Charity registration number: 1169556 Cornwater Evergreens Annual Report and Financial Statements for the Year Ended J l March 2025 CommuIiity Accounting Plus Units l & 2 North West 41 Talbot Street Nottinu NGI 5GL
Cornwater Evergreens Contents (continued) Reference and Adminlstrative Delails Trustees, Report 2to5 Independent Examine¢s Report Statement of Financial Activities 7t08 Balance Sheet Notes to the Financial Statements IOto20
Cornwater Evergreens Reference and Administrative Details Trustees Edward Johnstone Stuart Bestwick Sue Pickering Lucinda Rossiter Amy Fox Margaret Waring Peter Dickson. CEO Senior Management Team Charity Registration Iyumber 1169556 Prineipal Office 40 West Gate Mansfield Nottinghamshire NG18 IRS Independent Examiner Eva Stevens, employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottin NGI 5GL Page I
Cornwater Evergreens Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025. Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Tnte¢S.. Edward Johnstone Anne Marie Hurst (resigned l June 2025) Stuart Bestwick Sue Pickering Lucinda Rossiter Amy Fox Margaret Waring (appointed l June 2025) Strueture, governance and management Nalure ofgoverning documenl The charity is a CIO operated under the rules of its constitution adopted l 011012016. Recruilment and appoinlmenl of Irustees Our approach to appointing new trnstees is thorough and considere(L involving a review of CVS, an assessment of experience, and an evaluation of the skills each individual can bring to enhance the charity's mission. Major risks and management of Ihose risks Key risks monitored this year included-. Long-tenn access to suitable venues (including Ravens Lodge and Mansfield shop premises). Staffing costs and retention in a competitive market. Maintaining a healthy pipeline of grant income alongside shop income. Objeetives and activities Objects ond Since its inception in 2001, Comwater Evergreens has championed the wellbeing of socially isolated older people in North Nottinghamshire. Our mission is to: Delay or prevent the need for formal ca. Enhance healih and wellbeing. Improve quality, of life through companionship. crealivity.. and nutrition. Support carers with reliable respite and peer netWOS. Page 2
Cornwater Evergreens Trustees, Report (continued) ObjeLtive5, slrategie5 and activilie5 We deliver a weekly programme of clubs and activities across Ravenshea¢ Rainworth, Sutton-in-Ashfield and Kirkby-in-Ashfiel¢ Friendship Clubs {Ravenshead Lodge - Mon/We(VFri) The cornerstone of our offer, providing sociable three-course meals. activities, music, and companionship. Attendance averages -40 meals per sesslon. Men's Wellbeing Club (Sutton-in-Ashfield - Tuesda)'s) - A space for older men to meel, play games, chat, and share lunch. Brunch & Bingo (Rainworth - Thursday mornings) - A shorter session centred on breakfast. qUiZ2es. and light-hearted tun. Exercise & Chat (Kirkby-in-Ashfield - Thursday afieTnoons) Combines social time with seated and standing exercises to support balance and confidence. Aehievements and performaDce Cornwater Evergreens has continued to grow significantly thi5 year. - 208 people supported across oiir clubs - a marked rise from the year before. 4,JiO member attendances. up from ).56J in 20?)124. showing clear and growing demand. 4,369 meals served- a 290/0 increase, reflecting our role as a lifeline for nutrition and compaTJionship. 11,501 hours of respite for carers - time thai families desperately need to recharge. I l i volunteers contributed their time and talents. strengthening our resilience and community ownership. Our expanded programme now includes not only three Friendship Clubs but also the Men's Wellbeing Club in Sutton, Brunch & Bingo in Rainw'orth, and Exercise & Chat in Kirkby. This grOth shoH.'s we are no longer serving just a corner of North Nottinghamshire but are now a district-wide provider of community-based ageing support. lrnpact is clear in members, voices- "I don't feel lonely any more- I have something to look forward to every week." "Mum eats better on club davs, and I get a few hours to rest." "I've made friends for the first time since my husband passed." Securing the Mansfield shop premises M'ould safeguard a critical source of unrestricted income and community Visibility. The Mansfield Shop Acquisition Fund position5 the Charity to act promptly should an appropriate opportunity become available. 2024125 was a year of real groth and deeper impact. Cornwater Evergreens delivered more 5ession5, 5UPPOrted more people, and widened lis reach across Mansfield and Ashfield. Our members tell us that the clubs are often the highlight of their week, and carers sa), they could noi ¢ope without the respite we provide. Looking ahead, Ihe charity is actively working to build up funds io purchase the Mansfield shop that it currently rents. Owning this vital asset will secure the long-tem financial future of the charity aTJd protect our most important source of unrestricted income. With a strong volunteer base. committed trustees and staff. and resilient finances, Cornwater Evergreens is well-placed to continue grow'ing and to reach even more isolated older people in 2025126 and beyond.
