2025-03-31-accounts

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date 01 4 24 31 3 25 From To

Section A Reference and administration details ee

Charity name King Edward Mine Ltd PO King Edward Mine CIO PO

Other names charity is known by

Registered charity number (if any) Po 1149801

Charity's principal address King Edward Mine Troon Camborne Postcode TR14 9HW

Names of the charity trustees who manage the charity

Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) 1 ~~————~~ David Ager Chairman 2 John McDonnell Vice Chairman 3 Maureen Gilbert 4 Graham Sowell 5 Peter Sheppard 6 Carol Richards 7 Eileen Loughlin 8 Jon Mason 9 Peter Snodgrass

10 11 12 13 14 15 16 17 18

19 20

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year ~~pe~~

March 2012

TAR

Names and addresses of advisers (Optional information)

Type of adviser	Name Address	Name Address
Accountancy advisor	Dominic Stephens	AW Accountants, Trevenson House, Church Road, Pool, Redruth, TR15 3PT

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

(eg. trust deed, constitution)

[Constitution ]

Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company)

Trustee selection methods

The Board of Trustees

(eg. appointed by, elected by)

Additional governance issues (Optional information)

The management of the museum is by the Board of Trustees which meets on a monthly basis.

You may choose to include additional information, where meets on a monthly basis. Trustees are recruited from the ranks of volunteers. One non trustee relevant, about: attends board meetings to add important expertise in the organising  policies and procedures of work on the grounds. adopted for the induction and The museum cooperates with other similar mining museums training of trustees; including the Cornwall Museum Partnership, Industrial Heritage  the charity’s organisational Network Cornwall and Devon, and trustees have attended meetings structure and any wider of these. network with which the charity No major risks were envisaged during the period of time of this works; report.

relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

(1) For the benefit of the public the preservation, protection and management of mining and other industrial sites in Cornwall which are of historical and industrial interest in particular the King Edward Mine

March 2012

TAR

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

2) The advancement of education of the public by provision of educational facilities and a museum relating to the mining industry (3) To further or benefit the residents of the socially and economically disadvantaged community of the Camborne and Redruth Mining District (World Heritage Site Area A5) and its neighbourhood, by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents  The Museum was open to visitors during the period May 1 to October 26. The picture for KEM is one of growth and development over the past year. We have hosted a number of activities and generated more visitor numbers. Key activities have been the start of the erection of the head frame and the hosting of the International Mining Games. One cloud on the horizon is the desire of Cornwall Council to see us take on full responsibility for the site. This is in line with council policy to relinquish responsibility for anything which is non-statutory and we may be under pressure to undertake this. This has positives as well as negatives but changes the nature of what we do to that of a property management company rather than a museum and this presents various challenges. There are alternatives for us here and we need to investigate them as we go through the coming year. All in all I think this has been a satisfactory year albeit with a few bumps and potholes in the road, including the one which damaged my bike on the way to KEM last month! A number of volunteers have left during the year but we have been successful in gaining some new people who have quickly become heavily involved. International Mining Games These were held in March and were generally seen as a success. This generated good will and a lot of good publicity. The games were organised by the Camborne School of Mines and teams from a wide range of countries, including the USA, Australia, South Africa, Mexico among others came to Cornwall for this event. Things went smoothly although lessons were learned regarding issues with large scale parking on a wet field and the planning of catering. Schools Visits and Mining Games School activities and visits at KEM have expanded over the year. The Schools Mining Games which take place in the summer and have been popular with primary schools locally. Group Visits The Footpath Holidays group booked a series of visits to us and have renewed these for 2025. These are American tourists who generally spend a week in the Cotswolds and then a week in Cornwall. Feedback has been good and this has proved a popular visit for them. We also had group visits from Old Cornwall Society branches, the WI and other organisations. Mill The machinery in the mill has continued to be well maintained and few problems were experienced during the season. A Virtual Reality

March 2012

TAR

system based on underground filming in Great Condurrow, a former mine situated close to our site has been undertaken. This has been made available to visitors.

Head frame

Work on the mine head frame continues and we are hopeful of having this erected during the coming year. A lot of work has gone into this by our engineering team and this is greatly appreciated, and we have received some grant funding for this. Health and Safety

We have conducted basic first aid training for volunteers and several of our volunteers have the emergency first aid at work qualification. Several also have a Fire Wardens Certificate after a course run internally by a suitably qualified museum volunteer. It is a statutory requirement for us to have a fire warden on site whenever we are open so this is important. Regular Health and Safety checks are made around the site and any problems are reported and acted upon. Further training will be conducted in this area in future.

