helston, close to the Buthrk housing estate.
In October 2021 11 was possible to welcome schools back into the CAST building for a programme of 'Art Labs, on
the theme of colour. Hosted in CAST'S learning studio and black box screening space, 'Chromaco
ia. I'chroma,
meaning colour, 'copia' meaning plenty) introduced the science behind colour perception, the role colour plays in
nature and the value and power of colour in communication and art throughout lime.
In May 2021, with support from the Garcia Family Foundation, CAST launched a Saturday Club, offering a series of
creative workshop sessions for 12- to 1 &year olds. A six-week pilot programme started on 22 May and ran in June
and July, with a break for half-term. After this successful and well attended launch, Saturday Club sessions resumed
in September and a bid for funding lo continue into 2022 was included in the Project Grant application submitted to
Arts Counul England in June 2021.
CAST Studlos
All studio numbers were changed in January 2021. 10 introduce a more rational numbering system throughout the
building. Cornwall Council and the Valuation Office were informed of these changes. The following notes follow the
new numbering.
Two Falmouth graduates, Amy Morgan and Elizabeth Langley, had moved into the attic studio in June 2020, with
support from Cullivalor. Mikey Croft had moved into Studio 20, also supported by Cultivator. Vvhen the Cuytivalor
residencies came lo an end, Amy, Elizabeth and Mikey all wished 10 stay on at CAST, tsking responsibilty for their
own rent. CAST sought a third artist to share the attic space and Nathan Henlon moved into the attic studio on 1
July 2021.
There were a number of changes in studio tenancies during the year.. Bronwen Buckeridge moved from Studio 15
into Studio 14 on 1 April 2021, paying a discounted rent of £150 on the undersianding Ihat she was waiting for a
smaller studio to become available. Rachel Seely had moved into Studio 17 in September 2020 but moved out on
23 January 2021. Josh Vyvyan moved Into Studio 17 on 24 January.
Mike Hoggett moved out of Studio 5 at the end of March 2021 and Georgia Gendall moved into this studio on 1 April
2021. Tom Sewell moved into Georgia's old studio (Studio 191 on 1 April 2021.
Demand for studios remained strong, especially for the smaller spaces. The creation of small sludK)s in the former
toilet block, combined with the creation of a shared studio in the attic Istudio 101. has attracted a number of younger
artists to CAST, which is seen by Trustees as a very positive development.
CAST requires artists with studios in the building lo hold an Open Studios weekend each year. The pandemic made
il impossible to hold such an event in 2021, as had been the case In 2020.

THE CORNUBIAN ARTS AND SCIENCE TRUST
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Partnershlps
CAST'S relationships with other organisations in Cornwall had grown strongly as a result of the Groundwork project.
These relationships had been maintained during 2020, despite the difficulties imposed by the pandemic, and CAST
made efforts to ensure that initiatives by partner organisations were supported in CAST'S monthly e-newsletter. This
continued throughout 2021, with a seth'on Df the newsletter headed 'You MightAlso Like, providing news of activities
and events elsewhere. Readership of the newsletter grew strongly during 2021, as did CAST'S followng on social
media.
CAST continued to maintain a good relationship with the Museum of Cornish Lrfe and developed the 'Waler and
Stone, event in partnership with Helslon Makes It. 'Water and Stone, also led to an ongoing relationship with the
Curry Fund for Geology, which supported the 'Waler and Stone, event and has subsequently agreed a grant lo
support publication of a forthcoming illuslrated bo0￿et written by Ruth Siddall, introducing the geological sources of
some of Helston's landmark buildings.
Nicola Bealing's visit lo Centro de Arte de San Agustin Icasal near Oaxaca in Mexico in Februarylmarch 2020 had
laid the foundations for a future residency exchange between CAST and Casa. The pandemic made il impossible to
continue developing this exchange, bul fund5 to support a residency by a Mexican artist at CAST had been secured
from Art Fund and contact was maintained with Laureana Toledo and Casa.
Teresa Gleadowe had joined Helslon CIC IHCICI in July 2020. Her involvement wfch the CIC grew during 2021,
when Helston made a successful application for a Town Vitality Fund grant of £100k and work began to develop a
number of projects in preparation for an application to the government's Levelling Up Fund, adminisiered by
Cornwall Council. She was especially engaged in discussion of the Helslon Cultural Quarter project and provided
feedback on other aspects of the overall scheme. In April 2021 she joined the ne￿Y formed Place Shaping Board.
