Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Company registration number: 08194357 Charity registration number: 1155879
Gwinear-Gwithian Sustainable Community Fund
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2026
Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
| Contents | |
|---|---|
| Trustees Report | 1 to 5 |
| Statement of Trustees' Responsibilities | 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 14 |
Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Trustees Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2026.
Objectives and activities
Objects and aims
The objects of the charity are:
The promotion of any charitable purposes primarily for the benefit of the community in the Parish of Gwinear-Gwithian and in the event of the Charity having funds surplus to the needs of this area for the benefit of the communities in the Parishes of Camborne, Crowan, St Erth and Hayle, and in particular to promote Sustainable Development for the benefit of the said communities by:
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The preservation, conservation and protection of the environment and the prudent use of resources; - The relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities;
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The promotion of sustainable means of achieving economic growth and regeneration.
To advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment and to promote study and research in such subjects provided that the useful results of such study are disseminated to the public at large.
Sustainable Development means a ‘development which meets the needs of the present without compromising the ability of future generation to meet their own needs.’
In planning our activities for the year we kept in mind the Charity Commission’s guidance on public benefit.
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Trustees Report
Gwinear-Gwithian Sustainable Community Fund
Achievements and performance
For the year ending 31st March 2026 the charity had two periods of applications for funding. In the funding round ending 31st May 2025, Directors approved the following applications: Connor Downs Residents Association for the path and surface of the Elizabeth Sampson Playing Field; Friends of Connor Downs Academy for the Key Stage 1 Outside Area; Gwithian Residents Association for the Gwithian Green Project; The Wave Project for Surf Therapy Gwithian; and Friends of the Towans for the Towans Arts Club Workshops. Directors also continued to provide a healthy breaktime option to Busy Bodies Pre-School, Connor Downs Academy and Gwinear Primary for the academic year, this initiative being a response to the cost of living crisis. There were no applications for the funding round ending 30th November 2025.
Income of £11,972 was received from Hope Solar Farm and £40,945 was received from Churchtown Solar Park. Interest earned on the business accounts amounted to £2,397.
Cathy Woolcock, David Simmons and Rosemarie Norman were re-elected as co-opted Directors.
The deadline for the next round of applications for grants is 31st May 2026 and has been advertised throughout the parish and on social media. Advanced notifications of the AGM were sent to the Parish Council; GVA, CDRA, Gwithian RA and Towans Partnership and published on the website and on social media.
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Trustees Report
Gwinear-Gwithian Sustainable Community Fund
Financial review
The financial results of the charity are set out in the SOFA on page 8.
Policy on reserves
The charity’s reserves of £52,199 are held to fund future grant applications. The reserves policy is to ensure that at no point will the balance in the bank fall below the committed funds plus running costs.
Plans for future periods
Aims and key objectives for future periods
The GGSCF charity has income from the two solar farms, Churchtown Farm Solar Park Ltd and Hope Solar Park Ltd for the next 10 and 12 years respectively. The plan is to continue with the original aims - the fund is for the benefit of the Community.
Who can apply?
Any not-for-profit organisation (except those with sole political or religious purposes) based in and for the benefit of people in eligible geographical areas including:
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Registered Charities
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Voluntary Groups
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Community Groups
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Clubs
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Friends Associations
Preference will be given to first time applicants and projects that:
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Involve young people.
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Promote social inclusion.
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Demonstrate innovation or best practice.
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Lever in contributions from other sources.
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Add value or new dimensions to existing sustainability projects.
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Have little access to alternative public funding; and/or
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Bring organisations or communities together to tackle problems or promote new ideas.
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Trustees Report
Structure, governance and management
Nature of governing document
The charity is governed by its memorandum and articles of association, and is a company limited by guarantee.
There are seven appointed directors who are selected from people living or working in the Parish who express an interest by responding to the call for volunteer directors. The focus for selection is on what experience people can offer. We look for demonstration of one or more of the following from each.
