## **Trustees’ Report and Financial Statements** **Year ended 31[st] March 2021** Registered charity number: 1140893 • Company number: 07529092 **----- Start of picture text -----**
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Contents
Charity Information ...............................................................4
Trustees’ Report .....................................................................6
Covid-19 .................................................................................10
Steve writes ........................................................................... 12
Case Studies ...........................................................5, 11, 15–17
........................... 21
Statement of Trustees’ Responsibilities
Trustees’ Financial Review ..................................................19
..............22
Independent Auditor’s Report to the Members
Statement of Financial Activities .......................................24
Balance Sheet .......................................................................25
Notes and Accounting Policies ........................................... 27
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**2** I just wanted to say a big thank you for looking after my little bro and getting him back on his feet! Client family member **3** ## **Charity Information** **Registered Office** **Glen Carne** Barkla Shop St. Agnes Cornwall TR5 0XN **Banking** **HSBC** 81 Fore Street Redruth Cornwall TR15 2BW **CAF Bank Ltd** 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ **Independent Bush & Co Limited Auditor** 2 Barnfield Crescent Exeter Devon EX1 1QT **Solicitor Stephens Scown** Osprey House Malpas Road Truro Cornwall TR1 1UT ## **Key Management Personnel** Key Management Personnel include all trustees, the CEO and senior management. ## **Trustees** ## **Senior Management** - Paula Dunkley (Chair) - Ruth Clarke - Les Donnithorne - Cllr Pete Mitchell - Matthew Gavan (Chief Executive Officer) - Andrew Crozier (Support Manager) ## **Patron** Sarah Newton **4** ## **’** Dave s story **I never imagined I would have been in the situation I was, when a dear friend rang Glen Carne for me. To have nothing left, to be actually homeless.** Without Glen Carne, without all of the support they have given me, I really don’t know where I would have been in life right now. I am so grateful, to have a roof over my head, a bed to sleep in, a hot shower, and a kitchen to make food in. It’s those small things in life we take for granted that really are important. I would like to say “thank you” from the bottom of my heart to everybody that has a role in Glen Carne from its small humble beginnings to where it is now and what it does for everybody who resides here. My stay at Glen Carne allowed me to get off the merry-go-round and take the time I needed to find myself, to take better care of myself in my thoughts and my body, and to be grateful for what I have and who I am. **5** ## **Trustees’ Report** ## **Structure Governance and Management** This report serves the purposes of both a Trustees’ Report and a Directors’ Report as required by company law. Glen Carne is a company limited by guarantee, (company number: 7529092) governed by its Memorandum and Articles incorporated on 14th February 2011. Glen Carne is registered with the Charity Commission (charity number: 1140893). ## _Method of Appointment of Trustees_ As set out in the Articles of Association the Board of Trustees (who are Directors for the purpose of company law) consists of no less than three members. At every Annual General Meeting of the Company, one third of the Trustees must retire from office. The Trustees to retire are those who have been longest in office since their last election or re-election. A retiring member is eligible for re-election. ## _Trustee Induction and Training_ All new Trustees are provided with a copy of CC3 “The Essential Trustee” guide from the Charity Commission, a Trustee Handbook which details essential information and a copy of Glen Carne’s Articles of Association and latest accounts. From time to time training will be provided to update members on the roles, responsibilities and legal requirements of being a Trustee. New and existing Trustees are invited and encouraged to attend away days, and training sessions which are held for the staff team that are relevant to the Trustees’ developmental needs and understanding of the service and clients. ## _Structure and Decision Making_ Glen Carne is managed by an elected Board of Trustees. The Board makes decisions about policy ratification, revises the business plan and strategic direction of the organisation, as well as deciding the budget and monitoring income and expenditure. The Board also reviews the charity’s delivery against its aims and objectives and supports the management with recruitment, promotion and retention of staff and volunteers. Board members may also form subgroups relating to policy and procedural development as and when required. The day to day running of the charity has been delegated to the senior management team. Matters relating to arrangements for setting pay and remuneration of the charity’s key management personnel are guided by NCVO benchmarks, third sector guidelines or independent consultation. The charity operates a commercial lease with the founder and previous trustee Robert Crozier (since retired) to lease the property and associated land at the St. Agnes site. An independent lease valuation was conducted in October 2016 (see note on p.36). **6** ## **Objectives, Activities and Public Benefit** The charitable objectives of Glen Carne are to relieve need, hardship and distress of disadvantaged people in Cornwall, in particular but not exclusively by providing or assisting in the provision of accommodation, support, training and any other assistance as the directors may decide from time to time. The Trustees are satisfied that the charity’s objects meet the public benefit of accommodation and training. The Trustees confirm that they have taken into account the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. **----- Start of picture text -----**
Thank you
... for all the
support you
have given me.
