## **Chair’s Report 2025** The last 12 months of the charity have been pretty full on and manic. We purchased a property, 12, Tresawls Road, in Truro which is situated within easy walking distance of Treliske Hospital and is opposite a bus stop and a few yards (meters) away from from a Spar shop that is open 20 hours a day 7 days a week. The property had to be gutted and put back together again and the Charity made a favourable application for a Levelling Up Fund Grant from Cornwall County Council to assist in the speeding up of the project. I have to point out at this point the Trustee PM started the application going which was completed by Trustee TR who also did a fantastic job of Project Managing the total overhaul of the property and ensuring that time and budget restrictions were met. Without TR on site this project would never have happened so the whole trust is eternally grateful to him and the amount of time he invested in ensuring the project would open on time. The Island Haven (Treliske) opened on Saturday the Twenty First of June this year and has started offering its services to islanders and our visitors from that date. Those who have used the facility have raved about it and are thrilled by what they fine when they stay. We employ a Manager, Cleaner and Handyman to ensure that is much needed facility stays in tip top condition. Fundraising continues a pace to ensure that the rest of the charities goals can be started when funds allow. In Truro the first five bedrooms are in place and are being fully utilised so it’s all hands to the pumps for Phase 2. This is to expand the Truro facility and look at the feasibility of a small unit in Penzance as more facilities open up at the West Cornwall Hospital based in that town. All of this work, over the last year, has been really exciting with all of its challenges, ups and downs but there has been sadnesses as well. On a personal basis loosing three very valued Trustees has been very difficult. PM, SH and DG decided, for fully valid reasons, to step down once the Haven opened for business. PM, a founder Trustee, has done so much to maintain the integrity, level thinking and progressive drive of the Trust, together with her tireless work in obtaining the larger corporate investors in the Trust since it first started. She will be greatly missed and a very tough act to follow. SH guided our meetings and also played a great part in raising funds, not only personally but in making sure collection boxes were regularly changed and emptied. I have worked with SH over a number of years in different organisations and will miss her input and steadying hand. What can I say about DG, his corporate financial input, professional guiding hand and prodigious sense of humour has added so much to this consortium. I give my heartfelt, personal, best wishes to all three and say, you will all be profoundly missed and THANK YOU for all the monumental amount of work and dedication that you have input into this vital community project. Finally, I must thank the remaining Trustees for the unstinting work that they have contributed, and still are contributing, to the Trust. Without PG and TR this project would not have been anywhere near finished let alone up and running. Your support throughout this year has been vital so thank you very much. It is exciting news…we are about to install two new Trustees in the next couple of weeks but more about them in my next year’s report. tg _**Chair**_ _**The Island Haven (Treliske).**_ THE ISLAND HAVEN (TRELISKE) TRUSTEES, REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31st JANUARY 2025 Charity No: 1187928 THE ISLAND HAVEN (TRELISKE) REPORT AND ACCOUNTS CONTEKrs Trustseg Report Ind•p•ndent Examine<5 Report Statement of Fin•Kial Acimtles Balance Sheet Notes to th• Accounts 10-13 THE ISLAND HAVEN trREUSKE) TRUSTEES, REPORT FOR ThE PERIOD ENDED 31StJANUARY 2025 The trustee5 are pleased to present their annual report together wlth ihe flnanclal Statements of the charity forihe period ended 31" January 2025. The financial statement5 have been prepared in attordance with the accounting policies set out in note I to the accounts and comply wtth the charitws trust deed. the Charities Art 2011 and Aecounllng and the Charities Statement of Recommended Practlce (second edition} and Financial Reporting Standard FRS 102. Summary of the obJe¢ts of the (hartty set out In Its 40v¢rnI￿ document The aims of ihe chartty are ihe relief of those in need by reason of ill health or other disadvantage. for the public benefit,. by establishing, operatlng and supporting home from home accommod￿lon in Cornwall for, particularly but not exdusively. patient5 from the Isles of S¢illy and those providin8 them support when attending a hospital or clinic in Cornwall. 