Company Registralion number 06857630 Charily Registralion number 1134308 Trenance Cottages Newquay Report and Unaudited Accounts 31 December 2022
Trenance Cottages Newquay Report and a¢¢ounts Contents Page Trust8os' report IndepeMlenl Examlner's reptxl Statement of linanclal activili05 Balance shget Notes lo the accounts 8-11
Tr*nanc& Cottaggs Newquay Truslee8' Report for tho year ended 31 Dg¢emb¥r 2022 Charltable Company Informatlon The Irustees presenl their rep)rl 8nd accaunls (or Ihe year £nd£d 31 Dpcember 2022 whh are a15D prepared lo meei Ihe re4uiYemenls for a ttirectQTS' repori and •ctounts ltsr conen5 Acl wrpose$. Thg 1Snancial slalBmthls Gotnply wlh Ihg Char11108 Atl 2011, Ih8 Compani88 Act 2006, th8 MBmOr8rum and Artl¢b5 Of Assoclalk>n, and Accounllng and Rèporilng by Charltlas.. Slatamefil ol RecemmÈnded Pra¢ii¢e appli¢ablé t(p tharilies ppalIng Ihelr accounis In acia)rdafice with the Fin8ncl81 Reportlng Sl8ndard applkable In the UK Ropublk of li¢land IFRS 1021. Refèrence Bnd Admln18traUv8 Inlorniatlon Charlly namè Tr&nanc8 Collalles Ne%wu8y Company Reul$lorod number 06867630 Charlty Reglstor¢d number 1134308 Truste0S Mr Edward O'DeU Mr Chrls Bbunt MI Ron Fu11wood Mis Mavls W8rm8n Mis Jlll Willmott Mr Davld Graves Mrs GlllSan Moor6 Mrs Valtrrto Colllngon Mrs Chrisiino Dav8y InI11 12th May 20231 Mr Chris R¢dg8r M$ Sandra Walklr>8 Mr Mi¢hael Jenkin Mr Simon Feml£y M$ P Rick lepJk)iThied 141h Augv$l 20231 Cornwdll Councll represenlatwe.. Indbpendènt Examlnor Mr N Hallam FCCA Clan8 & Johnston 30-32 Tr8b8NAlh Cr8sc8nl Nwqtjay Clmnwall TR7 1DX Banker Uoyd5 Bank PIG Che5teFlon Plac9 6 Ch051er Road N6wquay Cortwall TR72RU R8gl8t8r8d offl¢8 42 Penmere Dri¥e N8wquay Cornwall TRY IQQ
Trenance Cottages Newquay Reglstered number: Trustees. Report 06857630 Governlng Documgnt The OTganlsallon is a charilable company limited by guarantee, in¢orpoialed on 25 March 2009 and registered as a charily on 15 February 2010. The charitable Company was eslablished under a M8morandum of Assoclalion whiGh established the objecls and powers of the charilabl& company and Is governed under ils Arli¢l65 of A5sociatlon. In th8 event of th8 0h8rllable comp8ny belng wound up members are required lo conlrlbule an amounl not exceeding £1. Th@ accounts comply wilh current statutory requirements 8nd Ihe ch8rily'8 governing documents. Recrultmont and Appolntment of trusteès Thè di18¢lors of th8 company are also charily Iruslees for the purposes of charity law and under the companvs 8rlicles are known as mambers of tha Boafd of Dlreclor8. Under the Tequiremenls ol the Mgmorandum and Artides of Association, three members of the board of direclgrs sland down annually. In OTder of when they were 1 sl elected. After whlch, Ihoy musl bè re-elected at the Annual General Meellng. Nominated member8 serve al the dtscrelion of the nominating body. All members will be clr¢ulaled with Invilalions lo nominal8 Irusl88s wior to th8 AGM advising Ihem ol the reliring Iruslees and reque51ing nominallons for the AGM. New trustee8 are Pfovlded th 8 pack containing information covering the following.. - the conlanl ol th& memorandum and ariicles of association sel of recenl board papers and minules and dalo$ of nÈxl meallngs annual reports from Ihe previous year Oblectlves and Actlvltles Thè charilable compaE)y's objects and principal aclivili88 are lo.. al promote f(x the benefit of the publlc the preservation, proleolion and improvgm9nt of Tr8nanc8 Collages, Newquay. Th8 collage8 are a group of late eighteenth and early nSneleenlh ¢entury. Grade11118ted bulldlngs. bl lo advanc8 the educallon of Ihe public, in parlicular bul not ¢xclusNely, in the hèritage of the area and the 8rts. cl be a communlly hub and conlribulg towards Improving soclal c8pi181 through volunleoring.
