2023-03-31-accounts - South Kerrier Heritage Trust

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Trustees' Annual Report for the period

Period start date Period end date From 1st April 2022 To 31st March 2023

Section A Reference and administration details

Charity name South Kerrier Heritage Trust CIO Other names charity is known by The Museum of Cornish Life, Helston Registered charity number (if any) 1151834 Charity's principal address Museum of Cornish Life, Helston Market Place, Helston, Cornwall Postcode TR13 8TH

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Judith Anne Haycock	Trustee & Chairman	1stApril 2022 to 27th September 2022	South Kerrier Heritage Trust
Loveday Elizabeth Trevenen Jenkin	Trustee	1stApril 2022 to 27th September 2022	South Kerrier Heritage Trust
Felicity Nicola Eileen Boase	Trustee & Treasurer		South Kerrier Heritage Trust
Reginald John Lovett Boase	Trustee	1stApril 2022 to 27th September 2022	South Kerrier Heritage Trust
David John Turnbull	Trustee & Secretary		South Kerrier Heritage Trust
Victoria Wiltshire	Trustee		South Kerrier Heritage Trust
Susan Elizabeth Freeman	Trustee		South Kerrier Heritage Trust
Phillip Woods	Trustee	1stApril 2022 to 28th February2023	South Kerrier Heritage Trust
Eilish Calnan	Trustee		South Kerrier Heritage Trust
JennyRose Lee	Trustee		South Kerrier Heritage Trust
Sarah Pringle	Trustee	27thSeptember to present	South Kerrier Heritage Trust
Jane Reynolds	Trustee	27thSeptember to present	South Kerrier Heritage Trust
Julia Chambers	Trustee	27thSeptember to present	South Kerrier Heritage Trust
Charlie Johns	Trustee	27thSeptember to present	South Kerrier Heritage Trust

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19 20

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

Name	Dates acted if not for whole year
None

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Accountant	Shoreline Accountancy Services	49 Trembel Road, Mullion, Cornwall TR12 7YD

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

Museum Director – Annette MacTavish

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Constitution (eg. trust deed, constitution)

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

Trustee selection methods Appointment by resolution at a meeting of the Charity Trustees in (eg. appointed by, elected by) accordance with the Charity’s Constitution

Additional governance issues (Optional information)

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

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system

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and procedures to manage them.

Section C Objectives and activities

To manage, maintain and develop The Museum of Cornish Life, Helston for the benefit of the public and to advance education in the heritage, arts Summary of the objects of the and crafts of the South Kerrier area. charity set out in its governing document

South Kerrier Heritage Trust (SKHT) is a community group formed by local volunteers who all have a special interest and connection with The Museum of Cornish Life, Helston. SKHT is a Charitable Incorporated Organisation established specifically to manage the Museum. The Charity’s purpose is as follows and all activities undertaken support this purpose:“The Museum of Cornish Life, Helston preserves, protects and promotes the history and culture of Helston and The Lizard Peninsula. The extensive collections are a powerful education and learning resource for Summary of the main all the community, regardless of age, ability or background. activities undertaken for the public benefit in relation to The Museum aims to inspire people to take a fresh look at their these objects (include within surroundings and to foster an interest in and understanding of local this section the statutory heritage, to contribute to the regeneration of the local area by attracting declaration that trustees have visitors to the town, and to be fully accountable to the people of Helston had regard to the guidance and the Lizard Peninsula.” issued by the Charity Commission on public The Museum is operated wholly for public benefit and the Objects of benefit) SKHT are worded to ensure that this remains sole focus of SKHT. The Museum of Cornish Life, Helston was established as Helston Museum in 1949 and holds extensive and significant social and local history collections. It is housed in the former Helston Market House and Drill Hall, which is a Grade 2 listed building. It is a Registered Museum and has achieved Full Accreditation under the Museum, Library and Archive Council’s Accreditation Scheme. Following the transition from operation under Cornwall Council to management by SKHT in 2013, the Museum has enjoyed an increasing number of visitors and is now open 6 days per week. The Museum is

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well-supported by the local communities of Helston and the Lizard as well as attracting significant numbers of holiday-makers to Helston.

SKHT Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Additional details of objectives and activities (Optional information)

