REGISTERED COMPANY NUMBER: 05237220 (England and Wales> REGISTERED CHARITY NUMBER: 1116299 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 30th Se ber 2023 for The Dracaena H&Ygsons Chartered Accountants 48 Arwenack Street Falmouth Comwall TR11 3JH
na Centre Ltd Contents of the Financial Statents for the Year Ended 30th ber 2023 Report of th• Truste•s 1 to S Independont Examlnerfs Report Slatsmont of Flnancl81 Acllvl ststement of Flnanclal Poslllon 8 to 9 Notes to the Flnanclal Slatoments 10 to 27
Tho Dracaena Centre Ltd ort of the Trustees for the Year Ended 30th Se ember 2023 The Irustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report w¢th the financial ststements of the charity for Ihe year ended 30th September 2023. The trustees have adopted the provisions of Accounting and Reporling by Charities: Ststement of Recommended Practi applicable to charities prepating their accounts in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND AcTIVlEs Operatlons Update The Dracaena Centre ts operated as a registered tharity. located beiween Falm(Krth and Penryn and serves the two towns of FalmoLrth and Penryn and the surrounding rural hintedand. The Cenlre supports over 10,000 people each year which equates to 68.0 contacts and attendances. The Centre Pfomoles swrts. health. training. aThl restoratÉ¥e and soGial justice, and supports young people, earty year5, families. and the wider communty. We're aware that strong communities are buim of eMp0vrEd indivtduaEs. By providing guidarice. support and understanding. all within 8n open and inclusive enwronment. we help residents and the wider community lo develop and prosper. We provide a reslorative approach and an elhos & philosophy for making, maintaining and repairing relationship5 and fostering a sense of shared sixial responsibility. and believe thal increasing individuals, health & wellbeing through activities. helps them become ¢x)nftdent. outgoing, and ready to lake on Itfe. Our Vision Dracaenas wsion is for an empowered. mutually supportive. and indusNe community within Falm(iuth & Penryn whilst also serving the surrounding nJral hintertand. While it is recognised Dracaena cannot bring this vision to fruibon by itself, and that it W11 only ever be a 'work in progress,; il wll continuously strive towards Ihis goal in tandem wtlh Éts partners and supporiers. Our Mission Our mission is lo empower individuals through guidance. support and understanding, and lo build capaclly and cohesion to develop a strong. mutually supportive. and inclusive community wh1n Falmouth & Penryn whilst also serving the surrounding rural hinterland. Our aims focus on Health and Well-being Economic S8curity - Community Capacity and Cohesion - Social Justice Our beliefs Dracaena believes that developing and empowering individuals together with providing a safe and suppi)rtive environrnent. fosters relationships and helps build a mutually supportive and inclusive colnmunity. Increasing individuals, health and well-being through a variety of actNilies helps them become confident, outgoing. and ready to take on lrfe. By offering a wde range of inform81 and developmental mulli-sport activities. and supporting people in making regular sports particÉpation part of their long term lrfeswe. we can make a signrficanl impact on their long temi physical and mentsl health and well-being. We also believe that sport is a fantsslic tool for young people to build their confidenee. skills and abilities and improves opportunities for volunteering and emplownent. Page 1
ort of the Trustees We feel that prowdiTr3 8 safe and SUppe environment within the Draen8 Centre is key to our facilitation of activities that promote sock?1 and inlerpenetralion interaction and buikls community cohes. Supporting young people to form &IVe reLqtionships and a sense of Comm)[ty in an inclusive. relaxed and fun environment, whilg developing Skills in an infomal edutIOnal seltFry. Puts them on Ihe road to being valued and making a Posbtrve contribuiion. With a reStative approach. we FKovide an ethos & phwy f(ff makiryJ, maintalnlng and r8pairing relationships and fostering a sense of shared swial responsibility. Helping those not in training or eM0Yent by supportirKJ them to gain rwnised qualifications to improve ¥olunleering andlor empyrnent prosp8Gts builds iThJividu81 s81f-conMence and setf-wrmlh a1 helps buNd economic security for indiwduals families. Whilst we host over 40 comMunibaSed clubs. (ryanisations and statutory services at the C8ntre. we also acUnt for 35% of the delivery across our dwrilable aims. This Drncaena 'brande(r delivery indudes.. Community Café, Mediation. Youth Services. Toy Library. Toddler Group. , Table Tennis, Older Peoples Fitness. 50 Plus Social Group and Early years support. Famity Support Services, Information, Advi & Guidance ljvung people). Access to Legal Advice. VKtim Care. Volunt8eriryJ and Community Education, Health & Wellbeing semces and Social PTescribiThJ. r activities change lives by producing irStennlats oUtCeS in seven main areas: - Improved Physical & Menlal WelkBeing - Improved Life & Leisure Skills - Feeling Grlll. Happiness. EnioyThent - Increased Self£onfK1ence I Seff Esteem I SelfW(fflh I SelF tlisctpline - Improved Inter-Personal & Communication Skills; Developrnent of RelatK)nshlps - Improved Respect & Reduced Ansla1 Behaviwr - Achievement of Fofmal Qualificalions and Accrediled certif Taken together. these In tum PIle global (xrtcomes in tejms of: - Individual Capacty Building & Empowerment - Improved Empbyability - Improved Quality of Lrfe (IrKliwdual a$ Famil> - Improved Community Spirit & EmFX)werm8nt The above Intermediate and gkjbal OErtcomes feed into fr main Iwtemi impacts that work Ii)wards our sion of bullding mutually swp)rtive arKI indusive community. - Health & WelkBeing - Economlc Security - sla1 Justice - Community Capauty & Cohesic Publlc benefft The trustees crxthrm that they have CoMped vrith the duty under Section 4 of the Companies Act 2006 to have due regard to Ihe Chwity ComwllssvJrfs general guIdce on public benefft. P4è2
