## **Trustees’ Annual Report for the period**
## **From: 01/08/23 Period start date To: 31/07/24 Period end date**
## **Charity name: Project Equinox**
## **Charity registration number: 1159116**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|•
**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 The University
of Plymouth, and…….
•
**To advance education**, in particular,
but without prejudice to the generality
of the foregoing:-
o 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.|
|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.|Para 1.17 and
1.19|Following the disappointment of a highly
suitable site falling out of our reach in the
previous period, this period has been spent in
the resumed search for an alternative. Several
promising sites have been identified, and
assessed for feasibility. Some have been sites
for demolition of an existing building, followed
by a bespoke build, and some have been
existing buildings for renovation, and
conversion to Project Equinox specifications.
This process has taken a huge amount of time
and effort,andprogress has been frustratingly|
|||slow. The end of the period witnessed us again
being runners up in our pitch to acquire two
ideal sites in succession.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Mindful of the Trustees’ duty to protect the
charity’s obligation towards public benefit, we
can report that this obligation remains
irrelevant at this point.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|Not applicable.|
|Policy on social investment
including program related
investment|Para 1.38|Not applicable.|
|Contribution made by
volunteers|Para 1.38|Not applicable at this stage|
|Other|||
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|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.|Para 1.20|As detailed above, this charity remains in the
position of seeking out and securing a suitable
site for this long awaited Project. For three
years in succession we have come close to
securing such sites, only to be thwarted at the
eleventh hour, each time. Another year has
been spent seeking this elusive site, but
although time has been wasted, we have
advanced substantially in terms of the input of
specialist Trustee expertise, and assistance.
This has led to the provision of pro bono
architectural expertise and advice, enabling us
to compete (for a site) more realistically. We
have therefore not wasted any funds in this
regard, during this period.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41|Not applicable.|
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|Not applicable.|
|---|---|---|
|Investment performance
against objectives|Para 1.41|Not applicable.|
|Other||Not applicable.|
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of the period the Project retains
sufficient funds to enable it continue with its
quest, with more pledged funds available as
and when required.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Not applicable at this stage.|
|Amount of reserves held|Para 1.22|Nil.|
|Reasons for holding zero
reserves|Para 1.22|Not applicable.|
|Details of fund materially in
deficit|Para 1.24|Not applicable.|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties about the Project’s
financial viability. We are most fortunate to
have enjoyed the continued support of The
Kirby Laing Foundation (KLF) that has funded
our work and pledged to support us when we
are in a position to secure a site. When we do
secure a site we will be operating in
partnership with a major Housing Association
who will own,fund and operate the business.|
|**Additional information (optional)**
You may choose to include further statements||where relevant about:|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|As stated elsewhere, we have been supported
throughout by the generosity of the KLF.|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Not applicable.|
|A description of the principal
risks facing the charity|Para 1.46|Not applicable.|
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution.|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Project Equinox is a CIO.|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|With the advice and concurrence of Trustees
the Chairman appoints Trustees according to
their background, professional and specialist
experience.|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Not applicable.|
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|Not applicable.|
|Relationship with any
related parties|Para 1.51|Not applicable.|
|Other||Not applicable.|
## **Reference and Administrative details**
|Charity name|Project Equinox|
|---|---|
|Other name the charity uses||
|Registered charity number|1159116|
|Charity’s principal address|Project Equinox, c/o Abbotswood Taxation & Accountancy
Services, Trevear House, Old County Court, Alverton Terrace,
PENZANCE, TR18 4GH|
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Prof Terence Lewis
MBE FRCS|Chairman||Trustees|
||Stephen Tillman
BEng, MSc , CEng,
MIStructE, MICE|||Trustees|
||Denis Wilkins MD
FRCS|||Trustees|
||Peter GirlingMBE||Since Oct 2022|Trustees|
||Chris Phillips||Since Oct 2022|Trustees|
||Major General
Richard Cantrill
OBE MC RM||Since Feb 2023|Trustees|
– Corporate trustees names of the directors at the date the report was approved
**Director name NOT APPLICABLE**
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
||||
||||
||**NOT APPLICABLE**||
||||
||||
||||
## **Funds held as custodian trustees on behalf of others**
Description of the assets Not applicable. held in this capacity Name and objects of the Not applicable. charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable. safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
John Pentreath, Project Coordinator (paid on a consultancy basis).
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
Not applicable.
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|
_Original signed_||
|---|---|---|
||
CT Lewis||
||
Chairman||
||16thOctober 2024||
||16thOctober 2024||
**Charity Name No (if any) Project Equinox 1159116 Receipts and payments accounts CC16a For the period** Period start date Period end date **from** 01/08/2023 31/07/2024
**Section A Receipts and payments Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ A1 Receipts - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -** _**Sub total** (Gross income for AR)_ **[ - ] - - - - A2 Asset and investment sales, (see table). - - - - - - - - -** ~~_**Sub total**_~~ **-** ~~————_—~~ **A3 Payments** Bank charges **54 54** Consultant fee for Coordinator **4,150 4,150** Expenses **9 9** Trustee indemnity **1,069 1,069** Zoom / IT **156 156** Website renewal Abbotswood Accountancy fee _**Sub total**_ **[ 5,437 ] 5,437** ~~=—=====~~ **A4 Asset and investment purchases, (see table) - - - - - - - -** _**Sub total**_ **[ - ] - - - -** ~~—~~ _**Total payments**_ ~~————~~ **[ 5,437 ]** _**Net of receipts/(payments)**_ **5,437 A5 Transfers between funds A6 Cash funds last year end 25,335** _**Cash funds this year end**_ ~~SS]~~ **19,898** ~~==~~
CCXX R1 accounts (SS)
16/10/2024
1
|**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
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
Original signed
**Details**
**Details**
Bank Account
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**19,898**
**-**
**-**
**-**
**19,898**
**-**
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 £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
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||||**Current value**
**(optional)**|
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**(optional)**|
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**(optional)**|
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||||Date of
approval|
||Original signed|TERENCE LEWIS MBE|16-Oct-24|
|||||
CCXX R2 accounts (SS)
16/10/2024
2