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← Transformation Cpr

2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1146238

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRANSFORMATION CPR

TC Group The Old Carriage Works Moresk Road Truro Cornwall TR1 1DG

TRANSFORMATION CPR

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 to 22
Detailed Statement of Financial Activities 23 to 24

TRANSFORMATION CPR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Summary of the purposes of the charity as set out in its governing document

We aim to challenge social and financial exclusion with Camborne, Pool and Redruth. We aim to challenge the outcomes and causes of poverty. We aim to create and recreate community within the Camborne, Pool and Redruth.

We aim to work alongside all other agencies whether statutory, voluntary or third sector that have likeminded visions and aims.

Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts

Food Banks

Transformation CPR (the Charity) operates 3 independent Foodbanks across the Camborne Pool Redruth (CPR) area supporting those in the local community who are experiencing food poverty and financial hardship. Service users are provided with 8 vouchers in 6 months and extra support if the agency requests it. The voucher system is accessed by 125 professional agents in the area ranging from schools, GP surgeries, housing services, homeless services and crisis agencies. Food bank provision has been an integral part of the Charity's service offer since 2010.

Community Hub

Transformation CPR has offered Hub Services in some form since 2017. This enables service users to connect with the Charity team over the wider issues they face; supporting them to move on from food bank reliance and financial hardship to a more sustainable way of living. The Charity signposts to wider organisations in its network of contacts who help address issues around social welfare, health/wellbeing, vulnerability and financial deprivation. Much of this work is done through weekly Community Hub sessions.

Community Health and Wellbeing Programme

New in 2023 Transformation CPR secured a contract to deliver an NHS-funded community outreach programme. This programme utilises the Charity's extensive community network to deliver activities and signposting in order to alleviate current, and prevent future healthcare inequalities, in the communities served.

Crisis Funding and Partnership Working

The Charity receives referrals from professional agents to support clients most in need with access to crisis funding. Through an established network of partners and local agencies service users are offered wider support, to help move away from reliance on financial support and food banks.

Christmas Meal Appeal

Working in partnership with another local food bank, Transformation CPR supplies a fresh "ready to cook" Christmas Lunch delivered to the door of those in need on Christmas Eve, plus presents for the children. This is a large and busy operation requiring a lot of planning.

Page 1

TRANSFORMATION CPR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Foodshare

This is a warehouse facility which makes up the meal boxes and delivers them to the Food Banks. The warehouse team also collect donated food from community collection points, "waste" food from supermarkets and "over-manufactured" food from local food producers. All collected/donated food is checked and dated by the Charity's team of volunteers.

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit

Confirmed - Charity Commission email updates are sent to Trustees as they are received.

Policy on grant making

Applications for crisis funding are made to the Charity on a regular basis. In line with policy on the provision of food, crisis funding requests are received and processed from professional referrers only.

Each request is individually assessed using a standard set of questions, aligned to the charity's core purpose and/or awarding body's grant-making criteria.

A cap for each fund, and financial practices are in place, to monitor this. Where it is beneficial and better use of public funds, for the client to access debt/budgeting advice before an application is made for crisis funding, a signposting process is in place to support this.

The Charity's Crisis Funding Panel meets weekly to assess each award.

Policy on social investment including program related investment

Social investment is at the core of Transformation CPR's work - articulated through the Charity's governance, constitution, planning, projects and day-to-day operations.

Social investment is delivered through 3 core service areas:

The Charity's primary objective is to support individuals/families within the community to move on from reliance on food bank provision and financial hardship; to safer, happier and healthier lives.

Contribution made by volunteers

A team of approximately 65-70 volunteers supporting the Charity's core team of 15 staff. Volunteers support in a number of ways including:

Page 2

TRANSFORMATION CPR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole

Food Bank achievements:

During 2023 the Charity team provided 156,995 meals to individuals and families in the Camborne, Pool and Redruth area - 15% higher than 2022 service figures.

Average beneficiary numbers are typically 1000 (unique households) per annum.

Christmas Meal campaign success:

The 2023 campaign supported over 300 households with a ready-to-cook Christmas meal including additional food items and presents for the children. In addition to the meal provision - the Charity's hardworking team of 60+ additional volunteers wrapped over 1,100 gifts for children and young people.

Community Hub feedback:

873 visits were recorded to the Community Hubs during 2023 (approx. 72 per month).

