REGISTERED COMPANY NUMBER: 08239130 (England and Wales} REGISTERED CHARITY NUMBER: 1152107 Rè rt of the Trustees and Unaudited Financial Ststsmen for the Ygar Ended 311th Se mber 202 for The Char8 Catssle Trust Hodgsons Chartered Accountants 48 Arwenack Street Falmouth Cornwall TR11 3JH
The Cha Contents ofthe Flnanclal Stat•ments for the Year Ended 30th Se tgmber_202. Page Report of the Thlstsgs 1 to 5 Independent Examlnefs Report stalemenl of Flnanclal Actlvltles Statèment of Flnanclal Posltlon 8 to 9 Notss to the Flnanclal Statemonts 10 to 18 Detallèd Statsment of Flnanclal Actlvltles 19 to 20
The Cha Causl Trust Re ort of the Truslees tor the Year Ended 317th Se tember 2023 The Trustees, are also directors of the charity for the purposes of the Companies Act 2006, present their repThl with the financial statements of the charity for the year ended 30 September 2023. The Tnjstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wslh the Financ*al Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 2015). OBJECTIVES AND ACTWMES Objectives and aims The Charitys Objects, as set out in the Memorandum and Articles of Association, are specifically restricted to the lollowiii9:_ For the publlc ben&fit'. The adVanMent, of the arts part¢culady. but not exdusivety. literature (especially pry). and most specifically the works of Chades Causley- - The maintenance and preseNation of Chades Causley's fomier residence. Cyprus Well12, Ridgegrov6 Hill, Launceston, Comwalll, its contents and its environs.. PreseNalion and development of the Trusts perrnanent collections, as a living MeMla1 to Charles Causley and his wort(', The provislon of grants, bursar6es. s¢holarships and other kinds of support (financial or otherwise, induding accommodation in Cyprus Well} for the development of established. emeTging and potential poets. writers and other artists who can demonstrate actual or potential literary or artistic talent. and present a ci)herent and compelling case for suth support- with the following additional emphases: - PartiCUlay. bul not 8xcIusiv8ty. thosè from Comwall. Dèvon and lslÈX of Srilly.- Particularly, but rK)t exclusively, also those who may be constdered by the TNst to be disadvantsged 8ndlor vulnerable. And, wherever desirable and feasible. acttsmplished on a co-operative andlor partneTship basis with other relevant bodi85. Public b9nefit The TTUStees have complied with the duty in Section 1715) of the Charlties Act 20118nd have had due regard to public benefit guidan published by Ihe Charity Commission in setting the acliviltes reqtsired to meet its objectives. Page 1
The Charles Caus ort the Trustees Year Ended 30th Se mber 2023 for ACHIEVEMENT AND PERFORMANCE In the past year the Tnjst has continued to develop its core actiwties, especially around cultural tourism. promoting arts nationally and providing arts oppnItieS in the South-west peninsula. whilst focusing on the good govemance of the Trust and increased community and engagemenl. The Arts Council England (ACE) project 'Lighting the Sun. successfvlty end¢d In March 2023. vthile continuing to apply for large scale grant funding across the year (induding applications to ACE and the Shared Prosperity Fund) the Trust has divetsified its range of funders and sponsors {partty thanks to development ftjnding through Heritage Compass). This has included increased funds through cuttural stays al Cyr$ Well, increased menibership (which has risen by over 100%), funds through our new Causley shop on Launceston's hlgh sireet (11A Merchant Houso), and a wlde range of fvndlng from charitable trusts, councils. and phitanthropic donors. Some of the more substantial examples here include grants from Volur¢teer Cornwall Watm 8anks. Library based funding applications, The Orchard Centre. Garfield Weston linduding a generous unr8Stricted fund of £15,000 over 2 years). the Coryop Communty Fund, the Finnis Scott Foundation, thg Carew Pole Foundation, The Rotary Club. Launceston Town Counal, the Art Fund. and FEAST. We*e also diversified our range of cultural partners in Comwall working more closely for examp Ih The Hypatia Trust, Comwall Pogty brary, the Writers Bk)d(, and North Comwall Book Festival lamoroJ many others). Operating in a more dNerse way and working on multiple smaller funded projects has led trj a wde breadth