Company No. 05178212 Charlty No. 1105270 CORNWALL REFUGE TRUST A COMPANY LIMITED BY GUARANTEE A1uAL REPORT AND UNAUDrrED FINANCIAL STATEMEwrs 31 MARCH 2025 CHARTERED ACCOUNTANTS REGISTERED AUDrroRS 9 TREGARNE TERRACE ST AUSTELL
CORNWALL REFUGE TRUST Page I ANIYUAL REPORT AND UNAUDrrED FINANCtAL STATEMEiwrs FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Trustees and Advisers Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements Pa 3-10 li 12 13-14 15 16-34
CORNWALL REFUGE TRUST Page 2 TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 PRINCIPAL AND REGISTERED OFFICE soucrroRS Cornwall Refuge Trust PO Box 80 TRURO Cornwall Registered Number". 1105270 Company Number: 05178212 Stephens Scown Solicitors LLP l High Cross Street ST AUSTEtL Cornwall pt25 4AX TRUSTEES Karen Furness Kate Hatnilton Pam Thurlow Nicky Houghton Sarah Shobrook HSBC Bank PIC 17 Boscawen Street TRURO Cornwall TRI 2QZ COMPANY SECRETARY Kate Hamilton MANAGEMENT COMMITfEE INDEPENDENT EXAMINERS Karen Furne5s - Chair Pam Thurlow - Accounts Liaison Trustee Kate Hamilton - Vice Chair NiclfjT Houghton Phillips Frith ILP 9 Tregarne Terrace ST AUSTEtL Cornwall PL25 4DD Helen Luetchtord Sarah Shobrook Ellen Lawson Stephanie Coole
CORNWALL REFUGE TRUST Page 3 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees have pleasure in preseniing their report and financial siatements for the year ended 31 March 2025, 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 Reporring Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). REFERENCE AND ADMINISTRATIVE DETAILS Charity registration number: 1105270 Company registration number: 05178212 Principal Office and Advxsors 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 Ipreviously Cornwall Wornen'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 nutnber 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' 15 omitted from the name. The liability of the members who constitute the Trust is limited to £1 per member. STRUCTURE GOVERNANCE AND wAGEm The Trust is by a Board of Trustees. The TnteeS are also directors of the company for the purposes of the Companies Act 2006. CORNWAIL REFUGE TRUST STRucfuRE DlREcfoRStrRUSTEES MANAGEMENT cOMMIEE TRUST MANAGER STAFF. VOLuwfEERS AND SERVICE USERS
CORNWALL REFUGE TRUST Page 4 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE GOVERNANCE AND MANAGEMENT The day-to-day management of the Charity is delegated to the Trust manager Ellen Lawson, 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 direcuon of the Chariry, to monitor fmancial perforniance. risL hlln resources and operations, and all decisions reached are done so by a majority vote. Appolntment and training of Trustees As set out in the Articles of Association. rhe Trustees are nominated by the existing tnanagement 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 bui the majority are already sufficiently experienced. Pay policy for senior staff All Trustees give of their time freely and no trnstee received remunerauon in the year. The pay of the senior staff is reviewed annually by the Managetnent Cotntnittee. Salatie5 are set based on a pay scale and incretnent 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 Violen and the children of those men and women. Mxssion Statement 'Cornwall Refvge Trust provides a safe. supportive environmentfor men. women and children who have escaped domestic abuse. We offer suppoit and advice empowering the personfor a safer and happierfvture., 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 victitns of dotnestic 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 teatn member5 so that we can work to our full potential.
CORNWALL REFUGE TRUST Page 5 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Aims of Charity for the public benefit (continued) Our objectives to accomplish the above aims are: To manage the tnen's and women's refuges offering temporary accommodation to men, W0ell and their children who are virtims of domestic abuse. To pro]de cotnprehensive needs-led support to residents and therapeutical 5UPPOrt 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 frondine serrice 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. We provide a 24-hour DoeStiC Abuse Helpline 10 provide information. support and advice. Our Resettlement Project, which supports our re5ident5 as they leave refuge to Set up homes in the community, gready 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 communiry over 16 years. 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 16 over the year, including full-time and part-time staff. Our Waves volunteer programme has continued to build over the year and we had a total of 38 volunteer counsellors. We have had 4 refuge volunteers over the year. PUBLIC BENEFIT The Trustees have cornplied with their duty to have due regard to guidance published by the Charity Commission on the operation of the Public Benefit requirement.
