STUART HOUSE TRUST A charitable Incorporated Organisation Charity Registered Number 1175842 REPORT & ACCOUNTS For the year ending 31 December 2023 STUART HOUSE TRUST Address Stuart House Barras Street Liskeard Cornwall PL14 6AB Web Address www.stuarthouse.org.uk ififo SÉUdfthouse.ot E-Ernail Bankers Uoyds Bank plG The Parade Liskeard Cornwall Solicitors Coodes 10,Windsor Place Liskeard Cornwall PL14 BH Independent Examiner DJ.Hilton 3, Tremadart Close Duloe Llskeard Cornwall PL144PX STUART HOUSE TRUST Contents Dirertors Report Independent Examinerfs Report Receipts & Payments Account Assets & Liabilities Notes to the Accounts STUART HOUSE TRUST Directors Bob Hollingdale- Chair Susan Glencross- Hon. Secretsry Tony Britton - Hon Treasurer John Gliddon Kevin George Jenny Chester Directorfs Re ort. The Director5 present thelr Report and Accounts for the year to 31 December 2023 Histo of Stuart House. Stuart House (the House) is a Grade 2* Ilsted medieval town house dating from the 15 century and is located In the centre of Liskeard in Cornwall. It is one of the very few such houses left in Cornwall. The House is thought to have been bullt by Sir Henry Trecarel and became home to the Jane family during the I￿ century. Joseph Jane was Mayor of Liskeard In 1635- 1636 and an ardent supporter of Charles I who stsyed at the House for seven nights durlng August and September 1644 - a Stsy which gave the House its present name. Joseph Jane's son. William, who was born in the House In 1645, became Regius Professor of Dlvinity at Oxford University and played a part in The Glorious Revolution of 1688. The maln feature of the House is the Cross Passage which runs East/west with its original. granite arch at the west end. The maln entrance door inside the porch 15 the best evidence of age and is pre or early Tudor which dates it from the 15 centuryi long before Charles I's vlsit in the 1641Ys. Other features of the House include three granite fireplaces. the most impresslve being in the Receptlon Hall, a fine 18 century staircase. IP century roof timbers, which were exposed in the Yrussed" and trud0￿ rooms* granite mullioned windows. slate floors and a "secrev, passage belleved to have led to the old Pipe Well in Fore Street before a roof fall blocked IL STUART HOUSE TRUST Restoration The Stuart House Trust (the Trust) was set up in 1986 to negotiate the acquisition of the House and to establish and run it as an Arts and Heritsge Centre. The Trust acquired the House in 1988 with the help of grants from Engllsh Heritage. the Rural Heritage Commission and others. Between 1988 and 1999 restoratlon work was undertaken, in seven phases, under the directlon of Rlchard Churth RI￿ an archftect experienced in working on old buildings. By the end of 1999 all the restoration work was completed and this was soon followed with basic furnishings together wlth the reconstruction of the Kin¢s bed chamber to Illustrate the visit of Charles I" in 1644. Since 1988 the Trust has undertaken the restoration of the garden to a design prepared by the Cornwall Garden5 Trust and has opened the House to the community as an Arts and Heritsge Centre for exhibitions lec￿re$, meetlngs and as a venue for a number of local groups. Governin Document The Trust was governed by a constitution orlglnally adopted on the 25 April 1985 which was later amended, the flnal amendments bein8 agreed on the 24 Aprll 2LKI7. Subsequently the Trust became a Charftable Incorporated Organisation (CIO) and its constitution is dated 20 November 2018. Ob"ects of the Trust The objects of the Trust as quoted in its constitution are:. l) To renovate. preserve and maintain for the public benefft the property known as Stuart House. Liskeard. 2) To advance the education of the public In history• particularly the hlstory and heritsge of Cornwall and the history of Stuart House. 3) To advance the publlc In the arts. In particular but not excluslvety by continuing to develop and promote the House as an Arts and Heritage Centre for South East Cornwall. Ownershi Ownership of the House Is reglstered with the Land Reglstry in the name of Stuart House Trust. STUART HOUSE TRUST Achievement of the Trust's Ob"ectives The Directorfs report shows that all of the Trusvs objertives are being achieved as far as possible in a difricult year. Maintaining a property of thls age is an ongoing task and that, together with keeping a healthy bank balance are major considerations for the Dirertors. 