Cornwall Theatre Company Limited
(A Company Limited by Guarantee)
Legal and Administrative Information
The full name of the charity is Cornwall Theatre Company Limited.
The charity is also known by the names The Acorn, Penzance and The Acorn.
Directors
Paul Mullin Chair to 31/03/2024; sabbatical) Paul Inman (Chair from 01/04/2024) Andrew Edmonds Dave Hunter Alex Sowerby Jo Willsher Alastair Johnston Alva Davis (appointed 21/10/2024)
| Independent Examiner: | Dick Maule |
|---|---|
| The Cross House | |
| South | |
| Woodchester | |
| GL5 5EL | |
| Bankers: | Lloyds TSB |
| Market | |
| House | |
| Penzance | |
| TR18 2TN | |
| Date of incorporation: | 23rd September 1981 |
| Company registration no: | 1587249 |
| Registered o�ice: | The Acorn |
| Parade Street | |
| Penzance | |
| Cornwall | |
| TR18 4BU | |
| Charity registration no: | 283545 |
[1]
Introduc�on
In 2024, The Acorn experienced renewed momentum and posi�ve engagement from both our audiences and community partners. A�endance at events grew significantly, demonstra�ng a deepening apprecia�on for live arts in West Cornwall.
This report presents a comprehensive overview of our opera�onal, financial, and strategic performance during a year marked by both challenges and encouraging progress.
Opera�ng Performance
The Acorn operated at near full event capacity throughout the year, welcoming an enthusias�c public to a rich and varied live arts programme.
Financially, our work was sustained good �cket sales and the con�nued support of Cornwall Council. However, the ongoing cost of living crisis presented obstacles, impac�ng both our audiences and opera�onal expenses. Despite this, we responded proac�vely, adjus�ng �cket pricing and maintaining a commitment to accessibility, through our “pay what you are able” ini�a�ve to help us deliver on our primary charitable objec�ve: bringing a diverse programme of live performing arts to local people at affordable prices.
Fundraising efforts remained robust. We benefi�ed from generous community dona�ons and vital support from funding bodies including Cornwall Council, Penzance Town Council, and Arts Council England (via the Cultural Recovery Fund). Our fundraising partner, Two Green Magpies, played a crucial role in securing these resources. And plans for the con�nued physical improvement of our venue are also underway. A new staircase will soon enhance accessibility and audience flow.
We are proud to acknowledge the �reless contribu�ons of our core staff, including our Theatre Manager, Richie, Theatre Assistant, Hannah, Social Media Lead, Nicola, and Sound Technician, Steve.
Our opera�ons are underpinned by the unwavering dedica�on and good humour of over 60 volunteers and, of course, by our wonderful Trustees who keep us on track.
Governance and Strategy
The Board con�nued its development in 2024, welcoming a new Chair, Paul Inman, and Trustee Alva Davis, who began as a volunteer. Our trustees, all of whom serve without remunera�on, bring passion and exper�se to the dual roles of director and strategic advisor.
This year, the Board undertook a review of the Business Plan, aligning it with the postpandemic environment and establishing a clear four-year vision focused on and expanding our affordable, live arts programme, suppor�ng the development of Cornish ar�sts, while maintaining financial stability and environmental sustainability.
Events and Audiences
Over the course of the year, The Acorn hosted 184 events, drawing an impressive total audience of 19,306. This diverse offering reflects our mission to serve as a cultural hub for the region, with programming spanning music, theatre, spoken word, children’s events, comedy, circus, and more.
[2]
Financial Overview
Our Balance Sheet improved overall from a total of £413,000 to £448,853, an increase of 8.6%, while Fixed Assets rose from £359,838 to £379,616, year on year, an increase of 5.4%.
Income from Charitable Ac�vi�es rose over the year from £364,354 to £382,474, an increase of 5% whilst our total income rose from £439,508 to £497,846, an increase of over 13%.
Available Cash posi�on remains healthy at £78,196 – in Opera�ons; Capital Projects and Reserves Accounts.
Advance Ticket Sales at the year-end were reasonable at £11,631 and are held in a separate escrow account.
This has been achieved despite the extra burden of registering for VAT in respect of bar sales and the inclusion of PRS (Performing Right Society) fees.
The above figures include £10,000 support from Cornwall Council as a Strategic Arts Partner to support core costs and maintaining the Theatre as an Architectural and Cultural Asset.
