## ## ## |Contents||||| |---|---|---|---|---| |||||1 to 9| |Trustees Report||||| |Reference and Administrative|||Details|| |||||10| |Statement|of Trustees'|Responsibilities||| |||||11to 14| |Independent|Auditors'|Report||15to16| |Statement|of Financial|Activities||| |||||17to 18| |Balance Sheet||||| |||||19| |Statement|ofCash Flows|||| |||||20 to 39| |Notes to the Financial||Statements||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Trustees Report|Trustees Report||||| |---|---|---|---|---|---| |Reference and||Administrative
Details|||| |Chief Executive Officer||||David Hall-Davies|| |Trustees||||Derek Tilby (Chair)|| |||||Penny
Mama|| |||||Hudson
Smith|| |||||Chris Seamarks (Treasurer)|| |||||lan Hurst|| |||||Nicola l-lemsley|| |||||Christopher
Weavill|| |||||David Leah (appointed|25/11/2021)| |Secretary||||David Hall-Davies|| |Charity Registration||Number||1073674|| |Company|Registration||Number|03684583|| |Principal|Office|||The Orchard
Alveiton
Road|| |||||Penzance|| |||||Cornwall|| |||||TR184TE|| |Auditor||||PKF Francis Clark
Statutory
Auditor|| |||||Loviin House|| |||||Tregolls Road|| |||||TI'ui'0|| |||||Comwall|| |||||TR1 2NA|| |Solicitors:||||Coodes Solicitors
49-50 Morrab Road|| |||||Penzance|| |||||Comwall|| |||||TR18 4EX|| |Bankers||||CAF Bank Limited
25 Kings
Hill Avenue|| |||||Kings
Hill|| |||||West Mailing|| |||||Kent|| |||||ME194JQ|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total| |---|---|---|---|---|---| |||Note|funds
f|fundsf|2022| |income and Endowments|from:||||| |Donations
and legacies
Charitable
activities
Other trading
activities
Investment
income|||5,569
807,384
21,617
38|105,857|5,569
913,241
21,617
38| |Totalincome
Expenditure
on:|||834,608|105,857|940,465| |Raising funds
Charitable
activities
Total expenditure
Net income||7|(19,117)
~497,707
~55I766,, l5tt4t5t
317,790|18,979
~86,878
~86,878|336,769
(19,117)
~584,579
~603,696| |Net movement
in funds
Reconciliation
offunds|||317,790|18,979|336,769| |Total funds
brought
forward
Total funds carried forward||20|234,264
552,054|221,289
240,268|455,553
792,322| ## |Recognised
Gains|a|nd Los|ses)|ses)|||| |---|---|---|---|---|---|---|---| |Comparative
Statement|of|Financial|for
Note
Activities||the year ended
Unrestricted
funds|31 March 2021
Restricted
fundsf|Total
2021f| |Income and Endowments
Donations
and legacies
Charitable
activities||from:|||21,850
748,769
53|133,479|21,850
882,248
53| |Investment
income|||||770,672|133,479|904,151| |Total income|||||||| |Expenditure
on:
Charitable
activities|||||(734,493
734,493|118,051
118,051|852,544
852,544| |Total expenditure|||||36,179|15,428|51,607| |Net income
Net movement
in funds|||||36,179|15,428|51,607| |Reconciliation
offunds
Total funds brought
forward
Total funds camed forward||||20|198,085
234,264|205,861
221,289|403,946
455,553| ## ## ||||||||Note|2022f|2021f| |---|---|---|---|---|---|---|---|---|---| |Fixed assets|||||||||| |Tangible assets|||||||11|507,562|520,319| |Current assets|||||||||| |Stocks
Debtors
Investments
Cash at bank and|in|hand|||||12
13
14
15|1,322
66,850
230
423,448|926
22,423
220
122,341| |Creditors: Amounts||falling due||within one year|||16|491,850
~III,946|145,910
~776.060| |Net current assets||||||||379,904|67,850| |Total assets less
0 dtt: 9|current
t I III||liabilities
9 d
It||t6|9|17|887,466
~96.t44|588,169
