2025-03-31-accounts

St Petrocs Annual report and financial statements For the year ended 31 March 2025 Registered Charity Number 1187077 Registered Company Number12320784

St Petrocs Contents Page Trustees, annual report Independent auditors, report 18-21 Statement of financial activities 22 Balance sheet 23 statement of cash flows 24 Notes to the statement ofcash flows 25 Notes to the financial statements 26-41

St Petrocs Trustees, annual report For theyearended31 March 2025 The Trustees present their annual report and the audited financial statementsfor the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 26to 28and complywith the CompaniesAct 2006 and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Flepublic of Ireland IFRS 1021 (effective l January 20191- Purpose and activities Charltable wrFXW- Our Mlssion Staternont Our ambition is to end homelessness in Cornwall. We believe everybody has the right to be treated with dignity. We believe that everybody has the right to a place to call home. Making sure everyone has somewhere safe to be, benefits us all. We havefailed as a society when some of us are struggling. That is why our ambition is to end homelessness in Cornwall. Charitable wrpose- Our Objects The charity's objects are. for the public benefit. the provision of housing, social housing, accommodation and assistance in housing individual& and the provision of associated facilities. services and amenities for the care and support lincluding but not limited to health care and related advice and educational, occupational and vcKational advice and training) of people in need by reason of financial hardship or for any other reason. Our hlstory and purpose St Petrocs was established as a direct response to people sleeping rough in Truro. It was set up to offer supportto those who have nowhere elseto go and actsas the last lineofdefence against someone having to experience rough sleeping. We are an independent, charitable organisation that provides people in need wfch somewhere and 9)meone to turn to. We believe that access to shelter is a human right, and we all share the basic need of a safe and Stable home. Housing insecurity is a social injustice. and homelessness is a societal issue. We need to work with all parts of the community to find a lasting solution and end homelessness in Cornwall. Collectively. we can achieve this ambttion and build a fairer society for all. The pressure ofpovertyisveryreal for manypeople in Cornwall. High living costsand low incomes trap people in precarious situations, with no easy way out Cornwall is a sea-locked. mainly rural county with poor transport infrastructure. all of which can lead to isolation. Pressure eventually takes its toll. People can be pushed into homelessness, finding themselves in search of a place to stay, isolated and dependent on the gwdwill of others and sometimes with no option but to sleep rough. Everybody deserves the right to be treated wtth dignity, no matter what their circumstances, background, or identity. We strive to support anyone who may need our seNice& recognisirig that what is good for one of us is good for us all; every person deserves the chance to build a life and thrive. st Petrocs has been providing services to people in need in Cornwall for nearly four decades. Our goal is to provide the support and opportunities required for our clients tofind a permanent route out of homelessne55. The organisatiorj has become an authoritative voice on the issue of homelessnes& As a result St Petrocs is not only providing much-needed services to people in crisis but Is using its influence to call for lasting change to achieve the ambition of ending homelessness in Cornwall.

St Petrocs Trustees, annual report For rheyear ended31 March 2025 Intended Impa¢ alms and h¢￿V we achierfe them There arefour elementsto howwecan achieveourambition of ending homelessness in Cornwall, some of which we can directly contribute towards, and others in which our role must be indirect. For the latter, we need to collaborate with partners to have influence and use evidence to effect change. l. Preventing homelessness We take action to prevent anyone becoming homeless wherever possible. We utilise our resources to support those at risk of having nowhere safe to stay. We collaborate with national bodies, who share our values. to call for changes to policyto address the needs of those who are at risk of homelessness. We recognise that the availability of good quality. genuinely affordable housing represents a significant factor in the prevention of homelessness We support effortsto increase the number of new houses being built. to bring back unused properties into use and to prioritise local houses for local communities. Preventlng homeles%ns thlsyear. We helped prevent 253 people from sleeping rough. Our work In actlon". Dave was only 18 years old when his family received notice that they were going to lose their home. Unsure of where to turn. Dave found support after discovering St Petrocs online. Dave said. Yhey were really friendly, I got a phone call and then I went to the resource centreto be interviewed by a member oftheteam. Then, the next week I got in. It was so quick". Thanks to the support of St Petroc4 Dave was able to reconnect with education and found his first job whilst living in our accommodation, and he now has moved into his own home. 2. Making homelessness an ex￿ptIon We will not accept homelessness as an inevitability. Homelessness is avoidable. However, where peoplefind themselvespushed into homelessnesswedrawon theirexperienceto identifywhere earlier intervention may have prevented their situation deteriorating. We seek to Use data and evidence to inform our decision making and to shape the services we deliver. In a minority ofcases, individuals sometimes do not wish to engage with support services, for variety of reason& We strive to make sure that this is an exception. We k￿P our door open to everyone so that there is alwayssomewhere and someonetoturn to when they are ready. Maklng homeles5nessan exception thlsyear. We have helped 1,446 people in the last year across all our service& OurV￿rk in actiork Matt was sleeping in a tent for a long time, when one day he found a hole in his boot. Matt realised he needed some help, but he also wanted to find a place to receive letters to get his life back on track. He visited our resource centre to see if he could use some superglue to repair his shoe. While there. one of our team asked Matt to sit with him for a moment. An hour later. they foLtnd themselves talking about finding him a place to Iwe. Five days later. Matt moved into our supported accommodation. 3. Making the experience of homelessness short We use our resourcesto act quicklyto end homelessnes& Through our Outreach and Homeless Support SeNices, we engagewith peoplewho are experiencing homelessness and obtain secure accommodation for them where available and work with the relevant agencies to ensure permanent solutions are found and adequate support is provided. We ensure that people get access to the support which is their basic human right

St Petrocs Trustees, annual report For rheyear ended31 March 2025 Intended impacL aims and we achie￿thern Icontlnued) We currently operate our own accommodation for 166 residents. all in single bedrooms, with a number having en-suite facilities. We continue to increase the capacity of our supported accommodation seNice so that we can respond quicklyto provide accommodation whenever it is needed. Making the experien￿ of homelessness short this We have been able to provide emergency accommodation through our Winter SeNices for 107 people who would otherwise have faced sleeping outside. We were able to provide positive housing outcomes for 83 of the people accessing this *rvice. Our ￿￿rk In actlon: When winter arrived. Jason received the shocking news that his seasonal job, which came with accommodation, was ending. After 10 days in his car with his dog, a cold snap and a kind stranger led lason to a community centre, where he met our outreach worker. We arranged an interview for our housing and secured him a room in our sUPPOrted accommodation a few hour5 later. 4. Supporting people out of homelessness for good Evidence showsthat for many people eX￿rIencing homelessness. personalised support is crucial to avoid returning to homelessness. At St Petrocs, we believe everyone should be treated as an individual and that their unique identity is vital in providing the support that they need. Our experienced team of staff and volunteers develop relationships with our clients to build SUPFJOrt plans with them to meet their needs. We encourage people to take ownership oftheir optionsand choices ratherthan assume we know what is bestfor them. Our residential services offer accommodation with dedicated support to provide a foundation upon which individuals can stabilise their lives and build towards independent living. Where required. we have specialist skills in supporting people experiencing addiction. Supwrung people out of homelessness for good year. We were able to support 125 people through our employment and skills programme with 25 people supported into work. Ourwork In actlon: Casey moved into our SUPFX)rted accommodation after her private rental became a holiday let. Casey has struggled with health issues throughout her time at st Petrocs but has found a passion for training in counselling and has moved out into her own place to call home. Casey shared."St Petrocs have turned my life around... They've taught meto be me again and I will get backto where I was before everything that happened". Ourvalues We believe that our organisational values of honesty. integrity, equality and dignity embody how we chooseto operate as an independent charity. We believe that these organisational values play an important role in promoting a healthy workplace culture. Ourvalues provide a framework for all staff and volunteers to be empowered to make decisions which are in line with how we chooseto operate. Our values allow us ta test our decisions and challenge each other constructively so that we can work to achieve our ambition in a positwe way. We are committed to maintaining our values throughout the organisation.