CORNWALL REFUGE TRUST Page 6 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE We have been awarded the following grants: Cornwall Council (Local Authoriry) - Women's Refuge. Male Refuge (including Child and Family Work and Resettlement Project). Garfield Western Foundation - grant towards core costs. National Lottery Community Fund - grant towards CRYS 24-hour Domestic Abuse Helpline Cornwall Community Foundation Surviving Winter & Cost of Living Grants - to distribute to families and individuals in need Ifood, energy & water costs and other essentials) Acts 435 - funding for ad hoc residents, needs (e.g. essential dothing. travel. mobile phones, tnoving costs, curtains and carpets for new homes) Butde UK - grant5 for children and young people who have experienced a crisis that has had a significant itnpact 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 reiVed many one-off fmancial donations this year from individuals and community groups. Additionally, we have received Gift Aid and sotne regular donations. In-kind donations include asslstance 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 rnale 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. This year we were also very grateful to receive two substantial legacies. Cornwall Refuge Trust (CRT) projects have achieved the following service figures: Refuges - 25 adults and 13 children received cornprehensive residential support (2023/24: 31 adults and 24 children) The Resettlement Project- 7 families and 12 single adults were successfully supported to resettle in the community (2023/24.. 9 families. 7 single adults). The Helpline - 1,798 support calls received or made within our 24-hour service 12023/24: 2,232) The WAVES Project - 331 clients received counselling (2023/24: 295) The Women's Refuge and Norda House The level OF supporr 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 transpott and their rooms are prepared with welcome packs for both adults and children. Residents are supported to access benefits, including housing benefit, GP senrices and schools. We ensure emotional needs are met by offering supporr, a listening ear and a friendly welcotning 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. aCtities. birthday and seasonal events and treats.
CORNWALL REFUGE TRUST Page 7 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Additional services are offered by the refuges when resident5 are tnoving out to SUPFK)rt thetn in establishing new homes in the communiry. These additional services include providing furnishings, emotional support on moving, support for children and young people, help with getting to know the cotnvnunity, accessing services and School placements. The reftLge and resetdement staff are dedicated. hardworking people who are passionate about what they do and go the extra mile in supporting residents. We have restarted our refuge volunteer programme and over the past year we have been joined by four refuge volunteers. both staff and residents have benefitted greatly from their varied skills and abilities. We welCoe refuge volunteers from all walks of life and are able to offer varied experience and training oppominities. The WAVES Counselling Project The Waves Counselling Project has one full-titne Coordinator / Ptoject Manager who recruits, ttains 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 servlees 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. Lion5 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 unifornis and funds for Christmas and Faster celebrations. Additionally, we received financial donations from indiNTrduals and donated items which were offered 10 refuge residents to assist in their resettlement. CURREwf STATUS AND FirruRE PLANNING Cornwall Refuge Trust will continue to deliver high quality, life changing serVIS to those who have experienced domesuc abuse. We continue to work closely with the Local Authoriry 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 proNqsion (including children and families and resetdement work) for four years from April 2025, with the possibility of these contracts being extended for a further six year5.