of cultural prLxJrdmmlng. October 2022 saw the successful condusion of our 'Reimaglne' Art Fund funded project which saw events taking place across Launceston allowed us to further devdop our visual arts offer with young peopl¢. providing opportunittes for creative engagement in the town. The Charfes Causley Hall¢)ween Event on 28th October 2022, was hosted in the Guildhall and featured two guided ghosl and history walks - all events sokj out and the event received great feedbath. The charity also ran a weil-attended 'A Causley Christmas, in December 2022 featuring local school perfomiances supported by 2 yo%Jng performer8 in residence and a musical tribute lo Chartes by Jim Causley. Over the eoursè of the year th8 Tnist worked with lth the libTary end The Orchard Centre ddiVÈri a range of Wami Banks and Therapeutic Writsng Sessions. The Trust ran several suc¢gssfi&l residential W0$hop weokends at Trevadkxk Marb)r (induding a sold-out wegkend with Katrina Naomi and Fiona Benson in February 2023}. The Charles Causley F9stival 2023 featured tthvn centre community performances. poetry walks, an open mlc in the fibrary. open access lo the Casllo, a cury and poety eveniNJ and a night of unveilings. presentations. and awards. TheTr was a 'Mothels Boy A Year On, talk with Patrick Gale and a range of presentstsons mar.ng the 20th anniversary of Ch8rlgs's death. Th& Saturday was a community engagent day and offered a livety prLKJramme in collaboration with many of the charilies and bus1rseS in the town. Thè festlval weekend also created a cultural hub of activity in the newly established popup Causley shop in 1 IA Merchant House on Launcgstr)nS high street. The developmént of 11A Merchant House has b8en one of the most signrficanl achievements of this year. The ¢harity now has a prominent high street presen in the centre of Launceston and the town once again has a bcK)kshop, literary cenlre, and site to buy Causley books and m&rchandise, second-hand poety t$, and work from the artists 5UPPOrted by the Tfust over the years. The 11A site also promdes a space for pèople to contribute, donate and volunteer to the community fOcSSed work of the charity. The shop is in the heart of th8 town in a building of significant historical and cultural importance, largety staffed by volunteers, and has dFiven a substsnlial increase in membership arnl helped lo profflote the work of the Trnst and the legacy of Charfes Causley. This year saw continuing efforts lowards promoting cultural tourism Laun¢oston aThJ Noth kornwall including bringing cultural stays al Cypws Well back in house and pitching the bookings though cultural institutional publicatÉons such as Mslexta. the Poetry Revlew and PN Review. The Trust Worked ck&sely with the production team of Rick Stein's Comwall (Series 3} and parts of episode 9 were filmed in Cyprus Well featuring Patrick Gale and Rick Stein. This year the TTUSt has also very substsntiaNy irKreased the numbgr of active volunleers and membership subscriptions. Page 2
e Charlès Causle Trust Re of thé Trusteès for the Year Endo er20 The charity continues to support the development of hlgh profile, MIdareer and younglemergent writers and arbsts in the South-west peninsula and inlemationally. The Young Persons poetry competition ran successfully as a national award for the second year Tunning and attracted a wide range of entrants from auoss the UK. The Intemational Poetry CoFnpetilion was judged by Sean Hewitt and continued to attract global entTants and readers. This year the charity provided 6 residential artisuwriter residencies at 2 Cyprus Well including for instance Cahal Dallal (October 20221, Ryan Full and Jordan Scrace (November 2022). Rachel Ptercey (March 2023). Anthony Capildeo lJtJly 2023 - now a trustee of the Trust), and Vela Yuen (July 2023 - a wÈnner of the Intsrnational Poetry competition who has promoted Charles's work in Hong Kong and through the 2023 feslivall. Thc Chortea Coual6y TfU3t ha3 alao continued to stspport the #kill¥ d¢vekJpm¢nt of a numb¢r of pcoplc aiming to elller arts. culture, and heritage sector employment including for instance providing over eight intsmshlp opportunities and 8 mentorships. Intem5hips have been provided through and wth HEIS in the Soulh-wesl peninsula including Plymouth University. Falmouth University. and