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To
Trustees' Annual Report for the period
From
Period start date Period end date Day101 Month Year Day31 Month12 Year2024 2024
Section A Reference and administration details
Charity name THE POOR'S LANDS CHARITIES. PADSTOW
Other names charity is known by
Registered charity number (if any) 201375 Charity's principal address
52 Marshall Avenue Wadebridge Cornwall Postcode PL276BB
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|
| M McCarthy | Chairman | ||
| M Chown | |||
| Mrs A Conium | |||
| Mrs P McCarthy | |||
| A. Rickard | |||
| Mrs A E Symons | |||
| Miss S Howells | |||
| ~~>~~ | ~~>~~ | ~~>~~ | ~~>~~ |
| ~~>~~ | ~~>~~ | ~~>~~ | ~~>~~ |
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Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, governance and management Description of the charity’s trusts scheme of Charity Commission of 20/03/70 and amendment 01/04/97 Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) The Trustees appoint new or additional Trustees as and when it is Trustee selection methods considered a particular individual would bring to the workings of the (eg. appointed by, elected by) Charity an expertise or experience. Trustees are required to maintain confidentiality and to abide by the duties of Trustees prior to their appointment which is through a majority vote at a Trustees meeting. New Trustees are provided with an induction pack.
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of A Risk Assessment is carried out every 3 years. Next one due in 2025
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major risks and the system and procedures to manage them.
Section C Objectives and activities
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Summary of the objects of the charity set out in its governing document Summary of the main To provide and maintain almshouses for the poor single men or single activities undertaken for the women or widowers or widows, or married couples, who are not less than public benefit in relation to 50 years of age and who have resided in the area of the ancient Parish of these objects (include within Padstow for not less than one year next preceding the time of this section the statutory appointment. The scheme was amended on 1.4.97 to allow the Charity to declaration that trustees have provide properties to married couples. had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
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You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
To continue maintaining and improving the Charity's properties in order to achieve the Charity's objectives. Major repointing in lime and mortar mix to 8 properties.
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Section E Financial review
Brief statement of the charity’s policy on reserves
The Trustees consider that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility for the future. This includes the consideration of purchasing further properties if there is sufficient demand in line with the objectives of the Charity.
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal Rental income from the Charity's properties that are let out.
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sources of funds (including any fundraising);
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how expenditure has supported the key objectives To maintain and improve the properties. of the charity;
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investment policy and the Trustees have considered the most appropriate policy for investing
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objectives including any funds and has found that specialised Unit Trusts, designed for the Charity
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ethical investment policy sector, meets their requirements to generate both income and capital
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adopted. growth.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Position (eg Secretary, Chair, CHAIRMAN etc) Date
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| Charity Name No (if any) CC16a THE POOR'S LANDS CHARITIES,PADSTOW Receipts and payments accounts For the period from Period start date To Period end date 01/01/2024 31/12/2024 —~~————~~ |
|
|---|---|
| Section A Receipts and payments | |
| Unrestricted funds Restricted funds Endowment funds Total funds Last year |
|
| to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ |
|
| A1 Receipts Residents contributions 71925 71,925 61,137 Investment income 1753 1,753 4,001 Interest received 13 13 532 Miscellaneous income 366 - - 366 99 - - - - - - - - - - - - Sub total(Gross income for AR)74,057 - - 74,057 65,769 ~~=—s====~~ |
|
| A2 Asset and investment sales, (see table). Investmentproceeds 100,000 - - 100,000 272,625 - - - - - Sub total 100,000 - - 100,000 272,625 Total receipts 174,057 - - 174,057 338,394 ~~S555~~ |
|
| A3 Payments | |
| Services 9531 9,531 7,696 Routine repairs and maintenance 33105 33,105 15,644 Management and administration 5576 5,576 6,199 Financial costs - - Aborted Property purchase costs - 5,615 - - - - Sub total 48,212 - - 48,212 35,154 A4 Asset and investment purchases, (see table) 537,880 - - 537,880 - - - - Sub total 537,880 - - 537,880 Total payments 586,092 - - 586,092 35,154 ~~=~~ ~~_ ===~~ ~~—————=~~ |
|
| Net of receipts/(payments) - 412,035 - - - 412,035 303,240 A5 Transfers between funds - - - - - A6 Cash funds last year end 478013 - - 478,013 174,773 Cash funds this year end 65,978 - - 65,978 478,013 ~~SSS~~ |
CCXX R1 accounts (SS)
17/01/2025
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
Details Current Accounts Deposit Accounts Total cash funds (agree balances with receipts and payments Details Details Details Freehold Properties Stocks Details Signature |
Unrestricte d funds Restricted funds to nearest £ to nearest £ 65978 - 0 - - - 65,978 - OK OK Unrestricte d funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - Fund to which asset belongs Cost (optional) 1,040,492 - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name |
Endowmen t funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowmen t funds to nearest |
|||
- |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) 385,181 |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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CCXX R2 accounts (SS)
17/01/2025
2
Independent examiner's report on the accounts Section A Independent Examiner’s Report ~~S~~
Report to the trustees/ Charity Name members of THE POOR'S LANDS CHARITIES,PADSTOW ~~pO~~ On accounts for the year 31/12/24 Charity no 201375 ended (if any) ~~eeee ee~~ Set out on pages 1 and 2 (remember to include the page numbers of additional sheets) ~~Pn~~
Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
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Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement 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 the 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 In connection with my examination, no matter has come to my attention examiner's statement (other than that disclosed below *)
- which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Please delete the words in the brackets if they do not apply.
Signed: Date: ~~a~~ Name: D J RAMSBOTTOM ~~PC~~
Relevant professional F.C.M.A. (retired) qualification(s) or body (if any): Address: Clover Cottage, West Hill, Wadebridge, PL27 7EW
Section B Disclosure
Only complete if the examiner needs to highlight material problems.
Give here brief details of any items that the examiner wishes to disclose .