| Pages | |||
|---|---|---|---|
| Trustees' Annual Report |
2 to 7 | ||
| Independent Examiner's |
Report | ||
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Notes to the Accounts | 11 to | 21 |
| for the year ended 31March 2021 | for the year ended 31March 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Notes | ||||||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 11,192 | 11,192 | 2,710 | ||
| Charitable | activities | 242,989 | 44,279 | 287,268 | 267,056 | |
| Investments | 17 | 17 | 12 | |||
| Other | 5,846 | 5,846 | 4,216 | |||
| Total | 260,044 | 44,279 | 304,323 | 273,994 | ||
| Expenditure | on: | |||||
| Charitable | activities | 223,051 | 9,768 | 232,819 | 248,627 | |
| Total | 223,051 | 9,768 | 232,819 | 248,627 | ||
| Net gains on | investments | |||||
| Net income | 36,993 | 34,511 | 71,504 | 25,367 | ||
| Transfers between | funds | 63,059 | (63,059) | |||
| Net income gains/(losses) |
before | other | 100,052 | (28,548) | 71,504 | 25,367 |
| Other gains | and losses: | |||||
| Net movement in |
funds | 100,052 | (28,548) | 71,504 | 25,367 | |
| Reconciliation offunds: |
||||||
| Total funds brought forward |
238,741 | 148,153 | 386,894 | 361,527 | ||
| Total funds forward |
carried | 338,793 | 119,605 | 458,398 | 386,894 |
| at | 31March 2021 | |||
|---|---|---|---|---|
| Company No. |
Notes | 2021 | 2020 | |
| Fixed assets | ||||
| Tangible assets | 11 | 157,338 | 122,342 | |
| Investments | 12 | 6,529 | ||
| 163,867 | 122,342 | |||
| Current assets |
||||
| Debtors | 13 | 14,829 | 7,158 | |
| Cash at bank and | in hand | 291,004 | 262,974 | |
| 305,833 | 270,132 | |||
| Creditors: Amount | falling due within one year | 14 | (11,302) | (5,580) |
| Net current assets | 294,531 | 264,552 | ||
| Total assets less current liabilities | 458,398 | 386,894 | ||
| Net assets excluding | pension asset or liability | 458,398 | 386,894 | |
| Total net assets | 458,398 | 386 894 | ||
| The funds ofthe charity | ||||
| Restricted funds | 15 | |||
| Restricted income | funds | 119,605 | 148,153 | |
| 119,605 | 148,153 | |||
| Unrestricted funds |
15 | |||
| General funds |
294,574 | 207,544 | ||
| Designated funds |
44,219 | 31,197 | ||
| 338,793 | 238,741 | |||
| Reserves | 15 | |||
| Total funds | 458,398 | 386,894 |
| The Dreadnought Centre NOTES TO THE ACCOUNTS |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||
| Recognition | Income is included in the Statement ofFinancial Activities (SoFA) |
when the | |||||||
| ofincome | charity becomes entitled to, and virtually certain to receive, |
the income and | the | ||||||
| amount ofthe income can be measured with sufficient reliability. |
|||||||||
| Income with | Where income has related expenditure the income and related |
expenditure | is | ||||||
| related | reported gross in the SoFA. | ||||||||
| expenditure | |||||||||
| Donations | Voluntary income received by way ofgrants, donations |
and | gifts is | included | in | ||||
| and legacies | the the SoFA when receivable and only when the Charity has |
unconditional | |||||||
| entitlement to the income. |
|||||||||
| Tax reclaims | Income from tax reclaims is included in the SoFA at the same |
time | as | the | |||||
| on donations | gift/donation to which it relates. |
||||||||
| and gifts | |||||||||
| Donated | These are only included in income (with an equivalent amount |
in expenditure) | |||||||
| services and | where the benefit to the Charity is reasonably quantifiable, measurable |
and | |||||||
| facilities | material. | ||||||||
