'RRL Charity reglstratlon number 1149763 Company wistration number 08175764 (England and Walesl THE CORNUBIAN ARTS AND SCIENCE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms TRS Gleadowe Mr CJ Hibbert Mrs KS Townshend MIAG Cameron Mr PR Williams Mr JA Wlkin Secretary Mr JA Wlkin Chorlty numbor 1149763 Compony numb•r 08175764 R•glst•r•d offlc• 3 Penrose Road HELSTON Cornwall TR138TP Ind•p•ndènt •xamln•r Josh Sl•ven$ ACA RRL LLP Peat Hous& Newham Road Tnjro Comwall TR120P THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL CONTENTS Pagè Trustees, report Independent examiners report 11 Statement of financial activities 12 B81an¢e sheet 13 Notes lo the financial stslem*nl$ 14-23 THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees present their annual report and financial statements for the year ended 31 December 2022. The financial ststements have been prepared in accordance vAth the 8ccounb.ng poliryes sel out in note 1 to the rinancial staternents and cornply wrth the chanty's Art￿e5 of Assouation. the Companies Act 20[￿ and 'Accounting and Reporting by Charities. Statement ol Recommended Practice applicAblÈ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. ObJectlve8 and actlvltSes The Objects of the Comubian Arts & Science Trust, a￿ as follows.. To educate in and promote the Arts and Saences for the public benefit and to lurther the development of the public appreciation of the Arts and Sciences. CAST airns lo prtsrnole partscipalion, appreciation and ltraming in the visual arts and lo ￿n￿uT￿9e interdi$ciplin8ry dialogue and collaboration acro$$ the art$ and sd&n¢&$. It 1$ commrttea to the pursult of excellence. CAST works with artists, curators. writers antJ speaalists from olher fields, localty. regionalty, nationally and internationally. to develop professional expertise and exchange. to present examples of outstanding C￿atiVe practice. and to create opportunities for audiences of all ages to experience groundbreaking cultural activity. CAST'S activities inclu¢Ye.' organisaiion ol prolessional workshops, ¢onf&rences. le¢tur¢s and other ¢du¢8lional 8¢tivitiè$, visual arts ¥vents and ¥xhibrtions, an¢J managem¥nt of Sludio Spaces in its Hel$lon tyuilding lo provide workspaces for artists, selected according to the follo￿n9 criteria.. The qualty and potential of their wowk Their commitrnent to rnake full use of their work spa￿$ lo develop Iheir own creative praclice Their interest in being part of an inter*enerational community of artists and in contributing towards a strong and oumard-looking cr8ativ$ ¢ommunity Their sympathetic understanding of CAST'S aims and of CAST'S commrtment to offer public benefit through practice, research, instruction, leaming and enjoyment of the arts and saences In Cornwall, and nationally and internationalty. The Iruslee5 have paid due regard to guidance issued by Ihe Charity Cofflfflis5ion in decNling what activities the charity should undertake. THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Significant activities CAST developed out of 8 series of contemporary art events organi5ed in Cornwall since 2010 - The Faltnoulh Convention (May 20101 and The Penzance Convention (May 20121 and iesidential workshops held at Kestle 8arton on the Lizard peninsula since October 2011. Several of these events involved dialogue belween artistic and scientific disciplines. Through events such as these. CAST seeks lo provide opportunities for artists and audiences in Cornwall and the South Wesl to be engaged in thinking inteMa￿.0naIty and across cuttures. CAST is based in Helston. in the lormer School of Science and Art given to Ihe town by the philanthropist John Passrnore Edw8rd5 in 1897. The building later became a County Secondary School and w85 extended in 1905 and 1913, but it became redundant wilh the inlroducbon of comprehensi¥È education in 1972 and was later used as a communrty centre. It was sold by Helston Town Counul in August 2012. The building was purchased by two benefactors and was inrtially leased to CAST at a peppercom ￿nt on a lease of six years. ￿newable. 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 signthcant part in the cumural and creats've life ol the people of Helston and the surrounding area. while al the same time having a role as a nationalty and indeed intemation8lly important foc81 point lor the arts. CAST manages the building as a studio complex and also p￿SentS a very active pfogramme of public activities. including talks, workshops. screenings and other cJJltUTal and educational events and aclwilies. The Groundwork programme. which ran from 2016 to 2018. was CAST'S most ambilious project lo date- a three-year prograrnrne of internation81 contemporary art supported by Art5 Counc41 England IACEI through a grant of £S00.000 from the Ambition for Excellence funding stherne. wrth additional grants of £50.1)00 each from Freelands Foundation. Amp&rs8nd Foundation and Comwall Counol. Aehl•vom•nts and pèrfom)an¢o Charltable ActlvlUe• Following the d05e ol the Ihree-year Groundwort programme. CAST had lo ad8Pt lo substantial down-scaling of ils budget. while also striving to sustain 8Clivity and develop opportunities offered by the experience of Groundwork. The Trustees re￿gnISed the importance ol maintaining 8 publi¢ programme and the need lo fin4 luniying for this, acknowledging that CAST had made progress to date by combining lontrtem) strategy wth alert responses to funding opportunity. Following one-off grants from the Garcla Famity Foundation for CTeatNe activibes invomng children and farnilles in the summer of 2018 and the summer of 2019. the Foundalion invrted CAST to apply lor ongoing support and agreed to support CAST'S leaming programme with a granl ol £SO.000 per year for the next three years, starting in February 2020. The second grant of £50.CKJO was received in February 2021 and Ihe final grant payment was received on 26 April 2022. Funding from Gar¢i8 Famity Foundation wa5 managed Garefvlly during 2022. supplemented wrth other grants wherever possible, lo ensure that leaming and publi¢ programmes ¢ould ¢onlinue during 2023. During the early months of 2021 Teresa Gleadowe and Cat Bagg had worked on a Project Grant application to Arts Council England for a wide range of 'talent development. projects, Induding contsnuing support for the new Saturday art dub that had been launched in May 