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2021-03-31-accounts

Gwealan Tops Adventure Playground

A Charitable Incorporated Organisation

Charity No. 1177542

Company No. CE013529

Trustees' Report and Unaudited Accounts

31 March 2021

Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS

Gwealan Tops Adventure Playground CONTENTS

Pages
Trustees' Annual Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 18

Page 1

Gwealan Tops Adventure Playground TRUSTEES ANNUAL REPORT

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE013529

Charity No. 1177542

Registered Office

Gweal an Top School Lane Redruth Corwnall TR15 2ER

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Catriona Venner De Cortez Elizabethe Williams Joanna Howard Karen Bode (Resigned 15 September 2020) Stephanie Bado (Resigned 15 September 2020) Victoria Strugnell (Resigned 18 May 2021)

Key Management Personnel

Play project administrator Kerry Raymond Playground manager Bridget Handscomb Playground manager John Fitzpatrick

Accountants

Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS

Bankers

Co-operative Bank 7/8 St Nicholas Street Truro Cornwall TR1 2RL

Page 2

Gwealan Tops Adventure Playground TRUSTEES ANNUAL REPORT

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.

OBJECTIVES AND ACTIVITIES

The objects of the charity are to promote the education, physical and emotional development, in particular but not exclusively of children and young people through the provision of free, inclusive adventure play opportunities and community facilities.

Ensuring our work delivers our Aims:

Gwealan Tops AP reviews its aims, objectives and activity throughout the year to ensure that they are developed in accordance within our stated charitable purposes.

How our activities deliver public benefit:

Our charitable activities focus on providing access to high quality and inclusive play and development opportunities. We do this through our own delivery, work with partners and by managing the community building which provides a venue for a wide range of charities working with children, families and local residents including those from vulnerable groups.

Play is a vital part of any childhood and has proven developmental, educational, physical, social and emotional benefits. We serve some of the most disadvantaged communities in Cornwall where these benefits can have the potential to have the greatest impact.

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims & objectives and in planning our future activities.

Safeguarding:

Gwealan Tops AP has a Safeguarding Policy and Procedures in place. There is a Designated Safeguarding Officer and a named trustee officer for this role who are trained to Level 4 in Safeguarding .

All playworkers (freelance, workers or employed) and staff must undertake enhanced DBS checks and receive a minimum of Level 1 Safeguarding training. Any staff working with children must complete a minimum of Level 2. Any volunteers engaged in regulated activity will also carry out an enhanced DBS check and receive a minimum of Level 1 Safeguarding training.

Page 3

Gwealan Tops Adventure Playground TRUSTEES ANNUAL REPORT

ACHIEVEMENTS AND PERFORMANCE

The focus of our work:

Our main purpose continues to be delivering children’s and young people’s services and facilitating high quality play opportunities. In January 2020 we received a further three-year grant from The National Lottery and had plans to continue to provide our full opening of our 5 day a week, 50 weeks a year service. We offered additional activities to under 5s and their parents/carers, set up the Dads and Kids breakfast club, negotiated gardening opportunities to be opened out for local community and education groups, provided Science Clubs for home educated children and ran cooking sessions for 6-16 year olds. And then the pandemic hit. Our response to the lockdown situation involved major revisions of Health and Safety to incorporate a Coronavirus Strategy. We set up Zoom meetings with staff and trustees and participated in local, regional and national networks. Most of our staff were on furlough during this period but with limited hours we were able to support our local community, schools and vulnerable families by redistributing food, offering family support to help children and ensuring appropriate information was shared. We posted 50 daily play challenges on our social media platforms, offered online Science Club sessions for home educated children and ran a virtual Readfest reaching over 800 people.

In July we were able to prepare for re-opening under the ‘new normal’. We visited schools and liaised with similar providers to learn from each other. We had our own outdoor team meeting, and our venue was used by other organisations to meet outside and at social distance. There was a lot of preparation to establish new hygiene and social distancing protocols and introduce new cleaning regimes. We also attending virtual team meetings with social care teams to offer sessions for specific households or children who were under stress or vulnerable.

