**Company No. 05178212 Charity No. 1105270**
## **CORNWALL REFUGE TRUST**
## **A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2024**
**PHILLIPS FRITH LLP CHARTERED ACCOUNTANTS REGISTERED AUDITORS 9 TREGARNE TERRACE ST AUSTELL CORNWALL**
**CORNWALL REFUGE TRUST**
**Page 1**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|**CONTENTS**
Trustees and Advisers
Trustees’ Annual Report
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements|**Page**
2
3 - 9
10
11
12
13
14- 28|
|---|---|
**CORNWALL REFUGE TRUST TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024**
**Page 2**
## **PRINCIPAL AND REGISTERED OFFICE�**
## **SOLICITORS**
Cornwall Refuge Trust PO Box 80 TRURO Cornwall Registered Number: 1105270 Company Number: 05178212
Stephens Scown Solicitors LLP 1 High Cross Street ST AUSTELL Cornwall PL25 4AX
## **TRUSTEES**
## **BANKERS**
Karen Furness Kate Hamilton Pam Thurlow Nicky Houghton Sarah Shobrook
HSBC Bank Plc 17 Boscawen Street TRURO Cornwall TR1 2QZ
## **COMPANY SECRETARY**
Kate Hamilton
## **MANAGEMENT COMMITTEE**
## **INDEPENDENT EXAMINERS**
Phillips Frith LLP 9 Tregarne Terrace Cornwall PL25 4DD
Karen Furness - Chair Pam Thurlow - Accounts Liaison Trustee Kate Hamilton - Vice Chair ST AUSTELL Nicky Houghton Cornwall
Helen Luetchford Sarah Shobrook Ellen Richards Stephanie Coole
**CORNWALL REFUGE TRUST TRUSTEES' ANNUAL REPORT**
**Page 3**
## **FOR THE YEAR ENDED 31 MARCH 2024**
The Trustees have pleasure in presenting their report and financial statements for the year ended 31 March 2024, which we also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity registration number: 1105270 Company registration number: 05178212**
## **Principal Office and Advisors**
These are detailed on page 2.
## **Trustees**
The names of trustees serving during the year and since the year end are shown on page 2.
## **Legal Status and Governing Document**
Cornwall Refuge Trust (previously Cornwall Women’s Refuge Trust) was incorporated by the Memorandum & Articles of Association dated 13 July 2004 as amended by special resolution on 18 February 2016. The Trust is a company limited by guarantee (registered number 05178212) and does not have a share capital. The Trust is also a registered charity (registered number 1105270). In accordance with Section 60 of the Companies Act 2006, the word ‘limited’ is omitted from the name. The liability of the members who constitute the Trust is limited to £1 per member.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Trust is run by a Board of Trustees. The Trustees are also directors of the company for the purposes of the Companies Act 2006.
## **CORNWALL REFUGE TRUST STRUCTURE**
DIRECTORS/TRUSTEES
MANAGEMENT COMMITTEE TRUST MANAGER
STAFF, VOLUNTEERS AND SERVICE USERS
**Page 4**
## **CORNWALL REFUGE TRUST TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)**
The day-to-day management of the Charity is delegated to the Trust manager Ellen Richards, who is assisted by the project managers for each of the projects. The Trustees meet as a full board at least six times per year including the Annual General Meeting to ensure that the governance of the Charity is implemented, to discuss the strategic direction of the Charity, to monitor financial performance, risk, human resources and operations, and all decisions reached are done so by a majority vote.
## **Appointment and training of Trustees**
As set out in the Articles of Association, the Trustees are nominated by the existing management committee members. They are then invited to join the Trust by the Trust manager. The number of Trustees shall be not less than three. Trustees are invited to attend Trust training but the majority are already sufficiently experienced.
## **Pay policy for senior staff**
All Trustees give of their time freely and no trustee received remuneration in the year. The pay of the senior staff is reviewed annually by the Management Committee. Salaries are set based on a pay scale and increment pay rises are given where employees have moved to a higher point on this scale.
## **PURPOSES AND ACTIVITIES**
## **The purpose of the Charity**
The relief of poverty and distress among men and women who experience domestic violence and the children of those men and women.
## **Mission Statement**
_‘Cornwall Refuge Trust provides a safe, supportive environment for men, women and children who have escaped domestic abuse. We offer support and advice empowering the person for a safer and happier future.’_
## **Aims of Charity for the public benefit**
- To offer refuge to men, women and children who have escaped domestic abuse.
- To offer emotional support to the men, women and children who have come to the refuge and when they resettle in the community.
- To offer practical help to men and women who have come to the refuge.
- To offer support to all victims of domestic abuse in the community.
- To work with our partners to raise awareness of domestic abuse as an issue and how best to address it.
- To support team members so that we can work to our full potential.
**Page 5**
## **CORNWALL REFUGE TRUST TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Aims of Charity for the public benefit (continued)**
Our objectives to accomplish the above aims are:
- To manage the men’s and women’s refuges offering temporary accommodation to men, women and their children who are victims of domestic abuse.
- To provide comprehensive needs-led support to residents and therapeutical support to children in refuge.
- To provide a domestic abuse counselling project for all victims of domestic abuse over 16 years of age.
- To provide resettlement support to residents as they leave refuge to resettle in the community.
- To provide high quality advice and support to callers on the 24-hour domestic abuse helpline.
- To attend relevant forums and meetings to ensure CRT is kept up to date on local and national domestic abuse strategic planning.
## **OVERVIEW**
Over the past 12 months we have continued to deliver high quality services and support to service users, including face to face and helpline support. We have continued to ensure that a high percentage of our income goes on frontline service delivery and have maintained consultation with service users at all times.
We have been able to maintain a service delivery for all projects by successful funding applications and working closely with the Local Authority, Cornwall Council. Our core business of refuge provision has been maintained for our female and male refuges, our children and families work and our resettlement programme, by the Local Authority. Our 24-hour domestic abuse helpline was also partly funded by the Local Authority up to the end of March 2024.
Our Resettlement Project, which supports our residents as they leave refuge to set up homes in the community, greatly improves the likelihood of a successful outcome for families and individuals once they have left the refuge.
Our Waves Counselling Project, which offers domestic abuse counselling to anyone in the community over 16 years, was partly funded by the Local Authority via First Light up to the end of June 2023, and by the Tudor Trust up to the end of September 2023.
We have 8 Management Committee members, 5 of whom are Directors and Trustees, all offering their time and specialist skills voluntarily.
We have had a staff team of between 12 and 15 over the year, including full-time and part-time staff.
Our Waves volunteer programme has been rebuilding over the year and we had 50 volunteer counsellors by the end of the year. We have had no refuge volunteers this year but have now reopened our refuge volunteer programme.
## **PUBLIC BENEFIT**
The Trustees have complied with their duty to have due regard to guidance published by the Charity Commission on the operation of the Public Benefit requirement.
