REGISTERED COMPANY NUMBER: 05237220 (England and Wales)
REGISTERED CHARITY NUMBER. 1116299
Report_o_f the Trustees_and
.Unaudited Financlal Statements
for the Year Ended 30th Se
tember 2024
for
The Dracagna Centre Ltd_
Hodgsons
Chartered Accountants
48 A￿enack Street
Falmouth
Cornwall
TR113JH

The Dracaena Centre Ltd
Contents of the Financlal Statements
for the Year Ended 30th Se
tem
er 2024
Page
Report of the Trustees
Independent Examlnerfs Report
statomant of Financlal Actlvlties
Statement of Flnanclal Posltlon
7 to 8
Notss to the Flnanclal Statements
9 to 26
Detailed Statement of Flnanclal Activltles
27

ort of the Trustees
for the Year Ended 30th Se
..￿)tember 2024
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 2024. 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
Operatlons 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 and its partners
support over 10,000 individual people each year which equates to around 75,000 contacts and attendances.
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 2nd
understanding, all within an open and inclLtsive 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 wral hinterland.
While il 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
Ouf mission is to empower individuals through guidance, support and undefstanding, and to build capacity
and cohesion to develop a strong, mutua15y supportive, and inclusive community within Falmouth & Penryn
whilst also seNing 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.
Page 1

The Dr
Re
ort of the Tru
for the Year Ended 30th Se
tember 2024
We feel that providing a safe and supportive environment within the Dracaena Centre is key to our facilitation
of activities that promote social and interpenetration interaction and builds communty cohesion. Supporting
young people to form positive relats"onships and a sense of community in an inclusive, relaxed and fun
environment. while developing skills in an infomial educational setting, puts them on the road to being valued
and making a positive contribution.
With a restorative approach, we provide an ethos & philosophy for making, maintaining and repairing
relats"onships 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 andlor employment prospects builds individual self-wnfidence and self-worth and helps build
economic security for individuals and families.
)￿lIst we host over 45 community-based dubs, local organisations and stalLttory services at the Centre, we
also account for 350A of all the delivery across our charitable aims. This Dracaena 'branded' delivery includes..
Community Café, Mediation, Youth Services, Toy Library, Toddler Grc>up, Table Tennis, Older Peoples
Fitness, SO Plus Social Group and Early years support, Family Support Services, Information, Advi￿ &
Guidance (young people), AC￿SS to Legal Advice, Victim Care, Volunteering and Community Education,
Health & Wellbeing services and Social Prescribing.
Our activities change lives by producing intermediate outcomes in seven main areas:
Improved Physical & Mentsl Well-8eing
Improved Life & Leisure Skills
- Feeling Good, Happiness, Enjoyment
Increased Self-confidence I Self Esteem I Self Worth I Self Discipline
Improved Inter-Personal & Communication Skills. Development of Relationships
Improved Respect & Reduced Anti-social Behaviour
- Achievement of Formal QualifieAtions and Accrediled Certificates
Taken together, these in turn produce global outcomes in terms ot.
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 indusive Community..
Health & Well-Being
Economic Security
Social Justice
- Community Capacity & CohesK)n
Publlc 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 generdl guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable actlvltles
Through creating opportunities for individuals and groups to develop in a range of ways, The Drawna
Centre is committed to promoting open and equal access to its activities and strengthening the communities it
serves.
The Dracaena Cenlre 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
lo ServI￿S such as advice, guKdance, 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 a
fearful of crime and anti-social behaviour.
Page 2