Her involvement wlh the work of both the HCIC and the Place Shaping Board grew throughout the year.
In December 2020 Teresa Gleadowe and Malcolm Oliver, also a member of HCIC. had held a focus group meeting
al CAST to invite the views of younger Helston residents on what the town needed in terms of activities and
resources for young people and for people in their twenties and thirties. These conversations continued on Zoom
during lockdown in early 2021. They prodU￿d a number of ideas. including a proposal for a series of contemporary
dan￿ workshops for young people, to be led by Rambert School graduate and Helston resident Sapphire Sumpler.
A small budget to realise this proposal was included in the Project Grant applicab'on submitted lo Arts Council
England in June 2021.
CAST has a strong relationship wf(h Falmouth University and especially with Falmouth School of Art. Because of the
pandemic, the School of Art was not able to hold sludenl residencies al CAST during the summer of 2021 as
originally envisaged, but the university honoured its commitment of £1,000 and il was agreed that CAST would
provide work experience for Falmouth students through involvement with the CAST-Off programme and with the
Saturday Club led by Kate Turner. Students from Falmouth also participated in a workshop led by artistslfashion
designers Robert George Sanders and Harry Evans at Ihe Bangers & Mash-up Festival in October.
Teresa Gleadowe had been a member of the University of Exeter's Arts Commissioning Advisory Group since 2019
and the relationship with University of Exeter developed further through CAST'S involvement with the Red River
project led by John Wedgewood Clarke.
During September 2021 CAST hosted successful residencies for students from Dartington's MAArts and Place.
This was a new partnership, developed in 2020.
In November 2021 Teresa Gleadowe was approached, ¥Mth Anne Barfow, Director of Tate St Ives, James Green,
Director of Newlyn Art Gallery & The Exchange and Libby Buckley, Director of the Leach Pottery, to contribute ideas
for Cornwall's bid for City of Culture 2025. Ideas were discussed on Zoom for submission to Julie Caplin Grey of
Hall for Comwall in January 2022.

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CAST Café
At their meeting in November 2019, CAST Trustees had agreed that CAST Café should be granted a rent holiday
from 1 November 2019 to the end of April 2021, to enable it to weather very difficult trading conditions. This
agreement was reviewed at a meeting of CAST Trustees in May 2021. Like most other hospitality businesses,
CAST Café had suffered serious difficulb'es as a result of Covid-19 and Trustees agreed that the rent holiday should
continue.
Dominic Bailey had left Comwall in April 2021 to live in Mallorca and w85 now managing the Cafè remotely. Mikey
Croft was employed as front of house manager, assisted by Amy Morgan. Awen McBride continued as chef, working
two lo three days a week and Mollie Goldslrom had joined the team as second chef. Dominic Bailey continued lo
manage the business, advise on menus and sel stsff rolas and was available lo talk lo Café staff on a daily basis.
The transition to a remote management arrangement had been described by Café customers as'seamless, and had
not had any negative impact on the Cafè's trading performance.
Trustees agreed unanimously that the Café's value lo CAST'S public profile greatly exceeded that of any rent
received. The Café serves a crucial function as CAST'S public interface and 'fronl door, and conlribules very
subslanlially to the life of the organisation, projecting CAST'S emphasis on excellence and welcome through the
Café's food offer and approach lo hospitslity.
Trustees asked that the Café should be prepared lo share figures on an 'open book, basis. Options would be
reviewed again when trading figures were available for the year to De￿mber 2021. It was agreed that Café staff
would take on responsibility for undertaking monthly fire alarm tests and for visual checks of corridors and exits,
cleaning toilets and keeping the public areas of the building clean and b'dy, as well as organising annual checks of
fire extinguishers.
Impact of Covid-19 pandemic
Almost all CAST studio holders had been supported by the Small Business Rates Relief scheme introduced at the
start of the pandemic and artists were able lo continue working in their studios. so CAST did not suffer loss of rental
income as a result of the pandemic. There was loss of income from short-term hires, awaydays and symposia, but
losses were compensated by government grants and by the Emergency Response Grant from Arts Council England
received in 2020. Following the pandemic and Brexit, a steep rise in the cost of materials added subslanlially to the
cost of the ￿ramIC studio project.
The pandemic also involved loss of enjoyment of the building for CAST'S public aclivilies, and loss of conlinuily in
programming. It imposed subslanlial demands on staff as they adapted to unpredictable and rapidly changing
¢ondilions.11 also affected audiences and disrupted CAST'S work with children and young people.