**Page 6**
## **CORNWALL REFUGE TRUST TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
We have been awarded the following grants:
- Cornwall Council (Local Authority) - Women’s Refuge, Male Refuge, Child and Family Work, Resettlement Project and part funding for the 24/7 Helpline.
- First Light Southwest Ltd - part funding for the Waves Counselling Project (ended June 2023).
- Tudor Trust - From October 2019, initially for the Refuge Resettlement Project, the final year payment for the Waves Counselling Project delayed by one year until October 2022 due to the underspend in years 1 & 2, ended September 2023.
- Big Lottery Awards for All - funding for Norda Child and Family Work (received October 2018 funding was initially for 1 year but some funds remain).
- Cornwall Community Foundation - Crisis Fund Grant - to assist with crisis expenses for residents.
- Cornwall Community Foundation Surviving Winter / Cost of Living Grant (including DWP Household Support Grant) – to distribute to families and individuals in need (food, energy & water costs etc)
- Acts 435 - funding for ad hoc residents’ needs (e.g. essential clothing, travel, mobile phones, moving costs, curtains and carpets for new homes)
- VCSE Health Improvement Fund – grant towards the Waves Counselling Project
- Buttle UK - grants for children and young people who have experienced a crisis that has had a significant impact on their wellbeing and educational engagement
- Women's Aid Emergency Fund - grants for specific residents to help with cost of living and resettlement
We have again received many one-off financial donations this year from individuals and community groups. Additionally, we have received Gift Aid and some regular donations. In-kind donations include assistance from Hidden Help who supply furniture and home goods for residents moving out of refuge. Several church and community groups offer continued support with clothing, toiletries and homeware for both male and female residents and those moving out into the community. We are also well supported by the community for Easter and Christmas, helping our service users to enjoy these celebrations.
Cornwall Refuge Trust (CRT) projects have achieved the following service figures:
- Refuges - 31 adults and 24 children received comprehensive residential support (2022/23: 36 adults and 20 children)
- The Resettlement Project – 9 families and 7 single adults were successfully supported to resettle in the community (2022/23: 11 families, 18 single adults).
- The Helpline – 2,232 support calls received or made within our 24-hour service (2022/23: 2,870)
- The WAVES Project - 295 clients received counselling (2022/23: 725, fewer clients were seen this year due to reduced funding for this project)
**CORNWALL REFUGE TRUST TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
**Page 7**
## **ACHIEVEMENTS AND PERFORMANCE (CONTINUED)**
## **The Women’s Refuge and Norda House**
The level of support offered when entering our refuges is very comprehensive. From the point of receiving the referral, we assist with safety planning for the person or family to leave their abuser and area of risk. We support them to arrange safe transport and their rooms are prepared with welcome packs for both adults and children. Residents are supported to access benefits, including housing benefit, GP services and schools. We ensure emotional needs are met by offering support, a listening ear and a friendly welcoming environment.
For the period of their stay our residents are appointed a key worker who meets with them regularly and offers individual needs-led support for single adults and families. Support is offered to children and young people with therapeutic sessions, outings, activities, birthday and seasonal events and treats.
Additional services are offered by the refuges when residents are moving out to support them in establishing new homes in the community. These additional services include providing furnishings, emotional support on moving, support for children and young people, help with getting to know the community, accessing services and school placements.
The refuge and resettlement staff are dedicated, hardworking people who are passionate about what they do and go the extra mile in supporting residents.
We are restarting our refuge volunteer programme in the coming year. In the past we have had refuge volunteers from all walks of life and are able to offer varied experience and training opportunities.
## **The WAVES Counselling Project**
The Waves Counselling Project has one full-time Coordinator / Project Manager who recruits, trains and supervises all counselling volunteers and sessional workers.
Our counselling volunteers are mainly students studying counselling who are required to gain experience in counselling. We also use qualified self-employed counsellors as sessional workers to assist the Waves manager in taking referrals and processing assessments, and to provide additional counselling sessions.
## **Donated services**
Donated services were received from Phillips Frith LLP who do not charge for processing our wages and payroll. We have several community groups (including the Rotary Club, Inner Wheel Club, Lions Club, the Soroptimists, Women’s Institute, Mothers’ Union and many church groups and local businesses) who have donated to general funds, residents’ support and the children’s project, as well as gifts for adults and children, household items, money for school uniforms and funds for Christmas and Easter celebrations. Additionally, we received financial donations from individuals and donated items which were offered to refuge residents to assist in their resettlement.
**CORNWALL REFUGE TRUST TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
**Page 8**
## **CURRENT STATUS AND FUTURE PLANNING**
Cornwall Refuge Trust will continue to deliver high quality, life changing services to those who have experienced domestic abuse. We continue to work closely with the Local Authority and other DASV providers to ensure our services continue and our high standards of support are maintained.
We plan to continue to offer excellent support to all those who enter our projects. We have a very dedicated team of staff and volunteers who have specialist skills and a work ethos that is outstanding.
We were successful in securing the Cornwall Council tenders for both male and female refuge provision (including children and families and resettlement work) for four years from April 2024, with the possibility of these contracts being extended for a further six years.
Since April 2024 we have received two substantial donations through legacies and have allocated these funds towards essential building repairs to our male refuge and also funding our Waves Counselling Project this year. This means we are now able to rebuild the work of this award-winning project and provide much-needed support to many more clients in the community. We continue to seek further funding for the Waves Project for 2024/25 and beyond and to this end have employed the services of Competitive Solutions Ltd who are professional fundraisers with a good track record of securing funding for charities.
Our values are to lead and deliver domestic abuse services with passion and dedication; to be accountable and have integrity in all we do; to embrace diversity, and to always work towards a high quality of service delivery. We are determined to continue to strive to support those people harmed by abuse in the home, assisting them to move towards a safer and happier future.
## **FINANCIAL REVIEW**
In 2024, CRT had an overall deficit of £31,326 (2023: surplus of £198,118). Total income decreased by £204,491 to £551,966 (largely due to the legacy received in the previous year).
The principle funding sources of the Charity continue to be grants received from various organisations which are used to support the running costs of both refuges and various counselling and support projects. Housing benefit is also received to help fund the running costs of both refuges, more detail is provided in notes 2 and 14 of these financial statements.
Expenditure has increased by £24,953 to £583,292.
Net assets decreased to £1,011,632 (2023: £1,043,096). During the year the Charity had negative cash flows of £21,878.
At 31 March 2024, the Charity held total cash balances of £796,417 (2023: £818,295).
**Page 9**
**CORNWALL REFUGE TRUST TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **FINANCIAL REVIEW (CONTINUED)**
## **Reserves Policy**
It is the policy of the Cornwall Refuge Trust to maintain unrestricted funds at a level which equates to approximately six months total expenditure. This provides sufficient funds to cover management, administration, support costs and to respond to emergency expenditure which arises from time to time.
As at 31 March 2024 free reserves totalled £28,430. This compares with £329,108 at the previous year end.
