Company Registration number 06857630 Charity Regislration number 1134308 Trenance Cottages Newquay Report and Unaudited Accounts 31 December 2023
Trenance Cottages Newquay Report and accounts Contents Page Trustees. rèport Independenl Examiner's report Slalemenl of financial a¢llvillas Balance shgel Notes lo the accounts 8-11
Trenance Cottages Newquay Tru5tees' Report for the year ended 31 DgC8mber 2023 chatable Company lrtforinatlon The trustees present Iheii report and accounts far Ihs yèar ended 31 D8c8mb8r 2023 wbich ar8 8180 pr6pared lo meet th8 requiTBmenls for a dtrgclors. r8POrt and accounts for Companles Act purposes. Thè financl81 slatemenls comply wllh th• Ch¥rilies Acl 2011. the companie Act 2006, the Memorandum and Arilcl8s of Asso¢letion, and Accounting gnd RèportSng by Chafllles.. Stsl8meni ol R8comm6nded Pracllce 8pplic8blÈ l(> tharilles prepar9 acthunls In 8%cordance wilh Ilio Flnanclal Repottino Siandar4J applicablé In lh• UK ¥nd Republkof Ir818nd IFRS 1021. RBference and BdMl#lslratlv8 Infomiatlon Charlly namè Tr&nancè Collages t4ewquay Company Reglster$d nuiiibèr 061157tL30 Charlty Reg15tertd number 1134308 Truste95 Mr Edward O'Dell Mrchrls Blount Mr Ron Fullwood Mrs Msws Warman rs J151 Wlllmoti Mr Davld Grav&8 lunlil 121h May 20241 Mrs Gllllan Moore Mrsvalerle Lolllnson Mrs Christin9 Davey lunlll t21h May 20231 Ihrchils Rodgtr lunUI 251h Seplemb8r 20231 Ms Sandra Walklns lu1 29th S8piember 20231 Mr Michael Jénkln lunill 1st Februgry 20241 Mr SIMon Femley Ms Flona Rlcklgppolnled 14111 Augu8120231 Mr D Satter lappolnled 241h Aprfl 20231 Cornwa11 CounG15 rtspresenlaliv8', Indendon* Exainlner Mr N Hallam FCCA Crane & Johnston 30-32 Trebath Cr8scènl Newquay Cormvall TR7 1DX Banker8 Lloyds FJ8nk PIC Cheslerlon Place 6 Chesler Road Newquay Coinwall TR7 2RU Reglster¢d olflcè 42 Penmere Dr& Newquay CA)rTrv TR71QQ
Trenancg Cottages Newquay Registered number: Trustees, Report 06857630 Governlng Document The organisalion is a charllable company limited by guarantee, incorpofftled on 25 March 2009 and regisle¥ed as a charity on 15 February 2010. The charitable company was established under a Memoiendum of Asso¢ialion whlch eslablish6d th6 objects and powers of the charllabls ¢ompany and Is governed under ils Artlcles of Associalion. In the evenl of IhÈ charitable company being wound up membors ar8 required lo contribute an amount not ex¢eeding £1. Th¢ a¢¢ounls complymnlh currant slatulory requirements and the charlly's governino doaumenls. Recruitment and Appointment of trustèes Th8 diieclors of the bumpaiiy are also charlly Irusta&s for the purpDse5 of charlly law and under the company's arucles are known as members of the Board of Dlreclors. Under th6 requirements of the Memorandum and Arti¢les of Assoc1alion, Ihr88 m8mbers ol the bDard of diieclors sland down ann11811y, in order of when they woro 1 sl ele¢led. Aller whioh, they musl be re-o1ocled al the Annual General Meeting. Nomlnal&d memb$ serve at the discretion of the nomin81ing body. All mémbèrs will be circulated with Invllallons lo nominate Iruslees prlor lo Ihe AGM advlsing the ol the retiring IrLJslees and requ&sling nominations for th8 AGM. New Iwsle8$ ara provided with a pack conlalnlng inlormaiion covering the followlng.. Ihg ¢onl&nl of tha m6morandum and artlcle8 of a$so¢l8tlon sel of re¢enl board papers and miniiles and dales of next meetings - annual reporis from the prevlous year Oblectives and Actlvllles Thg Charltable companls objects and ptln¢lpal acllvllles ere lo.. al promote for the benefll of Ihe public the preservalion, prolecllon and improvement of Trenance Cdlages, Newquay. The oo112ges are a group of late