|||Pages|
|---|---|---|
|Trustees'
Annual Report||2to 6|
|Independent
Examiner's|Report||
|Statement ofFinancial Activities|||
|Balance Sheet|||
|Notes to the Accounts||10to 21|
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|||||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|
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|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.||||||
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|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|
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||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|