Charity Registration Number'.1044243 HEAMOOR PRE-SCHOOL PLAYGROUP UNAUDITED TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2023
HEAMOOR PRE-SCHOOL PLAYGROUP CONTENTS Page Rèfèrence & Administrative Infomiation Trustees, report Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Accounts 9.15
HEAMOOR PRE-SCHOOL PLAYGROUP YEAR ENDED 31ST JULY 2023 REFERENCE AND ADMINISTRATIVE SNFORMATION The Charity registered wlth the Charlty Commi8slon under nurnber 1044243 on 17th February 1995 and is govemed by its conslilulion which is implemented by the Trustees . The Charity s main objectives are lo enhance the development and eduGalion of children primarily under slalulory school age by encouraging parents lo understsnd and provide for the needs ol their children through communlly groups. The Charliy is a body in membership of the Pre - School Leaming Alliance. The Pra - School Laarning Alliance 15 a national organisation regislered as an educational charity providing support for the s@Iling up and running of pre- school playgroTJPS. Working N8me$ Heamoor Pre - School and Out - ol- SGhool Clubs Vlfillows Pre School and Out- of- School Club5 Willows Pre School Playgroup Willows Educarè Reglstergd Charlty Number: 1044243 Registered Address.. % HeamoorCP School, Bosvenna Way, Heamoor, Penzance, Cornwall.TR18 3JZ Trustees: Susan Oliver Alice Srighlon Emm8 Wilhecomba Chris Andrews Jessica Jackson Managers.. Nursery Manager- Sara Mitchell Office Manager- Tracy Cole Banktrs: Sanland6r Bridle Road, 80011e, Merseysida, G1ROAA Soll¢ltors: cvc Unil N, Queslmap Business Park Long Rock Indlislrial Estate, Pen2ance, Cornwall, TR20 8AS
Independent Examiner., Mr N Hallam FCCA Crane and Johnston 11 Alverlon Terrac8, Penzance, Ctsrnwall TR18 4JH
HEAMOOR PRE - SCHOOL PLAYGROUP YEAR ENDED 31ST JULY 2023 TRUSTEES. ANNUAL REPORT GOVERNANCE The adopted governing document of the Heamooi Pre- School Group Iknown 8s Willows) is the conslilulion of the Pre - School Learning Alliance of which the pre - school is a member. Al least 60°A of the Committee members, including co-opted membeTS, sh811 al the lime of election or co- option be parents or guardians ol children in the groups run by the pre school. In the ovenl that this 60Y¢ figure cannot be achieved Ihe pre - school may elect other members who are not pai&nls or guardians lo the Committee subject lo each of those other members being approved by the local Branch Executive. All parents and guardians of children ol the group are invited before AGM to sland for election. Any resigning officers will allend the first meeting following the AGM lo ensure the induction of new membeis. Training is available bul not obligatory. There is no obligation by any other person or external body lo appoint one or more Trustees The responsibility ol the Trustees. is to ensure that the pre school complies with ils aims and is properly m8n3ged. The rgsponsibilily for the day to day running of the group and deGisions regarding everyday matters are undertaken by the Nursery Manager and Office Manager. Decisions regarding the specrfi¢ delivery of the Early Year5 curriculum are the responsibility of thè Supervisors and Nursery Manager. As a rnember of The Pre- School Learning Alliance the group is required lo ¢onsull the PLA il any changes are ID b¢ made to the aim of the group or If the existence ol the group is lo be terminated. It is the legal duly ol the PLA lo cOnSLJ the Charity Commission. The group is registered with OFSTEO and receives funding from the government for some 2 year olds and all 34 year olds lo attend sessions free of ¢harge. To be eligible to receive this fLJnding the group must meet minimum standards required under thè Childcare Act 2006. Th8 adminislralion of the government funding is by the Farnily SeNiG8S Department al Cornwall Council who also Provide support and advice lo ensure groups meet national standards. The group is registered with both OFSTED and the Charity Commission.. the Trustees havg a responsibility lo kè8p the records they hold up to dale notifying any changes in GovernancelTrustees The adminislralion of accounts is completed by the Office Manager and overseen by the Tieasurer. Th8 Trustees approve invoices and sign them off each month. A trial balance and Account balance5 are available al 811 Committee meetings. The bank holds details for the Chair, Treasurer. Office Manager 8nd Deputy Office Manager. The Office Manager and Deputy Office Manager have lull acces5 to online banking and the Office Manag@[ holds a Debit Card for each Bank Account. Th8 Committee is consulted on all large expendituie that is not part of the general expenses required lo run the 9roup on a day-lo-day basis. The Trustees assess the major risks to which the Charity Is exposed and are satisfied that the systerns are in place lo mitigate exposure to those risks. AIMS AND OBJECTIVES The aim of the pre school is to erih8nce the development of children primarily under 5ts1ulory school 8g8 by encouraging parents lo understand and provide for th8 needs of Ihelr children through community gioups and by..
