Company reglstratlon number 06481146 (Enyland and Walesl
Charlty registration number q124492 (England and Wales)
CAREFREE CORNWALL
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

CAREFREE CORNWALL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M C Ellis
M Bignell
A Earle
R Grant
S Griffilhs
N Johnson
(Appointed 28 January 20261
Company Secretary
S M Eggins
Country of Incorporatlon
United Kingdom
(England and Wales)
06481146
Charlty reglstratlon
England and Wales
1124492
Registered office
Carefree
Cllnlon Passage
Redruth
Comwall
TR15 2AY
Audltor
BK Plus Audit Limited
4 Slalion Road
Redrulh
Comwall
TR15 2AB
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
Wesl Malling
Kent
ME19 4JQ

CAREFREE CORNWALL
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent auditor's report
8- 11
Slalement of financial activities
12
Balan￿ sheet
13
Stslemenl of cash flows
Notes lo the financial statements
15-35

CAREFREE CORNWALL
TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees présent their annual report and financial statements for the year ended 31 De¢ember 2025.
The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP 'l*counling
and Reporting by Charities.. Statement of Recommended Practice ap￿l￿ble to Gharilies preparing their aGcounls in
accordance wlh the Financial Reporting Standard applicable in th& UK and Republic of Ireland IFRS 1021"
Objectlves and actlvltles
Public benefit
The Iiuslee5 confirm that they have complied with the r@quiremenls of section 17 of the Charities Act 2011 to havè
due regard lo the public benefit guidan￿ published by the Charity Commission for England and Wales.
The objects of the Charity are..
To act as a resource for young people up lo thfr ag8 of 25 with particular focus on those aged 13 10 17 living in
Comwall and who have been, are or al risk of being in care by providing advice and assistance and organising
programmes of physical, educational and c)Iher activities as 8 means of_.
a) Advancing in life and helping them by developing their skllls, capacities and capabilities lo enable them
ID participate in society as independent, mature and responsible individuals,"
bl Adv?ncing education and training.,
cl Relieving tjnemployment.,
dl Providing recreational and leisure lime activity in the interests of social welfaie lor young people living in
the area of benefit who have need by reason of their youth, age, infirmity or clisability, poverty or social and
economic circumstan¢6s with a view to improving the conditions of life of such persons.
The principal activity of the charity is lo help yOLJng people who are care experienced have a good life, through
posib've relationships. through support with transitions and through enabling young people to have a vol￿.
The Charity changed ils nama from Carefree-Fosl&ring Independence Cornwall lo Carefree Comwall on 24 July
2025.

CAREFREE CORNWALL
TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORTI ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Achievements and performance
Significant Jclivities and achi&vemenls agsinst objectives
Our Target Outcomes for 2025 are set out below, followed by an infographi¢ of how we achieved them.

CAREFREE CORNWALL
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
c 4 Carefree
CoffbwAI
ANNUAL REVIEW 2028
I*)¢￿ 111•.
S44
8REAXDOWPI:
JJI
ij
Amongst the achievernents of 2025. Trusteès want to highlight some key areas.
Carefree Cornwall celebrated our 20th Annlvèrsary.
Carefree began as an idea wth young people, foster carers, social workers and others in the early 2000's. On
January 1 st 2005 we began lo have paid employees who were able to develop the organisalion alongside young
people. In July 2025 we celebrated 20 years since our first youth programme began, with an event al Scorrier
House Redrulh. The highlight of the event was a panel of experts by experience, Carefree Icons, who had
experienced Carefree setvices in their teens and early twenties and who could look back as adults on what il had
meant to them. They tslked about the support of Personal Advisors, the way Carefree supports young Feople over
many years, Peer mentoring, having a voice and the skills they had developed because of the organisalion. One
young person said 'Carefree have always made il clear that they were there for you then, they are there for you now
and they wll be there for you in the future,.
A significant development in 2025 is that we changed our name. When we originally registered with Companies
House and then the Charity Commission, we called ourselves 'Carefree Fostering Independence Cornwall, because
we thought that a significant outcome of our work would be promoting independent living skills as y￿￿Ng people
became care leavers. However, r( became apparent that the most important thing that young people weTe gaining
from our work involved making friends and having strong relationships with staff. Our fDCUS was really about
promoting positive relationships, from which other learning, in¢lLJding independent living skills, would follow.
Dropping 'Foste￿n9 Independence, in our 20th year was an acknowledgement of this leaming.
We supported a record 644 young people.
In the year that we celebrated our 20th anniversary, we also celebrated reaching 100 times more young people that
the 6 we began with in 2005.
72 young people gngagod In local participation.
In 2025, young people chaired Comwall's Corporate Parenting Board in two young people's Takeover events,
ensuring that relationship based, trauma informed services were a priority along with better housing for care
leavers. Young people also helped to recruit and train social workers and foster carers and engaged in National
opportunities like the National Leaving Care Benchmarking Foruln.

CAREFREE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
91 Care Leavers were enabled to sustain stable housing.
Over the last three years Carefree has moved from supporting young petsple to campaigrt for better hotjsing to
supporb'ng bespoke accommodation. Through 2025 we developed a team which provided ffloaling support lo care
leavers in their first homes. Part of this service included delivering supported housing service5 at a project in Sl
Austell for six care leavers at a lime, in partnership with Ocean Housing and Comwall Council. We have worked
closely with these partners to develop the provision as a service lo care leavers and have been integrally involved in
helping lo evalLJale the pilDI.
33 Young people aged 14-24 volunteerlng to support others.
In 2025, 33 young people were trained and enabled to support their peers. Young people's leadership and their
support of others has been central lo our work since C8refree's ￿inning, when six young people became our first
ever Peer Mentors. Young people who are care experienced are a powerful role model lo their peers. Engaging
young people and connectino with them to enable them to take part in activity that builds positive relationships
offers young people lifelong skills in building positive relationships, engaging with communities and having 8
network lo rely on.
61 young people who were Separated Chlldren Seeklng Asylum received speclallst support to belong and
Integrate In the Cornlsh ¢ommunlty
In 2025 our Slalutory team oflered young people who were children seeking asylum wilhoul their parents in depth
SiJPPDrt across 3 months to settl@ in accommodation, develop English Language skills and access education. Our
Voluntary delivery team complemented this work by enabling SCSA young people opportunities lo integrate into
Cornish culture and share their own culture with Comish origin care leavers.
What young people sald about our sorvlce..
Carefree has played a big part in my life. helping me build connections with others and supporbng me to
overcome the challenges I have laced over the last 7 years
Carefree means safely and a place to have fun and be yourself
Carefree is like my other family
Carefree helps young people new to the care system meet other young people in care
Carefree has allowed me lo make new friends and try things I would never have tried befote
As a peer mentor, I love helping other young people
Working in Partnership
Throughout 2025, Carefreè ha5 worked closely with local and nalSonsl partners who include,.
Cornwall Council - the social workers, f051er carers and PA'S who woik directly with the young people we
serve but also the wider Local Authority as it continues lo develop its ability lo be a good Corporate Parent
Health. particularfy the designated nurse team for children In care
Schools and colleges, and Awena, the Virtual SchcK)I for Child￿n in Care
Voluntary and Community sector partners that Carefree has grown up wth, and leamt so much from along
the way - including NLD, BF Adventure, Young People Cornwall. Barnardos, A Band of Brolhers, Ocean
Housing and the Voluntary Sector Forum
Our business delivery partners, including Out of the Box IT

