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 2023 Community Accounting Plus Units l & 2 North West 41 Talbot Street NGI 5GL
Trelya Contents Reference and Administrative Details Trustees, Report 2to8 Independent Examiner's Report Statement of Finat]cial Activities Ioto 11 Balance Sheet 12 Statement of Cash Flows 13 Notes to the Financial Statements 14to24
Trelya Refer¢n¢¢ and Administrative Details Trustees Roderick James Antony Penhaul Philippa McKnight Nigel Walker Emma Favata Carol Bosworth Jill Try Carolyn Whelan Katharine Heron Gilly Gallauher Comelius Olivier Sarah Davey Sharon Rich, Executive Director Catherine Keene, Director of Operations Alison Elvey, Finance and Adininistration Director Senior Management Tea Charitv Registration Number 1089034 Cornpany Registration Number 4315251 Registered Office The Legcudjack Centre Penmere Close Penzance Cornwall TR18 3PE Independent Examiner John O'Brien, employee of Commiinity Accounting Plus Units l & 2 North West 41 Tglbot Street Nottillbarn NG15GL Page I
Trelya Trust¢es' Report The trustees. who are directors for the PUTP05es of company law, present the ai)nual report tObFether with the financial Statements of the charitable cotnpany for the year ended 31 March 202i. Trustees and officers The trnstees and officers serving during the year and sin¢e the year end were as follows.. Trustees.. Roderick James Antony Penhaul Philippa McKnight Nigel Walker Caroline While (resigned 6 December 2022) Emma Favata Carol Bosworth Jill Try Carolyn Whelan Katharine Heron Gilly Gallagher Cornelius Olivier Sarah Davey (appointed 4 April 2023) Secretary.. Caroline White (resigned 6 tkcember 2022) Strueture, governance and management Nlllure ofgoverming documenl The Lharity is a company limited by guarantee and rtgistertd charitw. It is operated under the leS ol. its memordndum and articles ot. association dated I l Noveinber 2001 and most recently amended 12 Noveniber 2019. It l)as no share capital and tl)e liability of each Inember in the event ol'winding-up is limited to one penny. Recruilmenl ppOin1eI oflruslees New trustees are recruited from the local community. All new trustees are briefed on the activities, finances and policies of the ¢hariry as .ell gs being provided with the Charity Cominission guide 'The Essential Trustee. ICC3) on their induction. Triistees give their time voluntarily and receive no benefits from the chgrity. Organisalioiiffilstruclure Trustees are elected by the members in General Meetings and serve lor three years after which period they may put themselves up ftsr rt-election. The trustees hold at least foiir regulai n)eetings each year. Operational n)atters are dealt with by the Executive DiieLtor and the Senior Management Team. Page 2
Trelya Trust¢es' Report Objeetii'es and aetivities Objects aims '[ rclya's objccts per the governing document are to enhance, for public benefit, the development and education of children and yoiing 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 Comish word for change, is an independent organisation based in Penzance. The aims ol. the charity are to break the generation cycle of social exLlusion. We i+ere set up in 2001 to work with children, young people and their lamilies lacing severe economic and social deprivation to develop the skills. know'ledge. awareness, motivation, and aspiration tl) 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 childien and lainilies experiencing social and ecoi)omic deprivation actively seeking out the hardest to reach and, through ini)ovative appioaches, inttiTmally engaging them in prts¥rammes to make positive decisions about their lives. Based is the Penzance East ward, where OL work is primarily focussed, the nearby Treneere Estate is isolated. ral, coastal and considered the second most deprived area in Cornwall, and falls into England's worst 10/0 for income deprivation, 31 for overall deprivation and 81 for health deprivation IIOMD 2019). w jth 520/0 of children living iii poverty. It 15 in the top 2Q/o of the poorest wards in the UK with deprivation on a par with tlie n105t deprived inner-city area5 of London. BITMIngha and Manchester. The children, young people and families we support ¢xperience a combination of 4 or mor¢ of the following.. Abuse.. Physical, Emotional, Sexual. . Neglect.. Physical, Emotional. Household dysfunction.. Poor mental health, Substance abuse. Domestic violence; Parental conflict and/or a Parent in prisLIn. Trelya strives to break that cycle. Trelya runs several projects that seek to engage childrcn, young people and families that need or would bcncfit from intervention on a long-temi basis. Our programmes are about voluntary engagement, and are as accessible as possible. with participants engaging in our activities alongside mainstream siipport. We enable them to develop their personal and social skills, posltive friendship networks and address key issues to develop their knowlcdge. awareness. and aspirations. to make positive, healthy choices about their futures. Our programmes fall into three main categories (with Crisis Support WL)rk running across all three). providing a holistic approach.. Page 3