Financial review
The level of reserves in the unrestricted fund as at 31 December 2021, tolalled £518,739 {including the value of
tsngible fixed assets of £460,465), of which £71,779 was freely available for use by the charity.
CAST'S activities continue to be dependent on fundraising and on income generated from studio rents. During this
period CAST'S 10181 income was £177,97512020". £145,339), comprising £52,04412020." £48,796) in rent and room
hire, £119,421 12020". £96,143) in donations and grants, and £6,51012020." £4001 in other income.
CAST allracted grants and donations towards ils charitable activities detsils of which are shown in note 3 to the
financial statements.
The policy on the level of reserves is that they should provide al least three months cover for core operating Costs.
This level of resetves has been maintained throughout the year.

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
Rlsk management
The trustees have a duly lo identify and review the risks lo which the charity is exposed and lo ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
The trustees have reviewed the major risks to which the charity is exposed, in particular those related lo the
operations of finances of the Trust, and they are satisfied that systems are in place lo miligale exposure to the major
risks.
This policy is ongoing and risk management is considered as part of the decision-making process.
Plans for future periods
Vvhile CAST'S overheads and the costs of some ongoing maintenance can be met from studio rents. Trustees
acknowledge that CAST'S public programme will continue to require support from public funding bodies, trusts and
foundations, and that future programming will depend on effective fund-raising.
CAST Trustees agree that il Is Important for CAST lo continue to deliver a programme of public events, talks,
workshops and screenings, for which there is proven nèed and demand. High priority is also given lo work with
schools, children and young people, with plans for a Continuation of workshops for schools, of the &turday art club
and of other projects with young people. Funding from Garcia Family Foundation will be managed carefully during
2022 and supplemented with other grants wherever possible, to ensure that leaming and public programmes Can
continue during 2023. New sour￿$ of funding will be needed now that the Ihree-year funding agreement with
Garcia has come to an end.
In May 2022 an application was submitted to Arts Council to make the case for CAST lo become a National Portfolio
Organisalion. The result of this application is expected in October 2022 and would relate to the penod from April
2023 to March 2025. CAST has also applied for funding from Cornwall Council and is currently negolialing Key
Performance Indicators for an annual grant of £10,000 for four years, 2022 10 2025. An application has been made
to Helston Town Council for CAST lo receive ongoing annual funding of £2,500, equaling Helston Town Council's
annual funding for the Museum of Cornish Life.
Even if all these applications are successful, CAST will need lo find money from other sources lo provide match for
the budget submitted with the NPO bid. Teresa Gleadowe and her colleague Cat Bagg will explore opportunities for
support from the Shared Prosperity Fund as well as seeking lo make applications to trusts and foundations.
structure. governance and management
The charity is a company limited by guarantee and is controlled by ils governing document, the articles of
association las amendedl.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signature of the financial statements were..
Ms TRS Gleadowe
Mr CJ Hibbert
Mrs KS Townshend
MrAG Cameron
Mr PR Williams
Mr JA Wlkin
Inductlon and tralnlng of new Irusleg$
All new trustees are required to familiarise themselves with the charity and its aims and responsibilities and are
given guidan￿ and support by existing trustees.
None of the trustees has any beneficial interest in the company. Al of the ttuslees are members of the company and
guarantee lo contribute £1 in the event of a winding up.

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
Oryanlsatlonal structure
The charity is managed by the board of trustees. who meet on a regular basis. Trustees are.. Teresa Gleadowe
(Chairl, Chris Hibbert Ivice Chairl, Alastair Cameron. Karen Townshend, Ross Williams and John Wilkin Icompany
Secretsryl. The trustees consider that Teresa Gleadowe is the key management personnel of the charity. Chris
Hibbert was appDinled Vice Chair of CAST al the meeting ofTruslees on 13 December 2016.
Since 2019 Teresa Gleadowe has worked with a small band of part-lime freelancers who provide support for the
public programme and learning aclivilies. Cal Bagg was engaged a5 Progamme Coordinator in July 2019 and works
two to three days per week. Lucy Grant is CAST'S learning specialist, assisted by Kale Tumer. CAST engages
freelancers to cover work on social media and to provide book keeping.
The trustees, report was approved by the Board of Trustees.
