## Helston downsland charity Reg charity 235477 est 1818 Chairs’ Report 2020-2021 During the year the title to all our charitable lands has been transferred from the nominated trustees from 2007 to the Official Custodian of Charitable lands. The need to constantly seek the signatures of trustees who retired several years ago placed an unfair burden on them, particularly as some are not in good health and one of them has died in the past couple of years. The current account at the end of June stood at £29,069. Financially the charity has received the £10,000 non refundable deposit in relation to the 2 year option at Hospital Cross. The charity has not as yet received the payment of the rent for the land at Gays Hill for the year. The tenant has made an offer in light of the of the exceptionally challenging trading conditions that they faced throughout the year. Whilst they are trading at the moment, they were unable to open for Easter due to restrictions and are operating at a capacity of 55-60 % of their normal maximum whilst they apply Covid distancing and safety measures. It was the third year of a 5 year index linked rental agreement for the land. The charity should have received £2,716. The tenant has offered half for the year in question ( £1358) with a return to the index linked sum for the year 2021-22, £2789. I feel that it is appropriate for the charity to accept this offer given the exceptional trading conditions over the last 18 months. The charity has however paid the 31% of the rent due as its annual contribution towards the Helston Welfare Fund. This fund exists to support those in desperate need. The Charity trust fund experienced the financial challenges that most investments underwent during the first few months of the pandemic. At the worst point the value of the portfolio had dropped by 18%. The overall capital value of the portfolio has since been restored to pre pandemic levels. The yields generated and dividends also experienced challenges. The restrictions imposed by the Government on British banks paying dividends, to ensure bank liquidity reduced returns. This restriction has now been withdrawn by the government and the charity should receive good returns from the bank holdings. The general anticipation is that yields will be lower than usual for a broad basket of investments for the forthcoming year, whilst the worldwide economy adjusts to the aftermath of the pandemic. The charity allocated £36,500 at its grants meeting in September 2020. I have received thank you letters from all the recipients. The grants were vital during a very challenging period for all the groups involved. Since 2017 the charity has allocated £137,500 in grants to local good causes and community groups. This is considerably in excess of grants made by Helston Town Council. Fellow trustees may recall that shortly before the pandemic struck the charity sold the strip of land opposite the entrance to Lower Gunwin. This site which had been subject to considerable fly tipping of waste and was overgrown with invasive species has been subject to a massive effort by the new owner. She has created the Butterfly Wood project, an appropriate natural place of reflection in memory of her late son, whilst encouraging nature. Thousands of hours have been spent ridding the site of waste and restoring a natural habitat. Mrs Knight and her husband should be proud of their effory. The charity had to spend funds on urgent safety maintenance during the year. In late January a subterranean water pipe burst in the front field at Hospital Cross. This was saturating the entire field and wasting water. I managed to contact a local contractor on a Sunday evening who started work early the following morning, identifyied the exact location, excavated a deep trench, repairing the pipe and retuning the field to normal. The contractor also came to our assistance when an old drain cover collapsed on charity land. Unfortunately, this was a cover to the old petrol storage tanks for the Meneage Road filling station. Though the tanks have been emptied and appropriately filled this cover was over a void with a drop in excess of a metre. Anyone falling into the void would have suffered serious injury. I am grateful for the assistance provided by the grounds maintenance staff of Helston Town Council who provided a suitable number of large cones to warn people of the danger. The void can not be filled as there are also foul water drains passing through the space. This work required the replacement of the surround and a non standard heavy duty cover. This should be sufficient for the next 30 years or so. ## T.Grattan-Kane September 2021 HELSTON