OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Contents
Page
Trustees'
annual
report
1 —13
Independent
auditors'
report 14-17
Statement
offinancial
activities 18
Balance sheet 19
Statement
ofcash flows
20
Notes to the statement ofcash flows 21
Notes to the financial statements 22 —36

Key management
pe
rsonnel (Of ficers )
Vice President Steve Ellis Appointed 11 April 2022
Chief Executive Steve Ellis Resigned 11 April 2022
Chief Executive Henry Meacock Appointed 11 April 2022
Director of IT, Data Analytics and Environmental Strategy Henry Meacock Resigned 11 April 2022
Director of Finance Judith Dumbrell
Legal Director and Company Secretary Justin Day
Director of Operations - Residential Services Frank Voges
Director of Operations - Non-Residential Services Russell Bower

The Cha rity 's
registered
office is l
ocated at: ocated at:
Peat House
Newham
Road
TRURO
Cornwall
TR1 2DP
www. stpetrocs. org. uk
Bankers Lloyds Bank pic
PO Box3
Boscawen Street
TRURO
Cornwall
TR12QT
Auditors RRL LLP
Peat House
Newham
Road
TRURO
Cornwall
TR12DP
Investment Managers The COIF Charities Deposit Fund
CCLA Investment Management Limited
Senator House
85 Queen Victoria Street
LONDON
EC4V 4ET
Insurance Brokers Towergate Risk Solutions
Suite 2a
Gateway Business Centre
Barncoose Gateway Park
REDRUTH
Cornwall
TR153RQ
Human Resources Consultants Croner Group Limited
Craner House
Wheaffield Way
HINCKLEY
LE10 1YG

Year to 31 Year to 31 Year to 31 Period to 31
March 2022 March 2022 March 2022 March 2021
Unrestricted Restricted
Notes Funds
F
Funds
f
Total
8
Total
Income
Donations and legacies:
Donations
and gifts
491,358 13,400 504,758 921,907
Bequests 20,500 20,500 30,500
Charitable
activities:
Grants receivable 43,008 622,197 665,205 590,952
Rent and personal charges 2,605,181 2,605,181 3,020,462
Other trading
activities
23,661 23,661 12,490
Investments 3,879 3,884 2,202
Other Income 257,975
Total income 3,187,587 635,602 3,823,189 4,836,488
Expenditure
Raising funds 124,105 16,819 140,924 161,293
Charitable
activities
2,678,540 673,936 3,352,476 3,894,807
Total expenditure 2,802,645 690,755 3,493,400 4,056,100
Net income/(expenditure)
for the year
384,942 (55,153) 329,789 780,388
Transfers
between
funds (2,319) 2,319
Net movement
in funds
382,623 (52,834) 329,789 780,388
Total funds on conversion
charity status
to 2,329,067
Total funds brought forward 2,006,720 1,102,735 3,109,455
Total funds carried forward 2,389,343 1,049,901 3,439,244 3,109,455
St Petrocs activities
were transferred
St Petrocs activities
were transferred
to a limited by guarantee company
with registered
charity
company
with registered
charity
status on 1
December 2019.The statement
offinancial
activities includes
all
gains and losses recognised
in the year
to 31
March 2022 and period ending 31 March 2021.
Statement ofchanges
in resources
applied Year to 31 Year to 31 Year to 31 Period to 31
for fixed assets for charity use March 2022 March 2022 March 2022 March 2021
Unrestricted Restricted
Funds
f
Funds
8
Total
8
Totalf
Net movement
in funds
382,623 (52,834) 329,789 780,388
Resources used for net acquisitions
fixed assets
oftangible (42,015) (12,734) (54,749) (321,478)
Net movement
offunds available for future
activities
340,608 (65,568) 275,040 458,910
18
As at 31March 202 2
Notes At 31 March 2022
F
6
At
F
31 March 2021
f
Fixed assets
Tangible assets 12 1,770,106 1,793,258
Current assets
Debtors 13 420,269 311,875
Cash at bank 14 1,982,748 1,589,092
Cash in hand 1,724 824
2,404,741 1,901,791
Creditors: amounts
within one year
falling due 15 (513,547) (363,538)
Net current assets 1,891,194 1,538,253
Total assets less current liabilities 3,661,300 3,331,511
Creditors: amounts
after more than one
falling
year
due 16 (222,056) (222,056)
Net assets 17 3,439,244 3,109,455
Funds ofthe charity
Restricted
funds
18 1,049,901 1,102,735
Unrestricted
funds
19
- Designated
funds
2,320,519 1,958,118
-General fund 68,824 48,602
2,389,343 2,006,720
Total charity funds 17 3,439,244 3,109,455

