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2024-10-31-accounts

CHILVERS COTON CENTRE TRUST

Company Number 02305461 England & Wales Registered Charity Number 1001665

AVENUE ROAD NUNEATON

ACCOUNTS FOR THE YEAR ENDED

31 OCTOBER 2024

CHILVERS COTON CENTRE TRUST ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024

Page Contents
3 - 6 Trustees’ annual report
7 Independent examiner’s report
8 Statement of financial activities
9 Balance sheet
10 - 13 Notes to the accounts

CHILVERS COTON CENTRE TRUST

DIRECTORS’ REPORT

(INCORPORATING THE TRUSTEES’ ANNUAL REPORT)

YEAR ENDED 31 OCTOBER 2024

Full Name: Chilvers Coton Centre Trust Registered Charity Number: 1001665 Registered Company Number: 02305461 Principal Address: Chilvers Coton Centre, Avenue Road, Nuneaton CV11 4LT Trustees: Mr J K Burton, Chairman Mr D J Leach, Company Secretary and Treasurer Mr E Docker Mr D Elliott Mr R Everitt Mr P Smith Mrs C White Mrs C Wright Bankers: Barclays Bank, 7 Market Place, Nuneaton, CV11 4EA Independent Examiner: Ms Paula Wilson, 21 Hickman Road, Galley Common Nuneaton, CV10 9NQ

CHILVERS COTON CENTRE TRUST

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 OCTOBER 2024

The Trust is a registered charity which is governed by its constitution.

The Trustees, who are also directors of the charity for the purpose of the Companies Act, submit their annual report and the financial statements for the year ending 31 October 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in July 2014.

STRUCTURE, GOVERNANCE & MANAGEMENT

The charity is controlled by its governing document, a deed of trust and constitutes a company limited by guarantee as defined by the Companies Act 2006.

Recruitment and Appointment of New Trustees

There has been an average of 12 trustees throughout the year. Any new appointments are at the recommendation of the Board.

Induction and Training of New Trustees

All new trustees are given, in the opinion of the Board, sufficient training and have enough knowledge of their specific expertise to understand the nature of the charity and its current aims and progression.

Retiring Directors

All named trustees are serving directors of the company.

Honorary Vice Presidents

Mr D Jacques serves as advisor in the capacity of Vice President.

Related Parties

The charity has a close relationship with Nuneaton & Bedworth Borough Council and Warwickshire County Council and both assist with grant aid and the advancement of the charity.

OBJECTIVES AND REVIEW OF ACTIVITIES

The objects of the Chilvers Coton Centre Trust are to advance education by preserving whatever of the English historical, architectural and constructional heritage may exist in and around the borough of Nuneaton in the form of buildings of particular beauty or historical architectural or constructional interest.

CHILVERS COTON CENTRE TRUST

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees are pleased with the results of the charitable efforts and would like to continue to expand on them. Voluntary funding this year was again boosted by income generated from traditional afternoon teas provided to groups and organisations and from room hire for family celebrations and birthday parties.

Income from fund raising, room hire, sales, donations and grants are included when received. Regretfully the Heritage Centre boiler finally died. The cost of a new one was nearly £14000. We managed to raise most of the cost through the generosity of our user groups and by a ‘Go Fund Me’ page and assistance from the Borough Lottery and local council.

FINANCIAL REVIEW

Principle funding sources

Chilvers Coton Centre Trust is pleased and grateful to receive funding from a number of sources. During recent years the trust has received financial aid from Nuneaton and Bedworth Borough Council, Warwickshire County Council, The Borough Lottery and Awards for All.

Reserves policy

The Trustees Reserve remains at £7000.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against any fraud and error.

Trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

CHILVERS COTON CENTRE TRUST

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2024

The law applicable to charities of England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Signed on behalf of the charity’s trustees:

Chairperson Date:

Company Secretary / Treasurer

Date:

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

CHILVERS COTON CENTRE TRUST

FOR THE YEAR ENDED 31 OCTOBER 2024

I report on the accounts of the Trust for the year ended 31 October 2024, which are set out on pages 8 to 13.

Respective responsibilities of trustees and examiner

The charity’s trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commissioners. 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 examiner’s statement

In connection with my examination, no matter has come to my attention:

1. which gives me reasonable cause to believe that in any material respect, the requirements:

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

Date:

Paula Wilson, MAAT

CHILVERS COTON CENTRE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 OCTOBER 2024