The Drana Cantre Ltd Re ort of the Trustees for the Year Ended tembgr 2023 ACHIEVEMEp¥f AND PERFORMANCE Charftable activlties 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 activttses and strengthening the communities il serve5. The Dra¢aena Cenlre aims lo incre8se the health. employabilty. ski115. leisure opportunity and vttimalely the long lemi quality of lrfe for the restdents of the c(Nnmunity- we aim to achieve this by providing betler access to setvices such as 8dvtce. guidance. youth activity, recreation. healthy eating. eMplonent and training. The target group are those who are disadvantsged within our community. We are working wilh and delivering support to the vulnerable and homeless, retumeTS to work. ex-offenders. young people at risk of exdusion, those recovering from subslance misuse and those not in employThenl. education or training. We are also delivering programmes of positive aclivtties to young people which directly Suppts those residents who are fearful of crime and anti-soctal behaviour. In relation to targets and milestones wthÈn otsr pn$ we are now working towards addressing the fdlowing challenges over the next two years - challenges which secLtre 8ddition81 income as well as ensuring the organisational capacity lo maintain existing and devdop new quality seYvices= NHS Partnership - Community Mental Health support - We conlrnue to be supported by. and working in partnership wilh. the Falmouth and Penryn Primary ca Nelknth. Cornmissioning & Contracts.. - Youth Service remans paruy commissioned by the local authority. Comrnunity Hub status: . Gold standard status. NHS Partnership - Health and Wellbeing Worker5 - Signffi(ant impact is being recorded by the NHS as A result of the Cofnmunity Health and Wellbeing Workers programme. Community Café ExpanSn - We have recnjited a café assk%tant chef to support Ihe inaSe of our opening hours. Volunteer programme manager rde- Our senior leader ladulll has had extra 12pac51y in their role lo oversee the volunteer programme. Malntain marketing strategy- Ongoing. Expand Legal seryice$ Recru¢lment has been successful wlh the app¢intments of a Solicitor, Legal Executive and a Paralegal. These roles wll commence eady 2024. Development of Senior Management Team - In place. The Charity has in place 3 Senior Leaders who report to the Charity Manager. These Leaders oversee the development of their respective serVIS as well as the line management ol all delivery stsff. The 3 domains are". Youth and Family Services.. Adutt engagement and wellbeing services,. Finance and administration services. FINANCIAL REVIEW Financial position AI 30th September 2023, the charity was in a healthy financial posib.on with tolal unrestricted reserves of £189.915, which consisted almost entirely of nel current assets of £189.078. Of the nel current assets. £169,849 was in the fomi of Cash at bank and in hand. The charity eontinues to be well funded. both in relation to its restrtcted and unrestiicted funds. Restricted funds amounted to £1,509.479 at 301h September 2023 {2022= £1.586,617). The majority of Ihis amount. £1,000,885. was held in The Dra&7ena Centre freehold property. Debtors lotalled to £332.945, being restricted grants awarded but not received during the year. and cash at bank and in hand was £180.949. The charitys restricted funds had liabilities of £5,721 at 30th September 2023. Page 3
na Centre Ltd rt of the Trusttts bor 2023 FINANCIAL REVIE¥¥ Re¥eTves pollcy Charity taw requires any incrrfne received by a charity to be spent wthln a reasonable period of receipt. Reserves are that part of a chaiiWs unrestricted income fund that is freely available to spend on any of the purposes. Unrestricted income funds are irKorne or income funds can be spent at the discretion of the trustees furtherance of any of the charbtys objecliv8S. The Drac8ena Centre reserves FK4icy takes into accx)unt the charivs fmandal cIrM51anCes and other relevant factors. The finance sub0Mmittee monitcKs the level of reserves held through0 the year and keep the policy under review to ensure tt meets the chariws charvJing needs and ¢iriyJmstances. The Dracaena Centrg resen5 policy explains to existiNJ and potential fund8rs, donors and other stskeholders Y we are hdding a particular amount in reserve. The policy ensures that the charitvs finances are being managed and can also pmvmle an indicor of future fuling needs. The truslees of The Dracaena Centre agree that the folk)ryThJ reascffts justify the s8tting up of an income fund reserve.. The risk of an UTrforeseen emepjer Covering unforeseen day-ttsy operatthal costs A source of in¢)Jme e.g. a grant may 1 be renewed. Furnls may be needed to gNe the charity time to take action tl income falls b8k)w expectations The need to fiJnd short term deficats in a cash bwjget (e.g. rnY may need to be spenl before fvnding grant is received) The level of Dracaena Centre reswves tske into account any sh)rt lenn funding probM$ that the charity may encounter such as delays Ni pawnent of grants aFKI hawng to pay up-front costs of salaries etc beforo taiming back from fuDders. It also indudes enough funds to pay the charitys commitmènts In the evant that the charty has to cease its actimtses. With this in mind the trustees have set a of mainialniry unrestrtcted reserves equlvalent to ong yearf$ anticipated expenditure. The reseTves held are for the general purrKJse of carrying out the Charitys otyectsves. As at 30th September 2023 the unrestricted reserves stood at £189.915 (2022: £214.763). of which £189.079 (2022.. £213.717} were free reserves. At presw( the trustees believe the reseNes are suffioent to enable the charity to carry out its objectives. STRUCTURE. GOVERNANCE AND MANAGEMENT Gov8rning dment The Dracaana Centre Limited is a charitable company limited by guarantee and not having a share capital. 11 was incorporated on 21 September 2004 and 15 pvemed by its memorandum and artsclas. The charity was registered with the Charibes Commission on 7 October 2CKI6. Recrultmont and appolntment of now trust$ New trustees are inducted into the work of the charity. Organlsatitinal structurn Day to day management of the centre is delegated to the Centre Manager R May. Key managemenl remunerallon Total remuneration paid lo key management pwsonnel durirwJ the pericxj vras £43,463 (2022: £41.359}. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05237220 (England and Wales) Page 4
