Charity reElstratlon number 270486
THE DREADNOUGHT CEwfRE
ANNUAL AEPORT AND UNAUDITED FINANCIAL STATEMENTS
FOA THE VEAR ENDED 31 MARCH 2025

THE DREADNQUGHT CENTRE
LEGAL AND ADMINisfRATIVE INFORMATION
Trustees
MrslPTov
Mrs C W3lker-Booth
Mr J B Edwards
IAppointed 21 November
20251
Senlor management
Sara-jane Perrins
Chief Executive Officer
Charlty number
270486
Prln¢ipal address
Carn 8rea Lane
Pool
REDRUTH
Cornwall
England
TRIS 3DS
Independènt examiner
TC Group
Vivian House
Newham Road
Truro
Cornwall
United Kingdom
TRI 2DP

THE DREADNOUGHT CENTRE
CONTENTS
Page
Tru5tees' repc*rt
Independertt examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
10-24

THE DREADNOVfjHT CENTRE
TRU￿EEs, REPORT
FOR ThE YEAR ENDED 31 MARCH2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial st3tement5 have been prepared in accordance with the accounting policies set out in note I to the
financial statements and comply with the charity's 8overning document, the Charities Act 2011 and "Accounting
and Reporting by Charitie5'. 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 IFRS 1021
lelfective l January 20191.
Obloctlves and a¢tlvFtSes
The Charitable aims and objectives of The Dre3dnou8ht Centre are in the interests of Social wellare to provide or
assist in the provision ol educational, recreational or other leisure time lacilities for the beneficiaries and with the
object of improving thelr conditions of life and their physical, mental and moral improvement.
The Dreadnought Centre, has worked for 49 years with childre17, young people and their famllie5 in Cornwall, who
are experiencing difticultie5 in their lives- be It emotion81, behavioural or physical. Looking behind behaviour and
providing support to explore and recognise feelings and emotions. Empowering children and yOLSng people to
butld resilience and Increa5@ emotional IntelliEence. Providing posltive adult role models for young people and
enabling thern to make declsions for themselves.
Dreadnought's philosophy is based on Person Centred Theory- PCT (Rogers 19511. Children and young people are
provided with an opportunity tts develop a sense of self wherein they can realise how their attitudes, feelings and
behaviour are being negatively affected and find their true positive Potential. Workers create a Safe, non-
judgmental environment by demonstrating congruence, empathy and unconditional positive regard with a non-
directive approath, empowering young people to mèke informed decisions. Since the 1960,5 there have been over
200 controlled research studies of the ellicacy of PCT- concluding that pcr enables change (Example., Ellioit Èt 31
'Research on hvmanistic-experiential psychotherapies, 20111.
Publi¢ benefit
The trustees have paid due regard to guidance issued by the Charity Commission in decidlng what activities the
charity Should undertake.
Dreadnought Is a referral-only organisation with each child or young peT50n having a need identlfled by a
professional or concerned adult in their life. Dreadnought uses a variety of cieative arts, sports and fun activities
to engage young people and Dffer5 one to one and group session5 Wlth a programme of work focused on the
identified need. It is oijr aim for yotJnÈ people to develop Skills whi15t having fun and engaging in a positive activity
with positive adult role models and peers in a confidential, safe space where young people feel hèard and are
accepted unconditionally.
One to one and group support Is offered at our Centre in Pool, Redruth and on an outreach basis across Cornwall.
Taking the service to children, where possible, in their local environment.
The detasls of all of the pro8rammes of work Dreadnought Is able to offer can be found on our website
www.thedreadnought.co.uk . Dreadnought is able to offer sessions tailored to individual need5, please contact the
Centre to discuss Individual needs tearn@thedreadnought.co.uk or on 01209 218764.

