2024-03-31-accounts

Registered number". 04144745 Charity number: 1087550 CORNWALL COMMUNITY DEVELOPMENT LIMITED (TRADING AS CRCC) (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 kLGriffin CliarlciL.d Accoun10171s

CORNWALL COMMUNITY DEVELOPMENT UMITED {A company limited by guarantee) CONTENTS Page Reference and adminlstratlve details of the Charity, its Trustees and advisers Trustees. report Independent auditors, report on th• financial statements Consolldated statement of financial activities Consolldated balance sheet Charity balance sheet Consolidated statement of cash flows Notes to the f Snancial statements 3-15 16-19 20 21-22 23-24 25 26-51

CORNWALL COMMUNITY DEVELOPMENT UMITED (A company limited by guardntse) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees A Shepherd, Chair (resigned 18 January 2024) B Biscoe R Bush, Chair (from 19 January 2024) (appointed 20 April 2023) D Callaghan (appointed 20 April 2023) P Coyne, Company Secretary (resigned 29 June 2024) H Frank R Pears S Tregidgo (resigned 1 Febwary 2024) N Hewttt P Mills (appointed 19 October 2023) J Royle (resigned 20 April 2023) Company registered number 04144745 Charity registered number 1087550 Registered offlcè The Chambers 1st Floor Penryn Street Redruth Cornwall TR15 2SP Company secretary Key Managment Personnel P Coyne, Company Secretsry (resigned 29 June 2024) K Nissen, Chief Executive Officer J Price R Wood K Pratt C Arymar A Brown N Sweeney R Poole Chlef executlve offlcer K Nissen Independent auditors Griffin Chartered Accountants Courtenay House Pynes Hill Exeter Page 1

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Bankers Lloyds Bank plc 7 Boscawen Street Truro Comwall TR12QT Page 2

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company Ilmited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees (who are also directors of the Charity for the purposes of the Companies Act) present their annual report together with the consolidated financial statements of the Charity and its subsidiary for the year ended 31 March 2024. The truslees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the companls governing document and the provisions of the statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 102)(effective 1 January 2019). Since the Charity qualifies as small under section 383. the strategic report required of medlum and large companies under The Companies Act 2006 (strategic Report and Director's Report) Regulations 2013 is not required. Chalrfs ststement Following the retirement of Alan Shepherd as Chair of the Board of Trustees this January, I was elected into that role having been appointed to the board in November 2022. It is still. therefore, a bit of a learning cuNe for me as I leam more and more about the depth and breadth of the CRCC. Alan wrote about Ihe post-covid challenges in last yearfs report, arKI although the ramifications of that crisis are still percolating through the economy, the Charity is perhaps more on an even keel than it was a year ago, staffing issues havè settled, with the changes Alan mentioned last year firmly bedded in.. we are so grateful for the skill, expertlse and dedication of our senior teams. It is clear that this is more than just a job for them, il is a vocation. Overseeing everything, of course. is Katherine. our chief executive, who balances the roles of motherhood with a very demanding job vrfith energy levels that are quite amazing, but not surprising in one so dedicated to the task in hand. As we approach the midpoint of 20241 think it is fair to say that the overall PDSltion of the Charity is positive and forward-thinking. The Strategic Review has now been completed, and at an away day in March. the five-year plan was introduced to all our Staff, and it was very good to see all three main areas of the Charity's remit.. Carers, Fishing and Learn Your Waylwork Your Way all sharing ideas and enthusiasms. Now, of course, comes the task of putting these hopes and aspirations into practice, bLrt we do see with a renewed sense of purpose; after a couple of years of taking stock and staff realignment the way seems Glearer ahead to achieve these things. We have a wonderful and committed staff, and l am very grateful for all they work they do in promoting the objects of the Charty. It is clear that CRCC is a people-based charty, and whilst we aKvays have to have an eye of what is praclically possible and achievable, and be duly cognisant of our resources to achieve those, the focus on people-based projects will become more prominent a5 time proceeds. In this we are very keen to seek good partnerships with other agencies in similar fields of activty, and I know that this is something that Katherine is very willing to explore. Financial matters still remain a challenge, and in this we are no different to so many organisations of our size and capabilities. This does mean reviewing every aspect of our operation, and Katherine and her team are doing this with due diligence. This does entai5 looking at our assets as well as our costs, so nothing will be overlooked in the attempt to achieve financial security. Page 3

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) TRUSTEES. REPQRT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We have recruited several new trustees in recent months, and whilst refrèshing the trustee body is a good and necessary practice, we are also aware that many trustees may have more limited experience of what being a twstee entsils. In the light of this we have produced a new trustee handbook and have undertaken a skills, audit identifying areas where we need more training, particular in the areas of charity and company law, financial investment and business planning. Our aim here is to try and integrate trustees more into the operation81 aspect of the Charity, and with this in mind we have established working parties, subgroups of the board in fact, where senior managers and individual trustees can jointly supervise their particular work areas, thus gwing trustees more direct experience of the work of the Charity. I remain very indebted to the time and commitment that the trustees give to their rol&s. We are also continually grateful to our Patron, Colonel Sir Edvrdrd Bolitho OBE for all he does for us. I look fopNard to seeing the Charty go frorn strength to strength in the years ahead. Mr R Bush Chair, Trustee Date.. 30 July 2024 Page 4

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company Ilmfted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and activities The objectives of the charity as in the Artides, approved by the Trustees on 20 October 2022 are: a) To promote any charitable purposes for the benefit of communities particularly but not exclusively those situated in the geographical Gounly of Cornwall. including the Isles of Scilly, by (inter alia) assisting the work of statutory authorities and voluntary and other organisations engaged in advancing education and training, homelessness, distress or sicknes5, the promotion of urban or rural regeneration in areas of social and economic deprivation. the conseNation. protection and improvement of the physical and natural environment (including through the mitigation ot the impact of climate change) or in pursuing any other charitable purposes., and b) To promote and organise cO￿peratIon in the achievement of the said purposes and tc that end to being together representatives of the relevant authorities and organisations engaged in the furtheranGe of the said purposes particularly but not exclusively those within the geographical county of Cornwall the151es of Scilty. Alms of the Charty The charitys aim Is to develop inclusive strategies that will empower individuals, groups and communities, wherever they are supported, bul especially across Comwall and Isles of Scilly in order to sustaln and enhance the quality of life of their communilies by: Improving the understanding of the social and economic strengths of relevant communities through research., Raising awareness of the importance of community services and encouraging and promoting their affordable provision. Supporting and promoting best value in the work of communty and voluntary organlsations; Promoting, developing and initiating activities for the welfare of disadvantsged individuals and groups; Encouraging economic diversification and strengthening and supporting measures to provide and create sustainable employment., Working with others to ensure that policy makets and service providers take the needs and circumstances of local communities and voluntary oiganisations into account. In working with individuals and groups, CRCC will respect the following values.. We will be flexible, adaptable and responsive. We will respect views expressed ta us and ensure that those views are given an appropriate hearing; We will not seek lo impose our views on others; We will be proactNe where we see potential solutions to needs brought to our attention., We will pursue an active policy of equal access to our services. equal opportunity for customers and staff and sensitivity to the needs of individuals and groups. W8 will promote dialogue and mediation. The trustees have referred to the guidance contained in the Charity Commission's information on public benefit when reviewing the charivs aims and objectives in planning future aclivities. In particular, the trustees consider how planned activities will contribute to the aims and objectives. Separate project business plans for each project area are used so that there is a tailored plan for each project. Progress against each plan will be reviewed and new outcomes and measures set annually where relevant. Page 5

