Charity regisiraiion number.. 1169556 Cornwater Evergreens Annual Report and Financial 8tatem¢nts for the Year Ended 31 March 2024 Comn)unily Accounling Plus Uniis l & 2 North West 41 TalLx)i Street Noitingham NGI 5GL
Cornwater Evergreens Contents (continued) Reference and Administrative Details Truste¢s' Report 2to6 Independent EXamineS Report Statement of Fii)ancial Activities Balance Sheet Notes to the Financial Ststements Ioto 19
Cornwater Evergreens Reference and Administrative Details Trustee5 Edward Johnstone Anne Marie Hurst Stuart Bestwick Sue Pickering Lucinda Rossiter Amy Fox Peier Dickson. CEO Senior Managtment Team Charity Registration Number 1169556 Principal Offjee 40 Wesi Gate Mansfield Noiiinghamshire NG18 IRS Independent Examiner John O'Brien. employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street NottingFhain NGI 5GL Page I
Cornwater Evergreens Trustees, Report The tiustees present the annua] report together with the financial statements of the charity for the year ended 31 March 2024. Truste¢5 and officers The trustees and officers serving during the year and since the year end were as folloivs.. Trustees.. Edward Johnstone Anne Marie Hurst Studrt Bestwick Sue Pickering Rev Claire Louise Melles5 (resigned I September 2023) Lucinda Rosgiter Amy Fox (appoinied l January 2024) Structure, governanec and management Nulure oj'governing d(UM¥eI The charity is a CIO operated under the rules of its ConstitiOn adopted 1011012016. R¢crulimertl und&ppoin#mertl of Irusiees Our approach to appoii)ting new trustees is thorough and considered, involving a review of CVS, an assessment of experience. and ali evaluation of the skills each individual can bring to enhance ihe chariry's mission. Mujor risks llnd of ihose risks Currently, the charity faces no serious financial risks. However, we are mindfvl of potential ¢hglleng¢s: includinL'. Loiiu-temi acces5 to our current building Staffinuj costs Level of grant income expected in the medium term Objef tives and activities Objects. unduim3 Since its inception in 2001. Comwater Evergreens has been at the forefront of championing the well-being of socially isolated older individuals ii) North Noiiinghamshire. Our n)ission is multifaceLed'. we gtriwe to delay or elin)inate the need for care, et)hance health and well.being, and significantly in)prove the quality of life foi our members. We tsffer vital support to frail older adults and those in the early stages of demei)tia, ensuring that their caregivers also receive the essential respite and assistance they need. Page 2
Cornwater Evergreens Trustees, Report (continued) Objeeilves, Slruiegles ond Uctivliles Transformed into a Charitable Incorporated Organisation (CIO} in 2016. we have broadened our hoiizons and intensified our services, upholding our dedication to mitigating social isolation and enhancing life quality for the elderly in our community. Our arraj of clubs and aciiviiies are meiiculously designed io fosier social engagemeni. menial agility, and holistic well-being, ensuring a vibrant and supportive environment for all. Our Clubs and Activities l. The Friendship Club * Schedule.. Mondays, Wednesdays. and Fridays overvie.: At the heart of our service offering. members find a warm and e1cOmIng environment where they can connect with peers, engage in stimulating activities, and enjoy a nutritioiis three-course meal. Impact.. Mor¢ than just a social gath¢ring, it is a lifeline for many, providing a sense of belonging and cominunity. 2. Enhanced Siipport on M(Indays Purpose.. Additional siipport for member5 Wlth cognitive impairnients or conditions requiring extra care. Activities.. Designed to stimulate memory, enhance hand-eye coordination: and foster orientation and awareness. Inclusivity.. Ensures all members can participate and benefit. 3. The Brunch Club Overview." Olyers a shorter session of activities accompanied by a hearty breakfast. Consistency.. Upholds the values and benefits of the Friendship Club. ensuring contii)uity of care and support. 