2025-10-31-accounts

Charfty reglstr*lon number,. 211018 Portreath Improvements Committee Annual Report and FlnancSal Statements for the Year Ended 31st October 2025 C•ltlc Bookk¢gplni and Aceount•rtcy Serykes Ltd Sulte B Tower Hou Now Portreith Road Redruth TR16 4QL

Portreath Improvements Commlttee Contents Reference and AdmInlstratl￿ Dets115 Trurteas, Report statsment of TNstees' R8sponslblllt1•5 Independent Examln•ls Report stst•ment of Flnanclal Artlvltles 8glancè Sheet Not•s to th• Flnan¢l¥l Ststom•nts

Portmth Improvements Commlttee Refereno and Admlnlstratlve DotsU5 Allson H)rrls Zoe Ford Geoffrey Hod Colln Male Melan1• South•nlon M•rlorl• Rowland Carollne Thomas Stephen Davle5 Loulse Mall•s Shlrley Nash Joe Urban Ann Mer Mark Perry Slmon GoodwSn Sara aasper Al•n Harrls Cath Donnls Prlndp•l Ollk• 3 &ssett Terrace P•nberthy Road Portrnath bonk•r• Unlty Trust Bank Nlne Brlndley pl•ce Blrmln8h4m 812HB TR16 4LT Ch•rfty R•*tr•tlon Numb•r 211018 Ind¢pend•rt Examlnqr Leanda Daddow MICB Celtlc Bookkeepln8 and Ac¢ountsn¢y Servlces Ltd Sulte 8 Tower House New Portreath Road Redruth Tr16 4aL

The Trustees present thetr remakngwlth the fknanclal statements ofthe d4rityfortr year ￿ded 311ion025 The flnandal statements have been prepared in ac¢ordan¢ewlth ts accountln8 ￿Hde5 set<yJton pa8e 8 and comply with thè charitys constltutlon and appllcable13 Reference and Admlnlstrth Irrformatlon. setouton Pa8e L ftym5 Partofthls feptht Portreath Irnprovem￿ C<Nnmlitee is a r4i#ered charfty number 21101& Itwas I￿nded on l AuBu5t 1962 and Is mana8ed in acctydabKe with the Trust Deed otthat date. The commjttee trustees durlngthe pwlfyl aThl at the date of thts rep(Yt (unless otherwlse bndl¢atedl werè:. Jlson HarTIs Vke Cha Cdln Ma Mdanie South Marjorie Carollne Thoma5 Stephen Dwlies Lou￿• Mallas Shlrlry Nash Joe Urban Mark Perry $3rn Clasper Alan Harrfs Th• Commtttee Isenthed to apw5rtthartty tr￿tee5 rfrequlred. In a¢o¥darte wlth theTrust Deed. There are 24 pla￿50n the Portreath Committee and <burAMual General Meetln8 Is hebd on the tast Morrflay of Janua Resldents of thevllage (an. IftheTr arn plates apptyto be on thecommittee, ￿ fnitlngt*• weeks before the AGM by applylng to the secretary and must be purposed and Seconded bytwo ￿lIaBe re51dent& If there are more ap￿IcatIOnSthan vacarKles a ￿te ¥AII be held.

