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2023-03-31-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

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
TR1 2DP
Investment Managers The COIF Charities Deposit Fund
CCLA Investment Management Limited
One Angel Lane
LONDON
EC4R 3AB
Insurance Brokers Towergate Risk Solutions
Suite 2a
Gateway Business Centre
Barncoose Gateway Park
REDRUTH
Cornwall
TR153RQ
Human Resources Consultants Croner Group Limited
Croner House
Wheatfield Way
HINCKLEY
LE101YG

Forthe year end e d 31March 2023
Year to 31 Year to 31 Year to 31 Year to 31
March 2023 March 2023 March 2023 March 2022
Unrestricted Restricted
Notes Funds Funds
5
Total Totalf
Income
Donations
and legacies
Donations
and gifts
418,727 28,170 446,897 504,758
Bequests 47,8?3 47,873 20,500
Charitable
acti vittes:
Grants receivable 516,195 516,195 665,205
Rent and personal charges 2,?61,572 2,761,572 2,805,181
Other trading
activities
18,613 18,613 23,661
Investments 20,044 20,044 3,884
Total income 3,266,829 544,365 3,811,194 3,823,189
Expenditure
Raising funds 119,932 732 120,664 140,924
Charitable
acti vttfes
3,176,452 494,197 3,670,649 3,352,4?6
Total expenditure 3,296,384 494,929 3,791,313 3,493,400
Net (expenditure)
for the year
I income (29,555) 49,436 19,881 329,789
Transfers
between
funds (3,028) 3,028
Net movement
in funds
(32,583) 52,464 19,881 329,789
Total funds brought forward 2,389,343 1,049,901 3,439,244 3,109,455
Total funds carried forward 2,356,760 1,102,365 3,459,125 3,439,244
Statement ofchanges in resources applied Year to 31 Year to 31 Year to 31 Year to 31
for fixed assets for charity use March 2023 March 2023 March 2023 March 2022
Unrestricted Restricted
Funds Funds Total Total
6 f
Net movement
in funds
(32,583) 52,464 19,881 329,?89
Resources used for net
fixed assets
acquisitions oftangible (448,807) (448,807) (54,749)
Net movement
offunds
activities
available for future (481,390) 52,464 (428,926) 275,040

As at31March 202 3
At 31 March 2023 At 31 March 2022
Notes 6
Fixed assets
Tangible assets 2,160,409 1,770,106
Current assets
Debtors 12 413,371 420,269
Cash at bank 13 1,537,749 1,982,748
Cash
in hand
3,308 1,724
1,954,428 2,404,741
Creditors: amounts
within one year
falling due 14 (433,656) (513,547)
Net current assets 1,520,772 1,891,194
Total assets less current liabilities 3,681,181 3,661,300
Creditors: amounts
after more than one
falling due
year
(222,056) (222,056)
Net assets 16 3,459,125 3,439,244
Funds ofthe charity
Restricted
funds
17 1,102,365 1,049,901
Unrestricted
funds
18
- Designated
funds
2,313,693 2,320,519
- General
fund
43,067 68,824
2,366,760 2,389,343
Total charity funds 16 3,459,125 3,439,244

Reconciliati on
of n
et inc ome to net cas h (used in) / provid ed
by operating
activi
ties
Year to 31 Year to 31
March 2023 March 2022
Net income for the reporting year
(as per the statement offinancial activities) 19,881 329,769
Adjusted
for:
Depreciation 58,504 76,762
Profit on disposal of other fixed assets (106)
Investment income (20,044) (3,884)
Decrease
/
(Increase) in debtors 8,898 (108,394)
(Decrease) / Increase in creditors within one year (79,891) 150,009
Net cash (used in) / provided by operating activities 14,852 444,176
Analysis of cash and cash equivalents
At 31 March At 31 March
2023 2022
Cash
in hand
3,308 1,724
Cash at bank 1,537,749 1,982,748
Total cash and cash equivalents 1,541,057 1,984,472

Year to 31 Year to 31
March 2023 March 2022
6
Winter Appeal 1?2,585 159,526
Donation
from
major donor 150,000
HM Revenue & Customs Job Retention Scheme 419
Other donations 274,312 194,813
446,897 504,758

