Charity registration number.. 1172560 Gorran Haven Harbour Trust Annual Report and Financial Statements for the Year Ended J l December 2024 Harland Accountants Ground Floor Unit J Southview House St Austell Enterprise Park St Austell Cornwall PL25 4EJ
Gorran HaTr"eD Harbour Trust Contents (continued) Reference and Administrative Details Trustees, Report 2to3 Statement of Trustees, Responsibilities Statement of Financial Activities 5t06 Balance Sheet Notes to the Financial Statements 8t0 15
Gorran HaTr"eD Harbour Trust Reference and Administrative Details Truslees G Fox, Chairnian J Winler, Vice Chairnian V Gouldsmith MFOX R Holmes C Lobb J Vercoe S Decourcey N Biggs R Bunney F Sabey S Williams Secretary Other Officers G Grimshaw, Harbournlaster F Dunn. Treasurer Charity Registration Number 1172560 Principal orriee 27 Treli5pen Park Drive Gorran Haven St. Austell Cornwall PL26 6HX Accountants Harland Accountants Ground Floor Unit J Southview House St Austell Enterprise Park St Austell Cornwall PL25 4EJ Page I
Gorran HaTr"eD Harbour Trust Trustees, Report The trustees present the annual report touether with the financial statements of the charity for the year ended 31 December 2024. Objectives and activities Objec15 and aim5 Gorran Haven Harbour Trusls had J main objectives during the period being: l) the maintenance, improvemenl. proteclion and conservalion of the Gorran Haven Harbour for the public benefit in local communities and for visilors. 2) educating, inforniing and advising local people and visitors. J) the promotion of public saftey and the prevention of crime. Public benefit Hundreds of local people and visilors enjoy the faciliiies offered by the harbour each year. This includes mooring, fishing, sunbathing, sheliered swimming. beach games, paintin& phologrdphy.. etc. All members of the public are pemiitted free access lo the beach and quay, providing they comply with the basic rules. The trustees confirn) that they have Complied with the requirements of section 17 of ihe Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Use of volunleer5 Volunteers are an integral part of the trusts ongoing operations throughout the year. Achievement5 and performance The Fisheman's Cellars constantly needs maintaining. Repair works were carried out by members of the Trust who freely gave their time and skllls. This meant that the Trust's expenditure for the maintenance was limited to materlals only. The usual annual events of the Gala Day and Day on the Sand were held this year. The Trust was able to put on an event to be remembered. yet again, on Gala Day. The event was extended to include live music on the beach with a pop-up licensed bar in the evening. The whole event was a great success with visitors: residents all having a good time. This helped to raise funds for the Trust. The Gala Day and Day on the Sand was onl). made possible by the help and enthusiasm of volunteers helping on these days. This year we continued to maintain our CCTV cameras and also ensure that our website functioned correctly. This was to ensure that we could maximise the Safety and Awareness of both our beach and harbour use, by all the Members of the public who enjoy the free access to it all year. It is hoped that 2025 will be another year where we will be able to continue with our normal events to raise futiire funds required . Financial review Policy on reserves The trustees have agreed to keep a minimum of £IO.(K)O in the bank account to cover a years salaries and emergency repairs. Page 2
Gorran HaTr"eD Harbour Trust Trustees, Report {continlled) Principalfunding source5 The charity's principal source of funds is the rental of moorings, sand space. boat pound spaces and loft storing areas. Fun activities in the summer, hope to include ihe Gala Day and Day on the Sand to once again contribute to raising funds. The annual report was approved by the trnstees of the charity on 25 February 2026 and signed on its behalf by: SIGNED SECURELY 2410212026 at4'.18=30 PM UTC GFOX Trustee Page i