The obhcthpoftr th•rlty L8th Sts yopertydl be hekl •Thlnwn•ydfortltsen•fftof thelnhabllarts of thR ol Partre•th In the CwntydCtynwalJ.Trds obJecthts¥thle￿d tyuslw the frxThne 8rnated to •nd m•lnt41n i Ihue hall and plfjrfrwllek15, to wote£l al￿ malrtn the s•a frrt to m•liit•lTh seats •nd shelters •nd to pYeseTh •nd enh•n¢e olthetAll•ee. In fwthernnce ofthealx￿, to 8551stsnc• PUBUC BENÉAT STATEM& In￿l￿nI￿ tyJr4CIMUesf0rtr￿ttvue¢s wtth th• ￿ty1￿￿CIl0n 1715) oftheCharltl# xt201110 hThi due f•yrd tO￿ldarKe pu1￿lShed Iythechwltycunmlskn Th•d￿￿ty￿n1I￿U1rlY •xpthdi11s In¢om•on m•lThtslnlnu ltsaJ3ets whlch •fe uwd lor the bqrfftolil th•lnhthrtsof Portrt•th totr •m. ACMIEVEMeP17S AND PERFOAM P•rk iupplemerted * IrK(r from lettkq the Ir¥Y¢ut¢¥nd Hau4 IrKome droppod WIlk•n￿vw1th PAts rkertorthe ¥lllwp aswell asth• 41m￿lty supplemented Chrfstm•stree5, wlth donth and supwt thls y••rdu• tothe amourt spenton the lefv￿$hm¢fjt ofthe Mllknlum H•ll. fv IrKtyne from the ur pl￿1¢rthe ￿rwIS£61s￿Trd r•rtsl IrKg>m••f E2J25 asw•Jl •1 £514 tow•rds of th•thrlsimasTr¢esfry trvllay. Thls hu resulted In a totsl IrKome ot £65.248.6012024.. £58,517.50). Atotsl of£83Jl&OI 1x124.. E45.n1931 ¥Ase%pth (m upkeep •nd •¢lMls wtthln Ih•¥lll•p olPtytr•th PAL hm •tso sp•nt furth rn m•lfti¢n•rtt•nd rn•n•ymem wltsdn the￿11￿￿￿1 p ANANCIAL REVlnV AArplw of£11912024. £IL7341 hs•rln onwrtA￿lunth INS￿. ThshK dropped ￿e to 48nllk4nt VI￿11 ¥l￿d ￿ The Mlllenlurn H•ll ¢eUkn8¥rKI Irrtern•l I￿•> PAL ¢onllrw trcmrffm m•rbWthIt and ffla1n1enan￿ to redu￿ PIC dlretta>sts. jth￿Ih lhxwtkx￿foreveIts hmdetreMd duètothèlnu•%ed costs th05￿1¢. the PIC WHI recoVer￿th the Mllenhjm H1 belrKq romrlete and abale toar¥J ween 4lKeswrrtlnual￿ malntslrnd for ￿l￿r enjO￿eN. coniinue tobe p•ld •nd w8•nW bythe There Is •lso • b•11￿ tyed from PALof£333,401 that 8￿fOr1￿tufe Dl•rvsto be c4wnDkted and an Incrnese tnthefw￿5 ￿lance fty HC ￿15 the Irrterthn ofthe tharftvto rn•jN￿p•Or$thttrn•y be rewred In re¥ert(trurwise•frtyx 1X￿1n￿•r￿ Th¢Thistvs ststerrnntot R•comm•rthl Pr•¢ike IOwrtUe$50APIFAS 1021 The annual report was apprthd ￿the tNstee5 of th¥ityon 2V •nd 514Ded on Its behw . CardlneThomas Trustee

Portreath Improvemeiits Comrnlttse Statement of Ilustee5' Re5ponslbllltles The trustees are responslbl•lor preparlng the tru5tees' report and the ffinandal statem¢nts In accordance wlth the Unlted KSn8dom Accountln8Stsndords Iunlted Klngdom Generally Accepted AccountSng PrnLlcel and appllcable law and Te8ulatlons. Th• law appllcable to charltles requlres the trust￿ to pr•pare Ilnanclal statements for••ch flnanclal year whlch 8lve a true and falrvlew of the state of affalts of the chorlty and of th• In¢omln8 reSoUr￿S and applkatlon of resources of the charlty for that perlod. In prep4rln8 these financlal ststsments, th• truste•5 Ire requlred tts,. selert sult•bl• a¢¢ountlng pollcles and then Apply them ¢on4stentlvi th• methods •nd prlndples In th• char1t1￿ SORP. mlka lud8•monts •nd estlm8tes that ar• reasonabl• and prud•nt; sl•te whethw applluble •ccountln8 $tandard5 ￿¥• bo•n followed, subjèct to any m4t•rf41 dgPartur•s dlsclos•d •nd expl8lned In th• fln•ncl•l 5tat•ments.' Ind prep•re the fin•ncl41 stst•m•nts on th• ￿Ing ¢on¢•rn basls unl•M It In•pproprSat• to pr•sum• th•tth• chirlty wlll contlnu• In bu￿n￿5, Th• trust¢￿ •r• r•spMsSbl• for k••pln8 prop•r accountlftg r•cords that dlKlose wlth v•ai¢Jn•bl• 4ccur•¢y at •ny tlm* the finan¢lal posltlon of the ¢harlty and enable them to ensure that the flmnclal ststoments comply wlth the Charltles Act 2011, the •ppll¢able Charltles (Attounts and Reports) A￿Ul•tIonS. Ind the pnjvlslons of th• Con￿lIutk1ft. Thttru#ees are 1150 responslblp fof saf•8uardlni the assets of the ch3rfty and hence for taklni re•sonabl• it•Psfor t1￿ pr¢ventlon and detertlon of hud and other Irrniul•rltles. Th• •nnu•l report approv•d byth• trust￿ of th• Charfty on 22nd Au8USt 2025 and slgned on Its behalf by.. Carollne Thom•s Trustq•

