Company Registration Number 08175764
Registered Charity Number 1149763
THE CORNUBIAN ARTS
AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
REPORT AND ACCOUNTS
For the year ending 31 December 2024
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COMPANIES HOUSE
A18
#22

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
The Trustees. who are also Direclors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
Cornubian Arts and Science Trust
Charity registration number
1149763
Company registration number
08175764
Registered office
3 Penrose Road, Helston, Cornwall TR13 8TP
Trustees
For Ihe purposes of the Companies Act 2006, the Board of Trustees is the Board of Directors of the
charitable company and is referred to as the Trustees throughout this report.
The Trustees of The Comubian Arts and Science Trust during the period and to Ihe date of signing
this report are as follows:
Ms T R S Gleadowe (Chair)
Mr A G Cameron
Mr C J Hibbert
Mrs K S Townshend
Mr J A Wilkin
Mr P R Williams
Company Secretsry
Mr J A Wilkin
Independent Examiner
Pete O'Hara FCA, Chartered Accountant, 26 La Sagesse,
Jesmond, Newcastle upon Tyne NE2 3AF
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Documents
The Comubian Arts and Science Trust is a charitable company limited by guarantee, incorporated
on 10 August 2012 and registered as a charity on 15 November 2012.
The charity is controlled by its governing document. its Memorandum & Articles of Association, as
amended by Special Resolution on 11 January 2013. and constitutes a limited company, limited by
guarantee, as defined by the Companies Act.
The Directors of the company are also Trustees of the charity.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)
Governing Documents IConL)
Eligibility for membership of the charily, and membership of the Board of Trustees, is governed by
the Articles of Association. There are no restrictions in the governing document on the operation of
the charity other than those imposed by general charity law.
Charltable Purpose
The Comubian Arts and Science Trust's charilable objects are to educate in and promote Ihe arts
and science for the public benefit and to further the development of public appreciation of the arts
and science.
Structure and Governance
The charity currently has a board of six Trustees. The Chair of the Board, Teresa Gleadowe. is
also the Chief Executive.
The Board meets a minimum of three times per year and is consulted by email on urgent matters
that arise between meetings. Detailed written Board reports and an agenda are prepared by the
Executive Chair and circulated in advance of meetings.
Recruitment and Appoinknent of Board of Trustees
Trustees are elected to the Board based on discussions and recommendations offered by Trustees
and outside advisois to the organisation. as well as through a range of advertising channels.
Trustee Induction and Training
New Trustees are inducted by the Chair of the Board and are provided with a range of resources to
support their understanding of The Cornubian Arts and Science Trust's activities.
Reserves Policy
The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by
the Charity Commission.
The Trustees aim to firstly hold a level of unrestricled Reserves which enables the charity lo have
sufficient financial resources to meet various liabilities which would crystallise if CAST was unable
to continue operating. At present, the Trustees estimate that the Unrestricted Reserves reqUI￿d
for such purposes amount to approximately £35.000.
The Trustees also wish to create a £50,000 provision for the potential engagement of an
experienced senior leader to run the charity, should the current Director, who is a volunteer, be
unable to continue for any reason, either at short notice or more permanently in the longer-term.
The Trustees then aspire to retain an additional allowance of £15,000 to enable the charity to
respond flexibly to issues or appropriate initiatives which might be identified outside of its annual
budgeting process.
The optimum level of free Reserves is therefore £100,000.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)
Reserves Pollcy (Cont.)
The charity owns its freehold building, but with charges imposed as a condition of public funding
received. The Unrestricted part of the value of the property is included in the total Unrestricted
Reserves. The charity's total Unrestricted Reserves at 31 December 2024 are £752,896 (2023..
£748,513).
Of the total Unrestricted Funds. £115,000 has been designated previously by the Trustees as an
Artistic Programme ILearning Activities Fund. This designated fund will enable CAST to provide
continuity for its freelance team and to sustain long-term relationships with key partners, including
schools in the Helston area, which benefit from CAST'S learning activities.
In addition. the Trustees have previously designated a Property Maintenance and Development
Fund of £30,000 for ongoing maintenance of the CAST building and have now allocated a further
£60,000 to Ihis Fund to create a 'sinking fund, towards the replacement of capital assets and
equipment. The Property Maintenance and Development Fund Iherefore now stands at £90,000.
A further sum of £100,000 was committed in 2023 as match for the UK Shared Prosperity Fund but
has been fully utilised in the year to 31 December 2024.
Total Designated Funds at 31 December 2024 therefore now amount to £205,000.
Free Reserves, defined as non-designated Unrestricled Reserves of £547,896 {2023'. £503,513)
minus the value of Tangible Fixed Assets of £444,224 (2023.. £449,615), are consequently
£103.672 {2023'. £53,898), which is not materially different to the target of £100,000.
This policy will be reviewed by the Truslees on an annual basis as part of the charity's budgeting
processes.
Grant Making Pollcy
The charity does not currently engage in grant-making activity.
The Contribution of Volunteers
The charity makes extensive use of volunteers within its productions and to support its activities.
OBJECTIVES AND ACTIVITIES
Alms & Objectives
CASTS main current aims, and the changes or differences it seeks to make through its activities,
are to promote participation, appreciation and learning in the visual arts and lo encourage inter-
disciplinary dialogue and collaboration across the arts and sciences. It is committed to the pursuit
of excellence.
CAST works with artists, curators, writers and specialists from other fields locally, regionally,
nationally and intemationally to develop professional expertise and exchange, to present examples
of outstanding creative practice and to create opportunities for audiences of all ages to experience
groundbreaking cultural activity.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
OBJECTIVES AND ACTIVITIES (CONTINUED)
Aims & Objectives {Cont.)
CAST'S activities include provision of educational activities for schools, children and families, the
organisation of professional workshops. conferences, lectures, visual arts events and exhibitions,
and the management of studio spaces in its Helston building to provide workspaces for artists, who
are selected via the following criteria..
The quality and potential of their work
Their commitment to make full use of their workspaces to develop their own creative
practice
Their interest in being part of an inter-generational community of artisls and in contributing
towards a strong and outward-looking creative community
Their sympathetic understanding of CAST'S aims and of CAST'S commitment to offer public
benefit through practice, research, instruction, learning and enjoyment of the arts and
sciences in Cornwall, and nationally and internationally.
Public Benefit
The Trustees understand and have discussed the implications of the provisions of the Charities Act
2006, which states that all charities must demonstrate that they are established for public benefit
and have had due regard to the public benefit guidance issued by the Charily Commission. The
Trustees believe that the charity meets both of the key principles.
Principle 1- There must be an identifiable benefit, or benefits
CAST promotes participation, appreciation and learning in the visual arts by presenting high quality
exhibitions of moving image work by nationally and internationally renowned artists, offering
exceptional opportunities for engagement with contemporary art and artists, delivering
professionally-led programme of creative learning for children and young people in its local area,
providing studios for visual arts practitioners, learners and participants, and encouraging national
and international connection and cultural exchange.
Principle 2 - Benefit must be to the public, or a section of the public
Each element of our work provides benefit to one or more clearly identified sections of the public,
as follows..
The beneficiaries of our programmes are the general public, with a special emphasis on children
and young people. CAST'S learning programme provides benefit to teachers and children at
primary schools in Helston and the wider area including the Lizard peninsula, Helston Community
College and other secondary schools and colleges. CAST'S artistic programme of moving image
exhibitions, events, talks and workshops provides benefit to the general public and to young
people, students, individuals and groups interested in experiencing and engaging with the visual
arts. culture and the world of ideas.
Risk Management
The Trustees of the charity regularly review the major governance. operational and financial risks
which the charity faces as part of its annual business planning process and confirm that systems
have been established to mitigate these risks.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
OBJECTIVES AND ACTIVITIES ICONTINUED)
Rlsk Management (ConL)
The Cornubian Arts and Science Trust has a risk management strategy in place which comprises..
an annual review of the strategic risks the charity may face via the business plan
the establishment of systems and procedures to mitigate those risks identified
the implementation of procedures designed to minimise any potential impact on the charity
should those risks materialise.
The Trustees are satisfied that appropriate financial systems and controls and employment policies
and practices are in pla￿.
The Trustees consider the key risks facing the charity at this time and the mitigating actions taken to
be as follows:
Workload of core freelance team becomes unmanageable..
Weekly check-ins in place to identify any workload issues at an early stage and implement
mitigating actions.
Annual activity of the organisation mapped out to understand any potential 'pinch-points' and
additional resourcelstaffing built into project budgets and engaged as required.
Realistic time frames built into all projects
Health and wellbeing of team prioritised to ensure a positive and supportive working culture.
Vulnerability to the loss of key team members, particularly in respect of reliance upon Trustees to
manage the charity
Fundraising strategy to support the appointment of paid staff to manage the day-to-day
running of CAST
Failure to secure adequate funding income (from trusts and foundations, eamed income, individual
giving and the impact of any shortfall on liquidity of the charity):
Fundraising strategy regularly reviewed by Trustees and amended as ne￿Ssary.
Costs of running and maintaining the building covered by income from rents.
Programme planned on a project-by-project-basis, with project budgets planned in relation
to funding income.
Building maintenance planned in relation to income from rents, with exceptional renovation
projects planned in relation to specific funding raised.
Income from trusts and foundations used to support and maintain continuity of artistic
programme and learning activities.
Regular review of reserves policy along with financial forecasls and cash flow management.
Not delivering artistic excellence..
Evaluating artistic achievements and shortcomings for every projecl.
Collecting critical feedback from audiences and peers.
Collaborating with exceptional artists, including artists from ethnically diverse backgrounds

