Cotnpany registralion nutubtr: 4315251 Charity regi5rauon number: 1089634 Trelya (A u)mpany limited by giiarath) for th¢ Y¢2r End¢d 31 Mgrcb 2025 James P¢arc¢ FCA TC Croup, Statuknry Auditors. Vivian Elous¢ Nevrt￿n lioad Tnirn Cornwall TRL 2DP Tr¢tya Contents Refernce and Athnini5trdtive Delails T￿tst￿$, R¢p)rt 210 11 AudiwT5 12to 15 St4tGmgnt of financAat AdivxiiG5 16to 17 Balan¢¢ Sh¢¢t 18 Statement of Cash Flows 19 Noles to the Financial Statements 20to35 Trety RefercDC¢ and Administrnlive DetaiLs Trusttts Sara Davcy* Cornelius Olivier, SeLretsry Gilly Gallagher BaTbara Vann Graham Smith Sensor Mana2¢ment Team Sharon RIC￿ Exccutivc DiTrctor Alison Elvey* Finance and Administration Director Charity R¢giJtratiots Numb¢r 10896J4 Company Rtgistration Numbtr 4315251 Registered Offiee Th¢ L¢s¢udjack Centre Clu5¥ Cornwall TR18 3PE Jame5 Pearce FCA, Senior STatutory AudiK TC Group. StatU￿ry AuditOTS. Vivian House Nrwlwui Rvad CJ)rnw¥ll TIII 2DP Page I TretyA Trustees, Report Thc tnT5tGGs, wkn arc dircdors for th¢ Pulp￿ of wmpgny law. present the gt)nug1 rep)rt tO8ets with the financial swemcnrs and auditors, re￿r[ of the charithlc Wmwdny fvr dir ytrat exmaed 31 March 2025. Thc TnL8tees Rewrt also includcs the Director5 Rctx)rt a5 required by (x)mpany law. 'I'rnsteLq and O￿l£t￿ Thr tTusl¢rs dnd vIfi￿ durin¥ thr yfdt dud yrdt follows.. TnLqtee4: Marc F8rnier. Treaswer (2prx)inted 4 March 2025) Corneh￿S Obvier, Secrelary Gilly Gallagher Berbata Vaan (apwintrd 4 Matih 2025) Graham Smith (oppoitxt¢d 4 Morcb 2025) Philippa McKJught (r¢8igwd 30 September 2025) Cgrol ￿Sworth (resigned 20 All￿751 ?0?5) Carolyn Whelan (resi2ned 12 Au2USt 2025) EDuna Favata (resi￿ 30 S¢ptemlxr 2025) Katharine Heron (resigDed 28 August 2024) Rodcrick Jamcs (r¢5igll￿ 4 ￿drih 2025) Jill Try (r¢s1￿¢d 4 Match 2025) Antony (reSi￿ed 10 June 2025) Nigel Walker (regi￿￿ 10 June 2025) Strntthr< governan¢t athd mall*temtllt Thc charity is a compony limitrd by guaran￿ and was incotp)rdted on l Novcmbcr 2￿11. It IKcame a registered charity on 4 Deeernber 2IKII. It is oimted under the rule5 of its rnernorandum and orticles of sociation dated I l November 2001 &8 most receDdy arn￿d¢d on 12 Nov¢mb# 2019. It has no share capital and the liabi]ity ofeach memt£r in the evfflt of Wi[￿Illg-Up 15 litnitcd ￿ onc ￿y. Th¢ Doard of TTUStc¢s is r¢tsp)n5iblG for th¢ gOV¢man￿ of th¢ or8anisati(m and comprisC5 not IG53 than 6 and not more than E) Irustees. Ihe Lloard has a Financ£ Committee comprising a rninimutn of 3 Trusm. The Finance Committee hL8 delegated autknrity from the Board of T￿￿te6S to ovuscc thc fir￿L¢la1 monaganent of the clwity and to monilor ond SLYlltinise fmancial adivity. The metnbers octhe chan"ty, wRth right lo vok at QeneTai Mc¢ting4 th¢ TnLSt¢&s froffl lime to time. PaR¢ 2 Tretya Trn8tees1 Report TrtLStees are eleckd by thc mcmlKrs in Gcncral Meetings and scrvc for three years aftcr which period may put themselves up for re-elethion. In additio￿ thc Board of Tn￿teeS caD aptK)ini up to 4 Co￿pItd 'l"nJstees to s¢rve until the next ￿T￿U81 gettetal meetins of the charity. wlx> can then offer themselvc5 for re-aP￿]ntrne￿t. The Tru5te¢s hold at lcast four r¢gul￿ m¢¢tiDg5 yrar. OtKr&ional mattus arc d¢alt with by th¢ Executivc Director and th¢ r(st of the s￿l0r Management Team. Rununcrdtion tor thc Senior Managcmenl 'l"eam is reviewed annuaily by the Board of Tr￿teeS along with ail staff salaries. TnL8t¢¢s r￿￿lted through an open selection procesk All new Trustees arc briefed on the activitis5, finan¢es and policies of the charity os WCII as bcing providd with th¢ Charity Commission guide The Essenlial Trustee, (CC3) vn tti¥tt induLiiun. TTU5I¢¢5 giv¢ thcir iimc volunwily and rE￿1v¢ ￿ ￿rrI(S th¥ th￿ilY reirnbur5emenl of expenses in line with the charity's expensts p)licy. R15k man¥ementStaten￿1 "Iretya has a system in place to identity and manage the risks to wlllch it is ex￿Sed and is collunitted to inte2rAting risk m2n28pmpnt intn ils EnVfThxnrp. fin2nr.iAI xnA ntwAtinnAI pmcf_sw tn enqiire. it can achieve itA stratCSiC and tharitobl¢ objGdivts. Key risks. including those related to ti￿dIn& ol￿tion4 sovernance, and ext￿nal lador4 are id¢nts"tied and throiigh 8 risk regisieT at least quarterly by the Board of Trnstees. This Incli￿eS Assessing hnth the likdihood and pot¢rrtial impdGt of GaGh risk. 'llie risk regtster is reviewed at evtty Board ot" Trt￿te£S meeting to mottilor its etteth.Ven￿s and it as nerf.s$8ry. Risk owne.T5 are reswnsible. for irnplunenting and rewrfing OTI n5k tre￿tment p12ns. ObjrLtivr¥ ardiviti Obie¢Xs anddinLV Trclya'8 objccts, arc 3tatcd in its Articlcs of A&8ociation and arc to" enhantt,forpublic benefi¢ ihe developrHe and educaiion ofchildren andyoungpeople up 10 25 yeors 014 and io aaltance eduC￿lon and relieve poyeny among those in p*edin UK especiallv bui noi limiiedio. IYes¢ Cormyall including ikn Isles ofscilhy.. Iherein re/c￿ed to ay 'ikn wea of benefit )" ard to 'wovide r¢¢realzop&zl ￿ld leivwe limefaeililiex in ihe inlerests of sOcti￿ welf(Tefor 11K￿8 I￿1￿￿liants ofik area Ofbe￿￿1 wlw (we in ￿cesSU￿[L¥ cifcunLfi{U￿£J.. Trelya (the Cornish word for"chanEe') exists to tack]e the sth2Ctural ino4ualities and ba￿]cT5 which knl cycles of deprivation in West Cornwall. Everything we do is shaped by over twenty years of grassroots ¢xp¢rien¢¢ in Pcnzancc E&%t- one of the m051 deprived conllnuDilies in Englatml. Hcrw 52/0 of childrcn arc living bclow th¢ poverty line, and families face challenges otE a par with the most disadvants2ed inner-ctty nelRhb)Wh￿)d$. but without the same level of sUPP)rt. Trelya's work is knrn out of and led by the needs of thig community. Ch]r airn 15 SI￿pIC yct ￿￿¢rfUl. lo quip childrcll aThd fallLiIiG5 with thG 5kilL%, and opForturriti¢& a¢Gd to break free, thnve 8nd healthy, Iwful firtures. We ¥hieve thi# through a IMJlistic. trauM￿lDforrned snd pergon4entred approach. addressing raultiple issues art055 th¢ lifc Gout3¢. Flom W¢Bllallcy thtOU8h adu]thrMrt fa￿111¢5 catL casasG with Ttdya'5 5GrYi￿, oftw foi any ye2r5, building and resilience over tsme. Uur tlagthp pmgrdmrnes are: .Skyl*r Early YeArs And Family SupporL including our Ofsted "outst￿ nursery. trdnsition supwrt into and ti￿OU￿] prilliary scli4J)I, IKJlisti¢ work widi whol¢ fa￿LI1CS. Pag¢ 3 Trelya Trustc¢s' Rcport Gallos Youth aud Family ProgranJw¢. offtrins individuully toilored youth vlort life skill4 grts swts and wcllbcing opwrtwiities. with intcn5ive advocacy and wraparound family 5UPFKJrL •Gvl Skius Community Hub, providiDg skills tiaining and employ[n￿l opw)rtwiities for adults fiwth¢st from th¢ lat￿ur matkGL includins our innovativc Gul c￿f¢ Skills ltoiniog pEojecL . AionEsid¢ thes¢. our Crisis Support pmvides wgent intervention for famil￿$ facll￿ ￿)meleSsnesS f(knl Jvety and domestic abus4 often the first or only agency thcy will turn to. Thc bcTKfit of thi5 work 15 Fyofounrl childr￿ life with multiple disadvantagc5 arc able to start hool ready to learn and thrive alonRside their peers. Young people th"scover resilience. self-belief and ambition, increasing their chances of complcting cducation and movÈng into training or employmcnL Parents and carers dcvclop thc skills and stabiliry nccdcd to suprK)rt thcir Childr￿ and themselv￿. Familics in crisis a supported itntnediately and with Compassio￿ often tKevcnling problems from escalaiin8 furthu. Ai a )mmunity level. Trely2 helps In break intergenmtionai cycles of ￿1vertY 2nd creates stronger. healthier. more connecta nEishbourhoods. One mother d￿ribed h¢r journ¢y with Trely& -WIEn lfrsi cam¢ J al breatingpoinl. J dtdn'i know how lo cope. I didn't Inisl llry0￿ hplpvd ylow4T rphLTild ry r.nrfi*l&¥.PW.P. .tw)pnrtpd my rhEl&en ¢hr(￿Sh nurJ¢ry apdschool, and madc Jur¢ w¢ w¢r¢ wkn thingtr wrong. N￿, Jfeel hopefvl asai My children ore h4Jpy. L7ndl believe in ourfvure.