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 wh￿h are a15D
prepared lo meei Ihe re4uiYemenls for a ttirectQTS' repori and •ctounts ltsr con￿en￿5 Acl wrpose$.
Thg 1Snancial slalBmthls Gotnply wlh Ihg Char11108 Atl 2011, Ih8 Compani88 Act 2006, th8 MBmOr8r￿um
and Artl¢b5 Of Assoclalk>n, and Accounllng and Rèporilng by Charltlas.. Slatamefil ol RecemmÈnded
Pra¢ii¢e appli¢ablé t(p tharilies p￿palIng Ihelr accounis In acia)rdafice with the Fin8ncl81 Reportlng
Sl8ndard applkable In the UK Ropublk of li¢land IFRS 1021.
Refèrence Bnd Admln18traUv8 Inlorniatlon
Charlly namè
Tr&nanc8 Collalles Ne%wu8y
Company Reul$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 I￿nI11 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 cO￿red 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 ap￿iCable 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 poI￿leS 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 CO￿er￿ 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 a￿0
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 Ot￿rtIad￿V 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 br￿j￿h1 lorwaid
1￿,￿￿3
6ts2.615
783.478
756.115
rotal lund8 ¢arrlgd forward
661 631
769 901
The statement of fingnclal aollvmles also com￿1￿$ ￿1h th8 tsqulremenis foran Income and exp8ndliur6 account under Iha
Compan￿8 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 ReC￿￿￿ended Pracllca appI￿able 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￿￿[s￿d IA full In lh& S1818mÈnl of
FlnancFal A¢11￿¥18$ In I1￿ year Inwhlth Ihay ale re￿5¥&bI￿.
Whgn thr￿r$ B￿CIfY Ihal donalkjns and granls 9￿￿ lo Ihe thorlly musl bfy US￿ kn (ulure
pgrbd. the Income b defeired unll Ihose pertod$.
I￿(ANIng rosourcè8 fi¢m charfiablo act￿llY arè acc￿nIOd for￿￿0￿ è8med.
Expoyjdllure
Exp8ndilurè is r8cognisad ont8 thèrè Is 8 18gal or construtlivtr oblEgalth kn mÈke 8 paymgni lo a Ih5rrf
parly, 11 is prob&LIB Ihal selllemenl wll bg raqvired Ihe omounl ol the obllgath)n ¢8n be rn88SUfod
reliably. Expenditure Is classifwd un(kr tho following 8clivity heathngs..
Chariiablb attiivili8s compNIs8s Ihos& cos1> in¢uts8d ty Chaiily in thb ddkvery of iLs aclivlll85 and
sgrvice5 for ils b&n8f[￿ar18s. 11 Includes Ix)Ih costs Ihal can be albcal8(I dlreclly lo such actlvlues and
Ihose ws16 018n Indlrecl nalwe neeess8ry lo support Ihem.
0¢￿￿ ÈxpÉnd*luiÈ rapiÉsonls Ihosè iiems ftol falling wio awoihgr headlno.
All costs aFe alloca1￿ bOlw8￿ Ihe expendllure ¢alego1￿$ of Ihg Slalem8nl of Fina￿￿1 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$ets wpddeprecléllo
T8n9lL49 ll¥gd assets we slated al cost less depre¢￿￿0￿. t>epreGl8lk)n h85 bgen provkJ9d 81 th8 followlnll
18ttrs In ord¢r to WFlle ofTlho 8SS01s ovtrlhelresllmaled u8elul Nves.
Individual fi%8d assets cosling E500 ar more ar8 caplial￿￿d at C051.
ftoi consldèr8d ne¢ets8aryas buldlng8 h8¥e an In￿nI1& Ilfe
20% perannum on sIr&￿ht1In0 basls
Pfopgriy
Equlpmsnl
Slo¢ks
Stock is v8lu6d altho I(￿ar of c0818nd nel reall8a￿6v8kne.
Flnan¢l•lln8trumont8
Thè thBrity only fingnrlAI 8$sèts ￿nan￿￿1 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) acti￿110S.
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
cl￿nIng
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
ACCO￿nIanCy- 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 VI￿S6 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 Ilabl￿tY in re5￿cl of the ou￿11e6 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 D8￿mber 2022
12 ￿8t￿ctéd 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 Co1￿6$ 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 [Ur￿ed 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
L1abS1il￿s
973
94,743
T.446
88.270
681.631
662.604
94.743
769,901