NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
Charity registration number 1001348 (England and Wales)
Company registration number 02500924
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr K Norton | |
|---|---|---|
| Mrs M E Young | ||
| Mrs M A Brotherton | ||
| Mrs B C Gough | ||
| Mr R H Laidler | ||
| Mr N J Tindall | ||
| Mr I L Mould | ||
| Mr D P J Clancy | ||
| Mrs J V Burke | ||
| Mrs S Robson | (Appointed 24 June 2024) | |
| Secretary | Mr K Norton | |
| Charity number (England and Wales) | 1001348 | |
| Company number | 02500924 | |
| Registered office | Cottage Care Centre | |
| Upper Bar | ||
| Newport | ||
| Shropshire | ||
| TF10 7EH | ||
| Independent examiner | Dyke Yaxley Limited | |
| 1 Brassey Road | ||
| Old Potts Way | ||
| Shrewsbury | ||
| Shropshire | ||
| SY3 7FA |
NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 - 17 |
NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The objective for the company is the relief care and assistance of persons irrespective of colour, race or creed suffering from any form of sickness or incapacity and the advancement of education provision of facilities in the interests of social welfare for recreation and leisure time occupation for the benefit of the community in the Newport (Shropshire) District and surrounding neighbourhood.
The company’s principal activity is that of non-residential care and maintaining property in association with the League of Friends.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The public benefits form the activities of the trust due to its focus on health and well-being of the inhabitants of Newport and surrounding areas. Although its activities are limited geographically, the trust does not discriminate on the grounds of personal background, faith, gender, age or personal circumstances.
Achievements and performance
Significant activities and achievements against objectives
During the year, the company oversaw a planned increase in client numbers to what is currently seen as the maximum the care centre can accommodate. There is usually a waiting list of potential clients whenever a vacancy occurs.
The trustees/directors continue to look for ways in which the service to the clients can improve, particularly in respect of clients living with dementia.
The trustees/directors continue to be grateful for the support of the League of Friends.
The trustees/directors are of the opinion that the company remains financially stable and has retained adequate cash resources throughout the year under review.
Financial review
In 2025, the company generated total income of £667,969 (2024: £437,134). Operating, management and administrative expenses of £573,557 (2024: £418,197) resulted in a net profit in funds of £94,412 (2024: £18,937 net profit).
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Reserves policy
It is the policy of the trust to maintain unrestricted funds, at a level which equates to approximately three months unrestricted expenditure. In addition, the trustee/directors believe it prudent to retain additional reserves to allow for contingencies. This provides sufficient funds to cover management, administration and support costs. Unrestricted funds were maintained at an acceptable level throughout the year.
As at 31 March 2025, the charity’s level of free reserves stands at £211,491 (2024: £178,981). Free reserves are calculated as total unrestricted funds, excluding designated funds, and any unrestricted funds tied up in tangible fixed assets.
Total funds held £790,163 Restricted funds £(375,947) Designated funds £(7,060) Tangible fixed assets £(195,665) Free reserves £211,491
Major risks
The trustee/directors have reviewed the major risks to which the charity is exposed and systems of procedures and controls are in place to mitigate those risks and appropriate insurance has been taken out. In line with best practice, these policies will be reviewed on an annual basis.
Structure, governance and management
The charity is registered as a company limited by guarantee under number 2500924 and as a charity under number 01001348.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr K Norton Mrs Y J Gough (Resigned 1 May 2024) Mrs M E Young Mrs M A Brotherton Mrs B C Gough Mr S J Hattersley (Resigned 11 February 2025) Mr R H Laidler Mr N J Tindall Mr I L Mould Mr E A Forrester (Resigned 26 November 2024) Mr D P J Clancy Mrs J V Burke Mr R A Fellows (Resigned 23 September 2024) Mrs S Robson (Appointed 24 June 2024)
Recruitment and appointment of trustees
Trustees are recruited from the local area, are appointed by the existing trustees and are inducted into the role by the chairman. Training is provided where necessary.
Mr N J Tindall, Mrs J V Burke and Mrs B Gough retire in rotation in accordance with the Company’s Articles of Association and it is proposed that they be re-elected.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £5 in the event of a winding up.
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Organisational structure
The day to day management of the company is undertaken by the Centre Manager, supported by the executive committee of trustees.
The Trustees meet formally on a regular basis to review the affairs and financial performance of the company.
The trustees' report was approved by the Board of Trustees.
.............................. Mr N J Tindall
Trustee
Date: .............................................
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
I report to the trustees on my examination of the financial statements of Newport (Shropshire) Cottage Care Centre Trust Limited (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants (ACCA) - UK, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
-
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Audrey Williams FCCA Dyke Yaxley Limited
1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA
Dated: .........................