The Dra¢aena Centre Ltd
Rewort_of the Trustees
FINANCIAL REVIEW
Financial position
At 30th September 2024, the charity was in a healthy financial position wtth total unrestricted reseNes of
£132,703 which consisted almost entirely of net current assets of £131,040. Of the net current assets,
£115,684 was in the form of Cash at bank and in hand.
The charity continues to be well funded, both in relation to its restricted and unrestricted funds,
Restricted funds amounted to £1,374,351 at 30th September 2024, of which, £996,248 was held in The
Dracaena Centre freehold propety. The remainder of the restricted assets were held in debtors of £209,751,
being restricted grants awarded but not received during the year, and cash at bank and in hand £171,299.
The charity's restricted funds had current liabilities of £2,947, relating to income tax due from staff paid from
restricted funds.
Reserves polScy
Charity law requires any income received by a charity to be spent within a reasonable period of receipt.
ReseNes are that part of a charity's unrestricted income fund that is freely available to spend on any of the
charity's purposes. Unrestricted income funds are income or income funds which can be spent at the
discretion of the trustees in furtherance of any of the charity's objectives,
The Dracaena Centre reseNes policy takes into a¢￿Unt the charity's financial circumstances and other
relevant factors.
The finance sub-committee monitors the level of reserves held throughout the year and keep the policy under
review to ensure it meets the charity's changing needs and circumstances.
The Dracaena Centre reserves policy explains to existing and potential funders, donors and other
stakeholders why we are holding a particular amount in reseNe. The policy ensures that the charity's finances
are being managed and can also provide an indicator of future funding needs.
The trustees of The Dracaena Centre agree that the following reasons justify the setting up of an income fund
reseNe.'
The risk of an unforeseen emergency
Covering unforeseen day-to4ay operational costs
A source of income e.g. a grant may not be renewed. Funds may be needed to give the charity time to take
action if income falls below expectations
The need to fund short temi deficits in a cash budget (e.g. money may need to be spent before a funding
grant is re￿ived}
The level of Dracaena Centre reseNes take into account any short term funding problems that the charity
may encounter such as delays in payment of grants and having to pay up-front costs of salaries etc before
claiming back from funders. It also includes enough funds to pay the charity's commitments in the event that
the charity has to cease its activities.
With this in mind the trustees have set a policy of maintaining Iwo tranches of unrestricted reserves.
Firstly, an amount equivalent to one year's anticipated expenditure and, secondly, additional reseNes to
support the future enhancement of our site. The trustees will continue to monitor the reserves held throughout
the year.
The reserves held are for the general purpose of carrying out the Charity's objectives. As at 30th September
2024 the unrestricted reseNes stood at £132,712 {2023.. £162,091), of which £131,050 {2023.' £161,255)
were free reserves. At present, the trustees believe the reserves are sufficient to enable the charity to carry
out its objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Dracaena Centre Limited is a chafltable company limited by guarantee and not having a share capital. It
was incorporated on 21 September 2L)04 and is governed by its memorandLtm and articles. The charity was
registered with the Charities Commission on 7 October 2006.
Page 3

ca
Re
ort of the Trustees
for the Year Ended 30th Se
2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
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 pewd was £46,101 (2023.. £45,614).
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
05237220 (England and Wales)
Reglstered Charlty number
1116299
Reglstered office
The Dracaena Centre
Dracaena Avenue
Falmouth
Comwall
TR112ES
Trustees
CSFSmith
G A Grant
M Holdroff
L A Trenchard
J Chappel
S R Fearn
J M Leigh (resigned 10.10.24)
G G Beringer
Company Secretary
RJMay
Independent Examlner
Hodgsons
Chartered Accountants
48 A￿enack Street
Falmouth
Comwall
TR113JH
Approved by order of the board of trustees on .........
and signed on ils behalf by..
G A Grant- Twstee
Page 4

Independent Examiner's Report.t.o. 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 aGcounts of the Company for the year ended
30th September 2024.
Responsibilittes 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 ACYI.
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 incfependent 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'l. In carrying out my
examination I have followed the Directions given by the Charity Commission Ltnder Section 145(5) (bl of the
2011 Act,
Independent examlner's statement
Since your charity's gross income ex￿eded £250,000 your examiner must be a member of a listed body. I
can confirm that l am qualified to undertake the examination because l am a membef of the Institute of
Chartered Accountants in England and Wales, 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..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act., or
the accounts do not accord with those records," or
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
the acLounts have not been prepared in awordan￿ with the methods and principles of the Statement
of Recommended Practi￿ 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 8A (Hons) FCA
Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR113JH
Date".
Page 5

entr8 Ltd
tement of Flnancial Activitl8S
oratin
an Income an
ndlture Accou
for the Year Ended 30th Se tember 2024
Inco
2024
Total
funds
2023
Totsl
funds
as reststed
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,087
11,070
14,157
42,464
Charltable actlvitiès
Generated income
Grants
84,573
86,531
162
95,488
84,735
182,019
81,272
243,407
Investrnent income
4,113
4,113
1,852
Total
178,304
106,720
285,024
368,995
EXPENDITURE ON
Charltable activltles
Dracaena Centre
Administration and activity expenses
Governance costs
6,766
455,135
9,080
177,439
5,148
270,995
3,774
448,434
8,922
Total
182,587
274,769
457,356
470,981
NET INCOMEI{EXPENDITURE)
Transfers between funds
{4,283)
(25,096)
(168,049)
25,096
(172,332)
(101,986)
Net movement In fund8
(29,379)
(142.953)
(172,332)
(101,986)
RECONCILIATION OF FUNDS
Total funds brought forward
162.091
1,517,304
1,679,395
1,781,380
TOTAL FUNDS CARRIED FORWARD
132,712
1,374,351
1,507.063
1,679,394
The notes fomi part of these financial statements
Page 6

