Company Registration number 06857630 Charity Registration number 1134308 Trenance Cottages Newquay Report and U naudited Accounts 31 December 2021
Trenance Cottages Newquay Reportand accounts Contents Page Trustees, report Accountants, report Slalem&nl of financial 8CtiMlie8 Balance sheet Notes lo th6 accounis 8-11
riènantè Coltagè5 Newquay Trusteos, Rèport lor the year cnded 31 December 202fj Charlt8bla Compaiiy Iiifolle110n Th8 Iruslee9 present Ihelriewt 8ecounls l<Y yearended 31 Decembgr2021 are 3180 ep8red lo meet r8qulr¢menls f<K e dlreclors, port and OUnts lorCompanie3Act purpDse5. ThBfin8Klal slalernents cornFlywilh the Chafille3 Act 2011, the C(mpanle3 kn120, Ih Memorandum Artides of Abso110n, and Accounling and Reportlng by Chaollea.. Slaianenl of ReCommded PiaGIIc8 aprAicablelocharilles piepari[ thelrattounis In a¢cordÈnte th the Financia Reporting 8t8ndard applIe In IhB UKand Rtwbll¢ol Irel¥nd IFRS 1021 lelledve 1 January20151. RBlerènce and AdmInIrave Intormatlon Cliarlly nome Tr8n¥rte Cthtaoe$ NBwoav Company Raglswrod #umbBr 06tffj7630 ¢harlty Rggl8t9rgd llumr 1134308 Trust£e8 Mr EdvArdO'D1 MrChri5 Bkyjni Mr Ron FJ114wod Mrs Mavis Warman MrsJill Wllmoii Mr Dad tsrav8S Mrs Ruth Alkin80n (re0ned 211W211 Mfs tsilb3n Ilou MisValert& Cdlkns Mrs ChdsiinB Davey Mr Chfjs Rodger Ms SatKlfv W4lkkns MrMlcha&l Jonkln Mrsimon FoTrrDl¢y18ppoknled 2119tt11 Coundl repreÉÈniallve', K8vkn TCWII {regned SISD11 lldependgnt Ex¥mliior r N Halltm FCCA Crane & Johnsion 3D-32 Trebawrfth Cr8stsni Nqwuay Cornwall TR7 1DX BaTrkprs Lloyds tsank P cheSlert< Place e Cheslet Road Nvffjuay TR7 2RU Reglsttrgd offlGp 42 Pentnere New4uay Comwa TR7 1QQ
Tronaneè Cottages Nèwquay Registered iiumber: Trusteès, Report 06857630 Gov8rnlng Document The organisalitsn is a charitgble company lirniled by gu8rant88, incorporaled on 25 March 2009 and reglslered as a eharlty on 15 Fèbruary 2010. The charitable company was establlshed under a Memorandum ol Association which established the objects and powers of the charitable company and 15 governed under its Articles of Associatlon. In the event of the thariiable company belng wound up mombers are required Its ¢onlribute an atnounl not eXdIng £1. The accounts ¢omplywilh current statutory requlrements and the charity's governing documents. RecYu5tmènt and Appolntment ol trustees Th8 dir8etor8 of th8 compatiy gra also Charity trusteas for the purposEs ol Charity law and undèr the companls 4rticles are known as memb8rs of th8 Board of Dir8Ctors. Under th8 requir8m8nls of the Memorandum and Articlès of Assoclatlon, three members of the board ol dlrectors stand down annually. in ordgf ol when Ihey were 1$1 ele¢led. Afier which, they rmust be rg-&led8d al the Annual Gener&1 Meet1g. NomiTr&led members serve at the dlscrelion ol the nomin3Ing body. All memb618 will bg ¢ir¢ulatod wth Invitations to nominate truslees prlor to Ihe AGM admslng them of th8 retiring trustees and requesiing nominatn3 lor the AGM. New trustees are provided urith a pack containing information covering the following.. the ¢onlénl ol the InemorAndum 2nd articles of 2ssociation sel of recent board papers and minutes and d8te5 of n6Ki maètlngs - annual reports from the p¥avious y8ar Oblèetls and Actlvltles Th8 charlt8bl8 companws 4bl8ets and [nCIpal actwllles are to.. 81 promole for Ihe benefit af the publlc thè preservatn, proteclion and Improvement ol Tret)ance Cottages. Newquay. The ¢ollagos aro a group ol lalo Qighteenlh and early nineleenlh cenluiy, Grade11 li5t& buildings. bl to 8dvan¢e tho 8du¢atlon of the public, in particular but notexdusively, in the herltage ol the area and Ihe arts. cl be a communily hub and contribute towards improwng 80¢ial capitsl through volunieering.
