', RRL
Charity registration number 1124492
Company rgglstratlon number 06481146 IEngland and Wales)
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
Ms JB Hampton (Chairl
Mr M Ellis ITreasurerl
Mr R Grant
Ms H SeymoLJr
Ms ND Johnson
Mr L Lloyd
IAppointed 15 September
20221
{Appointed 14 March 20231
MrA Earle
Secretary
Ms S Mari Eggins, Chief Executive Officer
Charlty numb&r
1124492
Company number
06481146
Principal address
Clinton Passage
REDRUTH
Cornwall
TR15 2AY
Registered office
Clinton Passage
REDRUTH
Cornwall
TR15 2AY
Audltor
RRL LLP
Peat House
Newham Road
TRURO
Cornwall
TR1 2DP
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
WEST MALLING
Kent
ME19 4JQ

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
CONTENTS
Page
Trustees, report
Stslemenl of trustees. responsibilities
Independent auditorfs report
8-11
Statement of financial activities
12
Balance sheet
13
Stslemenl of cash flows
14
Notes lo the financial statements
15-30

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial slalements and comply wth the charity's Memorandum and Articles of Associab"on, the Companies Act
2006 and 'Accounling and Reporting by Charities. Slalemenl of Recommended Practice applicable lo charities
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 las amended for accounting periods commencing from 1 January 20191.
Objectives and activities
The objects of the Charity are..
To act as a resource for young people up to the age of 25 wlh particular focus on those aged 13 10 17 living in
Cornwall and who have been, are or al risk of being in care by providing advi￿ and assistance and organising
programmes of physical, educational and other activities as a means of..
al Advancing in life and helping them by developing their skills, capacities and capabilities to enable them
lo participate in society as independent, mature and responsible individuals,"
bl Advancing education and training.,
cl Relieving unemployment.,
dl Providing recreational and leisure time activity in the interests of social welfare for young people living in
the area of benefit who have need by reason of their youth, age, infimiity or disability, povety or social and
economic circumstances with a view lo improving the conditions of life of such persons.
Principal activity
The principal activity of the charity is lo help young people who are care experienced have a good life, through
positive relationships, through support wth transition5 and through enabling young people lo have a voice.

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Achievements and perforniance
Our Target Outcomes for 2022 are set out below, followed by an infographic of how we achieved them.
H•lpry 350 c¥•
h•%* a ¢ood

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
c 4 Carefree
Cornwall
ANNUAL REVIEW 2022
Alm l• t• h•lp CAr• •xp•rl•ne•d y•u•4 p•opl• hav• •
Ibh.
260
179
SIl', OF
Amongst the achievements of 2022, Trustees want lo highlight the following key areas..
30- 50 young people engaged in local participation
In 2022, young people increased their ability to influence and lead the work of Cornwall's Corporate Parenting
Board. In April, young people invited the Board lo one of our favourite outdoor venues. BF Adventure, to agree on
the three top priorities for the coming year..
Increasing relationship based, trauma informed services which offer young people in and leaving care
consistency, a sense of permanence and help lo understand their own lived experience and enable them lo
learn, grow and be healthy
Better housing options for young people in and leaving care
Improved access to transport for young people in and leaving care
20-30 Young people aged 14-24 volunteering to support others
Peer Mentor Training
All our 11-17 programmes are supported by our Peer Mentors who are young people who support others to feel
more confident, make friends and learn new things. They help to befriend and welcome new young people into
Carefree and are role models ID their peers. This year, six new young people trained to become peer mentors. They
took part in a programme where they leamed about teamwork, communication skills, understanding emotions and
behaviour of themselves and others, safeguarding and discussed scenarios and how they would respond. They also
took part in a two day residential al BF Adventure where they sUPPOrted each other lo complete activrfties including
climbing and kayaking. They worked as a team to plan and complete problem solving activities, shopped for, and
fed the whole group and reflected on their learning and progress. They then put these skills into practice supporting
on our residential and group activities over the summer and completed an award in Interpersonal Skills. All six
young people who tCK)k part in the training in 2022 passed their panel interview and were part of the 30 strong group
of young people who actively supported others wthin Ihe organisation.

