**REGISTERED COMPANY NUMBER: 05237220 (England and Wales) REGISTERED CHARITY NUMBER: 1116299**
**Report of the Trustees and**
**Unaudited Financial Statements**
**for the Year Ended 30th September 2020**
**for**
**The Dracaena Centre Ltd**
Hodgsons Chartered Accountants 48 Arwenack Street Falmouth Cornwall TR11 3JH
**The Dracaena Centre Ltd**
## **Contents of the Financial Statements for the Year Ended 30th September 2020**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Statement of Financial Position**||7||
|**Notes to the Financial Statements**|8|to|20|
|**Detailed Statement of Financial Activities**||21||
**The Dracaena Centre Ltd**
**Reference and Administrative Details for the Year Ended 30th September 2020**
|**TRUSTEES**|C S F Smith|
|---|---|
||G A Grant|
||P R Wyatt (resigned 11.11.20)|
||M Holdroff|
||L A Trenchard|
||J Chappel|
||S R Fearn|
|**COMPANY SECRETARY**|R J May|
|**REGISTERED OFFICE**|The Dracaena Centre|
||Dracaena Avenue|
||Falmouth|
||Cornwall|
||TR11 2ES|
|**REGISTERED COMPANY NUMBER**|05237220 (England and Wales)|
|**REGISTERED CHARITY NUMBER**|1116299|
|**INDEPENDENT EXAMINER**|Hodgsons|
||Chartered Accountants|
||48 Arwenack Street|
||Falmouth|
||Cornwall|
||TR11 3JH|
|**SOLICITORS**|Hine Downing|
||8 - 14 Berkeley Vale|
||Falmouth|
||Cornwall|
||TR11 3PA|
|**BANKERS**|Barclays Bank PLC|
||Leicester|
||LE87 2BB|
||Scottish Widows Bank PLC|
||Edinburgh|
||EH3 8YJ|
Page 1
**The Dracaena Centre Ltd**
## **Report of the Trustees for the Year Ended 30th September 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th September 2020. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Operations Update**
The Dracaena Centre is operated as a registered charity, located between Falmouth and Penryn and serves the two towns of Falmouth and Penryn and the surrounding rural hinterland.
The Centre promotes sports, health, training, and restorative and social justice, and supports young people, early years, families, and the wider community.
We're aware that strong communities are built of empowered individuals. By providing guidance, support and understanding, all within an open and inclusive environment, we help residents and the wider community to develop and prosper.
We provide a restorative approach and an ethos & philosophy for making, maintaining and repairing relationships and fostering a sense of shared social responsibility, and believe that increasing individuals' health & wellbeing through activities, helps them become confident, outgoing, and ready to take on life.
## **Our Vision**
Dracaena's vision is for an empowered, mutually supportive, and inclusive community within Falmouth & Penryn whilst also serving the surrounding rural hinterland.
While it is recognised Dracaena cannot bring this vision to fruition by itself, and that it will only ever be a 'work in progress'; it will continuously strive towards this goal in tandem with its partners and supporters.
## **Our Mission**
Our mission is to empower individuals through guidance, support and understanding, and to build capacity and cohesion to develop a strong, mutually supportive, and inclusive community within Falmouth & Penryn whilst also serving the surrounding rural hinterland.
Our aims focus on
- Health and Well-being
- Economic Security
- Community Capacity and Cohesion
- Social Justice
## **Our beliefs**
Dracaena believes that developing and empowering individuals together with providing a safe and supportive environment, fosters relationships and helps build a mutually supportive and inclusive community.
Increasing individuals' health and well-being through a variety of activities helps them become confident, outgoing, and ready to take on life. By offering a wide range of informal and developmental multi-sport activities, and supporting people in making regular sports participation part of their long term lifestyle, we can make a significant impact on their long term physical and mental health and well-being. We also believe that sport is a fantastic tool for young people to build their confidence, skills and abilities and improves opportunities for volunteering and employment.
We feel that providing a safe and supportive environment within the Dracaena Centre is key to our facilitation of activities that promote social and intergenerational interaction and builds community cohesion.
Supporting young people to form positive relationships and a sense of community in an inclusive, relaxed and fun environment, while developing skills in an informal educational setting, puts them on the road to being valued and making a positive contribution.
Through our restorative justice work, we provide an ethos & philosophy for making, maintaining and repairing relationships and fostering a sense of shared social responsibility.
