Charity Registration No. 1158133
Company Registration No. 0842S370 {England and Wales)
CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
RRL"
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Paul Jackson
Martin Page
Timothy Rogers
Elinor Lamond
Amanda Richardson
Lisa W5dom
Angela Annesley
Amy Cooper
Charty number
1158133
Company numbgr
08425370
Prlnclpal address
Trelissick Gallery
Trelissick
Feock
TRURO
Comwall
TR3 6QL
Registered office
Trelissick Gallery
Trelissick
Feock
TRURO
Comwall
TR3 6QL
Independent examiner
Mark Williams FCA DChA
RRL LLP
Peal House
Newham Road
TRURO
Comwall
TR12DP
Bankers
Barclays Bank PIC (Truro King Slreeti
14 King Street
TRURO
Comwall
TR1 2RB

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
RRL"
CONTENTS
Page
Trustees. report
statement of trustees. responsibilities
Independent examinerfs report
Stslemenl of financial activities
Balance sheet
Notes to the financial statements
8-17

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policiès set out in note 1 to the
financial stslemenls and comply wth the Charty's Memorandum and Articles of Association, the Companies Act
2006 and 'Accounling and Reporting by Charities". Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of
Ireland IFRS 1021
ObJectlves and actlvltles
The objectives are to promote any charitable purpose which will encourage the exercise and maintain the standards
of crafts both ancient and modem, preserve and improve craftsmanship and promote and increase the interest of
the public herein particularly in the county of Cornwall.
Achievements and perfomiance
Chalmian's report
The Cornwall Crafts Association ICCAI has emerged leaner and stronger from the Llxkdown which for us was April
2021. The gallery opened again. and all staff came off furlough, and what a wonderful fresh start we have had with
the opening of the upstairs gallery. We took over rent free for the rest of 2021 and used it to hou￿ the 125
Exhibition which had been left abandoned in the dosed main house. There was some worry as to how it would look.
bul It moved across brilliantly and made a fantastic first show.
The end of 2021 was marked by a Christmas Tree Decoration competition which was won by Carole Venables,
congratulations.
The beginning of 2022 was heralded by reaching a fomial licence with the National Trust for use of the Upstairs
Gallery. The fact that we had a chance to pemianently take this space over was a great thrill to us. It completes the
gallery experience and has already proved its worth financially. We thank Tim Rogers and Elinor Lamond for dealing
with the negotiations.
The first show for the upper gallery was Craftsmanship 2022 and this was followed dosely by Treasurers. This is a
truly delightful show incorporating some truly wonderful pieces by new members and some familiar faces. We
congratulate all who look part. The themed show inspires some fine work, and we are keen to gel suggestions for
our nexl show.
The Focus Exhibitions are always interesting. The year started wth a retrospective for Margaret ￿&y. Margaret was
a founder member, long-time supporter, and Trustee. Her wisdom and insight was invaluable and became known by
me as our Wise Owl" 11 was lovely to meet her whole family again al the Private View party. I know they were
delighted wth the whole event.
Every year there are some sad goodbyes, and this year is no exception. Firstly, we lost Mary Rich and shortly after
Pal Cross. Both had done a huge amount to strengthen the CCA. On a happier note, we said goodbye to Raury and
Conan Marshall who had helped stsff the gallery through the post lockdown phase. We wish them well in their new
jobs.
We now have the extra help of Olivia ￿alber. Olivia studied textiles at Plymouth University and has only recently
graduated. She is enjoying working in such a creative atmosphere and is loving meeting CCA members and finding
out about their disciplines.
We especially thank Elinor, Jeanelle, and Rachel for all their hard work staffing and curating the many shows. Tim
Rogers for standing in as Chairman during much of the last year, a friend indeed to both me and the Association. his
enthusiasm is totally Contagious. We thank the adminislralion team and especially Mark Wlliams for keeping us on
track. and most especially we thank you the membership for the beautiful inspiring worf(.
We greauy look forward to the remainder of 2022 and on lo 2023 to see more of our unique and inspiring work.