Seven years of Community Hub delivery has demonstrated that the local community greatly values this service. Feedback collected from 2023 sessions highlight the impact and range of outcomes achieved:

Mental health - 'The staff and organisation really do a superb job at making people feel welcome, appreciated and just talking. And interacting makes me feel better within myself.' (Nov 23)

Access to housing & wider services - 'This support group saved me from losing my accommodation. With much thanks and great appreciation, I am indebted to them. Thank you so very much for all your help as I have fallen on hard times and you guys and gals have really helped me.' (Nov 23)

Community integration - 'I really appreciate and express my profound gratitude. I feel so much uplifted and protected from my vulnerability as a new arrival in Cornwall.' (Nov 23)

Practical support - 'These people are GOLDEN. Good for my mental health as well as filling my food cupboards. Don't know where I'd be without them right now, other than starving. As soon as I'm back on my feet, I will DEFINITELY be donating.' (Nov 23)

Motivation to change - 'I would like to volunteer soon. This service is amazing.' (Nov 23)

Support for families - 'Its good as the kids can get involved and play safely while you learn new skills. Chance for the kids to try new food without the expense of trying something they may not like' (July 23 Health Cooking Sessions)

Financial wellbeing outcomes:

150 families were awarded a total of £23,357 crisis funding in 2023; utilising grant funds from Cornwall Community Foundation, ACTS 435 and our own fund "Jen Loved".

As a result of further investment in the Community Hub in 2023 (from 3 - 5 sessions a week) the Charity was able to reduce the total number of grants awarded by focusing more attention on sustainable routes to financial wellbeing including signposting to financial support, benefits advice, debt support and budgeting.

Page 3

TRANSFORMATION CPR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

New team - Community Health and Wellbeing Programme

With NHS funding support Transformation CPR grew the staff team by 9 people in 2023.

A new team of Community Health and Wellbeing Workers will start work early in 2024 working in some of the area's most socially isolated and economically challenged neighbourhoods; where health outcomes are significantly low. They will be tasked with:

Meeting existing demand for healthcare services and reaching those in need of help/care who might not seek it out.

Achievements against objectives set

With the community still facing a cost-of-living crisis so soon after the COVID-19 Pandemic, the Charity's objectives this year remained simple:

Fundraising activities

Early in 2023 the following fundraising objectives were set:

All objectives were fully met in 2023.

New funders included Arnold Clark, NatWest, the Garfield Weston Foundation and The Headley Trust (Sainsbury's Family Charitable Foundation). The Charity also accessed two National Lottery Funds (Awards for All and the Community Organisations Cost of Living Fund).

Income of almost £320,000 was achieved.

Investment performance

During 2023 the Charity invested £250,000 of reserves and contingency operating funds into a business reserve bank account.

In 2024 Transformation CPR will further review investment options to ensure Charity funds are working to their maximum potential.

In line with the growth in activities and changing service-user demographic, focus also shifted to engaging further professional advisors to support with:

Page 4

TRANSFORMATION CPR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Financial position

The charity is developing a Reserves Policy which will set a target for "free reserves" to be held. It will take account of the current pressures on the services offered by the charity, arising from the developing cost of living crisis facing many service users, together with the ever more challenging fund-raising environment.

The accounts show free reserves of £239,565, £160,000 of which arose in 2020 following the exceptional response from the Simon Reeve TV documentary which highlighted the work of the charity.

The Trustees would like to see these reserves invested for the future of the service. The remaining reserves represent 16 months of general expenditure and are held in contingency in the event that funding plans are not fulfilled.

Reserves policy

As part of the Charity's financial planning process, reserves are held for business continuity purposes; to ensure Transformation CPR can continue to serve the local community by providing essential provision, services and crisis funding.

2023 was a year which illustrated the need for contingency funds to mitigate risk. As the cost-of-living crisis prevailed and levels of public food donations fell, a food supply arrangement was urgently required. Transformation CPR now has a NISA purchasing arrangement in place.

The cost of providing food for the community increased from £6,000 in 2022 to almost £100,000 in 2023. Transformation CPR'S reserves position protected essential services from unnecessary financial pressure.

Despite this huge increase in service costs, the Charity was fortunate again to be in receipt of generous donor and funder contributions which greatly reduced the forecast in-year deficit to only 4%. Transformation CPR continues to explore options for investment to safeguard the future financial interests of the charity.

FINANCIAL PLANNING

The charity forecasts income from donor and grant funder sources based on conservative estimates (given the prevailing harsh economic climate).

