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2023-03-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Trustees'
Report		 2to 8
Independent
Examiner's		 Report
Statement
of Financial		 Actiraties 10
Balance Sheet 11to 12
Notes to the Financial Statements 13to 29

T rus tees ' Report
2, Volunteering
The relaunch
of the scheme		 has seen volunteers helping at events
and activities,
in the office and
with		 site
management.
This
has		 helped to raise
awareness		 of the
Trust
and
its
work
but
also
provided		 health,
socilalisation
and
wellbelng		 benefits for the volunteers. Ultimately
it is hoped
that the scheme
will expand		 so
that cost-savings
and income		 generation
are		 also enjoyed.
3.Fundraising
Following
the success of		 the Culture
Recovery		 Grant, and
the
impact
it had
on the TruSt, the
Fundraising
Strategy
has become an		 important guiding document. The following
table
illustrates
how this has translated
Into generating
external		 funding from
funders,		 Trusts and
Foundations
to enable
the
growth
of the		 work
undertaken
by CHT:
Funder Amount Description
NLCF jubilee
Fund		 E49,832 Volunteering
and community
engagement
Banister Chantable
Trust		 E19,942 Bco-surveys,
management
plans and the Ranger
rale
Garfield Weston
Fund		 E30,000 Linrestricted
Focused on Treffry and the Luxulyan
branch		 ime.
GWR Fund E10,105 It includes a film ofjohn Smith talking
about
viaduct,
Story Cafes and path clearance		 the
volunteering
opportunities
Tree work, interpretation
and some rudimentary
Histonc
England
—StCleer		 E8,130 structural
works. CHT had to commit a
maximum
off975 mainly
in Story Cafe and
portaloo costs!
Vegetation
management,
access improvements,
Historic England
—Caer Bran		 E19,912 fencing and interpretation.
CHT had to commit
E2.5K.
Cornwall
Council
—Castle		 an Dinas E35,000 To be spent on mterpretation
and car park
improvements
by the end of March 2023
Penwith
Landscape
Proieot
grants - Discovery
Club		 Small E3 000 Outreach
project for young people
in Penwith
Tanner Trust E10,000 Interpretation
at Sancreed Beacon and
Trevanion
Culverhouse
Historic England
-Capacity
Grant		 Building Two-year
funding
for 0.5FTBofthe Ranger' s
time to undertake
volunteering
activities
in
Penwith
Cornwall
Community
Foundation		 f6,194 Creation of wellbeing
packs

T otal R
ecognised
 Gains and L
osses)
Unrestricted Restricted Total Total
Note funds
E		 funda
f		 2023
f		 2022
f.
Income and Endowments from:
Donations
and legacies		 3 163,702 148,504 312,206 123,990
Chantable
activities		 4 90,362 90,362 71,999
Other trading
activities		 5 5,218 5,218 1,793
Investment
income		 6 5 2296
Total income
Expenditure
on;
Raising
funds
Charitable
actwities		 7
8		 320418
(36,157)
~326 533		 150800
»5
(36,157)
~003~		 253
92
(42,288)
~223 349
Total expenditure (362,690) (24,003) (386,693) (265,637)
Gains/losses
on investment
assets		 ~203981 3
Net. (expenditure)/income
Transfers
between
funds		 (143,333) 123,877
~905		 (19,456) 122,568
Net movement
m funds		 (142,428) 122,972 (19,456) 122,568
Reconciliation
offunds
Total funds brought
forward		 2 697 581 2814903 2692
Total funds carried forward 23 2 555 153 240 294 2 795 447 2814903

g

Balance Sheet as at 31
March		 2023
2023 2022
Note 6
Fixed assets
Intangible
assets		 12 3,799 5,698
Tangible assets 13 364,415 328,598
Investments 14 2 201 002 2
Current assets
Stocks 15 2,843 1,350
Debtors 16 70,916 7,019
Cash at bank and in hand 17 201 535
275,294 113,931
Creditorsr
Amounts		 falling due within one year 18 19029 4 518
Net current assetS 256265 109 3
Total assets less current liabilities 2,826,361 2,814,903
Creditors. Amounts falling due after more than one year 19 30914
Net assets 2795447 28
Funds ofthe charity:
Restricted
income funds
Restricted
funds		 240,294 117,322
Unrestricted
income
Llnrestricted
funds
Totalfunds		 funds 795» 69 501
903

Unrestricted Restricted Total 2023 Total 2022
funds funds
0Onations
and gifts
Grants - Corporate
sponsorship
Grants
—Garfield Weston
Fund
Grants - Crib Hut		 123,639
10,063
30,000		 710 123,639
10,063
30,000
710		 68,111
3,250
Grants
Grants
Grants
Grants
Grants		 - Great Western
Railway
- National
Lottery (Jubilee
—Banister Charitable
Trust
- Cornwail
Wildlir'e Trust
- Tanner
Phoenix Trust		 Fund) 10,105
49,832
19,942
2,700
10,000		 10,105
89,832
19,942
2,700
10,000
Grants
Grants
Grants
Grants		 - Cornwall
Community
Foundation
—tlistonc England
- Cornwall
Council
- HMRC		 6,194
14,021
35,000		 6,194
14,021
35,000		 2,151
478
Grants - The Architectual
Heritage		 Fund 50 000
Tots
I		 163,702 148,504 312,206 123,990

Income from ch aritable
a		 ctivities
Unrestricted
funds Total Total
2023 2022
E
Enghsh llerltage Management fee 19,528 19,528 Ig 258
DEFRA Countryside Stewardship 7,092 7,092 7,092
Wayleave Payments 116 116 116
Memberships 63 626 63 626 45 533
3 99 362