The Dracaena Centre Ltd Re ort of the Trustees for the Year Ended 30th Se tember 2023 Registered Charity number 1116299 Registered office The Drac8ena Centre Dracaena Avenue Falmouth Comwall TR112ES Trnstees CSFSmllh G A Grant M Holdroff L A Trenchard J Chappel SRFeam J M Leigh (appnted 31.1.23) G G Beringer (appointed 31.1.23} Company Secretary RJMay Independent Examiner Hodgsons Chartered Accountsnts 48 Arwenack Street Falmouth Comwall TR11 3JH 17107r2024 Approved byorder ofthe board oftrustees on............................................. and signed on its behalf by. M Holdroii- Trustee Page 5
endont Examinerfs Re ort to the Tru The Dracaena Centre Ltd sof Independont •xamlnerfs report to the trustees of The Dracaena Contr• Ltd fthe CompaTr) I report to the charty trustees on my examination of the acc4Junts of Ihe Company for the year ended 30th September 2023. Responslbllltles and basis of report As the chaiivs truslee5 of the CnpanY {and also its directors for the purposes of crAnpany law) you are reskN)nsible fcr the Preparati of the accowits in accordance vrilh the requirements of tha Companies Act 2006 Cthe 2006 Acy). Having satisfied mysell that the aco)unts of the Company we not required to be au(fited under Part 16 of the 2006 Act and aTr eltgible for indep8ndenl examination. I rewt in respect of my examinatK)n of your charitls accounts as carried out under seCtn 145 of the Charities Act 2011 (The 2011 ACV). In carrwng out My examination I have folbwed the Di[1()n$ given by the Charity Commission under Section 145(51 (b) of Ihe 2011 A¢t Independenl •xamlngrfs statement Slnce your charil*s gross income exceeded £250,0 exAmiw must be a member of a listed bly. I can confirni that l am qUalifd to undertake the examination baUSe l am a member of the Institute of Charterad Accountants in EnglaThl and Wal8s. whth ts one of the listed bDdtes. I have completed my examinati(m. I confinT¢ that rKJ matters have Lme to my attention in ¢onnecfjon Wbth the examination giving me cause to believe: accountiry records were not kept in respect of Ihe C(Knpany as required by SectiC 386 of th8 2006 the accounts do not acccKd wlth those records: or the accounts do not comply the accounting requirements of Seclion 396 of the 2006 Act other than any requirement that the aeLounls give a true and fair view whh Is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance with the meth(S af principles of the Statement of Recommended PractKe for accounting reporbNJ by charibes (applicable to chartbes preparlng their accijunts in &cordance th the Financial ReportiNJ Standard applicable in the UK and Republic of Iretand (FRS 102)). I have no concerns and have ce across no other matters in connection wtth the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. James HrAg50n BA (Hons) FCA Hodgsons Chartered Accountants 48 AThvenack Street Falmouth Comwall TR113JH Page 6
The Dracaèna Centr• Lld Statement of Financial Activities oratin an Income and Ex nditure Account for the Year Ended 30th Se tember 2023 Inco 2023 Total funds 2022 Total funds UnreslTiCted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legaoes 41,655 42N64 14,693 Charftable actlvltles Generated income Grants 57.315 1.801 23.958 241.606 81,273 243,407 95.325 670.899 Investment incom8 156 T¢>tal 781073 EXPENDrruRE ON Charitable activities Dracaena Centre Administration and activity expenses Governan c051s 6.766 403.647 4765 6.766 455.136 9.080 51.489 4,315 361,353 5,409 Total 55.804 415178 470 982 366.762 NET INCOMEI(EXPENDITURE) Transfers b•tween funds 5.973 (107,959) 1101,986) 414.311 16 Net movement in funds (24,848) (77,138) (101,986) 414,311 RECONCILIATION OF FUNDS Total funds brought forward 214.763 1,586.617 1,801.380 1,387,069 TOTAL FUNDS CARRIED FORWARD 189.915 1.509.479 1.699 394 1,801,380 The notes foTm part of these financial statements Page 7
The Drdcaena ntre Ltd Statement ol Financlal Posltlon temlw 2023 2023 Total fvnds 2022 Total funds Unrestricted Reslrided fund funds FIXED ASSETS TaNJible assets 13 836 1.001.306 1.002.142 1.008.909 CURRENT ASSETS Debtors Cash at bank in haThl 14 Zl,796 169.850 332.945 180.949 360,741 449.135 357,759 197.646 513m4 711.540 806.894 CREDITORS Amounts falling due within year 15 (&56n 15.721) (14,288) (14.423) NET CURRENT ASSETS 792 471 TOTAL ASSETS LESS CURRENT UA81LITIES 189.915 1.509A79 1,699,394 1,801,380 ASSErs 1509A79 1.801,380 FUNDS Unrestricted fijnts Restricted funds 16 189,915 214,763 1.586,617 TOTAL FUNDS 1.801,380 The charitable company is entled to exemptMJ) from audit und8r Section 477 of the Companies Act 2006 for the year ended 30th September 2023. The members have not required the company to obtain an audit of Its finajaI statements for the yèar ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknovAedge their Te551b111tles for (al ensuring that the charitaNe company keeps aclAnt1j records that CoMY YAth SeclKms 386 and 387 of the Companies Act 2006 and (b) preparing financial staternents which give a true and faw vwi of the stats of affairs of the charitable ¢ompany as at the end of each financial year and of its surplus or defiut for each financial year in accordance wrfh the requirements of Sections 394 arKI 395 and [ch otheiSe comply with the requirements of the Companies Act 20[ rdatirwJ to financtal slatements, so far as applicable to the charitsble Djmpany. The rK>tes fomi part of these financial statemerts Page 8 continued...