statement of Financlal PosStlon
2024
Total
funds
2023
Total
funds
as restated
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
15
1,662
996,248
997,910
1,002,142
CURRENT ASSETS
stocks
Debtors
Cash at bank and in hand
16
17
51
25,060
115,684
51
234,811
286,983
209,751
171,299
340,742
350,799
140,795
381,050
521,845
691,541
CREDITORS
Amounts falling due within one year
18
(9,745)
(2,947)
{12,692)
(14,289)
NET CURRENT ASSETS
131,050
378,103
509,153
677,252
TOTAL ASSETS LESS CURRENT
LIABILITIES
132,712
1,374,351
1,507,063
1,679,394
NET ASSETS
132,712
1,374,351
1,507,063
1,679,394
FUNDS
Unrestricted funds
Restricted fvnds
19
132,712
1,374,351
162,091
1,517,303
TOTAL FUNDS
1,507,063
1,879,394
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 30th September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
30th September 2024 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
preparing financial statements which give a true and fair view of the slate 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
accordan￿ with the requirements of Sections 394 and 395 and which othemise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
(b)
The notes form part of these financial statements
Page 7
continued...

aena C ntre L
Statement of Flnancial Position - contlnued
30th Se
tember 2024
These financial statements have been prepared in accordano wrth the provisions applicable to charitable
mpanies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
Tw. ....£o.iS...... and were signed on its behalf by:
- Trustee
GA 6thqk)T
The notes fom part of these financial statements
Page 8

Notes to the Financlal Statements
INFORMATION
The Dracaena Centre Limited is a private charitable company, limited by guarantee, registered in
England and Wales. The company registration number and registered Offi￿ address can be found
within the Report of the Trustees.
The financial ststements cover an individual entity.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a publi¢ benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 1021 '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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 200S. 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.
Golng concern
The board has considered a period of ￿e1ve 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
Grants and Donations are recognised in the Statement of Financial Activities once the charity has
entitlement to the funds, it is probable thai the income will be re￿iVed and the amount can be
measured reliably.
Generated income is the amount derived from the provision of goodslservices, stated after trade
discounts, VAT and other sales taxes
Expendlture
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. ￿ere costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis Consistent with the use of reSoUr￿s.
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 tjepreciation and accumulated impairment.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life,
Freehold propety
Equipment
straight line over 50 years to its residual value- land is not depreciated
20 % or 25°/& on reducing balance
Page 9
continued...

The Draca
Notes to
heF
nanclal Statements - continued
for the Year Ended 30th Se
tember
ACCOUNTING POLICIES - contlnued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowan￿ for
obsolete and slow moving items.
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance wrth 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 tha financiql
statement5.
Penslon costs and other post-retlrement beneflts
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension ￿heme are charged to the Statement of Financial Activits'es in the
period to which they relate.
Flnanclal Instrument8
The charity has elected to apply the provisions of Section 11 Basic Flnancial Instruments" and Section
12 "other Financial Instruments" of FRS 102 to all of its financial instruments.
Financial assets and liabilities are ￿COgniSed in the charity's statement of financial position when the
company becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are classffied into specified categories. The classification depends on
the nature and purpose of the financial asset or liability and is determined at the ts'me of recognition.
Basis financial assets, which include trade and other ￿e1VableS, 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 transaclion, where the debt instrument is
measured at the present value of the future payments discounted at a mart(et rate of interest and
subsequently carried at amrtised cost.
Financial liabilrties are derecognised when, and only when, the charity's obligations are discharged.
cancelled or they expire.
Page 10
continued...

Notes to the Financlal Statements - contlnued
DONATIONS AND LEGACIES
2024
2023
as
restated
Donations
14,157
42,464
INVESTMENT INCOME
2024
2023
as
restated
Deposit account interest
4,113
1,852
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
as
restated
Activity
Generated income
Generated income
Grants
R¢Xsm hire
Cafe
Grants
66,783
17,952
182,019
64,349
16,923
243.407
266,754
324,679
Grants re￿ived, included in the above, are as follows..
2024
2023
as
restated
Falmouth Town Council (Youth)
Legal Aid
Four Seasons
Youth Justice Project
Big Lottery - PR Fund
Refresh Reserve Boex
Linked Up
Time 2 Move
AFE fund
22,500
20,000
7,775
1,800
1140)
1,000
83,249
10,000
13,309
4,152
11,108
2,506
19,385
9,932
4,000
1,000
24,620
16,636
AFE Fund 2
Crisis Fund
Hubbub
psw
Refresh
Sport England
CCF multi-year core
Cafe
RM Community
Warmth Bank
NHS
11,500
{10,000)
10,073
9,879
1,000
4,236
10,000
77,613
73,656
Carried forwarcl
231,908
208,881
Page 11
continued...

