Charity Accounts Intelreading the accounts so you don’t have to

CORNWALL OLD PEOPLE'S HOUSING SOCIETY

Registered charity 1071067 · accounts filings on the Charity Commission register · also known as CORNWALL OLD PEOPLE'S HOUSING SOCIETY LIMITED, PERRAN BAY HOME

Get email alerts for this charity

Latest income
£2.1m
Latest spending
£2.0m
Registered
1998
Accounts read
FY2024

Financial health, per its FY2024 accounts

The charity reported a surplus for the year, with unrestricted reserves increasing to £1,515,596. The trustees consider significant reserves necessary for major maintenance and occupancy risks, and the auditor confirmed no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: significant reserves need to be accumulated in the event of any major maintenance being required... establish reserves in the event that [full occupancy] is not achieved in any year (held: £1.5m)
“The Trustees consider that significant reserves need to be accumulated in the event of any major maintenance being required. Furthermore, with regard to funding the annual charitable expenditure, the charity is reliant on obtaining full occupancy of its residential accommodation and must therefore establish reserves in the event that this is not achieved in any year.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The son of a trustee controls Sharkfin Media Limited. During the year the charitable company paid Sharkfin Media Limited £997 (2023: £720) for website services. £Nil (2023: £Nil) was outstanding at the year end.
“The son of a trustee controls Sharkfin Media Limited. During the year the charitable company paid Sharkfin Media Limited £997 (2023: £720) for website services. £Nil (2023: £Nil) was outstanding at the year end.” — page 31
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RRL LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.1m
Total spending
£2.0m
Cost of raising funds
£3k
Reserves (reported)
£2.6m
Employees
68

Reported reserves equal ~15.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cornwall

Income and spending

Financial year endIncomeSpending
31/12/2024£2.1m£2.0m
31/12/2023£2.0m£1.9m
31/12/2022£1.9m£1.6m
31/12/2021£1.7m£1.5m
31/12/2020£1.6m£1.5m

Common questions

Is CORNWALL OLD PEOPLE'S HOUSING SOCIETY financially healthy?

The charity reported a surplus for the year, with unrestricted reserves increasing to £1,515,596. The trustees consider significant reserves necessary for major maintenance and occupancy risks, and the auditor confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by RRL LLP.