Helping those not in training or employment by supporting them to gain recognised qualifications to improve volunteering and/or employment prospects builds individual self-confidence and self-worth and helps build economic security for individuals and families.
Page 2
**The Dracaena Centre Ltd**
## **Report of the Trustees for the Year Ended 30th September 2020**
Whilst we host over 45 community-based clubs, local organisations and statutory services at the Centre, we also account for 38% of all the delivery across our charitable aims. This Dracaena 'branded' delivery includes:
Community Café, Mediation, Youth Services, Toy Library, Toddler Group, Zumba, Basketball, Table Tennis, Older Peoples Fitness, 50 Plus Social Group and Early years support, Family Support Services, Information, Advice & Guidance (young people), Access to Legal Advice, Youth Justice, Victim Care, Volunteering and Community Education.
We host the following activities: Baby Yoga, Yoga, Pilates, Addiction Support, Healthy Weight, Counselling, Slimming World, Youth Theatre, Table Tennis, Baby Dance, Boxing and Martial Arts, Food Cooperative, Uniformed Youth, Anxiety and mental health organisations, Art Workshops.
Our activities change lives by producing intermediate outcomes in seven main areas:
- Improved Physical & Mental Well-Being
- Improved Life & Leisure Skills
- Feeling Good, Happiness, Enjoyment
- Increased Self-Confidence / Self Esteem / Self Worth / Self Discipline
- Improved Inter-Personal & Communication Skills; Development of Relationships
- Improved Respect & Reduced Anti-Social Behaviour
- Achievement of Formal Qualifications and Accredited Certificates
Taken together, these in turn produce global outcomes in terms of:
- Individual Capacity Building & Empowerment
- Improved Employability
- Improved Quality of Life (Individual and Families)
- Improved Community Spirit & Empowerment
The above intermediate and global outcomes feed into four main long-term impacts that work towards our vision of building mutually supportive and inclusive community:
- Health & Well-Being
- Economic Security
- Social Justice
- Community Capacity & Cohesion
## **Reach**
- 40,000 Attendances over the year - Health & Wellbeing 25% of total delivery
- Community Support 30% of total delivery
- Sport and leisure 15% of total delivery
- Education & Training 10% of total delivery
- Young People 20% of total delivery
## **Staffing**
- Full Time 1
- Part Time 11
- Sessional 3
- Volunteers 12
## **Public benefit**
The trustees confirm that they have complied with the duty under Section 4 of the Companies Act 2006 to have due regard to the Charity Commission's general guidance on public benefit.
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
Through creating opportunities for individuals and groups to develop in a range of ways, The Dracaena Centre is committed to promoting open and equal access to its activities and strengthening the communities it serves.
The Dracaena Centre aims to increase the health, employability, skills, leisure opportunity and ultimately the long term quality of life for the residents of the community. we aim to achieve this by providing better access to services such as advice, guidance, youth activity, recreation, healthy eating, employment and training. The target group are those who are disadvantaged within our community. We are working with and delivering support to the vulnerable and homeless, returners to work, ex-offenders, young people at risk of exclusion, those recovering from substance misuse and those not in employment, education or training. We are also delivering programmes of positive activities to young people which directly supports those residents who are fearful of crime and anti-social behaviour. Participants benefit from increased self esteem and confidence as a result of their participation in the offered programmes, activities and events.
Page 3
**The Dracaena Centre Ltd**
## **Report of the Trustees**
## **for the Year Ended 30th September 2020**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Dracaena Centre Limited is a charitable company limited by guarantee and not having a share capital. It was incorporated on 21 September 2004 and is governed by its memorandum and articles. The charity was registered with the Charities Commission on 7 October 2006.
## **Recruitment and appointment of new trustees**
New trustees are inducted into the work of the charity.
## **Organisational structure**
Day to day management of the centre is delegated to the Centre Manager R May.
## **Key management remuneration**
Total remuneration paid to key management personnel during the period was £41,288 (2019: £40,266). 02/11/2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ M Holdroff - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of The Dracaena Centre Ltd**
## **Independent examiner's report to the trustees of The Dracaena Centre Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors 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 the Company are not required to be audited 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.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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 accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
James Hodgson BA (Hons) FCA ICAEW Hodgsons Chartered Accountants 48 Arwenack Street Falmouth Cornwall TR11 3JH 02/11/2021 Date: .............................................