CORNWALL REFUGE TRUST Page 8 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 CURRENT STATUS AND FiryURE PLANNING This year we received two substantial donations through legacies and have allocated these funds towards essential building repairs to our male rege and also funding our Waves Counselling Project. This means we have been able to continue rebuilding the work of this award-winning project and provide much-needed support to many more clients in the conununity. We continue to seek further fLmding for the Waves Project for 2025/26 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 servi5 With passion and dedication. to be accountable and have integrity in all we do. to embrace diversity, and to always work towards a high qualiry of seNice 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 2025, CRT had an overall surplus of £49.952 (2024: deficit of £31.326). Total income increased by £214,045 to £766,011 (largely due to the legacies received). The principle funding sources of the Chariry continue to be grants received from the Local Authority and other organisations which are used to support the running cosis of both refuges and the 24-hour domestic abuse helpline. Housing benefit is also received to help fund the running costs of both refuges; this year the Waves Counselling Project ha5 been funded through legaaes and donations. More detail is provided in notes 2 and 14 of these financial statements. Expenditure has increased by £132,767 to £716.059 (including approximately £71k for significant essential building repairs to our male refuge building). Net assets increased to £1,061,474 12024: £1,011,632). During the year the Charity had Positive cash flows of £59,8H. At 31 March 2025. the Charity held total cash balances of £856.261 (2024: £796.417). Reserves Policy It is the policy of the Comwall Refuge Trust to maintain unrestrirted funds at a level which equates to approximately six months total expenditure. This provides sufficient fund5 to cover management, administration, support costs and to respond to emergency expenditure which arises from time to time. As at 31 March 2025 free reserves totalled £30.160. This compares with £28,430 at the previous year end.
CORNWALL REFUGE TRUST Page 9 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW COlNUED 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. There is a new designated reserve of £60,000 to help fund the running of the Waves Counselling Project in the coming year. The designated reserves are not induded in free reserves. Restricted reserves held at 31 March 2025 amounted to £259.422 (2024: £271,094). A description of these funds is provided in note 14. Included in the restricted reserves is £206,336 (2024: £211,299) that relates to tangible fixed assets, which includes the freehold property. The Charity hold5 an expendable endowrnent fund, in the forrn 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 £6,892 (2024: £7,108). Total funds held by the Charity at 31 March 2025 amounted to £1,061,474 (2024: £1,011,632). Risk Pollcy The Trustees have exatnined 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 Tisk5 to which the charity is exposed are: Risk of fraud perpetrated by trustees or employees of the chariry Risk of accidental datnage to the chari5 pioperty Risk of losing funding for suprK)rt costs (Cornwall Council) and additional projects Non-fmancial risks arising from fire and health and safety are managed by weekly health and satety checks of both refuges and the fire alarnis are tested weekly by external companies. Regular health and safety awareness training is provided to staff. Investment Policy The management committee has considered the rnost appropriate policv 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 currendy held in bank deposit accounts with an approved UK regulated bank. 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.
CORNWALL REFUGE TRUST Page 10 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBILlEs IN RELATION TO THE FINANCIAL STATEMENTS The Trustees (who are also directors of the Chariry 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 statetnents unless Ihey are satisfied thai they give a true and fair view of the state of affairs of the charitable company and of its income and expendiwre for that year. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and apply them consistendy. 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 15 inapproptiate 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 statetnents comply with the CopanieS Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preventt.on 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. DISCLOSURE OF INFORMATION TO INDEPEND EXAMINER The Trustees confirm that so far as they are aware at the time of approving the Annual Report, there is no relevant inforniation 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 inforniauon and to establish that the examiner is aware of that infornlation. 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 Furne55 INOV 21. 2025 16..09..L9 GMT) Karen Furness (Trustee) 2111112025 Date:
