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, ￿ f*nitlngt*• 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 yoperty*dl be hekl •Thlnwn•ydfortl*tsen•fftof thelnhabllarts of thR
ol Partre•th In the CwntydCtynwalJ.Trds obJecth*ts¥thle￿d tyuslw the frxThne 8rnated to •nd m•lnt41n i
Ihue hall and plfjrfrwllek15, to wote£l al￿ malrt*n 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*￿tt*vu*e¢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 bqr*fftolil 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
<ontlrtutd ￿*$*Wher• M￿￿ten￿ I•￿d11t£￿ta reduce th• tyw•ll co# to PICU p•rtol• m•lnien•¢e
1•4s•. Thqrnls Itlll a1ty4rtr•mourtof morw rnc•l4•d lrnm PALbw tty•¥dsthe upkeep ofthe PIC ￿ets. The￿1[•8• hm
b•n•ffted w51h fvndlniw •1￿$1 Ponr¢ath ￿11$￿ Coundl In th¢ of a M>rkertorthe ¥lllwp aswell asth•
41m￿lty supplemented Chrfstm•stree5, wlth donth and supwt thls y••rdu• tothe amourt spenton the
lefv￿$hm¢fjt ofthe Mllknlum H•ll. fv IrKtyne from the ur pl￿1¢rthe ￿rwIS£61s￿*Trd r•rtsl IrKg>m••f
E2J25 asw•Jl •1 £514 tow•rds of th•thrlsimasTr¢esfry tr*vllay. Thls hu resulted In a totsl IrKome ot
£65.248.6012024.. £58,517.50). Atotsl of£83Jl&OI 1x124.. E45.n1931 ¥Ase%p*th (m upkeep •nd •¢lMl*s wtthln
Ih•¥lll•p olPtytr•th PAL hm •tso sp•nt furth rn m•lfti¢n•rtt•nd rn•n•ymem wltsdn the￿11￿￿*￿1 p
ANANCIAL REVlnV
AArplw of£11912024. £IL7341 hs•rl*n onwrtA￿lunth INS￿. ThshK dropped ￿e to 48nllk4nt VI￿11
¥l￿d ￿ The Mlllenlurn H•ll ¢eUkn8¥rKI Irrtern•l I￿•> PAL ¢onllrw tr*cmrffm m•rbWthIt and ffla1n1enan￿ to
redu￿ PIC dlretta>sts. *jth￿Ih lhxwtkx￿foreveIts hmdetre*Md duètothèlnu*•%ed costs th05￿1¢. the PIC WHI
recoVer￿th the Mllenhjm H*1 belrKq romrlete and abale toar¥J ween 4lKeswrrtlnual￿ malntslrnd for ￿l￿r
enjO￿eN. coniinue tobe p•ld •nd w8•nW bythe There Is •lso • b•11￿ ty*ed from PALof£333,401 that
8￿fOr1￿tufe Dl•rvsto be c4wnDkted and an Incrnese tnthefw￿5 ￿lance fty HC ￿15 the Irrterthn ofthe tharftvto
rn•jN￿p•Or$thttrn•y be rewred In re¥ert(*tr*urwise•frtyx 1X￿1n￿•r￿ Th¢Thistvs
ststerrnntot R•comm•rthl Pr•¢ike IOwrtUe$50APIFAS 1021
The annual report was apprth*d ￿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 PrnL*lcel 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 wl*h areset wtonpap6 to 15. YtyJr
RepoTUn8 bychartues prepJrin8 thdr accounts In acCorda￿et￿1th the FlnarKlal Reportbw Stsndard appll¢able In tr*UK
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•th*wrukJ 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 E*pondStur•
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•rh*fmrnt￿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
ArnwrtilpWdu*wlthlA 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 outhorl*d 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•tur*net•¥4ryt•supporttheryL
IorwAm￿•, •lkt•tln8WQPWtytoAs￿ftO0raT•￿QrP￿UpfA4￿d coststythelrww.
Th*elndudo th￿t￿ts￿￿b￿tr￿Ot01ke￿èrfrf9mrnp1•Trc**1￿￿n5l￿Uth￿lI0rrt1 mturoryrnqthmlhty 1ntlthl1￿￿KSfrn1￿C
mAfi•8emont•ndtru#•es r•lmb¥rsed upen5e5.
IrrntMr•bhVATts¢h•ryd 8B•iMth•ut•ooryofrq¥owrw•pwts*d lncwr•4hv￿*1iI￿ft pltsh l••b•¥r••rMnl
P.A.l41è rn0wp1yl￿Ior￿lvAT*ts￿￿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 rlJ*ofcfvin8a 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#p*dff•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
thelrMiiemwt*lu•.
FImnCl￿a$￿blnd Il•bllkies•re onl¥tyYMtththeA•tem•ffl olflMn¢lalK#MMon vthen. oThtywfi•nthqr• *tslS• Iwlty•nforc¢•We
ttosgtoff the ret4ni*d•mounts*nd thec￿￿ty1￿￿rtds•I￿￿rt&sett1ts￿1 netbwh, orto rn•llt• th•assèt•nds•tdtth•ll•blllty
IMncl8l•sJets•re dertwnhedwhen4nd ontrwhen 01 the¢ontTrcrwl r*htstothecByh fl¢J￿frQ￿th•fl￿nde11Yser￿p1re or4r•
Itw, bltheChgrftytr4n%ler%tr+•Nffjh¢r￿rvsth1&n¥ollY¥llQtth rtsk5 4￿1 rew7rdsofown¢rsh(pofthefln?¢￿1¢1as$et, orclth
C￿rI￿desP￿ h*ln8rfothed 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 AMotl*tlon Umlted
(The eoar(l of Dlrertors of Portreath AssG*latlon 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).