Page 5
**The Dracaena Centre Ltd**
## **Statement of Financial Activities**
## **(Incorporating an Income and Expenditure Account) for the Year Ended 30th September 2020**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**Charitable activities**
5
Room hire etc
Grants
Investment income
4
Other income
6
**Total**
**EXPENDITURE ON**
**Charitable activities**
7
Administration and activity expenses
Governance costs
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
17
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**2020**
Unrestricted
Restricted
**Total**
fund
funds
**funds**
£
£
**£**
**197**
**-**
**197**
**71,568**
**-**
**71,568**
**20,000**
**185,987**
**205,987**
**492**
**-**
**492**
**30,613**
**-**
**30,613**
**122,870**
**185,987**
**308,857**
**98,235**
**196,899**
**295,134**
**2,460**
**-**
**2,460**
**100,695**
**196,899**
**297,594**
**22,175**
**(10,912)**
**11,263**
**(4,097)**
**4,097**
**-**
**18,078**
**(6,815)**
**11,263**
**163,211**
**1,115,285**
**1,278,496**
**181,289**
**1,108,470**
**1,289,759**|2019
Total
funds
£
354
101,023
178,587
494
-
280,458
240,061
4,956
245,017
35,441
-
35,441
1,243,055
1,278,496|
|---|---|---|
The notes form part of these financial statements
Page 6
**The Dracaena Centre Ltd**
## **Statement of Financial Position**
## **30th September 2020**
|Notes
**FIXED ASSETS**
Tangible assets
14
**CURRENT ASSETS**
Debtors
15
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**601**
**9,673**
**180,892**
**190,565**
**(9,877)**
**180,688**
**181,289**
**181,289**|Restricted
funds
£
**1,020,343**
**44,842**
**48,286**
**93,128**
**(5,001)**
**88,127**
**1,108,470**
**1,108,470**|**2020**
**Total**
**funds**
**£**
**1,020,944**
**54,515**
**229,178**
**283,693**
**(14,878)**
**268,815**
**1,289,759**
**1,289,759**
**181,289**
**1,108,470**
**1,289,759**|2019
Total
funds
£
1,027,720
14,507
244,309
258,816
(8,040)
250,776
1,278,496
1,278,496
163,211
1,115,285
1,278,496|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 02/11/2021
............................................. M Holdroff - Trustee
The notes form part of these financial statements
Page 7
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements for the Year Ended 30th September 2020**
## **1. INFORMATION**
The Dracaena Centre Limited is a private charitable company, limited by guarantee, registered in England and Wales. The company registration number and registered office address can be found within the Report of the Trustees.
The financial statements cover an individual entity.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in Sterling which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest pound sterling.
## **Going concern**
The board has considered a period of twelve months from the date of approval of the financial statements and the board has a reasonable expectation that the charitable company has adequate resources to continue in operation existence for the foreseeable future. There are no material uncertainties that may cast a significant doubt over the charitable company's ability to continue as a going concern.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Governance costs**
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **Tangible fixed assets**
Tangible assets are initially measured at cost. Such costs include costs directly attributable to making the asset capable of operating as intended. Subsequent to initial recognition, tangible assets are stated as cost less accumulated depreciation and accumulated impairment.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years to its residual value; land is not depreciated Equipment - 20% or 25% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30th September 2020**
## **2. ACCOUNTING POLICIES - continued**
## **Financial instruments**
The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments" of FRS 102 to all of its financial instruments.
Financial assets and liabilities are recognised in the charity's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are classified into specified categories. The classification depends on the nature and purpose of the financial asset or liability and is determined at the time of recognition.
Basis financial assets, which include trade and other receivables, and cash and bank balances, are initial measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, which include trade and other payables are initially measured at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest and subsequently carried at amortised cost.
Financial liabilities are derecognised when, and only when, the charity's obligations are discharged, cancelled or they expire.
