OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Company registration number: 4315251 Charity registration number: 1089634

Trelya

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2022

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Trelya

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10 to 11
Balance Sheet 12 to 13
Statement of Cash Flows 14
Notes to the Financial Statements 15 to 26

Trelya

Reference and Administrative Details

Trustees Roderick James Antony Penhaul Philippa McKnight Nigel Walker Caroline White Emma Favata Carol Bosworth Jill Try Carolyn Whelan Katharine Heron Gilly Gallagher Cornelius Olivier Secretary Caroline White Senior Management Team Sharon Rich, Executive Director Catherine Keene, Director of Operations Alison Elvey, Finance and Administration Director Charity Registration Number 1089634 Company Registration Number 4315251 Registered Office The Lescudjack Centre Penmere Close Penzance Cornwall TR18 3PE Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

Trelya

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Roderick James Antony Penhaul Philippa McKnight Nigel Walker Caroline White Emma Favata Carol Bosworth Jill Try Carolyn Whelan Katharine Heron Gilly Gallagher Cornelius Olivier (appointed 15 March 2022) Secretary: Caroline White

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 11 November 2001 and most recently amended 15 October 2014. It has no share capital and the liability of each member in the event of winding-up is limited to one penny.

Recruitment and appointment of trustees

New trustees are recruited from the local community. All new trustees are briefed on the activities, finances and policies of the charity as well as being provided with the Charity Commission guide 'The Essential Trustee' (CC3) on their induction. Trustees give their time voluntarily and receive no benefits from the charity.

Organisational structure

Trustees are elected by the members in General Meetings and serve for three years after which period they may put themselves up for re-election. The trustees hold at least four regular meetings each year. Operational matters are dealt with by the Executive Director and the Senior Management Team.

Page 2

Trelya

Trustees' Report

Objectives and activities

Objects and aims

Trelya's objects per the governing document are to enhance, for public benefit, the development and education of children and young people up to 25 years old, and to advance education and relieve poverty among those in need in the UK, especially but not limited to, West Cornwall including the Isles of Scilly; and to provide recreational and leisure time facilities in the interests of social welfare for those inhabitants.

Trelya, named after the Cornish word for change, is an independent organisation based in Penzance. The aims of the charity are to break the generation cycle of social exclusion. We were set up in 2001 to work with children, young people and their families facing severe economic and social deprivation to develop the skills, knowledge, awareness, motivation, and aspiration to help them make genuine positive decisions and choices about their lives and futures. To enable them to prevent negative outcomes and to become productive contributing members of society.

We work with children and families experiencing social and economic deprivation actively seeking out the hardest to reach and, through innovative approaches, informally engaging them in programmes to make positive decisions about their lives.

Based is the Penzance East ward, where our work is primarily focussed, the nearby Treneere Estate is isolated, rural, coastal and considered the second most deprived area in Cornwall, and falls into England’s worst 1% for income deprivation, 3% for overall deprivation and 8% for health deprivation (IOMD 2019), with 52% of children living in poverty. It is in the top 2% of the poorest wards in the UK with deprivation on a par with the most deprived inner-city areas of London, Birmingham and Manchester.

The children, young people and families we support experience a combination of 4 or more of the following:

Trelya strives to break that cycle.

Trelya runs several projects that seek to engage children, young people and families that need or would benefit from intervention on a long-term basis. Our programmes are about voluntary engagement, and are as accessible as possible, with participants engaging in our activities alongside mainstream support. We enable them to develop their personal and social skills, positive friendship networks and address key issues to develop their knowledge, awareness, and aspirations, to make positive, healthy choices about their futures.

Our programmes fall into three main categories (with Crisis Support work running across all three), providing a holistic approach:

Page 3

Trelya

Trustees' Report

Skylar - Early Years and Family Support

Provides long term, intensive support to pregnant women and children aged 0-5 and their families. The programme offers unique, specialist, intervention through a variety of delivery methods including 15 hours a week in Trelya’s ‘Outstanding’ Ofsted registered nursery, group work, home visits, 1 to 1 support, partnership delivery and offsite activities. This intervention supports young families to overcome complex obstacles to providing a caring, nurturing child friendly environment for their children, as well as working with young parents to reduce the severity and impact of mental health issues.