~732,676| |Net assets||||||||792,322|455,553| |Funds ofthe charity:|||||||||| |Restricted|||||||||| |Unrestricted||||||||240,268|221,289| |||||||||552,054|234,264| |Total funds|||||||20|792,322|455,553| ## ## ## |Statement
ofCash|Flows for the|Year E|nded 31|March 2022|| |---|---|---|---|---|---| ||||Note|2022|2021f| |Cash flows from operating|activities||||| |Net cash income|||||| |||||336,769|51,607| |Adjustments
to cash flows|from non-cash|items|||| |Depreciation
Investment
income||||57,689|52,088| |Profit on disposal oftangible|fixed assets|||(38)
~678.394|(53)| |||||(283,974)|103,642| |Working capital adjustments|||||| |(Increase)/decrease
in stocks
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors
Decrease
in deferred
income|||12
13
16
17|(396)
(44,427)
30,840|1,774
18,348
(30,065)
~2597| |Net cash flows from operating|activities|||~297,957|93,440| |Cash flows from investing
activities|||||| |Interest receivable
and similar income
Purchase
oftangible
fixed assets
Sale oftangible
fixed assets
Purchase
of investments|||6
11|38
(45,735)
679,197
~78|53
(44,414)| |Net cash flows from investing
activities
Cash flows from financing
activities||||633,490|(44,361)| |Repayment
ofloans and borrowings|||16|~34.426|~34.782| |Net increase
in cash and cash|equivalents|||301,107|14,897| |Cash and cash equivalents
at|1 April|||122,341|107,444| |Cash and cash equivalents
at|31 March|||423,448|122,341| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3|Income|from donations|and legacies||| |---|---|---|---|---|---| |||||Unrestricted|| |||||funds|Total| ||||||funds| |Donations||and legacies;||5,569|5,569| ||Donations|||5,569|5,569| |Total for||2022||21,850|21,850| |Total for||2021|||| |4|Income from charitable||activities||| |Income from charitable
activities|||| |---|---|---|---| ||Unrestricted
funds
f|Restricted
fundsf|Total
fundsf| |Grant income
Housing
support services
Rent
Other services|17,667
547,109
216,040
26,568
807,384|105,857
105,857|123,524
547,109
216,040
26,568
913,241| |Total for 2022|748,769|133,479|882,248| |Total for 2021|||| ## ## ## |||Unrestricted|| |---|---|---|---| |||funds|Total| |Trading|income;||fundsf| |Cafe|income|21,617|21,617| |Total for 2022||21,617|21,617| |Tota Ifor 2021|||| ## |||Unrestricted|| |---|---|---|---| |||funds|Total| |Investment|income|f
38|fundsf
38| |Tota I for|2022|38|38| |Total for 2021||53|53| ## |7
Expenditure
on charitable
activities
Expended
in pursuance
of charitable
objects|Activity
undertaken
directly
6
581,384
587,898|Activity
support
costsf
3,195
264,646|Total
expendituref
584,579
852,544| |---|---|---|---| |Total for 2021|||| ## ## |Analysis
ofexpe|nditure
on charitable
activities||| |---|---|---|---| |||Total funds|Total funds| |||2022|2021f| |Direct Costs|||| |Payroll costs
Other staff costs||510,882|472,211| |Supplies||4,081|2,977| |Outings,
activities
Security cover
Motor and travel|and welfare|3,730
57,264|9,070
15,831
62,489| |Housing
bursary scheme
Consultancy||5,184
243|3,020
1,047
21,253| |||587,383|587,898| |Support Costs|||| |Depreciation
Rent & rates||57,690|52,087| |Water||5,344|1,592| |Light and heat
Communications||12,563
28,613|10,248
22,327| |Office supplies
Audit fees||9,976
25,190|9,772
21,111| |Legal & professional
Affiliation
8 memberships
Insurance||6,888
25,634
2,892|6,817
20,088
2,583| |Irrecoverable
VAT||8,909|7,767| |Sundry expenses
Repairs 8 maintenance
Cleaning
&refuse
Finance costs||41,043
1,844
68,691
12,753|25,165
4,641
50,491
13,863| |Bad debts||12,562|14,319| |Profft/loss