Cornwater Evergreens Trustees, Report (continued) Financial review During the year, the Charity received an expendable endowment of £80,000 under a Deed requiring the funds to be held for five years. Capital and income may be applied only where. at the end of a flnancial year, free reserves would othenvise fall below the level set in the Reserves Policy (six months, core expenditure). Sums may then be transferred from the endowment to restore reserves to that level. On the fifth anniversary.. any remaining balance (capital and income) becomes unrestricted. The Trustees have designated £100:000 from unrestricted funds as the Mansfield Shop Acquisition Fund. to support the proposed purchase of the Mansfield shop premises cUentlY leased by the Charity. This designation aligns with the strategy to secure a reliable. long-terni source of unrestricted income. The Trustees anticipate pursuing match-funding an(Vor mortoage flnance should a suitable opportunity arise in the mediuin term. The financial stability of Cornwater Evergreens is underpinned by: Unrestricted income from the Mansfield charity shop. Grants and donations from trusts and foundations. Member contributions and Friends olCoTnwater donations. The charity reported a healthy balance between income and expenditure, with sufficient reserves to meet obligations and sustain services. Policy on re3enY5 We maintain reserves of 6 months of annual expenditure in adIlY realisable cash forn). ensuring the charity can meet its capital and revenue qUIreMents. This policy provides financial security and flexibility to respond to unforeseen circumstances. Public benefil The trustees confirm they have considered the Charity- Commission's guidance on public benefit. Cornivater Evergreens delivers Clear public benefit by: Reducing loneliness and isolation. Supporting healthy, active ageing through exercise and nutrition. Strengthening community life by offering volunleerlng opportunities. Providing respite for carers, enabling them to rest or manage commitments. Comwater Evergreens has continued to grow significantly this year, strengthening both our reach and our impact. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 4
Cornwater Evergreens Tnistees, Report (continued) Sttennt of Trusteej, ResponJibllilieJ The Itee5 arc resp)nsible foT prepaTin8 the t"tee5, reFK)rt and the financial statements in accordance with the Uniied Kingdom Accouniing Stsndatd5 (UDJted Km8dom Generally Accepted Accountmg Prnciice} and upplicable la, and regulations. The law appli¢able to charities Tequires the trustee$ lo prepare fjnanciol ststements for each financial year which v¢ a true and fair view of the stsie of affAiTS of the chan.ty and of the incoming Tesources and application of resouT¢¢S of the ¢harity for that period. Irj preparin8 these fmancial statements, the trusiees required to.. select suitsble ao¢ountin8 wli¢ies and then apply them consistenily" observe the methods and principles in the Charities SORP, rnake JudBements and estirnates that are reasonable and prudenl. statr ether applicable acLounting slandatd5 have F*en followe subject lo any material departures disclosed and explained in the fuJaTrcial statements; and prepare th¢ financial slatem¢nts on the going ¢on¢ern basis unless it is IJ]appTopriate to presume that the charity will conlinue in busJ"n¢s5. The tnte¢S are r¢sFK>nsible for keeping proper accountin8 records that disclose with reasonable accuracy at any time the financial position of the clwity 8nd et]able them to eThsure Ihat the fuwncial ststements comply with the Charifie5 Aci 2011, the Charilies I"A¢eounls and ReFA)rts) Re8uJatJons 2008. and the provisions Df the constitution. Th¢ InteeS ai¢ also r¢sFX)nsible for safeguaTdm8 the assets of the charity and hen¢e for takn.ng ieasonable step5 lor thc prevention and dctection of fraud and other UTeBularilies. The trusle¢s are ie5tK)ll51bl¢ for the mamtenance and integrity of the cotpotale and finAnci&l mfornlation included on the chan"tsble compani s website. Le8151alion goveming the prepar2tion and disseminalion <)f firk2ncial slalcm¥nts may 'rfer fmm Icgslalion in otkr jwisdiclions. Approved by the tru5t¢cs of the charity on . Ibid signed on its khalf by.. G/J Stuart BestThick Trustee Pa8e 5