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

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

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

This report covers the period from 1[st] April 2022 to 31[st] March 2023 and is the tenth such report since the establishment of South Kerrier Heritage Trust (SKHT) as a Charitable Incorporated Organisation in April 2013. Following the renegotiation of the Management Agreement with Cornwall Council in June 2017, SKHT now have tenure of the Museum of Cornish Life, Helston until April 2027 as well as an ongoing annual revenue grant from Cornwall Council to support operations. During the reporting period the Museum of Cornish Life has continued to develop strongly under the leadership of Museum Director, Annette MacTavish. The Museum has continued its recovery from the impact of the pandemic with physical visitor numbers reaching 18,574 in the year. Funding from the Arts Council England (in partnership with Cornwall Museums Partnership and six other museums in Cornwall) for National Portfolio Organisation (NPO) continued through this year based on an extension to the funding agreement. This provided funding for the Community Engagement Curator, Apprentice and Trainee Curator funded by Arts Council England. During the year Isobel King, the Community Engagement Curator focused on giving our audiences the confidence to return targeting early years, families, schools and older people. We continued to host the Finds Liaison Officer for Cornwall. This role is funded by the British Museum with support from Cornwall Council to deliver the work of the Portable Antiquities Scheme. The Finds Liaison Officer, Tasha Fullbrook, has a remit across Cornwall recording archaeological finds discovered by members of the public and processing treasure cases. From October 2022 additional funding was provided by the Headley Trust to support an 8-month Archaeological Finds Intern. A focus for 2022 was collection management. We gained funding from Art Fund to host a curatorial Headley Fellowship. Dr.Tehmina Goskar undertook research into the history of the museum, history of the old Camborne Museum collection and complex areas of the collection including the toy and doll collection. Through this we have continued to prioritise improvements to our cataloguing and storage. We concluded the three-year-long ‘Second World War and Holocaust Partnership Project’ with Bodmin Keep funded by and in partnership with the Imperial War Museums, including a temporary exhibition. In addition to this exhibition, we also mounted six other exhibitions in the temporary exhibition gallery. Our core team of over 60 volunteers have continued to help us welcome visitors to the museum, research and care for the collection and produce exhibitions. We have supported fifteen young volunteers undertaking placements through schools, university, Duke of Edinburgh and for personal development. In terms of finances, SKHT has achieved a positive financial position for the period reporting an operating surplus of £2,535.52 on a turnover of £234,437.55. These figures represent a decrease vs the previous year’s surplus but a small increase in turnover, which were published as £14,880.85 and £228,097.99 respectively last year.

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Section E Financial review

Brief statement of the SKHT Reserves Policy aims for an operating reserve of 3 months of charity’s policy on reserves revenue expenditure and so the Trustees have agreed to a Reserve level of £57,024.50 in compliance with this policy.

In addition, the Trustees resolved to create a Special Reserve of £15,000 to provide for the continued unpredictability of energy costs.

Details of any funds materially in deficit

None

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.

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) Full name(s) Jenny Lee David Turnbull Position (eg Secretary, Chair, etc)[Chair ] Secretary Date 10th September 2023

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SOUTH KERRIER HERITAGE TRUST

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2022 TO 31ST MARCH 2023

Registered Charity Number 1151834

Shoreline Accountancy Services

49 Trembel Road, Mullion, Cornwall, TR12 7DY. Tel: 0744 3500524 email:

Michelle Bowley is licensed and regulated by AAT to provide services in accordance with licence number 1000830.

shorelineaccountancyservices@outlook.com

SOUTH KERRIER HERITAGE TRUST - YEAR ENDED 31ST MARCH 2023

GENERAL INFORMATION

South Kerrier Heritage Trust (SKHT) is a Charitable Incorporated Organisation.

Registered Charity Number 1151834.

Registered Address:

The Museum of Cornish Life, Helston, Market Place, Helston, Cornwall TR13 8TH TR13 8TH

Working Address:

The Museum of Cornish Life, Helston, Market Place, Helston, Cornwall TR13 8TH TR13 8TH

Trustees:

Jenny Rose Lee (Chair) Nicola Boase (Treasurer) Charlie Johns Jane Reynolds David Turnbull (Secretary) Victoria Wiltshire Sue Freeman Julia Chambers Ellish Calnan Jenny Rose Lee Sarah Pringle

Professional Advisers:

Bankers

Lloyds Bank 1 Market Place Helston TR13 8SU

Independent Examiner Claire Martin MAAT Perfect Sums Accounts Ltd

South Kerrier Heritage Trust - Helston Museum Financial Activities April 2022 - March 2023

Total

Income Capital Grant Income Total Grant Income Museum Income Education Income Event Income Gifts and Donations Para Hen-Hellys - Membership Sales Income Total Museum Income Other Income Bank Interest Earned Gift Aid Total Other Income Services Total Expenditures Depreciation Expense Dues and Subscriptions Total Employee Costs Overheads Accounts & Consultancy Advertising Bank Charges Business Rates Cafe Expenses Consumables Contract Maintenance Cost of sales Education Expense` Electricity & Water rates Events Exhibition Expenses Good for Resale - Stock Training Travel and Meetings Total Overheads Total Expenditures Net Operating Income	2,260.39
	£ 199,884.26 2,479.30 497.00 11,536.89 175.00 17,810.63
	£ 32,498.82 152.90 1,826.92
	£ 1,979.82 450.00
	£ 234,437.55 2,260.39 114.00
	£ 129,323.50 3,438.50 5,259.72 265.71 479.20 139.92 2,806.00 7,484.10 749.13 572.84 13,138.76 971.04 305.52 6,635.59 246.00 1,646.98
	£ 100,204.14
	£ 231,902.03
	£ 2,535.52

