2024-05-18-accounts - Cornhill Community Action

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Cornhill Community Action CIO

Trustees Report for year ending 18[th] May 2024

Chairperson’s report to the AGM:

“During the year William Carrington and Anne Legge have resigned as trustees while Mark and Linda Crouch have been appointed. We welcome them to CCA. During July last year the exterior was redecorated with high quality materials and we thank Mark for this. The wireless broadband was installed and commissioned in August. In September the new boiler was delivered, but for various reasons was not working until 3 months later. I am very pleased with its performance. An interest-free loan from the William Leech charity was accepted to cover the shortfall from the Community Chest. This will be repaid over 2 years. As part of the heating scheme the large fan convectors were fitted with thermostats and a frost thermostat fitted in the north-east corner of unit 2 Owing to the illness of the installer, heating pipework was not complete until December, after which the boiler was commissioned by the manufacturer’s agent. In January the trustees finally obtained on-line access to the bank account and a treasurer’s spreadsheet was drawn up and handed to Linda as our new treasurer. A grant of £5000 was received from the Foyle Foundation, principally for the conversion of Unit 1 involving a new external door, a light tunnel and 2 local water heaters. A similar heater has been installed for the toilets but owing to the non availability of an electrician, all three still await connection. Both electricity and water have been re-connected during the year but neither has been straightforward. The Energy Ombudsman was called in to force Yu energy to render proper monthly accounts. I recommend a change to an Octopus charity account. Until the matter was recently resolved much more reasonably, we refused to pay any of the Water-plus bills of several hundred pounds per month but we have now reached a final settlement. At the trustees meeting in March, it was resolved to change the tenants’ lease as regards changes in the rents. In future rents will be agreed by the trustees and come into force all together on 1st June after the AGM each year”.

Martin Devon, Chair

Independent Examlnef s ReporttotheTrustees ol Cornhill on Tweed CIO l Teport on the accounts ofthe chaiityforthe star ended IV 14ay2024¥•hich are set outon pages 2to 7. Respectlve responslbiilties of trusteesand examlnei The charity'strustees are responsible forthe weparation of the accounts in accor(lancewth the terms ofthe Charities and Trustee Investment Iscottandl Act 2005 and the Charities Accounts Iscotiandl Regulations 2006 las amendedl. The charitytrustees considerthatthe audit requirementotRegulation 10111 {dl of ihe 20(AcCountS Regulations does noi apply. It is my responsibllityto examine the accourrts as required under sectOon4411l Icl of the P£tand to state whether panicular matters have come to rny attention. Basls of Independert examlnefs slalement My examination 15 carried out in accordance wilh Regulation 11 of the 2006Accounts Regulations. An examination includes a review of the accounting records kept by the charityand a comparison ol the accounts presented with those records. It also includes consideration of anyijnusual ttems ordisclosures in the accounts. and seeks explanationsfrom the trustees concemingany such matters. The procedures undertsken do not prowde all the evidencethatwould be required in an audit, and consequentty l Oo not express an auoftopinFon on Ihe wewfftn byiheaccounts. Independent examiner's statement In the course of my examination. no m8tter ha$ come to myattention wthich gives me re8sonable cause to believe th8t in any material respect the requirements- to keep accounting records in accordance with Section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations to prepare accounts which accord with the accounting records complywith Regulation 9 of the 2006 Accounts Regulations have not been met. or 2. to which, in my opinion. attention should be drawn in orderto enable a proper understandlng of the accountsto be reached. Name.. C8roline Dougi8S Relevant Professional qualrficationlprofessional LNJdy. NIA Addfess: The Chesters. Cornhiii-on-Tweed. Northurnberiand. TD12 4UE Signed". Date: 25 February 2025

CHARITY COMMISSION FOR ENGLAND AND WALES 1194535 Recei tsand ments accounts CC16a Forthe perrod To 18th May 2024 Section A Receipts and payments Unrestricted funds Restricted funds Endowment furKIs Total funds 75t A1 Recel ts doro11fy)s and lewes 9.473 1970 17.C 154 9A73 1970 17.0(Kl 154 219 Ternts thilily payments Grenls Credit Ird$ miscellan5 ross income ARJ set an see table . Investment sa tota 35.665 A3Pa ents Utilitie5 Ckaning and mwrtert Misc (incl tKildin9 wJrksl Lo*) rep8ym Q352 1,737 18,399 11,250 352 1,7 18,¥J9 11.250 Sub total 37.739 A4 Asset and investmènt nla Sub £otal 37.739 37.739 Net of receiptsl(paymentsJ A5 Transfers between fufKIs A6 C28h funds last year Ènd Cash funds this year end 2.07 1074 CCXX R1 acnts ISS 0312025

Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted nds to nearest£ Endowment funds trj noarest£ Categories Dètsils 81 Cash funds Total cash funds Endowment funds to nearest£ funds lowt£ funds to neafest£ Details co10pti Currentvalue Dètalls Funrt ro whKh Details Cost lopt101) rri Currentvalije oval B4 Assets retainod for th• harity's own use Fund towhich 1SaNI Awount dutr When due nal Details BS Llablllties Sune£l by on8 or trustees on behalf of all the trustees S¢gna Print Name Date of Toval TrWl,trvC fft7Y) LDA C£ouc CCXX R2 acrxjunts ISSI 02103r2025