| Volunteer | The value ofany volunteer help received is not included |
in the accounts. | |||||||
| help | |||||||||
| Investment | This is included in the accounts when receivable. |
||||||||
| income | |||||||||
| This includes any gain or loss resulting from revaluing |
investments | to | market | ||||||
| Gains/(losses) | value at the end ofthe year. | ||||||||
| on revaluation | |||||||||
| offixed assets | |||||||||
| Gains/(losses) | This includes any gain or loss on the sale ofinvestments. |
||||||||
| on investment | |||||||||
| assets | |||||||||
| Expenditure | |||||||||
| Recognition | Expenditure is recognised on an accruals basis. Expenditure |
includes | any VAT | ||||||
| of | which cannot be fully recovered, and is reported as part |
ofthe | expenditure | to | |||||
| expenditure | which it relates. | ||||||||
| Expenditure | These comprise the costs associated with attracting voluntary |
income, | fundraising | ||||||
| on raising | trading costs and investment management costs. |
||||||||
| funds | |||||||||
| Expenditure | These comprise the costs incurred by the Charity in the |
delivery of | its | activities | |||||
| on charitable | and services in the furtherance ofits objects, including |
the making | of | grants | and | ||||
| activities | governance costs. |
||||||||
| Grants | All grant expenditure is accounted for on an actual paid |
basis | plus an | accrual | for | ||||
| payable | grants that have been approved by the trustees at the end of |
the year but not yet | |||||||
| paid. | |||||||||
| Governance | These include those costs associated with meeting the constitutional | and statutory | |||||||
| costs | requirements ofthe Charity, including any audit/independent examination fees, costs linked to the strategic management ofthe Charity, together with a share of |
||||||||
| other administration costs. |
|||||||||
| Other | These are support costs not allocated to aparticular activity. |
||||||||
| expenditure |
| 3 Statement |
ofFinancial | Activities -prior | year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2020 | 2020 | 2020 | |||
| Income and endowments | |||||
| from: | |||||
| Donations | and legacies | 2,710 | 2,710 | ||
| Charitable | activities | 107,391 | 159,665 | 267,056 | |
| Investments | 12 | 12 | |||
| Other | 4,216 | 4,216 | |||
| Total | 114,329 | 159,665 | 273,994 | ||
| Expenditure | on: | ||||
| Charitable | activities | 108,931 | 139,696 | 248,627 | |
| Total | 108,931 | 139,696 | 248,627 | ||
| Net income | 5,398 | 19,969 | 25,367 | ||
| Net income before other gains/(losses) |
5,398 | 19,969 | 25,367 | ||
| Other gains and losses: | |||||
| Net movement | in funds | 5,398 | 19,969 | 25,367 | |
| Reconciliation | offunds: | ||||
| Total funds brought | |||||
| forward | 233,343 | 128,184 | |||
| Total funds carried forward |
238,741 | 148,153 | 386,894 | ||
| Income from donations | and | ||||
| 4 legacies |
|||||
| Unrestricted | Total | Total | |||
| 2021 | 2020 | ||||
| Donations | from | ||||
| companies, | trusts and | 8,453 | 8,453 | 2,188 | |
| similar proceeds | |||||
| Donations | from | 2,619 | 2,619 | 522 | |
| Individuals | |||||
| Gift aid | 120 | 120 | |||
| 11,192 | 11,192 | 2,710 |
| 5 | Income from char | itable activities |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| 2021 | 2020 | |||||
| Grant | ||||||
| Income: | ||||||
| Aspires | 140,505 | |||||
| The Three Guineas Trust |
10,000 | 10,000 | 10,000 | |||
| True Colours | 6,660 | |||||
| Cornwal1 Community Foundation |
1,949 | 1,949 | ||||