2023 has been a busy year tying rfrbuild footfall to pre-covid leve15 and conslderable progress has been made with exhibitions of local artists work, craft work and being Involved In various Llskeard event rth the openlng of the old Ilbrary building and other cafes in town there is increased competition. However the Stuart House café continues to do well. thanks In very large part to the team of volunteers who help regularly. Our grateful thanks to all of them. Craft sales, art exhibitions by local artists and various other attractions bring visitors to the House and some civic events- e.g. the Town Cryers, annual gathering and visitors from other reglons both home and overseas have been hosted in house. The garden continues to be a big attraction, especially in fine weather and we are enormously grateful to the garden team who maintsin it to such a high standard. The cost of maintsining and heating a building which is over year5 old Is an ongoing challenge and the current economic dimate is such that it is proving difficult to generate sufficient Income to cover costs as the accounts show. Inde endent Examinerfs Re ort to the Directors of Stuart House Trust I report on the accounts of the Trust for the year ended 31" December 2023 whlch are set out on pages 7 and Res ective res onsibilities of Directors and Examiner The Dlrectors are responsible for the preparation of the accounts. The directors conslder that an audit is not required for this year (under section 43(2) of the Charities Art 1993 (The Act) as amended by section 28 of the Charities Act 2006 and that an Independent examination is needed. It is my responslbillty as Independent Examiner to:. 1> Examlne the accounts (under section 43 of The Act as amended 2) To follow the procedures laid down in the general dirertions given by the Charity Commissioners (under section 43(7)(b) of The Act as amended 3) To state whether any particular matters have come to my attention Basis of the Inde My examination was carried out in accordance with the general dlrections given by the Charity Commissloners. An examination Indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disdosures in the accounts and seeklng explanatlons from the Directors concerning such matters. The procedures undertaken do not provide all the evldence that would be required In an audit and consequently I do not express an audit opinlon on these accounts. endent Re ort Inde endent Examinerfs Statement In the course of my examination no matter has come to my attention:. l) Which gives me reasonable cause to believe that, in any materfal aspect, the Directors have not met their requirements to ensure that:_ Proper accounting record5 are kept (in accordance with section 41 of The Act) and Accounts are prepared whlch agree with the accounting records and comply with the accounting requirements of The Act or iii) To which. in my opinlon, attention should be drawn In order to enable a proper understsnding of the accounts to be reathed. Derekj. Hilton B.Sc. Date OE) 09 3, Tremadart Close. Duloe. Liskeard, Cornwall PL14 4PX Stuart House Trust nts for r to 31 December 2 23 2022 2023 1,397.C(I 8,189.59 L67520 1.202. 5,9M03 rh)noEkns 3.469.IX) 1.73138 -7925 4.160 Evert5. Gr05S L161.98 .16L60 1.IXA)J8 13.929.gJ -2,41322 18.845 .33IW IS,529 67659 5hop5tr￿5 1.752.70 426.41 9Z 2,667. o.(x) 3124811 TotslRxe*ts 29.93&64 62734 831.64 5,271.64 6,288.09 2.374.51 151.98 1.60 173Ag PrintirgPostage&Slatio TelephoDe& Internel Heatin&Lihtw¥& Watsr Cloanittg 703.35 4,B49 6,78&63 928.67 Equlpment 17.¥2 305ts7 214A4 330.33 39&70 235. IOA77J3 I£3￿$5 186.co 5tsff Twakn• 3.Pth.51 InswrarKe 3.4￿( 31.96L13 TotslPaymeTrts 30.7x26 -712.92 -817.62 2L246Ity1 20.5U 20.533.IZ Cash Fundscd. Fmr. 19.71&9) 12.670.&1 7.862.32 1178*99 7,93131 20,533.J2 TotalFund5 19.71&Y) sruART HOUSE TRUST ststement of Assets & Liabilitles as at31 December 2023 2022 Cash Funds ILn4 7,862 20￿33 Total Cash Funts 19.715 77.941 477 175 1.607 77J41 Totsl OtherAssets So￿24 I￿.733 Totsl Assets 99.739 UABIUTIES IrMI,733 Ilet of Assets &Uiabllltles 739 Chalmian SQ5fiFJ Notes to the Accounts fot the ear to 31st December 2023 l) Accountin Policies These accounts have been prepared on a receipts and payments basis in accordance with United Kingdom accounting standards and Charity Commissions Statement of Recommended Practice (SORP) Donations. subscriptions, room hire and café takings continue to be the most important source of income for the Trust. Fund raising events make a valuable contribution and the Directors continue to seek ideas to improve sources of income with more events and attrartions to encourage greater numbers to vislt the House. 3) Repair, maintenance and equipment costs are written off in the year in which they were incurred. 4) Grants During the year the no grants were received. 5) The value of Stuart House shown in the accounts represents the acquisition cost plus the costs incurred in the exposure of the south wall. It is unlikely that this value could ever be reali5ed. 6) The computer and printer are shown in the accounts at cost less 10% depreciation p.a. 7) Stock represents goods purchased for sale in the Trusvs shop and is valued at cost. Liabilities 8) There are no significant liabilities.