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|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|Strategic Report||||
|Trustees' Report|||3to15|
|Independent<br>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|





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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 con￿rn basis of accounting unless th8 trustees either intend to I￿]Uld￿le 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 aggr￿al8,
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<￿F￿1ance 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 c*pabte of detecting
irregularities. indudlng fraud is detailed below..
Discussion wlth manag8mont ag to how Complian￿ with these laws arKI regulations is rnonilored"
Enquiries of rnanage￿nl conceming aciual aThJ potenthql litigalion and daims",
Perfomiing an￿Y￿¢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 C￿￿e$pc￿den￿ wilh regulators.,
Perforniing audit wrmk in connecllon WFth the risk of management ove￿Ide of controls, Including
testing journal entries for reasonablené&s and evaluating the bLtsiness rats"onal8 of $Sgniftcant
trans8Ctions outside the normal r￿u[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 indicati￿S 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 nOn￿MplIS￿ee 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￿, Omi￿on 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<c￿i-a￿ce1st￿r..daIrfS.
ji(taiic£￿I0-._aIJ￿[l￿yslAudrtOr¥1￿￿Onsi?11..tlCs-tOr-aUdlL,.ry-
lor-?Iidil.a5
. This descriplK)n forns part of our auditols repK)rL
311drto.-o..[&k
Page 18

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|||Re|cognis|ed<br>Gains and|Losses)|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|funds|funds|2022|
||||Note|||||
|Income and Endowments||from:||||||
|Donations<br>and legacies||||9,839|||9,839|
|Charitable<br>activities||||903,739|55,956||959,695|
|investment<br>income||||13,711|||13,711|
|Other income||||15,946|||15,946|
|Total income||||943,235|55,956||999,191|
|Expenditure<br>on:||||||||
|Charitable<br>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<br>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<br>activities||||584,848|55,067||639,915|
|Investment<br>income||||15,231||10|15,241|
|Other income||||24,456|||24,456|
|Total income||||832,022|55,067|10|887,099|
|Expenditure<br>on:||||||||
|Charitable<br>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<br>in funds||||53,146|(20,355)|34,126|66,917|
|Reconciliation<br>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<br>part||ofthese financial|statements.||





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|||||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|





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





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





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|4<br>Income|fr|om c|haritable<br>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<br>In|vestment<br>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|





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|6<br>Other income|6<br>Other income||Unrestricted<br>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|





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|7<br>Expend|itu|re<br>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,<br>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|





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|11Staffcosts<br>The aggregate<br>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<br>whose emoluments<br>f|ell within the following bands was:||
|---|---|---|---|---|
||||2022|2021|
||||No|No|
|f60,001|-|670,000|1|1|





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|13Tangible fixed assets|||||
|---|---|---|---|---|
||Land and|Furniture<br>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<br>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|





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|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|





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|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|



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





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|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<br>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<br>f|expended|March 2021|
|Unrestricted|funds|||||
|General||||||
|Unrestricted|funds|734,042|832,022|(778,876)|787,188|
|Restricted||||||
|Restricted<br>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|





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



|21 Analysis ofnet assets|21 Analysis ofnet assets|between funds||||
|---|---|---|---|---|---|
|||Unrestricted||Endowment|Total funds at 31|
|||funds|Restricted|funds|March|
|||General<br>f|funds|Expendable<br>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<br>f|Expendable<br>f|2021<br>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|



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