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accrediting young people's work
Accredilalion plays a big part in the informal education delivered across our teams. In order for young people lo be
able to gain re¢ognilion and ¢ertifi¢ales for their hard work in groups, we use the awarding bodies Ascenlis, AQA,
Arts Award and Sports Leader Award. The units of work delivered and achieved have ranged across many different
topics including Small Animal Care. Healthy Living, and Taking Part in an Activity. Team Worf( Skills. Emergency
First Aid at Work, Customer Service, Preparing for Work, Employability Skills and Career Preparation. In 2022, we
supported 52 individuals to complete 91 pieces of accreditation. We also worked with a group of Separated Children
Seeking Asylum and enabled them to achieve their Pre Entry Level Introduction to Learning for Speakers of Other
Languages, a new area of work for the Carefree team.
This year we gained Direct Claim Status, which means we have consislenlly mel all the required criteria and so can
claim for our learner's achievements in between quality assurance visits. Gaining accreditslion fosters autonomy,
agency and responsibility.. transferable life-skills that support our core aim of helping young people improve their
outcomes in terms of education, employment and training.
120 people attend an average of 3040 hours of activity
Sports leader programme
A Sports leader qualification can be the start of developing peer mentoring skills, or it can stand alone as an
accreditation where young people develop personal skills in a sports context. In 2022, we engaged young people in
a 2 day residential where they learned about games, team roles, inclusion and delivery styles. They designed and
led on their own games and reflected on their performance as a team. The youth workers who led the programme
reflected on how much the young people had gol out of doing the programme. For example, one young person was
initially very quiet in groups, struggling lo make choices and to speak in front of her peers. When designing her
game she showed that she was considerate of everyone's abilities and her confidence over the programme
increased significantly. By the end ol the programme, she delivered her game lo the group, speaking in front of her
peers and supporting and encouraging them. She reflected on her progress saying .1 made new friends and can
talk to people more. and that the programme had helped her wth her self-belief. Her progress over the year is
evident in her outcomes star where she has progressed from level three in 2021 to level seven in our ten-point scale
by the end of 2022 in her'Ability to Manage Relationships and Engage with Groups,.
Keeping in touch with young people
Our PA team continued lo deliver practice that helps Cornwall relain ils 'Oulslanding' Ofsted grade for services lo
care leavers. They were committed and persislenl in their support of young people, enabling those young people lo
know that there was a consistent adult to support them in their transition bett￿een being a child in care and an adLJII
partirypating independently within society.
In 2022, we emulated that good practice with the young people who engaged voluntarily wlh us, contacting them al
least every three months to check on their welfare and make sure that our offer lo them was relevant and that they
could choose lo engage in it. This increased our ability to ènsure that our delivery was what young people wanted,
and helped us offer young people the 'safe base, that research shows is essèntial for emotional well-being and
positive mental health.
Working in Partnership
Throughout 2022, Carefree has worf(ed dosely with local and national partners who include..
Cornwall Council - the soaal workers, foster carers and PA'S who work direcuy with the young people we
serve but also the wider Local Authority as il continues to develop its ability to be a good Corporate Parent
Health, particulady the designated nurse team for children in care but also including health visitors,
midwives, GP'S, hospitals and commissioned services like With You, Cornwall's substsnce misuse partner
Schools and colleges
Voluntary and Community sector partners that Carefree has grown up with, and learnt so much from along
the way - including WILD, BF Adventure, Young People Cornwall, The Learning Partnership for Cornwall
and the Isles of Scilly, Bamardos and the CAB
Our Business delivery partners including Out of the Box IT and Sapience HR