Marketing and Publicity

We have raised our profile with increased information on Facebook and press releases. Our tripadvisor entries are good with many visitors saying that they chose to visit us on the basis of our good reviews.

Visits to the museum

An audio guide which can be connected to visitor’s phones has been set up for people who are self guiding. Volunteers

We have been able to cover most of what we need with our current volunteer team but it proved impossible to open the museum to visitors on Sunday, Thursdays and Fridays.

Additional details of objectives and activities (Optional information)

March 2012

TAR

King Edward Mine does not provide grants and has no investments. There is a small but dedicated group of men and women with a wide range of skills ranging from practical engineering through guiding, retailing, curatorial administration and marketing. It would not be possible to keep the museum open without the support of the volunteers and without visitor income the site would be at risk.

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

The winter period was used as an opportunity to improve the visitor experience, in particular work on restoring and improving exhibits and buildings and curatorial work and recording of our collection, and marketing.

We have been pleased to welcome the recruitment of a number of additional volunteers with relevant and valuable experience in a number of fields including curatorial work and engineering along with IT skills.

Over the winter we acquired a mine head frame from a long closed mine in the area. This has been refurbished and with help from some grant aid we intend to have this erected over our main shaft in the spring of 2026.

The charity has sufficient funds to maintain a contingency reserve in the next financial year. Our liaison with Cornwall College to accept young people on work placements who are on a job coach scheme to help them into employment has continued. We operate with a largely volunteer workforce, but with two part time Schools Project Officers bringing in students from primary and secondary education.

March 2012

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year	A key activity and source of revenue has been that from paying visitors. We benefited especially from group bookings from holiday companies, including two American companies. The opening of the museum depends very heavily on a significant input from volunteers. 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 Autumn. A key tactic to increase footfall to improve and develop our presence on social media has been crucial to this aim and the website for the museum has been further enhanced. Feedback on TripAdvisor and Google has been consistently positive with visitors showing appreciation of the quality of what we are offering. During the year the operation of the shop has been managed by experienced volunteers. The shop offers a wide range of goods often locally made and a formal system of stock control and financial management is in use. Volunteers are fully trained in the operation of the till and card machine and the use of contactless 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 we liaise with them on matters of mutual interest. Bankers Automated Clearing Services (BACS) is used. All transactions require the countersignature of another trustee which is done electronically. We continue to use the accounting system, Xero, along with a contract with an accounting firm to handle our accounts and give accounting advice. Volunteer involvement has been encouraged in a number of ways. Regular bulletins have been issued to update everyone on developments. We also have volunteers’ meetings, occasional lunches and barbeques and an annual dinner for volunteers.

Section E Financial review

March 2012

TAR

The charity does not have reserves but does have a contingency fund for anticipated backdated energy bills (see above).

Brief statement of the charity’s policy on reserves Details of any funds materially None in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

We have received financial support from the Friends of KEM, some revenue from site use by outside organisations and income and donations from our visitors and rental income from the café.

This has supported conservation of the buildings and equipment, community activities and education, ranging from primary school children to university undergraduates.

We do not have any investments.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) David Ager John McDonnell Full name(s) Position (eg Secretary, Chair, Chair Vice Chair etc) Date

March 2012

TAR

Charity Registration Number: 1149801 King Edward Mine CIO Receipts and Payments Accounts for the Year Ended 31 March 2025

Kin Edward Mine CIO Recei ts and Pa for the Year Ended 31 March 2025 ments Accounts Information Trustees D Ager E Loughlin J Mason C E Richards J A McDonnell P Sheppard M Gilbert J G Sowell Accountants AW Accountants Trevenson House Church Road Pool, Redruth Cornwall TRIS 3PT Address King E(Jward Mine Museum Newton Moor Troon Camborne TR14 9HW Charity No. 1149801

Kin Recei tsandPa ment5 Accounts for the Year Ended 31 March 2025 Edward Mine CIO Trustees. Re ort The trustees present their report and accounts for the year ended 31 March 2025. Trustees The following persons served as trustees during the year- D Ager E Loughlin J Mason C E Richards J A McDonnell M Gilbert P Sheppard J G Sowell This report was approved by the board of trustees on and signed on its behalf by. D Ager Chair J McDonnell Trustee