Trenan¢o Cottagos Nèwquay Registered numlJer-. Trustees, Report 06857630 The main concern and objectivè for the y8af was (wr linanaal surwival during pandamlc lo¢k downs by sècurlng hèlp that th8 government offered. We also ensured the safety and well belng of our v(4unteers, when Nve did open by followno a strict COVID risk assessmenl and providing str8ens, masks. sor$, nollces and hand sanltlzers. Wè were awardèd a grant from Ihe Lottery Fund SoutlTrwesl during 2017 and Ihis has ats1@d u8 to employ a Devolopmenl Manager, an Admin A5sislarit and 8 CarelakeT. Rlsk ManagÈmenl The Iruslees have sssessed the major risks to whicli the cliarity is exposed, in pariular th08e rèlaled to the opérations and finances ol the eharity and are satisfied that systems are In pl8ce lo mitigate our exposure to the major risks. Organlsatlonal Structure Trusle&s meet Month and are respongib18 for lh8 strategic diraclion and poh'cy of the charity. Cutrenuy there are 13 Iru5tees. the board ol trustees are responslbl? for the day to day runnlng ol the charfty. Publle Bèneflt The trustees confirm that thèy havè r61erréd lo the ould8nc6 conlalnad In the Charity Commlsslui's general gukJan¢e on public benefit when reviewing the Trust's aim5 and objectives and in planning ftslure activities and piolects. Flnanclal rèvlew The chaiity had an overall surplus of £6,464 lor the year ending 31 Dember 2021. 01 this. a defiot of £6,556 belorg transFpr8 relgles lo r8stricled funds. The deficit is covered by funds brtsughl forward. Unrestricted funds have creatsd a surplu8 01 £31,91 g arislng mainly from the rental incom8 that th8 charity has colléd8d now Ihat tho cotl&oes can lully ulilis8d.
Trenance Cottage$ NBwquèy R8glslor8d numb&r: Tru8te88' Report 06857630 L¢vel of werves The Iru81ee8 have con81d&rod r88eNe$ of the charity. They consider ihat the balance at the year end ol £100.863 ig required to help sus18in Ihè op8ralkons of th8 ch3rfty over the next Iwelve monlhg. Roapon#lbllltlès of the Trust•ts The charity trustees {who are a180 the director8 ofthe Trenance Cottages Newquay for the pursX)8es of company lawl are iesponsiNe for pr0rIng 8 Iruslees, annual report and finandal Btatements in accordance with apiCable law and United ngdoM Acwintyng Stand8rds (Unlied Ktngdom Generally Accepted Accounting Praclicel. Compeny lawqUIreS the chaTIty trustees to prepaT8 financlal stai8m6nts for èach flnandal y8ar which give a true and falr wew ol the stale ofthe affairs olthe chBritaNe company as atthe b8lanc8 sheet date and of lis incomlng regoureés and appllcallon of resources, Includij ne and expenditure, for the financial yeaT. In preparlng Ihose finanGI81 