## TREGARGUS TRUST 2024 AGM CHAIRMAN’S REPORT THIS REPORT IS FOR THE YEAR ENDING OCTOBER 2023 THIS YEAR AS EVERY YEAR FOR THE TRUST HAS BEEN A HARD SLOG, KEEPING FINANCES COMING IN TO COVER THE NORMAL ANNUAL WORK THAT THE TRUST DOES IN MAINTAINING FOOTPATHS ETC, BUT STILL TRYING TO ACCESS FUNDS TO PROGRESS OUR WORK. AGAIN WE MUST THANK THE PARISH COUNCIL FOR THEIR SUPPORT IN GIVING US OUR ANNUAL GRANT. THIS ALWAYS HELPS TOWARDS OUR COSTS. THIS YEAR WE HAD A MEETING WITH MEMBERS OF IMERY’S TO ASCERTAIN OUR POSITION REGARDING THE LEASE WHICH IS RUNNING LOW IN YEARS FOR US. AFTER SOME TIME AND CONTACT FROM US ON SEVERAL OCASSIONS, IMERY’S FELT THEY COULD NOT GRANT US AN EXTENSION TO OUR LEASE AT THIS TIME. THE TRUST FELT THAT THIS DID NOT BODE WELL. AFTER SOME SERIOUS DISCUSSION WE FELT THIS DID NOT LEAVE US IN A POSITION WHERE THE TRUST COULD HONESTLY PROGRESS, WASTING TIME TRYING TO GET LARGE SCALE FUNDING TO BE TOLD, AS WE HAD, THAT OUR LEASE WAS NOT GOING TO BE LONG ENOUGH TO ACCESS ANY SUBSTANTIAL GRANTS. WE DO MANAGE TO KEEP THE DAY TO DAY WORKS DONE AND COVER THOSE COSTS. THE TRUST DECIDED THAT UNTIL WE HAVE ANY OTHER NEWS WE WOULD JUST MAINTAIN THE VALLEY THE BEST WE COULD. I WOULD POINT OUT TOO AT THIS STAGE WE ARE VERY GRATEFUL TO THOSE OF THE COMMUNITY WHO ALSO TAKE TIME TO COLLECT RUBBISH AND INFORM US OF ANYTHING OF CONCERNE. THIS IS A GREAT HELP TO THE TRUST AND GREATLY APPRECIATED. THE REDIRECTION OF THE PATH TO TAKE IT AWAY FROM THE SLIPPAGE AREA IS ALSO ON HOLD FOR THE TIME BEING. THE SLIPPAGE AREA IS BEING MONITORED AND NOT THOUGHT TO BE AN IMMEDIATE THREAT. WE HAVE MANAGED TO FUND SAFETY FENCING AROUND THIS AREA TOGETHER WITH ERECTION OF NEW SIGNS THROUGHOUT THE VALLEY AND ALSO THE CAPPING OF A CHIMNEY, SOME OF THIS WORK THROUGH SMALL GRANT HELP AND HAD NECESSARY TREE WORK DONE. THE SEATS AND PICNIC BENCHES ARE NOW IN THE VALLEY AND WERE GRATEFULLY RECEIVED BY THE COMMUNITY. THERE IS NO NEWS REGARDING THE EXTENSION TO THE LAYBY AND PARKING AREA AT THE TOP VALLEY ENTRANCE. WE SEEM TO BE AT A STALEMATE AS FAR AS THIS IS CONCERNED. THE FUNDING ISSUE WILL BE DEALT WITH BY OUR TREASURER BUT JUST TO SAY THAT THE BINGO SESSIONS HAVE CONTRIBUTED WELL TO THE FUNDS SO THANK YOU TO THE MEMBERS WHO ORGANISE THIS. INCLUDING OUR USUAL HARVEST FESTIVAL ETC.ETC. WHICH NOT ONLY RAISES MONEY BUT A CHANCE FOR THE COMMUNITY TO MEET UP ON THESE SOCIAL EVENTS. THERE HAS BEEN SEVERAL GUIDED WALKS IN THE VALLEY ORGANISED BY OUR MEMBERS WHICH IS VERY ENCOURAGING AND WE MUST THANK THOSE WHO HAVE BEEN WILLING TO SPEND TIME DOING THESE. IT BRINGS IN EXTRA FUNDS BUT ALSO CREATES AWARENESS ESPECIALLY WHEN YOU FIND THERE ARE STILL PEOPLE WHO ARE SURPRISED THAT WE HAVE SUCH A WONDERFUL ASSET. ALTHOUGH THE LEASE MATTER MADE US FEEL VERY DISSAPPOINTED AND SOMEWHAT DISHEARTENED, WE HAVE SOME GREAT NEWS.THE HAWKINS FAMILY WHO OWN CHAPEL MILL AND WITH WHOM WE HAVE BEEN TRYING FOR SOME CONSIDERABLE YEARS TO OBTAIN A LEASE FROM FOR THIS HISTORICAL BUILDING, HAVE AGREED TO GIFT THE PROPERTY. OBVIOUSLY PAPERWORK HAS TO BE DONE AND AGREED ON, BUT THIS HAS GIVEN THE TRUST A GREAT LIFT AND WHO WILL THEN ACTIVELY TRY TO ACCESS FUNDING FOR THIS WONDERFUL PROJECT. I WOULD LIKE TO THANK ALL THE COMMITTEE FOR THEIR CONTINUED SUPPORT TO ME IN MY POSITION OF CHAIRMAN. I FEEL BLESSED TO HAVE MEMBERS OF THE TRUST WHO ARE COMMITTED TO THE THEIR WORK AND WOULD ALSO SAY A HUGE THANKYOU TO THE OFFICERS ESPECIALLY FOR THEIR WORK IN KEEPING THEIR EYE ON AVAILABILITY OF GRANTS, THE LEGAL ASPECTS OF OUR WORK IN THE VALLEY AND THE POLICIES WHICH WE HAVE TO ADHERE TOO. I FEEL THAT THE COMING YEAR, WITH HOPEFULLY THE ADDITION OF CHAPEL MILL TO THE TRUST, WILL BE AN EXCITING ONE. Susan Morcom Chairman THE TREGARGUS TRUST CIO CHARtTY REGISTRATION NUMBER: 1165277 FINANCIAL STATEMENTS: BALANCE SHEET PROFIT AND LOSS ACCOUNT AND NOTES TO THE ACCOUNTS FOR THE PERIOO NOVEMBER 1" 2022 TO ocroBER 31ST 2023 PREPARED BY:. ROWEDOWRICK ASSOCIATES 7TRENOWAH ROAD BETHEL ST AUSTELL PL25 3EB TEL:. 01726 707LX) THE TREGARGUSTRUST CIO CHARITY INFORMATION FOR THE PERIOD ENDED OCTOBER 31" 2023 Chairman: Mrs S Morcom Treasurer: Mr5 M Allen Secretary.. Mrs K Wonnacott Registered Address: 68 Terras Road St Stephen St Austell PL26 7RX Charity Reglstration Number: 1165277 THE TREGARGUSTRUST CIO Accountlng records The trustees of a CIO are required to prepare finanoal statements for each financial year which give true and fair view of the state of affairs of the organisation as at the balance sheet date and of its income and expenditure for the year then ended. In preparingthose financial statements, the trustees are required to- selert suitable accountin8 polioes and then apply them conslstently make judgements and estimates that are reasonable and prudent The trustees are responsSble for keeping proper books of account such as are necessary to give a true and fair view of the organi5ation's state of affairs and to explain its financial transactions. The trustees must also establish and maintain a satisfactory system of control of its books of account, its cash holdin8s and all its receipts and remittances. and hen￿ is responsible for safe8uardin8 the asset5 and taking reasonable steps for the prevention and detection of fraud and other irregularities. Objects To advance the education of the public by the preservation and maintenance of the historic, domestic and industrial buildin8 Sites and artefacts situated in the Tre8ar8us Valley, Cornwall. Power The CIO has the power to do anything which is calculated to further its objects or Is conducive or incidental to doing so. Borrow money and to tharge the whole or any part of its property as securlty for the repayment of the money borrowed. Buy, take on lease or in exchange, hire or otherwise acquire any property and to malntain and equip it for use. Sell. lease or otherwise dispose of all or any part of the property belongin8 to the CIO. Employ and remunerate such staff as are necessary for carryin8 Out the work of the CIO. Oeposit or invest funds. employ a professional fund mana8er, arrange for the investments or other property ofthe CIO to be held in the name of a nominee. Appllcallon of Income and Property The income and property of the CIO must be applied solely towards the promotion of the objects. None of the income or property of the CIO may be paid or transferred directly or indirettly by way of dividend, bonus or otherwise by way of profit to any member of the CIO. THE TREGARGUSTRUST CIO PROFIT AND L055 ACCOUNT FOR THE YEAR I NOVEMBER 2022 TO 31 OCTOBER 2023 INCOME St Stephen Parish Council Grant Cornwall Community Forum RPA- Fundin8 Donations Social events Guided walks BBQ Co-op Community Fund Amazon Bin80 2023 2022 1195 230 3495 200 105 16 35 1082 13121 18 1288 5902 LESS: EXPENSES Contratt work Legal & Professional Equipment Fundraising Costs Insurance Printin8 Stationery & Postage Sundries NET PROFIT 17981 414 53 519 260 4575 360 7954 748 313 19462 16341} 14212 183101 LOSS FOR PERIOD OTHER INCOME Barclays complaint HMRC GIft￿d 75 277 352 92 i(x) ACCOUNTANT'S REPORT In accordance with instruttions given to me, I have produced. without audit, the above Profit and L05s Account and Notes to the Account from the accounting records of The Tre8ar8us Trust CIO, together with information and explanations supplied to me. I certify that, to the best of my knowled8e and belief, said Profit and Loss Account and Notes are in accordance therewith. DATED THIS 10 OAY OF 2021t Ms C O Dowrick MAAT.....................................