ir “dT RRL RRL
The The Cockin Cockin[Charity] Charity
Annual Annual report report and and unaudited unaudited accounts accounts
For For the[the] year year ended ended[31] 31 October October 2022 2022
Charity Charity registration registration number number 234501 234501
RRL, RRL Ls ~
The[Cockin] Charity The Cockin Charity
Contents Contents
| Page Page |
|
|---|---|
| Reference and administrative details Reference and administrative details |
1 1 |
| Trustees' report Trustees’ report |
2-5 2-5 |
| Independent examiner's report Independent examiner's report |
6 6 |
| Receipts and paymentsaccount Receipts and payments account |
7 tf |
| Statement of assets and liabilities Statement of assets and liabilities |
8 8 |
| Notes to the accounts Notestotheaccounts |
9 9 |
The The Cockin[Charity] Cockin Charity
RRL ‘RRL, Le ~!
Reference Reference and and administrative administrative details details
Full Full name name[of] of Charity:[Charity:] The The Cockin Cockin Charity[Charity] Charity Charity Registration Registration Number: Number: 234501 234501 Ex-Officio Ex-Officio Trustees Trustees who who served served during during the the year: year: The The Mayor Mayor of[of] Truro Truro The The Rector Rector of of St. St. Mary’s, Mary's, Truro Truro - - The The Very Very Reverend Reverend Roger Roger Bush Bush The The Minister Minister of[of] the[the] Baptist Baptist Church, Church, Truro Truro - - Reverend Reverend Matt Matt Noble Noble The The Minister Minister[of the] of the Methodist Methodist Church, Church, Truro Truro - - Reverend Reverend Mark Mark Dunn-Wilson Dunn-Wilson Co-optative Co-optative Trustees Trustees who who served served during during the the year: year: Mrs Mrs A A Cresswell Cresswell Mr Mr[I] | Hare Hare Mr Mr D[D] Smith Smith Mrs Mrs S S Short Short
Clerk/Treasurer: Clerk/Treasurer: Principal Principal address address of of the the Charity: Charity:
Mrs Mrs SR SR Collenette Collenette
Cornwall Cornwall Homeseekers Homeseekers Ltd Ltd Tre Tre Place Place Tabernacle Tabernacle Street Street TRURO TRURO Cornwall Cornwall TR1 TRI 2EJ 2EJ
Bankers: Bankers: Independent Independent examiner: examiner:
Bank Bank[of] of Scotland Scotland 75 75 George George Street Street EDINBURGH EDINBURGH EH2 EH2 3EW 3EW
Mr Mr M M Williams Williams FCA FCA DChA DChA
RRL RRL LLP LLP Peat Peat House House Newham Newham Road Road
TRURO TRURO Cornwall Cornwall TRI TR1 2DP 2DP
Investment Investment managers: managers:
BlackRock BlackRock 33 33 King King William William Street Street LONDON LONDON EC4R EC4R 9AS 9AS
1 1
RRL RRL Le val
The The Cockin Charity Cockin Charity
Trustees' Trustees’ report report For For the the year year ended ended 31 31 October October 2022 2022
The The Trustees Trustees are are pleased pleased to[to] present present their[their] annual annual report report and and the the[charity's] charity's financial financial statements statements for for the the year year ended ended 31[31][October] October[2022.] 2022.
Structure, Structure, Governance Governance and and Management Management
Governing Governing Instrument Instrument
The The Charity[Charity] is[is] governed governed by by a a High High Court Court Scheme Scheme dated dated 3 3 July July 1933 1933 and and a a Scheme Scheme dated dated 29 29 October October 1968. 1968.
Organisation Organisation of of The The Cockin Cockin Charity Charity
The The[Trust] Trust has has four four ex-officio ex-officio Trustees Trustees who who are are the the Mayor Mayor[of] of Truro, Truro, The The Rector Rector of of St St Mary's, Mary’s, Truro, Truro,
The The Minister Minister of of[the] the Baptist Baptist Church, Church, Truro Truro and and The The Minister Minister of of the the Methodist Methodist Church, Church, Truro Truro and and coco-
opted opted Trustees Trustees who who reside reside in in or or near near Truro. Truro. The The Trust's Trust's day day to to day day management management is is undertaken undertaken by by
the the Clerk/Treasurer Clerk/Treasurer to to the the Trust. Trust. The The Clerk Clerk collects collects the the rents rents for for the the cottages cottages and and undertakes undertakes other other duties duties as as referred[referred][to] to[him] him[by] by[the] the[Trustees.] Trustees.