Cornwater Evergreens Independent Examiner's Report to the trustees of Cornm'ater Evergreens Independent examiner's report lo the trustees of Cornwater Evergreens L report to the trustees on my examination of the accounts of Cornwater Evergreens (the Charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Charitv's accounts carried out under section 145 of the 201 l Act and in carry'ing out my examination I have followed all the applicable direction5 given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 201 l Act. I confirn] that l am qualified to undertake the examination because l am a rnember of the Chartered Institute of Public Finance and Accounlancy (CIPFA). Ivhich is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting 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 faiv view which is not a matter considered as part of an independent exatnination. I have no concerns and have come across no other matters in conneclion with the examination to which attentlon should be draMTr in this report in order to enable a proper understanding of the accounts to be reached. Eva Stevens, BSC, CPFA. employee of Community Accounting Plus member of the Chartered Institute of Publlc Finance and Accountancy (CIPFA) Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 2210112026 Page 6
Cornwater Evergreens Statement of Financial Activities for the Year Ended 31 Mareh 2025 Total 2025 Total 2024 Unreslricted Restrieted Endowment Nole Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 58,064 47,495 257,765 58,064 196,66) 257,765 4,782 62,397 100,814 167,045 69,168 80,000 1,516 Total Income J66,590 69,168 81,516 517,274 J30,256 Expenditure on: Charitable activities (312.972) (48,494) (361,466) (307,383) Total Expenditure (312.972) (48.494) (J61,466) (i07,383) Net income Gros5 transfers between funds 53,618 20,674 81,516 155,808 22,873 4,711 {4.711) Net movement in funds 58,)29 15,96) 81.516 155,808 22,873 Reconciliation of funds Total funds brought forward 101,378 33,984 135,362 112,489 Total funds carried forward 15 159,707 49,947 81,516 291,170 135,362 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdo1 for the period 15 $hOM in note 15. Total 2024 Unrestricted Restricted Note Income and Endowments from: Donation5 and legacie5 Charitable activities Other trading activities 62,397 44,668 167,045 62,397 100,814 167,045 56,146 Total Income 274,110 56.146 J30,256 Expenditure on: Charitable activities {261.947} (45,436) (J07,J83) Total Expenditure (261,947) (45,436) (307,383) Net income Gross transfers between fund5 10,710 (5,520) 22,873 5,520 Net movement in funds 17,683 5,190 22,873 Reconciliation of funds Total funds brought fonvard 28,794 112,489 The notes on pages l O to 20 forni an integral part of these financial statements. Page 7
Cornwater Evergreens Statement of Financial Activities for the Year Ended 31 March 2025 (eontinued) Total 2024 Unrestricted Restricted Note Total funds carried fonvard 15 101.378 33,984 135,362 The notes on pages l O to 20 forni an integral part of these financial statements. Page 8
Cornwater Evergreens (Registration number. I 169556) Bldlance Sheet as at 31 March 2025 2025 2024 Note Flxed Asets Tangiblc assets 18,099 15.976 Current 4J8¢ts Debii)rs Cash al bank and in hand 12 13 16,275 263.994 111,073 280.269 128,586 Credltorj: Anwunts falling duc wlthh one Yr 14 (7,198) et Lwrrent ajsetj 273,071 I19,386 Net $&ts 291.170 135,362 Funds of the ¢h*rity: Endowment fund• 81.516 Restricted Incomt Thds Restricied funds 15 49.947 33.984 Unrestrleled inconK funds Unrestricted funds 159,707 IUl,378 Total nd 15 2C)1.170 135.362 The fi Thcial slatrments on p&8es 7 to 20 were awroved by th¢ tsustees. and authonsed for issue on Johnstone Trustee Th¢ noley on tthges 10 to 20 form an inte8raJ pan of iJ]ese flnancial stslement5. Page 9
Cornwater Evergreens Iyotes to the Financial Statements for the Year Ended 31 March 2025 l Accounting policie5 Statement of cotnpliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Ba515 of preparatio Comwater Evergreens meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or trdnsaciion value unless otherwise slaled in the relevant accounting policy notes. Exemption from preparing a eash flow statement Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements. Going 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 significant doubt on the ability of the charity to continue as a going concern. The trustees make this asse55ment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Voluntary income including donations. gifts. legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with 5u(ficient reliability. Donations and legocies Donation5 and legacies are recogni5ed on a receivable basis when receipt IS Probable and the amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditiov]s linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be vnet, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Investpnenl income Dividend5 are recognised once the dividend has been declared and notification ha5 been received of the dividend due. Page 10