- siories like thi4 repealed acr055 hllnrtre￿ of famllles, show thc dccp and l&qtiDg change our work achicvcs. Trelya's impact is ais0 mcasur4blc. for examplc. 77% of adults GomplGtins our Gul Ski113 Dcycloprncnt projrct proEr¢&s tnlo furlh¢r ¢duCatiO￿ ¢mployment or training (Evaluation for Gul Skills Developmeni Projeci 2020-2023). Each year. children suprM)rted through Skylar transition are able to Sustain tK)sitive engagement in school alld signifirantly improve their educatiorlal ou(WTnes. Parents attd carers CO￿8)8tentIY Teport incrtased wcllbcing, confidcncc and abilÈry ￿ copc with LIMllrng(3. Th(x VUlLy)￿￿) arr ¥u¥(ailiLxI uvrr iitllc IKcaLGC our work is long-kn, rclationai and [00￿d in tru5L tkm.ng the ye4r ending March 2025, Trelya delivered significani life4hanging impact for childrffj young ple. adulLs. and farnilics c￿￿enCIng severe di5advantsge. Demand for our serviccs rcrna1n￿ ￿nSIstentIY high, aTLd we reyponded with holigti¢, long-t¢mi ond trwtna-infornied SUPEM)rt acro&% education, mental hea]t food security, c￿p10Ymen[ readine4 and franily wellt*ln& C￿1 Skill8 CJ)mrnuni Huh ThL5 ycar lllatkcd thG fQtDplction of thc Cornwall and Islu of Scilly CTr)d Growth Sharcd Prospcrity Fund (SVTr') (jui Skn"Ils Collununit). Hub projecL a £"1.719Kn inillth.ve delivered at the Lescudjack Cctrtrc (the mTniinity hiiildine nwned an(1 rnxnaeed hy TrelyA). Thiq mAjnr inv£s1ment fijnded three ar￿8 of Trelya, Page 4 Tretya Tru3tscs* Rcport * The Gul Ski113 D¢vGlopmrnt Projctt - a holi3ti¢ QPPToo¢h to helping peopl¢ fi￿thert from the lth)w market progrc55 into training, voluntreTiB& and cmploytnenL • The Gul Cafc Skills Trdining Projeci- providing hands-￿ training and accrcditcd Qua]ificati0￿8 in hospxtaiity, delivered throW Trelya's Training Kitchen a[￿ Cafe . ' CupiMI wurkJ lil knL"udjaLk Cwitr- 0 £970k 1rfwbi5l￿1mt and 5U5tainthlity Up￿, cn5uring TrGlya'3 base is fit for the future. An indcp¢ndcnt evaluation undataken this year (Gui Skills ConllllW]ity Hub shar￿ Prosp¢rity ful￿ Evalu￿10￿ ty SfjA smart fjrowth ADatYtl(￿ ) Ly)nfinn¢d that the fju] Ski115 Comtnunity Hub project supw)rted some of the most socially exeluded falnilies in Cornwail. wÈth many participants facing multiple barriet3 includi long-ttrni unemploymcnl poor and carin8 responsibilities. Nont wcr¢ in work or learning before eng8￿g with this proj¢ ImpAet of the CTUI Skilk r.bmmunity Hllh Pnbjett *% dtmottAtr*ttd by that independent ev211llation: Evcry partLGipant adiicvrAI a qualifiraliou or Undcrt￿k traiuii]g a¢r05s atCa3 SUGh as food safety. first aiiL diRital skills, and c￿stOrner servic Wraporound supw)rt addrtssed b8rrieTS to ewgement including childc8re, housin& mental healtlL and food 5ccurity. Suryey findinRs showed dramatic imwovonents in wellbeinR: avernRe happiness levels rose trom 3.711U Eefore Gul to 6.9JIO by March 2025. while ¢￿fidellce rose from 3.7110 to 6.3110_ Participants descriEd transforniative shifts in their lives. from beiDg unable to WO￿ or stu(ty to actively engagi￿ in employm¢nU volunt¢¢r1￿ or l¢ornin8. Gul Value for Monry: That indcpcadcnt Gvaluation found that for cycry £1 inYo%tcd in GUL 60¢iW bw¢fits by £32- a benefit-COSt rntio regard￿1 &s-extremely high" ty HNI Tr￿lry. This reflects Guj's unique persisien¢e of impact.. by equipping participanL8 with life and work skills that l&st a lifetitnc. the benefits ripple through fomiliw. Child￿ ond the wid¢r ¢ommunity for decades to ¢om¢. Glll Widtr reath: TM"s project al80 N)sitsvely ￿￿￿et￿l hundreds of ￿der fattll.ly memivs and childr irnpribving family 8tshility. relatinnship& and wellking- 3uiILinary? that IndrE￿Id￿nt ¢valuation found that th¢ Gul Ski115 CO[n￿U￿lty Ilub proj¢ct has b¢¢n Iransforn]atiOllal - not only m the ll"v&% ot ￿￿"vIdUa[ participants but also in the s￿Sta￿labdity ol Irelya as an nrg2niqatinn. The pmjeet CTexteA A legacy nf qkÈll8. resilience. and np￿rtUnity that will effjntinue ts) benefit West Cornwall long ofter the SPF funding period hos endtyL Gailos Youth and P"amil Service Ggjlos delivered gn 2mbitious gnd trau0￿1nfonlled pro8pArnme of youth uAwd8emetrt - photographyy IntLSiG produfjtio￿ wdciiii]& pwknut. 5FKIrt5 aDJ th¢atr¢ - aloiigsidc iiitcnsivr Onc-t(￿n support for children navigabng eAucats"on breakdo￿74 traum4 aud melltal I￿alth chail&ig&8. Youn8 people cwreated public art installations and perfortned at the Minack Theatre and Hall for Cornwall. whil¢ wcgkly fdlliily sessio1￿ illgliw ￿ i￿11¥ll1¢s storyt¢lliJig) prnvjdvj &af¢ opportwiitLes for nn¢¢tion and Joy. New initiatives included a LX)nllnunity SeW￿E 2roup.. hyglene rM)verty adv(w worK and "18tnri8" MLI1ti-Eenmti(￿￿l ￿lItUr￿l IReritage PD)je£t. Gauos also work¢d clos¢ly with atlll ywvidiiJ¥ prdbLiL41 lirlp* rwviiviwl buvvurt advuLw tllffsy CQDSUmPtioo radi&ors Tripl¥ gla4rd wuvJ)w5 (hr wlwlr Tknr upwdrJ Encr8y cffici¢nt li8btiJ)g Low Twater use toilets These inY¢stm¢nts underline our to cnvironmcntaj rcsp)nsibility and financial rcsilla￿¢. Page 6 Trety Trustees, Report Tr¢lya con5tEurtly Striv￿ to improve its environrn¢ntsl Ampact gnd reduce its ellvirontnental ffy)tprint. S4)rne examples of how this 15 achieved includc: Purchasing.. Prioritising local quppliers where EX)$5ible' using suppliers wlK> &t with environmeatsl r¢&ponsibility brunds who otTset their ¢arbon footprint by positive actio￿ usin8 B Cowrniions. or those who arc Certifi￿ carlK)n Dcutrai. Sharing the work we do to help the climate and environm￿l with weekly wsts on social media Acting ￿ the W&st Pcnwith Cornwall Glcaning Nctwork Hub, providing a convcnient sp1￿¢ for gleaned produce ￿ be dropped off and collccted &8 well &8 using the product in the training café and kI￿hen giving rise to a direct reduction in f¢y)d waste. This a]so means produce is lod and seasonal thereby reducing food miles. Providing staff with rcllsablc cups to use in the cafe. reducinE the number of curffjsauccrs that havc to bc wa.qheAI All adults on the Gul Skills projects 2re a150 given cups to reduce the environmeT]tal ilnpaet of tak¢away Gup3 and 3ifL8lc ￿ pl&%tic bottlG5. Setting up Cornwall's first bike library wher¢ bikes ar¢ available to use, fre¢ of ¢haTge. for a day or longer. Frcc bikc chccks and ses5iOn8 to imwove riding confidence aTe also offered and facilities providcd to crjablc staff to rid¢ bik￿ to work. Trclya str¢n8th¢ncd p￿￿t[shIpS atto&s cdu(ItiOK4 hcknl4 5(Kial cart and tb¢ arty maintaining ¢103 collaboration with schix>ls, h￿th visitor5, tMTrlice, and gr&￿rOOts Organisatio￿8. Our practtce models were 8hnwc%Lsed tn fiinders And netwnrkq AnA feAftired in gtKMI prAclice ￿]hIle￿inn￿. Yniine rthple frnTn Trely2 were k¢y partncr in thc Attun¢ Projcct IKcd8 Unxvcraity fund¢d by thc UKRI ￿1￿1¢￿1 RvJaw¢h Council. Th¢ work led TO a number of Cowproduced infornicd resour￿5 de5igDed ￿ upsklll and vab) parnff schiM)ts and collcEeS aGross the UK in workin2 with YOW￿ people wlKTr had expcricnccd trauma - Attune {www.#ttwieprojecL¢om). YounR psjple and adults at Trelya were one of the rwtner5 wilh In Kind Dir¢Lt whith Culmi￿ in a P3rlr9t)Jentary reception to A Clegtt Start in Lifr researdL The rege2rcb focused on understanding the ¢x￿rienCe of hygim¢ WpY¢rty through th¢ ¢y¢5 OF a ¢hild and d call for action for tbc goYfflllttGnt to addr¢38 this. Trelya won two awards at the Inclusion Cornwall Aw2r(ts tt)is year, an incI￿lOn award for the fjul Skills Project and the "Winner of Winners" . demonstrating exceptional itnpact in Inclusio￿ skil]s developmenL and anti-povety woriL ¢7 Tretya Trustrts, Report Th¢ L¢stud'a¢k C¢ntr¢ Trclya's building, th¢ L¢5¢udja¢k Centre h&8 rcaIly grown 8$ a vilyrant and busy cornmunity hub throughout the year with a wide variety of other agencics also pmviding their supwrt and adivities to th¢ wllllnunity. This has Includ￿ thr Cornwall Council Adult EdU(￿lI0n SerYio¢, Quid Conllections, Hathy CornwaLI, Band of Brothcrs, SclKy)l Nursing, H¢alth Visitin& ¥atiOllai Careets Service, Supw)ning Fatnilics Employment Advisor, Cafcass. Pentreath. Q)mmunity Energy Plu& Cilizens Advice Bureaw Live WesL T￿¢ Si Iv¢s. tKach Pottcry, Minack Theatre and Penlee. Pet)72nce Town Council also Start￿ a new dmFin setvice at Trely& Smile Tu￿rui￿r I￿s DriiLi&L Prnwith HrdlLh dtLtL WrllbcL￿ Hub dlsu dclivrt r[V￿1 dir L¢scudjack C•)tre and room FnokinRs have been stronR throuthut the year. with 30 or2anisations usinE the etntre through the ￿urSe of Govcrnancc Review Durine the year. Trelya undcrt(M)k 8 fvll review of its 2ovem8nc£ amnEements in line with best practice and Ch2rxty CotiLllLission wdan¢¢. As part ofthis procw w¢ out a skills audit of tbe Board of Tntstee8 and idcntificd the need to refrth and strengthen governattce to ensure Trelya rernal￿ T￿llient and wcl1qu1p￿d ror the future. S¢v¢rui long-$6rYins Tn￿te¢s 3tcppcd do￿ this ycar, hovin8 dedicoted rnony of Yoluntthry seryiee. Their conulbullon ￿ Trely& h&s b¢¢n immenK and ts￿ir coTnEnittn¢ni has h¢1[￿ ￿ sb8pe tbe organlsadon we are Ii>day. Th¢ TnJ5tees and staff team express sincere Eratitude for their le&]ership and deAli¢2tion. Following an opm and transpar¢nt r¢crnitstL¢nt proccs4 T￿ly& wclcomcd a numb¢r of ncw TnLStcaB to the Boart Apwinmients were made b&se41 on the skills and exF¢rience idenllfied as prioriii¢s through the skllls audiL to ensure the Board h&8 stron8 expertise in areas such as fJnanK safeEuardin£. educalio￿ community developmeni leE21 gov¢tnanK Hutllgth liesour¢¢s aTTrd orgsnls2ti0t￿ Strategy. This renewal has broughi fresh energy, divene perspecuves and addiuonal profes5iona] ￿t￿n[se to the charity's £ovemance. ensurin2 that Trelya is in the strongell ￿ssIble ￿sItIon to deliver transknational changc for ¢hildr￿> young wple aT￿ famili￿ in West C£)rnwall. In Trelya's achievements this year reflert our U1v￿aVe￿ns CJynmitmeJ)t tn InnE-tpm. rp.l%rinnal. and farnily-centred tra￿forniat1on. Participants arc not jUSt SUPWtcd through cri515 - th¢y arc cquipp¢d to grow. Lx)nncct and thrive. Fmm babie5 l¢arning io bdtanc¢ on outdoor log4 ￿ trenagers ￿forni1ng on a profe5siona] s￿ge. lo parcnts stcppiDg into employment for the first titne in yeaTS- Trelya cKJnttnu&s to k a place of tx)5sibility. powered by ca PaRe 8 Trety8 Tnwttts, Report Activits¢s pl•tttted for the OY¢r thg wwing p¢rio(L Trelya will begin ¢xcitiDg capitsl development project to trdnsform ats area of13nd adjaccnt to thc Lcscudjack Ccntrc. Plans include: A new building to cxpand our Skylar Early Years ServicG enabling US to SUp￿rt more thildrrn and tamilie5 during the crncial early yeat3 of developmenL . A dojicatcd outdoor play atca dGsIg￿cd to colwLfK physical, wcial and ctnotional dcvclopmcnt through 3af¢ and stimulating play. A tnmrniinity garden fnr Emwing fniit and vegetahle*. ])mviding 0prKhrt￿lt7eS for children and familieq to learn aknut healthy eatin& 3UStainability and f￿)d Production. . A forest school and oUtd￿r edu(xtion ar￿ giving childrn th¢ ¢hgn¢¢ w ¢onnect with nawre, build resili¢n and develop confidence throuEh experieniiai learnine. This project will 81snific￿tIY extend the rvdch and quality of Trelya's seryice4 providiD8 new opporbJnities for LMIuLaLiuiJ, wr1lbr1I￿ Wllullullily wllurLiiv C¢)nsolid8tion of Servi￿$ Uur inllnediate pnority is to cot]solidale and strengthen our exi5tmg 5¢rYIc￿. ￿tr the past lew years, Trelya hgs grown to me.et increasing o)mmimity need Thp. ypAr xhe2A will fn￿14 nn emkdding thi* gmMrth. etL4uring that cach Strand of our work - from prcbirth through thc lifc ¢oursc - is opcrating at its hsgh¢Bt quality, with sustainable fjJnding and clvdr pathways for families across our programmes. This Consolid￿lon will enable 4L8 to muimise impa¢ maintain resilienc£. and CD5urc long-tcrm sthbility for those wly) rcly on our suprA)rL Infiucncin and Comrnunications Strd Trelya will embgrk on 9 Structured proBrAmme of comrnunications developmenl led in pgrtTrership with fxternal cxpertise. This program￿C of woth will strcn8thctE Ttslya'5 ability not only to d¢liver highsuality 3GrYic¢s, but also to advo¢atr mor¢ powcrhllly tor chddreffj young p￿pIC and lamilie5 in W¢5t Cornwall, ensuring their vr>iceq 2nd exr￿leT￿LI infnmi wider qy.qtUll$ 2nd deLisioTrmakin& Public benefil The Trustees Confirm that they have complied with the requiretnents of section 17 of the Ch2rities Act 2011 to IMv¢ du¢ i¢gard Èo tli¢ public i￿l¢Fit guIdtyi￿ publishd by thc Chatity Collunission for Engtand and WalG3. The Trustees confirm that i7J reviewing Trelya's aims and planning firture activities they have had due reRard to the Charity Commission's guidance on public benefiL Every 2spe¢t of Trelya's work is focused on deliveriDg ioti¥iblr, I￿)llI¥ publib brnrfiL: rnsU[i￿ illllthu4 yvUll￿ pwylr fwiiLILG% iii W%st Ci)tnwall atr not IGft behin(I but instead can grow. tlourish and le&1 lilllii]mg ￿v&s. During the ycar ￿ded 31 March 2025. Trelya's income toTalled of £2.216.818 (2024: £990.061). £970k of thi5 tncome spent on redevclopine the Lescudjack Centre from restrict&J incorne given for this PUT]x)se. The additional income re¢￿Ved enabled the charity to increase its spendin8 on cFLaritsble activities to £1,321,219 (2024. £999,431). The ch3Eity made a swplus in the year of £48212 after cgpitslising fiKed asset exFrnditure of £71J9,941. Page Y Trelya Tn￿ttts. Report Th¢ in¥￿tsn¢nt In thc IKscudja¢k Coltrc provid¢s th¢ chnrity with imp￿yea facilities in which to delivery its many service4 look aftcr its dedI￿ed and hard working ieam and givc lung Irtlll ￿￿bilitY to ￿tryon¢ involved with the charity. "Irelya currently h&8 its r&serv&s ￿lIcY under review. and the I"nL8tees recognise the ne￿1 to kecp unrestrictrd free reserves at a level appropriate to thc ncrjs of the orgat]isatton. To this end. the aiTn hLq been to maintain suffiGiGnt frGG fc3Gfvc5 of bGtwccn thrcG and 3ix months run¥Jing costs of thc charity. A3 of 31 Morch 2025, the unrestricted free reserves {unrestricted reserves fixed &8sets) increased during the year to £367,623 (2024 . £312.565). This equated to 4.2 (2024: 3.7) tnonths. av¢rdge total expenditure afttt excluding one off ¢xp¢nditi]re relat¢d to the d¢v¢lopm¢nt works on the Lescudjack Centre of £246k Whilst the Trustees have assessed these reserves as sufficieni for current need4 the Trust¢C5 int￿￿ ￿ coniinue w develop Tr¢lya's reserves wlicy with a view ￿ implementin% measu￿4 in￿rar &5 the constraints on its lunding allow, to increase reserves over time to nearer the top end ofthat range. T￿[ya does noi ￿gage in publi¢ fundraising and does noi use professional fundraiscr5 or participators. Trelya nevertheless observ¢5 the relevani fimdraising re2ulations and ￿. During th¢ year. the charity received no comptaints relating to its practiceg. Statement of Responsibilities The trugteeg (who gre a]so the direttors of TTelya for thp. piiryM)seR nf cnmpxny law) are rel￿nSIble for pr¢paritt8 thc trustGGS' fGPOrt and thc financial statGrn￿$ in a¢eord8nc¢ with appli￿1¢ law ond United Kingdom Accounting Standards (United Kuigdom fjenerally AccepTed Accounring Fra￿{Cel Includlng FRS 102 'Tht FinanciaL RcrKJrting Standard applicable in the UK and Republic of Ircland" The rewrt al￿ accounts have been prepared in accordance with th¢ provisi0r￿ in the cO￿panieS Act 2006 relating to srn311 companies. Company liw requires the tn]gtee4 to prep8re fiDaDci81 Stat¢￿entS for eac.h financial year. Tlnder COMr￿Y law thc tru3tt¢s murt not approY¢ th¢ financial statcmuts unlG&3 thcy arc 3ati$fi¢d that give a true nnd fair view of the state ol affairs of the charitable company and of the incoming resources and application of resources, including its inc()Tt]e and ex￿Idit￿￿ of the charitable company for that period In prwing thcsr financial .statemenW th¢ trustees are requir¢d ts: geleet suxt2ble accountin8 FX)licies 2nd 2pply them consistently. oTrkwve the methndi xnd rrincipl&q in the Charities SORP: make judgements and estim8tes are reasonable and prudenL State whether applicable accounting stsndar(Ls, comprising FRS R02 have been followol subject to any m2tpriAI dpD2thirp.s Alw.In￿ 2nd pxplained in the finxnciAI %t2tement8' and prepare the financial statements on the going concern basis unltss li is inapwopriate to PK5ume that the ¢haTitable company will continue in buginess. The tnJslee8 are ￿￿nS1hIe fnr keepin8 prn￿ accnimting recnriLs that Gqn dtsclnse with reasonable accuracy at any timc thc fmanciai tM)sition of thc charitublc Ix)mpany ond ajable them to ensure that the finarLcia] statements comply with thc Companics Aa 2000. They ore also reswnslble for safeguarding thc of thc charl￿bI cojnpany and henc¢ for tsking rrd51)nable steps for the prevenlion and detection of fraud and othLY irregularities. The tr￿sleeS are resry)nsible lor the maintetHice and integnty ot" the corwrdte and financial intormation included on the e.haritable cotnpanls website. L£gislation EovemiiiE the. i)Teiiarthnn and al￿￿£￿1T￿tion (Jf financial stat¢m¢nts may diff¢r from l¢gislation in oth¢r jurisdirtions. Page 10 Tretya Trustee81 Report so far a5 thr trustecs atr awre.. - thcre is no relevani audii infOrM￿lon of whith the lX)￿panY'5 dudiLur uuawar¢.' a - the tnL%tees havc tskcn all st¢ps that thcy ought to hav¢ taken to make themselv￿ awarc ofany rclcvant audit information and to estsblish that th¢ auditor is aware of that informatio Sjnall companies PTOVi5iOll 51atemtnt Thi8 rcport bL8 bcttt prcpartsd iti accordencx with the small Ly)mwi¢5 ￿gi￿n¢ the C4)mpani¢s AL* 2006. Going ¢on¢ern The fmancial statements are prepared on a going wnc¢rn basis. The TnLs*es are confident in th¢ long t¢rn] p[Ub￿￿L￿ fvi Trrly This Teport W&S approved by the tn]stees of the charity on...)....11.-.1Sand SI￿ on their behalf by: Marc Frtrmcr Treasurer Page 11 Tretya Report of tbe independent auditora to the Members of Trelya Opiwoll We have audited thc fllwAcipI 5tstanents of I'relya (thc'tsitable comtrdny? for the year endcd 31 March 2025 whieh comprise the StatemeDt of Financial Activities, the Balance SheeL the Cash Flow Siatemenf and noies to the fmonciaL ￿tat￿¢nI4 in¢ludins a of sisnifi¢ant a￿U￿tIng plicies. Th¢ fi[w￿l*l rwrting framework has bc£n applied in thcir prqw&ion is applicable law aud Unitrd Kingdom AccA)Ulltiug Standards, including Financiol Rewjning Stsndard 102 Tr Finan¢ial Rqx)rting Standard applicable in th¢ UK and Republic of Ireland, IUniteAI King&)m Generally Acwt¢d A¢¢ounixDg Practice). our opinion the fillxllrial st*ttmtnts: - give a trne 2nd fair view of the state of the charitable ￿M[￿nY'S affaiTS as at 31 March 2025 and of its incoming r￿urccS and application of resources. including its in(y)rnc and cxp¢nditur4 for tbe year the*) ende&. . have been properly prepared in accordance with Unilal K￿Ed0￿ lienerally AC￿)￿1 A¢¢xJunbng Vracttce; and . havc bc¢n prqxred in accordance with the requirna￿S of thc Companic5 ALI 2006. Basis for opinio WG condurtcd our audit tn acoThkncc with lntrrn￿i0naJ Standards on Auditing (UK) USAS IUK)) and applicable law. Our resFK)nsibilities under those stani]ards are fi]rther described in the Audiiors. rwnsibiliiies for the audit of the financial statements section of our retx)rL Wc arc indq)endcnt of thc charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statem¢nts in th¢ U including thc FRC's Ethlcal Standart and we have fvlfillcd our oth¢r ¢thical rcspon5ibiliuL3 in ￿[￿dll￿ iyith requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a ba£is for our opinioJL C•)ncl￿310lls relating to going tollcern In aiiditing tht finxnc?xl stxtement8, we hxve enncludtsl that the thLSttt4' ￿4e of the going concern b&8is of accounting in thc prcptntion ofthc fin%￿￿1 statL7ncnts 13 appropriot¢. B&sed on tbe work we have [￿rfOrnle￿ we have not ideDts"fied any material uncertainties relating to evetLts or cx)naitinTL8 that. individikally or cA)Ilertive.ly. may si2nificRnt (Iniiht nn the charitthle company's ability to continuc ￿ a going concLrn for a E>criod of at Ic&8t twclvc mondLg from Wh(￿ th¢ fitiAn¢xal stntements are authorlsed for Issu Ir ￿%￿n41h111lies and the. resrM)nsibililies of thp. tnJ£te£% wÉth In gning (x)nc£rn are dtscriheAI in the rclcvont 8cction8 of this rwrt. utber illfonnation The other inforniation comprises the inform2tion included in the ADnual Rerrf other than the financial state￿ents alld out ReFN)rt orth¢ Iiidqmthrt Awjiknrs The trustees are res￿nsIble lor the other inforniation. (hr opinion on the financia] statements does not ￿Y¢r the other inforynation Except ts the otherwise ￿lIe1t]Y stated in our rep)rL we do not express Any roriIi of(uburtuiir wllbluJivll Pagc 12 Trntya Report of the independeDt auditors to thc Memb¢rs of Tretya- continued r¢S[￿nSIbIlity is to r¢ad the other inforniation on& in Ik)itig so. consid¢r whether th¢ other infornlation is nwenaily inwnsisieni with thc fitwiclal S￿¢￿£[￿5 or (Trur knvwlt>J￿￿ ¥¥b￿nca in th¢ coursc of thc audit or Othe￿ise appears materia]ly ￿lss￿led. If w¢ identify Ma￿rial inwD5i5*ncies or appareni maTrrial misstotsments, w¢ are required to deterniine wlhether this gives rise to a mxteriAI mi&8tatanent in the financial statements th¢mselvcs. If. ba5cd on the work w¢ have ￿f0￿1¢& we conclud¢ that there is a material misSth￿Ment of this other intornlats.0￿ we are required to repKJrt th0L facL We have nothing to re[￿ in this rcgar& Opiniotts on other matters prtseribed by tb¢ Comylli¢s Aet 21M)6 In our opinioo b￿d on the work undenaken the course ofthe alldit: - the information ￿Ven in the TnisteEs' Re￿. fnT the fiT]gnci81 ye2r for which the fitwicial statements are prcPar￿L which inGludG5 thG DIr￿l0[5, R¢port pr¢par¢d for thc pury05¢5 of compony law, is ￿￿81st¢nt with the financial ststGm¢nts" arml . the Direcknrs, RetKJrt included within the TTU5tccs' Rcp)rt h&8 Ixen prqArd in a(Kordw]¢¢ with applicablc l¢gal rcquircmcnts. Matttrs on wbieh we art r¢quirnl to r¢pvrt by exeeptio In the Iigt]t olthe knowledge and underslanth.ng of the ct￿lry and ITS environmeni obtajned In the wur5c of Riidit. we h%vE nnt identified rnaterial miiqtatements in thc Dircctors, Re￿rt in¢luded within the Tn￿ees, RcFM)rt. We have nottung to rewrt in re5PXt of the lollowmg mallers wlwe lh¢ Companies Aa 2006 requtres to retyjrt tn ynli if. in niir npininn- - adt4uat¢ accowrtii]g r¢wrd31)avc not kGpt or rctums ad¢quats for our audtt hav¢ not becn received from branches not visited by us; or - the financia] swements are noi in a￿ent wlth the accouwing rcLX)rds and TrautnJ" ui - L￿ri￿ll disLlusur¢J vftru¥(rrs' [r￿uu￿ra(1U1i by law atG llot madc" or - WG havG not rccclvcd ail th¢ infomiation and txplantitions we r¢quir¢ for our audi4 or - the t￿￿tee8 were not entitled to prepare the St￿ne￿al statements in accord2nce with the small cA)rnDanie8 imr Ldkr vf thr 5tJidll wLUE￿IQ3. tX(￿ption5 in wTarin8 thc TrustGGJ' Tlcp)rt and from th requirement to prepare a strate￿¢ re1￿L Responsibilitie8 of trnsttts As explained rn0￿ fully ID the M¢¢s' responsibilities swemcni 5th ou( oll pagc 10 and I I. Ltlf LrLL%Lm (wlw arc also the directors of the Ch￿itable wmpally for the purrK)s¢s of Company law) are r¢s￿nSIble tor the pr¢parntion of th¢ fIn￿CIal statements and for being $8tisfied that they 8ive a trne and f3ir view. and fhr .qiith intcrndi (x)nLwl thr itUslrG5 {1rLrr￿illr ib to uMbl¢ tbc wcparation of financial statcmcnts that ar free from materia] misstatem¢nL whether duc kn Iraud or error. tn preporng the financial statemenK the are responsible for assessing the charitable company's ability condnu6 a5 a going Con￿ di5G1051￿ i4JpIiLdbl4 llwLLrtb rrlu(rd c4)iic£rn alld u5ins thc 8oin8 concem b&sis of accountin￿ unless the trnstees either intend ts) liquidate the chan"table company or to cease operations. or have no realistic alternative but to do so. Page 13 Trelyg R¢port of the indcpendcnt auditors to tbe Members ofTrety¥- eODtinued Our rtsponsibi]itiLq for tht audit vf the fimancial ststements Ihjr objectives are tri obtain reasonable Lwmce aEx)ut whdher the fiDanctal stateM￿ts &8 a whole are free from ￿a￿Tial due u) fiaud 01 Gmbi. and to i33uG a Rcp)rt of th¢ Independent Auditor8 that includcs our opinion. Reasonable a&surance is a high level of assurdnce, but is noi a guardntce an audit ¢onducted in accordancc with ISAS (UK) will always delect a mateTial misstatement when it exists. Misstatemcnts call ari3c from fraud or crror and arr consid¢r¢d matcrial if, individually or in the aggregate, they could reasonably be ex• to ]Dfiuet￿ th¢ economic decisions of usas thk¢n on the b&8is of these financial %tAtement%. The extent to which our procedures are capable of detectine iwdaritie& ineluding fraud is detailed below. The objectives of our audiL in rest*rt to frau& 9￿. to id¢ntify and Lssess the risks ofmatcrial mi55fat¢m¢nt of the financia] statements due lo fraud. lo Obl￿"n sufficient apprOpri￿e audit eviden¢¢ regarding the a&8essed rfsks (Jf m8teTial mii%tstement due tts fr2lld through designing aDd itnpltrnentinE appropriate res￿nSes. and to r¢spond appropTio*ly to fraud or S￿8p￿d fraud identified durins th¢ wdiL However, the primwy responsibility for the prevention and detection of fraud rests with thos¢ charged with govcrnancc of the tity and its mana£emenL Our 4)proa¢h follow$: - We idenkn.tied ar￿ ol.laws and regulations that cou]d reasonably be expected to have a mat¢ria] effea on the fllthneial si*effleniS from our general cDmmerci?l and sectnr experienc4 arld thmugh discussion with thc dircdor5 ond othrr rnanagGmcnt {as rcquircd by allditing standards), and disc￿Sed with the tr￿stea* and other management the ￿lIcI¢S and proce41ures regarding coznplianc¢ with laws and regulatlons. - We considered the le.gal and regiilitory fTgmewndcq Airprtly 2pplÉcthle tn the financia] %t2tements reporting fraJn¢work (nis 102 and thc Charitics SOIiP (FIiS 102) - A¢wuntin8 and Rcportins by Chorities) lat￿ the relevant l&¥ compliance regulations in thc UK. . We Considered the nature of the tndusty. the control envirollmellt and the cjwitsble cDmtKffiy's ￿F￿rnIanr£ iniluding thr kGy drivcr5 for r¢muncrntio - We communicated identified laws and reRulations throughout our team and renlained alert to any iudications of non4ompliance throu8kn the awliL" - Wc ￿n5]dErEd thr ￿L￿luT¥¥ Lay￿￿ally Iws ￿￿￿1b$ll¢d to adth-css iisks i&Jrtifi¢& or that otherwise prevenL deter and thtect frau&. and how S￿l0r Man￿emeltt monitors those pmgrdmmes and controls. P￿¢ 14 Trelya Report of the independent •uditors to the Members of Trety9 - enntinued Bas￿1 on this undcrstanding we design￿ our audit proc¢d￿ to ithtify Th)n-(x)￿p1lancc with such laws and Tegulatit)ns. Where the risk w&s considered th be highu. w¢ ￿rO￿Tred audit ￿)c¢AlUreS to addre55 each identified fraud risk Thesc prOCd￿ included: - Legal fe¢5 were rcvicwcd (o idffliify ally wLrlliiol ELvi1￿1]IPlIa[￿£ of laws rc8vlation3. - We reviewed the minutes of trU$￿t medings to identify mattets relevant to our audiL - We reviewed material manual journal entries for evtdence of monagemenl override or fraud - WG tG5trd S￿￿lfi[ in5tantf5 of grant incom¢ for the corrcct application of thG rcvuxuc r¢Co￿ltiOn ndr3. A fiirthff desrription of res￿￿87h111ThÈy iq AVAil2hle nn the Finsnciaj RqKJrting G)uncil's website at: httpsJlwww.frc.org.uklauditorsrcswL8ibilitics. This dcscription foTmS part of auditorfs rep)TL Owillg to the inhereni limitatiot]s of an audii. there is an unavoidablc risk we may not have detected somc matwial mi33talcm¢nts in th¢ fxnancial 5ttttcmcnts, cvcn thoush w¢ hav¢ properly plonned and perfornied our audii in accordance with audiiing standards. For ex3mpl< the further removed nonnatiOD5 and legaci Lharitable acts'vits'es Othcr trading activiti Investment income 39.(K)2 28.657 84,168 987 39,002 ¥(y6,5U4 84,168 987 837.847 Total tncfjrne 15?.814 X17.%47 990.661 EIpendÉture oll: Charitable activiti 113,097) (886.334) 999,431) Tolai expenditure 113097 ¥¥6 334 99Y4JI Net incnmeJ(eX￿Aiti]re) .39.717 4A.48 (8.770 Net movement in fifftds 39.717 (48,487) (8,770) R¢eon¢iliation of Total fund8 brought forward 838,511 74,894 913,405 Total fi]niL% fdrricd forward 878.228 26,407 904.635 The nole6 on po8¢s 20 to 35 forni on int¢grni port of financial statement& Pa2¢ 17 Tretya (Registration number: 4315251) Balance Sheet as at 31 Mareh 2025 2025 2024 Natt Fixed xssets "langible assets li 1276.105 565,663 Cyrrent •sgets D¢btvrJ r.fLsh at hank and in h8J]d 12 13 355,892 167.6?.?_ 145,336 4?.fi,149 523.514 571,485 CreditOf8.. Am•¥Thts f4UiDS dN• withsll ODe year 14 (46,829) 232.513 Ntt a33rts 476,685 338,972 Net ￿ets 1.752,790 904.635 Fulld5 of the ¢harity: Restrieted ittetsme Restrith¢d funds 17 109.062 26.407 unr0￿rIthd inrolne fullds Ui]rG5tiIGtsd fiuid5 1.643,728 878,228 Totsi 17 1.752,790 904,035 Thcsc fuMnciai statcrncnts ha￿ bwi prCp4T￿ in aw)rdanc¢ with thc spccial provision5 rGlatiDg ￿ companics subieato the smatl companies re￿¢ within Part 15 of the Companies Act 2(W)6. The financial statenKnts on pages 16 to 35 were approved by the trustees. and autr#)￿ for issue on ..