Year to 31 Period to 31
March 2022 March 2021
Net income for the reporting year
(as per the statement of financial activities) 329,789 780,388
Adjusted
for:
Depreciation 76,762 80,299
Surplus
on
sale ofoffice (257,975)
(Profit)/loss on disposal ofother fixed assets (106) 3,732
Investment income (3,884) (2,202)
Increase
in
debtors (108,394) (81,729)
Increase
in
creditors within one year 150,009 173,115
Net cash provided by operating activities 444,176 695,628
Analysis of cash and cash equivalents
Analys is ofcash and cash equivalents
At 31 March At 31 March
2022 2021
Cash in hand 1,724 824
Cash at bank 1,982,748 1,589,092
Total cash and cash equivalents 1,984,472 1,589,916

Year to 31 Period to 31
March 2022 March 2021
8
Winter Appeal 2021/22 159,526
Winter Appeal 2020/21 172,019
Winter Appeal 2019/20 153,943
Donation
from
major donor 150,000 250,000
One off donation from corporate donor for emergency funding 100,000
HM Revenue & Customs Job Retention Scheme 419 5,686
Other donations 194,813 240,259
504,758 921,907

Grants receivable
Unrestricted Restricted Total year to Total Period
funds funds 31 March to 31 March
f. 2022
f
2021
Garfield Weston Foundation 40,000 40,000
Vocational
Development
Project 182,204 182,204
Cornwall
Council
411,948 411,948 35,000
Crisis 41,970
The National
Lottery Community
Fund 187,643
Cornwall
Community
Foundation
23,350 23,350 14,000
Homeless
Link
203,040
The Duchy Health
Charity
10,000
The Beatrice Laing Trust 11,000
Tesco Bags of Help 25,000
Other grants (f10,000 or less) 3,008 4,695 7,703 63,299
43,008 622,197 665,205 590,952