## **3. DONATIONS AND LEGACIES**
## **4.**
## **5.**
|Donations
**INVESTMENT INCOME**
Deposit account interest
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Room hire
Room hire etc
Café
Room hire etc
Grants
Grants
Grants received, included in the above, are as follows:
Falmouth Town Council (Youth)
Kids Out Fun Day
People's Health Trust
Special Olympics
Big Lottery
Comic Relief
Legal Aid
Four Seasons
Youth Justice Project
Awards 4 all 3
Tampon Tax
GWR Youth Education
Carried forward||**2020**
**£**
**197**
**2020**
**£**
**492**
**2020**
**£**
**58,363**
**13,205**
**205,987**
**277,555**
**2020**
**£**
**20,000**
**-**
**-**
**-**
**87,527**
**-**
**14,128**
**-**
**8,346**
**-**
**-**
**-**
**130,001**||2019
£
354
2019
£
494
2019
£
86,938
14,085
178,587
279,610
2019
£
10,000
500
1,947
500
85,428
1,727
16,290
17
16,146
9,930
1,000
4,832
148,317|
|---|---|---|---|---|
Page 9
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30th September 2020**
## **5. INCOME FROM CHARITABLE ACTIVITIES - continued**
|Brought forward
Boex
Big Lottery - PR Fund
Kirkham
Seasalt
IWill CCF
Co-Op
CCF Worval
Refresh Reserve Boex
Pendennis
CLLD Refresh
COVID-19 Food Parcels
Good Things Foundation
Linked Up
Summer ASB
COVID YW Support
IWill 2
CCF Core
**6.**
**OTHER INCOME**
Government grants
Insurance claim
**7.**
**CHARITABLE ACTIVITIES COSTS**
Administration and activity expenses
Governance costs
**8.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Premises Costs
Internal room hire costs
Direct activity expenditure
Insurance
Telephone
General administrative costs
Repairs & renewals
Depreciation|Direct
Costs (see
note 8)
£
**295,134**
**-**
**295,134**|**2020**
**£**
**130,001**
**9,506**
**-**
**-**
**-**
**-**
**2,985**
**-**
**-**
**3,000**
**16,659**
**2,000**
**1,050**
**5,066**
**1,200**
**5,000**
**4,520**
**25,000**
**205,987**
**2020**
**£**
**25,612**
**5,001**
**30,613**
Support
costs (see
note 9)
£
**-**
**2,460**
**2,460**
**2020**
**£**
**182,053**
**16,256**
**9,775**
**56,060**
**3,458**
**5,248**
**4,195**
**11,312**
**6,777**
**295,134**|2019
£
148,317
3,962
15,000
346
1,000
5,000
400
800
3,762
-
-
-
-
-
-
-
-
-
178,587
2019
£
-
-
-
Totals
£
**295,134**
**2,460**
**297,594**
2019
£
147,385
14,802
13,230
31,745
4,186
4,426
6,410
10,969
6,908
240,061|
|---|---|---|---|
Page 10
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30th September 2020**
## **9. SUPPORT COSTS**
## **10.**
|**SUPPORT COSTS**|||
|---|---|---|
|||Governance|
|||costs|
|||£|
|Governance costs||**2,460**|
|Support costs, included in the above, are as follows:|||
|**Governance costs**|||
|Accountancy and legal fees|**2020**
Governance
costs
**£**
**2,460**|2019
Total
activities
£
**4,956**|
|**NET INCOME/(EXPENDITURE)**|||
|Net income/(expenditure) is stated after charging/(crediting):|||
|Depreciation - owned assets|**2020**
**£**
**6,776**|2019
£
6,908|
|Premises costs|**16,256**|14,802|
|Internal room hire costs|**9,775**|13,230|
|Independent examiner's remuneration - Independent examination|**360**|1,980|
|Independent examiner's remuneration - Accountancy services|**1,440**|-|
## **11. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30th September 2020 nor for the year ended 30th September 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30th September 2020 nor for the year ended 30th September 2019.
## **12. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees|**2020**
**£**
**173,777**
**5,566**
**2,710**
**182,053**
**2020**
**19**|2019
£
140,556
3,796
3,033
147,385
2019
20|
|---|---|---|
No employees received emoluments in excess of £60,000.