the University of Exeter. This year a successfijl Art Fund application was received to cover the cost for three fulty funded intemships for 11 rrM)nlhs as part of their Student Opporknnities programme Istsrting September 2023). Mentees have come from the University of Exeter and through the Heritage Compass programme. Further expansion of our popular web magazine The Maker has provided creative and developmentsl opportunities for early careers vfflters. artists and arts and heritago seclorworkers. During this period, the Trust has been ably managed by Nicola Nuttall and a small, part-time team. As team hours have reduced cultural aclNity has been supported by a vibrant and growng group of volunteers. Their combined efforts have meant that the Trust remains strong, and well positioned lo meet our ¢Jngoing commitment to community.. artistic endeavour.. edijcation, and wider participation in the Arts, as well as continuing to honour the work of one of the finest 8tISh poets of the 20th century, Dr Charles Causley. FINANCIAL REVIEW Financial position At the year end the charity had the following on tha balanc8 sh88t'. Tangible Fixed Assets of £203,175 Current Assets of £58.293 Current Liabilities of £1,507 Net Assets of £259,961, of whith £227,837 were unrestricted funds and £32.124 were in the fomi of restricted funds. RosoN?$ policy Reserves held by the Trust are reviewed and discussed by the trustees al meetings held dullng the year. The Trusvs aim is lo have a minimum of 3 month's operating costs in reserves and a maintenance fund for Cyprus Well (Charles Causlevs last homè. which Ihe Trust owns). The unrestricted reserve as al 30 September 2023 was a surplus of £227.837 compared to a surplus of £216,832 in 2022. Going concern While substantial ACE funding has not been obtained this year, the Charity has been able to bring in a more diverse portfolio of smaller grant fvnds and some funds from the 11a shop. cultural stays, antl increased membership. 11 is also able to scale back operattons to such an extent that they can be funded through existing reserves, until such a time as further larger scale funding can be obtained and full operations can reeommènce. Based on the above reasoning there are no material uncertainlias aboul the charity's ability lo continue for the n8xt 12 months. and therefore the Trustees have condud8d that th8 going concern b8SiS is appropriate. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng documènt The charity is controlleiS by its governing document, a deed of twsl, and constitutes a limited company, limited by guarantee, as defined by the Companies A¢1 2006. Page 3
The Charles Causle rt of the Trusleos for the Y r Ended 30th Se mbèr 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Charlty ¢onstitutlon The Charlas Catjsley Trust was ineorporaled as a Charitable Company on the 3 October 2012. Thp Charity [5 managed aGcording to ils Arbcles of Association. Rgwitment and appolntment of new Irusteos Trustees are recruitod and appoirtrted as governed by the ChariV5 Artides of AssociatK)n. Rlsk managgmont The trustees have a duty to Mjentify and reW Ihe nsks 10 which the chanty is exposed and to ensure appropriate controls are in place lo provide reasonable assuran against fraud arKI error. REFERENCE AND ADMINISTRATIVE DETAILS R•gi$tOTgd Company number 08239130 (England and Wales) Reglstered Charlty number 1152107 Registergd offl¢a 2 Cyprus Well Ridgegrove Hill LAunceston Comwall PL15 8BT Tru$t8gS D Devanny K E Stark (resigned 19.2.24) I P Tunbridge M Utton Iresigned 1.12.221 G R Nayler R E G Bonner (resigned 28.2.231 fvA A Cooper NAWatts B G M Helme (resigned 28.223) R F Shadand (resigned 5.2.23) P D Shuttle Iresigned 19.2.241 M H Wright Esq S V Priya lappointed 21.9.23) C Morgan (appointed 23.5.23) Company Secrotary C Morgan Indepandant Examlner J P D Hodgson BA (Hon5) FCA Hodgsons Chartered Accwntants 48 Anack Street Falmouth ComwaH TR11 2510612024 Approved by order of the board of trustees on ............................................. and signed on its behaff by.. Pag8 4
The Charles Causle Trust Re ort of the Trustees for the Year Ende .tgmber 2023 D Devanny- Trustee Page 5