Trelya Trust¢es' Report Skylar- Early Years and Fainily Support (EYFS) Trelya's 'Outstanding' Ofsted registered specialist nursery provides individualised support to pregnant women and children aged 0-4 and Iheir parents. Support takes a '360-degree holistic approach- considering and working within all areas of each Child's life- home, nursery gnd community providing Continuity and serving gs a link between the different aspects. Through Skylar. each child engages in over 15 hours a iveek of individualised support across the EYFS curriculum and additional services including family support. partnership IOrk and home visiting. This interveniilin 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 issiies. As Trelya has been embedded in the community for over ti¥enty years. marginalised parents. often refusing to engage with other providers. Irust us and access our services. We aim through our programmes for children to become socially, emotionally, and physically developinentally equal ivith their peers by the time they siart school and have a much greater chance of leading healihier. happier and more positive lives. One of Skylarfs key aim5 15 to addres5 the high leve15 of educational di5enfraiichisement and stctural ineqllalitie5 experienced by the local cotnmunity by deliverin¥ the EYFS frainework in a flexible and innovative 'ay that respond5 to these children as individiia15. For example only 3 lQ/o of 5 year olds frotn thi5 community achieve expected leve15 in EYFS priine area5 compared to 70% nationally {Department for Education 2019}. We recogi)ise the impact of intervening as early as possible. so the preferred entry wiiit lor children and lamilies eniering our programmes is through Skylar. Skylar has invested significantly in additional support for SEN Lhildren as the range and amount ol. additional need in our younger cohort has increased. This has resulted in most children being assessed as 'seh(y)I ready, when they leave Skylar to begin primary school. in line with national ligures. Gallos- Youth and fainily work Trelya's award winning youth and family programme provides 12 years of support through school & college for each child transitioning from Skylar. as well gs working with children and yoiing people aged 5 to 25. Intervention is shaped to fit each child's needs and through their Trelya journey. Each child accesses a diverse and individiially tailored weekly programme of asset-based activities that coinbines sports, arts, cominiinity engagement and travel to develop essential life and social skills, alongside real, relevant, inclusive & accessible "15siie based" education. The prograinme includes weekly mentoring, group sessions & intensive family work led by a team of specialist and multidiscipline Trelya WOTkers. Each week. the team offers a range of sessions iailored to the needs of our youth and families. Offered activities include healthy cooking. in school sessions. swimming lessons. breakfast clubs. homework, I to I support sessions. training, outdoor activities. cycling. games, mentoring sessions. issue-based work (looking at emotional and physical wellbeing), advocacv. and we also have a comprehensive creative offer including music, drama and arts. Within these varied sessions we aim to help yoiing people increase their resilience and communication skills, develop coping stratcgies for dealing with home life, increase their self-worth and s¢lf-confid¢nce and ¢ncoiirage th¢m 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 Orked with over 80 people in this time period which includes, children. youth and 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 h&s adapted innovatively and sensitively to newly emerging needs and obstacles. Gul Page 4
Trelya Trust¢es' Report Gul 15 an intensive Eiiropean funded pro[¢ that work5 Wlth people aged 18+. M'ho are furtherest from the labour tnarket, to progress towards employinent aii(Vor training. Support. from the Start, identifies long tetin goals and Inoves participants toward5 these. Gul IneaninbFfully raises aspirations and overcomes key i5SUeS .hich previously prevented participants moving into job search, einploytnent or futiire trainiiig. Building participant5 confidence to acliieve their bFoals is an integFral part of Gul. Siipport in g5roup workshops is provided lor 15 hours each week. over i days, for 6 months, plus a range of individualised support. The team provides weekly lessons with an Adiilt Education tutor, where participants work towards a qualifjcation such as digital skills,. as well as weekly healthy relatiot]ships sessions delivered by Pentreath Recovery College. Other opportunities include leaming to cook healthy nieals,. gaining a Level 3 Paediatric First Aid and Level 2 Food Safety and Hgi¢t qualifications. physical activity such as swimrning: lijiking with Cornwall Wildlife Trust to do beach cleans, rockpooling and boat trip5; making. mending sessions and iniich more. Holistic individualised siipport as iiell as support for the whole fainily is also provided. this includes l.. I emotional 5UPPOrt. counselling, attending ineetings with other profe5siona15 ai)d family activities, for example, taster tennis se55ions. This EU funded project ended on 31 st March 20?3 1th incredible results where 770/0 of participants moved in to work, training or fiirther education. Further funding has been secured to continiie this project until 3 