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← Cornwall Community Development Limited

2025-03-31-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 2025

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1 - 2
Trustees' report 3 - 15
Independent auditors' report on the financial statements 16 - 19
Consolidated statement of financial activities 20
Consolidated balance sheet 21 - 22
Charity balance sheet 23 - 24
Consolidated statement of cash flows 25
Notes to the financial statements 26 - 51

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees B Biscoe
R Bush, Chair
D Callaghan
P Coyne (resigned 29 June 2024)
H Frank
R Pears (resigned 22 October 2024)
S Tregidgo (resigned 1 February 2025)
N Hewitt
P Mills (resigned 29 October 2024)
M Grice (appointed 24 April 2025)
L Hart (appointed 24 April 2025)
A-M Ostapenko-Denton (appointed 24 April 2025)
K Willis (appointed 29 June 2025)
Company registered
number
04144745
Charity registered
number
1087550
Registered office
The Penwith Centre
Parade Street
Penzance
England
TR18 4BU
Company secretary
Key Managment
Personnel
K Nissen, Chief Executive Officer
J Price
R Wood
C Arymar
A Brown
N Sweeney
R Poole
Chief executive officer
K Nissen
Independent auditors
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
EX2 5AZ

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 2025

Bankers

Lloyds Bank plc 7 Boscawen Street Truro Cornwall TR1 2QT

Page 2

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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 2025.

The trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the company’s 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 the UK and Republic of Ireland (FRS 102)(effective 1 January 2019).

Since the Charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

Chair's statement

In preparing for this report I read what I wrote last year, and I am pleased to say that, what was reported in embryo then, is now developing across several fronts. Firstly, we have completed the task of recruiting new trustees and now have a governing body fit for the task: as we ended last year we were reduced to four in number, personal issues and professional commitments leading to many trustees feeling compelled to stand down from the Board. It was in no way due to anything the executive of the Charity was doing! But following an excellent recruitment drive in the spring, overseen by Jayne Price, the new operational manager for the Charity, we have managed to welcome five new trustees to the Board, and already it feels like a more resilient body, which is not to downplay the commitment and dedication of our existing trustees.

As mentioned in the last paragraph, Jayne Price has become head of operations which had freed up the chief executive, Katherine, to devote extra time to a more strategic overview of CRCC as well as acting as the Charity’s main ambassador with regard to developing future initiatives. Already this is bearing fruit with securing a partnership role with the National Trust in developing the Heartlands site in Pool, and in both exploring and securing work outside Cornwall, thus exporting our core skill set to other parts of the country, which in turn is testament to the professional expertise CRCC is drawing on and nurturing.

Of course, finances remain an overall challenge, and we have had to meet the NI employers’ contributions that the Chancellor of the Exchequer announced in her autumn statement last year. But, and it is important to say this, the mood continues to be positive and forward-looking. Institutions and organisations facing financial challenges can either turn inwards and try and weather the storm, or they can be judiciously expansionist, see where realistic opportunities are and then invest in them to broaden both their horizons and, dare I say, their income! Katherine is determined to lead CRCC along these lines, and she continues to be an inspiration, both in setting the vision and in committing herself to it. She now has a better structured team at her disposal (with Jayne as an extremely able second lieutenant) and it feels like there is a better balance at senior levels in the charity.

To achieve this has meant some re-structuring, and that, inevitably, is always painful. We have lost very able and long-term employees in recent months, and we are hugely grateful for their contribution and are sorry to see them go. But this has meant that we have been able to outsource our IT and more of our HR needs which, again, has freed up key staff to be more fully focused on the job in hand rather than spreading themselves, on occasion, too thinly.

Page 3

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

All this may seem a little centrist, concentrating what happens at the senior level of the organisation. However, our key work will always be at the coal face and we have a brilliant staff delivering our core objectives across a wide spectrum of activities. We continue to have regular staff days in which all of us can get together, share our experiences and learn from each other. We have a loyal and committed staff, well supported by senior management, who take the work of CRCC to where it matters most, to the people often at the margins of society or who often get overlooked in the great political debates that dominate our news feeds. To all our staff we owe a huge debt of gratitude.

As I said last year, we are also continually grateful to our Patron, Colonel Sir Edward Bolitho OBE for all he does for us.

Next year sees the eightieth anniversary of CRCC. I am sure we will celebrate this milestone both appropriately and enthusiastically.

Mr R Bush

Chair, Trustee Date: 31 July 2025

Objectives and activities

a. Policies and objectives

The objectives of the charity as in the Articles, approved by the Trustees on 20 October 2022 are:

  1. To promote any charitable purposes for the benefit of communities particularly but not exclusively those situated in the geographical county 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 sickness, the promotion of urban or rural regeneration in areas of social and economic deprivation, the conservation, protection and improvement of the physical and natural environment (including through the mitigation of the impact of climate change) or in pursuing any other charitable purposes; and

  2. To promote and organise co-operation in the achievement of the said purposes and to that end to being together representatives of the relevant authorities and organisations engaged in the furtherance of the said purposes particularly but not exclusively those within the geographical county of Cornwall the Isles of Scilly.