We received £101,109 from the Levelling Up Fund (£86,109) administered by Cornwall Council and the Backstage Trust (£15,000) that enabled us to further improve the facili�es of the Theatre on behalf of our customers.
We are indebted to the people of Penzance and Penwith, the organisa�ons listed above and to Penzance Town Council and Cornwall Council for their con�nued support.
These figures reflect strong financial stewardship amid a complex economic landscape. Our commitment to future investment remains clear, with capital projects and sustainability ini�a�ves requiring con�nued fundraising.
Organisa�onal Structure and Management
Cornwall Theatre Company Limited is governed as a company limited by guarantee, in accordance with its Memorandum and Ar�cles of Associa�on. Our governance structures are regularly reviewed to ensure alignment with best prac�ces and the evolving needs of the organisa�on. Trustees remain confident in the adequacy of our assets and the robustness of our forward planning.
Mission and Objec�ves
Our mission—to enrich the cultural life of Penzance and West Cornwall through accessible, high-quality live arts—remains unchanged. We con�nue to promote the performing arts through live events, par�cipatory ac�vi�es, and educa�onal engagement, all offered with affordability and inclusion at their core.
Summary of Ac�vi�es
Our programming in 2024 included 82 music performances, 25 theatre produc�ons, 13 spoken word events, and a wide range of addi�onal genres including dance, film, children’s theatre, comedy and local cultural and literary fes�vals. These events engaged thousands of par�cipants and fostered vibrant community involvement.
[3]
| Genre | Number of Events Attendance | Number of Events Attendance |
|---|---|---|
| Theatre | 25 | 2,265 |
| Music | 82 | 6,769 |
| Tribute | 34 | 4,872 |
| Fundraiser | 3 | 329 |
| Magic | 1 | 160 |
| Dance | 1 | 112 |
| Comedy | 4 | 496 |
| Spoken Word | 13 | 2,480 |
| Circus | 4 | 341 |
| Craft | 1 | N/A |
| Film | 2 | 153 |
| Children’s | 9 | 921 |
| Panto | 4 | 338 |
| Private Hire | 1 | N/A |
| Totals | 184 | 19,306 |
Volunteer Contribu�ons
A cornerstone of our success is our extraordinary volunteer base. In 2024, 61 ac�ve volunteers contributed over 4,260 hours, offering essen�al support in event delivery, maintenance, and governance.
Valued conserva�vely at minimum wage, their efforts represent a contribu�on of approximately £52,014—an inspiring testament to community spirit.
Looking Ahead
Our future plans are both ambi�ous and achievable. Priori�es include securing funding for addi�onal administra�ve hours to reduce pressure on our current staff, con�nuing to schedule events up to nine months in advance, and enhancing our drama programme to a�ract larger acts.
Comple�on of our venue refurbishment—80% of which is already done—remains a strategic goal, with around £150,000 worth of investment s�ll required. Recent improvements to ligh�ng, hea�ng, and toilet facili�es will be followed by, in no par�cular order, upgrades to our PA system, Fire Alarm System, sea�ng, stage, security systems, external ligh�ng and a new staircase.
Sustainability is a central focus, so we are also ac�vely exploring funding for solar panels, heat pumps, and a li� replacement to ensure carbon neutrality and full accessibility by 2030.
Governance will be further strengthened through ongoing trustee and volunteer recruitment, policy reviews, and the annual review of our strategy and business plan.
Reserves and Financial Planning
Our reserves policy aims to maintain a risk reserve of £36,000, equivalent to approximately three months of core running costs.
[4]
We con�nue to move toward shared income event models, with risks assessed on a case-bycase basis. Budgetary priori�es include maintaining long-term viability in the face of increasing local compe��on, expanding programming, increasing reserves, and inves�ng in community engagement and arts projects through targeted grant funding.
Forward Outlook
The 2025 to 2027 period will present con�nued challenges, but our strategy is clear, and our strong financial forecas�ng means that we can an�cipate and respond to challenges ahead. We will broaden our event offerings, enhance marke�ng to generate increased audience numbers, and manage discre�onary spending with care.
With Cornwall Council’s annual grant of £10,000 and income generated from our charitable ac�vi�es, we remain commi�ed to opera�ng with efficiency and purpose.
Trustees’ Responsibili�es
Trustees are responsible for selec�ng appropriate accoun�ng policies, preparing accounts on a going concern basis, and ensuring compliance with relevant standards and legisla�on.