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Financial review
The results for the year are shown in the stslemenl of financial activities on page 12 and show nel incomingl
loulgoingl resources for the year of £116,51612021.' 1£133.58111, a surplus of £46.800 was generated in respect of
unrestricted funds12021' £57.1891.
Reserves pollcy
The charity holds three months running costs plus closure costs at year end in line with its reserves policy. This is
monitored monlhly. The current balance in general reserves is £131,814 which is assessed as adequate to SUPPDrt
the organisatlDn's financial stability going forwards.
Investment policy
The trustees have considered the most appropriate policy for investing fvnds and find that the current arrangement
with short temi bank deposits meets the requirement to generate a reasonable return on capital whilst maintaining
access lo funds for operational purposes.
Risk management
The Iruslees have examined the major strategic risks to which the charity is exposed and are satisfied that systems
are in place lo minimise or mitigate these. The trustees will continue to review potential risks on a regular basis and
will lake further action lo minimise or mitigate these risks as required.
Plans for future periods
Carefree has built on our learning in the last year and will be developing work in the future which enables more care
experienced young people to have a good life.
In 2022 we will continue to focus on enabling care experienced young people to have positive relationships, Support
them at times of transition and enable them lo have a vol￿. We will use these strategies lo develop our services in
several areas, including
Developing a range of work that supports care experienced young people into better housing
Offering bespoke support to separated children seeing asylum
Working Mrith key partners across Cornwall's Corporate Parent which ensure that young people re￿1ve
high quality, traLJma informed services in which their voices are clearly listened to and heard.
Structure. governance and management
Carefree - Fostering Independence Cornwall is a company limited by Guarantee governed by ils Memorandum and
Articles of Association dated 23 January 2008 and amended 23 May 2008. 11 became a registered charity with thè
Charity Commission on 12 June 2008. In the event that the charity is wound up, the members agree lo contribute an
amount of not more than £10 lo the assets of the charity.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signature of the financial stslemenls were".
Ms JB Hampton (Chairl
Mr M Ellis (Treasurerl
Mr R Grant
Ms C INalker-Booth
Ms M Came
Ms H Seymour
Mr L Tilley
Ms ND Johnson
Mr L Lloyd
Ms E Evans
(Resigned 15 September 2022}
(Resigned 23 June 20221
(Resigned 15 September 2022}
(Appointed 15 September 20221
(Appointed 15 September 2022 and resigned 19 January
20231
(Appointed 14 March 20231
MrA Earle

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Recruitment and induction of trustees
The directors of the company are also charity trustees for the purposes of charity law. Thè trustees may appc>inl a
person who is willing to act lo be a trustee. Potttnlial Iruslees meet the trustees and management prior lo the
proposal as a Iruslee. Once appointed, trustees undertake an induction into the working of the charity including
observing operational activity. discussions wlh stsff and reading information such as accounts and other evaluation
documents.
Oryanlsatlon
The Iruslees are legally responsible for the overall control and management of the charity. The Chief Executive
OffI￿r is responsible for the day-to-day management and administration of the charity and reports to the trustees.
Rgmun*ratlon poll¢y for koy managgment P9rsonng1
The trustees consider the Chief Executive Officer and the Finance Manager lo comprise the key management
personnel of the charity.
The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In
view of the nature of the charity, the Trustees benchmark against pay levels in other similai organisalions.
Disclosure of infomiation to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant lo the
audit. bul of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo
identify such relevant information and lo establish that the auditor is aware of such information.
The trustees, report was approved by the Board of Trustees.
Mr M Ellis (Treasurerl
Trustee
13 June 2023