As Trelya have been embedded in the community for over twenty years, marginalised parents, often refusing to engage with other providers, trust us and access our services. We aim through our programmes for children to become socially, emotionally, and physically developmentally equal with their peers by the time they start school and have a much greater chance of leading healthier, happier and more positive lives. We deliver the EYFS framework in a flexible and innovative way that responds to these children as individuals. We recognise the impact of intervening as early as possible, so the preferred entry point for children and families entering our programmes is through Skylar. Skylar has invested significantly in additional support for SEN children as the range and amount of additional need in our younger cohort has increased. The newly appointed SENCo has nearly achieved her SENCo accreditation following a year of training and a therapy room has been developed in Skylar as a space to offer Music Therapy and Speech and Language Therapy. There is a continued drive to ensure these children make appropriate progress and are able to fully access school provision.

Gallos - Youth and family work (including Realising Ambition)

Trelya’s award winning youth and family programme provides 12 years of support through school & college for each child transitioning from Skylar. Intervention is shaped to fit each child’s needs and through their Trelya journey they are likely to have engaged with the Realising Ambition project, family work and wider youth work. Each child accesses a diverse and individually tailored weekly programme of asset-based activities that combines sports, arts, community engagement and travel to develop essential life and social skills, alongside real, relevant, inclusive & accessible "issue based" education. The programme includes weekly mentoring, group sessions & we also offer intensive family work led by a team of specialist and multidiscipline Trelya workers.

Each week, the team offers a range of sessions tailored to the needs of our youth and families. Offered activities include healthy cooking, in school sessions, swimming lessons, breakfast clubs, homework, 1 to 1 support sessions, training, outdoor activities, cycling, games, mentoring sessions, issue-based work (looking at emotional and physical wellbeing), advocacy, and we also have a comprehensive creative offer including music, drama and arts. Within these varied sessions we aim to help young people increase their resilience and communication skills, develop coping strategies for dealing with home life, increase their self-worth and self-confidence and encourage them to better engage with school or with the community.

The youth and family team work across all of our projects helping to ensure that Trelya is offering holistic intervention to all of our children, youth and families. They have worked with over 80 people in this time period which includes, children, youth and family members over the year. Navigating the impact of social withdrawal and isolation on our children, young people and families has been a challenge and our work has adapted sensitively to newly emerging needs and obstacles.

Page 4

Trelya

Trustees' Report

Gul

Gul is an intensive European funded programme that works with people aged 18+ to progress towards employment and/or training. Support, from the start, identifies long term goals and moves participants towards these. Gul meaningfully raises aspirations and overcomes key issues which previously prevented participants moving into job search, employment or future training. Building participants’ confidence to achieve their goals is an integral part of Gul.

Trelya provides a unique organisation wide, holistic, wrap around service. Woven into all of the above 3 programmes are:

Crisis Support and Intervention

We are committed to crisis intervention. The Trelya team works with families to avert or navigate crisis. We provide immediate response and solutions to challenges such as homelessness and food poverty. Although not a separate programme our crisis support is a key part of our work that transcends all other projects. Due to the nature of our long-term and trusted relationships within the community we are often the first, or only agency, that people turn to in a crisis. We offer practical and emotional support, advocacy, and supported referrals to other specialised agencies where appropriate. Crises may include homelessness, domestic violence, safeguarding, evictions, food and fuel poverty, health care needs, assault, substance misuse and child protection, and we also address everyday needs and concerns (e.g., Children’s development needs, family conflict, and behaviour management).

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

We have welcomed new children into Skylar over the last year and children have also transitioned from Skylar to School at the start of the new school year, in September. These children have a range of complex needs and are a mixture of referrals from Together for Families Social Work and Health Visiting teams, along with children known to us as siblings of existing children. Sessions such as Music Therapy are also offered during a child's time in Skylar, which has a positive impact on the children’s emotional well-being, self-confidence and self-esteem. Skylar has, in part, been funded by the VCSE Health and Wellbeing Fund Starting Well from the Department of Health & Social Care.

The Skylar leavers joined our Skylar ‘graduates’ who are already either in reception, Year 1 or Year 2 at school. Our Children, Young People and Family Worker has worked closely with local schools to offer the children in-school support sessions. The family work is very varied and currently includes: drop in sessions, housing support, in school sessions with children, family park / play sessions, walking children to school (with and without parents), crisis support, helping adults to access other agencies and initiatives (such as Who Dares Works, the Household Support Fund), enabling children to access extra-curricular activities (boxing, judo, gymnastics etc), providing access to therapists and counsellors, support with ‘life administration’ such as benefits forms, debt management and school paperwork, positive parenting, and linking in with health to ensure family health needs are being met.