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that categorv. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on ihe spread of staff costs. Charitable activilies Charitable expenditure comprises those costs incurred by the charity in 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 to support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exernpt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gain5 Act 1992. to the extent that such incom¢ or gain5 are applied ¢xclu5ively to charitable purposes. Tangible fixed asset5 Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to lte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Computer equipment General equipment Fixtures & fittings Depreciation method and rate Straight line )J.J /0 Straight line )J.J /0 120% Straight line 20 % Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequentl}, measured at amortised cost using the effective interest method. less provision for impainnent. A provision for the impairnient of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms olthe receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investrnentS that are readily convertible to a known amount of cash and are Subject to an insignificant risk of change in value. Pagell
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds and resources set aside for specific purposes ai the discretion of the trustees. Restricted 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. Pensions and other post retirement obligations Pensions The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statemeni of Financial Activities represeni the contributions pa)'able by the charity during the year. 2 Ineome from donations and legaeies Unrestricted funds General Total 2025 Total 2024 Donation5 and legacie5' Donations from companies, trusts and sitnilar proceeds Donations from individuals Grants, including capital grants- Grants from other charities .520 21,744 ,520 21,744 39,929 34,800 34,800 22,468 58,064 58,064 62,397 3 Income from charitable activities Unrestricted funds General Endowment funds Expendable Restricted funds Totsl 2025 Total 2024 Fees Grants 47,495 47,495 149,168 44,668 56,146 69,168 80,000 47,495 69,168 80,000 196,66J 100,814 Page 12
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 4 Income from other trading activitie5 Unrestricted funds General Total 2024 Total 2024 Trading income: Sales of good5 and services Local fundraising 245,085 12,680 245,085 12,680 153,573 13,472 257,765 257,765 167,045 5 Investment income Unrestricted funds General Endow'ment funds Expendable Total 2025 Total 2024 Interest receivable and similar income: Interest receivable on bank deposits 1,516 4,782 Page IJ
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 6 Grants and donations Unrestricted funds Restricted funds Endowment funds Total funds The National Lottery Community Fund The Edward Gostling Foundation Anonymous BNA Charity Jones 1986 Trust Robert McAlpine The Charles Haywood Foundation The Charles Littlewood Hill Trust Nottinghamshire County Council Thomas Farr Charity Star Trust Lindhurst Windfam)s The Hobson Charity Gedling Borough Council CRS Fund RTC fund Garfield Weston Winifred Eileen Kemp Trust Ann Rylands The Elizabeth Heath Charity Sir John Eastwood Foundation Souter Charitable Trust Woodroffe Benton Forn]an Hardy Charitable Trust Team Vinyl Thoresby Charity Arnold Clark Jesse Spencer Foundation The Fitton Trust Sundry grants & donations 20,878 20,878 85,000 10,000 5,000 5,000 5,000 5,000 80,000 10.000 5.000 5.000 5.000 5.000 5,000 3,000 3,000 5,000 2.500 2.000 1,240 550 500 500 10,000 5,000 5.000 2.5(K) 1,240 550 500 500 10.000 5,000 2,500 2,000 2,000 1,500 1,000 600 1.000 500 2,500 2,000 2,000 1,500 1,000 600 1,000 500 500 500 300 22,664 300 22,664 58,0fv1 69,168 80,000 207,232 Page 14
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 7 Expenditure on charitable activitie5 Unrestrieted funds General Restrieted funds Total 2025 Total 2024 Activities Bank charges Cleaning Coniniunications Depreciation Equipment Fundraising Insurance IT support Marketing & publicity Meals olCe & shop supplies Professional fees Rent &" rates Repairs & maintenance Salaries, NI & pensions Relief staff Expenses Subscriptions Training & development Transaction fees Transport Utilities Waste disposal Loss on disposal 24,551 24,551 180 6,797 1.691 18,074 414 6,746 1,640 8.603 3,010 18,795 2,333 2,121 1,770 17,710 180 6,797 1,691 8,258 4,352 18.946 2,279 2,641 i,492 551 18.946 2,279 2.641 871 13,717 13.717 1,929 ,275 1,929 1275 4,180 32,736 1,326 16J,751 1,155 2,486 956 194,078 5,650 2,864 6,777 200,855 5.650 2.864 375 12 387 913 1.620 13,479 3.752 1.778 500 1,620 15,494 3,752 1,778 500 1,104 9,292 3,837 975 2.015 312.972 48.494 J61.466 307,383 Page 15
