RECEIVED 2 7 MAR MI Charity reuistration numbeT' I17?560 Gorran Haven Harbour Trust Annual Report and Financial Swements for the Year En¢kd 31 December 2023 Harland Accountants Ground Floor Unit 3 Southvi¢w House St Austell Ent¢rpris¢ PaTk St Austell Cornwall PL25 4EJ
Gorran Haven Harbour Trn$t Contents (continued) Reference and Administrative Details TN5tees' R¢porl 2to3 Statement of Trustees, Responsibilities Statement of Financial Activities 5106 Balance Sheet Notes to th¢ Finan¢ial Statements 810 18
Gorran Haven Harbour Trnst Reference and AdministratiTre Details Trustees G Fo%. Chaimlan J Winter. Vice Chaimian V Gouldsmith R Holmes C Lobb J Vercoe S D¢Cour¢ey N Biggs R Bunney F SaY S Williams Secrelary Oihtr Offleers S Williams. Harbourniasier G Grimshaw. As5i$tanl Harithnnasler F Durtn. Tre15urer ChArity Registraiion Number 1172560 Principal Office ?7 Trelisp¢n Park Drive Gorrnn Haven St. Austell Cornwall PL?6 6HX Accoun¢Mn15 Harland Ac¢ountants Ground Floor Unli 3 Southview HO9¢ Si Austell Enterprise Park Si Auslell Cornwall PL?5 4EJ Page I
Gorran Hatren Harbour Trust Trustees, Report The irustees present the annual rert toueiher with the financial siaremenrs of th¢ charity for the year ended J I December 2023. Objectives and gctivilies Objeets and ulm5 Gorran Haven Harbour TTUSts had i main objeciives during the perii)d being.. l } the mainienance. improvement, prot¢¢tion and conseThaiion of the Gorran Haven Harbour for the public benefit in local communiiies and for visiiors. 2) educating, infomiing and advising Ioc81 pwpl¢ and visiiors. )} the prumoiion ol'public saftey and the prevenlion of ¢rim¢. Piiblle beeIl Flundreds of local people and visitors enjoy the facilities offered by the harbour each year. This includes mooring. r15hing, sunbathing, sheltered 5wimmin& beach games. painting, phoiography. eic. All members of the public are permitted free a¢cess w the beach and quay. providing they comply with the basi¢ rules. The iNstees confiThn that ihey have complied with the requirements of seciion 17 of the Charities Act 2011 io have due regard to the public benefii guidance published by the Charity Commission for England and Wales. Lrse of vulunieer¥ Vtslunieers are an integral part of the lThsts ongoing opernlions throughout the year. Aehievements rrorgn¢¢ Tlie Fish¥nncln s Cellars ton51dnily needs mainiaining. Repair works were ¢¥rried out by members of the Trusi who Ireely gave their time and skills. This meani that the Tru$t'$ expendiNre for the maintenance was limited to mai¢rials only. The usuol annual events of the Gala Day and Lhy on the Sand were held this year. The Trust was able to put on an event to b¢ remembered. yel again. on Gala t>ay. The event was exlended t(Tr include live music on the beach wilh a pop-up licensed bar in the evening. The whole eveni was a greai success with visitor5. resident5 all having a good lime. This helped 10 raise funds for ihe Trusi. The Gala Day and Day on thc Sand was only made possible by the help and enthusiasm of volunteers helping on these days. This year we continued to maintain our CCTV camerag and also ensured that our websile functioned correctly. This was 10 ensure (hai we could maximise the Safety and Awareness of both our beach and harbour use. by all the members of Ihe public who enjoy the fr¢¢ acce$5 10 it all year. It 15 hoped Ihai ?024 will be another year where we will be able to coniinue with our nornwl ev¢nts to raise future Fund5 required. Page 2