The Drauena Centre Ltd Statement of Financial Position - continued tember 2023 These financial statements have been prepared in acconjan the provisions applicable to charitable Companies subject lo the small companies regiffle. The financial statements were approved by the Board of TDJstees and authorised for issue on ..171Q712n24.. . and were signed on its behalf by.. M Holdroif- Trustee The rK>tes form part of these financial statements Pwje g
The Dracaena Centrg L Notes to the Financial for the Year Endod 30th tatements tember 2023 INFORMATION The Dracaena Centre Limited is a private dritaa company, limited by guarantee. regkstered in EnglaThJ and Wales. The C(panY registrati number aTra regist8red office address can be found within the Report of Ihe Trustees. The financial sLeMts cover an individual entity. ACCOUNTING POUCIES Basls of preparlng the financlal Statements Th8 financial statements of the charitable c(xnpany. whith is a public benefft entity under FRS 102, have been prepared in accordance with the Charibe5 SORP {FRS 102)'Accounling and ReprtIrj by Charities.. Statement of Recommended Practio applicable to chartlies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 2019)., Financial ReLIrting Standard 12 The Financial Reporting Standard applicable in the UK and Republic of Irdand. arKI the C(*mpanies Act 2006. financtal statements have been ppared urKler th8 historical cosl convention. The financial statements are wesented in Stertry whtth is the functional currency of the tharilabla company. Monetary amounts in these financaal statements are rounded to the nearest pound sterling. Golng concern The board has cO$1dered a period of twelve from the date of approval of the financial statements and th8 board has a reasonabte eXrKtstic that the charitab]e c(Hnpany ha$ adequate resources io contÉnue in operation existence for the foreseeable future. There are no material uncertainties that may cast a signrfunt (knjbt over the charltable companls ability to continue as a g)Éng canm. Incom8 Al income Is rec(wJThsed in the Statement of Fmcial Activities orKe the charity has entiyement to the funds. it Is probable that the incc#ne will be receiv8d and the amount L¥n be measured reliably. Expendlture abiliUes are recognised as expendtiure as soon as the is a legal or constructtve 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 Obligati can be measur8d reliably. Expenditure is accounted for on an acc¥uals basis a1 has been dassified under headings that aggregate all cost related to the categw. Where costs canTr)t be direclly attfibuted to partIlar headings they have been allocated to athitses on a basss consistent with the use of resources. Govemance costs are those incurred in comtiOn wth administratiC of the char6ty and complvance with Constitutional aThJ Statu requirements. Tanglble fixed assets Tangible assets are initially measured at cosL Such costs ClUde costs direclly aUTibutable to making the asset capable of operating as intended. Subsequent to initial reccgnilion, tangible assets are stated a5 Cost less accumulated deprecaaticffl and aLtnu18ted impairment. Depreciation is provid&1 at the fdb¥Ev annual rates in ord8r to write off ea¢h asget over its estimaled useful life. Freehold property Equipment Straight line over 9] years to its residual value,. land ts not depreciated 20% or 25% on raJ1rj balance Taxatlon The charity Is exempt fr(¥n lax its tharitable xtivibes. P89e 10 continued...
The Dracaena Centre Ltd Notes to the Flnanclal Statements- continued for the Year Ended 30th Se tember 2023 ACCOUNTING POLICIES - continued Fund accounting Unrestricted funds can be used in accordance the charitable objectives at the discretion of the trustees. Restricted funds can only t used for particular restricted puyposes wtthin the objects of the tharity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purpose5. Further explanation of the nature and purpose of each fund is included in the rte$ to the financlal ststements. Pension costs and other postwretirement benefits The charitable company 0rateS a defined conlribution pension scheme. Contributions payable to the charitsble companls pension scheme are charged trj the Statement of Finarscial Aclivilies in the period trj whith they relate. Financial instruments The charity ha5 elected to appty the provisions of Section 11 "Bastc Financial Instruments. and Section 12 "Other Financial Instrufflents. of FRS 102 to all of its fmanck41 instnjments. Financial assets and liabilitles are recognised in Ihe charitys statement of financial posit¢on when the company becomes party to the contractual prowsions of the instrument. Financial assets and liabilities are dassifi&J into specified categories. The dassification depends on the nature and purpose of the financAal asset (K liability an(5 is detemiined at the lime of recognition. Basis financial assets. which include trade and other receivables, and cash and bank balances, ar8 initial measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective intwesl method. unless the arrangement conslitules a financing transaction. where the transaction is rneasur at the present value of the future receipts discounted 8t a market rate of interest. Basic financial liabilities. which include trade and other payables are initially measured 81 transaction price. unless the arrangement constitutes a financing transaction, where the debt instrument is measufed at the present value of the fuiure payments discounted at a market rate of interest and subseqLtently carried at amorknsed cost Financial liabilities are dereccgnised when. and only when. the charivs obligations are discharged, cancelled or they ewre. DONATIONS AND LEGACIES 2023 2022 Donations 42.464 14.693 Page11 continued...
The Draca8na Centre Ltd Notes to the Financial Statements - contlnued for th8 Yw Ended 30th Se ember 2023 INVESTMENT INCOME 2023 2022 Deposit acciyjnt interest 1.852 156 INCOME FROhl CHARABLE ACTMTIES 2023 2022 Room hbre Café Grants Generated income Generated income Grants 64,350 16,923 76,471 18,854 670,899 680 766.224 Grants rer*ived. induded in the aLx)ve. are as follryws: 2023 2022 Falmouth Town COU1 Cfouth) Big Lottery Legal Ftyjr Seasons Youth Justice Project 20.000 20.000 406,868 20.000 7,TlS 1,800 (140) 4.843 1.438 50,729 720 19,865 15.698 288 CLLD Refresh Linked Up Time 2 Move AFE fund 4.152 11.108 19.385 9,932 AFE Fund 2 ex Fery Foundation Crisis Fund Hubbub Little Steps psw SPIF Refresh Sport England Toy Library VC Crisis Fund Cafe Warmth Bank NHS Easter Promotk Young Men's Grwp The Arts Society Enablement Fund CHWW Trebah VC Community Hub CCF Refijgee Fund Janes Table 9.720 250 3,000 225 16.940 25.OC(I 4.000 1,000 24,620 16,636 10,463 1,0 1,0 1,000 10.000 77.613 2.711 493 2,250 356 20,000 1,500 216 608.047 PwJe 12 continued...