CAREFREE CORNWALL
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Financial review
The results for the year are shown in the slatemenl of financial activÈthes on page 12 and show net incoming1
loulgoingl resources for the year of £1109,243112024.. £68,676), a deficit of £2,070 was generated in respect ol
unreslricled funds12024 surplus." £39,177).
Notes 18 and 19 of the financial stslements delalls the Fund balances held by the charity. There is a deficit on the
Comwall Council - 18+ Care Leaver Service reslricled funé of £7,973 as al 31 December 2025. This is due to the
liming of attributsble cost5 incurred in the period that have been allocated lo this fund. The charity is due to ieceive
income in the forthcoming period, as part of the funding agreement, that will eliminate this defieil.
Resehves policy
The charity holds threè months running costs plus closure costs al year-end in line wrth ils reserves policy. This 1$
monitored monthly. The balance in unrestricted resetves as at 31 December 2025 is £311,230, comprising
designated closure costs Df £191,289 and general reserves is £119.941. which is assessed as adequate lo
support the organisation's financial stability going fon￿ardS,
Investtnentpolicy
The Iruslees have considered the most appropriate policy for invesling funds and find that the Current arrangement
with short temi bank deposits meals the requirement lo gener818 a reasonable relum on capV(al whilst maintsining
access to funds for operational purposes,
Risk n7anagen7ent
Thè trustees have examined the major strategic risks lo whieh the charity is exptrsed and arè satisfied that systems
are In place lo minimise or miligale these. The trustees will conbnue lo review potential risks on a regular basis and
will take further action to minimise or mitigate these risks as required.
Plans for future periods
Activities planned to achieve aims
Our plans focus on continuing to ensure that care experienced young people have a better life through promoting
positive relationships, supporting at limes of transition and giving young people a voice. 2Q26's work will build on
our group work for young people from age 11, our one lo one Sclvice and guidance and SUPPDrt in leaving care. We
will continue lo develop our strategic influence in leTms of enabling care leavers lo find good homes. We will be
developing more strategies to offer skilled, ir¢lensive support lo young people who are fi'nding social engagement
More challenging.
Strncture, governance and management
Carefree Cornwall is a Company limited by Guarantee governed by its Memorandum and Arti¢les of Association
dated 23 JanLJary 2008 and amended 23 May 2008 and July 24 2025. 11 became a registered charity with the
Charity Commission on 12 June 2008. the event that the charity is wound up, the members agree lo contribute an
amount of not more than £10 to the assets of the Charity.
The trustees, who are also the directors foi the purpose of Gompany law, and who served during the year and up lo
the date of gignalure of the financial slalemenls were..
M C Ellis
M Bignell
AEarfe
R Grant
S Griffiths
N Johnson
J B Hampton
(Appointed 28 January 20261
(Resigned 16 July 20251

CAREFREE CORNWALL
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Recruitment and appointment of Imsle&s
The diréctors of the company are also charity trustees for the purposes ol charity law. Thè trustees may appoint a
person who is willing to act Its be a trustee. Potential trustees meet the trustees and management prior lo the
propos81 as a trustee. On¢e appointed, trustees undertake an induction into the working of the charity in¢lucling
observing operational activity, discussions wlh staff and reading information such as accounts and other evaluation
documents.
Organisational stwctu
The trustees are legally responslble for the overall control and management of the chaflty. The Chief Executive
Officer is responsible ftsr the Qay-lo-day management and aclministralion of the charity and reports to the trustees.
Remuneratson policy
The trustees consider the Chief Executive Officer, Finance Manager and People and Contracts 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 aVer￿e earnings. In view of the nature of the oharily, the Trustees
benchmark against pay levels in other similar organisalions.
Dlsclosure of Infom)at5on to audltors
Each trustee has taken steps that they ought to have taken as a trustee in order to make Ihemselvès aware of any
relevant audit information and to estsblish that the Charity's auditor is aware of that information. The trustees confirm
that there is no relevant information that they know of and of which Ihey know the auéilor is unaware.
The Iruslees. report was approved by the 8oard of Trustees.
M C Ellis
Trustee
Date..

CAREFREE CORNWALL
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees, who are also the difectors of Carefree Comwall for the PUTpose of eompany law, are responsible for
preparing the Trustees, Report and the financial statements in accordance wth applicable law and United Kingdom
Accounting Stand8rds (United Kingdom GÈnerallyAecepled Accounting Praetieel, ineluding FRS 102'The Financial
Reporting Standard applicable in the UK and Republic of Irel4n4"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the slate of affairs of the charity and ol the incoming resources and application of resourcès, including the
income and expenditure, of the charitable company for that ye8r.
In preparing these financial statemenls, the IrLEslees are required lo-
select suitable accounting policies and then apply them Gonsislenlly..
observe the methods and principles in the Charities SORP.,
make judgernenls £nd estimates that are reasonable and prudent., and
prep8Te the financial statements on the going concern basis unless il Is inapproprlale tts presume that the charity
11 continue in operation.
The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al
any time the financial position of the charily and enable them to ensure that the financial slalemenls comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen￿ for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

CAREFREE CORNWALL
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CAREFREE CORNWALL
Oplnion
We have audited the financial statements of Carefree Cornwdll (the 'charily'l for the year ended 31 December 2025
which comprise the statement of financial activities, the balan￿ sheet, the statement of cash flows and notes lo the
financial statements, including significant accounting policies. The financial reporting tramework that has been
applied in their preparaliDn is applicable law and United Kingdom Accounting Sl8ndards, including Financial
Reporting Sl?ndard 102 The Financi81 Reporting Standard applKable in the UK and Republ￿ of I￿land IUnileLf
Kingdom GenerallyAccepted Accounting Praclicel.
In our opinion, the financial slatemenls..
give a true and fair view of the slate of th@ charitabte company's affairs as at 37 December 2025 and of its
incoming resources and appli¢alion of resources. for the year then ended.,
have been properly propared in accordance with United Kingdom Generally Accepted Accounty'ng Practi￿.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicablè
law. Our responsibilities under those standarols are further desoribeol in the Auditoffs responsihilrfies for Ihe audit ol
the financial slatgm&nls section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo 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 eviden￿ we have obtsined is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to going concern
In auditing the financial slalemenls. we have concluded that the trustees. use of the going concem basis of
accounting in the preparation of the financial slalements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that. individLJally or collectively, may cast signrficant doubt on the charity's ability lo continue as a going
concem for a period of al least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Iruslees with respect to going concérn are described in the
relevant sections of this feport.
other information
The other infomialion comprises the information included in the annual report othor than the fina￿la1 statements
and our auditor's report Ihereon. The trustees are responsible for the other inform81ion contained within the annual
report. Our opinion on the financial slatemenls does not cover thé other infomialion and we do not express any form
of assurance conclusion IhÈreon. Our rèsponsibility Is lo read the other information and, in doing so, consider
whether the other information is materially inconsistènt with the financial statements or our knowledge obtained in
the course of the audit, or olherwse appear5 to be fflalerially misstsled. If we identify such Thaterial in¢c>nsislencies
or apparent material misslalements, wè are required to determine whether this gives rise to a materi81 misstatement
in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a
mateaal misslatemenl of thi5 other intomation, we are reqUI￿d to report that lacl.
We have nothing to report in this regard.