l rtporton the xrwtsofthe tharltyforthe￿rerthd 31 oaober2025 wlh areset wtonpap6 to 15. YtyJr RepoTUn8 bychartues prepJrin8 thdr accounts In acCorda￿et￿1th the FlnarKlal Reportbw Stsndard appll¢able In trUK aThl Republteoflreland (FR5 1021 In Prefuel￿tOtheA￿Iu1th￿d ReptyihwtryCh•rlUes: 5141w1￿0fR¢C￿nM￿ed year Lmderseckn 144121 oftheCharltskt2011 lthe2011paJ •twJtr4taD Irthpendent I5needEd. Itts nry￿SP￿￿1tyto.. Commt55kn1 und•r$•d1￿ 145(5Xbl of tr 20U<tand wlththose re¢tyd Itabolndth canslkn of3￿ ￿1￿￿13111Qffi5QrdIsc￿?s￿res kn the¥¢¢tyJnts seeklnl p￿￿￿On5 from as trU5tetswnCth￿ Thewttedwes undertaken do notpruAde allthe qvldtnr•thwrukJ be an alth ar•1 ¢tyiseqyemtyfto astowhethertheacuwrtspresenta Leanda Dadd( Cettlc Bookkeeptngand AccountsncySer¥kes Ltd su￿8 Tower House New Portreath Road Redruth TR16 4QL

Statsment of Hnan¢lal A¢tMtlesfor the Year Ended 31st October 2025 T•tyl 81SAXI chr￿b￿ArtI¥I￿ty t62,500. 62.500.tKI t 57,702.SO Oth8f Trndlnllnrtym £￿,134. 11,134.f￿ £ Intomt 83m4.eo £ 58,S17.50 ch•￿•bIlA￿l¥Ityl1 83,SIIA4 £ 83.S16AII É 4%n2.9J li Ttstsi EpondStur• 83,516.04 £ 83.SI&N £ 45,n2.9J N•t m￿￿mmI1n Fundi 111.so E Its.56 £ 11734J7 Totsl bMwhtIo￿rd Y3214.S4 É e07,941AJ Totslfvnd¥uwrW lomrl 081161.28 £ 543,214.54 l th•¢h•th athttlBid•rhfmrnt￿tlnU1ns0Wffj10n1th￿n1￿• P•f Th•fvTrth IKtakAUWnfDr￿•ndts¥1Ast&10bu 202S11shD¥mknMt• I

Portreath Improvem¢nt$ Commlttee Balance Sheet as at 31st october 2015 R¢8tsiratlon 211018 TanBlbl• A51•ts li 227989.52 É 266A67A6 TotslFLvdAM•ts 217,989.52 f Z66.367.fj6 7W.54 £ 1S.738.71 A£tru•Jlnom• 262.155.(Xl Cmh In hThk•nd Ir+h•nd IW779.22 £ I14￿42.3$ 410,176.76 £ 592,736.15 ArnwrtilpWduwlthlA on• 1,047A 4N17&n £ 391189.06 6M166.28 £ 8,056.92 VnMrtrfct•d Fun 543.214.54 Tot81 14 608.16&28 £ 543J14.54 Th• fln•ndal st•t•m•nts on p•4116 to 15 w•re•pprowd by thetruslees, •nd outhorld for ofi 1510812025 and slqrhed on thelr behpwby.. Carollne Thomas

