The Roseland Centre (Registered charty, number 1186095). Flnanclal statements for the year ended 31 December 2024 Page Contsnts Trustees, annual report Independent examinerfs report Receipts & payments account Statement of assets & liabilities Notes to the accounts capLUS I,MMLJNITY ACCOUNTING The Roseland Centre Trustees, annual report for the year ended 31 December 2024 Full name The Roseland Centre Organijation type Charitable incorporated organisation Registered charlty number 1186095 Prfnclpal addre88 8 Chapel Close, St. Jusl in Roseland, Twro. Comwall. TR2 5JW Tru3tee8 Keith Ives, Chair Gordon Humphreys. Treasurer Anthony Bowden Sarah Kim MacQueen Graham Turpin Sheelah Goldsmith Ind•pendent examln•r Eva Stevens, employee of Communty Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham. NG15GL Governance and management The char￿1 is operated under the wles of its constitution adopted 01 November 2019. We advertise regularly for new Trustees. but have not been able to attract new applicants. Any new Trustees would first join our Committee, so that ￿ could get to know them better, prior to being offered Trusteéship. Objectlves and actlvltles The fomial objectives of the CharTty are: 1. To promote for the benefrt of St Just in Roseland and the surrounding area the provision of facilities for reGteation and othei le53ure tlme occupallon of individuals who have need of such facilities by reason of their youth, age, infirmty or disablement. financial hardship or social and economlc circumstances or for the communty 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 th8 volunlary sector for the public benefft by the provision of 8 residential facilty in the Roseland Peninsula to facilitate voluntary sector groups, participation in outdoor healthy recreation and educational activity. Our main income derives from renb'ng out the Roseland Centre to school parties, but also to parties from other Charities such as Active8 of St. Austell, who use the spa for periods of up to a week. and during this tirne they will engage in actiVit￿S such as canoeing and other vlater sports, forestry, hiking and orienteering, and generally other outside activities. INhen we have nobody in Residence. we run Da￿lme activities such as Mother & TOdd￿r groups, Holiday Clubs, or After School Clubs. The Rosaland Centre Publlc benefft staternent Our village is in a relatively isolated rural area. ￿th few social opportunities for people of any age. so Whi￿ we must try to offer Residential accommodation for as many people and groups as possible to eam our keep, we also try to provide as many Community activities as possible when we do not have anybody in Residence. The Trustees eonfirni thal they have complied wtth the duty in section 17 of the Charities Act 2011 to have due regard to the Chartty Commission'8 general guidance on public benefft, 'Charities and Public Benefrf. Summary of the maln achl•vements durlng the perfod 2024 YRS our first year of trading. and indeed only 7 full months of this. we are building our client base and expanding what we can do and offer. Our main customers have been Active8, who are a Charity based in St. Austell, catering for disabled people, many of whom are wheelchair users. During 2024 we provided accommodation for Active8, Cardinham School, Penryn Primary School, Roseland Academy, Greenwich Sea Cadets. Cornwall College Cambome Health and Social Care students, Holiday clubs for children at ha￿-teM7$ and end-of-terms. and a Paediatric First Aid Course. Overall we catered for 343 children and young adults in the period from 1st June (when y￿ opened for business). Flnanclal revl At the end of 2024 we had onty £9.890 in our Current account. but also the promise of a further £22,392 Loan from the Parish Council, but given our monthly wages bill alone, this was clearty very low- V￿ have no Reserves at all. Our understanding is that nearly all Charities are struggling in this financial climate, however at least we have our newfy refurbished interior of 8lte wtth just a further £20-30,￿O to spend of refurbishing the exterior of Ihe main 1893 buildings. which while important is not crucial to running the Centre. Tho charlty's pollcy on reserve8 We would love to have any Reserves. and rflwhen we achieve this happy situation, we will formulate a policy on how to use or invest such moneys. Furth•r infomiatlon By the end of 2024 had raised (and spent) nearty £580,000 from a wide variety of funders and donors, includlng £232,lJ)O crowdfunded, which we view as an incredible level of trust placed in us by the donors and the general public. Early in 2025 one of our donors generously offered to pay for a Professional Fundraiser, to work one day per week on Fundraising for TRC. for 3 months. After this period, we decided to keep employing this person for the time being, at £6001month, because in the first few months he raised over £38.000. The primary aim now is for him to con￿ntrate on raising funds to cover Core costs, because our main outgoings are wages, and it is essential that we keep our highty skilled and motivated team for the continued delivery of TRC SeNi￿S to the community. The Roseland Centre Ideally, we also need funding to pay for a professional markets'ng person to tske over the task of marketing what TRC has to offer, which is currentty carried out by our Centre- & Deputy-centre Managers. We would