St Petrocs Trustees, annual report For theyear ended31 March 2025 Our value5 Icontinuedl St Petrocs is committed to ensuring that it is accessible to everyone regardless of any identity or characteristic. We want to foster an environment free from hafassment. unfair and LJnlawFul discrimination where everyone is treated fairly. Equity. as part of this, means recognising that some individuals face more barriers to 3cce55ing our services than others. St Petrocs recognises its responsibilities to the environment and to the local community. We are committed to comply with all relevant environmental legislation as a min imum performance, and to continu311y improve environmental performance through appropriate initiatives. control5, provisiorn of resources and training of employees. The aim Is to minim ise adverse impacts on the environment of activities and seNices within the context St Petrocs operates. Publlc beneflt St Petrocs annually reviews its aims, objectives and activities. and has referred to the Charity Commission's guidance on public benefit when reviewing these aims and objectives and In planning future activities. Achievements and perf0rrnan￿ (forming part of the strategic report) Have we met our objectives? Hom•l•Ssn￿s was •nd•d f•r 1,446 253 5371 prev•nt•d fr•m people. Our non-tesidential team supported 125 317 41ffl 3.988 1863 support through o p•opl liv•d ITr a Isio orti¥¥ ¥¥lib O sl(Jlls progrnmm c•ntr• I •nii• Ir+ ¢•m 25 347 166 volunt••rs support•d our Wofk t• end h0m•knsn￿*.

St Petrocs Trustees, annual report For rheyear ended31 March 2025 Have we met our objectrves? Icontinuedl Sadly, the demand for St Petrocs, service5 remains very high. Pressures Include the number of people who are seeking our help, rising living costs, including increasing rent levels In the private sector not matched by increasing income, and a squeeze on the availability of genuinely affordable properties for local communities. All of this has led to increased rates of homelessness. Official figures shovi that levels of rough sleeping nationally. and in Cornwall. have increased dramatically in the last few years. During the year we have worked with a total of1.446 people. St Petrocs homeless support services, located in our resource centres In Truro and Penzance. offer people who are sleeping rough. and those vulnerably housed. help to find new accommodation, together with general advice on issues related to housing. benefits and independent living. Homeless support serv1ces are available as drop-in sessions., appointments are made for assessments and other in-depth work. Food and clothes are available, as well as laundry and shower facilities. Other activities. run by volunteers. Include art and IT sessions. coffee corner and food clubs. Both of our resource centres have undergone improvements this year improving the functionality and aesthetics of the environment for those using our services. A kitchen was installed for the first time at the Truro resource centre, which has allowed people without a home kitchen of their own to prepare food, and has brought new opportunities for our volunteer-led groups by bringing people together through making and serving food The Resource Centre in Truro had 4,161 visits during the year and Penzance 3,988. Our Outreach team engage with people who are sleeping rough or at risk of losing their tenancy, to draw them into our homeless support services, link them Into other services or failing that, try to secure their personal safety and well-being. The team has a presence in a number of established community centres ancl other agency drop-ln centres across Cornwall so that our services and advice can be delivered within existing community networks. Our Outreach team engaged with those who are street homeless across the county on 2.863 occasions. Our Winter Services provide emergency accommodation to people experiencing homelessness during the coldest months of the year. Our winter services are delivered in a dispersed manner to accommodate people who would otherwise be sleepirng outside. Utilising hotels and guest house5 spread acr055 the county to keep people safely indoors and close to their local network of support. 107 Individuals were accommodated for an aggregate of 3,174 individual stays over 158 nights. 91Qh of ind ividuals did not return to rough sleeping. We were. again. able to provide emergency accommodation in the Penzance area with thanks to the Ministry of Housing, Communities & Loc31 Government who awarded us a two-year grant to deliver this specific place- based work due to the significant deir ]- 538 3,174 107 p•oplo $upport4d through our Winter Sèrvices. ol th• peopl• w• Jupport•d •ec•ss•d our •mw9•n¢y nlghts ol a¢commod•tlon provid•<L 78% 98% of the peopl• wl more people supported out emergency accommodatton thls wlnter. our emeryeney accornmodatlon Into ac￿MMad￿tiOn dld not r•turn to sleeplng rnugl

St Petrocs Trustees, annual report For theyearendedS1 March 2025 Have vrfe met our objective<l (continued) Our Freshfield Service provides a telephone advice-line for those who wish to discuss any aspect of addiction. This includes individuals living with addiction, affected others and frontline professionals. A bespoke face to face counselling service is also available for clients and residen This year, 56 people used the counselling seNice during 864 counselling sessions. People also obtained advice. information. and support through the helpline 4S2 time& The goal ofour Supported Accommodation service isto support people in their journey towards independent living. providing a platform UFX)n which they can thrive. We aim to deliver the support required to help people avoid fLrture homelessness. We had 151 admissions during the year in our accommodation. Our total riumber of properties stands at 24. in which we can accommodate 166 people at any one time. Last year J7 people stayed in our supported accommodation. Through our Vocational Development Programme. our employment and skills supwrt provides an individualised pathway out of homelessness for goThJ, supwrting our residents with training, education, volunteering. work experience. and employment opportunities. This year saw 125 participants engaging in the project activitie& 74 participants took part in community engagement events. ￿ participants have moved into employment. a further 23 havetaken part in training activities and 32 course5 have been attended. Most of the active participants are engaged with training or education through the project in someway. Fundralslng and Engagement OurApproach to FUndra￿Ing People are at the heart ofwhat we do. and that includes our supporter& Therefore, we believe in strengthening supporter relationships through good and appropriate communications.. by saying'thankyou" in the rightway. bytaking thesupporteron a journeywith a viewthatthrough good experiences they maywish to donate again. Ourfocus is on the donation experience being less tran￿CtIOnal and more personal. For this reason. all fundraising is carried out in-house by staff and volunteers, and we do not engage any professional fundraisers or commercial participators to act on our beha￿. The St Petrocs style of stewardship is well established and embedded acrosstheorganisation andwe regularlyreviewthese practicesand communications to align wtth best practice and PLtblic expectation& We undertake fundraising activities to support our charitable purpose of ending homelessness in Cornwall. Our fundraising activity includes on-line giving through our own website. direct email campaigns to our supporters, Winter Appeal to the local community.fundraising events and community fundraising. Fundraising thisyear Our annual WinterAppeal.which issupp0rtedwtde￿ by membersofthecommunity in Cornwall. inclLJding numerous local churches, voluntary groups. and Iccal businesses, raised ￿94.498. This was our highest ever total and a 2% increase on the previous year. which feels a significant achievement due to the cost-of-living crisis affecting fundraising nationally. We have received grant funding from a number of organisations this year including, amongst others, Cornwall CommunityFoundation. Cornwall Council.Garfield Weston Foundation, andthe UK Shared Prosperty Fund. We are incredibly grateful to all those organisations which support our work through grants each year and maintaining and developing relationships with grant funders continues to be an integral part of our fundraising strategy. A positive development of our grant funding over the last year has been the award of a multi-year grant from the Garfield Weston Foundation where we have funds pledged for the next two years this is a really wsitive investment in our work and will have a significant impact.

St Petrocs Trustees, annual report For theyear ended31 March 2025 Fundralslng and Engagement (continued) Fundraising Regulation and Compliance We are registered with the Fundraising Regulator and adhere to its Code of Fundraising Practice. We are also members of the Chartered Institute of Fundraising and maintain best practice in our work We are committed to ensuring that all fundraising is conducted transparently, ethically, and in a manner that protects supporters and members of the public, especially vulnerable individuals. We apply the Fundraising Flegulatorfs Code of Fundraising Prattice to inform the development of our fundraising policies and procedures The Code also underpins our staff training, volunteew guidance, and fundraising campaign design. We ensure that all staff and volunteers involved in fundraising are aware of and supported to uphold these standards. We are also aware of our obligation to contribute to the voluntary Fundraising Levy. given our level ofannual fundraising expenditure. We confirmthat our Iw paymentfor theyear has been made in full and on time. Monitoring of FundraisingActM'ty St Petrocs takes seriously its responsibility to ensure that all fundraising activity. whether carried out by staff, volunteers, or any individuals acting on our behalf. is conducted in line with our values and in compliance with regulatory standards. We ensure that all staff and volunteers involved in fundraising receive appropriate training and guidance. including on data protection. supporter experience, ethical fundraising. ar)d safeguardir)g. Training is reviewed and updated regularly to reflect current standards and best practice, and the Fundraising Regulator's Code of Fundraising Practice is used as the basis for our policies and procedures. Fundraising activty is monitored through internal line management oversight, reviews af activities, and regular team meetings. Senior leaders ensure that any iSSLJes of concern are addressed promptly and that staff are supported in meeting high standards of conduct. All public-facing fundraising materials and campaigns are reviewed and signed off internally to ensurecompliance with both legal and ethical stsndard& Fundraising Complaints We are pleased to report that no fundraising-related complaints wefe received during the financial year. Therefore, St Petrocs has not been subject to any investigation or compliance action by the Fundraising Regulator during the reporting period, and we ale not aware of any breaches of the Code of Fundraising Practice. All complaints or concerns related to fundraising are to be taken seriously and handled in accordance with our internal complaints policy. St Petrocs is commttted to maintaining the highest standards in all its fundraising activity and places great importance on listening to. and learning from, feedbackfrom supporteis and the public In the instance of complaints in line with our Complaints Poliry. complaints are to be logged and reviewed. The policy outlines a clear proce55 for acknowledging, investigating. and reswnding to concerns in a timely and respectful manner. Complaints are to be monitored by the senior leadership team and are to be reported to the Board of Trustees as part of our organisational learning and governance oversight. In the occurrence of a complaint, we would use it as an opportunityto reflect on our practice. improveour processe& and enhance the experience ofour supporters and beneficiaries. Where appropriate, we would amend procedures or provide additional guidance to staff and volunteers based on the feedback received. We are also committed to upholding the Fundraising Regulator's standards and encourage anyone with concerns about our fundraising to contact us directly or raise matters through the Regulator if needed.

