Trustees, Annual Report for the period Period start date Period end date From 1st April 2023 To 31st March | 2024 Reference and administration details Section A Charity name South Kerrier Herttage 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 Dates acted If not for whole ear Trustee name Offlce (If any) Name of person lor body) entitled to olnt trustee ifan South Kerrier Heritage Trust South Kerrier Heritage Trust South Kerrier Heritage Trust Treve Evans Trustee & Secretary Trustee 0311012023 to present 0311012023 to present To 0311012023 Sandra Husk Felicity Nicola Eileen Boase Trustee & Treasurer Neil Caddy David John Turnbull 0311012023 to presenl To 0311012023 South Kerrier Heritage Trust South Kerrier Heritage Trust Trustee & Secretary Victoria Wiltshire Susan Elizabeth Freeman Trustee Trustee South Kerrier Heritage Trust South Kerrier Heritage Trust Charlie Johns Trustee South Kerrier Heritage Trust SoLJth Kerrier Heritage Trust South Kerrier Heritage Trust South Kerrier Heritage Trust South Kerrier Heritage Trust South Kerrier Heritage Trust Eilish Calnan Trustee 10 Jenny Rose Lee Sarah Pringle Jane Reynolds Julia Chambers Trustee & Chair Trustee 11 12 Trustee 13 Trustee & Treasurer 14 15 16 17 18 19 20 TAR March 2012 Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ear None Names and addresses of advisers (Optional Information) e of adviser Name Address Accountant Shoreline 49 Trembel Road, Mullion, Comwall TR12 7YD Accountancy Services Name of chief executive or names of senlor staff members (Optional informatlon} Museum Director- Annette MacTavish Section B Structure, governance and management Descrlptlon of the charity's trusts Type of governing document Constitution How the charity is constituted Charitable Incorporated Organisation Trustee selection methods '/) Appointment by resolution at a meeting of the Charity Trustees in accordance with the Charity's Constitution Addltlonal 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 TAR March 2012 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 and crafts of the South Kerrier area. Summary of the objects of the 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 presenies, protects and promotes the history and culture of Helston and The Lizard Peninsula. The extensive collections are a powerful education and learning resource for all the community, regardless of age. ability or background. Summary of the main actlvities undertaken for the public beneflt 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) The Museum aims to inspire people to take a fresh look at their surroundings and to foster an interest in and understanding of local heritage, to contribute to the regeneration of the local area by attracting visitors to the town. and to be fully accountable to the people of Helston and the Lizard Peninsula. The Museum is operated wholly for public benefit and the Objects of SKHT are worded to ensure that this remains sole focus of SKHT, The Museum of Cornish Life, Helston was eslablished as Helston Museum in 1949 and holds extensive and significant social and local history collections. It is housed in the former HelstOT) 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 o en6da er week. The Museum is TAR March 2012 well-supported by the local cornmunities 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 investrnent,, contribution made by volunteers. TAR March 2012 Section D Achievements and performance Summary of the main achievements of the charity during the year This report covers the period from 1°, April 2023 to 31, March 2024 and is the eleventh 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 19,285 in the year. Funding fiom Arts Council England was secured for three years as part of mc , a consortium of museums made up of Bodmin Keep, Falmouth Art Gallery, Museum of Cornish Life, Penlee House, PK Porthcurno, Royal Cornwall Museum and Wheal Marlyn. This provided funding for the Community Engagement Curator, Museum Assistant Engagement (with a Marketing Assistant Apprenticeship at Truro College) and Museum Assistant Collections (as part of a Work Placement from the University of Exter) funded by Arts Council England, During the year Isobel King, the Community Engagement Curator focused on expanding our audiences and in continuing to grow our interactions with early years, families, schools and older people. We continued to hosl 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, Laura Miucci, has a remit across Cornwall recording archaeological finds discovered by members of the public and processing treasure