The Minack Theatre have been running weekly sessions at Trelya throughout the year and we have also worked with the Tate of St Ives during school holidays.

Page 5

Trelya

Trustees' Report

Our crisis response and safeguarding work continues to weave through everything else, sadly the demand has been higher due to Covid and the escalating cost of living crisis. We have been doing the shopping for house bound Covid positive families, supporting families with hospital visits, helping to navigate families through particularly difficult safeguarding situations and we also continue to supply (or link into supplies of) food, clothing and essential household equipment. The multi-agency work has continued and goes from strength to strength - as we continue to play our part in the multi-disciplinary effort to keep children and families as safe and healthy as possible.

The GUL Skills Development Project has built on its initial success throughout the year. This project focuses on adults far from the labour market and helps them move towards employment, education or training. The project supports people to remove the barriers they face in their lives and move forward positively, Gul covers work towards a Maths or English qualification, careers advice, physical activities and mental wellbeing workshops, money management, first aid, cooking and many other activities that help adults build confidence to become fit for work. A significant number of adults on the project have progressed into education, training, employment or job search on leaving the project. For those leaving Gul, funding has been secured to host a popular Friday morning session to keep the support going and reduce feelings of isolation and loneliness.

Throughout the year Trelya have worked with 219 children, young people and families.

The GUL Building Project started in July 2021, to transform Trelya's Reception, Social Room and Daisy Room in The Lescudjack Centre. The development will provide a new refreshed reception area, Gul Youth and Arts Space and Gul Community Café, Kitchen and Training Hub. The Youth and Arts Space is illuminated by a wonderful light installation created by Lighting Artist Peter Freeman. Phase 1 was completed in early 2022, and Phase 2 will hopefully be completed by Autumn 2022. We are looking forward to the opening of these new spaces and the additional services it will enable Trelya to provide.

Room bookings have steadily increased as lockdown rules eased with bookings near to pre-pandemic levels.

We have extended our partnership working throughout the year and have hosted visits including: Colonel Edward Thomas Bolitho, OBE, Lord Lieutenant of Cornwall and the Isles of Scilly; Blondel Cluff, Chair of The National Lottery Community Fund; Lady Mary St Levan; Councillor Barbara Ellenbroek, Cornwall Council Portfolio Holder for Children and Families; Meredith Teasdale, Cornwall Council Strategic Director for Together for Families; Kate Evan-Hughes, Service Director for Education and Community Health; Barbara Vann, Chair Duchy Health Charity; John Clements, Independent Chair Our Safeguarding Children Partnership for Cornwall and Isles of Scilly; amongst others.

Page 6

Trelya

Trustees' Report

Plans for future periods

Aims and key objectives for future periods

Skylar Expansion

We have a growing waiting list for places at Skylar and plan to expand the number of children and families who are able to access the service over the coming year, now that we have won the tender from Cornwall Council to lease land adjacent to our centre, which will give us space to grow.

GUL Skills Development Project

The Gul Skills Development Project continues to be a great success, making a difference to those who have completed the 6 month intensive project, so we are hoping to extend the project with it's current funding, until the 31st March 2023. After this, as the European funding comes to an end, we will be seeking further funding to continue the project.

Gul Development Building Project

Work started on the GUL Building project in July 2021 and will be completed by the Autumn 2022, when the reception will be refreshed, the community café will be opened and the youth café and arts space operating at it's full potential. We are looking forward to the opening of these spaces, which will greatly improve Trelya's services to the local community, leading to further engagement children, young people and families and further income potential for Trelya.

Financial review

Policy on reserves

The Trustees consider it necessary to maintain sufficient reserves to maintain the building and sustain the charity over six months. Our current position is that we have unrestricted net current assets of £230,796 (2021:£212,249) which equates to approximately 4.2 (2021:4) months' average total expenditure.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Trelya for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. 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 charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

Page 7

Trelya

Trustees' Report

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

07/12/2022 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Roderick James Trustee

Page 8

Trelya

Independent Examiner's Report to the trustees of Trelya

Independent examiner’s report to the trustees of Trelya ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

John O'Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

08/12/2022 Date:.............................