The Trust holds £400,000 in a designated reserve to cover the costs of interim accommodation to assist those moving from intensive support in the Refuge to community living or for the potential purchase of suitable refuge accommodation. There is now also a designated reserve of £275,000 to cover 6 months total running costs, as per the Trust's above policy, and also a designated reserve of £30,000 to cover professional fundraising costs in the coming year. The designated reserves are not included in free reserves.
Restricted reserves held at 31 March 2024 amounted to £271,094 (2023: £306,516). A description of these funds is provided in note 14. Included in the restricted reserves is £212,756 (2023: £217,073) that relates to tangible fixed assets, which includes the freehold property.
The Charity holds an expendable endowment fund, in the form of investments in Meteor Senior Life Settlements Sterling Fund. This investment was a gift from West Cornwall Youth Trust and the value of the year end was £7,108 (2023: £7,472).
Total funds held by the Charity at 31 March 2024 amounted to £1,011,632 (2023: £1,043,096).
## **Risk Policy**
The Trustees have examined the major strategic, business and operational risk which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate the exposure to these risks.
The principle risks to which the charity is exposed are:
- Risk of fraud perpetrated by trustees or employees of the charity
- Risk of accidental damage to the charity’s property
- Risk of losing funding for support costs (Cornwall Council) and additional projects
Non-financial risks arising from fire and health and safety are managed by weekly health and safety checks of both refuges and the fire alarms are tested weekly by external companies. Regular health and safety awareness training is provided to staff.
## **Investment Policy**
The management committee has considered the most appropriate policy for investing funds and has agreed that instant access to funds is currently necessary to enable the Charity to operate effectively. The funds, therefore, are currently held in bank deposit accounts with an approved UK regulated bank.
**CORNWALL REFUGE TRUST**
**Page 10**
## **TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **FINANCIAL REVIEW (CONTINUED)**
## **Going Concern**
The accounts are prepared on a going concern basis which assumes the Trust will continue to operate for the foreseeable future. The trustees consider this to be appropriate having regard to the circumstances outlined in note 19.
## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS**
The Trustees (who are also directors of the Charity for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its income and expenditure for that year. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for ensuring that the assets are properly applied in accordance with charity law.
**CORNWALL REFUGE TRUST**
**Page 11**
## **TRUSTEES' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER**
The Trustees confirm that so far as they are aware at the time of approving the Annual Report, there is no relevant information of which the examiner is unaware. They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant information and to establish that the examiner is aware of that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
By order of the board
## Karen Furness
Karen Furness (Dec 3, 2024 14:48 GMT)
Karen Furness (Trustee)
03/12/24
**Date:**
**INDEPENDENT EXAMINER'S REPORT TO THE MEMBER OF THE CORNWALL REFUGE TRUST**
**Page 12**
I report to the trustees on my examination of the financial statements of Cornwall Refuge Trust for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of Cornwall Refuge Trust are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. As the Trustees of Cornwall Refuge Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
## **Independent examiner’s statement**
The company’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the ICAEW.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the Charities SORP (FRS102)
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
~~Ss~~ **Amy Sole Independent Examiner For and on behalf of:**
**Date:** 28/11/2024 ~~ee~~
**PHILLIPS FRITH LLP CHARTERED ACCOUNTANTS 9 Tregarne Terrace ST AUSTELL**
**CORNWALL REFUGE TRUST**
**Page 13**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME FROM:**
Donations and grants
Charitable activities:
Housing benefit and personal service
charges
Investment Income
Other
**TOTAL INCOME**
**EXPENDITURE** **ON:**
**Raising funds:**
Fundraising
Grants
**Charitable activities:**
Housing costs
Counselling and support projects
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE)**
**AND NET MOVEMENT IN**
**FUNDS**
Change in market value of
investments
**RECONCILATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**|**Note**||**Un-restricted**
**funds**
**£**
9,921
130,876
13,153
1,805|**Un-restricted**
**funds**
**£**
9,921
130,876
13,153
1,805|**Restricted**
**funds**
**£**
396,211
-
-
-|**Restricted**
**funds**
**£**
396,211
-
-
-|**Endowment**
**funds**
**£**
-
-
-
-|**Endowment**
**funds**
**£**
-
-
-
-|**Total funds**
**Y/E**
**31/03/2024**
**£**
406,132
130,876
13,153
1,805|**Total funds**
**Y/E**
**31/03/2023**
**£**
644,489
107,190
2,350
2,428|
|---|---|---|---|---|---|---|---|---|---|---|
||**s**
2
3
4
10||||||||||
|||||155,755||396,211||-|551,966|756,457|
|||||-
-||3,625
6,387||-
-|3,625
6,387|3,004
4,910|
|||||-||10,012||-|10,012|7,914|
|||||98,296
53,137||249,010
172,611||226
-|347,532
225,748|295,254
255,171|
|||||151,433||421,621||226|573,280|550,425|
|||||151,433||431,633||226|583,292|558,339|
|||||4,322
-
729,108||(35,422)
-
306,516||(226)
(138)
7,472|(31,326)
(138)
1,043,096|198,118
685
844,293|
|||||733,430||271,094||7,108|1,011,632|1,043,096|
The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 17 to 35 form part of these accounts.
**CORNWALL REFUGE TRUST BALANCE SHEET**
**Page 14**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**FIXED ASSETS**
Tangible fixed assets
Investments
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors – amounts
falling due within one year
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted funds
Designated funds
Other charitable purposes
Total unrestricted funds
Restricted funds
Expendable endowment fund
**TOTAL CHARITY FUNDS**|**Notes**
9
10
11
13
12
14|**£**
**£**
212,756
5,494
218,250
4,756
796,417
801,173
(7,791)
1,011,632
705,000
28,430
733,430
271,094
7,108
1,011,632
**2024**
793,382|**£**
**£**
217,073
5,632
222,705
8,612
818,295
826,907
(6,516)
820,391
1,043,096
400,000
329,108
729,108
306,516
7,472
1,043,096
**2023**|**£**
**£**
217,073
5,632
222,705
8,612
818,295
826,907
(6,516)
820,391
1,043,096
400,000
329,108
729,108
306,516
7,472
1,043,096
**2023**|
|---|---|---|---|---|
||||400,000
329,108||
|||||1,043,096|
|||||729,108
306,516
7,472|
||||||
|||||1,043,096|
For the financial year in questions the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit under Section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
**Page 15**
## **CORNWALL REFUGE TRUST BALANCE SHEET (continued) FOR THE YEAR ENDED 31 MARCH 2024**
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.
03/12/24 Approved by the Trustees and authorised for issue on 2024 and signed on their behalf by:
Karen Furness Karen Furness(Dec 3, 2024 14:48 GMT) Karen Furness Kate Hamilton Kate Hamilton(Dec 2, 2024 09:20 GMT) Kate Hamilton
## **Company Registration Number 05178212**
The notes on pages 17 to 35 form part of these financial statements.
