| Pages | ||
|---|---|---|
| Trustees' Annual Report |
2to 6 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial Activities | ||
| Balance Sheet | ||
| Notes to the Accounts | 10to 21 |
| for the year ended 31March | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestrict | Restricted | Total | Total | ||||
| ed funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| Notes | |||||||
| Income and | endowments | ||||||
| from: | |||||||
| Donations | and legacies | 1,046 | 4,412 | 5,458 | 2,474 | ||
| Charitable | activities | 159,180 | 285,121 | 444,301 | 436,609 | ||
| Investments | 1,379 | 1,379 | 17 | ||||
| Other | 5,880 | 5,880 | 3,895 | ||||
| Total | 167,485 | 289,533 | 457,018 | 442,995 | |||
| Expenditure | on: | ||||||
| Charitable | activities | 121,054 | 235,414 | 356,468 | 295,495 | ||
| Total | 121,054 | 235,414 | 356,468 | 295,495 | |||
| Net gains on | investments | 668 | 668 | 405 | |||
| Net income | 47,099 | 54,119 | 101,218 | 147,905 | |||
| Transfers between | funds | 49,495 | (49,495) | ||||
| Net income | before | other | 96,594 | 4,624 | 101,218 | 147,905 | |
| gains/(losses) | |||||||
| Other gains | and losses: | ||||||
| Net movement in |
funds | 96,594 | 4,624 | 101,218 | 147,905 | ||
| Reconciliation offunds: |
|||||||
| Total funds forward |
brought | 531,505 | 74,800 | 606,305 | 458,400 | ||
| Total funds forward |
carried | 628,099 | 79,424 | 707,523 | 606,305 |
| at | 31March 2023 | ||||
|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||
| Fixed assets | |||||
| Tangible assets |
11 | 190,266 | 156,501 | ||
| Investments | 12 | 5,495 | 5,678 | ||
| 195,761 | 162,179 | ||||
| Current assets |
|||||
| Debtors | 13 | 27,463 | 20,100 | ||
| Cash at bank and | in hand | 493,948 | 434,500 | ||
| 521,411 | 454,600 | ||||
| Creditors: Amount | falling due within one year | 14 | (9,649) | (10,474) | |
| Net current assets |
511,762 | 444,126 | |||
| Total assets less current liabilities | 707,523 | 606,305 | |||
| Net assets excluding | pension asset or liability | 707,523 | 606,305 | ||
| Total net assets | 707,523 | 606,305 | |||
| The funds ofthe charity | |||||
| Restricted funds | 15 | ||||
| Restricted income | funds | 79,424 | 74,800 | ||
| 79,424 | 74,800 | ||||
| Unrestricted funds |
15 | ||||
| General funds | 437,460 | 343,402 | |||
| Designated funds |
190,266 | 187,698 | |||
| 627,726 | 531,100 | ||||
| Reserves | 15 | ||||
| Revaluation reserve |
373 | 405 | |||
| 373 | 405 | ||||
| Total funds | 707,523 | 606,305 |
| Fund acco | unting | |||||
|---|---|---|---|---|---|---|
| Unrestricted | These are available for use at the discretion ofthe trustees | in furtherance | ofthe | |||
| funds | general | objects ofthe charity. | ||||
| Designated | funds | These | are unrestricted funds earmarked by the trustees for |
particular purposes. |
||
| Revaluation | These | are unrestricted fimds which include a revaluation |
reserve representing | |||
| funds | the restatement ofinvestment assets at their market values. |
|||||
| Restricted | funds | These | are available for use subject to restrictions imposed |
by the donor | or | |
| through | terms ofan appeal, |
| The Dreadnought Centre NOTES TO THE ACCOUNTS |
|||||||
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Recognition income |
of | Income is included in the Statement ofFinancial Activities (SoFA) when the charity becomes entitled to, and virtually ceitain 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 and |
Voluntary income received by way ofgrants, donations and gifts is |
included | in | ||||
| legacies | the the SoFA when receivable and only when the Charity has |