4. The Deinei)tia Choir Location.. Con)munity' Church Hall in Mansfield * Innovaiion.. Hamesses the power of music io stimulate brnin activity. promote well-being. and enhance mood. * Benefit.. Provides therapeutic advantages of singing. particularly for those living wilh dementia. 5. The Kirkby Club Launch Date.. January ?024 Location.. Kirkby Leisure Centre Feaiures.. Offers a shorter session of tea and cake combined with a gentle exercise session in partnership with Everyone Active. Our clubs colleciively play a crucial role in combating loneliness, fostering a sense of community, and providing valuable support to older individuals and their carers. We remain committed to innovaiing and adapting oiir services to meet the ever-changing needs of our community. Page 3
Cornwater Evergreens Trustees, Report (continued) Achievements and performance Our team of hiuhly qualified professionals is the driving force behind our charity, each bringing a unique set of ski115 and a wealth of experience to their role5. Membership Growlh Total New Members Welcotned This Year.. 153 . Cuent Active Members-. 100 This significant growth reflects oiir successful outreach efforts and the growing recognition of the importance of our services within the community. Service Delivery * Member Sessions Conducted-. 3,56) Carer Respite Hours Provided.. 10.265 We have provided our elderly community with safe spaces tl) connect, engage. and thrive, while offering carers much-needed breaks and peace of mind. Volunteer Contributions Total Volunteer HLiurs= 6,467 Our volunteer program continues to flourish, with individuals contributing their time and energy, including long-standing volunieers who have been l[h lls for over a decade. Fundrai%ing and Financial Support Grants Secured.. £108.614 Our fundraising efforts have been successful, ensuring the sustaillability and grOth of our services. The Friends of Cornwater donation scheme and Lottery continue to be significant sources of siipport, and we are actively working to expand these iiiitiatives. Charity Shop Success • Location.. Maiisfield (relocated to a more central location iii March 2021) Impact.. The shop has becoime a key revenue stream, serving as a hub for the community to recycle unwanted g(iods and contributing to our financial stability. Adaptation to Cl)allenges We have iemaiiied 5teadfa5t in our commitment to the cominui)ity'. Taster Day5 Conducted.. 50 New Members Irom Taster Days.. 34 Our adaptability and resilience underscore our unwavering dedicatioii to supporting our coinmunity. Expansilin of Reach As Cornwater Evergreens continues to flourish, we are proud to report significant expansion in both the number of beneficiaries we serve and the geographic scope of our operations.. Our Service Areas.. Ravenshead, Kirkb}', Blidworth, Rainworth, Mansfield Town Centre and surrounding areas By establishing a presence in this range of communities, 'e can touch more lives and provide our invaluable services io a wider audience. fostering a sense of community and belonging among our members. Page 4
Cornwater Evergreens Trustees, Report (continued) Financial rei'iew Tlie fiiidncial stability of Comwater Evergreens is a result of.. Support from funders Reveiiue froin mernber fees Siicce5s of our charity Shop Contribiitions froTn oiir Friends donation sclieine and Lottery Our stringFent financial controls and prudent fiscal managernent have enabled us to navigate financial challenges, ensuring we maintain staffjng levels without depletii)g oiir reserves. This stew'aidghip reflects our Lominitment to long-temi sustainability and our ability to ctsntinue providing it)valuable services to the cominunity. Policy on reserves Wt maintain reserves of 6 months of annual expenditure in readil), realisable cash fomi, ensuring the charity can meet its capital and revenue requirements. This policy provides financial security