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activities (contlnued) ABOUTCRCC CRCC 15 a Cornish based Charity that informs and guides local groups and individuals to achieve their aspirations and develop sustainable. inclusive Communities. It is part of a ne￿Ork of 38 Rural Communty Charities across England, all sharing the aim of enhancing rural communities. Additionally, CCDLI supports fishing communities throughoLrt the UK. There are 70 members of stsff, some part-time and many are out in the field offering face to face support and information and are complimented by a small support team. CRCC'S vlslon CRCC'S vision is to promote and support communtties. especially Cornwall and the Isles of Scilly to ensure they ¢an thrive and be self-confident. OURVALUES CRCC'S values reflect our pU￿OSe and have been written collaboratively by staff, Trustees and volunteers. ENGAGE We work with local communities to enable them to identify their needs. We aim to meet these needs through offering practical, innovative and professional support whilst offering opportunities for individuals and groups to reach their potential and foster community cohesion. We respond to community needs and demands, encouraging self-advocacy and the effective representation of those needs. SUPPORT With honesty, integrity and respect, we strive to help people achieve their potential by valuing diversity and empowering individuals to reach their aspirations. ADAPT We will use our resources, collective skills. knowledge and experience effectively to enable and support individuals and the communty to achieve positive oulcomes. Page 6

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectives and activities (continued) Achievements and perfomiance OUR ACHIEVEMENTS AND PUBLIC BENEFIT CCDL (trading as Cornwall Rural Communty Charity) supports and strengthens communities. Our work falls into three maln categories: Rural & Coastal, Education & Training and Carers & Wellbeing. During 202312024 we achieved the following: Cornwall Carers Service The Cornwall Carers Service, commissioned by Cornwall Council, provides a comprehensive range of support to unpaid carers across Cornwall. This se￿1¢e is delivered in partnership with organisations with a shared ambition to provide support to unpaid carers. Over 1,200 people accessed the seNice each quarter, with over 700 people accessing level 1 support. Over 1,000 in a quarter jained the official car8rs register, and 49 people were supported away from and therefore avoided crisis poinL The lead partner is Comwall Rural Community Charity, working with Disability Cornwall & los, Age UK CIOS, Bamardo's, and Promas CIC. We offer emotional support. information, advice and guidance tailored to the unique needs of carers, The service is undertaking a Digrtal Care & Wellbeing Project to increase carer support by accessing digrtal resources, and also working in partnership to give carers access to short breaks. Additionally, the service includes statutory assessments, access to grants, community support, and carer- specific training. Dedicated services are aSso available for Young Adult Carers {16-25 years old) and Young Carers. 19 young carers in a quarter accessed a residential activity. By recognising the invaluable contributions of unpaid carers, the Cornwall Carers Setvice ensures they recetve the support and resourc8s needed to balance their caregiving responsibilities with their own peT50nal goals and well-being. Inclusion Matters Inclusion Matters is a vital service in Cornwall. commissioned by the local authority, dedicated to supporting individuals who are lonely and isolated. This servi￿, led by Cornwall Rural Community Charity, brings together various charitable and public sector organisations to provide comprehensive support. Inclusion Matters aims to enhance the qualty of life for residents by offering information, advice, and connections to community activities and services. The service hit its support target in the previous quarter by 316%. supporting almost 3,800 peopl8. 73 people were supported with developing a sustainable and successful hospital discharge plan, 225 people 5UPPOrted with their inclusion plans, and over 100 people successfully discharged from the service as their loneliness and isolation had been addressed and they were leaving with the skills and resources to feel more connected. By fostering a sense of belonging and improving well-being. the service helps individuals stay healthy, get active, and feel more connected to their community. Through a strengths-based approach and a commitment to transparency and flexibilbty, Inclusion Matters ensures that everyone receives the support they need to thrive. Page 7

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company lirnited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2024 Achlevements and perfomiance (continued) Community Gateway The Comwall Community Gateway is a vital resource offering comprehensive support to individuals across Cornwall and the Isles of Scilly. This service, accessible via a dedicated telephone line and email, connects people to a wide range of professional voluntary sector support and services. The service has supported 172 people during the year. and as a wider Cornwall project across all localty leads, received over 48,000 calls and emails and provided almost 7,000 support plans. The Gateway team works closely with individuals to create personalised care plans that aim to prevent hospital admissions, reduce social isolation, and enhance overall wellbeing. By linking people to mental health support community activities, and essential services such as hot food arKI warm spaces, the Gateway ensures that everyone receives the help they need. Operating 365 days a year, the Comwall Community Gateway stands as a beacon of support, fostering independence and improving the quality of life for countless community members. Learn Your Wayiwork Your Way As our education year ends for 23-24 we reflect on what has been ach￿ved. We had 100'/0 success rate for LYW qualification programme and 93/0 completion of our VWYW Supported Internship5 & Work Experience programme (student left programme in first term). Students were able to gain valuable work experience or communty engagement opportunities. students were presented with certificates at Celebration Events and most WYW students have gained permanent volunteeringltraining posrtion5, With three gaining paid employment. Transition has been completed for 811 students. This includes those that are exiting to Adult Social Care, moving to other education opportunities and those progressing from LYW to WYW. We have increased student numbers as well as introducing a new Work Experien￿ pragramme to bridge the gap between LYW and the supported intemship program. Students have beneftted from new experiences including the allotment at Penzance and dance classes with a flash mcb at Truro. We have recruited a new Community Engagement tutor as well as providing training and career development to our ESAS. We are now offering term time only contracts to our ESAS which has been greatly received with the majority moving across to the new contract. The appeal being an increase to the hourly rate bringing them above national living wage and more time off during the school holiday5. Our numbers for the next academic year have increased from 34 to an expected 41. With the addition of the extra young people the project should bring in more funding in the next academic year. Lot5 of exciting new links have been made with potential employers, placement5 and projects which looks to see 24-25 cohort of young people achieve more great things. Page 8