ststements, the managemont commlttee are required to.. - select suitable accounting policies and then apply them consistenlty,. - observe the methods 3nd princlples In the chae$ SORP.. - makeludgemenls 8nd esUmale8 that 8re ieasonable and prudent., $tat6whether applicable UK accounting standards have been follgwed, subked to any malerlal departures d18closed and explained in the finanrA81 stalemenls., prèpArè the financial ststèmènls on thb gtiing con b351s unle85 Is Inapproprfate to a85ume that the cheritab18 company wll continue on that bas18. The Iru81¢9¥ are ¥pOnSIbl for m?Infanlng propor 8CCOUTiting TecDrds disclose wtth reasonale accuracy al at)y rne Ihe finan81 position otthe charitabl8 company and to ènable them to ensure that the finandal slalemenls oomply with the Companies Act 2008. The TIu8lees are 8180 rtr$pon81bl8 for Baf8guardlng the a888ts of the chatltable comp8t)y and hence forlaklng reasonable sleps for the prevenuon and deÈedon DI fraud and ¢lher IrreUl8gS. .7Affd s1gn¢d by Ils order. Thls reFQrt wa$ approved the board on Mrc risB Trustee unt
Treriance Collag&8 Nowquay Indepeiidant Examinor's Report to tho Trustees ot Treiiance Cottage$ Newouay I feport on Ihe accoullls of th£ Ltharity foT Ihe year eoded 31 Decernber2021, whith are Sel out on pages 6 Re$pe¢tlve rè8pon$lbllit18s of the trust&e8 and examlner The Iruslees ere also th8 dlfftrtors of the Gomp8ny for the purp08es of company lawl are responsSblÈ for thé propsraOn of lh8 a¢nIs. The charltvs trusie&s consld$r Ihat an audN Its not re4ulreO IOT Ihlg year uiider S&dh)n 144 of th8 Charilles Act 2011 Ilhts Charillè$ Act) Ènd Ihai an kndtrpendeni ex8min8ilon Is needed. - èYAmliiè the accounis under se¢Von 145 of Ihtr Charllles Act., ID follow Ihe p[oceduS IBid dibwn in Ihe Getheral Dlreclions glvèn by thÈ Charily Commlsslon undÈr 88ciion 14515llbl oflhg Charllle5 Act: 811d - Io Elate whelhpr p8rtlGular malltrÈ hav8 me to my altÈniion. Ba816 of Ind6yohd•nt 6xamlt)eFs siataln6rit My èxamlnalion was tarfled oul In aceordanco wllh Gener81 Dlrecik)ns glvw) by IIM3 Cliarlly Commlssk)ii. An ex8mlngllon Indudes a ravi8w of accounling record5 kept by the Gharlly a COrnP8Tison of Ihp accounts preseiiled ihose rrds. 11 also Indud8s nderlI017 ol any unusual il&ms 01 disdosyre5 in IhÈ 8ccounls, aftd sÈÈklng ol éxplanallons from Ih Irusle8g conc6rnlng any such mallers. The procedures undertaken do not proVe 811 the eVen Ih8twould be requireil Iii an eudll and, coTrsequeniiy, no oplnitsn 4$ ylv6n as io wther ihe accounls presenl £ 'lrue and farr vlew. and ihe report is Iltnited lo Ih05e Inailers sel oul In Ihe slalemenl below. iidop•nd8111 examln8r¥ 81atomeiit n conneellon