Client
**----- End of picture text -----**
**7** ## **Achievements and Performance** ## **Capacity and Facilities** Glen Carne houses 33 residents at the St. Agnes site, catering for clients with complex needs and may have previously been homeless or sofa-surfing. Referrals are received from voluntary and statutory agencies including Cornwall Council, homeless charities, probation, drug and alcohol services, mental health teams and domestic abuse services. A further 32 spaces are available with our partner providers at Homeleigh and Greenhaven who provide longer-term supported accommodation to clients with severe and enduring mental health issues and learning disabilities, around the Camborne, Redruth, Penzance and Wadebridge areas. Clients must be free from alcohol or drug use for approximately six months prior to starting our service, and Glen Carne may be used as a move on from other support providers as part of a staged support plan. Our St. Agnes site offers three acres of land for voluntary work and optional Horticultural training. The large gardens and rural locality are helpful in restoring wellbeing to clients who may be suffering from complex needs. A gymnasium is also available for clients to exercise and improve both their physical and mental health. ## **Applications and Support** Potential clients are invited to an interview to discuss how Glen Carne can help and establish their suitability for the service. Once accepted, new clients work with the support team on a Needs Assessment which enables staff to establish what support is required and how this can be provided. Often this includes working with specialist services for mental health support, addictions, debt issues etc. Our staff work with the client to achieve their own personal goals through a Support Plan. For a new client entering the service, initial steps include registration with the local GP and support services, registration on the housing register together with provision of emergency food parcels and toiletries, if required. **8** Thereafter more targeted support can be provided to focus on the client’s own individual support needs including advocacy for those who qualify for social housing, signposting to specific services such as debt advice where appropriate and establishing the correct benefits are in place. The Support Plan is adapted as progress or change occurs, allowing the client to work constructively with Glen Carne and supporting services to enable their progression into independent living. The Support Plan includes health and wellbeing needs, financial and benefit issues, volunteering and training opportunities, personal safety and plans for the future. Floating support and drop in sessions are also available for clients who have recently moved into independent accommodation, including landlord advocacy and benefit support to ensure the new tenancy has every chance of success. ## **Performance** During 2020/21 Glen Carne received 79 referrals to the main St. Agnes service, a 10% increase on the previous year. However, as anticipated in last years’ report the total number of clients moving to independent accommodation this year decreased as a direct result of the Covid-19 pandemic and subsequent lockdown measures which effectively closed up many opportunities for moving to alternative accommodation. Therefore, a total of 14 clients moved on from the St. Agnes service (a 20% reduction on the previous year). Due to the changing landscape of available move on accommodation, this translated into the following areas: - Social Housing 43% (increase from 18% in the previous year) - Accommodation with Support: 29% (increase from 23.5% in the previous year) - Private sector: 14% (down from 29% in the previous year) - Friends/Family: 14% (down from 23.5% in the previous year) - Evictions: 0% (down from 6% in the previous year) These figures show a significant increase in eligible clients securing Social Housing, and the reduction in locally available private sector accommodation. Glen Carne has worked with many local community groups over the years to provide a meeting space, voluntary work opportunities and minibus transport. These areas of community work were postponed in many cases due to Covid-19, including our Timecredits incentive scheme for volunteers. Our intention is to restart these initiatives as soon as conditions allow. **----- Start of picture text -----**
30%
20%
10%
0%
Friends/ Supported Private Social
Family Acc’ Sector Housing Evictions