CORNWALL COMMUNITY DEVELoPmE￿r LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Icontinued) Flshing Communitles Our Fishing Animateur project support5 UK wide fishing communities to develop business plans, secure loans, and gain acce55 to grant funding., enabling sustainable and resilient growth. The Fishing Animateurs have continued to support the most adversely affected fishers to access funding. Their work has helped strengthen community resilience and support the domestic fish market whilst proteding the small scale fishing industry in our coastal areas. The project has supported a number of funds this year with a total project cost of around £7.5 million. Digital Together Digital Together has been delivering since April 2023 and in the first year of this CRCC led Digital Inclusion Partnership our Digitsl Inclusion Team have delivered workshops to 488 individuals, supported the recruitment and training of Digital Champions to 61 organisations, dispensed grants to 7 community organisations which has resulted in unique projects co4esigned by members of the communty. The Community Venues who will receive a Digital Community Hubs Grant: Godolphin Cross Digital Community Hub st Breward Digital Community Hub Newquay Orchard Digital Community Hub Troon Church Hall Digitsl Community Hub Treneere Digital Community Hub Centre of Pendeen Digital Community Hub Rural and Coastal Since April 2023, the Rural and Coastal team have been busy with many different projects ranging from rural transport to housing and supporting communty groups and village halls wtlh funding and governance advice. Over this period, we have engaged wilh around 60 different community groups and indivbduals offering support and advice, signposting and helping to secure funding. Our Rural Transport Enabler has been busy gathering information and engaging with rural communities in order to better understand the challenges they face in terms of access and will be producing a comprehensive report looking at these challenges and what could be done to address them. We have secured funding for a Site Finder and are working with a Housing partner to increase the delivery of affordable housing across Cornwall. This is a huge challenge and we are working hard to make a real and lasting impact. We remain passionate and committed to representing rural and Coastal communities across Comwall, helping them lo overcome the wide range of challenge5 they face and increase resilien￿. Page 9

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarnntee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance (contlnued) Clean Cornwall From April 2023 to March 2024. Clean Cornwall has continued to support community groups, individuals and businesses across Cornwall to make a difference. We have worked with more than 3700 volunteers. These volunteers collected nearly 4000 bag5 of litter from locations all across Cornwall, benefitting residents, V151tors and wildlrfe. The impact is not On￿ seen in environmental benefit but also in increased mental and physical wellbeing. this can be translated into a social value return of £7.57 for every pound invested. We continue to work with our fantastic Change Maker businesses and currently have 15 members working closely with us to reduce their impact on the environment. support our work and the efforts of our volunteers, The 'Blue Litter Project, is coming to an end and after a year of working with the marine leisure industry around the coast of Comwall we are now in the process of gathering the data in order to analyse and infonn future interventions. Our social media campaigns are reaching an increasingly growing audience and we have continued to grow our successful 'Poo Dog, campaign, releasing ￿ more hounds to remind people to pick up after their dogs. Our educational resources are ever popular and are regularly downloaded by schools and other educational establishments to inspire the next generation. We continuously update these to inspire young people to look after their environment and ￿duce their Impact. VOUNTEER POLICY The charity is grateful for the unstinting efforts of its volunteers who are involved in many aspects of our work. FINANCIAL REVIEW GOING CONCERN After making appropriate enquiries. trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing Ihe financial statements. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES As at 31 March 2024, the consolidated balance sheet on page 21 shows the total funds of CCDL stood at £1.388,186. Unrestricted funds of £649,689 including designated reseNes of £337.668 represent the reseNes available to the organisation to fulfil its existing commitments over the long temi. Unrestricted funds The consolidated statement of financial activities on page 20 shows total unrestricted incoming resources for the year ended 31 March 2024 of £3,057,187 and total resources expended were £2,997,114. After adjustments for gains in investment asset5 of £9.478 and interfund transfers, net incoming resources for the yearwere £69,551. Page 10

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance (continued) Restricted funds As shown in the statement of financial actrvtttes, total incoming resources were £860,989 and total resources expended were £846,906. After adjustments for interfund transfers, the net incoming resources for the year were £14,083. RESERVES POLICY Sufficient reseD/es are required to provid6: Working capital equivalent to three months, unrestricted funds expenditure Protection against the unpredicted loss of grant funding A hedge against liabilities It is the policy of the charity to maintain unrestricted funds, which are the free reseNes of the charity, at a level that equates to approximately three months, unrestricted fund expenditure. Based on the financial statements to 31 March 2024, this target level would be £605,000. At present the free reserves amount to £649,689, which includes the already designated reseNes of £337,668 and given anticipated reductions in futu￿ funding this is acceptable to the trustees. Sufficient reseNes should be retained under each of the restricted funds lo meet the charity's obligations under that fund. INVESTMENT POWERS Under the memorandum and artrcles of association, the charity has the power to make any investment which the trustees see fit. INVESTMENT POLICY Surplus cash is placed on bank deposit in order to maximise interest receivable subject to security of the funds and their availability to meet the needs of the business. All cash investment5 are made in the form of govemment securities or unit trusts, There will be no investments in the shares of individual companies and there will be no speculative investment in land or buildings. Investments are valued annually by stockbrokers Charles Stanley & Co Ltd. The trustees conslder investment performance for the year to be reasonable considering pravailing global market conditions but are looking for better investment opportunities in the future. Page11

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION The Charty and the group is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 19 January 2001, as subsequently amended 20 October 2022 and is a registered charity number 1087550. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Charity and the group is the responsibility of the trustees who are elected and co opted under the temis of the Articles of Association. The organisation seeks trustees who can subscribe to and support the core values and aims of the Charity and are committed tc utilising their specrfic skills. knowledge or expertise to assist in the making of sound decisions. They must have the following attributes: A commitment to support the values of the charity A passion for the work of the charity in supporting communities in Cornwall. An acceptance and understanding of the duties, responsibilities and liabililies of twsteeship The willlngness to devote the necessary time and effort to the duties of a trustee Integrity mixed with good independent judgement plus the desire to be an effective team member. the abllity to think creatively and strategically and a willingness to make their contribution to the Board or any of its committees While historically Cornvrfall Council has nominated Councilk)rs to sepie as Trustees it has been decided and determined in the new Articles that all Tnjslees will be irKlependent. From tlme lo time the charity will cary out a Trustee skills audit arKI agree ¢ollectively on the particular skills and experiences required to support the strategic development of the charity. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES CRCC provides a tailored induction programme for each new trustee ensuring a comprehensive guide to the charity. ils work, the people we serve and all members of staff and most particularly the underlying values of the charity. At a minimum they will achieve this by having- Access to relevant documentation regarding the role of trustee Information regarding CRCC * its missM)n, role, values. working system5. policies and procedures A good level of support from fellow trustees and CRCC staff members An opportunty to meet CRCC staff and find out more about work in progress The induction programme is laid out in phases, allowing the new trustee to experience all aspects of CRCC, the work that it undertakes and their own role in the organisation. On completion of the induction, feedback from the new truslee enable5 the organisation to assess any further training required. CRCC complies with the Charity Governance Code. Page 12

