2021-01-31-accounts

				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Trustees' report				2-6
Independent auditors'	report	on the financial statements		7-10
Statement offinancial	activities
Balance sheet				12
Statement ofcash flows				13
Notes to the financial	statements			14-26

Trustees			Mr BEvans
			Miss A Hage
			Mrs BWillmott
			Mr A Brown
			Miss E Johnson
			Mr J Masters
			Mr W Robertson
			Dr A Pearson (appointed		27 April 2020)
			Mr G Hooper (appointed		27 April 2020)
			Mr W Simpson	(appointed	27 July 2020)
			Dr W Thomas	(resigned 27 April 2020)
Company	registered
number			07489189
Charity registered
number			1163421
Registered		office	6 Fore Street
			Newquay
			Cornwall
			TR7 1LN
Independent		auditors	Bishop Fleming	LLP
			Chartered Accountants
			10Temple Back
			Bristol
			BS16FL
Bankers			Lloyds Bank Pic
			14 Molesworth	Street
			Wadebridge
			Cornwall
Solicitors			Osborne Clarke
			2 Temple Back	East
			Temple Quay
			Bristol

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2021 f	2021 F	2021	2020 F
Income from:
Donations and legacies			690,006	240,050	930,056	820,004
Charitable activities			4,210	239,413	243,623	57,833
Other trading activities				&3,544	83,544	100,978
Total income			694,216	563,007	1,257,223	978,815
Expenditure on:
Raising funds				37,391	37,391	39,190
Charitable activities			603,742	432„534	1,036,276	934,290
Total expenditure			603,742	469,925	1,073,667	973,480
Net movement in funds			90,474	93,082	183,556	5,335
Reconciliation offunds:
Total funds brought	forward		223,585	35,687	259,272	253,937
Net movement in funds			90,474	93,082	183,556	5,335
Total funds carried forward			314,059	128,769	442,828	259,272

				2021		2020
		Note				E
Fixed assets
Intangible assets		11		11,875
Tangible assets		12		74,957		70,430
				86,&32		70,430
Current assets
Stocks			10,654		14,266
Debtors		13	18,523		61,918
Cash at bank and	in hand		386,254		175,159
			415,431		251,343
Creditors: amounts	falling due within one
year		14	(59,435)		(62,501)
Net current assets				355,996		188,842
Total net assets				442,828		259,272
Charity funds
Restricted funds		15		314,059		223,585
Unrestricted funds		15		128,769		35,687
Total funds				442,828		259,272

					2021f	2020 E
Cash flows from operating		activities
Net cash	used in operating	activities			280,263	29,390
Cash flows from investing		activities
Purchase	of intangible assets				(11,875)
Purchase	oftangible fixed assets				(57,293)	(62,720)
Net cash	used in investing	activities			(69,168)	(62,720)
Cash flows from financing		activities
Net cash	provided by financing activities
Change	in cash and cash	equivalents	in	the year	211,095	(33,330)
Cash and	cash equivalents	at the beginning		ofthe year	175,159	208,489
Cash and cash equivalents		at the end	of	the year	386,254	175,159

Freehold property	Not depreciated	Not depreciated
Plant and machinery	25% per annum	straight	line
Motor vehicles	20% per annum	straight	line
Fixtures and fittings	20% per annum	straight	line
Computer equipment	33% per annum	straight	line

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021f	2021	2020
Donations			165,940	165,940	168,863
Grants		565,206	74,110	639,316	651,141
Government	grants	124,800		124,800
		690,006	240,050	930,056	820,004
TOTAL 2020		606,268	213,736	820,004

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2021 f	2021 f	2021f	2020 E
Sales and services	4,210	230,645	234,855	33,079
Surf Club		8,768	8,768	24,754
	4,210	239,413	243,623	57,833
TOTAL 2020	4,204	53,629	57,833

Unrestricted	Total	Total
funds	funds	funds
2021	2021	2020
		F
83,544	83,544	100,978
100,978	100,978

					Activities
					undertaken	Support	Total	Total
					directly	costs	funds	funds
					2021	2021	2021	2020
								E
Costs of charitable		activities			675,459	360,817	1,036,276	934,290
TOTAL 2020					588,169	346,121	934,290
ANALYSIS	OF SUPPORT COSTS
							Total	Total
							funds	funds
							2021	2020
Staff costs							90,898	81,005
Depreciation							35,618	24,824
Legal and professional			fees				20,402	17,094
Premises costs							6&,694	79,561
IT							9,347	7,477
Training							7,094
Administration							105„428	101,541
Fundraising							612	14,900
Governance	costs						22,724	19,719
							360,817	346,121
AUDITORS'	REMUNERATION
							2021	2020
Fees payable	to the	Company's		auditor for	the audit ofthe Company's
annual accounts							10,200	10,656

				2021	2020
					F
Wages and	salaries			624,292	505,365
Social security costs				49,217	41,142
Contribution	to defined	contribution	pension schemes	11,557	8,432
				685,066	554,939

	2021	2020
	No.	No.
CEO	1	1
Administrators	5	5
Project managers	19	17
Project workers	2	2
	27	25

	Freehold	Plant and	Motor	Fixtures and
	property	machineryf	vehicles	fittings f.	Totalf
COST OR VALUATION
At 1 February 2020	5,716	51,558	38,444	70,786	166,504
Additions			19,194	38,098	57,292
Disposals			(23,234)		(23,234)
At 31 January 2021	5,716	51,558	34,404	108,884	200,562
DEPRECIATION
At 1 February 2020		33,951	9,129	52,994	96,074
Charge for the year		7,555	6,881	21,181	35,617
On disposals			(6,086)		(6,086)
At 31 January 2021		41,506	9,924	74,175	125,605
NET BOOK VALUE
At 31 January 2021	5,716	10,052	24,480	34,709	74,957
At 31 January 2020	5,716	17,607	29,315	17,792	70,430