We delivered a full summer programme running sessions for six bubbles of fifteen children on five days a week over the school holiday period from the end of July to the beginning of September. The children and young people warmly embraced the opportunities this gave them – re-establishing friendships, making new relationships, experiencing the freedom and space to play which had been so sorely missed. Children need to play and this was demonstrated now more than ever. It helps them make sense of the world around them, explore possibilities and develop their resilience. We have published a small, illustrated book called ‘Strange Times’ capturing the experiences of Summer 2020 on the playground.

From September we ran five day a week services which also helped with the settling in period for children returning to their old schools or transitioning from primary to secondary school. The playground is a safe place to talk, play, express emotions, have respite and recovery from other stresses – the children and their families told us how important their time spent at GTAP has been to coping with the challenges they are facing. At a time when most services were closed including schools, we were open and able to operate outdoors under government guidelines.

Throughout August, September, and October we delivered numerous sessions and had success with our new Dads and Kids Breakfast Club, Cubs in the Wild, Science Club, Mural Project and Outdoor Youth Club. Unfortunately, November saw another lockdown and again we redistributed food and maintained contact with individuals and groups through online communication. On return in December the sessions, and especially the Outdoor Youth Club, proved popular and vital to children and young people’s well-being. On New Year’s Eve nearly 50 children and young people came to a special play session to say goodbye to 2020 and joined in with a campfire where messages and artefacts were burned in acknowledgement of the events of the past year.

Page 4

Gwealan Tops Adventure Playground TRUSTEES ANNUAL REPORT

Unfortunately, we then entered another national lockdown. The core Playwork Team worked under Covid-safe protocols, updated and carried out risk assessments and fully checked the site, buildings, equipment, resources and structures. During this period staff and trustees undertook continuous professional development including distant learning qualifications, reflective practice networks, team sessions on Zoom and online short courses. The data systems were redeveloped and a new online registration system launched at the end of March. This ensured that the playground was ready for both the annual safety inspection and the anticipated re-opening of play services starting with the school Easter holidays in April 2021.

Throughout lockdown and during opening periods the charity continued to work with partners who benefit from use of the community building and our outside space. This year office rooms have been leased to Home Start Kernow, CEDA (Cornwall English & Dramatic Arts) and RIO (Real Ideas Organisation), as well as to a wide range of other partners who have used our venue to deliver services for children and vulnerable people or for professional development. These include Carefree Cornwall, CN4C (Cornwall Neighbourhoods for Change), Bingo, Cornwall Amateur Radio Club, CDSSG (Cornwall Downs Syndrome Support Group), IgniteYou, Camborne and Redruth District Lions, and Redruth Town Council.

FINANCIAL REVIEW

The charity secured a total income of £153,390, in the financial year 2020/21 (£161,709 2019/20). Of this £36,718 was unrestricted (£25,850 2019/20). This unrestricted income includes Cornwall Council business support grants as well as leases and rental of rooms which constitutes the main regular part of our income and which was substantially reduced during this year. Unrestricted income is used to cover the costs of running the building with a small amount going into reserves to help prepare for the future when we do not have lottery funding. Any additional income is invested in play delivery and resources.

Reserves Policy:

The Committee has established a policy whereby the free unrestricted funds not designated or invested in tangible fixed assets held by the charity should be 3 months of the annual operating costs. This is currently calculated as £35,615 whilst the actual reserve is £41,091 (2020: 25,326.)

It has also been agreed that £2,000 was to be reserved to cover the expected cost of utilities yet to be recharged by Cornwall Council due to outstanding difficulties the Council is having in calculating the costs accurately. Cornwall Council have resolved billing for electricity but have yet to resolve gas and water. Due to the uncertainty surrounding this cost no value is shown in the accounts to date.

PLANS FOR FUTURE PERIODS

Organisational Development:

Building on last year’s change of status to become a Charitable Incorporated Organisation (CIO) we have continued to improve the policies and procedures of the organisation and create more effective practices. The finances, risk management, safety & administrative processes have been improved and the existing good practice enhanced & further embedded. The assets and employees of Gwealan Tops were all transferred to the new CIO, new bank accounts established and book-keeping methods upgraded.