unconditional | |||||
| entitlement to the income. |
|||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFA at the same |
time | as the | |||
| donations and |
gift/donation to which itrelates. |
||||||
| gifts | |||||||
| Donated services | These are only included in income (with an equivalent amount |
in expenditure) | |||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable |
and | |||||
| material. | |||||||
| Volunteer help |
The value ofany volunteer help received is not included in the accounts. |
||||||
| Investment | This is included in the accounts when receivable. |
||||||
| income | |||||||
| Gains/(losses) | on | This includes any gain or loss resulting froin revaluing investments |
to market | ||||
| revaluation of |
value at the end ofthe year. | ||||||
| fixed assets | |||||||
| Gains/(losses) | on | This includes any gain or loss on the sale ofinvestments. |
|||||
| investment assets |
|||||||
| Expenditure | |||||||
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure includes |
any VAT | ||||
| expenditure | which cannot be fully recovered, and is reported as part ofthe |
expenditure | to | ||||
| which it relates. | |||||||
| Expenditure | on | These comprise the costs associated with attracting voluntary |
income, | ||||
| raising funds | fundraising trading costs and investment management costs, |
||||||
| Expenditure | on | These comprise the costs incurred by the Charity in the delivery ofits |
|||||
| charitable | activities and services in the furtherance ofits objects, including the |
making | of | ||||
| activities | grants and governance costs. |
||||||
| Grants payable | All grant expenditure is accounted for on an actual paid basis plus an |
accrual | |||||
| for grants that have been approved by the trustees at the end ofthe year but |
not | ||||||
| yet paid. | |||||||
| Governance | costs | These include those costs associated with meeting the constitutional |
and | ||||
| statutory requirements ofthe Charity, including any audit/independent |
|||||||
| examination fees, costs linked to the strategic management of |
the Charity, | ||||||
| together with a share ofother administration costs. |
|||||||
| Other expenditure | These are support costs not allocated to a particular activity. |
| 3 Statement |
ofFi | nancial Activities -pr | ior year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| Income and | |||||
| endowments | from: | ||||
| Donations legacies Charitable |
and activities |
2,476 128,288 |
308,321 | 2,476 436,609 |
|
| Investments | 17 | 17 | |||
| Other | 3,895 | 3,895 | |||
| Total | 134,676 | 308,321 | 442,997 | ||
| Expenditure | on: | ||||
| Charitable | activities | 61,632 | 233 863 | 295 495 | |
| Total | 61,632 | 233,863 | 295,495 | ||
| Net gains on investments |
405 | 405 | |||
| Net income | 73,449 | 74,458 | 147,907 | ||
| Transfers between | funds | 132,285 | (132,285) | ||
| Net income before other gains/(losses) |
205,734 | (57,827) | 147,907 | ||
| Other gains | and losses: | ||||
| Net movement in |
funds | 205,734 | (57,827) | 147,907 | |
| Reconciliation of |
|||||
| funds: | |||||
| Total funds brought forward |
325,771 | 132627 | 458,398 | ||
| Total funds forward |
carried | 531,505 | 74,800 | 606,305 |
| legacies | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| 2023 | 2022 | ||||
| Donations | from | ||||
| companies, and similar |
trusts | 245 | 3,412 | 3,657 | 2,379 |
| organisations | |||||
| Donations Individuals |
from | 641 | 641 | ||
| Gift aid | 160 | 160 | 95 | ||
| Donated goods and services |
1,000 | 1,000 | |||
| 1,046 | 4,412 | 5,458 | 2,474 |