th my examlnallon, no matter has come lo mysllenllon lo Incllcgle Ih8t'. CCL¥unliNg records have not been kept in 8cGordencg 5ecllon 388 pf the Coffjpanie$ Acl 2006,. lh2 attounls do not attord Wlh such rÉcords= wh6r8 acco1$ are prepared on an accru8ls b8sl$, wheihe.r Ihey fall lo ColDp th relevanl accounling requlrernenls undersetlion 396 Dfih8 Comp2nl25 Acl 200B, or are not consistenlwlh Ihe CharilteE SORP IFRS 1021 any mallerwhich Ihe examiner belEve$ Ehould be dT8wn to Ihe atl8nllon 011 readerto galn ¥ proper nd&rslandlng oflhe 8¢uts. N811 H2llÈm FCCA Cr&ne & John$lon Chartered Certlfied Accountants 80-32 TrÈbatwlh Crescènt Newqu8y Colnwall TR71DX t)81eO
TrenanGe Cotlages Newouhy staiémo111 oi fimntlal tt¢livllltrs I1clUdIng Income aTrd expeiidllure acGOUlItI lor th• y¥)rèiid4d 31 Dècèmb8r2021 RtrICI•d Notss funds 2021 2020 Iilcom4 and ènd0vAElltsfrorn.' 8110n£ IA88 Ih88 23.93% 3.970 14.SbO b,746 6.1S2 6.850 29.881 3.970 14,590 6,74e ,IS2 21,489 1.804 15,200 3.313 1.406 FUNC0 hwe T&4rooni&8hop renl Olhor Ineomo Fundralslng Intttym&fr¢in ¢thèrtr8dliw o¢tlYlll+$ 1.075 1,075 Totol $4,OD2 GItabl• acllvlUe$ 24.759 13.4aS 38.185 37.139 other 1,)74 1,574 1,237 Total ag.639 39.376 11gtlii£omgllèxpgDdllur• 51.819 18,55ei 25.363 £,484 Tiansleih bei4veenfund3 18,5561 25.3$3 6.484 RecoiicUlallon offvnds.. Toia1 Ind$ brouthtlotvrfard 68,944 689,171 758.115 751,661 Yotsl carilBd lowrd 100,BOJ 2.Q45 7•J 758 115 Thg 8ialem9nlot adMI95 alBo ComleS wlth lh$ qleMBsfO1 an Incomg eXpeIlUre oceovnl der Ihe Cornpanle8 Ad20(*.
Trenance Cottage5 N8wquay Balance Sheet as at 31 December 2021 Notes 2021 2020 Plxed a$Bet¥ Tangible ossels 684.108 680,209 Current aB$ets Stocks Debtors C?8h 8t bank and In hand 4.156 14,283 88,2eo 1(,719 2.740 3,791 79,565 Crodltor8: Amounts tslllnll dug wlthln one yoar 10 17.3491 18,1901 Not current aBSets 99,370 77, Total net assets 783.478 758,115 The fundj of the charfty: Unrestrlcled funds Restricted fvnds 11 12 11x1,883 682,615 66,944 889,171 Total chaTIty funds 783.478 758,115 The lrtsstees are Sallsfied that the rL)rnpany1s enliued lo exemption from lh8 requlrement to obtsin an audlt undpr sedon 477 oflhe Companles Aot 2006. MembeTS have not requlred the company to obtaln an atyjlt In accordance vAlh 8ecUon 476 of The trusle89 ac.knowledge their ¥espon8lbll6$ for tMplYIng wlh the reqrements ol t8 Companies Act 2006with respeci lo accountin9 records and the prepargllon ol 8ccounl8. The accounts havo been prepared in aCCdanCe wilh the provisions in Part 15 of the Componle$ Act 2006 8pplk4ble lo companles sut4ect to th8 srnall companies re9lme. C Blount Truste¢ J P Willmolt Trustee Approved by the board on .