Page 5

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Gwealan Tops Adventure Playground INDEPENDENT EXAMINERS REPORT

Independent Examiner's Report to the trustees of Gwealan Tops Adventure Playground

I report to the charity trustees on my examination of the accounts of Gwealan Tops Adventure Playground for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Debbie Risborough Association of Chartered Certified Accountants Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS 16 November 2021

Page 7

Gwealan Tops Adventure Playground STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2021

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total
Expenditure on:
Charitable activities
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 Unrestrict
ed funds

2021
£
1,564
35,100
54		 Restricted
funds
2021
£
-
116,672
-		 Total
funds
2021
£
1,564
151,772
54		 Total
funds
2020
£
3,069
158,577
63
36,718
31,905		 116,672
110,557		 153,390
142,462		 161,709
131,810
31,905
-		 110,557
-		 142,462
-		 131,810
-
4,813
4,586		 6,115
(4,586)		 10,928
-		 29,899
-
9,399 1,529 10,928
10,928
92,519		 29,899
29,899
62,620
9,399
51,690		 1,529
40,829
61,089 42,358 103,447 92,519

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Page 8

IIA I.,1 NI( 1,: .5111,: I,:'I' 9.81.fj ).815 C"ui-rt'lll As.%L'ts Ca<h al liaiik aiid iii Iidl)cl 14,(}1)7 1)7,(){1_3 )7,()111 8(1,6(154 81),608 (2,7R6) Creditoi's: Aniouiit f<111iiig dLlC wiiliiii ()Iic ycar 'et curi'cnt as.%cts I'otal assets less current lial)ilities 'et assets eicludiilg pension Asset or liability ).3,1)32 1113,447 103,447 92,519 Total net assets 103,447 92,519 The funds of the charity Restricted funds Restricted income funds 12 42,358 42,358 40,829 LIO,829 L, nrestricted funds General funds Desi.onated funds 12 41,091 19,998 25,326 26,364 61.089 51.690 Totsl funds 103,447 92,519 These accounts have been prepared in accordance with the special provisions of Part 15 ot the Companies Act 2006 relatino lo small companies. For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with seetion 476 of the Companies Act 2006. The directors acknowledge th¢ir responsibilities for complying with the requirements of ihe Companies Aci 2006 with respect lo accounting records and ihe prcp¢iralion of a¢¢ouiits. Approved by the board on 16 November 2021 And signed on its behalf by.. EIi7Abethe Williams Trusl¢e 16 November 2021 P3Re 9

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

for the year ended 31 March 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The charity constitutes a public benefit entity as defined by FRS102.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted These are available for use at the discretion of the trustees in furtherance of the
funds general objects of the charity.
Designated
funds These are unrestricted funds earmarked by the trustees for particular purposes.
Revaluation These are unrestricted funds which include a revaluation reserve representing the
funds restatement of investment assets at their market values.
Restricted These are available for use subject to restrictions imposed by the donor or
funds through terms of an appeal.

Page 10

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with Where income has related expenditure the income and related expenditure is
related reported gross in the SoFA.
expenditure
Donations and Voluntary income received by way of grants, donations and gifts is included in
legacies the the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims Income from tax reclaims is included in the SoFA at the same time as the
on donations gift/donation to which it relates.
and gifts
Donated These are only included in income (with an equivalent amount in expenditure)
services and where the benefit to the Charity is reasonably quantifiable, measurable and
facilities material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment This is included in the accounts when receivable.
income
Gains/(losses) This includes any gain or loss resulting from revaluing investments to market
on revaluation value at the end of the year.
of fixed assets
Gains/(losses) This includes any gain or loss on the sale of investments.
on investment
assets
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT
expenditure which cannot be fully recovered, and is reported as part of the expenditure to
which it relates.
Expenditure These comprise the costs associated with attracting voluntary income, fundraising
on raising trading costs and investment management costs.
funds
Expenditure These comprise the costs incurred by the Charity in the delivery of its activities
on charitable and services in the furtherance of its objects, including the making of grants and
activities governance costs.
Grants All grant expenditure is accounted for on an actual paid basis plus an accrual for
payable grants that have been approved by the trustees at the end of the year but not yet
paid.
Governance These include those costs associated with meeting the constitutional and statutory
costs requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Other These are support costs not allocated to a particular activity.
expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 11

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS Tangible fixed assets and depreciation

Individual fixed assets costing £250 or more are initially recorded at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office Equipment 25% straight line basis Plant & Equipment 25% straight line basis

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Page 12

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Statement of cash flows

The charity is exempt from preparing a statement of cash flows on the grounds that it is a small charity

2 Company status

The organisation is a charitable incorporated organisation and consequently does not have share capital.