**----- End of picture text -----**
**Percentage of clients moving on to further accommodation** **9** Similarly, many client training courses were postponed due to Covid-19 measures. During the year we were able to run a handful of socially distanced sessions, including the Tenancy Accreditation course, rights and responsibilities, dealing with debt, IT and basic cookery. Other socially distanced events such as the walking club and client shopping trips continued in limited numbers. ## **Covid-19** The impact of Covid-19 cannot be overstated during 2020/21 and continues to bring challenges into the new year. At the start of lockdown, we experienced many challenges with clients adjusting to the new restrictions. The external courses that usually help occupy and empower clients were also cancelled by our training providers, causing a noticeable gap in training and social activities. The site was restricted to essential visitors only, and many supporting agencies were severely restricted in what they could provide to our clients caused by the lockdown. Staff were vaccinated and tested regularly for Covid-19. PPE measures were implemented and a fourday working week was established with optional home-working to reduce the numbers of staff in the office. Extra temporary staff were brought in to cover existing staff who were clinically vulnerable or ill, which continued for the majority of the year. Additional PPE was purchased including office screens to reduce the risk of infection. Staff and trustee meetings both moved online to reduce grouping people together. Staff also made use of texting technology to keep in contact with clients to give updates, links and advice as necessary. A daily housing cleaning service was implemented to include cleaning all door handles, light switches, kitchens and other high contact surfaces daily to reduce the risk of infection for clients and staff. A kitchen rota was established to reduce footfall in the kitchen and other communal areas, and the breakfast club was also suspended. Communal facilities such as computers were temporarily removed from use and the gym was also closed in line with government instructions. Staff supported clients with special shopping trips and also worked with the Foodbank to gain supplies for emergencies and those who were ill and could not shop for themselves. The minibus was used solely for shopping trips and not by outside groups during these restrictions. At the time of writing, restrictions have eased and the “new normal” is in place with signs of training courses and other opportunities returning, albeit at a reduced capacity, and the gym and other facilities starting to return. To date, we have been fortunate in very few confirmed Covid-19 cases on-site. ## **Matt Gavan, CEO** **----- Start of picture text -----**
Gym closure during lockdown
**----- End of picture text -----**
**10** ## **Let me introduce myself, my name is Graham** My journey to Glen Carne started twelve years ago really, when divorce and limited access to my children led to mental health issues. I then moved from the North East to Wiltshire. With help from an aunt I rebuilt my life and returned to self employment as a gardener, and after eight years formed another relationship. In late 2019 I became homeless when that relationship ended. With no family support available and living in my work vehicle, my mental health issues and ghosts starting returning and I found myself in Cornwall. Why Cornwall people ask? Well I have a long affinity with the area and I was still fleeing mental health issues from the past, I have had friends and contacts here for over thirty years, some who are helping me more now and have become a real support. After six months living in Cornwall in my work vehicle, I was receiving mental health support from Pentreath – a local charity that helped me a lot – and then introduced me to Glen Carne. I have also received lots of support from Perennial, a national gardeners charity. Initially I was uneasy about moving in to what was a totally new environment and unsure if Glen Carne could help me, but on meeting staff and listening to their assurances I moved in. So twelve months later, I find their assurances that Glen Carne was a safe, quiet and supportive place to be just that. After completing various courses and help with benefits and plans for future housing options being explored, and working in their gardens to keep my Horticulture skills sharp, this has now enabled me to take steps such as completing a website to help me return to self employment as a gardener. I would like to thank Glen Carne and all who have helped me on my journey to better health and restored my faith in people and society again. ## Steve writes... **I have been a support worker at Glen Carne for five years** **12** **I have visited many housing projects over the past 18 years and Glen Carne feels more like a supportive community.** Residents share general house duties and their issues with staff – and between themselves if they feel this is appropriate. Peer support can be a useful tool used in the right way. Glen Carne is a temporary supported housing project where the residents stay averages around 12 months. I feel that the project has evolved over this period helping adult males to: - Achieve their potential whatever may be. - A safe space to rebuild their lives, relationships, regain confidence, life skills, education, employment, training and gain suitable accommodation. - Continue to support residents through their journey from a new start to where they are ready to move on. Our residents come from a diverse background and cultures, mainly from Cornwall but not exclusively. All we ask is that they work with us and meet us halfway. This can include weekly contact meetings, attending