cases. Thanks to an award of £78,000 from the Museums Association Esmée Fairbairn Collections Fund, the museum embarked on a major reappraisal of its farming collections. From April 2023 to April 2025 we will be conducting new collections research, undertaking innovative conservation, and considering how to update our collections to better reflect Cornish farming from the 1970s to today. This work is being led by Research Curator Dr.Tehmina Goskar In addition, we also mounted eight temporary exhibits including for Talking Threads the significant loan of Grayson Perry's Comfort Blanket, 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 twenty-one 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 £4,780 on a turnover of £269,638. These figures represent an increase over the previous yearfs surplus. During the year a revaluation of the Trust's fixed assets was TAR March 2012 Section D Achievements and performance carried out and the decrease in valuation has been taken to reserves in the amount of £33,832. TAR March 2012 Section E Financial review Brief statement of the charity's policy on reserves SKHT Reserves Policy aims for an operating reserve of 3 months of 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. Detalls 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 principa5 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) cw& Full namels) Position (eg Secretary, Chair, etc Jenny Lee Treve Evans Chair Secretary Date 26th November 2024 TAR March 2012 49 Tiehibrl V4È1ic Id.. 11141 35(th24 IlL: SOUTH KERRIER HERITAGE TRUST- YEAR ENDED 315r MARCH 2024 GENERAL INFORMATION South Kerrler Heritage Trust ISKHTI is a Charitable Incorporated Organisation. Registered Charity Number 1151834. Registered Address: The MLÈseum of Cornish Life, Helston, Market Place, Helston, Cori)wall TR13 8TH Working Address: The Museum of Cornlsh Life, Helston, Market Place, Helston, Cornwall TR13 8TH Trustees: Jenny Rose Lee {Chairl Sandra Margaret Husk James Neil Caddy Treve Nlcholas Eva ns Jane Reynolds Julia Chambers Sa rah Pringle Charlie Johns Ellsh Calnan Susan Elizabeth Freeman Victoria Ruth Wiltshlre Professlonal Advisers.. Bankers Lloyds Bank l Market Place Helston TR13 8SU Inde endent Examiner Claire Martin MAAT Perfect Sums Accounts Ltd South Kerrier Heritage Trust - Helston Museum Financial Activities April 2023 - March 2024 Total A r 2023- Mar 2024 A r2022-Mar2023 PY Income Capital Grant Income Grant Income Art Fund Income Comwall Council Managemenl Fee Grnnl for Inlem GTanl Income NPO Revenue Grants Total Grant Income Mlscellaneous Incom8 Museum Incom8 Educallon Income Event Incom8 Glfls and Donatlons Para Hen-Hellys - Membetship Sal8s Income Total Museum Income Other Income Bank Interest Eamed Glll Ald Total Other Income Servlces Total Income Total Cost of Sale8 Total Expendllures Depreclatton Expense Dues and Subscrlpllons Total Employee Costs Ovethead8 Accounts & Consullancy Advertlslng Bank Charges Cafe Expenses Consumab188 Conlracl Malntenance Educallon Expense Eleclricily & Waler rates Events Exhibition Expenses Insur8n¢e Expense Miscellaneou5 Expense Olfic9 Expensè Prolecl and cost of sales Repalrs & Malnlenance SLÈbscHpllong Telephone Tralning Travel and Meetlng8 Total Overheads Total ExpèndltuY•s Net In¢omellExpenditure) 15,052.09 157.290.93 0.00 45,000.00 2,260.39 151,782.81 191.76 45,000.00 1,000.00 1,409.69 1 500.00 200,884.26 2.500.00 204.790.93 £ 124.89 2.610.50 465.00 16.790.38 881.31 25 896.62 46.643.81 £ 2,479.30 497.00 11,536.89 175.00 17 810.63 32,498.82 859.91 2,167.10 3,027.01 £ 152,90 1 826.92 1.979.82 450.00 238 073.29 10 020.46 228,052.83 269 638.73 £ 15 169.71 £ 254,469.02 £ 15,197.18 2,260.39 114.00 129,323,50 130,138.82 £ 4,990.00 6,301.03 274.72 514.57 1,106.06 10,094.82 1,196.15 18,378.39 35.65 3,438.50 5,259.72 26S.71 139.92 2.806.00 7,484.10 423,74 13,617.96 971.04 305.52 1,753.94 128.17 1,167.75 46,662.05 3,112.30 648.92 2,592.00 246.00 1,646.98 92 670.32 224,368.21 3,684.62 1.780.62 174.65 596.62 49,475.45 3,370.74 1,331.79 2,673.51 239.98 1 818.05 104 352.80 £ 249 688.80 £ 4,780.22 £ South Kgrrler Hgrltage Trust- Hel$ton Musoum Balance Shegt Summary As ofMar¢h 31, 2024 Total AsofMar31. 2024 AS ofMar31. 