| Comwall Council |
10,000 | 10,000 | ||||
| Small grants under (Sensory garden) |
25k | 2,330 | 2,330 | 2,500 | ||
| Coronavirus Job |
2,531 | 2,531 | ||||
| Retention Scheme |
||||||
| Awards for All |
10,000 | 10,000 | ||||
| Clothworkers | 20,000 | 20,000 | ||||
| Primary Purpose Trading - Working |
with Children: | |||||
| Schools | 57,692 | 57,692 | 84,240 | |||
| Individuals | 17,526 | 17,526 | 6,958 | |||
| Other Organisations | 950 | 950 | 1,674 | |||
| Local Authority | 3,570 | 3,570 | 14,519 | |||
| Aspires project income: | ||||||
| Aspires - local authority |
143,000 | 143,000 | ||||
| Aspires - term fees | 2,720 | 2,720 | ||||
| Other charitable | income: | |||||
| Building Futures Award |
5,000 | 5,000 | ||||
| 242,989 | 44,279 | 287,268 | 267,056 | |||
| 6 | Income from investments | |||||
| Unrestricted | Total | Total | ||||
| 2021 | 2020 | |||||
| Interest receivable | on | 17 | 17 | 12 | ||
| bank deposits | ||||||
| 17 | 17 | 12 |
| 7 | Other income | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| 2021 | 2020 | |||||
| Solar power income | 5,846 | 5,846 | 4,198 | |||
| Room Hire | 18 | |||||
| 5,846 | 5,846 | 4,216 | ||||
| Expenditure on charitable |
||||||
| 8 | activities | |||||
| Unrestricted | Restricted | Total | Total | |||
| 2021 | 2020 | |||||
| Direct expenditure | on | |||||
| charitable activities |
||||||
| Activity costs | 739 | 5,215 | 5,954 | 7,750 | ||
| Volunteer costs | 211 | 211 | 1,224 | |||
| Supervision | 360 | 360 | ||||
| Support Costs | ||||||
| Wages | 188,927 | 2,520 | 191,447 | 192,644 | ||
| StaffNIC (Employers) | 10,819 | 10,819 | 11,556 | |||
| Pensions | 3,714 | 3,714 | 3,548 | |||
| Staffnaining | 459 | |||||
| Travel and subsistence | 1,780 | 89 | 1,869 | 9,422 | ||
| Establishment costs |
7,972 | 7,972 | 7,097 | |||
| Repairs &renewals | 680 | 19 | 699 | 1,130 | ||
| Telephone and fax |
2,615 | 2,615 | 1,903 | |||
| IT expenses | (33) | 1,406 | 1,373 | 811 | ||
| Staff supervision | 2,401 | |||||
| Printing, postage and stationary |
1,896 | 10 | 1,906 | 1,489 | ||
| Subscriptions | 205 | |||||
| Equipment Hire |
1,802 | |||||
| sundry expenses | 415 | 415 | 229 | |||
| Cleaning | 165 | 165 | 405 | |||
| Specific Bad Debts written off |
235 | |||||
| Bank charges | 104 | 9 | 113 | (111) | ||
| Depreciation | 1,712 | 500 | 2,212 | 2,092 | ||
| Governance costs |
||||||
| Accountancy fees |
1,361 | |||||
| Independent | ||||||
| examination ofthe | 975 | 975 | 975 | |||
| charity's accounts |
||||||
| 223,051 | 9,768 | 232,819 | 248,627 |
| 9 | Net income | before tra | nsfers | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| This is stated | after charging: | ||||
| Depreciation | ofowned | fixed assets | 2,212 | 2,092 | |
| Independent | Examiner's | fee | 975 | 975 | |
| 10 | Staff costs | ||||
| Salaries and | wages | 191,447 | 192,644 | ||
| Social security costs | 10,819 | 11,556 | |||
| Pension costs | 3,714 | 3,548 | |||
| 205,980 | 207,748 |
| Salaries and wages Social security costs Pension costs No employee received |
191,447 10,819 3,714 205,980 emoluments in excess of860,000. |
191,447 10,819 3,714 205,980 emoluments in excess of860,000. |
191,447 10,819 3,714 205,980 emoluments in excess of860,000. |
191,447 10,819 3,714 205,980 emoluments in excess of860,000. |
191,447 10,819 3,714 205,980 emoluments in excess of860,000. |
191,447 10,819 3,714 205,980 emoluments in excess of860,000. |
192,644 11,556 3,548 207,748 |
|---|---|---|---|---|---|---|---|
| The key management | personnel ofthe charity comprises ofthe senior management | ||||||