eighteenth and early ninèleenlh century, Grade11 Ik8led buildings. bl lo advance th¢ education of the public, In partlcular bul not exclusively, In the heritagè ol the area and the arts. c) be a communlly hub and contr1ble lowards improvlng soclal capital through volunteering. Review of acllvlties Trenance Cottages Newquay is a heritag¢ mus8um run mostly by Iruslees and a toam of volunlcèrs. Thar8 are three collages. one belng a funclion room. There Ss a reception and shop. Allached lo the museum Is a café anl language school. Over the past year the fundraising team and tru$l&es have organised various community events, and for the first lime plloled the winter sessions. Our function room ¢ontinues lo be used for vaiious ovenls InclLJding weddlngs, parti8s, busin8ss meetlngs, and community events. Rlsk Management The Irusl8as have assessed the major rSsks lo which the charlly Is èxpossd, in particular those r61aled lo the operations and finances of the charity and ara satisfied that syslems ara in placa lo miligale our exposure lo the major risks.
Trenance Cottages Newquay Registèred number: Trustees, Report 06857630 Oruanlsatlonal Structur8 Tnjslees meet monlhly and are responsible lor the slraltsgl¢ dirèction and policy ol the chaiily. Curienlly there are 14 Iruslees, the board of Iruslees are responsible for Ihe day lo day running of tha charity. Publlc Benefit Th8 Iruslees confirm Ihal they have referred lo Ihe guidance contained in the Charity Commission's general guidale on public b8ng111 wh8n revlewing the Trust's 81ms and oblocllve5 and in planning future aclivltles and projocts. Financlal revlew The charily had an overall (5eficil of £5,391 for the y68r endlng 31 December 2023. The d8fi¢il is Coveréd by funds brought foard. Delalls of unreslrio18d lunds held are mentioned In Ihe reserves policy below.
Trenance Cottages Newquay Reglstered number: Trusteos. Report 06857630 Reserv9$ pollcy The Iruslees hava considered the level of reserves of the ch8rlly. Th8y conslder that Ihe vnreslricted funds al tho year end or £83,862 Is requlred lo help sustaln Ihe operations of the charlly in the future. The Iruslees have Iingfonced £50.000 of these reserves as a conliryency fund in a separat& inter8St earnino bank account. Responslbllltles of the Trustee$ Th@ charity truslaes {who are also tha directors of the Trenanc8 Collages Newquay for the purposes of company law) are responslble for preparing a Irusletss, annual roporl and financlal slalements In accordance wilh applicablg law and Uniled Kingdom Accounting Standards (Uniled Klngdom Genèrally Accépted Accounting Practice). Company law require5 th8 chaiity trustees lo prepare financial slalemenls for each financial year whlch gNe a true and fair vi8w of the Slate of the affairs of the charitable ttjmpany as al the balance sheet dale and of ils incomlng resources and applicalK)n ol resources, including income and expendlture, for the flnanclal year. In preparing Ihose linanclal slatemenls. the managemenl commlltee are requlred lo.. soleot sullobla accounting polleies and then apply thèm con8lsl8nlly,' observe the methods and principles in the Charities SORP. make judgemenls and eslimales that are reasonable and prurfonl., stale whether appllcable UK aceounling standards comprising FRS 102 have been followed, subject lo any malerial deparlures disclosed and explained In the linanclal slalemenls- PTepar0 Ihe Ilnanclal stalom&nls on the goSng concern basis unless il is inappropriale lo assume that the charitable comp8ny will continue on Ihal basls. Th& trustees are responslble for malnlalnlng propér accounting r8cord5 whlch dlsclose wth reasonable accuracy al any Ilm6 Ihg financial p08ilion of the charitabl8 company and lo enable them to ensure that the linancial slalemenls comply wllh ihe Companles Act 2006. Tho Trusto6s arg also responslble for safeguarding the assots of Ihg charilable company and hence for taking reasonabl& steps for the prevention and deleclion of fraud and oiher if¥egularilles. This report was approved by the board on 26 SeplBmbor 2024 and slgned by118 order. Mr Chris Blount Truslee
