Perranporth Gardens Charities Annual Report and Financial Statements For the year ended 31 December 2024 GARD THE REPORT AND AccouNf5 FOR PERRANPORTh GARDENS CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 CONTEKrs Page Tru8tee8' Report Independent Examlnerfs Report statement Of Financial Acliviti88 10 Balanc• Sheet 11 Note8 to the Flnancial Statements 12-18 Pa8e 2 of 18 THE REPORT AND ACCOUNTS FOR PERRANPQRTh GARDENS CHARMES FOR THE YEAR ENOED 310ECEMBER 2024 TRUSTE S. REP RT 2024 The Board of Trustees presents tsir report together with the financial statel￿nts. Perranporth Gardens Charities (Yhe chari￿) in this report refers lo the four chafities which were amalgamated for administratNe pufposes in 1937. The Duchy Trust, The V4llliam8 Trust. The Bus Housè Trust (which 18 now the Beach Car Park), BosGawen Gardens Twst (rhe Clock Garden8 and Lakeside Gardons). The Raikvay Embankment and walk8 has al80 been part of The Charity's Estate since 1983. The Ch8rlty operate8 under a Constitub'on dated S November 1937. The Charity is a publ￿ benefrt entity, and The Trustees have had due regard to th6 Charity Commissions guidance on public benefit. Refer•nce and Admlnl•tratlv• Detal In preparation of this Annual Report the Secretary and the Tru8tee8 are aware of the siaternent of Recommendod Practise 2019. The report. V•e hope wlll show aim8 and hopes of the Trustees and a clear and conci8e explanation of the achieveffÉnts during 2024. Tho Trust••8 for 2024 Anthony Gardiner (Chairman) L88-Anne Bray Ben Byfield resoned May 2024 David Higgins de￿aSed August 2024 Tanya Levah-Gilchrlst Michael Male Stephen Miners Robert Plimley Dafren Stephens Damian Tredinnidl Tom Tremewan wetired April 2024 Frances Vthile appointed June 2024 S6crntarylManag•r Lynd8 Bowden Accountant Karen Harris Prlnclpal Offlc• The Gardener's Room, B08cawen Road. Perranporth. Comwal TR6 OEP 8*nk•r• Lloyd8 Bank Plc, 7 808cawen Street, Twro, Cornwall TR12QT NS&I, 1 DrummorKI Gate, Lor￿On SW1V 2QX Sollcltorn Stephen Scown LLP. Osprey House. Malpas Road, Truro. Comwall TR11 UT Indo￿ndent Examln•r James Hodg80n BA (Hons) FCA. Hodgsons. Chartered Accountants. 48 AMenack Street. Falmouth TR113JH Charlty Reglstratlon The Charity registration number is 3Crf)586 Page 3 of 18 THE REPORT AND ACCOUNTS FOR PERRANpoimi GARDENS CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charityrrrust land consists of The Promenade and Car ParK Prornenade Garden, Clock Garden and Lake Garden (also known as Boscawen Gardens), Tywamhayle Garden and the NamparalRailway Embanknient (whlth indudes the British Legion Garden) being the remain8 of a former GV4R line closed in 1963. Two Trustees, David Higgins (deceased August 2024), and Damian Tredinn￿k are known as 'Nominated Truslees" and are appointed by the Right Honourable Viscount Falmouth and serve for life. One Trustee, Fran￿5 Vthite, is a 'Representaiive Twstee.. appointed by Perranzabuloe Parish Council. A Representative Trustee serves for a temi of four years. The remaining Trustees are known as 'Cwtative Trustees and 8erve for a temi of fNe years. Kwhen their term has reached its end. they may be r8-elected for a fvrther term of five yeafs. Shoukl a C04)ptalive Trustee die during their iemi of office or be removed from that term of office, as detaiw in paragraph 12 of the Goveming Document, the TnJstee8 may appoinl a replacement Trustee. Imthln the IKnit8 pre8cribed In the Goveming Document the Trustees have full power from time to time to make regulations for the management of The Charity and for the conduct of their busine88, induding the 8ummoning of moetings. deposit of money and the safe custody of documents. Th8 Charlty curr•ntly 6mploy8 8 pemmnent Stsff. - Secretarylmanager, re8pon8lble for the day to day running of The Charty. Accountant to manage the Charity's finan￿8 (part lime). 