Trenance Cottages Newquay Reglstered number: Trustees, R8POrt 06857630 Tho grant for our Admin Assi$18nl and a Car6takèr has now finished and an an Imporlant parl of fundraislng and retail profit goes towards Ihelr wages. Our blggest Issue thls year has been the critical illness of our treasurer and findlng a replaGement. Rlsk Managemenl The Iruslees have assessed the malor rlsks to which the charlly Is exposed, In parllcular those related lo Ihe oporalions an(1 finances of the charily and are satisfied that systems are in place lo milloale our exposiire lo the major risks. OYgani83tional Struclure Trustèes me81 monthly and are responsl)le for Ihe slraleglc dlrecllon and pollcy ol the charlty. Currently Ihero are 14 trustees, the board of Iruslees are responslble for the day lo day running of Ihe Gharity. Publ1¢ Beneflt The l¥uslees confirm Ihgt Ih8y hav8 referred to the guidanc8 contained in the Ch8rily Commission's general guldance on public bonefil when reviewing Ihg Trust's aims and objecllves and in plannlng future aclivlll88 and prolecls. Flnanclal revlow The ¢hafily had an overall deflGil of £13,577 for the year ending 31 Dec8mber 2022. This deficll has 8rlsgn dué lo necBssary repairs and malnlenance work belng carrled out In the year, details of which can be found In thè notes to the accounts. The delicil is cOred by funds brought loNard. Details ol unroslricted funds held are mentioned in the reserves pollcy below.
Trenancè Cotlaggs Newquay Registered number: Trustees. Report 06857630 Reserves pollcy The trustees have wnsidered the level of reserves of the charlty. Thpy conslder that Ihp unsreslrlcled lund8 al Ihe year end of £88,270 is required lo help sustain the operatlons ol the charlly the futurè. The Irusl88s have ringfenced £50,000 of Ihese ies8rves as a contingency fund. Re6ponsibllitles of thè Trustees The charily Iruslees (who are also the directors of the Trenance Cottages Newquay for the purposes of company lawl are responsibla for pr8parlno a Iru8lees' annual report and financial slalÈmenls in accordance with apiCable law and Unlted Klngdom Accounting Standards (United Klngdom Generally Accepted Accountlng Pracli¢el. Company18w r8qulre& the charity Iwslees to prepare financial slalemenls for each fSnanclal year whlch 9Sve a true and falr view of Ihe slate of the affairs of Ihe charitable company as al the balanc8 sheel dale and of118 IncomSng resources and application of resources, Including Income and exptsndilure, for Ihe flnancial year. In preparing those financial statements, the management commillee ar8 r8quired lo.. sdecl suiiable accounllng poIleS and then apply Ihem consistentl. obs8rv8 the methods and prin¢iplgs in the Chariti68 SORP., make judgements and eslimales that are reasonable and prudent.. slate whether applicable UK accounting standards have been follow¢d, subjoGI lo any material departures disclosèd and explained in tho fsnan¢i81 slalem8nls'. prepare Ihe financial stalemenls on lh8 going COer basls Ltnless11 Is Inappropriate lo assume that the charitable company will continue on that basls. The Irusle88 are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any Ilme the linancial posilion of the charitable company and lo enabl8 Ihem lo ensure Ihat the financial sla18menls comply with the Companies A¢1 2006. The Truslees are a0 r8sponsible lor safeguarding tho assèts of Ihè charitable company and hence forlgking reasonable slep8 for the prevenllon and detecllon of fraud and other IrregularS1ies. This report was approved by the board on 25 Soptembor 2023 and slgrsed by Ils order. s Blount Trusleg