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarante8) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management (contlnued) ORGANISATIONAL STRUCTURE AND DECISION MAKING CRCC is an independenl charitable company employing 70 staff (as at 31 July 2024. The policy and general affairs of the ch8ritable company are directed by the full Board of Trustees who may exercise all the powers of the charitable company as set out in its Memorandum and Articles of Association. From time to time presentations are given by key staff prior to a m8eting of the Board of Trustees to enable trustees to better review and evaluate CRCC'S performance and targets and thereby providing trustees with greater understsnding of CRCC'S aclivities. Further a series of joint Trusteelmanagement Istsff working groups have been established covering Finance, IT and Investments., People., Operations., Risk and compliance; and future development. Day to day responsibility for the overall operation of CRCC is delegated to the Chief Executive, supported by the Senior Leadership Team, a small team of managers with responsibility for key work areas. Membership of this group is as follows: Chief Executive Finance Manager Development Lead (Rural Development) Development Lead (Social Fabric) Education Manager Care & Prevention Manager Information Governance and Risk Manager Contracts and funding bids are discussed by trustees at full board meetings in advan￿ of submission although authority for final approval is sometimes delegated to a senior trustee for reasons of liming and application deadlines. In every case, contracts are signed, Usual￿ the Chair and counter-signed by the Chief Executive or the Company Secretary. PAY POLICY The Chief Executive has authority to agree pay rises, trustees have ov8rsight of non-standard pay rises over £2,000, Page 13

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management Icontinued) EQUALITY AND DIVERSITY CRCC is an equal opportunities employer. tt aims to ensure that no job applicant, employee, volunteer or trustee receives less favourable treatment on the grounds of sex, age, disability, marital status, sexual orientation, religion, colour, nationality or ethnic or national origin, nor is disadvantaged by conditions or requirements which cannot be shown to be justifiable. This principle will apply to recruitment, promotion, transfer, training, benefits, facilities, procedures and all terms and conditions of employment. Selection criteria and procedures will be regularly reviewed to ensure that individuals are selected. promoted and treated on the basis of their relative merits and abilities. All employees will be given, where appropriate and possible, the equal opportunity to progress wrthin the organisation. CRCC will ensure that any future changes of office location will be easily accessible to all. This polley aims to challenge discrimination and encourage diversity in all areas of the organisation. We aim to ensure that the organisation reflects and meets the needs of the community and incorporates equal opportunities into all areas of work. RISK MANAGEMENT The trustees regular￿ review the major strategic. business and operational risks faced by the charity. These risks are identified in participation with managers, volunteers, users and by the management and admlnistratlve staff of the charity. The trustees are involved in a continuous process of carrying out risk assessments at all CRCC premises and establishing systems to mitigate these risks. The trustees recognise that they need to understand.. The respectrve roles of board and staff The good practice that needs to be followed in the recruitment and induction of new Iru5tees That regular reviews need to be undertaken of trustee and organisational performance That compliance is essential wrth relevant laws affecting the organi5ation That they must ensure that good employment procedures and practices are in place in order to provide a well-supported staff The charity will continue to deliver both historical projects and new and meaningful opportunities falling within the strategic objectives. In order to deliver its objects the charity will, whenever possible, work in collaboration with other charities and not for profit organisations within Comwall and further afield. A key focus continues to be to support and strengthen Cornish Communities to improve their quality of life. INFORMATION ON FUNDRAISING PPACTICES Fundraising is carried out in the context of generating funds for specthc projects on a project by project basis, whether from giants or from contracts, Wlth the intention that each project is able to fund its activiti&s from its own particular funding source. General fundraising from the public or other bodies is not undertaken, the services of a professional fund raiser or a commercial participator are not used. No complaints have been received regarding fundraising activities. Page 14

CORNWALL COMMUNITY DEVELOPMENT UMITED (A company Ibmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2024 statement of Trustees. responsibllities The members cf the Board conslitute directors of the company for thè purposes of the Companies Act. They are responsible for preparing the Trustees, report and the finanGial statements in accordance with applicable law and regulations. Law applicable to companies in England and Wales requires the directors to prepare the financial statements for 8ach financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Untted Kingdom Accounting standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the group and company and of the net incoming or outgoing resources of the group for that year. In preparing those financial statements the directors are required to: selecl suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the group and company will continue in business. The directors are responsible for keeping proper accounting records which dlsclose with reasonable accuracy at any time the financi81 position of the company and group and to enable them to ensure that the financial statements comply with the Companies Act 2006 and Charitiès Act 2011. Thay hav8 general responsibility for taking such steps as are reasonably open to them to safeguard the assets of group and company and to prevent and detect fraud and other irregularities. statement of Disclosure to audltor So far as th8 members of the Board are aware, there is no relevant audit infom)ation of which the chariV8 auditors are unaware. Additionally, the members of the Board have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the charWs auditors are aware of that infomation. The Trustees, report, incorporating a strategic report was approved by order of the Board of Trustees, as the company directors, and signed on its behalf by: Audltors The auditors, Grtffin. have indicated their willingness to conlinue in office. The designated Truste&s will propose a motion reappointing the auditors at a meeting of the Trustees. R Bush Chair of Trustees Page 15

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limtted by guarantee INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CORNWALL COMMUNITY DEVELOPMENT LIMITED Opinion We have audited the financial ststements of Cornwalt Community Development Limited (the 'parent charitable companl) and its subsidiaries {the 'group') for the year ended 31 March 2024 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Consolidated Statement of cash fiows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (Untted Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements". give a true and fair view of the state of the Group's and of the parent charitable companys affalrs as at 31 March 2024 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conduct&d our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements seclion of our report. We are independent of the Group in accordance with th8 ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or colledively, may cast significant doubt on the Group's or the parent charitable company's abilty to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 16

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company Ilmlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CORNWALLCOMMUNITY DEVELOPMENT LIMITED (CONTINUED) Other Infonnation The other information comprises the infomiation included in the Annual report other than the financial ststements and our Auditors, report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the e*(ent othe￿ise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othe￿iSe appears to be materially misstated. If vrfe identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to r8POrt in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us lo r&port to you if, in our opinion: the infomation given in the Trustees, report is inconsistent in any material respect with the financial statements: or the parent charitable company has not kept sufficient accounling records., or the parent charitable company financial statements are not in agreement with the accounting records and returns. or we have not received all the information and explanations we require for our audit. Responsibilities of truste8S As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable ccmpanls ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going con￿rn basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or lo cease operations, or have no realbstic aliernative but to do so. Page 17

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CORNWALL COMMUNITY DEVELOPMENT LIMITED (CONTINUED Auditors, responsibllities for the audit of the financial statements We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our opinion, Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when il exists. Misstatements can arise from fraud ar error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Ir￿gUlaritIes. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Our audit procedures have reviewed for evidence of managment override, any ongoing legal cases. completeness of related paty transactions. as well as ongoing consideration of fraud and irregularities during the whole audit process. Because of the inherent limttations of an audit, there is a risk that we wll not detect all irregularities, including those leading to a material misstatemenl in the fina￿lar statements or non-compliance with regulation. This risk Increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than errcr, as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. A further description of our responsibilitie5 for the audit of the financial statements is located on the Financial Reporting Council's website at: wMv.frc.or .uklauditorsres Auditors, report. onsibilities. This description forms part of our Use of our report This report is made solely to the charitable companys twstees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable companys trustees those matters we are required to state to them in an Audilors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to 8nyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. Page 18