Recruitment Recruitment[and] and induction induction of[of] Trustees[Trustees]
Trustees Trustees are are appointed appointed who who meet meet the the above above criteria criteria and and complement complement the the existing[existing] Trustees. Trustees.
On On appointment, appointment, the the Trustees Trustees are are given given relevant relevant documentation documentation regarding regarding their their role role as as a a Trustee, Trustee, the the Charity's Charity’s governing governing documents, documents, accounts accounts and and minutes minutes of of recent recent meetings. meetings.
Objectives Objectives and and activities activities
Object Object of[of] the the Charity Charity
The The[object] object[of] of the[the][Charity] Charity is[is] for for the[the] maintenance maintenance of of four four cottages cottages in in Moresk Moresk Road, Road, Truro Truro and and any any
surplus surplus income income to to be be distributed distributed to to the the poorer poorer classes classes as as the the Trustees Trustees think think fit. fit. This This is is subject subject to to the the
retention retention of of funds funds for for routine routine commitments commitments and and anticipated anticipated major major expenditure. expenditure. The The cottages cottages[of the] of the[Charity] Charity to[to] be be[let] let to[to] respectable, respectable, sober sober and and industrious industrious artisans artisans or or labourers labourers living living
or or working working in[in] or or[in] in the[the] neighbourhood neighbourhood[of] of Truro. Truro.
Aims Aims and and[intended] intended impact impact
The The aims aims of[of] the[the] Trustees Trustees are are[to] to keep keep the the cottages cottages[in] in a a good good state state of of repair. repair. The The intended intended impact impact is is to to continue continue letting letting the the cottages. cottages.
The The Trustees Trustees have have referred referred to[to] the[the] guidance guidance contained contained[in] in the the Charity Charity Commission's Commission's general general guidance guidance on on public public benefit[benefit] when when reviewing[reviewing][the] the Charity's Charity's aims[aims] and and objectives objectives and and in[in] planning[planning] future future activities. activities. In In particular particular the the Trustees Trustees consider consider how how planned planned activities activities will will contribute contribute to to those those aims aims and and objectives. objectives.
2 2
The The Cockin[Charity] Cockin Charity Trustees' Trustees’ report report For For the[the] year year ended ended 31[31] October October 2022 2022
----- Start of picture text -----
RRL
RRL.
a
----- End of picture text -----
Achievements Achievements and and performance performance Review Review of[of] the the activities activities during during the the year: year:
Trustees Trustees The The Trustees Trustees remain remain the[the] same same as as the the previous previous year. year.
Tenants Tenants
All All tenants tenants remain remain the the same same as as previous previous AGM. AGM.
Maintenance Maintenance
-
e All All 4[4] properties properties now now hold hold valid valid EICR’s EICR's (valid (valid for for 4 4 years). years). e Buildings Buildings insurance insurance was was renewed. renewed. e All All four four annual annual gas gas safety safety inspections inspections have have been been completed completed with with valid valid certificates certificates held held on on file file until until October October 2023. 2023. Carbon Carbon Dioxide Dioxide alarms alarms installed installed in in line line with with new new legislation. legislation.
-
103: 103:
-
e March March[2022:] 2022: The The exterior exterior waste waste[pipe] pipe leading[leading] from from[the] the kitchen kitchen sink sink has has cracked cracked and and was was replaced. replaced.
-
e March March[2022:] 2022: The The overflow overflow[tap] tap on on[the] the toilet toilet[pipe] pipe was was now now leaking.[leaking.] A A new new[inlet] inlet valve[valve] was was fitted. fitted.
-
e August August 2022: 2022: Supply Supply and and fit fit new new main main oven thermostat oven thermostat e October October 2022: 2022: Attend Attend and and repair repair front front and and back back door, door, internal internal door door to to dining dining room. room. Adjusted Adjusted hinges hinges on on[front] front door door and and replaced replaced draught draught proofing proofing strips. strips. Replaced Replaced back[back] door door and and fit[fit] door door drip, drip, fixed fixed stiff stiff windows windows not not opening. opening.
