The Roseland Centre (Registered charity, number 1186095) Flnancial statements for the year ended 31 December 2023 Page Contents Trustees, annual report Independent examinerfs report Receipts & payments account Statement of assets & liabilitie8 Notes to ￿ accounts 8-10 capLUS ",OMMUNITY ACCOUNTING The Roseland Centre Trustees, annual report for the year ended 31 December 2023 Full name The Roseland Centre Organlsatlon type Charitable incorporated organisation Reglstered charlty numbgr 1186095 Pr5ncipal addr088 8 Chapel Close, St. Just in Roseland, Tmro, Cornwall, TR2 5JW Tru8te•s Keith Eves, Chair Gordon Humphrey3. Treasurer Anthony Bowden Graham Turpln Sheelah Goldsmith Sarah Kim MacQueen, from 2210312023 Emma Campbell, until 2110912023 Isobel MacQueen, until 31108r2023 Independent examlner John O'Brien, employee of Communty Accounts'ng Plus, Units 1 & 2 North West, 41 Talbot Street. Nottingham, NG15GL Governance and management The charty is operated under the rules of its cOnstitu￿on adopted 01 November 2019. We are constantly on the look￿Ut for new Committee Members and Trustees, but it is very difficult to attract new members. Iffvlhen someone new becomes a committee member, we will review the possibilty of that person becoming a Trustee after a reasonab￿ period of getting to know them. ObJeGtlve8 and acuvltles The formal objectrves of the Charty are: 1. To promote for the benefft of St Just in Roseland and the surrounding area the provision of facilities for r8creation and other ￿lsure time occupation of individuals who have need of such facilities by reason of their youth. age. infinnlty or disablement. finanaal hardship or social and economic circumstances or for the communrty at large in the interests of social welfare and with the objects of improving the conditions of life of the said inhabitants. 2. The promotion of the voluntsry sector for the public benefit by the provision of a residential facility in the Roseland Peninsula to facilitate voluntary sector groups, participation in outdoor healthy recreation and educational activity. The Roseland Centre Our main activities have beenlare: Having completed the purchase and refvrbishment of The Roseland Centre (fRC), opening on 1st June 2024. for the next year or so VR will concentrate on providing bunk-bed accommodab'on for groups of 30 chiklren and 4 teachers, or day-time activities for such groups andlor for local communty groups for First-Aid sessions. Holiday Clubs, Memory café etc. As ￿ develop V￿ expect to purchase equipment such as kayakslcanoes. dinghies etc. to enhan￿ our overall Outdoor Centre offering. For the time being we co-operate wtth extemal providers for such actiVFties. Organisations such as Act[￿8 (Disabled people). the Roseland Academy and Cardinham School (schools) and the Greenwich Sea Cadets are among the early U￿rS of our facilities, as well as groups of - so far- up to 19 local children enjoying Holiday Club activitEs. Publle benefit statement The Trustees confinn that they have complied wrth the duty in sectM)n 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidan on public benefft. 'Charities and Public Benefiv. Summary of the main achievements durfng the perlod 2023 saw us raising funds to pay for the refurbishment of TRC, which we purchased from Comwall Council in October 2022 for £200,000. There were many twtsts and tums along the way. getting Building Control and Architects to agree on what changes we needed to make to the buildings to bring them up to modem standards" we also had help from the charity Acttve8 (of St. Austell) vthich specialises in helping Disabled young people, to ensure that are Disabled-friendly. For example. there was addits'onal strengthening for the roof, to tolerate the weight of all the additional insulation needed to ensure heat efficiency. We also had to get the roof sup￿Yed for possible Bats in residence, but fortunately there are none. Builders, electricians. plumbers, painters finally started work at the end of 2023 on a seiies of tasks that were onty finally completed in May 2024, with some minor snagging tasks yet to be completed. Overall we have raised in excess of £540,1￿ in grants and donations, induding crowdfunding, towards our project. and as of August 2024 this fundraising continues, to help pay for Core costs until we can support oursetr￿ through providing accommodation and other servI￿s. Flnaneial revlew As at the end of 2023 we were still fundraising for our Project, and we were very conscious of the huge levels of public support for what y￿ are trying to achieve. The charity's pollcy on reserves At the moment y￿ have no reserves, so our policy is that rffvthen we have raised enough money to become financially sound, we would like to have 3 years worth of Core costs available, to protect us against the possibilrty of, for example, another pandemic. After that has been achieved, any surplus money will go into our Bursary The Ro8eland Centre Fund. which 18 designed to assist young people with financial diificulties, who might Othe￿¥1$e not b8 able lo afford to attend TRC. by subsidising the costs of their attendance here. Flnanclal rl•k Financial strength 18 lacking. Idealty, TRC n￿18 to t￿ik1 a ca8h ￿￿hlOn of over £200,000 or 3 times annual operating costs. to pro￿de r68ilien¢x in the event of major catastrophe8 Such a8 a resurgence of COVID. TRC need8 to find vray8 of working successfully and collaboratlvely wlth thè non- reskl8nt￿l village institute. to the benefft of both parti￿. TRC ha8 a small local populaiion of ChI￿ren and young people lo draw upon, 80 V*P need