1st March 2025. Trelya provides a unique organisation wide. holistic, wrap around service. Woven into all of the aix)ve 3 programmes are.. Crisis Support and Intervention We are cominitted to crisis intervention. The Trelya team works with families to avert or navigate crisis. We provide immediate response and soliitions to challengFe5 such as homelessness and food poverty. Althougjh not a separate proLFramine oiir crisi5 SllPPOrt is a key part of our work that trdll5cends all other projects. Diie to the nature of our long-tenn and t1115ted relationships witl)in the commiinity we are often the first, or only afwency, that people turn to in a crisis. We offer practical and emotional 5UPPOrt, advocacy. and supported referrals to othtr specialised agei)¢ies where appropriate. c.rises may include homelessness, don)estic violence, safeguarding, evictions. food and fuel poverty. health care nteds. assault. substance Inisuse and Child protection, and we also address everyday needs and ¢on¢ems (e.g., C.hildren's devtlopn)ent needs, lamil>' conflict, and behaviour n)anagement). We have welcomed several new children and families into Skylar over the last year and children have also successfully transitioned from Sk}'lar to school benefitting fToin their Skylar family worker visiting them in their new school and liaising with the school and family to address any communication or confidence issues. These children have a range of coinplex needs and are a Inixtiire of referrals from Together for Families Social Work and Health Visiting teatns, along with children known tts U5 as 5iblin¥s Of exi5tin¥ children. A new Skylar SENCO ivas apLX)inted and supported to gain her SENCO accredited award ensiiring that capacity to meet increasingly diverse needs could be increased. Sessions such as Music Therapy and Play Therapy for Children who have experienced signifi&t traiima are also offered during a child's time in Skylar, which has a positive iinpact on the childTcn s emotional .e11-beln& self-confjdence and self-cstcem. Skylar has, in part, been funded by the VCSE Hcalth and Wellbeing Fund Starting Well from the Department of Hcalth & Social Care. Page 5
Trelya Trust¢es' Report Skylarfs outdoor offer lined to emotioiial ivell-bein¥F and improved health outcoiMe5 has been continued throii regFular Forest School activitie5 511ch as M'eekly breakfasts cooked and enjoyed tog5ether outside. Trips to local area5 of interest have resumed to include outings for the whole fainily enabling them to catch up on lost opportunities during the pandemic and biiild lastinb Posltive Ineinories. Significant increases in the number of childreii requiring5 medical treatment and h05Pltalisation for respiratory illnesses led to the setting lip of bespoke health visitor clinics to support lainilies who had dealt with a series ol. stressful incidents in relation to their Children suffering from worrying and distressing symptoms. The Skylar leavers joined our Skylar 'graduates' who are already either in reception, Year 1, 2 or 3 at school. OL Children, Young People and Flli]y WoA(er has woA(ed closely with local schools to offer the children in-school support sessions. The fatnily work is very varied and currently incllldes.. drop in sessions, housing support, in school sessions iiith children. family park I play sessions, walking children to school {with and 'ithout parents), crisi5 SUPPOrt, helping adults to acce5S Other agencies and initiatives (such a5 Who Dares Woiks, the Hou5el)old Support Fund). enablin¥ children to acLeSS eXtra-LU1cll7ar dctivitie5 (boxing, judo. ¥ymnastics etcl. providin¥ acces5 to ther(IPlSts and counsellor5. 5UPPOrt with 'life administration 5uLh as beiietit5 lotn)s. debt mana¥em¢nt and school pdperwork, positive parenting, and linkin¥ in with health to ensure family health needs are being n)et. The Minack Theatre have been running weekly session5 at Trelya throughout the year and we have also worked with the Tate of St Ives during school holidays. Our crisis response and safeguarding work continues to weave through everything else, sadly the demand h&s been higher due to Covid and the escalating cost of living crisis. We have been supporting families 1th hospital visits. helping to navigate families through particularly difficult safeguarding situations and we also continue to supply (or link into supplies ofj food. clothing and essential household equipment. The multi-agency work h&s continued and goes from strength to strength gs we continue to play our part in the multi-di%ciplinary effi)rt 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 forw'ard positively. Gul covers w'ork towards a Maths or English or Digital Skills qualification. careers advice, physical activities such as swimming cycling and Zumba: mental w'ellbeing workshops,. money management advice: first aid; cooking. singing: music produrtion and many other artivities that help adlllts build confidence to become fit for work. 77Q/o of adults on the project have progressed into education. training, einployment or job search on leaving the project. For those leaving Gul. funding has been secured to host a popular Friday moming session to keep the support going and reduce feelings of isolation and loneliness. Throughout the year frelya 