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2025-03-31-accounts

Company registration number 13993616 (England and Wales) Charity registration number 1200936 (England and Wales)

THE EDWARD HAIN CENTRE LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE EDWARD HAIN CENTRE LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees K Grindstaff
L Isaacs
E Veal
C Sutcliffe
A Bennetts
M Evamy (Appointed 30 August 2025)
Country of incorporation United Kingdom 13993616
(England and Wales)
Charity registration England and Wales 1200936
Registered office Edward Hain Centre
Albany Terrace
St. Ives
Cornwall
TR26 2BS
Independent examiner bk plus
Alverton Pavillion
Trewithen Road
Penzance
Cornwall
TR18 4LS

THE EDWARD HAIN CENTRE LTD

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Statement of financial position 6
Statement of cash flows 7
Notes to the financial statements 8 - 20

THE EDWARD HAIN CENTRE LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 Republic of Ireland (FRS 102)".

Objectives and activities

The advancement of health and the relief of those in need by reason of youth, age, ill-health, disability or financial hardship in St Ives for the public benefit by establishing and operating a community health and wellbeing centre to provide:

The facilitation of clinics. activities and services, provided by health practitioners and other community organisations and individuals for the purpose of improving the health and wellbeing of the residents of St Ives and its surrounding area

Public benefit

Our Trustees have regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

Significant activities and achievements against objectives Charitable activities

During the 2024/25 period thanks to grants received we established the Centre as a Community Hub and offered free services including support groups, exercise classes and health advice appointments. We also made an agreement to rent part of our building to the St Ives Food Bank, who had been served notice at their previous residence, ensuring that this vital service remains available to those in need in St Ives

Fundraising activities

We successfully applied for 2 statutory grants from The Enterprise Fund (Town Deal) and the Community Levelling Up Partnership. The Enterprise Fund grant enabled us to carry out further refurbishment and repairs, which saw the first floor of our main building brought into use – the increased income from this helped us to employ a 2[nd] part time employee. The CLUP grant paid for us to employ a third fixed term employee, a full time Community Hub Officer who helped to grow the number of services we provide and to recruit volunteers – due to the increase in our income this role continues to be employed in an ongoing part time capacity. We also applied successfully to several trusts and foundations and in total received £106k in grants during the 24/25 financial year. An additional £33k was received from community fund raising events organised either by ourselves or by our sister charity The Friends of Edward Hain

£26.3k was earned from the Centre’s rented spaces and we anticipate that this will continue to grow as the Centre establishes itself in the community.

THE EDWARD HAIN CENTRE LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Financial position

We continue to bank with the CAF Bank – a charity bank set up for charities/not for profit organisations, with which we have 2 accounts. Our current account opening balance on 1[st] April 2024 – £21,831

Our current account closing balance as of 31st March 2025 - £18,879

Notable income received for the financial year included: donations from The Friends of Edward Hain amounting to £21,514, an Enterprise Fund grant totalling £15,132 a Community Levelling Up grant of £15,953, A Garfield Weston private trust grant of £15k a grant from Volunteer Cornwall of £9k and 2 donations from private individuals of £25k and £6k.

Reserves policy

As a relatively newly established charity we have not been able to establish a reserves policy, but a policy will be put in place as part of our next business plan, and is actively being discussed with trustees.

As we reported in 2023/24 we expect our first three years cashflow to be focused on the repair and renovation of the building in order to be able to generate enough income to begin creating reserve.

The results for the year are shown in the statement of financial activities on page 5 and show the net incoming resources for the year of £23,062 (2024: £661,459) which together with the reserves brought forward of 666,869 (2024: £5,410) gives a total reserves figure of £689,931 (2024: £666,869) of this amount, £673,571 (2024: £659,369) is unrestricted.

Principal funding sources

The Charities principle sources of income are grants, private and corporate donations plus rental income from the parts of the building which are open

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of trustees

Our Trustees are recruited following the process outlined in our Trustee recruitment policy which as adopted in 2023.

THE EDWARD HAIN CENTRE LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Reference and administrative details

Registered Company number

13993616 (England and Wales)

Registered Charity number

1200936 Registered office

The Edward Hain Centre Albany Terrace St Ives Cornwall TR26 2BS

Trustees KV Grindstaff LJ Isaacs E Veal C Sutcliffe A Bennetts H O’Riordan (resigned June 2025) MR Evamy (appointed September 2025)

The Trustees report was approved by the Board of Trustees Trustees and authorised for issue and were signed on its behalf by:

L Isaacs

Trustee

24 December 2025

THE EDWARD HAIN CENTRE LTD

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EDWARD HAIN CENTRE LTD

I report to the trustees on my examination of the financial statements of The Edward Hain Centre Ltd (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

24 December 2025

Tom Tripp FCCA ACA bk plus Alverton Pavillion Trewithen Road Penzance Cornwall TR18 4LS