CAREFREE CORNWALL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CAREFREE CORNWALL
Matters on whlch we are requlred to report by excèptlon
In the light of our knowledge and understanding of the charity and ils environment obtained in the course of the
audfc, we have not identified material misstslements in the Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requir& us to report lo
you if. in our opinion".
adequate accounting records have not been kept, or relums adequate for our audtt have not been re￿iVed
from branches not visited by us., or
the financial statements are not in agreement with thè accounting records and retums., or
rtain disclosures of trustees remuneration specified by law are not made., or
the trustees were not entitled lo prepare the financial statements in a¢cordan¢e wilh the small ¢ompanies
reglme and tske advantage of the small companies, exomplions in preparing the Iruslees, report and from the
requirement to prepare a strategic report
Responsibilities of trustees
As explained more lully in the slalement of Iruslees, responsibiltiies, the Iwslees, who are also the dire¢tors of the
charity for the purpose of coillpany law, are responsible for the preparation of the financial slalements and for being
satisfied that they give a true and fair view, 8nd for such intern81 Control as the truste&$ delemiine is necessary tD
enable the preparation of financial slalemenls that are free from material misstatement. whether due lo fraud or
error. In preparing the financial slalements, the Iruslees are responsible for assessing the charity's ability I
continue as a going coneem, disclosing, as applicable, matters related lo going concern and using the going
concem basis of accounting unless Ihe trustee5 eitheT intend lo liquidate the charitable company or lo cease
opeiations, or have no realistic alternative bul lo do $0.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accofdance wth the
Act and relevant regulations made or having effect Ihereunder.
Our objeth'ves are lo obtain reasonable assurance about whether the financial slalements as a Who￿ are free from
material misstatement, whether due to fraud or error, and lo issue an auditorfs report that includes our opinion.
Reasonable 8ssurance is a high level of assLJrance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always delecl a material misslalement when it exists. Misstatements can arise from fra￿d or
error ané are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users tsk&n on the basis of these financial slal&m@nl$.
The extent lo which our procedures are capable of deleeling irregularities. Including fraltd, is detailed bèlow.
We obtained an understanding of the legal and regulatory frameworks that are applicable ID the eh*ity al the
planning stage of the audit. The charity is subject lo laws and regulations that directly affect the financial
statements, specifi¢ally the Companies A¢1 2006. Charities Act 2011 and Charities Statement of Recommended
Practice. We assessed the extent ol complian¢e with laws and regulations as part of our PTocedures on the related
linanci81 $18temenl itèms_ The charity is also subject lo laws and regulaliDns where the Consequences of non-
compliance could have a material effect on amounts or disclosures in the financial slatemenls, for in8tar)ce through
the imposition of fines or litigation or loss of the charity's ability lo operate. In n7aking this assessment we
determined that the most significant elèments of legislab'on include those relating lo employrnenl laws and
regulations, health and safely stsndards and social care.

CAREFREE CORNWALL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CAREFREE CORNWALL
Based on thi5 understanding we designed our audit procedures to idenlrfy non-compliance wlh such laws and
regulations. Our procedures involved the IDllowing'.
Making enquiries of management regarding their knowledge of any non-compliance wlh laws and
regulations that Could affect the financial stslemenls. As part of these enquiries, we also discussed with
management changes in risk assessment relating lo fraud, and whether there have been any known
instances, allegations or suspicions ol fraud, of which there were none.
Considering the filings made at Companies House and any omissions Ihereon, of which none were
identified.
Discussing with management compliance with health and safety and social care legislation.
Making anquiries of management and reviewing charity expendilure for any evidence of disputes, actual or
potential litigations ?nd ¢laims, with regulators or any other such body.
ALJdited the risk of management override of controls, including through testing of journal entries and olher
adjustments for appropriateness, and evaluating the rationale for significant transacb'ons Outside the normal
course of charitable activities, of which there were none.
Reviewed the &slimates and judg8m8nts made in the financial slalemenls for any indication of bias and
challenged assumptions used by management in making the eslimales.
Reviewed B08rd minutes and ¢orrespondertce with regulators to ¢orroborale the ffinding from the above.
Due lo the inherent limitations of an audit, there rernains a risk that we may not have detected some malerl81
misstatements in the financial statements or non-compliance wth laws and regulations. This is despite the fact that
we have properly planned and performed our audit in accordance with auditing standards. For example, the further
removed irregularib.es are from the events and transactions reflected in the financial statements, the less likely the
inherently limited procedures required by auditing standards would identify it. As with any audit, there remained
high risk of non-delection and irregulsrities, as these may involve collusion, forgery. intention81 omissions,
misrepresenlalions. or the override of internal controls. This risk was reduced by a thorough revièw of all Controls In
place that monitor items and transaction5 affecting the financial slalemenls. The primary responsibility for the
prevention and detection of the irregularities and fraud rests with the Iruslees of the charity.
I relevant laws, regulations and significant risks of fraud identified have been cleaty communicated lo each
member of the audit engagement team.
We are not responsible for preventy'ng non-complianco and cannot be expected lo detect non-compliance with all
laws and regulations.
A further descTiplion ol our responsibilitie5 is available on the Financial Reporting Council's website al-. https".11
www.frc.org.uklaudilorsresponsibililies. This description forms part of our auditor's report.
Use of our report
This report Is made solely to the charity's tmslees, as a body, in accordance with Part 4 of the Charities (Accounts
and Reports) Regul8tlons 2008. Our 8uéil work has been undertaken so that we might slate lo the charily's Iruslees
those matters we are rèquired lo slate lo them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume re5ponsibilily lo anyone other than the charity and the ¢harily's
Iruslees as a body, for our audit work, for this report. or for the opinions we have fomied.
Davld Hastlngs FMAAT, ACA IS8nlor Statutory Auditor)
For and on behalf of BK Plus Audit Limited, Stalulory Auditor
Chartered Certified Accounlanls
4 Station Road
Redrulh
Cornwall
TR15 2AB
Dale-.
10-

CAREFREE CORNWALL
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CAREFREE CORNWALL
8K Plus Audit Limited is eligible for appointment as auditor of the charity by virtue of its digibility for appointment as
auditor of a company under section 1212 of the Companies Acl 2006.