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees, who are also the directors of Carefree-Foslering Independence Cornwall for the purpose of company
law, are responsiblè for preparing thè Trustees, Report and the financial statements In accordance with appli¢8ble
law and United Kingdom Accounting Standards Iunrted Kingdom Generally Accepted Accounting Practice).
Company Law requires the Iruslees lo prepare financial statements for each financial year which give a true and fair
view of the stsle of affairs of the Charity and of the in¢oming resources and application of resour￿$, induding the
income and expenditure, of the charitable ¢ompany for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently",
observe the methods and principles in the Charities SORP",
make judgements and eslimales that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disdosed and explained in the financial statements,. and
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy al
any lime the financial position of the charity and enable them lo ensure that the fi'nancial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CAREFREE-FOSTERING INDEPENDENCE CORNWALL
Opinion
We have audited the financial slalements of Carefree-Fostering Independence Cornwall Ilhe 'charily'l for the year
ended 31 December 2022 which comprise the statement of financial activities. the balance sheet, the stslemenl of
cash flt)ws and notes to the financial statements. including significant a¢counting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of
I￿land (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial slatemenls..
give a true and fair view of the slate of thè charitable company's affairs as al 31 December 2022 and of Its
incoming resources and application of resources, including r(s income and expenditure, for the year then
ended.,
have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Audilorts ￿spOnsibl11t￿es for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordance wth these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have concluded that the Iruslees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the worf( we have performed, we have not identified any material Ljncertainties relating to events or
conditions that. individually Dr collectively, may cast significant doubl on the charity's ability to continue as a going
concern for a period of at least bNelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilibes of the ttuslees wth respect lo going concern are described in the
relevant sedions of this report.
Other inforniation
The other information comprises the information included in the annual report other than the financial slalements
and our audilorfs report Ihereon. The Iruslees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other infomiation and. except to the extent
otherwise explicitly slated in our report, we do not express any fomi of assuran￿ conclusion thereon. Our
responsibility is to read the Other information and, in doing so, consider whether the other information is materially
inconsislenl wth the finanaal slalements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent m8leri81 misstslemenls, we are
required to determine whether this gives rise to 8 material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misslatemenl of this other information,
we are required lo report that fact.
We have nothing lo report in this regard.
Oplnlons on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the Iruslees, report for the financial year for which the financial slalements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the
financial slalements., and
the directors. report included within the trustees. report has been prepared in accordance with applicable legal
requirements.

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CAREFREE-FOSTERING INDEPENDENCE CORNWALL
Matters on which are required to report by exception
In the light of the knowledge and understsnding of the charity and its environment obtained in the course of the
audit. we have not identified material misststemenls in the directors, report included wthin the Iruslees, report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been re￿iVed
from branches not visited by us,. or
the financial slalements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the Information and explanations we require for our audit, or
the Iruslees were not entitled lo prepare the financial slalements in accordance with the small Companies
regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the
requirement lo prepare a strategic report.
Respon$lbllltles of tru$tee$
As explained more fully in the statement of Iruslees. responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial slalemenls and for being
satisfied that they give a true and fair view, and for such intemal control as the Iruslees determine 15 necessary lo
enable the preparation of financial slalemenls that are free from material misslalement, whether due lo fraud or
error. In preparing the financial slatemenls, the trustees are responsible for assessing the charity's ability lo
continue as a going Concern, disclosing, as applicable, matters related lo going Concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic altemative but to do so.
Audltorfs rasponslbllltles for tho audlt of the flnanclal statoments
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misslalemenl, whether due to fraud or error, and to issue an audilorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstslemenl when il exists. Misslalemenls can arise from fraud or
error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influence
the e¢onomi¢ decisions of users taken on the basis of these financial slatemenls.
Irregularities, induding fraud, are instances of non-compliance wV(h laws and regulations. We design procedures in
line with our responsibilities, oufjined above, lo delect material misstslements in respect of irregularities, including
fraud.
As part of our audit work, we obtained an understanding of the legal and regulatory frameworks applicable lo the
charity and the sector in which they operate. We delemiined that the laws and regulations surrounding the
safeguaiding of vulnerable groups were most significant lo the charity as well as the laws and regulations that have
a dirèct impact on thè prèparation of the finanaal statements such as the Charities Act 2011, the Companies Act
2006 and compliance with the Charities Statement of Recommènded Practice.

