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2022-03-31-accounts

Trustees appointed Trustees appointed Trustees appointed by the charity by the charity fall into two categories: a) independent fall into two categories: a) independent fall into two categories: a) independent fall into two categories: a) independent fall into two categories: a) independent trustees, trustees, and b)
representative trustees, nominated
by certain bodies to		 serve as their representative.
Independent Trustees Mr BBiscoe
Mr P Coyne
Mrs H Frank (Vice Chair) (appointed 10June 2021)
Ms N Hewitt
Mr L Rich (resigned 10 June 2021)
Dr RJ Royle
Mr A Shepherd (Chair)
Mr STredidgo
Mr P Willoughby (resigned 4 November 2021)
Representative Trustees Lady M Berkeley, (Isles ofScilly Council) (resigned 7October 2021)
Cllr H Frank, (Cornwall Council) (resigned 10June 2021)
Cllr J Morgan, (Cornwall Council) (appointed 15June 2021)
Cllr R Pears, (Cornwall Council) (appointed 15June 2021)
Company registered number 04144745
Charity registered number 1087550
Registered office The Chambers 1'"Floor
Penryn Street
REDRUTH
Cornwall
TR15 2SP
Company secretary Mr P Coyne
Chief executive officer Mrs
K Nissen
Mr TSneddon (Interim)
Independent Auditors RRL LLP
Peat House
Newham
Road
TRURO
Cornwall
TR1 2DP
Bankers Lloyds Bank pic
7 Boscawen Street
TRURO
Cornwall
TR12QT

Contents
Chairman's
statement
Trustees'
report
Independent
auditors'		 report on the financial statements 14
Consolidated
statement		 offinancial activities 19
Consolidated
balance sheet		 20
Consolidated
statement		 ofcash flows 21
Notes to the financial statements 22

Consolidated
st
For the year ended		 atement
offinancial
31March 2022		 activities
Unrestricted Restricted Total Total
funds funds 2022 2021
Notes f f f
Income
Donations
and legacies		 331,120 640 331,760 375,023
Charitable
activities		 2,197,606 198,424 2,396,030 2,232,657
Other trading
activities		 131,001 58,652 189,653 319,722
Investm ents 8,525 8,525 9,198
Total Income 2,668,252 257,716 2,925,968 2,936,600
Expenditure
on:
Raising funds 193,022 193,022 889,335
Charitable
activities		 2,261,116 255,450 2,516,566 1,780,505
Total expenditure 2,454,138 255,450 2,709,588 2,669,840
Net income before net gains on investments 214,114 2,266 216,380 266,760
Net gains on investments 14,865 14,865 32,820
Net income before taxation 228,979 2,266 231,245 299,580
Taxation 12 (8,209)
Net income after taxation 228,979 2,266 231,245 291,371
Transfers
between		 funds 19 165,460 (165,460)
Net movement
in funds		 394,439 (163,194) 231,245 291,371
Reconciliation offunds:
Fund balances at 1 April 2021 1,062,263 602,838 1,665,101 1,373,730
Fund balances at 31March 2022 1,456,702 439,644 1,896,346 1,665,101

As at31M ar ch 202 2
The The The The
Group Charity Group Charity
2022 2022 2021 2021
Notes f f f f
Fixed assets
Tangible assets 13 473,015 473,015 459,797 459,797
Investments 14 197,881 197,883 183,016 183,018
670,896 670,898 642,813 642,815
Current assets
Debtors 15 300,094 299,734 334,823 334,306
Investments 16 189,348 189,348 188,503 188,503
Cash at bank and in hand 1,130,774 826,227 833,914 644,509
1,620,216 1,315,309 1,357,240 1,167,318
Creditors: amounts falling due within
one year 17 (394,766) (421,312) (334,952) (342,516)
Net current assets 1,225,450 893,997 1,022,288 824,802
Total net assets 1,896,346 1,564,895 1,665,101 1,467,617
The funds ofthe charity
Restricted funds 19 439,644 439,644 602,838 602,838
Unrestricted funds 19 1,456,702 1,125,251 1,062,263 864,779
Total funds 1,896,346 1,564,895 1,665,101 1,467,617