Al Offering appropriate play facilities and access lo Information which offer parents the oppoilunity to lake responsibility for and lo become involved in the activities of such groups. ensurir)g that such groups offer opporlunilies for all children whatever race. culture, religion, means or ability. Bl Encouraging the study of the needs of all childrén and their families and promotirig public interest In and ie¢ognilion of their need5 in the local area In addition, the group usually offers work placements for students wishing lo complete appropriate qualifications in early years and require practical experience. This is doiie on a volunl8ry basis by the students. The total number of volunteer hours in a year can be around 1500-2000 hours. ACHIEVEMENTS AND PERFORMANCE Al Willows Pre - School is run-in purpose-buill accommodation on the sile of Heamoor Community Primary S¢hool. It offer5 funded preschool sessions as well as daycare for 0-5-year-old children. In addition, il also provides a holiday and after school club lor children up lo the age of 12 years. 11 Is open between the hours of 0800 and 17.30 from Monday Friday except for public holidays and one week over the Christma5 period. Bl The group employs qualrfied staff members lo meet the requiremen15 of the Statutory Framework for the Early Years Foundation Stage bul also has parent volunteer help for the Committee, for Dulings and fundraising aclivi110s for the group. This academic year, the selling has been able lo successfully continue after-school and holiday clubs. 11 has also been able lo offer sludenl work experience and college sludenl placements. Tinker lots the mother and ltsddler group continues lo grow and 15 hugely popular within the wider community. Sessions run twice weèkly during term lime and due to demand alsc) run once a week during school holidays. Willows provide one qualifiÈd staff member from the setting lo run the group with the 858islance of a lew willing volunteers from the IoGal community. FLJndraising was very successful with excellent staff and parent responses. A summer fayre look take place on July 1 Bl 2023. A slafl member ran half a marathon raising funds for Willows Educare. Willows received two donations from two local masonic lodges. Christmas mince pie and disoo wine evening which ha5 proved lo be a vgry lucrative fundraising event in previous years is expected lo take pSace in December and details of which are already being discussed al committee meetings. Tracy and Sara have sel in motion an application lo Community Level up funding. th@ Community National Lottery lo receive funding lor some much-needed refurbishment. Staffing continues lo be the highest expenditure in terms of oulgoings however il is the unanimous opinion of the committee that staff are well paid in accordance with their relovant qualifications and experience and this is reflected in the high quality of care received by the children and Ihe continuing salislaclion of parents. SUMMARY After 8 challenging year due lo the ¢osl-of-living crisis staff and management have worked tirèlessly lo ensurtr the high-quality care received continues and Willows remain lo be held in high regard within the wider community, with a healthy waiting list.