ndent Examinarfs R8 rt to the Trustees of Tho Charfes Causle Trust Ind¢pendenl examinerfs report to the trustees of The Chart8s Causley Trust {Ihe Company.) l port to the charity Injslees on my examination of th& accounts of the Company for th8 year ended 30th September 2023. Rosponslbllltles and basis of r•port As the charity's trustees of the Company (and also its directors for the purposes of eompany lawl you are responsib for the preparation of Ihe accounts in accordance wilh th6 requlrements of the Cthynies Act 2006 Ilhe 2006 Acr). Havtng satisfied Myse that the accounts of the Company are not r8qulred to be audited under Part 16 of the 2006 Ad and are eligible for independent examination, I report in respect of my examination of your ¢harity's acLY)unts as carried out und8r Soclh)n 145 of the Charities Act 2011 I'the 2011 AcV}. In canying out my exarnination I have r()Ilt)weiJ IIIE DiiEbL*uvi¥ ybveii by ilie Clwrily Cominibsion under SedN)n 145151 Ib) of tho 2011 Act. Independent examlnefs statsment I have completed my examination. l ¢onfirn that no matters have o)me to my attention in connection with the examination giving me trause to believ&: accounting records were not kept in respect of the Company as r8quired by Section 386 of the 2006 Act.. or the accounts do not accord wih thosè records.. or the accounts do not comply with the accounting requirements of Soction 396 of the 2(K)6 Act other than any roquirement that the accounts give a true and falr vlew which is not a matter considered as part of an independent eXam1rll0n,. or the accounts have not been prepared in accordance wth the methods and princtples of the Statement of Recommended Practice for acrA)unting and reporting by charlties {applicable to charities preparing thoir accounts in a(rA)rdan with the Financial Reporbng Standard applicable in the UK and Republic of Ireland {FRS 102}). I have ntt cx)ncerns and h8V8 tt5m8 acmss no other matters in cnectIon thè examinatlon to wh attention ShId bg drawn in this r8POrt in order to enable a proper understanding of th8 accounts lo be reached. J P D Hodgson BA {Hon$) FCA Hodgsons Chartered Accountants 48 Amenack Street Falmouth Comwa TR113JH Dale.. Page 6
The Charles Causlg ru en¢ of Financial ActivitSes Y ar Ended 30th Se tember 2023 2023 Total funds 2022 Total funds Unreslricled funds Restricted funds Notes INCOME AND ENDOWMENTS FROM DonaliorTrs and legaoes 26.223 8,232 34.455 133,573 Charitable artivities Charitable activities 1,718 1,718 1,776 Other trading activities Other income 16,093 109 230 {7) 16,323 102 10,942 Total 44143 8.455 52.598 146,291 EXPENDrruRE ON Raising funds 3,002 427 3N29 8,484 CharIlab actlvltles Charitable activities 30.137 60.175 90,312 149.992 T¢knl 33.139 60.602 93,741 158,476 NET INCOMEI{EXPENDITURE) Other recogntsed galnslllossesl Galns on revaluation of fixed assets 11.004 (52.1471 (41,1431 (12,185) 10.000 Net Moveme In funds 11,004 {52.147> {41,1431 (2,1851 RECONCILIATION OF FUNDS Total funds brought fomard 216,832 84,272 301,104 303.289 TOTAL FUNDS CARRIED FORWARD 227.836 32.125 259.961 301.104 The notes form part of these financial statements Page 7
statem 301h Se ber 2023 2023 Total funds 2022 Total fijnds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 10 200.506 2.669 203,175 203.689 CURRENT ASSETS Stoc*s Debtors: amounts falllng due wtihin ce year 12 Cash at bank 1,070 2,751 2S,017 1.070 11,138 46,085 3,241 46,418 57,292 8,387 21.068 28,838 58,293 106,951 CREDITORS Amounts falling w¢thin one year 13 {1,5071 {1.507) (9,536) NET CURRENT ASSETS 27.331 29,455 $6.786 97.415 TOTAL ASSETS LESS CURRENT LIABILITIES 227,837 32,124 259.961 301,104 ASSETS 227.837 32,124 259,961 301.104 FUNDS Unrestricted fvr)d$ Restricted fvnd8 14 227,83T 32.124 216.832 84,272 TOTAL FUNDS 259.961 301.104 The charitable company is entitd to exempuon from audit under Section 477 of the Companies Act 26 ft tho year ended 30th SepterTtber 2023. The members have not required the company lo obtain an audti of Ils financial statements for the year ended 30th September 2023 in accordance with SectiLm 476 of the C(Ampanies Act 2006. The trnstees ackrwledge thoir responsibilities for (a) ensuring that the charttable c4)mpany keeps accounting records that comply Sections 386 and 387 of the Compan$ Act 2006 and (b) preparing finanThal ststements which give a and fair view of the state of affairs of the charitabje company as at the end of each financial year and of its surptU5 or deficÉt lor eath financial year In accordance with the requirements of Sections 394 and 395 and whtch otheNise comply w7lh the requirements of the Companies Ad 2006 relating to Iinancial statements, so far as applicable to the harilable company. The notes fom) part of these finanal statements Page 8 continued...
