2021-12-31-accounts - White Gold Cornwall Foundation

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		Office (lfany)
	Robert Stevens	Chair
	Crossland
2	Joanne Duncan	Vice-Chair
3	Judith Dumbrell	Treasurer
4	John Green
5	Howard Stevens
6	Larry Sharma
7	Geoffrey Tate

D	escription	ofthe charityjs tru	ofthe charityjs tru	sts	sts
	Type	of governing document		Constitution
	How the charity is constituted				Charitable Incorporated Organisation
	Trustee selection methods			All new	Trustees that are voted onto the Board already possess extensive
				and comprehensive experience in their previous fields ofwork. They bring
				their own skill set and have capacity to support the business through
				Board	attendance and contribution. If training is needed our organisation
				will provide the training and match existing skill set to business needs.
Additional		governance issues		(Optional	information}
You may choose to include additional information, where relevant, about:				~	All Trustees, when appointed are given White Gold Cornwall's policies and procedures. They are requested to read and confirm that they have done so. Each member of the Trustee Board has responsibility for certain policies which are shared between them
~	policies	and procedures			given their experience in that field. These are reviewed annually.
	adopted	for the induction	and
	training	oftrustees;		~	All Trustees give of their time freely and no trustee remuneration
~	the charity's organisational				was paid this year.
	structure network works;	and any wider with which the charity		~	Structure and Decision Making: White Gold Comwall is managed by an elected Board of Trustees. The Board makes decisions about policy ratification, revises the business plan and strategic direction
~	relationship with any related				of the organisation, as well as deciding the budget and monitoring
	parties;				income and expenditure. The Board also reviews the charity's
~	trustees' consideration of major risks and the system and procedures to manage them.				delivery against its aims and objectives and supports the management with recruitment, promotion and retention of staff and volunteers. Board members may also form sub-groups relating to policy and procedural development as and when required.
				~	There is a management team of the CEO, Operation Managers
					(East and West), ONce Manager and a new position of Service
					Support Manager which was created in 2021. They deal with the
					day to day running of the Charity, overseen by the Trustee Board.
					Our Chair of Trustees regularly attends the weekly management
					meeting along with another Trustee for transparency. Due to the
					COVID restrictions we started to meet via Zoom which has been
					effective and more eNcient on time and cost.
				~	Our Patron is Colonel Edward Bolitho, the Lord Lieutenant of
					Cornwall who is involved and updated on a regular basis.

		0 ~ ~ 0
		The objects ofthe ClO are:
		1) Toactas a resourcefor young people up to the age of 30 living
		in Cornwall and the Isles of Scilly by providing advice and assistance and organising programmes of physical, educational
		and other ac5vtties as a means of:
		(a) advancing in life and helping young people by developing their skills,
		capacities and capabilities to enable them to participate in society as
		independent, mature and responsible individuals;
		(b) advancing education;
		(c) relieving unemployment; (d) providing recreational and leisure time activity in the interests ofsocial
		welfare for people living in the area of benefit who have need by reason
Summary ofthe obJects ofthe charity set out in its		of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such
governing	document	persons.
		2) To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of
		those people who are socially excluded and assisting them to
		Integrate into society.
		For the purpose of this dause 'socially excluded' means being exduded
		from society, or parts of society, as a result of one of more of the
		following factors: unemployment; financial hardship; youth; ill health
		(physical or mental); substance abuse or dependency including alcohol
		and drugs; poor educational or skills attainment; relationship and family
		breakdown; crime (either as a victim of crime, as an individual at risk of
		becoming involved with the Criminal Justice System or as an offender
		rehabilitating into society).