THE DREADNOUGHT CENTRE
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED31 MARCH 2025
Volunteers
Dreadnought's staff are also involved in the recruiting and tralnlng of Volunteers who intend to work with children
and young people, 311 ol whom undergo enhanced checks through the Disclosure and Barring Service. They have
contact with external organisations, in particular schools, colleges, Children's Social Work and Psychology Services,
CAMH'S and C&OIS NHS. Dreadnought hosts placements for students studying Counselling at level 4 and/or 5, or a
Social Work degree. Students on placement receive Clinical Counselling Supervision free of char6e as part of their
placement. with a registered Counselling Supervisor.
hievements and performance
Significant octivities ond uchsevernents ogolnsr objectives
Now in its 49th year, Dreadnought remains an importsnt resource for children and youn8 people across Cornwall.
2024 125 has been a year of consolid3tion for the Charity with a positive le£acy from the pandemic being the
skills developed to offer a blended service of online delivery In appropriate circumstances.
'Kernow Connect, in partnership wlth Action for Children. was launched in April 2021. This Service continued to
provide specialist l-l support for young people a8ed li+ who ère experiencing significant impairment to their
ability to functitsn., tsften school refusing Ènd experiencing significant mental health challenges. This is a referral-
onty service delivered across the County. The demand for this service has been conslstently high, with strict
criteria and limited èvailability. Over the past year we have maximised capacity of the service delivery by
continuing to employ three qualified counsellof5 to focus specsfscally on Kernow Connect referrals. However it was
announced earlier In the year that Cornwall Council were no longer going to financially support this Project to its
current capacity. From April 2025 this service will be reduced by 60% for a delivery period of 12 months only,. sadly
resulting in the redundancy of the thre? employed Counsellors under this contract.
Dreadnought's Aspires project delivers a service to young people aged 7- 19 years wlth a diagnosis of an Autism
Spectrurn Condition. The Dre3dnou8ht Centre continues to deliver this fèntèsti£ service for children and young
people Countywide. Following a successful tender submission, the new contract continued running seamles51v
from 1st April 2022 with no interruption to service and therefore no disruption for young people. The team
continue to deliver the structured social ski115 programme through soclallsation group5 run across Cornwall. We
were delighted in 2024 to welcome two prevlous SErvice users to our ￿pIreS te3m in the roles of Group
Facilitators, who continue to bring their unique perspectlvè Df having experienced the project first hand. For
further information regarding the Service, the crlteria and how to refer, please see Aspires- Autism Spectrum
Condition Programme- The Dreadnought Centre.
One to one sess¢ons Continue tts be delivered Countywide to children and young people who are referred for a
5peciflc purpose. We note that du¥ing 24125 the level of referrals for complex mental health needs has
significantly increased, alon8 Wlth referrals for those with neuro diverse needs. In order to lessen anxiety
regarding initial vislts to the Centre, we h8ve developed a 'virtual tour, for young people to experience, learn more
about the service and the Centre, and lessen the 'unknown' element of the building. The diverse range of one to
one programmes on offer are detailed on our web51te www.thedreadnought.co.uk along Wlth detalls of hDW to
refer and access lo onlsne referral forms.
In addition to one to one programme5 of work and our Aspire5 group work, Dreadnought offers a range of evenlng
group
opportunitie5
and bespoke group
work delivered
schools.
Contact Jo
James
jo.jame5@thedreadnought.co.uk dlrectly for more informatlon.
Dreadnought is currently working with an average of 250 children and young people across Cornwall each week.

THE DREADNOUGHT CENTRE
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
Vc>lunteer recruitment processes continue in line wlth staff recruitment and include a formal interview and
probationary period. Volunteers are a highly valued resource in which the Charity invests time ID offer training and
close supervisitsn. Anyone interested in further information regarding our Volunteer opportunities please see
Volunteer- The Dre3dnought Centre.
Professional I clinical counselling supervlsion for professlonals land students) working wlthin the 'Helping
Proles5ions' continued to be delivered by Mrs Sara-lat)e Perrins. fate to face and online, during 2024 -25. Contact
sarajane@thedreadnou8ht.co.uk Dreadnought's CEO and qualified Supervi50r, for details of how to access this
supervision. Going forward clinical supervision within the Ch3rity will also be provided by Mr5 Jo Ellingham.
Flnandal revlew
The overall deficit for the year wa5 £8.88112024'. suiplus of £45,1481. At the year end £55,77712024.. £81,274)
was held in funds restricted for a particular purpose whilst unrestricted reserves stood at £688,013 12024..
£671,397). Free reserves are those not required lor any other purpose, i.e total unrestricted fund5 less designated
funds. In the current year this 15 £504.48612024'. £478,217).
Reserves policy
Reserves are needed to bridge the gap between spending and receiving our income and to cover unplanned
emer8en£y repairs and other expenditure. The trustees consider that the ideal level of reserves would be
E150,000 which covers approximately 6 months worth ol expenditure.