Aims of the Charity

The charity’s aim is to develop inclusive strategies that will empower individuals, groups and communities, wherever they are supported, but especially across Cornwall and Isles of Scilly in order to sustain and enhance the quality of life of their communities by:

Page 4

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

In working with individuals and groups, CRCC will respect the following values:

The trustees have referred to the guidance contained in the Charity Commission's information on public benefit when reviewing the charity's aims and objectives in planning future activities. 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.

ABOUT CRCC

CRCC is 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 network of 38 Rural Community Charities across England, all sharing the aim of enhancing rural communities. Additionally, CCDLi supports fishing communities throughout the UK.

There are 70 members of staff, 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 vision

CRCC's vision is to promote and support communities, especially Cornwall and the Isles of Scilly to ensure they can thrive and be self-confident.

OUR VALUES

CRCC’s values reflect our purpose 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 community to achieve positive outcomes.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

OUR ACHIEVEMENTS AND PUBLIC BENEFIT

CCDL (trading as Cornwall Rural Community Charity) supports and strengthens communities. Our work falls into three main categories: Rural & Coastal, Education & Training and Carers & Wellbeing.

During 2024/2025 we achieved the following:

Cornwall Carers Service

Over the past five years, the Cornwall Carers Service, commissioned by Cornwall Council, has supported more than 14,000 unpaid carers at all levels. Each quarter, we help around 300 carers to avoid reaching crisis point, ensuring they receive timely and tailored support. Our work includes emotional support, information, advice, and guidance, alongside statutory assessments, grants, and carer-specific training.

We have strengthened our focus on young carer identification, ensuring more children and young adults receive the recognition and support they need. Dedicated services for Young Carers and Young Adult Carers continue to provide opportunities for respite and personal development.

The service also advances digital inclusion through the Digital Care & Wellbeing Project, enabling carers to access online resources and tools. In partnership with local organisations, we continue to offer short breaks and community-based support, helping carers balance their responsibilities with their own wellbeing.

Inclusion Matters

Inclusion Matters has secured a new contract extension, reinforcing its commitment to tackling loneliness and isolation across Cornwall. The service now places greater emphasis on:

Through a strengths-based approach, Inclusion Matters continues to empower people to feel connected, active, and resilient within their communities.

Community Gateway

The Cornwall Community Gateway remains a vital point of contact for vulnerable individuals across Cornwall and the Isles of Scilly. Operating 365 days a year, the Gateway team works with people to improve their situation and achieve better personal outcomes.

The service continues to progress, providing information, advice, and personalised support plans, and linking individuals to essential services such as mental health support, warm spaces, and community activities. By fostering independence and reducing isolation, the Gateway plays a key role in improving quality of life and preventing crisis.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Education and Training - Learn/Work Your Way

This year, we proudly supported 40 students aged 16–24 across our provision, including 19 learners on our Learn Your Way Programme, studying a combination of Independent Living and Progression, 20 students on the Work Your Way Pathway, and 1 bespoke learner, all with an Education, Health and Care Plan. We are pleased to report that 39 learners successfully completed the programme, with one student transitioning out after the first term due to non-attendance.

All students engaged in meaningful work experience or community engagement opportunities. Among those leaving us this year, 6 students secured voluntary positions and 3 achieved paid employment—a testament to their hard work and the strength of our employer partnerships.

Throughout the year, thorough transition planning was completed for every student. These included individuals moving into Adult Social Care, progressing to further educational opportunities, or transitioning internally from the LYW Programme to the WYW Pathway.

Our connections within the local community continue to flourish, supported by the development of new and impactful work experience placements. Our newly appointed Community Engagement Tutor has designed a purposeful and engaging scheme of work that has enabled our LYW Programme students to thrive. A particular highlight was our new partnership with Hall for Cornwall, which resulted in several students performing on stage to a paying audience as part of a collaborative project—an unforgettable achievement for all involved.

We are also delighted to recognise the dedication and hard work of our teaching team through the introduction of an enhanced SEN salary element.

Looking ahead, enrolment for the next academic year is projected to increase from 40 to 44 learners. With these additional students, we anticipate an uplift in project funding. Furthermore, we have established a number of promising new links with potential employers, placements, and community projects, positioning the 2025–26 cohort for even greater success.

Fishing Communities

Our Fishing Animateur project supports UK wide fishing communities to develop business plans, secure loans, and gain access 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 protecting 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 £6 million.

Digital Together

Digital Together delivered between April 2023 to March 2025 and was led by CRCC, funded the UK Shared Prosperity Fund.