St Petrocs Trustees, annual report For theyearendedS1 Alarch 2025 Fundraislng and Engagement Icontinuedl Protection of Vulnerable People St Petrocs is committed to ensuring that all fundraising activity is carried out in a way that is respectful, inclusive, and safe. particularly when engaging with membersofthe public who may be in vulnerable circumstances. We recognise that individuals may be vulnerable for a variety of reasons, whether due to age, mental oi physical health, housing status, financial insecurity, or personal circumstances. As a charity working directly with people experiencing homelessness. we apply this understanding across all public-facing engagement. In line with the Charities Act 2016 and the Fundraising Regulator's Code of FUndrais￿ng Prartice. we have implemented range of measures to ensure our fundraising is ethical. iespertful. and incluswe. Our Donation Acceptance and Refusal Policy includes specific guidance on engaging with potentially vulnerable indwiduals informed by the Fundraising Regulator's Code of Fundraising Practice. All staff and volunteers engaging in fundraising receive training and SLJPPOrt to help them recognise vulnerability, respond appropriately, and avoid any undue pressure or misunderstanding. We have guidelines in place for clients who wish to fundraise, volunteer or share a sfory to SUPFX)rt the charityto ensure it is very clear that our support is unconditional and in no way transactional, we never expect anything back in return for the suppy)rt we give to people. Our staff are instructed to take immediate steps to end a fundraising interaction where there is any concern that a person may be vulnerable. This includes avoiding repeated contac( respecting requests not to be approached again, and ensuring that privacy is upheld in all communications. We do not engage in door-to-door or street fundraising. We do not target individuals known to be vulnerable with direct fundraising requests and ensLJre our communications are worded and timed with care. We also provide clear contact routes for supporters to opt out of fundraising communication5 at any time. Our aim is to build trust and long-term relationships with our supporters and community. always placing dignity, consent, and empathy atthe heart of howwe fundraise. Policies and training materials are reviewed annually by senior management, and updates are shared at team rneetings to ensure continued awareness and compliance. Any concerns raised by staff, volunteers, or members of the public are recorded and reviewed as part of our commitment to continuous improvemenL Through these measures, we mitigate the risks a550ciated with engaging the public in fundraising. ensure that all individuals are treated with dignity and care, and uphold the highest standards of responsible fundraising. Volunteers Our volunteers bring a wide range of skills and knowledge to the organisation, and during the year we had 347 volunteers undertaking support roles and running the art group, coffee corner and lunch clubs in our resource centres, gardening ar)d beekeeping in our Supported Accommodation, assisting with administrative functions. fundraising and representing the Charity as community champions. Feedback from them is that they feel supported and welcomed into the organisation from the very start of their volunteering journey with us a nd understand the importance ofthe role they have at St Petroc In May 2025, one of our longest standing volunteers received an invitation to the King's Garden Party at Buckingham Palace in recognition of their sUPPOrt for St Petroc& Corporate volunteering, alongside the work with our Business Club. has developed considerably in the last year. diversifying our volunteering support.

St Petrocs Trustees, annual report For theyearended31 March 2025 Volunteers (¢ontlnued) We have a tradition of providing training for students studying BA and MA Social Studies at the University of Plymouth. During the period we provided one student placement with a view to grow this next year. Consequently, we are exploring opportunities with the local universities to engage more students in volunteering to add value to Olsrwork Partners Our ambition to end homelessness in Cornwall will require sustained endeavour over the long- term. It will only be achieved through co-ordinated. collaborative effort and we need to look to all sections of society to be part of the solution. By addressing the root cause5 of hoMele￿nesS, increasing the availability of genuinely affordable housing fof local people. providiF)g adequate supportservices,and Invo￿Ing all partsofthecommunity.wecan worktogethertowardsa future where everyone has a safe and secure place to call home. Working with other oiganisations allows us to access, develop, and share best practice, have influence, use evidence to effect change, obtain help for our clients from other agencies without duplication of work. develop our services in the future and secure funding. An example of the impact of this objective in the last couple of years has been our partnership with the Duchy of Cornwall, The t2oyal Foundation of the Prince and Princess of Wales and Homewards. St Petrocs is part of the Duchy of Cornwall's first innovative housing project, developing homes for 24 people in which we will provide wrap around support for local people experiencing homelessne4 Weweredelighted that one ofour residents and Some members of staff had the opportunity to meet the Duke and Duche55 of Cornwall during a visit to the development. St Petrocs is a member of a number of national bodies who provide training and support and with whom we share best practice guidance within the sector. These include Homeless LinK National Housing Federation, Centrepoint and Cornwall Voluntary Sector Fo¥um's Housing and Homelessness Alliance. Our Business Club,which was launched in 2023, hasformallywelcomed 22 businesses who have collectively raised over QS.000 in the last year in their financial donations alone. Our presence is well established in the local business community in Cornwall and we are also well supported by businesses beyond our business club. Furthermore, we havedeveloped very strong relationships with a number of private landlords, which have continLAed to enable us to increase our levels of supported accommodation in response to the demand we face. We continueto work with local agencies and churches in working toward our ambition of ending homelessness. We have been delivering community Èvents to engage people across the whole organi5atlDn in events and activities around Cornwall. We seek to create inclusive environmentswhere our staff, volunteers clients, bLJsiness club members, other agencies and supporters all come together to undertake activities from silent disco yoga. fishing trips and five-a-side football, to Coast Path Connectors, monthly walks. These help to develop meaningful connection and engagement in our work. Inandal review Ifonning part of the strategtc report} St Petrocs has a prudent approach to financial management. We are an independent charity. Whilst sorne residential housing costs are funded by Housing 8enefit, all support activities are funded by charitable means, either through grants from charitable bodies, government grants, or through fundiaising activities and donations

St Petrocs Trustees, annual report For theyear ended31 March 2025 Flnanclal revlew {contlnuedl The current cost of Iwing crisis continues to have an impact on our charity- it not only affects our costs, it impacts our staff, our volunteers, our donors and. crucially. the number of clients that are currently seeking help. A£ households continue to struggle to maintain their standard of living, we anticipate that demand for our services will continue to increase as people's ability to retain housing continues to be under pressure. especially given the property market in Cornwall still remains strong. Our reserves remain robust and we undertake regular updating of our financial forecasts which enables us to take corrective action tf necessary. Grant maklng pollcy The Charity does not make grantsto other organisation& Reserve5 policy The Charity holds reserves in order to meet futureoperating commitmentsto protectthe Charity against anyfluctuations or cessation of incomeflows and for its fijture developments. Our total restricted funds amount to £1.l2952712024: £1,057,6381. Of this funds that can only be realised by disposing of assets amount to fl.028.I9012024: fl.027.0741. The remainder of these funds are allocated to the project for which they have been received. The Board reviews the level of unrestrirted funds each period and designates funds for future use based on infrastructure requirements. repairsand maintenance, seNicedevelopment,future depreciation of other fixed assets, as well as providing for future salary and operating commitments. The Board aimsto balancethefuture operating requlrementsofthe0rgani￿t10n with ensuring we meet the needs of our clients. At the end of the year, total designated funds amount to £2.737,95012024'. £2,692,561). Of this, £550,00012024'. £550,000) is for the purchase of additional supported accommodation, partially derived from the kind donations ofa majordonor in previousyears. We acknowledgethat as the need for our services grow we need to be able to offer additional accommodation and will look to purchase suitable property in the near futuie. The balance of general funds amounts to £24.85512024: £42.9251. We endeavour to hold at least three months, worth of overhead costs lQ,I33,5001 in bank balances. Going concem policy The trustees have assessed the CharIt￿S ability to continue as a going concern. This assessment has involved reviewing the Charity's financial position. future plans, budgets, cash flow forecasts. and potential risks and uncertainties that may impact the Charitys operations. After careful consideration, the trustees ale confident that the Charity has sufficient resources to continue operating for the foreseeable future. The Charity has a robust financial strategy in place, which includes maintaining adequate reserves and implementing sound financial controls. Additional￿, the trustees afe satisfied that the Charity's activities and income streams are sustainable and that appropriate measures are in place to manage identified risks. Therefore, the trustees have a reasonable expectation that the Charity will continue in operational existence for the foreseeable future adopting the going concern basis in preparing the financial statements. io