Trgnance Cottages N9wquay Indopendent Examlnels Report lo tkn8 Trustees ol Trenance Cottages Newquay I report to the charlly Irustees on my exalmlnatlon ol thg awounls of the chaf5ty for the year gnded 31 December 2022. whlch are set out on pèg6s 6 10 11. Respgctlvo igsponslbllltles of the tfU$toes pnd gxamlngr Th& Iruslees Iwho are also the dlreclors ol Ihe company for the purposes of company lawl are responslNe lor Ihtr preparallon ol Ihe accounts. The charlly's Iruslees conslder Ihat an audit Is not requlred for thls year un(Ser secllon 144 01 the Charllla$ Act 2011 Ilhe ChaFltles A¢1) and Ihat an Independent examination 19 ne8d8d. 11 Is my responslblllly io.. exsminè thè accounts und&r seollon 145 01 Ihè Charlllos Act", lo follow the procedures laid down In Ihe General Dkecllons glven by the Charity Commlsslon 4Jnder section 14515llbl of the Charitles Act., and lo slate whether partlcular malters have come lo my all8ntlon. a818 of Independent 8xamSner's slatement My gxgmSnation was rrIed oul In accord8nc& th Genèral Dlrecllons glven by lh8 Charity Commlsslon. An examlnallon Inc1udè8 a rèvlew of thè #ccounung records kèpl by the charlly and a comparl$on tsf Ihè accounts pr8sEnted wlth Ih05e teoDrd5. 11 also Indude5 c0n51derat1( ol any unLtsual Items or dlselDsures In tho accounls, and soèklng ol explanallons from Ihg Iruslees concgrnSng any such matte¥s. The proeedures undertoken do not provide all the evidence that would be requlred In an audit and, consequonl5y, no opinlon is olven as lo wh8lhei Ihe accounts wes8nl a 'lru8 and fair v18vI and lh8 reporl is limlted lo those mallers s81 out In the slalem8nl bglow. Independent examlnerfs statement In conn8cllon wil* my ex8mlnation. no ma118r ha8 come to my altenllon to Indicate that.. acoountlng r8¢ord8 hav8 nol been kèpt In accordance seollon 388 01 the Companlès Aot 2DO6', the occounis do nol accord with such records.. where accounts are prepared on an ac¢ruols basls, whether Ihoyfall to ¢omply th felevanl a¢¢ounllng requirements under section 396 01 ihe Companies Act 2006. orarg not con8islonl wilh Ihg Chgriligs SORP IFRS 102} any m81t8r whSch Ilie examlnor boliavès should bts drawn lo the attenllon of thè readèr lo galn a proper d8rstanding ol thè accounts. Nell Hallam FCCA Crane & Johnslon Chartered Certified Accounlanls 30 42 Tr8baNhh Gras¢6nl Newquay Coinwall IHI 1L)X IL Iqli3
Trenance Cottages Newquay Slat¢m?nt of flnanclal a¢tlvltle¥ Iln¢ludlng In¢om9 aftd èxpèndllurè account) for thé yèar ended 3108c8mbeT 2022 Unr8st¥lcted funds Re6trlcted funds 14ot05 2022 2029 Donalk)Trs 3,311 3,311 1,488 Incomo from cliailtabla acllYlll68'. Granls recelvsb Funcllon r¢)orn hlre Tfraroom & Shop renl Othèr Incom6 Fundwalslnu 2,688 8,09B 14,865 9.553 3.910 2,888 8,098 14,885 9,553 3,910 29,881 3,970 14,590 5,74B 8.162 In¢omo frum OtrtIadV ac11¢188 653 1.075 Tp181 42.998 64.902 Expendlturg on.. Charllablo actlvltlos othor 52,518 3,073 84 53.502 3,073 36,165 1,374 Total 56,575 39,539 et lexp8ndllurellli)¢ome 112,5g31 113,5771 25,363 Tfansfer$ fund$ Net movement In funds 112,593 (9841 113,S771 25,363 Rgroncllljtlott of funds: folal funds brjh1 lorwaid 1,3 6ts2.615 783.478 756.115 rotal lund8 ¢arrlgd forward 661 631 769 901 The statement of fingnclal aollvmles also com1$ 1h th8 tsqulremenis foran Income and exp8ndliur6 account under Iha Compan8 Acl 2(rfJ6.