Our Digital Inclusion Team delivered workshops to 696 individuals, supported the recruitment and training of Digital Champions to 132 organisation, dispensed grants to 39 community organisations which has resulted in unique projects co-designed by members of the community.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Rural and Coastal

In 2025 we focused on enhancing community resilience, supporting affordable rural housing, improving rural transport, addressing social inclusion, and connecting isolated communities across Cornwall. CRCC Community Roadshows with events in Lostwithiel, Stithians, Jacobstow, and St Just in Penwith, were planned for autumn 2025 providing opportunities to meet with service providers and often under-represented residents to better understand rural challenges and local strengths.

We continue to work hard to address some of the issues highlighted by the priorities below:

Rural Housing and Community-Led Solutions

In 2025, CRCC played a central role in the Rural Housing Enabling (RHE) Programme in Cornwall for a second year, supporting delivery of rural affordable housing across Cornwall. This year we have:

Worked in partnership with Cornwall Council, community groups, and landowners to identify and unlock stalled housing developments, focusing particularly on rural and coastal parishes facing high deprivation and housing demand.

Hosted workshops and formed a new Community Rural Affordable Housing Forum, bringing together stakeholders to share good practice and local successes regarding housing delivery.

Supported Parish Councils and community organisations to identify suitable sites, advising on scheme development, and delivering training around affordable housing, with proactive efforts in community engagement and capacity-building.

Rural Transport Initiatives

CRCC contributed to research and practical solutions for rural transport challenges in areas such as West Penwith, where public transport access remains a significant concern. Following on from our 2024 , which revealed broad dissatisfaction with public transport frequency, reliability, and accessibility, especially outside peak tourist season, we have:

Life opportunities and Services

We supported village halls and community groups with advice about governance, funding, sustainability, and health and safety, volunteering, management committee responsibilities, trustee advice and much more.

Partnered on projects targeting reductions in rural fuel poverty, support for vulnerable residents (such as those with early-stage dementia), energy upgrades for community buildings, and accessible digital infrastructure. Engaged in multi-agency health transport research (including the costs and effects of missed medical appointments due to transport barriers).

Produced a quarterly newsletter, circulated to over 400 community groups, parish councils and individuals with useful information, policy updates, funding opportunities, and information about local projects.

Page 8

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Social Value

To show the impact of the work that we have done in financial terms, we have calculated our Social Value impact. We are very proud to shout about the fact that our social return on investment was £6.06, meaning that for every pound spent there is a social return of £6.06. The true value of our service, considering the social value is £303,254.68.

Clean Cornwall

From April 2024 to March 2025, Clean Cornwall continued to support community groups, individuals, and businesses across Cornwall to make a difference. We have worked with 5537 volunteers. These volunteers collected nearly 1642 bags of litter from locations across Cornwall, benefitting residents, visitors, and wildlife. The impact is not only seen in environmental benefit but also in increased mental and physical wellbeing, this can be translated into a social value return of £6.37 for every pound invested.

We continue to work with our fantastic Change Maker businesses and currently have 10 members working closely with us to reduce their impact on the environment, support our work and the efforts of our volunteers. We held a fantastic event in the autumn in partnership with The St Ives Orchard which was an opportunity for our business supporters to meet some of our volunteers. We have been in talks with Cornwall council and other partners to try to ensure better collaboration and to collate better data across all the different organisations and groups helping with the issue of litter and waste and we aim to hold a summit in February to bring stakeholders and volunteers together.

The ‘Blue Litter Project’ was a great success and has received further funding as a result. We will continue with this great initiative, working with the marine leisure industry to tackle the problem of remote marine and coastal litter around the coast of Cornwall.

We were successful in a funding bid to buy accessible equipment, and this resulted in volunteers across Cornwall being able to access the outdoors and share in litter picking events where they had previously not been able to. This was an amazing project and one we would like to expand.

Our social media campaigns continue to reach an increasingly growing audience, and we had a voice on various media outlets over the year spreading the message about litter and waste and in particular tackling the issue at source.

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 reduce their impact.

VOLUNTEER POLICY

The charity is grateful for the unstinting efforts of its volunteers who are involved in many aspects of our work.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

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 the financial statements.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

As at 31 March 2025, the consolidated balance sheet on page 22 shows the total funds of CCDL stood at £1,685,049.

Unrestricted funds of £959,441 including designated reserves of £573,405 represent the reserves available to the organisation to fulfil its existing commitments over the long term.

Unrestricted funds

The consolidated statement of financial activities on page 21 shows total unrestricted incoming resources for the year ended 31 March 2025 of £335,941 and total resources expended were £376,367.

After adjustments for losses in investment assets of £3,106 and interfund transfers, net incoming resources for the year were £309,752.

Restricted funds

As shown in the statement of financial activities, total incoming resources were £4,587,644 and total resources expended were £4,247,249. After adjustments for interfund transfers, the net incoming resources for the year was a deficit of £12,889.

RESERVES POLICY

Sufficient reserves are required to provide:

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level that equates to approximately three months' of operational fund expenditure. Based on the financial statements to 31 March 2025, this target level would be £605,000. At present the free reserves amount to £539,166, which includes designated reserves of £185,000 and given anticipated reductions in future funding this is acceptable to the trustees. Sufficient reserves should be retained under each of the restricted funds to meet the charity's obligations under that fund.

