| Page | ||
|---|---|---|
| Reportofthe Trustees | to2 | |
| Independent Examiner'sReport | 3 | |
| StatementofFinancial Activities | 4 | |
| Balance Sheet | 5 | to6 |
| CashFlow Statement | 7 | |
| Notestothe Cash Flow Statement | 8 | |
| Notes to the Financial Statements | 9 | to16 |
| DetailedStatement of Financial Activities | 17 | to18 |
31/01/2025
| Unrestricted funds Notes £ INCOMEANDENDOWMENTSFROM Donationsandlegacies 2 52,536 Charitable activities 4 TheEdwardHainCentre, StI yes 2,370 Investmentincome 3 364 Total 55,270 EXPENDITURE ON Raising funds 5 200 Charitable activities 6 The Edward Hain Centre, St 1yes 96,111 Total 96,31I NET 1NCOMEl(EXPENDITURE) (41,041) Transfersbetweenfunds 15 695,000 Netmovementinfunds 653,959 RECONCILIATIONOFFUNDS Total fimds brought forward 5,410 TOTALFUNDSCARRIEDFORWARD 659,369 |
Year Ended 31/3/24 Restricted Total funds fimds £ £ 715,222 767,758 2,370 364 715,222 770,492 200 12,722 108,833 12,722 109,033 702,500 661,459 (695,000) 7,500 661,459 5,410 7,500 666,869 |
Period 22/3/22 to 31/3/23 Total funds £ 6,010 |
|---|---|---|
| 6,010 | ||
| 600 | ||
| 600 | ||
| 5,410 | ||
| 5,410 5,410 |
| Notes FIXEDASSETS Tangible assets II CURRENTASSETS Cash at bank CREDITORS Amounts falling duewithinoneyear 12 NETCURRENTASSETS TOTALASSETSLESSCURRENT LIABILITIES CREDITORS Amounts fallingdueaftermorethanoneyear \3 NETASSETS FUNDS 15 Unrestrictedfunds: General fund FixedAssetReserve- Designated Restrictedfunds TOTALFUNDS |
Unrestricted funds £ 1,024,38 1 39,443 (5,842) 33,60 1 1,057,982 (398,613) 659,369 |
Restricted funds £ 7,500 7,500 7,500 7,500 |
2024 Total funds £ 1,024,38 1 46,943 (5,842) 41,101 1,065,482 (398,6 13 ) 666,869 35,058 624,311 659,369 7,500 666,869 |
2023 Total funds £ 6,010 (600) 5,4 10 5,410 5,410 5,410 5,410 5,410 |
|---|---|---|---|---|
| Cash flows from operating activities Cash generated from operations Interest paid Netcash providedbyoperatingactivities Cashflows from investing activities Purchaseoftangiblefixedassets Interestreceived Notes Net cash(used in)/providedbyinvesting activities Cash flows from financing activities Newloansinyear Net cash providedbyfinancing activities Changeincash and cash equivalentsin the reporting period Cashandcash equivalentsatthe beginningofthereporting period Cashandcash equivalentsatthe endof thereporting period |
YearEnded 31/3124 £ 685,702 (20,822) 664,880 (1,024,381 ) 364 (1,024,017) 400,070 400,070 40,933 6,010 46,943 |
Period 2213122 to 31/3123 £ 6,010 |
|---|---|---|
| 6,010 | ||
| 6,010 | ||
| 6,010 |
| Net incomeforthe reporting period(as per the StatementofFinancial Activities) Adjustmentsfor: Interestreceived Interest paid Increase increditors Netcashprovidedbyoperations |
Vear Ended 31/3/24 £ 661,459 (364) 20,822 3,785 685,702 Period 22/3/22 to 3113123 £ 5,410 600 6,010 |
|---|---|
| 2. | ANALVSISOFCHANGES INNETFUNDS/(DEBT) | |||
|---|---|---|---|---|
| At_1/4123_ | Cash flow | At3113124 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 6,010 | 40,933 | 46,943 | |