The Charfe$ Causle TN ent of Flnanclal Posltlon - Contlnued 30th Se ember 2023 These financial statements have been prepared in accordance with the provlsions applicable lo challtable companies subject to the small companies regime. The financial statements were approved by the Board of TNstees and authorlsed for Issue on 2510612024 - and were sÈgned on its b8half by.. D D¢vonny- Tru?tc¢ The notes form part of these financial statements Page 9
The Charles Causle Trust oL8s to the Flnan¢lal Slatemen for tha Year End8d 30th S mber 2023 ACCOUNTING POLICIES Basis of preparlng the financlal statem•nts The financial slatemgnts of th8 charitable company, which ts a public benefft entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 1021 'Accoullting and Reporting by Charities.. Statement of Recommended Practico applicable to charities preparing their accounts in accordance wtth Ihe Financtal ReportÉng Standard applicabfe in the UK and Republic of [reIar IFRS 1021 (effective 1 January 2019}', Financial Reporting Standard 102 The Financial Reporttng Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slatements have been prepared urKler the historical (x)sl convention, as mOdid by the revaluation of certain assets. Income All income is rewnised in the Statement of Financial ActivitS once the charity ha$ entitlement to the funds, it is pr(thble that the income will be received and the amount can be measured reliably. Cash donations are recognised on reeeipl. Other donations are fecognised once the ehanty has been nob.fied of the donation, Ltnl8SS Perfomiance conditions require deferrdl of the amount. Income tax recoverable in relation to donations receNed under Gift Aid or deeds of covenant is recognised al th& time of the dL)nalon. Legacies are recognised on reIpt or otherwse rf the charity has been notffied of an impendiNJ distribution. the amount is known, and the Teceipt is expected. If the amount is not kTh)wn, the kgacy is treated as a contingent asseL Tumover is measured at the fair valug of the consideration received or receivable and ropresents amounts receivable for goods arm£ services provlded in the norn1 course of business. nel of discounts. VAT and other sales related taxes. Grants are recognised when the Is evidence of enliuement to the gift, receipt is probabty and the amount be measured reliably. Expendlture Liabilities are recognised as expenditure as sc*)n as there is a legal or constructive obligation Commtiting the charity to that expenditure. il is probabEe that a transfer of economic benefits will be required in settlement and the amount of the obligation cart be measured reliably. Expenditure is ac(L)unted for on an accruals basts and has been classified under adingS that aggregate all cost relaled to the category. Where costs ¢annot be direclly attributed to particular headings they have been allrKaled to actmties on a basis consistent vthh the use of resour$. Charltable actlvltles Unrestricted funds are available use at the discretion of the trustees in furtherance of their charitable objectives unless the fund5 have been deslgnated lor olher wrwses. Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel OLrt in the not6S to the financtal stalemenl5. Designated funds are those which the trustees have delerminad will be set aside for future expectgd repairs and maintenance at Cyprus Well. The rental income from this propoty is trIng altocated to th15 fund as it 15 recewed. Going ¢oncèm Slnce the year end Ihe Charity's exÉsting grant funding has ended. At this lime no further funding has been obtained, how8vei th8 Charity is able to scale back operations to such an extent thal they can b& nded through existing rr¥e$, unts'l such a time as furthor funding can ba obtained and full operations can recommence. However, based on the above reasoning there are no material uncertainties about the charivs abiThty lo continue for the nexl 12 months. and therefore the Truslees have condud8d Ih3t the going concem basFS is appropriate. Page 10 contsnued...