on disposal offixed assets
Head office re-charge||(1,775)
(339,197)
23,575|1,775| |||3,195|264,646| ## ## |8
Net incomingioutgoing|resources||| |---|---|---|---| |Net incoming
resources for|the year include:|2022f|2021| |Audit fees
Other non-audit
services
Profit on disposal of tangible|fixed assets|4,000
2,888
(339,197)
57,689|4,000
2,817
52,087| |Depreciation
offixed assets|||| ## ## |10Staff costs|||| |---|---|---|---| |The aggregate|payroll costs were as follows;|2022f|2021| |Wages and salaries
Social security costs||462,510
27,637
20,735|423,951
29,514
18,746| |Pension costs||510,882|472,211| ## ## ## |e av|erage|num|ber
of persons
employed
by the charit|y duding
the year was as follows:|| |---|---|---|---|---|---| |||||2022|2021| |Management||and|administration|No|No| |Housing
Airplay|services
Youth||and support|7
18|8
18| |||||1|| |||||26|26| ## |11Tangible fixed|assets||||| |---|---|---|---|---|---| ||Freehold
propertyf|Fixtures and
fittings
f.|Motor
vehiclesf|Off(ce
equipmentf|Total| |Cost|||||| |At 1 April 2021
Additions
Disposals
At 31 March 2022|810,601
36,221
~2,679
844,143|47,444
1,565
~I7,000
32,009|15,828
15,828|24,064
7,949
32,013|897,937
45,735
~19,679
923,993| |Depreciation|||||| |At 1 April 2021
Charge for the|302,571|43,321|15,828|15,898|377,618| |year
Eliminated
on
disposals
At 31 March 2022|49,342
350,037
~1,876|1,074
27,395
~17,000|15,828|7,273
23,171|57,689
~78,876
416,431| |Net book value|||||| |At 31 March 2022|494,106|4,614||8,842|507,562| |At 31 March 2021|508,030|4,123||8,166|520,319| |12 Stock|||||| |||||2022|2021| |Stocks|||||| |||||1,322|926| ## ## |13Debtors|2022|2021f| |---|---|---| |Trade debtors
Prepayments
Accrued
income|2,853
16,927
37,070
10,000|3,053
7,047
7,998
4,325| |Other debtors|66,850|22,423| |14 Current asset investments|2022f|2021
f.| ||230|220| |Unlisted
investments||| |15Cash and cash equivalents|2022f|2021f| |Cash on hand|13,962
409,486|1,223
121,118| |Cash at bank|423,448|122,341| ## ## ## ||||||||2022||2021| |---|---|---|---|---|---|---|---|---|---| |Trade creditors
Otherloans|||||||34,716||10,355| |Other taxation
VAT liability
Other creditors|and social security||||||37,540
11,478
(485)||34,494
7,479| |Accruals|||||||828||6,039| |Deferred income|||||||13,980
13,889||5,804
13,889| ||||||||111,946||78,060| |Creditors
due within one year includes
charity:||||the following|liabilities,|on which|security has been||given by the| ||||||||2022||2021| |Other loans|||||||F
25,575||23,807| |Deferred
income at 1 April 2021
Resources deferred
in the period
Amounts
released
from previous||periods||||2022
f
13,889
13,889
~43,889||2021
14,148
13,889
~44, 148|| |Deferred
income|at year end||||||13,889||13,889| |Deferred
income
2022.|comprises
grants||and|other funding|received|relating|to the period|after 31 March|| |2022.|comp|ses
grants
and other funding
received|relating
to the period
aft|er 31 March| |---|---|---|---|---| ||||2022|2021| |Deferred
income (by grant)||||| |Lloyds Bank|Foundation||13,889|13,889| |Total deferred|income||13,889|13,889| |17Creditors:|amounts|falling due after one year||| |Other loans|||2022f
95,144|2021f
132,616| ## ## ## ## ## ## ## ## ## ## ||Balance at 1
April 2021f|Incoming
resources|Resources
expended
f|Resources
expended
f|Balance at 31
March 2022
F| |---|---|---|---|---|---| |Unrestricted
funds|||||| |General|||||| |General
unrestricted
funds