Gorr2n Haven Harbour Trust Trustee5' Report (continued) FID&n¢lal revlew Poli¢y res¢np The ITus*es have aged io keep a minimum of £IO.(KK) in the bank accouni io cover a ye5 salari¢5 and em¢rg¢ncy repairs. PrincipalfuThdinK source5 Thc tharily's principal source of funds b5 lh¢ rrntal of mooring& sand space. boat w)und spaccs and loft sloring areas. Fun activiiics in thc summcr, hopc 10 InLIle the Gala Day and Day on Ihc Sond to again c()nlribulc lo raksing funds. The annual Tepon w&8 approved by the tnLqtees of the charity on 22 Mareh 2024 and signed on Its behalf by.. GFOX Trus¢¢¢ oijl Pagc 3
Gorron HAven Harbour Trnst Statement of Trustees, Responsibilitie$ Th¢ trustees arc Mponsihle for preparing the Inisiee8' rert and the financial sthtements in &L¥ordance with the United Kingidom Accounting Standards (United KiThgth)m Gcncrally Acceptcd Accouniing Prallicc} and applicablc law and rcgulaiioTL$. Thc laiv applicablc ¢0 chariii¢s requires ihc lo ptepxre financial sial¢mts for each financial y¢ar whhch give A twe and fair vtew of ihe %iate of affairs of ihe rhar¢ry and of the incoming Tesource5 and ipplicafion of rcsources oftl)c chariiy for that pcriod. In preparing ihcs¢ flnancial statemenrs. th¢ tee5 are rcquircd to.. elect 8Uitable accounting policies and then apply iheTn consi%ienily' obscrvc the mcihod$ and principlcs in the Chariii¢s SORP. make judgemenL8 aTKI estirnaies that are reasonable attd prudenr: slate whcthLY applicabl¢ ac¢ouniin8 Standards havc followed. subjcct to any material d¢ttu5 disclosed and cxplained in thc finanLial $tennIs. and prcparc Ihc financial siaicmcnis on lhc going c¢)ncem basis unlw it is inapproprialc lo presume ihal thc charily will Li)niinu¢ in husine%5. The tnjstees are responsible for keepinB proper Dc¢ouniing record8 ihol disclose with rea8onoble aeeuraey ar any tim¢ th¢ financial posiiion of the charity and enable them lo en%ure Ihai ihe financial *taiements coinply with the Charilics Act 2011. th¢ Chariiics {Accounis and Rcports) Regula11}5 21)08. and the provisions of Ihc ¢onsiiiuliOII. Th¢ Ini%lew% ar Ml¥o re%pL)n¥ible fi)r 58febwarding th¢ a&s¢ts of the eharity And henc¢ for takitt8 reftyonttble steps for thc preveniion and d¢tc¢tÈon of frdud and oihcT Irr¢8ularilic$. The iru$iee$ are rthponsible for the maintenance and iniegnry of the eorp)rnte and financial infomation included on Ihc Chariiablc LomnY,5 wcbsilc. Lc¥islaiion 8ovcrnin8 ihc preparniion and disminall0 or rinancial $lalcm¢n15 Inuy diff¢r froin le¥islalLon Ln jurisdi¥liuns. Approved by Ihc tru$t¢¢5 of Ihc charity on 22 MJr¢h 2024 and signcd on Its b¢haifby: G F()x Tru%tec Pa8c 4
Gorran HaTren Harbour Trust Statement of Financial ActiTrities for the Year Ended 31 December 2023 Tot#1 2023 Unrestricted Restricted Note Income and Endowments from: Donations and leJu cies Other rrading activities Investment income Other income 9.676 9.676 11,906 1.421 510 Total Income 510 24,791 Expenditure on: Raising funds Governance costs Oiher expenditure Total Expendiiure Nei income Gross transfers beiw¢ert fund5 (3.0801 117,0641 (3.0801 {17.0641 liOOI {300) {20.1441 13001 {20.4441 4.137 1170) 210 170 4.347 Nel movemeni in fund5 3.967 380 4,347 Reeoncili*tlon of fund$ Total fund5 brought forward 173.014 174.33? Total fund5 Caled forward 16 176.981 1.698 178.679 Total 2022 iinre$lricl¢d Re$lricled Ntste Income ¥Dd Endowments from: Donations and lecleS Other trading activitie5 Investment incom¢ Other income 9,875 11.854 213 7,30? 9.875 1.854 ?13 7.93? 630 Total Income 630 ?9.874 Expenditure on: Raising funds Chariiable activities Governance costs (2.997) (2,997) 110} {16,5?0) 18461 (16.5?01 Other expenditure {8461 Total Expenditure 119.5?7) 18461 ?O.J73) Net incomel{expendiiure} 9,717 {2161 9.501 The notes on pages 8 10 18 fom an inteJo dl part of these financial Statements.