They are also charged with safeguarding the charity’s assets, maintaining accurate records, and preven�ng fraud.
Accounts Prepara�on
The Trustees, in their capacity as directors, state that the accounts have been prepared in accordance with the special provisions of the Companies Act 2006 rela�ng to small companies.
In so far as the trustees are aware there is no relevant informa�on of which the charitable company’s examiner is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant informa�on and to establish that the examiner is aware of that informa�on.
Signed:
Paul Mullin Director and Chair, Board of Trustees (from 7[th] April 2025)
Date:
[5]
Independent Examiner's Report to the Trustees of CORNWALL THEATRE COMPANY LIMITED
I report on the accounts of the company for the year ended 31[st] December 2024 which are set out on pages 7 to 14.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Dick Maule FCA
The Cross House, South Woodchester GL5 5EL
Date
6
CORNWALL THEATRE COMPANY LIMITED
Balance sheet as at 31st. December 2024
| Notes Fixed assets Tangible assets 2 Current assets Stock Debtors and prepayments 3 Cash at bank and on hand Current liabilities Creditors: amounts falling due within 12 months 4 Net Current assets Creditors: amounts falling due after 12 months 4 Net assets Restricted funds Unrestricted funds General funds Designated funds Revaluation Reserve Total funds |
2024 £ 9,620 (261) 78,196 87,555 (18,319) |
£ 379,616 69,237 - 448,853 - 69,237 255,769 123,847 448,853 |
2023 £ 359,838 |
|---|---|---|---|
| 5,000 16,707 41,886 |
|||
| 63,593 (10,431) |
|||
| 53,162 - |
|||
| 413,000 | |||
| - 161,488 132,665 118,847 |
|||
| 413,000 |
For the year ended 31st December 2024
The company was entitled to the exemption from audit under section 477[2] of the Companies Act 2006
The members have not requested the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of the accounts. The financial statements have been prepared in accordance with the
provisions applicable to companies subject to the small companies` regime.
These financial statements were approved by the Trustees on.............
On behalf of the Trustees ...............................
dated:-
7
CORNWALL THEATRE COMPANY LIMITED
Statement of Financial Activities [including Income and Expenditure Account] for the year ended 31st. December 2024
| Unrestricted Restricted Total Funds Funds Funds Notes 2024 2024 2024 £ £ £ Income from Investments: Interest receivable 801 - 801 Donations and legacies 3,462 3,462 Sponsorship - - - Insurance claim - - Charitable activities: Grants and contracts 9 10,000 101,109 111,109 Income from theatre's activities 10 382,474 - 382,474 Total 396,737 101,109 497,846 Expenditure on: Charitable activities 11 190,946 - 190,946 Fundraising 8,142 8,142 Costs of generating theatre income 11 267,906 - 267,906 Total 466,994 - 466,994 Net income [expenditure] for the year (70,256) 101,109 30,853 Transfers between funds 101,109 (101,109) - Other recognised gains/ [losses] Gains on revaluation of fixed assets 5,000 - 5,000 Net movement in funds: 35,853 - 35,853 Total funds at 1st. January 2024 413,000 - 413,000 Total funds at 31st. December 2024 448,853 - 448,853 |
2023 £ 907 806 - 63,440 10,000 364,354 |
|---|---|
| 439,508 | |
| 171,741 5,051 245,436 |
|
| 422,228 | |
| 17,280 - 5,000 |
|
| 22,280 390,720 |
|
| 413,000 |
8
CORNWALL THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024
(1) Principal Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.
(a) Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial
statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) as updated by Update Bulletin 2,
the Charities Act 2011 and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
(b) Fund accounting
[i] Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
[ii]Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
[iii] Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Income
Income is included in the statement of financial activities when the charity
is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
[i] Income received by way of grants, donations and gifts and is included in full
in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when
the charity becomes unconditionally entitled to the grant.
[ii] Donated services and facilities are included at the value to the charity where this can be quantified.
[iii]The value of services provided by volunteers has not been included in these accounts.
[iv] Investment income is included when receivable.
[v]Income from charitable trading activity are accounted for when earned.
[vi]Income from grants, where related to performance and specific deliverables,
are accounted for as the charity earns the right to consideration by its performance.
