This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2026-03-31-accounts
|
Page |
Page |
| Report of the Board of Trustees |
1 —13 |
|
| Independent auditors' report |
14- |
17 |
| Statement of financial activities |
|
18 |
| Balance sheet |
19 - |
20 |
| Notesto the financial statements |
21- |
29 |
|
Net |
income available |
Grants |
Grants |
|
| Year |
|
for distribution |
approved |
withdrawn |
Net grants |
|
|
£ |
£ |
£ |
£ |
| 1991 |
|
100,000 |
69,000 |
- |
69,000 |
| 1992 |
|
199,161 |
177,880 |
- |
177,880 |
| 1993 |
|
199,705 |
189,500 |
- |
189,500 |
| 1994 |
|
186,248 |
178,000 |
- |
178,000 |
| 1995 |
|
162,829 |
238,129 |
- |
238,129 |
| 1996 |
|
181,452 |
156,095 |
- |
156,095 |
| 1997 |
|
189,893 |
151,328 |
(5,000) |
146,328 |
| 1998 |
|
219,545 |
154,783 |
(5,000) |
149,783 |
| 1999 |
|
303,354 |
442,050 |
|
442,050 |
| 2000 |
|
305,629 |
1,669,942 |
(11) |
1,669,931 |
| 2001 |
|
312,237 |
88,827 |
(815) |
88,012 |
| 2002 |
|
291,397 |
416,332 |
(620) |
415,712 |
| 2003 |
|
264,573 |
1,060,912 |
- |
1,060,912 |
| 2004 |
|
259,917 |
71,003 |
(30,000) |
41,003 |
| 2005 |
|
240,283 |
367,000 |
(14,273) |
352,727 |
| 2006 |
|
244,842 |
260,295 |
(50,004) |
210,291 |
| 2007 |
|
249,754 |
60,750 |
(10,882) |
49,868 |
| 2008 |
|
278,893 |
1,016,789 |
(108,004) |
908,785 |
| 2009 |
|
275,891 |
137,079 |
(2,683) |
134,396 |
| 2010 |
|
192,906 |
155,030 |
(443) |
154,587 |
| 2011 |
|
175,394 |
129,975 |
(7,495) |
122,480 |
| 2012 |
|
159,141 |
169,048 |
(32,796) |
136,252 |
| 2013 |
|
175,878 |
145,119 |
|
145,119 |
| 2014 |
|
169,900 |
283,137 |
(17,653) |
265,484 |
| 2015 |
|
194,214 |
194,700 |
(305) |
194,395 |
| 2016 |
|
177,686 |
163,771 |
(20,000) |
143,771 |
| 2017 |
|
182,654 |
71,130 |
(20,371) |
50,759 |
| 2018 |
|
192,719 |
118,100 |
(650) |
117,450 |
| 2019 |
|
190,536 |
147,030 |
|
147,030 |
| 2020 |
|
179,379 |
159,866 |
(1,580) |
158,286 |
| 2021 |
|
177,738 |
207,275 |
(1,301) |
205,974 |
| 2022 |
|
179,486 |
152,687 |
- |
152,687 |
| 2023 |
|
199,778 |
204,210 |
(3,216) |
200,994 |
| 2024 |
|
217,100 |
549,772 |
(5) |
549,767 |
| 2025 |
|
236,904 |
355,637 |
(40,502) |
315,135 |
| 2026 |
|
210,650 |
317,945 |
(9,450) |
308,495 |
|
|
|
10,430,126 |
(383,059) |
10,047,067 |
| he Board members serving during the year and si |
nce the year end were as follows: |
|
|
Dateof original |
Dateof last |
|
election |
election |
| Dr B Vann (F) (G) (Resigned 19.12.25) |
24.09.01 |
02.12.24 |
| Mr M Williams(F) (G) (Secretary) |
20.10.14 |
13.10.23 |
| Dr JA Evers (G) |
29.01.18 |
02.12.24 |
| Dr TJ Anderson(G) |
25.02.18 |
02.12.24 |
| Ms K Hutchinson (G) |
09.05.22 |
13.11.23 |
| Ms GS Coley (G) (Resigned 10.11.25) |
13.11.23 |
13.11.23 |