2021. and a range ol other work with young people and wrth artists. The Arts Council Project Grant application was submitted in June 2021 and news that a grant of £49.999 had been awarded was received in September. The first tranche ol ihe grant. £25.000. was paid in November 2021. A second tranche was paid in May 2022 and the balance of £4.999 110% of the lolall was paid in December 2022, followng submission of CAST'S final ￿port on the projects supported. THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 In February 2022 CAST was awarded a grant of £2.5(M) by Helston Town CouncAI towards a third iteration ol CAST- Off. a programme of outdoor creative acty'vrtr'es for children and families. to be held in the walled garden at National Trust Penrose during the summer of 2022. Through the Prtch-a-Project stheme. de51gned to encour8ge more application5 to the Comrnunity Fund of The National Lottery from TR12 and TR13 p05tcodes, CAST also made a successful application for a grant of £9,300 to develop an extension of CAST4)ff entitled CAST-Away. Drawing on aspects of local heritage and the natural environmenl. CAST-Away took high quality creatwe engagement directly to local communities on the L Yzard peninsula, with sessions al Poltesco, Polurrian, Porthoustock and Gweek. FEAST supported this initiative with a grant of £4.000. Lockdown grants (Omicron Hospitality and Leisurel totalling £8.001 were received from Comwall Council in March 2022. Durfng thls pertod Tèrèsa Glèadowè continuetl as Exeurtwè Chaif, responsiblè fof thè dirèction and managèmènt of the organisation. Cat Bagg, wtto had been engaged in 2019, continued as Programme Co-ordinator, and Lucy Grant continued as Learning C¢x)rdinator. Kate Turner continued to manage Ihe Saturday art club. Major Renovatlon• In 2020 Trustees had agreed a budget Spend of up to £100.000 on ex¢em81 works - to renew roots on the oldest 118971 part of the buildin9 and the pyrami&shaped roof on the middle 119051 section. The schedule of work had also included replacement and renovation of windows at the west Icafèl end of building and lime pointing at the rear ol the building. This wa￿, un¢Jertaken by Jason Tripconey and Adam Jackson, continued Into the early months of 2021, taking advantage of the opportunity to undertake disrupbve extemal work while access to the building was reduced because of the pandemic. Continuation of Ihe building project into the earty months of 2021 had invofved an additional Spend of c.£30,000. bringing the total caprtal spend on this project over years to c.£126,000. Ceramlc Studlo Project ICLLDI During the first Coronavirus lockdown. in May 2020. CAST had received new5 of an opportunty lo aFply for a grant from the European Regional Development Fund IERDFI Ihrough the Cornrnunity Led Loc81 Development scheme ICLLDI administered by Cornwall Oèvelopm&nt Company ICOCI. In June 2020 Ter¢$a Gltradowe had submittèd an Expression of Interest to West Comwall Local Action Group for a grant lo transfom an unused stu(Jio space in the CAST building into a ceramic sludio. The scheme also included renovation of a small semtherelict rear extension to provide a wet room and WC. The Expression ol Inte￿$t had been supported by the LAG and a full application had been submitted on 6 November 2020. A formal letter had been received in May 2021. offering a grant of £50.315.45 against a lolal expendrture budget of £71,879.21 la 70% interyenlion ralel the shortfall lo be covered by CAST. The project description was.. 'CAST Cerarnics Studio. A projecl to converl currentty unused spaces wilhin Ihe CAST building in central He15ton into a facility that wll accommodate a ceramics studio for a ranyè of pfofessional, tommunty and learning activrties.. Jason Tripconey and Adam Jackson were commissioned to do the building woth and had started in July 2021. The application to CLLD had included provision for a ceramic artist lo be engaged as a consultant to oversee the fit- out of the space. advise on equipmenl and launch Ihe studio.. a lee of £1.000 per month for ten months was included in the budgel agreed by CLLD. In February 2022 Rosanna Martin was engaged to undertake this consuttancy and she started work in M8fth 2022. Almost immediatety she advised that Ihe oeramic studio would work much mole effectivety il the adjoining Studio Idivided by a partrtion w8111 w85 added to the space. This was agreed by CAST Trustees and Rosanna hersew undertook to pay Ihe monthty rent of £250 on the second part. All building work was completed by the eaty summer 012022 and Rosanna also supervised the acquisition and installation of kilns. studio ￿rniture and olher equipment. The studio opened to the public wrth free open aC￿sS sessions on 23 and 24 Juty. Rosanna Martin s fees were paid until De￿mber 2022 and a final claim was 5ubmrtted to CLLD at the end of February 2023. The last paymenl of £4.550 was received by CAST on 23 Maich 2023. The overall cost of the CAST Ceramics Studio projeci exceeded the original estimates partly because prices of building materials rose steepty after the pandemic and as a consequence of Brexit, and also because CAST took the opportunity lo undertake some work that was nol budgeted as part of the ceramic studio project but was enabled by rt. Thi5 included installing radiators to extend heating into Studio 15 following the installation of a central heating boiler 8s part of the ceramic studio proied. THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Programmes This was an eX￿PIlon9Ity busy ye8r for CAST. with 8 fvll progr8rnme of screenings. events 8nd leaming workshops and a number of special project5 enabled by the 9rant from Arts Council England IACEI. ACE support covered the continuation of the Saturday art dub, the sixth Comwall Workshop led by Elizabeth Price at Kestle 8arton from 4 to 11 March, support for the development of the ceramic studio. development and delivery of the Music and Video Lab led by Mark Leckey in collaboration with Liam Jolty, and a number ol smaller projects. Publ1¢ Programme Funding from the govemment's Welcome Back Fund opened up new opportunities at the beginning of the year. CAST collaborated with the Museum of Comish Lile lo inibate a St Piran's Day Lantem Parade, wth lantem-making workshops at CAST led by Lucy Grant and Vicky ¥Mttshire attrath.ng large numbers of local people into the building