GWEALAN TOPS ADVENTURE PLAYGROUND A Charltable Incorporated Organlsatlon Charlty No. 1177542 Company No. CE013529 Trustees, Report and Unaudlled Accounts 31st March 2025 PryorBegent Fry& Co 97 Meneage Street Helston Cornw211 TR13 8RE Page I
Independent Exalniner's Report to the Trusteeg of Gwealan Tops Adventure Playground I report on the accounts of the Trust for the year end¢d 3 ia March 2025, which are set out on the attached pages. Respective Responsibllitles of Trnstee5 and Examiner As th¢ Charity's Trustees you are responsible for the pr¢paration of tbe accounts, YOU Lonsider that tt]e audit requir¢m¢nt of section 43(2) of The Charities Act 1993 (The Charities Act) does not apply. It is my responsibility to state. orA the bilsib of procedures specified in the General Directions given by the Charity Cornmi.%sioners under section 43(7)0)) of Thc Charities ACL whether particular rnatters have come to my attention. Basi$ of Independent ExAminer'$ Report My exan]ination was carripAI out in accordanLe with the General Directions given by the Charity Commissioners. An ¢xamination iacludes a rcview of the accounting records kept by the Charity and a comparison of thc accounts presented with those records. It also includes consideration of any unusual items or disc105urcs in the accounts and sccking explanations from you As TnteeS concLming any such inatters. The procedures undertaken do not provide all the ¢vidence that would bL requircd ia an audit, and con8equently I do not express an audit opinion on the view given by the accounts. Independent Examln¢rt$ Statement In connection with my examittation, no malter has come to my attention: (i) which gives me reasonable cause to b¢lieve that in any material respect the rcquir¢mcnl$: To keep accounting r¢cords in accordance with section 41 of Th¢ Charities Act). and to prepare accounts which agr¢c with the accounting records and coinply with th¢ Count requirements of The Chariti&8 Act. have not been met. or (2) to which, in my opinion, attention should be dwll in order to enable a proper und¢rstanding of the accounts to be reached. A..J. Fry FCA CHARTERED AcCoTANT 97 Meneage Street Helston Ctsmwall TR13 8RE Pa8e 2
GWEALAN TOPS ADVENTURE PLAYGROUND
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE013529
Charity No. 1177542
Registered Office
Gwealan Tops AP School Lane Redruth Cornwall TR15 2ER
Trustees
The following Trustees served during the year: Elizabethe Williams Catriona Venner De Cortez Joanna Howard Karl Gaunt Elizabeth Barrett Margaret Tremayne
Key Management Personnel
Play Project Administrator - Kerry Raymond Playground Manager - Bridget Handscomb Playground Manager - John Fitzpatricl‹
Accountants
Pryor Begent Fry & Co 97 Meneage Street Helston Cornwall TR13 8RE
Bankers
Co-Operative Bank 7/8 St Nicholas Street Truro Cornwall TR1 2RL
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GWEALAN TOPS ADVENTURE PLAYGROUND Statement ol Flnanclal actlvllles Forthe year ende(131st March 2025 Unrestrlcted Fun Restrlcled Funds 2025 Totsl Funds Notes 2025 2025 2024 Income and Endowments from: Donallons and Legacles Chaiitable Actlvltles Investments 5.522 34,723 5,522 303,869 2.624 218,806 809 269.146 Total Income 40.245 269.146 309,391 222,239 Expendllure On: Charltable actlvltles 55,202 164,957 220,159 208,914 Total expendlture 55.202 164.957 220,159 208,914 Netlncome -14,957 104.189 89,232 13.325 Translers between Funds 94.893 .94.893 Netlncome beforeother galnslllossesl 79.936 89,232 13,325 Reconclllatlon of Funds Total funds brought lonvard 127,799 9,210 137,009 123,684 Total Funds carrled lOard 207,735 18,506 226,241 137,009 The statement of financial activilies includes allgains and losses recognised In the year, All income and expendlture (Jerlve from contlnulngactivities. Page 4