INVESTMENT POWERS

Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

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 investments are made in the form of government 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 consider investment performance for the year to be reasonable considering prevailing global market conditions but are looking for better investment opportunities in the future.

a. Going concern

After making appropriate enquiries, the 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 the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Risk management

The trustees regularly 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 administrative staff of the charity. The trustees are involved in a continuous process of carrying out risk assessments at all CCDL premises and establishing systems to mitigate these risks. The trustees recognise that they need to understand:

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 Cornwall and further afield. A key focus continues to be to support and strengthen Cornish Communities to improve their quality of life.

c. Information on fundraising practices

Fundraising is carried out in the context of generating funds for specific projects on a project by project basis, whether from grants or from contracts, with the intention that each project is able to fund its activities from its own particular funding source.

General fundraising from the public or other bodies is not undertaken, the services of a professional fundraiser or a commercial participator are not used. No complaints have been received regarding fundraising activities.

Page 11

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION

The Charity 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 terms 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 to utilising their specific skills, knowledge or expertise to assist in the making of sound decisions.

They must have the following attributes:

While historically Cornwall Council has nominated Councillors to serve as Trustees it has been decided and determined in the new Articles that all Trustees will be independent.

From time to time the charity will carry out a Trustee skills audit and agree collectively 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, its 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:

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 trustee enables the organisation to assess any further training required.

CRCC complies with the Charity Governance Code.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

ORGANISATIONAL STRUCTURE AND DECISION MAKING

CRCC is an independent charitable company employing 70 staff (as at 31 July 2024. The policy and general affairs of the charitable 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 meeting of the Board of Trustees to enable trustees to better review and evaluate CRCC's performance and targets and thereby providing trustees with a greater understanding of CRCC's activities.

Further a series of joint Trustee/Management /staff 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 advance of submission although authority for final approval is sometimes delegated to a senior trustee for reasons of timing and application deadlines. In every case, contracts are signed, usually 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 oversight of non-standard pay rises over £2,000.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

EQUALITY AND DIVERSITY

CRCC is an equal opportunities employer. It 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 within the organisation. CRCC will ensure that any future changes of office location will be easily accessible to all.

This policy 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.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Disclosure to auditor

So far as the members of the Board are aware, there is no relevant audit information of which the charity's 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 charity's auditors are aware of that information.

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:

Auditors

The auditors, Griffin, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

16/12/2025

R Bush Chair of Trustees

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CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CORNWALL COMMUNITY DEVELOPMENT LIMITED

Opinion

We have audited the financial statements of Cornwall Community Development Limited (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Consolidated statement of cash flows 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' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted 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 section of our report. We are independent of the Group in accordance with the 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 collectively, may cast significant doubt on the Group's or the parent charitable company's ability 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.

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CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CORNWALL COMMUNITY DEVELOPMENT LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements 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 extent otherwise 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 otherwise appears to be materially misstated. If we 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 report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative 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' responsibilities 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 assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, 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.

Irregularities, 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 party transactions, as well as ongoing consideration of fraud and irregularities during the whole audit process.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial 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 error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, 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 company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone 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 limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CORNWALL COMMUNITY DEVELOPMENT LIMITED (CONTINUED)

Griffin

Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ

Date: 17/12/25

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 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Raising funds
8
Charitable activities
Total expenditure
Net (expenditure)/income
Transfers between funds
19
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
(Losses)/gains on revaluation of fixed
assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
237
-
321,236
14,468
335,941
-
376,367
376,367
(40,426)
353,284
312,858
(3,106)
309,752
649,689
309,752
959,441		 Restricted
funds
2025
£
320,818
4,097,182
169,644
-
4,587,644
504,605
3,742,644
4,247,249
340,395
(353,284)
(12,889)
-
(12,889)
738,497
(12,889)
725,608		 Total
funds
2025
£
321,055
4,097,182
490,880
14,468
4,923,585
504,605
4,119,011
4,623,616
299,969
-
299,969
(3,106)
296,863
1,388,186
296,863
1,685,049		 Total
funds
2024
£
341,615
3,174,739
390,513
11,309
3,918,176
390,459
3,453,561
3,844,020
74,156
-
74,156
9,478
83,634
1,304,552
83,634
1,388,186

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 2025

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Investments
17
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
18
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
19
Unrestricted funds
Designated funds
19
General funds
19
Total unrestricted funds
19
Total funds		 685,564
194,707
1,017,748
1,898,019
(848,674)
573,405
386,036		 2025
£
440,672
195,032
635,704
1,049,345
1,685,049
1,685,049
1,685,049
725,608
959,441
1,685,049		 530,812
191,414
851,457
1,573,683
(826,012)
337,668
312,021		 2024
£
442,378
198,137
640,515
747,671
1,388,186
1,388,186
1,388,186
738,497
649,689
1,388,186

