## ||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| ## ## ## ## ## ## ## ## ## ## ##