Fundraising income income
Rent
Miscellaneous income

Year to 31 Period to 31
March 2022 March 2021
16,744 5,550
4,800 6,000
2,117 940
23,661 12,490
Year to 31 Period to 31
March 2022 March 2021
8
3,884 2,202
Year to 31 Period to 31
March 2022 March 2021
k
257,975
N N
Dt
Dt
IA
IA
CO D
IA
D
Pt
CO
D
00
OE
N
I
Dt
CO
N
tt
IA
D
N
N
LA
(0
IA
LA
(0
IA
spund paloI&isa&up
a&n&Ipuadxg
(u l Dt N
N
EA
I
(0
(O (0
CO
(9 CD IA
OE
ISIDJ.
I ZOZ
spend
Palol&lsa&u&l
a&nllpuadxg
Ieloj
LO
EO
IO
D
'Ct
I
CO
l
D
N
'Et
Ot
N
D
N
Ol
I
tt
N
OE
EO
I
Ot
CC
Ol
rt
(0
D
C0
D
EO
Ol
Et
D
0t
00
IO
't
IO
ct
0
Nl
Ill
CO
4
I
IO
EO
D
N
Ol
OtN
IO
EO
Cl
CO
04
OI
N N
spung
palol&isa&ull
aoueu&anog
cu CC
EO
I
CO
Nl
C4
D
D
D
IO
Ol
Ol
N
IO
' OI
Ol
IO
spung CO
CO
ED
CO
IO D
C0
D
Nl
D
Cl
D
CP
' 'It
CO
N N
paloulsa&ull
saol&uag l&oddns
Eu EO EO
N
EO
EO
IO
CO
EO
I" I
l
OE
Sl
CO l
Cl
Ol
I
ED
Icl
CS
IO
IO
sPuhj
paloplsa&ull
spung 6ulsleg
cu Ol
IO
AI
OI
'ltN
(0
IA
Cl
(4
EO
OI
'cF
N
spund
paiouisa&ug
s81ll&EI&op
alqell&SEIQ
CO
EO
Ch
Ol
IOD
N
tt
CO
EO
IO
IO
CC
N
I
IIO
C4
D
Nl
N
IO
IO
CO
00
Ol
tt
l
IO
CI
EO
D
N
00
Ch
Ot
(O
00
IO
D
N
N
I
Ot
I
ED
Icl
Ol
CO
N
IO
Cl
C4
D t
IA 'El' CD
aoI&L&SS pIag(ISS&g DE IA CD
saoI&uaS &aluEIM w (9
(D
(0
CO
LA
Ot
CO
Ot
Ot
I
N
(0
DE
(0
N
N
D
IA
Dt
Ot
luawaIIIasad
- SUIIpea&E
CO
IA
(0
IA
(0
D
(0
CO
OE
CO
(0
N
N
(0
IA
(D
0
(0
CD
D
I
(0
D
D
(0
N (0 IAN
D
D
CD
(0
V (loca&lna
IuawaIIIasad
—a&IUSO
'(t
04
CO
(0
OE
OE
N
IA
I
CO
IA
I
N
Dt
I
D
D
N
Dt
I
N
EA
CO
Dt
D
D
Pt
IA
CO
COD
CO
D
D
ao&nosey
o&n»
loafo&d IA
D
DE
D
Dt
(0
IA
(0
D
CO
D
CO
D
CO
I
W
D
D
(0
t
D
CO
CO
(0
IA
IA
N
IA
I
Dt
EA
OE
00
CO
IuawdoIS&Eag IA N CO D CO
N
(0 CD
IeuoI&coon
UOE&SPOwwooog 0& CD
D
DE
(0
(0
OE
DE
IA
W
IA
D
Ot
N
N
(0
N
IA
D
Dt
CO
D
Ct
ID
I
N
ID
IA
(0
N
(0
CD
CD
D
CO
N
EA
CO
D
CD
DE
Ot
00
D
Ot
N
DE
IA
CO
IA
D
D
Ct
IA
CD
N
(0
N
N0
0
(0
(0
(0
(0
0
01
(8
Ct
(0
01
N
O0
0
N
0
NC
05
(0
CE
(0 0"0
DL
0
0
0
Ct
0
0
E
(0
(0
N0
Cl8
Ct
(0
I