6 full and part tlme employees who ieThJ and lake Ca￿ of the e8tate and gardens. In the Summer month8 the Chanty employees 1 part time stsff lo hlre the boats and putting in the Lake Gardens, A8 the village gets busier each year from March Or￿ards, more hours are required from the current staff to accommodate this. In the peak summer months, the beach numbers can be as high as 12,000 daily. Therefore, this has a impact on our free facilitie3 and a knt more tim and •ffort need to be dedicated to tho toilets, bins, and houaekeeplng. The gardeners and their assistsnts are re8ponslble for raising summer annual bedding plants (about 13,000 plants per year and 5,Crf)O bulbs) as ￿11 as the raising of perennial shrub8 and tree8. In addition,12,000 wall flowers. potyanthus. prlmro8e are planted for the winter bedding. We have a display bed which Is usually on trend with ojrrenl happening8. The community appreciate the gardens and estate, we have people coming from mile8 away to spend tirne enjoying our beautiful gardens. embankn)ent, and lake area. Page 4 of 18 THE REPORT AND ACCOUPllS FOR PERRANPORTh GARDEN5 CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 The followlng works and proJKts achloved In 2024:. All works and projects are Carried out by the staff on srte. it is unusual lo have outsKle ￿ntraCtorS and we onty use them when somèthing is ¥*CIal￿d. January 2024 Work on the toilets continued, finishing the refurbi8hment and splitting the toiléts into 88parate entries for ladies and gentlernen's toilets. The large greenhouse had a refft in ts'me for the summer bedding plants arrmnglbelng planted out. February 2024 The main block of toilets were opened in time for half lem. the new layout has been well received and many people are pleased wrth the entrances. Chri8 Easton died. He will be sadty missed as a dear friend to the Charity. Chris had been a Tru8tee for over 30 years and had retired from the Board in 2023. March 2024 All the outslde of the buikbing8 were given a fresh coat of paint. ready for Easter. All bench88 and bins were painted for the new season and I￿re put oul in time for use. Tommy Tremewan rotlred after 30 years plu8 of being a Trustee with the Gardens Charities. April 2024 The large round pots have been rehoused from the carpark and put In front of the doctors, wlndows in the Promenade gardens to deter people from sitting outside when the doctors windows are open and in consultation. May 2024 It wa8 the 75th Annlver3ary of Perran Bay Residential Home. To celebrate they asked rf we ￿Uld put a display in the gardens. June 2024 The steps by St Michael'8 Church were re-la￿ as they Y￿re Steep and not very usor fr*ndly. July 2024 The bedding plants ￿Pre spectacular for the summer season, 80me 80￿3 plants had raksed and lended to achieve this effect. The bcal communrty and visitors alike enjoyed the displays. August 2024 David Higgins died this month. David had remained a supportive Life Trustee arKI is sadly missed. Page 5 of 18 THE REPORT AND AccouKfs FOR PERRANPORTH GARDENS CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 September 2024 Wall flowers and bulbs were planled throughout the estate for the winter displays in the garden. The Charity decided to leave sorne of the fi0￿r beds to fallow (leave to recover), this will be through the winter month8 and then in the ¥)ring they wlll be fed with an organic supplement for the summer bedding. October 2024 A new bench by the old Mill Stone in the Lake Gardens was repla￿ as the other one was rotten, this was made bespoke for this area as it has a lower back so the Mill Stone is seen at its be8t. A lot of the old shrubbery and trees were rernoved as they were old and gnarled. they will be replaced next spring. Some of the boats which had been used as flower displays in the garden have been removed and next 8ummer will be replaced with some of the older boats from the boat collection. The entrance into the Promenade Garden had slabs laid to create a clean walkway inlo the gardens. November 2024 The display