3
Income from other trading ac		 tivities
Unrestl icted Total 2023 Total 2022
funds
Events 523 523
Miscellaneous 695
Tota
I		 5,218 5,218 1,793

6
Investm		 ent
Income
Unrestricted Restricted Total 2023 Total 2022
funds funds
Investment income 61 136 2 296 63 5»9
Total 61,136 2,296 63,432 55,710

7
Expend		 iture
on raising funds
Unrestricted Total 2023 Total 2022
funds
Fundraising and publicity:
Governance costs 539
Fundraiser costs 516 516 16,295
Support costs 24,905 24,905 13,115
investment management 12333
Total 33,137 36,157 42,287

AwardS Education Heritage Heritage Sites Total 2023
Promotion
Awards and grants
Education 23,891 23,891
Membership and 83,716 83,7/16
promotion
costs
Site maintenance / 75,961 75,961
management
Professional fees 8,725 4,307 13,032
Grant funding of 5,866 5,866
activities
Share of support casts 4,151 16,603 66,413 53,959 141,126
Share of governance 278 764 5,485 417 6,944
costs
Total 10,295 41,258 164,339 134,644 350,536
Analysis
by		 fund
Unrestricted funds 10,295 41,258 155,614 119,366 326,533
Restricted
funds		 0 2
003
Tota I 10,295 41,258 164,339 134,644 350,536
Awards Education Heritage Heritage Sites Total 2022
Promotion
Awards
and		 grants 240 240
Education 915 13,787 14,702
Membership and 4,913 22,105 27,018
promotion
costs
Site maintenance / 53,630 53,630
management
Professional
Grant funding		 fees
of		 15,770 34,621 34,621
l.5,770
accivities
Share of support costs 4,3/2 17,486 34,973 17,486 74,317
Share of governance 180 718 1,736 718 3,052
costs
Tots I 26,390 31,991 58,514 106,455 223,350
Analysis
by		 fund
Unrestricted funds 20,322 31,991 56,281 63,889 172,483
Restncted
Funds		 6 068 2 233 42 566 50 062
Total 26,390 31,991 58,514 106,455 223,350

Grants to institutions
2023 2022
6 6
Analysis
Grants payable 5 29

2023 2022
Wages and salaries 170,232 79,652
Other pension costs 2 569 9'2
Total 172,801 81,623

2023 2022
No No
12

12Intangible
fixed assets
Website
clesign Total
E E
Cost
At 1 April 2022 9 496 9496
At 31 March 2023
Amortisation
At 1 Apnl 2022 3,798 3,798
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023		 5 697
5 697
3»
99
At 31 March 2022

13Tangible fixed as sets
Land and Fixtures and Motor
buildings fittings vehicles A*collection Total
E E E E E
Coat
At 1 Apnl 2022
Additions
*
0 3		 317,382
666
318040		 41,331
2 367
3		 43 849
2,617
89»		 361,330
46 882
08»
Oepreciation
At 1 April 2022 32,732 32 732
Charge for the year 2 295 8 770
At 31 March 2023
Net book value
At 31 March 2023
*»		 318048
3
3		 5
8671
599		 8
35		 770 2 617 3
320 598

Other Investments
Listed ifntfsted
investments Investments
E		 Totalf
Cost or Valuation
At 1 April 2022 2,370,674 520 2,371,194
Revaluation (103,981) (103,981)
Additions
Dlsposals		 496,685
~562 0 6		 496,6S5
~56»
At 31 March 2023 520 220
0
Met book value
At 31 March 2023 22 5
At 31 March 2022 3 0676 520

15Stack
2023 2022
E
Raw materials
16Debtors
2023f 2022
E
Trade debtors 2,598
Prepayments 9,112 3,289
Accrued income 55,963
Other debtors 3 730
70 036
17Cash and cash equivalents
2023 2022
E E
Cash at bank

18Creditors: amounts falgng due within one year
2023
6		 2022
f
Trade creditors 4,944 1,172
Hire purchase and finance leases 5,926
Other creditors 2,464 823
Accruals 5555 2523
19Creditors: amounts falling due after one year
2023
6
Hire purchase and finance leases
20 Obligations under leases and hire purchase contracts
The total value of future minimum lease payments was as follows:
2023 2022
Operating
lease - within		 one year 696
Hire purchase - within
one year		 5,926
Hire purchase - between two and five years
Total 36,840 696

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Iinrestrlcted Total funds at
funds Restr Icted 31 Isarch
General funds 2023
6 6 6
Intangible
Fixed		 assets 3,799 3,799
Tangible fixed assets 341,060 23,355 364,415
Fixed asset investments 2,126,890 74,992 2,201,882
Current assets
Creditors
over 1		 year 248,754
~30954		 7,511 256,265
Total net assets 2 609 589 05 058 2 9
Unrestricted Total funds at
funds Restricted 31 fsarch
General funds 2022
6
Intangible
fixed		 assets 5,698 5,698
Tangible fixed assets 305,243 23,355 328,598
Fixed asset investments 2,293,281 77,913 2,371,194
Current assets
Total net assets		 26» 6 05
2»322		 09
28		 3
26 Related party transactions
There were no related party transactions in the year.
Remuneration of key management personnel
The remuneration of key management personnel is as follow:
2023 2022
Aggregate
compensation		 42,536 38,137
28 Independent examiner's remuneration
2023 2022
6 8
Other fees to examiners
The examining
of accounts of any associate of the
Ail other services		 charity 2,360
30 0		 1,260