Ctt
N 8
2
0
N0Dt
0
0
co
0
0
Cl
0
Ct
0.
0
0
(0
N(0
Eo8X
(0
0
N
Ih
0
~
0
0
N
00.
N
Nlosl0
0
00
00
0
0O
0
N
Ct
X&—0
0 2 0
!0 Ct
XNC
NE" 0
0 M
o ao
0aa
—0 a
Cl(A
m
Ct
E 0
8
DaO
0
CE
(0 0 8
N
0 0 E
Act
00
0 EX.—
0 0
DE
Dl N
N
ID
CO(0
ID o
Cb
Cn
I
ol
ol
cn
Ol
N
N N O
CI
toto
leloJ.
I ZOZw
N ID 0&
(D
O (D Io
CD
D
CO
(D
lo
(0
IO
CI
spung
patol&tsar
CO
cn
o
QD
(D
N
N
CO
N
N
(0
Ol
N ID
I
N
Ool
tn
N
CD
o
a&ntlpuadxg w (0 N (D N
le10J.
I ZOZ
ID CD
Cn ID
N
CO 'Cf
O
CO
Ol
O
Cn OO
lo
CI O
cn
Io Ol
IO
to
O
CI
CI
Cl
Ie&DJ ZZOZ w cn
Cn
N O I MI
ID
tt O lo ln IO 'lf cn tD0
2
tn Ql
M
spend patol»sag
a&ntlpuadxg
letoJ.
tl
Cl
IDI
Ifl
CO
O
CO
fn
to
Ol
CO
Ol
Ch
lo
N
Ol
Ol
N
Ol
Ol
IO
(0
CO
'll
OO CD
CO
Ol
Ol
CC
CI
(0
lo
IO
CI
Ol
IO
0
IQ
ID
C
Ql
E
m
spung
pstol&tsag
saoltuas
t&oddn(I
CI Vl
Qlol
IQ
ID
(Q
spend patol&tsar N
IN
Ol
CO
0
M
spunk
Oulsleg
IO IO M
(Q
0
spung pslol&tsar
SaltIAltOtlt
a1(1e1I&8IlQ
W ~
Ol
IO
O
'IO
O
CO
PI
to
I
(0
CO
Ol
Ifl
N
Cl
cnr
Ifl
N
(D
IO
O
Cl
nf
O
O
I
r
CO
CO
Cfl
IDI
N
cn
CI
IID
r 0
ln0
stoafo&d &atlto w CI
lo
CO
O
CD
(0
CO
0
m0
N &D
tn'L
m
aoltuas
pla(J(lsa&d
w 00
saoltuag
&stol/Ill
4I O
NN
lo
O
fl
Ol
lo
CI lo000
'E0Cl
Cl
(Q
C
tuawalttasav CD
lf
N
(D
IO
N
CD
CO
N
O
O
N
ID
Ql
- aullpea&G O tn Ql
(Q
M
(toes&too
tI tuawalttasag
N
(0
M
N
ol
N
(D
I
O
I
Cl
O
cn
CD
ID
N
CIO O
cn
N
Dl
N
CI
CI
M00
Ql
-a»os
ao&nosatt
o&n&J
co
N
tn (9 CO cn cn
cn
(0 Ql
C&0
OI
O
E
a toafo&d
tuawdolanag
leuolteoo&t
w CO
cn
(0
O
N
'tf
CO
(0
CI
CI
N
CQ
'tt
CI
N
CD
0
M0
0
2
CO C ol lo
(o C
00
uo!Ispowwooo+ w CO
CO
(Q
ID0C
Q)
V)~
o
RZ
4
QI
(o. Ic
co&u&
E
o
CO
tn
O0
(D
(0
tn
(D
L
ID
Ct
(Q
Ql
Ql
0
C
C
M
ID
0
Ql
M
tn
c
QlL
0
0.
0
ID
C
CI
C
8
(nC
M
M0
QlC0
(n
Ql
Cl0
CC
mm
Qlol 00
tn
O
0
Ql
0C0
C&
lo
(DX
I0—
C OM
(Q
0
M Q
tn
QI 0
M
O0
mo
(n
C&
m
0
C0
In
10
~
m
ID
C0"
C& o
Ql
c
Ql
0
m
CO
tn
m0
2
Ql
m E
M
C 0
0 (E
C(0
0
(Om
E
0
0 E 0
M
mom
o RE
G ml-
ID
C
0O
L
mE
0
Q
0
m
Ul
ID0
2
m
Ql
00.
Cl
0&
tn0
0
0
Cn