bed for Remembrance Day was appreciated by the communty. it was very frtling and prepared tastefully. The hedge In the lake garden8 (opposite the Old Bank) had become old and gnarled and needed cutting down and replacing. Al80 the large Pine Tree wa8 Cut down as it had out grown the area and there were concerns for 8afety. The Staff were able lo keep onginal fen¢x and replaced the fence with Gri8elinia. The 2 disabled doors in the carpark have been repla￿d as the frames had got twistsd and were not Gloglng corre¢iiy. December 2024 In the ladie8 tollet8 another Wallgate machine (for washing harKls) was installed, this needed to be done before the new floor was laid in January 2025. A tree and extra Christmas decoration8 were put up throughout the gardens. The festoon lights and the decoration8 •tay•d on during the Christmas period. The staff also decorated a tree at St Piran's church, Ours was 1 of 40 that were on display insKle the church. Servlce contracts: are in pla￿ for all FI￿ equipment, Alami system, WaI￿ate (hand washing in the Toilets), the Stairlift in the promenade room, the dock in the Clo(* Gardens, sanrtary waste and HR legal advisors. Page 6 of 18 THE REPORT AND Accoupifs FOR PERRANPORTh GARDENS CHARMES FOR THE YEAR ENDED 310ECEMBER 2024 ObJo¢tlve8, Actlvltles. Performance and Future Projects The objectNe of The Charty is to administer the Trusts land to benefit both the residential population of Perranzabuloe and visitors to Perranporth. The Statement of Financial Activities clearty shows that the income derNed from the Car Park pays fof all the expenditure incurred in the running of The Charty. After costs, surplus funds may be granted to local Charities and nonprofit dubs. The Charity maintains general reserves in excess of 6 months of expenditure which is held in the bank. The reserves are used purely for the ongoing operation of the charlty's objeGtives, at 31 December 2024 the free reserves held were £580.041. R•ntsl• and other Incom• - Thè Prom•nade: room is used lor Yoga classes, birthday paths and ¢onf8rences, with continual flow of use. This year the Charity are very pleased that the Pfomenade room was used daily by 'Grow-change' during School tenn Ilmes, thls is an exten8ion of 8thoollng for student8 who do not go to mainstream school. Boats and puttlng In th• lak• gardens are rented out to the publbc, there is Small InCOff￿ collected to cover the wage of the stsff. Prlces are kept low 80 more people can enjoy. B•ach whoelchalr•: when the all-terrain wheelchairs are rented, we receive donations br their use these are u￿d all year round, the most Use 18 in the 8urnmer month8. Showarn: were opened this year in the busy Summer months, many people menlioned they were happy al)oul the faclllty. Memorlal L•avo8: in the boating lake garden have Increased. Due to lack of space new criteria have been 88t. The person the leaf is dedicated to must have lived in the Pari8h and iaken part in the community. Each application is considered by the Trustees at meetings. Car Spaclng Rental: thore are 30 Car Park Spaces whlch are renled out to the businesses In the village. These can be found on Beach Lane; they each bring in a gross income of £300 per year per space. Donatlon8lGrnnts: The Charty was able to donate to many charIt￿a880elations thig year - all gratefully r•¢aived by the community. PP Marino Con. PP Tennis Club St Piran'$ Trust Fr Perran Pgrish Council Skat• Park Coastal Roots Church lit BrownieB PP Hub Pain Clinic RVS Gcod Com nions Men181 He8￿h Su rt Grou Museum TN PP Methodist Rose Methodist Art and bei Perran Parish CtyJncil Ramp Perran hts Ha￿thy Court Goonhavem Hall Brvwnies Fri8ndg of ST PTrn Churth pips Frnndj of PP 8¢tK*)I Parran h SLSC Beavern Scout8 Club m￿n0 Cofe )lin (>)onhavem AFC Communi Kitchen Memorsal Hall Nattw Chatter Pa8e 7of18 THE REPORT AND ACCOUNTS FOR PERRANPORTH GARDENS CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 Future