2022-07-31-accounts - Project Equinox

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Trustees' Annual Report for the period
Period start date Period end date
01 08 2021 31 07 2022
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From To Section A Reference and administration details Charity name Project Equinox Other names charity is known by Registered charity number (if any) 1159116 Charity's principal address Project Equinox, c/o Abbotswood Taxation & Accountancy Services, Trevear House, Old County Court, Alverton Terrace, PENZANCE. Postcode TR18 4GH

Section A Reference and administration details

Names of the charity trustees who manage the charity

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Dates acted Name of person (or body)
Trustee name Office (if any) if not for entitled to appoint trustee
whole year (if any)
Terence Lewis Chairman, Equinox
MBE FRCS
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

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Name Dates acted if not for whole year
Cdr (retd) Charles Crichton, OBE RN
Maj Gen (retd) Nicholas Vaux, CB DSO RM
Stephen Tillman BEng, MSc, CEng, MIStructE, MICE
Denis Wilkins, MD FRCS
Names and addresses of advisers (Optional information)
Type of adviser Name Address
nil
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Name of chief executive or names of senior staff members (Optional information)

John Pentreath, Project Coordinator

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution

(eg. trust deed, constitution)

How the charity is[Charitable Incorporated Organisation (CIO)]

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TAR

constituted

(eg. trust, association, company)

Trustee selection methods

Appointed by Trustees

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;

The charity remains linked to the University of Plymouth, but has been financially independent of it since Nov 2016. We continue to work in close cooperation with the Peninsula Medical School. We have potential partnerships with two major Housing Associations, but neither can be developed until we have secured a suitable site.

the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To promote social inclusion amongst people at risk of social exclusion by reason of their age, disability, ill health or financial hardship, in particular, amongst veterans of the Armed Forces (or of the Merchant Navy who have served in British Military operations), by the provision of long term housing for such persons and opportunities for activities and interaction with persons of a different demographic, in particular, students from Plymouth University; and…….
To advance education , in particular, but without prejudice to the generality of the foregoing:-
by enabling students to develop skills and experience relevant to their studies; and……
by publishing the results of research with a view to informing and enhancing good practice in meeting the needs of persons in charitable need.

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During this period some of the issues resulting from our Summary of the main extensive Pre-Planning Application (in the previous period) activities undertaken for resulted in the LPA’s decision not to allow a Full Planning the public benefit in Application for our intended site, unless it was part of an relation to these objects Application for the vendor’s wider site. As the vendor was not, (include within this and is not, ready to apply on this basis, our plans for our section the statutory intended site were rendered infeasible. Faced with the likelihood declaration that trustees of an unacceptable delay (that could last for several years) the have had regard to the Project has therefore resumed the search for an alternative site, guidance issued by the with some promising results. Charity Commission on public benefit) Mindful of the Trustees’ duty to protect the charity’s obligation towards public benefit, we can report that this obligation remains irrelevant. Additional details of objectives and activities (Optional information) You may choose to include The Board of Trustees remain unpaid volunteers. further statements, where relevant, about:  policy on grantmaking;  policy programme related investment;  contribution made by volunteers. Section D Achievements and performance As explained above the period has been filled with the Summary of the main achievements of the consequences, beyond our control, of being unable to progress charity during the year with our intended site acquisition, and the need to find an alternative. At the close of this period there is some hope that a suitable alternative site may be available. Section E Financial review n/a Brief statement of the charity’s policy on reserves Details of any funds n/a materially in deficit Further financial review details (Optional information)

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You may choose to include additional information, where relevant about:

Our progress throughout has only been possible due to the continued generous financial support of The Kirby Laing Foundation.

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Original signed Full name(s) Christopher Terence Lewis MBE FRCS Position (eg Secretary, Chairman, Project Equinox Chair, etc) Date Sep 2022

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	Charity Name Project Equinox	Charity Name Project Equinox	Charity Name Project Equinox	No (if any) 1159116	CC16a
	For the period from	Period start date 01/08/2021		Period end date 31/07/2022

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ - - - - - - - - - 47 5,849 635 253 1,039 600 144 528 9,095 - - - 9,095 - 9,095 - 42,018 32,923	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ - - - - - - - - -	Last year to the nearest £

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*Sub total*(Gross income for AR)	-

A2 Asset and investment sales, (see table).
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~~*Sub total*~~					-
*Total receipts* A3 Payments
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				47 5,849 635 253 1,039 600 144 528 9,095 - - -
Bank charges	47				-
Consultant fee for Coordinator	5,849				-
Architect fee	635				-
Consultant expenses	253				-
Trustee indemnity	1,039				-
Savills consultant fee	600				-
Website server / Zoom / IT	144				-
Abbotswood Accountancyfee	528				-
**Sub total **	9,095

A4 Asset and investment purchases, (see table)
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**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*


	- 9,095	-	-
	-	-	-	-	-
	42,018	-	-
	32,923	-	-

CCXX R1 accounts (SS)

15/10/2022

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Bank Account Details Details Details Signature (original signed)	Unrestricted funds Restricted funds to nearest £ to nearest £ 32,923 - - - 32,923 - ok OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name TERENCE LEWIS MBE	Endowment funds to nearest £
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			OK
			Endowment funds to nearest £
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			Current value (optional)
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			Current value (optional)
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			When due (optional)






			Date of approval
	(original signed)	TERENCE LEWIS MBE

CCXX R2 accounts (SS)

15/10/2022