and flexibility to respond to unfor¢se¢n ¢ircumstances. Public benefit Comwater Evergreens stands as a beacoi) of support and companionship in the local Community, diligently working to eradicate the pervasive issue of loneliness among older individuals. Our clubs provide a dynamic and nurturin¥ environment where inembtrs can.. Forge conneciions Share siories Engage in tailored activities The proi'isilin of nuiriiious meals ensures every member has access to wholesome and satisfying food, addressing nutritional needs and fostering a sense of belonging. Support for Carers We extend our support to the unsung heroes-the carers-by offering respite services ihai provide them with the invaluable opportiinity to.. • Recharge • Focus on their w¢ll-b¢ing • Attend to personal commitments Volunteerism Voluiiteerism is at the heart of our operatioiis, creating a platform for local residents to.. Contribute to the community Learn new skills Gain practical experience This not only aids iii their personal and professional development but a150 5tren¥thens the fabric of our conitnunity. The trustees are unwavering in their commitment to delivering public benefiL aligning our operations with the guidelii)es set lorth by the Charity Commission for Englai)d and Wales. The trUseS confimi that the}, have complied with the requirements of seciion 17 of the Charities Act 2011 to have due regard to ihe public benefit guidance published by the Lharity Commission for England and Wales. Page 5
Cornwater Evergreens Tru8tets' Report (¢ontlnued) S¢•ttment of Trnstees, R¢ApoD8lbWdes The trustecs are r¢stKJnsible for prepatittg the inLStees' report and the fitt881 5tatemeDts in accorda.¢ with th¢ Uniwj KJ"ngdom Accounting Sthndards (United Kingdom Gcnerally Accepted Accounting PraGli¢¢l and applicablc law and re8uiatioDs. The law applicable to ¢haritifs r¢4VILr¢s the tru5te¢$ to prepare financial staiements for each financial ycwr whhch give a ttue and fair view of the state of &traiJs of the chariiy aiKI of the incomin8 resource$ attd appli110n of resou¢5 of the djanty for that peri In pr¢paring these fIT71 st3lwn¢nLS, the mistee5 #r¢ r¢quired to.. sele¢t 1¢$ble 8ccounting poli¢ies and then gpply ihem consi51eully: ob5m¢ thc mcthods and principles in th¢ Charitics SORP. mak¢ judgernents. and esttmate5 that are reasonable and prlent. 5tste w]teth¢r appli¢abl¢ a¢¢ouAting stsndards h&v¢ Ixen followrf subjed to any llla11] d¢parture5 dis¢losed and explained in the fin¢1?1 statements. and prepare the financial s¢atemenL$ on the 80in8 eottcem basis unless li ts inaNyropriatr presurne chat the harity wtll continue in bwine5S. Th¢ tnb5te¢s ar¢ TponsIblE for kcq)in8 pmpcr awountittg ordS that di8cIo8e with r¢asonabl¢ a¢eurncy at any tirne tbe finAncial position of the charity aDd enable thern to ensure thai the f¢181 stsments comply with th¢ Charities Act 2011. the Charities (Aecounts and Reports) R¢gulatiOllS 2008, and the provisioLs of the ¢onsiitution. The tsust¢es are also resp)nsibl¢ for 6afeguardin8 the assets of the charity and hence for tskin8 reasonable s¢¢ps for th¢ preventEon and of Crdud other ijTC8ul&riti¢s. The tNStees 4re responsible for the maintenanc¢ and inte8rity of the corporate and financi81 infoTmation included on the charitable compa)y's websit¢. Legislation governing the preparytion E di5semiT]a¢ion of finantial staianenLq may differ from legislation in other jurisdictioDs. Approved by the trustees of the charity on.... .... ......... and signed on tts behalf by.. Stuart B¢sThvi¢k Trndee Page 6
