Company registration number. 06271122 Charity rogi$tration numbgr 1130360 Devon and Cornwall Refugee Support IA company Ilmrted by guarantee) Annual Report arKI Flnancial Statements for tho Year End8d 310ecember 2024 WESTCOTTS
Devon and Cornwall R•fugoo Support Contents Reference and Admlni8tr811ve Detai18 Tru8teoB' Report 2to4 Statement of Financkgl ActNit Balancè Sheet Statement of Cash Flow4 Note8 to the Financ1 Ststementa 8t017 Independent Examinefs Report 18
Devon and Cornwall R•fug•• Support Roferenc• and Administrativo Deta118 Chalrman lan Ga8per Trustees plM DlgB Gunoswkera Jane Barkes Sana Murranl John Stsph8n8, Vk8 Chalr Ethvard Lee¥ Alana Hunter, salégUa1n9 Load lan Gasper Andrew Ecdealon, Tréasurer Azeb Men9islgab Slan Pea9 Mkhael Whke Julion Blld Jgn8 Bark•8 88cr•tary Senlor MJnag•m•nt I Lfyad•rnhlp T••m hJ•xondgr Ve$$18, CEO Ablmbc*L9 Adeobun, FInIt6 and Bu8lne88 AdmlnlBlrator Charlty R•gl•lrallon Number 1130360 Company Reglstratlon Numb•r 00271122 The charlty 58 Incorpornted in Erval8nd. 7 WhSmple Slrgel Plymouth Davon PL212DH Wg$l¢otts ISWI LLP Matthew K08ne ACCA Ptym Hous8 3 Longbridge Roroj Ptymouth Marsh Mlll8 D8ven PL6 8LT Regl•tornd Offl¢• Independ•nt Examln•r PwJ8 1
Devon and Cornwall Refugee Support Trustses, Report Thg Iwslees, who are directors lor the prPoSeS of Company presonl the annL*al report Ic¥ether with the financial slalemenls of thè tharItsb company for the y•8r ended 31 December2024. otl•¢tlv•s and actSvlUe8 Publlc b•nellt Th• trustees confirm that they havè Complied wllh the requir8m8nls ¢1 section 17 of the Charities Act 2011 to have due ragard to th8 public benefit gutdance published by the Charily Commis8ion for England and WaleB. In 2024, Davtsn 8nd Cornwall Refugee Support (OCRS) conllnued to grow to meèt Ihfy oap In need au0$¥ th& reglon. Home Office policy changed lo $lart oecommodaling people in more remote •r•a8 ro8ulling In loglslical Issues lo try end support Peopl8 aeross Devon and Comwall. W& bulll In a lev81 of m8nag8m?nl 80 Ihat our Chlef Exfjculfve dtrjn'l dirKlly monage as m8ny $tsff member¥ and 8pIIt dapartmen18 to d8rify arKI locu$ purpose. DCRS's vislon remains lo have a f8lr. human8 and Safe asylum gxpenence for all and we do thi$ by Promoling indapendenrA, PfevenliThJ dè31ilulif and 8UPPQrting th08e BeakiThJ iofuga lo bulld their new homa In Ihg UK. 2024 wa8 another lumullugus year wRh change$ In legislalh?n 88 the tlde continued to move away from 8 Iravma Informed and human b86ed approaches lo diviBN8, C¢)mmunity 8eparaling, scarecrow laclics wlh the Illegal Mvjralion Act and Safety of Rwanda Act. A 3-year project lo gain a leg81 èid contract wès Bucc88sful In September 2024 brlnging on George Rosenberg, Higher Court Advee8te. lo lead on the conlr8¢1. This now extends our Irainlng pathway through Level 1 and 2 IAA In the ¢asework leom lo then have an opportunily lo move into tho legal aKI departrnenl and has ciealed a 8ep8rale income stream lo divèrsify our income $tream8. 2025 will be a definilfv8 year In under818ndlng wh¢ther Ihi¥ new department can be suc$511. 2024 saw $ucc888ful partnerships being ¢jeloPed wrth the Plymouth Re8etllemenl Support Servlce IPRSS) lurth8r connecting DCRS lo othér org¥nl$&lion$ in tha city workirvj with th8 samo pcwlat40n gTrd giving us a ¥eat el Ihg lable wth tho local aulhoiily. DCRS 8180 developed and Joined the South We81 Immlgration Allianco ISWIAI eonnectlng lo olhgr refugee organlsalions in the Sculh Wesl worklng l¢)w8rd8 Incrg981ng IhB level and cemplexily of18gal advice and represen181ion. Wlth our legal old contract boing succe8Jful we aim lo be a beacon for this region lo achleve that goal. 2024 $8w our organS8alion continu? lo grow in team svz¢ lo kncrease Ihe amunl and cOmexity of work. Whist the report show8 lh& staff 8ize