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company Ilmited by guarantee> INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CORNWALL COMMUNITY DEVELOPMENT LIMITED (CONTINUED) Grlffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ Date.. ¥glioli4 Griffin are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 19

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tot81 fvnds 2023 Note Income from: Donations a￿1 legacies Charitable activities other trading activities Investments 826 2,654.539 390,513 11.309 340,789 520.200 341,615 3,174,739 390,513 11,309 180.037 2, 702,683 214,110 8, 802 Total income Expenditure on: Raising funds Charitable activities 3,057.187 860,989 3,918,176 3, 105, 632 390.459 4S6,447 390.459 3.453,561 10 2,997,114 225, 756 3,280,927 Total expenditure 2,997.114 846,906 3,844,020 3,506, 683 Net movement in funds before other recognised gainsl(losses Other recognlsed gainsl(losses): Net gains on investments 60,073 14,083 74,156 (401,051) 9,478 9,478 (9,221) Net movement in funds 69,551 14,083 83,634 (410, 272) Reconciliation of funds: Total funds brought forward Net movement in fund5 580,138 69,551 724.414 14,083 1,304,552 83,634 1, 714,824 (410.272) Total funds carrled forward 649,689 738.497 1.388,186 1,304, 552 The Consolidated statement of financial activities includes all gains and losses recognised in the year. The notes on pages 26 to 51 form part of these financial statements. Page 20

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) REGISTERED NUMBER: 04144745 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets Investments 14 15 442,378 198.137 472,478 188,660 640,515 661,138 Current assets D8btors Investments Cash at bank and in hand 16 17 530,812 191,414 851,457 270, 220 190,378 1,088, 731 1,573,683 1, 549,329 Creditors.. amounts falling due within one year (826,012 (905, 9q5) 18 Net current assets 747,671 643,414 Total assets less current liabilltles 1,388,186 q,304, 552 Net assets excluding penslon asset 1,388,186 1,304,552 Totsl net assets 1.388.186 1.304,552 Charlty funds Restricted funds Unrestricted funds Designated funds General funds 19 738.497 724,414 19 19 337,668 312.021 285.OQO 295, 138 Total unrestricted funds 19 649.689 580, 138 Total funds 1,388,186 1,304,552 Page 21

CORNWALL COMMUNrrY DEVELOPMENT UMITED (A company limited by guarantee) REGISTERED NUMBER: 04144745 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entty to obtain an audit for the year in question in accordance with section 478 of the Companies Act 2006. However, an audit is required in accordance with section 151 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were L<k/( o proved and authorised for issue by the Truste6s on and signed on their behalf by: R Bush (Chair of Trustees) The notes on pages 28 to 51 form part of these financial statements. Page 22

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) REGISTERED NUMBER: 04144745 CHARITY BALANCE SHEET AS AT 31 MARCH 2024 As restat@d 2023 2024 Note Fixed assets Tangible assets Investments 14 15 439,227 198,139 470, 175 188,662 637.366 658,837 Current assets Debtors Investments Cash at bank and in hand 16 17 535,445 191,414 609.905 261,940 190.378 841,166 1,336,764 1.293,484 Creditors.. amounts falling due within one year 18 {609,641) (745, 138) Nat current assets 727,123 548,346 Total assets le88 currènt Ilablllties 1,364,489 1,207, q83 Net assets èxcluding penslon asset 1,364,489 1,207,183 Total net assets q,364,489 1, 207, 183 Charity funds Restricted funds Unrestricted funds 19 714,800 724,414 Designated funds General funds 19 19 337,668 312,021 285, 000 197, 769 Total unrestricted funds 19 649,689 482, 769 Total funds 1,364,489 1.207, 183 The Charity's net movement in funds for the year was £157,306 (2023 - £(262,816)). Page 23

CORNWALL COMMUNITY DEVELOPMENT UMITED (A company limited by guarantee) REGISTERED NUMBER: 04144745 CHARITY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024 The Charity was anlitled to exemption from aLJdit under section 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 151 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying wilh the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on i(fr/( oj L* and signed on their behalf by. R Bush (Chair of Trustees) The notes on pa9es 26 to 51 form part of these financial statements. Page 24

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operatlng actlvlties Net cash used in operating activities 1244,548) (254,248) Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets 11,309 (2,999) 8,802 (23,810) Net cash provlded byl(used In) Investlng actlvltles 8,310 (15,008) Cash Ilows from financlng actlvltles Net cash provlded by financing actlvltles Change In cash and cash equlvalants In the year Cash and cash equivalents at the beginning of the year 1236,238) 1269,256) 1,279,109 1,548,365 Cash and cash equivalents at the end of the year 1,042,871 1,279, 109 The notes on pages 26 to 51 fonn part of these financial statements Page 25

CORNWALL COMMUNI￿ DEVELOPMENT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information Comwall Community Development Limited is a private company limited by guarantee without share capital, registered in England and Wales. The registered office is The Chambers 1st Floor, Penryn Street, Redruth, Comwall. TR15 2SP. Accountlng pollcies 2.1 Basis of preparatlon of financlal statements The financial ststements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities." Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Acl 2006. Cornwall Community Development Limited meets the definition of a public benefit entity under FRS 1Q2. Assets and liabilities are initialty recognised at historical cost or transaction value unle88 otheNiise stated in the relevant accounting policy. The Consolldated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial stalemenls of the Charty and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Charity has taken advantage of the exemption allowed undèr section 408 of the Companies Act 2006 and has not presented own Statement of financial activities in these financial statements. 2.2 Going concern The trustees confirm that, having conSide￿d their expectations and intentions for the next iwelve months, and the availability of working capital. the chanty Is a going concern. 2.3 Income All income is recognised On￿ the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliabty. Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balan￿ sheet. Where income is received in advance of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entttlement occurs before income is received, the income is accrued. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 26

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 Accounting policles (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt to a third paty, it is probable that a transfer of economic benefits will be required in Settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including 5UPPOrt costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared ccsts which contribute to more than one activity and support costs which are not attributable to a single activty are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activitie5 is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met ￿ the year end are noted as a commitment, bLrt not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest recèivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group- this is nomially upon rlotification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tanglble flxed assets and depreciation Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits ar8 probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost, After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measuremenl of cost. Depreciation is charged so as to albcate the cost of tangible fixed assets less Iheir residual value cver their estimated useful lives. using the straight-line method. DeprecAation is provided on the following bases: 20/0 Straight line 40A straight line Belween 3 and 10 years straight line 330A straight line Freehold property Solar panels Office equipmenl Computer equipment Page 27

