THE PORTHCURNO COLLECTIONS TRUST

Charity number: 1062233
Removed charity

Charity overview

Activities - how the charity spends its money

The PK Trust preserves the important historic buildings and collections relating to the telegraph station at Porthcurno. It educates the general public about the history of the telegraph station and provides internationally significant archive and research resources for study of the history of international telecommunications.

Income and expenditure

Data for financial year ending 30 September 2020

Total income:
£888,863

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Donations and legacies £62.84k
Charitable activities £597.44k
Other trading activities £196.09k
Investments £27.72k
Other £4.78k

Total expenditure:
£1,101,616

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Raising funds £69.30k
Charitable activities £1.03m
Other £0

£13,603 investments gains (losses)

Total income includes £73,180 from 3 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £69.30k
Charitable expenditure £1.03m

Fundraising

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Environment/conservation/heritage
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Cornwall

Governance

Registration history:
  • 07 May 1997: Standard registration
  • 08 December 2021: Removed (Funds transferred (incor))
  • 08 December 2021: Funds transferred to 1189090 PK PORTHCURNO
Organisation type:
Trust
Other names:
  • THE PK TRUST (Working name)
  • THE CABLE AND WIRELESS PORTHCURNO AND COLLECTIONS TRUST (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/03/2016 31/03/2017 31/03/2018 31/03/2019 30/09/2020
Total gross income £674.06k £541.43k £1.17m £561.90k £888.86k
Total expenditure £861.10k £719.46k £639.85k £684.49k £1.10m
Income from government contracts £7.00k £0 N/A N/A N/A
Income from government grants £0 £7.00k £7.00k £7.00k £73.18k
Income - Donations and legacies £151.77k £149.52k £876.36k £148.15k £62.84k
Income - Other trading activities £208.14k £196.92k £244.34k £216.27k £196.09k
Income - Charitable activities £285.11k £190.94k £40.18k £173.19k £597.44k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £19.16k £4.06k £12.38k £20.65k £27.72k
Income - Other £9.89k £0 £0 £3.64k £4.78k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £731.19k £629.20k £534.81k £631.25k £1.03m
Expenditure - Raising funds £129.90k £90.26k £105.04k £53.24k £69.30k
Expenditure - Governance £8.50k £6.92k £5.97k £8.30k £10.63k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £53.29k £10.64k £14.98k £793 £1.08k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2016 31/03/2017 31/03/2018 31/03/2019 30/09/2020
Own use assets £4.08m £3.98m £4.04m £4.85m £4.35m
Long-term investments £880.00k £880.00k £880.00k £0 £0
Other assets £423.78k £197.95k £728.90k £610.67k £533.51k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £345.89k £201.82k £112.20k £53.22k £53.99k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 30 September 2021 Not submitted
Accounts and TAR 30 September 2021 Not submitted
Annual return 30 September 2020 11 October 2021 73 days late
Accounts and TAR 30 September 2020 11 October 2021 73 days late
Annual return 31 March 2019 29 January 2020 On Time
Accounts and TAR 31 March 2019 29 January 2020 On Time
Annual return 31 March 2018 29 January 2019 On Time
Accounts and TAR 31 March 2018 29 January 2019 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 12/03/1997 AS AMENDED BY DEED DATED 09/12/2009 AS AMENDED BY DEED DATED 25/05/2012 AS AMENDED BY DEED DATED 13 MAY 2016

Charitable objects

TO ADVANCE THE EDUCATION OF THE PUBLIC PARTICULARLY IN THE SCIENCES AND THE HISTORY OF SCIENCE AND INNOVATION AND THE HISTORY OF PORTHCURNO INCLUDING WITHOUT PREJUDICE TO THE GENERALITY BY PRESERVING, RESTORING, RESEARCHING, MAINTAINING AND DOCUMENTING FOR DISPLAY TO THE GENERAL PUBLIC THE TUNNELS, THE COLLECTION AND TELECOMMUNICATIONS EQUIPMENT AND ARTEFACTS, BUILDINGS AND DOCUMENTS AND TO UNDERTAKE ANY CHARITABLE ACTIVITY FOR THE BENEFIT OF THE PUBLIC AND IN PARTICULAR THOSE MEMBERS OF THE PUBLIC LIVING OR WORKING IN THE VICINITY OF THE CHARITYãS PROJECTS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED