2022-03-31-accounts - Cornwall Mobility Centre Limited

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Reference and Administrative	Reference and Administrative
Strategic Report
Trustees' Report		3to15
Independent Auditors'	Report	16to 19
Statement of Financial	Activities	20to 21
Balance Sheet		22
Statement ofCash Flows		23
Notes to the Financial	Statements	24 to 38

Independent Auditorfs Report to the Members of Comwall Mobility Centre Limited In preparing the financial statements, fhe Irustees are resfvxjnsibk for assessing the ¢harilable company's abilty lo continue as a going concem, disd05ing. as applicable, matters related to gcmng concem and using the going conrn basis of accounting unless th8 trustees either intend to I]Uldle the tharitsble company or to cease operations. or have no realistic altemalive but to do so. Audltor responsibilities for the audlt of the financlal statoments Our objectives are to obtsn reasonable as5uran ab)ut wwer the fmnoal ststements as a whde are free from material misstatemenl, whether due lo fraud or error. and to issue an auditorfs repcrt that indLtde8 our oplnion. Reasonable assurdnrt is a high level of assurance, but is not a guarantee that an audit conducted in accordan with ISAS (UK) wll always detect a material misstatement when tt exists. Misstatements can arise from fraud or error and ar& consKlered materi81 rf. indTrwdually or in the aggral8, they could reasonabty be expected to influence the economic decisions of users taken on the basis of these nanual slalements. Irregularities. induding fraud, ere instsnces of r)n<F1ance wilh laws and wulation5. We design procèdures in line wtth our respons)ilitres, ouuiwled atove. to detect malerHI mi%st81ements In respect of irregularilios, including fraud. As part of our audit work, w8 obtsined an undet5tsnding of the legal and regulatory frameworks applicable to the tharity and the sector in which they operate. We delerniined that the laws and regulations most significant lo the charity indude MplIanCe wth Health & Safety and GDPR, as well as the laws and regulations that have a direct impact on the pieparath)n of the financial statements such as the Charities Act 2011, the Companies Act 2006 and comrAiance wth the Charities Slat8ment of Recommended Praetice. The speufic procedures for this engagement arKI the extent io these are cpabte of detecting irregularities. indudlng fraud is detailed below.. Discussion wlth manag8mont ag to how Complian with these laws arKI regulations is rnonilored" Enquiries of rnanagenl conceming aciual aThJ potenthql litigalion and daims", Perfomiing anY¢81 procedures to idenlfy any unusual or unexpected lationShipS that may indicate risks of material misstalemenl due to fraud.. Reviewing minutes of trustee meetings and Ce$pcden wilh regulators., Perforniing audit wrmk in connecllon WFth the risk of management oveIde of controls, Including testing journal entries for reasonablené&s and evaluating the bLtsiness rats"onal8 of $Sgniftcant trans8Ctions outside the normal ru[Se of business. We also communicate relevant idenlrfied laws and regulation5 and potential fraud risk to all engagement tèam members and remain alert to any indicatiS of fraud or non-wmpliance with laws and regulations throughout the audil. Because of the inherent limilations of an audit, Iherg is a risk thatwe will rK>I detecl au irregularities, including those leading to a malerial mis51alement in the financial stslements or nOnMplISee WEth regulation. This risk increases the more that compliancewrth a law or regulation is remov•J from the events and transactions rellected In th& financial statements. as we will be less likety to bec4)rrt awa of irthnces of non- c&PIlanC. The risk is also greater regarding irregularities ctcurrtng due to fraud ralher than 8rror, as fraud involves intenlional concealment, forgery, collus, Omion or misrepresentstion. A fijrthor description of our responsibilities for the lIt of the financial ststements is located on Ihe Finanaal Reporting Council's websAte at: i.,t s"I,kn l<'r..tsfQ I,.LICiir-'Noi-LIAudillAiJdit-and-a<ci-ace1str..daIrfS. ji(taiic£I0-._aIJ[lyslAudrtOr¥1Onsi?11..tlCs-tOr-aUdlL,.ry- lor-?Iidil.a5 . This descriplK)n forns part of our auditols repK)rL 311drto.-o..[&k Page 18

		Re	cognis	ed Gains and	Losses)
				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	2022
			Note
Income and Endowments		from:
Donations and legacies				9,839			9,839
Charitable activities				903,739	55,956		959,695
investment income				13,711			13,711
Other income				15,946			15,946
Total income				943,235	55,956		999,191
Expenditure on:
Charitable activities				(990,958)	(51,811)		(1,042,769)
Support costs				(15,901)	(23,498)		(39,399)
Total expenditure				(1,006,859)	(75,309)		(1,082,168)
Net (losses)/gains	on investments					{3,278)	(3,278)
Net expenditure				(63,624)	(19,353)	(3,278)	(86,255)
Net movement in funds				(63,624)	(19,353)	(3,278)	(86,255)
Reconciliation of	funds
Total funds brought	forward			787,188	227,738	371,904	1,386,830
Total funds carried	forward		20	723,564	208,385	368,626	1,300,575
				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	2021
			Note
Income and Endowments		from:
Donations and legacies				207,487			207,487
Charitable activities				584,848	55,067		639,915
Investment income				15,231		10	15,241
Other income				24,456			24,456
Total income				832,022	55,067	10	887,099
Expenditure on:
Charitable activities				(766,443)	(56,032)		{822,475)
Support costs				(12,433)	(19,390)		(31,823)
Total expenditure				(778,876)	(75,422)		(854,298)
Net (losses)/gains	on investmenis					34,116	34,116
Net income/(expenditure)				53,146	(20,355)	34,126	66,917
Net movement in funds				53,146	(20,355)	34,126	66,917
Reconciliation offunds
Total funds brought	forward			734,042	248,093	337,778	1,319,913
Total funds carried	forward		20	787,188	227,738	371,904	1,386,830
The notes on pages 24			to 38form an integral part		ofthese financial	statements.

				Balance Sheet as at	31 March 20	22
						2022	2021
					Note	E
Fixed assets
Tangible assets					13	426,696	415,831
Investments					14	560,944	570,488
						987,640	986,319
Current assets
Stocks					15	65,568	67,781
Debtors					16	187,066	107,947
Cash at bank		and	in hand		17	333,337	489,272
						585,971	665,000
Creditors: Amounts				falling due within one year	18	(273,036)	(264,489)
Net current	assets					312,935	400,511
Net assets						1,300,575	1,386,830
Funds ofthe		charlity:
Endowment,		funds				368,626	371,904
Restricted	income funds
Restricted funds					20	208,385	227,738
Unrestricted		income		funds
Unrestricted	funds					723,564	787,188
Total funds					20	1,300,575	1,386,830

Statement o	fCash Flow	s for the	Year Ende	d 31 March 20	22
				2022	2021
			Note		f
Cash flows from operating activities
Net cash (expenditure)/income				(86,255)	66,917
Adjustments to cash flows from noncash		items
Depreciation				23,498	20,355
Investment income				(13,711)	(15,241)
Profit on disposal oftangible fixed assets				(562)
Loss/(profit) on disposal ofinvestments				3,285	34,116
				(73,745)	37,915
Working capital adjustments
Decrease/(increase) in stocks				2,213	(6,452)
Increase in debtors				(79,119)	(57,531)
Increase in creditors				8,547	133,604
Net cash flows from operating	activities				107,536
Cash flows from investing activities
Acquisitions oftangible assets				(38,926)	(8,822)
Proceeds from sale oftangible	assets			5,125
Acquisitions ofinvestments				(54,739)	(47,203)
Proceeds from sale of investments				60,998	44,626
Dividend income				13,711	15,241
Net cash flows from investing	activities			13,831	3,842
Net (decrease)/increase in cash and cash equivalents				(155,935)	111,378
Cash and cash equivalents at	1 April			489,272	377,894
Cash and cash equivalents at	31 March			333,337	489,272

3 Income	from donations	Unrestricted funds	Total		Total
		General	2022		2021
					Z
Donations	and legacies;
Donations	from individuals	8,209		8,209	89
Grants, including capital grants;
Government grants		1,630		1,630	207,398
		9,839		9,839	207,487

4 Income	fr	om c	haritable activities
				Unrestricted
				funds	Restricted	Total
				General	funds	2022
						f.
Assessments		and	tuition	469,110	52,616	521,726
Equipment	supply,		repair and adaptation	419,476	3,340	422,816
Other trading		activities		15,153		15,153
				903,739	55,956	959,695
				Unrestricted
				funds	Restricted	Total
				General	funds	2021
Assessments		and	tuition	325,380	52,475	377,855
Equipment	supply,		repair and adaptation	252,468	2,592	255,060
Other trading		activities		7,000		7,000
				584,848	55,067	639,915

5 In	vestment income
		Unrestricted	Endowment
		funds	funds		Total
		General	Expendable		funds
		Z
Other	income from fixed asset investments	13,711			13,711
Total	for 2022	13,711			13,711
Total	for 2021	15,231		10	15,241

6 Other income	6 Other income		Unrestricted funds	Total	Total
			General	2022	2021
Secondment	income		15,360	15,360	24,150
Gains on sale	oftangible	fixed assets for charity's
own use			562	562
Sundry income			24	24	306
			15,946	15,946	24,456

7 Expend	itu	re o	n chari	table	activities
						Activity
						undertaken	Grant funding
						directly	ofactivity	2022
								f.
Assessments		and	tuition			503,042	48,471	551,513
Equipment	supply,		repair	and	adaptation	487,916	3,340	491,256
						990,958	51,811	1,042,769
						Activity
						undertaken	Grant funding
						directly	ofactivity	2021
Assessments		and	tuition			445,144	52,475	497,619
Equipment	supply,		repair	and	adaptation	321,299	3,557	324,856
						766,443	56,032	822,475

8 Supportcosts
	Unrestricted
	funds	Restricted	Total
	General	funds	funds
Audit fees
Audit ofthe financial
statements	1,721		1,721
Other fees paid to auditors
	2,179		2,179
Legal fees	12,001		12,001
Depreciation, amortisation
and other similar costs		23,498	23,498
Total for 2022	15,901	23,498	39,399
Total for 2021	12,433	19,390	31,823

			2022	2021
			f.	f.
Audit fees			1,721	1,700
Other non-audit		services	2,179	2,725
Loss/(gain)	on disposal ofinvestments		3,278	(34,116)
Depreciation	offixed assets		~2349	20 355

11Staffcosts The aggregate payroll costs were as follows:
	2022	2021
Staff costs during the year were:
Wages and salaries	561,603	527,641
Social security costs	44,426	40,455
Pension costs	11,754	10,743
	617,783	578,839

by the charity during the year was as follow	s:
	2022		2021
	No		No
Management		2		2
Administration		4		4
Other		21		21
		27		27

The num	be	r ofemployees whose emoluments f	ell within the following bands was:
			2022	2021
			No	No
f60,001	-	670,000	1	1

13Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Motor vehicles	Total
Cost
At 1 April 2021	465,000	240,168	60,524	765,692
Additions		33,276	5,650	38,926
Disposals		(30,064)	(10,993)	(41,057)
At 31 March 2022	465,000	243,380	55,181	763,561
Depreciation
At 1 April 2021	74,400	216,746	58,715	349,861
Charge for the year	9,300	12,138	2,060	23,498
Eliminated on disposals		(25,501)	(10,993)	(36,494)
At 31 March 2022	83,700	203,383	49,782	336,865
Net book value
At 31 March 2022	381,300	39,997	5,399	426,696
At 31 March 2021	390,600	23,422	1,809	415,831

14Fixed asset investments
	2022	2021
		f.
Other investments	550944	570488
Otherinvestments
	Listed
	investments	Total
Cost orValuation
At 1 April 2021	570,488	570,488
Additions	54,739	54,739
Disposals	(60,998)	(60,998)
At 31 March 2022	564,229	564,229
Provision for impairment
Charge for year	(3,285)	(3,285)
At 31 March 2022	(3,285)	(3,285)
Net book value
At 31 March 2022	560,944	560,944
At 31 March 2021	570,488	570,488

15Stock	2022	2021f
Stocks	65,568	63,622
Work in progress		4,159
	65,568	67,781
16Debtors
	2022	2021
Trade debtors	118,908	12,686
Prepayments	63,085	90,130
Other debtors	5,073	5,131
	187,066	107,947

		2022	2021
Cash on hand		1,974	1,441
Cash at bank		331,363	487,831
		333,337	489,272
18Creditors: amounts	falling due within one year
		2022	2021
Trade creditors		112,953	39,615
Other taxation and social	security	11,445	10,847
Other creditors		7,211	11,220
Accruals		141,427	202,807
		273,036	264,489

	2022	2021
Within one year	1,494	4,842
Between two and five years		1,494
	1,494	6,336

20 Funds
		Balance at1	Incoming	Resources	Balance at 31
		April 2021	resources	expended	March 2022
Unrestricted	funds
General
Unrestricted	funds	787,188	943,235	(1,006,859)	723,564
Restrictedfunds
Restricted funds		232,046	55,956	(76,978)	211,024
Revaluation	reserve	(4,308)		1,669	(2,639)
Total restricted funds		227,738	55,956	(75,309)	208,385
Endowment	funds
Expendable
Endowment	funds	371,904		(3,278)	368,626
		371,904		(3,278)	368,626
Total funds		1,386,830	999,191	(1,085,446)	1,300,575
		Balance at 1	Incoming	Resources	Balance at 31
		April 2020	resources f	expended	March 2021
Unrestricted	funds
General
Unrestricted	funds	734,042	832,022	(778,876)	787,188
Restricted
Restricted funds		254,070	55,067	(77,091)	232,046
Revaluation	reserve	(5,977)		1,669	(4,308)
Total restricted funds		248,093	55,067	(75,422)	227,738
Endowment	funds
Expendable
Endowment	funds	337,778	34,126		371,904
		337,778	34,126		371,904
Total funds		1,319,913	921,215	(854,298)	1,386,830

The restricte	d fund consists ofthe	following ba	lances as at 3
DFT			f203,128
DFT revenue Lions Club Forum StMawgan	grant Eccentric Gentlemans	Assoc.	f4,145 f59 f2,364 f 1,328

21 Analysis ofnet assets	21 Analysis ofnet assets	between funds
		Unrestricted		Endowment	Total funds at 31
		funds	Restricted	funds	March
		General f	funds	Expendable f	2022f
Tangible	fixed assets	218,311	208,385		426,696
Fixed asset investments		192,318		368,626	560,944
Current	assets	585,971			585,971
Current	liabilities	(273,036)			(273,036)
Total net assets		723,564	208,385	368,626	1,300,575
		Unrestricted		Endowment	Total funds at 31
		funds	Restricted	funds	March
		General	funds f	Expendable f	2021 f
Tangible	fixed assets	188,093	227,738		415,831
Fixed asset investments		198,584		371,904	570,488
Current	assets	665,000			665,000
Current	liabilities	(264,489)			(264,489)
Total net assets		787,188	227,738	371,904	1,386,830