Page 9

Trelya

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
14		 Unrestricted
£
8,132
-
45,547
9
53,688
(45,106)
(45,106)
8,582
141,600
150,182
543,929
694,111		 Restricted
£
-
754,309
-
-
754,309
(727,957)
(727,957)
26,352
(141,600)
(115,248)
256,228
140,980		 Total
2022
£
8,132
754,309
45,547
9
807,997
(773,063)
(773,063)
34,934
-
34,934
800,157
835,091		 Total
2021
£
98,099
605,694
29,665
34
733,492
(624,150)
(624,150)
109,342
-
109,342
690,815
800,157

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 14.

The notes on pages 15 to 26 form an integral part of these financial statements. Page 10

Trelya

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
14		 Unrestricted
funds
£
98,099
13,462
29,665
34
141,260
(37,069)
(37,069)
104,191
19,756
123,947
419,982
543,929		 Restricted
funds
£
-
592,232
-
-
592,232
(587,081)
(587,081)
5,151
(19,756)
(14,605)
270,833
256,228		 Total
2021
£
98,099
605,694
29,665
34
733,492
(624,150)
(624,150)
109,342
-
109,342
690,815
800,157

The notes on pages 15 to 26 form an integral part of these financial statements. Page 11

Trelya

(Registration number: 4315251) Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
11
Creditors: Amounts falling due within one year
12
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
14
Unrestricted income funds
Unrestricted funds
Total funds
14		 2022
£
463,315
32,648
367,676
400,324
(28,548)
371,776
835,091
140,980
694,111
835,091		 2021
£
331,680
32,316
456,269
488,585
(20,108)
468,477
800,157
256,228
543,929
800,157

For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 15 to 26 form an integral part of these financial statements. Page 12

Trelya

(Registration number: 4315251) Balance Sheet as at 31 March 2022

07/12/2022

The financial statements on pages 10 to 26 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... Antony Penhaul Trustee

The notes on pages 15 to 26 form an integral part of these financial statements. Page 13

Trelya

Statement of Cash Flows for the Year Ended 31 March 2022

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Investment income
Working capital adjustments
(Increase)/decrease in debtors
10
Increase in creditors
12
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
Purchase of tangible fixed assets
9
Net cash flows from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
Reconciliation of net cash flow to movement in net funds
(Decrease)/increase in cash
Net funds at 1 April 2021
Net funds at 31 March 2022		 2022
£
34,934
19,521
(9)
54,446
(332)
8,440
62,554
9
(151,156)
(151,147)
(88,593)
456,269
367,676
(88,593)
456,269
367,676		 2021
£
109,342
18,686
(34)
127,994
2,266
3,431
133,691
34
(25,270)
(25,236)
108,455
347,814
456,269
108,455
347,814
456,269

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 15 to 26 form an integral part of these financial statements. Page 14

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Trelya 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 notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 15

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £200.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land and buildings 50 years Straight Line
Furniture and equipment 20% Straight Line
Motor vehicles 33% Straight Line
Computer Equipment 33% Straight Line

Page 16

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

Page 17

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Grants from other charities
3
Income from charitable activities
Grants & donations
Commissioned services
Sundry income
4
Grants & donations
Arts Council
BBC Children in Need
BBC CIN Small grants
BBC CIN Youth Investment Fund
Bennelong Foundation
CCF Charles Reynolds
CCF COMF Adult
CCF Crisis Fund
CCF Emily Bolitho Fund
CCF Headstart
CCF Multi-Annual Grant
CCF Public Health Community Fund
CCF Surviving Winter
CCF Worval Foundation		 Unrestricted
funds
General
£
8,132
-
-
8,132
Restricted
funds
£
734,896
19,413
-
754,309
Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2022
£
8,132
-
-
8,132
Total
2022
£
734,896
19,413
-
754,309
Restricted
funds
£
14,489
26,203
9,827
47,495
15,000
2,549
3,500
1,500
2,607
4,141
20,000
15,000
5,000
5,000		 Total
2021
£
636
76,063
21,400
98,099
Total
2021
£
592,232
8,211
5,251
605,694
Total
£
14,489
26,203
9,827
47,495
15,000
2,549
3,500
1,500
2,607
4,141
20,000
15,000
5,000
5,000