Cornwater Evergreens Independent Examiner's Report to the trustees of Cornwater Evergreens Itldependent exarnitLer'5 report to the trustees of Cornwater Evergreen5 I Itport to tht trustees on my examination ot. the accounts of Ctsmwattr Evergreens (the Charity} for the year ended 31 March 2024. Responsibilitie5 and basis of report As the trnstees of the charity you are responsible for the preparation of the ac¢ounts in accordan¢e with the requirements of the Charities Act 2011 (the Act')- I report in respect of my examination of the Charity's accounts carried oiit under section 145 of the 2011 Act and in carry'ing out my examination I have follo.ed all the applicable directions given by the Charity Commission under section 145{5)(b) of the Act. llldependent exarnitler 5 Staternent Since the C.hariiy's gross income exceeded £250.000 your examiner must be a member of a body listed in sectilin 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member and Felloiv of the Association of Charity Independent Examiners, which is one of the listed bodies. I have compleied my examination. I confimi that no matters have come to my attention in connectilin with the examinaiion giving me cause to believe that in any material respect.. accountin£ records were not kept in respect of the Charity as required by Section 130 of the Act: or 2. the accounts do not accord with those records: or 3. the accounts do not Comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view 'hICh is not a matter considered as part of an independent examination. I have concerns and have come acros5 110 other inatters iii connection with the examination to which attention sliould be drawli in this report iii order to enable a proper under5tandinu of the accouiits to be reached. John O'Brien Msc, FAIA, FCCA. FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 1710112025 Page 7
Cornwater Evergreens Statement of Financial Aetivities for the Year Ended 31 Mareh 2024 Total 2024 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities 62.397 44.668 167,045 62.397 100.814 167,045 46.517 97,381 141,541 56,146 Total Income 274,110 56,146 330,256 285,439 Expenditure on: Charitable aciiviiies (261.947) 145,436) 1307.383) (293,176) Totsl Expenditure Net incomel(expendiiure) Gross transfers betw'eei) funds (261,947) 145.4361 1307.383) (29J.176) 12,163 5.520 10,710 (5,5201 22,873 (7,737) Net movement in fund5 17,683 5.190 22,873 {7.737) Reeoneiliation of funds Total funds brought fonvard 83,695 28,794 112,489 120,226 Total funds carried forwaid 14 101,378 33,984 135,362 112,489 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdOl for the period is 5howii in note 14. Total 2023 Unrestricted Restritted Note Income and Endowrnents from: Donations and legacies Charitable activities Other trading activities 46,517 40.376 141,541 46,517 97.i81 141,541 57.005 Totsl Income 228,434 57,005 285,439 Expenditure on: Charitable aciiviiies (262.198) 130.978) (293,176) Total Expenditure (262.198) {iO.978) (293,176) Net {expenditure}/income Gross transfers betweei) funds 133,764) 7.509 26,027 (7,509) 17,737) Net movemeni in funds 126,255) 18,518 (7,737) Reconciliation of funds Total funds brought fon¥ard To(al funds carried forward 109,950 10,276 120,226 14 8i,695 28.794 112,489 The notes on pages 10 to 19 forni an integral part of these financial siatements. Page 8
Cornwater Everyreens (Re£tstratlon number: 1169556) BalAnee Sheet 95 at 31 March 2024 2fI24 2023 Nole Flxed #isets Tangibl¢ assets 10 15.976 15.415 Current Assets Debtors Cash at bank and in haryi 17.513 11,073 12.066 92,528 12 128,586 104,594 Credltor8: Amounts fslllng due wkhtsb O•t yr lie¢ crr¢t ¥sxts 13 119,3116 97.074 Net 135,362 112.489 Fu4ds of the elt•rity: Rextrl¢t¢d IneoJn¢ fvnds Reslrhcied fun 14 33,984 28.794 Lknrestrltted IntOty UnTcslri¢t¢d fvnds 101,378 135.362 83,695 112,489 TotAI fundi 14 The ¢ial 5t&t¢m¢nts on pa8Cs 8 to l9 were apprgve4 by th¢ try$t¢¢& and èuthorised for K55ue on sI¢d their beholf by.. Edward jOhtone Trnstee The noi¢1 on pa8¢s 10 to 19 fonn an iotegral part of financial staiements. Page 9