St Petrocs Trustees, annual report For theyear ended51 March 2025 Investment policy and objectlb Investments are spread across a number of banks and building societies which has been facilitated by using the CAF (Charities Aid Foundationl Chèrity Deposit Platform provided through its partnership with Flagstone Investment Management. This has allowed us to efficiently and effectively reduce the risk associated with holding funds with one provider. Some funds are also held in a no notice deposFt account run by COIF Icharsties Investment Fund). No equity investment is conducted. Plansfor future periods Over the nextyear we expect thefirsttranche of purpose-built accommodation provided by the Duchyof Cornwall and the Duke ofcornwall's Charitable Foundation to be readyfor use. We are excited to be part of this innovative scheme in conjunction with The Fèoyal Foundation of the Prince and Princess ofwales and Homewards. In June 2025, we began woiking with Impakt Housing & SupporL a Registered Provider of Social Housing. This arrangement will allow us to become subject to the Regulator for Social Housing's regulatory standard relating to property and service quality, ensuring that we achieve first class governance arrangements and excellent quality service provision. In turn it Vlill also help us to continue to achieve our aim of growing our much-needed supported accommodation services and maintain stability in our staff team and ensure our high standards are maintained. We are committed to maintaining sustainable funding streams to continue and enhance our support work for those in OL*r homes as well as our important non-residential work so that we can continue our focus on ￿rSOn-￿ntred support across all our seNices. Tax ststus The company is a registered charity and as such is not liable to corp)ration tax on rls charitable activities.

St Petrocs Trustees, annual report For theyear ended31 March 2025 Reference and administrative details Name ofthe Charity. Charity registration number- Company registration numt*r'. Governing instrument.. Constitution.. Website.. St Petrocs 1187077 12320784 Articles of Association Company limited by guarantee wwwstpetroc&org.uk Margie Ricardo Chair Fit Revd Hugh Nelson President Geoff Tate Vice President Resigned 26th June 2024 Roger Carson Vice Chair James Anderson Appointed 26th September 2024 Sally Attwell Resigned Ilth November 2024 Revd Charles Blizzard Resigned 26fh June 2024 Donna Birrell Tom Duncan Dr James Oliver Ray Royes Appointed 71th December 2024 Victoria Sewell Appointed 26th June 2024 Jonathan Sparkes OBE Rachel Thomson The above constitute directors of the companyfor the purwses ofthe CompaniesAct 2006 and trustees of the Charity for the purFX)ses of the Chartties Act Key management petsonnel {Senlor Leadership Team) Chief Executive Henry Meacock Judith Dumbrell Director of Finance and Companysecretary Director of Operations- Residential Services Director of Operations- Non-Flesidential Services Francois Voges Russell Bower Director of Engagement Director of Setvice Development Director of People and Culture Lois Wild Amanda Wright Tom Beaumont Appointed lSt Febiuary 2025 12

St Petrocs Trustees, annual report For theyearended37 March 2025 Prlnclpal address of the charlty The Charity's registered office is located at.. Peat House Newham Road TRURO Cornwall TRI 2DP www.stpetrocsorg.uk Bankers Lloyds Bank plc POBox3 B05cawen Str￿t TRURO Cornwall TRI 2QT Audltots. RRL LLP Peat House Newham Road TRURO Cornwall TRI 2DP Investment Managa5 The COIF Charities Deposit Fund CCL4 Investment Management Limited One Angel Lane LONDON EC4fi 3A8 Insurance Brokers Towergate Risk Solution5 Suite 2a Gateway Business Centre Barncoose Gateway Park REDRUTH Cornwall TRIS 3RQ Human Rfjsources Consultants Stephens Scown Solicitors LLP Osprey House Malpas Road TRURO TRI IUT Hoalth and Safoty Ad Croner Group Limited Croner House Wheatfield Way HINCKLEY LEIO IYG 13

St Petrocs Trustees, annual report For theyear ended31 March 2025 Structure, governance, and management Governing document St Petrocs is registered asa Charitywththechartycomms￿0naTr1 asa Companylimli￿I tyguaTrntee at Companies HoLJ5e. In June 2024 we adopted the Chaiity Governance C(Kle for larger charities. Organisational structure Our clients come from all walks of life. and so do the trustees, staff and volunteer& We wholeheartedly believe that a broad dwersity of thought, identity, background. and lived experience makes us a stronger organisation. We are committed to building an inclusive environment where people of all backgrounds are treated fairly and feel a genuine sense of belonging. Prioritising lived experience in our work and at all levels of our organisation is a key part of our mission. We ensure that those directly affected by homelessness have a voice in shaping our services at all levels of our organisation. Many people within St Petrocs have lived experience of homelessness With some people having progiessed from volunteering or accessing ser￿Ice$ into paid roles. This is demonslrable with 25% off the staff team, 33% ofthe management team, 40% of the senior leadership team and 18% of the trustees having lived experience of homelessness. Our commitment is evident in our work with 65 residents who helped revise our residential policie5, making sure their insights and needs are integrated into our work This year we introduced involving our SUPFX)rted accommodation residents in our recruitment process, giving them the chance to contribute to OLsr team. We have also connected our clients and residents with opportunities to rev5ew local and national homelessness seNices ensuring their voices are heard in broader discussions. To further support our clients, we have implemented a trauma- informed approach, which acknowledges that past experiences influence people's needs. This understanding allows us to build trust and create a safe. empowering environment for all our clients and residen Our staff have alwa￿5 been empowered to expresstheirviews and know theywill be heard. Their ideas, suggestions. and contiibutions have shaped St Petrocs and the way we operate our services. In response to their recognition of the need. inclusion training has been delivered to all Staff acro55 all areas of the organisation. acknowledging this as fundamental to our culture. Over the last year. we have rolled out the availability of clinical SUpe￿I510n for all our frontline staff. This has been well received and has had a wsfcive impact on health and wellbeing. Every day, our staff meet an avalanche of decisions- some a matter of life and death- and we trust them to makethe right choices.Alongside qualitytraining, supwrL and essential resources, they are given full autonomy within our frameworks to deal with the sltuation at hand. because we believe that they are the expert& It pays off, and we are delighted to have been recognised again as a leading employer ofchoice through being awarded 'Gold" in 2024 with our Investors in People accreditation. In June 2025 wewere awarded the Homeless Link ExcellenceAward for Workforce Development and we have, again, had success at Cornwall Chamber of Commerce 30 Under30 awards, which celebratethe County's young busine55 talenL These tremendous achievements underscore St Petrocs. positive working culture, driven by strong cole values a clear purpose. and a motivated. competent, flexible, and committed staff group. 14

St Petrocs Trustees, an nual report For theyear ended31 March 2025 Organlsational structure {continued) We hold the ISO 9001 lQuality Management Systems). ISO I400I (Environmental Systems) and Cyber Essentials accreditations. The senior leadership team comprises the Chief Executive, Diiectors of Finance, Residential Services, Non-Residential Services. Engagement. SeNice Development and People and Culture who lead their teams to provide the best quality of service possible. The trustees are responsible for the strategic leadership and control of St Petrocs., for ensuring compliance with our values. vision, mission and objectwes and for providing oversight and direction to the Chief Executive and staff. The trustees elect a chair annually who is responsible for the leadership of the Board of Trust￿5 and for ensuring its effectivenes The board have nominated championsfor key areas of our work including diversity and inclusion, the environment, property matters. safeguarding, finance, and events and fundraising. The collective expertise of the board covers a variety of disciplines including health, social care, religion, property, business and finance. Members generally seNe for terms of three years that may be renewed for a furthertwo terms. The board meets quarterly with additional meetings if required. The Board had no formal sub- committees during the period. It receives a regularflow of information concerning client services, finance and other significant matters. Implementation of board decisions is the responsibility of the Chief Executive and the senior leadership team. Recruttment and Inductlon of tru51ees Information packs covering theactwtyand governanceof St Petr￿S are available to prospective and new trustees. New trustees undergo an induction programme involving site visits and meetings with staff. The strength and composition of the board is kept under constant review and new trustees are recruited where there are gaps in knowledge and experience of the existing trustee5. Pay pollcyfor senlorthff The Board consider the trustees and the senior leadership team to comprise the key management personnel of the Charity, in charge of directing, controlling, running and operating the Charity on a day-today basis. All trustees give their time fr￿lY and no trustee received any remuneration in the period. Details of the trustees, expenses and related party transactions are disclosed in note11 to the financialstatements The pay of all staff is reviewed regularty in relation to cost of living rises and benchmarked against pay levels in other similar organisation& We are a Living Wage accredited employer. making a public commitment to our staff that they will alway5 receive a fair rate of pay that enables them to meet the real cost of living. Related parties None ofthe trustees receive remuneration or other benefit from their work with the Charity. Any connection between a member or senior stsff member wtth any beneficiary or supplier of the Charity is disclosed to the Board in the same way as any other contractual relationship with a related party. 15