CAREFREE CORNWALL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Unrestricted Restrlcted
funds
funds
202S
2025
Total Unre5tri¢ted Re$triGted
funds
funds
2024
2024
Total
202S
2024
Note5
Incom• from:
Donations ancl legacies
Charitsble actlvltles
Investments
3,439
39,601
8,674
3,439
1,556.399 1.596,000
8,674
11,370
55,151
8,434
11,370
1,415,382 1,470,533
8,434
Total income
51,714 1.556,399
1,608,113
74,955 1,415,382 1,490,337
Expendltur8 on..
Charitsble activities
52,574 1.664.253 1,716,827
36,187 1,385,883 1,422,070
Total expenditure
52.574 1,664,253 1,716,827
36,187 1,385,883 1,422,070
Nel gainslllossesl on
investments
(529)
15291
409
409
Net incomellexpenditurel
{1,3891 (107,8541 (1 D9,2431
39,177
29,499
68,676
Tr8nsfers ￿tween
funds
16811
681
{3,878)
3,878
Net movement In
funds
{2,0701 1107,1731 1109.2431
35,299
33,377
68,676
Reconclllatlon of funds..
Fund balances at 1 January
2025
313,300
241,578
554,878
278,001
208,201
486,202
Fund balances at 31
December 2025
311,230
134,405
445,635
313,300
241,578
554,878
AJI of the thanty's activities derive Irom continuing operations during the above two periods.
The slalemenl of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 10 35 form part of these financial statements_
12-

CAREFREE CORNWALL
BALANCE SHEET
AS AT31 DECEMBER 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
12
13
6,463
2,355
5,119
2,884
8,818
8,003
Current assets
Debtors
Cash at bank and in hand
133,249
408,155
100,349
597,378
541,404
697,727
Crèditors.. amounts falling due wlthin
one year
15
(104,5871
1150,8521
Net current assets
436,817
546,875
Total assets less current Ilabllltles
445,635
554,878
The funds of the charlty
Restricted income ftjnds
Unrestricted funds
18
19
134,405
311,230
241,578
313,300
445,635
554,878
The notes on pages 15 to 35 fomi part of these financial statements.
Registration number.. 06481146
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect lo accounting records and the preparation of financial statements.
The financlal slalements were approved by the trustees on .
M C Ellis
Trusts8

CAREFREE CORNWALL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2024
Notes
Cash flows from operating activI￿e$
Cash labstsrbed byllgenefaled from
operations
24
1194,3831
180,136
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Inv8Stmenl income received
13.5141
16,1201
(5,3591
7,926
8,434
8,674
Net cash generatèd from investlng activities
5,160
4,881
Net cash generated from flnanclng acuvltles
Net Ide¢r&asellincrease In cash antl cash
equivalents
{189,223)
185,017
Cash and cash equivalents at beginning of year
597,378
412,361
Cash and cash equlvalents at end of year
408,155
597,378
The notes on pages 15 to 35 form p8rt of these financial stslemenls.
14-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policie$
Charlty Informatlon
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have
share capital. Each of the Iruslees is liable to contribute an amount not exceeding £10 towards th@ assets ol
the charity in the event of liquidation
The address Df ils registered office is..
Carefree
ClinlDn Passage
Redrijlh
Cornwall
TR15 2AY
1.1 Basls of preparatlon
The Charity is a public benefit enty'ty as defined by FRS 102.
The lin8ncial ststements have been prepared in aecordanee with the charity's Memorandum and Articles ol
Association, the Companies Act 2006 and "Accounling and Reporting by Chafilies.. Slalemenl of
Recommended Practice applicable to charities ￿paring their accounts in accord8nce with the Flnancial
Reporting Standard applicable in the UK anLI Republic of Ireland IFRS 102}-.
The financial slatemeTrts are prep?red in sterfing. whi¢h is the fvnctional currency ol the charity. hllonetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The prfnclpal accounting
policies adopted and applied in the preparation of these financial statements are sel out below. These policies
have been consistently applied lo all the years presented. unle55 Otherwise stated.
1.2 Going concern
The finanGial state￿ellts have been prepared on a going concern basis.
Al the lime of approving the financial 51alemenls, the trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for thè foreseeable future. Thus the IrLBlees
continue to adopt the going concem basis of accounting in preparing the financial slalements.
1.3 Charitable fund5
Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Reslricled fvnds are subject lo spe¢ift¢ conditions by donors or grantors as to how they may be used. The
purposès and uses of the rèslricled funds are sèt out in the notes to the financial slalements.
EndDwment funds are subject lo specific conditions by donors that the ¢apital musl be maintained by the
charity.
1.4 Income
Ineome is recognised when the charity is legally enlilled lo il after any pertormance conditions h8ve been met,
the amounts can be measured reliably, and il is probable that income will be re￿1ve￿.
Cash tlonalions are recognised on Teceipl. Other donations are recognised once the charity has been notified
of the donation, unless performance eondilions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation.
15-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
(Contlnuedl
L￿a¢le$ are recognised on receipt or otherwise if 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 a
conlingenl asset.
Investment income is reGognised on a receivable basis.
Grants receivable
Grants are recognised when the charity has an entitlement to the ftjnds and any conditions jinxed to the
grants have been mel. Where performance conditions are allached lo the granl and are yel lo be met, the
income is recognised as a liability and in¢luded on the ba18nce sheet as deforred income lo be relessed.
Deferred Income
Deferred income repr@senls amounts received for future periods and is released lo incoming resources in the
period for which. il has been received. Such income is only deferred when".
The donor specifies that the grant or donation musl only be used in luture accounting periods; or
The donor has imposed conditions which must be mel before the charity has unconditional entitlement.
1.6 Exp¢ndlture
Expenditure is recognisecl once there is a legal or conslruclive obligat￿n lo transfer economic benefit to a
third party. il is probable that a transfer of economic benefi'ts will b& required in selllement, and the amount ol
the obligation ¢?n be measured reliably. Al Costs are allocated lo the applicable expenditure heading that
aggregate similar costs to that category.
Charitable activities
Charitable expenditure ￿MPriseS those costs incurred by the charity in the delivery of its ?clivities and
services for its beneficiaries. 11 include8 both costs that can be allDcaled directly to such aclivties and those
costs of an indirect nolure necessary lo support them.
Support costs
Support costs indude ¢enlral functions and have been allocated to activity cost categories on a tAsis
consistent with the use of resources, for example, allocating staff costs by the lime spent and other costs by
their usage.
Governance costs
Governance costs include costs of the preparation and examination of the slalutory accounts, the costs ol
trustee meetings and the cost of any legal advice lo trustees on governance or constilulional matters.
1.6 Tanglble flxed assets
Tangible fixed assets costing £500 or more are capilalised and are inib.ally measured at cost subsequently
measured al cost or valuation, net of depreciatlon and any impairment losses.
The gain or Ios5 arising on the disposal of an as5el is deleimined as the difference belween the Sale proceed5
and the carrying value of the asset, and is recognised in the statement of financial aclivitses.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, les5 8ny eslimaled
rèsidual value, over their expected useful economic life as follows,.
Fixtures and fittings
250kn slraighl line basis
Impalrmgnt of flxod assets
At each reporting date, the charity reviews the carrying amounts of ils tangible a5S2ts to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indications exlsts, the
recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any).
16