to the Flnanclal Statements - continue
for the Year Ended 30th Se
temb
INCOME FROM CHARITABLE ACTIVITIES - contlnued
2024
2023
as
restated
Brought fornard
Easter Promotion
Young Men's Group
The Arts Society
Enablement Fund CHWrf
Trebah
VC Community Hub
CCF Refugee Fund
Janes Table
Safer stronger consortium
231,908
208,881
2,711
4,493
3,000
2,250
356
20,000
1,500
216
29,500
90
400
BGC Communty Organisation
23,870
1,000
Hedley
286,768
243,407
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
Support
costs (see
note 8)
Totsls
Administration and activity expenses
Governance costs
448,434
8,922
3,774
5,148
452,208
5,148
457,356
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
as
restated
Staff costs
Premises Costs
Direct aciivity expenditure
Insurance
Telephone
General administrative costs
Bad debts
Repairs & renewals
Depreciation
352,990
14,039
52,577
6,903
2.263
7,867
20
8,276
7,273
328,547
16,022
80,091
5,659
3,087
9,352
14
16,928
6,766
452,208
466,466
Page 12
continued...

The Dracaena Centre Ltd
Notes to the Financial Statements - continued
SUPPORT COSTS
Governance
costs
Governance costs
5,148
Support costs, included in the above, are as follows:
Govemance costs
2024
2023
as
restated
Total
activities
Governan
costs
Accountancy and legal fees
5,148
4,515
NET INCOMEIIEXPENDITURE)
Net in¢omel{expenditurel is stated after chargingl{crediting)'.
2024
2023
a5
restated
Deprecialion - owned assets
Premises costs
Independent examinerfs remuneration - Independent examination
Independenl examiner's rernuneration - Accountancy services
7,273
14,039
594
2,376
6,767
14,935
552
2,208
10. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30th September 2024 nor
for the year ended 30th September 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 30th September 2024 nor for the year
ended 30th September 2023.
11.
STAFF COSTS
2024
2023
as
restated
Wages and salaries
Social security costs
Other pension costs
328,514
18,643
5,833
307,536
15,550
5,461
352,990
328,547
Page 13
continued.

Tho Dracaena Centre Ltd
Notes to the Flnancial Statements - continued
fort
ar Ended 30th Se
tember 20
11. STAFF COSTS - eontlnued
The average monthEy number of employees during the year was as follows:
2024
2023
restated
20
Employees
21
No employees re￿IVed emluments in excess of £60,000.
12. EX GRATIA PAYMENTS
Included within wages is redundancy pay of £1,705 which was fully settled wtthin the year from
unrestricted funds.
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
funds
Total
funds
as restated
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,143
39,321
42,464
Charltablo actlvltlos
Generated income
Grants
80,266
3,017
1,006
240,390
81,272
243,407
Investment income
1,852
1,852
Total
88,278
280,717
368,995
EXPENDITURE ON
Charltable activities
Dracaena Centre
Administration and aclivity expenses
Governance costs
8,766
372,568
4,765
6,766
455,135
9,080
82,567
4,315
Total
86,882
384,099
470,981
NET INCOMEI(EXPENDITURE)
Transfers between funds
1,396
(35.124)
(103,382)
35,124
(101,986)
Not movement in funds
(33,728)
(68,258)
(101,986)
RECONCILIATION OF FUNDS
Total funds brought forward
195.820
1,585,560
1,781,380
TOTAL FUNDS CARRIED FORWARD
162,092
1,517,302
1,679,394
Page 14
continued...

The Dracaena Centre Ltd
Notes to the Financial Statements - continued
14. PRIOR YEARADJUSTMENT
The previous year's financial statements have been adjusted to redu￿ an incorrectly recognised
debtor relating to the Cornwall Community Foundation grant awarded in 2022, This has
consequentially reduced brought forward unrestricted funds by £20,000 and debtors by £20,000.
The previous year's financial statements have been adjusted in Order to redassified the following
funds, from restricted to unrestricted, of the following amounts..
CLLD Refresh
{£14,232)
Refresh Reserve Boex £14,232
VC Crisis Fund
{£11
Youth seNi￿s
(£8,840)
Toy Library
£540
Table Tennis
£136
Cafe Crisis Fund
£380
Total Movement Unrestricted £7,825
15. TANGIBLE FIXED ASSETS
Freehold
property
Equipment
Totals
COST
At 1 st October 2023
Additions
1,351,526
22,757
3,041
1,374,283
3,041
At 30th September 2024
1,351,526
25,798
1,377,324
DEPRECIATION
At 1 st October 2023
Charge for year
351,440
6,252
20,701
1,021
372,141
7,273
At 30th September 2024
357,692
21,722
379,414
NET BOOK VALUE
At 30th September 2024
993,834
4,076
997,910
At 30th September 2023
1,000,086
2,056
1,002,142
16. STOCKS
2024
2023
as
restated
Stocks
51
Page 15
continued_..