THE DREADN0UGTr￿ CENTRE
TRUSTEE5' REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
Plans for future periods
Durlng the period April 2024 to March 2025, the Charity has demonstrated its ability to adapt in order to continue
to provide an invaluable service to children and young people in need in Cornwall. Its ethos ol unconditional
acceptance and positive regard rem3in5 true and at the heart of all of its services and projects, as does its
commitment to WDrkin8 to the morals and ethics of the BACP Ethical Framework.
Now in its 49th year. Dreadnought will endeavour to continue to lake ihe Charity's service to as wlde
geographical Ioc3tion as possible in 2025- 26, through its outreach service. Detalls of how to refer are found on
the website www.thedreadnought.co.uk.
2025 see5 the 21st Anniversary of Dreadnought delivering the Aspires project. We celebrated this incredible
achievement with an event in the surnrner of 2024 to which all past participants, families. volunteer5, staff and
professionals were invited. This is a tremendous achievement and Dreadnought is so proud to have been offerin8
this service to children and young people across Cornwall who have a diagnosis of an Autism Spectwm Condition,
for so lonB and with such success.
Following a successful tender submission to Cornwall Counc¢l, Dreadnought is now part of a gfoup of registered
approved providers ol Community Based Out of School Provision. Foi further details includlng htsw to refer to this
service contaet team@thedreadnought.co.uk.
Dreadnought's permanent home In the converted Methodist Chapel in Carn Bre3 Lane has been receiving rnore
attention this past year including the replacement of the boiler, investing in providing a safe and welcoming land
warmll environment for children and young people.
2026 is a big year for Dreadnought as we celebrate the incredible achievement of re3¢hing our 50th Golden
Anniver53ryl We plan a bit of a face lift io our branding and overall presentation and will be launching this in
January 2026.
Full details of new, changing and developing services and details of how you can become part of the Dreadnought
team can be found on our websitE www.thedreadnought.co.uk, or our Facebook page Idreadnoughtcornwalll.
All the Trustees and Team at the Dreadnought Centre wish all of you the very best.
Structure. governance and management
The Dreadnought Centre is an unincorpor3ted association governed by a Constitution dat&d S October 1975 and is
a regi5tefed charity. The overall responslbility for the Charity and decision making is undertaken by the Board of
Trustees who meet quarterly to£ether with the Charity Chief Executive Ofllcer.
The Charity has a Centre at Pool from which it also operates an outreach service acrtss5 the County with a Chief
Executive Officer, who oversees the day to day running of the Charity. During this perlod in total there were 5 full-
time staff and 10 part-time staff. The Charity also employs a number of Coun5ellors and sessional workers and has
many trained Volunteers, whose contribution is gratefully 3cknowled8ed and central to the ethos of Dreadnought.

THE DREADNOUGHT CENTRE
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR EIIDED 31 MARCH2025
The trustees who seryed during the year and up to the date of sigllature of the linancial statemenls were..
Mr G Chappell
(Resigned 21 November 20251
M￿lPToY
Mrs G Davey
Mrs C Walker-Booth
Mr I S 5ansov
Mr l 8 Edwards
(Resigned 21 November 20251
IRe5i8red 21 November 20251
(Appointed 21 November 20251
Recruitment ondoppcintment of trustee5
The trustee selection proce$5 15 designed to appL)int persons who have the necessary skllls to contrlbute to the
Charity'5 mana8ement a￿d development. Trustee vacancies would be advertised on the CharitV'5 webstte
Iwww.thedreadnought.co.uk l and Facebook page, applicants Interviewed by a panel of trustees. Newly appointed
trustees would undertake an introduction to the work of The Dreadnought Certre and be provided with the
Information that they need to fulfil their roles. which Includes information about the role of trustees and charitv
law.
Risk management
The major risks to wh5ch DreadnouEht is exposed have been reviewed and are stated in a Risk Management
document. Systems are in place to monitor and control these risks and thereby mittgate impo£t thal they may
have on Dreadnought. This monitofing and contfol of risks has contlnued throughout the year. Dreadnought
employs Safety First Cornwall to oversee all of Its Health & Safety requlremellt5 in line with its Cornwall Council
contrarts.
The twsteps. report was approved by the Board of Tru5tee5.
Mrs C Wèlker-Booth
Trustee
JC. i)1 2oa

