Registered number: CE033956 Charity number: 1205266
The Polurrian Cove Beach House Trust CIO UNAUDITED ACCOUNTS FOR THE 531 DAY PERIOD ENDED 31/03/2025
Prepared By: Montague Kaye Accountants & Statutory Auditors 82 Reddish Road Reddish Stockport SK5 7QU
The Polurrian Cove Beach House Trust CIO
FINANCIAL STATEMENTS FOR THE 531 DAY PERIOD ENDED 31/03/2025
TRUSTEES
Suzy Black Andrew Long Grant Callaghan Richard Mulryne Simon Mitchell
REGISTERED OFFICE
Pedn-an-Vounder Vicarage Lane Mullion HELSTON TR12 7DB
COMPANY NUMBER
CE033956
CHARITY NUMBER
1205266
INDEPENDENT EXAMINERS
Montague Kaye Accountants & Statutory Auditors 82 Reddish Road Reddish Stockport SK5 7QU
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The Polurrian Cove Beach House Trust CIO
ACCOUNTS
FOR THE 531 DAY PERIOD ENDED 31/03/2025
CONTENTS
| Page | |
|---|---|
| Trustees' Report | 3 |
| Independent Examiners Statement | 5 |
| Statement Of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes To The Accounts | 9 |
| sofa Incoming Resources | 12 |
| sofa Resources Expended | 13 |
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The Polurrian Cove Beach House Trust CIO
FOR THE 531 DAY PERIOD ENDED 31/03/2025
TRUSTEES' REPORT
TRUSTEES
The trustees present their report and accounts for the period ended 31 March 2025 were as follows:
Suzy Black - appointed 18/10/2023 Andrew Long - appointed 18/10/2023 Grant Callaghan - appointed 18/10/2023 Richard Mulryne - appointed 18/10/2023 Simon Mitchell - appointed 18/10/2023
PRINCIPAL ACTIVITIES
The principal activity of the charity for the period ended 31 March 2025, was to further the saving of lives and the preservation and protection of health by the provision of facilities at Polurrian Beach Hut, for use by Beach Lifeguard Patrols, for Search and Rescue and First Aid Services and for the promotion of Training and Education. The Beach Hut also provides public toilets and shower facilities.
STRUCTURE GOVERNANCE AND MANAGEMENT
Suzy Black - Chair
Alan Brown - Tresurer
Simon Mitchell - Trustee Andrew Long - Trustee Grant Callaghan - Trustee
Richard Mulryne - Trustee
ACHIVEMENT FROM FORMATION TO THE 31 MARCH 2025
The charity set up the Board of Trustees which comprises of representatives from Mullion Surf Life Saving Club, Friends of Polurrian Beach, Hotel Polurrian and neighboring landowners. During the period the chaity gained the Council's permission to purchase the property 'Beach Hut' situated on the Polurrian Beach and undertake improvements estimated at £180,000. The rennovations include essential works to the seawall, improvements to the foundations, reconfigured internal layout and the incorporation of a RNLI watch room. During the period the charity recieved the majority of its funding from 3 Trustees, a related company and a local council grant.
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The Polurrian Cove Beach House Trust CIO
FOR THE 531 DAY PERIOD ENDED 31/03/2025
TRUSTEES' REPORT
CONTRACTS
Once the property was purchased, the charity tendered a contract for the renovation works with a local construction company and as at the balance sheet date 75% of the work was completed.
FUTURE PLANS
The charities priority is to complete the rennovation of the Beach Hut to enable it to pursue the charitable purpose, which is to provide a base to the RNLI and to provide amenities for beach-goers, free of charge. The charity has set up a crowdfunding appeal to assist the rennovation and running costs. The trustees have given their commintment to cover any shortfalls.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 30/01/2026
Suzy Black Chair
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The Polurrian Cove Beach House Trust CIO
INDEPENDENT EXAMINER'S STATEMENT
FOR THE 531 DAY PERIOD ENDED 31/03/2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE POLURRIAN COVE BEACH HOUSE TRUST CIO
I report on the accounts of the company for the 531 day period ended 31/03/2025 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £25,000, I am qualified to undertake the examination by being a qualified member of ACCA .