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
Flnanclal revlew
The Association's largest item of expenditure is wages which totalled £60,867 12020.. £49,8921. Commission
receivable totalled £75,993 12020.. £41,373). The Association made a deficit this year of £4,090 12020.. deficit of
£20,475).
The Association's resour￿5 are partly invested in the COIF Charities Investment Fund and the ba1￿ce is on
deposit al Barclays.
Reserves policy
The trustees aim to ensure the Charty's long term viability and aim for at least six months reseNes lo be held. This
policy will be reviewed on an annual basis. Unreslricled funds al 31 December 2021 tolalled £67.055, which
included free reserves of £2.055.
Investment pollcy
The trustees regularfy review the cash held by the charity and place any surplus funds in an interest bearing deposit
account when appropriate.
Publ1¢ benoflt
The charity complies wth the public benefit requirement through its charitable objectives.
The Iruslees confirm that they have referred lo the guidance contained in the Charity Commission's general
guidance on public benefit when reviewng the charity'5 aims and objectives and in planning future activities. In
particular, the Iruslees consider how planned activities will contribute lo the aims and objectives set.
Risk management
The trustees have assessed the major risks lo which the charity is exposed and a￿ satisfied that they are operating
systems which miligale the charity's exposure.
Tax status
Being a registered charty. Comwall Crafts Association is exempl from corporation tsx on its investments and other
in¢ome.
Structure. govemance and management
Governing document
The charity is incorporated as a company limited by guarantee under the provisions of the Companies Act 2006. Its
goveming conslitulional documents are ils Memorandum and Articles of Association which are publicly available
from the Registrar of Companies via ils website.
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the
company in the event of a winding up.
The trustees, who are also the directors for the purpose of company law, and who served during the year were..
Paul Jackson
Martin Page
Timothy Rogers
Elinor Lamond
Amanda Richardson
Lisa Vlfisdom
Angela Annesley
Amy Cooper

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
RRL"
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
Suitable individuals are identified by the existing trustees on the basis of their skills and knowledge and are invited
to become Iruslees. New Iruslees are inducted into the workings of the charity.
The trustees are responsible for the overall control of the charity.
Rglated party transactlons
Some members of the previous and current managing committees who are also craftsmen sold items using the
Association and details of these are reported in note 8 of the financial stalemenls.
Remuneration policy for key management
The trustees consider the trustees (including Elinor Lamondl lo comprise the key management personnel of the
charity, lo be In charge of directing and controlling, running and operating the charity on a day to day basis.
The pay of the senior staff is reviewed annually and normally increased in accordance with average eainings. In
view of the nature of the charity, the trustees benchmark against pay levels in other similar organisalions.
ststement of dlsclosure to Independent examlner
So far that the Iruslees are aware, there is no relevant infomiation of which the charity's independent examiner is
unaware.
Additionally the trustees have tsken all the step5 that they ought lo have tsken as trustees in order to make
themsèlvès aware of any relevant infomation and lo establish that the charity's independent examinw is aware of
that information.
This report has been prepared in accordance with the special provision of Part 15 of the Companies A￿ 2006
relating lo Small Companies.
The trustees, report was approved by the Board of Trustees.
Elinor Lamond
Trustee
30 August 2022