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments
from:
Donations and
legacies
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 Unrestricted
funds
2020
£
3,069

22,718
63
25,850
32,092
32,092
(6,242)
440
(5,802)
(5,802)
57,492
51,690		 Restricted
funds
2020
£
-
135,859
-
135,859
99,718
99,718
36,141
(440)
35,701
35,701
5,128		 Total
funds
2020
£
3,069
158,577
63
161,709
131,810
131,810
29,899
29,899
29,899
62,620
40,829 92,519

Page 13

Income from donations and

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

4 legacies


Income from donations and
legacies
Donations and
Legacies		 Unrestricted
£
1,564
1,564		 Total
2021
£
1,564
1,564		 Total
2020
£
3,069
3,069

5 Income from charitable activities

Grant
Income:
Big Lottery
Arts Council
Tesco
Cornwall Council
HMRC Furlough
UK Youth Fund
Postcode Lottery
Cornwall Community
Foundation
Other grants
Primary Purpose
Trading:
Rental Income
Lease Income
Solar panels
Other charitable
income
Income from investments
Interest on cash
deposits		 Unrestricted
£
-
-
-
19,431
-
-
-
-
-
13,378
-
177
2,114
35,100		 Restricted
£
Unrestricted
£
73,476
7,416
500
1,440
33,840
-
-
-
-
-
-
-
-
116,672
54
54		 Total
2021
£
Total
2021
£
73,476
7,416
500
20,871
33,840
-
-
-
-
13,378
-
177
2,114
151,772
54
54		 Total
2020
£
98,429
-
1,000
-
-
7,970
20,000
4,960
3,500
10,700
10,750
1,268
-
158,577
Total
2020
£
63
63

6 Income from investments

Page 14

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

Expenditure on charitable 7 activities

Direct expenditure on
charitable activities
Waste disposal
Health & safety
Play resources
Support Costs
Wages
Staff NIC (Employers)
Pensions
Staff training
Travel and subsistence
Rent & rates
Light, heat and power
Insurance
Repairs & renewals
Telephone and fax
Printing, postage and
stationery
Subscriptions
sundry expenses
Cleaning
Marketing and
promotion
Consultancy fees
Legal and professional
fees
Depreciation
Governance costs
Accountancy fees
Independent
examination of the
charity's accounts
8Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets		 39
Unrestricted
£
869
299
136
9,091
-
-
169
119
-
711
-
2,716
529
254
22
-
4,292
1,963
-
10,314
-
382
31,905		 -
Restricted
£
446
334
5,495
89,539
-
3,178
3,208
-
-
129
2,794
2,005
211
231
350
159
50
708
-
-
1,227
493
110,557
2021
£
10,314		 39
Total
2021
£
1,315
633
5,631
98,630
-
3,178
3,377
119
-
840
2,794
4,721
740
485
372
159
4,342
2,671
-
10,314
1,227
875
142,462		 636
Total
2020
£
1,027
1,186
11,311
90,083
114
2,332
808
523
911
1,642
2,540
1,877
579
1,005
119
-
3,788
452
300
8,610
1,092
875
131,810
2020
£
8,610

Page 15

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

9Staff costs
Salaries and wages
98,630
Social security costs
-
Pension costs
3,178
101,808
No employee received emoluments in excess of £60,000.
Trustees received no remuneration, expenses or benefits in kind during
or prior year.
Total employee benefits received by key
42,597
At 31 March 2021
2,135