Th Notgs lo the Flnanclal Statements - contlnued for the Year Ended 31Xh Se tember 2023 ACCOUNTING POLICIES - continued Intangible fixed assets Copyright represents thè pèrmission obtained for the use of poems on an app for years from the release dale of the app (June 2019). ThFS Cost has been amortised on a straight line basis over Ihis year period. Tanglblo Ilxod assets Depfeciation is prowded at Ihe following annual rates in order to write off each asset over its estimated useful lrfe. Plant and machinery 20Qk on reducing balance Tangible assets except freehold property ore stated at cost {or deemed wstl less accumulated depreciation and accumulated impaimienl losses. Cost includes the original purchase price. costs directly attributable trtr bringing the 3ssot lo its working condition for Fts intended use, dismanuing and restoration eosts. Freehold propgty is ststed at valuation. RevalL$81ions are made with sufficient regularity to ensure the rying amount does not materially differ fiDm that which would be determined fair value. Personal effects at cost is slated at its residual value and as such. holds no depredation policy. Stocks Stocks are valued al the kjwer of cost and net realisable value, after maklng due allowance for obsolete and slow moving items. Taxation Tho charity 1¢ •x•mpt from cgfpordtion tax on its charitab aclivitios. Employ60 benefits The cost of any Unused holKJay entitlement is recognised in the period in which the employee's seNices are received. Termirialion benefits are recognised immediatdy as an axpense when the charity is demonstrably ci)mmitted to lenninate the employment of an employee or trj provide terminatirm benefits. DONATIONS AND LEGACIES 2023 2022 Donations Membership fees Grants 6,065 1,183 27,207 1,478 775 131.320 34,465 133.573 Page 11 continued...
harle8 Causle Trust Flnanclal Statements- contln for Ihe Year Ended 30th Se tember 2023 DONATIONS AND LEGACIES- ¢ontlnued Grants Teceived, ired in the aLK)ve, are as follows.. 2023 2022 Cornwall Council Arts Council England Other grants New Art Collections Fund Volunteer Comwall Wami Banks Gatheld Weston The Rotary Club Launceston Town Council 24,897 89.523 8,231 6,576 750 14.900 1,650 27,207 131.320 OTHER TRADING ACTNITIES 2023 2022 Fundrdising events Rents receÉved 15.152 1,171 8,623 2.319 16,323 10.942 RAISING FUNDS Investment managom&nt costs 2023 2022 Rent collection 750 SUPPORT COSTS Support costs Govemance sts Totals Chaiitsbl8 activit¢es 7.054 2.165 9219 NET INCOMEIIEXPENDmJRE} Nel incomel(expenditurel is staled after Chargin(Creditingl.' 2023 2022 Depredation- ¢y•med assets Independent examiners fee for independent examination Indwndent examiners fee for other serviGes 767 1,506 420 823 1.368 1,203 Page 12 continued...