Page 21

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 04144745

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The Charity was entitled to exemption from audit 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 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 approved and authorised for issue by the Trustees on _______ and signed on their behalf by: 16/12/2025

R Bush

(Chair of Trustees)

The notes on pages 26 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 2025

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Investments
17
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
18
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
19
Restricted funds
19
Unrestricted funds
Designated funds
19
General funds
19
Total unrestricted funds
19
Total funds		 656,627
194,707
949,510
1,800,844
(785,072)
691,038
573,405
386,036		 2025
£
439,673
195,034
634,707
1,015,772
1,650,479
1,650,479
1,650,479
691,038
959,441
1,650,479		 535,445
191,414
609,905
1,336,764
(609,641)
714,800
337,668
312,021		 2024
£
439,227
198,139
637,366
727,123
1,364,489
1,364,489
1,364,489
714,800
649,689
1,364,489

Page 23

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 04144745

CHARITY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The Charity's net movement in funds for the year was £ 285,990 (2024 - £157,306) .

The Charity was entitled to exemption from audit 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 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 approved and authorised for issue by the Trustees on _______ and signed on their behalf by: 16/12/2025

R Bush

(Chair of Trustees)

The notes on pages 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 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 26 to 51 form part of these financial statements		 2025
£
180,366
14,468
(25,250)
(10,782)
-
169,584
1,042,871
1,212,455		 2024
£
(244,548)
11,309
(2,999)
8,310
-
(236,238)
1,279,109
1,042,871

Page 25

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

Cornwall Community Development Limited is a private company limited by guarantee without share capital, registered in England and Wales. The registered office is The Penwith Centre, Parade Street, Penzance, England, TR18 4BU.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 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 Act 2006.

Cornwall Community Development Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity 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 under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements.

2.2 Going concern

The trustees confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the charity is a going concern.

2.3 Income

All income is recognised once 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 reliably.

Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement 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 THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity 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 activities 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 at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are 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 measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property - 2% Straight line
Solar panels - 4% straight line
Motor vehicles - 33% straight line with residual balance
Office equipment - Between 3 and 10 years straight line
Computer equipment - 33% straight line

Page 27

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently 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 impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision 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-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result 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 received as advanced payments for the goods or services 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 of financial activities as a finance cost.

2.11 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments 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 limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (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 objectives 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 for 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 specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Critical accounting 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 assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. No estimates or assumptions were considered to be significant.

Page 29

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from donations and legacies

5.

Unrestricted
funds
2025
£
Donations
237
Grants - CCDLi
-
237
Unrestricted
funds
2024
£
Donations
826
Grants - CCDLi
-
826
Income from charitable activities
Grant income
Contract income		 Restricted
funds
2025
£
-
320,818
320,818
Restricted
funds
2024
£
-
340,789
340,789
Restricted
funds
2025
£
1,345,241
2,751,941
4,097,182		 Total
funds
2025
£
237
320,818
321,055
Total
funds
2024
£
826
340,789
341,615
Total
funds
2025
£
1,345,241
2,751,941
4,097,182

Page 30

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Income from charitable activities (continued)

Grant income
Contract income		 Unrestricted
funds
2024
£
98,472
-
98,472		 Restricted
funds
2024
£
520,200
2,556,067
3,076,267		 Total
funds
2024
£
618,672
2,556,067
3,174,739

6. Income from other trading activities

Unrestricted
funds
2025
£
Project fees
-
Other income
321,236
321,236
Project fees
Other income		 Restricted
funds
2025
£
169,644
-
169,644
Unrestricted
funds
2024
£
259,265
131,248
390,513		 Total
funds
2025
£
169,644
321,236
490,880
Total
funds
2024
£
259,265
131,248
390,513

Page 31

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Investment income

Unrestricted
funds
2025
£
Investment income
14,468
Unrestricted
funds
2024
£
Investment income
11,309		 Total
funds
2025
£
14,468
Total
funds
2024
£
11,309

Page 32

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Expenditure on raising funds

Cost of raising funds

CCDLi Cost of sales
CCDLi Administration expenses
CCDLi Administration staff costs
CCDLi Depreciation		 Restricted
funds
2025
£
263,895
103,847
134,711
2,152
504,605		 Total
funds
2025
£
263,895
103,847
134,711
2,152
504,605

Cost of raising funds (continued)

CCDLi Cost of sales
CCDLi Administration expenses
CCDLi Administration staff costs
CCDLi Depreciation		 Restricted
funds
2024
£
165,674
84,446
138,188
2,151
390,459		 Total
funds
2024
£
165,674
84,446
138,188
2,151
390,459

Page 33

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Analysis of grants

Grants to Total
Individuals funds
2025 2025
£ £
Grant disbursals 486,352 486,352

During the year ended 31 March 2025 the following grant disbursals were made to individuals: 1. Cornwall Carers Service Grants - £486,352

Grants to Total
Individuals funds
2024 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