Cornwater Evergreens Iyotes to the Financial Statements for the Year Ended 31 March 2024 l Accounting polieies Statement of eompliattee 'I'hc financial statcincnts have been prepared in accordance with the second ¢dition of th¢ Charities Statement of Recommended Practice issued in Octi)ber 2019. the Financial Reporting Standard applicable in the United KinbFdoin at]d Republic of Ireland IFRS 102) aiid the Cl)aritie5 Act 2011. Basis of preparation Comwater Evergreens meets the definition of a piiblic benefit entity under FRS 102. Asset5 and liabilities are initially recogni5ed at historical cost or transaction value unless otheTWiSe Stated in the ielevant accountin¥ policy note5. Exemplion from preparing g cash flow statement Under the exemption available to STnaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows w'ithin the financial statements. CJoing concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast sigiiificant doubt on the ability of the charity to continue as a going concem. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. llleome and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when ihe chariyy. h&s entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donulion5 and legacie5 Donations [d legacies are recognised on a receivable basis wheii receipt is probable and the amount Can be reliably measured. Grunts receiwble Grants are recognised when the charity. has an eniitlernent to the funds and any condiiiL)ns linked to the grants have been met. Where perfomiance conditions are attached to the grant and are yet tl) be meL the income is recognised as a liability and included on the balance sheet as deferred income to be released. Expenditure All expenditure is recognised once there is a legg1 or Constwctive obligation to that expenditure, it is probable settlement is required and the amount can be megsured reliably. All costs are allocated to Ihe applicable expenditure hcading that aggregates similar costs to that category. Wliere costs cannot be directly attributed to particular headings they have been allocated oil a basis coiisistent with the use of resources: with ccntral staff costs allocated on the basis of time spent, and depreciation charges allocated on the portioii of the asset's use. Other support costs are allocated based ot] the spread of staff costs. Page 10
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) Chtsriluble Qciivllles Charitable expenditure comprises those Costs incurred by the charity li) the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary ro support ihem. Taxation The charity is considered to pass the tests set L)Ut in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporaiion tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act ?010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusivel}, 10 charitsble purposes. Tk)ngible fixed assets Individual fixed a%sets ¢o%ting £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and sllbseqiient accumulated impaiTment losses. Depreciation and amort15#tion Depreciation is provided on tangible fjxed assets so as to write off the cost or valuation, less any estimated residual vallle, over their expected useful economic life as follo'S.. Asset elass Computer equipment General equipment Fixiures &. fittings Depreeiation method and rats Straight line 33.30/0 Straight line 33.30/0 1200/0 Straight line 20 /0 Trade debtor5 Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impaimient. A provision for the impaimient of debtors is established when there is objective evidence that the chariry will not be able to collect all amounts due according to the original temis of ihe receivables. Cash and e#5h equivalents Cash aiid cash eqiiivalents comprise cash on hand and call deposit5, and other short-term highly liqiiid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund gtrueture lJnrcEtrictcd income funds are general fiinds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricied income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pagell
