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 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