GP’s or other health appointments and general engagement with the service. The staff come from various backgrounds and this, in turn, works as we all bring different skill sets to the project. We work with numinous other agencies around the area, including: - Drug and alcohol services - Social housing - Private landlords - Department of Work and Pensions Our aim is to take the client when they arrive and allocate a support worker which if possible match the needs of the client. We then complete Needs and Risk Assessments which leads into their Support Plan. Once we have identified their needs, we will work with them over the coming months to try to achieve these identified goals. ## **Steve – Housing Support Worker** **13** **Time Credits Volunteering** **Due to the Covid-19 pandemic the majority of volunteering opportunities were reduced in order to comply with Government guidance.** Thanks for helping me with my PIP stuff, **’** You re a star! Client **Our Timecredits scheme is therefore temporarily closed and will restart as conditions allow.** **Picture posed by model** **14** ## Case Study **I came to Glen Carne with a few clothes and very low self-esteem** After being welcomed warmly by management and key workers alike my journey began. I battled depression but with staff support and getting me the right help I got through it. Training courses were made available which helped. I also had to have an operation and to be honest if it wasn’t for being here I never would have had it. It was the best thing I had done. Unless you stay here and see what a good job they do you can’t appreciate it. Through the pandemic they did their best to help us through it. Unfortunately I got Covid, but I was supported daily to see how I was. Again I’m very grateful. It’s now time for me to move on. I have a flat which I never would have got unless I was here. If you work with them they will make your journey a good one. I’m proof. Many thanks to my support worker Steve Perrin for everything he has done and to all the staff and management. I’m over the moon at the end of my journey here and a new chapter begins. **15** ## **’** Will s story ## **When I first came to Glen Carne I was very anxious and depressed** I didn’t talk to people as I suffered from serious social anxiety. I also had addiction issues, the staff were awesome. They talk to me as a person instead of just another addict. I no longer have a drug addiction. They helped with getting me to the doctors for medication, shopping trips so I didn’t have to go alone, and also have someone to talk to without being judged. About three months into my stay my father passed away and one staff member asked if I had a suit for the funeral. I said no, so he took me to a clothes store and help me get a suit. They also arranged a lift to and from the funeral. I signed up for some of the courses that were being done on the premises which helped a lot with my anxiety. During my stay, they noticed I had really bad hearing and talked to me about getting my hearing checked. I agreed and we spoke to the hospital and now wear hearing aids which have helped a lot. If it wasn’t for Glen Carne I would still be homeless or worse, I cannot thank them enough for the chance they’ve given me to change my life for the better. **16** ## **During 2016 I was living in a spiritual community in the north of Scotland** I then left to spend the next two months living in a tent on a camp site near Inverness. I travelled back to Cornwall and was camped at St. Ives and then Penzance. I arrived at Glen Carne without money or access to the benefits system. Glen Carne gave me a room, food, and arranged for me to see a doctor and got me registered with the benefit system. They also provided me with voluntary work in the gardens and arranged for me to receive mental health care plus access to psychiatrists for special therapy. I have found Glen Carne to be a real lifesaver, I don’t think I would still be in this world without their support. In the future, I hope to be living in social housing in the Penzance area and to have some volunteering work in a local National Trust garden. ## **Trustees’ Financial Review** The charity’s reserves and its policy are set out as follows: **----- Start of picture text -----**
2020–21 2019–20
Unrestricted Funds:
Designated Funds
Solar Panels £40,752 £44,138
Fixed Assets £15,606 £21,929
General Funds £366,454 £386,569
Restricted Funds £0 £1,488
Total Funds £422,812 £454,124
Annual Operating Expenditure
£708,797 £710,906
(excluding outside providers)
Ratioof Free Reserves to Annual
60% 64%
Operating Expenditure