(d) Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered
[i]Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
[ii] Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated dirctly to such activities and those costs of an indirect nature necessary to support them [iii]All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
9
CORNWALL THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024
(1) Principal Accounting Policies
Freehold land and building was valued in 2016 by a qualified valuer.
| Freehold land and building was valued in 2016 by a qualified valuer. | Freehold land and building was valued in 2016 by a qualified valuer. | |||
|---|---|---|---|---|
| The trustees are of the opinion that this valuation also reflects the situation at 31.12.21. | ||||
| Other tangible fixed assets are written off over the expected useful life of the asset, | ||||
| on the straight line method for all items costing over £1,000. | ||||
| Freehold building 2% | Equipment 10-20% | |||
| Note 2: Fixed Assets | ||||
| Freehold | Fittings and | |||
| Land & Building | Equipment | Total | ||
| Balance brought forward | 338,847 | 270,104 | 608,951 | |
| Revaluation in the year | 5,000 | - | 5,000 | |
| Additions in the year | 75,126 | - | 75,126 | |
| 418,973 | 270,104 | 689,077 | ||
| Depreciation | ||||
| Balance brought forward | 88,847 | 160,266 | 249,113 | |
| charge for the year | 12,513 | 47,836 | 60,349 | |
| 101,360 | 208,102 | 309,462 | ||
| Net book value as at 31st December 2024 | 317,613 | 62,003 | 379,616 | |
| Net book value as at 31st December 2023 | 250,000 | 109,838 | 359,838 | |
| Note 3: Debtors and prepayments | ||||
| Analysis of debtors | 2024 | 2023 | ||
| £ | £ | |||
| VAT and Accounts receivable | (261) | 16,707 | ||
| Note 4: Accounts Payable and accruals | ||||
| Analysis of Accounts Payable | 2024 | 2023 | ||
| £ | £ | |||
| Other | 1,721 | - | ||
| Ticket sales in advance | 10,207 | 8,643 | ||
| Bank loan due within 12 months | - | - | ||
| Accounts Payable | 5,865 | 1,263 | ||
| Accruals and deferred income | 525 | 525 | ||
| Total | 18,319 | 10,431 | ||
| Falling due after 12 months | ||||
| Bank Loan | - | - |
Note 5: Capital Commitments and contingent liabilities
There are no capital commitments this year.
10
CORNWALL THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024
Note 6: Employee information
| CORNWALL THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 |
||||
|---|---|---|---|---|
| Note 6: Employee information | 2024 | 2023 | ||
| Number of employees | 1 | 1 | ||
| No employee received emoluments of more than £60,000. | Nil | Nil |
Note 7: Trustees information
Trustees remuneration and expenses for the year were nil (2023 - nil)
Note 8: Movement in Funds
| Balances | Income | Expenditure | carried | |||
|---|---|---|---|---|---|---|
| brought forward | Transfers | forward | ||||
| Restricted funds | £ | £ | £ | £ | £ | |
| Grants | ||||||
| Cornwall Council Levelling up | 86,109.00 | (86,109.00) | ||||
| Backstage Trust | 15,000.00 | (15,000.00) | ||||
| 101,109 | (101,109) | |||||
| Revaluation Reserve | 118,847 | - | - | 5,000 | 123,847 | |
| Unrestricted Funds | ||||||
| Designated Funds | ||||||
| Land & Buildings reserve | 132,665 | - | - | 123,104 | 255,769 | |
| General Funds | 161,488 | 396,737 | (466,994) | (21,995) | 69,237 | |
| Total Funds | 413,000 | 396,737 | (466,994) | 106,109 | 448,853 |
The Revaluation Reserve reflects the building revaluation in 2016, depreciation on the building is transferred annually. The building was previously revalued by £30,000 in 2007.