GWEALAN TOPSADVENTURE PLAYGROUND Balance Sheetas ai 31st March 2025 2025 2024 Notes Tanglblg A$s9ts io 105,307 45,516 CurrentA55et5 Debtor5 and prepayments Cash èt bank and In hand 122,676 122,676 104.356 104.356 Cunent Llabllltle5 Creditors. amounts lalllng due wlthln 12 months li 1,743 12,863 Net CurrentA55ets 120.933 91.493 TotalAs8et$ le55 current Llabllltles 226.240 137.009 Restrlctod Fund5 Restrlcied Income Funds 12 52.607 9,210 Unrestrlcted Funds General Funds Deslgnated Funds 12 173,633 127,799 173,633 127,799 Total Funds 226,240 137,cK)9 For the year ended 31st March 2025 The accounts Illnanclal statements) have been piepared In aceordancewith the Statementof Recommended Practlce.. Accountlng and Reporting by Chartiies preparing their accounts In accordance wlth the Flnanclal Reportlngstandaro appllcable In the UK and Republlc of Ireland IFRS1021 Issued In Ociober 2r119 and the Flnancial Reporting Stan(Jard appucabte In ihe Unfted Klngdom and Republlc ol Ireland IFRS1021 and The Chartties Act 2011 and UK G¢nerallyAecepted Practice as rt appues from I January 2019. The accounts Ilinanclalstatementsl have been prepaied tofft a kne and fair view and have departed from The Charttles (Accounts aTrd Repots) Resulations 2008 only to the extent required lo provide true and faIreW Thls departure has involved following Accountlngand Reportlng by Charities.. Statement ol Recommended Practice applicable to Charittes preparfngthelr accounts In accordancewith the Flnancial reportyng Standard applicable in the UK and Repubuc of Ireland IFRS1021 issued In October 2019 lather than the Accounting and Reponlngby Charfties: Statement ol Recommended Practlce effectlve from l April 200S which has since been wr(hiJrawn. These flnanci81 ststements wereapproved by theTeeS On behalf of the Tru5tees...... Name....... JI.LLI.A14S................... Page 5
GWEALAN TOPSADVENTURE PLAYGROUND NOTES TO THE ACCOUNTS 11} Prln¢lpal Accounllng Pollcles The principal accountlng pollcles adopted in the pparatiOn of the tinancial statements are set out below and have remained unchanged ftom the previous year. lal Basls of PrBparatlon The Charlty conslilute5 a public benefit enltyas deflned by FRS102. The flnancial statements have been prepared In accordance wth Accouniing an(i Reponlng by Charities. statement ol Recommènded Practlce appllcable to Charlties preparlngtheir accounts In accordance wlth the Financial Reporting Stan(iard applicable in the UK and Repubknc of Ireland IFRS1021 and The Charitles Act 2011. Ibl Fund Accountlng lil Unrestrlcted tunds are avallable lor use atthe dIScreOn olthe T(ustees In furtheranGe ol the Eeneral objecllves of the Charfty. lill Deslgnated funds are unrestrlcted ndS earmarkèd bylhe Management Committee for particular purposes. (illl Restricted funds are subjected io resirlctlons on their expendlture imposed by the donor orthrough the lerms of an appeaL 1¢) Income Income Is incluL1ed In the statement of financlal actfviiles when ihe chadty Is entltled lo the income and the amount can be quantified wilh reasonable accuracy. The followlng speclflc pollcies are applied to particular caiegories ol Income. 111 Income recelveé by way of grants, t1onatlons and gifts Is Included in lull In th8 Statement ol FinanclalActivtties when recelvable. Grants, where enlltlemenl is not condliional on the delivery of a speciflc performance by the Charity. are recognised when the Charlty becmes unconditionally enlltled to the grant. lill Donated seNlces and facllitlos are included at the value to the Charltywhere thls can be quantilled. 11111 The value of SeICe5 piowded byvolunteers has not been Included In these accounts. Ilvl Investment income Is Included when recelvable. Ivl Income from charitable tr8dlng actlwlty Is accounted forwhen earned. Ivil Income from granis, where related to performance and specific deliverables. are accounted for a5 the Charity earns the right to consideration by its pertomance. Idl Expendltuve Expenditure Is recognlsed on an accrual basis as a Uability Is Incurred. Expenditure Includes anyVAT which cannot be fLtlly recovered 111 Costs of generating funds comprise the costs assoclaled wlth attraGlingvoluntary income and the costs of tradlngfor fundraislng purposes. 1111 Charitable expendtture compdses those costs Incurred tythe Charlty In the delivery of its actlvltles and servlces for its beneficiarles. It includes both costs that can be allocale¢J directlytD such aCt[tIeS and those costs of an indirect nature necessaryto support them Iliil All costs are allocated between the expendtture categories of the SOFA on a basis designed to reflect the use of the resource. Costs relatingto a particular actiwty are allocated diTectly, others are appO"oned on an appropriate basis. Page 6