Page 11
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30th September 2020**
## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Room hire etc
Grants
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Administration and activity expenses
Governance costs
**Total**
**NET INCOME**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**14.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1st October 2019 and
30th September 2020
**DEPRECIATION**
At 1st October 2019
Charge for year
At 30th September 2020
**NET BOOK VALUE**
At 30th September 2020
At 30th September 2019||Unrestricted
fund
£
252
101,023
-
494
101,769
84,794
4,956
89,750
12,019
(7,613)
4,406
158,804
163,210
Freehold
property
£
**1,351,526**
**326,432**
**6,252**
**332,684**
**1,018,842**
1,025,094||Restricted
funds
£
102
-
178,587
-
178,689
155,267
-
155,267
23,422
7,613
31,035
1,084,251
1,115,286
Equipment
£
**21,224**
**18,598**
**524**
**19,122**
**2,102**
2,626||Total
funds
£
354
101,023
178,587
494
280,458
240,061
4,956
245,017
35,441
-
35,441
1,243,055
1,278,496
Totals
£
**1,372,750**
**345,030**
**6,776**
**351,806**
**1,020,944**
1,027,720|
|---|---|---|---|---|---|---|
Page 12
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30th September 2020**
## **15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
Social security and other tax
Accruals and deferred income|**2020**
**£**
**54,468**
**47**
**54,515**
**2020**
**£**
**6,920**
**1,530**
**709**
**5,719**
**14,878**|2019
£
14,507
-
14,507
2019
£
-
570
1,859
5,611
8,040|
|---|---|---|
Page 13
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30th September 2020**
## **17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Dracaena Centre Fund
Office Service Fund
Crimebeat Fund
Cornwall Sports Partnership: Extended
Services
Duchy Health Trust
Falmouth Town Council (Youth)
F&P Activity
Big Lottery - Reaching Communities
Legal Aid
Crisis Fund
Youth Justice Project
Awards 4 all 2
Awards 4 all 3
Tampon Tax
Boex - Education
Big Lottery - PR Fund
Community Chest - Jayne Kirkham
Seasalt
Youth Surplus Fund
General Surplus Fund
Anna Gillet
IWill CCF
Pendennis
Co-op
CCF Worval
Refresh Reserve Boex
Cornwall Community Core
COVID-19 Food Parcels
Linked Up
CLLD Refresh
IWill 2
COVID YW Support
Summer ASB
Food For Change
Good Things Foundation
**TOTAL FUNDS**|At
1.10.19
£
**163,211**
**1,022,871**
**3,214**
**335**
**81**
**1,030**
**(677)**
**(1,604)**
**35,558**
**11,784**
**149**
**12,172**
**6**
**5,324**
**252**
**3,478**
**10,302**
**88**
**29**
**3,033**
**790**
**140**
**2,057**
**(89)**
**400**
**800**
**3,762**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,115,285**
**1,278,496**|Net
movement
in funds
£
**22,175**
**(5,688)**
**(648)**
**(67)**
**(16)**
**(206)**
**2,984**
**(709)**
**6,577**
**1,313**
**(36)**
**(13,088)**
**-**
**(5,324)**
**(252)**
**3,468**
**(4,772)**
**-**
**-**
**(659)**
**(139)**
**(80)**
**(1,934)**
**1,432**
**2,312**
**-**
**-**
**169**
**(164)**
**2,885**
**(116)**
**3,989**
**3,347**
**885**
**(7,425)**
**1,050**
**(10,912)**
**11,263**|Transfers
between
funds
£
**(4,097)**
**(564)**
**-**
**-**
**-**
**-**
**-**
**300**
**4,672**
**-**
**-**
**3,065**
**(6)**
**-**
**-**
**-**
**-**
**(88)**
**(29)**
**300**
**(651)**
**(60)**
**(123)**
**(300)**
**(2,414)**
**-**
**-**
**(169)**
**164**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,097**
**-**|At
30.9.20
£
**181,289**
**1,016,619**
**2,566**
**268**
**65**
**824**
**2,307**
**(2,013)**
**46,807**
**13,097**
**113**
**2,149**
**-**
**-**
**-**
**6,946**
**5,530**
**-**
**-**
**2,674**
**-**
**-**
**-**
**1,043**
**298**
**800**
**3,762**
**-**
**-**
**2,885**
**(116)**
**3,989**
**3,347**
**885**
**(7,425)**
**1,050**
**1,108,470**
**1,289,759**|
|---|---|---|---|---|