4 Grants receivable
Unrestricted Restricted Total year to Total Year to
funds funds 31 March 31 March
2023 2022
F 6 5
Garfield Weston Foundation 40,000
Vocational
Development
Programme 249,120 249,120 182,204
Cornwall
Council
25,000 25,000 411,948
Crisis 25,000 25,000
Cornwall
Community
Foundation 54,144 54,144 23,350
Nationwide
Community
Grants 50,000 50,000
Department
of Levelling
and Communities
Up, Housing 77,657 77,657
Other grants (810,000 or less) 35,274 35,274 7,703
516,195 516195 665205

Fundraising income income
Rent
Miscellaneous income

Year to 31 Year to 31
March 2023 March 2022
10,418 16,744
6,800 4,800
1,395 2,117
18613 23661
Year to 31 Year to 31
March 2023 March 2022
6
20,044 3,884
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8 Net (expenditure)
Iincome for the year
Year to 31 March Year to 31 March
This is stated after charging: 2023 2022f
Depreciation 58,504 76,762
Profit on disposal offixed assets 106
Operating
leases
510,527 473,769
Governance
costs include:
Auditors'
remuneration
—audit
8,800 5,000
Auditors'
remuneration
—other
2,238 640

Staff numbers
and c
osts osts osts
The average
number
ofpersons employed by the Charity during the year was as follows:
Year to 31 Year to 31 March
INarch 2023 2022
Accommodation 21 19
Vocational
Development
Programme 7 7
Truro Resource Centre —Resettlement & Outreach 13 11
Breadline - Resettlement 3 3
FreshRield
Service
1 1
Support Services (finance,
administration,
fundraising
and management)
communications, 17 17
58
The aggregate
payroll
costs ofthese persons were as follows:
Year to 31 Year to 31 March
INarch 2023 2022
8
Wages 1,817,600 1,656,312
Social security costs 181,866 159,977
Pension costs 86,236 75,025
2,085,702 1,891,314

angible fixed asset s
Leasehold Furniture
property Freehold and Office Motor
improvements properties fittings equipment Vehicles Total
8 8 8 8 f f
Cost
1 April 2022 120,750 1,798,231 131,449 178,014 11,394 2,239,838
Additions 12,109 378,553 17,187 40,958 448,807
Disposals (12,031) (12,031)
At 31 March 2023 132,859 2,176,784 148,636 206,941 11,394 2,676,614
Depreciation
1 April 2022 84,798 141,367 114,863 123,955 4,749 469,732
Charge for year 11,221 11,868 32,565 2,850 58,504
On disposals (12,031) (12,031)
At 31 March 2023 96,019 141,367 126,731 144,489 7,599 516,205
Net book value
At 31 March 2023 36,840 2,035,417 21,905 62,452 3,795 2,160,409
Net book value
At 31 March 2022 35,952 1,656,864 16,586 54,059 6,645 1,770,106

Debtors
At 31 March At 31 March
2023 2022
Trade debtors 1,390 2,907
Other debtors 4,871 5,279
Accrued
income
251,389 253,669
Prepayments 155,741 158,414
413,371 420,269

13 Bank accounts
At 31 March At 31 March
2023 2022
5 6
Current
accounts/overnight
deposit 349,209 441,720
Deposit accounts 1,169,452 1,509,841
Other accounts 19,088 31,187
1,537,749 1,982,748
14 Creditors: amounts
falling
due within one year
At 31 March At 31 March
2023 2022
5
Trade creditors 102,710 108,701
Taxation and social security 43,842 44,520
Other creditors 4,081 5,075
Accruals and deferred income 283,023 355,251
433,656 513,547
Deferred Income
Balance as at 1 April 2022 119,317 22,144
Amount
released to income
(98,129) (4,884)
Amount
deferred
in the year
19,760 102,057
Balance as at 31 March 2023 40,948 119,317
15 Loans and mortgages
At 31 March At 31 March
2023 2022
District Health
Authority
loans secured on 1 Alexandra Terrace and 49 St
George's
Road free of interest
and repayable on sale of properties (see 102,056 102,056
note 20)
Cornwail
County
Council
- loan
charge on 1 Alexandra
Terrace
free 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 20)
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 222,056 222,055