INDEPENDENT EXAMINER'S REPORT Page 11 TO THE MEMBER OF THE CORNWALL REFUGE TRUST I report to the trustees on my examination of the financial statements of Cornwall Refuge Trust for the year ended 31 March 2025. 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 charitys accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act-). In carrying out my examination, I have followed the Direction5 given by the Chariry Cotntnission (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 companls gross income exceeded £250,000 and I am qualified to undertake the ekimination by being a qualified member of the ICAEW. I have completed my examination. I confirnl that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the fmancial statements do not accord with those records: or the financial statements do not comply with the relevant accounting requirements under section 396 of the Companie5 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 the fmancial statements have not been prepared in accordan 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. Amy Sole (Nov 28, 2025 16".54..$1 GMT) Amy Sole Independent Examiner For and on behalf of: Date: 2811112025 PHILLIPS FRITH CHARTEBD AccouwfAiwrs 9 TREGARNE TERRACE ST AUSTELL
CORNWALL REFUGE TRUST Page 12 CLUDING INCOME AIW EXPENDrruRE ACCOUN STATEMENT OF FINANCIAL AcrIvrriES FOR THE YEAR ENDED 31 MARCH 2025 Total funds Y/E 03 2025 Total funds Un-restrieted Restrieted Endowment futtds funds Notes 81 31 03 2024 INCOME FROM: Donations and grants Charitable activities: Housing benefit and personal service charges Investment Income 221,023 368,456 589,479 406,132 160,105 160,105 130,876 14,908 1.519 14,908 1,519 13.153 1,805 Other TOTAL INCOME 397,555 368,456 766,011 551,966 EXPENDITURE ON: RaAsAng nds. Fundraising Grants 4.047 7.325 11,372 4,047 7,325 11,372 3.625 6,387 10,012 Charitable activities: Housing costs Counselling and support projects 262,246 73,579 335,825 310,670 58.087 368.757 105 573,021 131,666 704,687 347,532 225,748 573,280 105 TOTAL EXPENDITURE 335,825 380.129 105 716,059 583.292 NET INCOME/IEXPENDITURE) AIW NET MOVEMENT IN FUNDS 61,730 (11,673) (105) 49,952 (31,326) Gain/Ooss) on disposal of investments io (106) (106) Change in market value of investments io (5) (5) 1138) RECONCILATION OF FUNDS: Total funds brought forward 733,430 271.094 7,108 1,011,632 1,043,096 TOTAL FUNDS CARRIED FORWARD 795,160 259,421 6,892 1,061,473 1,011,632 The statement of financial activities includes all gains and losses recognised in the year. The note5 on page5 16 to 34 fortn part of these account5.
CORNWALL REFUGE TRUST BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 Page 13 2025 2024 Notes FtXED ASSETS Tangible f]xed assets Investments 208,021 2,752 210,773 212,756 5,494 218,250 io CURRENT ASSETS Debtors Cash at bank and in hand li 5,077 856,261 861,338 4,756 796,417 801,173 13 CURREiwf LIABILT[S Creditors - amounts falling due within one year 12 (10,637) (7,791) 850,701 793,382 NET CURRENT ASSETS NET ASSETS 1,061,474 1,011,632 FUNDS Unrestricted funds Designated funds Other charitable purposes Total unrestricted funds 14 765,000 30,160 705,000 28,430 795,160 733.430 Restricted funds Expendable endowment fund 259,422 6.892 271,094 7.108 TOTAL CHARITY FUNDS 1,061,474 1,011,632 For the finanaal year in questions the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. No member5 have required the company to obtain an audit under Section 476 of the Companies Act 2006. The directors acknowledge their responsibiliry for complying with the requirements of the Act with respect to accounting records and for the preparation of the account5.
CORNWALL REFUGE TRUST BALANCE SHEET (continued) FOR THE YEAR ENDED 31 MARCH 2025 Page 14 These accounts have been prepared in accordance with the provisions applicable to companie5 subject to the small companies, regime within Part 15 of the Companies Act 2006. Approved by the Tru5tee5 and authorised for i55ue on 2111112025 2025 and signed on their behalf by: F6vp Karen Furness Kate Hamilton Company Registration Number 05178212 The notes on pages 16 to 34 forn] part of these financial statements.
CORNWALL REFUGE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Page 15 2025 2024 Notes CASH FLOWS FROM OPERATING Net cash provided by operating activities 15 43,440 (33,210) CASH FLOWS FROM INVESTING ACTIVITIES Interest received Purchase of fixed assets Meteor shares sales income 14.908 (1,135) 2,631 13.153 (1,821) io NET CASH PROVIDED BY INVESTING ACTtVlTIES 16,404 11,332 INCREASE/IDECREASE) IN CASH AND CASH EQUtVALENTS IN THE YLAR 16 59,844 121,878) Increase/(Decrease) in cash and cash equivalents in the year 16 59,8H (21,878) Cash and cash equivalents at the beginning of the year 796,417 818,295 CASH AND CASH EQUIvNTs AT THE END OF THE YEAR 16 856,261 796,417 The notes on pages 16 to 34 forni part of these financial statements.