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) Pensions and other post retirement obligations Pension5 The charity operate5 a defined contribution pen5ioiI schetne for employee5. Tlie 1( 5set5 of the scheme are held separately from those of the charity. Pension cost5 char¥es in the Statement of Financial Activities represent the contribution5 payable by the charity duringy the year. 2 Income from donations and legacies Unrc5tricttd funds General Total 2024 Total 2023 Donations and legacies., Donations froin companies, tnists and similar proceeds Grants, in¢liiding capital grants: Grants from other charities 39.929 39.929 46.517 22,468 22,468 62,397 46,517 3 Income from charitable actii'ities Unre5tri¢ted funds General Restricted funds Total 2U24 Total 2023 Fees Grants 44,668 44,668 56,146 40,376 57,005 56,146 44,668 56,146 100,814 97,381 4 Income from other trading activities Unrestrieteil funds General Total 2024 Total 2023 Trading income., Sales of goods and services Local fundraising 153,57i 13,472 153,573 13.472 127,297 14,244 167,045 167,045 141,541 Page 12
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 5 Grants and donations Unrestricted funds Restricted funds Total fund5 Th¢ National Lottery Community Fund Boots Charitable Trust Gedling Borough Council Lindhurst Windfarm Mansfield District Council The Charles Littlewood Hill Trust The 29th May 1961 Charitable Trust Nottinghamshire County Council sir John EasN'ood Foundation JN Derbyshire Trust Barchestels Charitable Foundation Nottinghainshire Community Foundation Mansfield Buildin¥ Society Community Support Scheme 19,968 17,98) 10,000 5,000 i,840 i,546 37,953 10,000 5,000 i,840 3.000 1.980 2.000 2,000 1,000 1.000 3.000 1,980 2,000 2,000 1,000 1,000 920 920 The Gray Trust {ClO) Te5co Community Grant Anony'mous The Edward Gostling Foundation Winifred Eileen Kemp Trust The Sir Jules Thorn Charitable Trust The Elizabeth Heath Charity Gift Aid Sundry grants & donations 500 500 375 375 17,000 5,000 5,000 ?,000 2,500 1.529 8,400 17,000 5,000 5,000 i,000 2,500 1.529 8,400 62,397 56.146 18,543 Page 13
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 6 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2024 Total 2023 £ {As restated) 19.427 483 Activities 18.074 18.074 414 Bank charges Cleaning Communications Depreciation Equipment Fundrdising Insurance IT support Marketing & publicity Meals otTice & shop supplies Piofessional fees Rent & rates 414 6,746 1,640 8,603 2,710 18,795 2,33i 2,121 1,720 6,746 1,640 8,603 i,010 18.795 2.333 2.121 1,770 17,710 3,456 5,136 32,736 1.326 163,751 1,155 6,467 1,626 7,637 1,508 17,694 1.767 2.123 2.485 10,646 2,249 2,914 3i,705 1.723 152,5)3 12,570 300 50 17,710 3,456 5,136 32.7)6 1,326 157,273 Repairs & maintenance Salaries, Nl &. pensions Relief staff Expenses Training & development Transaction fees Transport Utilities Waste disposal 6,478 J'll 2,486 705 2,486 1,664 721 2,398 8,061 2.559 916 208 6,676 2,616 9,292 i.837 975 975 261,947 45,4i6 i07,38J 29J,176 Page 14
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 7 Staff costs The aggTe¥ate payroll costs were a5 follows.. 2024 2023 Staff cost5 during the year were: WagFes and salaries So¢ial security costs Pension costs 155.3J6 5.504 2,911 145.353 4.645 2,535 163,751 152,533 The monthly average number of persons {including senior management team) employed by the charity during the year wa5 as follows.. 2024 2023 Average number of persons employed 8 (2023 - 81 of the aLx)ve employees participated in the Defined ContribuiiL)n Pension Schemes. Contributions to the employee pension schemes for the year totalled £2.91] {2023 - £2.535). No employee received emolument5 of more thali £60,000 durin¥ the year The iotal employee benefits of the key management personnel of Ihe charity were £42,313 (2023 £31,077). 8 INdepeNdeNt examiTher's fees During the period, the fees payable (excluding VATI to the ¢harity's independent examiner Community Accounting Plus are analysed as follows.. 2024 2023 Ind¢pend¢nt examination Other financial services 1.000 352 855 361 1.352 1,216 9 Taxation The chariti, is a registered chariry and is therefore exempt from taxation. Page 15