**Page 16**
## **CORNWALL REFUGE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024**
|**CASH FLOWS FROM OPERATING**
**ACTIVITIES:**
Net cash provided by operating activities
**CASH FLOWS FROM INVESTING ACTIVITIES**
Interest received
Purchase of fixed assets
Meteor shares sales income
**NET CASH PROVIDED BY INVESTING**
**ACTIVITIES**
**INCREASE/(DECREASE) IN CASH AND CASH**
**EQUIVALENTS IN THE YEAR**
Increase/(Decrease) in cash and cash equivalents in
the year
Cash and cash equivalents at the beginning of the
year
**CASH AND CASH EQUIVALENTS AT THE**
**END OF THE YEAR**|**Notes:**
15
16
16
16|**£**
**£**
(33,210)
13,153
(1,821)
-
11,332
(21,878)
(21,878)
818,295
796,417
**2024**|**£**
**£**
195,841
2,350
-
874
3,224
199,065
199,065
619,230
818,295
**2023**|**£**
**£**
195,841
2,350
-
874
3,224
199,065
199,065
619,230
818,295
**2023**|
|---|---|---|---|---|
||||||
|||||199,065|
|||||199,065
619,230|
|||||818,295|
The notes on pages 17 to 35 form part of these financial statements.
**CORNWALL REFUGE TRUST**
**Page 17**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 ACCOUNTING POLICIES**
## **Charity Information**
Cornwall Refuge Trust is a private charitable company limited by guarantee and has no share capital, incorporated in England and Wales. The principal address is PO Box 80, Truro, Cornwall.
## **a) Basis of preparation and compliance with statutory requirements**
The individual Charity’s financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)) (second edition – October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value. The principal accounting policies adopted are set out below.
The financial statements have been prepared on the assumption that the Charity is able to carry on as a going concern, which the Trustees consider appropriate having regard to the circumstances outlined in note 19 to the financial statements. The Trustees have no material uncertainties about the Charity’s ability to continue.
## **b) Fund accounting**
The Charity has various types of funds for which it is responsible, and which require separate disclosure. These are as follows:
RESTRICTED FUNDS These are earmarked by the donor, or the terms of an appeal, for specific purposes within the overall aims of the Charity or for specific projects being undertaken by the Charity. The donation and income deriving therefrom will be used in accordance with the specific purposes.
UNRESTRICTED FUNDS Funds which are expendable at the discretion of the board in furtherance of the purposes of the Charity.
DESIGNATED FUNDS The board may at its discretion set aside unrestricted funds for specific purposes. The aim and use of each designated fund is set out in note 14. Discretionary reallocations between designated and general funds are treated as transfers in the notes to the financial statements.
EXPENDABLE ENDOWMENT FUND This was created by a gift of investments from the WCYT. The income from these investments is restricted as described in note 14.
A description of the specific funds in existence during the year is given in note 14.
**CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
**Page 18**
## **1 ACCOUNTING POLICIES (CONTINUED)**
## **c) Income**
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
## i) DONATIONS
Donations and grants are recognised when receivable. Donations received for the general purposes of the Charity are included as unrestricted funds. Donations for activities restricted by the wishes of the donor are taken to restricted funds. Donations required to be retained as capital in accordance with the donor’s wishes are accounted for as endowments - permanent or expendable according to the nature of the restriction.
## ii) GRANTS AND GOVERNMENT GRANTS
Income from government and other grants, including capital grants, is recognised when the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably, except as follows:-
• when donors specify that grants given to the Charity must be used in future accounting years, the income is deferred until those years.
• when donors impose conditions which have to be fulfilled before the Charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met. A grant received before the recognition criteria are satisfied is recognised as a liability.
## iii) FUNDRAISING EVENTS
Voluntary income arising from events, principally donations, is recognised in the period in which the event takes place.
## iv) CHARITABLE ACTIVITIES
Income from charitable activities comprises of charges and benefits receivable for services such as housing benefits and personal service charges. These are accounted for in the year in which the service is provided.
## **d) Donated goods and services**
Donated fixed assets are included in income at the estimated value of the gift to the charity when received, with the other entry being capitalised in fixed assets.
In accordance with the Charities SORP (FRS 102), the general volunteer time provided to the Charity is not recognised and is referred to in the trustees’ annual report with more information about their contribution.
**Page 19**
**CORNWALL REFUGE TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1 ACCOUNTING POLICIES (CONTINUED)**
## **e) Expenditure**
Expenditure is recognised once there is a legal or constructed obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and is classified under the following activity headings:
- Costs of raising funds comprise the costs of generating voluntary income and securing grants.
- Expenditure on charitable activities includes the costs incurred by the Charity in meeting the charitable
- Other expenditure represents those items not falling into any other heading.
## **f) Allocation of support costs**
Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include management, administration, finance, personnel and governance costs which support the Charity’s activities. These costs have been allocated between costs of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in Note 5.
Governance costs comprise of all costs identified as wholly or mainly attributable to ensuring the public accountability of the Charity and its compliance with regulations. These costs include board expenses, legal advice and audit fees.
## **g) Tangible fixed assets and depreciation**
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition if in line with the donor documentation.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected
economic lives as follows:
|economic lives as follows:||
|---|---|
|Freehold property|- 50 years on the straight line method|
|Log Cabin|- 10% per annum on the straight line method|
|Computer equipment|
- 25% per annum on the straight line method|
|Equipment|
- 20% per annum on the straight line method|
## **h) Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date using the closing market price. Changes in fair value are recognised in the statement of financial activities for the year.
## **i) Cash and cash equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held with banks and shortterm liquid investments with original maturities of three months or less.
**CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
**Page 20**
## **1 ACCOUNTING POLICIES (CONTINUED)**
## **j) Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **k) Pension costs**
Cornwall Refuge Trust offers the auto-enrolment pension scheme to its employees and makes contributions as detailed in note 17. The charity has no liability beyond making its contributions and paying across the deductions for the employee’s contributions. The costs are expensed in the SOFA (see notes 5 and 7 for allocation method). Any difference between the share to the SOFA and the contributions payable to the scheme is shown as an asset or liability in the Balance Sheet.
## **l) Operating leases**
Rentals applicable to operating leases are charged to the SOFA over the period in which the lease falls due.