5￿M*ry ¢f th* main artivities undertaken for the publlc beneflt In relatlon to ihese oble(ts 2024 has seen significant developments In the thaFitie5 aims, The original offer of land on the Treliske Campu5 wa5 Wlthdrawn by RCHT some time ago but the alternatlve offered by RCHT by lolnSng them was a150 vlthdrawn during the year as the cost of their build exceeded £7.2 million for the 18 bedrooms proposed. A far cry from our offer to put 20 bedro¢)ms ¢n the ground initially oflered for £1.2 million. However, thi5 Year has seen our charity purchase a house, within a short walking distance of the hospttal, that will be the Island Haven. We applled for a Communlty Levelllng Up Program, Ihrough CoTnwall County Council. to aS515t with the total refurbishment of the property and were very lucky to be granted the maximum amount available. The pur¢hase of ihe property has cemented the purposes of the ¢harFty In people's mind5 and dwr5 have suddenly opened because people can see something solid in the charities aims and 8oals. In a sense new life 15 being breathed into the charity whith is fantastic. At this point, having outlined the charities main activrties foi the year. I need to polffl out that the charity would not be in the position It Is today w￿hOth ihe fantastic input of Trustee Tim Reeve. Tim has not onfy masierminded the property cOnVers￿D by Project Managing the whde of the property design, plannin& conversion, refurb and build but ha5 also handled the paper%vork forthe CLUP Grant with restraint and great aplomb. None of us, a5 hi5 fellow Trustees, could have undertaken this level of dedication and devotlon that rim has glven to thls projecl and we glve him our very gratefvl thanks. The Island Haveh charlty now Ic4)ks forwardto the Coming year when we will be able to open ihe dTr)r5 to offer the Intended service that was outlined at the infcial meeting set up several years past by Dr Adrlan Davis. This year also saw input from many quarters. It was hoped that members of the community would have some practlcal Snput but thai ha5 proved difficult because of travel and accommodation. Paul Lewls from Island Carpets hasloid all the floorin810 date and done a famastlc Job. Those people who work tirelessly fundraising all need tts be thanked. Parti¢ularihanks need to go to sheila Thomas who has worked day and nighi to raise funds since th¢ charity started but has done particularly well this year. Trustee Pat Matthews has a150 made fantaslic roads Into raising large surns 1hrou8hout ihis year. as she does at all times bLrt agaln this year has been exceptional. THE ISLAND HAVEN fTREU5KE) TRUSTEES. REPORT (CLintlnued> FOR ThE PERIOD ENDED 31" JANUARY 2025 The trustee5 w15h to extend thelr gratefvl thanks to all ihose who have donated, collected or generally helped durlng this year. Thank You tsjl. Summaryofthe m4Sna¢hl￿ernents ofih•chiritydurin8th¢ y•r Purchase of 12 Tresawls R03d Flrst legacy payment very gratetully received. CLUP Grant received. Recognftlon of the charily by the Ouchy of Cornwall, Tim Reeve project manages the re(rJnstTUCtion of 12 Tresawh road. Hearts Together vlsft property to giwe advi￿ forthe future. BBC showing great interest in the Charity. Publk Benefit Statsment In shaping the objectivesfor the perM)d and planning our a¢tlvltles, the trustee5 have ctsn5idered the Charity Commlssion'$ guidance on public benefit, including the guidance 'public benefit.. running a charfty IPD2}'. The athievements and actlvlties above demonstrate the publlc benefit arising through the Charitrfs a¢tlvltles. ReseNes Pollcy The Dirertors consider tt prudent to maintain an adequate balance of unrestriJed funds to cover the ch8rit(s contrartual Commltments and ideally would like these to be at a minimum level of between 3 and 6 rnonth5 annual expenditure. The trustee5 collsider that the Charitvs reserves will enhance the servlces provSded and provide financial securty for the future. The charlty dr)sely monltors the level of expenditure by the use of management and financial controls and aims to increase the level of reserves. FINANaAL REVIEW The statement of Financial Actwities showed a net surplus for the peri¢d of £357,941 (2024.. surplus of £80,715) and total reswes not invested in capital assets Stand at £213,796 {2024'. £328,823). Durlng the year ending 31st January 2025, signifKant funds were used io complete the pur¢h35e of a property which was capitalised as a frAed asset for a purchase value of £310,315 ènd essential renovations to make the property Usable were c3Pitalised for an amount of £161,154. Additit)nal capital assets for fixtufes and fumÈture were incurred for £13,742 sTrucruRE, GOVERNANCE AND MANAGEMENT Gov*rnlng dwum•nt The charity is re￿￿ered as a Charltable Incorporated Qrganlsatlon. The tharity wa5 registered on 13 February 2020 under registration number 1187928. THE ISLAND HAVEN rrREUSKE) TRusfEES' REPORT Icontlnued) FOR THE PERIOD ENDED 31"JANUARY 2025 Appolntm*nt of trustees The chair of the trustees is nomlnated by the othertrustees. The Board of Trustee5 have power to appolnt additional Trustee5 as il considersfit to do so. The Trustees have no beneficial interest in the wmpany other than asmembers. Trustee inducllon and trahlng The Trustees maintain a good working knowledge of charity law and best practise by regular