increasing from 10 10 13 the FTE equNal8nl went from 8.2 FTE al the •nd of 2023 10 11.6 FTE al the end of 2024. We also Saw a pay rowew that increa8ed 60me 8ol&ries in lin• wth their rewsed job dgscription&. Tho breadth of Ihc work now being coii)pl¥l¥d Iiels %11su changèd Incaging the spend by over £20,000 over 2024. Thig wa8 renting an 8ddilionel premises 193 New George Slreel), bringlng thè venue up lo th• standard required alongsld8 the addition81 costs lo set up the legal 8id departmenl. You wll also 8ee from the report that our allted support Gosls for deslilution, tra1, emergency a0MmJaIlOn and relief also increased by over £5,000. The resgrve$ polKy remalns unchanged with 3 months of operating costs n98d to be avallable In the event of a closure, Wo wll be movirtg across £20.OCQ In line wilh that lo our CAF account whkh will prowde u6 with £90.0Th) in reserves iotal. Pagg 2
Devon and Cornwall Refugee Support Trust8es' Report The financiol risks rem8in conllnuallon funding from grants and Irusls. We have expanded who is responsible for bringing in fundlng Ihrough this method 60 that il doesn't lall on a few pP. We are 8180 I)oklng lo diversify income slreBrnS wlth addf(k)nal local authority contracls and the legal ald conlrnct. Organlsalion81 growih h89 mganl wo will lose a number of funders 88 we move out of the turnover brackgt, Ih8y are willing lo fund reducing the likelihood of success when 8pplylng for grants. This growth has al80 changed our reporting and oudillng requlremenls lo folk)w an accrual.based accounting model and follow SORP guidance. Thi$ has meant Ihot a £500.000 Lottery granl that will be over 4 years has overslaled our end of ye8r accounts. We ask lundefs who wlsh lo enquire about this lo get in contact for lurther c18rily. We currently have 80 volunteers working out lo 5.5 FTE135 hrs pef weekl which works oul 10 40% of our lotsl work as gn org8nS$alion. IAlilhout our volunlegrs many of our serviees wouldn't be able lo run. We ar8 startlng to Cfeato training pathway8 lor our volunteers also vtho wish to complete Iheir IAA qualifications, 8180 Increa8lng the capaclly in tho Teglon. Overall, the position Al tho end of 2024 look8 88 we continue lo our se¢$ to 8UPPQrt the ncreased ne8d in the reglon. Structure. governanG• and manag•rngnt Stalemént ol trustso8' r•8ponglbilltl The Iru81ees (who afe also the directors ol Devon end Cornwall Relug8e Support lor lh• purposos of company lawl ore responsible for preparing the Iruslogs. report and the lin8n¢ial 81818menls in a¢cordance with appSicablg law and Unilfjd Kingdom Accounting Standards Iunlled Klngdom Generally Accepted Accounting Pracllcel. including FRS 102 'The Financial Rgportlng Sland8 appll¢obl8 In tha UK and Republic of Irel8nd'. Company law requires the Iruslees to prepare flnanclal Slalements for each fln8ncl#l year. Under company law the Iruslee8 musl nol opprove the financial gtal•menl8 unle88 they are satisfied th81 they giv• a true and fair vl8w ol the 81al• of affairs of the char5t8ble ¢ompany and of the incomlng fesour¢es and application ol re80urce$. including income and exp9ndilure, of the ch8rilablo company for Ihal pgriod. In preparing th880 financlal 8ts1emen16, th& trustees are rgqulre(I to.. Belecl $uftable occounling pol& and gpply Ihgm cons1slenl, observe the methc4J8 and principles in the Charilie$ SORP., make judgement$ and 8slim8les that are reasonable and prudanl; slate whelher apPIable accounllng s1gndard8. comprislng FRS 102 have téen follthyed. subject lo any material departures discbsed and explained Sn the financial slalemenl$'. And prepare the financial slalemenls on the going concern bask8 unless it 18 inapproprfate to prg8UmO thal the ¢haritabl& company wlll conllnue in busin•$¥. The Iruslees are responsible for keeping