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
OBJECTIVES AND ACTIVITIES (Continued)
Risk Management (Cont.)
Cost of Living crisis impacts company operations;
Increases to freelance rates of pay accounted for in the 2024-24 budget, to support the
freelance workforce and encourage continuity of the freelance team.
Projects realistically budgeted and contingencies increased and utilised as required.
Costs of materials and equipment carefully planned and budgeted.
Management accounts prepared on a quarterly basis and finances regularly monitored by
Trustees.
The Trustees also manage the general financial risks arising by ensuring that:
Prudent budgets have been set for the next financial year
The charity maintains a low-cost base
Regular management accounts are provided, showing the performance against budget
Contingency plans are in place for the actions which would be taken if income appears
unlikely to reach its target
Reserves policies have been adopled which provide an appropriate amount of uncommitted
reserves which will always enable the charity to meet all its liabilities even if income targets
are not achieved
ACHIEVEMENTS AND PERFORMANCE
Summary of the maln achievements of the charlty during the year
Signlficant actlvities
The Cornubian Arts and Science Trust (CAST) is based in Helston, in the former School of Science
and Art given to the town by the philanthropist John Passmore Edwards in 1897. CAST was
established in 2012, when the building was purchased by benefactors with the intention of creating
a contemporary art centre and artists, studios.
CAST manages the building as a studio complex and also presents a very active programme of
public activities, including public talks, workshops and screenings, and events and activities for
children and young people.
On 2 December 2022 CAST submitted an application for funding from the UK Government's
Shared Prosperity Fund (SPF). The SPF application was for a total of £705,757. to be matched by
contribution of £100k from CAST (of which £10k per year would come from an annual Cornwall
Council grant, a total of £20k over two years). The remaining £80k was to be met from CAST'S own
resources, including rental income and small grants and donations received from other sources.
On 29 September 2023. Good Growrth, the agency set up by Cornwall Council to administer SPF
funding, confimied that the application had been successful. CAST'S first SPF claim was submitted
al the end of September 2023 and payment of £111,789 was received at the end of October. This
payment included reimbursement of money spent since the beginning of April 2023 on building
renovalions and learning activities relating to the SPF project, as well as an advan￿ towards cash
flow.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
The capital project described in CAST'S SPF applicalion included the replacement of roots and
installation of solar panels in the 1913 section of the building, refurbishment and, where necessary,
like-for-like replacement of the original wooden frame windows at the east end of the building and
upgrading of access routes and public areas.
The SPF grant also provided revenue funding to support the development of CAST'S work with
schools and young people, the provision of free creative activities for children and families. and
other public programming.
Capital Programme
Work started in April 2023 with a range of small refurbishment jobs in advance of the SPF decision,
which included the removal of green growth. After the announcement of SPF funding in October
2023, a project manager, architect, and structural engineer were appointed. Teresa Gleadowe
(TG) (Executive Chair of CAST) and Cat Bagg {CB) (Programme Coordinator) agreed that CB
would be responsible for administering the revenue aspects of the project, while Teresa would be
responsible for managemenl of the capital programme.
At the first meeting between the architect, the project manager and TG it was agreed that the
project would be broken into separate packages, for which the architect would prepare
specifications, so that the project manager could invite competitive tenders for particular aspects of
the job. It was felt that this approach was better adapted to local conditions and would make it
possible to work directly with a range of local builders and specialists, which was a priority for the
SPF scheme. It was agreed that this approach was also likely to deliver better value for money
than working with one overall Gontractor.
The first work package issued was for the roof work, as this was the largest financial commitment.
Local roofing and scaffolding companies were appointed in May 2024. Another local company was
appointed to install solar panels. Adam Jackson, who undertakes ongoing maintenance work for
CAST, began work on the refurbishment of windows in April and moved onto the scaffolding when
erected, working alongside the roofers. A local carpenter was commissioned to make replacement
windows where needed and to make new doors for the basement and porch. A local electrician
was appointed to do undertake a comprehensive review and upgrading of electrical circuits and a
local company was appointed to extend the fire alarm to the east end of the building.
Drainage surveys were carried out in anticipation of work on the sleps from the car park at the
back of the building, and arrangemenls were made for CAST to acquire these steps from the new
car park owner (the car park had changed hands in November 2023).
The start dale for the roofing work was delayed by prolonged wet weather. The scaffolding was
erected in July and they started work at the end of that month, with a planned completion in eaily
September. but work continued until the end of that month. The solar installalion was also
completed by the end of September.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
Meanwhile asbestos removal was completed in the attic studio (Studio 10), in the basement space
that had once accommodated the building's central heating plant, and in the porch adjoining the
black box screening space. Extensive stripping out by asbestos specialists was required,
especially in Studio 10.
Other building work was commissioned including masonry repointing; small areas of internal
plastering,. breaking up the floor of the ground floor corridor in preparation for laying poured
concrete; work in the attic, basement and porch,. and drainage and rebuilding of the steps from the
car park. Cornish granite for the steps was supplied by Trenoweth Quarry. This work started in
September.
The car park owner reserved parking spaces for contractor machines and vehicles. Transfer of
ownership of the steps to CAST was set in motion in September 2024 (completed in February
2025). The car park owner agreed to contribute £6,500 towards new drainage, which carries
surface water from the car park under the steps and across CAST'S land. (This sum was received
in January 2025.)
The CAST building was closed to the public during September and early October and the learning
programme and public programme were suspended during this period. However, plans were made
for a screening event with film critic Mark Kermode on Saturday 19 October. and for a celebratory
open weekend, Golden October, on 26 and 27 October. These events both gave energetic impetus
to a six-week period of intensive building activity during which a whole range of internal
refurbishments were completed. These included commissioning the laying and polishing of a new
terrazzo floor in the ground floor corridor, sanding and sealing wooden floors, over-boarding and
plastering the ceiling in the first floor corridor, plastering the ceiling in Studio 15, extensive
redecoration of public areas and new wall linings, new lighting and a large purpose-built cupboard
for art materials installed in Studio 4 (the learning sludio). The learning cupboard project was
supported by a grant agreed by the Tanner Trust and administered by the Comwall Charitable
Foundation.
The 'Golden Octoberf weekend provided an important deadline and made it possible to complete
great many different jobs in a very short space of time.
In February 2024 TG and CB had prepared a Project Change Request (PCR), seeking additional
funding for work thal had not been included in the original SPF application. This PCR was nol
successful, but in January 2025 a second PCR was submitted, covering a range of new work and
also making it possible for funds that had been saved through careful management of the original
SPF budget to be used to commission the rebuilding of the retaining wall at the east end of the
CAST building, behind the Geramics studio.
The PCR was approved at the end of January 2025 and an uplift of £58,384 agreed, bringing total
SPF funding to £763.757. All work was completed and paid for in time for the SPF deadline of 31
March 2025.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
Charitable Activities
The Trustees of CAST recognise the importance of maintaining an artistic programme and of
continuing to develop CAST'S leaming activities with schools and with children and young people.
The public programme is supported by grants from national funders and from trusts and
foundations. CAST has made progress to date by combining long-term strategy with alert
responses to funding opportunities.
Grants and Donations
The grant from the Shared Prosperily Fund, administered by Comwall Council's Good Grovrth
agency on behalf of the UK Government, provided funding for CAST'S learning programme and
other public activities throughout the year, as well as for capital renovations. However, the CAST
team also continued to seek funding from other sources, including trusts and foundations.
In 2019 the Garcia Family Foundation had agreed to support CAST'S learning programme with
donations of £50,000 per year for the next three years, starting in February 2020. The second
payment of £50,000 was received in February 2021 and the third in April 2022. Funding from
Garcia Family Foundation was managed carefully during 2022, and supplemented with other
grants wherever possible, to ensure that learning and public programmes could continue and
CAST prepared a detailed report for the Garcia Family Foundation illustrating all that had been
achieved with their support. On 20 December 2023 the Secretary of the Foundation wrote to say
that the Trustees had exceptionally agreed a fourth donation of £50.000. This funding was paid into
CAST'S account on 4 January 2024. The letter from the Secretary of the Garcia Family Foundation
explained that this was a single donation, not a new multi-year commitment.
In December 2023 CAST received a donation of £5,000 from the Behrens Foundation, following
the first donation made in September 2022. The Behrens Foundation made a third donation in July
2024.
Two instalments of £5,000 from Cornwall Council's Culture and Creative Investment Programme,
were received in May and October 2024 respectively.
Little Parc Owles Trust conlributed £2,000 towards the CAST-Off programme.
Artangel supported the presentation of Marcus Coates's work The Directors with a contribution of
£1,000 paid to CAST in two instalments, one in January 2024 and one in March 2024.
On 5 June 2024 Art Fund agreed a grant of £5,000 to support two year-long student work
placements to assist with the Saturday Art Club and with other aspects of CAST'S programme.
Two students from Falmouth University were recruited and began their part-time placements in
October 2024.
10