2022 2021
f f
Cash flows from operating activities
Net cash used in operating activities 322,329 345,587
Interest receivable 7,680 309
Purchase oftangible
fixed		 assets (33,149) (3,569)
Taxation
paid		 (2,755)
Net cash used in investing activities (25,469) (6,015)
296,860 339,572
Cash flows from financing activities
Proceeds on disposal of investments
Net cash provided
by financing
activities
Change
in cash and cash equivalents		 in the year 296,860 339,572
Cash and cash equivalents at the beginning ofthe year 833,914 494,342
Cash and cash equivalents at the end ofthe year 1,130,774 833,914

Income from Donations and Legacies and Legacies
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
f f f f
Donations 70 640 710 222
Grants —CCDLi 331,050 331,050 337,233
Government grants 37,568
Total 2022 331,120 331,760 375,023
Tota I 2021 337,455 37,568 375,023
Government grants relates to funds received through the Coronavirus Job Retention Scheme.
Income from charitable activities
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
f f f
Income from charitable activities 2,197,606 198,424 2,396,030 2,232,657
Tota I 2021 1,928,351 304,306 2,232,657
Income from other trading activities
Unrestricted Restricted Total funds Total funds
funds funds 2022 2021
f f f. f
Project fees 97,063 58,652 155,715 267,411
Other income 33,938 33,938 52,311
Tota I 2022 131,001 58,652 189,653 319,722
Total 2021 319,722 319,722

Investment
incom		 e
Unrestricted
funds 2022 2021
f f f
Listed investment income 7,681 7,681 9,198
Cash deposits 844 844
Tota I 2022 8,525 8,525 9,198
Tota I 2021 9,198 9,198
Analysis ofexpenditure
2022 2021
Unrestricted Restricted Tota I Total
f f f
Costs of raising funds
CCDLi expenses 192,170 192,170 35,220
CRCC other fundraising expenses 852 852 205,203
Wages and salaries 648,912
Tota I2022 193,022 193,022 889,335
Tota I 2021 889,335 889,335

Charitable
activitie		 s
Unrestricted Restricted
Fundsf Funds
f		 2022
f		 2021
f
Contract payments made 781,955 8,730 790,685
Staff costs 1,220,801 197,239 1,418,040
Depreciation
and impairment		 8,420 11,511 16,920
Repairs and maintenance 11,176 748 11,924
Cleaning 14,960 25 14,985
Premises costs 68,411 49 68,460
Motor, travel R subsistence expenses 25,219 5,006 30,225
Printing,
postage and stationary		 2,871 2 2,873
Advertising
and promotion		 11,049 728 11,777
Telecommunications 18,241 760 19,001
Computer
running		 costs 25,239 1,297 26,536
Subscriptions 11,976 11,976
Other 22,742 857 23,599
Legal and professional 65,918 636 66,554
Overhead
recharge		 (27,862) 27,862
2,261,116 255,450 2,516,566 1,780,505

This is st ated after char ging the following:
2022 2021
f
Auditors' remuneration —audit (group) 6,000 5,790
Auditors' remuneration —other (group) 3,750 3,400
Depreciation
(group)		 19,931 17,176

The Group The Charity The Group The Charity
2022 2022 2021 2021
f f f f
Wages and salaries 1,412,255 1,304,324 1,654,819 1,560,568
Social security costs 100,396 89,670 117,397 106,566
Pension costs 27,795 24,046 31,353 29,554
1,540,446 1,418,040 1,803,569 1,696,688
Group Group Charity Charity
2022 2021 2022 2021
No. No. No. No.
Average headcount 68 86

Taxation
2022 2021
f f
Corporation tax
Current tax on net income for the year 8,209
Taxation on net income 8,209