proper accounting records that ¢an di$close with Teasonable accuracy al any lime the financial positlon of the Gharilablo company and enable them lo ensure that tha financlal slalements comply wilh the Compani95 Ael 20C6. They are also responsible for safeguardin9 the as$els of the charilablg company and henc8 lor tsklng reasonable slep8 for the pfyvention and delectKJn ol fraud and olher Irregulari11gS. The Iru51ee$ art re3ponsible for tho malntenance and Integrity of the ¢orporole and financial inloFmation Includ on the Gh8ritable companls webstte. Legislalion governing the prep8ralion and disseminali¢Jn of financial statements may differfrom legislation in other jurisdictn$. Page 3
Devon and Cornwall R8fug8e Support Trustse8' Report The annual rèport was opproved by the trustè06 of th? charfty on behalf by.. . and signod on tts Jane Baik•8 Company S•cret&ry and Tru8tse lan Gasp•r Chalmwn ond Trustee p84
Devon and Cornwall Refugoe Support ststernant of Flnancial Aotlvltles for the Year Ended 31 December 2024 (Includlng Income and Expendlture Account and Ststement of Total ReGognised Gains and L0s8e8 Total 2023 £{A8 re8tated Unrestrkt•d fundB Re*trlct•d fund$ T¢)t•l 2024 Not• InGom• and Endowmants from: Donation6 and18gacies Char'rtable aclivitle$ Invoslmenl Inc(¥ne 59.554 81,125 25.991 256,961 85,545 338,088 15.019 946,995 2,938 Total Income 141,645 282,952 424,497 964,950 Expgndblurn on: Charilable octlvI1188 404,399 500.511 324,514 Total èxpèndllura Incomell8xpendllure} Not rnovemenl In funds 198,112 45.433 404,399 5W511 121,44 (76,014 840,436 45.433 (121,4471 (76.014> 040,436 R•conclll•tlon of fund• Totpl funds brought forward TotAI funds carried lord 14 143,494 188,927 598,537 477,090 742,031 666,017 101,595 742,031 All ol the charlty's gthlies derf from conllnulno op•rallon8 duriw th• above tsyo perbds. Thg funds breakdwn for 202318 ShNn In note 14. The notes on pag88 8 to 17 form an integral part ofthe88 fina101 Stslements. Page 5
Devon and Cornwall Refuge8 Support (Roglstration number: 06271122) Balance Sh8et a8 at 31 December 2024 2023 £IAs rnstat•dl 2024 Notg Flx•d as8•ts Tangible a$80ts Current asgets Doblors Cosh ot bank ond In h8nd 11 7,655 4,931 12 264,480 397.542 415,000 322.100 737,100 662,022 Credltors: Amounis lalllng duo wlthln on• ye#T Net curront agS•t¥ 13 3,660 658,362 737.100 742,031 Not •88•ts 666,017 Funds of th• charlty: R•strkted Incom• tundj Roslricled funds 477,090 598.537 Unf••trlGt•d Incorn• lund• Unre8tr1cled funds 188.927 866,017 143,494 Total fund8 14 742.031 For the financial yg01 endlng 31 Décember 2024 the charity was entltled lo exomplion from audit under 8ectlon 477 of the Comp4nh3 Act 20Cfj r•laling 10 8m811 cL¥npanl&s. Dlteclor8' re8pon8ibllilles.' The membws have not iequlred the chority lo obtaln an 8udkt of 116 awun18 for th• year in que&lion in 8ccordance wilh 8ecllon 476,. and The directors 8cknowledge their responsibilities for comptylng wlh the requlrem•nls of th• Act with re8pe¢l lo accounllng recoids and the pparatIon of accounts, e financial slalern¢nl8 on page8 5 10 17 ware approved by the IruBtees, and 8uthorised for168ue on signed on their behalf by.. Jane Barke8 lan Gasper Company Secrelary and Tw81ee Chairrnan and Trusleg CLI, fv 1.5.coC Andrew Eccle31on Trustee The rK*les on pages 8 10 17 fomi an inl•gral part of these financial statements. Page 6