Trènance Collages Newquay Indépandent Examiner's Report to the Trustees of Trenance Cottages Newquay I report lo the ¢harity trust66s on my examlnallcbn of th8 aceounls ol the charily lor lh8 y8ar ended 31 Decemb8r 2023. Responsibilitles and basls of report As Ihe charily's ttuslee5 of the Coinpany land also its dlrectors for the purposes of company lawl you are r88ponsible lor the preparation ol the accou{8 in aGcordan¢e with Ihe Feoulrements of the Companias Act 2006 Ilhe 2006 Act'l. Having satisfied myself Ihal the a¢¢ounls ol the Company are not r8quir8d to be audited under Parl 18 of the 2006 AGI and ar& eligib18 for independent examln8UoTr, I repotl In respect of my examlnalion ofyour ¢harily'$ accounts as carried out under se¢lion 145 of the Charilles Act 2011 fthe 2011 Aci'l. In carr5qng out rny exaTnlllalion I have followed th& Direcuons glven by the Charily Commlssion under se¢lion 14515llbl of the 2011 Aol. Independefit examlner's $tatemoht I have compl8td my ex8mlnalion. I conlirffl Ihat llo matters have com& lo my altènllon In conneclion with Ihe examlnatlon glvlng me causg to belleve.. 1. accounting records were not kept In respect ol Trenance Cottages Newquay 88 r8qulr3d by secllon 386 of th8 2006 Act., or 2. Ihè atrLthunls do not accord Mth those record8'. or 3. the accounts do nol comply wllh Ihe a¢¢ounting r6quiiements ol sÈcllon 396 of th8 2006 Act olhe¥ than any r8quiiement that Ihe acGounlb givg a'tru8 and lalr VIe whl¢h is not 8 m8ller consldered as pari ol an ind&pendent examination.. or 4. Iho aGt.oun(% hav8 not been prepared in ac¢ordanco wilh the nielhods 2nd principles of the SlateMerTrt ol Recommendcd PTactlce lor aceounling end reporting by charilles1gpplicablÉ lo charllles preparing their accounls In 8ccoidance 1 Ihe Fin8ncla1 Rtsporilng Slandard applicabl8 tn the UK Ènd RepuNi¢ ol Iré18nd IFRS 10211. I hav& no concerns and have come across no other matt8r8 in connèction Milh lh& examination to whlch altenllon should be drawn In thls report In order lo enable a proper under8t8ndlng of the accoun15 lo be rea¢had. Neil Hallam FCCA Crane & Johnslon Chartert)d Cortlnod Accounlanls 30.32 TrebarwÈih Cresc8nt Nawquay Cornwall TR7 1DX Daled
Tronance Cottages Newquay Statement ol Ilnanclal actlvltles Ilncludlng Incom8 and expèndlture accounti for the year ènded 31 December 2023 Raslrlcled funds Note5 funds 2023 2022 Income arnd èndowmgntg from.. Donatn5 621 621 3.311 Incomg from Gharllabb $ctlvllles'. Gr8nls rÈG8ivab Function [M hiie Tearotxn & Shop nt Other incim FuTrthaising 750 5,017 16,976 14,044 5.244 750 5,017 16,976 14,044 5,244 2,688 8,098 14.88S 9,553 3.910 Inconia Irom othèrtvadittg a¢tlvlllo8 515 515 553 Totol 4&167 43.167 Exwndllura on- 45.011 2.564 45,994 2,564 53,502 3,073 Other Toial 47,575 gr13 48.558 58,575 Nat exp?ndlture 14,4081 19831 lJf.3911 113.5771 Yranslgrs bemetn funds Not movement In ftsnda 14.4081 19881 15.3911 1145771 Re¢onclllallon or runds.. ro181 funds broullhl fotwwd 8B270 681,631 789,901 783,478 Total fuiids cavvlqd lorward 83,862 680 648 764 510 769 9ts1 Th& ststeméni of fln8ncial actnieS Blso conipll$2wllh th8 requiramÉni8 for 8n Income and expendlluro 8U1 under the Compan185 Act 2006.
