2022-12-31-accounts - White Gold Cornwall Foundation

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		SORP reference
Summary	ofthe purposes of	Para 1.17	The objects ofthe CIOare:
the charity governing	as set out in its document		1) Toact as a resource for 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 activities
			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 of social welfare for
			people who have need by reason oftheir youth,
			age, infirmity or disability, poverty or social and
			economic circumstances with a view to
			improving the conditions oflife ofsuch persons.
			2) To promote social inclusion for the public
			benefit by preventing people from becoming
			socilally excluded, relieving the needs of those
			people who are socially excluded and assisting
			them to integrate into society.
			For the purpose ofthis clause 'socially excluded'
			means being excluded 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 skil/s
			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).
Summary ofthe main activities in relation to those purposes for the public benefit, in particuiar, the activities, projects or services				Para 1.17and 1.19	White Gold Cornwall provides 1:1mentoring for at risk/vulnerable children, young people and young adults throughout Cornwall and the Isles ofScilly.
identified	in the accounts.				This is delivered by a strong, diverse and
					experienced team operating throughout
					Cornwall. Our work builds on forming a
					relationship with the young person and
					addressing the needs and concerns highlighted
					in the referral document.
					The length ofsupport varies with each individual
					—each young person has targets set with them.
					We have worked with a young person for 5
					years, throughout their secondary education but
					as little as 6 weeks in order to overcome more
					manageable issues.
					Issues we support with are overcoming a lack of
					self-confidence, self-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.
					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.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit				Para 1.18	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		information	(optional)
You ma	choose to include further statements				where relevant about:
				SORP reference
Policy on	grant making			Para 1.38
Policy on	social investment			Para 'i.38
including	program related
investment
Contribution		made by		Para 1.38	We currently have no volunteers working with
volunteers					White Gold.

Achieve	rformance
	SORP reference
Summary ofthe main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During 2022 White Gold Cornwall supported over 100 children, young people and young adults throughout Cornwall, Our work has continued to grow since COVID with a greater need for the young people to receive support with their mental health challenges. The isolation caused by COVID had a massive effect
		on their well-being and the charity saw many
		new referrals from parents concerned for their
		children. We have been able to fund such
		referrals by donations, fundraising and grants
		enabling all that need help to receive it.
		Due to the increase in referrals we have
		strengthened our team of experienced
		engagement workers working throughout
		Cornwall, from Saltash to Penzance. With the
		increase in our workforce, we have been able to
		support throughout the County and we have
		more flexibility to manage this.
		We are actively seeking to recruit new Trustees.
		in August 2022 we appointed a new admin
		assistant to complement the team due to the
		increase in referrals being received as a charity.

Other
Financiai			Review
Review ofthe charity's financial position at the end ofthe period						Para 1.21	The charity's financial position at the 2022 is stronger and growing compared same time in 2021. Our finance team	end of to the meet
							quarterIy to monitor and discuss finances	within
							the charity and report to the Trustees and		CEO
							on a regular basis.
Statement		explaining		the		Para 1.22	Restricted reserves are held for the purposes		for
policy for holding reserves stating why they are held							which the grants or donations were given,
							The Trustees also endeavour to maintain
							designated reserves for salaries and operating
							commitments at a level equal to approximately
							3 —6 months' worth of expenditure.		It	is
							considered that this will be sufficient to cover
							unforeseen circumstances, disruptions in		cash
							flow or a loss offunding.
Amount of		reserves		held		Para 1.22	Restricted funds amount tof5,848.
							Designated funds amounted to 663,000in	total,
							being the Salary Fund off60,000, and the
							Operating Commitments Fund ofE3,000.
							The general fund amounted tof6,159.
Reasons	for		holding	zero		Para 1.22	N/A
reserves
Details offund materially					in	Para 1.24
deficit
Explanation			ofany			Para 1.23	We have no concerns.
uncertainties			about the
charity continuing as a going
concern