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (continued) 2.7 Investments Fixed asset investments are a fonn of financial instrument and are init1211y recognised at their transaction cost and sub5equentty measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less irrpairment. Investment gains and losses, whether realised or unrealised. are combined and presented as 'Gainsl(Losses) on investments. in the Consolidated statement of financial xtivities. Investments in subsidiaries are valued at cost less provisron for impairment. 2.8 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investment5 Wlth a short maturity of three months or less from the date of acquisition or opening of Ihe deposit or similar account. 2.10 Liabllhies and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a resull of a past event, it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement Can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has re￿Ned as advanced payTnents for the goods or seNices it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement cf financial activities as a finance cost. 2.11 Financial instruments The Group only has financial assets and financial liabiltties of a kind that qualify as basic financial instruments. Basic financial inslruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.12 Pensions The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year. Page 28

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies (continued) 2.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objedivès of the Group and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees fr)r particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used In accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the spectfic fund. The aim and use of each restricted fund 15 set out in the notes to the financial statements. Investment income, gains and bsses are allocated to the appropriate fund. Critical accountlng estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptlons: The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the ￿lated actual results. No estimates or assumptions were considered to be significant. Page 29

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacies Unrestricted Restrleted funds funds 2024 2024 Total funds 2024 Donations Grants - CCDLI 826 826 340,789 340,789 826 340,789 341,615 Unrestricted fvnds 2023 Restricted funds 2023 Total funds 2023 Donations Grants- CCDLI 1.44t 1,441 178,596 178,596 1,441 178,596 180.037 Income from charitable activities Unrestricted Restrlcted funds funds 2024 2024 Total funds 2024 Grant income Contracl income 98,472 2,556,067 520,200 618,672 2,556,067 2,654,539 520,200 3.174,739 Page 30

CORNWALL COMMUNITY DEVELOPMENT LIMITED IA company limited by ouarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charftable actlvities Icontinued) Unrestricted funds 2023 Restrict8d funds 2023 Total funds 2023 Grant income Contract incom8 74, 999 2, 163,643 464, 041 539,040 2, 163, 643 2.238, 642 464,041 2, 702,683 Income from other tradlng activltles Unrestricted funds 2024 Total funds 2024 Project fees Other income 259,265 131,248 259,265 131,248 390,513 390,513 Unrestricted funds 2023 Total funds 2023 Project fees Other income q56,31q 57, 799 q56,311 57, 799 214,110 214,110 Page 31

CORNWALL COMMUNITY DEVELOPMENT LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment income Unrestricted funds 2024 Total funds 2024 Investment income 11.309 11,309 Unrestricted funds 2023 Total fvnds 2023 Investment income 8,802 8, 802 Expendlture on raising funds Cost of ralslng funds Restricted funds 2024 Total funds 2024 CCDLI Cost of sales CCDLI Administration expenses CCDLI Administration staff costs CCDLI Depreciation 165.674 84,446 138,188 2,151 165,674 84.446 138,188 2,151 390,459 390,459 Page 32

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on raising funds (continued) Cost of raising funds Icontinued) Restricted funds 2023 Total funds 2023 CCDLI Cost of sales CCDLI Administration expenses CCDLI Administration Staff cosls CCDLI Depreciation 26,017 68,879 129, 709 1,151 26,017 68,879 129, 709 1, 151 225, 756 225, 756 Analysis of grants Grants to Indivlduals 2024 Total funds 2024 Grant disbursals 519,000 519,000 During the year ended 31 March 2024 the following grant disbursaLs were made to individuals: 1. Household Support Grants- £379,218 2. Cornwall Carers SeNice Grants - £139,782 Grants to Individuals 2023 Total funds 2023 Grant disbursals 424, 774 424. 774 During the year ended 31 March 2023 the following grant disbursa15 were made to individuals: 1. Household Support Grants - £295,774 2. Comwall Carers Sep4ice Grants- £129,000 Page 33

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Anatysis of expendlture by activities Activfties undertaken directly 2024 Grant funding of activitSes 2024 Support costs 2024 Total funds 2024 Charitable activities 2.580,195 519.000 354,366 3,453,561 Acliviti&s undertaken directly 2023 Grant funding ol activities 2023 Support Gosts 2023 Total funds 2023 Charitable activities 2,403,289 424, 774 452,864 3,280,927 Analysls of dlrect costs Total funds 2024 Actlvities 2024 Stsff costs Contract payments made 1,409,828 1,170.367 1,409,828 1,170,367 2.580,195 2.580,195 Total funds 2023 Activities 2023 Staff costs Contract payment made 1,416,027 987,262 1.416.027 987,262 2,403,289 2,403,289 Page 34

CORNWALL COMMUNITY DEVELOPMENT UMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Analysls of expenditure by activltles (continued) Analysls of support costs Total funds 2024 Activities 2024 Depreciation Repairs and maintenance Cleaning Premises costs Motor, travel & subsistence expenses Printing. postage and stationery Advertising and promotion Telecommunications Computer running costs Subscriptions Other Legal and professional Irrecoverable VAT Rent Profit or loss on disposal Bad D8bt Govemance costs 19,609 7,510 14,611 28,577 42,288 4,024 5,962 17,679 16,755 16,818 38,165 44,653 18,094 59,121 11,339 4,381 6,780 19,609 7,510 14,611 26,577 42,288 4,024 5,962 17,679 16,755 16,818 38,16S 44,653 18,094 59,121 1q,339 4,381 6,780 354,366 364,366 Page 35

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Anatysis of expenditure by activities (continued) Analysls of support costs (continued) Total funds 2023 Activities 2023 Depreciation Repsirs and maintenance Cleaning Premises costs Motor, travel & subsistence expenses Printing, postage and ststionery Advertising and promotion Telecommunications Computer running costs Subscriptions other Legal and professional Irrecoverable VAT Rent Governance costs 23, 198 9.654 12,831 60,640 41,892 2, 798 8,029 27,577 21,5Q7 18,437 57,524 107,887 26, 880 22, 730 11,280 23, 198 9, 654 12,831 60, 640 41,892 2, 798 8,029 27,577 21,507 18,437 57,524 107,887 26,880 22, 730 11,280 452, 864 452, 864 11. Auditors. remuneratlon 2024 2023 Fees payable to the Charitrfs auditor for the audit of the Charity's annual accounts 10,270 9, 780 Fees payable to the Charivs auditor in respect ot. All non-audit services not included above 1,575 1.500 Page 36

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Staff costs Group 2024 Gmup 2023 Charity 2024 Charity 2023 Wages and salaries Social securty costs Contribution to defined contribution pension schemes 1,410,463 105,898 1,409,473 t08. 133 1,282,678 99,017 1,290,336 101,368 31,655 28. 130 28,133 24, 323 1,548.016 1,545, 736 1,409,828 1,416,027 The average number of persons employed by the Charity during the year was as follows: Group 2024 No. Group 2023 No. Charlty 2024 No. Charity 2023 No. Average headcount 69 66 62 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. Group 2024 Group 2023 Nc. In the band £60,001- £70,000 13. Trustees, remuneration and expenses During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment wtth the Charity. The Company Secretsry only receive remuneration in respect of services they provide as Company Secretary. The value of Trustees. remuneration and other benefits was as follows.. 2024 2023 P Coyne Remuneration 1,117 2, 161 During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL). Page 37