Page 18

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

CCF Young Minds
Community Led Local Development
Comic Relief
Churches Together Cornerstone Trust
CRCC Health & Wellbeing
Cornwall Council
Duchy Health
Elizabeth & Prince Zaiger Charitable Trust
Footwork Trust
Julia and Hans Rausing Trust
Henry Smith
Penzance Town Council
Paul Hamlyn Foundation
RDPE
Sport England
Sylvia Adams
Tesco Community Grant
The Charles Haywood Foundation
Trusthouse Charitable Foundation
The Swire Charitable Trust
VCSE Health & Wellbeing Fund
Worshipful Company of Pewterers
Sundry gifts & donations		 Unrestricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,132
8,132		 Restricted
funds
£
4,464
118,540
21,911
2,000
960
1,400
16,667
3,000
30,000
60,750
40,000
2,314
30,000
29,960
9,860
30,000
1,000
4,000
16,500
20,000
93,277
10,000
15,982
734,896		 Total
£
4,464
118,540
21,911
2,000
960
1,400
16,667
3,000
30,000
60,750
40,000
2,314
30,000
29,960
9,860
30,000
1,000
4,000
16,500
20,000
93,277
10,000
24,114
743,028

5 Income from other trading activities

Trading income;
Other trading income
Property rental income		 Unrestricted
funds
General
£
863
44,684
45,547		 Total
funds
£
863
44,684
45,547		 Total
2021
£
856
28,809
29,665

Page 19

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

6 Expenditure on charitable activities

Project costs
Bank charges
Communications
Depreciation
IT & website
Licenses & subscriptions
Office supplies
Administration
Bad debts
Premises costs & insurance
Professional fees
Salaries, NI and pension
DBS checks
Recruitment
Staff travel
Training
Consultancy
Other staff costs
Transport costs
Irrecoverable VAT		 Unrestricted
General funds
£
Restricted funds
£
-
133,398
-
227
-
9,335
19,521
-
-
6,824
-
5,864
-
4,760
-
1,007
-
288
-
46,338
-
7,247
25,000
458,821
-
463
-
1,066
-
412
-
2,441
-
29,838
-
1,247
-
1,265
585
17,116
45,106
727,957		 Total
2022
£
133,398
227
9,335
19,521
6,824
5,864
4,760
1,007
288
46,338
7,247
483,821
463
1,066
412
2,441
29,838
1,247
1,265
17,701
773,063		 Total
2021
£
46,810
202
4,906
18,686
5,707
4,440
3,703
1,022
293
87,315
54,116
382,325
87
499
532
9,702
-
418
3,387
-
624,150

7 Net incoming/outgoing resources

Net incoming resources for the year include:

Depreciation of fixed assets

2022
£
19,521		 2021
£
18,686

Page 20

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

8 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2022
£
437,643
37,284
8,894
483,821		 2021
£
350,397
25,048
6,880
382,325

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2022
No
21		 2021
No
19

16 (2021 - 15) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £8,894 (2021 - £6,880).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £125,080 (2021 - £80,374).

9 Tangible fixed assets

9
Tangible fixed assets
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022		 Land and
buildings
£
365,000
151,156
516,156
51,100
10,323
61,423		 Furniture and
equipment
£
81,271
-
81,271
80,620
333
80,953		 Computer
equipment
£
26,595
-
26,595
9,466
8,865
18,331		 Total
£
472,866
151,156
624,022
141,186
19,521
160,707

Page 21

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

Net book value
At 31 March 2022
At 31 March 2021
10 Debtors
Trade debtors
Prepayments
Other debtors
11 Cash and cash equivalents
Cash on hand
Cash at bank
12 Creditors: amounts falling due within o
Trade creditors
Other taxation and social security
Other creditors
Accruals		 Land and
buildings
£
454,733
313,900
ne year		 Furniture and
equipment
£
318
651		 Furniture and
equipment
£
318
651		 Computer
equipment
£
8,264		 Total
£
463,315
331,680
2021
£
1,641
968
29,707
651 17,129
2022
£
2,085
872
29,691
32,648
2022
£
107
367,569
367,676
2022
£
-
6,773
2,076
19,699
28,548
32,316
2021
£
-
456,269
456,269
2021
£
4,947
7,489
5,972
1,700
20,108

13 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £0.01p towards the assets of the charity in the event of liquidation.