GWEALAN TOPS ADVENTURE PLAYGROUND NOTESTOTHEACCOUNTS lel Nxed Asset$ Tangible fixed assets costing £250 are recorded at cost. then are written off ovei the expected useful Ilfe off the asset- Office Equipment 25% straight ilne basls Plant and Equipment 2S% straight line basls {fl Trade and Other Debtors Trade and other debtors are recognlsed al the settlement amount due afterany trade discount. Prepayment5 are valued at the amDunt prepald net of any tiade dlscounts. {gi Trade and Other CredltDr$ Short term creditors are measured at transactlon prlce. Other creditors an¢ provisions are recogn15ed wheie the Charlty has a present obligatlon resultinE from a past event that wll probably result in the Iransfer of funds to a third party and the amount due to settle the obligatlon can be measured or estimatsd reliably. Credltors and provlsions are normally recognised at thelrsettlement amountaftei allowing fortrade dlscounts. Ihl Penslon Costs The Charity operates a defined contribution pian for Its employees. A deflned contrlbution plan Is one under whlch the company pays flxed conrlbulions into a separate entlty. Once the contributions have been paid the company has no further payment obligations. The conlrlbutlons ale recogn15ed as expenseswhen theyfall Oue. Amounts not paid are shown as accrua15 in the balance sheeL 111 Statement ol Cash Fir>ws The Charlty is exempt from preparing a statement of cash flows on the grounds that It Is a small charlty. 121 Status Gwealan Tops Adventure Playground Is a Reostered Charlty INO. 11775421 and15 also a Charltable Incorporated Organls8tlon ICE0135291 {31 Ststemant ol Flnanclal A¢tl¥ltle$- prlor year Unrestrlcted Funds 2024 Restricted Funds 2024 Totsl Funds 2024 In¢ome Income and endowments from: Oonatlons and Legacies Ch8rktable Activltles Investments Total Income 2,624 218,806 36,472 809 39.905 182.334 182.334 222,239 Expendlture Charitable Activitles 39.750 169.164 208,914 Total Expenditure 39,750 169,164 208,914 Net Income 155 13,170 13,325 Transfer between Funds Reconclllatlon of Funds Total Funds broughtforward 55,064 -55,064 72.580 51,104 123,684 Total Funds Carried Forward 127.799 9,210 137,009 Page 7
GWEALAN TOPS ADVENTURE PLAYGROUND NOTES TO THEACCOUNTS 141 Income frorn Donatlons and Legacles Total 2025 Total 2024 5,522 5.522 2,623 2,623 {51 Income from Charltable Actlvltles Unrestricted Resiricted Total 2025 Total 2024 Grant Income.. The National Lottery Icommunlty Fund Cornwall Community Foundation IHIFI Communlty Levelllng Up- Icornwallcounclll Feeding Britlan The Natlonal Lottery IA4A) CommunSty Chest- B Ellenbrook New Llberal Hall Ltd HAF-Tlme2Move LlnnetTrust Clalre Milne Garfield Weston CIL Capital (Cornwall Counclll Asda Beinard Sunley Fou Redrulh Charlty Trust CCF Mlnlng Fund Icomwall Councll} Prlmary Purpose Tradln8'. Rental Income 66,250 6.486 18.815 5.950 19,468 66,250 6,486 18,815 5,950 19,468 63,148 9,200 61,636 350 5,000 24,500 7,000 30,295 30,295 10,000 10.000 93.705 2,677 5,000 500 10,000 10,000 93,705 2,677 5,000 500 10,000 1,500 12,177 12,177 14,704 Other Charllable Income 22,546 34.723 22.546 303,869 24,392 221,430 269,146 161 Income from Investments Total 2025 Total 2024 809 809 Page 8
GWEALAN TOPS ADVENTURE PLAYGROUND NOTES TOTHE ACCOUNTS {7) Expendlture Charitable ActlvitSes Totsl 2024 Charltable Aetlvltles Waste Disposal Health & Safety Play Resources Food Support Costs Wages Casual Staff NIC &PAYE Pensions Sialf TiainSng Tiavel & Subslstence Rent & Rates Light, Heat & Power Insurance Repalrs & Renewals Telephone & Fax Prlntlng, Postage & Statlonery Subscrlptlons SundryExpense5 Cleaning Marketlng & Promotlon Consultancy Fees Legal & Professional Fees Dopreclation Governance CD5t5 2,765 1.158 1.915 4,250 2,104 3,359 1.970 5,285 124.716 124,702 10,137 1.625 3,236 2,677 921 458 6,884 2,657 5,944 6,339 5,270 1,262 913 152 5,671 2.657 3,434 876 1,166 459 798 145 41 4,164 699 8,890 181 18,398 27 4,550 15,168 337 35.102 Accountancy Fees Independent Exarnlnatlon of the Charltys Accounts 1,172 800 220,159 2,121 850 208,914 181 Net Income Belore Translers 2025 2024 Thls Is stated after charging: Depreciation ol flxed assels 35,102 18,398 Page 9