CORNWALL COMMUNITY DEVELOPMENT UMITED (A Gompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Tanglble fixed assets Group and Charlty Freehold property Solar Panels Office equlpment Computer equipment Total Cost or valuation At 1 April 2023 Additions Disposals 482,146 34,563 88,463 3,454 2,999 608,626 2,999 (4S,548) (45,548) At 31 March 2024 482,146 34,563 42,915 6,453 566,077 Depreciation At 1 April 2023 Charge for the year On disposals 74,455 9,643 11,401 1,383 49,141 8,583 134,209) 1,151 2,151 136,148 21,760 {34,209) At 31 March 2024 84,098 12,784 23,515 3,302 123,699 Net book value At 31 March 2024 398,048 21,779 19,400 3.151 442,378 At 31 Ma￿h 2023 407.691 23, 162 39,322 2,303 472,478 Page 38

CORNWALL COMMUNrfY DEVELOPMENT UMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Fixed asset investments Unllsted Investments Group Cost or valuation At 1 April 2023 Revaluations 188,660 ,477 At 31 March 2024 198,137 Net book valu¢ At 31 March 2024 198,137 At 31 March 2023 188,660 Investments in subsldlary Unlisted companies Investments Total Charity Cost or valuatlon At 1 April 2023 Revaluations 188,660 9,477 188,662 9,477 At 31 March 2024 198,137 198,139 Net book value At 31 March 2024 198,137 198,139 At 3q March 2023 188,660 188, 662 Page 39

CORNWALL COMMUNITY DEVELOPMENT UMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Fixed asset investments (continued) Princlpal subsidiaries The following was a subsidiary undertaking of the Charity: Registered office or prlncipal Prlncipal actlvlty place of busine55 Name Company number CCDL Innovation Ltd 11234125 CRCC, First Floor. The Chambers, Penryn Street, Redruih, Cornwall. TR15 2SP Running grant funded proj&cts Class of Holdlng shares Included in consolidatlon Ordinary 100% Ye8 The financial results of the subsidiary for the year were: Name Income Expenditure Net assets CCDL Innovation Ltd 414,459 (414,459) 15,964 16. Debtors Group 2024 Group 2023 Charity 2024 Ch8rity 2023 Due withln one year Trade debtors Amounts owed by group urKlertakings other debtors Prepayments and accrued income 318,178 194,024 318,178 5,117 194,024 484 212,150 8.280 67.916 212,150 67.916 530,812 270,220 535,445 261,940 Page 40

CORKWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Current asset investments Group 2024 Group 2023 Charity 2024 Charity 2023 Unlisted investments 191.414 190.378 191,414 190,378 18. Creditors: Amounts falling due within one year Group 2024 Group 2023 Charty 2024 Charity 2023 Trade credttors Amounts owed to group undertakings other tsxation and social security Other creditors Accruals and deferred income 209,433 370,938 203,992 350,089 21,890 25,557 123,019 224, 583 35,315 94,478 386,786 25,557 176,297 333, 123 22,528 55,181 327,940 826,012 905,915 609,641 745, 138 Group Group As restated 2023 Charity Charily As restated 2023 2024 2024 Deferred income Defe￿d income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 256,038 329,986 151,038 145,574 255.046 256, 038 200,046 151,038 (151,038) (329,986) (151,038) (145,574) 360,046 256, 038 200,046 151,038 Page 41

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Transfers inlout Gainsl (Losses Income Expenditure Unrestrlcted funds Designated funds Penwith Centre funds CRCC redundancy funds Development fund Coastal and Rura Development Cornw811 Carers Service Community Gateway Clean Comwall Digital Outreach Inclusion Matters Learn Your Way Edgcumbe Avenue 25,000 25,000 160,000 160,000 100,000 (100,000) 57,285 (56,028) 1,257 1,134,958 11,012,209) 122,749 45,646 66,682 100.664 634,218 842,960 145,646) 163,577) (100,664) 1587.839 1863,782 3,105 46,379 (20,822) 31,391 (31,391) 285,000 2,913.804 (2,761,136) (100.000) 337,668 Page 42

CORNWALL COMMUNITY DEVELOPMENT LIMITED IA company limited by guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Statement of funds (continued) Balance at 31 March 2024 Balance at 1 Aprll 2023 Transfers Inlout Gainsl (Losses) Income Expenditure General funds General funds Revaluation reserve 256,849 143,383 1235,978) 100,000 264,254 38,289 9,478 47,767 295,138 143,383 {235,978) 100,000 9,478 312,021 Total Unrestrlcted funds 580,138 3,057,187 {2,997,114) 9,478 649,689 Restricted funds Penwith Centre building Sunshine on Penwith Centr6 Contsin Outbreak Management fund Household Support grants Cornwall Carers servi￿ grants Great Western Railway CCDLI resenies 406,162 (8,114) 398,048 21,971 (191 21,780 10,489 {10,489 380,000 1380,000) 139,000 (56,153) 82,847 1,500 284.292 1,21XI 340,789 (1,500) (390,459 1,200 234.622 724,414 860,989 (846,906) 738,497 Totsl of funds 1,304,552 3,918,176 (3,844,020) 9,478 1,388,186 Page 43

CORNWALL COMMUNITY DEVELOPMENT UMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Statement of funds (continued) Deslgnated funds Relocation and refu￿AShMent fund Monies for costs of relocating the charity. or to be put towards the costs of a property. Penwith Centre designated fvnd Consists of £25,000 repair fjjnds. CRCC redundancy fund Designated by the Trustees for the specrfic purpose of covering the redundancy payments of all staff if future funding becomes unavailable. Development fund Funds ringfenced for enabling pilols and testing opportunities for future services to be undertaken. Coastal and Rural development Funded by ACRE. Empowering local infrastructure in Comwall, providing local spaces for businesses, groups and individuals, Support Voluntary and Communty Sector. Cornwall Carers SeNice Funded by Comwall Council. The services include, emotional support, information, advice and guidance, statutory assessment, access tc grants, community support, carer specific training and dedicated services for Young Adult Carers (16-25 year old Carers) and Young Carers. The service is free of charge. Community Gateway Funded by Cornwall Council. The service is a single polnt of access for the Integrated Care Board providing information, advice and guidan￿. and practical support for members of the communily. Clean Comwall Funded by businesses in Comwall and grants. Clean Cornwall is an environmental project that has been working with communities for more than 15 year5 to tackle environmentsl issues in Cornw811. We focus primarily on litter and waste, facilitating groups and individuals to organise litter picks in hundreds of unique locations across Cornwall. Digital Outreach Funded by Adult Social Care and Cornwall Council. Supporting adults to build their confidence with digital skills. Inclusion Matters Funded by Cornwall Council. Information and advice to increase y￿114)e1ng and connection to your community. Learn Ycur Way Delivering an Adult Education funded programme for young people aged 16- 24 who have an Education, Health & Care Plan. Edgcumbe Avenue Funded by Cornwall Council. Supporting young homeless adults aged 16 and 17. Page 44