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achlevements of the charlty durlng the year (ConL)
During this period Teresa Gleadowe continued as Executive Chair, responsible for the direction
and overall management of the organisation. Cat Bagg, who was engaged in July 2019 on
freelance basis. continued as Programme Coordinator. and Lucy Grant continued as Leaming Co-
ordinator. Kate Turner continued to manage the Saturday Art Club. Anna Harris, who started
working at CAST in July 2022 as a paid intern, wilh funding from RIO and Cultivator, continued to
work for CAST one day a week following the completion of her internship. In August 2024 CAST
advertised for a fixed-term freelance Engagement Coordinator, to supplement the team during the
SPF period. 52 applications were received and in October Holly Jarvis was appointed to take on
the role. All members of the CAST team are part-time and self-employed.
Ceramic Studio
Sarah Fassnidge and Bridle Maddocks took over Clay Trap in October 2023. In January 2024 they
changed the name of the studio to Clay Trap (it was previously known as Brickworks, which linked
it to other projects run by Rosanna Martin).
Sarah and Bridle run the ceramic studio as an independent organisation. They are responsible for
paying renl to CAST and for maintenance of the studio and of studio equipment. CAST provides
publicity through the website and in the monthly CAST newsletter. The ceramic studio also has its
own mailing list and Sarah and Bridle produce a newsletter specifically for users of the studio.
CAST Café
CAST Café is run as an independent business, but it has a symbiotic relationship wilh CAST as it
provides front of house services and operates in many respects as CAST'S public face.
Mikey Croft had taken over the running of CAST Café in August 2021, with chef Caillin Samsworth
recruited as a partner in the business. Mikey had previously worked for the founder of the Café,
chef manager Dom Bailey, who had left in July 202110 live abroad. In the early months of 2024
Caitlin decided to step back from her role as partner in the business and she left early in April. In
the summer of 2024 Mikey Croft gave notice that he wished to wind up the business so that he
could take up another job.
Mikey's decision to step down was announced in November, with a news item in Ihe CAST
newsletter. In the interim he had worked closely with Ihe CAST team to achieve a smooth
handover. Al Mikey's suggestion, Rebekah (Bekah) Smith was recruited to come in with a limited
offer of coffee, homemade cake and soup lunches on Thursdays, Fridays and Saturdays in the
run-up to Christmas. Mikey's last day was Saturday 23rd November. Bekah's sessions started on
Thursday 28th November and ran unlil Thursday 19th December, when the CAST building closed
for Christmas. During this period CAST paid Bekah a daily wage and covered the cost of
purchasing ingredients while retaining all takings. This interim arrangement worked well.

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achlevements of the charity durlng the year IConL)
Meanwhile CAST drew up a brief and publicised the opportunity for a new person or team to lake
on CAST Café. There were a large number of enquiries. including an approach from Ben Coombs
and Kara Alcom. Ben was head chef at Argoe in Newlyn, a fish restaurant with a high reputation.
He was contracted to give three months, notice so was not free to start full-time at CAST until April
2025, but it was agreed that Kara would start work on January 18th, wilh Ben coming in to prepare
food before going on to work al Argoe. During this period there was a limited food offer of coffee.
cakes, sandwiches and soup. Ben left Argoe and started working full time at CAST Café in April,
with a greatly expanded lunch menu from that time. A Saturday dinner service was introduced on
3rd May.
The additional funding provided as a result of the PCR agreed by SPF in January 2025 made it
possible to make some improvements to the Café kitchen, including purchase and installation of an
extractor hood and a pass for hot food, and installation of stainless-steel cladding. These small
changes have enhanced the Café kitchen's efficiency and performance,
CAST Studlos
There were several changes in tenancies during the year, especially in the smaller spaces, which
are also the most in demand. The studios continued lo be fully occupied, with strong responses
when studios were advertised as empty. CAST maintains a database of artisls who have
expressed interest in renting a studio in the building.
Studio 1 continued to be used as a black box screening space, Studio 4 as a learning studio and
Studio 15 as a multi-use space.
Charlie Duck moved into Studio 14 on 1 March 2023, sharing with Sarah Fassnidge. It was
originally planned that this tenancy would last for nine months, but it was later extended until the
summer of 2024. Nina Royle moved out of Studio 18 in August 2024 and Charlie Duck moved into
Ihis studio.
On 1st September 2024 Studio 14 was taken on by Intertide CIC - known as the Seaweed Institute
project run by Kerry Holbrook and Ruth Kluckers.
Jasmine King moved out of Studio 20 on 31 May and this studio was taken by Mollie Goldstrom.
Studio 10 continued to be used as a shared spa￿. Two Falmouth graduates, Liv Gravil and Ruairi
Stock, had moved in on 7 June 2022, with support from Cultivator. Ruairi moved out at the end of
January 2023 (which was the end of the Cultivator-funded period), but Liv stayed on (and finally
moved out at the end August 2024). Kirsten Shanks moved in on 1 May 2023 and became the
registered studio holder. Emily Roberts moved in early in November 2023 and a fourth tenant,
Falmouth graduate Isaak Johnson, moved in in December 2023. Isaak moved out at the end of
April 2024 to take on an empty shop in Redruth and Aaron Peters, a recent graduate of University
of Plymouth. moved in at the beginning of July. For most of the year, there were four artist tenants
in Studio 10.
The following tenancies were unchanged during the year.. Lisa Wright Studio 2, Shelly Tregoning
Studio 3, Sarah Johnson Studio 5, Bronwen Buckeridge Studio 6, Tom Kaniok Sludio 7, Nicola
Bealing Studio g, Imogen Bone Studio 8, Juliette Paull Studio 11, Mark Hedger Studio 12, Ben
Sanderson Studio 13, Amy Morgan Studio 17, Lucy Willow Studio 19.
12