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
Lisa Skopek FCCA
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
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The Polurrian Cove Beach House Trust CIO
INDEPENDENT EXAMINER'S STATEMENT
FOR THE 531 DAY PERIOD ENDED 31/03/2025
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
...................................................
Date: 30/01/2026
Montague Kaye Accountants & Statutory Auditors 82 Reddish Road Reddish Stockport SK5 7QU 0161 480 4455
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The Polurrian Cove Beach House Trust CIO
Statement of Financial Activities for the year ended 31/03/2025
| Income Income from generated funds Grants received Donations received Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Net funds carried forward |
Unrestricted funds £ 10,000 49,001 59,001 1,641 1,641 57,360 57,360 57,360 |
Restricted funds £ - - - - - - - - |
2025 Total £ 10,000 49,001 |
|---|---|---|---|
| 59,001 | |||
| 1,641 | |||
| 1,641 | |||
| 57,360 57,360 |
|||
| 57,360 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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The Polurrian Cove Beach House Trust CIO
BALANCE SHEET AT 31/03/2025
| Notes FIXED ASSETS Tangible assets 2 CURRENT ASSETS Debtors (amounts falling due within one year) 3 Cash at bank and in hand CREDITORS: Amounts falling due within one year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 5 General fund |
9,660 629 10,289 1,500 |
2025 £ 48,571 8,789 |
|---|---|---|
| 57,360 | ||
| 57,360 | ||
| 57,360 |
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 30/01/2026 and signed on their behalf by
.............................
Suzy Black Trustee
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The Polurrian Cove Beach House Trust CIO
NOTES TO THE ACCOUNTS FOR THE 531 DAY PERIOD ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
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The Polurrian Cove Beach House Trust CIO
| 2. TANGIBLE FIXED ASSETS Cost Additions At 31/03/2025 Depreciation At 31/03/2025 Net Book Amounts At 31/03/2025 3. DEBTORS Amounts falling due within one year: VAT |
Land And Buildings £ 48,571 48,571 - 48,571 |
Total £ 48,571 |
|---|---|---|
| 48,571 | ||
| - | ||
| 48,571 | ||
| 2025 £ 9,660 |
||
| 9,660 |
| 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 5. UNRESTRICTED FUNDS General fund |
Brought forward £ - - |
Incoming resources £ 59,001 59,001 |
Outgoing resources £ (1,641) (1,641) |
Transfers £ - |
2025 £ 1,500 |
|
|---|---|---|---|---|---|---|
| 1,500 | ||||||
| Carried forward £ 57,360 |
||||||
| - | 57,360 |
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The Polurrian Cove Beach House Trust CIO
6. RESTRICTED FUNDS
| Brought forward |
Incoming resources |
Outgoing resources |
Transfers | Carried forward |
|---|---|---|---|---|
| £ | £ | £ | £ | £ |
7. RELATED PARTY TRANSACTIONS
Included in Donations received is £39,100 donations received from trustees. Additionally, there was a £10,000 donation from Travel Sector Property Limited, company registration number: 04037220, where Mr Andrew Long is a director and shareholder.
8. ANALYSIS OF GRANTS
Cornwall Community GWF 2025: £10,000
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The Polurrian Cove Beach House Trust CIO
Incoming Resources for the year ended 31/03/2025 2025 £ Incoming resources Incoming resources from generated funds 10,000 49,001 59,001
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The Polurrian Cove Beach House Trust CIO
| Expenses for the year ended 31/03/2025 Expenses Costs of generating funds Charitable Activities Water rates Accountancy fees |
2025 £ 141 1,500 |
|---|---|
| 1,641 |
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