Projects: . The floor in the toilets will be replaced January 2025 The extemal stairs leading into Ihe office will be replaw St•t•m•nt Th• Charity 18 not rewir•d to a c•8h The TnJ8tee8 hav• ￿nduded that there are mileri•l unc•rtaintiM abtyjl Charty'8 a￿lIty to contsnu• •• a going con￿rn 8$ the Ch8rty hotd8 subblantial res8rb*8, and rf th08e •r• ￿MPar•￿ yinjt knNn and anticlp•i•d leve18 of liabiliti08 expKt•d to be fwd by the Chanty they ar• eonfidont that thorn ￿ no wJnthcant risk of any financial failura. All charitable, donation ond 19gacy ifKome i& inclutsd in statement of financial actsvrti•• when th• Charity181•9glly Onlit￿d to th• incom• •nd th• wTh)unt c•n b• qu#ntth•d 7Arylh T•8￿n￿blO DonateAJ goods or serv￿3 ar• not valu•J on receipt a valuation is doomod n￿￿18ry by the Trustees due to mateTkng1ty. All incon* re0¢1v￿1 ￿ a re￿ll of such donaii)ns is irKluded g• wilh oth•r Ghwrtablo irKcme as above. Inve8ts7)ont in¢ryne li r8cognwAI on a rtUNa￿e ba818 Grnnt Inconm Grant incom• 18 r•c¢hJnis•d when the Charlty l*s an •ntitt￿ to the funds 8Th1 any corKlthns linked to the gr•nl$ have be￿ mot. Imère perfomiance condilions ar• attached lo the grant arKI arè yd lo ￿ met. the irKome ra¢ognl•ed u a IK*blity and i￿luded in the Ba*Ke She•t • ￿fffid income io bo feloas•d Government Grants ave rec¢yJnised b88ed LX) the Ferftymm model and nxaSur￿I at the fair value of the a&8et recewed or re¢oNab￿. All government are retsvJniB•d duFYW the Per￿th r* T*thich th• pwform•nc• relotod condrtion8 have téen meL Page 12 of 18 THE REPORT AND ACCOUNTS FOR PERRANPORTh GARDENS CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (c￿t) ÈThp•ndi£ur• All expendilure18 accounted for on an a￿￿15 basis and been iKltthJ undw expense categories that aggregate all costs lor allocat￿n to 8cINrties. IMiar• costs ￿nOt be dir•cty to actNitw they have bgen allocatèd on # basis cOn￿Stent with the use of the re8ource8. Governance and Support costs are those costs incurrgj in Ctsnpl￿ncfj with constrtUt￿al and stslutory r•quir8m¢nts and wrth the management and admintstraM)n of the Charty T4x•llon Tha Charlty is an exwnpt within th• moan1r￿ ol •Ch￿lU10 3 d th• Char*W Act 2011 and i• con•thred to pass the tests 8et out in Paragraph 1 Schedub 6 FinarKe Act 2010 and lJwrefty• it moots the i*ffinition of a charitablè company lor UK Corpornt￿Th tax purp0808 T•nglbl• Flx•d A$8•ts IndivKlual fixod a•80ts are r•c4Jthd #t co•t. Iw wy •Ltso•ry•nt actumulatsd dewKthon and impoimxnt ¢ost• D•prncl•tlon •nd •mortl*•tlon Depreciation is provKled on iangknlo ••8•ts 48 to wri1• off th• ol valuation. IM• any ••ts.ma￿ re•idu•l valug, ov•r Ih•ir eXp￿d uwful •con¢ynt lil• ￿ folkn A•••t Cl• Buiklings renovotson• Plant. machinery and sol•r Offi¢e Equynenl D•prn¢I•￿QTr m•thod •nd r•t• 2.00% strawJht line on cost 20.00% 8twht lim on cost 33.33% 8trWt hn• on co•t D•btor• Trade and other debtors are rwnised al the aettknment amount duo after ary Irad• d￿￿nt offerod. Prnpoyments afe valued at the an￿Unt prep8KI net of any Ir•Je dwnjnts due Ctvdltor• CredrtOT¥ ar• rwinis•d wh•ro th• Charity ably￿n I￿￿'r4 frcrfn a pmt event th•t will probably result in th• transfer of fund8 lo a Ihird paty and the amount du8 to 8eiUo ￿ obligalion can bo mea8ur•J or e8llmaled reliabty. Cr•Jilor$ 8r• AL￿alty recs)gnwd at their aduemnt affrt)unt after ollowng for any Ir&Je discounts due C••h •t b•nk •nd In H•nd Cash at bank and in hand includes c•sh and lhort twm hyhty Iquhd investrn*)ts whh • •h*Jrt maturity of three months or Imm th• d•t• ol 8¢quothn or opening of the d•po8rt' or •imilar Kcount Funds Unro$trict•d fund8 are general funds that available for at the Truste￿. dI￿ret￿. De8bnaled funds of £220.000 are unrestr￿1￿￿ lunds that have baen dwnated by the Tru•leo• for fvture thect work #8 n￿*￿ry (#) the se8 w81. There gr6 no cA)mmitm&ts or IHning8 for thi• work at thi# tNN. P•n•lon• •nd oth•rp￿t Th￿r•￿ obllq•ilon¥ The Charty op6rate$ a defined contriljution stheme