St Petrocs Trustees, annual report For theyearended31 March 2025 Rlsk management St Petrocs has developed a Risk Management frameworl enabling trustees to have visibility of risks that arise both at a strategic level and those operational risks that are sufficiently serious that they require board scrutiny and assurance. The Risk Management Framework is SUPPOrted by a risk register and a risk management policy to ensure that risk management is embedded thToughout the organisation. The board considers the risk register regularly at board meetings so that risks are managed in an appropriate way as and wher) they awise. We believe that the Charity is adequate￿ insured for all liabiltty risls including the actions of officers.wlunteers and trustees. The charfcy recognises the need to comply wtth the Data Protection Att 2018. We are registered with the Information Commissioner and have implemented policies and processes to ensure compliance with its statutory obligations. To ensure proper compliance we have a contract with Cronerto provide Health and Safety advice and we are utilising the seTvices of a leading local firm of solicitors to provide Human Resources Seriices. Risk assessments for all activities are carried out and checked on a iegular basis to ensure all policies and procedures are adhered to. We take seriously our responsibility to provide an environment for staff, clients, residents and volunteer5 that is safe and free from discrimination and victimisation. The charity has formal safeguarding policies in place which are reviewed regularly. and staff also receive specific training in relation to both health and safety and safeguarding. ststement of trusleeg responsibillties The trustees (who are also directors of St Petrocs for the purposes of company lawl are responsible for preparing the TTUStees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial sLatements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resource& including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then appty them consistently, observe the methods and principles in the Charities SORP 2019 IFRS1021', make judgements and estimatesthat are reasonable and prudenL state whether applicable UK Accounting Standards has been followed subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 16

St Petrocs Trustees, annual report For theyearended31 March 2025 Statement of trusteeg re5Fx)nslbllitle5 (contlnued) The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charttable company and enable them toensurethat thefinancial statementscomptywiththeCompaniesAct2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ststement of disclwreto auditor In so far as the trustees are aware: there is no relevant audit information of which the chaiitable CoMpan￿S audttor is unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. This reF()rt has been prepaied in accordance wtth the special provision of Part 15 of the CompaniesAct2006 relating to small companies. In approving the Trustee5' Annual Report.we alsoapprovethe Strategic report included therein, in our capacity as companytrustees. By order ofthe Board Peat House Newham Road TRURO TRI 2DP M Rlcardo rrustee

St Petrocs I ndependent auditors, report to the members of St Petrocs Opinion We have audited the financial statements of St Petrocs (Limited by guarantee) Ithe 'charitable company'l for the year ended 31 March 2025 which comprise of the income and expenditure account, the ￿atement of financial activities. the balance sheet statement of cashflows and notes to the financial statements including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kirigdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standardapplicable in the UKIUnited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements-. give a true and fair view of the state of the charitable company's affairs as ar 31 March 2025, and of its incoming resources and application of resources. including its income and expenditure, for theyearthen ended., have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the Companies Act 2tY)6. Basls of oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Erhical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiremen We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. condu￿on5 relating to golng ¢on¢om In auditing the financial statements. we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectivety. may cast significant doubt on the charitablecompany's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this repJrL Other information The board is responsible for the other information. The other information comprise5 the information included in the anr)ual report. other than the financial Statements and our auditor's report thereon. Our opinion on the financial ststements does not cover the other information and we do not express ènyform of assurance conclusion thereon. 18

St Petrocs Independent auditors, report to the members of St Petrocs In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othepNise appears to be materially misstated. If we identfy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themsefves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Oplnions on other matters prescrlbed bythe Companles A£t2( In our opinion, based on the work undertaken in the course ofthe audit.. the information given in the trustees. annual report, which includes the direcLors' report prepared for the purposes of company law. for the financial year for which the financial siatements are prepared is consistent with the financial statementy and the directors, report has been prepared in accordance with applicable legal requirements. Matters on vthlch the audltor is required to report by except In the light ofour knowledgeand understanding ofthe charitablecompany and its environment obtained in the course of the audi( we have not identified material misstatements in the directors, report included within the trustees. rewrL We have nothing to report in respectofthefollowing matters in relation towhich thecompanies Act 2006 requires us to report toyou rf. in our opiriion.. adequate accounting records have not been kept by the charitable company. or returns adeqLJate for our audit have not been received from branches not visited by us., or the charitable CoMpan￿S financial statements are not in agreement with the accounting records and returns. or certain disclosures of directors. remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies. r￿Irne and take advantage of the small companies, exemptions in preparing the directors. report and from the fequirement to prepare a strategic reporL Responsibilities of the Board As explained more fij1￿ in the trustees. responsibilities statement set out on pages 16-17 the trustees (who are also the directors of the charstable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial Statements that are free from material misstatement, whether due to fraud or error. 19

St Petrocs Independent auditors, report to the members of St Petrocs In preparing the financial statements. the trust￿ are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations or have no iealistic alternative but to do 50. Audttorfs reSpon￿bIlltieS forthe audlt of theflnandal statements Our objectives are to obtain reasonable assurance about whether the financial slatements as whole are free from material mi￿tateMent, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial staternents. Irregularities, including fraud, are instances of non-compliance with laws and regulation& We design procedures in line with our responsibilities. outlined above, to detect material misstatements in iespect of irregularitie& including fraud. As part ofour audit work. we obtained an understanding of the legal and regulatoryframeworks applicableto the charityand the sector in whichthey operate. Wedetermined that the laws and regulations that were most signtficant were those that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011, and compliance with the Chartties Statement of Recommended Practice. In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity's ability to operate or to avoid a material penalty- These include data protection regulations health and fety regulations, licensin9 acts and employment legislation. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below. Obtain an understanding of the legal and regulatoryframeworks applicable to the company and the sector in which it operates. We determined that the following laws and regulations were most significant.. the Companies Act 2006, the Charities Act 2011. Health and Safety Regulations, Safeguarding and GDPR Review of the disclosures in the financial statements and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements. Enquiries of management concerning actual and potential litigation and claims.. Performing analytical procedures to identity any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud- Reviewing minutes of meetings and correswndence with regulators; Performing audr( work in connection wtth the risk of management override of controls, including testing journal entries for reasonableness, evaluating the business rationale of signif icant transactions outside the normal course of business and reviewing accountirig estimates for potential bias. We also communicate relevant identtfied law5 and regulations and potential fraud iisk to all engagement team members and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audtt. 20

St Petrocs I ndependent auditors, report to the members of St Petrocs Our audit approach also considered the opportunities and incentives that may exist within the charity for fraud and identified the greatest potential for fraud being in respect of cut off and completion risk around revenue recognition. Under ISA IUKI we are also required to undertake procedures to respond to the risk of management override of controls. Our procedures included the following-. Undertaking transactional testing on revenue Performing completeness testing on the rental income Performing cut off testing on income Auditing the risk of management override of controls irscluding through testing journal entries and other adjustments for appropriateness and evaluating the business Kationale for significant transactions outside the normal course of business Reviewing estimate5 and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making estimates. Because of the inherent limitations of an audtt, there is a risk that we will not detect all irregularities. including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at= httpsJkn.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's reporL Use ofour rewrt This report is made solely to the charitable CoMpan￿S member& as a b¢xly. in accordance with Chapter 3 of Part16 ofthe Companies Act 200& Our audit work has been undertaken sothat we might stateto the charitable CoMpan￿S members those matters we are required to state to them in an auditor's report and for no other purF)ose. To the fiJllesL extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this rewiL or for the opinions we have formed. Josh Sterfens ACA (Senlor StstutoryAudito For and on behalfof RRL LLP Chartered Accountants Statutory Auditors Peat House Newham Fload TRURO TRI 2DP 19/09/19ZS 21