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 16 I ACCOUNTtNG POIICIES Charity Inforniation 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 Chariry's financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l 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 fllnctlot currency of the Charity. Monetary amounts in these financial statetnents 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 ChariWs ability to continue. b) Fund accounting The Chariry has various types of ndS for which li is responsible. and which require separate disdosure. These are as follows. RESTRIcfED FUNDS These are earniarked by the donor, or the ternis 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 oui in note 14. Discreuonary reallocations between designated and general funds are treated as transfers in the notes to the financial statements. LXPENDABLE ENDOWMENf FUND This was created by a gift of investments from the wcyr. The incorne from these investments is restricted as described in note 14. A descTiPtion 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 2025 Page 17 I ACCOUNTtNG POIICIES (coivfiNUED) 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 purp05e5 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 - pennanent 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 reIVed and the amount can be measured reliably, except as follows-_ when donors specify that grants given to the chlty 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 liabllity. iii) FUNDRAISING EVEKrs Voluntary income ]Sing from events. principally donauons, is recognised in the period in which the event takes place. iv) CHARITABLE ACTtVITIES 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 inforniation about their contribution.
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 18 I ACCOUNTtNG POIICIES (coivfiNUED) e) Expenditure Expenditure is recogni5ed once there is a legal or constructed obligation to tnake a payment to a third party, it 15 probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accTuals basis and is classified under the following activity headings- Costs of raising funds comprise the costs of generating voluniary income and securing grants. Expenditure on charitable activities includes the costs incurred by the Charity in meeting the charitable purposes. 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 Chariry but do not direcdy undertake charitable activities. Support Costs indude managetnent, administration, finance, perso[e1 and governance costs which support the Charityes 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) Tanglble fixed assets and depreciation Tangible f]xed assets costing tnore than £500 are capitalised and induded at C05t including any incidental expenses of acquisition if in line with the donor documentation. Depreciation is prolded on all tangible fixed assets at rates calculated to write off the cost over their expected economic lives as follows: Freehold properry Log Cabin Computer equipment Equipment 50 years on the straight line method lo per annum on the straight line method - 250/0 per annum on the straight line method 20% per annum on the straight line method h) Fixed asset investments Fixed asset investments are initially eaSured 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 stateent of fanCIal actt"viO"es for the year. i) Cash and cash equivalents Cash and cash equivalents are basic financial assets and indude cash in hand, deposits held with banks and short- tenn liquid investments with original maturities of three months or less.
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 19 I ACCOUNTtNG POIICIES (coivfiNUED) j) Financial instruments The Charity only ha5 financial assets and financial liabilitie5 of a kind that qualify as basic financial in5trutnents. Basic financial instnllnenrs are inillally recognised ar transaction value and subsequendy measured at their settlement value. k) Penslon costs Cornwall Refuge Trust offers the auto-enroln]ent pension sChee to its employees and makes contributions as detailed in note 17. The chariry 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 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 20 continued INCOME FROM DONATIOIIIS & GRANrs 2025 2024 Donations and fundraising General donation5 Housing cost donation Counselling and 5UPPOrt project donations Fundraising evenrs Legacies 7,846 785 4,952 8,877 2,371 4,628 41 727 16,644 212,949 226,532 Grants Housing cost grants Counselling and 5UPPOrt project grants Grants for service users Other grants 323,773 19,900 18.874 400 253,186 110,705 15,822 9,775 389,488 362,947 TOTAL 589.479 406,132 The income received from donations induded £5.909 restricted donations (2024: £6,999). The income received from grants induded £362,547 restricted grants (2024: £389,212). Details of restricted income has been included in note 14. The income received from grants induded £168,777 (2024: £233,330) received from local authorities. INVESTMENT INCOME 2025 2024 Bank interest receivable 14.908 13,153 14.908 13,153
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 21 continued 4 TOTAL RESOURCES EXPEIVDED Artivites undertaken directl Support Governance costs costs 2025 Total 2024 Total Cost of raising funds Fundraising Grants 4,047 7,325 4,047 7,325 3,625 6,387 11,372 11,372 10,012 Expendlture on charltable aCtitieS Housing costs Counselling and support projert 496,216 118,131 67,730 11,952 8,970 1,583 572,916 131,666 347,306 225,748 614,347 79,682 10,553 704,582 573,054 Totsl resources expended 614.347 91.054 10.553 715,954 583,066
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 22 continued 5 SUPPORT COSTS ALLOCATION Raising Charxtable Governance funds activities activi Trust Manager's wages AdTninistrator'5 wages Employer's pension contributions Governance costs Fundraising costs 7.556 3,316 500 37,308 26,529 15,845 2,361 3,316 334 4,542 Total support costs - year ended 31/03/2025 11,372 79,682 10,553 Total support costs - year ended 31/03/2024 10,012 74,442 17,543 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 activiry. Governance costs are nde up of the Following: 2025 2024 Independent examination fees Legal and professional fees 4.260 282 3,840 11,441 4,542 15,281 Governance costs have been allocated on a consisient basis to previous years.