- Local Knowledge - Conservation-Nature - Sustainable Energy/Energy Conservation - Youth-Education - Business and Marketing - Charity and Community Organisation
Recruitment and appointment of trustees
Directors were advertised for through the website, local newsletters and on the Parish Council website and notice boards.
Directors may be appointed at any general meeting provided that the correct notice is executed by a director entitled to vote at the meeting. A director may also be appointed by a board resolution but the director so appointed must retire at the next annual general meeting and must not be taken into account in determining the directors who are to retire by rotation.
Induction and training of trustees
On appointment directors receive the funding agreements and note of assignment. The directors are expected to be thoroughly familiar with the Articles of Association and the obligations of trustees and directors, as set out in the guidance on the Charity Commission and Companies House website. Directors are required to confirm that they are up to date with these obligations once a year.
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Trustees Report
Reference and Administrative Details
| Trustees | Mrs C Woolcock |
|---|---|
| Mrs J Tovey | |
| Mrs R Norman | |
| Ms D Hall | |
| Mr D Simmons | |
| Mrs J S Richards | |
| Mr M J Weedon | |
| Principal and Registered Office | c/o Flat 3 |
| Moonrakers | |
| Parc Owles | |
| Carbis Bay | |
| TR26 2RE | |
| Company Registration Number | 08194357 |
| Charity Registration Number | 1155879 |
| Solicitors: | Borlase & Co |
| 45 Coinagehall Street | |
| Helston | |
| Cornwall | |
| TR13 8EU | |
| Accountants | Francis Clark LLP |
| Lowin House | |
| Tregolls Road | |
| Truro | |
| Cornwall | |
| TR1 2NA |
The annual report was approved by the trustees of the charity on 8 July 2026 and signed on its behalf by:
......................................... Mrs C Woolcock Trustee
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Gwinear-Gwithian Sustainable Community Fund for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 8 July 2026 and signed on its behalf by:
......................................... Mrs C Woolcock Trustee
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Independent Examiner's Report to the trustees of Gwinear-Gwithian Sustainable Community Fund ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of Gwinear-Gwithian Sustainable Community Fund as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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......................................
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...................................... Darren Perry BA(Hons) ACA DChA Francis Clark LLP
Lowin House Tregolls Road Truro Cornwall TR1 2NA
03 September 2026 Date:.............................
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Statement of Financial Activities for the Year Ended 31 March 2026 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Recognised Gains and Losses) | |||
|---|---|---|---|
| Note Income and Endowments from: Donations and legacies 3 Investment income Total Income Expenditure on: Charitable activities 4 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 10 |
Unrestricted funds £ 53,554 2,397 55,951 (55,991) (55,991) (40) 52,239 52,199 |
Total 2026 £ 53,554 2,397 55,951 (55,991) (55,991) (40) 52,239 52,199 |
Unrestricted Funds Total 2025 £ 51,331 1,228 |
| 52,559 | |||
| (42,181) | |||
| (42,181) | |||
| 10,378 41,861 |
|||
| 52,239 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 10 to 14 form an integral part of these financial statements. Page 8
Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
(Registration number: 08194357) Balance Sheet as at 31 March 2026
| (Registration number: 08194357) Balance Sheet as at 31 March 2026 |
||
|---|---|---|
| Note Current assets Debtors 7 Cash at bank and in hand 8 Creditors: Amounts falling due within one year 9 Net assets Funds of the charity: Unrestricted income funds Unrestricted Total funds 10 |
2026 £ 107 99,306 99,413 (47,214) 52,199 52,199 52,199 |
2025 £ 103 110,470 |
| 110,573 (58,334) |
||
| 52,239 | ||
| 52,239 | ||
| 52,239 |
For the financial year ending 31 March 2026 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 8 to 14 were approved by the trustees, and authorised for issue on 8 July 2026 and signed on their behalf by:
......................................... Mrs C Woolcock Trustee
The notes on pages 10 to 14 form an integral part of these financial statements. Page 9
Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Notes to the Financial Statements for the Year Ended 31 March 2026
1 Charity status
The charity is limited by guarantee, incorporated in England and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Gwinear-Gwithian Sustainable Community Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Income and endowments
Solar farm contributions are recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure headings that aggregate similar costs to that category.
