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2021-12-31-accounts

Charity Registration No. 1071067

Company Registration No. 03524074 (England and Wales)

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S Burstow
K Yeo
J Rabey
R Anderson
A Smith
O Johns
M Mallett
A Bown
A Jenkins
Charity number 1071067
Company number 03524074
Principal address Perran Bay Care Home
St Pirans Road
PERRANPORTH
Cornwall
TR6 OBH
Registered ofce Perran Bay Care Home
St Pirans Road
PERRANPORTH
Cornwall
TR6 OBH
Auditor RRL LLP
Peat House
Newham Road
TRURO
Cornwall
TR1 2DP
Solicitors Nalders LLP
12 Falmouth Road
TRURO
Cornwall
TR1 2HX
Investment advisors Brewin Dolphin Ltd
Ashleigh Court
Ashleigh Way
Langage Business Park
PLYMOUTH
Devon
PL7 5JX

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent auditor's report 6 - 9
Statement of fnancial activities 10
Balance sheet 11
Statement of cash fows 12
Notes to the fnancial statements 13 - 28

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their annual report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the

financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act

2006 and “Accounting and Reporting by Charities: 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).

Objectives and activities

Charitable purpose

The purpose of the charity is to administer the Perran Bay Care Home, Perranporth, a home for the elderly, and to provide residential accommodation and day care facilities on a “not for profit” basis for persons who through

age or infirmity need such care on terms appropriate to their needs.

Aims and intended impact

To continue providing residential accommodation and day care facilities on a “not for profit” basis for persons who through age or infirmity need such care on terms appropriate to their needs whilst maintaining a continuous

programme of facility upgrading to meet forthcoming or anticipated regulatory requirements.

Objectives for the year

Operate Perran Bay Care Home in accordance with our charitable aims and CQC regulations.

Continue to follow Government guidelines throughout the Covid-19 pandemic.

Continue to ensure safety and wellbeing of all residents, staf and visitors.

Continue staf development in line with CQC.

Develop new and innovative ways of ensuring that our residents are physically and mentally stimulated.

Continue Safeguarding training for all staf and members.

Continue to work within the budgets.

Continue to develop the Home to ensure the safety and comfort of all residents.

Continue with aims to ensure that all resident’s rooms have en-suite facilities.

Re-engage members with required training.

To conduct a feasibility study in respect of sheltered apartments for the elderly.

Strategies to achieve the year’s objectives

Maintain strict financial control.

Regular training sessions for staf.

Provide space for member’s training.

Monitor the building and development programme by regular meetings.

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the

charity should undertake. In particular the trustees consider how planned activities will contribute to its aims and objectives.

Achievements and performance

The charity continued to operate as a residential care home for existing residents and for those new residents

who had been vaccinated and were Covid free.

The same in-house rules applied to Respite or Day Care facilities.

We continue to improve our service to our residents and aim to achieve an outstanding CQC status.

Perran Bay continues to work with the NHS community practices and the local surgeries in providing residents’

needs.

Although there have been cases of Coronavirus in both staf and residents throughout the year, the vaccines given have thankfully resulted in just minor symptoms.

Our activities co-ordinator has been invaluable during the last year despite losing her husband to the Covid virus.

Maintenancecontinuesin house and we look forward to commencing the addition of en-suites to those

bedrooms currently without these facilities.

Plans for future periods

Discussions continue regarding the provision of sheltered apartments for the elderly in the village.

Financial review

The financial activities and results for the year are shown in the statement of financial activities on page 10.

Reserves policy

In order that the charitycan meet its objectives of managing and operating a home for elderly peoplethe Trustees have considered its resources and commitments. The charity is responsible for the maintenance of the home and its surroundings. The Trustees consider that significant reserves need to be accumulated in the event

of any major maintenancebeing required. Furthermore,with regard to funding the annual charitable expenditure, the charity is reliant on obtaining full occupancy of its residential accommodation and must therefore

establish reserves in the event that this is not achieved in any year. The charity’s unrestricted general reserves

currently stand at £876,485 which represents considerably less than a year’s operating costs.

Investment policy

The Trustees have consideredthe most appropriate policy for investing funds and believe that the current arrangements, of investing in low risk deposit-based accounts, are satisfactory.

The Trustees appointed Brewin Dolphin Financial Advisors during 2019 to manage funds and investments on a

low/medium risk basis.