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 10 Tangible fixed assets General equiptnent Computer eqiiipment Fixture5 & fittings Total Cost At l April 2023 Additions Disposals 16,042 6,418 (3,147) 18,2)] 347 (1,466) 34,27) 9,164 {4,6131 2,399 At 31 March 2024 19,313 2,399 38,824 Depreeiation At l April 20?3 Charge lor the year Eliminated on disposals 9,448 3,133 (i.147) 9,410 5,390 (1,466) 18,858 8,603 {4,613) 80 At 31 March 2024 9.4i4 li,3)4 80 22,848 Net book i'alue At 31 March 2024 9,879 3.778 2,319 15,976 At 31 March 202J 6,594 8.821 15,415 I l Debtors 2024 2023 Trade debtot5 5.066 5.486 6,961 Prepayments Othcr debtors 5.000 1,951 17,513 12.066 12 Cash aThd cash equivalents 2024 2023 Cash on hand Cash at bank 970 I10,IOi 878 91,650 111,073 92,528 Page 16
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 13 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Other creditors Accruals 2.509 1,351 5,)40 2.001 1,127 4.392 9,200 7,520 14 Funds Balance at 31 March 2024 Bk)lanc¢ at I April 2023 Incoming resources Rcsourees expended Transfers Unrestricted funds General General 8?,695 274,110 {261,947) 5,520 101,378 Restricted funds Eqiiipment Activities Meals Transition Day Choir Traiisport 5.368 5.635 13,000 14,980 17,985 3,546 1.000 (300) (10,204) (12,578) (18,543) (2,811) (1.000) (5,520) 5.183 3.915 12,710 11,441 735 10,308 11,999 Total restriettd funds 28,794 56,146 (45,436) (5.520) 3?,984 Total fund5 112,489 330,256 1307,383) 135,362 Page 17
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) Balance at 31 March 2023 Balance at I April 2022 IncorniDg resources Resources expended Trallsfers Unrestricted fund5 Generftl General 109,950 2?8,434 {262,198) 7,509 83.695 Restricted Equipment Activities Meals Transition Day 300 6.5)8 3,230 208 12,619 13,100 17,500 13,786 142) (18,519) (10,422) (1,995) (7,509) 5,368 10,308 1,999 Total restricted funds 10,276 57,005 (30,978) (7,509) 28,794 Tolal fund5 120,226 285,439 {293,176) 112,489 The specific purposes for which the funds are to be applied are as follows.. Equipment - Funding toward a new batch of chairs and our Reminiscence & Interactive Therapy Activities (RITA) equipment. Activities Funding toward our activities which are designed to Stimulate m¢mory, enhance hand-¢y¢ coordination and foster a sense of orientation and awareness. Meals- Funding toward a nutritlous Ihree-course meg1. prepared on site by our in-house chef which ensures that every member has access to a wholesome and satisfying meal each day they spend with us. Transitional Day - Funding provides a link for members who need to move, with minimal stress and disturbance from the Friendship Club into a liigFher level of 5UPPOrt. Choir Funding toward the Deinentia Choir a pioneering initiative held in the Coinmunity Church Hall, desiyed to haTness the power of music to stimulate brain activity, promote well-being and enhaiice mood Transport- In pattrer5hip with the local Community Bu5 Service this 1]d ensures that niember5 who are not able to travel can be picked up and dropped off at their doorstep and be transported in waTmth and comfort to and ftoTn the clubs. The transfer from the Equipment fund to the General fund represenis the net book value of fixed assets, the use of whi¢h is not siibject to any restriction. Page 18
Cornwater Evergreens Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 15 Analysis of net assets between funds Unrestricted 2024 Total fund5 General Restricted Tangible fixed assets Current assets Current liabilities 15,976 94,602 (9,?00) 15,976 128,586 {9,200) 33,984 Total nei asseis 101,378 i),984 135,i62 Unrestricted 2023 Total funds General Restricted Tangible fixed assets CuTrent assets 15,415 75,800 17.520) 15,415 104,594 {7.520 28.794 Current liabilities Total net assets 83,695 28,794 1*,489 16 Related partv transactions TheTe were no related party transactions in the year. 17 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any oiher benefits from the charity during the year. Page 19