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees, who are also the directors of Cornwall Crafts Association (Limited by Guarantee) for the purpose 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).
Company Law requires the Iruslees to prepare financial statements for each financial year which give a true and fair
view of the stale of affairs of the charity and of the incoming reSoUr￿S and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial stslemenls, the trustees are required lo".
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Stsndards have been followed, subject lo any material departures
disclosed and explained in the financial slalements", and
prepare the financial slalements on the going concern basis unless il is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at
any time the financial position of the charity and enable them lo ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CORNWALL CRAFTS ASSOCIATION ILIMITED BY
GUARANTEE
I report to the trustees on my examination of the financial statements of Comwall Crafts Association (Limited by
Guarantee) Ilhe charity) for the year ended 31 December 2021.
Responslbllltles and basls of report
As the trustees of the charty land also its directors for the purposes of company lawl you are responsible for the
preparation of the finanaal statements in accordance wth the requirements of the Companies Act 20(6 (the 2006
Acll.
Having satisfied myself that the financial statements of the charity are not required lo be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report In respect of my examination of the charity's
financial stslemenls carried out under section 145 of the Charities Act 2011 Ilhe 2011 Actl. In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl
of the 2011 Act.
I draw lo your attention that the firm al which l am partner provides bookkeeping services lo the charity. We have
complied with FRC'S Revised Ethical Standard in this regard.
Independent examlnerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or
the financial statements do not accord with those records., or
the financial slalemenls 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
the financial statements have not been prepared in accordance ￿rith the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the finan￿al slalements lo be reached.
Mark Williams FCA DChA
RRL LLP
Peal House
Newham Road
TRURO
Cornwall
TR12DP
Dated 30 August 2022

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestrlcted Unrestrlcted
funds
funds
2021
2020
Notes
ncome from.
Donations and legacies
Charitable activities
Investments
7.099
82,246
12,330
46,995
153
Total income
89,354
59,478
Ex
enditure
Charitable activities
93,480
79,347
other
12
624
Totsl re$ource$ &xpendgd
93.480
79.971
Net gains on investments
11
36
Net movement in funds
14,090}
120,4751
Fund balances al 1 January 2021
71,145
91,620
Fund balances at 31 December 2021
67,055
71,145
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Notes
Flxgd assets
Tangible assets
Investments
13
14
3,787
242
4,734
206
4,029
4,940
Current assets
DeblDrs
Cash at bank and in hand
16
3,424
83,459
5,598
73,853
86,883
79,451
Credltors: amounts falllng due wlthln
one year
17
123,8571
113,2461
Net current assets
63,026
66,205
Total asyets leys current liabilities
67,055
71,145
Income funds
Unrestricted funds
Designated fund5
General unrestricted funds
18
65,000
2,055
70,000
1,145
67,055
71,145
67,055
71,145
The company is enlilled to the exemption from the audit reqU1￿ment wntsined in section 477 of the Companies Act
2006, for the year ended 31 December 2021. No member of the company has deposited a notice, pursuant lo
section 476, requiring an audit of these fi'nancial slalements.
These financial slalemenls have been prepared in accordance with the special provisions of Part 15 of the
Companies Act relating to small companies and constitute the annual accounts required by Companies Act 2006
and are for circulation lo members of the company.
The financial stslemenls were approved by the Trustees on 30 August 2022
Elinor Lamond
Trusta8
Company Reglstratlon No. 08425370

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng pollcles
Charity infomiation
Cornwall Crafts Association (Limited by Guarantee) is a private company limited by guarantee incorporated in
England and Wales. The registered office is Trelissick Gallery. Trelissi¢k, Feock. TRURO, Cornwall, TR3 6QL.
1.1 Accounllng conventlon
These financial statements have been prepared in accordance with FRS 102 °The Financial Reporting
Standard applicable in the UK and Republic of Ireland. I'FRS 102.1, "Accounting and Reporting by Charities.
the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK
Generally Accepted Accounting Practice as il applies from 1 January 2019. The charity is a Public Benefit
Enlily as defined by FRS 102.
The financial slalemènts are prepared in sleding, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial $18temenls have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
Al the lime of approving the financial slalements. the Iruslees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for Ihe foreseeable future. Thus the trustees.
continue to adopt the going concern basis of accounting in preparing the financial siatements.
1.3 Charitable funds
Unrestricted funds are donations and other incoming resources received or generated for general charitsble
purposes.
Designated funds are unrestricted funds of the charity which the trustees have decided al their discretion lo
sel aside lo use for a specific purpose.
Reslricled funds are to be used for specific purposes as laid down by the donor. Expenditure which meets
the ¢riteria is identified lo the fund, together with a fair allocation of overheads and support Costs.
1.4 Incoming resources
Income is recognised when the charity is legally entitled lo il after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that income will be received.
Commission represents inwme earned from sales of work and is brought into credit on an arising basis.
Annual subscriptions from members are included in the year that they are received.
Income from donations and grants is included in income when receivable, eX￿pt as follows..
)en donors specify that donations and grants given lo the charity musl be used in future
accounting periods, the income Is defèrred until those periods.
INhen donors impose conditions which have lo be fulfilled before the charity becomes entitled lo use
such income. the income is deferred and not induded in incoming resources until the pre-conditions
have been met.
hen donors specify that donations and grants are for particular restricted purposes, which do not
amount to pre-conditions regarding entitlement, this income is included in incoming resources ol
reslricled funds when receivable.
l income arising on investments is accounted for on a receivable basis.

