## |||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**
**Netcashprovided**byoperations|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
**Ananalysis**ofthe**maturityofloansisgivenbelow:**
_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
**Ananalysis**ofthe**maturityofloansisgivenbelow:**
_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 **ofthe**EdwardHainCentre-**
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|