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the maln achievements of the charity durlng the year Icont.)
CAST requires artists with studios in the building to hold an Open Studios weekend each year. As
part of the Golden October weekend, the artists opened their doors to visitors on Saturday 26 and
Sunday 27 October 2024, from 11am to 4pm on both days. The following artists were present=
Nicola Bealing, Imogen Bone , Bronwen Buckeridge. Charlie Duck, Sarah Fassnidge, Mollie
Goldstrom. Marf( Hedger, Sarah Johnson. Bridle Maddocks, Juliette Paull, Aaron Peters, Emily
Roberts. Kirsten Shanks, Mark Surridge, Shelly Tregoning, Lucy Willow, The Seaweed Institute
and Clay Trap ceramic studio.
The building work involved major disruplion for some tenants and resulted in rental income being
reduced. All the artists accommodated in Studio 10 had to move out while asbestos was removed
and the space was renovated. During this period they were rehoused in Studio 15 and monthly
rents were reduced. Artists in the ground floor studios, 2,3,19 and 20, were unable to access their
studios while the new concrete floor was being laid and polished and a rent holiday was agreed for
this period. A rent holiday of two months was also agreed for Studio 13, which was affected by
debris and dust from roof work, and Studio 14 was also empty for two months.
The ceramic studio was granted a rent reduction for the period from 1 May to the end of October
(six months). The rent reduction was introduced to support Sarah Fassnidge and Bridle Maddocks
during their first months running the studio, but it also covered a period when roof work was
causing debris, and scaffolding made access to the studio more difficult. It was especially welcome
for this reason.
CAST'S artist tenants were supportive of the building work and enthusiastic about its outcomes.
The Trustees and CAST team are very appreciative of their tolerant attitude towards noise and
disruption.
Public Programmes
Despite interruptions (six weeks when the building was closed lo the public and a total of four and
a half months when the programme was suspended because of building work), this was a very
busy and productive year for CAST. The programme of learning workshops for primary schools
and creative activities for children and families was also very active and the Saturday Art Club for
11- to 16-year-olds attracted new members from the local area, recruiled with support from Helston
Community College.
Artistic Programme
The yearfs programme began with a looped presentation of Yusof Abdul-Rahman's film Clay
Country, which captures a conversation between artist Richard Wentworth and historian Ivor
Bowditch about Comwall's China Clay industry and its impact on the region's landscape, culture
and experience. The film ran from 12 to 27 January.
During this period - on 18 January- CAST hosted an evening screening of Chris Morris's film A
Year in a Field, which observes a Cornish slanding stone over a year, between two winter
solstices, inviting a reflection on the planetary impacts of human existence. Chris introduced the
event and took part in a panel discussion with Cinematologist Neil Fox, CAST studio holder
Bronwen Buckeridge (who made the field audio recordings for the film) and sound designer Claire
Stevens.
13

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year {Cont.
Also in January, artist Yael Roberts undertook a month-long residency in Studio 15. She concluded
her residency on 15 February with an open studio event sharing the large wall-to-ceiling prints she
had made during her time in Cornwall.
Marcus Coates's work The Directors was screened from 30 January to 10 February. This collection
of five films is a collaboration between the artist and five individuals, each of whom directed
Marcus Coates to re-enact their individual experience of psychosis. Commissioned by Artangel,
the project challenges cultural stigma by asking people who have suffered psychotic episodes to
represent the drfferent realities they have experienced. Marcus gave a talk at CAST on 8 February,
took part in a public in-conversation evenl with psychoanalyst Ilric Shetland at Falmouth
University's School of Film & rd, and visited Helston Community College to lalk to students about
his work.
During the February half-term week. the Museum of Cornish Life again collaborated with CAST to
present a programme of free screenings in CAST'S black box space as part of their annual
Animate Helston programme. The much-loved animation Wall-E was shown from 13 to 17
February.
818ck Beauty.. for 8 Sh8manic Cinema, by Jarman Film Award winner Grace Ndiritu, was screened
between 20 February and 30 March. Created while Ndiritu was on an artist residency in Argentina,
the film imagines a conversation belween African fashion model Alexandra Cartier and Argentine
writer Jorge Luis Borges, exploring themes of ecology, migration, colonialism, pandemics and deep
time.
The Artist's Choice programme resumed at the beginning of February, when theatre-maker Sue
Hill, well known for her work with Iheatre companies Wildworks and Kneehigh. introduced Victor
Sjostrom's The Wind, which stars Lillian Gish in MGM'S final silent film. On 22 February artist Sir
Richard Long selected Walk the Line as his Artist's Choice. giving a short introduction to James
Mangold's film, which explores the rise and fall of country music legend Johnny Cash. The third
Artist's Choice was selected by artist and CAST studio holder Charlie Duck, who introduced
Werner Herzog's film Aguirre.. The Wrath of God on 28 March.
Also in March, artist Mike Nelson visited Comwall for a week lo lead the Cornwall Workshop, an
intensive one-week group residency for artists with a connection to the region. As part of the
programme, on 10 March CAST organised an event for artists and other arts professionals, with a
communal meal and opportunities to network and socialise. The evening included a talk by
Professor Caitlin Desilvey about Mike Nelson's work The Asset Stnppers, a talk by Mike Nelson,
and a screening of Sergei Parajanov's film The Colour of Pomegranates, selected and introduced
by Nelson. On 12 March, also as part of the Cornwall Workshop programme, Mike Nelston gave an
artist talk at Falmouth University, introduced by and in conversation with Jonty Lees, course leader
of Falmouth's BA Fine Art.
Over the Easter break, between 2 and 13 April, a programme of children's films was shown in the
black box as free screenings.. Ernest & Celestine, La Tortue Rouge (The Red Turtle), My
Neighbour Totoro, Ponyo and Song of the Sea.
14