| team who are the CEO, | Work Practice Manager and Group Development |
||||||
| Co-ordinator. | |||||||
| Total einployee benefits management personnel |
received by key | 104,470 | 102,712 | ||||
| The average monthly | number ofemployees | during | |||||
| the year was as follows: | |||||||
| 2021 | 2020 | ||||||
| Number | Number | ||||||
| Full time staff | 5 | 5 | |||||
| Part time staff | 3 | 5 | |||||
| 10 | |||||||
| Tangible lixed assets | |||||||
| Land and buildings |
Property Improveme nts |
Solar Panels | Computers, tools, equipment &furniture |
Total | |||
| Cost or revaluation | |||||||
| At I April 2020 | 95,421 | 12,810 | 28,000 | 65,696 | 201,927 | ||
| Additions | 36,988 | 220 | 37,208 | ||||
| At 31 March 2021 | 95,421 | 49,798 | 28,000 | 65,916 | 239,135 | ||
| Depreciation and |
|||||||
| impairment | |||||||
| At 1 April 2020 |
1,923 | 12,600 | 65,062 | 79,585 | |||
| Depreciation charge for the year |
641 | 1,400 | 171 | 2,212 | |||
| At 31 March 2021 | 2,564 | 14,000 | 65,233 | 81,797 | |||
| Net book values | |||||||
| At 31March 2021 | 95,421 | 47,234 | 14,000 | 683 | 157,338 | ||
| At 31 March 2020 | 95,421 | 10,887 | 15,400 | 634 | 122,342 |
| 12 | Investments | |||||
|---|---|---|---|---|---|---|
| Other | ||||||
| investments | ||||||
| -Listed | Total | |||||
| Cost or revaluation | ||||||
| Additions | 7,605 | 7,605 | ||||
| Disposals | (1,076) | (1,076) | ||||
| At 31 March | 2021 | 6,629 | 6629 | |||
| Net book values | ||||||
| At 31 March | 2021 | 6 629 | 6629 | |||
| 13 | Debtors | |||||
| 2021 | 2020 | |||||
| f. | ||||||
| Trade debtors | 8,943 | 3,533 | ||||
| Other debtors | 256 | |||||
| Prepayments | and accrued | income | 5,886 | 3,369 | ||
| 14,829 | 7,158 | |||||
| 14 | Creditors: | |||||
| amounts falling due within |
one year | |||||
| 2021 | 2020 | |||||
| Trade creditors | 10,327 | 1,908 | ||||
| Other taxes and social security | 2,697 | |||||
| Accruals and | deferred income | 975 | 975 | |||
| 11,302 | 5,580 |
| Movement in fun |
ds | |||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| tI AprII | resources (including other gains/losses) |
Resources expended |
Gross transfers |
At 31 March 2021 |
||
| Restricted funds: | ||||||
| Restricted income | ||||||
| funds: | ||||||
| Aspires | 63,059 | (63,059) | ||||
| The Three Guineas | ||||||
| Trust | 10,000 | (7,799) | 2,201 | |||
| True Colours | 6,660 | 6,660 | ||||
| Comwall Community |
||||||
| Foundation | 1,949 | (1,406) | 543 | |||
| Restricted income relating | to capital | projects: | ||||
| Sensory garden | 2,500 | 32,330 | (63) | 34,767 | ||
| Capital Restricted | ||||||
| Funding | 67,434 | 67,434 | ||||
| Awards for all 2019 | 8,500 | (500) | 8,000 | |||
| Total | 148,153 | 44,279 | (9,768) | (63,059) | 119,605 | |
| Unrestricted funds: |
||||||
| General funds | 207,544 | 114,324 | (100,634) | 73,340 | 294,574 | |
| Designated funds: |
||||||
| Building, maintenance |
||||||
| and development | fund | 31,197 | 31,197 | |||
| Aspires 2017-2022 | 145,720 | (122,417) | (10,281) | 13,022 | ||
| Total | 31,197 | 145,720 | (122,417) | (10,281) | 44,219 | |
| Revaluation | ||||||
| Reserves: | ||||||
| Total funds | 386,894 | 304,323 | (232,819) | 458,398 |
| requirements. Analysis ofnet assets between funds |
|||
|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | |
| Fixed assets | 47,137 | 110,201 | 157,338 |
| Investments | 6,529 | 6,529 | |
| Net current assets | 285,127 | 9,404 | 294,531 |
| 338,793 | 119,605 | 458,398 |