Net book values
At 31 March 2021
748

At 31 March 2020
11Creditors:
amounts falling due within one year
-
2021

£
Trade creditors
219
Other taxes and social security
-
Other creditors
-
Accruals and deferred income
3,752
3,971

management personnel
The average monthly number of full time equivalent
employees during the year was as follows:
2021
Number
Charitable activities
14
14
10Tangible fixed assets
Office
Equipment
£
Cost or revaluation
At 1 April 2020
2,135
Additions
748
At 31 March 2021
2,883
Depreciation and
impairment
At 1 April 2020
2,135
Depreciation charge
for the year
-		 9Staff costs
Salaries and wages
98,630
Social security costs
-
Pension costs
3,178
101,808
No employee received emoluments in excess of £60,000.
Trustees received no remuneration, expenses or benefits in kind during
or prior year.
Total employee benefits received by key
42,597
At 31 March 2021
2,135

Net book values
At 31 March 2021
748

At 31 March 2020
11Creditors:
amounts falling due within one year
-
2021

£
Trade creditors
219
Other taxes and social security
-
Other creditors
-
Accruals and deferred income
3,752
3,971

management personnel
The average monthly number of full time equivalent
employees during the year was as follows:
2021
Number
Charitable activities
14
14
10Tangible fixed assets
Office
Equipment
£
Cost or revaluation
At 1 April 2020
2,135
Additions
748
At 31 March 2021
2,883
Depreciation and
impairment
At 1 April 2020
2,135
Depreciation charge
for the year
-		 the current
36,876
9,067
14,697

Plant &
Equipment

£
41,258
4,685
45,943
26,561
10,315		 90,083
114
2,332
92,529
44,761
39,011
9,815
14,697
2020
£
-
1,847
64
875
2,786
2020
Number
14
14
Total
£
43,393
5,433
48,826
28,696
10,315

Page 16

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

12 Movement in funds

Restricted funds:
Restricted income
funds:
Cornwall Community
Foundation - IWill
Big Lottery
UK Youth Fund
Postcode Lottery
Arts Council
HMRC furlough
Cornwall Council
Youth Grant
Small Funds
Total
Unrestricted funds:
General funds
Designated funds:
Long Term Reserves
Capital
Stuarts fund
Total
Revaluation
Reserves:		 At 1 April
2020
4,960
17,905
7,530
10,434
-
-
-
-
40,829
25,326
8,200
14,697
3,467
26,364		 Incoming
resources
(including
other
gains/losses)
£
-
73,476
-
-
7,416
33,840
1,440
500
116,672
36,549
-
-
169
169		 Resources
expended
£
-
(62,769)
(5,692)
(5,334)
(884)
(33,840)
(1,538)
(500)
(110,557)
(19,722)
-
(10,314)
(1,869)
(12,183)		 Gross
transfers
£
-
-
(1,838)
(2,846)
-
-
98
-
(4,586)
(1,062)
-
5,432
216
5,648		 At 31
March
2021
£
4,960
28,612
-
2,254
6,532
-
-
-
42,358
41,091
8,200
9,815
1,983
19,998

Total funds 92,519 153,390 (142,462) - 103,447

Purposes and restrictions in relation to the funds: Restricted funds: Cornwall Community Sisterhood project Foundation - IWill Big Lottery Core funding from the National Lottery UK Youth Fund Funds to provide additional resources for young people. Postcode Lottery Funds to provide additional resources for young people. Arts Council HMRC furlough Government grant for staff salaries Cornwall Council Choice n challenge award Youth Grant

Small Funds

Various small restricted funds

Designated funds:

Page 17

Gwealan Tops Adventure Playground NOTES TO THE ACCOUNTS

Long Term Reserves A reserve considered prudent by trustees to be kept away from usual working capital.

Capital Fund to comply with the charity SORP relating to funds used to purchase capital. This is matched to depreciation annually.

Stuarts fund In memory of Stuart Lester for a new publication supporting learning through play.

Analysis of net assets between

13 funds

Analysis of net assets between
funds
Fixed assets
Net current assets		 Unrestricted
funds
£
9,815
51,274
61,089
 Restricted
funds
£

-
42,358
42,358		 Total
£
9,815
93,632
103,447

14 Related party disclosures

Controlling party

The organisation is controlled by the trustees shown on page 2 thus no single party controls the company.

Page 18