Annually, in Q1/2 following financial year-end (31st December) the Leadership Team meet with the Board of Trustees to review final accounts, financial forecasts for the year ahead and the Charity's fundraising plans.

Transformation CPR's Finance and Charity Committee (introduced in 2023) lends additional scrutiny to the financial planning process.

Reserves amount will be recommended by the Charity's Finance and Charity Committee and agreed by the Board of Trustees in 2024.

Principal funding sources

Throughout 2023 the Charity continued to receive substantial income from donors, partners and funders including (figures have been rounded):

Page 5

TRANSFORMATION CPR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Notably, the following grant funds were secured/utilised during 2023:

NHS Health Inequalities Programme

£66,969 first quarterly payment of a 3-year award to deliver the Community Health and Wellbeing Worker programme.

Garfield Weston Foundation

£30,000 for core costs.

Cornwall Community Foundation

The Charity completed the third year of a 3-year award of £20,000 per annum towards salary costs (Service Manager). £15,000 accrued from 2022 to complete this project.

NHS Cornwall & Isles of Scilly

£20,000 toward the development of the Community Hub - including space, salaries, resources and refreshments.

The Headley Trust (Sainsbury's Family Charitable Foundation)

£10,000 award towards food costs

National Lottery - Awards for All England

£10,000 award towards food costs

NatWest

£5,000 award unrestricted for charitable costs associated with supporting households through the cost-of-living crisis.

February Foundation

£4,180 accrual from a £5,000 award in 2022 was utilised for core staff costs.

J S Williams

The Charity entered the fourth year of a 5-year award of £5,000 per annum towards salary costs (Business Manager).

ACTS 435 Crisis Funding

£5,860 in crisis funding income was received.

Cornwall Community Foundation - Crisis Funding

£11,000 in crisis funding income was received.

Investment policy and objectives

2023 was a further year of growth and expansion in Transformation CPR's operational activities:

As a result of these developments, the Charity continued to invest in resources and assets to support greater numbers of the community, with a broader service offering:

In 2023 two new Committees were introduced to provide scrutiny and support the work of the board:

Page 6

TRANSFORMATION CPR

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2023

Further capacity building was identified by the Board of Trustees as a matter of urgency and further Board expansion is planned for 2024.

In 2023 several new roles were introduced to support the introduction of new services and strengthen the administrative function of the charity:

As the Charity continues to embed a growing team and systemise ways of working, plans to focus on investment and legal form (transition to CIO) have been delayed until 2024.

A description of the principal risks facing the charity

The primary risks faced by Transformation CPR in 2023 and beyond are:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a constitution, and constitutes an unincorporated charity.

In 2023 no Board Members were recruited.

Two Trustees left the board through retirement and relocation.

Anna Corbett left the Board to take up post as Chief Executive Officer within the Charity's leadership team.

Jonathan Nankivell was elected Chair of the Board of Trustees at our 2023 AGM.

Cat Allen was elected to Vice Chair at the same meeting.

Finance and Charity Committee:

Chair - Paul Roskrow Vice Chair - Jonathan Nankivell

Safeguarding and Governance Committee:

Chair - Tracey Hunt Vice Chair - Barbara Ellenbroek

Page 7

TRANSFORMATION CPR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Policies and procedures adopted for the induction and training of trustees

Each new Trustee is supported by existing Trustees and the staff team with familiarisation and introduction to the charity.

New Trustees are typically introduced during an informal Board Meeting in which they meet other Trustees and began building relationships within the team.

All Trustees are invited to attend formal Board meetings thereafter.

Safeguarding training is available to all new Trustees.

The charity's organisational structure and any wider network with which the charity works

2023 concluded with five Transformation CPR Trustees in post.

Throughout the year a Leadership Team comprising Chief Executive Officer, Service Delivery and Business Manager met to review operational performance.

The Service Manager line manages the following staff within the charity:

The Business Manager line manages the following staff within the charity: - Business Support Officer

The staff team meet quarterly to review warehouse operations, discuss operational issues and share best practice.

Volunteers are supported by the staff team during their volunteering sessions.

The charity works locally within the following networks:

The charity works nationally within the Independent Food Aid Network.