**CORNWALL REFUGE TRUST**
**Page 21**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
|**2 INCOME FROM DONATIONS**
**Donations and fundraising**
General donations
Housing cost donation
Counselling and support project donations
Fundraising events
Legacies
**Grants**
Housing cost grants
Counselling and support project grants
Other grants
**TOTAL**||
|---|---|
|||
The income received from donations included £6,999 restricted donations (2023: £6,964). The income received from grants included £389,212 restricted grants (2023: £437,304). Details of restricted income has been included in note 14. The income received from grants included £233,330 (2023: £263,574) received from local authorities.
|**3 INVESTMENT INCOME**
Bank interest receivable||**2024**
**£**
13,153
13,153||**2023**
**£**
2,350|
|---|---|---|---|---|
|||||2,350|
**CORNWALL REFUGE TRUST**
**Page 22**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **4 TOTAL RESOURCES EXPENDED**
|**Cost of raising funds**
Fundraising
Grants
**Expenditure on charitable**
**activities**
Housing costs
Counselling and support project
**Total resources expended**|**Activites**
**undertaken**
**directly**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
-
3,625
-
-
6,387
-|**Activites**
**undertaken**
**directly**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
-
3,625
-
-
6,387
-|**Activites**
**undertaken**
**directly**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
-
3,625
-
-
6,387
-|**Activites**
**undertaken**
**directly**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
-
3,625
-
-
6,387
-|**2024 Total**
**£**
3,625
6,387|**2023 Total**
**£**
3,004
4,910|
|---|---|---|---|---|---|---|
|||-|10,012|-|10,012|7,914|
|||269,118
211,951|63,276
11,166|14,912
2,631|347,306
225,748|295,254
255,171|
|||481,069|74,442|17,543|573,054|550,425|
||||||||
|||481,069|84,454|17,543|583,066|558,339|
**CORNWALL REFUGE TRUST**
**Page 23**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **5 SUPPORT COSTS ALLOCATION**
|**5 SUPPORT COSTS ALLOCATION**|||||
|---|---|---|---|---|
|Trust Manager’s wages
Administrator’s wages
Employer’s pension contributions
Governance costs
Fundraising costs
**Total support costs - year ended**
**31/03/2024**
**Total support costs - year ended**
**31/03/2023**|**Raising**
**funds**
**Charitable**
**activities**
**Governance**
**activity**
**£**
**£**
**£**
6,447
33,446
403
3,103
26,379
1,552
462
14,617
308
-
-
15,281
-
-
-||||
|||10,012|74,442|17,543|
|||7,914|61,878|14,108|
Cost allocation includes an element of judgement and the Charity has had to consider the cost/benefit of detailed calculations and record keeping. The basis for support costs allocation of wages is the estimated percentage of time spent on each activity. Governance costs are made up of the following:
|Independent examination fees
Legal and professional fees||**2024**
**£**
3,840
11,441
15,281||**2023**
**£**
89
8,234|
|---|---|---|---|---|
|||||8,323|
Governance costs have been allocated on a consistent basis to previous years.
**CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
**Page 24**
## **6 TAXATION**
Cornwall Refuge Trust is a registered charity and is thus exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. There was no UK Corporation Tax payable by Cornwall Refuge Trust in 2024 or 2023.
## **7 STAFF COSTS AND TRUSTEES’ REMUNERATION**
|**7 STAFF COSTS AND TRUSTEES’ REMUNERATION**|||
|---|---|---|
|Wages and salaries
Social Security costs
Pension contributions|**2024**
**£**
323,255
23,597
15,386
362,238|**2023**
**£**
298,232
21,008
14,577|
|||333,817|
Pension costs are allocated to activities in proportion to the related staffing costs incurred. These are allocated to restricted and unrestricted funds depending on the contracted duties of the relevant employees.
|The monthly average number of staff employed by the Charity
during the year was made up as follows:
Trust manager
Administrator
Project/Residential manager
Senior refuge support worker
Support workers
Children’s workers
Counselling co-ordinator|**No.**
1
1
1
1
7
2
1
14|**No.**
1
1
1
1
8
2
1|
|---|---|---|
|||15|
No employee earned more than £60,000 per annum. The Trust considered its key management personnel in the year to comprise of the trustees and the Trust manager. The total employment benefits including pension contributions of the key management personnel were £42,827 (2023: £31,322). The Trustees were not paid or reimbursed for expenses during the year. The Trustees received no remuneration during the year.
**CORNWALL REFUGE TRUST**
**Page 25**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **8 NET MOVEMENTS IN FUNDS**
Net movement in funds is arrived at after charging:
||||**2024**|**2023**||
|---|---|---|---|---|---|
||||**£**|**£**||
|Depreciation of tangible fixed assets|||6,138|6,256||
|Auditors’ remuneration:||||||
|- other accountancy services|||3,840|89||
|**9 TANGIBLE FIXED ASSETS**||||||
||**Freehold land**||**Computer**|||
||**and buildings**|**Log cabin**|**equipment**|**Equipment**|**Total**|
|**Cost:**|**£**|**£**|**£**|**£**|**£**|
|At 1 April 2023|263,931|11,555|2,334|32,127|309,947|
|Additions|-|-|-|1,822|1,822|
|At 31 March 2024|263,931|11,555|2,334|33,949|311,769|
|**Depreciation:**||||||
|At 1 April 2023|47,353|11,555|2,334|31,632|92,874|
|Charge for the year|5,279|-|-|860|6,139|
|At 31 March 2024|52,632|11,555|2,334|32,492|99,013|
|**Net Book Value:**||||||
|31-Mar-24|211,299|-|-|1,457|212,756|
|31-Mar-23|216,578|-|-|495|217,073|
All fixed assets are held for charitable use.