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountlng pollcles
(Continued)
1.7 Fixed asset investments
Fixed asset investments ?re initially measured al transactKJn price exGluding transaction costs, and are
subsequently measured at fair value al each reporting date. Changes in fair value are ￿COgnised in net
ineomellexpendilurel for the year. Transaction costs are expensed as incurreLI.
1.B Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilrties.
1.9 Financial Instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Sectlon 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial ￿nStrUMen1$_
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
conlraclual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial Stateménts, when
there is a legally enforceable right to sel off the ￿COgnised amounts and there is an intention to settle on a nel
basis or lo realise the asset and settle the liability simultaneously.
Baslc flnanclalassets
Basic financial assets, which include debtors and cash and bank balances, are inib.ally measured at
transaction price including Iransaclion costs and are subsequently carried al amortised GOSt using the effective
interest method unless the arrangement Conslitules a fi'nan¢lng Iransacllon, where the transaction 1$
measur&d al th8 pr8senl va5ue ot the future receipts discounted al a market rate of Interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilitses
Basic financial liabilities, including credilois and bank loans £re initially recognised al transaction price unles8
the arrangem@nt conslitules 8 fin8ncing Iransaclion, where the dèbt instrument Is measured al the present
value of the future payments discounted al a market rate of Interest. Financial liabilities dassified as payable
within one year are not amortised.
Debt instrumgnts are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for go￿5 or services that have been acquired in the ordinary coutse of
operations from suppliers. Amounts payable are classlfied as current liabilities if payment is due within one
ye8r or less. 11 not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
transaction and subsequently measureot al amortiseLI cost using the effective interest method.
Derecognition of financial IITahilities
Financi81 liabilities are derecognised when the charity's contractual obligations expire or are discharged or
eaneelled.
1.10 Taxatlon
The charity is considered lo pass the tests set out in Poragr?ph 1 Schedule 6 of the Finance Act 2010 and
therefore il meets the definition of a charitable company for UK CDrporation tax purposes. Accordingly, the
eharity is potentially exempl from laxalion in respect of income or Capital gains received within categories
covered by Chapter 3 Part 11 of the CoTporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the exlenl that such income or gains are applied exclusively lo charitable purposes.
17-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
ICont4nuedl
1.11 Employ0& benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's Services are
received.
Termination benefits are reeognised immediately as an expense when thè charlty is demonstrably commilled
lo terminate the employment of an employee or lo provide lerminalion benefits.
1.12 Retirement benefits
Payments to defined conlr¢bulion retirement benefit ￿heM&S are charged as an expense as they fall due.
Crltlcal accountlng estimates and judgements
In the application of the charity's accounting policies, the trustees are required lo make judgements, e51imales
and assumptions about the carrying amount of assets and liabilities Ihal are nel ￿adIlY apparent from othèr
sources. The estimates and associated assumptions are based on historical experience and other factors that
are consid&red lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the eslirnale is revisecl whère the rèvision affècts only that
period, or in the period of the Tewsion and future periods where the revision affects both current and future
periods.
Income from donatlons and legacles
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Donations and grfts
3,439
11,370
Income from charitable activities
Unrestrlcted Restricted
funds
funds
2025
202S
Total Unrestricted RestriGted
funds
tunds
2024
2024
Totsl
2025
2024
Income from Charitable activities
Big Lottery
BBC Children In Need
Bleu Blan¢ Rouge
FoundaliDn
Esmeé Fairbaiin
Cornwall Council Leaving
Care Service
Cornwall Council
Engagement &
Participation Servicg
Comwall Council -
Broadening HoTizons
47.559
36.904
47,559
36.904
49,908
34,390
49,908
34,390
75,000
70,000
75.000
70,000
75,000
50,000
75,000
50,000
328,516
328,516
334,112
334,112
112,588
112,588
112,591
112.591
3,750
3,750
25,000
25.000
18-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Income from charltable actlvltles
Iconiinued
Cornwall CoLJncil
Levelling Up
Cornwall Council
Culture Card
Cornwall Council - CIAG
NEETS
Comwall Council -
Separated Children
Seeking Asylum
Cornwall Council
Tenancy Support Grant
Comwall Council - Benan
Chy - Housing
Cornwall Council - EHCP
Skills Future
other Income
DVVP Access lo Work
MHCLG
Cornwall Council
Multiply
Cornwall Council - OWP
Household Support Grant
Cornwall CDunciI
Compass
Family Finding
8efriending and
Mentoring
Comwall Community
Foundation- People in
Mind
Cotnwall Council- Youth
Engagement Project
Awards 4 All
NHS Univeysal Family
Proje¢l
Comwall Voluntary Sector
Forum
Comwall Community
Foundation- Welcome
Project
Comwall Community
Foundab"on- Careleavers
Fund
Comwall Council - People
Hub
EKB Funcl- Health &
Wellbeing
Cornwall Council - SPF
Capacity Building
Other Grants and
nlracts
Cornwall Community
FoundaliDn - Brighter
Future Fund
37,500
37,500
4,000
4,000
24,974
24,974
24,974
24,974
99,373
99,373
95,187
95,187
52,681
52,681
114,936
114,936
9,333
225
9,333
10,281
10,056
55,151
500
3.330
64,659
55,651
3,330
64,659
86,212
86,212
17,452
17,452
69,299
69.299
19,000
19,000
15.500
15.500
1,202
1.202
110,789
110,789
121,623
121,623
12,500
12,500
12,500
12,500
51,671
51,671
72,781
20.000
72,781
20,000
8,60Q
8,600
28,300
28,300
1,150
1.150
5.000
5,000
70,000
70,000
70,000
70,000
90.836
90,836
22,876
22,876
20.000
20,000
20.000
20,000
18,000
18,000
40,000
40,000
30.000
30,000
4,545
4,545
19-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Income from charltable actlvltles
Continued)
Cornwall CcimmLJnity
Foundation Housing
Action Fund
KPMG Fund
Penlee House Gallery
and Museum
Yolingey Barbarians
TSJRTrusl
5,000
5,000
25,000
25,000
7,500
2,000
35,000
7,500
2,000
35,000
39,601
1,556,399 1,596.000
55,151
1,415,382 1,470,533
The amounts Included other grants and contracts for Ihls year iNcluLle the following for speeific purposes..
£40,000- Segelman Trust
Government grants reGognised in the financial statements are made up of fu￿d5 from Cornwall Council,
funded by the government.
The amount of gwanls recognised in the financial slalemenls was £1,126,111 12D24- £820,900).
Income from Investments
Unrestricted Unrestrlct8d
funds
funds
2025
2024
Interest receiv8ble
8,674
8,434
20-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Expendlture on charitable activlues
Expenditure Expendlture
on
on
charltable
charltsble
actlvltles
actlvlties
2025
2024
Dlre¢t costs
Staff costs
Depreciab'on ?nd impaimienl
Activity venue hire
Project resources
Young peoples travel
Other proje¢l Gosls
Funds 4 care purchases
Household Grants
Other Staff Costs
1,280,717
2.170
3,752
16,587
51.140
26,269
34,986
26,500
85,134
973,156
1.464
2.277
14,637
45,365
25.122
37,090
28,000
94,329
1.527,255
1,221,440
Share of supportand governance costs (see note 71
Support
Governance
178,511
11,061
189,722
10,908
1,716,827
1,422,070
Analysis by fund
Unreslricled funds
Reslricled lunds
52,574
1,664,253
36,187
1,385,883
1,716,827
1,422,070
21