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CAREFREE-FOSTERING INDEPENDENCE CORNWALL
The specific procedures for this engagement and the extent to which these are capable of delecling irregularities,
including fraud Is detsiled below.
Obtain an understsnding of the legal and ￿gUlatOry frameworks applicable lo the charity and the sector in
which il operates. We detemiined that the laws and regulations surrounding the safeguarding of vulnerable
groups were most significant, as well as compliance with the Charib'es Act 2011 and the Companies Act
2006.
Review of the disclosures in the financial statements and testing to supporting docurnenlation lo assess
compliance with provisions of relevant laws and regulations described as having a direct effect on the
financi81 slatemenls",
Discussion wlh management as lo how compliance with these laws and regulations is monitored,"
Enquiries of management concerning actual and potential litigation and claims.,
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud.,
Reviewng minutes of trustee meetings and correspondence wlh regulators.,
Performing audit work in connection wrth the risk of management override of controls, including lesling
journal entries for reasonableness and evaluating the business rationale of significant transactions outside
the normal course of business.
We also communicate relevant identified laws and regulations and Potential fraud risk to all engagement team
members and remain alert lo any indications of fraud or non-compliance wth laws and regulations throughout the
audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misslatemenl in the financial statements or non-compliance wrth regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transadions reflected
in the financial statements. as we will be less likely lo be¢ome aware of instsn¢es of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
other matter
Comparative information in the financial statements is derived from the tharitsble company's prior period financial
statements which were not audited.
10-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CAREFREE-FOSTERING INDEPENDENCE CORNWALL
Use of our report
This report is made solely lo the charitable company's members, as a body, in a￿rdance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable company's
members those matters we are required to stsle to them in an auditorfs report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Josh Stevens Isenior Statutory Auditor)
forand on behalf of RRL LLP
30 June 2023
Chartered Accountants
Ststutory Auditor
Peat House
Newham Road
TRURO
Cornwall
TR1 2DP