Current period: Unrestricted
Restricted
Unrestricted
Restricted
Unrestricted
Restricted
Total
funds funds funds
6 F 6
Fixed assets 1,126,796
1,033,611
2,160,409
Net current assets 1,452,018 68,754 1,520,772
Creditors
falling due after
more than one year (222,056) (222,056)
2,356,760
1,102,365
3,459 125
Prior period: Unrestricted
Restricted
Total
funds
6
fundsf funds
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
17 Restricted funds
Brought Carried
forward Income
Expenditure
Transfers forward
6 f 6 6
Current year:
SmartMove - Bond Fund 5,079 (5,079)
Cornwall
Community
Crisis Grants
Foundation- 362 2,500 (1,931) 931
Winter Services Fund 97,831 (98,387) 556
Freshfield
Service Fund
30,000 (31,098) 1,098
Vocational
Development
Fund
Programme 250,120 (250,065)
Client Support
Fund
70,100 (23,293) 8 46,815
Prevent
and Retain Project Fund
25,000 (27,556) 2,556
Volunteer
Recovery Programme
Fund 10,000 (1,486) 8,514
Cost of Living Fund 15,000 (15,016) 16
Small grants and donations 8,271 43,814 (39,810) 164 12,439
For Future Operations 13,712 544,365 (488,642) (681) 68,754
Truro Resource Centre Building Grant 14,958 (3,437) 3,709 15,230
Falmouth
Supported
Fund
House Capital 418,291 418,291
BarncroR Capital Fund 596,292 596,292
Other Capital Funds 6,648 (2,850) 3,798
Capital Funds 1,036,189 (6,287) 3,709 1,033,611
1,049,901 544,365 (494,929) 3,028 1,102,365

Brought Carried
forward Income Expenditure Transfers forward
f
Prior period:
SmartMove
- Bond Fund
5,074 5,079
Cornwall
Community
Foundation-
Crisis Grants
866 2,500 (3,004) 362
Winter Services Fund 15,850 (15,954) 104
Vocational
Development
Programme
Fund
182,204 (182,204)
Assertive Street Outreach 3,948 (3,985) 39
Resource Centre Services and
Wellbeing
Fund
1,732 4,695 (6,449) 22
Covid-19 Fund 37,857 (37,960) 103
Cornwall
Community
Foundation-
Fundraising
Capacity
15,000 (16,699) 1,699
Contain
Outbreak
Management
Fund 411,948 (412,174) 226
Small grants and donations 11,109 3,400 (6,364) 126 8,271
For Future Operations 60,584 635,602 (684,793) 2,319 13,712
Truro Resource Centre
Building
Grant 17,904 (2,946) 14,958
Falmouth
Supported
House Capital
Fund
418,291 418,291
Barncroft Capital Fund 596,292 596,292
Other Capital Funds Q,B64 (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

Current year: Brought Carried
forward Income Expenditure Transfers forward
E E E E
Designated
funds:
- Maintenance
Reserve
124,000 (44,721) 20,721 100,000
- Salary Reserve
- Friends ofSt Petrocs
- Future Development
Fund 462,000
10,683
807,975
7,133 (6,904)
(393,935)
48,000
(1)
510,000
10,911
414,040
- Service Development Fund 100,000 (4,735) 4,735 100,000
- Information
Technology
Fund 53,000 (21,564) 28,564 60,000
- Operating
Commitments
- Capital Fund
Fund 251,000
511,861
(52,216) (37,000)
445,097
214,000
904,742
2,320,519 7,133 (524,075) 510,116 2,313,693
Unrestricted
general
fund
68,824 3,259,696 (2,772,309) (513,144) 43,067
2,389,343 3266,829 3,296,384 3,028 2,356760
Prior period: Brought Carried
fonvard Income Expenditure Transfers forward
E E E E
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
- Service Development
Fund
Fund
657,975 150,000 100,000 807,975
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

Total f uture commitments
under non-
cancellable
operating
leases are
as follows:
Within one One to two Two to five
year
8
years years
Land
Other
and buildings 305,895
13,007
91,300
10,412
18,000
9,556
318,902 101,712 25,556