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 Ceiitre. The development created a new refreshed reccption area and office, the Gul Youth and Arts Space and the Gul Community Cafe, Kitchen and Training Hiib. The Youth and Arts Space is illuminated by a wonderfiil light instsllation created by Lighting Artist Peter Freeman. The Youth and Arts space hosted a "Tate fakeover" in October half temi hosted by the Tate L)f St Ives and continues to welcome young people and families into the space. The Cafe opened in January and acted as a Warmth Hub supponing the community. The "Pay it Forward" scheme enables people to donate a meal to someone in need. Already the Café has helped Trelya engage with neiv families by providing a welcoming space. Room bookings have steadily increased as lockdown rules eased with bookings near to pre•pandemic levels. Page 6
Trelya Trust¢es' Report We have extended our partnetship workinb throiighout the year and have hosted vi5lts including.. Colonel Edward Thomas Bolitho, OBE, Lord Lieutenant of CoTnwall and the 151e5 of Scilly, the Tnistees from the Diichy Health Charity, Representative5 from the Departnient of Health & Social Care. Lady Mary St Levan., Councillor Barbara Ellenbroek, CoTnwall Council Portfolio Holder for Children and Familie5', Meredith Teasdale, CoTnwall Council StrategFic Director for fogFether for Familie5; Kate Evan-HubFhes, Service Director lor EduLation and Community Health.. Barbara Vann, Chair Diichy Health Charity; John Clements. Independent c.hair Our Safeguarding Children Partnership for Coinwall and Isles of Scilly", amongst others. Public benefit The trustees confinn that they have complied with the requirements of section 17 of the Charities Act ?01 I to have due regard to the piiblic benefit guidance published by the Charity Commission for England and Wales. Financial review Policy on reserves The Triistees consider it necessary to maintain sulTicient reserves to maintain the building and sustain the charity over six months. Our ciirrent position is that we have unre%trict¢d net current as%ets of £288,420 {2022..£230,795) Ivhich equates to approximately 4.3 (2022..4.2) months, averagFe total expenditure. Statement of Responsibilities The trustees (who are also the director5 of Trelya for the PUTP05es of COpanY law) are responsible for preparit]g the trL15tees' report and the financial stateinents in accordance with applicable laiv and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company la1 requires the irustees to prepare financial statements for each financial year. Under company law the trusiees musi not approve the financial siatements unless they are saiisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. including its income and expenditiire. of the charitsble company for thai period. In preparing these financial statements, the triistees are required to.. select suitable accounting policies and apply them consistently,. observe the methods and principles in ihe Chariiies SORP: make judgements and estimates that are reasonable and prudent; state whether applicable accounting standard5, compri5in¥ FRS 102 have been followed, subject to any material departures di5c105ed atjd explained in the financial 5tatement5', and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitsble company ivill continue in business. The triistees are responsible for keeping proper ac¢ounting records that can disclose with rea%onable accuracy at any time the financial position of the charitable company and enable them ti) en%ure that the financigl statemcnts coinply with the Companies Act 2006. They are also responsible for safegFuarding the assets of the charitable coinpany and hence for taking reasonable step5 for the prevention and detection of fraud and other irregFularities. The trustees are resptsnsible lor the n)aintenance and integrity of the corporate and financial information incliided on the charitable company's website. Legislatioi) goveming the preparation and disseniination of financial statements may differ from legislation in other jurisdictions. Sn]all eornpanies provision Statement This report has been prepared in accordance with the small Climpanies regime under the Companies Act 2006. Page 7
Trelya Trust¢es' Report The annual report was approved by the trustees of the charity on 0511212023 and signed on its behalf by.. RuderiLk' Jaines TrUSe Page 8
Trelya Independent Examiner's Report to the trustees of Trelya {'the Company,) Independent examiner's report to the tru5tee5 of Trelya ('the Company,) I report to the charity trustees on my exainination of the accounts of the company for the year ended 31 March 2023. Responsibilities #nd basi5 of report As the charity'5 trllstees of the Company (and a150 Its directors for the PUTP05es of company law) you are responsible for the preparation of the account5 in accordance with the reqiiirements of the Cornpanies Act 2006 {'the 2006 Act.). Having 5at15fied myself that the account5 of the Company are not reqiiired to be audited under Part 16 of the 2006 Act and are eligible lor independent examination. I report in respect of Iny examination ol. yoiir charity's accounts as carried out under section 145 of the c.harities Act 2011 {'the ?01 l Act,). In carrying out my examination I have follow'ed the Directions given by the Charity Cominission under section 145(5Xb) of the 2011 Act. INdepeNdent examiNer'5 5tstement Since the Company's gross income exceeded £2.f O,(X)O your examiner must be a member of a body listed in section 145 of the 201 l Act. I confimi thai l am qualilied to undenake the examination because l ani a member and Fellow of the Association of Charity Independent Examiners. 