TrolF)ii¢• C0tlagty8 Nawquay Notes to Accoun1$ for IhÈ year elided 31 Ddc8mbÈr2021 Acc11110 polltlBs sls ofpToparnlloii The %t8iewenls h8 been piepared in accordanco vlth Accounling and RBpDrtlnu by ¢h¥thes'. Statwenl d ReCoMThd¢d Pradico app1¢ lo ¢hariU¢5 piopadng 4ccwnls e¢ccid8n¢è Wilh Ihe Flnancwl R&pOn9 Standaré in ihe UK and Repubiic of Ireland IFRS 102), lh8 chan15 Ae12011 artdthe Comp1&5 Acl 2006. Donèllan4 and 4lh&r volwtsry Inttornè ars retQgnlssd as In¢oTring rgwurco¥ when rfjcdvable, exceptinsolorasth&yaFe Incapable of meBsui&ment. GrAnl$. IndLlno grènt8 the pchÉS0 ol fixed a99è1i ale iécoonlsÈd In lull In Iha &alenI of Flnan¢Fal AcVIe$ Intheyr iDwFuth IhÈy receiwblÈ. Whgn donors Sp9[Y lal d(lia[S gnd grgnls glv8n io lh• chaNy be used future accourtI perfod.the Incom81$4eferred untll Ihose partod8. l(KxJmlnu fiom thg1itawe8rtlty8[eOrc0ledIOrWhen eaTed. Expendllur& Is recogn1d Dn¢& iheFè is É legL4 or consirutt5v8 OL4bjtsrt lo m8k& * psbThnl to a INI( Wiy. It 15 prob8blB th setllernenl Yitt bè 4red aryl the amourt of thè obllgi¢n ¢4D ba mpawred dy. ¥xpen(kIureisdassifd unde[111n9 a]tyeg'. CharitalAe a¢11 compdsès thosè ¢0$19 IUr1ed by the thAiity In Ihe (I £¢lIeS èn aer¢¢6 for itg bèn¢1&3.1I includts knoih ets9 thai c8n allocaied dlrediy sutth and thosè eOBts alan Indirednsra ndtÈssarytts$upptsrtthÈtsL Ohorexpondllufe repl&TrI$lhO$K8MBnl Idlng Inioany olher hoadlno. I C03t$ e ÈIloced bètween th& VApèndilufe ¢&eoorie3 of the &alen]t ol Acllvdly on bagls its iÈnè¢i I 01 I1 raUred. Cttsls rèblino to a pJrti¢vl4[ adlwly th[edly. Thnglblé flKèdASSOts widdèprèclatlon f?ngiWefixed assets ale sla1ed al cosl less dewedallon. Depied?bon hgs been yov4ded al tho 1419$ In ofllh4 a$Fels oveFlhglr e6llmaiod liv48. 1rtdiwdu X&6&1 Cosliw £600or m0rnsrèeèI8Iy&6 toai. PropÈrfy noic1Jerttd nÈCaasaryg5 bvildingy hsya pn Infi•i19 Ilp EqUInI 20% peranrtum slislght ba2 FliianctslhisfAuwepts Tht charily Qllly has Inanclal aSe19 and IiBbllllè& of a that guallly as basiG fitIll in¥ltumertts. Bac fina1 In¥tiumont¥ ar¢ Ini114ty rrfounlsed 41 Ir4n$all V¢ 8ub¥equ¢rtty rn8&8uigd alheir$wilfjmenl valu8. unreStrt¢lfnd8a1Ova1l&PlOJpaQll Ihaifurther4nyof Ih&purpD895 oflhecharlly. ftestrÈd ltsnda ara sh¢l to Sp1¢ condbjons by donors orant mallno bod8 85 Its they bB useThe9rpase8 and ofthe reslllded funds aiesetoulln Ihe tleS1O Ih8gccauDL%.