St Petrocs Statement of financial activities For theyear ended31 March 2025 Yearto Yearto 31 March 51 March 21725 2025 Unrestricted Restricted Funts Funds Yearto 31 March 2025 Yearto 31 March 2024 Totsl Total N(rtes Income Donations andlegacies Charitable activities Grants recewable Rent and personal charges Other trading activities Investments 17,470 S73559 501.503 459,634 33095U7 3,180,479 39,147 59,353 7&776 75,776 Totsl Income 3m038 6EQ.159 4.631B7 4,240.116 Expendtture Raising funds Charitable actmties 7,0 157.0 125,178 1793,736 603252 4396P88 3,780,939 Totsl expenditure 1930,737 603252 4533989 3,906,117 Net Income ft)r the y&r S6gf 99208 333,999 Transfers between funds (14982) 14982 Net movement In fvnds 27J9 .889 99208 333,999 Total funds brought forward I7￿486 1,057,638 A793,124 3,459,125 Totsl fvnds carrled forK4rd Z76Z80S l.l295Z7 3P92352 3,793,124 The statement of financial activities includes all gains and105ses recognised in the years to 31 March 2025 and 31 March 2024. Year to 31 March Year to 31 March 2025 Unrestr1￿ Restrlcted Funds Funds Yearto 31 March 2025 Year to 31 March 2024 Statement of changes in resources apptied for fixed assets for charity use Totsl Total Net movement In furrfts 27J9 99208 333.999 Resources used for net acquisitions of tangible fixed assets 08589) (65(K>i (2SG99} [34.6801 Net movement of funds wailable for fLrture 730 74.T19 299,319

St Petrocs Balance sheet As at37 March 2025 At31 March 2025 At 31 March 2024 Ftxed assets Tangible assets 72 1i0i,433 2.128,287 Current assets Debtors Cash at bank and in hand 13 74 419,628 IP97593 450,171 1.858,899 1417221 2509,070 Credltors amounts falllng due within one year 15 {404266) 1422,IT71 Net current assets ZOiZ95S 1,886.893 Total assets less current liab]Iltles 4.114J88 4,015,180 Creditors amounts falling due after more than one year 16 1222,0561 17 3.891332 3,793,124 Funds of the char riestricted ftjnds Unrestricted funds Designated funds General fund 18 19 1.i295Z7 1.057.638 Z7￿￿1 24 2,692.5 42,925 1761805 1735.486 Totsl tharityfijnds 17 3,793,124 The financial statements have been prepared in accordance with the special provisions of Part 15 ofthe CompaniesAct 2006 relating to small companies and constitute the financia5 statements required bythe Companies Act 2006 and are for circulation to members ofthe company. l °q,,c￿v d°0 by. M Ricardo Trustee Company registration number12320784

St Petrocs Statement of cash flows For theyear ended31 March 2025 Yearto 31 March 2025 Year to 31 March 2024 Cash fltm from operating activities Net cash provided by operating activities 293,169 Cash flows from inNesting activities Investment income re￿iVed Fixed asset addition5 7&T16 (2&0891 59,353 134,6801 Net cash provided by investing activities 24.673 Change In and cash equtvdlents in the reporting year 317,842 Cash and cash equivalents at the start ofthe reporting year 1,541,057 Cash and cash equThralents at the end ofthe reporting year 1,858,899 24

St Petrocs Notes to the statement of cash flows For theyear ended37 March 2025 Reeonclllatlon of net Income to net cash prtrrfkled by operating activities Yearto 31 March 2025 Yearto 31 March 2024 Net income forthe reporting year las per the statement of financial actniitiesl Adjusted for Depreciation Investment income Decrease / lincreasel in debtors IDecreasel in creditors within one year 333,999 $1,943 f757761 30543 66,802 159,3531 136.8001 Ul,4791 Nettssh provided opernting acr1vi￿£S 293.169 Ana￿LS of cash and cash equivalents At￿ March At 31 March 2025 2024 Cash at bank and in hand i￿?33 1,858,899 Total cash and cash equfvalents 1,858,899

St Petrocs Notes Iforming part of the f /nancialstatements} The company is limited byguarantee and does not have a share capital. In the eventofthe company being wound up each member 15 liable to contribute a sum not exceeding £1. There were16 members at 31 March 202512024: 161. Accountingwllcles The following accounting policies have been adopted in dealing with items which are considered material in relation to the preparation of the CoMpan￿S financial statements. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFf4S 1021 (effective l January 20191 (Charities SORP IFRSO0211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Companies Act 2006. St Petrocs meetsthe definition of a public benefit entity under FF2S102. Assets and liabilities are initially recognised at historical c05t or transaction value unless othewise stated in the relevant accounting policy note. 2.2 Going concem At the time of approving the financial statements the trustees have a reasonable expectation that the chaflty has adequate resources to continue in operational existence for the foreseeable future. The trustees have reviewed the current financial p051tion together with budgets and cash flowforecasts and consider that the charity has sufficient resources to continue tLs activtties for at least 12 months from the date of approval and signing of these financial statements. As a resul( the trustees consider it to be appropriate that these financial statements are prepared in accordance with the going concern basis. 23 Incomingresources Incoming resource5 including grants recewable are accounted for in the year in which the Charity is entitled to receipL ent and personal charges are recognised in the financial statements when certainty of receipt can be reasonably expected. Depreciation on capf(al grant funded assets is charged against the relevant restricted or designated funds. No amount is included in thefinancial statementsforvolunt￿rstIrne in linewith the SORP IFFIS 1021. 2.4 Bequestsandlegacies A legacy or bequest is recognised in the financial statements when the certainty of receipt and the amount re￿1vable has been established. 2.5 Donations Donations are recognised in the financial statements when they are receivable. Donated assets are capitalised at a value equtvalent to market value at the date of donation. 26

St Petrocs Notes [formingpart of the financia/statementsJ Expenditure 15 included on an accruals basis. The irrecoverable element of VAT is included within the item of expense to which it relate Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Other costs which are attributable to more than one activity, are apportioned acr055 Cost categories on the basis of an estimated usage of each service provided. 2.7 Tanglble ￿Yeda5¥ets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on tangible fixed assets at annual rates appropriate to the Liseful life of the asset and its residual value. The rates and bases of depreciation applicableto each class of asset are as follows.. Freehold property Leasehold property Furniture and fittings Office equipment Motor vehicles Cfver the term of the lease 33113% straight line 33,1,% straight line 25% straight line 2.8 Debtorsandcredito Debtor5 receivable and creditors payable within one year or after more than one year are recorded at trarisaction price. 2.9 LoansandtsrnI￿ngs Loans and borrowings are initially recognised at thetransaction price including transaction Cosfs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment If an arrangement constitutes a finance transaction, it 15 measured at present value. 2.10 concessio￿￿￿￿AS Concessionary loans are loans Provided at below market rates and are recognised in the accounts at the amount received with the carrying value adjusted to reflect repayments made in subsequent periods.The only Conce￿I0nary1o3ns in the accountsare interest free and secured on properties held by the charity15ee note 16 for further details). 2.11 Unresti7ctedandd*natedfiinds These funds have been made available to the Charity without specific condition& The use of unrestricted funds is entirely at the discretion of the trustee& Designated funds are unrestricted funds earmarked ty the trustees for particular purpose& 112 Restncr8dfun< These funds are made available to the Charity with spectfic conditions imposed by the donors as to the nature of their use.

St Petrocs Notes Iforming part of the f Inancialstatementsj 2.13 Tran5fw5 Transfers are made when appropriate from a specific fund to recover costs incurred not charged directly to that fund. 2.14 Taxation The Charity is an exempt charitywithin the meaning of sch£Klule 3 ofthe Charities Act 2011 and is considered to pass the test set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charrtable company for UK corporation tax purposes 2.15 Emplo)Eebeneffts Wherb employees have rendered service to the Charity, short-term employee benefits to which the employees are entitl￿ are recognised at the undiscounted amount expected to be paid in exchange for that service. The Charity operates a defined contribution pension plan for the benefit of its employees. Contributions are expensed as they become payable. 2.16 Operatlng leases Rental charges are charged in the slatement of financial artivities on a straight line basis over the life of the lease. 2.17 JudgenwitsandkeyAyur¢esofescln7ation uncertainty In the application of the CoMpan￿S accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eSt￿MateS and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The current value of freehold properties is considered annually by the trustees. Depreciation is not provtded as the trustees believe the market value, and therefore the residual value. of the properties exceeds the historical value shown in the financial statements. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are ¥ecognised in the year in which the estimate is revised where the revision affects only that year. or in the year of the revision and future years where the revision affects both current and future years. 28