rust Notes to thg Flnanclal Statements - Contlnued for the Year Ended 30th Se tember 2023 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustges. remuneration Of other tonefils for the year ended 30th September 2023 nor for the year ended 30th September 2022. Trustoes. expgnsgs No trustees were reimbursed for out of pocket expenses during the Current or the previous year. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UFlf¥tstiiLleTJ Re&iribLe Tutrdl funds funds funds INCOME AND ENQOWMENTS FROM Donations and legacies 9.147 124,426 133,573 Charitable actlvltles ChaTilable activities 1,776 1,776 Other trading activities 10,942 10.942 Total 21.865 124.426 146,291 EXPENDITURE ON Raising funds 8.484 8.484 Charitable adlvitles Charitablo activitios {1,776} 161,787 q40,002 Total {1.775} 160,251 158,476 NET INCOMEI(EXPENDITUREI Transfers betr•fftn funds other recognlsed gainsl(losses) Gains on revaluation of fixed assets 23,640 {21,562) {35,8251 21,562 (12,1851 10,000 10,000 Net movement In funds 12,078 114,2631 12,185) RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjustment 194,754 10,000 98,535 293,289 10,000 As r¢$tst¢d 204,754 98,535 303,289 TOTAL FUNDS CARRIED FORWARD 216,832 84,272 301,104 Pag8 13 continL¢ed...
The Charl8s Cau510 Trust to thg FinanCial£ts_Igntstinuod for the Year Ended 30th Se tgmbgr 2023 INTANGIBLE FIXED ASSETS Copyright COST At 1s1 October 2022 and 30th September 2023 325 AMORTISATION At 1st October 2022 an(J 301h SepIe¥nLr 2023 325 NET BOOK VALUE At 30th September 2023 At 30th September 2022 10. TANGIBLE FIXED ASSETS Personal effects at cost Fraehold property Plant and machinery Totals COST OR VALUATION At 1st October 2022 Additions 195.000 5,562 253 5,000 205,562 253 At 30th September 2023 195,000 5.815 5.000 205,815 DEPRECIATION Al 1st October 2022 Charge for year 1,873 767 1.873 767 AI 30th September 2023 NET BOOK VALUE AI 30th September 2023 195.000 3.175 5,000 203,175 Ai 30th September 2022 195,000 5,000 203,689 Cost or valuation ai 30th September 2023 is Trpresented by.. Personal Fre¢hold Plant and property machinery at ¢o$t Totals Valuatloti 111 2020 Valuation in 2021 Valuation in 2022 Cost 29.392 10,000 10,000 144608 29.392 10,OIJO 10.000 156,423 5,815 5.000 195.000 5.815 5,000 205,815 Page 14 continued...
The Charte$ Causle Tw otgs to the Flnanclal Statsments . contInd for the Year Ended 30th SeAternb8r 2023 10. TANGIBLE FIXED ASSETS - ¢ontlnued If freehold property had not been revalued it would have been induded at the followng historical (x)st: 2023 2022 Cost 145,608 145,608 Freehold propety was valued on an open market basis on 1st April 2022 by Slags. Freehold propety 12 Cyprus Well) was transferred from the Charity 11102459) al its original cost (£145.6081 by way of donation. 11. STOCKS 2023 2022 1.070 3,241 12. DE8TORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2023 2022 Other debtors Prepayments 10.982 156 46.251 167 11,138 46,418 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors 1,507 9.536 14. MOVEMENT IN FUNDS Nel mvement in lunds At 1.10.22 At 30.9.23 Unrestricted funds General fund 216.832 11.005 227.837 Restrlcted funds Art Fund 2021-22 Culture Recovery Fund Community Renewal Fund 2022 Lighting the Sun 22-23 1,686 22,549 579 59,458 720 11,1351 7.345 {59.078) 2.406 21,414 7.924 84,272 {52,148) 32.124 TOTAL FUNDS 301.104 {41.143) 259.961 Page 15 continued...