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Support costs allocatsd to actlvltle5
2025
2024
Staff costs
Rent, rates ancl insurance
Repairs and mainlenanc@
Telephone and fax
Computer software and maintenance eosls
Printing, postsge and ststionery
Sundry expenses
Sundry expenses
Cleaning
Bank charges
Govemance costs
105,840
23,493
6,760
19,771
6,489
2,407
788
9,642
3,180
181
11,061
92,392
20,568
41,426
15,993
3.830
4,671
265
7.382
3,027
168
10,908
189,572
200,630
Analysod between:
Expenditure on charitable activities
189,572
200.630
2025
2024
Governance costs comprise-
Audit fees
Accountancy
Legal ané professional
5,940
5,040
81
5.940
4.920
48
11,061
10,908
Net movement in funds
2025
2024
The net movemenl in funds is ststed after ¢hargingllcredilingl'.
Fees payable for the audit of th& charity's financial statements
Depreciation of owned langible fixed assets
5,940
2,170
5,940
1,464
22-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Tru5tee5
Trustees r&muneratlon and expenses
During the year the charity made the following transactions with Iruslees..
Mr L Lloyd
£Nil {2024.' £2961 was reimbursed to Mr L Lloyd, whilst in post as a Trtjslea, during the year in respect of
travel and subsistence expenses.
Mr L Lloyd, whilst in post as a Trustee was also paid a total sum of £Nil 12024." £3571 for sessional work
undertaken, carried out in accordance with the charity's own Memorandurn ofAssocllation.
Mr L Lloyd, whilst in post as a Trustee, as an eligible beneficiary of the charity, was also in T￿e[pl of £Nil
12024.. £1541 in respect of grant payments in the year.
Ms J B Hampton
£Nil {2024'. £201 was reimbursed to Ms J B Hampton during the year in respect of travel expenses.
-23-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10 Employees
The average monthly number of employees during the year was.
2025
Number
2024
Number
Charitable activities
43
36
Employment costs
2025
2024
Wages and s31ari&s
Social security costs
other pension costs
1,204,665
127,309
54,583
942,407
81.891
41,250
1.386,557
1,065,548
There were no employees whose annual remuneiation was more Ihan £60,000.
Remuneration of key managoment personnel
Key management personnel in 2025 consisted of 3 members of staff 12024". 31. The remuneration of key
managem@nt personnel was £146.699 (2024.. £133,387), being 8ggregate compensation for their seNices.
11 Taxation
Th6 charity is exempt from taxation on its activities becaus8 all its incom8 is applied for tharilable purposes.
12 Tangible fixed assets
Fixtures and
fittlngs
Cost
At 1 January 2025
Addityons
11,105
3,514
At 31 December 2025
14,819
D&preclatlot) and Impalmient
At 1 JanLJary 2025
Depreciation charged in the year
5,986
2, 170
At 31 December 2025
8,156
CaryirEg amount
Al 31 December 2025
6,463
Al 31 December 2024
5,119
-24-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13 Fixed asset inve5tment5
Listed
investments
Cost or valuatlon
At 1 January 2025
Valuation change5
2,884
{5291
At 31 December2025
2,355
Carrylng amount
Al 31 December 2025
2.355
Al 31 Deeembèr 2024
2.884
14 Debtors
2025
2024
Amounts falling due within one year..
Trade debtors
Other debtors
Prepayments and accrued income
174
1,433
131,642
6,142
94,207
133,249
100,349
15 CredltOTS.' amounts falllng due wlthln one year
2025
2024
Notes
Olh&r taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
29,278
34,974
19,036
21,131
96,594
14,682
388
18,057
21,299
104,587
150,852
16 Deferred income
2025
2024
Other deferred income
34,974
96,594
Deferred income is included In the financial statements as follows..
-25-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
16 Deferred Income
Icontinuedl
202S
2024
Deferred income Is inclutled within..
Current liabilities
34,974
96,594
Movements In the year..
Deferred income at 1 January 2025
Released from previous periods
Resourees dèferred in the year
96,594
196,5941
34,974
34,741
134,7411
96.594
Oef&rr6d income al 31 December 2025
34,974
96,594
Included within defer￿d income 01 £34,974 is ftjnding income received in advance for ¢haritsble aclivitie5 in
future periods.
17 Retiremgnt benefit schemes
2025
2024
Deflned contribution schemes
Charge to profit or loss In respect of defirted contribution schemès
54,583
41,250
The charity operates a defined contribution pensiDn scheme for all qualifying employees. The assets of the
scheme are held separaldy from those Df the charity in an independently administered fund.
The pension cost charge fDr th6 year represents contributions payable by the charlty to the scheme and
amounted lo £54,58312024 - £41.2501,
Conlrlbullons totalging £Nil12024 - £3881 were payable to the scheme al the @nd of the year and are included
in creditors.
18 Re$lrl¢tod funds
The reslricled funds of the charity comprise the unexpended balances of donations and grants held on tru51
subject to speeific CDndiliDns by donors as to how they may be used.
At 1 January
2025
Incomlng
resources
Resources
exp8nded
Transfers
At31
December
2025
Big Lottery Keeping In Touch
BBC Children In Need
Bleu Blanc Rouge Foundation
Esmee Fairbairn Foundation
Cornwall Council - 16+ Carè
Leaver Service
CornwalS Council- Participation
and Engagement Services
MHCLG
12,828
98
892
46,081
47.559
36,904
75,000
70,000
149,4081
137,2421
172,2081
172,8851
10,979
240
3,686
43,196
45,706
328,516
1382,1951
17,9731
27,490
5,650
112,588
86,212
1122,1251
191,5941
17,952
268
-26-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
18 Restricted funds
Icontlnuedl
Cornwall Council - Multiply
Cornwall Council -
Household Support Grant
Comwall Council - Culture Card
Comwall Council - CIAG
NEETS
Cornwall Council - Separated
Children Seeking Asylum
Cornwall Council- Tenancy
Support Grant
Cornwall Council- 8enan Chy-
Housing
Cornwall Council - EHCP Skills
FLrture
Learning Partnership - Skills
Your Way
Segelman Trusl
Cemwall Council - Broadening
Horizons
Duke of Cornwall - Benevolent
Fund
Cornwall Council - Pre lensncy
Award
Cornwall CommLJnily
Foundalion - Peopl8 In Mind
Family Finding Befriending and
Mentoring
Cornwall Council Youth
Engagement Project
EKB Fund - Health & Wellbeing
Awards 4 All
Cornwall Community
Foundation- Welcome Fund
NHS Universal Family Project
Cofftwall CoFnmunity
Foundab'on- CCLA Careleaver
Fund
Comwall Council- SPF People
Hub
staff gift contribution
Comwall Community
Foundation - Housing Action
Fur¢d
Penlee House Gallery and
Museum
Bolingey Barbarians
TSJRTrusl
17,452
117,4561
7.495
19,000
4,000
126,5001
14,0031
24,974
124,9741
99,373
198,8261
547
52,681
152,8751
194
114,936
1114,5031
433
9,333
18,4001
933
207
7,590
12091
147,3291
40,000
261
773
3,76D
14,5231
19,512
119,5121
375
13751
12,500
{12,5001
110.789
1111,0141
225
51,671
20,000
151,4701
120,0001
112,5441
201
14.752
2,208
774
6.345
17791
114,9521
8,600
41,427
70,000
173,8681
37,559
3,494
85
90,836
225
190,809
12271
3,52t
83
5,ODO
5,000
7,500
2,000
35,000
17,5001
12,0001
{19,4501
15,550
241,578
1,556,399
11,864,2531
681
134,405
27-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
18 Restricted funds
Icontinued)
Prevlous year..
At 1 January
2024
Incomlng
rè$ourees
Resources
expended
Transfers
At31
December
2024
8ig Lottery Keeping In Touch
8BC Children In Need
Bleu Blaric Rouge Foundation
Esmeé Fairbaim Foundation
Comwall Council- 16+ Care
Leaver Service
Comwall Council- Participation
and Engagement Services
Comwall Council- Other
Listenlng Fund (Blagrave TrL¢sII
CHK Foundation
L8aming Partnershp - Skills
Your Way
Segelman Trust
Cornwall Council - Broallening
Horizons
Duke of Comwall - Bènevolent
Fund
Cornwall Council - Pre tenancy
Award
Cornwall Council - Community
Levelling Up
Cornwall Communty
Foundation - People in Mind
OWPAC￿sS lo Work
DofE Family Finding
Befriending and Menloring
Careers South West- Youth
Engagement Project
EKB Fund . Health & Wellbeing
Awards 4 All
Comwall Community
Foundation - Welcome Fund
NHS Universal Family Project
Cornwall Voluntry Sector Forum
Comwall Goun¢il - SPF Better
Homes for Careleavers
Cornwall Community
Foundation - CCLA Careleaver
Fund
Cornwall Council . SPF People
Hub
Staff gift contributions
11,334
1,836
1,321
37,496
49,907
34,390
75,000
50,000
(48,3281
136,1281
(75,4291
(41,4151
12,913
98
892
46,081
{15,8081
334,112
{272,5981
45,706
15,472
62,249
6,252
22,868
112,591
270,822
{100,5731
(322,0041
16,2521
{22,8681
27,49LI
13,149
2.082
5,447
15,2401
(22,4101
207
7,590
30,000
1,228
25,000
{25,4551
773
51,440
{31,9281
19,512
6,981
18,6061
375
37,500
137,5001
12,500
3.330
112,5001
(3,3301
121.623
1121,6231
72,781
20,000
20,000
172,8101
120,0001
(5,2481
14,752
5,000
28,300
1,150
(4,2261
121,9551
(1,1501
774
6,345
18.000
118,0001
70,000
128,5731
41,427
22,876
500
121.1491
15851
1,767
3,494
85
85
208,201
1,415,382
(1,385,883)
3,878
241,578
-28-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2025
18 Restricted funds
(Continued)
The specific purposes for which the fvnds are lo be applied are as follows".
Unrestricted funds..
These are funds Ihal can be spent freely. The purposes of the designated reserves, as sel by the Trustees, is
as follows".
The Closure costs fund is lo be ulilised should the charity cease to operate lo ensure that all closure costs can
be funded.
Restncted funds".
Big Lottery Keeping In Touch
Group work, SOGial ernolional 5UPPOrt, resilience building positive activities lo young people aged over 16
who are care experienced.
BBC Chlldren In Need
Peer mentor development.
Bleu Blanc Rouge Foundation
Core funding lo enable us to help care experienced yOLFng people have better lives.
Esmeé Fairbairn Foundation
CO￿ funding lo promote better emotional and mental health, improve local services and influence national
services for young people in and leaving care.
Cornw811 Councll - 16+ Care Leaver SeNice
For provision of a Personal Advisor service for young people leaving care.
Cornwall Cc)uncil- Participation and Engagement Services
Enabling young people in and leawng care lo associate with their peers and infliJer)ce the seNices they
receive.
Cornwall Community Foundation
CCLA fund to improve outcomes for care leavers ages 18 and above including with Housing and emotional
well being.
Pèople in Mind- enabling care experienced young people lo build social connedion lo improve emotional well
being.
Welcome Fund- lo support work with young people who are Separated Children Seeking Asylum_
Comwall Council
Youth Engagement Project Iyepll promoting better education and employment engagement_
Departrnenl of Education
Family Finding, Befriending and Mentoring fund enabling in depth support lo young people ID enable them lo
engage with positive aclivilie5.
Segelrnan Trust
Core funding lo enable u5 to help care experienced young people have better lives.
TSJRTrusl
Funding towards the costs ol Carefree Cornwall's earfy intervenlien programmes for Care experienc&1
childrentyoung people aged 11-17.
29-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
19 Unrestricted funds
The unreslricle4 funds of the Charity Gomprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. Thes& include
designated funds which h?ve been set aside out of unreslricled ￿ndS by the trustees for specific purposes.
At 1 January
2026
Incoming
resources
Resources
expended
Transfers
Galns and
losses
At31
December
2025
Closurè costs
General funds
2L19,073
104,227
117,7841
17,103
191,289
119,941
51,714
152,5741
15291
313,300
51,714
152,5741
16811
15291
311,230
Prevlous year: At 1 January
2024
In¢omlng
resources
Resources
expended
Transfers
Galns and
losses
At31
D&cgmber
2024
Clos¥Jre costs
General funds
162,843
115,158
48,230
150,1081
209.073
104,227
74,955
136,1871
409
278,001
74,955
136.1871
13,8781
409
313.300
20 Analysis of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 Dec¢mb&r 2025:
Tangible assets
Investments
Cuirenl assetsllliabilitse51
6,463
6,463
2,355
436,817
2,355
308,875
127,942
311,230
134,405
445,635
Unrestrlctéd
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 December2024'.
Tangible assets
Investments
Current asselsllliabilibesl
5,119
5,119
2,884
546,875
2,884
310,416
236,459
313,300
241,578
554,878
30-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
21 Operating lease commltments
Loss90
At the reporting end dale the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating18ases. which fall due as follows.
2025
2024
Within one year
Between two and five yeafs
614
2,414
511
614
2,925
22 Contlng6nt as$•ts
The BBC Children In Need grant is a mulli-year grant that provides for the expenditure of the grant to be for
lulure peTiods. The income in respect of future periods has therefore not been included in the current year
accounts. The 9rsnt is a 3-year grant lo Augu512026 to receive the following per year- £35,950, £36.662,
£37,388.
The Big Lottery Keeping In Touch grant is a mulli-year grant that provides expenditure ol the grant lo be for
future periods. The income in respect of future periods has therefore not been included in the current year
accounts. The grant is a 5-year grant lo September 2026 to receive la total of £209,463 over the length of the
agreement.
The Esmeé F8irbairn grant is a mulli-year grant that provides for the expenditure of the grant to be for future
periods. The income In respect of future periods has therefore not been included in the current year accounts.
The grant is 8 3-year grant lo September 2028 to recelve £70,000 per year.
The Separated Children Seeking Asylum contract is covered by a multi-year award that provides axpenditure
of the grant to be for future periods. The in¢ome in respect of lulure periods has therefore not been included in
the current year accounls. The contract is a yeaf-on-year award lo receive around £100,006 per year.
The PA & Homelessness project Is covered by a multi-year grant that provides expenditu￿ ol the grant lo be
for future periods. Th& Income in respect of future periods has therefore not beeTr included in the current year
aGcounts. The contract is a year-on-yeai award to receive around £86,212 per year.
The 16+ Leaving Care Services project is covered by a multi-year grant that provides expenditure of the grant
to be for future periods. The income in respect of future periods has therefore not been included in the current
year accounts. The grant is a 5-year grant lo June 2026 to receive £285,668 per year, subject lo uplifts.
31