FINANCIAL REVIEW Total receipts on unreslricled funds were £285,986. which included fees of £115,812 and Local Authority funding of £156,654. Unreslricled expendilurg was £300,804, giving risè to a deficil of £14.818 for tho year. The pre-school's unrestricted nel current assets al 31st July 2023 wera £33,591. Of these, £40.000 represented designaleol fuds, 8s described below, leaving nel current liabilities in general funds of £6,409. Thls is less than the optimal £75,000 described in the reserves policy, below, and the Trustees are aware of the n?ed lo takè active slaps to restore the charity's nel income ID a surplus in the very near future. The Trustees are satisfied that the charity Continues lo be able to meet 118 Iiabililies as they fall due and can therefore be regarded as a going concern. RESERVES POLICY It is the policy ol the Irust6es lo hold as unreslriclsd funds a balance which equates lo a mlnimum tsf three months unrestricted expendilui8, which wlll be gquivalent to £75,000, together with such extra funds as might be necessary lo cover emergency situations that may arise. In addllion lo this are unreslrtcled designated funds of £25,000 lo cover redundancy costs should they b8 nècessary and £15,000 lor major r8P8irs. STATEMENT OF TRUSTEES- RESPONSIBILITIES The Iruslees. afft responsible for preparing the Truslee$' Annual R&port and the Financial St8lements in accordancè with applicable law and iegulatlons. The Truslee$' are required lo prepare financial stalemanls for each financlal year in accordancg with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standard and Applicable Lawl. The financial statements are required by law lo give a true and fair view of the slate ol affairs ol the charity and of ils incoming resources for that period. In preparing these financial statement8 tho Trustees are required lo.. select suitable accounting policies and app them conslslenlly.. mak8 judgements and estimate$ that reasonable and prudent.. prepare the financial slatemenl8 on th6 going Concern basis unless il is inappropriate lo prasume that the Charity wll continue in business. The Truste6s' are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financia5 position of the charity and enable them lo ensure that the financial statements comply with applicable law, regulations, and trust deeds. They are also responsible for safeguarding the assets of th8 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Slgngd on bohalf of the charlty Trustees: Susan Ollver 19th JanLtary 2024
HEAMOOR PRE.SCHOOL PLAYGROUP INDEPEFIDENTEXAMINER'S REPORT TO THE TRUSTEES OF HEAMQOR PRE.SCHOOL PLAYGROUP I reporl on th6 aocounts ol lh8 Chadly for lh8 yeai endtrd 31gl July 2023, whlch ara sel DUI on pag&s 7 10 15. Respectlve RBsponslbllltles ol trustee$ 4nd Examlngr The Lliarlly's Irusleos are responsible for Ihe pr¶llon of the accounts, Tho charlly's IiusteÈs CDnslder Ihal an audlt18 not requlr8d for Ihls yttar under seGlion 144121 ol the Charllies AGI 7011 Ilhe 2D11 Act) aTrd an IndÈp8nd8nl pxamlnalltsn h8s beBn eonduclgd. Tha charily'È gross Incorn6 exceedpd £250,000 gnd l am quallfled to undertako 1110 Èxamlnallon by b8lng a qualllled membor ol lh8 Assoclallon al Chartgred Ceillllad Accounlanls. It Is my rtsponslblllty lo.. &xamlne tha accounts und&r secllon 145 of the 2011 Acl., lo follow the pra¢aduios lald down In th6 QEn¥ral Dlrecllons glvBD by the Charlty CDmml861(knorn lunder socllon 1451Sllbl of the 201fj Act., and to statB wh8lher paillcular rnallers have con)e lo my 8tt8nllon. Ba515 of independtsiil ex?mlner's report My examlnall()n w85 carrlad out In occordancp wllh @8ner81 Dlre¢llonÈ glvan by thÈ Charlty CommlsslonÈrs, An axaMln811on Includ8s a rgvlsw of Iho accounllng r2GDid5 kept by the ohBrlly Énd a ctsmparlslon ol the accounis pies8nlBd wllh Ihose re¢ords. 11 abo IiicludFJ8 BOn21derallon of any unusual Meins or di8Glosures Ih Ih6 8rcounl8, and ihe seekng of &xpldnxliDThs from you 8S trusl8e8 concernlng any such mall8rs. Tho procedures underlhken do nol provlde 811 lh8 8vl(5ence Ihal would b& requlrad in audll diid, consp4uonlly no oplnlon Is glven as i(} wliglher Ihe aGcounts present a'lrue and falr vlow snd Ihè rsporl Is limlled lo those matters sèt out in Ihg 51alemenl bolow. Independent 8Kaniiner's statemenl In conn6cllon wlth my examlhallon, no matter ha8 cume lo my atignllon: 11 Iwhlch glves me reasonable cau80 lo b@IIBV6 Ilial, in any malorlal respÈtsl, the requlr8mÈnts'. lo kaap accounllno raoDrds in ?s¢ordance wllh $8Ctlon 130 01 Iho 2011 Act,, and lo prépare accounis whieh accord wNh the aoGounllng records And lo comptywlth lh8 alOuntIng r8qulremgnls of th6 201 l Aot hav8 not hgan m@I', or 121 lo whlch, In my oplnlon, att&nllon shovld be drawn In older io an8ble a propèr underslandlng ol the accounls lo bè reached. Nell Hallam FCCA Cr8n8 & Johnston Chartored GÉtllllod Aocountants 11 Alverton Tprratre PENZANcr Cornwall TR1¥ 4JH Daled.. I,/L*
HEAMOOR PRE-SCHOOL PLAYGROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2023 Unrestricted Restricted Total Total Notes Funds Funds 2023 2022 Income Charitable Activities 282.759 1,727 1,500 282,759 1,727 1,500 263,329 835 Other Trading Activities Voluntary In¢ome- Donations Total Income 2BS,986 285,9B6 264. 164 Expenditure on.. Chaiitable aclwrties.. 300,804 300,804 278,49Q Total expen(Jiture 300,804 300,804 278,49Q Net expendlture 114,818 114,8181 (14.326) Transfer belween funds Net movement in funds 8,775 16,0431 8.775 18,7751 114,8181 {14.326) Reconciliation of funds Balance Brought Forward 79,764 47,775 127,539 741.865 Balance Carry Fonard 73,721 39.000 112.721 121,539 The Charity had no gains or losses other than those noted above. All income is derived from continuing aclivilies.