Trenance Cottages Newquay Balance Sheet as at 31 December 2023 Notes 2023 2022 Flxed assets Tangible assets 683,098 682,604 Currgnl assgts Stocks Debtors Cash al bank and In hand 4,016 1,728 84,837 90,581 3,432 2,544 88,767 94,743 Creditors: amounts falllng du9 wlthln one year 10 (9,1691 {7,4461 Not current assels 81,412 87,297 Total net asset$ 764,510 769,901 Tha funds of the charlty: Unreslricled funds Roslrlcled funds 11 12 83,862 680.648 88,270 681,631 Total chaylty funds 764,510 769,901 The Iruslees are satisfied that Ihe company is eTrtilled to exemplion from the requlrement lo oblaln an audit under seclion 477 of the Companles Act 2006. Members have nol required Ihe company lo obloln an audit In accordance wilh section 476 of ihe Act. Tho Iruslees acknowl6dg& their respon8ibllllies for complyng wlh the requiTemenls of the Companies Act 2006 with respect lo accounting records and the preparation of accounts. The accounts havè been prepared In accordance wilh the proS1on5 In Part 15 of Ihe Companles Act 2006 apptlcable lo ¢ompanles subject to the small companles r8gim8. J P Willmolt Tiuslee TnFsteg Approved by Iho board on 26 September 2024
Trenance Cottages Newquoy Not88 to the Account5 for Ilie year ended 31 December 2023 I AEcountlng ptsllc1eG as15 of pr6par4llan The finan81 statemènts hava baen pr&pared1n attuJrd¥n¢s nth Att.rAJunllng 8nd Reporlln9 by Charftles.. siatemcni ol RecofflMeed Pr8¢ll¢e WpIEc8b lo chari11es prepaiiDg their a¢¢(wts In accordance wlih Ihg Flnanclal Reporting Standard aptdkèb18 in Ihe UK and Republc ol Ireland IFRS 1021, Ihe Chariligs Acl 201 I and the Compani9s Act 20(. Incoffle Dofialions, I$¢1$9 8nd olher forms of voluntary Inwme arè r8¢0ynlsed 8$ Ireoming resources wh8n Teeeivabltr, excepl InsolAI as they arg lJ¢ap8Ne ol financlal tn£aButymenl. Granls, irKludln9 gronts lor ihB purchase ef llxed 85sels. arè recogn18ed In full In Ihe $1gleml ol Finsnclal AclNlti8S In Iha yoar Inwhlch Ihay are re¢$lv8bl&. When donots specify th81 doD8lK)ng and grants glven WJ mu81 b6 used lft fuiure 8cwunling period, Ihe InGome is deferred until those perKJds. Incomlng rest0& from charllatAe 8cllvily erè accounied for when earned. E¥pendllure Expendlliim 14 recognised once Ihere Is & logo1 or cons1rli6 Obllgall lo make 8 payment lo a Ihlrd pBrty, 11 is wobabla that seWÉmérti will be reryJlTed Bnd the amoonl of Iha obllg8llon c8n bÈ Meesur8d reliqbly. Expand51uio Is ¢la$sified underiM folowlno ¥¢liwty headln9S'. Charitable activill8$ Compiiges Ih05e ¢osis Incrred by chBrity In lh8 dollvery of Its 9clivil and service8 for 