The Roseland Centre (Registered charity. number 1186095) Financial statements for the year ended 31 December 2022 Page Contents Trustees. annual report Independent examinerfs report Receipts & payments account Staternent of assets & liabilrties Notes to the accounts capLUS uivlivluiNI I I ALLOLill I |INiG The Roseland Centre Trustees, annual report for the year ended 31 December 2022 Full name The RoseL4nd Centre Organisation type Charitable incorporated organisation Registered charity number 1186095 Principal address 8 Chapel Close St Just in Roseland Truro Cornwall TR2 5JW Trustees Keith Ives. from 30111r2022, Chair Gordon Humphreys. from 30111r2022, Treasurer Graham Turpin, from 3011112022 Anthony Bowden, from 3011112022 Sheelah Goldsmith, from 3011112022 Isobel MaCQU￿n, from 3011112022 Emma Campbell, from 1210112023 Rogef Kirkpatrick, until 03107r2022 Tim Light, until 2610912022 Julian Davy. unb'l 01111r2022 Independent examiner John O'Brien, employee of Communty Accounting Plus, Untts 1 & 2 North West, 41 Talbot Street. Nottingham, NG15GL Governance and management The charity is operated under the rules of its constttution adopted 1 November 2019. People volunteer to Join our committee, and after a suitable period some of them are offered pla￿5 on the Board of Trustees. Such offers are made on the basis of our understanding of their suitabilty to become Trustees. Objectives and activities The object of the CIO is to promote for the benefft of St Just in Roseland and the surrounding area the provision of facilities for recreation and other leisure time occupation of individuals who have need of such facilities by reason of their youth. age, infirmity or disablement, financial hardship or social and economic The Roseland Centre CircUmstan￿s, or for the communty at large in the interests of social welfare and with the objects of improving the conditions of lrfe of the said inhabitants. Also, the promotion of the voluntary sector for the public benefft by the provision of a residential facility in the Roseland peninsula to facilitate voluntary sector groups. participation in outdoor healthy recreation and educational actrvty. Summary of the main activities undertaken for the public benefit In 2022, our principle acttvty was fundraising to purchase the site of the Roseland Outdoor Activity Centre from Cornwall Council. By this time the stte had been closed downlunoccupied Sin￿ 2016. on￿ achieved on 7th October 2022, the remainder of the year was spent in obtaining the relevant Insuran￿ coverage, getting the premises surveyed for electrical safety. getting a tree survey (in respect of overgrown & dangerous trees) preparatory to trimming and felling as needed, and in publicising our need for competf(ive quotes to carry out the refurbishment of the site. We have strict policy of employing local people wherever possible. All these were in preparation for refurt)ishing the buildings & srte. ready for re-opening as soon as possible, to re-commen￿ the sort of Outdoor Recreation activities for children & young adults that the srte had previously been used for. Public benefit statement It is generally accepted that Outdoor Recreation Acttvrties, such as sailing, canoeing or kayaking, paddleboarding. hiking, ovemight camping. and similar non-sedentary activities can be most beneficial for children & young adults, both in temis of physical health, but also in terms of mental health" teaching bonding, team-building etc. Added to these will be "after-hours" activities when the kids have retuffled from a day's sailing and had their supper. when there will be team-building games, lectures on bi(Hliversty and the environment etc. The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charrty Commission's general guidan on public benefft. 'Chatities arHd Public Benefiv. Summary of the main achievements during the period Overall in 2022 we managed to raise £238k from Crowdfunding, HNW donations and the Parish Council, which allowed us to purchase the site and to have some funds remaining to allow us to pay legal fees, insurance and sundry other costs such as reconnecting utilrties. Further Grants & Don2tions hava bèen received in 2023, and we continue to fundraise as best as possible. Financial review At year*nd 2022 we were in the posttion where, apart from minimal utility costs, and with the benefit of a Comwall Council decision whereby as an Unoccupied Building, we were Zero-rated for Business Rates, rf we do NOTHING, we have no financial problems to fa￿ for many years. Any activity towards refiJrbishment and re-opening The Roseland Centre costs money, but some of these activities could, perhaps, be delayed or even abandoned if we don't have sufficient funds at the time. By the end of March 2023 we had raised sufficient funding to cover much of the necessary refurbishment work, but with