Ms TRS Gleadowe
Trustee
21 September 2022
10-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CORNUBIAN ARTSAND SCIENCE TRUST
I report lo the trustees on my examination of the financial statements of The Comubian Arts and Science Trust (the
charilyl for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the charty land also ils directors for the purposes of company lawl you are responsible for the
preparation of the finanaal statements in accordance with the requirements of the Companies Ad 20C6 (the 2006
Acll.
Having satisfied myseV that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examinatlon of the charity's
financial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Actl. In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl
of the 2011 Act.
Independent examinerfs ststement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the financial slalements do not accord with those records," or
the financial statements do not comply with the accounting reqLJirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination., or
the financial slalements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practi￿ for accounting and reporting by Charities applicable lo charities
preparing their accounts in a￿ordanCe wth the Financial Reporting Standard applicable in the UK aThJ
Republic of Ireland IFRS 1021.
I have no concems and have come across no other mallers in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached.
Mark Wllllams FCA DChA
RRL LLP
Peat House
Newham Road
TRURO
Cornwall
TR12DP
Dated.. 22 September 2022

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestrlcted Restrlcted
funds
funds
2021
2021
Total Unrestrfcted Restrlcted
funds
funds
2020
2020
Total
2021
2020
Notes
ncome from.
Donations and legacies
Charitable activities
31,104
58,554
88,317
119,421
58,554
12,000
48,796
84.143
400
96,143
49,196
Totsl Income
89.658
88,317
177,975
60,796
84.543
145,339
Charitable activities
44,483
65,089
109,572
53,320
44,531
97,851
Net income for the yearl
Net movement in funds
45,175
23,228
68,403
7,476
40,012
47,488
Fund balances al 1 January
2021
473,564
624,056 1,097,620
466,088
584,044
1,050,132
Fund balances at 31
December 2021
518,739
647,284
1,166,023
473,564
624,056
1,097,620
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The statement of financial activities also complies with the reqU1￿MentS for an income and expenditure account
under the Companies Act 2006.
12-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Notss
Flxgd assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
1,020,096
980,333
1,008
120,200
148,933
149,777
121,208
Credltots: amounts falllng due wlthln
one year
10
13,8501
13,9211
Net current assets
145,927
117,287
Totsl assets less current liabilities
1,166,023
1,097,620
Ineome funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
11
647,284
624,056
12
30,000
488.739
30,000
443,564
518,739
473,564
1,166,023
1,097,620
The ¢ompany is entitled lo the exemption from the audit requirement contained in se¢tion 477 of the Companies Act
2006, for the year ended 31 De￿mber 2021.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the A¢t and for preparing financial stslemenls which give a true and fair view of the stsle
of affairs of the company as at the end of the financial year and of its incoming resoLJrces and application of
resources, including its income and expenditure, for the financial year in accordance with the requirements of
sections 394 and 395 and which othern￿lSe comply with the requirements of the Companies Act 2006 relating lo
financial statements, so far as applicable lo the company.
The members have not required the company to obtain an audit of its financial statements for the year in question
in accordance with section 476.
These financial slalements have been prepared in accordan￿ with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 21 September 2022
Ms TRS Gleadowe
Trustee
Company Registration No. 08175764
13-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng pollcles
Charity infomiation
The Cornubian Arts and Science Trust is a private company limited by guarantee incorporated in England and
Wales. The registered office is 3 Penrose Road, HELSTON. Comwall. TR13 8TP.
1.1 Accounllng conventlon
The financial statements have been prepared in accordance with the charity's Igoverning documenll, the
Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practi
applicable lo chaiilies preparing their accounts In accordance with the Finanaal Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The charity is a Public
Benefit Enlily as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP not lo prepare a Slalement of Cash Flows.
The financial stslemenls are prepared in slerfing, which is the functional currency of the charity. Monetary
amounts in these financial ststemenls are rounded to the nearest £.
The financial slalem&nts have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted ftjnds are available for use at the discretion of the trustees in furtherance of their Charitable
objectives.
Reslricled funds are subject to specific conditions by donors as lo how they may be used. The purposes and
uses of the restricted funds are sel out in the notes lo the financial slatemenls.
Endowment funds are subjert to specific ¢ondilions by donors that the Capitsl musl be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to f( after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that income will be received.
Cash donations are recognised on re￿ipl. Other donations are recognised once the charity has been notified
of the donation, unless performance condrtions require deferral of the amount. Income lax recoverable in
relatson to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation.
Legacies are recognised on receipt or otherwse if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known. the legacy is Irealed as a
contingent asset.
