TIIE TREVITHICK SOCIETY ACCOUNTS FOR TFIE YEAR ENDED 31" DECEMBER 2024 Charitable Incorporatcd Organisation No. l 159639
THE TREVITHICK SOCIETY CONTF,NTS Trustee's Report Trading and Profit and Loss Account Balance Sheet Notes to the Accounts
THE TREVITHICK SOCIETY Charitable Incorporated Organisation No. 1159639 TRUSTEES REPORT FOR THE YEAR ENDED 31st DECEMBER 2024 The Trustees submit their report and accounts for the year ended 31 December 2024 The Charitvs Principle Address is 17 Chiltern Road, Sandhurst, Berkshire GU47 8NB Trustees The following members acted as Trustees of the society during the year:_ Mr. D. Crewes Mrs. S.E. Easterbrook Dr. C'..N. French Mr. B.A.L. Jones Mr. M. Newman Mr. K.J.T. Rickard Mr. J.P.R. Rogers Mrs. F..S. Saunders Mr. G. Thorne Structure, Governance and Management The Trevithick Society is constituted as a Charitable Incorporated Organisation whose trustees are elected annually at an AGM. Objectives and Prlnclple Actlvltles The objectives of the Society are to advance the education of the public in Cornish industry and technology, including its history, around the world in particular, but not exclusively, by: _ l. The study, presentation and global educational dissemination of matters concerned wlth Comwall, s industrial heritage, and collecting, recording and exhibiting plant, machinery and records connected to the above. 2. Studying the life , achievements and effects of Cornish inventors including Richard Trevithick 1771-1883. 3. F.ngaging in discussion with local Government and other bodies concerned with the above objects to ensure that Cornwall's past and industrial heritage are given due consideration in all respects. and 4. Disseminating all of the above using any manner or media. Trustee J.P.R. ogers Page I
TREVITHICK SOCIETY PROFIT & LOSS ACCOUNT for the year ended 31 December 2023 2024 Income Subscriptions Gift Aid Refund Sales of Books - Torniark Press Sales of Books - Direct 11,269.00 1,728.25 10,394.00 2,809.60 756.99 3,566.59 (1,727.80) 1,838.79 1,000.00 24.00 1.060.00 2,583.65 3,643.65 {1,820.00) Cost of Sales 1,823.65 250.00 306.00 Sponsorship of Books Journal Sales 2,862.79 335.53 2,379.65 22.58 Donations Trevithick Day Income Less Costs 515.08 0.00 515.08 AGM Dinner Less Costs 0.00 (165.001 (156.00) (156.00) (165.00) 690.00 (6.781.56) Replica Road Loco Less Costs 280.00 (1,092.311 16,071.561 2,600.00 (812.31) 1,541.47 387.20 Investment Income Sundry 12,568.01 Gross Income 14,262.67 enditure Journal Printing Newsletter Printing Editorial Costs Royalties Adminstration Cost - Postage Stationery Costs of lectures at Liskcard & KF.M Affiliation Fees Insurances & Legal Website Costs Trevithick Day Costs Camborne show costs Write off Slow Moving Books Provision for Bad Debts Royal Cornwall Show BAC8 Charges Bank charges - PayPal Sundry Expenses (3,700.40) (2,056.00) {1,550.00) (129.66) (3,351.92) <697.17) (431.10) (79.00) (707.64) (72.00) (30.00) 12,992.20) 11,004.00) (834.00) (41.52) 11,968.41) (866.55) (382.00) {49.00) (793.51) {94.27} {78.00> (3,945.00) (13.34) 11,195.49) (7.62) (1,206.44) {14.013.72) Total Expejjditure (14,262.52) (1,445.71) Excess of Income over Fxpenditure 0.15 Page 2
TREVITHICK SOCIETY BALANCE SHEET as at 31 December Draft Accounts as at 31 December 2024 2023 2024 Current Assets Debtors Prepayments Stocks of Books Cash at Bank- Barclays Current Account Cash at Bank - Lloyds Current account B Lloyds No 2 Account Lloyds Higher Interest Account Nationwide Investment Account 10,370.05 8,170.05 0.00 11,411.30 0.00 42,121.24 2,837.21 100,000.00 50,000.00 7,642.50 2,970.52 17,997.32 16,749.52 155,000.00 210,729.91 214,539.80 Current Liablllties Provision for Bad Debts Deferred Income Accruals (4,150.00) (0.00) (547.78) (8,095.00) (112.00) (300.521 (4,697.78) (8,507.52) 206,032.13 Total Net Assets 206,032.28 Reserves 62,252.84 1,445.71 60,807.13 145,225.00 206,032.13 Retained Earnings Blfwd I&E Account Retained Earnings CIFwd Reserves - Legacy Income Totsl Reserves Clfwd 60,807.13 0.15 60,807.28 145,225.00 206,032.28 Trusteerrreasurer Reviewer Date Date
The Trevithick Socie Notes to the financial statements For the ear ended 31, December l. Accounting Policies The Financial Statements are prepared under the historic cost convention and include the results of the Society's operations as described in the Trustee's Report all of which are continuing. 2024 2023 2. Contribution to transport costs of the replica Locomotive: _ Appearance at Trevithick Day and St Buryan Steam rally Income from Glue Screen Film Services 280 190 500 280 690 2024 2023 3. Replica Locomotive costs: Rcpairs and maintenance (l O year) Boiler Testing Insurance Storage costs Sundry purchases Transport costs {4.4.34) (20()) {14_3) (497) (1.487) (12(1) (1,()92) {6,761) Page 4
The Trevithick Socie Notes to the financial statements continued For the st ear ended 31 December 2024 2023 4. Sundry F,xpenditure: Subscription to Zoom Software purchase Sundry purchases New printer for Pete, Sheila Charges ex Gallagher & Russell for stock held Pitch hire at Cambome Show Donation to Kelly Mine re 2023 AGM Purchase of Microphones and Portable 14ard Drive Purchases of Printer ink cartridges Meeting costs Purchase of external hard drive back up (156) (.312) (147) (287) (144) (.350) (.344) (i?()) (64) {.fji)) (115) (1.39) (115) (5()) (1.2()6) (1.196) Pag¢ 5
THE SOCIETY KOWETHAS TREVITHICK Financial Re ort to the AGM 2024 Illcome and Ex enditure CTross Income of £14,263 and Fxpenditure of £14,263 gives a breakeven for 2024. Income Subscriptions £IOJ94. Sheila has done some sterling work in calling in subscriptions from those whose Direct Debits are causing problems. Trevithick Day was a good day for us generating £368 on the stand and a further £147 in the bucket colleclion. During the AGM weekend, whilst we broke even on the cost of the dinner, we incurred £2$11 for the Room hirc for the A(iM which is partially offsLt by thL' sale of the A(iM notes for £8$ giving a net cost of £16S. The Puffin, Devil costs were new brakes for £72, heat resistant paint purchased for £48, pressure testing the boilLr £31)1), the storagL' of £3()11 and transport of the l.ocomotiv¢ to and from shows £312. 1.hcse costs werc paitially offset by £280 received for the appearance of thL engyine at St Buryan show and ihc 'freviihick Day in C.ambome. The Investment Ineome was created by the maturity of our deposits in June. I have since rc- invested a further £IOO,000 which matures in SeptLmber 2025. Sundry Income of £387 consists of cash collected at Camborne Show £80; St Buryan show £46; WI,'SF.S £114. sale of Sonia's cards £70 and collected at the talks £42 plus some sundry income £35 enditure The major expenditure is the Provision for Bad Debts of ,94fj which effectiv¢ly writes off the remainder of the Tor Mark Press outstandin&% debtor, as reported previously. The 2024 Journal has now been published and paid for at £2,992 Page 6 Working with C'ornwall's Indu.strial Arckaeolo Charitable Incorporated ()rganisalion No.. 1159639
Newsletter printing costs £1,004 are those incurred producing the 2024 Spring and Autumn Newsletters Postage costs of £1,968 include the charge of £330 by Royal Mail Group for the Post Office Box and refleci the large increase in posiage charges. Stationery costs of £867 are for Toner £3$1, paper £77, laser print membership cards £281 for Sheila, envelopes for Kingysley £114 and cost of fliers for Pete Joseph £44. Costs of Lectures at KLM and l.iskeard £382 are the speakers, fees of 44 and £314 room hire Insurance costs £793 are the annual Combined Fleritage insurance for the year together with £149 to insure the Puffin, Devil. The Camborne Show costs are the pitch rental of £78. Affiliation costs £49 are those of the society's membership of the AIA. Website costs at £94 are sligyhily down on last year. The Sundry costs are £1,206 paid for an upgraded version of 8hLila's mcmbership software £312. also, thc purchase of a new printcr and cartridges for Pete Joseph costing £426, subscription to Loom £156 and Sundry items of £312 Balance Sheet Whilst there are some gains and losscs in the Assets and Liabilities there is no change in the Total Net Assets or the Total Reserves of the Society when compared to the 2023 Balance Sheet. Page7 Worki2Jg Fwith eor2Jwall's IndustrislArchaeology Rc%. C,harity No. 246586 - P() Box 62, (;AMBORNF, TR14 7ZN . Establi8hed 1935