## **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 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|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)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||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
**----- Start of picture text -----**
|||||
|---|---|---|---|
|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|
**----- End of picture text -----**