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achlevements of the charity during the year (Cont.)
On 25 April CAST presented a programme of three short films by Samuel Bestwick. Georgia
Gendall and Jo Lathwood - all artists based in the South West and who have participated in
previous Comwall Workshops. Each artist introduced their work and answered queslions. The films
were also shown as free looped screenings on 26 and 27 April.
In May CAST facilitated a screening of Selected 14. a collection of new films by early career artists
whose work had been nominated by the artists shortlisted for the 2023 Film London Jarman
Award. The programme, organised by videoclub and London Artists, Moving Image Network
(FLAMIN). was shown at Falmouth University's School of Film & TV on 16 May with support from
Caroline Deeds.
From 21 May to 29 June CAST presented a programme of five short works by artist-filmmaker
Margaret Salmon - The Enemies of the Rose, Gibraltar, Bird, Boy (winter), and Parolanto - as a
looped screening titled boy bird monkey rose. Each work is an inlense and beautiful filmic portrait,
focusing on the minutiae of the everyday through close obseNations of human behaviour, plants
and animals. Margaret Salmon visited CAST to give an artist talk on 13 June, as well as a
workshop exploring embodied observational methods on 14 June.
Artist Laureana Toledo visited on 20 June to talk about her publication The Waste Land, which
draws together writings from her project Order and Pmgress exploring the environmental
devastation of the Isthmus of Tehuantepec, the area of Mexico in which Laureana spent her early
childhood years. She was joined in conversation by writer and editor Lucy Foster and Mexican poet
Julio Trujillo.
Over the summer, from 2 July to 24 August, CAST premiered a film by Huw Wahl, Wind, Tide &
Oar, which explores engineless sailing and features a number of remarkable boats and sailors
based in Cornwall. Huw Wahl made the film on a 1960s hand-wound camera, working with his
sister, sailor Rose Ravetz. Additional footage and artefacts from the making of Wind. Tide & Oar
were presented alongside the main film. with a focus on the land-based workmanship that is
essential to the mainlenance and production of traditional boats. Rose Ravetz joined Huw Wahl for
an in-conversation event at CAST on 11 July, along with Jude Brickhill, skipper of Guide Me,
Looe lugger Ihat is berthed on the Helford River near Helston and features prominenlly in the film.
On 19 October, marking the resumption of CAST'S public programme after a six-week break for
intensive building work, renowned film critic Mark Kermode visited to give a talk entitled Why
Horror Films A￿ Good For You, which explored the importance of horror. tracing the history of the
genre from Nosferatu to The Exorcist to Saint Maud.
'Golden Octoberf, a weekend of events and activities celebrating the renovation works achieved
wilh the support of SPF, took place from 25 to 27 October. The programme began with a public
talk by artist Mike Nelson on the evening of Friday 25 October. On Saturday 26 October, Sarah
Fassnidge and Bridle Madocks, who run Clay Trap, held a beaker decorating session and Kery
Holbrook and Ruth Kluckers, who run the Seaweed Institute, held a seaweed pressing workshop.
Lucy Grant and other members of CAST'S leaming team held free block printing and tri-chromatic
printing workshops and supervised colour play in the black box.
15

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
Alongside this, local residents and CAST regulars John and Sarah WanNick led an informal social
walk from Helston to Gweek, and CAST studio holders held an open studio event, which ran until
Sunday 26 October. Also on Sunday 26, expert pinch potter Hannah Lawrence ran a free
workshop using tradilional hand building techniques to make 'tiny Neolithic vessels, and offered a
more in-depth Neolithic Pottery workshop for paid participants, CAST'S learning team ran free
'portrait pots, sessions, sculptor David Paton led a walk around Helston exploring tooling marks on
granite buildings, and artist Bronwen Buckeridge led a coastal walk at Rinsey, with readings from a
wide variety of literary and historical sources.
BBC Radio 3 presenter Petroc Trelawny visited CAST on 21 November to talk about his debut
book Trelawny's Cornwall.. A Joumey Through Western Lands, which explores, amongst other
lopics. the collapse of Methodism. the decline of the Cornish language, and Cornwall's complex
relationship with tourism. Petroc was in conversation with Teresa Gleadowe.
On 6 December CAST hosted Spint Messages, a touring programme of six artists, films curated by
the prominent Dublin-based initiative for artists, moving image aemi. All￿ Butler from aemi
introduced the screening and three of the artists featured in the programme - Niall Cullen, Dan
Guthrie and Amanda Rice - came to CAST to speak about their work.
A selection of animated films for children was screened on 14 December to coincide with
Christmas print workshops in the CAST building. On 19 December. Helston Town Band retumed to
CAST Café for their annual perforrnance of traditional Christmas carols by the fireside.
All these events and activities were very well attended, with Artist's Choice screenings attracting
strong audiences and talks by both Mark Kermode and Pelroc Trelawny attracting full houses.
CAST keeps a detailed record of attendance and collects audience responses for all artist's film
presentations. All of this information was used in detailed SPF reporting.
Learning Programme
Relationships with local schools continued to grow and CAST'S learning team, led by Lucy Grant,
was able to deliver a full programme of workshops, one in each term of the academic year. During
Ihe year the learning team worked with fifteen local schools.. Sithney, Nansloe, Heamoor, St
Michaels, Parc Eglos, Grade Ruan, Breage, St Keverne, Coverack. Porthleven, St Hilary,
Manaccan, Godolphin and Garras.
In March, Lucy Grant revived the very popular schools workshop. The (Surprisingly) Adventurous
Rhododendron, with eleven sessions laking place between 11 and 25 March for a total of 270
pupils between years 1 and 6.
In July the learning team developed a new iteration of CAST-Off for schools. A total of 254 pupils
between reception and year 6 took part in nine sessions between 4 and 14 June.
In November, the learning team created a new version of their much-loved Chromacopia
workshops. A total of 246 pupils between years 1 and 6 took part in 10 sessions between 11 and
22 November.
16

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE ICONTINUED)
Summary of the main achievements of the charity during the year {Cont.)
Lucy Grant and her team also organised four free 'Think and Make, workshops for children and
families at CAST during half-terms, and four free workshops during the Golden October weekend
(as outlined in 'Artistic Programme, above). These workshops engaged over goo participants in
total.
The team developed the fifth version of CAST-Off, which was held during July and Augusl in the
walled garden at National Trust Penrose. 2108 people participated in the five sessions, with a
diverse range of artist-led activities on offer at each. The CAST-Off programme has grown in
popularity year-on-year and CAST has gathered a substantial body of feedback from local
participants, underlining the importance of this programme of calm, outdoor creative activity,
In July. three year 10 students from Helston Community College undertook a week of work
experience at CAST.
The￿ were also two special learning opportunities for students from the school. In June, poet
Pascale Petit led a daylong poetry workshop with fourteen year 12 students studying English
Language and English Literature and three teachers from the English Department. In July Lucy
Grant and Vicky Wiltshire from CAST'S learning team led a three-day project for fifteen students
from the school, involving expeditions to locations on the Lizard peninsula and printmaking
sessions at CAST, inspired by the etchings of the artist Bryan Ingham {1936-1997> who lived in
mote cottage on the west side of Predannack airfield, on the Lizard.
CAST'S Salurday Art Club continued to attract participants from Helston Community College and
from the surrounding area. At the beginning of the year the decision was made to open the
membership to children from the age of 11. By September 2024 demand for places was such that
it was decided to create a second group, with tsvo sessions now running each Saturday, one in the
morning and one in the afternoon, and membership increasing from 24 to 40.
Organised by artist and learning specialist Kate Turner, the club also provides valuable training
and experience for Falmouth students who want to pursue a career in art education. In September,
with support from Art Fund, CAST was able to offer two paid placements for Leaming and
Engagement Assistants. The opportunity was advertised through an open call and six candidates
were interviewed. The two students selected were both Falmouth University undergraduates.
Unfortunately one of them was unable to continue with the placement beyond November, but
another strong applicant was able to step in and begin a placement in January 2025. The
placements have offered substantial experience of working with the Saturday Art Club, assisting in
schools workshops and supporting evening events as well as session preparation and general
planning.
Partnershlps
The Groundwork project in 2018 created a range of relationships with organisations in Cornwall
and these relationships were maintained despite the difficulties imposed by the pandemic. CAST
made efforts to ensure that initiatives by partner organisations were supported in CAST'S monthly
e-newsletter and this has continued, with a section of the newsletter headed 'You Might Also Like,
providing news of activities and events elsewhere. Readership of the newsletter grew during 2024.
as did CAST'S following on social media.
17