D6von and Cornwall Refugee Support statemont of Cash Flows for the Year Ended 31 December 2024 2023 £IA• r•ststgdl Cash Ilowj from OP•T•tlng •ctlvltl Net cash lexpendiluteifincome AdJu8tments to ca8h flow# Ir•)m non4a8h It•m8 Depreciat#)n Invo8lmonl In¢0 176,014) 640.438 2.SSS 2,938 837,600 {74.326) Worklng capltal adlustmonts Oecreas6llln¢reasg1 In debtors Increas8 in cr8dfftor$ 12 13 150,520 1415,OC4)) Ngt cash flows from operatlng activltl88 C4•h flow• from Invmtlng actlvlti Interest rocelvablo and slmllar Incor Purchase of langlble fixed B88gts N81 cash flcw8 from invosllng 8cdvlti88 Not Inoro889 In cè8h and c88h equlvalenl• Ca8h anty c88h equlvalents al 1 Jonuary Cash ond ca6h equivolents Al 31 D?cefflber 79,855 222,500 2.938 4,931 1.995 11 5,279 4.413 75,442 220.505 322.1C 397,542 101,595 322.100 All oflhe GaBh flow8 are dgrSv•d frryn cor>lknulng op•ralions durfng Ihe above tsvo perfod8. The notes on paggs 8 to 17 fomi on integr81 part d Ih8s8 finlar stalemenls. Pgg8 7
Davon and Cornwall Refugee Support Notes lo the Financial Statements for tho Year Endad 31 December 2024 1 Charlty $tatU8 Tha charity is Ilmilad by guarantee. incorporated in England. and con8equenUy doe5 not have sharg ¢8pital. E8ch of the Iruslees 18 liable lo contribute Gln amount not exceedirg £10 Iow8fd8 the 8ssets of lh• charity in the evanl of Ilquldalk)n. Th8 8ddress of It8 regSslored office i¥.. 7 Whimpl& Streèt Pln0lrth Devon PL212DH 2 Accountlng pollclo• Surnmary of •lgnlflc#nt occountlng pollcle# ind k•y ac¢ountlng •Btlrnats8 Thg principal a¢counllng Oiclgs 8ppI& in the preparallon of these financlal slat&nN8nls a $&1 out below. Th88e poli¢h?s havg been con8lBl&nUy applled lo all the yearn presented, unle18 oth1$9 81aled. Statsm•nt of compllance The financial 8lalemenl8 have been prepared in accordance wh Aceounllng and Reporting by Charities.. Statement of Reeornmended Practice lapplicBble lo ch8ri1iey preparing their accounts In accordanee with the FlnanGial Reporting Standard appllcable Sn the UK and Republic of Ireland IFRS 102)) lissued in Ocl¢b8r 2019} - Ichariligs SORP IFRS 1021). the Fin8n¢i81 Reportlng Slanderd appli¢able in Ihe UK and Republic ol Ireland IFRS 10218nd tha Comp8nio$ A¢1 2006. a$18 ol preparatbon Devon and Cornwall Refugee Support mee18 th& definllion of & public benefit en15ty under FRS 102. Asset8 and liabilities are Snilially recognised al hislorlcal cost clr Iransaclion value unless othe1$8 8laled In tho rètovgnl accounting policy nole8. Golng con¢em The financial statements havo been pifjpad on a golng concem b881s. The trustee$ assess whether the use of going Concern is appropriate l.e. whether there are any malertal uncertainll&s related lo events or eondilions that may cast $ignifKonl doubl on the ability of the charity lo conlinug os a golng concern. The trustees make this ossfrsgmenl in respect ol a pericY of one yew Ifom the dale of approval of the financial slalemenls. P•J8 8
Devon and Cornwall Refuge8 support Notes to thg Financial Statements for the Year Ended 31 December 2024 R••latsm•nt of flnanclal ststement• In preparing the CoUnts. the Irusleès have considered whether In 8pplylng tho acGounlirrfJ poliGi8S ulrèd by FRS 102 and tho Chgrie8 SORP FRS 102 a r61talemenl of Eomp8Rtiv8 ilem8 was required. A fèstalement of income and fixed 888et9 was undertaken In ordei to brlro tr8Otmgnt 8nd dlKbsure of balances Into Ilne wth the Charitle8 SORP FRS102 . Income Ind •ndowm•nt All Income16 recogn13 onc8 the charity has enlitl&menl lo the inm?. tt 58 prob8bl8 that the Incorn w511 be recew•d and Ihfj amount of t income rnceivabie can measured r8lLgbly. Donatsdserylces and facllltleJ Where oefylces or 18¢ilille8 are Pfovhled lo th• ¢harty as a dono1ioTh that would nomially be purchased Irom our suppliers. th15 benefrt is included in the fingn¢ig1 $lalerEenls 81118 fgir value unles8 ils lolf val(te connol be reliab m•a$LtroJ, then al Ilp cost lo tho donor or the r•sal• valug of good8 thal are lo be sold. Investment In¢om• Dividend¥ are recogni1 once the dIden0 h88 been daclared and nolifkatlon has b88n r•ceivod ol th? dfvidond du•. Expgndlturo All èxpendilure18 recognS8ed once Ihore 16 a legol or con8truc1i obligalKn lo that expendrture, 11 