HEAMOOR PRE-SCHOOL PLAYGROUP BALANCE SHEET AS AT 31ST JULY 2023 2023 2022 Note8 Flx•d A8$•ts 79,130 1,685 Current AsSPt5 Debtors Ca$h at Bank and In H8nd 12,365 26,910 10,078 30,457 39,275 40,529 Crffllftors- amounts falllng duo wlthln one year 15.6851 14,676) Netcumt as$ots 33,$90 35,853 Total a$set¥ less current Il•bllitr45 112,721 127,539 Ineorne fvnd$ Unrestrfct funds.. Goneral lunds DeslgThg18d fund8 11 12 33,721 I,000 . 39,764 40,000 Rèstrfcted funds 13 39.000 47,TT5 112,721 127,539 Th• n¢)tos on tha followlng pages fom p8rt of these fln8ncl8181atemenl6. Th8 8Ltounts were approved by lh& Board on .. and sned on their behalf by.. S 011¥or Chabr E Wllhecombo Treasurer
HEAMOOR PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 Accounting policie5 Summary of slgnificant accountlng pol1cl and key accounting estimates The principal 8cGounling poliGies applied ID the preparation of thesè financial staletnenls are set out below Thes& policies have been consistently applied lo all the year5 presented. unless olhetwise 51ated. Basis of preparation Th8 financial slalemenls have been prepared in accordance with Accounting and Reporting by Charrti8s'. Statement of RÈtommènded Practice ChÈriliÈs SORP IFRS 1021. th& Financial Reporting Standard applicable In the UK and Republic af Ireland Heamoor Pre-school Playgroup Meets the definrtion of a public benefit enlily under FRS 102. Asset5 and liabilitie5 are initially recognised al historical cost or transaction value unless othewise staled in the relevant accounting policy no188. Golng conc8rn Th8 financi21 statements hav8 b&en prfrpared on 8 going con*rn basi5. There are no material un¢6rt8inties related to ev8nts or conditions that may cast doubl on th& ability of the Charity to continue as a going concern. Income and endowments Voluntary income, including donatlons, gifts, legacies and grants that provide core funding or are of 8 general nature Is recognised when the Charity has enlillÈmenl to the incom8, It is probab18 that the income will b8 r8c8ived and the amount can bp tne3SUted wrth SLrfficienl Teliabilrty. Donations and legac¢e5 Don8tions and legacies are recognised on a recewable basis when receipt is probable and the amount can be reliably measured. Grants receivable Crants are recognised when the Charity has an entitlement to the fufjds and any conditions linked lo the grants have beÈn mel. Where performance conditions are attached lo the grant and are yet lo be mel, the Income is reco9nised as a liability and included on the balanc8 she&t as deferred income lo b8 released. Donated setvlces and fae115tl88 ID acGordance wilh the Charitie5 SORP IFRS 1021. the lime provided by general volunteÈrs Is not reGognised. Investment income Investment income is recognised on a receivable b8Si5 Charllablo activltles lllGOTllÈ fvom tharitable activit$ includes income reco9nis8d as eamed las th8 related goods or senfices are provided) under conlraGI. other Incorne M31er131 inGoming resDurces from tax claims are included in the Statement of Financial Activities at the same lime as the gift lo which they relate.