'hICh is one of the listed bodies. I have completed my examination. I confim) ihat no matters have come to my attention in connection with Ihe examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the COpanY as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records,. or 3. Ihe accounts do not comply with the ac¢ounting requirements of section 396 of the 2006 Act other than any requirement Ihat the accounts give a 'true and fairf view which is noi a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordat]ce with the methods and principles of the Stateinent of Recominended Practice for accounting and reporting by Lharities lappliLable to Lharities preparing their aLcounts in aLcorddnce with the Finaiicidl Reportin¥ Standard applicable in the UK and Republic of Irelai)d (FRS 102)] I have no concems and have come across no other matters in connection with the examination to which attentilin should be drawn in this report in order to enable a proper iinderstsnding of the accounts to be reached. l.ien sC, FAIEI, FCCA, FCIE, einployee of Coinmunity Accounting Plu5 Fellow of the Association of Charity Independent Exaininers Units l & 2 North West 41 Talbot Street NottinJ(T am NGI 5GL Date.. 0611212023 Page 9
Trelya Statement of Finaneial Attivities for the Year Ended 31 Mareh 2023 (Ineluding Income and Expenditure Aecount and Statement of Total Reeognised Gains and Losses) {As restated) Total 2022 Total 2023 Unrestricted Restrieted Note Income and Endowments from: Donations and legacies Charitable activities Other trading aciiviiies Investsnent income 16.i,620 14,934 68,429 335 165,620 605,602 68,429 3)5 8,132 754,309 45,547 590,668 Total income 249,318 590,668 839.986 807.997 Expenditure on: Charitable activities {i19,594} (489.5731 (809.1671 (725,568) Total expenditure (i19,594} (489.5731 (809.1671 (725,568} Net lexpenditureyinLome Transfers between ndS (70,276) 167,181 101.09f 30,819 82,429 Net movement in fui)ds 96,905 (66,086) 30,819 82,429 Reeoneili#tion of funds Total ndS brought foTward 741,606 140,980 882,-i86 800,157 Total lldS catTied fonvard 14 838,511 74,894 913,405 882,586 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 note5 on pages 14 to 24 form an integral part of these financial statements. Page 10
Trelya Statement of Finaneial Attivities for the Year Ended 31 Mareh 2023 (Ineluding Income and Expenditure Aecount and Statement of Total Reeognised Gains and Losses) These are the figure5 for the previou5 accounting period and are included for comparative purposes Unrestricted Restrieted Total funds funds 2022 £ (As restated) Note Income and Endowments from: Donations and le¥acie5 Charitable activities Other trdding a¢tivities Investment income 8,132 8,li2 7.$4,309 754,309 45,547 Total income 53,688 754,309 807,997 Expenditure on.. Charitable activities (45,106) {680.462} (725.568} Total expenditure Net income Transfers between lunds (45,106) {680.462} (725.568} 8,582 189,095 73,847 {189.095} 82,429 Net movement in funds 197,677 {115,248) 82,429 Re¢on¢ilia¢ion of funds Total funds brought forward 543,929 256,228 800,157 Total funds carried forward 14 741,606 140,980 882,$86 The note5 on pages 14 to 24 form an integral part of these financial statements. Page 11
Trelya (Registration number: 4315251} Balanee Sheel as at 31 Mareh 2023 2023 2022 £ (As restated) Note Fixed assets Tangible assets 550,091 510,811 Current assets Debtors Cash at bank and in hand 10 80,234 304,751 32,647 367.676 384,985 400,323 Creditors: Amounts falling due within one year 12 (21,671) (28,548} Net current assets 363,314 371,775 Net assets 913,405 882.586 Funds of the charity: Restrieted income funds Restricled funds 74,894 140,980 Unrestrietcd ineome funds Uniestiicted funds 838,511 741,606 Total funds 14 913.405 882,586 For the firtanc1 }tar ending 31 March 2023 the chariti was entitled to exemption from audit under section 477 of the Companies Act 2N relating th small Comples. The members have iiol required tlie chariryto obtain all aiidit of Lis accouiils for tlie}'ear In question In accordance with section 476. and -l-h¢ dire¢ts a¢k-noMltJg¢ th¢ir r¢sponsibilili¢s for ¢omplying with lh¢ r¢quir¢m¢nts ofih¢ A¢1 wilh r¢sp¢¢i 10 a¢¢ouniirtg reCrS attd lh¢ pr¢paraiiDrt ofa¥¢ounis These finwicial stateineiits liave beeii prepared in accordance 1th the skEGial pmyisions relaiing lo companies subject lo the SMDII companies regime witliiii Patt 15 ofthe con7plIeS Act 2W6 The financial statements on pages 10 to 24 were approved by the trustees, and authorised for issue on 0511212023 . and signed on their behalf by.. Type text he Anioiiy Pejiliaul Triistee The note5 on pages 14 to 24 form an integral part of these financial statements. Page 12