Designated|178,759|834,608|(515,785)||497,582| |Major repairs fund
Project development
fund
Total unrestricted
funds|49,423
6,082
55,505
234264|83466ll|(1,033)
~t,633
~576876||48,390
6,082
54,472
652654| |Restricted funds|||||| |Capital fund
Homeless
Link
Coffee shop refurbishment
Housing
and resettlement|136,465
1,870
2,627||(623)||136,465
1,247
2,627| |support service
Refurbishment
ofhostel
Appletree
House|1,770
6,401||(4,263)||1,770
2,138| |refurbishment
Comwail
Independent
Poverty|5,609||(2,156)||3,453| |bursaries
Tesco Bags for Life
Morris House conversion
Lloyds Bank Foundation
core|1,986
1,297
25,022||(685)
(1,875)||1,986
612
23,147| |grant
Big Lottery Funding
CCF Emergency
Fund
B&Q Foundation
Other restricted
funds
Bertrice Laing Trust
Vicar's relief fund
Streetsmart
- Resident|7,007
14,246
2,108
5,000
9,881|33,333
10,626
2,000
1,000|(32,546)
(375)
(8,854)
(21)
(1,000)||7,794
14,246
2,108
4,625
11,653
1,979| |Activities|||||| |Ludgvan
Church - Resident||3,000|||3,000| |Activities|||||| |Land Aid||350
23,750|(8,479)||350
15,271| ## |Notesto the Financial|Notesto the Financial|Statements
for t|he Year En|ded 31 Marc|h 2022| |---|---|---|---|---|---| |
Shekhinah
-Welcome packs
Rotary Club||Balance at 1
April 2021f|Incoming
resourcesf
195
5,000
900|Resources
expended
f.
(298)|Balance at 31
March 2022
195
4,702
900| |SW Trust Fund|||||| |Y-Housing
Apple tree|||25,703|25,703|| |refurbishment
Total restricted|funds|224, 289|705,857|~86878|240.268| |||455553|940465|~603696|792322| |Total funds|||||| ## |||Balance at 1
April 2020f|Incoming
resourcesf|Resources
expended
f|Balance at 31
March 2021
f| |---|---|---|---|---|---| |Unrestricted
funds|||||| |General|||||| |General
unrestricted
funds||141,547|770,672|(733,460)|178,759| |Designated|||||| |Major repairs fund
Project development
fund||50,456
6,082
56,538||(1,033)
~7,033|49,423
6,082
55,505| |Total unrestricted
funds||196,1185|770,672|~734,493|234,264| |Restricted|||||| |Capital fund
Homeless
Link
Coffee shop refurbishment
Housing
and resettlement||136,465
4,127|10,000|(8,130)
(1,500)|136,465
1,870
2,627| |support service
Motor vehicle
Refurbishment
of hostel
Appletree
House||4,115
6,401|13,000|(2,345)
(13,000)|1,770
6,401| |refurbishment
Cornwall
Independent
Poverty||5,609|||5,609| |bursaries
Tesco Bags for Life
Morris House conversion
Lloyds Bank Foundation|core|1,986
1,456
25,022|500
10,000|(659)
(10,000)|1,986
1,297
25,022| |grant
Big Lottery Funding
CCF Emergency
Fund
B&Q Foundation
Other restricted funds||5,393
10,000
5,287|33,333
35,242
10,000
5,000
16,404|(31,719)
(30,996)
(7,892)
~77,870|7,007
14,246
2,108
5,000
9,881| |Total restricted
funds||205.861|133.479|~778.051|221 289| |Total funds||403948|90415t|~852544|455553| ## ## ## ## ## ## ## ## ## ## ## |21 Analysis
of net assets between funds|21 Analysis
of net assets between funds|||| |---|---|---|---|---| |||Unrestricted||| |||fundsf|Restricted
f|Total funds
f| |Tangible
Current|fixed assets
assets|337,867
398,273|169,695
93,577|507,562
491,850| |Current
Creditors|liabilities
over 1 year|(88,942)
~95,444|(23,004)|(111,946)
~95,344| |Total net assets||552,054|240,268|792,322| |||||Total funds| |||Unrestricted||at 31 March| |||fundsf|Restricted
f|2021| |Tangible
Current|fixed assets
assets|354,354
76,697|165,965
69,213|520,319
145,910| |Current
liabilities
Creditors
over 1 year||(64,171)
~132,616|(13,889)|(78,060)
~132,616| |Total net assets||234,264|221,289|455,553| ## ##