		White Gold Comwall provides 1:1 mentoring for the most at
		risk/vulnerable children, young people and young adults throughout
		Comwall and the Isles ofScilly.
		This is brought by a strong, diverse and experienced team operating
		throughout Comwall. Our work builds on forming a relationship with the
		young person and addressing the needs and concerns highlighted in the
		referral document.
		The length of support varies with each individual —each young person is
Summary ofthe main activities undertaken for	the	considered as their own individual and specific targets are set with them. We have worked with a young person for 5 years, throughout their
public benefit in relation to these objects (include within		secondary education but as little as 6 weeks in order to overcome more manageable issues.
this section the statutory declaration that trustees	have	Issues we support with are overcoming a lack of self-confidence, self-
had regard to the guidance issued by the Charity Commission on public		esteem, improving health and mental well-being, physical and mental abuse. We also support and signpost those young people who are struggling with drug and alcohol mis-use.
benefit)
		We aim to help prevent the young people from becoming socially
		excluded within their own families, peers and communities. We work with
		communities to partner with them to promote public safety and
		reintegration for the young people.
		The Trustees confirm that they have referred to the guidance contained
		in the Charity Commission's general guidance on public benefit when
		reviewing the Charity's aims and objectives and in planning future
		activities and setting the grant making policy and budget for the year.
Additional details ofobjectives		and activities (Optional information)
You may choose to include
further statements, where relevant, about:		White Gold Cornwall have been supported by volunteers in previous years. However, due to COVID we had no active volunteers during 2021.
~ policy on grantmaking;
~ policy programme related
investment;

~	~	~			a a a r s ~ ~
Summary		ofthe		main
achievements ofthe charity during the year					During 2021 White Gold Cornwall supported 97 children, young people and young adults throughout Comwall. Of these, 19were female. This
					number has decreased since 2020, only slightly due to the ongoing
					restrictions placed by COVID together with a reduction in the Social	Care
					budget for support.
					We continued to support 1:1 with our young people, face to	face,
					following our policies, procedures and guidance. This, in part, allowed us
					to receive emergency funding and grants to support us during this year.
					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).
					Our Contract has been extended into 2022 to complete this Project.
					As stated above we have been able to appoint a new Service Support
					Manager who is our designated Safeguarding Officer/trainer,	Data
					Protection Ofhcer, overseer of our policies/procedures and	risk
					management.
					We have also appointed 3 new contracted workers to strengthen	our
					team ofengagement workers.
4
	~
					The Trustees aim to maintain free reserves in unrestricted funds	at a
Briefstatement				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		None.
Further	financial			review details	(Optional information)

You may choose to additional information, relevant about:	You may choose to additional information, relevant about:	include where	include where	Although our accounts show a slight deficit in our financial position, we look at 2020 and see that we had a F32,000 credit of funds that were raised in 2020 but to be used in 2021. Therefore, taking both years into
~	the charity's principal sources offunds (including			account we have a surplus of R25,000 overall from the 2 years and will take some ofthat into 2022.
	any fundraising);
~	how expenditure has supported the key objectives ofthe charity;			2021 has continued to be a successful year for White Gold despite the ongoing 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 both was the decision to continue offering services to young
~	investment policy	and		people and remain operational throughout.
	objectives including		any
	ethical investment		policy	We again received support from local businesses and organisations who
	adopted.			wanted to continue the work that had been commenced from 2020. We
				were able to receive the final cheque for the 2020 fundraising activities
				through Perranporth Golf Club in the sum of6802.34 in June of2021.
				Cornwall Community Foundation continue to be a great encouragement
				to White Gold and with varying grants we have continued supporting
				some ofthe young people when funding from other sources has ceased.
				This has been vital to continue their journey back into education, training
				or the community.
				We remain afmiated to Local Giving and this provides an accessible
				platform for donors and organisations to donate tothe charity.
				Our sponsors confirmed their willingness to continue with their annual
				financial support for White Gold ofF8,000 into 2022. This has helped us
				with our ongoing core costs and has been a lifeline to freeing up other
				finance for those young people without financial support.

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

		Iyofe	Unrestricted	Restricted	Total	Total
			Funds	Funds	2021	2020
Income
Income from:
Donations and legacies			21,095		21,095	27,093
Charitable activities
Sessional work			129,896		129,896	121,665
Grants				16,925	16,925	26,137
Investments						3
Total			150,991	16,925	167,916	174,898
Expenditure
Expenditure on:
Raising funds			137		137	155
Charitable activities		6	143,422	31,197	174,619	143,141
Total			143,559	31,197	174,756	143,296
Net income/(expenditure)			7,432	14,2/2)	(6,840)	31,602
Transfers between	funds		(4)
Net movements in	funds		7,428	(14,268)	(6,840	31,602
Reconciliation offunds:
Total funds brought	forward		59,736	1&,035	77,771	46,169
Total funds carried	forward		67,164	3,767	70,931	77,771