		2021	2020
			F
DUE WITHIN	ONE YEAR
Trade debtors		2,952	4,579
Prepayments	and accrued income	15,571	57,339
		18,523	61,918

					2021	2020
						F
Trade	creditors				27,257	28,886
Other	taxation	and	social	security	15,369	15,500
Other	creditors				16,809	18,115
					59,435	62,501

		Balance at 1			Balance at
		February			31January
		2020	Income	Expenditure	2021
				f.
UNRESTRICTED FUNDS
General Funds		35,687	563,007	(469,925)	128,769
RESTRICTED FUNDS
Big Lottery		27,419	133,135	(85,815)	74,739
Wave Rangers - Sport England		43,966		(43,966)
Beach School - Comic Relief		1,683		(1,683)
North Yorkshire Council		7,328	20,100	(19,906)	7,522
The Henry Smith Foundation		11,459		(11,459)
Children in need		53,942	127,373	(85,521)	95,794
Morrisons		58		(58)
Laureaus - Sustainability	and City to Sea	24,377	101,142	(89,410)	36,109
North Devon		6,645	27,416	(27,214)	6,847
Brighton		2,687			2,687
Scotland		9,363	29,500	(29,201)	9,662
Tudor Trust		20,820	33,000	(30,287)	23,533
South Wales		13,838	20,500	(5,270)	29,068
Cornwall			18,500	(17,986)	514
London			5„000	(899)	4,101
Tynemouth			13,750	(7,929)	5,821
Foundation for Children			10,000	(5,517)	4,483
Barbara Ward Foundation			10,000	(2,500)	7,500
Buffini Chao Foundation			20,000	(14,321)	5,679
CJRS			124,800	(124,800)
		223,585	694,216	(603,742)	314,059
TOTAL OF FUNDS		259,272	1,257,223	(1,073,667)	442,828

15.	STATEMENT OF FUNDS (CONTINUED)	STATEMENT OF FUNDS (CONTINUED)	STATEMENT OF FUNDS (CONTINUED)
	STATEMENT OF FUNDS - PRIOR		YEAR
			Balance at				Balance at
			1 February 2019	Income	Expenditure	Transfers in/out	31 January 2020
			E				F
	UNRESTRICTED FUNDS
	General Funds		143,798	368,343	(473,969)	(2,485)	35,687
	RESTRICTED FUNDS
	Big Lottery		11,134	83,592	(67,307)		27,419
	Wave Rangers - Sport England		27,715	43,114	(26,863)		43,966
	Beach School - Comic Relief		15,930	34,472	(48,719)		1,683
	North Yorkshire Council		201	26,214	(19,087)		7,328
	The Henry Smith Foundation		12,038	30,000	(30,579)		11,459
	Children in need		14,196	120,838	(81,092)		53,942
	Morrisons		115		(57)		58
	Laureaus - Sustainability	and
	City to Sea		20,250	126,960	(122,999)	166	24,377
	North Devon			8,213	(1,568)		6,645
	Brighton			2,743	(56)		2,687
	Scotland			43,656	(44,293)	10,000	9,363
	Tudor Trust			33,000	(12,180)		20,820
	South Wales			15,721	(1,883)		13,838
	Morton Fraser		8,560			(8,560)
	Foundation for Children			11,950	(11,950)
	Barbara Ward Foundation			10,000	(10,000)
	Buffini Chao Foundation			20,000	(20,879)	879
			110,139	610,473	(499,512)	2,485	223,585
	TOTAL OF FUNDS		253,937	978,816	(973,481)		259,272

ANALYS	IS OF NET ASSETS BETWEEN F	UNDS -CURRENT PERIOD
		Restricted	Unrestricted	Total
		funds	funds	funds
		2021	2021	2021
			F
Tangible	fixed assets	33,059	41,898	74,957
Intangible	fixed assets		11,875	11,875
Current assets		281,000	134,431	415,431
Creditors	due within one year		(59,435)	(59,435)
TOTAL		314,059	128,769	442,828
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD
		Restricted	Unrestricted	Total
		funds	funds	funds
		2020	2020	2020
			f	E
Tangible	fixed assets	41,620	28,810	70,430
Current assets		181,965	69,378	251,343
Creditors	due within one year		(62,501)	(62,501)
TOTAL		223,585	35,687	259,272

			2021	2020
Net income for the period (as per Statement	of Financial	Activities)	183,556	5,335
ADJUSTMENTS FOR:
Depreciation charges			35,617	24,825
Loss on the sale offixed assets			17,149
Decrease/(increase) in stocks			3,612	(2,327)
Decrease/(increase) in debtors			43,395	(36,094)
Increase/(decrease) in creditors			(3,066)	37,651
NET CASH PROVIDED BYOPERATING ACTIVITIES			280,263	29,390

	2021	2020
Cash in hand	386,254	175,159
TOTAL CASH AND CASH EQUIVALENTS	386,254	175,159

						At 1		At 31
						February		January
						2020	Cash flows	2021
						F
Cash	at	bank	and	in	hand	175,159	211,095	386,254
						175,159	211,095	386,254

		2021	2020
Not later than 1 year		27,501	28,971
Later than	1 year and not later than 5years	95,418	95,000
Later than	5years	1,&75	24,375
		124,794	148,346