THE DREADNOUGHT CENTRE
INDEPENDENT EXAMINER'S REPORT
TO THE TRusfEES OFThE DREAONOUGHT CENTRE
I report to the trustees on my examination of the financial statements of The Dreadnought Centre Ithe charity) for
the year ended 31 March 2025.
Rè5ponsibllltles and ba515 of report
As the trustees of the charity you are responsible for the preparation of the ftnancial statements Sn accordance
with the requirements of the Charities Act 2011 Ithe 2011 Act).
I report in respect of my examination of the charily's financial statEments carried out under sectlon 145 of the
2011 Act. In Cairying out my examination I have followed all the applicable Directions given by the Charity
Cornmission under section 14515llbl of the 2011 Act.
Independent examiner's statement
Since the charity's gross inctsrne exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the
Institute of Chartered Accountants in England and Wales. which 15 one ctf the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statement5 in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Finèncial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by
Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the eKtant
regulations but has now been withdrawn.
l understand that this has been done in order fo¥ financial statements to provide a true and fair view In
accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after I
January 2015.
I have completed my examination. I confirm that no matters have come io my attention in connectfjon with the
examination giving me cause to believe that in any material respect:
accounting iecords were not kept in respect of the charity as required by sectlon 130 of the 2011 Act; or
the financial statements do not accord with those records,. or
the financial statements do not comply with ihe applicable requirernents concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 Dther than any requirement that
the accounts give a true and fair view which Is not a rnatter considered as p3rt of an independent
examination.

THE DREADNOUGHT CEWRE
INDEPENDENT EXPJJIINER'S REPORT IcofrmNUEDI
TO THE TRU5fEES OF THE DREADNOUGHT CENTRE
I have no (Dnorns and have come across no othei mattefs in connectlon w￿h the examination to wh￿h attentlon
should be drawn in this report in order to enable a proper understanding of the financlal statements to be
reached.
TC Group
Jame5 Pe8rce FCA
Vlvlan House
Newham Aoad
Truro
Cornwall
TRI 2DP
United Kingdom

THE DREADNOUGHT CENTRE
STATEMEwf OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCM2025
Unrestrlcted Restricted
funds
funds
202S
2025
Total Unrestrlcted Re$trirted
funds
funds
2024
2024
Total
202S
2024
Notes
Income and endowments from:
Donatlons and legacies
Charitable activities
Investments
Other income
3,152
112,110
7.557
5,213
10.000
286.034
13,152
398,144
7,557
5.213
2,503
141,363
5,156
4,179
20,000
280,280
23.503
421.643
5.156
4,179
Total Income
128.032
296,034
424,066
154,201
300,280
454,481
Expènditure on:
Charitable activities
111,420
321,531
432,951
120,656
288.430
409.086
Total expenditure
111,420
321.531
432,951
120,656
288,430
409.086
Net 8ainslllossesl on
investrTtents
12
12471
12471
Net IncDrnel{eMpendlturel
16.616
125,4971
18,8811
33,298
11,850
45,148
Transfers between
funds
10,000
iio,0001
Net movement In
lunds
16,616
125,4971
18,8811
43,298
1,850
45,148
Recon¢iliatlon of funds:
Fund balances at l April 2024
671,397
81,274
752.671
628,099
79,424
707,523
Fund balances zt 31 March
2025
688,013
55,777
743,790
671,397
81,274
752,671
The statement of financial activities includes all Eain5 and 10s5e5 recognised In the year. All income and
expenditure derive frorn continuing activities.