St Petrocs Notes (formingpart of the financia15tatementsJ Donatlons arKI legacies Unrestricted funds Restricted funds Yearto 3] March 2025 Year to 31 March 2024 Donation Winter Appeal Other donations 194,498 2425n 194.498 254,041 190,373 285586 11,470 437,069 725.000 11.470 448539 125,0 475.969 25,544 Legacies 561069 11.470 501,503 Totsl yearto31 March 2024 488,028 13.475 501,503 Grants receivdble Unrestricted Restricted funds funds Total year Total Year to31 March to31 March 2¢725 2024 Vocational Development Programme 258373 85,251 Ministry of Housing. Communities & Local Government 131.808 131,808 131,808 Cornwall Council 34,294 852 Cornwall Partnership NHS Foundation Trust 44,822 21788 Cornwall Community Foundation 51308 54,995 The National Lottery Community Fund 73,316 Garfield Weston Foundation 75.000 B&Q Foundation io,000 io,000 National Grid- Community Matters Fund 10,000 Other grar)ts Ibelow ￿0,000) 3378 43,084 41362 20,624 3.278 648,689 459,634 Total yearto 31 March 2024 1.417 458,217 459,634

St Petrocs Notes [formingpart of the financialstatements) Grants recelvable {contlnued) Grant funding was received to support charitable activities across all services during the year. Within thefiguresabove, thefollowing grantswere received from public fund& The Vocational Development Programme received funding of £238,416 12024.. £55.7791 from the UK Shared Prosperty Fund through the Cornwall and the Isles of Scilly People Hub via Cornwall Council. The ftoyal Cornwall Hospital NHS Charities Together Community Partnetshipalso provided fundingtothe programmeof £19,957 12024: £9.9791. In 2024, £9,493 was also funded through the European Social Fund as well as other grant making bodies. The Ministryof Housing, Communities & Local Government Iformerlythe Department of Levelling Up, Housing and Communities) promded two grants through the Night Shelter Transformation Fund totalling ￿37,808 12024.. £131,8081 towards our Winter Services programme at Truro Resour￿ Centre and Breadline. This year we received seven grants from Cornwall Council totslling £34,294. This included 08,742 in respect of costs incurred in becoming a flegistered Provider for Social Housing. £13.516 through the Active Travel and Social Prescribing fund supported by Active Travel England, the Department for Transport and Healthy Cornwall to encourage travelling by active means and reducing barriers individuals face to travel actively, as well as a number ofsmaller grants through the Community Chest programme to help purchase items for our Supported Accommodation12024.' £8521. Cornwall Partnership NHS Foundation Trust provided funding of £44,822 12024: £22,788) for our Mental Health Advocacy PTojecL An amount of £24,984 12024". QO.O(M)I was paid through Cornwall Community Foundation from the People in Mind Communty Wellbeing Fund which is Jointly fijnded by NHS Cornwall and Isles of Sci1￿ Integrated Care Board and Public He8￿h. Last year. £5.(K)O was received through the Foundation and supported by the Government's Household Support Fund. Through The National Lottery Community Fund. the Department for Culture, Media and SFX)rt provided funding of £73316 in the previous year for critical SUPFKirt to people who are homeless in Cornwall. An amount of ￿,899 was received in 2024 from Superfast Cornwall. a partnership funded bythe EU,Cornwall council.the UK governmentand 8Tto improveour digital solutions and providing improved software resource& An Access to Work grant from the Department of Work and Pensions was received in the previous year to help an employee with a disabilty obtain specialist equipment to assist them in their work

st Petrocs Notes Iforming part of the financia/statementsJ Rent and personal charges Yearto Yearto 31 Mar¢h 2025 31 March 2024 Unre51rlcted Unrestricted nds funds Housing benefrt Personal charges Other client rent 3.107.691 i8&739 16.077 1994,681 178.877 6,921 3.180,479 Other tradlng actlv5ties Yearto Yearto March 2025 31 March 2024 Unre*ri¢ted Unrestricted funds funds Fundraising income Rent 792 32,534 6,000 613 Miscellaneous income 616 39.147 Investrnent Income Yearto Yearto 31 March 2025 31 March 2024 Unrestricted Unrestricted fund5 fund5 Bank interesi receivable 75.T76 59J53

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St Petrocs Notes Iformingpart of the financialstatementsj Net Income for tho Yearto Year to 31 March 2025 31 March 2024 Thisls stated after charging= Depreciation Operating leases 66,802 51A,314 576,015 Governance costs include.. Auditors, remuneration- audit Auditors. remuneration- other 7.800 3,855 10 staff nurnbers and ccLsts The average number of persons employed by the Charity during the year was as follows: Yearto Yearto 31 March 2ry25 31 March 2024 Accommodatior) Vocational Development Programme Homeless Support Services - Truro Resource Centre and Outreach Homeless Support Services - Breadline Freshfield Se￿[Ce Support Services (finance, administration, engagement, communications. fundraising and management) 13 16 16 The aggregate payroll costs of these persons were as follo Yearto Yearto 31 Marth 21Y25 31 March 2024 Wages Social securf(y costs Pension costs 1025756 198.773 150.666 1.824.336 170,257 143,724 73.195 2,138,317 There are no non-statutorylnon-contractual termination payments included within wages for the year12024.' £212841. No specific funding was recewed in relation to these payments. For theyear ended ￿ March 2025. one employee received emoluments of between flQ,000 and £80,00012024: one). Total key management personnel remuneration for theyearwas £40I,29212024: £347.0731. No Board member received any emoluments in the period12024.' nonel. The Charity contributes to a defined-contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. At the end of the year, there were no outstanding contributions12024'. ￿3,4621.

St Petrocs Notes (forming part of the financia/st3tementsJ Related patytransactions Donations and fundraising income of£2.46812024- £2.8861 were received from trustees and connected persons during the year. No conditions were attached to these donations. No expenses were claimed by trustees during the year12024.' £nill. 12 Tangible fixed assets Fumiture and Motor lrnproNwnents prop8rtles ffttFngs equlpment Vehlc Totsl C(Ist l April 2024 Additions Disposals 138,844 6500 1176.784 154,780 222.935 18.589 00,8131 11,394 2,704,737 25,089 128.0921 07.2791 At 31 March 2025 145344 2.176,784 137,501 230,711 11,394 2,701,734 Depreclatlon l April 2024 Charge for year On disposals 108,939 12,490 141367 137.706 9,239 72791 177,990 29,268 0,8131 10,448 946 576.450 51,943 128,0921 At 31 March 2025 121,429 141367 129.666 196,445 IlJ94 600,301 Net bxikvalue At 31 March 21Y25 21915 10344ri 7.835 34266 ZiOi.433 Net bookvalue At 31 March 2024 29.905 2,035,417 17.074 44,945 946 2,128.287 13 Debtors At 31 March 2(Y25 At 31 March 2024 Trade debtors Other debtors Accrued income Prepayments 11,394 6.738 263,488 168,551 llm6 226264 450,171

St Petrocs Notes Iforming part of the financialstatementsj 14 Bank accounts At 31 March At 31 March 2024 Current accountslovernight deposit DeFX)Sit accounts Other accounts 356215 1,608.493 421,633 1,398,601 35,171 Cash at bank Cash in hand 1.855,405 3,494 1,858,899 15 c1￿1t0r% amountsfalllng duè vlfthln one >par At 31 March 2025 At 31 March 2024 Trade creditors Taxation and sxial securty Other creditors Accruals and deferred income 12S040 114331 41,559 17.543 248.744 22Qi72 421177 Deferred Income Balance as at l April 2024 Amount released to income Amountdeferred in theyear 17505 (17,452} 40,948 136,0771 12,634 Balance as at 31 March 2025 17,50 Deferred income consists of ren￿ fundraising and grants recewed in advan￿. 16 Concesslonary loans At31 March At31 March 2￿25 2024 District He3￿h Authority loans secured on l Alexandra Terrace and 49 St George's Road free of Intere￿ and repayable on sale of properties (see notè 211 Cornwall County Council - loan free of interest secured wfth a second charge on l Alexandra Terrace Carrick District Council loan advanced in November 1990 interest free, secured on property and repayable upon sale - 8 Tremayne Road. Truro (see note 211 102,056 5,000 90,000 Cornwall County Council mortgage advanced in 1990 free of interest secured wth a second charge on 49 St George's Road 25,000 222,056 Falling due in less than one year Falling due after more than oneyear 222,056