-
105: 105: e April April 2022: 2022: Removed Removed hedges hedges and and installed installed new new fence fence panels panels and and posts. posts. e November November 2021 2021: : Supply Supply and and fit fit new new main main oven oven thermostst. thermostst.
-
107: 107:
-
e None None
-
109: 109: e November November 2021 2021: : Replacement Replacement room room thermostat. thermostat.
3 3
The The Cockin[Charity] Cockin Charity Trustees' Trustees’ report report For For the the year year ended ended 31 31 October October 2022 2022
----- Start of picture text -----
RRL
RRL.
bs -—
----- End of picture text -----
Financial Financial review review of of the the year year
103 103 Moresk Moresk Road Road — — The The current current tenancy tenancy is[is] fixed fixed until until 28.04.2023. 28.04.2023. The The rent[rent] was was increased increased by by E20.00 £20.00 upon upon renewal. renewal. An An inspection inspection will will be be due due in in February February 2023. 2023.The The rent rent is is currently currently E720.00 £720.00 pcm. pcm. 105 105 Moresk Moresk Road Road - - Tenancy Tenancy is is fixed fixed until until 16.12.2022 16.12.2022 at at £645.00 2645.00 pcm. pcm. periodic periodic at at £625.00 E625.00 pcm pcm (since (since 2018).[2018).] An An inspection inspection is[is] booked booked for for 24.11.2022. 24.11.2022. 107 107 Moresk Moresk Road Road — — Inspection Inspection completed completed and[and][the] the tenancy tenancy was was renewed renewed and and now now fixed fixed until until 30.11.2023. 30.11.2023. An An increase increase of of £20.00 E20.00 will will be be applied applied increasing increasing the the rent rent to to £592.00. E592.00. 109 109 Moresk Moresk Road Road — — The The tenancy tenancy continues continues as as periodic periodic with with[the] the rent rent remaining remaining[at] at £390 E390 PCM. PCM. All All properties properties remain remain occupied occupied with with rents rents being being on on time. time.
General General
The The balance[balance] of of the the accounts accounts of of the the charity charity as as at at 31 31 October October 2022, 2022, after after allowing allowing for for the the costs costs of of
repairs, repairs, maintenance, maintenance, insurance, insurance, and and accountancy accountancy was: was:
| 2022 2022 |
2021 2021 |
|
|---|---|---|
| £ | Ee | |
| Current Account Current Account |
52,433.70 52,433.70 |
31,740.92 31,740.92 |
| Corporate Bonus Account Corporate Bonus Account |
44,016.50 44,016.50 |
44,008.00 44,008.00 |
| Overall total balance Overalltotalbalance |
96,450.20 96,450.20 |
75,748.92 75,748.92 |
4 4
The The Cockin Cockin Charity Charity
----- Start of picture text -----
RRL
RRL,
Lea
----- End of picture text -----
Trustees’ Trustees' report report For For the the year year ended ended 31 31 October October 2022 2022
Investment investment policy policy
The Trustees The Trustees have have considered considered the the most most appropriate appropriate[policy] policy for for investing investing funds funds and and find find that that the the current current
arrangements arrangements with with[the] the majority majority of[of] funds funds[in] in short short term term bank bank deposits[deposits] meet meet the[the] requirement requirement to[to] generate generate
a a reasonable reasonable return return on on[capital] capital whilst whilst maintaining maintaining access access[to] to funds funds for for operational operational purposes. purposes.
Reserves Reserves policy policy
The The Trustees Trustees aim aim[to] to accumulate accumulate unrestricted unrestricted reserves reserves[to] to be be able able to[to] meet meet the the cost cost of of extraordinary extraordinary repairs repairs or or other other expenses expenses connected connected with with the the Charity. Charity.
Risk Risk management management
The The Trustees Trustees have have assessed assessed[the] the major major[risks] risks to[to] which which the the Charity Charity is is exposed, exposed, in in particular particular those those related related[to] to the the operations operations and and finances finances[of] of the the Charity,[Charity,] and and are are satisfied satisfied that that systems systems and and procedures procedures are are[in] in place[place][to] to manage manage those those risks. risks.