DOWNSLAND CHARITY ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL FUND RECEIPTS AND PAYMENTS ACCOUNT PAYMEIYTS 2021 2020 Rent Apportiontnent Helston Welfare Trust Insurance Bank Charges Legal Fees - Randle Thornas Professional Fees - Brewin Dolphin Professional Fees - Lodge & Thomas Commission - Vickery Holman Accountancy Fees Watei. leak repair Grass Cutting - Greenbank Advertising Grants.. CAST South Kerrier Alliance Age Concern Helston Arc Butterfly Wood Town Band Bowling Club St Michael's Church Helston RFC Helston CC Community Memory Cafe Helston Railway Air Cadets 863 605 98 3947 5849 600 1200 600 308 180 24 2000 2000 500 3000 500 7500 400 5000 5000 5000 500 2000 2000 49674 842 605 86 6454 600 600 180 2500 11867 GENE114L FUND Balance brought foNiard 1.4.20 Excess of Payments over Receipts Balance carried forward (9490) (22116) (31606) (28377) 18887 (9490} ENDOWMENT FUND Balance brought foiivard Net movement on Brewin Dolphin dealing account Increase (Decrease) in valuation of investments 608182 (22872) 104008 689318 672807 (26180) (38445) 608182 TOTAL FUND VALUE: 689318 608182 HELSTON DOWNSLAND CHARITY ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL FUND RECEIPTS AND PAYMENTS ACCOUNT RECEIPTS 2021 2020 Rental of Land Flambards 2716 Investment Income Investment Portfolio 17243 22126 Other Recei ts WWI Heritage Grant returned (part} Wayleave 315 Deposit land Hospital Cross (non refundable) 10000 Sale of land IK>wer Gunwin (Blackdowns) 312 10315 27558 5600 5912 30754 HELSTON DOWNSLAND CHARITY ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 STA TEMENT OF ASSETS AND LIABILITIES MONETARY ASSETS General Endowm¢ni Fund FLind 2021 2020 Brewin Dolphin- Dealing Accoiint Brewin Dolphin- Income Account Lloyds Business Account 67625460 15785 15785 1264 23922 1531 40135 65588 1264 24136 39921 1264 41185 INVESTMEf4TS AT VALUATION Share Portfolio Brewer Dolphin 648133 648133 648133 648133 544125 544125 Total Monetary Assets and Investments 1264 688054 689318 609713 OTHER ASSETS Freehold land, the income from which is shown in the Recipts and Payments Account, was valued on th¢ dates 51iown below by Messis Lodge & Thomas Chartered SuTveyors on an open market value basis wilh vacant possession as follows.. l. Land at Meneage Road and adjoining Greenbank Terrace 2. Land at Captains Lane Culdrose 3. Land at Blackdowns Helston opposite entrance to Lower Gunwin Farni sold 4. Land at Gays Hill Helston OS No. 2161, the Old Refuse Tip {17.06.2005) 5. Land at H05Pltal Cross Helsion (30.06.2020) 30000 1500000 1530000 HELSTON DOWNSLAND CHARITY ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 LIABILITIES memo onl 2021 2020 Accountancy Fees Professional Fees - Brewin Dolphin Rent Apportionment - Helston Welfare Trusl 600 1592 600 1550 845 2995 2192 The attached investment portfolio summary and notes fomi part of these accounts. Approved by the Trustees and signed on their behalf by: Trustee (Chainnan) Dale Trustee Date Independent Examiner's Report to the Trustees of HELSTON DOWNSLAND CHARITY We report on the accounts of the Trust for the year ended 31 March 2021, which are set oui on the attached pages. Respective Responsibilities of Trustees and Examiner The Charity's Truste¢s are responsible for the preparation of the accounts. Charity's Trustees consider that an audit is not required for this period (under section 144 of The Charities Act 2011 (The Charities Act), and that an independent examination is needed. It is our responsibility to- Examine the accounts (under section 145 of The Charities Act), To follow the procedures laid down in the General Dii'ections given by the Charity Commission (under section 145(5)(B) of The ch￿'It1¢S Act. and To state whether particular matters have corne to our attention. Basis of Independent Examiner's Report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes 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 disclosures in the accounts, and seeking explanations from the trustees concerning any such rnatters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the stat¢rnent below. Ind¢p¢ndenl Examiner's Statement In connection with our examination. no matter has come to our attention.. (i) which 8Lves us reasonable cause to believe that in any material respect the requiiem¢nts'. To keep accounting Tecords in a¢¢ordanc¢ with section 130 of The Charities Act To prepare accounts which accord with the accounting records and comply with the account requirements of The Charities Act have not been met (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Pryor, Begent, Fry & Co CHARTERED ACCOUNTANT 97 Meneage StreeL Helston, CoTnw211. TR13 8RE Dated: I September 2021