The Drncaena Centre Ltd Notes to the Flnan¢ial Statements - continued for the Year Ended 30th Se ember 2023 CHARITABLE ACTivrriES COSTS Direct Costs {see note 7} Support costs {see nole 8} Totals Dracaena Centre Administration and activily expenses Governance costs 6.766 455.136 6,766 455,136 4515 4.515 470 982 DIRECT COSTS OF CHARITABLE ACTivrriES 2023 2022 Stsff costs Premises Costs Direct activity expenditurg Insurance Telephone General administratNe costs Bad debts Repairs & renewals Depreciation 328,547 16,022 80.091 5.659 3.087 9.353 14 16.928 6.766 244.679 14.182 73.443 5.109 2.558 5,386 240 8.861 6.895 SUPPORT COSTS Governance costs Governance costs Support Costs, included in the above, are as folEows: Govèrnanca costs 2023 Governance Total c£)sts 2022 activities Accountancy and legal fees Page 13 continued...
The DTrcaena Centre Ltd Notes to the Financlal Statements - con nued lor the Year Ended 30th Se tember 2023 NET INCOMEI(EXPENDmJRE) Net inccrfnellexpenditure) Is stated after itsgir(CredtbrJ}. 2023 2022 707 14,935 2,208 552 6.895 14.182 500 2.000 Premises costs Independent examinerfs remuneration - Independent examination Independent examinerf5 remuneration- Accountarry services 10. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneralion or other benefils for the year ded 30th S8Ptember 2023 nor for the year ended 30th September 2022. Trustees. expensos There were no twstees, expenses paNJ for th8 JpaT eThJed 301h September 2023 nor for the year ended 30th September 2022. 11. STAFF COSTS 2023 2022 Waw and salaries Social security costs Other pemlon c4Jsts 307.536 15.550 5.461 7,138 244,679 The average monthly nber of ernploJEes dumg the year was as folkhvs: 2023 20 2022 18 Employees No employges received emohjments in excess of £60.000. 12. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTivmES Unrestricted Restricted fuTrJ funds Total funds INCOME AND ENDOYIMENTS FROM Donations and legacies 4.066 10.627 14,693 Charltable acliviti Generated income Grants 89.692 62.852 5.633 608.047 95,325 670,899 Inveslment InHre 156 156 Totsl 156.766 624,307 781 073 EXPENDITURE ON Charltab18 activities Administration and acli¥ity exwses 122.582 238.771 361.353 Page 14 continued...
The DTacaena Centre Ltd Notes to the Flnancial Statements - continued for the Year Ended 30th Se tember 2023 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES- continued Unrestricted Restricted fund frjnds Total funds Governance costs 5.409 Total 122.582 244,180 366,762 NET INCOME Transfers between funds 34.184 9.296 380,127 9,296) 414,311 Net movement in funds 43,480 370.831 414.311 RECONCILIATION OF FUNDS Total tndS brought forward As previously reported PrÉcK yeai adjustment 171.283 1.175.894 39,892 1.347.177 39.892 As restatgd 171.283 1.215.786 1,387.069 TOTAL FUNDS CARRIED FORWARD 214.763 1 586.617 1.801,380 13. TANGIBLE FIXED ASSETS Freehold propety Equipment ToLIls COST At 1st Octobey 2022 and 30th September 2023 1351 $26 1374 283 DEPRECIATION At 1 st October 2022 Charge for year 345,187 6,253 20.187 514 365.374 6.767 At 30th Septernb 2023 351.440 372 141 NET BOOK VALUE At 30th September 2023 1.000 086 1 002 142 At 30th September 2022 1.006.339 2,570 1,008,909 Page 15 continued...
The Dracaena Contrg Ltd Notes to the Flnanclal Statements- contlnued for the Year Ended 30th S¢ mber 2023 1& DEBTORS 2023 2022 Amounts falling due wh1n sEar. Trade and other d8btOTS Prepayments 151,663 138,474 144,954 Amounts falling due aft¥ more Ihan one year: Trade and olheT debtors 209.078 304,181 Aggregate amtyjnts 449.135 15. CREDITORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2023 2022 Trade creditors Soaal secuTÈty arKI other LeS Other Creditors Accruals and deferr1 income 1108 5.569 3,607 5,527 983 14.288 Page 16 continued...
The Dracaena Centre Ltd Notes to the Flnanclal Statements- continued for the Year Ended 30th Se tember 2023 16. MOVEMENT IN FUNDS Net movement in funds Transfe between funds At 30.9.23 1.10.22 Unrestricted fund¥ General fund 214.763 5.973 (30.8211 189.915 Restricted funds Dr8eaen2 Centre Fund Office Service Fund Crimebeat Fund Comwall Sports Partnership: Extended Services Duchy Hearth Trust Falmouth Town Council (Youth) Toy Library F&P Activity Big Lottery- Reaching Communities Legal Aid Crisis Fund Yosjth Justice Project 8ig Lottery- PR Fund Youth Surplus Fund Linked Up Iwill 2 COVID YW Support FcM)d For Change 1,006,819 1,316 171 16,653) 1,000.166 1.316 171 42 527 527 (fj81 1,000 (2.013} 411.645 14,210 (29) (15,735) 1500) 15,803 500 (2.013) 344.710 (66.935) (17,8451 1.270 1320 3,635 1300) 320 {1.609) 62 941 1,609 1257) 5287 1,162 2.097 {7,574) 33,998 10.475 4.788 770 {1) 838 550 36,996 14.441 57 8,931 1,299 138 10.058 18,252 8N83 307 195 (2.50D) 2.787 1.162 (162) 11.9351 (7.574} 2,614 5,600 3,303 770 {31,384) 14,875) 11,485} AFE fund Time2Move Headstsrt Kemow ABCT Retum to Play FTC Resource Refresh Re5eTve Boex Legal Advice Apprenticeship Table Tennts Alex Fery Foundation Community FrÉdge Little Steps Peer Support Worker Suicide Prevention Innowdtion Fund Sport England VC Crisis Fund Privatè Dona140ns Cafe Cafe CrisÈs Fund 838 12 14.232 37,502 136 5.670 2.113 39 14.556 (538) (19.002) 23,061 79 (3,2611 814 (991 4498 118.252) (3.814) 11321 12871 6.195 80 1454) (3.762) 4669 (175) {6.19¥ 300 380 Dragons 8enjie Thomas KM Wages NHS Partnetship Pop in & Play NHS Build AFE Fund 2 CCF Refugee Fund Cornwall Council Cook 3,579 {9,042) 3,579 9,042 (1) (194) (742) 7,498 1,500 189 194 742 1,935 9,433 1.500 189 Page 17 continued...