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted Restricted
funds
funds
2022
2022
Total Unrestricted Restricted
funds
fund$
2021
2021
Total
2022
2021
Notes
Income from:
Donations and legacies
Charitable activities
Investments
298
47,271
588
20,000
20,298
1,084,053 1,131,324
588
70,301
37,205
70,301
807,269
770.064
Totsl Income
48,157
1,104,053
1,152,210
107,513
770,064
877,577
Ex
endlture on:
Charitable activities
1,959
1,034,360
1.036,319
50,784
960,930
1,011,714
Net gainslllossesl on
investments
625
625
556
556
Net Incomlnglloutgolngl
resou￿9$ before transfers
46.823
69,693
116,516
57,285
1190.866) 1133,5811
Gross transfers between
funds
1231
23
1961
96
Net movement In funds
46,800
69,718
116,516
57,189
1190,770} 1133,5811
Fund balances al 1 January
2022
225,014
118,668
343,682
167,825
309,438
477,263
Fund balances at 31
December 2022
271,814
188,384
460,198
225,014
118,668
343,682
The stslemenl of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The statement of financial activities also complies with the requirernenls for an income and expenditure account
under the Companies Act 2006.
12-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Notes
Flxed assets
Tangible assets
Investments
556
5,598
14
6,223
6,223
6,154
Current assets
Debtors
Cash at bank and in hand
16
149,067
344,717
88,769
291,937
493,784
380,706
Creditors: amounts falllng dug wlthln
ona year
17
139.8091
143,1781
Net current assets
453.975
337,528
Totsl assets less current liabilities
460,198
343,682
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
19
188,384
118,668
20
140.000
131,814
140,558
84,458
271,814
225,014
460.198
343,682
These financial slalements have been prepared in accordan￿ with the provisions applicable lo companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 13 June 2023
Mr M Ellis ￿reasurer>
Trustee
Company Registration No. 06481146
13-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Notes
Cash flows from operatlng actlvltles
Cash generated fromllabsorbed by)
operations
25
52,192
1152,767)
Invg$tlng a￿1¥111￿$
Proceeds on disposal of investments
Interest received
1,256
588
Net cash generated from investing
actlvltles
588
1,263
Net cash used in financing activities
Net increaselldecreasel in cash and cash
equivalents
52,780
1151,5041
Cash and cash equivalents at beginning of year
291,937
443,441
Cash and cash equivalents at end of year
344,717
291,937
14-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
Charity inforniation
Carefree-Foslering Independence Cornwall is a company limited by guarantee incorporated in England and
Wales. The registered office is Clinton Passage. REDRUTH, Cornwall, TR15 2AY. In the event that the charity
is wound up the members agree to contribute an amount of not more than £10 towards the assets of the
charity in the event of liquidation. The members of the charity are the trustees named on the legal and
administrative infomiation page.
1.1 A¢¢ounllng ¢onvgntlon
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of
Association, the Companies Act 2006 and Accounting and Reporting by Gharilies.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las amended for accounting
periods commencing from 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102.
The financial statements are prepared in slerfing, which is the functional currency of the charity. Monetary
amounts in these financial stslemenls are rounded lo the nearest £.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going ¢on¢em
Al the lime of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate reSoUr￿S to continue in operational existen￿ for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable
objectives.
Reslricled funds are subject lo speafic conditions by donors as to how they may be used. The purposes and
uses of the restricted funds arè sel out in the notes to the financial slatemenls.
Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to il after any performance conditions have been mel,
the amounts can be measured reliably, and il is probable that income will be received.
Cash donations are re￿nised on receipt. Other donations are recognised once the charity has been notified
of the donatlon, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation.
Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as
contingent asset.
15-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollcles
Icontlnuedl
1.5 Expendltu
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charty to the
expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs related lo the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for ils beneficiaries. It includes both cost5 that can be allocated directly to such activities and thosè
costs of an indirect nature necessary lo support them.
Governance costs
Governance costs inclLJde costs of the preparation and examination of the statutory accounts, the costs of
trustee meetings and the cost of any legal advice to trustees on govemance or constitutional matters.
Support costs
Support costs Include central functions and have been allocated lo activity cost categories on a basis
consistent with the use of resources, for example, allocating staff costs by the time spent and other costs by
their usage.
1.6 Tanglblg flx9d a$$gts
Tangible fixed assets costing £500 or more are capitalised and are initially measured al cost and subsequently
measured al cost or valuation, nel of depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures and fittings
25°/0 Straight line basis
The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the slalement of financial activities.
1.7 Fixed asset invastments
Fixed asset investments are initially measured al transaction price excluding transaction costs, and are
subsequently measured at fair value al each reporting dale. Changes in fair value are recognised in nel
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
1.8 Impalrment of flxgd a$$gts
Al each reporting end date, the charity reviews the carrying amounts of ils tsngible assets to determine
whether there Is any indication that those a5set5 have suffered an Impaitmenl loss. If any Such Indication
exists, the iecoverable amount of the asset is eslimaled in order lo deleimine the extent of the impaimienl
loss lif any).
1.9 Cash and cash equivalants
Cash and cash equivalents include cash in hand, deposits held al call wth banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdiafts are shown
wthin borrowings in current liabilities.
16-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollcles
Icontlnuedl
1.10 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of ils finanaal inslrumenls.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the
conlraclual provisions of the Inslrumenl.
Financial assets and liabilities are offset, wf(h the net amounts presented in the financial slatemenls, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to sellle on a nel
basis or to realise the asset and setue the liability simLJltaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslilules a financing Ir8nsaclion, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement constitutes a financing transaction, where the debt instrLJment is measured at the present
value of the fijture payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequendy carrieLI al amortised cost, using the effective Interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequendy measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday enliuement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
17-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Critical accounting estimates and judgements
In the application of the charity's accounting Policies, the Iruslees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The eslimales and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual resu115 Tnay differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and ftjture periods where the revision affects both current and future
periods.
Donatlons and legaclgs
Unrestrlcted ReStrI￿ed
funds
funds
Totsl Unrestricted
funds
2022
2022
2022
2021
Donations and gifts
Government grants
298
20,000
20,298
69,781
520
298
20,000
20,298
70,301
HMRC - grants have been received lolalling £Nil 12021.. £5201 to help wlh the furfoughed staff whilst in a
nationwide lockdown due to COVID-19.
Charitable activities
2022
2021
Grants and contracts for general charitable purposes
Grants and contracts for specific purposes
Other income
42,204
1,084,053
5,067
37,330
770,064
11251
1,131,324
807,269
Analysis by fund
Unrestricted funds
Restricted funds
47,271
1,084,053
37,205
770,064
1,131,324
807,269
18-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Charltable actlvltles
Icontlnuedl
Grants and contracts
Big Lottery
BBC Children in Need
Bleu Blanc Rouge Foundation
Esmée Fairbaim
Cornwall Council Leaving Care Service
Cornwall Council Other
British Foreign Schools Society
Cornwall Council Engagement & Participation Service
CHK Foundab'on
Learning Partnership- Skills Your Way
Other
54,829
51,812
75,000
50,750
276,021
239,304
67,778
71,163
50,000
135,567
172,808
30,588
94,586
112,584
76,000
50,393
139,764
55,238
129,666
1,126,257
807,394
£239,304- Cornwall Counul Other
This enabled Carefree lo deliver specialist support lo prevent Care Leavers becoming homeless, work with
the Multiply initiative lo enable care leavers who do not yel hold a level 2 qualification in maths, deliver
specialist support lo help Separated Children Seeking Asylum and offer careers guidance and support
including through the Compass programme.
The amounts included in other grants and contrads include the following for specific purposes..
£32,000- Segelman Trust
£23,000- The Listening Fund
£19,060- Cornwall Museum Partnership
£13,000- Cornwall Community Foundation
£10,000- National Lottery Awards for All
£500- Barclays Community Football Fund
The amounts induded in other grants and contracts include the following for general charitable purposes..
£27,250- Lloyds Foundation
Investments
Unrestricted Unrestricted
funds
funds
2022
2021
Interest receivable
588
19-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Charitable activitie5
2022
2021
Staff costs
Depreciation and impaimienl
Activty venue hire
Project ￿sourceS
Young peoples travel
Other project costs
Funds 4 care purchases
798,910
556
5,064
18,749
26,979
7,890
39,185
776,778
557
12,801
8,370
22,392
17,275
50,578
897,333
888,751
Share of support costs (see note 71
Share of governance costs Isee note 71
125,212
13,774
113,091
9,872
1,036,319
1,011,714
Analysls by fund
Unrestricted funds
Restricted funds
1,959
1,034,360
50,784
960,930
1,036,319
1,011,714
-20-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Support costs
Support Governanco
Costs
Costs
2022Support costs Govemance
costs
2021
staff costs
Rent, rates and
insurance
Repairs and
maintenance
Telephone and fax
Computer sofvare and
maintenance costs
Printing, postage and
stslionery
Sundry expenses
Cleaning
Bank charges
56,032
56,032
53,378
53,378
14,841
14,841
17,713
17,713
5,576
15,688
5,576
15,688
4,363
12,610
4,363
12,610
19,995
19,995
16,906
16,906
3,091
7,502
2,325
162
3,091
7,502
2,325
162
3,040
3.148
1,715
218
3,040
3,148
1,715
218
Audit fees
AC￿￿ntanCY
Legal and professional
Independent examination
fees
4,380
3,280
6,134
4,380
3,260
6,134
2.080
4,072
2.080
4,072
3,720
3,720
125,212
13,774
138,986
113,091
9,872
122,963
Analysed beh￿een
Charitable activits'es
125,212
13,774
138,986
113,091
9,872
122,963
Employ99$
Numberofemployees
The average monthly number of ernployees during the year was..
2022
Numbar
2021
Number
Chartsble activits'es
31
31
Employment costs
2022
2021
INages and salaries
Social security costs
Other pension costs
710,313
59,075
31,484
752,590
49,359
28,207
800.872
830,156
There were no employees whose annual remuneration was £60,000 or more.
21

