OpenCharities

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2021-03-31-accounts

Names and addresses ofadvisers
(Optional
Information)
Names and addresses ofadvisers
(Optional
Information)
T
ofadviser
Name
Address
Accountancy
advisor
Dominic Stephens
AW Accountants,
Trsvsnson
House, Church Road, Pool,
Rsdruth, TR153PT
Name ofchief executive or names ofsenior staff members
(Optional
Information)
~
a
~ ~
Description
ofthe charity's trusts
Type of governing
document
(eg. trust deed, constitution)
~
I& ted
How the charity is constituted
Charitable
Incorporated
Organisation
(sg. trust, association,
company)
Trustee selection method Ths Board ofTmstsss
(sg. appointed
by, elected by)
Additional
governance
Issues (Optional
Information)
You may choose to include
additional
information,
where
relevant,
about:
The management
ofthe museum
is by the Board ofTrustees
meets on a monthly
basis which during the year have been
conducted
virtually.
which
Trustees are recruited
from the ranks ofvolunteers
although
~
policies and procedures
attempts are being made to recruit from the wider community. Two
adopted for the induction
and
training
oftrustees;
non trustees
attend board meetings to add important
expertise, one
in the compilation
ofthe volunteer
rota and the other in organising
~
the chsritj/s
organisational
the work on the grounds.
structure
and any wider
Trustees have been encouraged
to attend training
during the year
network
with which the charity
although
the pandemic
has curtailed
activity in this area to
some
works; extent.
~
relationship
with any related
parties;
The museum
cooperates
with other similar mining
including
the Industrial
Heritage
Network
Cornwall
museums
and Devon,
and
~
trustees'
consideration
of
major risks and the system
and procedures
to manage
trustees
have attended
meetings
ofthis.
No major risks were envisaged
during the period oftime of
report.
this
them.
(1) For the benefit ofthe public the preservation, protection and
management
of mining
and other industrial
sites
in Cornwall which
Summary ofthe objects ofthe
charity set out in Its
governing
document
are of historical and industrial
interest
in particular the King
Mine
2)The advancement
ofeducation
ofthe public by provision
educational
facilities and a museum
relating to the mining
Edward
of
industry
(3) To further or benefit the residents ofthe socially and
economicall
disadvanta
ed commun'
ofthe Cambome
and
Redruth
Mining
District (World Heritage Site Area A5) and its
Redruth
Mining
District (World Heritage Site Area A5) and its
neighbourhood,
by associating
together the said residents
and the
local authoritres,
vcluntary
and other organisations
in a common
effort to advance education
and to provide facilities
in the interests
ofSocial welfare for recreation
and leisure time occupation
with the
objective of iniproving
the conditions of life for the residents
~ Museum was open to visitors during the period July 21 to
September 29.
~ Activities were limited due to the ongoing
pandemic.
~ There were limited visits by schools groups.
~ Extensive
refurbishment
offormerly
unused
museum
space
for exhibiting
Holmans
artefacts which
will come into effect
from May 2021.
~ Lecture room refurbished
with new heating
and projector for
community
and KEM use.
Summary ofthe main
activities undertaken
for the
public benefit In relation to
these objects (include within
this section the statutory
declaration
that trustees
have
~
~
Museum
exhibits extensively
refurbished
for new visitor
season with machinery
overhauled.
Cooperation
with Comwall
Lithium
concerning
loaning of
plans and other materials
in relation to exploitation
of lithium
deposits
in Cornwall.
had regard to the guidance ~ Cooperation
with Cornwall
Council contractors,
Cormac
issued by the Charity -regarding
securing oflocal mining collapse and use ofour
Commission on public site for storage of materials.
bsnsRt) ~ Investigation
into gaining
museum
accreditation
currently
put on hold.