11$ benenclarf8s, It includes bolh ¢otsts Ib81 ¢Bn ba slkntaied dlrecily io swh 8cl189 and Ihose G05ts of an Indlrecl nalur8 Trece888ry10 support them. Other expénditur8 r8pr8senis thosa Ilems not lalllng Into any olher hoa(Sing. Al ¢08ts arg a110tt81ed beiwew Ihe expendllur8 ca90¢$ ol the Slaiémoni ol Flfiancl81 AGllville8 on 8 b8s1$ des19 Io Tefl8GI Ihe US9 DI Ihe resource. Co$1$ ielaiiw lo a particular acllvlly 416 allocated Ilreclly. T8ny1b Ilxed 8sspls and dèprnolatlon Tanglble fix£d a$sels are sialad 8t cost ID&ts dq)To¢iaiioD. DepT8daUon h8s been wovkled al Ihe fd100 rales ill oiderto wrfle off Ihe Bsseis over Ihèlr 6sllm¥led useful lives. Indlvldual fixed ass61s ¢osllng È500 or rnore aTO cal811$ed 81 ¢ost. no1¢onser0d necessBryas buildlllgs hav8 an Infinlte Irfa 20% perBnnum on $11819hl line basL5 Property EqUmmI SfoGks stock Is v8lu8d al Ihe lowerolcostand nal fealisab1evaS. Flnancl8llrJslwmotsls charily only hBS financlal asséts and financlal liablllllas of 8 nd thai ouallfy as ba0 fiTh3nGlal Inslruments. Baslc finan¢i)I IrnsirumIS are Inlllglly rèwnl$ed gl tronsabon value and sub¥queDlly meatsured 81 Ihgir 891119tnenl Va. Fund8ccounikng Unr6$irlcled funds ore svailable to spend on gcthillles thai lunh8ranyol tho wrposes of IhÈ charfty. Resid¢ted fvnds Bre subl3cI to specltlc ¢ondlbons by donors wTrd gr8nl making bodEo$ as ID how they may btr used, The purposgs and vse$ of the restrEcled funds ar8 se101 In th8 *Ote$ to 8¢¢19.
Trehan¢È Cotlag•8 N6wquay No¢e8 to the Accounts for the year ended 31 Décembèr 2023 2 Operatlny Idaflclll18urplus 2023 2022 Th1518 staled afiar charglng.. Depreclaiion olowned fixed asset$ 1.353 3 Tax4tlon Th8 chari18blo company Is èxbmpl fiom wipoiallon tsx on118 ch8rllabl8 Bctiv*li08. Tru¥teÈ8 None of lh8 InJ&l6ès lor any persons conn8Ctéd ll1h Ihèml racèlvéd any remvn8r8llon durlng Ihd pbdod. None ol Ihe trusle8s lor Bny pgrson8 conne¢ied w5th 11)gmlw8s pa exp8ns8s durlno Ihe PÉkrbd. 5 Expendltur& 2023 2022 charitablè a¢tlvitks Item8 purchased for re$¥le LlwÈes FundT351w expenses Insyf8n¢8 CleBnlng Light 8nd heat Repalr8 and tngilltén3ncè Rates Rent Tebphone Tr&lnlng Advèrtl$lng Sl#ilonpry end prlnvng D8piecidllon Subscrlpibns Wagos Sundry Éxp8n$6$ 12.200 104 3.000 3.851 1,622 4.356 7.194 539 207 566 260 751 6,715 403 2,66e 2,507 1,540 2,918 22.830 815 1.067 130 1.504 369 8,364 814 128 8,937 315 45,994 otherèxp•ndSturo Accounlancy- Itependent Examln)tlon Leo81 & Professlonal feos Bank tharges 957 1.543 64 2,564 1.356 1.310 405 3,073 Total expendlturè 48,558 56,575 C Wagtrs & Salarlo5 2023 2022 Wagès & salarfes 8.937 B.364 There wore no empbyees whosè emdumÈrts w&re £eO,O(V) or wore. Numberol amp1oyee8- 2023 Numbèr 2022 Number Averaoa number olemloyees during the Ihead countl