THE EDWARD HAIN CENTRE LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
95,202
54,949
Charitable activities
3
29,385
-
Other trading activities
4
10,014
-
Investments
5
1,074
-
Total income
135,675
54,949
Expenditure on:
Raising funds
6
1,372
-
Charitable activities
7
120,101
46,089
Total expenditure
121,473
46,089
Net income
14,202
8,860
Transfers between
funds
-
-
Net movement in
funds
9
14,202
8,860
Reconciliation of funds:
Fund balances at 1 April 2024
659,369
7,500
Fund balances at 31 March
2025
673,571
16,360		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
150,151
52,535
715,222
29,385
2,370
-
10,014
-
-
1,074
364
-
190,624
55,269
715,222
1,372
200
-
166,190
96,110
12,722
167,562
96,310
12,722
23,062
(41,041)
702,500
-
695,000
(695,000)
23,062
653,959
7,500
666,869
5,410
-
689,931
659,369
7,500		 Total
2024
£
767,757
2,370
-
364
770,491
200
108,832
109,032
661,459
-
661,459
5,410
666,869

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE EDWARD HAIN CENTRE LTD

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
17
Net assets
The funds of the charity
Restricted income funds
19
Unrestricted funds
20		 2025
£
£
1,026,541
15,126
49,561
64,687
(6,321)
58,366
1,084,907
(394,976)
689,931
16,360
673,571
689,931		 2024
£
£
1,024,381
-
46,943
46,943
(5,842)
41,101
1,065,482
(398,613)
666,869
7,500
659,369
666,869

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 24 December 2025

L Isaacs

Trustee

THE EDWARD HAIN CENTRE LTD

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
23
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash (used in)/generated from financing
activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
2024
£
£
£
£
6,226
664,880
(3,224)
(1,024,381)
1,074
364
(2,150)
(1,024,017)
(1,458)
400,070
(1,458)
400,070
2,618
40,933
46,943
6,010
49,561
46,943

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

The Edward Hain Centre Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Edward Hain Centre, Albany Terrace, St. Ives, Cornwall, TR26 2BS.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Government grants are recognised in accordance with the performance model.

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings

IT equipment

Land is not depreciated due to indefinite useful economic life. Builings at 2% straight line - buildings are deemed to have a residual value at least equal to cost so a charge for depreciation had not been applied. Reducing balance - 33%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
76,702
-
Legacies
-
-
Grants
18,500
54,949
95,202
54,949		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
76,702
41,183
695,000
-
10,512
-
73,449
840
20,222
150,151
52,535
715,222		 Total
2024
£
736,183
10,512
21,062
767,757

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

2
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Grants
Cornwall Council - Town
Deal grant
-
29,495
Cornwall Council -
Levelling Up grant
-
15,954
Community Hub Funding
-
9,500
Baltic Exchange
1,000
-
St James Place
2,500
-
Garfield Weston
15,000
-
Other
-
-
18,500
54,949
3
Income from charitable activities
The Edward Hain Centre, St Ives
Rental income
Car parking income
4
Income from other trading activities
Fundraising events		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
(Continued)
29,495
-
-
-
15,954
-
-
-
9,500
-
-
-
1,000
-
-
-
2,500
-
-
-
15,000
-
-
-
-
840
20,222
21,062
73,449
840
20,222
21,062
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
23,560
1,140
5,825
1,230
29,385
2,370
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
10,014
-

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,074 364
6 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Fundraising agents 1,372 200
7 Expenditure on charitable activities
The Edward The Edward
Hain Centre, Hain Centre,
St Ives St Ives
2025 2024
£ £
Direct costs
Depreciation and impairment 1,064 -
Rates and water 1,643 393
Insurance 2,280 2,722
Light and heat 14,405 6,039
Health, safety and security 3,699 640
Repairs and renewals 50,886 17,885
Telphone and broadband 2,038 -
76,015 27,679
Share of support and governance costs (see note 8)
Governance 90,175 81,153
166,190 108,832
Analysis by fund
Unrestricted funds 120,101 96,110
Restricted funds 46,089 12,722
166,190 108,832

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Support costs allocated to activities

Staff costs
Marketing
Office supplies
IT Costs
Subscriptions
Consultancy
Bank charges
Mortgage fees
Mortgage interest
Training
Governance costs
Analysed between:
The Edward Hain Centre, St Ives
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2025
£
52,686
-
1,915
648
162
-
80
-
31,199
923
2,562
90,175
90,175
2025
£
1,200
1,064		 2024
£
21,566
2,795
95
3,670
113
25,317
80
2,000
20,823
-
4,694
81,153
81,153
2024
£
4,200
-

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
3 1

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 (Continued)
2025
2024
£
£
51,160
19,877
332
1,451
1,194
238
52,686
21,566
2025
2024
£
£
32,349
-		 (Continued)
2025
2024
£
£
51,160
19,877
332
1,451
1,194
238
52,686
21,566
2025
2024
£
£
32,349
-
21,566
2024
£
-