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 8 Staff costs The aggregate payroll costs were as folloivs= 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs 188,937 155,336 5,504 2,911 3,583 200,855 163,751 The monthly average number of persons (including senior management team) employed by the charity during the y.ear was as follows= 2025 2024 Average number of persons employed 10 io 9 (2024 - 8) of the above employees participated in the Defmed Contribution Pension Schemes. Contributions to the employee pension 5cheme5 for the year totalled £3,583 (2024 - £2,911). No employee received emoluments of tnore than £60,000 during the year The total employee benefits of the key management personnel of the charity were £48,900 (2024 - £42,313). 9 Independent examiner's fees During the period, the fees payable (excluding VAT) to the charity's independent examiner Community Accounting Plus are analysed as follows- 2025 2024 Independent examination Other financial services 1,150 174 1,000 352 1.352 10 Taxation The charity is a registered charity and is therefore exempt from corporation taxation. Page 16
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) I l Tangible fixed a55ets General equipment Computer equipment Fixtures & rittings Total Cost At l April 2024 Additions Diswsals 17,112 3,155 (9.356) 2.399 4.266 38,824 10,881 (9,356) At JI March 2025 10.911 6,665 Depreciation At l April 2024 Charge for the year Eliminated on disposals 13,334 80 22,848 8,258 (8,856) 4,018 580 (8.856) At 31 March 2025 13,452 8.138 660 22,250 Net book value At JI March 2025 6,005 18,099 At 31 March 2024 9.879 2,319 15,976 12 Debtors 2025 2024 Trade debtors Prepayments Other debtors 5,836 5.066 5,486 6,961 6,796 16.275 17,513 13 Cash and cash equivalents 2025 2024 Cash on hand Cash at bank 990 263,004 970 110,10) 263,994 111,07J Page 17
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 14 Creditors: atnounts falling due within one year 2025 2024 Other taxation and social security Other creditors Accruals 2,892 1,419 2,887 2,509 1,351 5,340 7,198 9,200 15 Funds Balance at 31 Mareh 2025 Balance at I April 2024 Incoming resources Resources expended Transfers Unrestricted funds General General 101,378 )66,590 ()12,972) (95,289) 59,707 Designaled Mansfjeld Shop Acquisition Fund 100,000 100,000 Total unrestricted funds 101,378 )66,590 (312.972) 4.711 159,707 Restricted funds Equipment Activities Meals Transition Day Choir Mental Wellbeing 5,183 i,915 12,710 11,441 735 2.290 (1.671) {15,496) (9.038) {21,554) (735) (4.711) 1,091 18,919 16,172 10,765 12,500 20,878 3,000 Total restricted funds 69,168 {48,494) (4,711) 49,947 Endowment funds Expendable The Edward Gostling Fund 81,516 81,516 81,516 81,516 Total funds 135,362 517,274 (J61.466) 291,170 Page 18
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Balanee at 31 March 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unreslricled funds General General 83,695 274,110 (261,947) 5,520 101,378 Restricted Equipment Activities Meals Transition Day Choir Transport 5.368 1,119 10,308 11,999 5,635 13,000 14,980 17,985 3.546 1,000 (300) {10 ?04) {12,578) (18,543) (2.811) (1.000) (5,520) 5,183 3,915 12,710 11,441 735 Total restricted funds 28,794 56,146 (45,436) (5,5?0) Endowment fund5 Total funds 112,489 )30,256 (307.)83) 135,362 The specific purposes for which the funds are to be applied are as follows: Equipment - Funding towards new chairs and IT sundries. Activities Funding toward our activities which are designed to stimulate memory, enhance hand-eye coordination and foster a sense of orientation and am'areness. Meals- Funding tO.ard a nutriiious three-course meal. 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 higher level of support. Choir Funding toward the Dementia Choir a pioneering initiative held in the Community Church Hall, desioned to hamess the power of mu51C to stimulate brain activity. promote well-being and enhance mood Mental Wellbeing - Funding to support and enhance the mental wellbeing of the community throug attendance at the Men's Wellbeing Club. The Edward Gostling Fund - This is an endowttient given to support the future health of the organisation. It will accrue interest and can only be used to restore the unrestricted balance if it falls below the targeted reserves. The transfer from the Equipment fund to the General fund presents the net book value of fixed assets, the use of which is not subject to any restriction. Page 19
Cornwater Evergreens Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 16 Analysis of net assets between fund5 Unrestricted Endowment 2025 Total funds General Designated Restricted Expendable Tanoible fixed assets Current assets Current liabilities 18,099 48,806 (7,198) 18,099 280,?69 (7.198) 100,000 49,947 81,516 Total net assets 59,707 100,000 49,947 81,516 291,170 Unrestricted 2024 Total funds General Restricted Tangible fixed assets Current assets Current liabilities 15.976 94,602 {9.?00) 15,976 128,586 (9,?00) Total net assets 101,378 33,984 135,362 17 Related partv transactions There were no related party transactions in the ye. 18 Truslees remuneration and expenses No trustees, nor any persons connected with them, have re¢eived any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 20