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 23 continued 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 $256 of the Taxation of Chargeable GaiT]s Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Chariry. There was no UK Corporation Tax payable by Cornwall Refuge Trust in 2025 or 2024. STAFF COSTS AIW TRUSTEES. REMUNERATION 2025 2024 Wages and salaries Social security costs Pension contributions 349.753 26,489 16,679 323.255 23,597 15,386 392,922 362,238 Pension costs are allocated to activilles in proporrion to the related staffmg costs incurred. These are allocaied 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 anager Administrator PTojeLt/Residential manager Senior refuge support worker Support workers Children's workers Counselling co-ordinator 14 14 No ernployee 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 £50.055 (2024: £42.827}. The Trustees were not paid or reimbursed for expenses during the year. The Trustees reiVed no remuneration during the year.
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 24 continued NET MOVEMEivfs IN FUNDS Net movement in funds is arrived at after charging". 2025 2024 Depreciation of tangible fixed assers Auditors, remuneration: - other accountancy seNices 5.870 6,138 4,260 3,840 TANGIBI FIXED ASSETS Freehold land and bullditigs Compllter equlpmexkt g eabltt Equlpment Total Cost: At l April 2024 Additions At 31 March 2025 263,931 11,555 2,334 33,949 1,135 35,084 311,769 1,135 312,904 263,931 11,555 2,334 Depreciation: At l April 2024 Charge for the year At 31 March 2025 52.632 5,279 57,911 11.555 2.334 32.492 591 33,083 99,013 5,870 104,883 11,555 2,334 Net Book Value: 3 1-Mar-25 206.020 211,299 2.001 1,457 208,021 212,756 31-Mar-24 All fed assets are held for charitable use.
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 25 continued 10 FIXED ASSET INVESTlVtEwrs en-end investment fund Cost or valuation At l April 2024 Cost of investments disposed Change in market value of investments At 31 March 2025 5.494 (2,737) (5) 2.752 Disposal proceeds Original cost Gain/(loss) on disposal of investments 2.631 (2,737) (106) 11 DEBTORS 2025 2024 Trade debtors Prepayments and accrued income Other debtor5 262 4.815 663 4,093 5,077 4,756 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other taxes and social securiry Accruals Other creditors 10,637 7,791 10,637 7,791
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 26 continued 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS Designated Unrestricted Restricted Endowment funds funds nds Total Tangible fixed assets Cash ar bank and in hand Other net current liabilities 1,685 34.035 (5.560) 206,336 53.086 2,752 4.140 210,773 856,261 (5.560) 765.000 TOTAL FUNDS 765,000 30.160 259,422 6,892 1,061,474 Analysls of net assets between funds - prevlous y& Designated Unrestricted RestrACted Endowment funds funds funds funds Total Tangible f]xed assets Cash at bank and in hand Other net current liabilities 1.457 25,187 1,786 211,299 64,616 (4,821) 5.494 1,614 218,250 796,417 (3,035) 705,000 TOTAL FUNDS 705,000 28,430 271,094 7,108 1,011,632
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 27 continued 14 STATEMENT OF FUNDS Analysis of movement An funds - current year Balance at Batan¢e at 31 March 2025 202 Itteome Transfers Desismated funds Move on house fund and/or propery purchase fund 6 months running costs Fundraising cost5 Wave5 Project Fund 400,000 400,000 275,000 30,000 275,000 30,000 60,000 60,000 Total designated ndS Other charitable purposes 705.000 28,430 60,000 (60,000) 765,000 30,160 397,555 (335,825) Total unrestricted funds 733.430 397.555 (335,825) 795,160 Restrlcted funds Realised Endowment Fund Children's project Children's project: fixed asset transfer Helpline funding Support Group - Women Support Group - Men WAVES donations and grants Cost of living crisis fund Male Refuge Norda fund Outdoor play equipment fund Male refuge donations Big Lottery Awards4AII (Norda Child and Family work) ACTS 435 Cornwall Council Children's Project Cornwall CounLiI Norda Grant 45,492 3,416 45,492 3,158 (1,499) 395 (395) 19,900 785 650 3,456 5,000 (5,154) (1,007) (506) (3,456) (5,000) (5,359) (196) (377) 14,746 1,914 953 2,136 809 188,929 196 377 183,570 2,860 2,860 960 (960) 7,593 75 (7,593) 6,722 134,996 (141,793) Cornwall Council Resettlement Project Staff Wellbeing Fund Total restricted funds c/fwd 13.444 (13,444) 217 72 (289) 265,544 166,665 (165,596) (14,315) 252,693