The Dracaena Centre Ltd
Notes
for
the Flnanctal Statements - continued
he Year Ended 30th S
ber 2024
17. DEBTORS
2024
2023
reststed
Amounts falling due within one year..
Trade and other debtors
Prepayments and accrued income
75,120
560
131,664
75,680
131,664
Amounts falling due after more than one year..
Trade and other debtors
159,131
209,078
Aggregate amounts
234,811
340,742
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
as
restated
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
868
5,866
1,223
4,735
2,108
5,570
994
5,617
12,692
14,289
Page 16
continued...

The Dracaena Centre Ltd
Notes to the Flnanclal Statements - continued
for the Year Ended 30th September 2024
19.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
1.10.23
At
30.9.24
Unrestricted funds
General fund
162,091
(4,283)
{25,0961
132,712
Restricted funds
Dracaena Centre Fund
Office Service Fund
Crimebeat Fund
Cornwall Sports Partnership.. Extended
SeNices
Duchy Health Trust
Falmouth Town Council {Youth>
F&P Activity
Big Lottery - Reaching Communities
Legal Aid
Crisis Fund
Youth Surplus Fund
Linked Up
CLLD Refresh
1,000,166
1,316
171
(5,700)
{587)
(28)
994,466
729
143
42
527
(71
(84)
(12,303}
35
12,303
{2,013)
344,710
{2,013)
267,659
16,153
895
62
12,095
587
(77,051)
16,153
(46)
62
9,308
{13,645)
(1,162)
941
2,787
14,232
1,162
(7,5741
2,614
5,600
3,303
770
838
12
37,502
5,670
2,113
39
14,556
4,669
Food For Change
7,574
2,614
AFE ftjnd
Time2Move
Headstart Kernow
Return to Play
FTC Resource
Legal Advice Apprenticeship
Alex Ferry Foundation
Community Fridge
Little Steps
Peer Support Worker
Sport England
VC Crisis Fund
Private Donations
Dragons
Benjie Thomas
Youth SeNices
AFE Fund 2
CCF Refugee Fund
Cornwall Council Cook
Easter Promotion
Elemental Crisis Fund
Enablement Fund CHIMV
Lady Hatch
NHS Data
Refresh Support
T2M Easter23
The Arts Society
Trebah
VC Community Hub
Young Men's Group
RM Community
Time2MoveSummer23
(5,6011
(2,5811
(550)
(8381
722
(220)
(12)
(10,257)
(2,214)
(241)
99
(19,068)
(2,668)
27,245
3,456
1,872
138
4,512
2,001
(1)
(71
(6)
(2,305)
3,190
36
3,579
8,840
9,433
1,500
189
2,090
2,995
2,204
10,000
11,257
350
1,203
957
158
11,228
3,341
12,034
1,779
{1,175}
{6,6771
{9,469)
99
5,353
1,500
{100)
12,005>
(6>
(172)
(3,000)
(10,412)
(89)
85
2,989
2,032
7,000
845
350
(1,204)
(957)
(158}
(7,432}
(2,1081
2,512
{962)
3,796
1,233
14,546
196
(621)
Page 17
continued .

Th￿￿a¢n.a...Qen
Notes to the Flnancial Statements -
for the Year Ended 30th Se
ntlnued
24
19. MOVEMENT IN FUNDS - continued
Cost of living fund
Women Wellness
Outreach
{146)
1,452
2,979
740
594
1,452
2,979
1,517,304
(168,049)
25.096
1,374,351
TOTAL FUNDS
1,679,395
(172.332)
1,507.063
Page18
continued...