Thè Charles Causle Trust e Flnanclal Statemonts . contlnue for the Year Ended 30th S mber 2023 14. MOVEMENT IN FUNDS- continued Nel movement in funds. Énduded in the aLKJve are as follows.. InCming resources Resources Movement expended in funds Vnrestrfctod funds General fund 44.143 133,138) 11,OOS Restrlcte¢l lunds Art Fund 2021-22 Culture Recovery Fund Community Renewal Fund 2022 Lighting the Sun 22-23 730 110) (1.135) 1141) (59.317) 720 (1.1351 7A86 239 (59.0781 (60,603) 152,148) TOTAL FUNDS 52.598 (93,741 } (41,143) Comparatlvgs for movement in fvnds Prior year ljustment Net movement in funds Transfers betjveen funds At 1.10.21 At 30.9.22 Unrèstrfcted funds Geral fund 194,754 10.000 33.640 {21,562) 216,832 Restrlcled fund$ Art Fund 2021-22 CultsEre Recovery Fund Community Renewal Fund 2022 Ignite 2020-22 Lighting the Sun 22-23 1,686 {69,581) 92,130 22.549 579 {27.967) 59.458 579 6,405 21,562 59,458 98,535 (35,8251 21.562 84.272 TOTAL FUNDS 293,289 10,000 12,185) 301.104 Page 16 continu8d...
The Charles Causle Trust Notes to the Flnanclal Statements- contlnued for the Ye rEn mber 2023 14. MOVEMENT IN FUNDS - continuad Comparative nel movement in funds, InclLtded in the above are as follows.. Incoming resources Resoijrces expended Gains and losses Movement in ftjnds Unrestrfctsd funds General fund 21.865 1,775 10,000 33.640 RE5tr1Gled Art Fund 2021-22 Culture Recovery FUN Community Renewal Fund 2022 Ignite 2020-22 Lighting the Sun 22-23 14.901 113.2151 169,5821 119.4191 127,9671 130,0681 1.686 169,5811 579 127,9671 59.458 19,998 89.526 124,426 1160,2511 135.825} TOTAL FUNDS 146,291 1158,476) 10,000 12,185) RESTRICTED FUNDS Ctslture Recove Fund At the end of the year to 30th September 2021 the Trust received confirmation that rt would receive a grant lolalling £95,073 from the Arts Council as part of it's Culture Recovery Fund Emergoncy Resource Support.. ThSs was received in total in this financial year. This was fully spent In the year •xc•pt for 2 b212neo provid•d knt•ntyon•lly to allow th• charity to build its r•s•rv•s. The project has been used to engage with some the most cullurdlly excluded young people. The Tftjst has worked in partnership with schools and L*niversiltes to source intemships and allow opportuntties to engage in creatÉve and cultural activities. The fvnding has also been used for poetry competitions, an intemational showcase, artistic residenctes and workshops and a summer festival and digital engagemenl through the Dlgltal Cultural Hub. During the fiRancial year ending September 2022, the Trust received confirmatKJn that it had been awarded a new grant from the Arts Council. lotalling £89.523. in order to fund the Lighting the Sun project. A final payment of £8,952 was receNed in July 2023 bringing the project lo an end. Art Fund A total grant of £14.900 was awarded during the year ended 2021 by the National Art Collections Fund. for a project called Reimagine. The objective of this project was lo expand the Irusls visual arts offer. allowing them lo work with the local communities, neOrkS and young people. This proiecl and fundirt9 came to an end in October 2022. A further successful application was made in the year to obtsin ft¢nding for three 11 month inlemships due to begin Soptomber 2023. Communi Renewal Fund During the year 2022 £20,000 was awarded and received trom Comwall Councll vta the Comwall Museums Partnership. This was provided lo fund the Tresorys Kemow project, which focussed on showing how culture can drive fr)otfall lo towns 8fMJ whal'suslainable culture, looks like. Paga17 continued...
The Charfes Notes to the Flnanclal Statomgnts . contln for th Year Ended 30th S rnr 2023 15. RELATED PARTY DISCLOSURES Thére wer& no related party transactions for tho yw ended 30th September 2023. Page 18