Trenance Cottages Newquay Note8 to the Accouiils for th• y•ar ended 31 Decèmbor 2023 7 Legal SlalUS of chatY Thd th$rlly1s 8 company Ilmlled by ouaianlee h8S llo 9har2 CetAlal. In lh8 &vont of Ihe ch8rily b8lng Wnd up. the lbIlIty in resp8cl of lh• guar¥nleo Is Iimiled lo £1 per member of Ihe charity. The fATraillaNe comp¥ny was IncorporÈled In the UK ond 15 registered in Coinw811. Th8 prknclpal place of buslness 1$ Tr¢n8nce CA)11gg£s, TrenanGè Road, Newqtsay. Cornwall. TR7 2HW. 8 Tan9lblg Ilx£d as3Ot Plunt aiid ma¢hlnery Èlc L9nd aiid bulldlng5 To181 Cofjt Al l January 2023 Addillon% Al 31 December 2023 679,653 42,497 722,150 1,847 723,997 679 653 Deprcclallon Al 1 January2029 Char9e for tha yaar Al 31 Dece¢nb8r2023 35.546 1.353 40.899 3g,546 l.J53 40,899 Net boek value At 31 December 202a 679,653 3.445 6&3.098 At 31 Decpmb$r2022 079.653 2,95 682,804 The TN¥tee$ cODEar thé bulldlngs lo have an infinlle life havB tharefore agreed Ihal d&precl8lK)n Is nol requlred. 9 DobtorA 2023 2022 Trad8 d8blors Other debtors 2,083 461 2,544 1.728 1.728 10 Crèdltor#.' amounts lallln9 due wltlikn onè yo4r 2023 2022 Trade créditors Other vedllors 4,540 4,629 9.169 2.942 11 Unreslrlcted lund8 2023 2022 Al l January 2023 Do1 for Ihe Tran51eis Al31 Decembor 2023 88,270 14,4081 IQO.8 I12,5) 83,662 88.270 10
Tranan¢e Cottages Newqu8y Notes to Ihe A¢¢ounls for thè yèar ènded 31 December 2023 2 Rfr91rlcted ftsnds 88lanGg al 15lJanuary Iiicomlng rèsources Expendlttjre YrAiisle¥s Balan¢8 8t 3181 Do¢frmber Renovallon of Co198 Meklng Trenance HerltsP8 Collag6$ slalnable D9veloping New Uses 878,678 678,878 2,958 983 1,970 681,631 680.648 RenovalK)n of coll8ges- v8rlouB grants havé beén te1Ved toward8 the rep¥lrlng & resioring of Yr£ngncè Collages ¥s CommurY me81ino 8p8ce & herf18ge o8ntre. The malnfundÈrs w8ré Heritalle Loliery Fund and SITA. Maklng Trenance Herilaga cdi£g&5 Sus13inalAe D8velop1nu New Uses - Ihls project Is l)&lng funded by th8 H¥rflaga Lallery fund. Th8 funding vlll 6nab18 Ihe chaiilly to re¢rull staff lo manaoè lh6 collage9 Bnd locus on lh6 lulura d6velopmenis of the oiganlsalltsn. Th1$ piolecl ceased on 31112121 and Ihe bBlsno6 en thls lund rewesents th8 NBV of lh8 asse1$ whl¢a will be depredaied over lulure y93r8, 13 An•lysl$ of net assèts bel funds Unr8gtrkled lund¥ Rostrl¢tèd funds Total funds Flx•d assets Currenl asseis 2,450 9Q,5SI 680,648 683.098 ,581 8.169 764.510 680,648