**----- End of picture text -----**
In the Trustees’ view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future, and associated uncertainty in the current Covid-19 pandemic. The Trustees propose to maintain the charity’s free reserves at a level of six months (50%) operational expenditure which equates to £354,399. The charity had accumulated unrestricted funds of £422,812, of which £56,358 relates to fixed assets leaving £366,454 in free reserves at 31 March 2021. This is in excess of the reserves policy by £12,055. The provision of the free reserves allows the charity to continue to improve the accommodation and surrounding grounds over the coming year for the benefit of clients. Permission has been granted to provide additional accommodation within a new building on the site to allow the charity to house more clients in need. The effects of the Covid-19 pandemic are yet to be fully realised, however the charity is in a secure position to navigate these ongoing challenges. The Trustees review the amount of reserves that are required to ensure that they are adequate to fulfill the charity’s continuing obligations on a continuing basis. Total income was £1,348,604. Total expenditure was recorded at £1,376,370. The majority of income received to the charity is provided by Housing Benefit, with occasional income provided by small grants. A charge of £14 per week is made to clients for heating and electricity contributions. The charity has avoided any increase in these charges, in part due to solar panels reducing its environmental and financial impact. **19** ## **Risks and Uncertainties** The withdrawal from the European Union has impacted funding streams which are typically used for client training and provision. We are working with our training partners to source alternative funding streams and to continue the important work of training and preparing clients for moving on to independent accommodation and employment. As previously explained the ongoing Covid-19 pandemic has had an understandable impact on the level of service delivery and has resulted in changes to staffing and office patterns to allow sufficient social distancing. The difficulty in sourcing private move on accommodation during this period has also impacted on the service and therefore reduced the ability to support clients moving on. Although costs have increased over the last 12 months due to Covid-19, the income has remained consistent through this period. We expect core funding to continue into the foreseeable future. ## **Plans for the Future** The pandemic has also affected plans to convert an existing building into two bedroomed accommodation. The charity is in the process of converting an existing building on the main site into separate accommodation for two further clients with self-contained facilities. It is planned this will be completed during 2022. **20** ## **Statement of Trustees’ Responsibilities** The Trustees (who are directors of Glen Carne for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2015 (FRS 102); make judgments and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on an ongoing concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: there is no relevant information of which the charitable company’s auditor is unaware; and - the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the auditor is aware of that information. Approved by the Trustees on 25th November 2021 Signed on their behalf by …………………………………………………... Ruth Clarke Trustee **21** ## **Independent Auditor’s Report to the Members of Glen Carne Limited** ## **Opinion** We have audited the financial statements of Glen Carne Limited (the ‘charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure account, the Balance Sheet the Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - ♦ give a true and fair view of the state of the charitable company’s affairs as at 31 March 2021 and of its incoming resources and application of resources for the year then ended; - ♦ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - ♦ have been prepared in accordance with the requirements of the _Companies Act_ 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. **22** ## **Opinions on other matters prescribed by the** _**Companies Act**_ **2006** In our opinion, based on the work undertaken in the course of the audit: - ♦ the information given in the Trustees’ Report, which includes the Directors’ Report [and the Strategic Report] prepared for the purposes of company law for the financial year for which the financial statements are prepared is consistent with the financial statements; and - ♦ the Strategic Report included within the Trustees’ Report has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors’ Report included within the Trustees’ Report. We have nothing to report in respect of the following matters where the _Companies Act_ 2006 requires us to report to you if, in our opinion: - ♦ adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; - ♦ the financial statements are not in agreement with the accounting records and returns; - ♦ certain disclosures of trustees’ remuneration specified by law are not made; - ♦ we have not received all the information and explanations we require for our audit; or - ♦ the trustees were not entitled to prepare the financial statements in accordance with the small companies regime [and] [take advantage of the small companies exemption in preparing the Directors’ Report] [and] [take advantage of the small companies exemption from the requirement to prepare a Strategic Report]. ## **Responsibilities of the trustees** As explained more fully in the Trustees’ Responsibilities Statement set out on page 21 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## **Shane Cann** for and on behalf of Bush & Co Limited, Statutory Auditor 2 Barnfield Crescent, Exeter, Devon EX1 1QT Date: 25th November 2021 **23** ## **Glen Carne STATEMENT OF FINANCIAL ACTIVITIES** ## **for the year ended 31 March 2021** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Charitable activities
