PORTREATH IMPROVEMENTS COMMITTEE
Uses the income from the village car park to provide and maintain two village halls, childrens playground, village gardens, benches for the public and general beautification of the village and related coastal area.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds totalled £543,214.54, representing a surplus of £12,734.57 for the year. The trustees consider these retained funds sufficient to finance necessary improvements and major repairs, noting a balance owed from Portreath Association Limited of £262,155 supports future plans.
What the accounts disclose
“The income received from the car park for the year was £53,000 and rental income of £4,702 and donations resulting in a total income of £58,517.50.” — page 5
“It is the intention of the charity to maintain unrestricted funds, which are the free reserves of the charity, at an amount not less than the equivalent of 3 months expenditure, as recommended by the Charity Commission.”
Trustees
- ALISON HARRIS
- Alan Harris
- Ann Mercs
- CAROLINE Thomas
- COLIN MALE
- GEOFF HODGE
- Louise Mallas
- Mark Perry
- Mel Southerden
- STEVE DAVIES
- Shirley Ann Nash
- Simon Michael Goodwin
- ZOE FORD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £65k | £84k |
| 31/10/2024 | £59k | £46k |
| 31/10/2023 | £55k | £55k |
| 31/10/2022 | £62k | £86k |
| 31/10/2021 | £55k | £130k |
Common questions
Is PORTREATH IMPROVEMENTS COMMITTEE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds totalled £543,214.54, representing a surplus of £12,734.57 for the year. The trustees consider these retained funds sufficient to finance necessary improvements and major repairs, noting a balance owed from Portreath Association Limited of £262,155 supports future plans. Its FY2024 accounts were independently examined.