-................................... . THE TREGARGUS TRUST CIO BALANCE SHE￿ AT OCTOBER 31ST 2023 2023 Assets: Barclays Community Account 10387754 Barclays Community Account 63092798 23945 TOTAL ASSETS 23946 Rin ed bud et for 2023 2024 Annual operational costs £8,OCKI (Includes unforeseen events) Match funding Isi8nsl £3,486 Match fundin8 (HE grant) £l,O(x) Total ringfenced £12,486 We have examined and approved the attached Profit and Loss Account, 8alance Sheet and Bank Reconclliation. DATED THIS IbQ-M DAYOF JANfUrtL 2024 Mrs S Morcom (Chairman) Mrs M Allen ITreasurer) us Trnst 1st N¢Y4ember 2022- 31st Octobef 2023 Bank recond15ation- Barda Commwn ftt 103B7754 Balance brgU8ht forward Recelpts: Expenditure.. Balance carried forward IAS per bank ststement 311101221 Tre s Trust CIO 1st N 8ank r￿On(lI1 - Bard 8alance BIF ar 22- O£lober 2023 A(C¢￿Thl 6￿192798 29.932.98 mun Cornwall Comrn Fund RPA Amjzon C Dowrick HMRCGIftAld St Stephen Parlsh Coun¢ll Barclays Clsh 4ccount 1195.C() 35.38 2LKI.CQ 277.46 29,932.98 75.Tr) 1883.35 13152.19 Éxpenditure- Brannel Rooms 100062 Complete Weed Control IIYX160 D N ott & Son l(KtrJ61 Rowe Dowrick ICth63 Zurlch Ins IOCQ65 Colln Firkin 100064 Sam Brown 54m Brown Complete Weed Control Sam Brown Wisdom Slgns Shaun Elton Complete Weed Control Roseland Lodge Wisdorn 5i8ns 160. 3tsJ. 1,296. 360.00 259.76 4.140. i.LD3.00 1,950.00 3CQ.CII 180.00 1.308.00 5,020.18 3CQ.00 379.33 2.186.40 19.139.67 Bal•n¢e as per statement 31.10.2022 23,945.50 43 085.17 £43 085.17 Tre us Trust 1st N¢)vember 2021- 31st ottobei 2022 Bank Recondllatlon- COIF De Fund 013290001 Balance brou8ht forward ACCOUNT NOW CLOSED TT Tru sh Accou Balance 8/F 31X).00 Bln80 float Soclal events 81ngo Guided walks Oonatlons 987.90 1082.20 ios.c 2205.10 Expenditure.. Cash to bank Pastle5 November speaker Admin Research costs Equiprnent Wheal l•n• Consu,'tsncv 1.883.35 114.75 25.00 75.00 12.00 41.00 Blngo Flo•t 2.205.10 8alan¢e as per cash account 31.10.2023 3CK).ChJ Blneo Float 2 505.10 2505.10 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to tho trustoesl mombors of US -QusY Li o On accounts for the year ended 3 1 OC-foeL-L 202 Charlty no Ilf any) I 165277 Set out on pag I report to the trustees on my examination of the acmunts of the above chanty {Ihe Twsf) for the year ended R•8pon•lblllll•• and bas1• ol rnport A8 the chartys tru8tees, you are responsible for the preparation of the a¢￿UnIS in accordance with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the ap￿ICable Directions given by the Charity Commission urKler section 145(5){b} of the Act. Independent •xamlner'8 statement u app￿￿. Delete [ ] rfnot 8ppliceble. I have completed my examination. I confimi that no material matter3 have come to my attention in connection wrth Ihe examination {other than that disclosed below ') which give8 me cau8e to beli8v8 that in, any material respect.. the accounting records were not kept in accordance with 8edion 130 of the Charities Art,. or the acmunts did not accord with the accounting records., or the accounts did r￿t comply with the applicable requirements conceming the fom and conlent of accounts set out in the Charitie8 (Accounls and Reports) Regulations 2008 other than any requirement that the acc¢wnts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come a¢rosJ 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. . Please delete the words in th8 brackets rf they do not 8ppty. Slgned.. Date: Nam•: LAEOLIWÉ bowKI C Relevant professlonal qualification(8) or body Ilf any): IER Oct 2018 Addro$8: Ic Agsoo Afo- s f AusiCLL L2f Section B Disclosure Only comp18t8 if th6 examinei needs to highlight mal8rial matters of concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiner8). Glve hern brlof detalls of any Items that the •xamlnor wl8h•• to d18clo￿. IER Oct 2018