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Net gainslllossesl on investments
Unrestricted Unrestricted
funds
funds
2022
2021
Revaluation of investments
Gainlllossl on sale of investments
625
482
74
625
556
10 Net movement in funds
2022
2021
Nel movement in funds is slated after chargingllcredilingl
Fees payable lo the company's auditor for the audit of the company's financial
slalements
Depreaation of owned tangible fixed assets
4.380
556
557
11 Trustees
None of the trustees lor any persons connected wlh them) received any remuneration from the charity during
the year.
No trustees were reimbursed for expenses in the year12021.' none).
12 Taxation
The company Is a registered charity and is, therefore, exempl from taxation.
-22-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
13 Tangible fixed assets
Fixture5 and fitting5
Cost
Al 1 January 2022
4,456
Al 31 December 2022
4,456
Depreciation and impaiment
Al 1 January 2022
Depreaalion charged in the year
3,900
556
At 31 December 2022
4,456
Carrylng amount
At 31 December 2022
Al 31 December 2021
556
14 Fixed asset investments
Listed
Investments
Cost or valuation
Al 1 January 2022
Valuation changes
5,598
625
Al 31 December 2022
6.223
Carrylng amount
At 31 December 2022
6,223
Al 31 December 2021
5,598
15 Flnanclal Instruments
2022
2021
Carrying amount of financial assets
Instruments measured al fair value through profit or loss
6,223
5,598
-23-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
16 Debtors
2022
2021
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
10,250
552
138,265
1,131
87,638
149,067
88,769
17 Credltors: amounts falllng due wlthln one year
2022
2021
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
16,988
4,881
11,220
6,720
11,632
6,457
8,772
16,317
39,809
43,178
18 Retirement benefit schemes
Defined contribution schemes
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
The charge lo the stslemenl of financial activities in respect of defined contribution schemes was £31,484
{2021'. £28,207).
There were £6,42512021.' £4,151) of oulslanding contributions at the year end.
-24-