| Income | from charitable | |||||
|---|---|---|---|---|---|---|
| 5 | activities | |||||
| Unrestricted | Restricted | Total | Total | |||
| 2023 | 2022 | |||||
| Grant Inconte | ||||||
| The Three Guineas Trust |
10,000 | 10,000 | 12,000 | |||
| Cornwall | ||||||
| Community | 7,086 | |||||
| Foundation | ||||||
| Screwfix | Foundation | 5,000 | 5,000 | |||
| Prima&y | Purpose | |||||
| Trading | ||||||
| Schools | 99,057 | 99,057 | 89,858 | |||
| Individuals | 16,473 | 16,473 | 23,760 | |||
| Other Organisations | 7,680 | 7,680 | 8,820 | |||
| Local Authority | 17,265 | 17,265 | 5,850 | |||
| Summer | activities | 1,085 | 1,085 | 730 | ||
| Aspires | —Local | 143,000 | 143,000 | 143,000 | ||
| authority | ||||||
| Aspires | - term fees | 6,872 | 6,872 | 5,254 | ||
| I&ernow | Connect | 120,249 | 120,249 | 140,251 | ||
| Parent Carer Council | 17,490 | 17,490 | ||||
| Other income from | 130 | 130 | ||||
| charitable activities |
||||||
| 159,180 | 285,121 | 444,301 | 436,609 | |||
| 6 | Income | from investments | ||||
| Unrestricted | Total | Total | ||||
| 2023 | 2022 | |||||
| Interest | receivable | 1,379 | 1,379 | 17 | ||
| on bank | deposits | |||||
| 1,379 | 1,379 | 17 | ||||
| 7 | Other income | |||||
| Unrestricted | Total | Total | ||||
| 2023 | 2022 | |||||
| Solar power income | 5,880 | 5,880 | 3,895 | |||
| 5,880 | 5,880 | 3,895 |
| 8 | Expenditure activities |
on charitable | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| 2023 | 2022 | |||||
| Direct expenditure | ||||||
| on charitable | ||||||
| activities | ||||||
| Activity costs | 1,472 | 8,847 | 10,319 | 9,914 | ||
| Volunteer costs |
32 | 797 | 829 | 866 | ||
| Supervision | 290 | |||||
| SLIpport Costs | ||||||
| Wages | 90,597 | 186,848 | 277,445 | 221,582 | ||
| StaffNIC | ||||||
| (Employers) | 3,751 | 12,015 | 15,766 | 12,684 | ||
| Pensions | 1,305 | 4,005 | 5,310 | 9,269 | ||
| Staff training | 1,405 | 751 | 2,156 | 756 | ||
| Staffwelfare | 55 | 55 | ||||
| Travel and | ||||||
| subsistence | 5,231 | 7,368 | 12,599 | 10,049 | ||
| Rent 8r, rates | 1,056 | 1,056 | ||||
| Light, heat and power |
127 | 3,600 | 3,727 | 3,535 | ||
| Insurance | 1,362 | 3,445 | 4,807 | 4,160 | ||
| Repairs 4 renewals | 2,746 | 3,340 | 6,086 | 5,648 | ||
| Telephone and fax |
2,377 | 120 | 2,497 | 2,839 | ||
| ITexpenses | 960 | 960 | 1,930 | |||
| Printing, postage and stationary |
1,656 | 3,115 | 4,771 | 3,991 | ||
| Subscriptions | 195 | 195 | ||||
| sundry expenses |
577 | 106 | 683 | 1,820 | ||
| Cleaning | 917 | 2 | 918 | 1,000 | ||
| Specific Bad written off |
Debts | 400 | 400 | |||
| Bank charges | 90 | 90 | 126 | |||
| Depreciation | 4,824 | 4,824 | 4,061 | |||
| Governance | costs | |||||
| Independent | ||||||
| examination | ofthe | 975 | 975 | 975 | ||
| charity's accounts |
||||||
| 121,054 | 235,414 | 356,468 | 295,495 | |||
| 9 | Net income before transfers | |||||
| 2023 | 2022 | |||||
| This is stated | after charging: | |||||
| Depreciation | ofowned fixed | |||||
| assets | 4,824 | 4,061 |
| 10 | Staff costs | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Salaries and wages | 277,445 | 221,582 | |||||||
| Social security costs | 15,766 | 12,684 | |||||||
| Pension costs | 5,310 | 9,269 | |||||||
| 298,521 | 243,535 | ||||||||
| No employee received | emoluments | in excess off60,000. | |||||||
| The key management | personnel of | the charity comprises | ofthe senior management | ||||||
| team who are the CEO, Work Practice Manager | and Group Development | ||||||||
| Co-ordinator. | |||||||||
| Total employee benefits received by key |
114,252 | 106,299 | |||||||
| management personnel |
