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2020-12-31-accounts

Trustee name Office (ifany) Dates acted ifnot for who(a
ear		 Name
to a		 ofperson (or body) entitled
oint trustee
ifan		 ofperson (or body) entitled
oint trustee
ifan
John Cousins Chair
Judith
Dumbrell		 Treasurer
3 Bob Crossland
4 John Green
5 Howard Stevens
6 Larry Sharma
Geoff Tate
8 Jo Duncan

You may choose You may choose You may choose You may choose You may choose to include to include
further statements,
relevant,
about:		 where White
Gold
Cornwall
are supported
by volunteers,
when
needed,
who
come alongside
the Charity
to support
young
people where there
is no
~ policy on grantmaking; funding
available
and where
they wish to give something		 back to their
~ policy programme
investment;		 related community
having
had similar experiences
themselves.
Our volunteers
are given the same training
and induction
as paid engagement
workers
and are given access to support and supervision.
~ contribution made by
volunteers.
~ ~ e
~
~
~
Summary ofthe main
achievements
of
during the year		 the charity During 2020 White Gold Comwall
supported
108children,
young
people
and
young
adults
throughout
Cornwall.
This number
has decreased
since 2019due to the restrictions
placed by COVID.
However,
we
continued
to
see
the
young		 people
via
SKYPE/Zoom/Teams
and
by telephone
communication
to		 maintain
the
relationship
with the young
people.
After a short
period,		 face to face
sessions
were
resumed
following
a comprehensive
Risk		 Assessment
prepared
by one of our Trustees
with significant
knowledge		 in this field.
This was a major achievement
for White Gold, as a small		 charity,
when
other larger organisations
continued
with remote support.
We have seen an increase
in partnership
working
and
referrals
being
received
under the National
Lottery funded
Building Better		 Opportunities
Game
Changer
Programme
(BBO)
managed
by		 Real
Ideas
Organisation
(RIO).
New working
relationships
between
White Gold and other		 organisations
have been established
i.e. NHS Trust,
CAHMS,
Probation		 Service and
Citizens Advice.
In July 2020 our Office Manager
received the tirst Unsung		 Hero Award
from the serving
High Sheriff of Cornwall
for her work carried out during
COVID.
As seen below White Gold Cornwall
was nominated
to be		 the Charity
of
the Year at Perranporth
Golf Club which again highlighted
the charity with
local fundraising
activities.
The Trustees
aim to maintain
free reserves
in unrestricted
funds
at a
Brief statement ofthe level
which
equates
to approximately
3 —6 months
of unrestricted
charity's policy on reserves charitable
expenditure.
The Trustees consider that this level will provide
sufficient
funds
to respond
to applications
for grants
and
ensure
that
there
are sufficient
funds
available
to cover support
and
governance
costs.
Details ofanY
in deficit		 funds materially No
ne.
Further financial review details (Optional
information)
You may
additional
relevant		 choose to
information,
about:		 include
where		 2020 has continued
to be a successful
year for White Gold despite the
period of COVID, both
in terms of supporting
young
people
and also in
terms of continuing
to obtain funding.
One of the key factors
in enabling
~ the charity's principal both was the decision
to continue
offering
services
to young
people,
sources of funds (including remotely
at first, but then face toface as soon as circumstances
allowed.
~ any fundraising);
how expenditure
has
suppprted
the key p~bjectives
ofthe charity;
"'""		 As stated above White Gold Cornwall
was fortunate
to be nominated
as
the Charity ofthe Year at Perranporth
Golf Club and funds were donated
in April 2021.
~ investment policy and In
May
2020 the
Duchy
Health
Charity
awarded
us F5,000 as an
objectives including any unrestricted
grant to assist us in continuing
through
the lockdown
and
ethical investment policy period following.
adopted.
Due to the reduction
in referrals
being received and the charity wishing to
remain
open
to the
vulnerable
young
people
we
support,
Cornwall
Community
Foundation
awarded
us 2 grants from their Emergency
Fund
for core costs to enable the charity to continue to operate and survive
this
period.
Both the CEO and Office Manager took a reduction
in salaries to
80'/o during
this time to enable the support to continue.
Our Office Manager
decided to challenge
herself to carry out the Couch
to 5KChallenge
and raised over F600 for the charity.
Following
on from that the family of our CEO undertook
a 100,000steps
in a day challenge
and raised E2,170for the work ofWhite Gold.
As an
organisation,
we encourage
the staff and trustee team to get involved
in
and promote
fundraising
and although
opportunities
for the organisation
to hold fundraising
events
have been
limited
this year, both challenges
demonstrate
a willingness
by the team
look for ways
we can
"help
ourselves"
and show our commitment
to prospective
grant
makers
and
donoi's.
In November
2020 we were delighted
to hear that local sponsors
wanted
to support the work of White Gold and we received
confirmation
that we
would receive E8,000 per year over a 3year period.
We were also given
a one-off training
budget of F2,000. This
in total was an investment
of
f26,000.
In December 2020 we received aF5,000 grant from Cornwall
Community
Foundation
under their ¹Iwillfund
campaign
which enabled
us to create a
0.5sessional worker post to add to the team already
in place.
Events
during
2021 have already
been
planned
to fundraise
within
the
Chari
itself in s ite ofcurrent restrictions
laced u on the locali

Page
Independent examiner's
report
Statement of financial activities
8alance sheet
Notes to the financial statements 4-10