**Page 26**
**CORNWALL REFUGE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
|**10 FIXED ASSET INVESTMENTS**
**Cost or valuation**
At 1 April 2023
Disposals
Change in market value of investments
At 31 March 2024
**11 DEBTORS**
Trade debtors
Prepayments and accrued income
Other debtors
**12 CREDITORS: AMOUNTS FALLING**
**DUE WITHIN ONE YEAR**
Trade creditors
Other taxes and Social Security
Accruals
Other creditors||**Open-end**
**investment**
**fund**
**£**
5,632
-
(138)
5,494
**2024**
**£**
663
4,093
-
4,756
**2024**
**£**
-
-
7,791
-
7,791||**2023**
**£**
4,017
4,469
126|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
|||||8,612|
|||||**2023**
**£**
-
-
6,516
-|
|||||6,516|
**CORNWALL REFUGE TRUST**
**Page 27**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **13 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Cash at bank and in hand
Other net current liabilities
**TOTAL FUNDS**|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
1,457
211,299
5,494
705,000
25,187
64,616
1,614
-
1,786
(4,821)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
1,457
211,299
5,494
705,000
25,187
64,616
1,614
-
1,786
(4,821)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
1,457
211,299
5,494
705,000
25,187
64,616
1,614
-
1,786
(4,821)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
1,457
211,299
5,494
705,000
25,187
64,616
1,614
-
1,786
(4,821)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
1,457
211,299
5,494
705,000
25,187
64,616
1,614
-
1,786
(4,821)
-|**Total**
**£**
218,250
796,417
(3,035)|
|---|---|---|---|---|---|---|
|||705,000|28,430|271,094|7,108|1,011,632|
## **Analysis of net assets between funds – previous year**
|Tangible fixed assets
Cash at bank and in hand
Other net current liabilities
**TOTAL FUNDS**|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
495
216,578
5,632
400,000
328,610
95,938
1,840
-
3
(6,000)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
495
216,578
5,632
400,000
328,610
95,938
1,840
-
3
(6,000)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
495
216,578
5,632
400,000
328,610
95,938
1,840
-
3
(6,000)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
495
216,578
5,632
400,000
328,610
95,938
1,840
-
3
(6,000)
-|**Designated**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
**£**
-
495
216,578
5,632
400,000
328,610
95,938
1,840
-
3
(6,000)
-|**Total**
**£**
222,705
826,388
(5,997)|
|---|---|---|---|---|---|---|
|||400,000|329,108|306,516|7,472|1,043,096|
**CORNWALL REFUGE TRUST**
**Page 28**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **14 STATEMENT OF FUNDS**
## **Analysis of movement in funds – current year**
|**Designated funds**
Move on house fund and/or
property purchase fund
6 months running costs
Fundraising costs
**Total designated funds**
**Other charitable purposes**
**Total unrestricted funds**
**Restricted funds**
Realised Endowment Fund
Children’s project
Helpline funding
Support Group – Women
Support Group – Men
WAVES donations and grants
Hardship fund – Women
Male Refuge Norda fund
Big Lottery Awards4All (Acorn
Group)
West Cornwall Youth Trust
Acorn Group travel fund
Outdoor play equipment fund
Male refuge donations
Big Lottery Awards4All (Norda
Child and Family work)
ACTS 435
The Tudor Trust Fund
Pat Newman Memorial Trust
**Total restricted funds c/fwd**||**Balance at**
**1 April**
**2023**
**£**
400,000
-
-
400,000
329,108
729,108
45,492
2,119
-
2,137
733
758
31
194,208
419
1,328
465
447
628
2,860
-
12,782
2,500
266,907|**Balance at**
**1 April**
**2023**
**£**
400,000
-
-
400,000
329,108
729,108
45,492
2,119
-
2,137
733
758
31
194,208
419
1,328
465
447
628
2,860
-
12,782
2,500
266,907||**Income**
**£**
-
-
-
-
155,754
155,754
-
2,734
10,200
2,371
759
17,385
1,700
-
-
-
-
-
-
-
1,305
-
-
36,454||**Expenditure**
**£**
-
-
-
-
(151,432)
(151,432)
-
(5,678)
(10,208)
(2,372)
(683)
(18,142)
(1,730)
(5,279)
-
-
(465)
(251)
(251)
-
(1,305)
(12,782)
-
(59,146)||**Transfers**
**£**
-
275,000
30,000
305,000
(305,000)
-
-
4,248
8
-
-
(1)
(1)
-
(419)
(1,328)
-
-
-
-
-
-
(2,500)
7||**Balance at**
**31 March**
**2024**
**£**
400,000
275,000
30,000|**Balance at**
**31 March**
**2024**
**£**
400,000
275,000
30,000|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||
||||||||||||||
|||||||||||||705,000
28,430|
|||||||||||||733,430|
|||||||||||||45,492
3,423
-
2,136
809
-
-
188,929
-
-
-
196
377
2,860
-
-
-|
|||||||||||||244,222|
**Page 29**
**CORNWALL REFUGE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **14 STATEMENT OF FUNDS (continued)**
|**Total restricted funds b/fwd**
266,907
Cornwall Council Children's
Project
6,941
Cornwall Council Norda Grant
-
Cornwall Council Resettlement
Project
24,306
Staff Wellbeing Fund
1,000
Cornwall Council Disability
Adaptations Fund
6,032
Cornwall Council Women’s
Refuge grant
-
Soroptimist School Uniform Grant
100
Surviving Winter Fund
-
Pirate FM Cash for Kids
900
DWP Household Support Grant
330
Women's aid emergency fund
-
Buttle UK grants
-
**Total restricted funds**
306,516
**Expendable endowment**
**fund**
7,472
**TOTAL FUNDS**
1,043,096|36,454
48,355
120,360
45,900
-
-
132,825
-
3,500
800
-
5,950
2,067
396,211
-
551,965|(59,146)
(47,703)
(120,285)
(56,762)
(783)
(60)
(136,352)
(93)
(3,500)
(1,200)
(330)
(4,118)
(1,301)
(431,633)
(364)
(583,429)|7
-
-
-
-
-
-
(7)
-
-
-
-
-
-
-
-|244,222
7,593
75
13,444
217
5,972
(3,527)
-
-
500
-
1,832
766|
|---|---|---|---|---|
|||||271,094|
|||||7,108|
|||||1,011,632|
**CORNWALL REFUGE TRUST**
**Page 30**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **14 STATEMENT OF FUNDS (continued)**
## **Analysis of movements in funds – previous year**
|**Designated funds**
Move on house fund and/or
property purchase fund
**Total designated funds**
**Other charitable purposes**
**Total unrestricted funds**
**Restricted funds**
Realised Endowment Fund
Children’s project
Helpline funding
Support Group – Women
Support Group – Men
WAVES donations and grants
Hardship fund – Women
Male Refuge Norda fund
Big Lottery Awards4All (Acorn
Group)
West Cornwall Youth Trust
Acorn Group travel fund
Outdoor play equipment fund
Male refuge donations
Big Lottery Awards4All (Norda
Child and Family work)
BBC Children in Need
ACTS 435
The Tudor Trust Fund
Pat Newman Memorial Trust
Cornwall Council CYP Support
Worker
Tudor Trust Team Wellbeing
Grant
**Total restricted funds c/fwd**||**Balance at**
**1 April**
**2022**
**£**
200,000
200,000
286,716
486,716
45,492
1,837
302
1,785
777
27,112
176
199,487
419
1,328
465
447
1,706
2,911
(124)
1
22,625
2,500
11,643
1,223
322,112|**Balance at**
**1 April**
**2022**
**£**
200,000
200,000
286,716
486,716
45,492
1,837
302
1,785
777
27,112
176
199,487
419
1,328
465
447
1,706
2,911
(124)
1
22,625
2,500
11,643
1,223
322,112||**Income**
**£**
-
-
312,289
312,289
-
2,169
11,000
1,309
1,380
30,006
1,500
-
-
-
-
-
-
-
-
1,460
32,000
-
44,907
-
125,731||**Expenditure**
**£**
-
-
(69,897)
(69,897)
-
(1,887)
(11,302)
(957)
(1,424)
(56,360)
(1,645)
(5,279)
-
-
-
-
(1,078)
(51)
124
(1,461)
(41,843)
-
(49,609)
(1,223)
(173,995)||**Transfers**
**£**
200,000
200,000
(200,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-||**Balance at**
**31 March**
**2023**
**£**
400,000|**Balance at**
**31 March**
**2023**
**£**
400,000|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||
||||||||||||||
|||||||||||||400,000
329,108|
|||||||||||||729,108|
|||||||||||||45,492
2,119
-
2,137
733
758
31
194,208
419
1,328
465
447
628
2,860
-
-
12,782
2,500
6,941
-|
|||||||||||||273,848|
**CORNWALL REFUGE TRUST**
**Page 31**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **14 STATEMENT OF FUNDS (continued)**
## **Analysis of movements in funds – previous year**
|**Total restricted funds b/fwd**
322,112
Cornwall Council Norda Grant
(327)
Cornwall Council Resettlement
Project
20,734
Lloyds Bank Foundation
(46)
Staff Wellbeing Fund
1,000
Cornwall Council Disability
Adaptations Fund
6,537
Cornwall Council Women’s
Refuge grant
-
Soroptimist School Uniform Grant
-
Surviving Winter Fund
-
Pirate FM Cash for Kids
-
DWP Household Support Grant
-
**Total restricted funds**
350,010
**Expendable endowment**
**fund**
7,567
**TOTAL FUNDS**
844,293|125,731
118,000
41,250
33,120
-
-
120,417
100
3,500
1,250
800
444,168
685
757,142|(173,995)
(117,673)
(37,678)
(33,074)
-
(505)
(120,417)
-
(3,500)
(350)
(470)
(487,662)
(780)
(558,339)|-
-
-
-
-
-
-
-
-
-
-
-
-
-|273,848
-
24,306
-
1,000
6,032
-
100
-
900
330|
|---|---|---|---|---|
|||||306,516|
|||||7,472|
|||||1,043,096|
**CORNWALL REFUGE TRUST**
**Page 32**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **14 STATEMENT OF FUNDS (continued)**
## **Restricted funds**
The Realised Endowment Fund represents the monies received from the sale of the investments during 2015. These funds were used for improvements to Norda House in 2015 and 2016 and so became part of the fixed assets.