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 28 continued 14 STATEMENf OF FUNDS (continued) Totsl restricted funds b/fwd 265,544 166,665 (165,596) (14,315) 252,693 Cornwall Council Disability Adaptations Fund Cornwall Council Women's Refuge grant 5,972 5,972 (3,527) 168,777 (179,565) 14,315 Soroptimist School Uniforni Grant loo 150) 57 Sunriving Winter Fund Pirate FM Cash for Kids Women's aid emergency fund 3,000 (3,000) (450) (9,832) 500 1,832 50 650 8,650 Garfield Weston grant for core costs 20,000 (20,000) Buttle UK granrs 766 1,264 (2,030) Total restricted funds 271.094 368.456 (380.523) 259,422 Expendable endowment fid 7.108 (216) 6,892 TOTAL FUNDS 1,011,632 766,011 (716,564) 1,061,474
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 29 continued 14 STATEMENf OF FUNDS (continued) Analysis of movements in funds - previous year Balance at Balance at 31 March 2024 2023 Incorne enditure Transfers Designated funds Move on house fund and/or property purchase fund 6 tnonth5 running costs Fundraising costs 400.000 400,000 275,000 30,000 275,000 Total desIated funds Other charitable purposes 400.000 329,108 305,000 (305,000) 705,000 28,430 155,754 (151,432) Total unrestricted funds 729 108 155 754 151432 733 430 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 Awards4AII (Acorn Group) West Cornwall Youth Trust Acorn Group travel fund Outdoor play equipment fLd Male refuge donations Big Lottery Award54AII (Norda Child and Family work) ACTS 435 The Tudor Trust Fund Pat Newman Memorial Trust 45,492 2.119 45,492 3,416 2.734 10,200 2,371 759 17,385 1,700 (5.678) (10,208) (2,372) (683) (18.142) (1.730) (5,279) 4.241 2,137 733 758 31 2,136 809 (i) (i) 194,208 188,929 419 (419) 1.328 465 M7 628 (1.328) (465) (251) (25 1) 196 377 2.860 2,860 1,305 (1,305) (12,782) 12.782 2,500 (2,500) Total restrirted funds c/fwd 266,907 36,454 (59,146) 244,215
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 30 continued 14 STATEMENf OF FUNDS (continued) Totsl restricted funds b/fwd 266,907 36,454 159,146) 244,215 Cornwall Council Children's Project Cornwall Council Norda Grant Cornwall Council Resettlement Project Staff Wellbeing Fund Cornwall Council Disability Adaptations Fund Cornwall Council Women's Refuge grant SoroptiIn15t School Unifortn Grant Surviving Winter Fund Pirate FM Cash for Kids DWP Household Support Grant Women's aid emergency fund Buttle UK grants 6,941 48,355 120.360 (47,703) (120.285) 7,593 75 24,306 45,900 (56,762) 13,444 1,000 (783) 217 6.032 (60) 5,972 132.825 (136.352) (3.527) loo (93) (3.500) (1,200) (330) (4,118) (1,301) 3.500 800 900 330 500 5,950 2,067 1,832 766 Total restrlcted funds 306,516 396,211 (431,633) 271,094 Expendable endowment fund 7,472 (364) 7,108 TOTAL FUNDS 1.043.096 551,965 (583,429) 1,011,632
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 31 continued 14 STATEMENf 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 itnprovements to Norda House in 2015 and 2016 and 50 became part of the fixed a55etS. The Cornwall Council Women's Refuge grant represents monies given by Cornwall Council towards staff wages and running costs of the Women's Refuge (from April 2024 this included resettlement and work with children & families). The Children's Project represents donations towards the provision of children's activities, play materials and support of fatnilies. During the year £395 was spent on equipment