8
**Total**
Net (losses)/gains on
investments
**Net expenditure**
9
Transfers between funds
**Net expenditure before**
**other gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestrict**
**ed funds**
**2021**
**£**
-
1,333,044
8,116
7,174|**Restricted**
**funds**
**2021**
**£**
270
-
-
-|**Total**
**funds**
**2021**
**£**
270
1,333,044
8,116
7,174|**Total**
**funds**
**2020**
**£**
935
1,311,137
8,116
6,859| |---|---|---|---|---| ||1,348,334
1,374,612|270
1,758|1,348,604
1,376,370|1,327,047
1,339,416| ||1,374,612
(3,546)|1,758
-|1,376,370
(3,546)|1,339,416
987| ||(29,824)
-|(1,488)
-|(31,312)
-|(11,382)
-| ||(29,824)|(1,488)|(31,312)|(11,382)| ||(29,824)
452,636|(1,488)
1,488|(31,312)
454,124|(11,382)
465,506| ||422,812|-|422,812|454,124| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. **24** ## **Glen Carne BALANCE SHEET** |**at**
**31 March 2021**
**Company No. 07529092**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
11
56,358
Investments
12
245,635
301,993
**Current assets**
Debtors
13
69,507
Cash at bank and in hand
104,707
174,214
**Creditors:**Amount falling due within one year
14
(53,395)
**Net current assets**
120,819
**Total assets less current liabilities**
422,812
**Net assets excluding pension asset or liability**
422,812
**Total net assets**
422,812
**The funds of the charity**
**Restricted funds**
15
Restricted income funds
-
-
**Unrestricted funds**
15
General funds
366,454
Designated funds
56,358
422,812
**Reserves**
15
Revaluation reserve
0
0
**Total funds**
422,812|**2020**
**£**
66,067
249,181| |---|---| ||315,248
37,047
140,429| ||177,476
(38,600)| ||138,876
454,124| ||454,124| ||454,124| ||1,488| ||1,488
386,569
66,067| ||452,636
-| ||-| ||454,124| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the board on 25 November 2021 And signed on its behalf by: Ruth Clarke Trustee 25 November 2021 **25** ## **Glen Carne STATEMENT OF CASH FLOWS** ## **for the year ended 31 March 2021** |**Cash flows from operating activities**
**Net expenditure per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Other gains/losses
Increase in trade and other receivables
Increase in trade and other payables
**Net cash used in operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2021**
**£**
(31,312)
9,709
(15,290)
-
(32,460)
14,795
(54,558)
15,290
15,290
-
(39,268)
140,429
101,161
104,707
104,707|**2020**
**£**
(11,382)
11,174
(14,975)
-
(37,047)
38,600| |---|---|---| |||(13,630)
14,975| |||13,632| |||| |||-| |||| |||2| |||-| |||2| |||| |||140,429| |||| |||140,429| **26** ## **Glen Carne NOTES TO THE ACCOUNTS** ## **for the year ended 31 March 2021** ## 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The charity constitutes a public benefit entity as defined by FRS102. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** |Unrestricted|These are available for use at the discretion of the trustees in furtherance of the| |---|---| |funds|general objects of the charity.| |Designated|| |funds|These are unrestricted funds earmarked by the trustees for particular purposes.| |Revaluation|These are unrestricted funds which include a revaluation reserve representing the| |funds|restatement of investment assets at their market values.| |Restricted funds|These are available for use subject to restrictions imposed by the donor or| ||through terms of an appeal.| **27** ## **Glen Carne NOTES TO THE ACCOUNTS** ||**Glen Carne**
**NOTES TO THE ACCOUNTS**| |---|---| |**Income**|| |Recognition of|Income is included in the Statement of Financial Activities (SoFA) when the| |income|charity becomes entitled to, and virtually certain to receive, the income and the| ||amount of the income can be measured with sufficient reliability.| |Income with|Where income has related expenditure the income and related expenditure is| |related|reported gross in the SoFA.| |expenditure|| |Donations and|Voluntary income received by way of grants, donations and gifts is included in| |legacies|the the SoFA when receivable and only when the Charity has unconditional| ||entitlement to the income.| |Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the| |donations and|gift/donation to which it relates.| |gifts|| |Donated|These are only included in income (with an equivalent amount in expenditure)| |services and|where the benefit to the Charity is reasonably quantifiable, measurable and| |facilities|material.| |Volunteer help|The value of any volunteer help received is not included in the accounts.| |Investment|This is included in the accounts when receivable.| |income|| |Gains/(losses)|This includes any gain or loss resulting from revaluing investments to market| |on revaluation|value at the end of the year.| |of fixed assets|| |Gains/(losses)|This includes any gain or loss on the sale of investments.