Tumover is measured al the fair value of the consideration received or re￿1vable and represents amounts
receivable for goods and services provided In the normal course of business, nel of discounts, VAT and other
sales related taxes.
14-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounllng poll¢lg$
Icontlnugdl
1.$ Expanditurg
Expenditure is recognised once there is a legal or constructive obligation to rnake a payment to a third party, il
is probable that selllemenl wll be required and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been
allocated lo activities on a basis consislenl with the use of resources.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impaimient losses.
Depreaation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold buildings
Plant and equipment
20/0 on cost
25Yo on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the slalement of financial activities.
1.7 Impalrment of flxed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo determine
whether there is any Indication that those assets have suffered an impairment loss. If any such Indication
exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment
loss lif any).
1.8 Cash and cash equival8nts
Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdiafts are shown
thin borrowings in cutrenl Iiabililies.
1.9 Financial instruments
The charty has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wrth the net arnounls presented In the financial slatemenls, when
there Is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net
basis or lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balan￿s, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as re￿1vable within one year are not amortised.
15-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounllng poll¢lg$
Icontlnugdl
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslilules a financing Iransaclion, wher& the debt instrument is measured al the prèsent
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
wthin one year are not amortised.
Debt instruments are subsequenuy Carried al amortised cost. using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction pricè and subsequenuy measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Crltlcal accountlng estlmatss and Judgements
In the application of the ¢harily's aecounling policies, the Iruslees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not ￿8￿llY apparent from other
Sour￿$. The eslimales and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
16-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Donatlons and legacles
Unrestricted Restricted
funds
funds
Total
2021
Total
2020
Donations and ghls
Grants
168
30.936
188
119,253
40
96,103
88,317
31.104
88,317
119,421
96,143
For the year ended 31 December 2020
12,000
84,143
96,143
Donatlons and glfts
Other
168
168
40
168
168
40
Grants receivable
Helslon Makes11
Helston Town Council
Arts Council England- Emergency Response
FEAST
Cornwall Heritage Trust
Cornwall Council
CLLD
Garcia Family Foundation
National Art Collections Fund
Downsland Helston Trust
Other
1,500
5,000
27,817
1,000
500
1,000
1,500
5,000
27,817
1,000
500
18,431
13,505
50,000
25,353
1,900
500
10,000
17,431
13.505
50,000
50,000
5,850
2,000
500
1,500
1,500
30,936
88,317
119,253
96,103
Included in other grants receivable is as follows..
- £500 The Curry Fund
£1,000 Little Parc Owles Trust
Cornwall Coun¢il - local reslriclions support grants were issued to help businesses during the national
lockdown and COVID-19 outbreak, these totalled £17,431 12020.. £10,000). An additional Cornwall Council
grant has been received for £1,00012020'. £Nil}, relating lo the Community Chest Scheme.
17-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Charltable actlvltles
Total
2021
Total
2020
Charf(able rental income
Olhei income
52,044
6,510
48,796
400
58,554
49,196
Analysis by fund
Unreslricled funds
Restricted funds
58,554
48,796
400
Charitable activitiès
Unrestrfcted Restrlcted
Fund
Fund
2021
2020
Public programme
Groundwork
Learning
Residency Exchange
18,771
18,771
6,885
418
23,747
1,500
34,337
34,337
53,108
53,108
32,550
Share of support costs (see note 61
Share of governance costs Isee note 81
42,143
2,340
11,981
54,124
2,340
62,501
2,800
44,483
65,089
109,572
97,851
For the year ended 31 December 2020
Unrestricted funds
Restricted funds
53,320
44,531
97,851
18-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Support costs
Support Governance
costs
costs
2021 Support costs Governance
costs
2020
Depreciation
Rates and water
Insurance
Light and heal
Sundries
Staff recruitment, travel
and subsislen
Freelance fees
Marketing and website
expenses
Office fumiture & repairs
Telephone and
broadband
Expenses recharged to
projects
36,417
912
3,455
8,536
2,885
36,417
912
3,455
8,536
2,885
34,696
1,481
2,829
10,220
2,431
34,696
1,481
2,829
10,220
2,431
220
16,210
220
16,210
276
14,365
276
14,365
2,137
311
2,137
311
795
1,396
795
1,396
664
664
672
672
117,6231
117,6231
16,6601
16,6601
Accountancy
Legal and professional
2,100
240
2,100
240
2,560
240
2,560
240
54,124
2,340
56,464
62,501
2,800
65,301
Analysed between
Charitable activities
54,124
2,340
56,464
62.501
2.800
65,301
Employees
The average monthly number of employees during the year was..