The Dracaona Centr8 Ltd
Notes to the Financial Statements - continued
19.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows".
Incoming
resources
Resources
expended
Movement
in funds
Unrestrtcted funds
General fund
178,304
(182,587)
(4,283}
Restricted funds
Dracaena Centre Fund
offi￿ Service Fund
Crimebeat Fund
CornwalS Sports Partnership.. Extended
servI￿s
Duchy Health Trust
Falmouth Town Council (Youth)
Big Lottery - Reaching Communities
Legal Aid
Crisis Fund
Youth Surplus Fund
Linked Up
CLLD Refresh
Iwill 2
AFE fund
Time2Move
Headstart Kernow
Return to Play
Legal Advice Apprenticeship
Alex Ferry Foundation
Community Fridge
Little Steps
Peer Support Worker
Sport England
Benjie Thomas
Youth Services
AFE Fund 2
Cornwall Council Cook
Easter Promotion
Elemental Cfisis Fund
Enablement Fund CHI
Lady Hatch
NHS Data
T2M Easter23
The Arts Society
Trebah
VC Community Hub
Young Men's Group
RM Community
Time2MoveSumrner23
Cost of living fund
Women Wellness
Hedley fund
Outreach
{5,700)
(587)
{28)
(5,700}
(587)
128)
(7)
{841
(34,8031
(77,0511
8,351
(96)
(7)
(84)
{12,303)
(77,051)
16,153
(46)
62
9,308
(13,6451
(1,162)
(5,6011
(2,5811
(5501
{838)
(10,257)
(2,214)
{241)
99
119,068)
{2,668)
(1,175)
(6,677)
(9,469)
(100)
(2,005>
(6)
(172)
(3,000)
(10,412)
{1,204)
{957)
{158)
{7,432)
{2,108}
2,512
(962)
(146)
1,452
22,500
7,802
50
59
13.309
(4,001)
{13,645)
{1,162)
{5,601)
(2,597)
1550)
(838)
(11,657)
(2,214)
(2411
(301)
{19,068)
{12,741)
(1,175)
(9,164)
(9,469)
{100)
{2,005)
(6)
{172)
13,000)
(10,412)
11,204}
(9571
(158)
(25,432)
(2,108)
(1,742)
{962)
(24,016)
(48)
(1,000)
2,979
16
1,400
400
10,073
2,487
18,000
4,254
23,870
1,500
1,000
2,979
106,720
(274,7691
(168,049)
Page 19
continued

The Dracaena Centre Ltd
Notes to the Financial Statements - contlnued
f r the Year Ended 30th Se
24
19.
MOVEMENT IN FUNDS - continued
TOTAL FUNDS
285,024
(457,356)
{172,332)
Page 20
continued...

Notes to the Flnancial Statements - contlnued
19.
MOVEME14T IN FUNDS - continued
comparatives for movement in funds
Net
movement
in funds
Transfers
be￿een
funds
At
1.10.22
At
30.9.23
Unrestrlctsd funds
General fund
195,820
1,395
(35,124)
162,091
Restricted funds
Dracaena Centre Fund
offi￿ Service Fund
Crimebeat Fund
Cornwall Sports Partnership". Extended
servI￿s
Duchy Health Trust
Falmouth Town Council (Youth)
F&P Activity
Big Lottery - Reaching Communities
Legal Aid
Crisis Fund
Youth Justice Project
Big Lottery - PR Fund
Youth Surplus Fund
Linked Up
Iwill 2
COVID YW Support
Food For Change
1,006,819
1,316
171
{6,653)
1,000,166
1,316
171
42
527
168)
(2,013)
411,645
14,210
(29)
42
527
(15,735)
15,803
(2,013)
344,710
(66,9351
{17.845J
1,270
(320}
3,635
{300)
320
{1,609)
62
941
1,609
1257)
5,287
1,162
2,097
17.5741
33,998
10,475
4,788
770
{1)
838
550
36,996
14,441
8,931
1,299
138
10,058
18,252
8,483
307
294
195
{2,500}
2,787
1,162
(162)
11,935)
(7,574)
2,614
5,600
3,303
770
(31,3841
14,8751
11,4851
AFE fund
Time2Move
Headstart Kernow
ABCT
Return to Play
FTC ResoLFrce
Refresh ReseNe Boex
Legal Advice Apprenticeship
Alex Ferry Foundation
Communily Fridge
Little Steps
Peer Support Worker
Suicide Prevention Innovation Fund
Sport England
VC Crisis Fund
Private Donations
Dfagons
Benjie Thomas
NHS Partnership
Youth Services
AFE Fund 2
CCF RefLtgee Fund
Cornwall Council Cook
Easter Promotion
Elemental Crisis Fund
Enablement Fund cH￿v
Lady Hatch
NHS Data
Refresh Support
838
12
14,232
37,502
5,670
2,113
39
14,556
(538}
(19,002>
23,081
(3,261 }
814
(99)
4,498
(18,252)
{3.814)
1132)
(2871
(3,7621
4,669
(175)
3,579
3,579
{1)
8,840
1,935
8,840
9,433
1,500
189
2,090
2,995
2,204
10,000
11,257
350
7,498
1,500
189
2,Q90
2,995
2,204
10,000
11,257
350
Page 21
continued...