Is probable Selllemenl Is required and the amount ¢8n be mea8uied relkqbty. All cos18 are allocated lo the 8pplie)18 expenditure headin9 Ihal aggregat8 similar cost8 lo Ihat category. Where ¢osl$ Cannot be dlreclly 8rtrlbut8d to particular heading8 they have boon allocated on a basis consislenl wilh the U8? ol resources, with central 81aff cos19 allc¢aled on the basi$ of time spent, And tJepreciallon harg88 allocated on the portion of the 8ssel'¥ u8e. Oth•r support 18 are allocalad ba8ed on tho Spread of staff costs. Charltable actlvltles Charttable exp8ndilurg comprl8es IhoJe ¢08ts Incurred by the charrty In the delNery of M8 athitie8 and seNi¢e$ for its benefici8ri88. 11 includes both e0818 thal can be allocated direclty 10 8u¢h aclwlig9 and th0$9 costs of an indirect nature necéssary lo support them. Support co•t• Support eo81g Includ8 central functions *nd have been alloc8t8d lo aeiivity cost ¢alegories on a ba8ls conslslenl with the u¥e of resource8, for example, 8llorAling property costs by floor areas, ci per capita. staff cost$ by the Ilme spenl and other costs by Ihelr us999. Governance costs These Inelude the ¢o8t8 attrfbulable to Ihg ¢harill8 nplIan wlh conslilthional and s18lulory requirements. indudlng 8udil. 8tr8legic man8g8menl and InJ$tees meelirvJ¥ and r8Mnbursed expgnses. Pogg 9
Devon and Gornwall Reftigee Support Notes to the Flnan¢ial Statements for tha Year Endod 31 December 2024 Taxatlon The charity Is c4Jnsldered to pa88 th8 tests sel tyjl in Paragraph I Schedule 6 of the Flnance A¢1 2010 8nd therefore It meets the definition of a charitable company lor UK Corporatic tax purposes. Accordingly, the charity 18 potentially exempl from laxalion in respect of income or ¢apilal gain8 received within ¢alegories covered by Ghapler 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of Ihg T8xalion of Chargeable Gain$ Act 1992, to th• extent Ihat such inGome or gain8 are applied exclusivoly lo charitablè purposes. Tanglble flxed ass•t• IndThiKlual fixed 88Bet8 COBling £250 or more are Inklalty recordèd at C081, le8$ any xub88quenl accurnUlal deprecL•lkJn and 8ubsequent gccumulaled Imp8irmenl losseB. D•procl•tlon and amortl8atk+n D8precialK)n 18 provided on t8noible fixed as8e18 BO a$ to writ8 off tho Ki81 or vfuaikJn, 18s8 any eslimaled resldual value, over Ihgir expected useful econc¥nlG Iwe a8 follows.. A•8ot claJ8 Computer ¢quipment FumSture and flttlng8 DèproclatSon method and rate 25% slraighl line 25% 8lraighl Iln8 Cash and ca¥h equlval•nts Cash and cash equiva15 comprisè $h on hand and 11 deposils. and other 8hort.term hlghly liquld inveslm6nt8 that are readily wnvertible lo 8 known amount ol e8•h and arg 8ublect lo an Sn$ignlfieanl risk of chow8 in volue. Borrowlngs Inleresl-be8rin9 borrowingg are Inill81ty recordttd 01 fair V81uè, ng1 of Iran$8clion co818. Inlere81-bearlng borrowings aro Subsequently cariied al amortlsed cosl, with the difference the proceeds. ng1 ol Iransgcllon costs. and the amount due on redeMptn belng roccgni8ed 8$ 8 charge lo the Statement of Financial A¢livllles ov¢r Ihe perlod of Ihe relevant borrowing. Interè51 eyin8e is fecognls•d on the bask8 of the èffective Inlere8t method aTrJ18 Indud8d in Interest payable and slmllar charge8. Boirowings are classified 88 cuirenl liabllities unless the charity h88 an uncondthonal right lo defer settlemenl ol the liability for at lea81 efve monthg after the reporting date. Fund structure Unreslrfeled Income lund8 are general funds that are avallabltr for uso at tho trustee8 di6crel¥Jn in furthefance of Ihe ¢leclive8 of the ch8rity ReStrted income funds are Ihose donated for use In a particular area or for Specific purposes, th• use of which is re8lricted to that arga or purpo88. P8ge 10