THE DREADNOUGHT CENTRE
BAIANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
183,397
2,685
193,054
5,247
15
186,082
198,301
Current assets
Debtors
Cash at bank and in hand
16
8,850
559.838
27,058
536.4311
568,688
563,488
CredIto￿. amount$ falllng due wlthln one
vear
17
110,9801
19,1181
Net current assets
557.708
554,370
Total assets le￿ Current Ilabllities
743.790
752,671
Net asset$ eM£ludin8 pension Ilabllity
743,790
752,671
The fund5 of the charity
Restricted income funds
Unrestricted funds
19
55,777
688,013
81,274
671,397
743,790
752.671
The financial statements We￿ fjpproved by the trustees on ...........,.............
Mrs C Walker-Booth
Trustee

THE DREADNOUGHT CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 MARCH 2025
Accountlng policies
CharSty lttformatton
The charity is a public benefit entity and is constituted as an tjnincorporated charily.
1.1 Accounting conventlon
The linancial statements have been prepared in accordance with the charity'5 governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland,
I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended
Practlce applicable to £haritie5 preparing their accounts in 3ccordance with the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021" leffect￿ve l January 20191. The charity is a Public
Benefit Entlty as defined by FRS 102.
The charity has tsken advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flow5.
The financial statements have departed from the Charities (Account5 and Reports) Regulation5 2008 only to
the extent requiied to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charltles applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which 15 the functional currency of the charity. Monetary
amounts in these financial 5tstements are rounded to the ne3rest £.
The financial statements have been prepared under the historical cost convention. The principal accountin8
policies adopted are set out below.
1.2 Going concem
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational 2xi5tence 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 awailable for use at the discretlon ol the trustees in furtherance of their charitable
objectives.
Revaluation funds are unrestrirted funds which include a revaluation reserve Kepresenting the restatement
of investment assets at their market value.
Designated funds comprise funds which have been set aside èt the discretion of the trustees for specific
purposes. The purposes and use5 of the de5i£nated funds are set out in the notes to the financial
statements.
Restricted funds are subject to 5pecilic conditions by donors or g￿ntOrS a5 to how they may be used. The
purposes and uses of the restricted fund5 are set out in the note5 to the financial statements.
10

THE DREADNOUGHT CENTRE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED31 MARCH 2025
AccountSng politie5
Icontlnuedl
1.4 Income
Income is retognised when the charity 15 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 recognlsed on receipt. Other donations are recogni5ed once the charity has been
notified of the donation, unless performance conditions require deferrnl of the arnount. Income tax
retoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time
of the donation.
Donated goods and services are only included in income (with an equivalent amount in expenditure) where
the benefit to the Charity is reasonably quantrfiable, measurable and rnaterial.
The value of services provided by volunteers is not included within the accounts.
Income from grants, where related to performance and specific deliverables, are accounted for as the
charity earns the right to consideration by its performance.
Items of intome are recognised and included the accounts when all ol the following criteria are met..
the charity has entitlement to the funds;
any performance conditions attached to the iiemlsl of intome have been met or are fully within the
control of the charity,.
there is sufficient certainty that receipt of the income 15 considered probable., and
the amount can be measured reliably.
1.5 Expenditure
Expenditure is iecognised 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.
Expendilure is clas51fled by activity. The costs of each activity are made up of the total of direct costs ènd
shared c05t5. including support costs involved in undertaking each actlvity. Dire¢t costs attributable to a
single actlvity are allocated directly to that activity. Shared costs which contribute to rnore than one activity
and support cost5 which are nor attributable to a single activity are apportioned betwèen those activities on
a basis consistent with the use of resource5. Central staff costs are allocated tsn the basi5 of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Support costs are the those costs required to SUPPOft the charity in carrying out its activltles and mèèting its
objects.
Governance cost5 include costs associated with meeting the constitutional and statutory requirements of
the Charity, including the prep3ration and examin3tiDn of the statutory accounts, the costs of trustee
meetin8s and other costs linked to the strategic management of the Charity including the cost of any legal
advice to trustees on governance or constitutional matters.