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
CAST has a good working relationship with the Museum of Cornish Life and with new
organisations in Helston, including Trevow and The Bookshop in Helston. Teresa Gleadowe's
involvement with Helston CIC continued and she and Cat Bagg are also members of a new cultural
group. Teresa's engagement with the Helston Place Shaping Board (HPSB) grew. With Asia
Grzybowska, Chair of the HPSB, she was responsible for making a successful application to
Cornwall Council's Town Delivery Fund for funding that included provision to launch a Spring
Festival in Helston in March 2025.
CAST works closely with local primary schools and with Helston Community College. These
relationships continue to grow, with very positive feedback from teachers.
CAST'S relationship with Falmouth School of Art has been strengthened by Cat Bagg's close links
wilh both students and staff. A project called Broken Noses took place at CAST in March 2024, as
an outcome of a residency involving Falmouth staff and studenls.
Financlal Review
The out-turn for the year is an unrestricted surplus of £4,383 {2023: Surplus £95,486). The surplus
will leave a balance on Unrestricted Funds at 31 December 2024 of £752,896 (2023.. £748,513).
The Trustees consider the financial performance of the charity to be satisfactory.
18

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 310ecember 2024
PLANS FOR FUTURE PERIODS
The additional Shared Prosperity Fund support agreed in January 2025 made it possible to
continue upgrading public areas of the CAST building in the early months of 2025, up to the end
of March,
The additional funding included provision for refurbishment of the first floor corridor to provide
CAST studio holders with a space in which to showcase selections of work and hold small privale
views., fitting of new Marmoleum on the stairs in the 1905 section of the building by Helston-
based Carpet Connections" new copings and pointing of the wall beside the new granite steps.
new side rail at the top of the steps made and fitted by Helston Fabrications., conversion of the
basement by Helston-based builders Mike Carter & Sons to provide an additional workspace for
the ceramic studio; completion of renovations of the porch at the east end of the building to
provide a secondary exit onto Penrose Road; some additional roof work by Lizard Roofing.,
adaptations and upgrading of the CAST Café kitchen,. and a number of small exterior jobs
including new storage areas for chairs and other equipment.
During the period January to March 2025, the last part of the original SPF grant was used to
commission CGS Contractors to rebuild part of the retaining wall at the east end of the building
(behind the ceramic studio). The condilion of this wall had been a matter of concern for many
years and Trustees agreed that resolving this problem was a very appropriate use of the
remaining funding.
The building renovations made possible by SPF funding will extend the life of the building for
many decades and will make it more resilient to climate change. The project was completed on
time and on budget and a full report was submitted to Good Growth at the end of April. An
illustrated impact report was compiled in April, providing a basis for future fund raising. The last
instalment of the SPF grant, £76,375.78, was paid on 10 July 2025.
Funding from the UK Govemment's Shared Prosperity Fund supported CAST'S leaming activities
for the period from April 2023 to the end of March 2025. l+Vhile studio rents cover overheads and
essential building maintenance, Trustees acknowledge that the artistic programme, work with
children and young people. learning activities for schools, and other aspects of CAST'S public
programme will continue to require support from public funding bodies, trusts and foundations,
and that future programmes will depend on effective fund-raising.
Donations from the Garcia Family Foundation and the Behrens Foundation will contribute
towards the continuation of CAST'S programmes in 2025, but CAST will also continue to seek
support from national funders including Arts Council England, and from funders in Cornwall
including Helston Town Council, the Helston Downsland Trust, FEAST. Little Parc Owles Trust
and the Cornwall Charitable Foundation.
Following completion of CAST'S Annual Accounts for the period to 31 December 2023, the
independent examiner advised that CAST would be eligible to apply for Museums & Galleries
Exhibition Tax Relief (ETR). A claim was completed and submitted in December 2024 and ETR
of £9,794.05 was paid into CAST'S account on 21 January 2025. ETR claims will now be
submitted annually and the resultant income will assist in achieving CAST'S programme
aspirations.
19

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
PLANS FOR FUTURE PERIODS (CONTINUED
In October 2024 the Helston Place Shaping Board heard that their application for a Town
Delivery Fund grant had been successful and that funding was available for an event involving
wide range of cultural organisations in Helston. Teresa Gleadowe worked closely with other
members of the Board to develop the proposal, which became Helston's first 'Spring Thing,, a
weekend of events and activities organised by Vicky Wiltshire and Amy Webb to coincide with the
spring solstice. 21 to 23 March 2025.
Both Vicky and Amy are freelance members of the CAST team. A number of CAST'S artist
tenants also contributed to the programme. Helston Town Council paid the grant allocation for the
Spring Thing into CAST'S account (payments of £10,000 on 12 February and £14,505.13 on 31
March 2025) on the understanding that CAST would manage disbursements and undertake
financial oversight of the project. Helston Spring Thing was very well received and was
completed on budget.
Ben Coombs and Kara Alcorn started operating the Café on January 18th 2025, initially with Kara
managing front of house single-handed and Ben coming in to prepare food before going on to
work at Argoe in Newlyn. During this period there was a limited food offer of coffee, cakes,
sandwiches and soup. In April Ben left Argoe and slarted working full-time al CAST Café, with
greatly expanded lunch menu. A Saturday dinner service was introduced on 3rd May. The Cafa is
currently operating Wednesday to Saturday, 10am to 4pm (whereas it had operated from
Tuesday to Saturday under Mikey Croft's management). General trading conditions continue to
be very challenging, with rising food prices and a squeeze on household spending.
In May 2024 Te￿sa Gleadowe (TG) had written to all CAST tenants lo advise thal studio rents
would have to increase as they had not gone up since 2019 and overheads had risen
dramatically in Ihis period, especially the cost of electricity and of buildings insurance. The
Trustees had decided that rent increases would not be introduced until the SPF-funded building
work had been completed, as this would inevitably cause disruption to tenants, but TG had
advised that rent rises would be introduced in 2025 and would generally add 100/0 to the current
studio rent. Rent rises were introduced on 1 June 2025.
In JunelJuly 2025, TG collaborated with Annette MacTavish, Director of the Museum of Cornish
Life, to prepare an application to Cornwall Council's Town Regeneration and Investment
Programme (TRIP) for funding to build steps linking the two properties and creating a new
pedestrian route. The application was matched by pledges of match funding from the Museum and
from Helston Town Council and Helston Place Shaping Board. and of c. £10,000 from CAST.
CAST'S pledge was agreed in correspondence with Trustees in June 2025. The application was
submitted by the Museum of Cornish Life in July 2025 and the outcome is awaited.
20

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT
For the year ended 31 December 2024
RESPONSIBILITIES OF THE TRUSTEES
The Trustees (who are also the Directors of The Cornubian Arts and Science Trust for the
purposes of company law) are responsible for preparing the Trustees, Annual Report and the
financial statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure. of the charitable
company for that period.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consislently:
observe the methods and principles in the Charities SORP"
make judgments and estimates that are reasonable and prudent:
state whether applicable UK Accounting Standards have been followed, subject lo any
material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume thal the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records thal disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure
that the financial stalements comply with the Companies Act 2006. The Trustees are also
responsible for safeguarding the assets of the charitable company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees
Ms T R S Gleadowe
Trustee
Company Registration Number 08175764
7 August 2025
21