| |on investment|| |assets|| |**Expenditure**|| |Recognition of|Expenditure is recognised on an accruals basis. Expenditure includes any VAT| |expenditure|which cannot be fully recovered, and is reported as part of the expenditure to| ||which it relates.| |Expenditure on|These comprise the costs associated with attracting voluntary income,| |raising funds|fundraising trading costs and investment management costs.| |Expenditure on|These comprise the costs incurred by the Charity in the delivery of its activities| |charitable|and services in the furtherance of its objects, including the making of grants and| |activities|governance costs.| |Grants payable|All grant expenditure is accounted for on an actual paid basis plus an accrual for| ||grants that have been approved by the trustees at the end of the year but not yet| ||paid.| |Governance|These include those costs associated with meeting the constitutional and| |costs|statutory requirements of the Charity, including any audit/independent| ||examination fees, costs linked to the strategic management of the Charity,| ||together with a share of other administration costs.| |Other|These are support costs not allocated to a particular activity.| |expenditure|| ## **Taxation** The charity is exempt from corporation tax on its charitable activities. **28** ## **Glen Carne NOTES TO THE ACCOUNTS** ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Leasehold property 5% Straight line Computer Equipment 25% Straight line Vehicles 25% Reducing balance Household Capital 10% Straight line Items ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. **29** ## **Glen Carne NOTES TO THE ACCOUNTS** ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. ## 3 **Statement of Financial Activities - prior year** |3
**Statement of Financial Activities - prior year**|||| |---|---|---|---| |**Income and endowments**
**from:**
Donations and legacies
Charitable activities
Investments
Other
**Total**
**Expenditure on:**
Charitable activities
**Total**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2020**
**£**
220
1,311,137
8,116
6,859|**Restricted**
**funds**
**2020**
**£**
715
-
-
-|**Total**
**funds**
**2020**
**£**
935
1,311,137
8,116
6,859| ||1,326,332
1,339,186|715
230|1,327,047
1,339,416| ||1,339,186
987|230
-|1,339,416
987| ||(11,867)|485|(11,382)| ||(11,867)|485|(11,382)| ||(11,867)
464,503|485
1,003|(11,382)
465,506| ||452,636|1,488|454,124| **30** ## **Glen Carne NOTES TO THE ACCOUNTS** ## 4 **Income from donations and legacies** |Donations & Legacies
5
**Income from charitable activities**
**Grant Income**
**Primary Purpose**
**Trading**
Housing (Glen Carne)
Housing (Outside)
6
**Income from investments**
CCLA COIF Charities
Fund
7
**Other income**
Solar Panels|**Restricted**
**£**|**Total**
**2021**
**£**
270|**Total**
**2020**
**£**
935| |---|---|---|---| ||270||| ||270|270|935| ||**Unrestricted**
**£**|**Total**
**2021**
**£**
595,410
737,634|**Total**
**2020**
**£**
612,298
698,839| ||595,410||| ||737,634||| ||1,333,044|1,333,044|1,311,137| ||**Unrestricted**
**£**
8,116|**Total**
**2021**
**£**
8,116|**Total**
**2020**
**£**
8,116| ||8,116|8,116|8,116| ||**Unrestricted**
**£**
7,174|**Total**
**2021**
**£**
7,174|**Total**
**2020**
**£**
6,859| ||7,174|7,174|6,859| **31** ## **Glen Carne NOTES TO THE ACCOUNTS** ## 8 **Expenditure on charitable activities** |**Expenditure on charitable activities**||||| |---|---|---|---|---| |_Direct expenditure on_
_charitable activities_
Rent
Lease payments
Support payments
Household maintenance
Council tax
Fire Safety
Professional fees
Client provision inc
garden project
Security
_Support Costs_
Wages
Staff NIC (Employers)
Pensions
Staff training
Staff welfare
Travel and subsistence
Contractors
Light, heat and power
Insurance
Motor vehicles
IT expenses
Printing, postage and
stationary
sundry expenses
Cleaning
Marketing and
promotion
Consultancy fees
Legal and professional
fees
Specific Bad Debts
written off
Bank charges
Depreciation|**Unrestricte**
**d**
**£**
197,215
39,686
620,994
71,395
5,065
5,444
4,292
3,765
73,721
1,021,577
211,045
16,690
4,556
1,736
1,390
963
28,714
23,591
6,768
8,889
3,740
6,928
12,005
4,872
155
-
1,393
1,203
286
9,709
344,633|**Restricted**
**£**
-
-
-
-
-
-
-
1,758
-|**Total**
**2021**
**£**
197,215
39,686
620,994
71,395
5,065
5,444
4,292
5,523
73,721|**Total**
**2020**
**£**
197,215
39,122
582,917
118,914
6,167
4,424
2,974
4,926
50,888| |||1,758
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|1,023,335
211,045
16,690
4,556
1,736
1,390
963
28,714
23,591
6,768
8,889
3,740
6,928
12,005
4,872
155
-
1,393
1,203
286
9,709|1,007,547
199,862
16,880
4,525
2,409
115
279
18,887
27,698
6,633
-
8,861
5,110
5,385
2,759
10,898
2,100
-
-
-
11,174| |||-|344,633|323,575| **32** ## **Glen Carne NOTES TO THE ACCOUNTS** |_Governance costs_
Accountancy
1,930
-
Audit fees
6,472
-
8,402
-
1,374,612
1,758
9
**Net expenditure before transfers**
**2021**
This is stated after charging:
**£**
Depreciation of owned fixed assets
9,709
Auditors' remuneration
6,472
10 **Staff costs**
Salaries and wages
211,045
Social security costs
16,690
Pension costs
4,556
232,291
No employee received emoluments in excess of £60,000.