THE DREADNOUGtrrr CENTRE
NOTES TO THE FINANCIAL STATEMEKfs ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
Accountlng policiès
Icontlnuedl
1.6 Tangible Ilxed assets
Tangible fixed assets are initially measured at cost and subsequently rneasured at C05t or valuation, net of
depreciation and any impairment losses.
Depreciation is recognlsed so as to write off the cost or valuation of assets less their residual values over
their useful lives on the followlng bases..
Freehold land and buildlngs
P13llt and equipment
Fixtures and littings
Computers
Property Improvements
Solar panels
Not depreciated
25% straight Ilne
25% straight line
25% straight line
5% straight line
5Yo Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceed5 and the carrying value of the asset, and is recognised in the statement of financial activities.
The residual value of the freehold land and buildings known as St Martin's Chapel has not been depreciated,
a5 It is maintained in good wtsrking order and is considered to have a residual value at least equal to the ¢05t
of the asset. Any depreciation charge will therefore be immaterial to the financial statements.
1.7 FIMèd asset Investments
Fixed asset inve5trnents are initlally measured at transaction price excluding transaction costs. and are
subsequently measured at tsir value at each reporting date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction c05ts are expensed as incurred.
1.8 Impalrmènt of fixed assets
At each reporting end date, the charity re￿ewS the t3rryin8 amount5 of its tangible asset5 to determine
whether there is any indicatlon that those assets hève suffered an impairment 1055. If any Such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposits held at call with b3nk5, Other short-term liquid
investments with original maturities of three month5 or less, and bank overdrafts. 8ank overdrafts are
shown within borrowings in current liabilities.
12-

ThE DREADNOUGHT CENTRE
NOTES TO THE FINANCIAL STATEME￿5 {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
Accounting policie5
(Continuèd)
1.10 FSnancial instruments
The charity has elected to apply the provisions of Sectioy) 11 'Basic Flnancial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Flnancial instruments are recognised in the charily's balance sheet when the charity becomes party to the
contractual provislons of the instrument.
Financial assets and liabilities are offset, with the net amounts presented Sn the financial statement5, when
there is a legally enforceable right to set off the recognlsed amounts and there is an intention to settle on
net basis or to realise the asset and settle the liabS1ity simultanetsusly.
Basicfinonclolussets
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. Financlal
assets classified as reteivaL71e within one year are not 3mortised.
Busicfinonciolllobilities
8asic financial liabilities, including creditors are initially recognised at transaction price unless the
arrangement constitutes a tinancing transaction, where the debt instrument is measured at the present
value of the future payments dlscounted at a rnark￿ rate of interest. Finahcial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amort15ed 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 Irom Suppliers. Amounts payable are classified as current liabilitie5 if payment is due within one
year or less. If not, they are presented as non-cuirent liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using rhe effective interest method.
Deretognition offlnDnciulliobilities
Financial liabilitles are derecogni5ed when the charity's contractual obli8ations expire or are discharged or
cancelled.
1.11 Taxatlon
The charitv 15 exempt from corporation tax on its charitèble activities.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's servic25 are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an ernployee or to provide termlnalSon benefits.
13-

THE DREADNOUGXT CENTRE
NOTES TO THE FINANCIAL STATEMENTS (Coh￿INuED1
FOR fHE YEAR ENDED 31 MARCH2025
Ac¢ounting policies
(Continued)
1.13 RetSrèment benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Criti￿1 accountln8 estimates and judgements
In the application of the charity's accounting polities. the trustees are required to make judgement5.
estimates and assumptions about the carrying amoynt of assets and liabilitie5 that are not readily apparent
from other sources. The estimates and associated a55umptions are based on historical experience and other
factors thal are considered to be relevant. Actual results may dlffer from these estirnate5.
The estimates and underlying assumptlolls are reviewed on an ongcling basls. Revisions to accounting
estirnates are recognised in the period in which the estimate Is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
The trustees do not believe there are any critical judgements that have been made in applying the charity's
accounting policles.
Income from donatlons and lega¢ies
Unrestrlcted Restrltted
funds
funds
2025
2025
Total Unrestrlcted RestrlctÈd
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
Grant income
3,152
3,152
10.000
3,503
3,503
20,WO
iO,OLbJ
20,OLXI
3,152
10,000
13,152
3,503
20,000
23,503
Donatlons and glfts
Don3tion5 from
companies, trusts and
similar proceeds
Donations from
2,274
2,274
2.454
2,454
707
171
707
171
989
60
989
60
Gift aid
3.152
3.152
3,503
3,503
14-