| Miss OCF Miller (F) (G) |
13.11.23 |
13.11.23 |
| Prof AD Woolf (G) |
13.11.23 |
13.11.23 |
| Miss J Taylor(G) |
13.11.23 |
13.11.23 |
| Ms TJ Roose (G) |
02.12.24 |
02.12.24 |
| Mrs LMA Walsh (G) |
02.12.24 |
02.12.24 |
| Mr SW Burnett (F) (G) |
02.12.24 |
02.12.24 |
| Prof E Bland (Chair) |
10.11.25 |
10.11.25 |
(incorporatingincome and expend
For the yearended 31 March 2026 |
iture acco |
unt) |
|
HEAL
CHAR |
|
|
Unrestricted |
2026 |
2025 |
|
Notes |
funds |
Total |
Total |
|
|
£ |
£ |
£ |
| Income: |
|
|
|
|
| Investments |
3 |
277,765 |
277,765 |
281,198 |
| Total income |
|
277,765 |
277,765 |
281,198 |
| Expenditureon: |
|
|
|
|
| Charitable activities |
4 |
375,610 |
375,610 |
359,429 |
| Total expenditure |
|
375,610 |
375,610 |
359,429 |
Netexpenditureforthe year
before (losses)/gainson investments |
|
(97,845) |
(97,845) |
(78,231) |
| (Losses)/gains on investments |
|
(281,907) |
(281,907) |
246,550 |
| Net (expenditure)/incomefortheyear |
|
|
|
|
| and net movementin funds |
|
(379,752) |
(379,752) |
168,319 |
| Reconciliation of funds |
|
|
|
|
| Total funds brought forward |
|
5,787,476 |
5,787,476 |
5,619,157 |
| Total funds carried forward |
|
5,407,724 |
5,407,724 |
5,787,476 |
|
|
|
|
|
|
| Balance sheet |
|
|
|
|
THEDUCHY |
| As at 31 March 2026 |
|
|
|
|
HEALTH
CHARITY |
|
|
|
2026 |
|
2025 |
|
Notes |
|
|
£ |
|
| Fixed assets |
|
|
|
|
|
| Investments |
11 |
|
5,407,046 |
|
5,768,454 |
| Current assets |
|
|
|
|
|
| Debtors |
12 |
55,376 |
|
3,274 |
|
| Cash at bank - deposit accounts |
|
60,958 |
|
114,417 |
|
| Cash at bank - current account |
|
5,000 |
|
5,000 |
|
| Total current assets |
|
121,334 |
|
122,691 |
|
| Creditors: amounts falling due within |
|
|
|
|
|
| one year |
13 |
(105,656) |
|
(103,669) |
|
| Net current assets |
|
|
15,678 |
|
19,022 |
| Total assets less current liabilities |
|
|
5,422,724 |
|
5,787,476 |
| Creditors: amounts falling due after |
14 |
|
(15,000) |
|
|
| more than one year |
|
|
|
|
|
| Netassets |
15 |
|
5,407,724 |
|
5,787,476 |
| Funds ofthe charity |
|
|
|
|
|
| Unrestricted funds |
16 |
|
5,407,724 |
|
3,782,511 |
| Unrestricted funds - revaluation reserve |
16 |
|
|
|
2,004,965 |
| Total charity funds |
|
|
5,407,724 |
|
5,787,476 |
| Inve |
stmentincome |
|
|
|
|
2026 |
2025 |
|
|
£ |
£ |
| Bank |
interest |
6,213 |
6,069 |
| Listed |
investment income |
271,552 |
275,129 |
|
|
277,765 |
281,198 |
| Expenditureon charitable activities |
|
|
|
2026 |
2025 |
|
£ |
|
| Grants payable(note 5) |
308,495 |
315,135 |
| Awards |
2,000 |
1,000 |
| Conference |
19,271 |
|
| DHC Plaques |
1,025 |
|
| Support costs (note 6) |
44,819 |
43,294 |
|
375,610 |
359,429 |
s
ing partofthe financial statements)
Grants payable |
