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|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<br>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<br>K Nissen||||||||
|||||||Mr TSneddon|(Interim)|||||||
|Independent||Auditors||||RRL LLP||||||||
|||||||Peat House||||||||
|||||||Newham<br>Road||||||||
|||||||TRURO||||||||
|||||||Cornwall||||||||
|||||||TR1 2DP||||||||
|Bankers||||||Lloyds Bank pic||||||||
|||||||7 Boscawen Street||||||||
|||||||TRURO||||||||
|||||||Cornwall||||||||
|||||||TR12QT||||||||





## 

## 

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





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|Consolidated<br>st<br>For the year ended|atement<br>offinancial<br> 31March 2022|activities|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2022|2021|
|||Notes|f|f|f||
|Income|||||||
|Donations<br>and legacies|||331,120|640|331,760|375,023|
|Charitable<br>activities|||2,197,606|198,424|2,396,030|2,232,657|
|Other trading<br>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<br>on:|||||||
|Raising funds|||193,022||193,022|889,335|
|Charitable<br>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<br>between|funds|19|165,460|(165,460)|||
|Net movement<br>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<br>fixed|assets|||(33,149)||(3,569)||
|Taxation<br>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<br>by financing<br>activities||||||||
|Change<br>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|





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|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<br>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<br>activitie|s||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||Fundsf|Funds<br>f|2022<br>f|2021<br>f|
|Contract payments|made||781,955|8,730|790,685||
|Staff costs|||1,220,801|197,239|1,418,040||
|Depreciation<br>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,<br>postage and stationary|||2,871|2|2,873||
|Advertising<br>and promotion|||11,049|728|11,777||
|Telecommunications|||18,241|760|19,001||
|Computer<br>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<br>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<br>(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<br>f|Expenditure<br>f|Result for year<br>f|Result for year<br>f|Net assets<br>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<br>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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|hJ<br>Vl<br>Vl<br>Vl0|UlO<br>O|0<br>CO<br>IG|IA|OV|0 <br>Vl|Ul<br> 4<br>IIJ<br>CCJ|Ch<br>Vl<br>Vl|||Vl<br>0|OO<br>Vl||UJ<br>Ul<br>CG||||ID<br>Ib <br>CL <br>ID|Zl<br>Ih<br> 0c<br> n|||
||||||||||||||||||CL|VI|||
|Ch<br>Vli|Ch<br>DJ<br>Vl|Vl<br>Jb<br> 0||OO|UJ<br>O|Ul<br>UJ<br>Ch|IA<br>IO||||||UJ<br>Ch|||||«II|||
||IA||Ch|||Vl||I||I|I|||I||th||VI|||
|||||||||||||||||||07|||
|||||||||||||||||||bl|||
|||||||||||hJ||||||||n|||
|||||||||||UJ|Ch|||||||Ib|||
||I|I|I|I|I|I|I|I||4h<br>hJ<br>Vl|hJ<br>CG||||||o<br>hl|bl<br>IJJ|||





## 

## 

## 

## 



## 

## 

## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds<br>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<br>ofoperating|Reconciliation<br>ofoperating|Reconciliation<br>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<br>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<br>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|