Page 14
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 30th September 2020**
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Dracaena Centre Fund
Office Service Fund
Crimebeat Fund
Cornwall Sports Partnership: Extended
Services
Duchy Health Trust
Falmouth Town Council (Youth)
F&P Activity
Big Lottery - Reaching Communities
Legal Aid
Crisis Fund
Youth Justice Project
Awards 4 all 3
Tampon Tax
Boex - Education
Big Lottery - PR Fund
Youth Surplus Fund
General Surplus Fund
Anna Gillet
IWill CCF
Pendennis
Co-op
Cornwall Community Core
COVID-19 Food Parcels
Linked Up
CLLD Refresh
IWill 2
COVID YW Support
Summer ASB
Food For Change
Good Things Foundation
**TOTAL FUNDS**|Incoming
resources
£
**122,870**
**-**
**-**
**-**
**-**
**-**
**20,000**
**-**
**87,527**
**14,128**
**-**
**8,345**
**-**
**-**
**9,506**
**1**
**-**
**-**
**-**
**-**
**2,999**
**2,985**
**5,000**
**2,000**
**5,066**
**16,660**
**4,520**
**5,000**
**1,200**
**-**
**1,050**
**185,987**
**308,857**|Resources
Movement
expended
in funds
£
£
**(100,695)**
**22,175**
**(5,688)**
**(5,688)**
**(648)**
**(648)**
**(67)**
**(67)**
**(16)**
**(16)**
**(206)**
**(206)**
**(17,016)**
**2,984**
**(709)**
**(709)**
**(80,950)**
**6,577**
**(12,815)**
**1,313**
**(36)**
**(36)**
**(21,433)**
**(13,088)**
**(5,324)**
**(5,324)**
**(252)**
**(252)**
**(6,038)**
**3,468**
**(4,773)**
**(4,772)**
**(659)**
**(659)**
**(139)**
**(139)**
**(80)**
**(80)**
**(1,934)**
**(1,934)**
**(1,567)**
**1,432**
**(673)**
**2,312**
**(4,831)**
**169**
**(2,164)**
**(164)**
**(2,181)**
**2,885**
**(16,776)**
**(116)**
**(531)**
**3,989**
**(1,653)**
**3,347**
**(315)**
**885**
**(7,425)**
**(7,425)**
**-**
**1,050**
**(196,899)**
**(10,912)**
**(297,594)**
**11,263**|
|---|---|---|
Page 15
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 30th September 2020**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Dracaena Centre Fund
Office Service Fund
Crimebeat Fund
Cornwall Sports Partnership: Extended
Services
Duchy Health Trust
Together For Families
Falmouth Town Council (Youth)
Captains
Cornwall Voluntary
Toy Library
F&P Activity
People's Health Trust
Special Olympics
Big Lottery - Reaching Communities
Comic Relief
Legal Aid
Four Seasons
Crisis Fund
Fill The Gap
Aviva
Tesco (cafe)
Youth Justice Project
Lloyds Foundation
Awards 4 all 2
West Cornwall Youth Trust
Young Peoples Education
Guy Beringer
Awards 4 all 3
Tampon Tax
GWR Youth Education
Boex - Education
Big Lottery - PR Fund
Community Chest - Jayne Kirkham
Seasalt
Cornwall Community Foundation -
Universal Credit
Youth Surplus Fund
General Surplus Fund
Anna Gillet
IWill CCF
Pendennis
Co-op
CCF Worval
Refresh Reserve Boex
**TOTAL FUNDS**|At
1.10.18
£
158,804
1,028,561
3,884
418
102
1,288
3,046
16,694
95
62
2,333
(1,088)
5,616
215
(6)
(4,307)
(360)
-
222
562
(19)
(8)
6,770
6,057
3,551
2,383
1,097
7,083
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,084,251
1,243,055|Net
movement
in funds
£
12,020
(5,690)
(670)
(83)
(21)
(258)
(2,169)
(16,661)
-
-
(1,375)
(578)
(5,476)
(199)
35,564
(2,593)
5,061
17
(73)
(385)
-
1
5,402
(6,037)
(2,749)
(1,542)
-
-
5,324
252
(484)
3,962
10,302
88
29
(720)
(1,375)
(263)
(110)
2,057
(89)
400
800
3,762
23,421
35,441|Transfers
between
funds
£
(7,613)
-
-
-
-
-
(877)
(710)
(95)
(62)
(958)
62
(140)
(16)
-
6,900
7,083
(17)
-
(177)
19
7
-
(20)
(796)
(841)
(1,097)
(7,083)
-
-
484
(484)
-
-
-
720
4,408
1,053
250
-
-
-
-
-
7,613
-|At
30.9.19
£
163,211
1,022,871
3,214
335
81
1,030
-
(677)
-
-
-
(1,604)
-
-
35,558
-
11,784
-
149
-
-
-
12,172
-
6
-
-
-
5,324
252
-
3,478
10,302
88
29
-
3,033
790
140