THE DREADNOUGHTCENTRE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
Intome from donatlon5 and leBades
(Continued)
Unrestricted Restricted
funds
funds
2025
2025
Totsl Unyestrlrted Restrlcted
funds
funds
2024
2024
Total
2025
2024
Grants receivable for Core activÉties
The Three Guineas Trust
Screwfix Foundation
10,000
10.000
10,000
10.000
10.000
10,000
10.000
10,000
20,000
20,000
Income from charitable activitles
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
fvnds
2024
Total
2025
2024
2024
Providing counsellln8 and support for
chlldren and young people facing
emotlonal and personal challenges
Schgols
68.015
21,83L)
1.970
20,295
68,015
21.830
1,970
20.295
I,oio
164.775
120,249
106,567
17,612
3,521
12,623
1.040
106,567
17,612
3.521
12,623
1,040
160,031
120,249
Other organisatlons
Local authoritv
Summer activities
Aspires
Kernow Connect
I,oio
164,775
120,249
160,031
120,249
112.110
286,034
398.144
141,363
280,280
421.643
Jn¢ome from investments
Unrestricted Unrestrfrted
funds
funds
2025
2024
Interest receivable
7.557
5,156
15

THE DREADNOUGHT CENTRE
NOTES TO THE FINANCIAL ￿ATEmENTs ICONTINUEDI
FOR YHE YEAR ENDED 31 MARCH 2025
Other income
Unrestricted Unrestrlcted
fund5
funds
2025
2024
Solar panel income
SPP and SMP recovered
1,8ts5
3.408
4,179
5,213
4.179
Expenditure on charitable actrvities
Providing
Providin8
counsellln8
tounselling
and support and support
for chlldren
for chSldren
and young
and young
people
people
facing
facSn8
emotional
emotlonal
antl personal and personal
challenges
challenges
2025
2024
Dire¢t costs
Activity costs
Volunteer costs
11,596
913
12,125
I,CM)4
12,509
13.129
Share of 5UPPOrt and governance costs Isee note 81
Support
Governance
416,619
3,823
391,856
4,101
432,951
409,086
Analy515 by fund
Unrestricted funds
Restricted funds
111,420
321,531
120.656
288,430
432.951
409,086
16-

THE DREADNOUGHT CENTRE
NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
Support costs allocated to artivitie5
2025
20Vs
Slaff costs
Depreciatlon
Staff trainin8 and welfare
Rent and rates
LSght, heat and power
Insurance
Repairs. r￿newaIS and cleaning
IT and telephone expen5e5
Printing, postage and stationery
Subscriptions
Sundry expense5
Travel and Subsistence
Governance costs
346.414
10,053
3,191
3,158
S,957
338,764
9,053
2,638
977
6,660
li
6,417
23,451
4,487
2,929
1.345
517
6,791
S,490
5,004
3.647
924
1,555
10,353
4,101
8,700
3,823
420,442
395,957
Analysed between:
Providing counselling and support for children and young people facing
ernotion31 and personal challenges
420,442
395,957
Net movement funds
2025
2024
The net movement in funds is 5tBted after charBinB/lcreditin81.'
Depreclation of owned tangible fixed assets
10,053
9,053
10 Trustees
None of the tru5tee5 lor any person5 connected with them) received any remuneration or benefit5 from the
charity during the year.
17-

TME DREAONOUGHT CENTRE
NOTES TO THE FINANCIAL STATEME￿$ ICONTINUEDI
FOR THE YEAR ENDE031 MARCH 2025
11 EMPl￿e#S
The average monthW number of employees during the year w3S'.
2025
2024
Number
Number
Full time staff
Part time staff
Sessional staff
13
13
Total
26
24
Employment costs
2025
2024
Wages and sè13ries
Soclal security costs
Other pension costs
321.678
17,003
7,733
315,649
16,755
6,360
346,414
338.764
There were no employees whose annual remuneration was more than £60.000.
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows..
2025
2024
A￿regate compensation
74,895
63,845
12
Gains and losses on Imie5tmenis
Unrestrirted Unrestrfcted
fund5
funds
2025
2024
Gains/l10$5esl ari5in8 on..
Revaluation of investments
12471

THE DREADNOUGHT CENTRE
NOTES TO ThE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED31 MARCH 2025
13 Taxation
The charlty is exempt from taxation on its activities because all its income is applied for charitable purpose5.
19