South Kerrier Heritage Trust - Helston Museum Balance Sheet Summary As of March 31, 2023

Fixed Asset Tangible assets Non-Current Assets Total Fixed Asset Cash at bank and in hand Debtors Current Assets Net current assets Creditors: amounts falling due within one year Trade Creditors Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year Accruals and deferred income Total net assets (liabilities) Charity funds	Total
	92,999.68 0.00
	£ 92,999.68 104,496.94 0.00 5,569.67
	£ 110,066.61 0.00 5,457.13
	£ 5,457.13
	£ 104,609.48
	£ 197,609.16 4,584.17 60,629.43
	£ 132,395.56 132,395.56

SOUTH KERRIER HERITAGE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1ST APRIL 2021 TO 31 MARCH 2023

1 The Financial Statements have been prepared on an accruals basis.
2 South Kerrier Heritage Trust is a Charitable Incorporated Organisation which registered with the Charity Commission on 29th April 2013. Its charitable objects are to manage maintain and develop The Museum of Cornish Life, Helston for the benefit of the public and to advance education in the heritage arts and crafts of the South Kerrier area. The Trust assumed responsibility for the running of the museum from 1st August 2013 when it entered into a lease and management agreement with Cornwall Council and took possession of the Museum premises, its collection and inventory. Under the terms of the agreement, Cornwall Council has agreed to pay an annual management fee to the Trust of £45,000.00
3 General Funds represent the funds of the Trust that are not subject to any special restrictions regarding their use and are available for application for general purposes of the trust. Grants and Restricted Funds can only be used for the procurement of items in respect of which the funding has been made.
4 As at 31st March 2023, the sum of £8,045.75 was ring fenced within the Cornwall Council Museum Donations Fund for the future development of The Museum of Cornish Life. The trustees can apply for grants from this fund to meet the costs of specific projects in the future.
5 The Trust’s Reserves Policy aims to set aside 3 months’ running costs (expenditure) to ensure the financial security and continued running of the Museum. 3 months’ running costs is based on the enclosed Financial Statements and is calculated as £57,024.50. Due to the unpredictability of energy costs, and noting that the Museum heating system is wholly based on electricity, the Trustees have decided to create a Special Reserve of £15,000 to protect SKHT CIO from energy price rises. This Special Reserve will be reviewed on a monthly basis and released as necessary over the coming 12 months. Note that the Museum Director is also assessing options for grant funding to improve the energy efficiency of the Museum building.

At the date of these Financial Statements the Trust has achieved this level of reserves.

6 As of 31st March 2023 the balances of all grants and restricted funds is listed below:

Art Fund CMP ~Cutorial Legacies NPO Grant Tanner Trust Grant The Wild Escape SKHT Maintenance Respons 7 Summary of restricted funds including reserves Reserves Special Reserve Grants and Restricted Funds Total Charity Funds as per balance sheet 132,395.56 Net free cash (General Funds) 17,401.00	775.00 10,000.00 20,823.51 946.80 2,379.00 8,045.75
	42,970.06 57,024.50 15,000.00 42,970.06
	114,994.56

CHARITY COMMISSION FOR ENGLAND WALE5 Independent examinerfs report on the accounts Section A Independent Examiner s Report Report to the trustees On accounts for the year ended Charlty no (If any Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trusf) for ts year ended Responslbllftles and basis of rnport As the chariivs trustees, you are responsible for the weparation of the accounts in acc<)rdan¢e wtlh the requirements of thè Chariti8s Act 2011 heA. I report in respect of my ex•Thination of the TNsfs accounts carried out under section 145 of the 2011 Act and in ¢arying oirt my examination, I have followed all the apFAicAble 'reCtionS given by the Chanty Commission under section 145(5)(b) of the Ad. Independent rrhe charitys gross income exceeded £250.000 and l am qualified to examlnerfs statement urKlertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] rfnot 8ppIic8ble. I have compleled my examination. I confinn that no material matters have come to my attention in connection with the examination {other than that disclosed below'} which gives me cause to believe that in. any material respecL' the accounting records re not kept in accordan with section 130 of the Charities or the accounts did not accord with the accountirvJ records: or the accounts did not comply with the applicable requirements concemirKJ the fomi and content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the a¢¢ounts give a Irue and fairf view which is not a matter cortsidered as part of an independent examination. I have no COnm$ aNI have come a8$ no other matters in connection with the examination to 1¢h attention should be drawn in this report in order to enable a Wjper understsnding of the accounts to be reached. . Ple&se delete the Myds in the brackets rfthey do not apply. Slgned: Name: Relevant professional quallfirAllonl$) or body IER Oct 2018

(If any): Address: L>(s Section B Disclosu re Only Complete rf the examiner needs to highlight Mateal matters of concem (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Glve hero brief dotall8 of any Itoms that th• examlnor wl•he8 to dl8cIo••. IER Oct 2018