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRANSFORMATION CPR

I report to the trustees on my examination of the financial statements Transformation CPR (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

James Pearce FCA TC Group The Old Carriage Works Moresk Road Truro Cornwall TR1 1DG

17 October 2024 Date: .............................................

Page 10

TRANSFORMATION CPR

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
165,878
Investment income
3
2,412
Other income
610
Total
168,900
EXPENDITURE ON
Raising funds
8,200
Charitable activities
Charitable Activities
197,537
Total
205,737
NET INCOME/(EXPENDITURE)
(36,837)
RECONCILIATION OF FUNDS
Total funds brought forward
302,594
TOTAL FUNDS CARRIED FORWARD
265,757		 Restricted
funds
£
185,506
-
-
185,506
-
131,929
131,929
53,577
70,525
124,102		 2023
Total
funds
£
351,384
2,412
610
354,406
8,200
329,466
337,666
16,740
373,119
389,859		 2022
Total
funds
£
191,378
-
4,073
195,451
4,100
171,024
175,124
20,327
352,792
373,119

The notes form part of these financial statements

Page 11

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank andinhand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTALFUNDS
Notes
7
8
9
II
Unrestricted
funds
£
26,193
412
248,371
248,783
(9,217)
239,566
265,759
265,759		 Restricted
funds
£
28,038
30,450
75,612
106,062
(10,000)
96,062
124,100
124,100		 2023
Total
funds
£
54,231
30,862
323,983
354,845
(19,217)
335,628
389,859
389,859
265,759
124,100
389,859		 2022
Total
funds
£
53,991
4,293
336,856
341,149
(19,160)
319,128
373,119
373,119
302,594
70,525
373,119

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Charitable activities

Charitable activities include all expenditure associated with supporting the charitable work.

Governance costs

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in oder to write off each asset over its estimated useful life.

Plant & Machinery, etc. 10% straight line

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 13

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Cornwall Community Fund – multi year award
JS Williams
Cornwall Council
Acts 435
The National Lottery Community Fund
Cornwall Community Foundation - Other grants
Devon Community Foundation
NHS Cornwall & Isles of Scilly Integrated Care Board
February Foundation
The Grocers Charity
Lord Barnby Foundation
Volunteer Cornwall
Lidl
Natwest Group plc
Garfield Weston Foundation
TK Maxx and Homesense Foundation
The Headley Trust
3.
INVESTMENT INCOME
Deposit account interest		 2023
£
147,640
6,238
197,506
351,384
2023
£
13,333
5,000
-
6,334
27,315
12,500
-
20,000
-
-
-
66,969
555
5,000
30,000
500
10,000
197,506
2023
£
2,412		 2022
£
111,546
264
79,568
191,378
2022
£
20,000
7,500
1,400
7,506
-
26,500
2,662
5,000
5,000
2,000
2,000
-
-
-
-
-
-
79,568
2022
£
-

continued...

Page 14

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

4. SUPPORT COSTS

SUPPORT COSTS
Governance
Management costs Totals
£ £ £
Charitable Activities 46,689 18,159 64,848

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
122,379
Other income
-
Total
122,379
EXPENDITURE ON
Raising funds
4,100
Charitable activities
Charitable Activities
122,578
Total
126,678
NET INCOME/(EXPENDITURE)
(4,299)
Transfers between funds
(56)
Net movement in funds
(4,355)
RECONCILIATION OF FUNDS
Total funds brought forward
306,947
TOTAL FUNDS CARRIED FORWARD
302,592		 Restricted
funds
£
68,999
4,073
73,072
-
48,446
48,446
24,626
56
24,682
45,845
70,527		 Total
funds
£
191,378
4,073
195,451
4,100
171,024
175,124
20,327
-
20,327
352,792
373,119

Page 15

continued...

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

7. TANGIBLE FIXED ASSETS

Short
Plant and
leasehold
machinery
£
£
COST
At 1 January 2023
3,412
31,146
Additions
-
-
At 31 December 2023
3,412
31,146
DEPRECIATION
At 1 January 2023
683
18,412
Charge for year
341
3,115
At 31 December 2023
1,024
21,527
NET BOOK VALUE
At 31 December 2023
2,388
9,619
At 31 December 2022
2,729
12,734
Motor
Computer
vehicles
equipment
£
£
COST
At 1 January 2023
29,622
6,843
Additions
-
4,711
At 31 December 2023
29,622
11,554
DEPRECIATION
At 1 January 2023
5,924
1,021
Charge for year
2,963
1,155
At 31 December 2023
8,887
2,176
NET BOOK VALUE
At 31 December 2023
20,735
9,378
At 31 December 2022
23,698
5,822
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Accrued income
30,450
Prepayments
412
30,862		 Fixtures
and
fittings
£
10,441
4,608
15,049
1,433
1,505
2,938
12,111
9,008
Totals
£
81,464
9,319
90,783
27,473
9,079
36,552
54,231
53,991
2022
£
4,111
182
4,293

Page 16

continued...