The Cornwall Council Women’s Refuge grant represents monies given by Cornwall Council towards staff wages and running costs of the Women’s Refuge.
The Children’s Project represents donations towards the provision of children’s activities and play materials and support of families.
The Helpline funding represents monies given by Cornwall Council up to March 2024 towards the running costs of the domestic abuse helpline.
The Support Group – Women fund includes various donations which were given towards the support of women who have experienced domestic abuse.
The Support Group – Men fund includes various donations given towards the support of men who have experienced domestic abuse.
WAVES donations represent various donations given towards the costs of running the WAVES project.
The WAVES grant represents monies given by First Light towards the costs of running the WAVES project (ended June 2023).
The Hardship / Cost of Living fund represents monies given by the Cornwall Community Foundation to be used to award grants to service users in financial need.
The Male Refuge Norda fund represents monies given by The Norda Trust to support the establishment of a male refuge.
The Soroptimist uniform fund represents monies given to fund school uniform for the children staying at the refuges.
The Big Lottery Awards4All (Acorn Group) represents a grant towards the running of a parent support group.
The West Cornwall Youth Trust represents money given by the West Cornwall Youth Trust towards running a parent support group.
The Acorn Group travel fund represents monies given towards the cost of client travel and expenses for the parent support group.
The Surviving Winter Fund represents monies given by the Cornwall Community Foundation towards warm clothing and living costs for refuge residents and resettlement clients.
The outdoor play equipment fund represents money given by St Austell Soroptimists to help fund replacing the children’s outdoor play equipment at the women’s refuge.
Male refuge donations includes various donations which were given specifically towards the male refuge.
The Big Lottery Awards4All (Norda Child and Family work) represents a grant given by the Big Lottery Fund towards the cost of employing a Children and Family worker and activities for families staying in Norda House.
The BBC Children in Need fund represents a grant provided in 2019 for the next three years to fund the part time salary of the Children and Family Support worker and activities to support children and young people who have been affected by domestic abuse and violence.
**CORNWALL REFUGE TRUST**
**Page 33**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **14 STATEMENT OF FUNDS (continued)**
The ACTS 435 fund represents donations given by All Saints Highertown Acts 435 to support the needs of refuge residents.
The Lloyds Bank Foundation fund represents grant money given to fund the volunteer project as well as other core costs of the refuges and the WAVES counselling project.
The Tudor Trust fund represents grant monies given by the Tudor Trust to fund resettlement workers and the Waves counselling project.
The Pat Newman Memorial Trust fund represents money given towards parenting classes for residents staying at the refuge.
The Cornwall Council Children's Project Grant represents funding for the work with children and families in refuge
The Meteor Shares CYP fund represents income and expenses relating to the gifted shares from the West Cornwall Youth Trust, the capital and income are restricted to be used for activities for children and young adults who come into the refuge.
The Cornwall Council Norda Grant represents funding for the male refuge.
The Cornwall Council Resettlement grant represents funding for resettlement workers to assist service users as they prepare to leave refuge and while they settle in the community.
The Staff Wellbeing fund represents monies received with the intention of supporting staff of CRT.
The Cornwall Council Disability Adaptations Fund represents monies to be used to fund disability adaptations to the refuges.
The Pirate FM Cash for Kids grant represents funding given to support families in refuge with the cost of living.
Women's Aid Emergency Fund represents grants given for specific residents to help them with the cost of living and resettlement.
Buttle UK grants represents funding for specific families for children and young people who have experienced a crisis that has had a significant impact on their wellbeing and educational engagement.
## **Expendable endowment fund**
The expendable endowment fund was established by a gift from West Cornwall Youth Trust in 2019 of a percentage of units held in Meteor Senior Life Settlements Sterling Fund. The Trustees have the power to spend the capital; both the capital and income are restricted to be used for activities for children and young adults who come into the Refuge.
**CORNWALL REFUGE TRUST**
**Page 34**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **15 RECONCILATION OF NET MOVEMENT IN FUNDS TO NET CASH INFLOW FROM OPERATING ACTIVITIES**
|Net movement in funds
Depreciation
Interest receivable
(Increase)/Decrease in debtors
Increase/(Decrease) in trade creditors
Increase/(Decrease) in other taxes and Social
Security
Increase/(Decrease) in other creditors and accruals
Increase/(Decrease) in deferred income
Net cash provided/(absorbed) by operating activities||**2024**
**£**
(31,326)
6,138
(13,153)
3,857
-
-
1,274
-
(33,210)|**2023**
**£**
198,118
6,256
(2,350)
(376)
-
-
(5,807)
-|
|---|---|---|---|
||||195,841|
**16 CASH AND CASH EQUIVALENTS**
|Cash at bank and in hand|**2023**
**£**
818,295|**Cash**
**Flow**
**£**
(21,878)|**2024**
**£**
796,417|
|---|---|---|---|
## **17 PENSION COSTS**
In 2018 the Charity started offering an auto-enrolment pension scheme to all employees. The contribution rate in 2023/24 was 3% for the employee and 5% for the employer contributions. The total pension cost to the Charity for the year was £15,386 (2023: £14,577). Outstanding contributions at 31 March 2024, included in other creditors, amounted to £Nil (2023: £Nil).