Plans Plans[for] for the the future future
The The Charity’s Charity's[plans] plans for for the the future future are are[to] to continue continue with with its its objective objective as as stated stated in in this this report. report. The The Trustees Trustees confirm[confirm][the] the availability availability[of] of assets assets[to] to continue continue fulfilling fulfilling that that objective. objective.
By By order order of the of the Trustees Trustees
----- Start of picture text -----
S S Collenette Collenette | I Hare Hare A A Cresswell [Cresswell]
Treasurer Treasurer Trustee Trustee Trustee Trustee
----- End of picture text -----
4 4 April April 2023 2023
5 5
RRL ‘RRL, wal
The The Cockin[Charity] Cockin Charity
Independent Independent examiner’s examiner's report report to to the the Members Members of of The The Cockin Cockin Charity Charity
I | report report to to the the charity charity trustees trustees on on my my examination examination of of the the accounts accounts of of the the Charity Charity for for the the year year ended ended 31 31 October October 2022, 2022, which which are are set set out out on on pages pages7 7 to to 9. 9.
Responsibilities and basis Responsibilities and basis of[of] report report
As As[the] the charity’s[charity's] trustees trustees you you are are responsible[responsible] for for[the] the preparation preparation of of the the accounts accounts in in accordance accordance with with the the requirements requirements of of the the Charities Charities Act Act 2011 2011 (the (the 2011 2011 Act). Act). I | report report in in respect respect of of my my examination examination of of the the charity's charity's accounts accounts carried carried out out under under section section 145 145 of of the the Act Act and[and][in] in carrying carrying[out] out my my examination examination[I] | have have[followed] followed[all] all the the applicable applicable Directions Directions given given by by the the Charity Charity Commission Commission under under section section 145(5)(b) 145(5)(b) of the of the Act. Act. Independent Independent examiner’s examiner's statement statement | I have have completed completed my my examination. examination. I | confirm confirm that that no no material material matters matters have have come come to to my my attention attention in in connection connection with with[the] the examination examination giving[giving] me me cause cause[to] to believe believe that that in[in] any any material material respect: respect: e • accounting accounting records records were were[not] not kept kept[in] in[respect] respect[of] of the[the] charity charity as as[required] required by by section section 130 130 of of the the 2011 2011 Act; Act; or or e the the accounts accounts do do not not accord accord with with those those records; records;
| I have have no no concerns concerns and and have have come come across across no no other other matters matters in in connection connection with with the the examination examination to to which which attention attention should should be be drawn drawn in in this this report report in in order order to to enable enable a a proper proper understanding understanding of of the the accounts accounts[to] to be be reached. reached.
M M Williams Williams FCA FCA DChA DChA
RRL RRL[LLP] LLP
Peat Peat House House Newham Newham Road Road TRURO TRURO Cornwall Cornwall TR1 TRI 2DP 2DP
- 5 5 April April 2023 2023
6 6
oa _~ RRL, RRL on =
The The Cockin Cockin Charity Charity
Receipts Receipts and and payments payments account account For For the the year year ended ended 31 31 October October 2022 2022
| payments For the year endedended 31 October2022 Receipts and payments account Fortheyearended 3131 October 20222022 |
account | ||||
|---|---|---|---|---|---|
| 2022 2022 |
2021 2021 |
||||
| Notes Notes |
£ | £ | £ | £ | |
| Receipts: Receipts: |
|||||
| Investment income Investment income |
1 1 |
9 9 |
4 4 |
||
| Charitable activities: Charitable activities: |
|||||
| Rents received Rents received |
2 2 |
27,724 27,724 |
26,833 26,833 |