Trelya Statement of Cash Flows for the Year Ended 31 March 2023 (As restated) 2022 2023 Note Cash tlows from operating activities Net cash in¢ome 30,819 82,429 Adjustments to cash nows from non-cash items Depreciation Investment income 34,343 (335} 19,521 (9} 101,941 64,827 Working capital adjustments Increase in debtors {Decrease)lincrease in creditors 10 (47,i87) 16,877} {331) 8.440 Net cash floivs from 0ratIng activities 10.363 110,050 Cash flows from investing aetivities Interest receivable and similar income Purchase of taiigible fixed assets 335 (73,62i) (198.651} Net cash f]ows from investing activities (73,288) (198.642} Net decrease in cash and cash equivalents (62,925) (88,592} Cash and cash equivalents at l April 367,676 456.268 Cash and cash equivalents at 31 March 304.751 i67,676 Reconciliation of llet cash flow to movement in llet fund5 Decrease in cash (62,925) (88,592} Net funds at l April 2022 367.676 456,268 Net funds at 31 March 2023 304,751 367,676 All of th¢ ¢ash flows are derived from ¢ontinuing op¢rations during the above two periods. The note5 on pages 14 to 24 form an integral part of these financial statements. Page 13
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 Aeeounting polieies Summary of significant accoutlting policies and kev accounting estimates The principal accounting policies applied in the preparation of these financial statements are sei out below. These policies have been consistently applied to all ihe years presented, unless otherwise stated. Statement of eomplianee The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to ¢hariiies preparing their a¢counts in accordance with the F ingncial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021) {issued in October 20191 (Charities SORP (FR8 102)), the Fillancial Reporting Stgndard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Aci 2006. Basis of preparation TTelya meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othetTrTrise ststed in the relevant accout]ting policy notes. Coing concern The financial statements have been prepared on a going concem basis. The trllstees assess whether the use of going concem 15 appropriate i.e. whether there are any material uriLertainties related to events or conditions that may cast 5ignifiLant doiibt oil the ability of the Lharity to coiitinue as a ¥oing LonLern. The trustee5 make thi5 as5es5ment in respect ol a period of one year from tl)e date of approval of the financial statements. Income and endowments Voluntary inLome inLludin¥ donations. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has eniillement w ihe income. li is probable thai the income w'ill be received and the amount can be measured wilh sufficient reliability. DonNlions and legacies Donations are recognised when the charity has been notified in writing of both the amoiint and settlement date. In the event that a donation is subject to conditions that require a level of perfomiance by the charity before the charity is entitled to the funds, the income is deferred and not recoyised until either those conditions are 1]Y met, or the fulfilment of those conditions 15 i¥holly within the control of the charity and it is probable that these conditions will be fiiifilled in the reporting period. Gruiits receivuble Grants are recognised when the charity has an entitlement to the funds and any conditions linked ro the grants have been met. Where perfom)ance condilions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheer as deferred income to be released. Inveslnienl income Dividends are recols¢d once the dividend has been declared and notification has been received of the dividend due. Page 14
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 Expenditure All expcnditiir¢ is re¢ognised once there is a legal or constrnctive obligation to that ¢xp¢nditiir¢, it is probable settlemcnt is required and the amoiint can be measured reliably. All costs are allocated to the applicable expenditure heading that aggreggte similar costs to that Categnry. Where cost% cannot be directly attributcd to particular heading% they have been allocated on a basi% con%i8tent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the porrion of the asset's use. Other support costs are allocated based on the spread of stsff costs. Chtsrlttsble aellviiles C.hariiable expenditure comprises those costs incurred by the charity in the delivery of its activities and services lor its beneliciaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxatio The charity is CL)nsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the chariry is potentially exempt from taxation in respect of income L)r capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied ex¢lusively to ¢haritable purposes. Tangible fixed assets Individual fixed assets costing £200.00 or more gre initially recorded at cost. less any subseqiient accumulated depreciation and subsequent accumulated impairment losses. Depreciation and #mortisation Depreciation is provided on tangible fixed assets $0 as to rIte off the Cost or valuation, less any estimated residual valiie, over their expected usefiil econornic life as follows.. A55et class Land and buildings Furniture and equipment Motor vehicles c.omputer Equipment Depreciation rnethod and rate 50 years %iraight Line 20 % Straight Line 33 /0 Straighi Line 33 % Straight Line Trade debtors Trade debtors are amounts due from customers lor merchandise sold or services perlomied in the ordinary Lourse of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the etTective interest method. less provigion for impainnent. A provision for the impaimient of trade debtors is established w.hen there is objective evidence that the charity will not be able to collect all amounts due according to ihe L)riginal tem)s of the receivables. Cash and cash eqllivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investmenis that are readily convertible to a known amount of cash and are subjeci to an insignificant risk of change in value. Page IS