Devon and Cornwall Refugèe Support Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Financil Injtrumants Closslfleatlon Financial858$ snd financkg1118bllStie8 are recognised when charity becomes a party lo th• centraclual provisions of the instrument. Financi81 Ilab51ities and 8quty inslrumenl8 are classsfied 8ceording lo Ihg Subslanca of tha contractual arrangements entered into. An equity inslrumenl18 any contract that 8vldtrnctt a re$Klual knl•re81 Sn the assets of Iht chaiity aftor deducting 811 of its liobiliti. RKognlthJn •ndmea$urwnont All financlal asse18 and Ilabilille8 aro Initlally measured at tran6acibn price lincludlng tran8aclkn C081sl, except for IhoBe fin8nci81888et8 c18$6rfied as at fair valuè thU9 profil or b88, which are Inilialty moasured al foir valu• (which 19 normaSly the tran88cllon price ex¢luding Iran88clion ¢oslsl, unloss tho orrangemenl con51ilulès 8 flnanclng Ir8n$actlon. If an 8rrangemenl con8litules a financing Iransaclion, Iho fina181 98sel or financial liability is m888ured at th8 present value of the future paym8nls dlscounled at a market rale of intere81 for 8 similar debt In8trumvffjl. Fln9ncl81 asBets and 118bSlhle8 ar¢ only off801 In th• 6talemenl d fin8ncial w81tn when, on whèn there oxlsl$ a legally enforceablo rlghl 10 681 off Ihe recugnised amoun13 and the charlty Intend8 either to settle on a nel bas1¥. ¢r lo r88li88 the a88el end 8ettle th¢ liabilhy simullaneou85y. Financial a$¥el8 aro derecogni88d when and only when al the conlractV81 rhts to the cBsh flows from the financi81888et expire or are settled. bl thè ch8rlty Iran81ers lo onother ppty 6ubBlanlially all ol th• ri8k8 and rew8rd8 of owner8hlp of the financlal asset, or c) tha charity, de8plt¢ having retained $om0, bul not all, 81gnlflcanl rlsks and rowards of own8fBhip, h86 Ifon8f•rred control ol Ihe asset to another party. Financial li8bllill98 ore dgrecognl$ed onty when the obligation Bpecifiod in Ihe contract 18 d18ch8fged, cancelled or eypirei. D•bl Instrum•nts Debt In51rumen18 whlch meet the follthylng condrtlon6 8r• sub8equenty rneasured at 8ffl0rt180d c081 uslng the eNeGlive irbleresl mèthod. Debl instruments that 8rn dalI1ed 88 payable or recelv8ble within one year on initial recognili¢Jn at)d vthich meet the above condthons are measuréd at the undi8counled amount of the cash or other consKleralion expected to be paid or recèwed, net of Impgirmenl. With the exception of some hedglng Instruments, olher debt Inslrumonts r1 meeting these corpJlllon8 are mga8ured al lair value through profil or1088. Comrnitmentg lo make and rece¥ loans whlch me81 the condillons m8nlkJned abova 8r8 m888ured 01 co81 {whlch may be nill18ss irnpairrrftnt. Pago11
Devon and Cornwall Refugee Support Notes to th8 Flnancial Ststaments for tha Year Ended 31 Docomber 2024 IV1MIt$ Inveslnwnts in non-convertible pr8f8ren¢e shares and non-pultabl& ordinary or welerence Bhares (where 8hares are publi¢ty traded or their fair value i8 roliably rnea$urabl81 are measured al fair value through profil or loss. Where falr valug cannot bo measured reliabty, investments are m8a$ured al 06t1888 impoirment. Invoslments in $ubsidlari8s and 883oclates are me8sur•d at coal le38 impalmnI. For investrnenls in sub8idlaries ocquired for consideration Including Ihe18su8 of shares qualfying for merger reli?f, co8t 18 m&asured by refrrence lo the nominal value of Ihts shar85 Issued plu8 falr value ol olhor con8id&r4tion. Any pffjmium 18 ignL)red. 3 Incomo frorn donatlon• arrfl l0gacSè4 Unmlrlct funds G•n•r&l RtrIcted fvnds Totsl 2024 Total 2023 Donated 88Mces ond facllitieB 59,554 26.991 25,991 85,545 85,$45 15,019 59,554 15,019 4 Incom• Irom chaTltsbl• actlvltlo• Unre8trlttt•d lund• R•$lrl¢t•d Total Total 2023 £IAs r•8tated) 946,995 L•gal Ald G•n•ral lurn 2024 Normal ¢peralbn8 Ltgal aid 77,168 256.961 334,149 3,937 338,086 3,937 256,981 946,995 6 Investment incomfj Unr•strlcted fund8 ooneral Total 2024 Total 2023 Intere81 ree8ivable and slmllar income- Inter881 receNabl& on bank deposits 2,936 P49 12