Gorran Haven Harbour Trust Statemen¢ of Financial Actii'ities for the Year Ended 31 December 2023 {continued) Totul 2022 Unrestricted Restricted Note Gross transfers betwe¢n funds Net movement in ndS 9.7?9 {??8) 9,501 Reroncili¥lion or runds Toial funds brought fOard 16j.?85 1,546 164.831 Toial funds carried fonvard 16 173.014 All of the charity's activities derive from coniinuing operations during the abov¢ Thvo periods. The funds breakdown for ?0?? is shown in noie 16. The nores on pages 8 to 18 forni an integrdl part of these financial statements.
Gorran Haven Harbour Trust (Regislration number: 1172560) Balance Sheet as at 31 December 2023 21123 2022 Note Flxed Asiets T8ngihlL as%L 12 89,180 91,286 Current $$ets Dcbtor5 Cash ai bank and in hand 13 14 1.599 88.725 1.586 83,015 90.324 84,621 Cr¢dltsrJ: Amounti flllnE due ivlthln yeAr 15 825) I l.S7S1 i et current a5yelJ ¥9.499 ¥3,046 .%¢t assets 178,679 174.332 Funds of the ¢harlty': Restrleted- Thc Big Ccllar MJint¢na¢¢ Fund 1.698 UTrreitrleied Ineom¢ funrt$ Unre¥lri¥i¢d 176.9%1 173.n14 To*#1 fundj 16 178.679 174.332 Th¢ financial st#t¢m¢nLS on pay 5 to 18 were approved by the trUtt$. 4nd 8Uthoris¢d for issue on 22 March 2024 and $igned on their behalf by.. GF(I S Williams Secreiary F Dunn Treasufer Th¢ ¢5 on pagcs 8 to 18 f(mn an iniegral pan ofthcse financial statcmcnts. Pa8e 7
Gorran HaTr¢n Harbour Trust Notes lo the Finaneial Statements for the Year Ended 31 December 2023 l Aeeounting polit1¢5 Statement of compliance The financial statements have been prepared in accordance wilh th¢ sKond ediiion of the Charities Staiemeni of Recotnmended Practice issued in Ociober ?019. the Financial Rep)rtin4y Standard applicable in the United Kingdom and Republic ol- Ireland (FRS I O?) and rhe Chari(ies Aci 2011. B#sis of preparation Gorran Haven Harbour Trusi meers ihe definilion of a public benefit eniiry under FRS 102. The accounts (financial slatemenisl have been prepared under ihe hisiori¢al cost convenlion with irems recognised ai cosi or tran5aciion value unless otherwise s(aied in the relevant not¢(s) to these accounts. Goin% conetrn The Irusiees consider thai there are no material uncertainties aboui the charity's ability io ¢onlinue as a going concern. Income Bnd endowments Voluniary inLoine includinu donations. gifts, legacies and grants that provide core funding or are of a general nature is reco¥>nised when the charity has entiilemeni io Ihe income, li is probable ihai ihe intome will be received and Ihe amouni can be measured wilh $utTicienl reliability. Di1nl/ll11.$ leKacleF Donations and legacies are recognised on a re¢¢ivable basis when receipt is probable and the amount can be reliably measured. Gruiil.s rerelvable Grants arc reco¥JnL5¢d when the charity has an eniiilement 10 the funds and any conditions linked io the grants have been m¢t. Wher¢ perforynance condi(ions are attached to the grant and are yel ¢0 be met. the income is reco¥nised &$ a liability and included on the balance sheet &% deferred income to be released. IIive.Ftnieni Income Dividends are recognised once the dividend has been declared and notification has been received of ihe dividend du¢. Expenditure All expenditure is recognised once there L5 a legal or constructive obligaiion io thai expenditure, it is probable seirlement is required and the amount can be measured r¢lÉably. All costs are allocated w rhe applicable expenditure heading thai aggregaie similar cost5 to that categ(Trry. Where costs cannoi be direc(ly attributed tts particular headings they have been allocated on a basts con51St¢nt with ihe use of resources. with central staff costs allocated on the basis of lime 5peni. and depreciation charges alloCad on ihe ponion of the as5et'5 U5¢. Oth¢r sUPPOrt costs are allocated based on the spread of staff cosls. Page