Portreath Improvements Commlttee Notes to the Flnlndal Statements forthe Year Ended 31st October 2024 ChJrtt4￿etY￿d￿trrQ¢0mPdièitth￿0c0ttt1nC￿ll￿ by¢h•¢h•rltyln theddlveryof tr$401￿11￿54nd seThlcqslov Its ￿ne￿￿￿1•kIt Include5 both￿$¥ th•tcHn b¢a1hxatsd dtreEtlytosth•ctMtknindthosècoth•18Tr Indlrect n•turnet•¥4ryt•supporttheryL IorwAm￿•, •lkt•tln8WQPWtytoAs￿ftO0raT•￿QrP￿UpfA4￿d coststythelrww. Thelndudo th￿t￿ts￿￿b￿tr￿Ot01ke￿èrfrf9mrnp1•Trc1￿￿n5l￿Uth￿lI0rrt1 mturoryrnqthmlhty 1ntlthl1￿￿KSfrn1￿C mAfi•8emont•ndtru#•es r•lmb¥rsed upen5e5. IrrntMr•bhVATts¢h•ryd 8B•iMth•ut•ooryofrq¥owrw•pwtsd lncwr•4hv￿1iI￿ft pltsh l••b•¥r••rMnl P.A.l41è rn0wp1yl￿Ior￿lvATts￿￿1Ifi11fft•r￿. Inthldu8lfth•d41Mtitoitlng£l(#J.alormor••r• InItt•l￿rI￿rd•d Iw•rryi¥bM4u•rf •¢Cumu￿de￿•1thdofi1nd Dtyr¢d•Utybh prtyth•dontsnWbleflK•d xwtito4ito¥Jrk•off th￿ttOr￿U￿￿￿. I•M4ry•¥llTrMtsd ruldu01￿1Lvl.4)V¢T¢￿tr PKied umlul I¢￿•M1¢ IW•41 follm.. FlxturuiTrdffttln 10% & 50% ￿d¢￿nI￿1•￿c• i•nd •nd Notd•pr•ththddu•t• h￿￿84 r•thI￿u•n￿rlthln IhurthKwlu•. ih•ftduih equ￿1thtscOmprkn+uthaTh h•fid ar￿￿lId•FOltt1 and Ot￿ri￿ort￿tern hl4hly 1ry•¥#rn•rtSth￿ w• rnadlty ¢on¥ertlblets • krThn em￿ni•l¢l5h orrtS•r•wbJactt04n Ins4nlflG4nt rlJofcfvin8a In￿1￿1. Vnr•rtdct•d InMrn•fvndl•reynernlfvnthth•tar•Ml￿bI•fo1u￿￿th•￿￿￿￿ltsétscMk￿ thfvrthwonr•ofth• Obl¥1￿￿OIthe PA•trkt•d lunds•r•8nrfS Ind ￿1￿10#pdff•d tt¥wdltllM. FIMndBI IIMiiumiirti TheCh•rtyoTrl¥ h•ifv•n¢lDI w¥•ts¢ndflnondl IWttl•J of a klndtht quilfyxbukflnllKlnl Inthumint skfin•ndpl •s¥rf¥•Trd IliwN•5•r•lnN•ltyn￿wr1d •ttr¥nMrtlon prlr¥lth¢ludhwtryrffj•¢llDn¢•stsi•rdsybs•4u•ntymMiur•d•t thelrMiiemwtlu•. FImnCl￿a$￿blnd Il•bllkies•re onl¥tyYMtththeA•tem•ffl olflMn¢lalK#MMon vthen. oThtywfi•nthqr• tslS• Iwlty•nforc¢•We ttosgtoff the ret4nid•mountsnd thec￿￿ty1￿￿rtds•I￿￿rt&sett1ts￿1 netbwh, orto rn•llt• th•assèt•nds•tdtth•ll•blllty IMncl8l•sJets•re dertwnhedwhen4nd ontrwhen 01 the¢ontTrcrwl rhtstothecByh fl¢J￿frQ￿th•fl￿nde11Yser￿p1re or4r• Itw, bltheChgrftytr4n%ler%tr+•Nffjh¢r￿rvsth1&n¥ollY¥llQtth rtsk5 4￿1 rew7rdsofown¢rsh(pofthefln?¢￿1¢1as$et, orclth C￿rI￿desP￿ hln8rfothed tsui Thot•lL ¥t8nWl¢4ntdths•nd r¢w•rdsofl￿QrSh￿. hastranrferrnd conNvlof¢hfr45W to •nother porty.

