Trustees’ Annual Report for the period
From: 01/08/24 Period start date To: 31/07/25 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 inclusionamongst 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 |
This period has witnessed the charity’s focus upon a very suitable site in Plymouth, leading to scoping, design and costing work, and full preparation of a Planning Pre Application. All this has been achieved prior to submission of a purchase offer; the site in question is designated as an Asset of Community Value which has prevented the charity from submitting a formal purchase offer until early September 2025. |
| Statement confirming whether the trustees have |
Para 1.18 | Mindful of the Trustees’ duty to protect the charity’s obligation towardspublic benefit,we |
had regard to the guidance issued by the Charity Commission on public benefit
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 the charity has been striving to achieve the very basis for the Equinox intergenerational project, namely a suitable building. This is a prerequisite for the conduct of the Project, and until this can be achieved the charity’s work cannot commence. |
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 | The charity has been extremely fortunate to receive continued grant support from The Kirby Laing Foundation (KLF), and its pledge to cover the cost of the above mentioned site purchase. |
| 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 charity has sufficient funds (and a pledge) to enable it to purchase the proposed site, but the availability of funds to cover the gap between the cost of construction and the value of the Project is currentlyunconfirmed. This is work inprogress. |
| 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 | The charity continues to enjoy the support of the KLF that enables it to purchase the site in question. Once secured it is envisaged that the charity will be operating in partnership with an Investment Fund who will own, fund and operate the business. At the end of this period it is apparent that the envisaged gap between Cost and Value has widened substantially due to the current economic climate. The charity has sought professional fundraising advice, and is currentlylookingfor ways to fill thisgap. |
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, the charity has 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 | As detailed above the charity faces the risk of not being able to raise sufficient funds to fill the gap between Cost and Value. The quest to acquire these funds is ongoing at the end of thisperiod. |
| 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(if any) |
|---|---|---|---|---|
| Prof Terence Lewis MBE FRCS |
Chairman | Trustees | ||
| Stephen Tillman BEng, MSc , CEng, MIStructE, MICE |
Trustees | |||
| Denis Wilkins MD FRCS |
Trustees | |||
| Laura Bowater MBE |
April 2025 | Trustees | ||
| Neah Boniface | April 2025 | 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 |
||
| 20th August 2025 | ||
| 20th August 2025 |
| Charity Name | No (if any) | No (if any) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Project Equinox | 1159116 | ||||||||
| Receipts andpayments accounts | CC16a | ||||||||
| 01/08/2024 Period start date For the period from ~~ee ~~ |
31/07/2025 Period end date ~~ee~~ |
||||||||
| Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||||
| A1 Receipts | |||||||||
| KirbyLaingFoundation | 250,000 | 250,000 | |||||||
| - | - | - | |||||||
| - | - | - | |||||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for | (Gross income for | ||||||||
| AR) | AR)250,000 | - | - | 250,000 | - | ||||
| A2 Asset and investment sales, (see table). - - - - - - - - - ~~Sub total~~ - - - - A3 Payments ~~=Se55=~~ |
| A3 Payments | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Bank charges | 62 | 62 | 54 | ||||||
| Consultant fee for Coordinator | 6,550 | 6,550 | 4,150 | ||||||
| Expenses | 432 | 432 | 9 | ||||||
| Trustee indemnityinsurance | 1,069 | 1,069 | 1,069 | ||||||
| IT | 959 | 959 | 156 | ||||||
| Events | 432 | 432 | |||||||
| Brawn Consultancy | 7,500 | 7,500 | |||||||
| Howells Architects | 12,000 | 12,000 | |||||||
| Scan Tech Digital Ltd | 11,310 | 11,310 | |||||||
| Atticus Planning | 3,000 | 3,000 | |||||||
| Francis Clark VAT Consultant | 1,800 | 1,800 | |||||||
| DJ Ratcliffe,Heritage | 150 | 150 | |||||||
| Abbotswood Accountancy22-23 & 23-24 | 1,056 | 1,056 | |||||||
| **Sub total ** | 46,320 | 46,320 | 5,437 |
Sub total [ 46,320 ] 46,320 5,437 A4 Asset and investment purchases, (see table) - - - - - - - - Sub total [ - ] - - - - ~~—~~ Total payments ~~————~~ [ 46,320 ] 5,437 Net of receipts/(payments) 250,000 5,437 A5 Transfers between funds A6 Cash funds last year end 19,898 19,898 Cash funds this year end_ ~~===>~~ 223,578 19,898
CCXX R1 accounts (SS)
30/10/2025
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 £ 223,578 - - - 223,578 - 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 £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| Original signed | TERENCE LEWIS MBE | 20-Aug-25 | |
CCXX R2 accounts (SS)
30/10/2025
2
- Project Equinox Year end 31st July 2025
Charity Accounts
Charity Information
Company Number CE003218 Charity Number 1159116 Registered address Trevear House Old County Court Alverton Terrace Penzance TR18 4GH
List of Trustees Chairman : Prof. Christopher Terence Lewis Trustees: Laura Bowater Neah Jayne Boniface Major General Richard John Cantrill Stephen Tillman Denis Wilkins
Trustee's report
Herewith the financial accounts and report for the year ending 31st of July 2025, as prepared for the trustees to enable the necessary reporting to the Charities Commission.
Approved by
…..................................................
date …......... Prof C T Lewis Chairman
Surplus & Deficit
| Donations | 2025 £ 250,000.00 |
2024 £ - |
||
|---|---|---|---|---|
| Accountancy fees | (1,056.00) | - | ||
| Bank charges | (56.00) | (54.00) | ||
| Conferences | (432.00) | - | ||
| Equipment expensed | (550.00) | - | ||
| Insurance | (1,069.00) | (1,069.00) | ||
| Management fees | (6,556.00) | (4,150.00) | ||
| Other Legal and Prof | (35,760.00) | - | ||
| Postage | - | (9.00) | ||
| Software | (196.00) | (156.00) | ||
| Stationery and printing | (55.00) | - | ||
| Travel and subsistence | (377.00) | - | ||
| Website costs | (213.00) | - | ||
| (46,320.00) | (5,437.00) | |||
| 203,680.00 | (5,437.00) |
Statement of Financial Position
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|---|---|---|---|
|2025|2024|
|£|£|
|Bank|Current account|223,578|19,898|
|223,578|19,898|
|Net assets|223,578|19,898|
|£|£|
|Reserves|Brought forward|19,898|25,335|
|Surplus/ (Deficit)|203,680|(5,437)|
|223,578|19,898|
|Total funds|223,578|19,898|
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