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors		 2023
£
5,257
13,960
19,217		 2022
£
3,721
15,439
19,160

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Fixed Asset Reserve - Unrestricted
Restricted funds
Fixed Asset Reserve - Restricted
Cornwall Community Foundation - Multi
year award
Act 435
Cornwall Community Foundation - Crisis
funding
Jen Loved Crisis Fund
NHS Cornwall & Isles of Scilly
February Foundation
Volunteer Cornwall - CHWW
Garfield Weston Foundation
The National Lottery Community Fund -
Cost of Living
TOTAL FUNDS		 At 1/1/23
£
280,756
21,838
302,594
32,153
15,000
(750)
6,189
8,921
4,832
4,180
-
-
-
70,525
373,119		 Net
movement
in funds
£
(31,872)
(4,963)
(36,835)
(4,115)
(15,000)
(1,695)
(1,362)
(3,645)
2,270
(4,180)
65,206
13,892
2,204
53,575
16,740		 Transfers
between
funds
£
(9,319)
9,319
-
-
-
-
-
-
-
-
-
-
-
-
-		 At
31/12/23
£
239,565
26,194
265,759
28,038
-
(2,445)
4,827
5,276
7,102
-
65,206
13,892
2,204
124,100
389,859

continued...

Page 17

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Asset Reserve - Unrestricted
Restricted funds
Fixed Asset Reserve - Restricted
Cornwall Community Foundation - Multi
year award
Act 435
Cornwall Community Foundation - Crisis
funding
Jen Loved Crisis Fund
NHS Cornwall & Isles of Scilly
February Foundation
Lidl - via Neighbourly
Volunteer Cornwall - CHWW
Garfield Weston Foundation
The Headley Trust
The National Lottery Community Fund -
Cost of Living
TOTAL FUNDS		 Incoming
resources
£
168,900
-
168,900
-
13,333
6,334
11,001
-
20,000
-
555
66,968
30,000
10,000
27,315
185,506
354,406		 Resources
Movement
expended
in funds
£
£
(200,772)
(31,872)
(4,963)
(4,963)
(205,735)
(36,835)
(4,115)
(4,115)
(28,333)
(15,000)
(8,029)
(1,695)
(12,363)
(1,362)
(3,645)
(3,645)
(17,730)
2,270
(4,180)
(4,180)
(555)
-
(1,762)
65,206
(16,108)
13,892
(10,000)
-
(25,111)
2,204
(131,931)
53,575
(337,666)
16,740

continued...

Page 18

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed Asset Reserve - Unrestricted
Restricted funds
Fixed Asset Reserve - Restricted
Cornwall Community Foundation - Multi
year award
Act 435
Cornwall Council
Cornwall Community Foundation - Crisis
funding
Jen Loved Crisis Fund
Devon Community Foundation
NHS Cornwall & Isles of Scilly
February Foundation
TOTAL FUNDS		 At 1/1/22
£
291,107
15,840
306,947
36,269
-
-
-
655
8,921
-
-
-
45,845
352,792		 Net
movement
in funds
£
(266)
(4,031)
(4,297)
(4,116)
15,000
(750)
(46)
5,534
-
(10)
4,832
4,180
24,624
20,327		 Transfers
between
funds
£
(10,085)
10,029
(56)
-
-
-
46
-
-
10
-
-
56
-		 At
31/12/22
£
280,756
21,838
302,594
32,153
15,000
(750)
-
6,189
8,921
-
4,832
4,180
70,525
373,119

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Asset Reserve - Unrestricted
Restricted funds
Fixed Asset Reserve - Restricted
Cornwall Community Foundation - Multi
year award
Act 435
Cornwall Council
Cornwall Community Foundation - Crisis
funding
Treverbyn Community
Jen Loved Crisis Fund
Devon Community Foundation
NHS Cornwall & Isles of Scilly
February Foundation
TOTAL FUNDS		 Incoming
resources
£
122,379
-
122,379
-
20,000
7,506
1,400
26,500
4,073
930
2,662
5,000
5,001
73,072
195,451		 Resources
Movement
expended
in funds
£
£
(122,645)
(266)
(4,031)
(4,031)
(126,676)
(4,297)
(4,116)
(4,116)
(5,000)
15,000
(8,256)
(750)
(1,446)
(46)
(20,966)
5,534
(4,073)
-
(930)
-
(2,672)
(10)
(168)
4,832
(821)
4,180
(48,448)
24,624
(175,124)
20,327

continued...