Total employee benefits received by key management
personnel
101,425
The average monthly number of full time equivalent
employees during the year was as follows:
**2021**
**Number**
Charitable Activities
7
7|-
-|1,930
6,472|2,294
6,000| |---|---|---|---| ||-|8,402|8,294| ||1,758|1,376,370|1,339,416| ||**2021**
**£**
9,709
6,472
211,045
16,690
4,556||**2020**
**£**
11,174
6,000
199,862
16,880
4,525| ||232,291||221,267| ||||120,758
**2020**
**Number**
6| ||7||6| **33** ## **Glen Carne NOTES TO THE ACCOUNTS** |11 **Tangible fixed assets**
**Cost or revaluation**
At 1 April 2020
Disposals
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
Depreciation charge for
the year
Disposals
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020|**Solar Panels**
**£**
67,788
-
67,788
23,647
3,389
-
27,036
40,752
44,141|**Computer**
**Equipment**
**£**
8,431
(404)
8,027
7,425
336
(404)
7,357
670
1,006|**Vehicles**
**£**
44,000
-|**Household**
**Capital**
**Items**
**£**
61,595
-|**Total**
**£**
181,814
(404)| |---|---|---|---|---|---| ||||44,000|61,595|181,410| ||||26,412
4,397
-|58,263
1,587
-|115,747
9,709
(404)| ||||30,809|59,850|125,052| ||||13,191|1,745|56,358| ||||17,588|3,332|66,067| 12 **Investments** |**Cost or revaluation**
At 1 April 2020
Revaluation
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020
**Analysis of investments:**
CCLA COIF charities fund 182,791.05 units
Market value of listed investments
13 **Debtors**
Other debtors
Prepayments and accrued income|**2021**
**£**
245,635|**CCLA**
**COIF**
**Charities**
**Fund**
**£**
249,181
(3,546)|**Total**
**£**
249,181
(3,546)| |---|---|---|---| |||245,635|245,635| |||245,635|245,635| |||249,181|249,181| ||||**2020**
**£**
249,181| ||**2021**
**£**
408
69,099||**2020**
**£**
760
36,287| ||69,507||37,047| **34** ## **Glen Carne NOTES TO THE ACCOUNTS** ## 14 **Creditors:** amounts falling due within one year |Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income
15 **Movement in funds**
**At 1 April**
**2020**
**Restricted funds:**
**Restricted income**
**funds:**
Acts
455
Garden Project
1,033
_Total_
1,488
**Unrestricted funds:**
**General funds**
386,569
**Designated funds:**
Tangible fixed assets
66,067
_Total_
66,067
**Revaluation Reserves:**
Revaluation fund
-
_Total revaluation_
_reserves_
-
**Total funds**
454,124|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
270
-
270
1,348,334
-
-
(3,546)
(3,546)
1,345,058|**2021**
**£**
13,995
5,066
1,719
32,615|**Gross**
**transfers**
**£**|**2020**
**£**
9,156
4,621
2,587
22,236| |---|---|---|---|---| |||53,395||38,600| |||**Resources**
**expended**
**£**||**At 31**
**March**
**2021**
**£**
-
-| |||||| |**Restricted funds:**
**Restricted income**
**funds:**
Acts
Garden Project
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Tangible fixed assets
_Total_
**Revaluation Reserves:**
Revaluation fund
_Total revaluation_
_reserves_
**Total funds**||||| |||(725)|-|| |||(1,033)|-|| |||||| |||(1,758)|-|-| |||||366,454
56,358| |||(1,364,903)|(3,546)|| |||||| |||(9,709)|-|| |||(9,709)|-|56,358| ||||3,546|0| |||||| |||||| |||-|3,546|0| |||||| |||(1,376,370)|-|422,812| **35** ## **Glen Carne NOTES TO THE ACCOUNTS** ## 16 **Analysis of net assets between funds** |**Analysis of net assets between funds**
**Glen Carne**
**NOTES TO THE ACCOUNTS**||| |---|---|---| |Fixed assets
Investments
Net current assets|**Unrestricted**
**funds**
**£**
56,358
245,635
120,819|**Total**
**£**
56,358
245,635
120,819| ||422,812|422,812| ## 17 **Related party disclosures** _Name of related party_ Robert Crozier _Description of_ Father of Support Manager Andrew Crozier and father-in-law to Chief Executive Officer _relationship between_ Matthew Gavan _the parties_ _Description of_ Rents the St Agnes property to the charity at _transaction and general_ an annual rent of £197,215 (2020: £197,215) _amounts involved_ An independent commercial lease valuation was undertaken in October 2016. This review by Miller Commercial concluded the market rent would be £173,250. At the time rent was being charged £177,870pa, and has since gone up by RPI +2% each year with the exception of 2020/21 when the rent has remained the same. The Charity Commission approved that the Charity could rent property from Mr Robert Crozier at the point of registering the charity. ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. **36** ## **Notes:** ............................................................................................................................................................................................................................... ............................................................................................................................................................................................................................... ............................................................................................................................................................................................................................... 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............................................................................................................................................................................................................................... **37** **Support Office: 01872 554141 / 552061 Operations Office: 01872 554022 info@glencarne.org.uk Barkla Shop, St. Agnes, Cornwall TR5 0XN www.glencarne.org.uk Registered charity number: 1140893 Company registered by guarantee. Company number: 7529092** **This annual report was designed and produced by Glen Carne Thank you to our clients for permission to use case studies, quotes and selected images** **38**