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2025
22 Contlngent assets
Icontlnuedl
Th& Engagement & Participation SeNice project is covered by a multi-year grant that provides e￿ndItuTe of
the grant to be for future periods. The income in respect of future periods has therefore not been included in
the current year accounts. The grant is a 5-year grant to June 2026 to receive £112,588 per year.
The Family finding, BefrienLling and Mentoring Programme is covered by a multi-year grant that provides
expenditure of the grant to be for future periods. The income in respect of future peTiods has Iherelore not
been included in the current year accounts. This is a grant lo March 2026 ID receive a total of £119,477 over
the length of the agreement.
Th@ Cornwall Council Youth Engagement Proje¢l is covered by a multi-year grant that provides èxpenditure
of the grant lo be for future periods, The income In respect of luture petiods has therefore not been included in
the current year accounts. Th& grant is 3 grant lo March 2026 to receive a lolal of £42,223 over the length of
the agreement.
The Comwall and the18les of Scilly People Hub is covered by a granl that provides expenditure ofthe grant to
be for future periods. The income in respect of future periods has therefore no been included in the ¢urrenl
year acetrunls. The granl is lo March 2026 ID receive a total of £84,634 over the lenglh of the agreement.
The CCF - Housing Acfion Fund is covered by a granl that provides expenditure of the grant to be for future
perio(Js. The income in respect of luture periods has therefore no been included in the current year accounts.
Th8 grant is lo December 2026 to recoive 3 lolal of £5,000 over the length of the agreement.
The CCF - Wellbeing for Care Experiencecl Young People is covered by a grant that provides expenditure of
the grant to be for future periods. The income in respect of future periods has therefore no been included in
the CLsrrenl year accounts. The grant is for 2028 lo receive a total of £7,190 over the length of the ayreemenl.
The Comwall Council - EHCP Skills Futur8 IS COV@red by a granl that provides expenditure of the grant lo b8
for future periods. The income in respect of future periods has therefore no been included in the current year
accounts. The grant is to July 2D26 to receive a total of £28,000 over the length of the agre2menl.
The TSJRTrust Is covered by a mulli-yesr grant that provides expenditure of thè gienl to be for future periods.
The income in respect of future periods has therefore no been included in the current year accounts. The
grant Is lo DeGember 2027 to receive a lotal 01 £137,378 over the length ol the agreement.