èg
CL

THE DREADNOUGHT CENTRE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
15 Fixed asset Investments
Llsted
investments
C05t or valuation
At l April 2024
Valuation change5
Disposals
5.247
12.5661
At 31 March 2025
2,685
Carrylng amount
At 31 March 2025
2,685
At 31 March 2024
5,247
16 Debtors
2025
2024
Amounts fzllin8 du• within one year,.
Trade debtors
Prepayment5 and accrued Income
1,950
6,900
20,858
6,200
8,850
27.058
17 Credltor5: amounts falling due within one year
2025
2024
Other taxation and soclal security
Trade creditors
Other creditors
Accruals and deferred in¢ome
4,830
2.048
1,102
3,0(M)
6,052
1,624
1,442
10,980
9,118
21

THE DREADNOUGHT CENTRE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR EJVDED 31 MARCH2025
18 Retirement benefit schemes
2025
2024
Oefined contribution schemes
Charge to profit or loss In respect of defined contribution scheme5
7.733
6,360
The charity operates a defined contribution pension sch&me for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
19 Restricted funds
The restricted funds of the charlty comprise the unexpended b31ances of donations and 8rants held on trust
subject tts specific condltions by donors as to how they may be used.
At l Aprll 2024
Incomlng
rèsourte5
Resour￿9
expended
Transfers At 31 Marth
2025
Aspires
The Three Guineas Trust
Kernow Connect
21,967
3,072
56,235
165,785
10.000
120.249
1145,7Q41
17,9671
1167,8601
42,048
5.105
8.624
81.274
296,034
1321,5311
55,777
Prevlous year:
At l April 2023
Incomlng
resourtès
Resources
expended
Transfers At 31 March
2024
Aspires
The Three Guineas Trust
Kernow Connect
Fire Safety Improvements
11.313
2,910
65,201
160,031
10,000
120,249
10.000
1149,3771
19,8381
1129,2151
21,967
3,072
56,235
Iio,OLX)I
79,424
300,280
1288,4301
iio.0001
81,274
-22-

ThE DREADNOUGHTCENTRE
NOTESTO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
19 Restricted fuhds
Icontlnuedl
This fund represents funds received from The Cornwall Council to be used towards the Aspires project.
Th Three GuSneas Trust
This fund represents grants received from The Three Guineas Trust to be used towards the holiday activite5
scheme.
Kernow Covbnect
Thls fund respresents funds received from Action foi Children Services Limited to be used to provide services
for young people aged 11 to 19 land up to 25 with SENOI.
20 UnrestrÈcted funds
The unrestricted fund5 of the charity comprise the unexpended balances of don3tion5 and grants whith are
not subjert to specific conditions by donors and grantors as to how they may be used. These include
designated lunds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At l April 2024
Incoming
resources
Resources
expendèd
Transfers
GaSns and At 31 March
losses
2025
8uilding,
maintenance
and capitsl
designated fund
Revaluation
reserve
193,054
110,0531
396
183,397
126
478,217
13D
504,486
General fund5
128,032
1101,3671
13961
671.397
128.032
1111,4201
688,013
Prevlous year: At l Aprll 2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
Building,
malntenance
and capital
designated fund
Revaluation
reserve
190,266
19,0531
11,841
193,054
373
437,460
12471
126
478,217
General funds
154,201
1111,6031
11,8411
628,099
154,201
1120,6561
io,cx)o
12471
671.397
-23-

THE DREADNOUGHT CENTRE
NOTES TO THE FINANCIAL ￿ATEmENTs ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2025
21 Analysis o* net assets between funds
Unrestricted
funds
2025
Restrtcted
funds
2025
Total
2025
At 31 Marth 2025..
Tangibl& assets
Investments
Current assets/lli3bilitiesl
183,397
2,685
501,931
183,397
2,685
557,708
55,777
688.013
55,777
743,790
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investments
Current assetsllliabilitiesl
193,054
5,247
473,096
193,054
5,247
554,370
81,274
671,397
81.274
752,671
22 Rel*ed party transactions
Total donations of £48012024.. £4801 were given to the charity in the year by a trustee.
24-