readlng of charity press articles and SCTuiiny of the Charity Commlssion, oiher Government 3nd voluntary organisation advSsory websites. New Trustees attend an induction session given by an experienced Trustee. Rlsk management The Trustees have identrfied the major risks to which the Is exposed, and conslder ihat ihe systems whlch are in pkce are adequaie to mltlgale th05e risks. Oryènlsatl¢)n81 struclure During the year ending 31"January 2025, the Twstees rnet on a regular basis to review the actlvltles of the charity and to review and approve the accounts. Volunteers AH aafvltles take place thanksto the effort of a dedI￿ted team of volunteer5 and supporters. REFERENCE AND ADMINisfRATIVE DEfA113 OF THE CHARITh, ITS TftLISTEES AND ADVISORS Charlty number". 1187928 Operntit)Dal address.. Running Llnes. S HuBh Street. si. Mary's, 151es of Scilly TR210LL Trurtees: Timothy Guthrie Ichartty chalr) Patricia Matthews Perran Ga¥ David Grottick Susan Hcd8son Tlmothy Simon Reeve (Appolnted OV10120181 (Appointed OVIQI20181 (Appointed 26103120181 (Appointed 26103120181 (Appolnted 28103120181 {Appointed IU01120241 Bankers: LLyods Bank Independent Examlner: Isles of Scllly Accounlancy and Tax se￿Ice$ THE ISLAND HAVEN ITrELISKE) TRUST£es' REpoirr qcontlnuedl FOR THE PERIOD ENDED 31¥1 JANUARY 2025 Truslee5' r•5pon$ibllftles In relatlon lo the16nanclal statements The charity trustees are responslble for preparlng a Trustees, Annuol Report and flnanclal statements in accordan￿ with applicable law and United Kingdorn kcounting Standard5 Iunited Kin8dom Generallv Accepted Accountin8 Practice). Thè law applicable to charftles In England and Wales requires ihe eharlty trullees to prepare financial statements for each year which 8ive a Irue and fair view of the state of affairs of the charity and of tht incunin8 resources and application of resource5. of the eharfty for that period. In preparlng the finandal statements, the trustees are required to.. Select 5Ultable accounting policies and then apply them consistently,. Obserye the method5 Ind principles in ihe applI￿ble charitie5 SORP; Make judgements and estimates that are reasonable and prudent,. State whether appllcable accounting ￿andardS have been followed. subiect to any material deparlure5 that mu51 be diKlosed and explained in the financial statements,. Prepare the flnancial statemems on the going con￿rn basls unless It Is inappropriate to presume Ihat the charity will continue in business. The trustee5 are responsible for keeping proper accountin8 records that disdose with reasonable aceurary at any time the finanaal positiDn of the charity and to enable them to en$￿￿ that the financlal staternents comply with the Charstie5 Act 2011, the applicable Charities IA¢count5 and Reports) Regulations. and the provis￿n$ ol the Trust deed. They are also responsible for safegLJarding the assets of the thartty and taking reasonable steps forthe preverrtion and detection of fraud and other irre8ularf(ie& The trustees are responsible for the MaIntenan￿ and integrity of the charity and financial informati¢ included on the chariws website in accordance with lew-51ation in the Unried Kingdcm goveming the preparation and dr5semination of financlal statements, APPROVAL Thls report was approved by the Trustees on O and si8ned s)n its behalf.. Tlmothy Guthrie- chair of Trustees INDEpENDEr￿ EXAMINE￿$ REPORT ON THE ACCOUNTS TO THE TRUSTEES OF THE ISLAND HAVEN (TrEUSKE) I report to the trustees on my examinatlon of the accounts of THE ISLAND HAVEN miELISKEI for the year ended 31" January 2025 Respon51bllittes and ba515 of report As the charity trustees of the Trust. you are responsible forthe preparatlon of the accoums in acwrdance with the requirements of the charitie5 Act 20111.the Act"). I report in resped of my exafflination of theTrust's accounts carried out under 5e¢tion 145 of the 2011 Acl and in carrying Out my examin￿10Th, I have followed the applicable Dlrertlons glven by the Charity Commisslon under sectlon 14515)Ibl of the Act. Independent examlner's statement I have rDmpleted my examination. I confirm ihat no material rnatttrs have corne to my in connectlon with the examlnatlon whid) glves me cause lo believe that in, any material respect: attounting record5 We￿ not kept in attordance with section 130 of the Act or the actounts do not accord with the accountlng records I have no concems and have come att05s no other matters In connection with the examinatSon to whlch attention should be drawn in orderto enable a proper underslanding of the accounts to be reached. £.. Q.16L EAMON WALSH FCA, cfA ISLE5 OF saLLY ACCOiH4TANCY AND TLX SERVICE5 CHARTERED ACCOUNTANT Reglstered Office Address 82A JAMES CARTER ROAD, MILDENHAL Bufty ST. EDMUNDS. ENGLAND, M128 7DE Date August 25 2025 THE ISLAND HAVEN (TRELISKE) srATEMENT OF FINANaAL AcnvrriES FOR THE PERIOD ENDED 31st JANUARY 2025 UnrestrKt Funds Total 2025 Total 2024 Income Grants, Donatlons and Legaa•$ Income from FundraSsing Events Tolal Income 363,433 10,488 373,921 363.433 84,655 373,921 84,656 Expandltur• Cost