The Dracaena Centro Ltd Notes to the Financlal Statements - continued for the Year Ended 30th So tgmbor 20 18. MOVEMENT IN FUNDS- conthiued Easter Promotion Elemental CriS Fund Enablement Fund CHWW Lady Hatch NHS Data Refresh Support 2,090 2.995 2.204 10.000 11.257 2.090 2,995 2,204 10,000 11,2KI 350 E- 1.1 T2M Easlef23 The Arts Sooety Trebah VC Community Hub Young Men's Group RM Community THne2Mo¥eSummer23 1203 957 158 11,228 3,341 (275) 1,203 957 158 11.228 3.341 12.034 12.309 1586617 1.509.479 TOTAL FUNDS Page 18 CAtinUed...
The Dracaena Centre Ltd Notes to the Flnanctal Staternents - continued for the Year Ended 30th Se tember 2023 16. MOVEAIEKf IN FUNDS - contlnued Net movement in funds, indud8d in fh8 at are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 61.777 (55,8041 S,973 Restricted funds Dracaena Centre Fund Falmouth Town Council {Youth) Toy Library Big Lottery- Reaching Comrnunities Legal Aid Crisis Fund Youth Justice Project Youth Surplus Fur nked Up COVID YW Support (6,6531 (35,7561 (1.9431 {66,9351 {25,6201 1680} 1180) (3051 {6.652) (162} (50.769) {4.875) {1.486) (538) {35.788) (280) 11.097) 13.261) (186) 199) (20.122) (18.251) 13.814) (131) (28n (11.728) {6,653) (15,7351 {500) (66,9351 (17,8451 1,270 {3201 195 {2,5001 {1621 (31,3841 (4,8751 (1,485) 1538> (19,0021 23,061 79 (3.261) 814 {99} 4498 118.252} (3,814) (132) (287) 6.195 80 (454) 20,021 7.775 1.950 (140) 152 19.385 AFE fvnd Time2Move FTC Resource Refresh Reserve Boex Legal Advice Apprenticeship Table Tennis Alex Ferry Foundation Community Fridge Little Steps Peer Support Worker SuicTde Prevention InnovalFon Fund Sport England VC Crisis Fund Private Donations Cafe Cafe Crisis Fund 16.786 23.341 1,176 1.000 24.620 {1) 17,923 2.514 (2.968) Dragons BeIle Thomas KM Wages NHS Partnership Pop in & Play NHS Build AFE FutHJ 2 CCF Refugee Fund Comwall Council Cook Easter Promotion Elemental Crisis Fund Enablement Fund CHWW Lady Hatch NHS Data Refresh Support T2M Easlerf23 The Arts Society Trebah VC Communty Hub 3.810 (1} 53.632 1.301 2.065 9.932 1.500 1.000 2.710 3.000 2,250 10,000 23.981 500 3,031 3,000 356 20.000 {2311 (9,041) (53,631) (1,4951 {2,807) (2.4341 3,579 {9,042) (1941 {7421 7,498 1.500 189 2,090 2,995 2.204 10,000 11.257 350 1.203 957 158 11,228 1811) 1620) 15) {46) {12.724) (150) 11.828) 12,043) (198) 18,772) Page 19 continued...
entre Ltd Notes to the Financial Statements- contlnuod for the Year Ended 30th So tembor 2023 16. MOVEMENT IN FUNDS- continued Wamith Bank Young Men's Group RM Communty Time2Move Xmass 22 Tlme2MoveSummer23 10.OIXI 4,493 (10,000) 11.152) (325) (1.800) 3,341 (275) 1,800 415.17B TOTAL FUNDS 368,996 470 982 101,986 Page 20 ¢ontinued...
The Dracaena Centre Ltd Notes to the Financlal Statements - continued for the Year Ended 31)th Se tember 2023 16. MOVEMENT IN FUNDS- continued Comparativès for movemènt in fiinds Prr year adjustment Net movement in funds Transfers between funds At 1.10.21 At 30.9.22 Unrestricted funds General fund 171.283 34.184 9,296 214,763 Restricted funds Dracaena Centre Fund Office Service Fund Crimebeat Fund Cornwall Sports Partnership.. Extended SeTvices Duchy Health Trust Falmouth Town C(MJncil (Youth} Toy Library F&P Activity Blg Lottery- Reaching Communities Legal Aid Cyisis Fund Youth Justice Project Big Lottery- PR Fund Youth Surplus Fuftd Pendennis CO-OP Linked Up CLLD Refresh Iwill 2 COVID YW Support BOEX - A fund lo support the education of young people and young adults Food For Ch8nge Good Things Foundation IAG Henrietta 1.010.930 1.934 214 (5,691) (618) (43) 1,580 1.006.819 1,316 171 (10) {132) 42 527 6Sg 3.302 (12,575) 2,814 9,204 11,814} {691 1,000 {2,0131 (2.013) 59.043 4,344 113 14.9291 3.302 1.070 220 694 10.271 12.891) 3.348 2.864 353,898 8,114 (142) 734 (1.693) (1.337) 12731 1.292 (4.7591 36.125 (2.186) (5751 11.296) 1,752 411,645 14,210 {29} 4,195 1,609 {257} 10 53 (1.986) (225) 5,287 33,234 1,162 2.097 (192) 1.485 ri.574) (1,485) (7.5741 1.470 {225) 28.401 4.815 667 4.966 12.634 15.000 451 14,301 838 (1.4701 225 (1.2961 14.3201 {9.532) 39,892 132.999) 9,980 13.653 14,196) 12,792) (15,000) 33.998 10.475 4.788 770 AFE fund Time2Move Headstart Kernow ABCT Cornwall Community Mccarthy PTC Programme Rettjrn to Play Sainsl)urys Community Pot Christmas Rotary FTC Resourc8 CCF Worv81 Refresh Reserve Boex {9.843) 1451) (14.301) 838 985 (1591 750 800 3,762 (1.373) 388 159 12001 550 (800) 3.762 Page 21 continued...