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 Fund strueture ljnrcstrictcd income funds are g¢neral fvnds that are available for use at the trustees, discretion in furtheran¢e of the obj¢rtiv¢s of the charity- Restricted income ndS are those grants for use in a particular area or for Specific putposes. the use of M'hich 15 restricted to that area or puwse. P¢nsions and other post retirement obligatlOll5 The Lharity operates a defined contribution pengion scl)eme for employees. The assetg ol. the scheme are held separately from those ol. the charitj. Pension costs charges in the Stateinent ol. Financial Activities represent the contributions payable by the charity during the year. Page 16
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 2 Income from donations and legacies Unrestricled Tntal 2023 Total 2022 General Donations and legacies: Donations from companies. trusts and similar proceeds Donations from individuals Grants, including Capital grants., Grants from other charities 23,237 2,383 23,237 2,383 8,132 140.000 140,000 16.5.620 16.5.620 8.132 3 Income from charitable activities Unrestricted fund5 General Restricted fund5 Total 2023 Total 2022 Grants & donations Commissioned servi¢es Sundry income Cafe sales 561.430 29,237 561,430 29,237 11,iOI 3,4)4 734.896 19,413 11,500 3,434 14,934 590,668 605.602 754,309 4 Grants & donations Unrestricted fund5 Restricted funds Total Art5 Council BBC CIN Youth Investtnent Fund 3,622 500 10,000 2,893 4,671 10,000 5,000 9,000 265 7,473 9,884 3,622 500 10,000 Bernard Sunley Foiilldation CCF Business Clubs CCF Commissioners C.CF Community Fund CCF Cost of Livin¥ CCF Crisis Fund CCF Eniily Bolitho Pund cc I wiii CCF ICBd CCF Multi-Annual Grant C.CF Social Enterprise CCF Surviving Winter 4,671 i 0,000 5.000 9,000 265 7,473 9,884 20,000 26,409 5,000 20,000 26,409 5.000 Page 17
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 Unr¢5tricted fund5 Restricted fund5 Total CCF Worval Foundation Comic Relief Community Led Local Developmeni C.omwall c.ouncil Duchy Health Elizabeth & Prince Zaiger Charitable Trust Feeding Britain Gaiety Girls Great Western Railway Henry Smith Leathetsellers Madron War Memorial Nllr5es Home Ma50nic Charitable Foundation Porthyras Players Proceeds of Crime Act RDPE Seahorse c.haritable Trust WCP Suiidry donations Sylvia Adains The Clothwork¢rs' Foundation VCSE Health & Wellbeing Fund Volunteer Cornwall Youth Music 5,000 22,283 139,090 5,038 -s,000 37,283 139,090 5,035 3.3i3 3,000 5,000 15,(M)O 3,000 5,(H)O 2,000 23,237 60,000 25,000 23,237 80,000 2.f,000 978 20,000 978 20,000 2,iOO 2,-iOO 22,264 20,000 22,264 15,000 2.441 40,000 i 0,000 139,717 2,500 26,452 15,000 2,383 40,000 10,000 139.717 2,500 26.452 165,620 561,430 727,050 5 Incorne frorn other trading a¢tivit1¢5 Unrestricted funds Genernl Total funds Total 2022 Trading income; Other trading income Property r¢ntal incom¢ 609 67,820 609 67,820 863 44,684 68,429 68,429 45,547 Page 18
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 6 Expenditure on charitable activities Unrestricted Total r,) Total 2022 General fund5 Restricted fund5 2023 Project CL)Sts Bank charges c.ommunications Depreciation IT & web5lte Licenses & subscriptions Office supplies Administration Bad debts Preinises costs & insurance Professional fees 26,410 115,564 87 535 141,974 201 2,845 34,343 85,903 227 9,335 19,521 6,824 5,864 4,760 1,007 288 46,338 7,247 483,821 463 2,307 34,343 8.909 5,29.$ 1,458 978 2,182 595 661 20 5,890 2,119 998 54,149 11,375 168.886 334 12,186 1,872 i53,487 218 66,335 13,247 -f 22.373 552 Salaries, Nl and pension DB8 checks Recruitment Siaff travel Training Consultancy Otl)er Staff costs 512 512 1,066 412 2,441 29,838 1,247 1,265 17,701 195 1,132 168 1,708 363 2,840 1,228 1,969 271 16 1,499 1,985 Tran5POrt costs Irrecoverable VAT 319,594 489.573 809.167 7?5.568 7 Net ineomingloutgoing resources Net incoming rcsourc¢s for the year in¢lud¢'. 2023 2022 Depreciation of fixed assets 34,343 19,-521 Page 19
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 8 Staff eosts The aggregate payroll costs were as follows.. 2023 2022 Staff costs during the year were: Wages and salaries Social security costs Pension costs 475,994 36,359 10,020 437,643 37,284 8,894 522.i73 483,821 The monthly average number L)f persons (including senior management team) employed by the charity during the year was as follows.. 2023 No 2022 No Average number of employees 23 21 18 (2022- 161 of the above employees participated in the tkfined Contribution Pension Schemes. Contribiitions to the employee pension s¢hen)es for the year totalled £10,02012022- £8,894). No employe¢ re¢eived emoluments of more thwi £60,000 during the yew. The total employee nefitS of the key management personnel of the charity were £126,969 (2022- £125.080). 9 Tangible fixed assets Land and buildings Furniture and equipment Computer equipment Motor i'ehicles Total C05t At l April 2022 Additions 516,156 47,225 81,271 26,398 47,495 26,595 671,517 73,623 At 31 March 2023 563.i81 107,669 47,495 26,595 74.S,140 Depreciation At l April 2022 Charge for the year 61,423 11,268 80,952 5,312 18,331 8,264 160,706 34,343 9,499 At 31 March 2023 72,691 86,264 9,499 26,595 19.5,049 Net book value At 31 March 2023 490.690 21,405 37.996 f.f 0,091 At 31 March 2022 45 4,73) 319 47.495 8.264 Page 20