during the February half-lerm week. The Museum also supported 5¢reenings of a delighttvl cartoon film, Eme818nd Cele￿Ine, 81 CAST during h8W-lttmi and, through 8 partnership with the Imperial Wdr Museum. ¢overed the Costs of presenting Sarah Dobai's film The Donkey Fi&ld as a looped inslallatson in CAST'S bla¢k box s¢wning $pa¢¢ in Mar¢hlApril. The programme of 'Artist's Choice, screenings started in January Jack Morrison of FEAST introducing The Ladykillers. In February film-maker Caroline Deeds introduced H8le County. This Moming, This Evening. documentary about the lives of Alrican Americans in Hale Coun Alabama. d1￿cted by R8Mell Ross. Also in February BBC 3 radio presenter Petroc TrelawTy introduced The Way we Live. a film about the post-war redevelopmtrni ol Plymouth. In Mar¢h arlisl Simeon Barday Introduced Nol8book on Cities 8nd Clothes and later that month Sarah Dobai introdueed Robèrt Bfesson's Au Hazard Balthazar. On 5 May, in preparation for Hèlslon's annual Flora Oay. Jack Mornson presented a programme of archive films about May Day celebrations. and In June artist Denzil Forresler introduced the 1959 romanlic Iragedy Black Orpheus. The programme resumed in October. after the summer holidays. with the Argenlinian film Wjld Tales. selecled by artisl Georgia Gendall. In November John Scarlett-Davis introduced Perforrn8n￿ and the8¢￿ director Agnieszka Bkjnska presented the film Tomboy. direded by French director Cèline S¢i8mma. Meanwhile 8 s8rl6s of artlsts. Illms wer6 presented as looped sueènlngs In ihe black box screenlNJ spacè., Usèr Group Disco by Elizabeth Price was presented from 5 to 18 March to coincide wrth the Cornwall Workshop., The Donkey Field by Sarah Dobai was presented in parlnership with the Museum of Comish Life124 March to 9 April).. Naorni Frears, Men Falling was presented from 12 to 30 April.. and a programme of fv40 filrns by Laure Prouvosl. entitled L8ngu8ge Lessons. was presented from 14 June to 30 Juty. In Au9USt a prograrnrne of short films made by participants in the Mark Leckey Filrn and Vi(Jeo Workshop was screened in the sp8¢e. The autumn se8s0n featured Jeremy Dellgr'$ film Everybody in Ihe PI8Ge16 SeplembeT to 15 Qdotsrl. There was a range of artists. talks in addition. Rebecca Moss visiled Helston in February to work with the Saturday art club and gave an illustrated talk on 11 Febnjary. Naomi F￿arS was 'in conversation. with curator Matt Burrows on 28 April. Elizabeth Price gave an artisl's lalk at Falmouth School of Art on Wednesday 9 March and a talk for artists at CAST on Sunday 6 March. Poet Rachel Mlen led a reading w0￿shOp on the afternoon of 21 May. Mark Leckey gave 8 talk on 29 June 8nd Jeremy Deller on 28 September. Jeremy Deller also vislted Helston Community College to talk wrth students thèrè. Andrèw Lanyon lod a vety successlul aftemoon ctsllage wtstkshop tsn 10 December. In August, CAST celebrated its lenth anniversary with a small gathering in CAST Café frjr sbjdio artists, friends and supporters. Photographs taken in Ihe preceding years ty photographer Martin Howse were framed and hung in the corridors to rnark the anniversary - photographs of former 'Green School, pupils in the ground floor corridor and photographs of studio holders p8St and present 81gn9 the first-flg01 Co￿1d0[. THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Learning Programme Relationships with local schools conlinued to grow and CAST'S leaming team, led by Lury Grant. was able to deliver a full programme of workshops. one in each temi of the academic year. In February the workshops focused on the three Helston primary schools. Parc Eglos. St Michael's. and Nansloe. inviting children to make house-sh8ped 18ntem5 that they could cary in 8 St Pir8n's D8y Lantem P8rade on Saturday 5 March. Following the lanterTrmakn'n9 workshops held at CAST. Lucy Giant and hei oolleague Vid(y Wiltshire arranged for groups of children to congfegate outside each of the three schools and then carry their lanterns through Helston's of opes and lanes lo gather in Church Street outside the Museum ol Comish Life, where Helston Town Band performed a programme of Iraditional Comish songs. In May the learning team collaborated with CAST studi￿hOlder Nicola Bealing. a celebrated narrative painter, to present a full 'Art Day, al CAST. wlh W0￿$hop$ exploring her WO￿ and artistic practice. Wth these day-long se53ions. children were offered the opportunity lo lulty immerse themselve5 in a creative 8dventure. The day began with a visit lo Nicola's studio lo see her work and investigate her creative process. foll¢)wed by time spent exploring a ¢urated display and audio-¥isual presentabon in the blath box Screening space. Each Ghild was given a sketchbook and they were encouraged to make notes and draw in their sketchbooks throughout these visits. In the aftemoon their recordings We￿ used as a starting point lor paintings made in the CAST leaming studio. The resulting vibrant range ol artsvorks was shared and reflected on by the children as a group. The workshop had strong ties to the national art curriculum, as well as lo other subjects such as geography. literature, history and the natural science5. and was adjusled lo suit bolh KS1 and KS2 leaming. The third workshops of the year were held in November and again invofved 8 full 'Art Day, al CAST. These workshops. developed by Lucy Grant and her leaming team in partnership with ¢he Museum of Comish Life and the new ceramic studio al CAST, look as their startin9 point Ihtr fvagN*nl$ ol Netslrthic p¢tt&ry in Ihtr Museum's ¢olle¢tion. Th¥se pols We￿ made from 9abbroi¢ Clay l¢lay lomi¢d a$ a result of the weathering an¢J wosion of th¥ stone gabbro) found only in a small area aroun¢J St Keverne on the Lrlard peninsula. Wlh the support of Natural England, a team from CAST and Brickworks collecled some ol Ihe gabbroic day and brought rt back to the ceramic studio so that its special properties could be explored. Children from the th￿e Helslon primary schools (Parc Eglos. St Michael's and Nansloel, and a group from Coverack Prirnary School, eath spent a day working with ¢18y and exploring the making ol pottery lor cooking and storage in Neolilhi¢ times. The day4ong workshops began wrth a visit lo Ihe Museum of Comish Life, where Emi Mason, the museum's Headley Trust Ar¢haeologi¢al Find$ Iniem. inlrodu¢ed examples of lo¢811y-foun4 