The Dracaena Centre Ltd Notes to the Financial Statements- Contlnued for the Year Ended 30th S mber 2023 16. MOVEMENT IN FUNDS- Contlnued Legal Advice Appr&nticeship Ta8 Tennis Alex Ferry FoundatiL Community Frmlge Little Steps Peer Support Worker SuicKle Prevention Innovation Fund Sport England VC Crisis Fund Private Donations 6.350 57 8,931 1.299 138 10.058 8,091 14.441 57 8.931 1.299 138 10.058 18.252 10,211 307 18,252 8,483 307 (1.728) 1.175.894 39.892 380.127 1,586,617 TOTAL FUNDS 39.892 414,311 1.801.380 Page 22 continued...
The Dracaena Contre Ltd Notes to the Financial Statements - continued for the Year Ended 30th Se tember 2023 16. MOVEMENT IN FUNDS . contlnued Comparative net movement in funds, included in the aLK)¥e are as follows: Incoming Resources resojrces expended Movement in funds Unr05tricted fund5 General fund 156.766 (122.S82) 34,184 Re$triclgd funds Dracaena Centre Fund Office SeNice Fund Crtmebeal Fund Cornwall Sports Partngrship.. Extended Services Duchy Health Trust Falmouth Town Council {Youth} Toy Library Big Lottery- Reaching Communities Legal Aid Crisis Fund Youth Justi Project Big Lottery- PR Fund Youth Surplus Fund Pendennis C04)P Linked Up CLLD Refresh Iwill 2 COVID YW Support BOEX-Afvnd to support the education of young people and young adLEIts 15.691) {618) (43) (5.6911 16181 143) {10) 1132) (32.575) 66 (52.970) (14.386) 1760) (4.759) (1.6931 (1.4371 12731 11461 {5.4791 {14.6041 {2.1861 (5751 110) 1132) (12,575} 2.814 353.898 8.114 (142) 734 (1,693) (1,337) {2731 1,292 14.759) 36.125 12.1861 {5751 20.0(M) 2.748 406.868 22.5(Kl 618 5.493 1CKI 1,438 720 50,729 11,485) 11.4851 133.287) 15.718) 18,849) 14.196) 12.792} 115.0001 114.301) 11,3731 {200} (32,9991 9,980 13.653 {4,1961 (2,7921 115.000} (14,301 } {1,373} 1200} 6,350 57 8,931 1,299 138 10,058 18,252 10.211 307 294 AFE fund Time2Move Headstart Kemow ABCT Cornwall Community PTC Programme Sainsburys Community Pot FTC Resource Legal Advice Apprenliceship Table Tennis Alex Ferry Foundation Community Fridge Little Steps Peer Support Worker Suicide Prevention Innovation Fund Sport England VC Crisis FLsnd Private Donations 15.698 22,502 6.350 1.407 9.720 3,000 225 16.940 25.000 10.463 1,000 500 (1,350) 1789) (1,701) (87) 16,882) (6,748) 1252) 1693) 624.307 244.180) 380,127 TOTAL FUNDS 781.073 366.7621 414,311 Page 23 o)ntinued...
The Dracaena Centre Ltd Notes to the Financlal Statements - continued for the Ythir Ended 30th r 2023 16. MOVEMENT IN FUNDS - Gontinued Dracaena C•ntre Fund - Was the fund for (>)nstructN)n of the Dracaena Centre, this is b8ing released as the property is depreuated. Offlce Sor¥l¢• Fund - Was funding provKI1 in relation to the CotrUC111)n of the Dracaena Centre and equipment. Thi% is being released as the assets are depreciated. Crlmebeat Fund - Was fundirwJ F)mided for equipmL Thi8 its b8ing released as the asset ts depreciated. Cornwall Sports Partnwship: Exlonded ser¥ . After s¢hod youth activities Duchy Health Trust - Was funding provthl for equipment. This is b8ing released as asset is depreciated. Together for FamHi8s - Famty Interyention and support pYwL Falmouth Town Councll (Yoqlth) - The offer. F&P Activlty. A resowce fund for the projects. Big Lottery - ReachirvJ Communiltes- FundiThJ to deliver Proj.. Toy Lbrary, Legal Advice, Toddler Group. 50 Plus group, Communty café. Seats and beats. Link famly support, pop in and play. Legal Ald - A project providiEWJ free legal supp(¥t for family, emp]oyment. housing and debt matters. Crfsls Fund- A fund to provide hot meals, laurKtry and showers for vuknerable adulls. Youth JustiGo Project. SuptKfft for J¥)un9 at Tisk of entering the youth justica systsm. Awards 4 au 2- National Lthry- Frwjay night drop-¥1 Awards 4 8113- Frfday night drown Tampon Tax- A fund for the purchase of resources for the >Duth project Boex- Education - Ald to SUPEKKt educ*ion of ng people and young adull5. Blg Lottery - PR Fund - A promotw)n and marketing fund in conjunction the Reaching Communities programme of activtti8S. Community Ch05t- Jayne l(Irkham- A fund for the purchase of resources for the youth proiecL Seasalt- Core grant supt Youth Surplus Fund- Resourca furwj fir yDuth offer. General Surplus Fund - Resowce furKI for 4xmmunty support project8 Anna Glllel Fund- Resource lund for offer. L¥IWIII CCF- Youth ¢ook book project Pendennls . A fund for the purchase of resour$ for prOJt. Corfy- A grant to support communty eNEnts and cote charitaNe (>)sts. Page 24 continued...