The Dracaena Centre Ltd
Notes to the Financlal Statements - continued
for the Year Ended 30th Se
te
ber2
24
19. MOVEMENT IN FUNDS - continued
T2M Easter23
The Arts Society
Trebah
VC Community Hub
Young Men's Group
RM Community
Time2MoveSummer23
1,203
957
158
11.228
3,341
(275)
1,779
1,203
957
158
11,228
3,341
12,034
1,779
12,309
1,585,560
(103,381)
35,124
1,517,303
TOTAL FUNDS
1,781,380
(101,986)
1,679,394
Page 22
continued...

The Dracaena.Cp.ntre Ltd
Notes to the Financtal Statements - contlnued
19.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fvnd
88,277
(86,8821
1,395
Restricted funds
Dfacaena Centre Fund
Falmouth Town Council (Youth)
Big Lottery - Reaching Communities
Legal Aid
Crisis Fund
Youth Justice Project
Youth Surplus Fund
Linked Up
COVID YW Support
(6,653)
{35,756)
(66,935)
{25,620)
(680)
(180)
(305)
{6,652)
(162)
150,769)
(4,875)
{1,486)
(538)
135,788)
{280)
13,261)
(186)
199)
(20,122)
(18,251)
13,814)
1131)
(287)
(6,653)
(15.735)
166,935}
(17,845)
1,270
{320)
195
(2,500)
{162)
(31,384)
(4,875)
(1,485)
(538)
(19,002)
23,061
(3,261)
814
{991
4,498
118,2521
(3,8141
(132>
{287}
20,021
7,775
1,950
11401
500
4,152
19,385
AFE fund
Time2Move
FTC Resource
Refresh Reserve Boex
Legal Advice Apprenticeship
Alex Ferry Foundation
Community Fridge
Little Sleps
Peer Support Worker
Suicide Prevention Innovation Fund
Sport England
VC Crisis Fund
Private Donations
Dragons
Benjie Thomas
NHS Partnership
AFE Fund 2
CCF Refugee Fund
Cofnwall Council Cook
Easter Promotion
Elemental Crisis Fund
Enablemenl Fund CHV
Lady Hatch
NHS Data
Refresh Support
T2M Easter23
The Arts Society
Trebah
VC Community Hub
Warmth Bank
Young Men's Group
RM Community
Time2Move Xmass 22
Time2MoveSummer23
16,786
23,341
1,000
24,620
(1)
(1)
3,810
53,632
9,932
1,500
1,000
2,710
3,000
2,250
10,000
23,981
500
3,031
3,000
356
20,000
10,000
4,493
50
1,800
6,278
(231)
(53,631)
(2,434)
3,579
7,498
1,500
189
2,090
2,995
2,204
10,000
11257
350
1,203
957
158
11,228
(811}
{620)
(5)
146)
(12,724)
1150)
(1,828)
(2,043)
1198)
18,772)
{10,0001
{1,1521
(3251
(1,8001
(4,4991
3,341
(275)
1,779
280,718
(384,099)
(103,381 }
TOTAL FUNDS
368,995
{470,981)
(101,986)
Page 23
continued...

Tho Dracaena Centre Ltd
Notes to the Flnanclal Statements - continued
ar Ended 30th Se
tember 2024
19. MOVEMENT IN FUNDS - contlnued
Dracaèna Centré Fund Was the fund for the construction of the Dracaena Centre. this is being
released as the prop ety is depreciated.
Offic8 Servlce Fund Was funding provided in relation to the constwction of the Dracaena Centre
and equipment. This is being released as the assets are depreciated.
Crimebeat Fund Was funding provided for equipment. This its being released as the asset is
depreciated.
Comwall Sports Partnershlp: Extended Servi¢es - After school youth activities
Duchy Heallh Trust Was funding provided for equipment. This is being released as the asset is
depreciated.
Falmouth Town Council (Youth) - The youth offer.
F&P Actlvlty - A resource fund for the youth projects.
Blg 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.
Legal Ald - A project providing free legal support for family. employment, housing and debt matters.
Crlsls Fund - A fund to provide hot meals, laundry and showers for vulnerable adults.
Youth Surplus Fund - Resource fund for youth offer.
Llnked 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, trainlng and work.
#Iwlll 2 - A fund for our woodland project for young people.
Food for Change A partnership project with the Comwall Food Foundation using food as the
vehicles for com munity engagement and education.
Early intervention, tackling anti-social behaviour funded by the Office of Police & Crime
Commissioner.
AFE fund - Nationa5 Lottery small grant funding Youth servI￿s
Tlme2Move - Provision of nutritious meals during school breaks to children and young people who are
in receipt of Free School Meals.
Hoadstart Kornow - Supporting young people with poor mental health.
Return to Play - Sport England funding to reengage adults into community sports.
FTC Resource - Resource funding for various groups.
Legal Advice Apprentlceshlp - Funding to provide legal advice apprenttceship scheme.
Alex Ferry Foundatlon - To 5UPPOrt youth and family groups with food.
Hubbub - Funding to provide a communty fridge to share surplus food with the community.
Page 24
continued...