¢D <0 (n
Or(
(o (Ti
0*0 oNLn
(J) o e) (*) O) C
¢o*rri
¢DrO
0￿0
oo
Ln v) o
ts)00
(00￿0
(D
cw (J) it> * O) (YJ ￿ OJ
O O O CO (TJ v c tt) co
¢D ¢D¢Or Inr
CN rfj a> ¢q (fj W (Y O *
o)0
(n
)ott)00
o ro o Lrj
10
(0 0>
Ln 0>
Ln o
I￿
(n (o a)
¢Dro
(N o
W￿00
J to
Q)U QIUU iJLL w c >U c o
rti rtsco LUL)UwUU￿a tOUCQULUa￿￿0￿u)

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
20 Designated funds
The income funds of the charity include the following designated funds which have been sel aside out of
unrestricted funds by the Iruslees for specific purposes..
Balance at
1 January 2021
Resources
expended
Transfer5
Balance at
1 January 2022
Resources
Balance at
expended 31 December
2022
Closure costs
Capital reserve
58,000
1,113
82,000
140,000
556
140,000
15571
15561
59,113
15571
82,000
140,556
15561
140,000
Purposes of designated funds
Closure Costs- This fund is lo be utilised should the charity cease lo operate lo ensure that all closure costs
can be funded.
Capital ReseNe- This fund equals the net book value of tangible fixed assets.
21 Analy$l$ of net a$$gts betW99n funds
Unrestricted Restricted
funds
funds
2022
2022
Total Unrestricted
funds
2021
Restricted
funds
2021
Total
2022
2021
Fund balances a131
December 2022 are
represented by..
Tangible assets
Investments
Current assetsllliabilitiesl
556
5,598
255,318
556
5,598
337,528
6,223
265,591
6,223
453,975
188.384
82,210
271,814
188,384
460,198
261,472
82,210
343,682
22 Capital commitments
2022
2021
Al 31 December 2022 the charity had capital cornmilments as follows..
Contracted for bul not provided in the financial statements..
Acquisition of intangible assets
3,000
-29-

', RRL
CAREFREE-FOSTERING INDEPENDENCE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
23 Related party transactions
Remuneration of key management personnel
Key management personnel in 2022 consisted of 3 members of stsff12021'. 21. The remuneration of key
management personnel is as follows.
2022
2021
Aggregate compensation
120.694
87,918
The charity is controlled by the trustees who are all directors of the company.
Transactions tolalling £17512021.. £Nill relating to casual employment of a close family member of one of the
key management personnel look place during the year. There were £NIl amounts outstanding as al 31
December 202212021. £Nill.
24 Analysls of changes In net funds
The charity had no debt during the year.
25 Cash generated from operations
2022
2021
Surpluslldeficill for the year
116,516
1133,5811
Adjustments for..
Investment income recognised in statement of financial aclivf(ies
Gain on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
15881
{71
1741
14821
557
16251
556
Movements in working capital".
Ilncreasel in debtors
{Decreasellincrease in creditors
160,2981
13,3691
128.0841
8,904
Cash generated fromllabsorbed by) operations
52,192
1152,7671
30-