||
| 27,733 27,733 |
26,837 26,837 |
||||
| Payments: Payments: |
|||||
| Charitable activities: Charitable activities: |
|||||
| Property repairsand maintenance Insurance Property repairs and maintenance Insurance |
1,757 985 1,757 985 |
4,232 897 4,232 897 |
|||
| Water Water |
- | 20 20 |
|||
| Support costs: Support costs: |
(2,742) (2,742) |
(5,149) (5,149) |
|||
| Management fee Management fee |
(3,600) (3,600) |
(3,600) (3,600) |
|||
| (3,600) (3,600) |
(3,600) (3,600) |
||||
| Governance: Governance: |
|||||
| Independent examiner's remuneration Independent examiner's remuneration |
(690) (690) |
(660) (660) |
|||
| Net receipts forthe year Net receipts forthe year |
20,701 20,701 |
17,428 17,428 |
|||
| Bank balance at 1 November 2021 Bank balance at 1 November2021 |
75,749 75,749 |
58,321 58,321 |
|||
| Bank balance at 31 October2022 Bank balance at 31 October 2022 |
96,450 96,450 |
75,749 75,749 |
|||
| General fund General fund |
|||||
| Unrestricted reserve Designated reserve — General Maintenance Unrestricted reserve Designated reserve— General Maintenance |
52,434 52,434 |
31 ,741 31,741 |
|||
| Account Account |
44,016 44,016 |
44,008 44,008 |
|||
| 96,450 96,450 |
75,749 75,749 |
7 rs
RRL RRL, - =
The The Cockin Cockin Charity Charity
| The Cockin Charity The Cockin Charity |
RRL RRL, - |
||
|---|---|---|---|
| Statement of assets and liabilities Statement ofassets and liabilities |
|||
| At 31 October 2022 At 31 October2022 |
|||
| General fund General fund |
|||
| 2022 2022 |
2021 2021 |
||
| Notes Notes |
£ | <. | |
| Monetary assets Monetary assets |
|||
| Cash at bank Cash at bank |
96,450 96,450 |
75,749 75,749 |
|
| Investments Investments |
3 3 |
1,080 1,080 |
1,080 1,080 |
| 97,530 97,530 |
76,829 76,829 |
||
| Other assets Other assets |
|||
| For use by the Charity and belonging to For use by the Charityand belonging to |
|||
| the official Trustee of the Charity Lands the official Trustee ofthe Charity Lands |
|||
| fund: fund: |
|||
| - Freehold land and buildings at cost -Freeholdlandandbuildingsatcost |
4 4 |
3,392 3,392 |
3,392 3,392 |
We We approve approve these these accounts accounts and and[confirm] confirm[that] that we we have have made made available available all all relevant relevant records records and and
information information for for their their preparation. preparation.
| I Hare Hare A A[Cresswell] Cresswell Trustee Trustee Trustee Trustee S S Collenette Collenette Treasurer Treasurer
8 8
RRL RRL’ -_ v=
The The Cockin Cockin Charity Charity
----- Start of picture text -----
||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Notes|
|(forming|(forming part|part|of|of the|the|accounts)|accounts)|
|1|1|Investment|Investment|income|income|
|2022|2022|2021|2021|
|£|£|
|Bank|Bank|[interest]|interest|9|9|4|4|
|2|2|Rents|Rents|[received]|received|
|2022|2022|2021|2021|
|£|£|
|103|103|8,520|8,520|8,029|8,029|
|105|105|7,700|7,700|7,500|7,500|
|109|109|4,680|4,680|4,680|4,680|
|107|107|6,824|6,824|6,624|6,624|
|27,724|27,724|26,833|26,833|
|3|3|Investments|Investments|
|Charinco|Charinco|Accumulation|Accumulation Shares|Shares|
|Holding|Holding|Cost|Cost|
|No|No|£|
|Balance|Balance|at|[at]|31|31|October 2021|October|2021|and|and|2022|2022|140|140|1,080|1,080|
|Market|Market|value|value|at|[at]|[31]|31|October 2022|October|2022|5,879|5,879|
|Market|Market|value|value|at|[at]|31|31|October|October|2021|2021|7,358|7,358|
|4|4|Official|Official|[Trustee]|Trustee|[of]|of Charity|Charity|Lands|Lands|
|2022|2022|2021|2021|
|£|£|
|For|For|[property]|property|[held]|held|[in]|in|[trust]|trust|for|for the|[the]|[Charity]|Charity|constituted|constituted|by|by|the|the|[Will]|Will|of|of|
|Emma|Emma|[Cockin]|Cockin|deceased,|deceased,|[in]|in|accordance|accordance|with|with|[the]|the|terms|terms|of|of|the|the|
|scheme|scheme|[of]|of|management|management|[settled]|settled|by|by|Mr Justice|Mr|Justice|Eve|Eve|in|in|Chancery|Chancery|
|Division|Division|[of the]|of the|High|[High]|Court|Court|[of]|of|Justice|Justice|3,392|3,392|3,392|3,392|
----- End of picture text -----
9 9