of Raising Fund ExPend&￿re on Charstable Aclivitses Total Expondbture 126 15,854 15,980 15,854 15,864 3,940 Net (expend1￿re> and net movement irb lunds for ihe year 357,941 358,067 80,71 S R8concIli8t￿n of fiJnds.' Total funds. brought forward Tolal fvnds, Ganigd loThiard 328,¥23 886,764 328,823 686,890 248,108 328,823 The noteson pages 10 to 13 form part of these accounls. THE ISLAND HAVEN ITREUSKE} ALANCE SHEEr AS AT 31" JANUARY 2025 Not•s 202S 2024 Fix?d As$èts Tangible Fixed Assets 472,958 Current Assets Cash at and in hand Prepayments 212,942 854 213,7 328,823 328,823 Liabilitie$ C¥edltors falllng wlthln 1 yeaf Net Current Asset¥ Net Ass•ts 213796 686 7$4 328.823 328 823 TolAI Funds of the Charity Unrestrtcted Funds Tolal ChafEty Funds 328 823 The notes on pages 10 to 13 form part of these account These accounts were approved by the Board ol Trustees on OL and were ￿￿ned on it5 behalf by: Timothy Guthrle- Chair THE ISLAND HAVEN ITREUSKE} NOTES TO ThE AccouMrs FOR THE PERIOD ÉNDED 31rt JANUARY 2025 ACCC￿NTING POUCIES The principal accounting policies are summarised below. The accounting poll¢ies have been applied consistently throu8htsJt the period and in the precedlng year. B•sls of prepafatlon and assessment ol 8oln8 ¢on¢ern The accounts Ifinancial statements) have been prepared under the historical cost conventlon with item5 recognised ￿ cost or transaction value unless otherwise staled in the relevarrt notelsl to ihese ac¢ount5. The financial statements have been prepared in accordance with the second edition of the charltles Statement of Recommended Practice issued in October 2019, the Flnanaal Reporting Standard applicable in the United Kin8dorn and Republic of Ireland IFRS 1021 and the Charities Act 2011. The trusteesconslderthatthere are no malerial uncertainties about the Tru$Vs ability to continue as a goin8 concern. The trust ¢onstitutes a public benefit entty as defined by FRS 102. Income reto8nltion All income Is recogni5ed once the ¢harSty has entltlement to the income, it is probable that the incOff￿ will be received and the amount of income receivable can be measured reliably. Donations are iecogni5ed when the Trusl has been notified in writing of both thè amount and settlement date. In the event that a donatlon is sublert io eondltlL)ns that require a level of performance before the charlty is enlitled to the fund5. the inc(Kne is deferred and not recognised until eIt￿r those conditions are fully met, or the fulfilment of those conditions is wholly wlthin the conirol of the charfty and it is probable that those conditions wlll be fulfilled in the repgrting period. Gfft ASd payments recetved from HMRC are recogni5ed a5 income when received. Legacy gift5 a￿ recognised on a case-bysts Governance costs comprise all cost5 invofving the public accountability of the ¢harSty and its compliance with regulatw)n and good practlce. These costs Include cosls relaied to staiutory Independence examination and legal fees togeiher wlth an apportionmertt of overhead such a5 trustee insurances. Governance costs relatlng to charhabk activitie5 have been apportioned based on artivities inCu￿ed Costs ol ra151ng funds The costs of generating funds consist of costs of fundralslng events such as raffles. Expgndlture orb charltable arthiiles Expendfture on charStable aalvtties in¢lude$ 8rant5 and expenditures made and an apportionrnent of governar)ce cost5 as shown in note 5. Tangible flxed assets and depreciation All assets Costing more than £500 are caphallsed and valued at historlcal cost. Deprectatlon Is charged on property and capitalised renovations on a straight-line basis over their estimated useful life of twenty seven and a hatf years from the year of acqutsition. DepTedation 15 ¢harged on lurnlture and equipmenl on a stratht4ine basis overtheir estimated useful life of three years from the yearof acquisiiion. D*btors •Dd Prepayments Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayrnent5 are valued al the amount prepaid net of any trade discounts due. 1.10 Cash a¢ bank and In hand Cash at bank and in hand includes cash and short temi cash deposits. 1.11 Cr•dltors and provislons Creditors and provlslons are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and ihe amount due to senle the obligation can be measured or estimared reliably. Creditors and provisK)ns are normally recognised at their settlement amount after allowingfor any trade dlscounts due. 1.14 Cash flrnv statement The charitable company qualifie5 as a small charily ond advantage ha5 been taken of the ex•mption piovtded by SORP IFRS 1021 as amended by Bulletin I, nol to prepare a cash Ilow statement. li ThE ISLAND HAVEN ITrELISKE) NOTES TO THE ACCOUNfs (Contlnued) FOR THE PERIOD ENDED 31¥t JANUARY 2025 GRANTS, DONATIONS AND LEGACIES Unrestricted F4md$ Total 2025 Total 2024 Grants re¢eived-Comwall Coundl Grants received-other Grants Donalions rgoeived HMRC Gift Aid Received 200,000 25,000 125,186 200,000 25.000 125,186 13 47 363 433 84,6SS 363 433 INCOME FROM FUNDRAISING EVENTS Unrestricted F￿d3 Totsl 