Trenancè Cottages N8wquay Balance Sheet as at 31 December 2022 Notes 2022 2021 Flxed assets Tanglbl6 assels 682,604 684,108 Current assets Stocks Debtors Cgsh al bank and in hand 3.432 2,544 88,767 94,743 4,156 14,283 88,280 108,719 Credll¢rs: amounts falllng due withln on9 year 10 17,446) 7,349) Net current assets 87,297 99,370 Total nol assèt8 769,901 783.478 The funds ol thg charlly: Unr8slrlcled funds RBSlriGled funds 11 12 88,270 681,631 100,863 682,615 Total charlty fund6 769,901 783,478 The Irusloes are sall8fl8d that Ihe Company Is entilled lo exemptlon Ifom the requlremenl to oblaln an audit under section 477 of the Companies Ad 2006. Members have not required the Ggmpany to obl8in an 8udS1 In accordan¢è with section 476 of th& Act. The Ifu81ees acknow18dg8 their responslbilille8 for complylng wi(h the r8quir8m8nls of the Companles Act 2006 wilh respeol to accounling f8cords and th8 pieparalion of accounts. Thè accounls have been prepared In accordance with Ihe provisions in Parl 15 of th8 Companies Act 2006 applicable to companies subject to Ihe small companies regimo. CBIO Trust88 J P Wlllmoti Truste8 Approved by the board on 25 Seplember 2023
Trenance Cottages Nowquay Not&s to th• AG¢ounf5 for Iho your endgd 31 December 2022 1 A¢counllng pollcleg Basls trfpr8p#rélloD The finandal slalem8nts have b8en préptred In occordartc& willi Aeeourfing Reporllnu by Char4116S'. stalemenl ol ReCended Pracllca appIable to chariiles prepaiing iheir accounts In 8cwrd8rbce wKh Ihe Fliiaiiclal R¥posllng SlatTrdard ¥pplc8blg in Ihe UK glld Repubmc ol Ir8land IFRS 1021, Ihe Charl¢S Acl 2011 and tho Compaiih8 Act 2006. Donallon8. d8s and oiher Iorms ol vdwlary IrKome ar8 ieccynlsed a8 In¢omlng r8ÈewcÈ$ wha r8c8lvablo, axcopi Insofaf ag IhKJy&re Incapthof flnaftclal mèasurémont. Gr8nis. Includlng gran1$ foi Iha purehesg of fbxed ag301s. are rac4[sd IA full In lh& S1818mÈnl of FlnancFal A¢11¥18$ In I1 year Inwhlth Ihay ale re5¥&bI. Whgn thrr$ BCIfY Ihal donalkjns and granls 9 lo Ihe thorlly musl bfy US kn (ulure pgrbd. the Income b defeired unll Ihose pertod$. I(ANIng rosourcè8 fi¢m charfiablo actllY arè accnIOd for0 è8med. Expoyjdllure Exp8ndilurè is r8cognisad ont8 thèrè Is 8 18gal or construtlivtr oblEgalth kn mÈke 8 paymgni lo a Ih5rrf parly, 11 is prob&LIB Ihal selllemenl wll bg raqvired Ihe omounl ol the obllgath)n ¢8n be rn88SUfod reliably. Expenditure Is classifwd un(kr tho following 8clivity heathngs.. Chariiablb attiivili8s compNIs8s Ihos& cos1> in¢uts8d ty Chaiily in thb ddkvery