Notes to the FhwKtsI 51atements for the Year Ended 3tst October 2025 MlreolH8115 470150 64.n49) E 64n45Q f 57.70150 5u.io £ 5MiQ £ 4J3L53 £ 4OYL55 £ 7318Sa £ 8 £ 34U&ts £ SAX16 E VIH¥eUplwp 9356 £ I75￿ £ MAGV 59147 I9￿]7￿4 £ 478193 £83.516.04 12024-£45.782.93)ofthe Èxpendrture was attthrtableto urrntrlcted fur#ts.

É 403LS3 £ £ £ 144SIS8 £ 3122520 Rqp•lrs•rd M•lntsnwK• ￿￿5 £34U&ts £ t 174156 f 76230 f l7JS8 É ¥nJs•

3.96 £ 103.96 E I.YXI.(WJ t L2fJ).Tr) É 403153 É 4OIL4• £39S7QJ5 t I151AI £ L74Z56 É 19A79.ii e8101&01 37.65 £ 25112 £ 6J2AAI É 9,2JLg1 £ 15456 £IOJ07.67 57.65 É 2$1.42 £ 6)2IA £ 92JIM É i65U6 £IOJ07A7 R•l•Y•nr• D•pr•d•¥M OIts￿lty1*1IXfjd •s3•ts ••JAo É IlJ49.45 13.149.45

Net Incornln8 re50urces for the year Ind￿le. Depreclatlon of Flxed A55ets 10,307.67 E 11840.95 DUrf￿ theY￿r the th•rty mode no ewffj• ￿p4YM￿tst0tjusttt$. for e¥wts•nd m•lerl•ls. Exaffllnatlon of Hnanc141 St•t•ments 450.W £ 360. oth•r f•esto •Mmln•n All oth8rs•rvlc•s i.050A￿ £ 1.200.(KI 11 T•fi￿ tlx•d •M•ts buldl •4ulwnent At l NrN•mbor 2024 £ 214.8XIXKI £ 9S.79&99 É 310,626.99 Addhfons At 31 OLtob•r 2025 214￿￿00 E 95,79&99 £ 310,626.99 At l Ng¥ember 2024 n.961A6 £ n961.86 9.67S.61 £ 9,675.61 11637A7 £ 81637A7 Ch•rye fortheye•r At 31 Ortob•r W5 At 31 October 2025 £ 214.830XAI £ 13.159S2 £ 227.989.52

Portreath Improvements Commlttee Notes to the Flnand•l Ststements for the Year Ended 31st October 2025 12. D•btoTs Prepwment6 7.51854 É 738.77 353￿09.&1 É 162,155.thJ Othef debto 34L397J4 £ 277J93.77 IY. CredltOTS: amowntstslllng due wlthln one y•ar 2024 1.660.00 14. Funds IDn￿a￿al Gen?rnl 431228.14 £ fj4.7Z450 1 81,$1&04 £ 41143&60 Gene 411.493.5Y É S8.517JO £ 45,78193 £ 43¥12&14 15. Anatysh offt•t •ssets between fvnd$ r4•Tr¢rn1 Talal Fund5 227.98952 £ 4EQ.IM76 £ 227.969￿1 CurrnrtAss¢ 49117&76 C￿[wenT LI￿￿1￿leS 6BI16628 £ 68i1fj628 l& Rolated trano•ctloM Dudng the year the charlty made the followlng rdated ￿rtY tranSaCt￿n$. Portr••th AMotltlon Umlted (The eoar(l of Dlrertors of Portreath AssGlatlon UM1t￿ cwnprlses of five dlredors. thrne ol are aP￿ID￿d by the chèrlty). Portreath AsscKlatlon Umlted rents the car park from Portreath Improvements Commlttee. The charlty rKelved Income of £62.500 {2024 - É53,000} in respett ot ts car park from Portreath A550clatlon Urnlted. At th• bèthn¢e $h¢et date the Jmount due from Portreath Assoc￿￿0￿ Umlted was £333.809 {2024- £262,IS5).