2025 Totsl 2024 Funds r8ised from Raffle Saks 10,488 10,418 10,488 ANALYSIS OF EXPENDITURE Property Running Costs Renovall¢n expen$e$ Capltallsed Raising Funds Total 2025 Tolal 2024 Renovation Expenses lft¢urred Ren¢vatlon Expense$ Cgpitalised Postage Cost$ Prtspety Runniny Co8ts Propety DepFeciation Other Direct Costs Govemance Cost5 (N¢rte S) 161.154 (161.154) 126 126 2.349 11,972 1.165 368 15.980 2,349 11,972 1.165 3,940 184 310 15,870 3,940 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS The Charity initially identrfies costs whlch relate to the governance function. Governance cost5 are apportioned separatety betw¢en char*tVs key attivity undertaken (see note 41 in the period. Goveman¢o Function Total 2025 Total 2024 Twslees Indemnity Insurari¢e 368 12 THE ISLAND HAVEN ITr£LISKE) NOTES TO THE ACCOUNfs (Continuedl FOR THE PERIOD ENDEO 31"JANUARY 2025 TANGIBLE FIXED ASSEf5 Total 202J Total 2024 Net Book Vahje Freehold propeity Freehold property impiovements Fixbjres, Fittings & Equpment 300,912 159,757 MoYw)wits in the year Opening Balances Closlng BalaTrc• Addit5ons Dlsposals Freehold property Freehold property improvements Frxtures, Fitting$ a Equipment 310,315 161,154 310,315 161,154 13,472 Opening Balances Charye For Year Closlng Balance Dopr•ciation: Dlsposal$ Freehold propeity Freehold propeity improvements FrKttwes, Fittlngs & Eouipment 9,404 9,404 1,396 .173 11.973 MOVEMEKf IN FUNDS Balance at 014)2-2024 BalanGe at Expgndifyrn 31411-2026 Inctsme Unrestrf¢tod Funds: General Fun Total Funds 328 823 328,823 666,764 886,764 373,921 15J80 ANALSIS OF NEf ASSEfs BEfwEEN FUNDS Uftr•striotgd Fund$ Total 2025 Totsl 2024 Tangible fr%ed assets Net QU￿9n1 assets 4n,968 213 796 886,764 472,￿8 213 796 686,764 328 823 328,823 13 THE ISLAND HAVEN (TRELISKE) TRUSTEES, REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31st JANUARY 2025 Charity No: 1187928 THE ISLAND HAVEN (TRELISKE) REPORT AND ACCOUNTS CONTEKrs Trustseg Report Ind•p•ndent Examine<5 Report Statement of Fin•Kial Acimtles Balance Sheet Notes to th• Accounts 10-13 THE ISLAND HAVEN trREUSKE) TRUSTEES, REPORT FOR ThE PERIOD ENDED 31StJANUARY 2025 The trustee5 are pleased to present their annual report together wlth ihe flnanclal Statements of the charity forihe period ended 31" January 2025. The financial statement5 have been prepared in attordance with the accounting policies set out in note I to the accounts and comply wtth the charitws trust deed. the Charities Art 2011 and Aecounllng and the Charities Statement of Recommended Practlce (second edition} and Financial Reporting Standard FRS 102. Summary of the obJe¢ts of the (hartty set out In Its 40v¢rnI￿ document The aims of ihe chartty are ihe relief of those in need by reason of ill health or other disadvantage. for the public benefit,. by establishing, operatlng and supporting home from home accommod￿lon in Cornwall for, particularly but not exdusively. patient5 from the Isles of S¢illy and those providin8 them support when attending a hospital or clinic in Cornwall. 5￿M*ry ¢f th* main artivities undertaken for the publlc beneflt In relatlon to ihese oble(ts 2024 has seen significant developments In the thaFitie5 aims, The original offer of land on the Treliske Campu5 wa5 Wlthdrawn by RCHT some time ago but the alternatlve offered by RCHT by lolnSng them was a150 vlthdrawn during the year as the cost of their build exceeded £7.2 million for the 18 bedrooms proposed. A far cry from our offer to put 20 bedro¢)ms ¢n the ground initially oflered for £1.2 million. However, thi5 Year has seen our charity purchase a house, within a short walking distance of the hospttal, that will be the Island Haven. We applled for a Communlty Levelllng Up Program, Ihrough CoTnwall County Council. to aS515t with the total refurbishment of the property and were very lucky to be granted the maximum amount available. The pur¢hase of ihe property has cemented the purposes of the ¢harFty In people's mind5 and dwr5 have suddenly opened because people can see something solid in the charities aims and 8oals. In a sense new life 15 being breathed into the charity whith is fantastic. At this point, having outlined the charities main activrties foi the year. I need to polffl out that the charity would not be in the position It Is today w￿hOth ihe fantastic input of Trustee Tim Reeve. Tim has not onfy masierminded the property cOnVers￿D by Project Managing the whde of the property design, plannin& conversion, refurb and build but ha5 also handled the paper%vork forthe CLUP Grant with restraint and great aplomb. None of us, a5 hi5 fellow Trustees, could have undertaken this level of dedication and devotlon that rim has glven to thls projecl and we glve him our very gratefvl thanks. The Island Haveh charlty now Ic4)ks forwardto the Coming year when we will be able to open ihe dTr)r5 to offer the Intended service that was outlined at the infcial meeting set up several years past by Dr Adrlan Davis. This year also saw input from many quarters. It was hoped that members of the community would have