HEAMOOR PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 Expenditure All expenditure Is recognised once there is a legal or constructive obligation to thal expenditur&.- it Is probable settlÈmenl is wuired,. and Ihe amount can be measured reliably. All costs are allocaled lo the expenditure heading that aggregate similar costs to that category Where costs cannot be d7CtIY attnbuled to p8rticular headings they have been allocated on a bas15 consislenl with the use of resources. wilh *nlra1 staff costs allocated OD the basis of time spent, an(J (lepreciation charges 311oGated on the portion of the asset's us8. Other support costs are allocatÈd based on the spread of staff c05tS. Raising fund5 Costs of generating funds are the Costs associa18d with attracting voluntary income. Charltable actlvltles CharitablÈ expènditure comprises those c08ts Incurred by the Charity in Ihe delivery of it5 activities and seNices for it5 benefi¢iarie5. 11 includes bDlh costs that can b8 allocated directly lo such activities and those costs of an indir8Ct n81ure necessary to sUPPOrt Ihern Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consislenl wlh the u88 of resource8, for example, allocating staff costs by the litne spent and othèr costs by their usage. Govtrmance costs Governance costs includ8 Costs of th& preparation and examination of the slatulory accounts, the costs of trustee meetings and thÈ cost of any legal advice to twslees on governan or constitutional matters Irrècoverable VAT Irrecoverable VAT is charged against the category of re50urGe5 expended for which It was incurr8d. Taxation The charity is consi(lered to pa55 the tests sel out In Paragraph 1 Schedule 6 of the Finance Act 2010 and Iherefore il meets the definition of a ch8rity for UK cotporation lax purposes. Accordingly, the Ch8rity Is potentially exempt fro taxation in respe¢l of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of chargeab Gains Aci 1992, to th8 &xlent that such incotne or gains ale applied exclusively to charitable purposes. Tanglble f(xed 8s$8ts and depreciation Tangible fixed 35sets are staled al cost kss depreciation. Depreciation is pri)vided at rate$ calculatèd to wnte off the cost l&ss èstimated resldual value of 8ach asset over its expeded useful lrfe, a5 follows. Individual fixed assets CQSling £100 or more are capitalised at cost Furniture and equipment Computers and motor vehicles Leasehold buihlings 200A per annum on a reducing balance basis 25.fi per annum on a reducing balance basis 4% per annum on a straight line basis Cash at bank and in hand Cash al bank and in hand incluLle5 cash aDd short lemi highly liquid inv8Stm8nts that are readily convertible to a known amounl of cash and are subject lo an insignificant risk of change in valu8.
HEAMOOR PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 Trade creditors Tr8de creditors are obligations to pay for go[5 or services that hav8 be&n acquired in the ordinary course of business from suppliers. Accounts payable are Gla55ified as current liabilities if the Charity does not have an uncondrtional right, at the end of the reporting period, to defer settletnent of the creditor for at18asl twelv& monlhs after the ieporting dale If there is an unconditional ri9hl lo defer settlement for at least twelve tnonlhs after the reporting dale. they are prèsented as non-curr8nl liabilities. Trade credrtor5 are recognised Initially at the transaction price and subsequentty measured at amortised cost using Ibe effective interest tnethDd. Financial instrutnents Thp charity only has financial 88sets and financial liabilities of a kind that qualify a5 basic financial Instruments. Basic finanGial insttuments are initially r&cognis8d at transaction valu8 and subsequently tneasured al their sèttlÈment V31ue. Fund accounn9 Unrestricted funds are donations and other InGQTning resoufG8S receivabl& or generated for the objects of the charity withoul furth81 specified purpose an(18re available a5 general funds. Designated funds is a provision made for redundancy c051s and represents transfers from unrestricted funds as agreed by the Trustèès. R8Stricted fund5 are subject lo specific conditions by donots and grant making bodies as to how they may be used. The purposes and uses of the restricted funds are Sel out in Ihe notes to the accounts.