Gorran Haven Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (¢ontinyed) Rfii.fingfund.¥ Th¢s¢ ar¢ costs incuTred in atiraciing volunrary income. the management of inveslments and those incurred in trdding activities that raise nds. Cliftriluble arlivilies Charttable expenditure ¢omprises those costs incuJTed by (he charity in ihe delivery of its activitie5 and s¢rvic¢s for its ben¢liciari¢s. li includes boih costs th can be alloCad direcily such acthvilies and those costs of an indirect natur¢ n¢c¢ssary to support ihem. Support costs Support costs include central functions and have been allocated to activity cost ¢8tegories on a basis consistent with the use of resources. for e.¥ample. allocaiing property costs by floor areas, or per capila, staff costs by the tiine spent and other cosis by their usage. Coverngnce costs These include the costs artributsbl¢ io the ¢harity'$ compliance with consiituiional and sta¢uiory requirements. including audit. strategic management and trustees meetings and reimbursed expenses. T8x8tion The chariry is considered io pass the i¢$is sei oul in Parngraph I Schedule 6 of the Finance Ac£ 20?2 and therefore it meeis the definition ora charitable company for UK corporJlion lax Purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains e1Ved wiihin caie¥ories covered by Chapter 3 Part I I ol. the Corporation Tax Act ?0 l O or Section ?56 of the Taxalion of Chargeable Gains Act 1993 to the exieni that Such income or ¥ains are applied e.x¢lusively lo ¢hariiable purposes. Tgngible fixed 855ets Individual fixed assets costing £150.00 or more are initially recorded at cosi, less any subsequent accumulated depreLiaiion and 5ub5¢qU¢lli ac¢urnulaied impairnient losses. Depreciation and amorti58tion Deprectation is provided on tangible fixed assets so as io wriie off the cost or valuation. less any ¢stimated residual value, over their expected useful economic life as follows.. A55et elxss Buildings Plant and machinery Computer equipment FixtUTes and fittings Depreeiatlon method #nd rate ?O/o on cosi 20¥0 on cost 200/0 on cost 200/0 QTh Cost Cash and cash equivalent5 Cash and cash equivalents comprise cash on hand and call deposits. and other short-iemi highly liquid investments that are readily convertible to a known atnount of and are subject to an insignificant risk of change in value. Page 9
Gorran Hydven Harbour Trust Notes to tbe Finaneial Statements for the Year Ended 31 December 2023 (continued) Fulld 5tructurt LJnr¢siricied income funds are general funds ihai are available for use at the tNst¢cs discretion in rth¢rance of the objeciives of the charity. Restricted income funds are ihose donated for use in a particular area or for srrtifi¢ purposes. the use of which is resiricied to that area or putpose. Page 10
Gorran HaTr'en Harbour Trust Note$ to ¢h¢ Financial Statement5 for the Year Ended 31 Deeember 2023 (continued) 2 Income from donations and legaci¢s Unrestricted funds General Total funds Donations and legaci¢s,' Donations from individuals Donations from communiry groups Gift aid reclaimed 9,002 9.002 5?3 Total for 2023 9,676 9.676 Tol31 for 2022 9.875 9.875 3 Income from other trlding #ctivities Unrestrieted funds General Tutal funds Membership subscTlpiions Moorin¥> and visitor fees 1.367 10.544 1.36? 10.544 Total for 2023 11,906 11.906 Total for 2022 11.854 11.854 4 Inve5¢m¢nt income Unrestricted fund5 Genernl Total funds Interest receivable and similar income; Interest receivable on bank deposits Total for 2023 1.278 Totgl for 2022 213 213 Page 11
Gorran Haven Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 5 Other income Unrestricted rund5 General Restricted futhds Total fund5 Renial income Big Cellar maintenance ¢ontribulions 1.421 510 510 Total for 202J 1.4?] 510 1.931 Tot41 for 2022 7.30? 6iO 7.932 6 Expenditure on raising funds al Costs of generxting donations and legacies Unrestrlcted funds Gener#1 Tot#1 (und5 Note Donations 3.080 3,080 Total for 2023 3,080 3.080 Tot#1 for 2022 ?.997 2.997 Pag¢ 12