CORNWALL COMMUNrrY DEVELOPMENT LIMITED (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Statement of funds (continued> Restrlcted funds Penwith Centre Building Represents the net book value of the Penwith Centre. Sunshine of P&nwith Cenfre Represents the net book vaSue of the solar panels on the Penwith Centre. Contain Outbreak Management lund Funds used to pay for staff to support carer identification in hospitals. Household Support grants These grants suppcrt Carers and those who are lonely and isolated, with the need for social care and support andlor experiencing financial hardship due to the of the cost of living crisis. Comwall Carers Service grants These Grants are part of the Carers service contract and provide financial support to Carers, Peer support Group5 and Memory Cafés. Garfield Weston Grant funding to fund Clean Cornwall. Great Westem Railway This funding is for the young people enrolled in our LYW course as they have a pla￿rnent with GWR. CCDLI re88rves This represent tha profit and loss account and deferred income balance of CCDU. Page 45

CORNWALL COMMUNITY DEVELOPMENT UMJTED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Statement of funds (contFnued) Statement of funds - prior year Balan￿ at l Apnl 2022 Balance at 31 March 2023 Gain (Losses) Income Expenditur8 Unrestricted funds Designated funds Relocation and refurbishment fund Penwith Centre funds CRCC redundancy funds Development fund 6&209 25,000 160,000 100.000 (65,209) 25.000 160, 000 100,000 350,209 (65,209) 285,000 General funds General funds Revaluation reseNe 546.009 47,510 2,462,995 (2, 752, 155) 256,849 38,289 (9,221) 593,519 2,462, 995 (2, 752. 155) (9,221) 295, 138 Totsl Unrestrlcted funds 943, 728 2,462,995 (2, 817.364) (9,221) 580, 138 Page 46

CORNWALL COMMUNITY DEVELOPMENT UMITED (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Statement of funds (contlnued Balance at l Apnl 2022 8a18nce at 31 March 2023 Gain (Losses) Income Expenditure Restricted funds Penwith Centre building Sunshine on Penwith Centre Contain Outbreak Management fund Engage Britain Household Support grants Cornwall Carers SeNice grants G8rfield Weston Great Western Railway CCDLI resenies 416,219 23,425 (10,057) (1.454) 406, 162 21,971 23,600 10,000 295, 774 t29, 000 4, 167 1,500 178,596 (13,111) (10.OOOJ (295, 774) (129,000) (4, 167) 10,489 1,500 284,292 331.452 (225, 756) 771,096 642, 637 (689.319) 724,414 Total of funds 1, 714,824 3. 105, 632 (3, 506, 683) (9, 221) 1,304,552 Page 47

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Summary of funds Summary of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Transfers inlout Gainsl (Losses) Income Expendlture Designated funds General funds Restricted fund5 285,000 295,138 724,414 2,913,804 (2,761,136) 1100,000) 143,383 1235,978) 100,000 860.989 (846,906) 337,668 312,021 738,497 9,478 1.304,552 3,918,176 (3,844.020) 9,478 1,388,186 Summary of funds - prlor year Balan￿ at 31 March 2023 8818nce at 1 Apnl 2022 Gain (Losses) Income Expenditure Designated funds General funds Restricted funds 350,209 593.519 771.096 (65,209) 2.462, 995 (2, 752, 155) 642, 637 (689, 3q9) 285,000 295, q38 724,414 (9,221) 1, 714,824 3. 105.632 (3,506,683) (9,221) 1.304,552 21. Analysis of net assets between funds Analysis of net assets between funds - current poriod Unrestrlcted Restri¢ted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 22,550 198,137 1.255,014 (826.012) 419,828 442,378 198,137 1,573,683 (826,012) 318,669 738,497 1,388,186 Total 649,689 Page 48

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Analysls of net assets between funds (continued) Analysis of net assets between funds - prlor perlod Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 44,345 188,660 1,253,048 (905, 915) 428, 133 472,478 188, 660 1,549,329 (905, 915) 296,281 Total 580, 138 724,414 1, 304, 552 22. Reconcillation of net movement In funds to net cash flow from operatlng activlties Group 2024 Group 2023 Net incomelexpenditure for the period (as per Ststem6nt of Financial Activities) 74,156 (4Ql,051) Adjustments for: Depreciation charges Dividends, interests and rents from investments Decreasel(increase) in debtors Increasel(decrease) in credttors (Profit)Iloss on disposal of fixed assets 21,760 (11,309) (260,5921 (79,902) 11,339 24,347 (8,802) 33,061 98, 197 Net cash used In operating actlvitles (244,548) (254,248) Page 49

CORNWALL COMMUNITY DEVELOPMENT LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 23. Analysis of cash and cash equivalents Group 2024 Group 2023 Cssh in hand Liquid investments 851,467 191,414 1,088, 731 190,378 Total cash and cash equivalents 1,042,871 1.279. 109 Analysis of changes Sn net debt At l Aprll 2023 Cash flows At 31 March 2024 Cash at bank and in hand Liquid investments 1,088.731 190,378 (237,274) 1,036 851,457 191,414 1,279,109 (236,238) 1,042,871 25. Pension commitments The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group, in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £32,855 (2023.. £28,130). Contributions tolalling £6,151 {2023.. £4,423) were payable lo the fund at the reporting date and are included in creditors, 26. Operatlng lease commltments At 31 March 2024 the Group and the Charity had commitments to make future minimum lease payments under non-canGellable operating 5eases as follows: Group 2024 Group 2023 Charity 2024 charity 2023 Not later than 1 year Later than 1 year and not later than 5 years 35.240 13,343 32, 984 46,023 25,926 10,992 24,010 34,358 48,583 79.007 36,918 58.368 Page 50

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 27. Members. liability Each member of the charitable company undertakes to contribute to the assets of the company in the event of il being wound up while helshe is a member, or within one year after helshe ceases to be a member, such amount as may be required. not exceeding £10 for the debts and liabilities contracted before helsh8 ceases to be a member. Related paty transactlons T Sneddon (Interim CEO) is a Partner of Sneddon Clark. a firm which provided management services in the year tolalling £Nil (2023: £28,920). At the balance sheet date no amounts were owed (2023: £Nil). A Shepherd rrrustee) is a director of Coast FM, a company which purchased services from the Charity in year totalling £3,673 (2023.. £4,344). An amount of £1,827 (2023: £741) is included in debtors at 31 March 2Q24. 29. Controlling party The uttimate controlling party of the Charty are the members. Page 51