Finance Score: -5

Governance Score: 3

Support Score: 4

Liabilities <10%: +3
Excess reserves: -3
Positive trading contribution: +2;Deficit latest year: -2
Fundraising costs high: -5

Dynamic board: +3

Grant maker support: +4

Overall GiG Score: 2

PK PORTHCURNO

PK Porthcurno 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.

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
This charity has a robust balance sheet
More than half of total income was derived from trading and fees in the latest year
The Board appears to be dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,893,431 available, equivalent to 39 months of spending and so may not be able to utilise additional funding
Income was significantly lower than spending in the latest year
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£649	£886	£-237	£122	£5,103	£2,893	39.2	33	54
31/03/22	£1,470	£920	£550	£68	£5,355	£3,037	39.6	31	66
31/03/21	£376	£378	£-3	n/a	n/a	n/a	n/a	n/a	56

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Financial Ratios

Fundraising Costs/Relevant Income: 57.5%
Fundraising Costs/Total Spending: 14.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 13%
Unrestricted Funds/Total Funds: 57%
Reserves/Spending: 39.2 months
Net Current Assets/Spending: 5 months
Quick Ratio: 0.6

Asset Split ?

Established: 4 years

www.pkporthcurno.com

info@pkporthcurno.com

01736810966

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Cornwall,

Who it helps

The General Public/Mankind

Who works here?

33 employees
54 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
DCMS - Culture Recovery Fund - Grants programme
£16,400	10/05/2021	Financial support for cultural organisations that were financially stable before Covid-19, but were at imminent risk of failure.
Department for Work and Pensions - SCC BEAUTY SCHOOLS
£5,798	01/04/2021	The Kickstart Scheme provides funding to create new jobs for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

DR SHINI SOMARATHNE Appointed: 2023

PROFESSOR POLINA BAYVEL Appointed: 2021

ANDREW JAMES MACLEOD Appointed: 2020

DR CASSANDRA ROSE NEWLAND Appointed: 2023

EMERITUS PROFESSOR GARETH PARRY (Chair) Appointed: 2020, Other trusteeship: AKADEMI KERNEWEK,

GORDON ROBERT JOHNSTON Appointed: 2024

RICHARD CHARLES PERRY Appointed: 2020

CHRISTOPHER STEPHEN FYLES Appointed: 2020, Other trusteeship: HAY CASTLE TRUST,

DAVID GEORGE FOOT Appointed: 2021, Other trusteeship: ROTARY CLUB OF HIGHCLIFFE-ON-SEA TRUST FUND,

DEBORAH TRITTON Appointed: 2020, Other trusteeship: DEVON AND CORNWALL RECORD SOCIETY,

Legal constitution

Charity registered in England & Wales on 16/04/2020, number: 1189090

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

3 returns made; all on time

Recent reorganisation events:

Asset transfer in from THE PORTHCURNO COLLECTIONS TRUST on 08/12/2021

Main office

PK Porthcurno
Eastern House
Porthcurno
PENZANCE
TR19 6JX

Objectives

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 CHARITY'S PROJECTS.

Defined Area of Benefit:

LOCAL

Data Sources