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounllng poll¢lg$
Icontlnugdl
1.$ Resources expendad
Expenditure is recognised once there is legal or constructive obligation lo make a payrnenl lo a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliaLIy.
Expenditure is classified under the following activity headings..
Expenditure on charitable activities includes the costs of crafts people and exhibitions and other costs
undertaken lo further the purposes of the charity and their associated support costs.
Govemance costs represent the cost of accountancy fees and legal and professional costs.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of
depreciation and any impaimient losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases".
General Equipment
200h reducing balan
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale
proceeds and the carrying value of the asset, and is recognised in nel incomellexpendilurel for the year.
1.7 Impairment offixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such Ind￿atIOn
exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment
loss lif any).
1.8 Cash an(1 cash equlvalents
Cash at bank and in hand includes cash and short term highly liquid investments wth a short maturty of three
months or less from the date of acquisition or opening of the deposit or similar account.
1.9 Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the
ntra¢lual provisions of the inslrumenl.
Financial assets and liabilities are offset, with the net amounts presented in the financial stalemenls, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a
nel basis or to realise the asset and settle the liability simultaneously.
BasiTC financial assots
Basic financial assets, which Include debtors and cash and bank balances, are initially measured at
transaction pri￿ including transaction costs and are subsequently carried al amortised cost using the
effective interest method unless the arrangement Conslilules a financing Iransaclion, where the transaction is
measured at the present value of the future re￿ip1S dis¢ounled at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounllng poll¢lg$
Icontlnugdl
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the 8rr8ngemenl constitutes a financing Iransaclion, where the debt instrument is measured at the present
value of the future payments discounted al a market rate of interest. Financial li8bilib.es dassified as payable
wthin one year are not amortised.
Debt instruments are subsequenuy Carried al amortised cost. using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction pricè and subsequenuy measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Taxatlon
The charity is exempt from tax on income and gains falling wthin section 505 of the Taxes Act 1988 or
Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to ils charitable
objects.
1.11 Employee benefits
The cost of any unused holiday enlidemenl is recognised in the period in which the employee's servicès are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.12 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13 Cash flow statement
Under Charities SORP IFRS1021 the Charity is classed as a Small Charity and is not required lo prepare a
cash flow slalement.
1.14 Investments and investment income
l investments are slated al market value. The movement shown in the statement of financial activities
mprises both realised and unrealised gains and losses.
Crltlcal accountlng estlmates and Judgements
In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
Sour￿$. The eslimales and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects C￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
10-

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Donatlons and legacles
Unrestricted Unrestricted
funds
ftjnds
2021
2020
Government Grants
7,099
12,330
HMRC- grants have been received totalling £7,09912020.'£12,3301 to help with the furfoughed staff whilst in a
nationwide lockdown due to COVID-19.
Charitable activities
2021
2020
Commissions
Subscriptions
Other income
75,993
6,131
122
41,373
5,312
310
82,246
46,995
Investments
Unrestricted Unrestricted
funds
funds
2021
2020
Interest receivable
153

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Charltable actlvltles
2021
2020
Stsff ¢osls
Rent and occupancy
Rates
Light and heal
Advertising
Repairs and renewals
Hire of equipment
Bank and credit Card charges
Exhibition and display fees and costs
Cost of goods sold
60,887
10,042
49,892
5,474
289
97
1,478
1,199
1261
1,911
1.494
2,211
1,779
2,742
967
2,730
79,126
64,019
Share of support costs (see note 71
Share of governance costs (see note 71
12,504
1,850
12,838
2,490
93,480
79,347
12-

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CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
One of the trustees received remuneration (including employers, national insurance and pension
conlribulionsl of £26,363 12020". £26,405) for her services provided to the charity as gallery manager and
adminislralor. Pemiission was granted by the Charity Commission lo remunerate this Iruslee.
No trustees were reimbursed expenses during the year {2020.' £Nill.
Commissions were taken from and payments were made to the following trustees during the year as follows..
Commission Payment made
received from
lo
Payments
Outstanding
Paul Jackson
Amanda Richardson
Amy Cooper
Elinor Lamond
Angela Annesley
Lisa Wisdom
Martin Page
1,039
5,051
1,334
4,147
622
1,725
362
2,335
12,025
2,779
9,411
1,296
3,811
754
209
196
122
144
Net movement in funds
2021
2020
Nel movement in funds is slated after chargingllcredilingl
Independent examination fees
Depreaalion of owned tangible fixed assets
Loss on disposal of tangible fixed assets
1,600
947
1,500
1,191
624
10 Employees
The average monthly number of employees during the year was".
2021
Number
2020
Number
Gallery costs
Support costs
Total
Employment costs
2021
2020
Wages and salaries
Other pension costs
60.169
698
49,304
588
60,867
49,892
14-

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
10 Employ99$
Icontlnugdl
There were no employees whose annual remuneration was more than £60,000.
11
Net galnsllloss&sl on Investments
Unrestrl¢ted Unrestricted
funds
funds
2021
2020
Revaluation of investments
36
12 Other
Total Unrestricted
funds
2021
2020
Net loss on disposal of tangible fixed assets
624
13 Tangible fixed assets
General Equipment
Cost
At 1 January 2021
47,901
Al 31 December 2021
47,901
Depreciation and impaiment
At 1 January 2021
Depreciation charged in the year
43,167
947
Al 31 December 2021
44,114
Carrying amount
Al 31 December 2021
3,787
At 31 December 2020
4,734
15-

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
14 Flxe(l asset Investments
Listèd
investments
Cost or valuatlon
Al 1 January 2021
Additions
206
36
Al 31 December 2021
242
Carrying amount
Al 31 December 2021
242
Al 31 December 2020
206
15 Financial instruments
2021
2020
Carrying amount of financial assets
Instruments measured al fair value through profit or loss
242
206
16 Debtors
2021
2020
Amounts falling due within one year:
Prepayments and accrued income
3,424
5,598
17 Creditors- amounts falling due within one year
2021
2020
Other tsxation and social security
Trade creditors
Accruals and deferred income
4,489
12,457
6,911
2,108
8,767
2,371
23,857
13,246
16-

CORNWALL CRAFTS ASSOCIATION (LIMITED BY GUARANTEE)
RRL"
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
18 Deslgnated funds
The Income funds of the chaiily include the following designated funds which have been sel aside out of
unrestricted funds by the Iruslees for specific purposes".
Movement
in funds
InGoming
BalanGe al
resourcè$1 January 2021
Movement
in funds
InGoming
BalanGe at
resources 31 DeCem￿r
2021
BalanGe at
1 January 2020
Contingency
Future Projects Fund
50,000
20,000
50,000
20,000
15,0001
45,000
20,000
70,000
70,000
15,0001
65,000
The conlinency fund is held lo cover unforeseen expenditure.
The ftjture projects fund will fund any specific one off projects planned.
19 Ggn9ral fund$
General funds include cumulative gains on investments measured al fair value of £9312020.. £751.
20 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2021
2020
Aggregate compensation
26,363
26,405
17-