Risk management

The trustees have considered the major strategic business and operational risks to which the charity is exposed and systemshave been established to mitigate those risks. The trusteesare responsible for monitoring risk strategies for their specific area and risk plans are reviewed periodically. Two trustees have been appointed to

monitorthe two key areas of risk, business and care. These trusteesconstantly monitor and review these

activities and report back to the full Board at meetings throughout the year.

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, governance and management The charity is a company limited by guarantee governed by its Memorandum and Articles of Association and registered with the Charity Commission. There are 29 (2020: 29) members, each of whom agree to contribute £1 in the event of winding up the charity.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: D Hancock (Resigned 10 November 2021) S Burstow K Yeo J Rabey R Anderson A Smith O Johns M Mallett A Bown A Jenkins Appointment of Trustees The charity is managed by the Trustees who may at anytime appoint further Trustees from the membership either to fill a casual vacancy or as an additional Trustee. Trustee induction and training Newly appointed Trustees are provided with copies of the charity accounts,brochure and Memorandumand Articles of Association. Guidance on the charity’s ethos and activities is provided by the Chairman, Secretary and Treasurer.

Organisation The charity is governed by the Trustees who meet regularly and consider all aspects of the Home’s afairs. The Trustees are responsible for the management of the Home and delegate the day to day running of the Home to the Care Home Manager.

Pay policy for senior staf

The directors consider the board of directors, who are the charity’s trustees, and the senior management team

comprise the key management personnel of the charity, to be in charge of directing and controlling, running and operating the charity on a day to day basis. All directors give of their time freely and no director received any remuneration in the year. Details of the directors’ expenses and related party transactions are disclosed in notes 11 and 28 to the financial statements.

The pay of the senior staf is reviewed annually and normally increased in accordance with average earnings. In

view of the nature of the charity, the directors benchmark against pay levels in other similar organisations.

Related parties

None of the trustees receive remuneration or other benefit from their work with the charity.

Any connection between a trustee or senior staf member with a resident or supplier of the charity is disclosed to the board of Trustees in the same way as any other contractual relationship with a related party.

In the current year no such related party transactions were reported, other than those disclosed in note 27.

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Auditor

In accordance with the company's articles, a resolution proposing that RRL LLP be reappointed as auditor of the

company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the

audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to

identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

..............................

Trustee

Date: .............................................

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees, who are also the directors of Cornwall Old People's Housing Society (Limited by Guarantee) for the

purposeof company law, areresponsible for preparing the Trustees' Report and the financial statements in

accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and

fair view of the state of afairs of the charity and of the incoming resources and application of resources, including

the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at

any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They arealso responsible for safeguarding the assets of the charity and hence for

taking reasonable steps for the prevention and detection of fraud and other irregularities.

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

Opinion

We have audited the financial statements of Cornwall Old People's Housing Society (Limited by Guarantee) (the ‘charity’) for the year ended 31 December 2021 which comprise the statement of financial activities, the balance

sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicablein the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

incoming resources and application of resources, for the year then ended;

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical

requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard,and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

The impact of macro-economic uncertainties on our audit

Our audit of the financialstatements requires us to obtain an understanding of all relevant uncertainties, including those arising as a consequence of the efects of macro-economic uncertainties such as Covid19 and Brexit. All audits assess and challenge the reasonableness of estimates made by the directors and the related disclosures and the appropriateness of the going concern basis of preparation of the financial statements. All of

these dependon assessmentsof the futureeconomicenvironment andthe company’s future prospects and performance. Covid-19 and Brexit are amongst the most significant economic events currently faced by the UK, and at the date of this reporttheirefectsare subjectto unprecedented levels of uncertainty, with the full range of possible outcomesand their impactsunknown.We applieda standardised firm-wideapproach in response to these uncertainties when assessing the company’s future prospects and performance. However, no audit should be

the unknowable factors or all possible future a company associated with

expected to predict implications for these particular events.

CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF CORNWALL OLD PEOPLE'S HOUSING SOCIETY (LIMITED BY GUARANTEE)

Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. In our evaluation of the directors’ conclusion, we considered the risks associated with the company’s business, including efects arising from macro-economic uncertainties such as Covid-19 and Brexit. We analysed how those risks might afect the company’s financial resources or ability to continue operations over the period of at least twelve months from the date when the financial statements are authorised for issue. In accordance with the

above, we have nothing to report in these respects.

However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes

that are inconsistent with judgements that werereasonable at the time they were made, the absence of reference to a material uncertainty in this auditor's report is not a guarantee that the company will continue in operation.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Thetrustees areresponsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doingso, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit:

financial statements; and

legal requirements.