gabbr¢i¢ pottery. Th8 childrèn then moved back to CAST'S leamin9 Studio, whèrè they worked togethèr in small groups with potter Hannah Lawrence to buil(J and decorate their own 'Neolrthic' coil pots. Each group also spent time in the Brickworks ceramics studio, making their own small pinch-pols or animals Irom gabbroic day, and worf(ing with ceramicist Rosanna Martin and her leam to share the experien￿ of throwing a pot on a potter's wheel. Rosanna Martin described the workshops a5 'very special,: 'The children filled Ihe slvdio wrth huge exriternenl 8nd it was gre81 lo be able lo share with them the 9abbroic day we had dug from the Lizard just d8ys before., Lucy Grant and her team also org8nised Iree'Think and Make, workshops for Children and farnilies during ea¢h half- tem and school holiday, and developed the thiid ver5￿n ol CAST-Off, which invofved a new programTne, CAST- Away, taking place at four different locations on thè Lizard peninsula, in addition to four days of creative 8Ctivrties in the walled garden at Penrose. CAST'S Saturday art dub for 12- to 1&year-olds conts.nued to attract partiapants from Helston Cc*nmunty College and from the surrounding area. Organised by a￿"st and leaming speualist Kate Tumer, the club also provides valuable training and experience lor Falmouth slvdenls who wanl to pursue a career in art educats'on. Highlights of the year included a visit by Essex-based artist Rebecca Moss. who led a project based on the causal connections demonstrated by the Sw55 artists Peler Fischli and David Weis5 in Iheir iconic filrn The Way Things Go 119871. Mernbers also worked together to produce publicrty iwnages inspired by Elizabeth Price's work User Gn)tJp Disco 120091. The Saturday art club conbnued throughout the year. The most prominent event in CAST'S programme of work with young peoplè was thè Film and Video Lab for participants aged 18 10 24, held throughout June al Auction House in Redruth, with work produced during the project shown in CAST'S black box screening space in August. This project was the subject of an art￿le in The Guardian (Monday 11 Jutyl. The ACE project grant also enabled CAST lo support a series of ten free contemporary dance sessions for young people aged 16 to 30. led by dancerl choreographer Sapphire Sumpter. a re¢￿t Rambert School graduate and Helston resident. and held at the Epworth Hall in Helston. wrth a fin81 sharing ses5i0n 8t the Godolphin Club. THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 CAST s￿dI09 The creation of small studios in the fonner toilet block of the old school building. combined with the creation ol a shared studio in the attic (Studio 101. has attracled a number of younger artists to CAST. This is seen by Trustees as a very positive development. There were a large nurnber of changes in tenanries duiing the year. especialty in occupanGy of the 5mallei 5paoes which 8re also the most in demand. bul the studios conbnued to be fully occupied. CAST also rnaintains 8 database ol artists who have expressed interest in renling a sludio in the building. The following changes occurTed in the shared attic space. Studio 10." Amy Morgan. moved out at the end of January and moved into Studio 17. Nathan Henton moved out in March 2022. William Richards moved in in March and stayed until August. Liv Gravil and Ruairi Valentine mo¥ed in in June Ibolh supported by the Cultivator Graduate Start-up Prograrnmel. Ben Howes moved in in Seplember. Elyzabeth Langley continued her tenan￿ throughout the year. At peak there were four artist5 in this space. The following tenancies were unchanged.. NicJ)la Bealing Sludio 9. Imogen Bone Studio 8. Mikey Croft Studio 20. Sarah Johnson Studio 5. Mark Hedger Studio 12. Juliette Paull Sludio 11. Nina Royle Studio 18. Ben Sanderson Studio 13, Shelty Tregoning Studio 3, Lisa studio 2. Bronwen Buckeridg& Iformety t&mporarity a¢¢ommodatsd in Studio 15. and Ihen In Studio 141 moved into Studio 5 In J8nuary 2022, when Caitlin Oesilvèy moved out. Lucy Willow moved into Studio 14 in Mar¢h and $tsy&p in M8r¢h and Jer&my Delltrr was invited to givè a talk and Q&A lor studènts al Falmouth dunng his visit to CAST in Sèptèmbèr. Ten students from Falmouth University undertook r6sidèno6s at CAST durin9 March and April and staff from Falmouth School of Art undertook an Away Day on June 22. On 6 September members ol staff from Falmouth. Plymouth and Exeter unwersity art departments came together for a onfrday symposium entitled Tesl Bed. held in Room 15. CAST hosted successful residencies for students from Dartinglon's MA Arts and Place from 19 to 30 September 2022. also held in Roorn 15. On 19 May CAST collaborated with Ihe Universty of Exeter's Arts and Culure project to host a syrnposiurn enUlled'Thinking wilh Apples.. CAST Colé Al their meeling in November 2019. CAST Trusle&$ had agreed Ihal CAST Cafè should be granted a onl holiday from 1 November 2019 to the end of April 2021, to enable rt to weather very difficult trading conditions. ThSs agreement had been reviewed at a meeting of CAST Tmstees on 12 May 2021 and Trustees had agreed that the rent holiday should continue. It was Unanimous￿ agreed that the Calè's value to CAST'S public profile great exceeded that ol any rent received. The Calé serves a crucial lunciion as CAST'S public interface and 'front door, and contributes very subslantialty to Ihe life of the organisation. projecting CAST'S emphasis on excellence and welcorne Ihrough its lood offer and approach to ho$prtalty. Dominic Bailey had left Cornwall in April 2021 and was managing the Cafè remotety. wrth Mikey Croft as on-site manager. The transition to a rernole management 8rr8n9emenl had worked well and did not have a negative impact on the Café's trading perfomance. However, in the spnng of 2022 Dominic Bailey gave notice Ihat CAST Twstees should look for a new operator to take over from his business, Adventures in Hosprtalrty. Mikey Croft had been working with Dominic Bailey since the Cafè re-opened In May 2018 and ha¢J been the on-site manager since April 2021. Caitlin Samsworth had joined the café team as a chef in April 2022. With Dominic Bailey's encouragemenl and support. Caitlin and Mikey Croft developed a proposal to take on the running of the Café. CAST Trustees considered this proposal at their meeting on 13 Juty. discussing the relative merits of seeking a new operator