| 6,010 | 40,933 | 46,943 | ||
| Debt | ||||
| Debts falling due within I year | (1,457) | (1,457) | ||
| Debts fallingdueafter1 year | (398,613 ) | (398,613) | ||
| (400,070) | (400,070) | |||
| Total | 6,010 | (359,137) | (353,127) | |
| - - | - - |
| Donations Legacies Grants Grantsreceived,includedintheabove, areasfollows: TheNationalLotteryCommunityFund CornwallPartnershipNHSFoundationTrust CornwallCouncil- CouncillorCommunityChestScheme StIvesTownCouncil CornwallCommunityFoundation INVESTMENT INCOME DCJX>sitaccountinterest VearEnded 31 /3/24 £ 736,184 10,512 21,062 767,758 VearEnded 31/3/24 £ 10,000 1,722 1,000 840 7,500 21,062 VearEnded 31/3/24 £ 364 |
Period 2213/22 to 3113123 £ 6,010 |
|---|---|
| 6,010 Period 2213122 to 3113/23 £ Period 2213122 to 3113123 £ |
| Period | ||||
|---|---|---|---|---|
| 2213/22 | ||||
| Year Ended | 10 | |||
| 31/3/24 | 3113/23 | |||
| Activity | £ | £ | ||
| Rentalincome | The Edward Hain Centre, SIIves | 1,140 | ||
| Carparkingincome | The Edward HainCentre, SIIves | 1,230 | ||
| 2,370 | ||||
| S. | RAISINGFUNDS |
| Fundraising 6. CHARITABLEACTIVITIESCOSTS The Edward Hain Centre, StIyes 7. SUPPORTCOSTS The Edward HainCentre, StIves Management £ 53,556 |
Direct Costs £ 27,681 Finance £ 22,902 Year Ended 3113/24 £ 200 Support costs (see note 7) £ 81,152 Governance costs £ 4,694 Period 2213/22 to 3113123 £ - - Totals £ 108,833 Totals £ 81,152 |
|---|---|
| 10. II. Wagesandsalaries Socialsecuritycosts Otherpensioncosts The averagemonthlynumberofemployeesduringtheyearwasasfollows: Management Noemployees received emoluments inexcessof£60,000. COMPARATIVESFORTHESTATEMENTOFFINANCIALACTIVITIES Unrestricted funds £ INCOMEANDENDOWMENTSFROM Donationsandlegacies 6,010 EXPENDITUREON Charitable activities TheEdwardHainCentre, StIvcs 600 NETINCOME 5,410 TOTALFUNDSCARRIEDFORWARD 5,410 -- TANGIBLEFIXED ASSETS COST Additions NETBOOKVALUE At 31 March 2024 At31March 2023 Page13 Year Ended 3113/24 £ 19,877 1,451 238 21,566 Year Ended 31/3/24 I Restricted funds £ -- |
Period 22/3/22 to 31/3/23 £ Period 22/3/22 to 31/3/23 Total funds £ 6,010 600 5,410 5,410 - - Freehold property £ 1,024,381 1,024,381 |
|---|---|
| continued... |
| 2024 £ Bankloansand overdrafts (see note14) 1,457 Othercreditors 185 Accruedexpenses 4,200 5,842 -- 13. CREDITORS: AMOUNTS FALLINGDUEAFTER MORE THAN ONEYEAR 2024 £ Bank loans (seenote14) 398,613 14. LOANS Ananalysisofthematurityofloansisgivenbelow: 2024 £ Amountsfallingduewithinoneyearondemand: Bankloans 1,457 Amountsfallingduebetweentwoandfiveyears: Bank loans -2-5years 16,426 Amountsfallingdueinmorethanfiveyears: RepayablebyinstaimenlS: Bank loans · morethan5 years 382,187 |
2024 £ Bankloansand overdrafts (see note14) 1,457 Othercreditors 185 Accruedexpenses 4,200 5,842 -- 13. CREDITORS: AMOUNTS FALLINGDUEAFTER MORE THAN ONEYEAR 2024 £ Bank loans (seenote14) 398,613 14. LOANS Ananalysisofthematurityofloansisgivenbelow: 2024 £ Amountsfallingduewithinoneyearondemand: Bankloans 1,457 Amountsfallingduebetweentwoandfiveyears: Bank loans -2-5years 16,426 Amountsfallingdueinmorethanfiveyears: RepayablebyinstaimenlS: Bank loans · morethan5 years 382,187 |