some practlcal Snput but thai ha5 proved difficult because of travel and accommodation. Paul Lewls from Island Carpets hasloid all the floorin810 date and done a famastlc Job. Those people who work tirelessly fundraising all need tts be thanked. Parti¢ularihanks need to go to sheila Thomas who has worked day and nighi to raise funds since th¢ charity started but has done particularly well this year. Trustee Pat Matthews has a150 made fantaslic roads Into raising large surns 1hrou8hout ihis year. as she does at all times bLrt agaln this year has been exceptional. THE ISLAND HAVEN fTREU5KE) TRUSTEES. REPORT (CLintlnued> FOR ThE PERIOD ENDED 31" JANUARY 2025 The trustee5 w15h to extend thelr gratefvl thanks to all ihose who have donated, collected or generally helped durlng this year. Thank You tsjl. Summaryofthe m4Sna¢hl￿ernents ofih•chiritydurin8th¢ y•r Purchase of 12 Tresawls R03d Flrst legacy payment very gratetully received. CLUP Grant received. Recognftlon of the charily by the Ouchy of Cornwall, Tim Reeve project manages the re(rJnstTUCtion of 12 Tresawh road. Hearts Together vlsft property to giwe advi￿ forthe future. BBC showing great interest in the Charity. Publk Benefit Statsment In shaping the objectivesfor the perM)d and planning our a¢tlvltles, the trustee5 have ctsn5idered the Charity Commlssion'$ guidance on public benefit, including the guidance 'public benefit.. running a charfty IPD2}'. The athievements and actlvlties above demonstrate the publlc benefit arising through the Charitrfs a¢tlvltles. ReseNes Pollcy The Dirertors consider tt prudent to maintain an adequate balance of unrestriJed funds to cover the ch8rit(s contrartual Commltments and ideally would like these to be at a minimum level of between 3 and 6 rnonth5 annual expenditure. The trustee5 collsider that the Charitvs reserves will enhance the servlces provSded and provide financial securty for the future. The charlty dr)sely monltors the level of expenditure by the use of management and financial controls and aims to increase the level of reserves. FINANaAL REVIEW The statement of Financial Actwities showed a net surplus for the peri¢d of £357,941 (2024.. surplus of £80,715) and total reswes not invested in capital assets Stand at £213,796 {2024'. £328,823). Durlng the year ending 31st January 2025, signifKant funds were used io complete the pur¢h35e of a property which was capitalised as a frAed asset for a purchase value of £310,315 ènd essential renovations to make the property Usable were c3Pitalised for an amount of £161,154. Additit)nal capital assets for fixtufes and fumÈture were incurred for £13,742 sTrucruRE, GOVERNANCE AND MANAGEMENT Gov*rnlng dwum•nt The charity is re￿￿ered as a Charltable Incorporated Qrganlsatlon. The tharity wa5 registered on 13 February 2020 under registration number 1187928. THE ISLAND HAVEN rrREUSKE) TRusfEES' REPORT Icontlnued) FOR THE PERIOD ENDED 31"JANUARY 2025 Appolntm*nt of trustees The chair of the trustees is nomlnated by the othertrustees. The Board of Trustee5 have power to appolnt additional Trustee5 as il considersfit to do so. The Trustees have no beneficial interest in the wmpany other than asmembers. Trustee inducllon and trahlng The Trustees maintain a good working knowledge of charity law and best practise by regular readlng of charity press articles and SCTuiiny of the Charity Commlssion, oiher Government 3nd voluntary organisation advSsory websites. New Trustees attend an induction session given by an experienced Trustee. Rlsk management The Trustees have identrfied the major risks to which the Is exposed, and conslder ihat ihe systems whlch are in pkce are adequaie to mltlgale th05e risks. Oryènlsatl¢)n81 struclure During the year ending 31"January 2025, the Twstees rnet on a regular basis to review the actlvltles of the charity and to review and approve the accounts. Volunteers AH aafvltles take place thanksto the effort of a dedI￿ted team of volunteer5 and supporters. REFERENCE AND ADMINisfRATIVE DEfA113 OF THE CHARITh, ITS TftLISTEES AND ADVISORS Charlty number". 1187928 Operntit)Dal address.. Running Llnes. S HuBh Street. si. Mary's, 151es of Scilly TR210LL Trurtees: Timothy Guthrie Ichartty chalr) Patricia Matthews Perran Ga¥ David Grottick Susan Hcd8son Tlmothy Simon Reeve (Appolnted OV10120181 (Appointed OVIQI20181 (Appointed 26103120181 (Appointed 26103120181 (Appolnted 28103120181 {Appointed IU01120241 Bankers: LLyods Bank Independent Examlner: Isles of Scllly Accounlancy and Tax se￿Ice$ THE ISLAND HAVEN ITrELISKE) TRUST£es' REpoirr qcontlnuedl FOR THE PERIOD ENDED 31¥1 JANUARY 2025 Truslee5' r•5pon$ibllftles In relatlon lo the16nanclal statements The charity trustees are responslble for preparlng a Trustees, Annuol Report and flnanclal statements in accordan￿ with applicable law and United Kingdorn kcounting Standard5 Iunited Kin8dom Generallv Accepted Accountin8 Practice). Thè law applicable to charftles In England and Wales requires ihe eharlty trullees to prepare financial statements for each year which 8ive a Irue and fair view