or ol working wrth Mikey and Caidin. All agreed that the Café was stiongly identified with CAST'S rnission and that continuity of ethos was of great value. It was resolved that Mikey and Caitlin would take on the management Of the Calè, working as a partnership, and that the transfer would take place be￿een 31 JU￿ and 2 August 2022. A rent holiday was agreed lor the first srx months. to be reviewed at the end of this period. Rent arrears that had accrued while Dominic Bailey was running Ihe Café were also discussed and it was agreed that arrears would be settted by transfer ol all Cafè assets to CAST. with an exchange of emails to confimi this arrangernent. THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees agreed that the immediate priority was to ensure Ihat the Café could continue to operate without interruption. They welcomed the proposal that Cartlin and Mikey should tske on management of the Cats. starting on 1 August 2022. Impact of Covld-19 pandemlc 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 to COn￿"n￿e working in their studios, so CAST did not suffer loss ol rental incorne as a result of the pandemic. There was loss of incorne frorn short-tenn hire5. 8W8ydays and symposia. bul 10sse5 were compensated by govemment grants and by the Emergency Response Grant Irom Arts Counal England received in 2020. However, following the pandemic and 8rexrt, a steep rise in th& cosl of materials added substantially to the cost of the ceramic studio project. The pandemic also invofved loss of continuity in programming. and 10s5 of use of the building for CAST'S learning programme and public activities. It imposed substantial demands on the team a5 they adapted to unpredictable and r8pidty Changing ¢ondilions. 1181so affe¢ted audiences and di$Fupled CAST'S work with ¢hildren and young people. The pandemlc affected CAST Café in particular, and trading condth.ons conlinued to be dfficult throughout 2022. Flnanclal r•vl•w The lev81 of res8rves in the unrestrictèd fund as at 31 Decèmber 2022, lotalled £504,788 Ilndudlng the value of tangible fixed assets of £420,741), ofwhich £S4,047 was freety available for use by the charity. CAST'S aclivits'es continue to be dependent on fundraising and on income generated Irom studio rents. During this period CAST'5 total income wa5 £220.26012021.' £177.9751. comprising £54.16912021.. £52.0441 in rent and room hire, £153,10412021.. £119.4211 in don81ions and grants. and £12.98712021". £6.5101 in other income. CAST attracted grants and donations lowards rts charitsble aclivities - details of which are shown in note 3 to the rinancial statements. The policy on the level of ￿Se￿e$ is that they should provide at leasl th￿e months cover for core operating costs. This level of ￿ServeS has been maintained throughout the year. Rljk rnonagement The trustees have a duty to Identrfy and rewew the risks to which the charty 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 ol finances of the Trust. and they are satisfied thal 5yslems are in place to mitigate exposure to Ihe major ri$k$. This poliq is ongoing and risk management is Conside￿ as part of the decision-making process. THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Plans for future periods While CAsfs overheads and Ihe costs of some ongoing maintenance can be met from studio rents, Trustees acknowledge that CAST'S public programme will conlinue to require support from public fijnding bodies, trusts and foundations. and that future programming will depend on effective fvnd4aising. CAST Truste85 a9re8 that it is important for CAST to deliv8r a progr8mme of public events, tslks, workshop5 8nd scieenings, for which there is proven need and demand. High pnority is also given to work with schools. children and young people, wrth plans for a conb"nuation of thè Saturday art dub and ol programmès for schools and young people. In May 2022 an application was submitted lo Arts CouncAI England IACEI to make the case for CAST to become a National Portfolio Organis8tion INPOI 8nd lo receive ongoing support 1£80k per year for three years) from April 2023 to March 2026. On 4 November 2022 CAST receNed the disappointing news that the application h8d not been $u¢cèssful. At the same lime as apptying to ACE, CAST had applied lor fvnding from Comwall Council., an annual grant £10,000 was ag￿ed for four years. 2022 to 2025. An application had also been made to Helston Town Council IHTCI for ongoing annual funding of £2.5￿. equalling HTC'S annual funding for the Museum of Comish Life, This application was not successlvl. CAST w88 8dvised to r•)nbnue making 8pplication5 to HTC'S small grants schem lo support particular projects. In the autumn of 2022 Trustees agreed thal CAST would pursue the possibilty ol applying for support from the Government's Shared Prosperity Fund. An Exp￿sSion of Interest was prepared and CAST was invited lo apply. Cat Bagg led on the preparation of Ihe applicalion. wrth support from Te￿$8 Gleadowe and from CAST Trustees Ross Williams and Chris Hibbert. 8nd il was submrtted in time lor Ihe 2 December deadline. The application was lor a lolal of £705k, lo be matched by 8 conlribulion 01 £11X)k frtsm CAST lol which £1 Ok would come from the annual Comwall Coun¢il grant, received over Iwo yèars). In February 2023 CAST wo$ informed that the application had bgen ¢onsidered by th¢ Cornwall and Isl¥$ of Scilty Economic Prosperity Board IEPBI and that CAST'S application had been successful in progressing to the next stage of the process. CAST was then required to prepare a substantial Business Case and to answer a large number of quesiions. A final decision on the applicalion is expected ty end ol Seplember 2023. If confirmed. the inves￿ent from the Shared Prosperity Fund will provide c.£500k t(Wl8rds c8Pital renovations. indvding renew81 of roots on the 1913 s6ction of thè CAST building. and c.£200 towards devèlopmènt and delivery of public activity, especialty learning projects wrth schools and young people, In Ihe period up to end of March 2025. The total budgtst of c.£800k also makes provision for unrecoverable VAT. Structure, governance and management The charity Is a company limrted by guarantee and is controlled by rts govemlng document, the 8rtldes of association las arnendedl. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signalure ol the financial statements were.. Ms TRS Gleadowe Mr CJ Hibbert Mrs KS Townshend MrAG Cameron Mr PR Wlliarns Mr JA Wilkin THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Induction and training of new trustees I new Irvslees 8re required to famili8rise thernsefve5 wrth the charity and its 8ims and responsl)ilities and are given guidance and support by Èxisting twustee$. None ol the trustees has any beneficial interest in the company. AJI of the trustees are members ol the company and guarantee to contribute £1 in Ihe event ol a wnding up. Organlsatlonal structure The charty is managed by the board of trustees. who ffleet on a regular basis. Trustees are.. Teres8 Gleadowe Ichairl, Chris Hibbert (Vice Chairl, Ajastair Cameron, Karen Townshend, Ross Wlliams and John WThlkin Icompany Secretary). The trustees consider that Teresa Gleadowe Is the key management personnel of the charity. Chris Hibbert was appointed Vice Chair ol CAST at the meeting ol Trustees on 13 December 2016. Since 2019 Tere5a Gleadowe has worked wth 8 small band of part-time free18ncers who provide support for the publi¢ pro9rarnme and learnin9 aclivilies. Cat Bagg wa5 engaged as Pro9amme Coordinator in July 2019 and works two lo three days per week. Lu¢y Grant is CAST'$ 18aming spe¢iali$l, a$$￿1¢d by Kat¥ Tumor. CAST &ngog¥$ Ireèl8ncèrs to cover work on social media and to provide book keeping. The Iruslees. report was 8ppfoved by lh& Board ol Tru$lees. Ms TRS Gleadowe Tru8t8• 28 September 2023 10- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CORNUBIAN ARTS AND SCIENCE TRUST I report to the trustees on my examinabon of the financ4al statements of The Comubian Arts and Science Trust (the charityl for the year ended 310ecember 2022. Responsibilitl8s and basis ol report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the )Inanrial ststements in accordance with the requirements of the Companies Act 20(fj (the 2006 Act). Having satisfied mysem that the financial ststements ol the charity are not required to be audited under Part 16 tsf the 2006 Act and are eligible for independent examinabon, I report in ￿SpeCt of my examination ol the charity's financial slalements carried out under section 145 of the Charities Act 2011 Ithe 2011 Act). In carrying out my examination I have followed all the applicable Direc1￿$ given by Ihe Charity Commission under section 1451Sllbl of the 2011 Act. Independgnt ¢xamIn¥￿¥ Slaigment 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 thal in any malerial respect.. Accounting records were nol kèpt in rèspect of thè chaity as rèquir¢O by $￿tIOn 386 of th& 2006 A¢t', or the financial 5tstements do not accord wrth those records.. or the financial statements do not compty wrth the accounting requirements of section 396 of the 20C6 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.. or th• financial statements have nol been prepared in a¢cordan¢e vrith lh& methods and prin¢lpl8s of the Statement of Recommended Practice for accounling and reporting by charrties applicable to charities preparing their accounts in accordance wilh the Finanaal Reporting Standard applicable in the UK aThJ Republic of Ireland IFRS 1021. I have no ￿ncernS and have ¢ome 8eAo8s no other matters in Connection with ihe examination to which allenlion Should be drawn in this report in order lo ¥nable a proper understsnding of the fin8ntyal stslemenls lo bo reached. J08h Stevens ACA RRL LLP Peat House Newh8m Road Truro Comw811 TR12DP Dated.. 28 September 2023 11 THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unr•strietèd Rèstrlctèd funds funds 2022 2022 Total Unrestrfetèd Rèstrfttèd funds funds 2021 2021 Total 2022 2021 Notes Donations and legaci8s Charitable activities 10.054 67,156 143,050 153,104 67,156 31.104 58.554 88,317 119,421 58,554 Totsl income 77.210 143.050 220.260 89.658 88.317 177.975 Charitable activities 78,239 103,017 181,256 44.483 65,089 109,572 N•t loutgolng)llncomlng re80urce8 belore tran8fer• 11,0291 40,033 39,LN 4S,17S 23,228 68,403 Gross transfers be￿een funds 112.9221 12.922 Net lexpendltureVlncom• lor the y¥orl Net movemont In funds 113,9511 52,955 39,Ll 45.175 23,228 68,403 Fund balances al 1 January 2022 518,739 647,284 1.166,023 473.564 624,056 1,097,620 Fund balanc¢• ot 31 O•c•mb•r 2022 504,788 700,239 1,205,027 518.739 647,284 1,166,023 Th$ slalement olfinan¢i818¢tivilie$ in¢ludes 811 gains and lo$s¢s wcognised in the year. l income and expenditure derive from continuing aclivib"es. The statement of financial activrties also complies with the requ1￿Ments for an income and expenditure account under the Companies Ac¢ 2006. 12- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Notès Flxed assets T8ngible assets Current assets Debtois Cash at bank and in hand 1,(￿5.850 1,020,096 10 5,584 197.004 148.933 202,588 149,777 Credltor8'. amounts falllng due vAthln one year 11 (3.4111 13,8501 Nel current assets 199.177 145,927 To¢al a¥Jet• le¥s curr•nt Ilabllllle• 1,205.027 1,166,023 Income funds Restricted funds 12 700.239 647,284 Designated funds General unr&$trided lund8 13 30.C 474,788 30,000 488,739 504,788 518,739 1,205,027 1,166,023 The comp8ny Ss 8ntitl8d to the exèmpllon from the audit requir*m&nl ¢ontained in sedion 477 ofthe Companles A¢1 2006, for the year ended 31 December 2022. The directors acknO¥￿edge their responsibilrties for ensuring that the chanty keeps accoun￿'n9 records which comply with sec¢ion 386 of the Act and lor preparing finanaal slalemenls which give a true and lair view ol the state ol affairs of the company as at Ihe end of the financial year and ol ils incoming resources and application ol resource5, including its inwme and expendilure. lor Ihe finanrial year in accordance wilh the requirernenls of seetions 394 and 395 and which otherw5e cgmpty wrth the requirernents of Ihe Companies kl 2006 relating lo financial statements, so far as applicable to the company. The members have not required the company lo obtain an audit of its finanaal statements for the year in question in accordance wth sedion 476. These financial slalerrenls have been prepared in aco)rdance wth Ihe provis*)ns applicable to companies subject lo the sm811 companies regime. The financial statements were approved by the Trustees on 28 September 2023 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 2022 Accounting policies Charity inforrnation The Comubian Arts and Science Tnjst is a private company