  1. Cornwall Carers Service Grants - £139,782

10. Analysis of expenditure by activities

Charitable activities
Charitable activities		 Activities
undertaken
directly
2025
£
3,229,600
Activities
undertaken
directly
2024
£
2,580,195		 Grant
funding of
activities
2025
£
486,352
Grant
funding of
activities
2024
£
519,000		 Support
costs
2025
£
403,059
Support
costs
2024
£
354,366		 Total
funds
2025
£
4,119,011
Total
funds
2024
£
3,453,561

Page 34

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Contract payments made
Staff costs
Contract payment made		 Activities
2025
£
1,607,431
1,622,169
3,229,600
Activities
2024
£
1,409,828
1,170,367
2,580,195		 Total
funds
2025
£
1,607,431
1,622,169
3,229,600
Total
funds
2024
£
1,409,828
1,170,367
2,580,195

Page 35

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Analysis of expenditure by activities (continued)

Analysis of support costs

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
Governance costs		 Activities
2025
£
24,804
27,020
8,648
37,120
46,641
6,095
11,960
10,272
21,590
18,006
51,717
61,017
7,493
60,406
10,270
403,059		 Total
funds
2025
£
24,804
27,020
8,648
37,120
46,641
6,095
11,960
10,272
21,590
18,006
51,717
61,017
7,493
60,406
10,270
403,059

Page 36

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

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 debt
Governance costs
11.
Auditors' remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above		 Activities
2024
£
19,609
7,510
14,611
26,577
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
354,366
2025
£
10,359
1,575		 Total
funds
2024
£
19,609
7,510
14,611
26,577
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
354,366
2024
£
10,270
1,575

Page 37

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2025
£
1,587,220
114,992
39,930
1,742,142		 Group
2024
£
1,410,463
105,898
31,655
1,548,016		 Charity
2025
£
1,463,552
106,744
37,135
1,607,431		 Charity
2024
£
1,282,678
99,017
28,133
1,409,828

The average number of persons employed by the Charity during the year was as follows:

Group Group Charity Charity
2025 2024 2025 2024
No. No. No. No.
Average headcount 75 69 70 64

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

In the band £60,001 - £70,000

Group Group
2025 2024
No. No.
1 1

The key management personnel of the Charity comprise the Trustees and the senior management team as listed on page 1. The total employee benefits paid to the key management personnel in the year to 31 March 2025 is £286,156 (2024: £215,326).

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £1,117) .

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .

Page 38

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Tangible fixed assets

Group and Charity

Cost or valuation
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
property
£
482,146
-
482,146
84,098
9,643
93,741
388,405
398,048		 Solar
Panels
£
34,563
-
34,563
12,784
1,383
14,167
20,396
21,779		 Motor
vehicles
£
-
25,250
25,250
-
5,195
5,195
20,055
-		 Office
equipment
£
42,915
-
42,915
23,515
8,583
32,098
10,817
19,400		 Computer
equipment
£
6,453
-
6,453
3,302
2,152
5,454
999
3,151		 Total
£
566,077
25,250
591,327
123,699
26,956
150,655
440,672
442,378

Page 39

(A company limited by guarantee)

CORNWALL COMMUNITY DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Fixed asset investments

Group
Cost or valuation
At 1 April 2024
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Charity
Cost or valuation
At 1 April 2024
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Investments
in
subsidiary
companies
£
2
-
2
2
2		 Unlisted
investments
£
198,137
(3,105)
195,032
195,032
198,137		 Unlisted
investments
£
198,137
(3,105)
195,032
195,032
198,137
Total
£
198,139
(3,105)
195,034
195,034
198,139

Page 40

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Fixed asset investments (continued)

Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal Principal activity number place of business CCDL Innovation Ltd 11234125 Penwith Centre, Parade Street, Running grant funded Penzance, England, TR18 4BU projects

Class of Holding Included in shares consolidation Ordinary 100% Yes

The financial results of the subsidiary for the year were:

Name
Income
£
Expenditure
£
Profit/(Loss)
/ Surplus/
(Deficit) for
the year
£
CCDL Innovation Ltd
547,213
(528,605)
18,608
16.
Debtors
Group
Group
Charity
2025
2024
2025
£
£
£
Due within one year
Trade debtors
29,555
318,178
29,555
Amounts owed by group undertakings
-
-
66,767
Other debtors
3,734
484
-
Prepayments and accrued income
652,275
212,150
560,305
685,564
530,812
656,627		 Net assets
£
34,572
Charity
2024
£
318,178
5,117
-
212,150
535,445

Page 41

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Current asset investments

Group
2025
£
Unlisted investments
194,707
Creditors: Amounts falling due within one year
Group
2025
£
Trade creditors
317,966
Corporation tax
4,551
Other taxation and social security
66,036
Other creditors
100,153
Accruals and deferred income
359,968
848,674
Group
2025
£
Deferred income
Deferred income at 1 April 2024
360,046
Resources deferred during the year
5,428
Amounts released from previous periods
(360,046)
5,428		 Group
2024
£
191,414
Group
2024
£
209,433
-
35,315
194,478
386,786
826,012
Group
2024
£
256,038
255,046
(151,038)
360,046		 Charity
2025
£
194,707
Charity
2025
£
312,002
-
63,627
54,821
354,622
785,072
Charity
2025
£
200,046
5,428
(200,046)
5,428		 Charity
2024
£
191,414
Charity
2024
£
203,992
-
22,528
55,181
327,940
609,641
Charity
2024
£
151,038
200,046
(151,038)
200,046

18. Creditors: Amounts falling due within one year

At the balance sheet date the Charity was holding funds of £5,428 received in advance for carers work and the change makers project.

