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|||Pages||
|---|---|---|---|
|Trustees'
Annual
Report||2 to 7||
|Independent
Examiner's|Report|||
|Statement ofFinancial Activities||||
|Balance Sheet|||10|
|Notes to the Accounts||11 to|21|
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||||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|
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||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|
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||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||||||||||
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|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|
##
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|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|
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|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|
##
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|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|
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|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|