Gorran Haven Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2023 {continued) 7 Other expendilure Restricted fund5 Total funds Note Other re50ur¢¢s ¢xp¢nded 300 300 Total for 2023 JOO JOO Total for 2022 846 846 8 An4lysls of governance and support costs Governance cos15 Lnrestricted funds G¢ner•l Total fund5 Siatl ¢o$is Wage5 and salaries Independenc examiner fees Other fees paid io examiner5 Depreeiatioft. amortisaiion and other similar costs Oiher governance ¢osts 7.613 7.613 8?5 3.203 3.?03 Total for 2023 17.064 17.064 Total for 2022 16.520 16.5?0 9 Trustees remuneratlon and eipen5es No iTU51ee5, nor any persons connected wilh Ihem. have received any remunerdtion from the chariry during the year. 10 Staff cost5 The aggre¥ate payroll costs were as follows.. 2023 2022 St8ff co$t5 during the ye8r were: Wages and salaTie5 7.613 7.518 Page 13
Gorran HaTren Hydrbour Trust Notes to the Financial Statements for the Year Ended 31 December 2023 {continued) The monihlj awerage number of persons lincludints senior tnanaD¢tneni / leadership team) employed by the chariry during ihe )ear expressed as 11 lime equivaletlts was as follow5.. 2023 2022 No Employees No employee received emoluments of more than £60.000 during the year Page 14
Gorran Haven Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) I l Ta¥ation Th¢ charity is a registered charity and is iherefore exempt from t&xation. 12 Tangible fixed avsets Land and buildin25 FurTtiture and equiptllL'nt Total Cost At l January 2023 Additions Disposals 100.i)00 17.397 1,098 117.397 1.098 At 31 December 20?3 100.o(NJ 11.695 111.695 Depreciation Ai l January 20?3 Charue for Ihe year Eliminated on diswsals 12.0¢)0 ?.000 3,?04 16.8001 6.8001 A131 December ?0?3 14,000 8.515 Net book VAlt At 31 December ?013 86.0(NJ 3.180 89.180 Ai 31 De¢¢mber 202? 88.0(Y) 3.280 13 Debtors 2023 2022 Prepaymenis Gif¢ aid recoverable 1,449 150 357 1.599 1,586 14 Cash 8nd cash equival¢nl$ 2023 2022 Cash ai bank 83.035
Gorran Hai'en Harbour Trust Not¢$ to the Financial Statements for the Year Ended 31 December 2023 (continued) IS Creditors: *mount5 falling due within one year 2023 2022 Accruals 87 j 1.57) Page 16
Gorr#n Haven Harbour Trust No¢¢s to the Financlal Statements for the Year Ended 31 December 2023 {continued) 16 Funds Balan¢¢ al Balanfe at I Januarv 2023 Incoming resources Roources expended December 2023 Transfers Unrestricl¢d General 1173.014) (?1 ?01) 17.064 170 (176.9811 Restricted- The Big Cellar Mainlenace Fund (1.3181 510) 300 1701 1.6981 Tot#1 funds 1174.ii_ 17.364 (178.6791 Balance at B#lanee at I J¥nuary 2022 Incomin8 resources Resources expended December 2U22 Transfer5 Unr¢5tricted Genernl {163.285) {26,2471 16.530 (173,0141 Restricted (1,5461 630 846 Total funds 164.831 {?6.8771 17.376 1174,332 The specific purposes for which ihe funds are lo be applied ar¢ as follows: The restricted fund is ihe Big Cellar Mainienance Fund. thi5 fvnd 15 re5tri¢ted purely for the maintenance of th¢ big cellar for use by the Trust and the other users of the big cellar. 17 Analysis ofnet asse¢5 b¢twttn funds Unrestrieted fund5 Gtneral Total funds at 31 December 2023 Tan4ible fixed assets Current assets 89.180 89.180 90.3?4 1875 {8?51 Toial nei assets 178.679 178.679 Page 17
Gorran Haven Harbour Trust Notes to the Financial S¢a¢¢meDts for the Y¢ar Ended 31 December 2023 (continued) Unrestricted fund5 General Total funds at 31 December 2022 Tanuible fixed assets CuJTent asset5 Current liabilities 91,286 84,6?] {1.5751 91.286 { I,)75} Total net assets 174.3i2 174.33? 18 Analysis of net funds At31 Decetnber 2023 At l January 2023 Fin#neirt2 efish flow5 Cash ai bank and in hand 83.035 5.690 88.7?5 Nei debi 8i.Oi5 5,690 88.795 Ai31 December At I ,l#nu8ry Fin4ncing eash 2022 now$ 2022 Ca$h at bank and in hand 73.957 9,083 83,035 Net debt 73,95? 9.083 83.035 Page 18