Dovon and Cornwall Refugee Support Not8s to the Financial Statemonts for the Year Ended 31 Decomber 2024 6 ExpendStur• on charltablo actlvttlo# UnTostrlcled funds Rosirlcl•d Total Total 2023 £IAs r••tatsdl 65.727 L¢g•l Ald Genoral fvnd8 2024 NoTmal op8rallon8 Legsl aid AppeaL8 rht& exh8U81ed Staff costs Allocated Support costs Govemanee co815 44,991 41,480 86,471 3.937 29,765 339,542 37,136 3,660 500,511 3,937 29,765 297,362 35,792 42,180 1.344 3,860 226,712 32,075 3.937 92,175 404,399 324,614 In additk*n lo tho expenditure onalys•d above, there aro also govemance ¢0819 01 £3.660 12023 £NIII whlth relolè directly to Chaable activities. S88 nolg 7 lor further d&laUs. 7 AnatyBls of govornancg and 8UPPOrt Go•t¥ Gov•fnance co•ts Unre•lrlGted fund8 Oenor•l Total 2024 Independent exarnineT fees Exomlnalion of thè financlal statements Other lees paid lo ¢xaminer8 780 2,880 3.660 780 2,880 3,660 AcnIS and 8talulory reporting re all carried out by Int•mal Staff In 2023 and Proou3 year3, Due to a 8udd•n Incregse in inccffie, the chartty hag ntyw ongaged extemal vIS¥l3 who have 8180 88si$led with 8 re5talemenl of the pr•wous year fureS to ensure compllance wlth the Charttle8 SORP. B Tru•t••8 r•munwatlon and oxp•n¥os No truste85. nor any persons connected wilh them. have received any remuneralh)n from th• chanty during the year. No Iwslees havg rgceNed any reimburned èxpenses or any other benefits from the charty dun0 the year. Pg99 13
Devon and Cornwall Refugee Support Notes to the Flnancial Statements for the Year Ended 31 December 2024 9 Staff ¢tI Thè aggregate payroll costs were as fc41ow8.' 2024 2023 Staff ¢o$ts durlng tho y•ar w•r•.' Wage8 8nd salari8S Olh8r $1gff co819 325,518 14,024 339,S42 216,907 9.805 226,712 Tho monlhty 8veragg number of per80ns (including 8enlor managem1 I18&r$h1p 18aml fjmpbyed by Ihg GhafSly durfng the ytrsr wa8 ag follows.. 2024 No 13 2023 No 10 Slgff No employee rec•ivgd emoluments of morg than £60,000 during the y•ar. 10 Taxotlon Thp ¢harily16 8 iegi$l8red chority and 18 IhgrgfoTe exempl from taxallon. 11 Tanglblè Ilx•d a•t¥ Furnltur8 Computor oqulpment •4ulpm•nt Total Colt Al 1 January 2024 Additions 1.565 3,779 3.366 1,50) 4,931 S.279 Al 31 De¢8mbèr 2024 10,210 DeprècSatlon Charga for the year Al 31 De¢en*er 2024 1.218 1,337 2,555 1,218 1,337 2,555 Net book value Al 31 December 2024 4,126 3.529 7.855 Al 31 Decemb8r 2023 3,366 4,931 Paga 14
Dovon and Cornwall Refugee Support Notes to the Financial Statements for the Year Ended 31 December 2024 12 Debtors 2023 2024 £ IA• r•8tatodl 543 263.937 prepaents Accru•d Income 415,000 415,000 264,480 13 Cvedltor4: amounts l•lllng duo wlthln on• yr 2024 A¢¢ru8ls 14 Fund• B•lanc• at I January 2024 Incomlng rè8our¢e8 Ro$ourcg8 Balance at 31 gXPond•d Dècember 2024 Unrn•trlcl•d fund• Gener41 General Funds 143,494 137,608 192,1751 188,927 D•slgnatod Legal Aid Total unreltrlcted funds 3,937 143.494 141,545 96,112 188927 R••trlct•d fvnd• Other restrlcted under £1C* I nol& bekjw) Blue Thread8 8èfriendlng Proj•d A¢8 To Ju811ce Bfislol Law Centre ARE Home Lottery Community Grant NACCOM 14,8e4 30,251 17,227 11,974 S,757 18,644 500,OJO 56,379 30,0 25,fy 105,949 9.800 25 44.508 155,9391 130,0291 136,8721 (117,9231 115,5571 118.8S91 {118.6101 15,124 30,222 5,555 425.898 291 598 537 282,952 404.399 Total funds 742,031 424,497 500.511 Po90 15