of the state of affairs of the charity and of tht incunin8 resources and application of resource5. of the eharfty for that period. In preparlng the finandal statements, the trustees are required to.. Select 5Ultable accounting policies and then apply them consistently,. Obserye the method5 Ind principles in ihe applI￿ble charitie5 SORP; Make judgements and estimates that are reasonable and prudent,. State whether appllcable accounting ￿andardS have been followed. subiect to any material deparlure5 that mu51 be diKlosed and explained in the financial statements,. Prepare the flnancial statemems on the going con￿rn basls unless It Is inappropriate to presume Ihat the charity will continue in business. The trustee5 are responsible for keeping proper accountin8 records that disdose with reasonable aceurary at any time the finanaal positiDn of the charity and to enable them to en$￿￿ that the financlal staternents comply with the Charstie5 Act 2011, the applicable Charities IA¢count5 and Reports) Regulations. and the provis￿n$ ol the Trust deed. They are also responsible for safegLJarding the assets of the thartty and taking reasonable steps forthe preverrtion and detection of fraud and other irre8ularf(ie& The trustees are responsible for the MaIntenan￿ and integrity of the charity and financial informati¢ included on the chariws website in accordance with lew-51ation in the Unried Kingdcm goveming the preparation and dr5semination of financlal statements, APPROVAL Thls report was approved by the Trustees on O and si8ned s)n its behalf.. Tlmothy Guthrie- chair of Trustees INDEpENDEr￿ EXAMINE￿$ REPORT ON THE ACCOUNTS TO THE TRUSTEES OF THE ISLAND HAVEN (TrEUSKE) I report to the trustees on my examinatlon of the accounts of THE ISLAND HAVEN miELISKEI for the year ended 31" January 2025 Respon51bllittes and ba515 of report As the charity trustees of the Trust. you are responsible forthe preparatlon of the accoums in acwrdance with the requirements of the charitie5 Act 20111.the Act"). I report in resped of my exafflination of theTrust's accounts carried out under 5e¢tion 145 of the 2011 Acl and in carrying Out my examin￿10Th, I have followed the applicable Dlrertlons glven by the Charity Commisslon under sectlon 14515)Ibl of the Act. Independent examlner's statement I have rDmpleted my examination. I confirm ihat no material rnatttrs have corne to my in connectlon with the examlnatlon whid) glves me cause lo believe that in, any material respect: attounting record5 We￿ not kept in attordance with section 130 of the Act or the actounts do not accord with the accountlng records I have no concems and have come att05s no other matters In connection with the examinatSon to whlch attention should be drawn in orderto enable a proper underslanding of the accounts to be reached. £.. Q.16L EAMON WALSH FCA, cfA ISLE5 OF saLLY ACCOiH4TANCY AND TLX SERVICE5 CHARTERED ACCOUNTANT Reglstered Office Address 82A JAMES CARTER ROAD, MILDENHAL Bufty ST. EDMUNDS. ENGLAND, M128 7DE Date August 25 2025 THE ISLAND HAVEN (TRELISKE) srATEMENT OF FINANaAL AcnvrriES FOR THE PERIOD ENDED 31st JANUARY 2025 UnrestrKt Funds Total 2025 Total 2024 Income Grants, Donatlons and Legaa•$ Income from FundraSsing Events Tolal Income 363,433 10,488 373,921 363.433 84,655 373,921 84,656 Expandltur• Cost of Raising Fund ExPend&￿re on Charstable Aclivitses Total Expondbture 126 15,854 15,980 15,854 15,864 3,940 Net (expend1￿re> and net movement irb lunds for ihe year 357,941 358,067 80,71 S R8concIli8t￿n of fiJnds.' Total funds. brought forward Tolal fvnds, Ganigd loThiard 328,¥23 886,764 328,823 686,890 248,108 328,823 The noteson pages 10 to 13 form part of these accounls. THE ISLAND HAVEN ITREUSKE} ALANCE SHEEr AS AT 31" JANUARY 2025 Not•s 202S 2024 Fix?d As$èts Tangible Fixed Assets 472,958 Current Assets Cash at and in hand Prepayments 212,942 854 213,7 328,823 328,823 Liabilitie$ C¥edltors falllng wlthln 1 yeaf Net Current Asset¥ Net Ass•ts 213796 686 7$4 328.823 328 823 TolAI Funds of the Charity Unrestrtcted Funds Tolal ChafEty Funds 328 823 The notes on pages 10 to 13 form part of these account These accounts were approved by the Board ol Trustees on OL and were ￿￿ned on it5 behalf by: Timothy Guthrle- Chair THE ISLAND HAVEN ITREUSKE} NOTES TO ThE AccouMrs FOR THE PERIOD ÉNDED 31rt JANUARY 2025 ACCC￿NTING POUCIES The principal accounting policies are summarised below. The accounting poll¢ies have been applied consistently throu8htsJt the period and in the precedlng year. B•sls of prepafatlon and assessment ol 8oln8 ¢on¢ern The accounts Ifinancial statements) have been prepared under the historical cost conventlon with item5 recognised ￿ cost or transaction value unless otherwise staled in the relevarrt notelsl to ihese ac¢ount5. The financial statements have been prepared in accordance with the second edition of the charltles Statement of Recommended Practice issued in October 2019, the Flnanaal Reporting Standard applicable in the United Kin8dorn and Republic of Ireland IFRS 1021 and the Charities Act 2011. The