Gorran HaTr"eD Harbour Trust Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees. report and the financial statement5 in accordance with the United Kingdom Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice) and applicable law and regulations. The lalv applicable to charities requires the trustees to prepare fmancial statements for each financial year which give a true and fair view. of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to= select suitable accounling policies and then apply them consistently- observe the methods and principles in the Charitie5 SORP- make judgements and estimates that are reasonable and prudent- state wheiher applicable accouniing standards have been followed subject to any material departures disclosed and explained in the financial $teMentS- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounling records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008. and the provisions of the constitution. The trustees 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. The trustees are responsible for the mainlenance and integrity of the corporate and fmancial inforniation included on the chariiable companv's website. Legislation governing the prepardtion and dissemination of financial statements may differ from legislalion in other jurisdictions. Approved by the trustees of the charity on 25 February 2026 and signed on its behalf by.. SIGNED SECURELY 24102r2026 at 4'.18'.30 PM Ufc GFOX Trustee Page 4
Gorran HaTr"eD Harbour Trust Statement of Finaneial Aetivities for the Year Ended 31 December 2024 Total 2024 Unrestricted Restricled Note Income and Endowtnent5 from: Donations and legacies Other trading activities Investment income Other income 8.591 8.591 13,475 1,711 425 1,711 425 Total Income 425 24,202 Expenditure on: Raising funds Charitable activities Governance costs Other expenditure (J,229) (50) (17,694) (J,229) (50) (17,694) (433) (433) Total Expenditure (20,973) (433) (21,406) Net incomel(expenditure} Gross transfers between funds 2.804 (170) (8) 170 2,796 Net movement in funds 2,634 162 2,796 Reconciliation of funds Total funds brought forward 176,981 1.698 178,679 Total funds carried fon¥ard 16 179,615 1.860 181,475 Total 2023 Unrestricted Restricled Note Income and Endoivment5 from: Donations and legacies Other trading activities Investment income Other income 9,676 11,906 ,278 1,421 9,676 11,906 1,278 1,931 510 Total Income 24,281 510 24,791 Expenditure on: Raising funds Governance costs (J,080) (17.064) (J,080) (17,064) (300) Other expenditure (300) Total Expenditure (20,144) (300) (20,4LM) Net income Gross transfers between funds 4.137 (170) 210 170 4,347 Net movement in funds i80 The notes on paue5 8 to 15 form an integral part of these financial statements.
Gorran HaTr"eD Harbour Trust Statement of Financial Activities for the Year Ended 31 Deeember 2024 (continued) Total 2023 Unrestricted Restricled Note Reconciliation of funds Total funds brought forward 17J,014 1,318 174,3J2 Total funds Caled forward 16 176,981 1.698 178,679 All of the charity's activitie5 derive from continuing operation5 during the above two periods. The funds breakdown for 202J is shown in note 16. The notes on paue5 8 to 15 form an integral part of these financial statements.
Gorran HaTr"eD Harbour Trust (Registration number: 1172560) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assels Tangible assets 12 89,180 Current assets Debtors Cash at bank and in hand 1.786 94,588 1,599 88,725 14 96,374 90,324 Creditors: Amounts falling due within one year 15 (1,092) (825) Net current assets 95,282 89,499 Net assets 181,475 178,679 Funds of the charity: Restricted- The Big Cellar Maintenace Fund 1,860 1,698 Unrestricted income funds Unrestricted 179,615 176,981 Total funds 16 181,475 178,679 The financial statements on paues 5 to 15 were approved by the trustees, and authorised for issue on 25 February 2026 and signed on their behalf by: SIGNED SECURELY 2410212026 #t 4..18..30 PM UTC GFOX Trustee The notes on paue5 8 to 15 form an integral part of these financial statements.
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Iland (FRS 102) and the Charities Act 2011. Basis of preparation Gorran Haven Harbour Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the hisiorical cost convention M'ith items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. Going concern The trustees consider that there a no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Volunlary income including donations. gifts. le£acies and grdnls that provide core funding or are of a general nature is recognised Th'hen the charity has entiilement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations ond legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entiilemeni to the funds and any conditions Ilnked to the grants have been met. Where perfonnance conditions are attached io the grdnt and are yet to be meL the income is recognised as a liability and included on the balance sheet as deferred income to be released. Investment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. 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 heading that aggregate similar costs to that categorv. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raisingfunds These are costs incutTed in attracting voluntary income: the management of investments and those incurred in trading activities that raise funds.