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 10 Debtors 2023 2022 Trade debtors Prepajments Otl)er debtors 6,539 1,391 72,304 2,085 872 29,690 80,234 32,647 Cash and cash equivalents 2023 2022 Cash on hand Cash at bank 1,773 302,978 107 367,569 304.751 i67,676 12 Creditor5: amounts falling due within one year 2023 2022 Otlier tAxation and social secuiity Other creditors Accruals 10,159 8,12.f 3,387 6,773 2,076 19,699 21,671 28,548 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 contribuie an amount not exceeding £0.01 p towards the assets of the charity in the event of liqiiidation. Page21
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 14 Funds Balance at 31 March 2023 Balance al April 2022 Incoming resources R¢50urc¢5 expended Tran5fer5 Unrestricted funds General General fund 236,873 249,318 (319,594) 131,224 297,821 DesiRn&led Property development fund Building fund 50,000 4.fi 4,73) 50,000 490.690 35,9.f 7 504,733 35,957 540,690 Total unrestricted funds 741,606 249,i18 (319,594 838,$11 Restrieted funds Cafe renovation fund Skylar Nursery VCSE Starting Well Family Services Youth work fund Programines Gul Skills Development Training Kitchen & Cafe 12,816 59,212 61,601 159,423 139.717 (4,953) (130.568) (139.717) 169,4641 (56,902) 31,165 4,688 66,150 4.384 (43.9021 9,072 31,801 142.252) 1,193 1.S,954 129,123 ?9,966 (151,708) 120,375) 6.6i I {6,7351 2,856 Total restricted funds 140,980 590.668 (489.573 167.181 74,894 Total funds 882..$86 839,986 (809,167) 913,405 Page 22
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 Balance at 31 March 2022 Balance at April 2021 Incoming resources Re50uree5 expended Tran5fer5 Unrestricted funds General General fund 180,029 53,688 134,783) 37,939 236,873 Desigiirtled Property development fund Building fund 50,000 J13,900 50,000 454.7J3 110,323) 151,1.f6 363,900 110.323 504,733 Total unrestricted funds 543.929 53,688 145,106) 189,095 741,606 Re51ricled Cafe renovation fund Skvlar Nursery Youth work fund Programmes Gul Skills Development Le5ciidjack Centre Administration fund 119,326 80,504 10,953 1,193 44.252 45,i71 236,707 182,870 (725) (267,iiO) 194,728) (151,156) 9,351 (47,2901 12,816 59,212 51,805 1,193 15,954 118.540 (146,838) 151,219) 119.602 119,602 Total restricted funds 256,228 754,309 (680,462 189.095 140,980 Total funils 800,157 807.997 (725,-f 68) 882.586 The specific purposes for which the funds are to be applied are as follows.. The Cafe renovation nd 15 a specific grant to do thi5 work. The Skylar Niir5ery fund includes bFrant5 received specifically for this work programine. VCSE Starting Well is fundin. received specifically for the Starting Well work. The Family Services fund is lor Trelya's activities delivered to families as a whole, through its '360-degree holistic family approach, as opposed to specific targeted Youth and Early Years work. The Youth work fund includes giants received specilicall), for this work programme. Gul Skills Development . an intensive support prograinme to increase employability in particpants. The Training Kitchen & Cafe includes lunding to run the café and training kitchen at Trelya. Programines . specific targeted support programmes. The Administration fund comprises grants received for general administrative costs of the charity.ln prior periods some of this funding was treaied as unrestricted funding. The Lescudjack Centre fund shom's grants received specifically for the centre and related expenditure. Designated funds.. The Property development fund is to set &side funds for future building OrkS. The Building fund represents the net book value of the premises. The transfers reflect the reallocation of income and expenses to the appropriate funds. Page 23
Trelya Notes to the Financial Statements for th¢ Year Ended 31 Mar¢h 2023 IS Analysis of net assets between funds Unrestricted 2023 Total fund5 General Designated Restricted Tangible fixed assets Curreni assets CutTent liabilities 59,401 254,627 (16,207) 490,690 50,000 550,091 384,985 (21,671} 80,358 15,464} Total net assets 297,821 540.690 74,894 913,405 Unrestricted 2022 Total funds General Designated Restrieted Tangible fixed assets Current assets Current liabilities 56,078 181,649 854 454.733 50,000 510.811 400,323 28,548 168,674 27,694 Total net assets 2J6.873 504.7JJ 140,980 882.586 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.. 2023 2022 Independent examination Other financial services 1,800 1,750 3,703 6,759 5,453 17 Trllstee5 remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No tnjstees have received any reimbursed expenses or any other benefit5 from the charity during the year. 18 Related party transactions There were no related party transactions in the year. Page 24