treated as assets. The value at the year end is £317 net of depreciation. The Helpline funding represents monies given by Cornwall Council towards the running costs of the domestic abuse helpline (ended March 2024). The Support Group - Women fund indudes 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 (including client 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 projert (ended June 2023). The CCF Cost of Living Crisis Fund represents monies given by the Cornwall Communiry 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 School Uniform Fund represents monies given by St Austell Sorpotitnists to fund school unitorm for the children staying at the women's refuge. The Big Lottery Awards4AII (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 Acom 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 dients. The outdoor play equipment fund represents money given by St Austell Soroptimists to help nd 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 Awards4AII (Norda Child and Family work) represents a grant given by the Big Lottery Fund towards the cosr of employing a Children and Family worker and activiiies for fatnilies staying in Norda House. The ACTS 435 fund represents donations given by All Saints Highertown Acts 435 to support the needs of refuge residents.
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 32 continued 14 STATEMENf OF FUNDS (continued) The Tudor Trust fund represents grant monies given by the Tudor Trust to nd resettlement workers and the Waves counselling project (ended September 2023). 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 (ended March 2024). The Meteor Shares CYP fund represents income and expenses relating to the gifted 5hare5 fron] the West Cornwall Youth Tnjst, 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 (from April 2024 this included resetdement and work with children & families). The Cornwall Council Resettlement grant represents funding for resetdement workers to assist service users as they prepare to leave refuge and while they settle in the cotnmunity (ended March 2024). 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 grant5 represents fLmding 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. The Garfield Weston Foundation grant represents flding awarded in November 2024 toward5 operating / core costs. The National Lottery Comtnunity Fund grant iepiesents funding awarded in January 2025 foi CRT'S Urgent Response Pilot project to be delivered through CRT'S 24-hour Domesuc Abuse Helpline service. 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 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 33 continued 15 RECONCILATIOIII OF NET MOVEMENf IN FUNDS TO NET CASH INFLOW FROM OPERATING ACTIvrrIES 2025 2024 Net tnovetnent 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 49,952 5.870 (14,908) (321) (31,326) 6,138 (13,153) 3.857 2,847 1,274 Net cash provided/(absorbed) by operating activities (33 210) 16 CASH AND CASH EQUIVALENTS Cash Flow 2024 2025 Cash at bank and in hand 796,417 59,844 856,261 17 PENSION COSTS In 2018 the Charity started offering an auto-enrolment pension scheme to all employees. The contribution rate in 2024/25 was 30/0 for the employee and 5 % for the employer contribuuons. The total pension cost to the Charity for the year was £16,679 12024: £15,386). Outstanding contributions at 31 March 2025, included in other creditors, amounted to £Nil (2024: £Nil). 18 OPERATING LEASE COMMITMENTS 2025 2024 Within one year Between two and five years 5,741 19,614 1,049 25,355 1,049
CORNWALL REFUGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page 34 continued 19 FtTfuRE OPERATIONS AND THE CURRENf ECONOMtC ENVttiO1ENT 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 Furnes5 and Ms K Hatnilton, are partners of Cornwall Iaw LIP. No payments were made to Cornwall Law LLP (2024: £Nil). There were no outstanding amounts due at the year end (2024: £Nil).