£.-AZ.-.ASand si8n¢d on thcffir Ixhalf by: Marc banner TnL%te£ The not¢s on pag¢s 20 to 35 forni an inttgral part of finaTEcia] statcm¢nt& Pagc 18 Trelya Statcment of Cash Flows for tb¢ Year EDded 31 Mar¢b 2025 2025 2024 Lasb flow5 from operAting artivities N¢t cash itKX)md(expenditure) 848.155 (8.770) Adjusthnents to flows from non-ush itenLq Deprecialion Enyestment incollle 89.501 (1,296 936,360 39JOO (98 29,603 Working ￿pItal adjustments Increaqe in debts)rs 12 14 14 10.5fj6) 21.053 207,33 (65.102) (148) 210,990 (Decre&ge)lincr￿e in deferred income Nct Ga5h flow3 from opcrnting aGtivitiGS 540.120 175J43 C•sh flow5 from IDvesdDg acrtvlde5 Interest reeeivable and similar income Purchase of langible fJx&l assets 1296 99,943 987 (54,932) li Net C&8h flows from invtsting xtivities (798.64 153,945) Net (decreaseYinerV￿ iti cash and cash equivalents C&sh and equivalents at l ApriI (258,527) 426,149 121,398 304,751 Cash and cash cquivalcnts ￿ 31 March 167,622 426,149 Rteonciliation of net flow to movement im net runds (Dc¢rc*LgC)/incrc4L8C in ctL8h (258,527) 121,398 N¥L at l April 2024 426.149 304.751 Net tunds at 31 March 2025 167.022 426,149 Ail of the c&sh flows are denved from CA)nts'nuing oimtsons during the ab)ve two Frio(Ls. Th¢ rjotss on Pas￿ 20 ￿ 35 foTh an int¢wi port of fink￿¢1￿1 ststement& Pagc 19 Tretya Not¢s to the Financial Stat¢m¢nts for th¢ Year Ended 31 M8r¢h 2025 l Accounting policies Summary of SiEnifiL9Dt attollntiot poli¢ieJ attd key aCCOMDtillg estimatss ThG prinGipa] ￿￿ntIng ￿17¢1&3 applied in thc pr¢ptsrntion of finaDrial $tstements gre se¢ out below. These PK)li¢ics have been LM)nsiskntly applied to all the years pr¢sente& unless otherwisc Stxteme#* of eowplianee The financial hav< iwi aC￿1rd￿l￿ with AGci>untiDg and liwrting by Charitico: Statement of Recommended PrdCtic¢ (applK(zbl¢ to clwiues prcparing thcir aCc0th￿ in accord8nce with the Fin2nci21 Rew>rtin8 Standard applr¢¥ble in the UK 2nd Repiiblic. nf IrelAnd (FRS 102)) (issued in October 2019) - (CharitlG3 SORP (fRS 102)), thG find￿141 R¢E￿Ing Standard applicablc in thc UK Republic of Ireland (k'Kb IU2) and the LompaN￿ Act 2(Kl6. Basis of prepArntion Trelya Jneets the definiiion of a pjblic benefli undu FRS 102. and liabil1iiL￿ iiiiliaIly Tecognisaj at historical CA)St or1rdtJs&*on value uniass otherwise 5tatal tn the relevant acwuntinE p)licy notes. Gtsithg ctsllc¢r The financial statem¢nts hav¢ b¢£n prepared on a going (x)netrn b￿ls. Th¢ tr￿Ste¢S ￿3¢35 wh¢thcr th¢ of going con¢¢m ij appropritste i.e. whether there are any material unc¢￿tieS related to events or ci>tiditiolls Ihai may C￿1 significani doubi on th¢ abiliry of th¢ Lhotily iv cnntiniie L% x gning concern. The truste￿ makc this &wssment in respect of a period of one year from the date of approvtd ofth¢ finun¢ial StataL￿¢S Income and eidowmeits Voluntgry income in¢ludioB donations, le8a¢ie$ 2nd grants that provide. cnre fimrting OT are of a eeneral l]¢aLutr IJ I￿￿}15¢d whui th¢ dwity ¢ntitl¢m¢ni to thc inCA)￿& it is probable that th¢ iJk￿rne will be rec¢&ved and the amouni can be mwurtd wth sufficient reliability. DDn2tions are recogrhi￿d when the dharity hag kn notifiejl in writing nf knth the amount and settlement d*e. In th¢ cvcnt that a douation is subicrt to c4)ndition5 that rquir¢ a Icyel of pfffonnance by tht charity before the harity is cnliued ￿ the the income is defcrred and noi r¢cogniscd undl either those conditivnb at¥ fully mpt. nr the. fiilfilrnent nf th(bge thnditinn$ is wholly within the control of th¢ d￿lty and it is probabl¢ that these ¢onditiow wil] bc fidfillcd in thc rwrfiti8 perAOd. lifdnts are rec4¥gnised when the charity ha8 all entiUana)I to thc funds 8nd any ￿ndl[lOn3 linkcd Lo grdnL¥ h￿Ve. heen met. Where ￿rfnrnlancc conditions are attached to the Rrdnt and are yet to be m¢L the income is rcco8Discd liability aTMI inGlud¢d ou the balan￿ sh¢ct as d¢ferred income to be T¢le2s Property rentd Céfe andNursery incon Kental and Nursery income is rwognised wha) the dJaTiry h&8 enddemeni w th¢ fiJuds. Caf¥ i reeA)gnised on receipt. Page 20 Trety9 Not￿ to thc Finaneial Statements for the Year Ended 31 March 2025 DSt or Valuatio￿ Ic5s any estimated rwduai valu¢. ov¢r their exF*¢t¢d uselill ccowmi¢ lit¢ as follows: Ass¢t ¢lass Land and buildings Furnitur¢ and equipmcnt Motor vehicles CompulGr EquipmGnt DepreeiAtion method and r*t• 50 yeats Straight Line 20% Straighi Line 33°h Straighi Line 33% Straisht Li Tradr drblvr Trade debtOTS are amounts due from cu51omer5 for merchandi% sold or S¢rVI￿ ￿roM1ed in the ordinary course of business. 'I'rade debtors are recogmsed inits.aily at the transacts.on price. 'I"hey are SU￿eqUentiY measured at amortised cost ijsing the e.ffertive. interest methd, less Provision for Im[￿lmi￿nI. A pmvisinn fnr the impxirnient af trade dcbtors i3 f5tabli5hGd whcn thGrG 13 objGGtiVG cvidcncc that thc will not b¢ abl¢ to ￿lIC￿t all otllounts due ac¢or(h"ng to the origmal term5 of the receivables. Cx$h *ttd e*sh equiv*lents dnd Lash ¥quival￿15 LyJmpr1￿ un hdnd dnd Lall dw5i(s, Ud1￿ slyjrt-tct'in highly liquid invesknents that are readily convertible to a known amount of Ash and are subject 10 an insigniticant risk ot ch9n8e in vglu Trade tred110rs Trnde creAitnrs are nbli82tintLS In pay for e(Jo(Ls or services that have been acquired in the ordinary COUT3¢ of bUsin￿S from suppliers. Accounts payable are ci￿lfied as wrr¢nt li2biixties if the charity does not have an uncondiuonal righL at th¢ Cnd of thc rq￿rting pCri0￿ ￿ dcfcr brillun￿L uf wrdi¢vi fui ￿ Ir4tsl Lwrlv¢ months aft¢r the rerK)rting dat¢. If thcrc is an unconditional ritht to defer settlement for * least Thvelve months after the reporting d*e. they are presented as non4￿￿ liabilities. Trad¢ cr¢ditors ar¢ re￿￿Sed initially at the transaction price and 5ubs¢qu¢ndy me&sured at amorn.sed cost using the effe£tive interest met1￿mI. Fund 5tructurE Unrestricled income funds arc Eencral funds thal ar¢ available for at the tnjstees, discrelion in fi1rthe￿ of objectives of the charity. Designatd Inc￿Me fimds are fi]nds are sd aside for ilse At the tnksteeq, di8udinn in fi￿trance of the objG¢tiVCs of thc clthrity. Restricted in¢ome Funds are those graT)ts for us¢ in a F*rticuiar area or for specific purpose5, the use of which is siritt¢d to that ar¢a or purp)5C. Page 22 Tretya Notu to the FxDaD¢ial Statements for the Year Ended 31 March 2025 Pensiotts and other p￿st retiremtllt obligations Th¢ ¢harity opcratcs a dcfincd cotrtribution pcn3ion sclKme for employees. The ass¢ts of the Sche￿¢ are held separdtely from th05c olthc Clwity. PensioTr costs charges in the Statem￿1 of Financial Activitic5 rcprr&￿¢ the contributions payable by the charity during the year. Critieal accounting estimates alld judgements In the applicatiorL of the charity's accountin8 plieies. the trustets are requxred to m2Lpe estimAtpq. A￿41]mptIn￿4 and judg¢m¢nts about thr catryins valu¢ of a55cts atjd liabiliu¢3 whith nmy not bG rcadily appar¢nt frnm oth¢Y sources. The cstimat&8 aDd &s5umptiODS are b&sed partly on