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Notes to the Financial Statements for the Year Ended 31 March 2026
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant expenditure
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
3 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Solar farm contributions 4 Expenditure on charitable activities |
Unrestricted funds £ 1,470 52,084 53,554 |
Total 2026 £ 1,470 52,084 53,554 |
Unrestricted Total 2025 £ 1,380 49,951 |
|---|---|---|---|
| 51,331 | |||
| Grants approved Administrator charges Website development Insurance Accountancy fees Sundry |
Grant making £ 52,138 - - - - - 52,138 |
Support costs £ - 1,746 230 281 1,566 30 3,853 |
Total 2026 £ 52,138 1,746 230 281 1,566 30 55,991 |
Total 2025 £ 38,950 1,268 220 254 1,474 15 |
|---|---|---|---|---|
| 42,181 |
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Notes to the Financial Statements for the Year Ended 31 March 2026
5 Grant-making
Analysis of grants
| Recipient Friends of Connor Downs Academy Gwithian Residents Association Hayle Memory Cafe Connor Downs Residents Association Friends of the Towans Hayle RFC Busy Bodies Pre-School Nursery Friends of Gwinear School Gwinear School The Wave Project |
Grants 2026 £ 22,600 3,159 - 20,000 1,000 - 425 - 1,354 3,600 52,138 |
to institutions 2025 £ 1,400 - 3,000 - - 23,050 10,400 1,100 - - |
|---|---|---|
| 38,950 |
6 Trustees remuneration and expenses
The key management personnel of the charity are considered to be the Trustees.
No trustees, nor any persons connected with them, have received any remuneration or reimbursed expenses from the charity during the year.
7 Debtors
| 7 Debtors |
||
|---|---|---|
| Prepayments 8 Cash and cash equivalents Cash at bank |
2026 £ 107 2026 £ 99,306 |
2025 £ 103 |
| 2025 £ 110,470 |
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Notes to the Financial Statements for the Year Ended 31 March 2026
9 Creditors: amounts falling due within one year
| Grants payable Accruals Deferred income Deferred income at 1 April 2025 Resources deferred in the period Amounts released from previous periods Deferred income at year end 10 Funds Balance at 1 April 2025 £ Unrestricted funds General Unrestricted Funds 52,239 Balance at 1 April 2024 £ Unrestricted funds General Unrestricted Funds 41,861 |
Incoming resources £ 55,951 Incoming resources £ 52,559 |
2026 £ 21,000 1,591 24,623 47,214 2026 £ 23,790 24,623 (23,790) 24,623 Resources expended £ (55,991) Resources expended £ (42,181) |
2025 £ 33,050 1,494 23,790 |
|---|---|---|---|
| 58,334 | |||
| 2025 £ 22,614 23,790 (22,614) |
|||
| 23,790 | |||
| Balance at 31 March 2026 £ 52,199 |
|||
| Balance at 31 March 2025 £ 52,239 |
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Docusign Envelope ID: 09FEBC2B-A055-849A-8354-4D54415F161E
Gwinear-Gwithian Sustainable Community Fund
Notes to the Financial Statements for the Year Ended 31 March 2026
11 Analysis of net assets between funds
| 11 Analysis of net assets between funds | ||
|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds £ 99,413 (47,214) 52,199 Unrestricted funds £ 110,573 (58,334) 52,239 |
31 March 2026 £ 99,413 (47,214) |
| 52,199 | ||
| 31 March 2025 £ 110,573 (58,334) |
||
| 52,239 |
12 Related party transactions
The following trustees declared an interest in grant applicants and abstained from voting on the related grant applicaiton:
• Cathy Woolcock - foundation governor at Gwinear Community Primary School
• Jenny Tovey - member of Gwithian Green Advisory group who have an association with Friends of the Towans and member of Elizabeth Sampson Playing Field Working Group who have an association with Connor Downs Residents Association
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