Th.e_Dracaena Centre Ltd
Notes to the Flnanclal Statements - continued
19. MOVEMENT IN FLINDS - continued
Little Steps - A toddler session to support young families
Peer Support Worker - Funding for part time support worker to assist people in crisis.
Sport England - Funding for a community sport c£)ach.
VC Crisis Fund - Provides health and wellbeing support to the over 50$
Private Donatlons - Supports the youth team with resources for their sessions.
AFE Fund 2 - Small grant funding for Youth Services
CCF Refugee Fund A project working with 6 local refugee families to help them settle in our
community.
Cornwall Councll Cook - Cooking session as part of the youth service
Easter Promotion
people.
A programme of subsidised holiday activities for groups of vulnerable young
Elemental Crisls Fund - Supporting vulnerable young people within a youth diversionary partnershlp
projects with Element al UK.
Enablement Fund CHWW A fund for our Community Health and Wellbeing Workers to purchase
household items for members of the community they are supporting
Lady Hatch Private donation towards youth service
NHS Data A fund to monitor, evaluate and measure the impact of a range of wellbeing projects we
are delivering in partnership wilh the NHS and Volunteer Cornwall,
Refresh Support - Community education programme for unemployed young adults.
T2M Easler23 - A programme of subsidised holiday activities for groups of vulnerable young people.
The Arts Society Arts based grant to work with young men and women to create safe
activityltherape utic spaces through the use of textiles.
Trebah - Funds form Falmouth Rotary Club for a young people's trip to Trebah Gardens.
VC Community Hub - Funding to provide a range of activities and support for vulnerable people in the
community. This is part of a health partnership between Dracaena, Volunteer Cornwall and the NHS
Young Men's Group - A regular weekly activity and advi￿ session for young men.
RM Community - Fund fof the delivery ofcommunity events across the years
Time2MoveSummer23 A programme of subsidised holiday activities for groups of vulnerable young
people.
Cost of living fund National lottery grant to increase services for those struggling with increases in
the cost of living
Womens Wellness - Funding to organise a group to support women's wellbeing
Out reach - Funding to allow the youth team to increase support for street-based youth work
Page 25
continued...

Th Dracaena C8ntre Ltd
Notes to the Financial
for the Ye
atements - continued
hse
tember 2024
20. RELATED PARTY DISCLOSURES
Total remuneration paid to key management personnel during the period was £46.101 (2023".
£45,614).
21. COMPANY LIMITED BY GUARANTEE
The Dracaena Centre Ltd is a cL)mpany 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 ￿aSeS to be a member.
Page 26

The Dracaena Centre Ltd
Detalled Statement of Financial A¢tivities
2024
2023
as restated
INCOME AND ENDOWMENTS
Donations and legacles
Donations
14,157
42,464
Investment income
Deposit account interest
4,113
1,852
Charitsble actlvlties
Room hire
Cafe
Grants
66,783
17,952
182,019
64,349
16,923
243,407
266,754
324,679
Total Incomlng resources
285,024
368,995
EXPENDITURE
Charitable actlvltles
Wages
Social security
Pensions
Premises Costs
Direct activity expenditure
Insurance
Telephone
General administrative costs
Bad debts
Repairs & renewals
Depn of freehold propety
Depn of equipment
328,514
18,643
5,833
14,039
52,577
6,903
2,263
7,867
20
8,276
6,252
1,021
307,536
15,550
5,461
16,022
80,091
5,659
3,087
9,352
14
16,928
6,653
113
452,208
466,466
Support costs
Governance costs
Accountancy and legal fees
5,148
4,515
Total resources expended
457,356
470,981
Net expenditure
(172,332)
(101,986)
This page does not form part of the statutory financial statements
Page 27