|
THE
HE
CH- |
|
2026 |
2025 |
|
£ |
£ |
| A Band of Brothers |
|
15,000 |
| Bournemouth Symphony Orchestra |
9,669 |
|
| The Chaos Group |
61,024 |
39,072 |
| Children's Sailing Trust |
10,000 |
|
| Cirque du Ciel |
|
15,000 |
| Citizen's Advice Cornwall |
24,896 |
|
| Citizenship for Life —Young Citizenship Champions |
10,700 |
|
| Compassionate Friends |
|
2,500 |
| Cornwall Hospice Care Ltd — Fit for the Future |
24,550 |
|
| Cornwall Neighbourhoodsfor Change — Help in the Waiting |
28,978 |
|
| Room |
|
|
| Dentaid |
|
20,000 |
| Drama Express |
5,000 |
|
| Ellen MacArthur Trust |
|
11,000 |
| Forget Me Not Chorus |
10,000 |
|
| Friends of Wadebridge Sports & Leisure Centre |
|
49,989 |
| Georgia's Voice — Lifesaving Support for Young Women in |
30,000 |
|
| Cornwall |
|
|
| Homestart Kernow |
9,866 |
|
| Humphry Davy School, Penzance (1) |
|
71,591 |
| Joss Searchlight |
3,750 |
|
| Look Good Feel Better |
3,432 |
|
| Maker with Rame Village Hall |
|
5,000 |
| Merlin Neuro Therapy Centre |
|
10,000 |
| National Literacy Trust |
|
24,000 |
| Ready for Good |
|
5,000 |
| Samaritans of Cornwallat Truro |
|
21,817 |
| Sense —Got Group Sense |
5,000 |
|
Sensory Trust — Creative spaces
St Ives School of Painting |
10,000
5,580 |
|
| The Compassionate Friends |
2,900 |
|
| The Island Trust |
2,100 |
|
| The Pearl Exchange |
10,000 |
|
| The Richard Dimbleby Cancer Fund |
5,500 |
|
| The Sparkle Foundation |
|
10,000 |
| Truro College (via Chaos) |
10,000 |
|
| Truro Methodist Church |
|
20,000 |
| Truro Nourish hub CIC |
5,000 |
|
| Wave Project (2) |
25,000 |
|
| Whole again Communities — Live Younger Better |
5,000 |
|
| Young People Cornwall (Launceston Health Inequality Hub) |
|
35,668 |
| Grants withdrawn |
(9,450) |
(40,502) |
|
308,495 |
315,135 |
| 6 |
Support costs |
|
|
|
|
2026 |
2025 |
|
|
£ |
£ |
|
Wages and salaries (note9) |
19,008 |
18,501 |
|
Admin support |
1,388 |
|
|
Office facilities, postage & stationery |
1,314 |
1,592 |
|
Telephone |
201 |
778 |
|
Public relations |
|
626 |
|
Sundry expenses |
969 |
583 |
|
Bank charges |
200 |
160 |
|
Insurance |
973 |
420 |
|
Website and IT costs |
4,882 |
9,416 |
|
Memberships |
398 |
425 |
|
Storage costs |
406 |
364 |
|
Governance (note 7) |
15,080 |
10,429 |
|
|
44,819 |
43,294 |
| 7 |
Governancecosts |
|
|
|
|
2026 |
2025 |
|
|
£ |
£ |
|
Audit & accountancy fees |
6,332 |
4,390 |
|
Professional fees |
5,400 |
2,410 |
|
Trustee indemnity |
726 |
1,692 |
|
insurance |
|
|
|
Venue costs |
2,622 |
1,937 |
|
|
15,080 |
10,429 |
| 8 |
Netmovementinfunds |
|
|
|
|
2026 |
2025 |
|
|
£ |
£ |
|
Is stated after charging: |
|
|
|
Auditors' remuneration |
4,832 |
4,030 |
|
Auditors remuneration — non audit |
1,500 |