Page 22

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

14 Funds

Unrestricted funds
General
General fund
Designated
Property development fund
Building fund
Total unrestricted funds
Restricted funds
Cafe renovation fund
Early years & family fund
Youth work fund
Programmes
Administration fund
Lescudjack Centre
Gul Skills Development
Total restricted funds
Total funds		 Balance at 1
April 2021
£
180,029
50,000
313,900
363,900
543,929
119,326
80,504
10,953
1,193
-
-
44,252
256,228
800,157		 Incoming
resources
£
53,688
-
-
-
53,688
45,371
236,707
182,870
-
119,602
51,219
118,540
754,309
807,997		 Resources
expended
£
(34,783)
-
(10,323)
(10,323)
(45,106)
(725)
(267,350)
(142,223)
-
(119,602)
(51,219)
(146,838)
(727,957)
(773,063)		 Transfers
£
(9,556)
-
151,156
151,156
141,600
(151,156)
9,351
205
-
-
-
-
(141,600)
-		 Balance at
31 March
2022
£
189,378
50,000
454,733
504,733
694,111
12,816
59,212
51,805
1,193
-
-
15,954
140,980
835,091

Page 23

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

Unrestricted funds
General
General fund
Designated
Property development fund
Building fund
Total unrestricted funds
Restricted
Cafe renovation fund
Early years & family fund
Friends of the children
Youth work fund
Programmes
Chitter Chatter
Covid 19 fund
Administration fund
Lescudjack Centre
Gul Skills Development
Total restricted funds
Total funds		 Balance at 1
April 2020
£
48,782
50,000
321,200
371,200
419,982
89,423
142,634
10,187
27,589
-
-
1,000
-
-
-
270,833
690,815		 Incoming
resources
£
141,260
-
-
-
141,260
36,029
130,530
32,390
37,917
3,050
764
132,270
58,056
33,453
127,773
592,232
733,492		 Resources
expended
£
(29,769)
-
(7,300)
(7,300)
(37,069)
(6,126)
(192,660)
(42,577)
(53,845)
(1,857)
(764)
(129,318)
(58,056)
(33,453)
(68,425)
(587,081)
(624,150)		 Transfers
£
19,756
-
-
-
19,756
-
-
-
(708)
-
-
(3,952)
-
-
(15,096)
(19,756)
-		 Balance at
31 March
2021
£
180,029
50,000
313,900
363,900
543,929
119,326
80,504
-
10,953
1,193
-
-
-
-
44,252
256,228
800,157

Page 24

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

The specific purposes for which the funds are to be applied are as follows:

The Administration fund comprises grants received for general administrative costs of the charity.In prior periods some of this funding was treated as unrestricted funding.

The Cafe renovation fund is a specific grant to do this work..

The Early years and family fund includes grants received specifically for this work programme. The Youth work fund includes grants received specifically for this work programme. The Lescudjack Centre fund shows grants received specifically for the cenrte and related expenditure. Gul Skills Development - an intensive support programme to increase employability in particpants. The Listening project covers funding received for this project now included within Youth work. The Covid 19 fund is a specific fund to assist with additional services in response to the pandemic. Programmes - specific targeted support programmes.

Fit for us includes funds received specifically for this programme, now included within Youth work, The Friends of the children programme receives a number of restricted grants for this work.

The VSCE Health and Wellbeing Fund income (restricted) is £93,277 and the total expenditure is £93,277 for FYE22

Designated funds:

The Property development fund is to set aside funds for future building works. The Building fund represents the net book value of the premises.

On completion of building works, the net book value of property is held within the designated property fund. Other transfers from the General fund are to cover any deficits on activity funded through restricted income.

15 Analysis of net assets between funds

Unrestricted

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 General
£
Designated
£
8,582
454,733
181,650
50,000
(854)
-
189,378
504,733
Unrestricted
General
£
Designated
£
17,780
313,900
182,357
50,000
(20,108)
-
180,029
363,900		 Restricted
£
-
168,674
(27,694)
140,980
Restricted
£
-
256,228
-
256,228		 2022
Total funds
£
463,315
400,324
(28,548)
835,091
2021
Total funds
£
331,680
488,585
(20,108)
800,157

Page 25

Trelya

Notes to the Financial Statements for the Year Ended 31 March 2022

16 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

Plus are analysed as follows:
Independent examination
Other financial services		 2022
£
1,750
3,703
5,453		 2021
£
1,700
3,120
4,820

17 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

18 Related party transactions

There were no related party transactions in the year.

Page 26