et income/(ex penditure) for the year
Year to 31 March Period to 31
2022 March 2021
This is stated after charging: 8 E
Depreciation 76,762 80,299
(Profit)/Loss on disposal offixed assets (106) 3,732
Operating
leases
473,769 517,979
Governance costs include:
Auditors'
remuneration
—audit 5,000 5,400
Auditors'
remuneration
—other 840 1,590

Year to 31 Period to 31
March 2022 March 2021
Accommodation 19 19
Vocational Development Project 7
Truro Resource Centre —Resettlement & Outreach 11
Breadline - Resettlement 3
Freshfield Service 1
Support Services (finance,
administration,
fundraising
and management)
communications, 17 15
58 49
The aggregate
payroll costs ofthese persons w
ere as follows:
Year to 31 Period to 31
March 2022 March 2021
8 E
Wages 1,656,312 1,881,166
Social security costs 159,977 178,084
Pension costs 75,025 82,869
1,891,314 2,142,119

angible fixed asset s
Leasehold Furniture
property Freehold and Office Motor
improvements properties fittings equipment Vehicles Total
6 6 F 6
Cost
1 April 2021 119,117 1,798,231 130,133 139,673 11394 2 198548
Additions 1,633 3,430 49,686 54,749
Disposals (2,114) (11,345) (13,459)
At 31 March 2022 120,750 1,798,231 131,449 178,014 11,394 2,239,838
Depreciation
1 April 2021 73,291 141,367 94,160 94,573 1,899 405,290
Charge for year 11,507 22,817 39,588 2,850 76,762
On disposals (2,1 14) (10,206) (12,320)
At 31 March 2022 84,798 141,367 114,863 123,955 4,749 469,732
Net book value
At 31 March 2022 35,952 1,656,864 16,586 54,059 6,645 1,770,106
Net book value
At 31 March 2021 45,826 1,656,864 35,973 45,100 9,495 1,793,258

Debtors
At 31 March At 31 March
2022 2021
Trade debtors 2,907 2,948
Other debtors 5,279 17,119
Accrued income 253,669 163,482
Prepayments 158,414 128,326
420,269 311,875

14 Bank accounts
At 31 March At 31 March
2022f 2021
F
Current accounts/overnight
deposit
441,720 295,339
Deposit accounts 1,509,841 1,271,314
Other accounts 31,187 22,439
1,982,748 1,589,092
15 Creditors: amounts
falling due within one year
At 31 March At 31 March
2022f 2021
Trade creditors 108,701 105,332
Taxation and social security 44,520 36,231
Other creditors 5,075 4,121
Accruals and deferred income 355,251 217,854
513,547 363,538
Deferred Income
Balance as at 1 April 2021 22,144 18,736
Amount released to income (4,884) (6,780)
Amount
deferred
in the year
102,057 10,188
Balance as at 31 March 2022 119,317 22,144
16 Loans and mortgages
At 31 March At 31 March
2022f 2021
District Health
Authority
loans secured on 1 Alexandra Terrace and 49St
George's
Road free of
interest and repayable on sale of properties (see 102,056 102,056
note 21)
Cornwall
County
Council
—loan free
charge on 1 Alexandra
Terrace
of interest secured with a second 5,000 5,000
Carrick
District
Council
loan advanced
in November
1990 interest free,
secured
on property
and repayable
upon sale - 8 Tremayne
Road,
Truro 90,000 90,000
(see note 21)
Cornwall
County
Council
mortgage
secured
with a second charge on 49
advanced
StGeorge's
in 1990
Road
free of interest 25,000 25,000
222,056 222,056
Falling due
in less than
one year
Falling due after more than one year 222,056 222,056

17 Analysis of net assets between Analysis of net assets between Analysis of net assets between funds
Current period: Unrestricted
Restricted
Total
funds funds funds
6 8
Fixed assets 733,917
1,036,189
1,770,106
Net current assets 1,877,482 13,712 1,891,194
Creditors
falling due after
more than one year (222,056) (222,056)
2,389,343
1,049,901
3,439,244
Prior period: Unrestricted
Restricted
Total
funds funds funds
6
Fixed assets 751,107
1,042,151
1,793,258
Net current assets 1,477,669 60,584 1,538,253
Creditors
falling due after
more than one year (222,056) (222,056)
2,006,720
1,102,735
3,109,455
18 Restricted funds
Brought Carried
forward Income Expenditure Transfers forward
5 F 5 8
Current year:
Assertive Street Outreach 3,946 (3,985) 39
SmartMove
- Bond Fund
5,074 5,079
Cornwall
Community
Crisis Grants
Foundation- 866 2,500 (3,004) 362
Resource Centre Services and
Wellbeing
Fund
1,732 4,695 (6,449) 22
Winter Services Fund 15,850 (15,954) 104
Covid-19 Fund 37,857 (37,960) 103
Cornwall
Community
Fundraising
Capacity
Foundation- 15,000 (16,699) 1,699
Contain
Outbreak
Management
Fund 411,948 (412,174) 226
Vocational
Development
Project Fund 182,204 (182,204)
Small grants 11,109 3,400 (6,364) 126 8,271
For Future Operations B0,584 B35,602 (B84,793) 2,319 13,712
Truro Resource Centre Building Grant 17,904 (2,946) 14,958
Falmouth
Supported
Fund
House Capital 418,291 418,291
Barncroft Capital
Fund
596,292 596,292
Other Capital Funds 9,664 (3,016) 6,648
Capital Funds 1,042,151 (5,962) 1,036,189
1,102,735 635,602 (690,755) 2,319 1,049,901