2,057
(89)
400
800
3,762
1,115,285
1,278,496|
|---|---|---|---|---|
Page 16
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 30th September 2020**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Dracaena Centre Fund
Office Service Fund
Crimebeat Fund
Cornwall Sports Partnership: Extended
Services
Duchy Health Trust
Together For Families
Falmouth Town Council (Youth)
Kids Out Fun Day
Toy Library
F&P Activity
People's Health Trust
Special Olympics
Big Lottery - Reaching Communities
Comic Relief
Legal Aid
Four Seasons
Crisis Fund
Fill The Gap
Tesco (cafe)
Youth Justice Project
Lloyds Foundation
Awards 4 all 2
West Cornwall Youth Trust
Awards 4 all 3
Tampon Tax
GWR Youth Education
Boex - Education
Big Lottery - PR Fund
Community Chest - Jayne Kirkham
Seasalt
Cornwall Community Foundation -
Universal Credit
Youth Surplus Fund
General Surplus Fund
Anna Gillet
IWill CCF
Pendennis
Co-op
CCF Worval
Refresh Reserve Boex
**TOTAL FUNDS**|Incoming
resources
£
101,769
(1)
-
1
(1)
-
-
10,000
500
1
-
1,947
500
85,428
1,727
16,290
17
-
-
1
16,147
-
-
1
9,930
1,000
4,832
3,962
15,000
346
999
-
-
-
-
5,000
100
400
800
3,762
178,689
280,458|Resources
Movement
expended
in funds
£
£
(89,749)
12,020
(5,689)
(5,690)
(670)
(670)
(84)
(83)
(20)
(21)
(258)
(258)
(2,169)
(2,169)
(26,661)
(16,661)
(500)
-
(1,376)
(1,375)
(578)
(578)
(7,423)
(5,476)
(699)
(199)
(49,864)
35,564
(4,320)
(2,593)
(11,229)
5,061
-
17
(73)
(73)
(385)
(385)
-
1
(10,745)
5,402
(6,037)
(6,037)
(2,749)
(2,749)
(1,543)
(1,542)
(4,606)
5,324
(748)
252
(5,316)
(484)
-
3,962
(4,698)
10,302
(258)
88
(970)
29
(720)
(720)
(1,375)
(1,375)
(263)
(263)
(110)
(110)
(2,943)
2,057
(189)
(89)
-
400
-
800
-
3,762
(155,268)
23,421
(245,017)
35,441|
|---|---|---|
Page 17
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 30th September 2020**
## **17. MOVEMENT IN FUNDS - continued**
**Dracaena Centre Fund** - Was the fund for the construction of the Dracaena Centre, this is being released as the property is depr eciated.
**Office Service Fund** - Was funding provided in relation to the construction of the Dracaena Centre and equipment. This is b eing released as the assets are depreciated.
**Crimebeat Fund** - Was funding provided for equipment. This its being released as the asset is depreciated.
**Cornwall Sports Partnership: Extended Services** - After school youth activities
**Duchy Health Trust** - Was funding provided for equipment. This is being released as the asset is depreciated.
**Together for Families** - Family intervention and support project.
**Falmouth Town Council (Youth)** - The youth offer.
**Kids Out Fun Day** - A community family fun event sponsored by Rotary Club of Falmouth.
**Captains** - Play group funding.
**Cornwall Voluntary** - A women's self-help support group.
**Toy Library** - A service providing support and quality toys for minimal loan cost to vulnerable families.
**F&P Activity** - A resource fund for the youth projects.
**People's Health Trust** - 50 plus - Older peoples activity group.
**Special Olympics** - Sporting activities for adults with leaning and physical disabilities
**Big Lottery** - Reaching Communities - Funding to deliver projects: Toy Library, Legal Advice, Toddler Group, 50 Plus group, Community café, Seats and beats, Link-up family support, pop in and play.
**Comic Relief** - Core funding.
**Legal Aid** - A project providing free legal support for family, employment, housing and debt matters.
**Four seasons** - Working with vulnerable young women, to involve them in a series of fun, reflective, challenging and young people led community cultural events, which relate to their environment and the community they live in.