trusteesconslderthatthere are no malerial uncertainties about the Tru$Vs ability to continue as a goin8 concern. The trust ¢onstitutes a public benefit entty as defined by FRS 102. Income reto8nltion All income Is recogni5ed once the ¢harSty has entltlement to the income, it is probable that the incOff￿ will be received and the amount of income receivable can be measured reliably. Donations are iecogni5ed when the Trusl has been notified in writing of both thè amount and settlement date. In the event that a donatlon is sublert io eondltlL)ns that require a level of performance before the charlty is enlitled to the fund5. the inc(Kne is deferred and not recognised until eIt￿r those conditions are fully met, or the fulfilment of those conditions is wholly wlthin the conirol of the charfty and it is probable that those conditions wlll be fulfilled in the repgrting period. Gfft ASd payments recetved from HMRC are recogni5ed a5 income when received. Legacy gift5 a￿ recognised on a case-bysts Governance costs comprise all cost5 invofving the public accountability of the ¢harSty and its compliance with regulatw)n and good practlce. These costs Include cosls relaied to staiutory Independence examination and legal fees togeiher wlth an apportionmertt of overhead such a5 trustee insurances. Governance costs relatlng to charhabk activitie5 have been apportioned based on artivities inCu￿ed Costs ol ra151ng funds The costs of generating funds consist of costs of fundralslng events such as raffles. Expgndlture orb charltable arthiiles Expendfture on charStable aalvtties in¢lude$ 8rant5 and expenditures made and an apportionrnent of governar)ce cost5 as shown in note 5. Tangible flxed assets and depreciation All assets Costing more than £500 are caphallsed and valued at historlcal cost. Deprectatlon Is charged on property and capitalised renovations on a straight-line basis over their estimated useful life of twenty seven and a hatf years from the year of acqutsition. DepTedation 15 ¢harged on lurnlture and equipmenl on a stratht4ine basis overtheir estimated useful life of three years from the yearof acquisiiion. D*btors •Dd Prepayments Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayrnent5 are valued al the amount prepaid net of any trade discounts due. 1.10 Cash a¢ bank and In hand Cash at bank and in hand includes cash and short temi cash deposits. 1.11 Cr•dltors and provislons Creditors and provlslons are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and ihe amount due to senle the obligation can be measured or estimared reliably. Creditors and provisK)ns are normally recognised at their settlement amount after allowingfor any trade dlscounts due. 1.14 Cash flrnv statement The charitable company qualifie5 as a small charily ond advantage ha5 been taken of the ex•mption piovtded by SORP IFRS 1021 as amended by Bulletin I, nol to prepare a cash Ilow statement. li ThE ISLAND HAVEN ITrELISKE) NOTES TO THE ACCOUNfs (Contlnued) FOR THE PERIOD ENDED 31¥t JANUARY 2025 GRANTS, DONATIONS AND LEGACIES Unrestricted F4md$ Total 2025 Total 2024 Grants re¢eived-Comwall Coundl Grants received-other Grants Donalions rgoeived HMRC Gift Aid Received 200,000 25,000 125,186 200,000 25.000 125,186 13 47 363 433 84,6SS 363 433 INCOME FROM FUNDRAISING EVENTS Unrestricted F￿d3 Totsl 2025 Totsl 2024 Funds r8ised from Raffle Saks 10,488 10,418 10,488 ANALYSIS OF EXPENDITURE Property Running Costs Renovall¢n expen$e$ Capltallsed Raising Funds Total 2025 Tolal 2024 Renovation Expenses lft¢urred Ren¢vatlon Expense$ Cgpitalised Postage Cost$ Prtspety Runniny Co8ts Propety DepFeciation Other Direct Costs Govemance Cost5 (N¢rte S) 161.154 (161.154) 126 126 2.349 11,972 1.165 368 15.980 2,349 11,972 1.165 3,940 184 310 15,870 3,940 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS The Charity initially identrfies costs whlch relate to the governance function. Governance cost5 are apportioned separatety betw¢en char*tVs key attivity undertaken (see note 41 in the period. Goveman¢o Function Total 2025 Total 2024 Twslees Indemnity Insurari¢e 368 12 THE ISLAND HAVEN ITr£LISKE) NOTES TO THE ACCOUNfs (Continuedl FOR THE PERIOD ENDEO 31"JANUARY 2025 TANGIBLE FIXED ASSEf5 Total 202J Total 2024 Net Book Vahje Freehold propeity Freehold property impiovements Fixbjres, Fittings & Equpment 300,912 159,757 MoYw)wits in the year Opening Balances Closlng BalaTrc• Addit5ons Dlsposals Freehold property Freehold property improvements Frxtures, Fitting$ a Equipment 310,315 161,154 310,315 161,154 13,472 Opening Balances Charye For Year Closlng Balance Dopr•ciation: Dlsposal$ Freehold propeity Freehold propeity improvements FrKttwes, Fittlngs & Eouipment 9,404 9,404 1,396 .173 11.973 MOVEMEKf IN FUNDS Balance at 014)2-2024 BalanGe at Expgndifyrn 31411-2026 Inctsme Unrestrf¢tod Funds: General Fun Total Funds 328 823 328,823 666,764 886,764 373,921 15J80 ANALSIS OF NEf ASSEfs BEfwEEN FUNDS Uftr•striotgd Fund$ Total 2025 Totsl 2024 Tangible fr%ed assets Net QU￿9n1 assets 4n,968 213 796 886,764 472,￿8 213 796 686,764 328 823 328,823 13