whwe fLx&J conlrbulion8 are paid into a wn8ion lund and the Charity ha8 no ￿981 or construthe o1￿1gat￿Jn to lurther C*)ntribJt￿8 even il the fund not hdd suificiènl aJ8ets to pay all the employee8 the ben8ffts relating to jen￿8 in the Current and pri)r period8. ConlnbutK*n8 to defined contribulion plans we ree<>gnffjfyl in the Statwnont of Financkql wh•n thoy aro due. 11 contrtbutk)n payments exceed the cxjntrtiUth￿ duo the •or4lc•. the excess is r•¢ogniqed a8 a prepaymont. Page 13 of 18 THE REPORT AND ACCOUKtS FOR PERRANPOKTH GARDENS CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (Cont) Totsl 2024 Total 2023 UnrestsKt•d Unyestrkted Fund$ Funds 2 In omel rnDon Donations from 1ndN1d￿ 905 895 )5 895 Car Park To11￿$ aThJ Showers meeti￿ Room arHI Olfke 8each Lane Boatin8 Lake aNI putt1￿ Green 452,338 672 5,140 403.982 667 3.741 4.263 468,534 420.153 4 Inc from Inv Other Investment Income 8,294 6.919 8,294 6.919 Pa8e 14 of 18 THE REPORT AND ACCOUtir3 FOR PERRANpoKfH GARDENS CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (Cmt) 5 Ex •ndltur• on Ch•rftable Acilvl Tgt•l 2024 Totsl 2023 UnfeS￿¢trd Unrestrlded Car Park Gardens Toilets and Showers Meetlng Room and Offlce Oonatlons 24,729 19,378 177.620 74,533 30.975 24,050 45.057 33,O32 334,524 326,556 •Thd Su Staff Costs Wa8es and Salarles Soclal Security Costs Penslon Costs Tralnlng Independent Examlners Fees Legal Fees Ser¥lce Contracts Rates 3&736 2.765 870 34.837 2YJ 767 L421 1.270 370 {2,5141 Other Governance Costs 912 51,030 46.143 DepreclatSon and amortlsatlon 12.794 13.389 8 Trnste• neratlon No Trustees have reolved any remuneratlon or relrnbursed expenses from the Charlty durln8 the year ns•s Pase 15 of 18 THE REPORT AND AccouKfs FOR PERRANPORTM GARDENS CHARITIES FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (C￿t) Ways and 5aldrtEs SockglSetwltyC05ts P•rffjlon c05t5 315537 207P 13A76 4,573 225,855 235,766 fullihr*eW￿I•rtlw1l •sfoYAJws'. No emI0￿¢￿e(l￿•d1￿￿rn1S0t rrmtP4th£f4(•J)thmlky. ThtCh•rlty+&• rn¢st¥ed •r4 Iromtsx•llo •r4 Mxhkn•ry Totsl D•w¢LiIth)n r•t• At l J•rvAry2024 456,852 14,202 471,054 13,658 37&7 Al 11 Oecerthr2024 87156 At l J•r￿ryI0l4 Ch•ryelorYear 74ml 133,1*3 12,794 145,993 7.IKI 63J24 410 Pl•tBook ¥*• At 31 December2024 1.019 1.049 314182 8561 13,?65 325,(£1 323,653 At 31 DeCem￿r2023 435 Pa£e 16 of 18 THE REPORT AND AccouKf5 FOR PERRANPORTh GARDENS CHARMES FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (c￿￿) Tr￿e Debtors Prepayments Other Debtor5 ,391 .791 Cmh Cash * Barhk Trade eJ¢dltor5 PAYE, Sodai S•curfty and Pe￿0￿5 VAT Acuuls 17.98B 4.381 5,9n 3,114 34,79J 16,555 fined Contributlon P The Ch¥lty optwatesadeflned contrlbullon 0￿me. The ptrobon (asttharye f0rtheyexrepresertsctyitrtb￿1ws payable byt Ch¥ltytothe stheme and •M￿nIed10£4.&43110l3. £45731 16 lJ•v 31 De￿￿thI Ixpend•l Unrestrl Genernl It16,nn 14n.B¥ De518nated Totsl 22QL))J 6.102 4n.733 nrestrirted F General De5i8nated Totsl Funds IW.8381 I427.￿) Ifth,717l 220,WI 825,71 1783.W) 427 Page 17 of 18 THE REPORT AND ACCOUNTS FOR KRRANPORTh GARDENS CHARMES FOR THE YEAR ENDED 31 OECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS (Cont) 17 And lsof NetAssets Between Fun unr¢￿tted Fu•ds Gen•rdl Des1￿*•d Tan8lble Flxed assets Current assets. 8ank . Debtors Clbrrent Ilabilltles Total Net Assets 325.161 381,984 11856 34.7931 &SS,102 325,LEI fni,984 12,856 34,7991 9)5,102 220,CIXI Unr•5blrted Funds G•n•r•l D•s1￿#•d Tanglble Flxed assets 323,653 Current assets- Bank . Debtors 791 116,5651 Fth,717 12,791 I16,￿5) 825,717 Current liabllltles Total Net Assels 220,1)XI Independent Examinatlon Fees 1,320 19 Related P The Trustees held car park perniits duringthe year to enable Trustees to attend the Charlty as required. Pvst bal¥rbc• *h••t •¥•nt Followingihe year end the TfUStee5 made the deasion to convert the tharity to a Charitable Incorporated Or8anisation ICIO). The converslon Is expected to be completed by November 2025 Pa8e 18 of 18