		2021	2020
			f
Donations		18,364	15,865
HM Revenue	&Customs lob Retention Scheme	2,731	11,228
		21&095	27,093

Charitable	activities
				Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
					f	E	f
Sessional	work:
Income				121,250		121,250	109,619
Victim Care Unit work				3,646		3,646	5,046
BBO				5,QOO		5,000	7,QOO
				129,896		129+96	121,665
Grants:
Worval Foundation					S,OOO	5,000
Cornwall	Community	Foundation			9,474	9,474	15,429
Cornwall	Community	Foundation	- Carew Pole Trust		2,000	2,000
Cornwall	Community	Foundation	-Worval Foundation		451	451
«lwilifund							5,000
Together	For Families						708
The Duchy Health Charity							5,000
					16,925	16,925	26,137

5	Income from	investments
				Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
				f	f		f
	Bank interest	receivable
6	Expenditure	on charitable	activities
				Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
						E	f
	Support costs			40,273	810	41,083	26,058
	Sessional work			103,149	30,387	133,536	117,083
	Total expenditure			143,422	31,197	174,619	143,141
7	Net income	for the year
						2021	2020
						f	f
	This is stated	after charging:
	Operating leases					2,600	2,600

Staff numbers and co	sts
								2021	2020
The average number ofpersons employed			by the charity during the year
was as follows:
Charitable actiwties
Management and administration
The aggregate payroll	costs of these persons were as follows:
								2021	2020
								6	f
Wages and salanes								89,346	68,538
Socia( security costs								4420	2 947
Pension costs								665	396
								94,431	71,876
No employee received	emoluinents	of more than 860,000during the year (2020: none).
Total key management	personnel	remuneration		in the year	was 834,896(2020:E33,690}.
The charity contributes to a defined contributions pension scheme. The						assets of the scheme are held separately
from those ofthe chanty in an independently				administered	fund. At the	year end, 6142	was outstanding	(2020:f78).
Pension contribution	expenses have been		allocated between		restricted	and unrestricted	funds on the basis of time
spent on those activities relating to the fund by the relevant					staff members

9	Debtors
			2021	2020
			6	f
	Trade debtors		12,381	11,207
	Prepayments		379
			12,760	11,207
10	Creditors: amounts	fa(f}ng due within one year
			2021	2020
			6	f
	Trade creditors			237
	Accruals		758	874
	Taxation and Social	Security	1,238	840
			1,996	1,951

Current y	ear:
				Brought				Carried
				forward	Income	Expenditure	Transfers	forward
				f	E	E	E	E
Restricted funds
Worval Foundation						{4,423)		577
StJames	Palace			5,821		(5,825)
Cornwall	Community	Foundation		5,214	9,474	(14,688)
Cornwall	Community	Foundation
- Carew	Pole Charitable		Trust-
Cornwall	Community	Foundation
- Worval	Foundation				451	(451)
Alwillfund						(5,000)
Training	fund					(810)		1,190
				18,035	16,925	(31,197)	4	3,767
Designated funds
Salary fund				35,000			15,000	50,000
Operating	commitments		fund	2,400			(200)	2,200
				37,400			14,SOO	52,200
General	Funds
Unrestricted Income		Fund		22,336	150,991	(143,559)	(14,804)	14,964
Total Funds				77,771	167,916	(174,756)		70,931
The purposes ofthe		above funds are as follows:

Prior year:
				Brought				Carried
				forward	Income	Expenditure	Transfers	forward
				E	E	f	f	f
Restricted funds
GWR Fund				3,560		(3,560)
StJames Palace				8,664		(2,843}		5,821
Cornwall Community		Foundation			15,429	(10,215)		5,214
¹lwilifund					5,000			5,000
Together For	Families				708	(708}
Training fund					2,000
				12,224	23,137	(17,326)		18,035
Designated funds
Salary fund				27,000			8,000	35,000
Operating commitments			fund	2,300			100	2,400
				29,300			8,100	37,400
General Funds
Unrestricted	Income	Fund		4,645	151,761	(125,970)	(8,100)	22,336
TotalFunds				46,169	174,898	(143,296)	-	77,771

Net	assets
		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
		E	f	f	f
Net	assets	67,164	3,767	70,931	77,771