**Crisis Fund** - A fund to provide hot meals, laundry and showers for vulnerable adults.
**Fill the Gap** - School summer holidays activities for disadvantaged children.
**Aviva** - To support the purchase of IT equipment.
**Tesco (café)** - A customer vote enabled funding to replace the café chairs and tables.
**Youth Justice Project** - Support for young people at risk of entering the youth justice system.
**Lloyds Foundation** - A fund to support the education of young people and young adults.
**Awards 4 all 2** - National Lottery - Friday night drop-in
**West Cornwall Youth Trust** - Adventurous activity fund for disadvantaged young people.
**Young People's Education** - A fund to support the education of young people and young adults.
**Guy Beringer** - Donations to support the Access to Free Legal Advice project.
**Awards 4 all 3** - Friday night drop-in
Page 18
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 30th September 2020**
## **17. MOVEMENT IN FUNDS - continued**
**Tampon Tax** - A fund for the purchase of resources for the youth project.
**GWR Youth Education** - A fund to support the education of young people and young adults.
**Boex** - Education - A fund to support the education of young people and young adults.
**Big Lottery - PR Fund** - A promotion and marketing fund in conjunction with the Reaching Communities programme of activiti es.
**Community Chest - Jayne Kirkham** - A fund for the purchase of resources for the youth project.
**Seasalt** - Core grant support.
**Cornwall Community Foundation - Universal Credit** - A grant for the purchase of IT equipment for the use of members of the community to access the online be nefit application process.
Youth Surplus Fund - Resource fund for youth offer.
**General Surplus Fund** - Resource fund for community support projects
**Anna Gillet Fund** - Resource fund for youth offer.
**#IWill CCF** - Youth cook book project.
**Pendennis** - A fund for the purchase of resources for the youth project.
**Co-op** - A grant to support community events and core charitable costs.
**CCF Worval** - A grant to support our youth justice project (Believe)
**Refresh Reserve Boex** - A grant to support the ongoing education of disadvantaged young people and adults.
**#IWill 2** - A fund for our woodland project for young people.
**Summer ASB** - A school summer holiday positive activity programme for children and young people.
**Cornwall Community Core** - A fund to support organisational core costs.
**COVID-19 Food Parcels** - A fund to provide food parcels to vulnerable people during the Covid-19 pandemic.
**Linked up** - A fund for our family intervention and support project.
**CLLD Refresh** - ESF funding to deliver our Refresh project - a project which supports adults into education, training and work.
**COVID YW Support** - A fund to support the mental health of vulnerable young people throughout the lockdowns.
**Food for Change** - A partnership project with the Cornwall Food Foundation using food as the vehicles for community engage ment and education.
**Good Things Foundation** - A national charity with a contract to support people in need of legal and financial advice. Dracaena Centre is a local partner delivering these services in Cornwall.
Page 19
continued...
**The Dracaena Centre Ltd**
## **Notes to the Financial Statements - continued for the Year Ended 30th September 2020**
## **18. RELATED PARTY DISCLOSURES**
Total remuneration paid to key management personnel during the period was £41,288 (2019: £40,266).
There were no other related party transactions for the year ended 30 September 2020 (2019: Nil).
## **19. COMPANY LIMITED BY GUARANTEE**
The Dracaena Centre Ltd is a company limited by guarantee and accordingly does not have share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page 20
**The Dracaena Centre Ltd**
## **Detailed Statement of Financial Activities for the Year Ended 30th September 2020**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Deposit account interest
**Charitable activities**
Room hire
Café
Grants
**Other income**
Government grants
Insurance claim
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Premises Costs
Internal room hire costs
Direct activity expenditure
Insurance
Telephone
General administrative costs
Repairs & renewals
Depn of freehold property
Depn of equipment
**Support costs**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2020
£
**197**
**492**
**58,363**
**13,205**
**205,987**
**277,555**
**25,612**
**5,001**
**30,613**
**308,857**
**173,777**
**5,566**
**2,710**
**16,256**
**9,775**
**56,060**
**3,458**
**5,248**
**4,195**
**11,312**
**6,252**
**525**
**295,134**
**2,460**
**297,594**
**11,263**|2019
£
354
494
86,938
14,085
178,587
279,610
-
-
-
280,458
140,556
3,796
3,033
14,802
13,230
31,745
4,186
4,426
6,410
10,969
6,252
656
240,061
4,956
245,017
35,441|
|---|---|---|
This page does not form part of the statutory financial statements
Page 21