GWEALAN TOPS ADVENTURE PLAYGROUND NOTESTO THEACCOUNTS 191 Employee Informatlon 2025 2024 Number ofemployees No employee received emoluments of more than £60,000. The average monlnly numberof employees duringthe year were ¢alculated on average head crjunt. Salaries and wages Employérs Nl Penslon costs li li 124,718 6.339 5,270 136,325 124,702 1,625 3,236 129,563 Key Management Personnel The total employee benellts of key management personnel 35000 38,738 1101 Tangible Flxed Assets Offl¢e Equlpment Plant & Equlpment Total Co$t or Revaluatlon As at IstAprll 2024 Addltlons As at 31st March 2025 113,662 94,893 208,555 113,682 94,893 208,555 Depreclatlon and Im palrment At 315t March 2024 Depreclation charge for the year31st March 2025 At 31st Narch 2024 Net Book Values Atmaich 2025 68.146 35.102 103,248 68,146 35,102 103,248 105,307 45,516 105,307 45,516 Atmarch 2024 2025 2024 1111 Credltors Falllng due wlthin 12 months Trade Credltors Taxes & Social Security Other Creditors 1,666 9,997 1,200 12,863 Accruals and leferred income 1,300 1.743 Page 10
GWEALAN TOPS ADVENTURE PLAYGROUND NOTES TO THE ACCOUNTS
| (12) Movement in Funds Restricted Funds HAF - Time2Move The National Lottery (Community Fund) Garfield Weston New Liberal Hall Ltd Community Levelling Up - Cornwall Council Cornwall Community Foundation - HIF Feeding Britain CCF Cornwall Council CCF National Grid Claire Milne CIL Capital (Cornwall Council) Asda Bernard Sunley Foundation Redruth Charity Trust The National Lottery - Awards for All Total Unrestricted Funds General Funds Designated Funds Long term reserves Capital Total Funds |
Balance at 1st April 2024 £ - 16,625 1,400 1,000 -18,816 9,000 - - 9,209 43,283 39,000 45,516 - 127,799 137,008 |
Income 2025 £ 30,295 66,250 10,000 0 18,816 5,950 1,500 4,985 10,000 93,705 2,677 5,000 500 19,468 269,146 40,245 - - 40,245 309,391 |
Expenditure 2025 £ -26,920 -66,250 -10,200 -1,000 -9,000 -3,750 -1,500 -4,985 -250 -5,000 -500 -1,500 -130,855 -54,202 - -35,102 - -89,304 -220,159 |
Transfers 2025 £ - - - - - -94,893 - -94,893 - - 94,893 - 94,893 - |
Balance at 31st March 2025 £ 3,375 16,625 1,200 0 0 0 2,200 0 9,750 -1,188 2,677 0 0 17,968 |
|---|---|---|---|---|---|
| 52,607 | |||||
| 29,326 0 39,000 105,307 0 |
|||||
| 173,633 226,240 |
Purpose and restrictions in relation to the funds: Restricted Funds: Cornwall Community Foundation - HIF Health Improvement Fund to provide health & wellbeing services HAF - Time2Move Holiday Activities Fund from Time2Move The National Lottery (Community Fund) Core organisational funding from The National Lottery Community Chest - B Ellenbroek To support youth provision in Redruth The National Lottery - Awards for All To run a young volunteers programme Garfield Weston To support core running costs New Liberal Hall Ltd To provide food for the local community Community Levelling Up Cornwall Council New Industrial Standard kitchen Feeding Britain To provide childrens meals to low income families Asda To provide gardening spaces and opportunities Bernard Sunley Foundation To help improve community buildings Claire Milne To support inclusive opportunities for children with disabilities CCF (Community Capacity Fund) Cornwall Council To develop plans for sustainability CCF (Cornwall Community Fund) National Grid To provide meals and warmth CIL ( Community Infrastructure Levy) Cornwall Council To develop an inclusive play and garden area
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GWEALAN TOPSADVEPUURE PLAYGROUND NOTES TOTHE ACCOUNTS Designated Funds.. Lon8Temi Resetves A reserye consIded prutjent by the Trusiees to be kept separaielyto usual workingcapttal. Capltal Fundto complywth the CharltySORP reiatlngto fund5 Used to purchase capitaL Thls matched to depreclatlon annually. 1131 Analysls ol Nel Assets between Funds Unrestricted Funds Restrfcted Funds Total FIx8d Assgts Net current assets 105,307 68,325 173,632 105,307 120.933 226.240 53.607 53,607 1141 Trustees Inlormaiion Trustees remuner8tlon and expense5 The Trustees recelved no remuneiatlons and were noi Involved In any reiared paty transactlon. {151 Related Party Dlsclosures CoAtrolUngpaty The organisation IscontroLLed by the Trustees (shown on paqe 11 and no slngle paty ¢ontroLs the Charlty Page 12