The charity's principal sources offunds {including any fundraising)	The charity's principal sources offunds {including any fundraising)	The charity's principal sources offunds {including any fundraising)	The charity's principal sources offunds {including any fundraising)	Para 1.47	As a charity we receive referrals from schools, colleges and also from Social Care {both Adult and Children's Services). These referrals come
					with full funding.
					2022 saw the continuation of our sponsorship
					with our donor off8,000.This will be the final
					year forthis, for which we are very grateful. This
					has assisted us with the day to day running costs
					ofthe charity and also helped towards training
					costs for our staff to develop and enhance their
					skills.
					We are still affiliated to Local Giving as our on-
					line platform for donations. We have access to
					this via our website. We continue to receive
					regular donations,
					As in past years, we work closely with partner
					organisations and none more than Cornwall
					Community Foundation who continue to be a
					great encouragement tothe charity with varying
					opportunities for funding and longer term
					grants over multiple years. This has been a
					lifeline for those young people who are referred
					to us without funding.
investment	policy and
objectives including any social investment policy adopted				Para 1.46	We do not currently have an Investment Policy but this is under consideration.
A description		ofthe	principal	Para 1.46	We have developed a risk register to highlight
risks facing	the charity				potential risks to the charity. This document is
					reviewed regularly by managers and Trustees,
					We have not identified any high-risk issues with
					high levels of likelihood. The principal risks are
					ensuring we have enough staff with the right
					skill set to work with young people exhibiting a
					wide range ofcomplex problems. Safeguarding
					issues are always a risk but are mitigated
					through careful monitoring, supervision and
					training.
Other

Description	Description	ofcharity's
trusts:
Type ofgoverning document					Constitution
How is the constituted?		charity		Para 1.25	Charitable Incorporated Organisation
Trustee selection methods including details ofany constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees				Para 1.25	We undertook a trustees skills audit. All potential trustees are interviewed by the chair (orvice chair) and CEO.All new Trustees provide a CV for discussion by the board for consideration prior to being accepted. New trustees fill identified gaps in-the boards overall
					skill set and bring comprehensive experience in
					their fields ofwork.
Additional information			(optional)
You ma	choose to include further statements				where relevant about:
Policies and adopted for and training		procedures the induction oftrustees		Para 1.51	The charity has a clear and transparent procedure on the appointment of any new Trustee. Seeabove.
					All Trustees, when appointed are given the
					charity's policies and procedures, together with
					a new Trustee Handbook setting out the roles
					and responsibilities of a Trustee. They are
					requested to read and confirm that they have
					done so.
					Iftraining isneeded we provide the training and
					match existing skill setto business needs.
					Each member of the Trustee Board has
					responsibility for certain policies which are
					shared between them given their experience in
					that field. These are reviewed annually.
The charity's structure and network with charity works		organisational any wider which the		Para 1.51	White Gold Cornwall is managed by a Board of Trustees. The Board makes decisions about policy ratification, reviews risk, revises the business plan and strategic direction of the
					organisation, as well as deciding the budget and
					monitoring income and expenditure. The Board
					also reviews the charity's delivery against its
					aims and objectives and supports the
					management with recruitment, promotion and
					retention of staff. Board members also form
					sub-groups relating to policy and procedural
					development and remuneration as and when
					required.
					There is a management team comprising the
					CEO, Operation Managers (East and West),

						Service Support Officer and ONce Manager.
						They deal with the day to day running of the
						Charity, overseen by the Trustees. Our Chair of
						Trustees regularly attends the fortnightly
						management meeting along with the Vice-Chair
						as an observer and to assist Trustees in their
						understanding ofoperational issues.
						Our Patron continues to be Colonel Edward
						Boiitho, the Lord Lieutenant ofCornwall who is
						involved and updated on a regular basis.
						Our CEO is also aTrustee on the local Truro and
						Penwith Academy Trust Board as well as a
						Trustee with the Safer Stronger Consortium.
						Both organisations provide local links to the
						community and have opportunities to gain
						insight and knowledge in community safety and
						opportunities for learning and development.
Relationship		with	any	Para	1.61	None
related	arties
Other

Funds held as custodian trustees on behalf ofothers	Funds held as custodian trustees on behalf ofothers	Funds held as custodian trustees on behalf ofothers
Description ofthe assets		N/A
held in this capacity
Name and objects ofthe		N/A
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for	N/A
safe custody and
segregation ofsuch assets
from the charity's own assets

Additional	information (optional)
Names and	addresses ofadvisers	(Optional	information)
Type of	Name	Address
adviser
Associatel	Insp. Miles Topham
Police
Name ofchief executive or names		ofsenior	staff members	(Optional information)