The Land & Building Designated Fund was created in 2015 and represents the Net Book Value of the property less loan outstanding and revaluation reserve
| Note | 9: | Unrestricted grants received | 2024 | 2023 | ||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Cornwall County Council | 10,000 | 10,000 | ||||
| Note | 10: | Income from activities | ||||
| Rental Income | 8,645 | 7,353 | ||||
| Bar Takings | 91,193 | 95,131 | ||||
| Box Office | 281,345 | 261,230 | ||||
| Other | 1,290 | 640 | ||||
| 382,474 | 364,354 |
11
CORNWALL THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 Note 11: Expenditure
| Note 11: Expenditure |
|||
|---|---|---|---|
| Charitable | Total | ||
| actitivities | 2023 | ||
| £ | £ | ||
| Wages | 79,107 | 65,239 | |
| Rent, rates, waste and water | 1,568 | 3,300 | |
| Insurance | 5,618 | 4,779 | |
| Post, photocopier and stationery | 1,106 | 1,548 | |
| Telephone | 871 | 1,101 | |
| Repairs and maintenance | 14,634 | 8,860 | |
| Independent examiners' fees | 525 | 525 | |
| Depreciation | 60,349 | 52,836 | |
| Cleaning and laundry | 35 | 101 | |
| Grant funded support & freelance fees | 8,517 | 13,674 | |
| Light and Heat | 12,821 | 8,243 | |
| Legal and Professional | 4,344 | 734 | |
| Non capitalised equipment | 10,227 | ||
| Hospitality | 399 | 577 | |
| Trustees meetings and expenses | - | ||
| Sundry | 1,053 | - | |
| Total | 190,946 | 171,741 | |
| Theatre Company Operating Costs | |||
| Bar Purchases | 34,170 | 39,273 | |
| Commission and Charges | 166,230 | 160,997 | |
| Bar staff and wages | 29,026 | 26,249 | |
| Performing Rights Society | 9,683 | - | |
| Bank and credit card charges | 9,229 | 2,210 | |
| Advertising and Marketing | 19,568 | 16,707 | |
| Total | 267,906 | 245,436 | |
| Fundraising | 8,142 | 5,051 | |
| Total expenditure | 466,994 | 422,228 |
Note 12: Analysis of net assets between funds
| Unrestricted | Restricted | Designated | Revaluation | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Reserve | Total | |||
| £ | £ | £ | £ | £ | |||
| Fixed assets | - | - | 255,769 | 123,847 | 379,616 | ||
| Current assets | 87,555 | - | - | - | 87,555 | ||
| Current liabilities | (18,319) | - | - | - | (18,319) | ||
| Long term liabilities | - | - | - | - | - | ||
| 69,237 | - | 255,769 | 123,847 | 448,853 |
12
CORNWALL THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024
Note 13: Analysis of prior year funds to comply with FRS102.
CORNWALL THEATRE COMPANY LIMITED
Statement of Financial Activities [including Income and Expenditure Account] for the year ended 31st. December 2023
| Unrestricted Restricted Total Funds Funds Funds 2023 2023 2023 £ £ £ Income from Investments: Interest receivable 907 - 907 Donations and legacies 806 806 Sponsorship - - - Insurance claim 63,441 63,441 Charitable activities: Grants and contracts 10,000 - 10,000 Income from theatre's activities 364,354 - 364,354 Total 439,508 - 439,508 Expenditure on: Charitable activities 153,530 18,211 171,741 Fundraising 5,051 5,051 Costs of generating theatre income 245,436 - 245,436 Total 404,017 18,211 422,228 Net income [expenditure] for the year 35,491 (18,211) 17,280 Other recognised gains/ [losses] Gains on revaluation of fixed assets 5,000 - 5,000 Net movement in funds: 40,491 (18,211) 22,280 Total funds at 1st. January 2023 372,509 18,211 390,720 Total funds at 31st. December 2023 413,000 - 413,000 |
2022 £ 47 - 1,025 - 57,642 225,351 |
|---|---|
| 284,065 | |
| 118,863 14,385 165,403 |
|
| 298,651 | |
| (14,586) 5,000 |
|
| (9,586) 400,306 |
|
| 390,720 |
13
CORNWALL THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024
Note 13: Analysis of prior year funds to comply with FRS102. Movement in Funds
| Movement in Funds | |||||||
|---|---|---|---|---|---|---|---|
| Balances | Income | Expenditure | carried | ||||
| brought forward | Transfers | forward | |||||
| Restricted funds | £ | £ | £ | £ | £ | ||
| Grants | |||||||
| Foyle Foundation | 18,211 | - | (18,211) | - | - | ||
| Revaluation Reserve | 113,847 | - | - | 5,000 | 118,847 | ||
| Unrestricted Funds | |||||||
| Designated Funds | |||||||
| Land & Buildings reserve | 135,695 | - | - | (3,030) | 132,665 | ||
| General Funds | 122,967 | 444,508 | (404,017) | (1,970) | 161,488 | ||
| Total Funds | 390,720 | 444,508 | (422,228) | - | 413,000 |
14