of iLs aclivlll85 and sgrvice5 for ils b&n8f[ar18s. 11 Includes Ix)Ih costs Ihal can be albcal8(I dlreclly lo such actlvlues and Ihose ws16 018n Indlrecl nalwe neeess8ry lo support Ihem. 0¢ ÈxpÉndluiÈ rapiÉsonls Ihosè iiems ftol falling wio awoihgr headlno. All costs aFe alloca1 bOlw8 Ihe expendllure ¢alego1$ of Ihg Slalem8nl of Fina1 Actl¥lllos Ofi 8 basE8 d881gn8d 10 r•flocl lh& use ot lh8 f88eiJr¢&. Cosi$ 18lallng 8 parb¢u1ar ara dlotatsd dtetuy. T&nulble flxed8s$ets wpddeprecléllo T8n9lL49 ll¥gd assets we slated al cost less depre¢0. t>epreGl8lk)n h85 bgen provkJ9d 81 th8 followlnll 18ttrs In ord¢r to WFlle ofTlho 8SS01s ovtrlhelresllmaled u8elul Nves. Individual fi%8d assets cosling E500 ar more ar8 capliald at C051. ftoi consldèr8d ne¢ets8aryas buldlng8 h8¥e an InnI1& Ilfe 20% perannum on sIr&ht1In0 basls Pfopgriy Equlpmsnl Slo¢ks Stock is v8lu6d altho I(ar of c0818nd nel reall8a6v8kne. Flnan¢l•lln8trumont8 Thè thBrity only fingnrlAI 8$sèts nan1 113UIth)s of a klnd thai ¢walfy 8s bÉsl¢ flnanelal Insliumenls. Baslc fln8n¢lal iDslrumenls are 5nllially recognlsed al Iran8atlDn value 8ubsequenlly measured al thelr seÉll8menl Yalu8. FundRc¢ountlnp UDrastricled l¢Jnds gre gvail3bla io spend on BGUvihes Ihat lurlh8r anyo[tt putPOSB8 DI lh8 charily. Reslri¢led funds ar8 sub]e¢l Io 6p8cfif ¢ondltbns by dowrs and grant maklng bod189 3$ its haw Ih&y may b8 U8ed. Th8 purp08e8 and u88s ol lh8 raswthd fu#d8 8r8 881 oui in lh8 noles lo th8 accoun16.
Trenanc• Gottages Newquay Notès to the Accounts for the year 8nd8d 31 Decemb8r 2022 2 Op•rallng IdtileJtll&uiplu8 2022 2021 Th1s1s slaled 8llei ¢harglnp'. L)epre¢laib)n of owned nxed ass818 1.504 1,996 3 Taxatlon The chartt4)Ip oompany IB exempl fr(Kn GorwtrTalk)n on Ils thaillabk) acti110S. 4 Trust888 None 011 trusieas lor any par8$ connected wblh them) rec&lvÈd any rèmuwalion duFing Ihe rtOd. None olthB lius&$ lorgnypbrsons connètstÉd wnh Ihtsml was pald oxpenses the pedod. 5 ENpendllure 2022 2021 Chariilblé 8etlvll& Items purchasBd br reBa19 6.715 403 2,866 2,507 1,540 2,918 22,830 3,3Q9 404 Fundia81ng expanses Insurancè clnIng L(qhland heal Rfypalrs malnl8nan¢e 2,1a6 1,593 4,929 E lj Ra18S Rent Telepho Tralnlng Ad¥Èriising SIBiion9ry Btul prinling DetX9clalk)n SubscrfpUon8 Wagas 3undryexpBnSBS 815 462 48 185 3110 1,067 130 1,504 369 8,364 614 ST 1.996 186 16,259 1,403 53.5Q2 3B,165 Olherexpendlture ACCOnIanCy- Indep8fLd8nt Examln8bon Legal & prol8sslonal f895 BAnk chargès 1.358 1.310 405 3,073 954 420 Total oxpendltu 6 Wago8 & Salarles 2022 2021 8ge$ & Bglarte8 8,3e4 ThÈre w8r8 no Èmpknyè&s VIS6 amolumen18 wèro E60,000 or morb. Numberolgmpfoy888'. 2022 2021 Nwnbèr Numb0¥ Av8r8g8 numbÈf DI full1kn8 éqthvalent¥mpknye88 durtng Ihe