	Note	unrestricted	Restricted	Total	Total
		Funds	Funds	2022	2021
Income
Income from:
Donations and legacies		16,410		16,410	21,095
Charitable activities
Sessiona I work		186,825		186,825	129,896
Grants			9,500	9,500	16,925
Investments				1
Total		203,236	9,500	212,736	167,916
Expenditure
Expenditure on; Raising funds Charitable activities	6	98 201,143	7,419	98 208,562	137 174,619
Total		201,241	7,419	208,660	174,756
Net income/(expenditure)		1,995	2,081	4,076	(6,840)
Reconciliation offunds:
Total funds brought forward		67,164	3,767	70,931	77,771
Total funds carried forward		69,159	5,848	75,007	70,931

White Gold Cornwall Foundatio Balance Sheet	White Gold Cornwall Foundatio Balance Sheet	White Gold Cornwall Foundatio Balance Sheet	n
As at31December 2022
					2022		2021
			Notes
Current Assets
Debtors				21,869		12,760
Cash at bank				54,690		60,167
				76,559		72,927
Creditors: amounts		falling due within one year	10	(1,552)		{1,996)
Net current assets					75,007		70,931
Total net assets					75,007		70,931
Funds ofthe Charity			11,12
Restricted funds					5,848		3,767
Unrestricted	funds
Designated	funds			63,000		52,200
General funds				6,159		14,964
					69r159		67,164
Total funds					75,007		70,931

Donations	and legades
		2022	2021
			f
Donations		16,410	18,364
HM Revenue	ik Customs Job Retention Scheme		2,731
		16,410	21,095

				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
					f		f
Sessional	work*.
Income				178,964		178,964	121,250
Victim Care Unit work				2,861		2,861	3,646
BBO				5,000		5,000	5,000
				186,825		186,825	129,896
Grants;
Worval Foundation					5,000	5,000	5,000
Cornwall	Community	Foundation					9,474
Cornwall	Community	Foundation	-Carew Pole Trust				2,000
Cornwall	Community	Foundation	-Worval Foundation				451
Cornwall	Community	Foundation	-Turn the Tide		4,500	4,500
					9,500	9,500	16,925

Staff numbers	and costs
			2022	2021
The average number ofpersons employed		by the charity during the year
was as follows:
Charitable activities
Management	and administration
			10	7
The aggregate	payroll costs ofthese persons were as follows:
			2022	2021
			f
Wages and salaries			90,330	89,346
Social security	costs		1,792	4,420
Pension costs			637	665
			92,759	94,431

Debtors
			2022	2021
			f	f
Trade debtors			21,484	12,381
Prepayments	and accrued income		385	379
			21,869	12,760
Creditors: amounts		falling due within one year
			2022	2021
			f	f
Accruals			600	758
Taxation and	Social	Security	952	1,238
			1,552	1,996

Current year:
			Brought				Carried
			forward f	Income f	Expenditure f	Transfers f	forward
Restricted funds
Worval Foundation			577	S,OOO	{3,913)		1,664
Cornwall Community	Foundation
-Carew Pole Charitable		Trust	2,000		(2,000)
Cornwall Community	Foundation
-Turn the Tide				4,500	(1,136)		3,364
Training fund			1,190		(370)		820
			3,767	9,500	(7,419)		5,848
Designated funds
Salary fund			50,000			10,000	60,000
Operating commitments		fund	2,200			800	3,000
			52,200			10,800	63,000
General Funds
Unrestricted Income	Fund		14,964	203,236	(201,241)	(10,800)	6,159
Total Funds			70,931	212,736	(208,660)		75,007
The purposes ofthe	above funds are as follows:

Prior year:	Prior year:
				Brought				Carried
				forward	Income	Expenditure	Transfers	forward
					E	E	E	E
Restricted funds
Worval Foundation					5,000	(4,423)		577
StJames	Place			5,821		(5,825)
Cornwall	Community	Foundation		5,214	9,474	(14,688)
Cornwall	Community	Foundation
-Carew	Pole Charitable		Trust		2,000			2,000
Cornwail	Community	Foundation
-Worval	Foundation				451	(451)
glwillfund				5,000		(5,000)
Training	fund			2,000		(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
							14,800	52,200
General	Funds
Unrestricted Income		Fund		22,336	1S0,991	(143,559)	(14,804)	14,964
Total Funds				77,771	167,916	(174,756)		70,931

Net	assets
		Unrestricted	Restricted	Total	Total
		funds	funds	2022	2021
		f	f	f	f
Net	assets	69,159	5,848	75,007	70,931