to extend our reach geographicalty. Thern is a r18k of Imr than anbapated domand for b•d space8 or actlvlU68 outslde of the peak 8ea80n: the 8trength or w8akn888 of the national economy Is a driver in Slgned on b8half of the cha . Slgned Keith Iv88, Tru8ta• Dato Indopendent Oxamlnerfs report to the trustee8 of The Roseland Centre for the year ended 31 December 2023 I report to the trustees on my examination of the ac1X￿nts of The Ros6Jand Centre (the chanty) for the year ended 31 Dwiber 2023. Respon81billtla8 and ba818 of r•port As the trustees of the charty you are resp￿sible for the preparatk)n of the aC￿Unts in accordance with the requirements of the Chartlies Act 2011 (Ihe Arf). I report in re8pect of my examlnation of the d>arity's accounts carried out under 88Ction 145 of the 2011 Art and in carrying out my examination I have followed all the applicable Directions given by th8 Chaiity Commi88ion urthr 8ectlon 145(5)(b) of the Act. Ind•pend•nt •xamlnorf* •tat•m•nt I have completed my examination. l (th that no matter8 have come to my attention in connection vath exarnirthn giving me (*use to believe that in any material respect.. 1. accounting re￿rd8 were not kept in re8peca of the chaiity a8 requlred by 8ectlon 130 of the Art or 2. the accounts do not accord recoth. I have no concem8 arKY have come across no olher matter8 In connectk)n wlth the examinatlon to which attention Should be drawn in th18 report In order to onable proper under8tandlng of the accounts to be reached. Slgned John O, q FCCA, FCIE Employee of Communty Accounting Plu8 1011 or2024 The Roseland Centre Receipts & payments account for the year ended 31 December 2023 2022 Total Funds 2023 Total Fund* Unrn*rf¢tod R•*l¢ted Fund8 Funds Recelpts Aclivities. everts & commissior FurKJraisir Gift Aid Grants & dorBtiors St JLEt in RoselarNJ Parish Cour£il Surxlry receipts Total receipts 1345 1345 620 19964 160905 60000 40115 144304 184419 457 41917 457 144304 186221 241489 Payments Activities & events Commlrity costs Cortsultarwfees Free18r￿e costs FU￿￿raIsI￿ & pthlicity F￿niSh.r￿ & equipmen( repaiT5 & rerEwals General admin & compliarr General refLkn, repairs & redecoration knSura￿e & vlebsite Legal & professiorol Property purctpse Promises costs Supplies & services Total payments 234 174 734 3084 774 938 103 14387 1639 2154 2289 234 2398 1328 17684 1774 1382 103 119790 1639 2154 3309 2224 594 14600 1000 1040 2868 1117 2318 200000 652 105403 1020 6325 6325 1078 159198 1078 27588 208001 131610 33488 Net recelpts Cash thls at start ofthis period Cash funds at end of thls perlod 14329 9528 23857 12694 23960 36654 27023 33488 60511 33488 The Roseland Centre Statsment of assets and Ilabilitl88 at 31 December 2023 Cash a88•ts 33488 33488 60511 60511 Othor monolary a•••ts Prepa￿ne￿ 1954 1954 213 213 Amets rotskned forth? charfty's own us• Premls8s: Tr ROse1ar￿ Certre, p￿d￿sed for £200,000 2 x lapbps, purchased 2023, cost £1.110 Llablllde• Creditor- hl8perKlerteJ8mlrBllon fee 813 813 900 900 The8e financial 8tatsments are accepted on txhalf of the (*arlty by." Slgned Gordon Hum The Roseland Centre Notes to the accounts for the year ended 31 December 2023 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money received and rnoney spent during the period and a list of assets and liabilrties at the end of the period. Usually. cash received and cash spent will include transactions through bank accounts and cash in hand. 2. Grants & donatlons Unrn*lct•d R•*ictod Total Corrfvvall Co￿￿11 CCF Corrf•vall Postcode Local Tnst Asda FoU￿lab.0n Sad(ler Tn&8t Nab"0￿1 Lottery CommLnity Furnl Clare MilrE TnBt sU￿1ry dorAb'or6 (crowlf￿jer) Rank FOu￿$atiOn Ki￿d Harry Fery Volunteer CorrpApll Nomian Famity Charitabb Tnst ArKJnyThoLE donats'or Seasalt co￿￿311 CowKil Comm￿lty C￿St HMRC GrftAid SuKlry dorots'orks 34285 25000 24517 20000 10000 34285 25000 24517 20000 10000 9900 5000 4223 3500 2879 2500 2500 29000 9672 500 496 447 184419 4223 3500 2879 2500 2500 29000 9672 51)0 496 447 40115 144304 The Roseland Centre 3. Funds analysls Op•nlng Recelpts IPayments) balance Closing balance Restricted funds Refurbishment fuTh Warmth Hub Garden Ub'lities Wages 23960 106904 (109858) 21006 1000 (787) 213 1500 (1448) 52 9900 {4917) 4983 25000 14600 10400 131610 23960 144304 ￿ 36654 Unrostrlcted fvnds Ge￿ra1 9528 9528 41917 27588 23857 41917 23857 27588 The specffic purposes for which these funds are held: Refurt)ishment fund - funding from various funders and individuals to carry out the refurbishment of the property" Warmth Hub - funding from Volunteer Cornwall to provide a Wamith Hub: Garden - funding from Volunteer Comwall used to create an a￿SsibSe Permaculture Garden out of a patch of lawn at the front of the Roseland Centre. Utilities- funding from the National Lottery Community Fund towards the cost of utilities at the Centre., Wages - funding from CCF Comwall towards the costs of the Centre Manager. 4. Prepayments General admin - QB licen Fumishing & equipment- subscripb'on 159 213 S. Trustses, remuneratlon Trustees received no expenses, remuneration or benefits in this perK)d. 6. Related party transactlons There were no related party transactions in this period. The Roseland Centre 7. Glossary of ternis Creditors: Th&se are amounts cwed by the charity, but not paid during the accounting period. Prepayments: These are services that the charity has paid for in advance. but not used during the accountlng period. Restrlcted funds: These are funds given lo the Charity, subject to specffic restrictions set by the donor. but still wrthin the general objects of the charity. 10