Note Unrestricted Restricted Total Total
Funds Funds 2020 2019
Income
Income from:
Donations
and legacies		 25,093 2,000 27,093 2,782
Charitable
activities
Sessional work 121,665 121,665 205'279
Grants 5,000 21,137 26,137 19,516
Other trading activities
Fundraising
events		 4,425
Investments 12
Total 151,761 23'137 174,898 232,014
Expenditure
Expenditure on:
Raisingfunds 155 155 2,495
Charitable
activities		 6 125,815 17,326 143,141 226,859
Total 12S,970 17,326 143,296 229,354
Net income 7 25,791 5,811 31,602 2,660
Transfers between funds
Net movements
in funds		 25,791 Sp811 31,602 2,660
Reconciliation offunds:
Total funds brought forward as originally stated 33,945 12,224 46,169 47,648
Prior year adjustment i4,139)
Total funds brought forward as adjusted 33,945 12,224 46,169 43,509
Total funds carried forward ~9.736 R8,085 77,771 46,169

White Gold Cor
Balance Sheet		 White Gold Cor
Balance Sheet		 White Gold Cor
Balance Sheet		 nwall
Fou		 ndation
Asat31December 2020
2020 2019
Notes
Current Assets
Debtors 10 11,207 25,341
Cash at bank 68,515 22,853
79,722 48,194
Creditors: amounts falling due within one year 11 (1,951) (2,025)
Net current assets 77,771 46,169
Total net assets 17771, 46,169
Funds ofthe Charity 12,13
Restricted funds 18,035 12,224
Unrestricted funds
Designated funds 37,400 29,300
General funds 22,336 4,645
59,736 33,945
Total funds 77,771 46,169
The financial statements were approved by the Board ofTrustees on
and were signed on its behalf by:
John Cousins D.~ y [ io ~ 2-&"'2I
Chairman

Donations and legacies
2020 2019
6 f
Donations 15,865 1,336
Radio Cornwag Collection 1,446
HM Revenue & Customs Job Retention Scheme 11,228
27093 2782

4 Charitable activldes
Unrestricted Restricted Total Total
funds funds 2020 2019
f f E f
Sessional work:
Income 109,619 109,619 203,317
Victim Care Unit work 5,046 5,046 1,962
BBO 7,000 7,000
121,665 121,665 205,279
Grants:
BBO 4,000
Worval Foundation 516
GWR Fund 5,000
StJames Palace 10,000
Cornwall Community Foundation 15,429 15,429
¹Iwillfund 5,000 5,000
Together For Families 708 708
The Duchy Health Charity 5,000 5,000
5,000 21,137 26,137 19,516
Income from investments
Unrestricted Restricted Total Total
funds funds 2020 2019
f f E
Bank interest receivable 3 12
Expenditure on charitable activities
Unrestricted Restricted Total Total
funds funds 2020 2019
f f f f
Support costs 25,743 315 26,058 39,842
5essional work 100,072 17,011 117,083 187,017
Total expendi ture 125,815 17,326 143,141 226,859

7 Net income for the year Net income for the year 2020 2019
f f
This isstated after charging:
Operating
leases		 2,600 2,600
& Prior year adjustment Unrestricted Restricted Total Total
funds funds 2020 2019
E f E f
Grant income 3,019
Support costs 1,120
4,139
Accounting
errors in		 the 2018accounts were identified during the preparation ofthe 2019 accounts. Income
had been duplicated and a debtor and creditor had been omitted. Expenditure had also been mis-analysed
between
restricted
and unrestricted		 funds.
9 Staff numbers
and costs
2020 2019
The average number ofpersons employed by the charity during the year
was as follows:
Charitable
activities
Management
and administration
6 5
The aggregate
payroll costs ofthese		 persons were as follows:
2020 2019
f
Wages and salaries 68,538 82,086
Social security costs 2,942 695
Pension costs 396 400
71,876 83,181

10 Debtors
2020 2019
f
Trade debtors 11,207 25,341
11,207 25,341
11 Creditors: amounts falling due within one year
2020 2019
f f
Trade creditors 237
Accruals 874 229
Taxation and Social Secuiity 840 1,796
1,951 2,025
Current year:
Brought forward Carried
(as restated)
f		 Income
f		 Expenditure
f		 Transfers
f		 forward
f
Restricted funds
GWR Fund 3,560 (3,560)
StJames Palace 8,664 (2,843) 5„821
Comwag Community Foundation 15,429 (10,215) 5,214
¹Iwillfund 5,000 5,000
Together For Families 708 P08)
Training fund 2,000 2,000
12,224 23,137 (17,326 18,035
Designated
funds
Salary fund
Operating
commitments		 fund 27,000
2,300		 8,000
100		 35,000
2,400
29,300 8,100 37,400
General Funds
Unrestricted
Income		 Fund 4,645 151,761 (125,970) (8,100) 22,336
Total Funds 46,169 174,898 (143,296) 77,771

Prior year:
Brought Carried
forward Income Expenditure Transfers forward
E E f E E
Restricted funds
Trust 360 4,128 (4,128)
Worval Foundation 4,115 516 (4,631)
GWR Fund 5,000 (1440) 3,560
StJames Palace 10,000 (1,336) 8,664
8,243 15,516 (11,535) 12,224
Designated funds
Salary fund 30,000 (3,000) 27,000
Operating commitments fund 2,300 2,300
30,000 (700) 29,300
General Funds
Unrestricted Income Fund 5,266 216,498 (217,819) 700 4,645
Total Funds 43,509 232,014 (229,354) - 46,169