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 2 224,731 40,040 Charitable activities 3 378,856 - Other trading activities 4 21,578 - Investments 5 2,764 - Total income 627,929 40,040 Expenditure on: Raising funds 6 10,249 - Charitable activities 7 537,055 26,253 Total expenditure 547,304 26,253 Net income 80,625 13,787 Transfers between funds 24,464 (24,464) Net movement in funds 9 105,089 (10,677) Reconciliation of funds: Fund balances at 1 April 2024 309,127 386,624 Fund balances at 31 March 2025 414,216 375,947 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 264,771 104,241 4,000 378,856 312,967 - 21,578 15,050 - 2,764 876 - 667,969 433,134 4,000 10,249 5,651 - 563,308 395,411 17,135 573,557 401,062 17,135 94,412 32,072 (13,135) - - - 94,412 32,072 (13,135) 695,751 277,055 399,759 790,163 309,127 386,624 |
Total 2024 £ 108,241 312,967 15,050 876 |
|---|---|---|
| 437,134 | ||
| 5,651 412,546 |
||
| 418,197 | ||
| 18,937 - |
||
| 18,937 676,814 |
||
| 695,751 |
The 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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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Net assets excluding pension liability The funds of the charity Restricted income funds 17 Unrestricted funds |
2025 £ 30,379 202,123 232,502 (13,951) |
£ 571,612 218,551 790,163 790,163 375,947 414,216 790,163 |
2024 £ 29,453 160,580 190,033 (11,052) |
£ 516,770 178,981 |
|---|---|---|---|---|
| 695,751 | ||||
| 695,751 | ||||
| 386,624 309,127 |
||||
| 695,751 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on .........................
..............................
Mr N J Tindall Trustee
Company registration number 02500924 (England and Wales)
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations Investing activities Purchase of tangible fixed assets Investment income received Net cash used in investing activities Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2025 £ (90,775) 2,764 |
£ 129,554 (88,011) - 41,543 160,580 202,123 |
2024 £ (22,679) 876 |
£ 35,309 (21,803) - 13,506 147,074 160,580 |
|---|---|---|---|---|
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Newport (Shropshire) Cottage Care Centre Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Cottage Care Centre, Upper Bar, Newport, Shropshire, TF10 7EH.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Freehold land and buildings | 2% Straight line |
|---|---|
| Fixtures and fittings | 15% Reducing balance |
| Office Equipment | 15% Reducing balance |
| Motor vehicles | 25% Reducing balance |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Income from donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 53,042 40,040 Legacies 171,689 - 224,731 40,040 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 93,082 36,295 4,000 171,689 67,946 - 264,771 104,241 4,000 |
Total 2024 £ 40,295 67,946 |
|---|---|---|
| 108,241 |
3 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Daycare rental & lunches | ||
| Income received from charitable activities | 378,856 | 312,967 |
| Income from other trading activities | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Fundraising events | 21,578 | 15,050 |
4 Income from other trading activities
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
5 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Bank interest receiveable | 2,764 | 876 |
| Expenditure on raising funds | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Fundraising and publicity | ||
| Staging fundraising events | 10,249 | 5,651 |
-
6 Expenditure on raising funds
-
11 -
NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
7 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| costs | costs | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 345,705 | 264,772 |
| Depreciation and impairment | 35,933 | 32,479 |
| Motor and travel expense | 13,773 | 13,107 |
| Power, light and heat | 15,396 | 13,292 |
| Water, rates and insurance | 12,076 | 10,610 |
| Repairs and renewals | 62,860 | 18,729 |
| Advertising and telephone | 4,560 | 3,818 |
| Printing, postage and stationery | 4,441 | 2,517 |
| Cleaning | 2,694 | 2,875 |
| Sundry expenses | 12,163 | 10,687 |
| Fund costs | 7,217 | 10,583 |
| Food catering | 28,982 | 24,657 |
| 545,800 | 408,126 | |
| Share of support and governance costs (see note 8) | ||
| Governance | 17,508 | 4,420 |
| 563,308 | 412,546 | |
| Analysis by fund | ||
| Unrestricted funds | 537,055 | 395,411 |
| Restricted funds | 26,253 | 17,135 |
| 563,308 | 412,546 | |
| Support costs allocated to activities | ||
| 2025 | 2024 | |
| £ | £ | |
| Consultancy costs | 11,840 | - |
| Governance costs | 5,668 | 4,420 |
| 17,508 | 4,420 | |
| Analysed between: | ||
| Charitable costs | 17,508 | 4,420 |
8 Support costs allocated to activities
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 9 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 1,050 | 835 | |
| Depreciation of owned tangible fixed assets | 35,933 | 32,479 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
11 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2025 Number 24 2025 £ 329,661 12,065 3,979 345,705 |
2024 Number 24 |
|---|---|---|
| 2024 £ 257,593 4,262 2,917 |
||
| 264,772 |
There were no employees whose annual remuneration was more than £60,000.