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Charilable activities Charitable expenditure comprises ihose costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs thai can be allocaied directl), to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central funclions and have been allocaied to activity cost categories on a basis consistent with the use of resources, for example, allocating propeity costs by floor areas, or per capita. stsff costs by the time spent and other costs by their usage. Governance costs These include the costs attribuiable to the charity's compliance with constitutional and statutory requirements. including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2022 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter J Part I l of the Corporation Tax Act 2010 or Section ?56 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charltable Purposes. Tangible fixed a55ets Individiial fixed assets Costing £150.00 or more are initially recorded at cost, less any Subsequent accumulated depreciation and subsequent accumulated impairment losse5. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost OT valuation, le55 any estimated residual value. over their expected useful economic life as folloH's- Asset class Buildings Plant and machinery Computer equipment Fixture5 and fittings Depreciation method and rate 20/0 on cost 200/0 on c05t 200/0 on c05t 200/0 on c05t Cash and Cash equiTr'alents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a know'n amount of cash and are subject to an insignificant risk of change in value. Fund slruelure Unrestricted income funds are general funds thal are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 9
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 2 Income from donations and legacies Unrestricted funds General Total funds Donations and legacies; Donations from individuals Donations from cotntnunity groups Gift aid reclaitned 7,950 500 141 7,950 500 141 Total for 2024 8,591 8,591 Total for 2023 9,676 9,676 3 Income from other trading activities Unrestricted funds General Total funds Membership subscriptions Mooring and visitor fees 1,780 11,695 1,780 11,695 Tot21 for 2024 13,475 13,475 Total for 2023 11,906 11,906 4 Investment income Unrestricted funds General Total funds Interest receivable and similar income- Interest receivable on bank deposits 1,711 1,711 Total for 2024 ,711 1,711 Total for 2023 1,278 1,278 Page 10
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 5 Other income Unrestricted funds General Restrieted funds Total funds Big Cellar maintenance contributions 425 425 Total for 2024 425 425 Total for 2023 1,421 510 1,931 6 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Total funds Note Donations 3.229 Total for 2024 Total for 2023 3.080 Pagell
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 7 Other expenditure Restricted funds Total funds Note Other resources expended 433 433 Total for 2024 433 Total for 2023 JOO 8 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Staff costs Wages and salaries Independent examiner fees Other fees paid to examiners Depreciation, amortisation and other similar costs Other governance costs 7,800 7,800 1,092 2,987 5,815 1,092 2,987 5,815 Total for 2024 17,694 17,694 Total for 2023 17,064 17,064 9 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. 10 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries 7,800 7,613 The monthly average number of person5 (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents wa5 as follows: 2024 2023 Employees Page 12
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) No employee received emoluments of more than £60,000 during the year I l Taxation The charity is a registered charity and is therefore exempt from tsxation. 12 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At l January 2024 100,000 11,695 111,695 At J l December 2024 loo,000 11,695 11,695 Depreciation At l January 2024 Charge for the year 14,000 2.000 8,515 987 22,515 2.987 At 31 December 2024 16,000 9,502 25,502 Net book value At 31 December 2024 84,000 At J l December 202J 86.000 89,180 13 Debtors 2024 2023 Prepayments Gift aid recoverable ,495 291 1,449 150 1,786 1,599 14 Cash and cash equivalents 2024 2023 Cash at bank 94,588 88,725 15 Creditor5: amount5 falling due within one year 2024 2023 Accruals ,092 825 Page li
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 16 Funds Balance at 31 Deeember 2024 Balance at January 2024 Incoming resources Resourees expended Transfers Unrestricted General (176,981) (20.548) 17.744 170 (179,615) Restricted - The Big Cellar Maintenace Fund (1,698) (4?5) (170) (1,860) Total funds (178.679) (90,973) 18,177 {181,475) Balance at 31 December 2023 Balance at I Januarv Incolning resources Resource5 expended 2023 Transfers Unrestricted General (173.014) (21,201) 17,064 170 (176,981) Restricted (I,J18) (510) 300 (170) (1,698) Total funds (174,J32) {21,711) 17,364 (178,679) The specific purposes for which the funds are to be applied are as follows: The restricted fund is the Big Cellar Maintenance Fund this fund is strICted purely for the maintenance of the big cellar for use by the Trust and ihe other users of the big cellar. 17 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2024 Tangible fjxed assets Current assets Current liabilities 86,193 96,374 (1,092) 96,374 (1,092) Total net assets 181,475 181,475 Page 14
Gorran HaTr"eD Harbour Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Unrestricted funds General Total funds at 31 December 2023 Tangible fixed assets Current assets Current liabilities 89,180 90,324 (825) 89,180 90,324 Total net assets 178,679 178,679 18 Analysis of net funds At31 December 2024 At l January 2024 Financing cash flows Cash at bank and in hand 88,725 94,588 Net debt 88,725 94,588 At31 Deeember 2023 Ai l January 2023 Financing cash nows Cash at bank and in hand 83,035 5,690 88,725 Net debt 5,690 88,725 Page15