St Petrocs Notes Iformingpart of the financialstatementsj 17 Ana￿15 of net assets tetsveen ftinds Current perio(t Totsl funds funds fund5 Fixed assets Net current assets Creditors falling due after more than one year 1.073243 1,911.618 1222.0561 1,028,190 101337 1iffi,433 1011955 12UOS6) 1762,805 1,129,527 Prlor perlod: Unrestrfcted Restricted fijnds funds Total funds Fixed assets Net current a￿et$ Creditors falling due after more than one year 1,101.213 1,856329 1222,0561 1,027,074 1128287 30,564 1,886,893 (2UOS61 1735,486 1,057.638 3.793,124 18 Restricted fijnds Brought fonNard Carrled forward Income Expenditure Transfers Current ypar. Cornwall Community Foundation - Crisis Grants Winter SeNiceg Fund Freshfield Setvice Fund Vo¢ètional Development Programme Fund Client Support FLJnd Mental Health Advcracy Fund Regr￿ered Provider Fund Core Costs Fund Z5CKS 115041 i62.i08 24.984 9,115 384 7.449 DS.1501 17,6S7 4380 258373 P61.0751 149,4911 147,7281 118,7421 16,7431 P5,2151 I,ff78 4339 076 50.413 44.822 18.742 75.0(X) 16.717 1,090 3.960 6J51 7.130 Small grants and donations 8320 432 For Future Operatlon5 Truro Resource Centre Building Grant Falmouth Supported House Capital Fund Barncroft Capital Fund Other Capital Funds 30.564 653,659 1597,8Tr1 14.985 i￿5 11.542 14,4351 418,291 418291 S96292 949 19461 131 Capttsl Funds I,QZ7,074 15,3811 131 l.02qlX) 1,057,638 660,159 1603.2521 14,982 1.129

St Petrocs Notes Iformingpart of the financia/statementsJ 18 Restricted funds Icontlnued) Brought Carried forward Income Expenditure Transfers forward Prior pgriod: Cornwall Communtty Foundation Crisis Grants Winter Services Fund Freshfield SeNice Fund Vocational Development Programme Fund Client Support Fund Mental Health Adv(Kacy Fund Core Costs Fund Volunteer Recovery Programme Fund Community Organisations Cost of Living Fund Small grants and donations 931 19381 157283 15,000 n58,2331 17.6741 950 123 87 183,0151 4380 46.815 28534 21788 60.000 4,9041 06,7121 160,0761 3,894 4339 fiIY76 76 8514 18.f211 207 73J16 (73387) 1313421 11439 Z7520 703 8320 For Future Operatlons 68,754 4W.692 1516,0021 6.120 30564 Truro Fiesource Centre Building Grant Falmouth Supported House Capital Fund 8arncroft Capital Fund Other Capital Funds 15230 (3,6881 11542 418291 418291 596,292 3.798 138491 Capltal Funds 1,033.611 16,537) I,OZ/.ry74 1,102365 4Tr,692 15215391 6,120 1,057,638 The purposes of the above funds are as follows For Future Operatior Cornwall CommunityFoundation Crisis Grants- grants given for client use. Winter SemGes Fund- donations and grants given towards running emergency services over the winter period. including fl￿,808 for two grants from the Ministry of Housing, Communities & Local Governmentl- Freshfieldservice Fund- grants and donation5 given to support the work of our Freshfield service. VocationalDevelopmenr Programme Fund- funding given to SUPFX)rt individuals to join OUT employment and skills programme. It works across the organisation and complementsthe other seNices we provide. In addition to covering direct programme Cosis, the grants also support a range of back-office activities related to the programme. including organising and promoting events. as well as financial tasks such as grant tracking and related reporting.

St Petrocs Notes (forming part of the financialstatementsj 18 Restricted fund5 (continued) Clientsupport Fund- grants and donations given to fund costs of providing support work for clients in our residential and non-residential seNices. MentalHealthAdvocacyFund- is a grant from Cornwall Partnership NHS Foundation Trust to fund our Mental Health Advocacy project including a dedicated Mental Health Support Worker linking in with our other services and external agencie& Registered Provider Fund- funding for costs incurred regarding our change to Registered Provider status as agreed by Cornwall Council. Core CostsFund- grant awarded in February 2025 towards the running costs ofthe Charity for the next year. Volunreer Recovery Programme Fund - funding received specifically to redevelop our volunteering programme to serve our clients. our organisation and, therefore, the wider community in Cornwall following the disiuption caused bythe CoMd-19 pandemic. Community Organisations Cost of Living Fund- a grant from the Department of Culture, Media and Sport delivered through the National Lottery Community Fund to provide critical support to homeless people through our Truro Resource Centre, Breadline and Freshfield 5ervice5. There are other small grants and donations given for various purF)05es and income and expenditure is recorded against these where applicable. Capltal Funds The capital funds represent funding received towards fixed assets. Depreciation on these assets is allocated to the relevant fund. 19 Unrestricted funds Currentyear. Brought forward Carrled forward Income Expendfcure Transfers Designated fund - Maintenance Reserve - Salary Reserve Friends of St Petrocs Future Development Fund - SeNice Development Fund Information Technology Fund - Operating Commitments Fund Capital Fund 200,000 1.000 7.405 028.5871 128,587 2ix),000 53,000 $64,000 1,138 &763 4288 14,0691 200,(X)O 012.4081 112.408 200.000 62,000 (15.8381 5.838 000 283,000 29.000 1000 146,5581 851,187 4288 1307.4591 348.560 Z737,950 3.968,750 (3,6232781 1363.5421 24055 3.9￿,038 3.930,737 14,982 879,156 18,589 169Z56I Unrestricted general fund 41925 2.735,486 a7Q805

St Petrocs Notes Iformingpart of the financialstatementsj 19 Unrestrfcted fund5 (continued) Prlor period. Brought fO￿ard Carrled foThvard Income Expendsture Transfers Designated fijnds. Maintenance Reserve - Salary ReseNe Friends of St Petrocs Future Development Fund Service Development Fund Information Technology Fund - Operating Commitments Fund Capital Fund ioo,i)00 0.000 10.911 169.6511 169.651 200.000 1,000 1.000 12.7511 7,405 135.960 550,000 7368 18,1231 414,040 100,000 131.8231 131.823 200,000 60,CrfJO 08,3681 20368 61000 214,000 69,000 283,000 904,742 158.9871 33.401 s￿,756 2J3,693 7368 86,9521 558,452 169Z561 Unrestricted general fund 43,067 3,761,056 13.196.6261 1564.5721 41925 2,356,760 3,768,424 13.383,578 6,120 1735,486 The purposes of the above funds are as follows Maintenance Resene-fund for future maintenance and refurbishment of our properties. SalaryReserve- fund for approximately three months. salarie& Friendsofstpetrocs-fundscollected and distributed bythe Friends, groupsto helpenable residents to prog¥ess their personal development and provide items for the accommodation in each group's local area. Future Development Fund - fund earmarked for the purchase of new supported accommodation properties partially derived from major donations and the sale of office premise& Service Development Fund - fund to provide for new seNice developments and also provide contingency funding for schemes where income streams may end before new onescan be obtained. Information TechnologyFund- fund for future IT development Operating Commirments Fund - to provide for approximately 3-6 month5, contracted commitments. CapitalFund- this represents the fixed assets financed by the Charity which by their nature are not availabletofund day to day operating expense&

St Petrocs Notes (forming part of the f In3ncialstatementsJ 20 Financial commltments Total future commitments under non-cancellable operating leases are a5 follows.. Within Oneto Tr￿t0 CNerfwe one Total years years Land and buildings other 399JS 22fi0￿ 37QU79 61.168 l.OS1475 15.829 Total year to 31 March 2025 41zsn 2rJ,050 3T7,409 .168 i.ry78J04 Within one One to two years Two to five years Over five years Total year Land and buildings Other 318,500 17,929 111372 11295 115.730 46,666 2268 592,268 32,492 Total yeartoSI Maich 2024 336.429 123.667 117,998 46,666 624,760 There were no capital commltments at the year end P024.' £2.7521. 21 Contlngent liabllitie5 Two of the loans to the Charity (see note 161 include clauses that the amounts repayable will be in proportion to the market value of the properties to which the loans relate on the date that the properties are sold. No additional liabilttywill arise until such a date that the propety is sold. 22 Events after the end of the reporting period Following the year end the Charity was awarded a grant from the Duke of Cornwall's Charitable Foundation. to enable the charity to build property in the Nansledan estate. This property will be owned by the Duchy of Cornwall, but a 60-year lease will be granted to St Petrocs for the use of the property for their charitable purpose, for the rent of a F)er annu m. Construction on the project commenced in July 2025. The total expected cost of the project and corresponding grant income is Q.25 million. 23 Auditor￿ liabllty limitstion agreement For the year ended 31 March 2025. the charity entered into a liabiltty limitation agreement with its auditors, the principal terms of which limit the liability of the auditors to £5million in relation to their responsibilities as auditors of the charity. The date this was agreed by the chartiy was 25th June 2025. 41