hÈ5toritA] expttience while judgement incorporates less empirical factors considered io be relevant such a8 the curreni and rK)tentia] futurc cconomic and wliucal environment alld the exercise of suitably cautious Prndeft￿e. The estimates and underlying ￿umptiO￿8 are reviewejj on an ongoing basi5. Revisions to ￿A)u￿tIng estimates are r¢¢ognised in th¢ pwiod in which th¢ ￿tIlnate is am¢nd¢d wh¢re th¢ change affects only that perio(4 or in th¢ pcriod of thc rcvision aud fUll￿e [Kri0￿% whcrc thc Cha￿ Emjth lU￿l oJlll luLutf PViLxI)'. The estimates. assumptions ard judgements which have the p)tetsti￿ trj gffert a materigl gdjiistrnent to the rwing Vdluc of liabAlitiGs arc ￿ follow5: f*rr*d Incomc i3 dcfcrrcd to futurc pcriod3 whcrc thc funding agrrcrneats stipulote the time period for which the funding is provide Page 23 Trelyg Notcs Éo the FinAn¢ial Statemejts for tbe Year Ended 31 March 2015 2 Income from donatio￿ and legacies Ullnstritt¢d funds Gcneral Totsl 2(125 Totsl 2024 Donations and legacies. Donations from compaDies, tr￿sts and similar pr￿teA8 Donations from individuals , including capital 8rarrts: (iovenJrn¢nt grdnts Gronts from oth¢r choriti& 37.811 16,607 17.811 16.607 5.156 49.736 98,513 4Y,736 9g,513 33.846 202,667 202.667 39,002 1 Incnrne from tb*rtt*hlt *rttvit UnrestrlcÉed funds Cenerxl Restrirte41 nds Totsl 2025 'I'otsl 21)24 Grants & donations 1.824.054 .824.054 57.221 791.672 41,995 28.657 4,180 CU￿￿11￿￿1V1vj bLTvl￿ c.afr s8le.s Sundry income 57221 32,430 89,051 1,824,OJ4 1.913,705 866,504 4 GrAnts & don#tions Unr*strieted ds Restrirt fulld Total Carefree Cornwall Cash for Kids DDC Childrcn in N C4)mic Relief CCF Cairdullia Illvtt4Iuiu C.C.F C.n%t nf l.ivÉne CCF Crisi5 Fund CCF Surviving Winter LLb' Ernily Holitho Tr'und Cornwdl CowLciI Active Cornwall Council CtL Cotmvdl CounGil Gwd GFosvth fund Cmrnwa]I Cxyuncil CA)mmunity Carjacity Grart 3.000 3,UOO 29,972 20.979 3.354 29,972 20.979 3J54 3,600 5,000 2,UUU 3.900 57.939 1218.011 3,6 s.o 2.000 3,900 57.939 1267,747 9.368 49,736 Va8¢ 24 Tretya Not&4 to the Financial Statements for th¢ Ytar Endcd 31 Marcb 2025 funds funds Total Cross Country G1&88fKKJI Hcnry Smith Histt)ric EnglaT 8,516 30,000 114,614 9,952 8,516 30,000 114.614 12.000 3U,UUU 58274 40,000 loo 2.048 30.0(K> 52274 The knthersellers. Foundation M&8onic Choritable FoundatiOD National Litcracy Tr￿t Pears Foundation Pcngancc Town Couwil Peoples, Hea]th Trt￿t Kotary Shop Sport Ensiand The Swire Charitsble TnL8t Tr￿5th0￿$C ChatAtablc Foulldation Vthlunteer CATrrnwall Youth Music Ernegt Hecht CF 40.000 100 15.( 900 14,877 1.340 6,135 44.191 5,000 18.434 44,550 115,000 13,000 7,200 4.000 4,350 1.600 I,￿0 611 21,170 14.877 1.340 6,135 44.191 18,434 44.550 115,0(N) 13.(KM) WLV Seahorse Lbarilable"Ln Tudor Ct4)xtai Europ¢ LLP Elizabeth & Prince Zaigl Smilr Tog￿￿(¥ tkntal PtartiG Mounts Bay Sea SEM)rt NHS Cornwall & Islcs of Scilly ICB Teludy Park Goifciub Sundry Donats"ons 72(X) 4.350 611 16.007 4.563 2V2,067 1.1$24.U34 2,U2b, 121 S IlleonK from othtr trading adivitses ttdÉ GtA¢ral Totsl 2025 Total 2024 Propety rental income 86,706 86,706 84,168 86,706 86,706 84,168 Page 25 Tretya Not¢s to tbe Financial Statements for th¢ Year Ended 31 March 2025 6 Oth¢r income UDre5tri¢t¢d funds Totsl 2025 Totsl 2024 Gains on di8PO8aL of tangible fixed 2&8ets for cbgritys own usr 12.444 12,444 12.444 12.444 7 Expenditure on chxritgble xe*ivitses Unrestricted funds Geaeral Rostrirtejl nds Totsl Tntsl 2024 2025 Activity Cogts..Ev2luation attd RctM)rtin£ Activity Costs'.Mobilc Phoncs ALiivily CusLbFrujKI Expcn5CS Activity Cogtsjjrojeet IxF¢ns¢s:Community Cafc Activity CostsPtojcct ExpEnsts:Good Growrth Fut Bank Charges & Sumup fees DroadbanKi t¢l¢phon¢ & ￿sta8¢ IT and website Lice￿￿e5 & subscript[0￿8 PrintiD&Ststionery & Photoeopy Irre¢ov¢rable VAI 0240 5.018 2.842 24,628 .716 89,310 30.808 92.152 180.273 37.514 27290 64,804 84.646 450 578 ?_.169 84,646 717 1,956 11.nnR 8,970 3.814 77Y 9,804 701 2,045 196.401 17.047 29,838 18.421 4,545 267 1.378 8.639 8.564 2.898 779 9.804 701 517 2,012 10.540 7.994 4,043 916 2.045 171.591 11262 9.550 421 2.467 686 989 807 EquipmcnL Rcpairs & Main Sundry Utilities Accowllancy & tKK)kkeeping Sundry Professional Fees DBb Checks Oth¢r Staff Costs Staff travel & transkK*rt costs 24.810 5.785 20288 i¥.(K 2,078 158 279 1.694 183 75.442 Y,5UU 75.345 72,143 6.335 958 1,558 3.484 6,030 663.578 39.360 1,268 2.501 3.390 638.466 89,)IKI Trdillill Wages. Nl & Pension Dor¢¢iation Allocation of ovetheads 3207 563.024 {75.345) PaR¢ 26 Trety Notes to the Financial Stat¢ments for the Year Ended 31 March 2025 UDrtstricttd Dds Restrieted Totsl 2025 Totsl 2024 ¥Ld5 398.206 923.013 lJ21.219 999.431 undtrt*ktn direedy Ae¢ivity smpport tosts 2025 Adtninistration Family Seryic GGF CoTllTnunity Hub Gul Cafe Slills Trdining Kitchen & Caté Gul Skills Development Skylar Nursery Youth WoTk 118,137 72.964 l A.241 9.120 36,482 54,72J 82,084 164.169 72,964 191,101 209.211 67.396 2,7UI 170.090 144.397 33,031 218,331 103.878 ) 1,424 252,174 308.566 105,995 810,472 510,747 I,J21,219 Withln th¢ expendiwre al]alys￿ atK)v& ttKrc arc govcrnan(c r4)S(5 of £24.297 (2024 - £Nil) whith ¢Jirecdy to charttable aclivities. See note 10 for fi]rtI￿ detsils. S Net incomingloutgoiD2 resources Net incomTrngl(owgomg) resourc￿ for the year include: 2025 2024 Audit fe Depreciation of fixed assets 12,500 89,500 39,360 9 St4ff eosts The Aggregate payroll costs as followg: 2024 Siaifwjsts durins th¢ y¢ar were: WxeEg and qalgriLq Soclal securlry o)SLS Pension costs 625.448 47,353 13.109 599.824 51.184 12.570 685.910 663.578 Notc that total staff w5ts aLy)v¢ iurludc thc 5tsff Salari￿ in¥i￿r￿1 Pa2e 27 Tretya Notes to tb¢ Financial StatCmCDts for tbe Year Ended 31 Mar¢h 2025 The monthly average numk of persons (including 5¢nior management t¢am) etnployed ty the chaTity dwing tho y￿r was as follows: 2025 2024 Averdge number ol"employtts 28 24 25 (2024- 20) of the ab)ve anployees p0rticipot¢d in the Detil￿d Conlnbutson Yension Schem¢s. Q)ntributions to the employee ￿lon schemes for the year £13.109 (2024- £12,570). No employee received ernoluments of more than £60.(KKI during the year. The totsl etnployee benefits of the key rnanagement peTsoDncl orth¢ rhariiy were £129,870 (2024- £128,880). Page 28 Tretya Notes to tbe Financial Statcmcnts for tht Year End¢d 31 March 2025 10 knalysis of governaB¢¢ aud support costs These costs hwt bttn apportioned on a per capital b*sis b￿ed on beadtount {2J'l'retya Support eosts Fundrnisitis C￿•￿*￿¢• Admini8tratinn Family Servicas GGF Community Hub (Jui Lat¢ bkn115 Training Kit¢h¢n & C*)fé Gul Skills Dcvclopmcnt Skylar NU￿rry Ynirth Wnrk 72.964 18,241 9,120 36.482 54.72J %2.nA4 164.169 71,964 6.778 1.694 847 3J89 5.083 7.625 15250 6.77X 1,47n 868 434 1,736 2,603 3.905 7.810 3.471 Tot*1 for 21125 510,747 47.441 Support eosts AlloeAt¢d to *e¢ivities Professional Offiee aod IItiITti Total Premiw Staff costs Depreciation 2025 Administration Family Scrvicc3 GGF Community Hub (jui Late Skills Trainin8 Kitshcn Lt Café Gth Skil Drvrlupthriil Skylar Nillr￿try Youth Work 3281 820 10.404 2,601 30.493 7.623 16,001 12,786 3,196 72,Y65 18.240 410 1.640 E.300 5202 3,812 15.246 1,598 6J93 9.120 36.4112 8.tM)I 2,4bl 7,803 22,809 9.589 54,723 3.691 7.382 3.281 11,704 23.408 10.403 