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS
OF THE CORNUBIAN ARTS AND SCIENCE TRUST FOR THE YEAR ENDED 31 DECEMBER
2024
I hereby report to the Trustees of The Cornubian Arts and Science Trust (Charity Registration
Number 1165182) on my examination of the accounts for the year ended 31 December 2024 set
out on pages 22 to 34.
Responsibilities and Basis of Report
As the charity's Trustees (and also its directors for the purposes of company law), you are
responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 {'the 2006 Act.).
Having satisfied myself that the accounts of the Company 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
examination of your charity's accounts as carried out under section 145 of the Charities Act 2011
('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity
Commission under section 145(5) (b) of the 2011 Act.
Independent Examlnerfs Statement
Since the Company's gross income exceeded £250,000, your examiner must be a member of a
body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the
examination because l am a member of the Institute of Chartered Accountant in England and
Wales, which is one of the listed bodies.
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..
accounting records were not kept in respect of the Company as required by section 386 of
the 2006 Act, or
2. the accounts do nol accord with those records. or
3. the accounts do nol comply with the accounting requirements of section 396 of the 2006
Act other Ihan any requirement that the accounts give a 'true and fair view, which is not
matter considered as part of an independent examination. or
4. the accounts have not been prepared in accordance with the methods or principles of the
Statement of Recommended Practice for accounting and reporting by charities (applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102)).
I have no concems and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Pete O'Hara, FCA. Chartered Accountant
Fellow of the Institute of Chartered Accountants in England & Wales
26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF
7 August 2025
22

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Note
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Income
Income from Investments
1,316
1,316
Income from Grants, Donations &
Legacies
15,573
437,906
453,479
199,103
Income from Charitable Activities
77,206
77,206
87,600
Total Income
94,095
437,906
532,001
286,703
Expenditure
Expenditure on Charitable Activities
89,712
484,533
574,245
169,143
Total Expenditure
89,712
484,533
574,245
169,143
Net Incomel{Expenditure)
4,383
(46,627)
142,244
117,560
Transfers between Funds
Balance brought forward at 1
January
748,513
574,074
1,322,587
1,205,027
Balance carried forward at 31
December
13
£752,896
£527,447 £1,280,343 £1,322,587
The notes on pages 24 to 34 form part of the financial statements.
All of the activities of the company are classed as continuing.
The Statement of Financial Activities includes all gains and losses in the year and therefore
a statement of total recognised gains and losses has not been prepared.
23

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL POSITIONIBALANCE SHEET
AS A T 31 DECEMBER 2024
2024
2023
Notes
Fixed Assets
Tangible Fixed Assets
967,912
985,284
Current Assets
Debtors
Cash At Bank & In Hand
10
2,231
315,264
317,495
52,683
291416
344,099
Credltors - Amounts Falling Due Within 1 Year
(5,064)
(6,796)
Net Current Assetsl(Liabilities)
312,431
337,303
Total Net Assets
12
£1280 343 £1322 587
Represented by:
Unrestricted General Funds
Unrestricted Designated Funds
13
13
547,896
205 000
752,896
503,513
245 000
748,513
Restricted Funds
13
527,447
574,074
£1280 343 £1322 587
The notes on pages 24 to 34 form part of the financial statements.
The Trustees are satisfied that for the year ended 31 December 2024 the charity was entitled to exemption
under section 477(2) of the Companies Act 2006.
The Trustees also confirm that the Members have not required the charity to obtain an audit in accordance
with section 476 of the Companies Act 2006
The Trustees acknowledge their responsibilities for..
(i) ensuring that the charity keeps adequate accounting records which comply with section 386 of the Act,
and
{ii> preparing financial statements which give a true and fair view of the state of affairs of the charity as at the
end of the financial year and of its profit or loss for the financial year in accordance with the requirements of
section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so
far as applicable to the charity.
These financial statements were approved and signed by a Member of the Board of
Trustees on 7 August 2025.
Ms T R S Gleadowe
Trustee
Company'Registration'Number 08175764
24

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies
Basis of Accounting
These financial statements have been p￿pared in accordance with applicable United
Kingdom accounting standards, including Financial Reporting Standard 102
'The
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland,
{'FRS 102,), and with the Companies Act 2006 and the Statement of Recommended
Practice (Charities SORP FRS 102) "Accounting and Reporting by Charities" and the
Charities Act 2011.
The financial statements have been prepared on the historical cost basis, modified to
include certain financial instruments at fair value.
Advantage has been taken of the provisions in the SORP for Charities applying FRS 102
Update Bulletin 1 not to prepare a slatement of cashflows.
The financial statements are prepared in sterling. which is the functional currency of the
charity.
Taxatlon Status
The Cornubian Arts and Science Trust is a Charity registered under the 1960 Charities
Act and is accorded exemption from liability to taxation on rts income under S505 Income
and Corporation Taxes Acl 1988.
Going Concern
The Trustees believe that there a￿ no material uncertainties about the charty's ability to
continue.
Income
All income is included in the statement of financial activities when the charity is entitled to
the income, any performance related conditions attached have been met or are fully within
the control of the charity, the income is considered probable and the amount can be
quantified with reasonable accuracy.
The following specific policies are applied to particular categories of income..
Donations and legacy income is received by way of donations, legacies, grants
and gifts and is included in full in the Statement of Financial Activities when
receivable.
Grants, where entrtlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the charity becomes
unconditionally entitled to the grant.
Investment income is included when receivable.
Income from charitable trading activty is accounted for when eamed.
Other income is accounted for when receivable.
25

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies (Continued)
Operating Leases
The charity classifies the lease of certain types of equipment as operating leases as
Ihe title to the equipment remains with the lessor. Rental charges are charged against
income on a straight-line basis over the period of the lease.
Tangible Fixed Assets and Depreciation
Depreciation is provided on any fixed assets at rates calculated to write off the assets
over their remaining useful lives as follows:
Freehold Buildings
Plant & Equipment
20/0 per annum straight line
10% . 250k per annum straight line
A full year's depreciation charge is applied in Ihe year of acquisition and no charge is
made in the year of disposal.
Impaimient of Fixed Assets
A review for indicators of irnpaimient is carried out at each reporting date, wrth the
recoverable amount being estimated where such indicators exist. Where the carrying
value exceeds the recoverable amount, the asset is impaired accordingly. Prior
impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a
party to the contractual provisions of the instrument. Basic financial instruments are
initially recognised at the amount receivable or payable including any related
Iransaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequentty measured at amortised cost where there is a
material adjustment.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtheran
of the purposes of the charty.
Designated funds are unrestricted funds eam)arked by Ihe trustees for specific
purposes.
Restricted funds are subjected lo restrictions on their expenditure imposed by Ihe
donor.
26

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies (Continued)
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and
judgements are continually reviewed and are based on experien￿ and other factors,
including expectations of future events that are believed to be reasonable under the
circumstances.
There are no significant judgements or estimations of uncertainty included within the financial
statements.
Legal Status
The charity is a company limited by guarantee and has no share capital. The liability of each
mernber in the event of winding up is limited to £1. The company law members of the charty
are the members of its Board of Trustees.
Income from Investments
Unrestricted Restricted
Funds
Funds
2024
2023
Interest on Cash Deposits
£1,316
£1,316
27