Tr$iiarnce Collaoe$ NowlaY Notes to 1119 A¢¢ounls lorlheyear ended 31 DBGenib&r 2021 2 OpwotlThu surplus 2021 212 Th1s1s Jt&&d 18rrth3rging'. Dewacln tsfwd llxed&s$e J Taxatlon Th8cl)8OLgblBwmpanylsexornptfr(Yn ¢wratknn1g%dnii#chsth8blètithts8. Trustèès Nonèolth•tru8teeslorBnyper£ong ¢onneCtedl¥ithlhIj r4c4iv¢d YlenarQllOn durkng thè wrfod. Non6ollholrustfj85{oranypei8on$ryecte0lkn I1)195 p8ld exp8n%8s dudn9lhgpvriDd. 2021 2&20 Charltable HeItt¥S Items pu[GhoS lorrèsa1¢ enca8 Fund14nI oxpenBe5 3.309 404 1,829 404 650 2,186 Ckanlno ghland heal RepaIrsaj maTThtenancg Reies Rent Tephffje Ès 1,693 4,929 4.190 616 848 f,B89 57 f,$96 AOv8rtislw Siatloneryand pilnllno 1.329 subscript5 180 21,75$ 222 16,259 Sundryexpenses OIIIOT oxpthdllu Awunlanry- lThlependont Exwrinalvj LegEA &p¢ole5£knnalfee$ Bankch8rgE5 919 13 305 1.237 420 1,374 Total •xpgndllur¢ 39.539 8 W4go3 &SalAribg 2021 2020 Wa083 & saLryrfe5 21.766 lh8rdTe n418rnOyeoSWho8Sem(1urnIg were£60.thJO ormre. Numbgiof4mployees'. 2021 IlubAr 2020 Number Average numb?r[lI11rn& 8qulv4bnlemphy4esduringlh8 pgriod
Trenancé Coti&ge8 N8w4uay Ntstes to the Accounts for tliey48r eiidad 31 Oa¢ewbgr 2021 7 Lgg)I Stalus of ChavNy Tha chafity is a companyliwlud ond hgs llQ sha[f Ihe evÈnt¢fth&eharfiy belng wound up, lh&b91Y1n rOSpe clboguwlefj Is Iniit¢4 lo£1 por mtmbei dlh chAfily. Thè¢hÈtiiabi cnnY Inworated 1119 UK 18 regithred In Comw£ll. Tha princlpd of bvslnes> 1$ Tiertèn¢eCllès,TttTrdftctrR0d, N8vffju8y. Ctsrtwall, TR7 2HW. l Taiiglble hxèo a66•19 PIBntand macliln&ry Land ond Total Cost Ai 1 Jallary 2021 Add% Ai 31 De¢mbw2021 878.878 975 679 653 37,577 4,920 42,497 716,255 5.496 722.160 D•ptscla11on Ai 1 January 2021 Chargeforthe wr Ai 31 DÉC21 2021 36,046 1.9 $8,042 36,146 1.96S Nel book At 31 Dec?1 202% 4,455 s.18 Al 31 DÈcttnknÈi 2020 678,678 680.209 The TruEtg01 cond•i lkn lo hevo qn InfiTrI Ilie and have ther•fow agreed Ihal 4epreclaibn18 Th)t iegulred. 9 Dehtord 2121 2020 Ouierdebiors 10 mollnt* f&llln# duèwhlikn Ohthyèar 2121 Tr&docr8t0rs Oihercfediiofs 3.001 1,250 4.840 7340 lfj Vnr051rl¢ted funds 2021 2020 Al l J8nuery 2021 as oU51t8d SurF4usforlheyear Trartslerts Al 31 D8c8mbar2021 88.944 31.919 53,186 15.758
Trenaiice Cottages Néwouay Noiès lo thtr A¢¢ounl¥ f¢itho yoar¢i?dèd 31 December 2021 12 Rostrktgd fud3 InGoThkny r¢sourfjos ExpllndMul8 Tréilgfars IstJAIIts8ry )Isiot¢&mbor Renovation ofcoliag• Mèklfig Trensnca HerhaB$Coii2gJs 678.878 678,678 10,493 SQ 13.aO8 3,937 6eo.171 6.860 13.406 682,616 RenoVEbon ofeollatte$. v8Aous gfanis hdvfrbetn recélved l(Ywaid3lhè rep81rin)& ie3iOring c{Trengn Coli8w6 mmunilymèènts 3Ce & h&rfiaDaceniie, Th& NlDIndewttrttHerit L¢uery Fuftd Ind TA. MalJng Tignancg HeTllagg Collagts$ Suslalnabl8 D8v$WThJ Nw UGg5- prolgct Is belng lun¢ed by il]9 Hgrilgug Ltèry lund. Tlia [(n9 enable Ihe th4rily lo recru stoti io mgn8g& ihg laS Io¢u8 on th8 lulur8 ddveloFthenls01 the oro8n1s8lfi.ThI$ prole¢lce&sed on ts111%2fj Ihebalance on lh1316 Y8pre8existhe NBVol theasselSwhhl bedeprédÈtÈdo¥erfLUrèy&ars. f? AolyA19 of Thèia991t9 Unr45iYki•d futsds Rosirlct•d lunds Tot•1 luIS xÈd o%sols cUent$seiS 1,493 10ts,719 e82.¢16 é84.iD8 1(,71$ 7.ts4è 882.¢15