360 |
|
services |
|
|
| Staff costs |
|
|
|
2026 |
2025 |
|
£ |
£ |
| Salaries |
18,100 |
17,527 |
| Pension costs (see note |
356 |
339 |
| 2.3) |
|
|
| Other expenses |
552 |
635 |
|
19,008 |
18,501 |
| icant holdings |
includ |
ed in fixed |
asset inves |
tmen |
ts at 3 |
1 |
March 2 |
026 |
were as f |
ollows: |
|
|
|
|
|
|
|
|
|
|
Market |
|
|
|
|
|
|
|
|
|
|
Value |
| 303,429.1133 |
COLA |
Charities |
Investment |
Fund |
Units |
at |
£17.82 |
per |
unit |
5,407,046 |
|
|
|
|
|
|
|
|
|
|
5,407,046 |
| 12 |
Debtors |
|
|
|
|
2026 |
2025 |
|
|
£ |
£ |
|
Prepayments |
439 |
3,274 |
|
Accrued income— COLA |
45,385 |
|
|
Other debtors |
9,552 |
|
|
|
55,376 |
3,274 |
| 13 |
Creditors: amounts falling due within one year |
|
|
|
|
2026 |
2025 |
|
|
£ |
£ |
|
Duchy Bond loans |
5,655 |
5,655 |
|
Grants payable |
93,132 |
93,888 |
|
Other creditors |
69 |
66 |
|
Accruals and deferred income |
6,800 |
4,060 |
|
|
105,656 |
103,669 |
| 14 |
Creditors: amounts falling due in more than one year |
|
|
|
|
2026 |
2025 |
|
|
£ |
£ |
|
Grants payable |
15,000 |
|
| Analysis of net assets between funds |
|
|
|
Unrestricted |
31 March |
|
funds |
2026 |
|
£ |
£ |
| Fixed assets |
5,407,046 |
5,407,046 |
| Current assets |
121,334 |
121,334 |
| Current liabilities |
(105,656) |
(105,656) |
| Non-current liabilities |
(15,000) |
(15,000) |
|
5,407,724 |
5,407,724 |
|
Unrestricted |
31 March |
|
funds |
2025 |
|
£ |
£ |
| Fixed assets |
5,768,454 |
5,768,454 |
| Current assets |
122,691 |
122,691 |
| Current liabilities |
(103,669) |
(103,669) |
|
5,787,476 |
5,787,476 |
| Currentyear |
At
1 |
|
|
|
|
At 31 |
| funds |
April |
Total |
Total |
Investment |
|
March |
| movement |
2025 |
income |
expenditure |
losses |
Transfers |
2026 |
|
£ |
|
£ |
|
£ |
|
| Generalfund |
3,782,511 |
277,765 |
(375,610) |
|
1,723,058 |
5,407,724 |
| Revaluation |
2,004,965 |
|
- |
(281,907) |
(1,723,058) |
|
| reserve |
|
|
|
|
|
|
| Total |
5,787,476 |
277,765 |
(375,610) |
(281,907) |
- |
5,407,724 |
Prioryear
funds |
At 1
April |
Total |
Total |
Investment |
|
At 31
March |
| movement |
2024 |
income |
expenditure |
gains |
Transfers |
2025 |
|
£ |
£ |
|
£ |
£ |
£ |
| Generalfund |
3,800,752 |
281,198 |
(359,429) |
59,990 |
- |
3,782,511 |
| Revaluation |
1,818,405 |
|
|
186,560 |
- |
2,004,965 |
| reserve |
|
|
|
|
|
|
| Total |
5,619,157 |
281,198 |
(359,429) |
246,550 |
- |
5,787,476 |
| o 3 |
1 |
March 2026: |
|
|
|
|
|
|
E |
| Ms |
K |
Hutchinson |
Chaos Group |
61,024 |
| o 31 |
March 2025: |
|
|
|
|
|
£ |
| Ms |
K Hutchinson |
Chaos Group |
39,072 |
| Mrs |
S-J Coode |
Merlin Neuro Therapy Centre |
10,000 |
| Ms |
G Coley |
Friends of Wadebridge Sports & Leisure |
49,989 |
|
|
Centre |
|