The Dracaena C8ntro Ltd Notes to the Flnancial Statements - continuod for the Year Ended 30th Se tembor 2023 16. MOVEMENT IN FUNDS- conllnued CCF Worval- A grant to support Our justice project (Believe} Refresh Reserve BX - A grant to Supp the ongoing educatFon of disadvantaged young people and adults. Comwall Communlty Core- A fund to support organT5alional core costs. COVID-19 Food Parcels - A fund to prode foc*J parcels to vulnerable people during the Covid-19 pandemic. Llnked up - A fund for ouv famity inteyventton and supwt project. CLLD Refrosh - ESF funding to dlr our Refresh project - a proiect which SUPF)Orts adults into edL6cation, training and work.
Iwlll 2 - A fund for our woodland project for wung peoe.
COVID YW Support - A fund to suppcwt the Mtal heatth of vulnerable young people throughout the lockdowns. Summer ASB- A school summer holiday wssibve actswty programme for children and yYJung people. Food for Changg A partnership project with the Comwall FcM)d Foundation usin9 food as the vehides for communty engagement and education. Good Thlngs Foundation - A national charity with a contract to support people in need of legal and rinancial advice. Dracaena Centr8 is a local parlner delivering these services in Comwall. IAG Henrietta - InfoTmatton and guidance lor vulnerable young people aged 11-15. Early intervention. tackling anti-social behawour funded by the off of Police & Crime Commissioner. AFE fvnd - National Lottery small grant fuThfing Youth Services. Time2Move - Provision of nuthl}cS meals during school breaks to children and young people are in receipt of Free School Meals. Headstart Kernow - Supporting yourEg people with poor mental health. ABCT- Funding for the Legal Advice project. Contaln Outbreak Management Fund lore funding to support organistational changes to support effiaency sfaff development. strategy and operatM)nal pr(edureS should the need arise for further pandemics. Mccarthy - Falmouth Town Cn¢[l¢S Community Chest fund. PTC Programme - A charity development furKling supporbng covid recovery. Return to Play- Sport England funding to rfrengag8 adults into community spo. Sainsburys Colnmunity Pot- Resource funding for various projects. Chrlstmas Rotary- Funding for Chrtstmas events for vulnerable families. Ffc R8sourcg - Resour funding for various groups. Page 25 continued...
The Dracaena Centre Ltd Notes to the Flnanclal Ststements- continued for the Year Ended 30th Se ber 2023 16. MOVEMENT IN FUNDS- contlnued Flrellghters- Funds frryn Famouth firey)rks display. Legal Advlce Apprenll¢eship- Fundlng to provlde189al advice apFKenticeship 5th¢me. Table Tonnls . Tab nE5 sessions for TlIbeing. Alex Ferry Foundatlon- To supp)rt and famity groups with ftx)d. Hvbbub- Fundng to provide a communty frKlge to shaTr suwus focmj with lh8 communty. LItt Steps. A toddler seSSn to Supp Ufi9 families Peor Support Worker- FUJiTj for part time support wother to assist peopl8 in crisis. Sulclde Preventlon Innovalion Fund - Funthng to support dient of the Legal Project through one to one counselling arKI court advocacy. Sport England- Fundlng for a community stth coath. VC Crisls Fund- PdeS health and wellbeing SUPFQrt to the over 50s Prlvat• Donation8. SLpprKts the wxrth team with resou for their sessions. AFE Fund 2 - Small grant funding for Youth Servtces CCF Refuge• Fund - A project working with 6 local refugee families to help them sdue in our community. Comwall Councll Cook- CLMiw sesslon as part of the servi Eastor Promotlon - A wogramme of sth¥Jised holpjay activities for grtyjpg of vulnerable young peopl8. El•mental Crfsl8 Fund sUpptyti vulrterab >rJry people within a youth diversionary partnership projects with Elemental UK. Enablement Fund CHIYW - A fvnd for our c£munity Health arxl Welbeing worke to purchase household items for memb¥ of the eL¥nmunty they are suppcthg Lady Hatch. Private dMatIC tOVdrds youth servKe NHS Data - A fvnd to monilor. evaluate and me8swe the tmpact of a range of wellbelng projects we are delivering in partrrnhIp with the NHS arKI VteeT Ccffiwall. Refresh Support- Communty e{kat FTaMMe for unempk>yed young adults. T2M Easter23- A praMme of subsl(li TrKlKlay activitses for groups of vulnerabte young people. Thè Arts Soclety - Arts based grant to work 7Mlh men and women to ueale safe activityliherapeutic spaces Ihrough the use of t1. Trnbah- Funds forrn Falmoulh Rolary Club ftx a 5ft)ung r•'s tr¥1 to Tbah Gardens. VC Communhy Hub - Funding to provide a Tange of actiwbes and supwt vulnerable people in the community. Thi5 i8 part of a health partnership belween Dracaena. Volunteer Comwall 8nd tho NHS Page 26 continued...
The Dracaena Centre Ltd Notes to the Financial Statements - continued for the Year Ended 30th Se tember 2023 16. MOVEMENT IN FUNDS - continued Warnrth Bank - Funding to provide a daily warm space providing free hol food and drinks throughout the winter months. Young Men's Group - A regular weekly actFvily and advtce sossion for young men. Time2Move Xmass 22 - A wogramme of subsmlised holiday aclivilies for groups of vulnerable young people. Time2MoveSummer23 - A wogramme of subsidised hdiday activities for groups of wjlnerable young people. 17. RELATED PARTY DISCLOSURES Totsl remuneration paid to key management personnel during the period was £45.614 12022: £43,463). There were no other related party transactions fcf the year ended 30 September 202312022.. Nil). 18. COIAPANY LIMITED BY GUARANTEE The Dracaena Centre Lkl is a CC*Ttpany limited by guarantee and accordingly does not have sha 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 vmund up whiEe hè c she is 8 member, or within one year after he or she ceases lo be a rnember. Page 27