prefer to have them con￿ntrate on delivering our Centre serrfices, while leaving marketing to someone perhaps better qualified in this area. We have enjoyed a ￿rtain level of Resklential Bookings so far in 2025, but we could ahvays do with more. Hospitalty bookings in corny￿11 are generally depressed this year which - combined with the poor economic outlook worldwide - have not helped us. Signed on behalf of the cha ' 's trustaes: Signed Keith Ives, Trustee Date Independent examinerfs report to the trustses of The Roseland Centre for the yaar ended 31 December 2024 I report to the trustees on my examination of the accounts of The Roseland Centre (the charity) for the year ended 31 December 2024. Responsibilltles and ba8ls of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the charrty's accounts carried out under sectlon 145 of the 2011 Act and in carrying out my examination I have foll0v￿d all the applicAble Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examIne￿9 8tatsment I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accountlng records were not kept in respect of Ihe charfty as requlred by section 130 of the Act. or 2. the accounts do not accord with those records. I have no concern8 and have come across no other matters In connection wth the examination to which attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Signed Eva Stevens, BSC, CPFA Employee of Communty Accounting Plus V4eL Date 2111012025 The Roseland Centre Receipts & payments account for the year ended 31 December 2024 23 Total Fund¥ 2024 Tt)tal Fund• Lknrn*icted Ro*lct•d Fund• Fund* Roc•ipts Actil+ities, e￿rts & commissio Accommodation Grants & dOr￿tiO[ SurKlry receipts Total recelpts 1345 7576 17905 32804 142 58427 7576 17905 120199 142 87395 145822 184419 457 186221 87395 Payments ActI￿lIeS & everts Bank & PasPal fees Business rates Community costs Consultancy fees Freela￿e costs Furrfjraisiro & publicity FumishirwJ & eqiipmefrt, repalrs & rel￿waI8 General admin & compliar General refijrb. repairs & redecoralion ￿sUrar￿8 rr & website Legal & professiorp41 Prernises costs SurKlry paJTherts Supplies & serNfjces Total paymgnts 234 5336 874 118 5336 874 118 162 2398 1328 17684 1774 1382 103 119790 1639 2154 3309 6325 182 31699 1972 1446 3116 20937 5925 24411 58110 1972 24836 3116 93178 5925 23390 72241 48 425 4343 4391 425 1078 159198 71896 124547 196443 27023 33488 Not rec•lptsi(paym•nts) Cash funds at stsrt ofthis period Transfers befvieen ftKKIs Cash funds at end of th18 p•rlod (13469) (37152) (50621) 23857 36654 60511 1145 1145 9243 647 60511 9890 The Roseland Centre Statement of assets and liabllltles at 31 December 2024 2023 2024 Cash assets Barl( accoiuts 60511 60511 9890 9890 Other mon•tary assets Prepa￿￿rtS 213 213 1958 1958 A88ets rotalned for tho ¢harfty'8 own us• Premises: ROse1ar￿ Centre, purctBsed for £200,000 Laptop PLwcha8ed June 2024, cost £643 2 x laptops. pwctAsed 2023, cost £1,110 Llablllll•$ Creditors - kxlepernlent eyaminat'on f88 Advaru receipts (900) (936) 1620 2556 (900) The88 Ilnanclal statements are a¢cepted on behalf of the charity by.. Signed Gordon Humph rus The Roseland Centre Notes to the accounts for the year ended 31 December 2024 1. Receipts & payments accounts Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usualty, cash received and cash spent will include transactDns through bank accounts and cash in hand. 2. Grants & donat5on8 Total ASDA FourKlation ConNvall Council hyimd￿l donatiors St JLL8t in RoselaThJ Parish Co￿￿51 HMRC Gift Aid Rose1a￿l Surgeries 5000 82395 5000 82395 18715 11196 2708 185 120199 18715 11196 2708 185 32804 87395 3. Fund8 analys1• Ownlng R•c•lpl• (Paym•nts) Trnnrf•r• lanco Clo•lng balan¢• Restrlctsd funds Refurbishmert f￿K1 Wannth Hub Garden 21006 73383 {95631) 213 (26) 52 (135) 4983 (4343) 10400 14012 24412 36654 87396 1145 124547 1242 (180) 83 640 Wages Unrnstrktsd fund8 Ger￿ra1 23857 $8427 9243 1896 1145 23867 58427 9243 71896 1146 The specific purposes for which these funds are held: Rèfurbishment fund- funding from various funders and indNiduals lo carry out the refurbishment of the propety. Warmth Hub- funding from Volunteer Cornwall to provide a Warmth Hub,. Garden - fundlng from Volunteer Comwall used to create an accessible Permacutture 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. The Roseland Centre The transfer from the General fund to the Refurt)ishment fund and Garden fund is to cover the deficits on these activities. The transfer from the Wamith Hub fund to the General fund corrects the closing balan(x on this fund. 4. Prepaym•nts Business rates General admin & compliance - subscriptions Insurance Fundraising & publicty - subscripts'on 32 111 1701 114 1958 5. Trustees, remuneratlon Trustees re￿iVed no expenses, rernun8rat￿n or benefits in this period. 6. Relatsd party transactions There were no related party transactions in this period. 7. Glo88ary of temis Advance recelpts: These are amounts reCeI￿d by tha charity in the accounting period, for use in a future period. Credltors: These are amounts 0￿Ed by the charity, but not paid during the accounting perK)d. Prepayment8: These are services that the charity has paKI for in advance, but not used during the accounting period. Restrl¢t•d funds: These are funds given to the thanty, Subject to specific restrictions set by the donor. but still within the general objects of the charity.