limited ty guarantee incorporated in England and Wales. The registered Offi￿ is 3 Penrose Road. HELSTON. Comwall. TR13 8TP. 1.1 Accounting convention The finanaal statements have been prepared in accordance wth the charity's Igoveming documentl, the Companies Act 2006 and Accounling and Reporting by Charities.. Statement of Recornrrended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" The charity is a Public enefil Entity as defined by FRS 102. The chanty has taken advantag8 of the pro¥i$ion$ in the SORP not to prepare a Statèment of Cash Flows. The financial statements are prepa￿ in steding. which is the fijnctional CuT￿nry of the charity. Monetary arnounts in these financial statements are rounded lo the nearesl £. The financi81 statements have been prepared under the hi5tori¢81 ￿$t convenlion. The prin¢ip818c¢ounling policies adopted are sel out bel¢)w. 1.2 Golng eonc•m At the time of approving the fin8ntyal slatemenls, the trustees h8ve a reasonable expeciatson that thts charity ha3 8dequ8le resources lo ￿ntInue in operational exislence for the foreseeable fvlure. Thus Ihtr INslees continue to adopt th¢ 90ing ¢on¢em basi$ of a¢¢ounlin9 In preparing the finanoal statements. 1.3 Charltable fund$ Unrestricted funds are available for use at the dIs￿lI0n of the trustees in furtherance of their charitable objectives. Restdcted funds are subject lo specffic condrtions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the noles to the financial statements. Endowment lunds are subject to specthc condrtions by donors that the capital must be maintained by the chanty. 1A In¢ome Income is ￿cOgnised when the charity is legalty entitled to it after any perfomiance conditions have been rnet, the amounts can be rneasured reliabty. and it is probable thal income wll be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nots'fied of the donation. unless perfomance conditions require deferral of the amount. Income tax recoverable in rela¢ion to dona¢ions recewed under Grf¢A￿ or deeds of co¥enanl is iecognised at Ihe Urlle of the donation. Legacies are recognised on receipt or othewse if Ihe charty has been notified of an impending di8lribution. the amount is known, and receipl is expecte(l. If the amounl is not known, the legacy 15 treated as a ontingent asset. Turnover is measured al the fair value of the Consideration received or receivable and repres￿ts amounts receivable for goods and services prov*Yed in the norrnal ￿urse of business. nel of discounts. VAT other S81es related taxes. 14- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 A¢coun¢ing policies (Continuedl 1.5 Expendlture Expenditure is rewgnised On￿ there is a legal or constwctive oblig8ty.on to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reli8bty. Expenditure is accounted lor on an accnJals basis and has been classified under headings that aggregate all cost relate¢J to the category. Mere cosls cannot be dire¢* attributed to particular headings they have been allocated to activities on a basis consistent wth the use ol fesources. Irrecoverable VAT is ch8rged as a cost against the actsvity for which the expenditure was incurred. 1.6 Tanglble Ilxed assets Tangible fixed assets a￿ initialty measured at ￿$¢ and $ubs¢quentty mea$ur*d al ¢o$l of valuation, nel of depreuation and any Impain￿￿t losses. Depreciation is re¢ognis&d so a$ lo vnile off th& ¢osl or Valuation of assets les$ their residual values ov¥r Ihelr useful IN¢$ on the folbw'ng bases.. Freehold buildings Plant and equipment 2% on cost 10%- 25% on cost The gain or loss arising on the disposal of an asset is detemined as Ihe difference between the sale proceeds and the carrying value of the asset. and is recognised in the slalement of financial activrties. 1.7 Impalm*nt of Ilxèd a•8•t• At each reporting end date. the charity ￿vIewS the carrying amounts of rts tangible assets to determine whether there is any indicalion that those assels have suffered an impairrnent loss. If any such indralion exists, the recoverable amount ol the asset is estimated in order to delermine the exttrnt of the impaiment loss lif 8nyl. 1.8 Ca¥h and cash equlvalents Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-terrn liquid investments with original maturities of th￿e months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowngs in current liabilrties. 1.9 Flnon¢lal In$trum¢nts The charity has elected to apply the provisions ol Section 11 '8asic Financial Instruments, and Section 12 'Other FinancAal Instruments Issues. of FRS 102 to all of its finanaal instruments. Fin8n¢ial instrurnenls are recognised in the ch41ity's b81ance sheet when Ihe ch8rfy b0￿Me5 party lo the contl8Ctu81 provisions of the instrurnent. Financial assets and liabilit￿$ are offset, wth the nel amounts p￿Sented in Ihe financial statements, when there is a legally enforceable right to set off the ￿COgnised amounts and there is an intention to settle on a net basis or to reali5e the asset and seiue ihe liability simumaneousty. finan¢ial assets Basic finanaal assets, whth indude debtors and cash and bank balan￿$, are initially measured at transaction price induding transaction costs and are subsequentty carried al amorts'sed c05t using the effective interest method unless the arrangement ConSt￿lU1es a financing transaction. where the transaction is measured at the preseTIt value of the fulure receipts discounted at a market rate of interest. Finanual assets classified as receivable Wbthin tsne yeai ale not amottised. 15- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 A¢coun¢ing policies (Continuedl Baslc flnanclal Ilabllltl•s B8sic financial liabilities. including crediti)rs and bank loans are initwlty recognised at transaction pri￿ unless the arrangement con5btutes a ffinanong transaction. vthere the debt in5ttument 15 measured at the present value ol the future payments discounted at a market rate of interest. Financial liabil￿S classified as payable wbthin one year are not amortised. Debt instruments are sub5equentty carried at amortised c4JsI. using the effective Inte￿$t rate method. Trade creditor5 are obligations to pay for good$ or sèrvices that have been acquired in the ordinary course of operations Irom suppliers. Amounts payable afe cjassthed as current liabilities il payment is due within one year or less. If not, they are presented as non-current liabilib"es. Trade creditors are recognised inthally at tranSact￿Th price and subsequentty measured at amortised cost using the effective interest method. Dfrrncognition ol financifil liabilities Flnancial Iiabililies are dere¢ognised when lh& ¢haiity's ¢ontradual obligation$ expire or ar& dl$¢harg&d or cancelled. 