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Freehold land
and buildings
IT equipment
£
£
Cost
At 1 April 2024
1,024,381
-
Additions
-
3,224
At 31 March 2025
1,024,381
3,224
Depreciation and impairment
Depreciation charged in the year
-
1,064
At 31 March 2025
-
1,064
Carrying amount
At 31 March 2025
1,024,381
2,160
At 31 March 2024
1,024,381
-		 Total
£
1,024,381
3,224
1,027,605
1,064
1,064
1,026,541
1,024,381

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

14 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 763 -
Other debtors 14,363 -
15,126 -
15 Loans and overdrafts
2025 2024
£ £
Bank loans 398,612 400,070
Payable within one year 3,636 1,457
Payable after one year 394,976 398,613
Amounts included above which fall due after five years:
Payable by instalments (377,208) (382,187)

A mortgage exists with Ecology Building Society which has security in the form of The Edward Hain Hospital, under charge code 1399 3616 0001.

16
Creditors: amounts falling due within one year
Notes
Bank loans
15
Trade creditors
Other creditors
Accruals and deferred income
17
Creditors: amounts falling due after more than one year
Notes
Bank loans
15		 2025
£
3,636
1,188
297
1,200
6,321
2025
£
394,976		 2024
£
1,457
-
185
4,200
5,842
2024
£
398,613

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

18 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 1,194 238

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Cornwall Community
Foundation 7,500 - - - 7,500
Town Deal Grant - 29,495 (29,495) - -
Levelling Up Programme - 15,954 (15,954) - -
Community Hub - 9,500 (640) - 8,860
7,500 54,949 (46,089) - 16,360
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
- 12,722 682,278 (695,000) -
Friends of the Edward Hain
Centre -
Property - 695,000 (695,000) - -
Cornwall Community
Foundation - 7,500 - - 7,500
- 715,222 (12,722) (695,000) 7,500

Cornwall Community Foundation

This fund represents a grant received from the Cornwall Community Foundation for utilities, insurance, health & safety, telephone, office supplies and other fees.

St Ives Town Deal Enterprise Grants Programme

This fund represents a grant received from Cornwall Council for upgrades to the Edward Hain Centre including but not limited to fire alarm replacement, smoke alarm re-wiring, asbestos removal, and fireproof glazing.

Community Levelling Up Programme (CLUP)

This fund represents a grant received from Cornwall Council to create a Community Hub officer to drive community engagement to use the centre, set up community groups, recruit volunteers for the centre, and provide administrative support to all these activities.

Community Hub

This fund represents a grant received from Volunteer Cornwall for funding the Community Hub, Pain café and partnerships with other hubs.

(2024)

Friends of the Edward Hain Centre - Property

This fund represents a donation received from the Friends of the Edward Hain Centre for the purchase of the Edward Hain Hospital and permanent safeguarding, as a health and well-being resource for the people of the St Ives.

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
General funds 659,369 135,675 (121,473) - 673,571
Previous year: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
General funds 5,410 55,269 (96,310) 695,000 659,369
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Tangible assets 1,026,541 - 1,026,541
Current assets/(liabilities) 42,006 16,360 58,366
Long term liabilities (394,976) - (394,976)
673,571 16,360 689,931
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 1,024,381 - 1,024,381
Current assets/(liabilities) 33,601 7,500 41,101
Long term liabilities (398,613) - (398,613)
659,369 7,500 666,869

21 Analysis of net assets between funds

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

22 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Alan Bennetts - Trustee - Donated £120.

Elizabth Veal - Trustee - Reimbursed expenses of £345.08 for office supplies. Keturah Grindstaff - Trustee - Donated £25,125 & reimbursed expenses of £112 for insurance paid.

Comparative year (2024):

Donations totalling £2,020 were received from Trustee's and close family members during the year.

Donations totalling £697,000 were received from the Friends of the Edward Hain Centre (Charity No. 225835) during the year in which they had a trustee in common at that time.

THE EDWARD HAIN CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

23 Cash generated from operations 2025 2024
£ £
Surplus for the year 23,062 661,459
Adjustments for:
Investment income recognised in statement of financial activities (1,074) (364)
Depreciation and impairment of tangible fixed assets 1,064 -
Movements in working capital:
(Increase) in debtors (15,126) -
(Decrease)/increase in creditors (1,700) 3,785
Cash generated from operations 6,226 664,880
24 Analysis of changes in net (debt)/funds
At 1 April 2024 Cash flowsAt 31 March 2025
£ £ £
Cash at bank and in hand 46,943 2,618 49,561
Loans falling due within one year (1,457) (2,179) (3,636)
Loans falling due after more than one year (398,613) 3,637 (394,976)
(353,127) 4,076 (349,051)