Summary of
achievements
the main
ofthe charity
A key activity and source of revenue has been that from paying
visitors. 'The open'ing ofthe museum
depends
very heavily on a
during the year signNcant
input from voiunte'ers'.
A rota is organised
and every
effort is made to ensure that the museum
is properly
staffed during
the season which
normally
stretches
from Easter to the end of
October but which was curtailed
in 2020-21.A key tactic to
increase footfall to improve
ahd develop our presence on social
media has b'een crucial to this aim'and
the website for the museum
has been enhanced.
We have also improved
the range of leaflet
distribution.
'
The decision was taken to open the museum
from July 21 to
September 29.This was done subject to Covid restrictions
which
inclitded a one way system through the museum,
Perspex screens
in the shop area, visitors and volunteers
wearing face masks and
visitors being shown
round
in small groups. This put extra strain on
volunteers
and so the decision was taken to close at the end of
September,
but was rewarded
by a good footfall which proved
financially
beneficial.
Feedback reviews from users including
schools, U3A, Old Comwall
Society and other organised
groups show a high level of
satisfaction
with the quality ofthe visitor experience
delivered
by
our team ofshop workers and guides, as does our visitor book.
Feedback on TripAdvisor
has been consistently
positive
with
visitors showing
appreciation
ofthe quality ofwhat we are offering.
Income generation
from the visitors and cafh was good considering
the late opening
and the decision,
not easily taken, to open for the
summer
proved to be successful.
During the year the operation
ofthe shop has been managed
by
experienced
volunteers.
The shop offers a wide range ofgoods
often locally made and a formal system ofstock control and
financial
management
is in use. Shop staff are fully trained
in the
operation ofthe till and card machine
and the use ofcontactless
payment.
The Croust Hut with which we maintain a good and mutually
cooperative
relationship
has also received good feedback for its
ambience
and the quality of its food. We have endeavoured
to
work more closely with them and a representative
is invited to join
our monthly
board meetings
for the purpose ofdiscussing
areas of
joint interest. They also have suffered
from closure during the
pandemic
but have maintained
a successful take away service
during that time.
Bankers Automated
Clearing Services (BAGS) is used
in
preference to cheques.
All transactions
require the
countersignature
ofanother trustee. We continue to use the
accounting
system, Xero, along with a contract with an accounting
firm to handle our accounts and give accounting
advice.
Whilst school visits have been curtailed
compared
to previous
ears, the feedback we have had from them has been
ositive.
Wa have a continued
dialogue
and cooperation
with the Cambome
School of Mines and some students
have taken an interest
in our
.activities and volunteered,
to help.
Volunteer
involvement
has been encouraged
in a number ofways.
Regular bulletins
have been issued to update everyone
on
developments.
Qur usual quarterly
volunteers'
evenings
and
annual
dinner for volunteers
and their partners
have had to be
abandoned
for this year but we hope to return
to those activities as
the pandemic
recedes.
The possibility ofgaining
museum
accreditation
was considered
during the year but due to the amount ofwork involved
itwas
decided to delay this until a more opportune
time.
Extensive wprk has been done on the site by work experience
students
at Cornwall
College. This has included
an ambitious
tree
planting
exercise and the clearance ofa great deal ofgorse along
with clearance ofareas for easier access ofvisitors.
The Lecture room is now fully renovated
with redecoration,
new
heating
and a new projector.
It is hoped to encourage
wider
community
use ofthis facility in the coming months as lockdown
eases.
Briefstatement ofthe
charity's
policy on reserves
The charity does not have reserves
but does have a contingency
fund for anticipated
backdated
energy bills.
The charity does not have reserves
but does have a contingency
fund for anticipated
backdated
energy bills.
The charity does not have reserves
but does have a contingency
fund for anticipated
backdated
energy bills.
The charity does not have reserves
but does have a contingency
fund for anticipated
backdated
energy bills.
The charity does not have reserves
but does have a contingency
fund for anticipated
backdated
energy bills.
The charity does not have reserves
but does have a contingency
fund for anticipated
backdated
energy bills.
The charity does not have reserves
but does have a contingency
fund for anticipated
backdated
energy bills.
Details ofany funds materially
in deficit
Further financial
review details
(Optional
information)
You may choose to include
additional
information,
where
relevant about:
~
the charity's
principal
sources offunds (including
any fundraising);
We have received grants from Cornwall
Council, the Friends of
KEM, some revenue
from site use by outside organisations
and
income from our visitors and the cafe.
~
how expenditure
has
supported
the key objectives
ofthe charity;
This has supported
community
activities
children to university
conservation
of
and education,
undergraduates.
the buildings
ranging
from
and equipment,
primary school
~
investment
policy and
objectives including
any
ethical investment
policy
We do not have any investments.
adopted.
Signature(s)
Full name(s) David Ager John MacDonnell
Position (eg Secretary, Chair, Chair Vice Chair
etc)
Date 8/8/2021

2020
Adn, !Rs!onchaI'ges 10,060
Schools 2,360
5hop 5ales 729 5,397
Rental income 9,000 11,500
Cornvrag Covncg COSQQ"19Grant ZS,KC
Cornvrag
Councg kea!ntenance
grant 1Z,546 12,546
C!thergrants 5,000
%hoot mining games 1,000 10,500
Donations 314 2,823
Unused
Ertoiprnent sales
30 2 ZoQ
Bank interest 8 33
Other 1,756
Total Rereipts
Pavrnents
Shop Purchases 745 4,15'1
Salaries 665
Business Bates 2,039
Uti!ities PVater8, Light fk Heat)
School mining
games
846 7eQ
Volvnteers
@fanfare
49 1,104
Webs!te 415 512
Advertising
gr IVlai keting
1,010 3232
Events 2,537
Telephone
tk internet
635 1,39Z
Suhscl!pdons ZQQ 200
Site Security costs 1,583 2,038
Cvratoriai 1,462 1,049
Ste Maintenance 5equipment purchases 21,423 10.840
insurance 996 2,398
Bank charges 8Ca!d Machine iees 8 rer,tai 861 1,677
Sundries 909 929
P!plass!onal Fees 1,163 1,080
32,276 36,392
Net movement
in funds

Net movement in funds 22,832
in year movement in funds split as
Unrestdcted
funds
Restricted funds
28,033 22&832
Reconciliation offunds
Restdcted funds
B'iance brought forward
Net Movement
Transfer between funds
Balance carried forward
Unrestricted fun'
Balance brought forward 21,146
Net lviovement 22,832
Balance cerned forward