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 13 Tangible fixed assets Freehold land and buildings Fixtures and fittings £ £ Cost At 1 April 2024 821,346 118,941 Additions 17,984 59,941 At 31 March 2025 839,330 178,882 Depreciation and impairment At 1 April 2024 378,885 81,728 Depreciation charged in the year 16,542 9,850 At 31 March 2025 395,427 91,578 Carrying amount At 31 March 2025 443,903 87,304 At 31 March 2024 442,461 37,213 |
Office Equipment £ 34,364 12,850 47,214 29,349 1,521 30,870 16,344 5,015 |
Motor vehicles £ 95,992 - 95,992 63,911 8,020 71,931 24,061 32,081 |
Total £ 1,070,643 90,775 |
|---|---|---|---|
| 1,161,418 | |||
| 553,873 35,933 |
|||
| 589,806 | |||
| 571,612 | |||
| 516,770 |
14 Debtors
| Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income Creditors: amounts falling due within one year Other taxation and social security Trade creditors Other creditors Accruals and deferred income |
2025 £ 21,404 6,558 2,417 30,379 2025 £ 4,360 5,059 986 3,546 13,951 |
2024 £ 23,210 3,774 2,469 |
|---|---|---|
| 29,453 | ||
| 2024 £ 2,740 3,469 - 4,843 |
||
| 11,052 |
15 Creditors: amounts falling due within one year
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 16 | Retirement benefit schemes | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Defined contribution schemes | £ | £ | |
| Charge to profit or loss in respect of defined contribution schemes | 3,979 | 2,917 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | £ | £ | £ | £ | |
| Land and Buildings | 204,370 | - | (7,540) | - | 196,830 |
| Wasting assets | 182,254 | 38,000 | (16,253) | (24,884) | 179,117 |
| Repair fund | - | 2,040 | (2,460) | 420 | - |
| 386,624 | 40,040 | (26,253) | (24,464) | 375,947 | |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| Land and Buildings | 211,910 | - | (7,540) | - | 204,370 |
| Wasting assets | 187,849 | 4,000 | (9,595) | - | 182,254 |
| 399,759 | 4,000 | (17,135) | - | 386,624 |
Land and Buildings
This fund represents the monies received for the purchase of Land and Building. This is reduced annually by the depreciation charge allocated to the assets.
Wasting Assets
This fund represents the monies received to purchased assets which could include Fixtures and Fittings, Office Equipment and Motor Vehicles. This is reduced annually by the depreciation charge allocated to the assets.
Repair Fund
This fund represents the monies received to for the ongoing repair needs to the buildings and surrounding land know as Newport (Shropshire) Cottage Care Centre Trust Limited.
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | £ | £ | £ | £ | |
| Activity Fund | - | 6,042 | (7,217) | 8,235 | 7,060 |
| General funds | 309,127 | 621,887 | (540,087) | 16,229 | 407,156 |
| 309,127 | 627,929 | (547,304) | 24,464 | 414,216 | |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| General funds | 277,055 | 433,134 | (401,062) | - | 309,127 |
Activity Fund
This fund represents the monies received to provide entertainment, activity or specific equipment/purchases for the user of Newport (Shropshire) Cottage Care Centre Trust Limited.
19 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2025 2025 £ £ At 31 March 2025: Tangible assets 195,665 375,947 Current assets/(liabilities) 218,551 - 414,216 375,947 Unrestricted Restricted funds funds 2024 2024 £ £ At 31 March 2024: Tangible assets 253,067 263,703 Current assets/(liabilities) 56,060 122,921 309,127 386,624 |
Total 2025 £ 571,612 218,551 |
|---|---|
| 790,163 | |
| Total 2024 £ 516,770 178,981 |
|
| 695,751 |
20 Related party transactions
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NEWPORT (SHROPSHIRE) COTTAGE CARE CENTRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
20 Related party transactions
(Continued)
Transactions with related parties
During the year the charity entered into the following transactions with related parties:
During the year, the charity received £63,500 (2024: £29,239) from Newport League of Friends of which trustee Barbara Cooper Gough is also a Trustee. No amount were outstanding at the year end.
During the year, the charity purchased £1,734 (2024: £1,007) from Partners in Care (Shropshire, Telford and Wrekin) of which trustee Susan Robson is also a director.
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