Page 42

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Penwith Centre
Penwith Centre
Funds
CRCC
Contingeny Fund
Coastal and
Rural
Development
Cornwall Carers
Service
Clean Cornwall
Inclusion Matters
Learn Your Way
General funds
General funds
Total
Unrestricted
funds		 Balance at 1
April 2024
£
-
25,000
160,000
1,257
122,749
3,105
46,379
(20,822)
337,668
Balance at 1
April 2024
£
312,021
649,689		 Income
£
-
-
-
-
-
-
-
20,822
20,822
Income
£
315,119
335,941		 Expenditure
£
-
-
-
(1,257)
(122,749)
(3,105)
(46,379)
-
(173,490)
Expenditure
£
(202,877)
(376,367)		 Transfers
in/out
£
388,405
-
-
-
-
-
-
-
388,405
Transfers
in/out
£
(35,121)
353,284		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
Gains/
(Losses)
£
(3,106)
(3,106)		 Balance at
31 March
2025
£
388,405
25,000
160,000
-
-
-
-
-
573,405
Balance at
31 March
2025
£
386,036
959,441

Page 43

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Statement of funds (continued)

Restricted
funds
Penwith Centre
building
Sunshine on
Penwith Centre
Cornwall Carers
Service grants
Great Western
Railway
Coastal and
Rural
Development
Cornwall Carers
Service
Community
Gateway
Clean Cornwall
Digital Outreach
Inclusion Matters
Learn Your Way
CCDLi reserves
Total of funds		 398,048
21,780
82,847
1,200
-
-
-
-
-
-
-
234,622
738,497
1,388,186		 -
-
633,623
1,240
150,713
1,237,773
50,454
41,650
649,053
536,580
965,740
320,818
4,587,644
4,923,585		 (9,643)
(1,383)
(571,847)
(1,240)
(157,221)
(865,556)
(36,190)
(40,969)
(628,065)
(434,206)
(980,059)
(520,870)
(4,247,249)
(4,623,616)		 (388,405)
-
-
-
6,508
28,613
-
-
-
-
-
-
(353,284)
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
(3,106)		 -
20,397
144,623
1,200
-
400,830
14,264
681
20,988
102,374
(14,319)
34,570
725,608
1,685,049

Page 44

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Statement of funds (continued)

Designated funds

Penwith Centre Building

Represents the net book value of the Penwith Centre.

Penwith Centre designated fund

Consists of £25,000 repair funds.

CRCC contingency fund

Designated by the Trustees for the specific purpose of covering the redundancy payments of all staff if future funding becomes unavailable.

Restricted funds

Sunshine of Penwith Centre

Represents the net book value of the solar panels on the Penwith Centre.

Cornwall Carers Service grants

These Grants are part of the Carers service contract and provide financial support to Carers, Peer support Groups and Memory Cafés.

Great Western Railway

This funding is for the young people enrolled in our LYW course as they have a placement with GWR.

Coastal and Rural development

Funded by ACRE. Empowering local infrastructure in Cornwall, providing local spaces for businesses, groups and individuals. Support Voluntary and Community Sector.

Cornwall Carers Service

Funded by Cornwall Council. The services include, emotional support, information, advice and guidance, statutory assessment, access to 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 point of access for the Integrated Care Board providing information, advice and guidance, and practical support for members of the community.

Clean Cornwall

Funded by businesses in Cornwall and grants. Clean Cornwall is an environmental project that has been working with communities for more than 15 years to tackle environmental issues in Cornwall. 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 well-being and connection to your community.

Learn Your Way

Delivering an Adult Education funded programme for young people aged 16-24 who have an Education, Health & Care Plan.

Page 45

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Statement of funds (continued)

CCDLi reserves

This represent the profit and loss account and deferred income balance of CCDLi.