2021
Number
2020
Number
Total
19-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Tanglble fixed assets
Freehold
buildings
Plant and
equipment
Totsl
Cost
Al 1 January 2021
Additions
968,803
75,320
89,429
860
1,058,232
76,180
Al 31 December 2021
1,044,123
90,289
1,134,412
Depreclatlon and Impalment
Al 1 January 2021
Depreciation charged in the year
31,753
16,382
46,146
20,035
77,899
36,417
Al 31 December 2021
48,135
66,181
114,316
Carrying amount
Al 31 December 2021
995,988
24,108
1,020,096
Al 31 December 2020
937,050
43,283
980,333
Debtors
2021
2020
Amounts falling due within one year-
Trade debtors
Prepayments and accrued income
278
566
243
765
844
1,008
10 Credltors: amounts falllng due wlthln one year
2021
2020
Trade creditors
Accruals and deferred income
1,821
2,100
3,850
3,850
3,921
-20-

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
11 Restrlcted funds
The income funds of the charity include reslricled funds comprising the following unexpended balan￿$ of
donations and grants held on trust for specific purposes".
Movement in funds
Incorning
Resourre5
BalanGe at
re50urGes
expended1 January 2021
Movement in funds
Incoming
ResourGes
Balan¢e at
resource5
expended 31 December
2021
Balance at
1 January 2020
Public
Programme
Residency
Exchange
Groundwork
Project
Capital
Learning
33
25,753
16,8841
18,902
31,317
118,7711
31,448
5,850
11,5001
4,350
4,350
418
583,593
14181
111,9811
123,7481
571,612
29,192
111,9811
134,3371
559,631
51,855
52,940
57,000
584,044
84,543
144,5311
624,056
88.317
165,0891
647.284
Public Programme
CAST'S public programme includes screenings, talks, concerts, readings, workshops and informal
residencies, serving an area of Cotnwall that ha5 previously had litde access to innovative contemporary arts
activity. The programme allracts support from local and national funding bodie5 and many events and
activities are free.
Resldency Exchange
The National Art Collections Fund supports a residency exchange between CAST and Casa in Oaxaca,
Mexico. The first part of the exchange was complete, with a visit by artist Nicola Bealing to Oaxaca, but Ihe
exchange was interrupted by CDvid-19 and the remaining grant has been retained to host an exchange ￿lS11
for an artist from Mexico when this becomes possible.
Groundy￿rk Project
Groundwork was a project bringing outstanding intemalional art and artists lo Cornwall. Rooted in
contemporary art, the project also involved working with science, music, performance, film and dance
organisations. locally and nationally. This project has now ended.
Capital
CAST has received capital grants for the refurbishment of the propety that was transferred to the charity in
January 2017.
Learning
CAST'S learning activities for children and families are currendy supported by a grant from the Garcia Family
Foundation. This grant indudes a contribution towards general adminislralion costs and overheads.
21

THE CORNUBIAN ARTS AND SCIENCE TRUST
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
12 Deslgnated funds
The Income funds of the chaiily include the following designated funds which have been sel aside out of
unrestricted funds by the Iruslees for specific purposes".
Movement
in funds
InGoming
BalanGe at
resources 31 DeCem￿r
2021
BalanGe at
1 January 2020
Transfers
BalanGe al
1 January 2021
Refurbishment of the Property
70,000
{40,0001
30,000
30,000
70,000
140,0001
30,000
30,000
13 Analysis of net assets between funds
Unrestrlcted Restrlcted
fund
fund
2021
2021
Total Unrestricted
ftjnd
2020
Restricted
fund
2020
Total
2021
2020
Fund balances at 31
December 2021 are
represented by".
Tangible assets
Current assetsllliabilitiesl
446,960
71.779
573,136 1,020,096
74.148
145.927
408,721
64,843
571,612
52,444
980,333
117,287
518,739
647,284
1.166.023
473.564
624.056
1,097,620
14 Related party transactions
During the year payments totalling £Nil12020.. £2361 were made to Ms TRS Gleadowe as re-imbursement for
expenses incurred on behalf of the charity.
Arts Council England- a charity of which N Serota, husband of T Gleadowe, trustee, is Chair. Income lolalling
£27,817 12020. £25,353) relating to Arts Council Grants 1£2.781 representing the final 1 OQ/o of Emergency
Response Grant and £25,000 representing the first tranche of Project Grant).
-22-