2023 £ 600 600 2023 £ |
|---|---|---|
| 2023 £ |
||
| 16,426 382,187 |
||
| Unrestrictedfunds Generalfund FixedAssetReserve- Designated Restrictedfunds Friends oftheEdwardHainCentre- Property Cornwall CommunityFoundation TOTAL FUNDS |
Net movement At1/4123 infunds £ £ 5,410 (41,041) 5,410 (41,041) 695,000 7,500 702,500 5,410 661,459 |
Transfers between At funds 3113/24 £ £ 70,689 35,058 624,311 624,311 695,000 659,369 (695,000) 7,500 (695,000) 7,500 666,869 |
|---|---|---|
| Unrestricted funds Generalfund Restrictedfunds FriendsoftheEdward Hain Centre - Property CornwallCommWlityFoundation The National Lottery Community Fund CornwallPartnershipNHSFoundation Trust CornwallCouncil- CouncillorCommunity Chest Scheme TOTALFUNDS Comparatives for movementinfunds Unrestricted funds Generalfimd TOTAL FUNDS Incoming resources £ 55,270 695,000 7,500 10,000 1,722 1,000 715,222 770,492 **Comparativenetmovementinfunds. includedinthe aboveareasfollows: ** |
Resources expended £ (96,311) (10,000) (1,722) (1,000) (12,722) (109,033) Net movement infunds £ 5,410 5,410 Movement infunds £ (4 1,04 1) 695,000 7,500 702,500 661,459 At 31/3/23 £ 5,410 5,410 |
|---|---|
| Incoming | **Resources ** | Movement | |
|---|---|---|---|
| resources | expended | infunds | |
| £ | £ | £ | |
| **Unrestrictedfunds ** | |||
| Generalfund | 6,010 | (600) | 5,410 |
| TOTALFUNDS | 6,010 | (600) | 5,410 |
| -- | - - | - - |
| Period | ||
|---|---|---|
| 22/3/22 | ||
| YearEnded | to | |
| 31/3/24 | 3113/23 | |
| £ | £ | |
| INCOMEANDENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 736,184 | 6,010 |
| Legacies | 10,512 | |
| Grants | 21,062 | |
| 767,758 | 6,010 | |
| Investment income | ||
| Depositaccountinterest | 364 | |
| Charitable activities | ||
| Rentalincome | 1,140 | |
| Carparking income | 1,230 | |
| 2,370 | ||
| Total incoming resources | 770,492 | 6,010 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| **Fundraising ** | 200 | |
| Charitable activities | ||
| Ratesandwater | 393 | |
| **Insurance ** | 2,722 | |
| Lightandheat | 6,039 | |
| Health&safetyandsecurity | 640 | |
| **Repairsandrenewals ** | 17,887 | |
| 27,681 | ||
| Support costs | ||
| Management | ||
| Wages | 19,877 | |
| Socialsecurity | 1,451 | |
| **Pensions ** | 238 | |
| Marketing | 2,795 | |
| Office supplies | 95 | |
| ITcosts | 3,670 | |
| Subscriptions | 113 | |
| Consultancy | 25,3 17 | |
| 53,556 |
| Period | ||
|---|---|---|
| 2213122 | ||
| Year Ended | to | |
| 31/3/24 | 3113/23 | |
| £ | £ | |
| Management | ||
| Finance | ||
| Bankcharges | 80 | |
| Mortgagerees | 2,000 | |
| Mortgage | 20,822 | |
| 22,902 | ||
| Governance costs | ||
| Accountancyfees | 4,500 | 600 |
| Professionalfees | 194 | |
| 4,694 | 600 | |
| Totalresourcesexpended | 109,033 | 600 |
| Net income | 661,459 | 5,410 |