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
22 Contingent assets
Icontlnuedl
The Segelman Trust is Covered by a mulli-year grant that provides expenditure of the grant lo be for future
periods. The income in respect of future periods has therefore no been included in the current year accounts.
The grant is a 4-year grant to January 2029 to receive £40,000 per year.
The Bleu BlarK Rouge Foundation is covered by a mulli-year grant that provides expenditure ol the grant tg
be for future periods. The income in respect of futufe periods h8S therefore no been included in the current
year accounts. The grant is a 3-year grant to December 2028 to receive £75,000 per year.
The CCF Care Leaver Fund is ¢overed by a mulli-year grant that provides expenditure of the grant to be for
luture periods. The income in respect of future periods has therefore no been included in the cuThent yoar
accounts. The grant is a 3-year grant lo June 2027 to receive £70,000 per year.
At the year-end, the charity had been nottfied that il would be recipient to a donation based on the sale of a
property. Thls has nol been Included in the Slalemenl of Financlal Activities because the conditions for
recognrhon have not been mel as at the year-end.
23 Related party transactions
Transactions lolalling £16812024.. £671 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 outstsnding as at 31
D&cember 2025 12024.. £nil}. The individual's details have been omitted for the protection of the persons
Concemed in accordance wlh paragraph 1.29 of the SORP.
The aggregate amount of donations received wilhoul conditions from the trustees was £6012024.. £1001.
The charity is Controlled by the trustees who are all directors of the Company_
33-

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
24 Cash {ab50rbed byllgenerated from operatlons
2025
2024
IDefi¢itllsurplus lor the year
{109,2431
68,676
Adjustments for-
Investment income recognised in slalemenl of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
18.6741
529
2,170
18,4341
14091
1,464
Movemonts In worklng capltal:
Ilncreaselldecrease in debtors
Increaselldecreasel in creditors
(Decreasellincrease in defer￿d income
{32.9001
15,355
{61,6201
63,242
16,2561
61,853
Cash (absorbed byllgengrat8d from op8ratlon$
1194,3831
180,136
All of the cash flDWS are derived from Continuing operations during the above two periods.

CAREFREE CORNWALL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
25 Analysis of changes in net funds
The ¢harily had no material debt during the year
35-