|||||||||
| The average monthly | number offull time | equivalent | |||||||
| employees during the |
year was as follows: | ||||||||
| 2023 | 2022 | ||||||||
| Number | Number | ||||||||
| Full time staff | 5 | 5 | |||||||
| Part time staff | 6 | 5 | |||||||
| Sessional staff | 12 | 10 | |||||||
| 23 | 20 | ||||||||
| Tangible fixed | |||||||||
| 11 | assets | ||||||||
| Computers, | |||||||||
| Land and buildings |
Property Improvements |
Solar Panels | tools, equipment |
Total | |||||
| A furniture | |||||||||
| Cost or revaluation | |||||||||
| At 1 April 2022 | 95,421 | 49,798 | 28,000 | 69,140 | 242,359 | ||||
| Additions | 37,517 | 1,072 | 38,589 | ||||||
| At 31March 2023 | 95,421 | 87,315 | 28,000 | 70,212 | 280,948 | ||||
| Depreciation and |
|||||||||
| impairment | |||||||||
| At 1 April 2022 | 5,054 | 15,400 | 65,404 | 85,858 | |||||
| Depreciation charge for the year |
2,490 | 1,400 | 934 | 4,824 | |||||
| At 31March 2023 | 7,544 | 16,800 | 66,338 | 90,682 | |||||
| Net book values | |||||||||
| At 31 March 2023 | 95,421 | 79,771 | 11,200 | 3,874 | 190,266 | ||||
| At 31 March 2022 | 95,421 | 44,744 | 12,600 | 3,736 | 156,501 |
| 12 | Investments | |||||
|---|---|---|---|---|---|---|
| Other | ||||||
| investments | ||||||
| -Listed | Total | |||||
| Cost or revaluation | ||||||
| At 1 April 2022 | 5,678 | 5,678 | ||||
| Disposals | (852) | (852) | ||||
| At 31March | 2023 | 4 826 | 4,826 | |||
| Provisions and |
||||||
| impairment | ||||||
| Impairment At 31March |
2023 | (669) 669 |
(669) ~669 |
|||
| Net book values | ||||||
| At 31March | 2023 | 5,495 | 5,495 | |||
| At 31March | 2022 | 5,678 | 5,678 | |||
| 13 | Debtors | |||||
| 2023 | 2022 | |||||
| Trade debtors | 21,613 | 15,825 | ||||
| Prepayments | and accrued | income | 5,850 | 4,275 | ||
| 27,463 | 20,100 | |||||
| 14 | Creditors: | |||||
| amounts falling due within |
one | |||||
| year | ||||||
| 2023 | 2022 | |||||
| Trade creditors | 8,674 | 9,499 | ||||
| Accruals and | deferred income | 975 | 975 | |||
| 9,649 | 10,474 |
| Incoming | ||||||
|---|---|---|---|---|---|---|
| At 1April 2022 |
resources (including other gains/losses) |
Resources expended |
Gross transfers |
At 31 March 2023 |
||
| Restricted funds: | ||||||
| Restricted income | ||||||
| funds: | ||||||
| Aspires | 31,366 | 149,872 | (138,559) | (31,366) | 11,313 | |
| The Three Guineas | ||||||
| Trust | 7,977 | 10,000 | (9,670) | (5,397) | 2,910 | |
| Time Colours | 6,660 | (6,660) | ||||
| Cornwall | ||||||
| Conununity | ||||||
| Foundation | 4,686 | (4,686) | ||||
| Know Connect | 24,111 | 120,249 | (79,159) | 65,201 | ||
| The Screwfix | ||||||
| Foundation | 5,000 | (5,000) | ||||
| Bolingey Barbarians | 4,412 | (3,340) | (1,072) | |||
| Total | 74,800 | 289,533 | (235,414) | (49,495) | 79,424 | |
| Unrestricted | funds: | |||||
| General funds | 343,402 | 168,185 | (116,230) | 42,103 | 437,460 | |
| Designated | funds: | |||||
| Building, | ||||||
| maintenance | and | |||||
| development | fund | 31,197 | (31,197) | |||
| Capital designated | ||||||
| fund | 156,501 | (4,824) | 38,589 | 190,266 | ||
| Total | 187,698 | (4,824) | 7,392 | 190,266 | ||
| Revaluation | ||||||
| Reserves: | ||||||
| Revaluation | fund | 405 | (32) | 373 | ||
| Total revaluation | ||||||
| reserves | 405 | (32 | 373 | |||
| Total funds | 606,305 | 457,686 | (356,468) | 707,523 |
| Analysis ofnet assets between funds |
|||
|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | |
| f. | |||
| Fixed assets | 190,266 | 190,266 | |
| Investments | 5,495 | 5,495 | |
| Net current assets | 432,338 | 79,424 | 511,762 |
| 628,099 | 79,424 | 707,523 |