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Penwith Centre
Funds
CRCC
Contingeny Fund
Development
fund
Coastal and
Rural
Development
Cornwall Carers
Service
Community
Gateway
Clean Cornwall
Digital Outreach
Inclusion Matters
Learn Your Way
Edgcumbe
Avenue		 Balance at
1 April 2023
£
25,000
160,000
100,000
-
-
-
-
-
-
-
-
285,000		 Income
£
-
-
-
57,285
1,134,958
45,646
66,682
100,664
634,218
842,960
31,391
2,913,804		 Expenditure
£
-
-
-
(56,028)
(1,012,209)
(45,646)
(63,577)
(100,664)
(587,839)
(863,782)
(31,391)
(2,761,136)		 Transfers
in/out
£
-
-
(100,000)
-
-
-
-
-
-
-
-
(100,000)		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
25,000
160,000
-
1,257
122,749
-
3,105
-
46,379
(20,822)
-
337,668

Page 46

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Statement of funds (continued)

General funds

==> picture [463 x 530] intentionally omitted <==

----- Start of picture text -----
General funds 256,849 143,383 (235,978) 100,000 - 264,254
Revaluation
reserve 38,289 - - - 9,478 47,767
295,138 143,383 (235,978) 100,000 9,478 312,021
Total
Unrestricted
funds 580,138 3,057,187 (2,997,114) - 9,478 649,689
Balance at
Balance at Transfers Gains/ 31 March
1 April 2023 Income Expenditure in/out (Losses) 2024
£ £ £ £ £ £
Restricted
funds
Penwith Centre
- - -
building 406,162 (8,114) 398,048
Sunshine on
Penwith Centre 21,971 - (191) - - 21,780
Contain
Outbreak
Management
fund 10,489 - (10,489) - - -
Household
- - - -
Support grants 380,000 (380,000)
Cornwall Carers
- - -
Service grants 139,000 (56,153) 82,847
Great Western
- -
Railway 1,500 1,200 (1,500) 1,200
CCDLi reserves 284,292 340,789 (390,459) - - 234,622
- -
724,414 860,989 (846,906) 738,497
-
Total of funds 1,304,552 3,918,176 (3,844,020) 9,478 1,388,186
----- End of picture text -----

Page 47

(A company limited by guarantee)

CORNWALL COMMUNITY DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Restricted funds		 Balance at 1
April 2024
£
337,668
312,021
738,497
1,388,186		 Income
£
20,822
315,119
4,587,644
4,923,585
Income
£
2,913,804
143,383
860,989
3,918,176		 Expenditure
£
(173,490)
(202,877)
(4,247,249)
(4,623,616)
Expenditure
£
(2,761,136)
(235,978)
(846,906)
(3,844,020)		 Transfers
in/out
£
388,405
(35,121)
(353,284)
-
Transfers
in/out
£
(100,000)
100,000
-
-		 Gains/
(Losses)
£
-
(3,106)
-
(3,106)
Gains/
(Losses)
£
-
9,478
-
9,478		 Balance at
31 March
2025
£
573,405
386,036
725,608
1,685,049
Balance at
31 March
2023
£
337,668
312,021
738,497
1,388,186
Summary of funds - prior year
Designated
funds
General funds
Restricted funds		 Balance at
1 April 2023
£
285,000
295,138
724,414
1,304,552

21. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
420,275
Fixed asset investments
195,032
Current assets
1,192,808
Creditors due within one year
(848,674)
Total
959,441		 Restricted
funds
2025
£
20,397
-
705,211
-
725,608		 Total
funds
2025
£
440,672
195,032
1,898,019
(848,674)
1,685,049

Page 48

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
22,550
198,137
1,255,014
(826,012)
649,689		 Restricted
funds
2024
£
419,828
-
318,669
-
738,497		 Total
funds
2024
£
442,378
198,137
1,573,683
(826,012)
1,388,186

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
(Profit)/loss on disposal of fixed assets
Net cash provided by/(used in) operating activities		 Group
2025
£
299,969
26,956
(14,468)
(154,753)
22,662
-
180,366		 Group
2024
£
74,156
21,760
(11,309)
(260,592)
(79,902)
11,339
(244,548)

Page 49

CORNWALL COMMUNITY DEVELOPMENT LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

23. Analysis of cash and cash equivalents

Cash in hand
Liquid investments
Total cash and cash equivalents		 Group
2025
£
1,017,748
194,707
1,212,455		 Group
2024
£
851,457
191,414
1,042,871

24. Analysis of changes in net debt

Cash at bank and in hand
Liquid investments		 At 1 April
2024
£
851,457
191,414
1,042,871		 Cash flows
£
166,291
3,293
169,584		 At 31 March
2025
£
1,017,748
194,707
1,212,455

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 £39,930 (2024: £31,655). Contributions totalling £7,045 (2024: £6,151) were payable to the fund at the reporting date and are included in creditors.

26. Operating lease commitments

At 31 March 2025 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2025
£
44,946
53,471
98,417		 Group
2024
£
35,240
13,343
48,583		 Charity
2025
£
42,595
53,471
96,066		 Charity
2024
£
25,926
10,992
36,918

Page 50

CORNWALL COMMUNITY DEVELOPMENT LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

27. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

28. Related party transactions

H Frank (Trustee) is a director of China Fleet Country Club. During the year the Charity purchased goods worth £1,560. There was £Nil owed at the Balance Sheet date.

29. Controlling party

The ultimate controlling party of the Charity are the members.

Page 51