HEAMOOR PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 Trustees None of the trustees lor any persons Gonnected Mlh Ih&ml r8ceived any remuneration or were reimbursed expenses during the year. Expendlture on Charitable Artivitie5 Day care 2. 14 years.. 2023 2022 Salaries Premises costs Toys and equipm8nl Refreshments and consum8bles Telephone and stationery Sundries Support costs (note 41 Gov8mance costs (note 51 194,516 21.562 612 9,689 1,435 4,803 62,305 5,882 300,804 179,228 20,444 92 8,003 1,772 3,234 60,326 5,391 278,490 12
HEAMOOR PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 Analys15 of Support Co$t$ Management & Flnance Statt Property cost5 Othpr tosts Total Charitable activilles 51.606 3.728 fj,962 62,306 51.6 3,738 6,962 62,306 Analysis of governance costs 2023 2022 3,896 1,986 5,882 2.501 1.890 5.391 IndtP8ndeni ex8min8lion & aCrunIS Analysis of staff ¢08ts 2023 2022 Wages 8nd salaries HMRCiob retention funding Employers National Insurance Èmployets pension u)sis Trainirbg costs 237.J37 220.273 11,3611 9,558 2,827 553 231,850 11,019 3,312 846 252,514 There were no employeeswhose etnolutnènts were £60.000 or more Tre average numbèrof full lirne employees. analysed by funcbon. was 2023 Number 2022 Number Acbvilies lo furtherlhe ch8riVs obJts Managemenl 8nd 8dminislr81ion f2 Avepge numberof full lime equivalenlemployeès during the period 14 13
HEAMOOR PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 Yanglble flxed assets Lgasehold Motor Vehlcles ComputeT5 & furnlture & equlptnent Totsl Cost Al 1 Augusl 2022 267,216 7,918 40.287 335,421 At 31 July 2023 287,21S 7,918 40.287 335,421 Depre¢latlon Al 1 August 2022 Charge foryear 200,237 11.489 6,039 470 37.461 596 243,737 12,555 At 31 July 2023 211.726 6.509 38.057 256,292 Net book value At 31 Juty 2023 75,490 1,409 2.230 79,130 At l Augus12022 86.979 1.879 2,826 91.684 Cnall Cou[1 IptEIryDusty peTrKth DIStle0n¢>ho1d a ¢har98 ov8rlhe bU11n9S thich expires in 20291spe note ISI. CllmwEII Ctsunthl le2ses thtrl8Thd tQlhe chaDtyal a p•ppgrcorn renl. The leaseexwres in 2027. Debto 2023 2022 Operational Debtors Prepayments Sundry Debtors 9.956 1,889 620 7.733 733 12,366 10.078 Creditors.. amounts falling due wf(hin one yoar 2023 2022 Operaiional Creditors Social security 8nd olhertsxe5 Acciuals Sundry Creditors 484 2,d08 1,986 807 80 2,104 1,890 602 5,685 4,676 14
HEAMOOR PRE-SCHOOL PLAYGROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023 10 Pension Scheme The charlty op8rate¥ a defined trAthbulion penslon 3cheme. The pen310n (st tharge forlhe year represents conknbullons p¥yawe by th$ ¢hartty to Ihe ano amwnled10£3.31212022£2.8271 ofthÈ Charfty General Fun Designated Fund Total 2023 Total 2022 Balan al 1slAugus12022 Mov¢m&ni In fund$ forihe year 39,784 40,000 79.764 87.285 16,0431 fl.5011 Balance at 31st July 2023 73.721 79,764 12 Deslgnated funds.. Bal•nce as At Transferred In the year Balance at 3110712023 Redundancy fund Mlnibus fund M8inienancefund 25.000 5.00 10,OOU 40.000 25.000 5,000 10,000 40 000 The des]gngted lund50 to meet unexpeGtedconlingencies Shou trEYase. 13 Re8iricted fund.. Balance as at Transferred In theyear 31m712023 New Building Fund 8.775 3g,000 The New Buildiro Fundwasforthe nStruction of newpremises and is Wtiiten off in lino wilh depl$tiOn 14 Analysls of net assets bEeen funds Nrt Current Assets Flxed Total Total Assets 2023 2022 aer1 Fund Designated Fund5 Flesthcted Fund 18,4091 40,000 40.130 33.721 40,OUO 39,000 39.764 40.0 47.77S 39.000 79.130 127.S39 15 Contingant Llablllty Cornwall Council (previously Penwilh Di$vicl Counclll requires a legal ch2r9eoverlhe buildings which wll exkvre in 2029. Should Ihecharity disposeof the bJil¢ings or aver the us$. th¢ grants of £55,000 from Nghbollrtd Renewal and £50,000 frorn Regenera BudgEt Itkly need lo be repaitt out of the proeds, 109plherwlh any increase In capltsl vale aiiributed to the funding. 15