## **18 OPERATING LEASE COMMITMENTS**
|**18 OPERATING LEASE COMMITMENTS**|||||
|---|---|---|---|---|
|Within one year
Between two and five years||**2024**
**£**
1,049
-
1,049||**2023**
**£**
2,517
1,049|
|||||3,566|
**CORNWALL REFUGE TRUST**
**Page 35**
**NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024**
## **19 FUTURE OPERATIONS AND THE CURRENT ECONOMIC ENVIRONMENT**
In common with many charities delivering services funded by local authorities, Cornwall Refuge Trust is under pressure to maintain or increase the work it does with fewer funds. Efficiencies are achieved wherever possible with more use of volunteer time and the Charity seeks to find alternative funding wherever possible.
The Trustees are not aware of any reason why they should not continue to adopt the going concern basis of accounting.
## **20 RELATED PARTIES**
Two Trustees, Ms K Furness and Ms K Hamilton, are partners of Cornwall Law LLP. No payments were made to Cornwall Law LLP (2023: £Nil). There were no outstanding amounts due at the year end (2023: £Nil).
## **CORNWALL REFUGE TRUST**
## **INCOME & EXPENDITURE ACCOUNT - RESTRICTED FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME**
Cornwall Council Resettlement
Community Safety Partnership
Children’s project funding
First Light - Waves
Big Lottery Reaching Communities Fund (Male Refuge)
Lloyds Bank Foundation
The Tudor Trust
Cornwall Council Helpline
Other grants
Donations
**EXPENDITURE**
Wages and NI
Counselling and Support project
Insurance
Rent
Rates and water
Electric and heating
Telephone
Advertising, postage and stationery
Training and recruitment expenses
Cleaning
Repairs and Renewals - Property
- General
Residents costs
Travelling and volunteers expenses
Independent examination fees
Professional fees
GDPR compliance costs
Sundry expenses
Health and safety
Fundraising expenses
Depreciation
IT Support
Security
**(DEFICIT) FOR YEAR**|**£**
**£**
45,900
132,825
48,355
6,250
120,360
-
-
10,200
25,322
6,999
396,211
341,089
9,679
1,849
11,313
-
-
6,733
745
2,950
854
-
2,842
20,033
1,743
3,853
1,034
449
7,661
5,357
-
5,279
3,592
4,577
(431,632)
(35,421)
**Year ended**
**31/03/2024**|**£**
**£**
41,250
120,417
44,907
25,000
118,000
33,120
32,000
10,000
12,510
6,964
444,168
311,090
93,432
1,503
9,698
3,542
4,439
4,615
869
1,447
792
5,603
3,783
14,526
1,287
1,777
1,969
911
6,227
3,754
-
5,279
2,943
8,176
(487,662)
(43,494)
**Year ended**
**31/03/2023**|**£**
**£**
41,250
120,417
44,907
25,000
118,000
33,120
32,000
10,000
12,510
6,964
444,168
311,090
93,432
1,503
9,698
3,542
4,439
4,615
869
1,447
792
5,603
3,783
14,526
1,287
1,777
1,969
911
6,227
3,754
-
5,279
2,943
8,176
(487,662)
(43,494)
**Year ended**
**31/03/2023**|
|---|---|---|---|
||||444,168
(487,662)|
|||||
||||(43,494)|
## **CORNWALL REFUGE TRUST**
## **INCOME & EXPENDITURE ACCOUNT - UN-RESTRICTED FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME**
Housing Benefit
Personal service charges
Donations
Legacies
Payphone, laundry and television etc
Investment income
Fundraising events
Other income
**EXPENDITURE**
Wages and NI
Counselling & support projects
Insurance
Rent
Rates and water
Electric and heating
Telephone and Internet
Advertising, postage and stationery
Training and recruitment expenses
Cleaning
Repairs and Renewals - Property
- General
Food and residents costs
Television and video
Travelling and volunteers expenses
Audit/independent examiner fees
Professional fees
Legal fees
GDPR Compliance and storage
Bank charges
Sundry expenses
Fundraising expenses
Depreciation
Health and Safety
Security services
IT Support
**SURPLUS FOR YEAR**|**£**
**£**
123,337
7,539
8,877
727
1,805
13,153
41
275
155,754
21,149
40,856
1,849
11,313
6,986
12,873
5,009
745
603
678
12,805
2,842
593
822
-
-
2,380
10,407
484
166
1,902
5,280
860
4,745
4,684
1,401
(151,432)
4,322
**31/03/2024**
**Year ended**|**£**
**£**
99,788
7,402
6,741
190,454
2,428
2,350
126
3,000
312,289
22,727
-
1,104
10,377
3,000
4,439
3,333
491
-
792
6,643
3,783
603
336
83
(1,688)
6,265
-
198
172
1,605
-
977
3,845
-
812
(69,897)
242,392
**Year ended**
**31/03/2023**|**£**
**£**
99,788
7,402
6,741
190,454
2,428
2,350
126
3,000
312,289
22,727
-
1,104
10,377
3,000
4,439
3,333
491
-
792
6,643
3,783
603
336
83
(1,688)
6,265
-
198
172
1,605
-
977
3,845
-
812
(69,897)
242,392
**Year ended**
**31/03/2023**|
|---|---|---|---|
||||312,289
(69,897)|
|||||
||||242,392|
## Cornwall Refuge Trust - Accounts 31 03 2024
Final Audit Report
2024-12-03
Created: 2024-11-28 By: Phillips Frith (esign@phillipsfrith.com) Status: Signed Transaction ID: CBJCHBCAABAAJrs1kYLGE3i9Z_HxOStEbQQTmNB6zCUZ
## "Cornwall Refuge Trust - Accounts 31 03 2024" History
Document created by Phillips Frith (esign@phillipsfrith.com)
2024-11-28 - 12:41:38 PM GMT
Document emailed to Karen Furness (kjf@cornwall-law.com) for signature
2024-11-28 - 12:41:46 PM GMT
Document emailed to Kate Hamilton (keh@cornwall-law.com) for signature 2024-11-28 - 12:41:47 PM GMT
- Email viewed by Karen Furness (kjf@cornwall-law.com)
2024-11-29 - 11:45:16 AM GMT
Email viewed by Kate Hamilton (keh@cornwall-law.com) 2024-12-02 - 9:19:39 AM GMT
- Document e-signed by Kate Hamilton (keh@cornwall-law.com) Signature Date: 2024-12-02 - 9:20:25 AM GMT - Time Source: server
Email viewed by Karen Furness (kjf@cornwall-law.com) 2024-12-03 - 2:45:20 PM GMT
- Document e-signed by Karen Furness (kjf@cornwall-law.com) Signature Date: 2024-12-03 - 2:48:29 PM GMT - Time Source: server
Agreement completed.
2024-12-03 - 2:48:29 PM GMT