Page 19

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Fixed Asset Reserve - Unrestricted
Restricted funds
Fixed Asset Reserve - Restricted
Act 435
Cornwall Council
Cornwall Community Foundation - Crisis
funding
Jen Loved Crisis Fund
Devon Community Foundation
NHS Cornwall & Isles of Scilly
Volunteer Cornwall - CHWW
Garfield Weston Foundation
The National Lottery Community Fund -
Cost of Living
TOTAL FUNDS		 At 1/1/22
£
291,107
15,840
306,947
36,269
-
-
655
8,921
-
-
-
-
-
45,845
352,792		 Net
movement
in funds
£
(32,138)
(8,994)
(41,132)
(8,231)
(2,445)
(46)
4,172
(3,645)
(10)
7,102
65,206
13,892
2,204
78,199
37,067		 Transfers
between
funds
£
(19,404)
19,348
(56)
-
-
46
-
-
10
-
-
-
-
56
-		 At
31/12/23
£
239,565
26,194
265,759
28,038
(2,445)
-
4,827
5,276
-
7,102
65,206
13,892
2,204
124,100
389,859

continued...

Page 20

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fixed Asset Reserve - Unrestricted
Restricted funds
Fixed Asset Reserve - Restricted
Cornwall Community Foundation - Multi
year award
Act 435
Cornwall Council
Cornwall Community Foundation - Crisis
funding
Treverbyn Community
Jen Loved Crisis Fund
Devon Community Foundation
NHS Cornwall & Isles of Scilly
February Foundation
Lidl - via Neighbourly
Volunteer Cornwall - CHWW
Garfield Weston Foundation
The Headley Trust
The National Lottery Community Fund -
Cost of Living
TOTAL FUNDS		 Incoming
resources
£
291,279
-
291,279
-
33,333
13,840
1,400
37,501
4,073
930
2,662
25,000
5,001
555
66,968
30,000
10,000
27,315
258,578
549,857		 Resources
Movement
expended
in funds
£
£
(323,417)
(32,138)
(8,994)
(8,994)
(332,411)
(41,132)
(8,231)
(8,231)
(33,333)
-
(16,285)
(2,445)
(1,446)
(46)
(33,329)
4,172
(4,073)
-
(4,575)
(3,645)
(2,672)
(10)
(17,898)
7,102
(5,001)
-
(555)
-
(1,762)
65,206
(16,108)
13,892
(10,000)
-
(25,111)
2,204
(180,379)
78,199
(512,790)
38,404

Restricted funds

continued...

Page 21

TRANSFORMATION CPR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

Transfers between funds

The amount of £56 has been reclassified as a donation in the prior year and has been transferred from restricted to unrestricted funds.

11. RELATED PARTY DISCLOSURES

A Trustee loaned the charity £2,000 to fund the deposit of a new vehicle in a prior year. This was repaid in full during the prior year.

Page 22

TRANSFORMATION CPR

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Investment income
Deposit account interest
Other income
Other income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Charitable activities
Wages
Motor expenses
Gifts and donations
Short leasehold
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
Service costs
Crisis grants
Support costs
Management
Insurance
Light and heat
Telephone
Postage and stationery
Subscriptions
Sundries
IT costs
Establishment costs
Governance costs
Accountancy
Carried forward		 2023
£
147,640
6,238
197,506
351,384
2,412
610
354,406
8,200
130,807
2,304
704
341
3,114
1,505
2,962
1,156
97,688
24,037
264,618
1,711
11,343
3,075
3,886
493
3,008
1,627
21,546
46,689
3,000
3,000		 2022
£
111,546
264
79,568
191,378
-
4,073
195,451
4,100
72,781
2,227
1,929
341
3,115
1,044
2,962
685
17,885
30,152
133,121
522
2,737
2,386
1,165
-
992
12
19,043
26,857
1,584
1,584

This page does not form part of the statutory financial statements

Page 23

TRANSFORMATION CPR

Governance costs
Brought forward
Legal fees
Total resources expended
Net income		 DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023		 2023
£
3,000
15,159
18,159
337,666
16,740		 2022
£
1,584
9,462
11,046
175,124
20,327

This page does not form part of the statutory financial statements

Page 24