very little in reserve. Until we re-open and start to earn income, this will remain the situation. Iflwhen reach the happy position where we have money that could be called "Reserves". we plan to start a Bursary Fund to assist those who cannot otherwise afford to use our Servi￿S. The tems & conditi'ons of such a Fund will be determined when we get to that position, but, for example, ¥￿ could foresee a situation where the local schools might notify us regarding how many children in a given class were on Free School Meals, and that anonymised data could be used to determine how much we would charge or subsidise the cost of that class coming to stay with us for a W￿k. We purchased the site for £200k, and it was valued at £500k in September 2022. Apart trom refurbishing costs described elsewhere, and the salary of the Centre Manager (for which we already received a £25k Grant). we always have the option of simply closing the pla￿. If we apply for a change of use. or we sell the property, there are clauses in our Purchase Agr￿ment whereby we would have to pay Comwall Council 500/0 of any difference betweèn the £200k "Base Pri￿, and the amount it is sold for (the"Enhanced Price"). In addttion, rf we fail financially or change the Use such that the site is no longer used for charitab￿ purposes, we must repay the £60k Grant provided by the Parish Council. Signed on behalf of the charity's trustees: Signed Keith Ives. Trustee Date Independent examinerfs report to the trustees of The Roseland Centre for the year ended 31 December 2022 I report to the trUSt￿S on my examination of the accounts of The Roseland Centre (the charty) for the year ended 31 D￿mber 2022. Responsibilities and basis of report As the trustees of the chanty you are responsible for the preparation of the accounts in accordance wrth the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charty's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable DirectFons given by the Charity Commission under section 145(5){b) of the Act. Independent examinerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection wtth the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act., or 2. the accounts do not accord viith those records. I have no concems and have come across no other matters in connection with the examination to which attents'on should be drawn in this report in order to enable a proper understanding of the acrx)unts to be reached. Signed John O'B . CA, FCIE Employee of Community Accounting Plus Date 1510612023 The Roseland Centre Receipts & payments account for the year ended 31 December 2022 2022 Unrestrlctrd Restrictsd Funds Funds Total Funds Receipts Crowdfunder St Just in Rosekrxj Parish Courril Donab'orE Gift Aid Fundraisirg Total receipts 9778 145036 154814 60000 60000 6091 19964 620 241489 6091 19964 620 16489 225000 Payments Propety Purchase Rates (to be refurxded) Room Hire Postage Legal E>penses IrEurances Tree Surgeons & SupEy Utilibes Website Building repairs & knps Total payments 200000 200000 458 176 458 176 2318 2868 2318 2868 400 18 1117 640 640 201040 208001 400 18 1117 6961 Net receiptsl(payments) Cash funds at stsrt of this period Cash funds at end ofthis period 9528 23960 33488 9528 23960 33488 The Roseland Centre ststement of assets and liabilities at 31 December 2022 Z022 Cash assets Bank accounts 33488 33488 Other monetary assets Rates paid but redaimab Irtsurar￿e prepaid 458 1496 1954 Assets retained for the charity's use Pretnises: TtE RoseEarxd Centre, p￿C￿osed for £200,000 Liabilities ITKJepeTrJent EyamirBtion UtilttEs (810) {3) (813) These financial statements are accepted on behaK of the charity by: Signed (ioroon Hu Dated /3 s,Tr tee ZJ2l The Roseland Centre Notes to the accounts for the year ended 31 December 2022 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money re￿iVed and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash reoived and cash spent will include transactions through bank accounts and cash in hand. 2. Grants & donations Unre*ielod Re*ricted Total sU￿ry Chartes & Camilla Tr￿st Anon A￿￿reY Constarrt BeqLESt Charit'es TnBt 3366 200 1025 1000 500 6091 3366 200 1025 1000 500 6091 3. Funds analysis Opening balance Receipts (Payments) Closing balance Restricted funds Property purchase MaIntena￿e & ￿fUrbIs11TEnt 200000 (200000) 25000 1040 225000 (201040) 23960 23960 Unrestricted funds Ge￿ra1 furKI 16489 16489 6961 (6961) 9528 9528 4. Trustees. remuneration Trustees re￿iVed no expenses, remuneration or beneffts in this per￿d. 5. Related party transactions Sheelah Goldsmith, Trustee, is also a member of St Just in Roseland Parish Council which awarded funding of £60,000 towards the purchase of the Centre. 6. Previous period comparison The previous period's figures have not b￿n included for comparison because this is the chartys first fully active accounting period.