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from Grants, Donations & Legacies
Unrestricted Restricted
Funds
Funds
2024
2023
Donation - Garcia Family Foundation
Donation - Behrens Foundation
Donations & Gifts - Other
50,000
5,000
935
55,935
5,000
573
5,573
5,000
573
5,573
Grant Income
Artangel - The Directors
Art Fund - Residency Exchange
Art Fund- Student Placement Scheme
Cornwall Community Foundation - Tanner
Phoenix Fund
Cornwall Council
Culture & Creative
Investrnent Programme
Cornwall Council - UK Shared Prosperity
Fund
Cultivator - Internship
Curry Fund - Building Stones of Helston
Feast- Water & Stone
Helston Downsland Trust - Saturday Club
Helston Town Council
CAST-Off
programme
Little Parc Owles Trust
programme
National Lottery Heritage Fund Schools
Workshops
1,000
1,000
650
5,000
2,900
5,000
2,900
10,000
10,000
10,000
427,006
427,006
111,789
1,760
1,000
1,000
3,500
2,500
CAST-Off
2,000
2,000
1,000
9,969
10,000
437,906
447,906 143,168
£15,573 £437,906 £453,479 £199,103
Of the 2023 total of £199,103, £65.935related lo Unrestricted Funds and £133,168 to Restricted
Funds.
28

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from Charitable Activities
Unrestricted Restricted
Funds
Funds
2024
2023
Rental Income
Recharged Utilities & Hire Income
Other Income
53,172
15,427
8,607
£77,206
53,172
15,427
59,434
15,945
£77,206 £87,600
The 2023 total of £87,600 related wholly to Unrestricted Funds.
Expendituro on Charltable Actlvltles
Unrestrlcted Restrlcted
Funds
Funds
Total
2024
Total
2023
ProductionlProject Costs
Public ProgrammelLearning Activities
Freelance Fees
37,700
11,173
48,873
9,034
50,016
59,050
46.734
61,189
107,923
37,003
49,886
86,889
Support Costs
Depreciation
Insurance
Loss on Disposal of Fixed Assets
Marketing & Website Costs
Repairs & Maintenance
Utilities - Heat & Light l Rates & Water
Other Administration & Running Costs
8,480
5,472
11,981
20,461
5,472
23,274
4,322
430
3,679
28,231
15,278
2,880
78,094
5,150
5,150
380,890
13,501
380,890
13,501
4,295
36,898
392,871
429,769
Governance Costs
Accountancy & Book-Keeping Fees
Legal & Professional
3.941
3,941
32,612
36,553
4,160
32,612
32,612
3,941
4,160
£89.712
£484,533 £574,245 £169.143
Of the 2023 total of £169,143. £58,049 related to Unrestricted Funds and £111,094 to Restricted
Funds.
29

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE>
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Net Incomel(Expenditure)
2024
2023
Net incomel(expenditure) is stated after chargingl(crediting):
Independent Examiner s Fees- current year
Independent Examiner- Other Services
Depreciation of owned Fixed Assets
1,800
360
20,461
1,800
360
23,274
staff Costs & Trustees, Remuneration
No staff are employed by the charity. (2023 - Nil).
No remuneralion has been paid to any TrusteeslDirectors in the year {2023: £Nil).
No reimbursement of Travel and Subsistence expenses in respect of their attendance al
meetings of the charity was made in the year {2023'. £Nil).
Tanglble Fixed Assets
Freehold
Plant &
Bulldings Equipment
Total
Cost
Al 1 January 2024
Additions in year
Disposals
At 31 December 2024
1.044,123
117,201
3,089
1.161,324
3,089
1.044.123
120,290
1,164,413
Accumulated Depreciation
At 1 January 2024
Charge for year
Disposals
At 31 December 2024
80,899
16,383
95,141
4,078
176,040
20.461
97.282
99.219
196,501
Net Book Value
At 31 December 2024
£946,841
£21,071
£967,912
At 1 January 2024
£963,224
£22.060
£985,284
30

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
Debtors
2024
2023
Trade Debtors
Accrued Income
Prepayments
120
2,111
1.061
51,022
600
£52,683
£2,231
11.
Creditors - Amounts Falling Due Within 1 Year
2024
2023
Trade Creditors
Deferred Income
Accruals
1,750
£5,064
£6,796
12.
Analysis of Net Assets between Fund8
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Fixed Assets
Debtors
Cash at Bank and In Hand
Creditors- Amounts Due Within 1 Year
444,224
2,231
311,505
5,064
£752,896
523.688
967,912
985,284
2,231
52,683
315,264
291,416
5,064
6,796
£527,447 £1,280,343 £1,322.587
3.759
31

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13.
Analysis of Charitable Funds
Fund at 1
Jan 2024
Income Expenditure Transfers Fund at 31
Dec 2024
Unre$trlcted Funds
Charlty General Fund
Designated Fund - Artistic Programme
l Learning Activits'es Fund
Designated Fund- Match Funding
Designated
Fund
Property
Maintenance & Development Fund
503,513
115,000
94.095
{89,712)
40,000
547.896
115,000
100,000
30,000
(100.000)
60.000
90,000
748,513
94,095
(89,712)
752,896
Restrlctad Funds
Capital Fund
Artangel- The Directors
Art Fund - Student Placement Scheme
Cornwall Council
UK Shared
Prosperity Fund
Cornwall Community Foundation
Tanner Phoenix Fund
Little Parc Owles Trust- CAST-Off
National Lottery Herltage Fund
Schools Workshop8
Total Restricted Funds
535,689
(11,981)
(1,000)
(1,241)
(463,518)
523,688
1.000
5,000
427,006
3,759
36,512
2.900
(2,900)
2,000
(2,000)
(1,893)
1,893
574,074
437,906
(484,533)
527,447
Total Funds
£1,322,587
£532,001
£1574,245)
£- £1,280,343
32

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13.
Analysis of Charitable Funds (Cont.)
Name of Designated Fund
Description, Nature & Purpose of the Designated Fund
Propety maintenan￿ &
Development Fund
Towards the cost of property maintenance and development.
logether with a 'sinking fund, towards the future replacement of
capital equipment
Artistic Programme l Learning Towards the cost of public programme and learning activities
Activities Fund
Match Funding
Towards a contractual commitment from CAST'S own resources
as match for the grant from the UK Government's Shared
Prosperity Fund. spent in full in 2024
Name of Restrlcted Fund
Descriptlon, Nature & Purpose of the Restricted Fund
Artangel
Towards the cost of presenting the Marcus Coates, The
Directors exhibition
Art Fund - Residency Exchange Towards the cost of a residency exchange belween CAST
and Casa in Oaxaca, Mexico. The first part of the exchange
was completed pr&COVID with artist Nicola Bealing visiting
Oahaca. The remaining funding supported a visit to CAST
by an artist from Mexico in June 2024.
Caprtal
CAST received capital grants towards the refurbishment of
the property transferred to the charity in January 2017. The
grant is being released to fund the annual deprecialion on
the capital costs.
Cornwall
Foundation
Fund
Community Towards the cost of Ihe 'Learning Cupboard, project
Tanner Phoenix
Cornwall Council - UK Shared Towards capital development costs, learning activities costs
Prosperity Fund
and associaled core costs
Little Parc Owles Trust- CAST- Towards ihe cost of the CAST-Off event
Off
National Lottery Heritage Fund Towards the cost of a programme of schools workshops
Schools Workshops
33

THE CORNUBIAN ARTS AND SCIENCE TRUST
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
Related Party Transactions
In the year to 31 December 2023, the charty re￿iVed grant funding of £24,999 from Arts
Council England, a registered charity of which Mr N Serota, husband of Trustee Ms T
Gleadowe, is Chair.
At 31 December 2024, £Nil was owing from Arts Council England (2023.. £Nil).
15.
Taxation
The company is a registered charity and no provision is considered necessary for taxation.
16.
Financial Commitments
No material financial commitments have been made in respect of future financial periods.
17.
Company Limited by Guarantee
The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each
member having undertaken to contribute such amounts not exceeding £1 as may be required in
the event of the company being wound up whilst he or she is still a mernbar or within one year
thereafter.
There are currently 6 members of the company (2024 - 6 members).