Kin Recei ts and Pa ments Accounts for the Year Ended 31 March 2025 Edward Mine CIO Statement of recei tsand ments 2025 2024 Receipts Admissions & Shop sales Schoo15 income & donations Rental Income Exeter University - IT project contribution Equipment sales Mining games donations Donations Bank Interest Other 37,468 49.525 9,000 28,449 315 9,000 4,497 2,178 12,000 2,807 131 60 79 33,220 7,833 157 35 Total Receipts 137,318 59,435 Payments Shop Purchases Business Rates Utilities (Water & Light & Heat) Staff Training International Mining Games 2025 School Mining games Volunteers Welfare Website Consulting Advertising & Marketing Staff Salaries Schools Telephone & Internet IT Software & Other subscriptions Site Security costs Curatorial Site Maintenance & Equipment costs Travel Insurance Bank charges & Card Machine fees & rental Sundries & Uniforms Professional Fees 3,396 350 4,401 102 2,478 2.322 2,411 9,722 1,657 340 1,000 2,501 32,438 6,018 667 2,187 19,545 1,525 555 5,117 20,337 180 751 1,335 84 105 20,807 1,694 1,296 748 258 17.691 2,581 1,302 697 1,130 1,563 661 1,641 Total Payments 90,233 83,363 Net movement in funds 47,084 (23,928}

Kin Edward Mine CIO Recei tsandPa ments Accounts for the Year Ended 31 March 2025 Reconciliation of funds 2025 2024 Net movement in funds 47,084 (23,9281 In year movement in funds split as Unrestricted funds Restricted funds 14,987 32,097 113,296) {10,6321 47,084 123,928) Reconciliation of funds Restricted funds Balance brought forward Net Movement Transfer between funds 9,763 110,6321 869 32,097 Balance carried forward 32,097 Unrestricted funds Balance brought forward Net Movement Transfer between funds 72,467 14,987 86,632 (13,2961 18691 Balance carried forward 87,454 72,467 Total funds 119,551 72,467

Kin Edward Mine CIO Recei tsandPa ments Accounts for the Year Ended 31 March 2025 Notes to the accounts ACCOUNTING POLICIES Basis of preparation The accounts are prepared on a payments and receipts basis as allowed under section 133 of the Charities Act 2011 Receipts & Payments All income and expenses are recognised in the statement of receipts and payments when they are received and paid. KEY ASSETS Cash & Bank balances Cash and bank balances at the 31st March 2025 totalled £119,511 Flxed Assets purchased Included within Site Maintenance & Equipment costs is the purchase of a tractor for £3,000 KEY LIABILITIES At the year-end the charity had trade creditors of £1,185 settled in April and estimated accruals of £3,000 for utilities invoices yet to be received. The accounts were approved by the Board of trustees on ......... and signed on their behalf by: D Ager Chair J McDonnell Trustee

Kin Edward Mine CIO Recei tsandPa ments Accounts for the Year Ended 31 March 2025 Inde endent Examiner's Re Independent Examiners, Report to the trustees of King Edward Mine on the accounts for the year ended 31st March 2025. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charities Act 2011 ( the Act"). We report in respect of our examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out our examination, we have followed the applicable directions given by the Charity Commission under section 145(5llbl of the Act. We have completed our examination and can confirm that no material matters have come to our attention in connection with the examination which give us cause to believe that in, any material respect accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. We have not carried out an audit of the accounts. 01 loi JI025 Dominic Stephens ACA FCCA Date AW Accountants Chartered Accountants Trevenson House Church Road Pool, Redruth TR15 3PT

Charity Registration Number: 1149801 King Edward Mine CIO Receipts and Payments Accounts for the Year Ended 31 March 2025

Trustees' Annual Report for the period

Section A Reference and administration details ~~ee~~

Charity name King Edward Mine Ltd ~~PO~~ King Edward Mine CIO ~~PO~~

Registered charity number (if any) ~~Po~~ 1149801

Names of the charity trustees who manage the charity

Names and addresses of advisers (Optional information)

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Additional governance issues (Optional information)

Section C Objectives and activities

Head frame

Marketing and Publicity

Visits to the museum

Additional details of objectives and activities (Optional information)

Section D Achievements and performance

Section D Achievements and performance

Section E Financial review

Further financial review details (Optional information)

Section F Other optional information

Section G Declaration

Section A Reference and administration details ee

Charity name King Edward Mine Ltd PO King Edward Mine CIO PO

Registered charity number (if any) Po 1149801