Brought Carried
forward Income Expenditure Transfers forward
6 5
Prior period:
Assertive Street Outreach 4,118 (172) 3,946
SmartMove
- Bond Fund
6,060 14 (1,000) 5,074
Cornwall
Community
Foundation-
Crisis Grants
418 3,500 (3,052) 866
Resource Centre Services and
Wellbeing
Fund
26,732 (25,847) 847 1,732
Winter Services Fund 91,079 (106,806) 15,727
Covid-19 Fund 456,614 (402,491) (16,266) 37,857
Hospital
Discharge
5,681 6,863 (13,726) 1,182
Nos Da Kernow 22,828 (29,036) 6,208
Truro Resource Centre Roof Repairs 10,000 (10,000)
Small grants 5,479 21,771 (16,366) 225 11,109
For Future Operations 44,584 616,573 (607,496) 6,923 60,584
Truro Resource Centre Building Grant 21,843 (3,939) 17,904
Falmouth
Supported
House Capital
Fund
418,291 418,291
Freshfield
Capital
Fund
150,000 (150,000)
Barncroft Capital
Fund
594,092 2,200 596,292
Other Capital Funds 3,271 (2,798) 9,191 9,664
Capital Funds 1,187,497 (6,737) (138,609) 1,042,151
1,232,081 616,573 (614,233) (131,686) 1,102,735

g part ofthe financ
Unrestricted
funds
ia l s tatements )
Current year: Brought Carried
forward Income Expenditure
6
Transfers
f
forward
Designated
funds:
- Maintenance
Reserve
130,000 (85,295) 79,295 124,000
-Salary Reserve 432,000 30,000 462,000
- Friends ofStPetrocs 8,542 5,585 (5,152) 1,708 10,683
- Future Development Fund 657,975 150,000 807,975
-Service Development Fund 100,000 100,000
- Information
Technology
Fund 20,550 (32,083) 64,533 53,000
-Operating
Commitments
Fund 180,000 71,000 251,000
- Capital
Fund
529,051 (59,201) 42,011 511,861
1,958,118 155,585 (181,731) 388,547 2,320,519
Unrestricted
general
fund 48,602 3,032,002 (2,620,914) (390,866) 68,824
2,006,720 3,187,587 2,802,645 2,319 2,389,343
Prior period: Brought Carried
forward
f
Income
8
Expenditure
f.
Transfers
6
forward
6
Designated
funds:
- Maintenance
Reserve
60,000 (70,827) 140,827 130,000
-Salary Reserve 329,000 103,000 432,000
- Friends of St Petrocs 10,765 5,305 (6,418) (1,110) 8,542
- Future Development Fund 657,975 657,975
- Information
Technology
Fund 14,000 (17,885) 24,435 20,550
-Operating
Commitments
Fund 150,000 30,000 180,000
- Capital Fund 518,314 10,737 529,051
1,082,079 5,305 (95,130) 965,864 1,958,118
Unrestricted
general
fund 14,907 4,214,610 (3,346,737) (834,178) 48,602
1,096,986 4,219,915 3,441,867 131,686 2,006,720

otal f uture commitments
under non-
cancellable
operating
leases are
as follows:
Within one One to two Two to five
year years years
E E E
Land and buildings 319,576 167,221 93,245
Other 19,815 2,282 651
339,391 169,503 93,896