34.304 68.608 30.493 18,¢)01 36.003 16.001 14.384 ?8.768 12.786 82,084 1A4.1fi9 72,964 22,900 72,825 213.448 112,008 89.500 510,747 Gov¢rnall¢¢ ¢osts Unrestiieted d8 G¢n¢Thl Tolgl 2025 Tot41 2024 Audit fe Audit of the financial ststements 12.500 12.500 12.500 12,500 Page 29 Tretya Notes to th¢ FinaDciAI Statements for the Year Ended 31 MArch 2025 11 Tangibk fiJed *sstts L8ttd and buildillE5 •nd u1v￿r￿l Computer ¢quipmtDt Motorvthicks Total Cost Ai l April 2024 Additinns J03,381 615.993 145.862 176.222 77,477 43,334 7.72g 830.054 DIS￿)salS (29.982) 29,982 At 31 March 2025 1.179,374 47.495 T)eprotistin Ai l April 2024 Ch8rge for the yegr Elimllth on 83.959 23,587 99277 48259 48,980 9.499 32,175 8.156 2fA.391 89,501 ?.9.9%2 (29.9112 At 31 Mar¢h 2025 107,546 147.536 28,497 40,331 323.910 Net book value At 31 March 202) 1.071,328 174,348 18,998 10.731 1270,105 At 31 Mard12024 479.422 565.063 On 2111212023. a Charse on tbe ProrKrty The Le5cudiKk Ccntr¢' was fileAI with Companies Hous¢ in th¢ name of CornwaLI County Coun¢il. Th¢ C]Jarge ¢XPAres on 311312030. Pa£e 30 Trelya Notes to the Financial Statcni¢nts for the Year Ended 31 Mar¢h 2025 12 Dtbtors 2025 2024 TrAde dehtnrq 5.851 24,813 325.228 Prepayments Other debto 11,836 114.991 355.892 145.336 13 C*8h and ¢asb ¢quivai¢Dts 2025 2024 Cash on hand Cash ai bank 1,151 16fi.471 1.214 424,935 167.622 d?.6.Id9 14 Creditor5: falling due withill one year 2025 2024 Trad¢ ￿¢ditOrs Othcr t&¥alion and social s¢(2]rity Other GreditOT5 Accn]als 9,318 9.342 3202 21.254 3,053 11.348 3,129 7.046 210,990 Deferred income 46.829 232,513 15 Ob￿l9￿0ns under leases and hire purchast fODTrn Operating le4se commitments Tu(￿ rULU￿ ]nIn1￿U￿ IrtL%r ulla￿ UUU*4uuKllubl¢ It&￿ a& folloiv5: 2025 iaDd and buildinES Within on¢ year B¢twc¢n on¢ and fiv¢ y¢at5 Aftcr fiv¢ ycars 20.180 162,581 187,761 Page31 Tretyg Notes to the Financial SÉatcm¢nts for the Year Ended 31 Mareh 2025 16 Cbarity status Thc charity is a company limited by guardntee and consequently does not have share L7pitsi. Each of the Trnswes Is Ilable 10 contributr an amouttt no( cxcccdiD¥ £0.01 iuwur&¥" Uir a$￿ts of thr GhaTity iti th¢ cvcnt of liquidatio 17 Funds Balllnce at 31 March 2025 Bal*o¢e *t I Intoming April 21>24 resourees Reso•r£es expended Transfers Unrestri¢ttd fynds 348,806 392.764 (398,206) 228,530 571,900 DesiRnllled Propcty devclopmcnt fimd Building fund 50.000 479.422 (50,000) 592.406 542.406 1071 ¥2¥ 529.422 1,071828 Totsl unrertricted fund 878,228 392.764 398.20 77n 91?. 1.fi41.72R R¢$tricted httds Administration fi￿d FiWLily Scrvfftics CK.F CJ)mmunity Hllh GUI Cafe Sklus Training Kitchen & Cafe (Jul bkn.lls Development Slcylar Nur3¢ry Youth work fill 25.792 345 119.194 134,557 983.009 78,820 15,588 196,567 214.697 81.622 (144.986) (71.221) (212.06 (78,820) (14,838) (196.837) (195,807) (55,881) 63.681 {77n,942) 750 270 18,890 Totsl restrieted fllllds 26,407 1.824.ll54 (97n.4S 770,942) 109.062 TotAI fttnds 904.635 2216.818 (1.368.663) I.752.7￿) Page 32 Tr¢lyg Not￿ to thc Finan¢ial Ststements for the Year Ended 31 March 2025 B*]*nce at I April 2023 JnCoThi￿t Rewurre oxpeDded JI March 2024 Trdn5f¢rs Unrestricted ￿Trds G￿tr Generat fimd 297.821 152.814 (113.097) 1126g 348.806 Property developmurt li]nd Building fillml 50.1)00 490,690 50,000 479,422 (11268) 540.690 (11,268) 529,422 Totsi uDrestrkned fvnds 838.511 152,814 (113,09 878,228 Rutricted Adtninistration fill]d Family Servittq QQF Cornmunlry Hub Gul Cafe Skills 98,877 51.103 7b,4(M) 44.619 21.309 181,740 144.359 64,027 154.511_1 (73,085) {59.830) {76.41KI) {44.619) (24.165) (181,470) (175.524) (96,428) (154.Al.I 25,792 345 9.072 Training Kitchen & Cate Gul Skills D¢v¢lopm¢nt Skylar Nurstry Youth work fi]nd Athion Lcscudjack 1856 270 31.165 31.801 Tot%1 rtstrict•d fund8 74.894 837.847 (886.334 26.y107 Totsl 913.405 990.661 (￿9,411) 904.635 The %￿lfie fnT whic.h the. fimdq Arp. to ￿. applipA Arp. 8$ fi)Ilows' Aaion Lescudjack Is a mulll4Jisciplinary Lxjmmuniry hub proje The Family Services fi]nd is for Trelya's activities d¢liv¢red to familie5 as a whol< throuRh its '3604eRree holtstic f2mily approach,. as oppsed to specific targeted Youth and Early Years work OOF Cuiiiiiiwuty Hub IJ a Jrrirs vfwiLai iv d¥v¥lvp Tr¥lya c4J￿￿un1LY Hub (iul Late bkn.lls is an intensive supN)rt pro￿a￿￿e to increase employability in the hospitslity sector of DArticipants. Thc Training Kitchcn & Caf6 in¢lud¢s fimding to thc ￿r¢ and wid¢ frG¢ or subsidisrd m¢als to famili¢s at Trely& Gul Skills Development- an inteL8iV¢ SuP￿rt progrdmtne to increase employability in 8dults. The Skylar Nur&ery fimd in¢lud¢s grants received sp￿ifiCallY to nm Trelyo's Eorly Yeors progr0t￿M￿ Tlir YuuLti WvTk lund illLludc5 grdllLS rccclY￿ stKcifjcally for thts work progrdmme. Tbe Administrdtion fillld is for fimding Teeeived where all or part of the funding is for Admin cos Designated funds: The Yroperty dcvclopmart lund was to set aside tunts for fillure buildi￿ works. The Ruilding fiind reprwits the net knok value of the Pa2¢ 33 Trelya Not¢5 to the Financial Statements for thc Year Ended 31 Morcb 2025 The transfer of £50,000 from the designated Proiw DevelopTncnt fund reflects the fi￿d being u8ed during thc yrar. The trdnsfer of £770,942 from the GGF Community Hub reflects two cl¢tnents. £799,943 is transftrrcd lo, the General fund to rcflcct the net book value of fixd ￿Sets purchas￿1 through the the use ol wlllch arc [￿1 subject to #ny TeÈtrictiOT4 £29.￿1 is trgt)sferred 'fTom' the General fund as match fijndtng to effjver thp exc24 ¢xp¢nditur¢ within thc CGF Community Hub fillML 18 A#Atyxis of net #￿ets belwtttt hnds Ullrtstrittrd 2025 Total fvnds Gelleral l)esizn*ttd Restricte41 Tangiblc fjxcd asscts Current &8s¢ts Cutruit liabiliti 204277 410.590 42,967) 1,071.828 1,276.105 523.514 {46,829) 112.924 3,862 Total net &8sets 571.900 1,071,828 109,062 1,752,790 2024 Total ￿lld5 De5igDated R¢strict Tgngible fixed assets Lurrent assets Currcnt liabiliti 86241 265.694 3,129 479,422 50.IM)O 565,663 571,4¥5 232.513) 255.791 (229,384 26,407 Total nct a55ets 348,806 529.422 904.635 19 Trnstees remulleration and t￿￿•￿t5 No trusiees, nor any persons c4)nnected with Ihem. have receiveA any TanUne￿lOn from the chariry the No trustees have received any reimiwsed cKtKnscs or any othff ba)efits from the charity during the year. Pa2¢ 34 Tretyyd Notes to tbc Financial Stat¢m¢nts for tbc Yvdr EDded 31 March 2025 20 Rtl*ted party During the year the charity rnadc thc following reEatd party transactions: Rebecc4 Wilson {employtt) R¢bM-Ga is di¢ daugli(¢i of Caolin¢ Wh￿10￿ (TnLrtc4 until 12 August 2025). At the balance sheet date the amount duc tolfrom ReiKC￿ Wilson (etnployee) £Nil (2024- ￿￿). Biba Willis {employee) Biba is the step daukhkr of Ni2el Wa]ker cfn]stee U￿11 IW0612025). At th¢ balanc¢ sh¢¢t dat¢ th¢ amount due tolfrots) Biba Willis (employee) vrds £Nil (2024- £Nil). Thou￿¥ Deigall-Penh%ul (employee) Tho￿a3 15 thr sQtL of Amhony PGnhaul (Tru*ee until 0410312025). At thc balanc¢ sheet ijate the amount du¢ tolfrom ThomLS DeIg&FPo]Iw￿ (employce) wa5 £NII (2024- £Nll). R¢latrd Party aw¢kat¢ staff costs during th¢ year were: Wage8 & salaries £21,186 SvLidl SrL'urily wJL% £1,773 Pension costs £313 21 Allditon. remuneration 2025 2024 Aiidit nf the financial 12.500 Page35