2023 PY Fixed Ass81 Tanglble assels Non-current Assets Total Flxod Asset Cash at bank and In hand Cumnl Assets Nèl current asgels Credilois.. amounls fallln9 dug wlhli one year Trade Cr6dMors Current Llabililios Tolol Crfjdilors.. amounts falllng due vrithin on8 year Nel ¢￿￿ent 8ssels IllabiNliesl Tolal 05s91s ￿85 current liabl11t￿8 Cr8dllors.' grmunls lalllrEg due #fler mofo Ihan on6 yea Total nel assets Illabllillèsl Charfly funds 22,790.89 0.00 22,790.89 £ 146,558.63 6.450.20 £ 153,008.83 £ 92,999.68 149.10 93,148.78 104,496.94 5,569.67 110,066.61 9.600.38 58,271.72 67,872.10 £ 85,136.73 £ £ 107.927.62 £ 4.584.17 £ 103.343.45 £ 103,343.45 0.00 65 086.56 65 086,56 44 980.05 138,128.83 4 584.17 133,644.66 133.544.66 HERITAGE TRU TE TO THE FI CIAL OR THE PE The Flnawal Statements have beer¢prepaTed on an basis. SoLrth Kerrfer Hertta8e Tr￿1 15 a (harltable hxivwated Orgthsèllon whkh re8lstend wllhlhe (h•rily Commlsslon cé) 29th Awll 2Q13. Its chèrhable objects are to mana8emainialn and develop ThE Museum of cor￿$b Llfe, Helston fer ihe bÈnehi Df the wblk aftd to advaniÈ e(hrtatl(Ml Fn the heiltatt arts and cr3fts of thE Styjlh Keiilef èrea. The Trust assumed re$pDn5i￿lity for thE ol the 5èum fiom tst Au8U5t 2013 whEn It enlereif Intoa IEè5e ètKlitbèna8erTreTht Jgteement wlth tsnwall Co￿(11 t¢)Dk PD55Esslon ol Ihe fv*J5eurn wem15es. it5 comertlon and tn¥e￿tQry. Vnderlhe lern15 of the ?greemenl. C(Ynw?11 Cwll h45 agreed Io p4y?nJnwil m•ro8emenl fee to the To￿t of £45,(XM). General Funds represent the l￿d5 dthe TTU5t thal ￿ not subject to any spedal rest￿￿Or re8ordln8 thelf use and are avallable èpF41oiion eeneral purpcses of the intst. Grants and Reslrlcted Fund5 can cmlybe used fL¥lhe w￿1remen1 ol Ituns Infespea c4 whlch the fundlni has bten made. As 8t 31st Marth 2024, the swn of £8,045.75 wès ferKed wltNn the Ctyrv*4•M tr￿nd1 Muse Donatlons Fund foF Ihe future development DI The Museum ol Comlsh Ufe. The tnotees cin Jpptyfw6r•rtS Irm th15 fund ¢0 mee¢ the c05ts 5peclflr pir4¢ds In futyrt. The Tru51'S Resorvos Pdled Flr>atKlal Stolements and Is calcul•led 45 £57,024.50. Ikn to Ihe ￿P￿¢t￿rtablI1ty0f t￿ri¥ costs, 8nd noiini that the N*Jseum heatln8 Svstem Is whdly based on eledrldty, the Trustees ha¥e dedded to creite a Sptd•l Reserve of £15,￿ to Protect SKHf cio from ener6yprlce rtses. Thls Speclal Reserve will ￿ re￿t￿ed b monlNy bosls and released as necessaryo¥er the cr*nln8 12 mtX)tbs. Nrte that the Mus¢um L#r¢￿OrIS •lso •sse55ln8 Opllons fL¥ eraffl fuThthne to Imyo%* the ener8yefflcleo£¥ol the Museum tsulldl￿. TherowJ8 on odlu$imentmadeln th¢swiwllhf¢g8rd? 10 th¢wrlrkng¢own of Ihv¢8plt4lg￿1O1Th1lThO wlththoflxed a88ei8. Iheodlu$trnent8mgdewo$taied belw. He¥erves 8s0131' March 2023 Surplustortheperfod A*v8lu8llon of 8$1rf$1 ¢gpltgigrwt Rolery￿ Bso131"M&ch 2024 £132.395.56 £4.7W.2Z -£33 832.33 £IQ3,343AS As of 31st Marth 2024 the bilarrcu of all 6i•nts •ThJ restrfcted Is Ibsted below.. Prltlsh Museum Grnnt CMP. Cutulal Dtnnls Mlner Grort Esme Falr Balm Grwrt Ltiacles MWJV Grant SKHT MalntenarKe Resp)rtslb1ll￿el &675.&) 375fy) 20,729X*) 8.162. 584. 33,565.8> Surnm•ryo1 reJtrf¢ted fur& In¢ludlth8 *estNts ReseNes Sperial Re5eNe Gr¥n15 and Re51rtctt(l Fthds 57,024.50 IS,￿0. 33 $6£.83 JOSS90.J3 Total Chailly Funds a5 per balaKe 5heel N•tf¥e• tash IG•n•rnl F￿d$1 103,Y3.45 -1246. CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report lo the trustees É 0(216¢ kirtifAiL [ On accounts for the year ended £0 CharSty no (if any Set out on pages I report to the trustees on my examination of the accounts of the above charity {'the Trust") for the year ended Responsibililles and basls of report As the charity's trustees, you are responsible for the p￿paratIOn of the accounts in accordance with the requirements of the Charities Act 2011 ("the Acl"). I report in respect of my examination of the Tnjst's accounts carrled out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commisslon under section 145{5)(b) of the Act. Independent (The Gharity's gross Income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of linsert name of applicable listed body1]. Delete l J if not applicable, I have completed my examination. I confirm that no material matters have come to my attention in conneclion wilh the examination (other than that disclosed below") which glves me cause to believe that In, any materlal respect: the accounting records were not kept in accordance wlth section 130 of the Charities Act. or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with Ihe examlnation to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets il they do nol apply. Signed: Date: 18 Name: Relevant professlonal qualification(s) or body MQIflT loo IER Oct 2018 (If any): Address: I CLLlaWoNJ 41¥L CAFtEoW& TQI Okl Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examination of charity accounts,. directions and guldance for examlners). Give here brlef details of any items that the examiner wish88 to disclose. IER Oct 2018