Tr8nanc8 Collages Newquay Notes to tho Accounts for the year gnd&d 3108cember 2022 7 Lég¥1 8taiUS of Charlly Charty IÈ a company limii&d by yuaraniBB 8nd has no share capllat. In lh• gV0nl of th78 chaftly b8lno wound vp. Ihe IlabltY in re5cl of the ou11e6 Is limited io £1 p8r member of charity. Thè ¢harllafAo Company was Inoorpor&led In UK and is rggisleted Comwall. Th9 piinclpal tAace ol bu$ln88$18Tren8nco Cetia9e$. Tr•n8nc6 Road, Ntrwquoy. C(Knwall. TR7 2HW. Plant and ma¢hlngry el6 Land a#d bulldlng8 Total Cost At l January 2022 At 31 Deigtnber 2022 679,6 679,653 42,497 42,497 722.150 722.150 Depvaclatlon At 1 JanuBiy 2022 CbHrGB for Ihp ypar At 31 DBcèmber 2022 38.042 1,504 39.346 38,042 Mèl book valuo At 31 Decombw 2022 670 653 At 310e¢ember 2021 679,653 4.455 684,108 Yh8 Trusle8s con8ldor ihe bulldings to have an Infinlts lif8 8nd h8v8 Ih8r8fore 8greed Ihal depréclalk)n Is ol 18qulied. 9 0¢blgv$ 2022 2021 Tf8d9 d¢blors Olh8r dgblors 2,083 461 4.583 9,700 14,283 10 CiedltOTS'. amounts lalllng duo wlthln ono year 2022 2021 Trade creditors Qlher ryedilors 4,4 2,942 7.446 3,001 11 Unr¢$trl¢ted lunds 2021 2021 At 1 Jarwary 2022 IDeffcilVswpkns for Ihe yeai Trsnsler$ At 31 December 2022 100,863 112,5931 fjB,944 31.919 88.270
Trenanca Cottag&s Nawquay No1è8 to the Accounts for1118 year endèd 31 D8mber 2022 12 8tctéd lund• Bqlan¢w at 1st January In¢omlTrg r68oiir¢88 EKpendllurg Transfers Balanco at 31st Décèmbèr R*rKwalioTr of cotlaygs Mgklnu T¥eneDce Heritaye Coliou9$ Susialnablg Devekiptry New U9es 67e,078 678.678 3,937 1953 682,6lS 681.831 Renov8llon of collagas- v&ilDus 9rants tlaV9 been TeGBi¥ed lowgrds the rapBiring & tesk¥lng ol Tienance Co16$ as comrnunily meeting spacé & hgrilage cenlre. The makn funders wwo HeiMao6 Lollery and SIIA. Mthlng Tmantè Hortt8ga Cotl8g&s Sus&iTr8blÈ D6vÈlopino >JÈw Usè&- Ihts project l& bèlng [Ured by thg HerAau9 Loiiary fund, The fvnding wll 9n8blg Ihe charity to wiuil siaff io rn8nage Ihe oollages focus on Ihfr l&lur6 dayglopmgnls ol the orowlsallon. Th1¥ prole¢l ceas8d on 31112121 and Ihe baan¢8 ¢n thls fund r¥pIts3e[ lh8 NBV ol th8 assels wNch wlll ba dekY8clated overfuiuw yèars. 13 Analygls of nB¢ o5SQts botwevn fv Unrfr¥lrlGt¢d funds ReslrlGlvd Tolal fund FixÉd assets Currenl gssels L1abS1ils 973 94,743 T.446 88.270 681.631 662.604 94.743 769,901