Freehold Office Solar
property equipment Panels Total
f f f
Cost or valuation
At 1April 2021 482,146 36,561 32,960 551,667
Additions 33,149 33,149
At 31March 2022 482,146 69,710 32,960 584,816
Depreciation
At 1April 2021 54,755 28,551 8,564 91,870
Charge for the year 10,057 8,420 1,454 19,931
At 31March 2022 64,812 36,971 10,018 111,801
Net book value
At 31March 2022 417,334 32,739 22,942 473,015
At 31March 2021 427,391 8,010 24,396 459,797

Group Listed
Investments
f
Cost or Valuation
At 1April 2021 183,016
Revaluation 14,865
At 31March 2022 197,881
Value
At 31March 2022 197,881
At 31March 2021 183,016

Name Income
f		 Expenditure
f		 Result for year
f		 Result for year
f		 Net assets
f
CCDL innovation Ltd 197,083 (197,083) 15,964
15 Debtors
Group Charity Group Charity
2022 2022 2021 2021
f f f
Trade debtors 214,894 214,894 172,805 172,805
Other debtors 22,560 22,200 547 30
Accrued income and prepayments 62,640 62,640 161,471 161,471
300,094 299,734 334,823 334,306

16 Current asset investments Current asset investments Current asset investments Current asset investments Current asset investments
Group Charity Group Charity
2022 2022 2021 2021
f f f
Unlisted investments 189,348 189,348 188,503 188,503
17 Creditors: amounts falling due within one year
Group Charity Group Charity
2022 2022 2021 2021
f f f f
Trade creditors 249,790 248,858 49,272 48,729
Amounts owed to group undertakings 35,551 25,727
Corporation
tax		 80 10,907
Other taxation and social security 32,872 32,872 48,838 45,170
Other creditors 245
Accruals and deferred income 112,024 104,031 225,690 222,890
394,766 421,312 334,952 342,516
18 Deferred income
Group Charity Group Charity
2022 2022 2021 2021
f f f
At 1April 2021 281,183 133,163 73,015 73,015
Deferred in year 17,700 17,700 281,183 133,153
Released in year (281,183) (133,163) (73,015) (73,015)
At 31March 2022 17,700 17,700 281,183 133,153
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Unrestricted Restricted Total
funds
f		 fundsf
Fixed assets 33,371 439,644 473,015
Investments 197,881 197,881
Current assets 1,620,216 1,620,216
Current liabilities (394,766) (394,766)
Total 1,456,702 439,644 1,896,346
olidated fund balances at 31March 2021 are represented by:
Unrestricted Restricted Total
funds funds
f f
Fixed assets 8,642 451,155 459,797
Investm ents 183,016 183,016
Current assets 1,205,557 151,683 1,357,240
Current liabilities (334,952) (334,952)
1,062,263 602,838 1,665,101

The Group The Charity The Group The Charity
2022 2022 2021 2021
f f f f
Expiring within 1year 16,810 16,810 42,410 42,410
Expiring 2-5 years 34,525 34,525 60,628 60,628
51,335 51,335 103,038 103,038

25 Reconciliation
ofoperating		 Reconciliation
ofoperating		 Reconciliation
ofoperating		 surplus to surplus to net cash flow from operating activities
2022 2021
f f
Net income per statement offinancial activities 231,245 291,371
Ad'ustments
for:
Add back depreciation charge 19,931 17,176
Gains on investments (14,865) (32,820)
Interest receivable (8,525) (9,198)
Decrease in debtors 34,729 82,660
Increase/(decrease) in creditors 59,814 (11,811)
Tax charge 8,209
Net cash provided
by operating		 activities 322,329 345,587
26 Analysis ofchanges in net debt
31March
1April 2021 Cash flows 2022
E f f
Cash at bank and in hand 833,914 296,860 1,130,774
Liquid investments 188,503 845 189,348
1,022,417 297,705 1,320,122