Devon and Cornwall Refugee Support Nots8 to the Flnancial Statsments for the Year Ended 31 Decomber 2024 Balance at 1 January 2023 Incomlng rgsources Resource5 Balance at 31 •xpendèd D8Mb*r 2023 Unrestrlctsd funds Ganeral Gèneral Fund8 88,911 174.544 (117,9611 143,494 ReJtrl¢t•d fund# Other reslricled under £10k I sae nc48 lOW) Blue Thréad B&friéndin9 ProlKI Acc088 To Justice Bri$lol Law Centr• ARE Home Lottery Communlty Grant 14,684 206,553 30.251 17,227 11.974 5,757 18,644 500,000 790,408 (206,653} 14,684 30,251 17,227 11,974 5.757 18,644 500,000 14,684 206,553 598,537 Total fund• 101,59S 964,950 324,514 742,031 The ro8latemenl of th8 lolal fund$ in the 2023 Balanc8 8heot18 due lo th8 rocognitbn of a one-off grant 8ward In that year, whlch wlll be paid in tranches ovér 4 years, in line with the expendIlu . The reslalemgnl and in¢lu8lcn ol thi¥ adjuslm8nl In tha 2024 Account$ is due lo the Ch8rily Iran8illoning from Go¥h lo accrual&as&d accounting lo comply wtth SORP follon9 Ihl$ increa88 in annual income. 18 Analy•l¥ of n•1 a888t8 b•tW•8n funda Unro8trlcted fund8 Gen•ral Totsl funds at 31 December 2024 Re•trlttèd lund$ Tanglbl8 fLYod a8881 Current as8e18 Current liabililies 7.855 184,932 3,660) 188,927 7,65S 662,022 3,660 686.017 477,090 Totsl not 8ssoIg 477,090 Unrè8trlct8d funds Total fund• at R•Jtri¢tod ¥1 Decembgr 2023 £IAs rnstalodl 4,931 737,1C4) 742,031 Genoral funds Tangible fixed a88et8 Current assets 4.931 138.563 598,537 598,537 Tolal net a$sel$ 143,494 Page 16
Devon and Cornwall Refugee Support Notes to tho Flnanclal Statoments for the Year Ended 31 Decembor 2024 16 Rolated party tn¢tIOnS There wero no ralatsd paty Iransactlons In tho yp4r. P49 17
Devon and Cornwall Refug•• Support Independont Examinerfs Report to the trustees of Devon and Cornwall Refugee Support ('the Company.) I report lo the charity tru8lee8 on my examination of the accounts of the Company for the year ended 31 December 2024. Responsiblllties and basls of report As the charity's trustees of the Company lan¢J al ts directOf8 for the purposes of company law) you are responsib for the preparation of the accounts in accordance with the wulrements of the Companies Act 20061'lhe 2006 Act'i. H8ving satisfied myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act and afe eligible for independent examination, I report in respect of my examination of your charty'8 accoun18 as carried out under section 145 of the Ch8ri1ies Act 2011 {'Ihe 2011 Ad'l. In carrying out my ¢xarninalion I have followed the Directions given by the Chartty Commission under Section 14515llbl of the 2011 Act. Independ•nt examln•r'• 8tstement Since the Componls gTOS8 income exceeded £250,000 your examin8r mu81 be a member of a b)dy IiBted in Sectlon 145 01 the 2011 Ad. I confimi that l am qualifvad to undertake the examination becau8e l am a member of . which18 one of the li8ted bodies. I have completed my examlnation. I confimi that no matter8 h8vo comè to my attention in connection with the examlnalion giving me cau8e lo bel¥8.. 1. atxounling r?cordB were not kept in respect of Devon and Comwall Refugee Support as required by soction of the 20Ck8 Act.. or 2. the 8ccounls do not accord with those record8,' or 3. th8 8ccounls do not comply wllh the accounllng requirements of section 396 of the 20C6 Act other th8n any iequiremenl that the 8ecounls give a 'true and falr view which 18 not a matter consKlered as part of an independènt examination; or 4. the accounts have not been prepafed In accordance wllh the methods and principles of the Slalemenl of Recommended Practice for èccountlng gnd reportlng by ch8rtties lapplic8ble to charities prepanng their ac¢ounts in a¢¢ordance with the FSnancial Reporting Standard applicable in the UK and Republic of Irgland IFRS 102)]. I have no concerns and have come 8cro88 no other matters In connection wf(h the examin8tion to which attention Should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Matthew Kgane ACCA Westcotts {SW> LLP Ptym House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT Date.. Paga 18