1.10 Employee benefit8 The cost of any holiday &nlrflemenl is r￿n1￿ in th& period in whi¢h th& ¥mploy¥e'$ servths a received. Termination beneffts are recognised immediatety as an expense when Ihe charity is demonstrably cornmrtted lo terminate the employment of an employee or to provide terminalion beneffts. Crltl¢•l a¢¢ountlng ￿tIM¥t¥# and ludg•mtrnt• In the application ol the charrty's accounling pOI￿leS. the trustees are required to make judgements, estlmates and assumptions about the carrying amount of assets and liabilities that are not readify apparent from other sources. The estimates and assoaated assvmptions are based on historical experience and other factor5 that are considered lo be relevant. Ac¢ual resuhs may differ from Ihese estimales. The *$tim81*$ and undertying 8$$umplion$ are ￿VIeWed on an ongomlg basis. R•vi$ion$ 10 8¢￿VnI1ng estimatès are recognisÈd in the period in whith thè estimate is fevised where the ￿vIsiOn affects ￿lY that pariod, or In thè p•riod of th• rèvision and future p•nods where tha fèvision affects both curr8nt and futurè periods. 16- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Donations and legacies Unrestricted Restricted funds funds Totsl 2022 Total 2021 Donations 8nd gffts Grants 722 9,332 1.162 151,942 168 119,253 142,610 10.054 143,050 153,104 119,421 For the year ended 31 Oecember 2021 31.104 88.317 119.421 Donatlon8 and glft8 Other 722 440 1,162 168 722 440 1,162 168 Grant8 rneèlvablè National Lottery Communty Fund H61ston Town Council Arts Counril England FEAST Cornw811 Heritage Trust Cornwall Council CLLD GarcAa Family Foundation Behrens Foundation Other 9.3 2,500 24.999 9.300 2,SOO 24.999 4,000 5,000 27,817 1,000 500 18,431 13,505 50,000 8.332 10,0 36,811 50,0 5,000 18,332 36,811 50,000 5,000 1.000 3.000 9.332 142,610 151.942 119.253 Induded in other grants receivable is as follows. £1.000 Culliv8tor Cornwall Council - local restrictions support grants We￿ issued to help buslnesses durSng the nalonal lockdown and COVID-19 outbreak, these totalled £8,001 12021. £17,431). An addth.onal Comwall Council grant has been received for £331 12021.. £1.1)001 relating to the Communty Chest Scheme and a £10,000 grant12021.'Nill has been receNed as part of Ihe Cultural and Creative Investment Project. LLD gr3nt$ lolalling £36.811 12021.. £13,505) were receivable during the year as Gontribution t<)w8rds ue8tion of 8 new ceiamic studio and asso(iated expendilurè. 17- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charitable activities Totsl 2022 Total 2021 Chantable rental income Other income 54,169 12.987 52,044 6.510 67,156 58,554 Charltabh aetlvltl•8 Unrnstrtetèd R￿t￿¢t•d Fund Fund 2022 2021 Public programm& Le8rnin9 40,844 37,918 40,844 37,918 18,771 34,337 78,762 78,762 53,108 Shao ol support ￿$1${8¢e nole 61 sha￿ ol governance costs (see note 61 67,179 11,060 24,255 91,434 11,(￿0 54,124 2,340 78,239 103,017 181,256 109.572 For the year ended 31 Oecember 2021 Unrestncted funds Restrictèd fund$ 44,483 65,089 109,572 18- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Support costs Support Govemance costs costs 2022 Support Governance costs costs 2021 Depreciation Rates and water Insurance Light and heat Sundries Stsff recruitment, travel and subsistèncè Freelance lee5 Matheting and websrte expenses Offi¢& fumilufe & repairs Telephone and broadband Expenses recharged to projects 38,880 742 3.688 10.600 3.685 38,880 742 3,688 10.600 3,685 36,417 912 3,455 8.536 2,885 36,417 912 3,455 8.536 2,885 300 23.598 220 18.210 220 16.210 23.598 3.355 11,426 3.355 11,426 2,137 2,137 311 886 15.7261 15,7261 117.6231 117,6231 Accountsncy Legal and prof8sslonal 2.700 2.7 2.100 240 2.100 240 91.434 11,C60 102,494 54,124 2,340 56,464 Analysed beNveen Ch8ri1able ¥¢lNits'e$ 91,434 11,080 102,494 54,124 2,340 56,464 Tru$t¢•s Nonè of the trustèes lor any ￿r$on$ wingd¢d wlh Ih&m} re¢¥ived any r¢mun&ration or benefit$ from th charity during Ihe year. Employ•eg The average monthty number of employees during the year was: 2022 Number 2021 Number Tot81 19- THE CORNUBIAN ARTS AND SCIENCE TRUST ',RRL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Tangible fixed assets Freehold buildings Plant and equipment Total Cost At 1 January 2022 Additions 1,044.123 90.289 24,634 1.134.412 24,634 At 31 December 2022 1,044.123 114.923 1.159,046 D•pr•elatlon and Impalrni•nt At 1 January 2022 Depreciabon charged in the year 48,135 16.382 66,181 22.498 114,316 38.880 Al 31 De¢ember 2022 64,517 88,679 153,196 Carrylng amount At 31 December 2022 979.606 26.244 1.005,850 At 31 December 2021 995.988 24.108 1.020.096 10 O•btorn 2022 2021 Amount• lalllng du• wbthln on• year: Trade debtors Other debtors Prgpaym¥nl$ and ac¢rued in¢om• 278 4,SSO 625 566 5,584 844 11 Cr•ditors'. 4mounts falllng du• wbthin on¢ y••r 2022 2021 Accruals and deferred income 3,411 3,850 -20- ¢Dm ¢D- oiwo ONO O (¥J o ty) ZIZr L) ¢LU¢u uu ar)ry> ULL ULL THE CORNUBIAN ARTS AND SCIENCE TRUST RRL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 13 Designated funds The incorne fvnds of the charty indude the follwng deS￿nated fvnds which have been sel 85ide out of unrestricted funds by the twustèes for specific putpose$: MovÈm•nt Mov•m•nt In funds In¢omlng B•Wnco •t r••ourco• 31 DKomber 2022 Incomlng B4l•n¢•¥t r•wur¢w1 J•nu•ry 2022 1 J•nu•ry 2021 Refurbishment of Ihe Propety 30.000 30.000 30.000 30,000 14 Analyo1• of net ao8et8 betw￿￿ fund8 Unr••trleted R•strlct•d fund fund 2022 2022 Total Unrestricted fund 2021 Restricte(J fund 2021 Total 2022 2021 Fund balanee$ ¥131 Docember 2022 are represented by.. Tangible a8set$ Currenl assetsllliabilities 420,741 84,047 585,109 115.130 1,Q)5,850 199.177 446,960 71,779 573,136 74,148 1,020,096 145,927 504.788 700.239 1.205.027 518.739 647,284 1.166,023 15 R•lated porty tron¥•cllon• Arts Council England- a charity of whth N Serota, husband of T Gleadow&, trustee, Is Chalr. Income totalling £24,999 12021". £27,817) relating to Arts Counal Grants I£Nil 12021. £2,781) representing the final 100/0 of Emergency Response Grant and £24,99912021'. £25.0001 represenbng the Project Grant). -23-