Note
Incoming resources
Grants & donations
2
Boiler & roof appeal
Fundraising - books		 Unrestricted
Funds
6,402
150		 Restricted
Funds
£
7,000
2,104
-		 2024
Total
Funds
£
13,402
2,104
150		 2023
Total
Funds
£
965
2,136
171
Fundraising - social events 1,091 - 1,091 923
Victorian schoolroom
Room hire
Miscellaneous
Bank Interest
Total incoming resources
Resources expended
Building maintenance
Light & heat
Travel expenses
Telephone
Insurance
Stationery/printing
Equipment
Fundraising - social events
Sundries & Cleaning
Rent
Professional fees
Roof Repair
Independent examination
Depreciation
3
Total resources expended
Net income/(expenditure)
Total funds bought forward
Transfers between funds
Fund balances carried forward		 410
13,143
345
100
21,641
5,237
9,154
47
998
1,175
18
2,011
457
849
100
124
-
300
2,352
22,822
(1,181)
27,960
-
26,779		 -
-
-
9,104
-
-
-
-
-
-
-
-
-
-
-
-
-
3,571
3,571
5,534
10,530
-
16,064		 410
13,143
345
100
30,745
5,237
9,154
47
998
1,175
18
2,011
457
849
100
124
-
300
5,923
26,393
4,352
38,490
-
42,842		 245
11,055
-
44
15,539
1,475
5,214
566
954
511
535
1,253
257
1,357
100
-
4,500
275
3,432
20,429
(4,890)
43,380
-
38,490

CHILVERS COTON CENTRE TRUST

BALANCE SHEET

AS AT 31 OCTOBER 2024

Note
Fixed assets
3
Current assets
Debtors
7
Cash at bank and in hand
Current Liabilities
Grant in Advance
Creditors
8
Net current assets
Net assets
The funds of the charity
Restricted Funds
9
Unrestricted Funds
9
Total Funds		 £
9,937		 2024
2023

£
£
33,206
25,837
-
12,928
12,928
-

(275)
9,637
12,653
42,842
38,490
13,959
10,530
28,883
27,960
42,842
38,490		 2024
2023

£
£
33,206
25,837
-
12,928
12,928
-

(275)
9,637
12,653
42,842
38,490
13,959
10,530
28,883
27,960
42,842
38,490
9,937
(300)
38,490
10,530
27,960
38,490

Exemption from audit

For the year ending 31[st] October 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The directors declare that they have approved the accounts above.

Mr J K Burton, Chairman

Mr D J Leach, Treasurer & Secretary

Date:

Date:

CHILVERS COTON CENTRE TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 31 OCTOBER 2024

1. Accounting policies

Accounting convention

These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts and with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

Incoming Resources

All material incoming resources have been included on a receivable basis – ie they are included if the date receivable falls within the period covered by these accounts.

Resources expended

These have been analysed using a natural classification.

Depreciation

Depreciation is provided on fixed assets at rates calculated to write off the cost of the assets over their expected useful lives as follows:

Property improvements (including heritage assets) – 4% annual straight line basis Fixtures and fittings – 20% annual written down basis

Fund Accounting

General funds are unrestricted funds, which are available for the use at the discretion of the trustees/directors in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are to be used only for specified purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

CHILVERS COTON CENTRE TRUST

NOTES TO THE ACCOUNTS CONTINUED

YEAR ENDED 31 OCTOBER 2024

2. Grants and Donations

Grants
Donation for boiler
General donations
Roof Appeal		 Unrestricted
Funds
£
350
5,000
1,052
6,401		 Restricted
Funds
£
7,000
-
-
2,104
9,104		 Total
2023
Funds
£
£
7,350
-
5,000
965
1,052
2,104
2,136
15,505
3,101

3. Tangible Fixed Assets

Property
Improvements
£
Cost
At 1 November 2023
76,207
Additions
-
Disposals
-
At 31 October 2024
76,207
Depreciation
At 1 November 2023
51,632
Charge for year
3,012
On disposal
-
At 31 October 2024
54,644
Net book value
At 31 October 2024
21,563
At 1 November 2023
24,575		 Furniture
fittings &
equipment
£
10,802
13,291
-
24,093
9,540
2,911
-
12,451
11,643
1,263		 Total
£
87,009
13,291
-
100,300
61,172
5,923
-
67,095
33,206
25,838

CHILVERS COTON CENTRE TRUST

NOTES TO THE ACCOUNTS CONTINUED

YEAR ENDED 31 OCTOBER 2024

4. Creditors

Accounts Unresticted
Funds
£
300
300		 Restricted
Funds
£
-
-		 Total
Funds
£
300
300		 2022
£
550
550

5. Movements in Funds

Unrestricted funds
General Fund
Restricted funds
Development Funds
Grant
Total Funds		 Opening
balance
£
27,960
27,960
3,115
7,414
10,529
38,490		 Incoming
(Resources
Transfers
resources
expended)
£
£
£
23,745
(22,822)
-
23,745
(22,822)
-
-
(2,236)
-
7,000
(1,335)
-
7,000
(3,571)
-
30,745
(26,393)
-		 Closing
balance
£
28,883
28,883
879
13,079
13,959
42,842

CHILVERS COTON CENTRE TRUST

NOTES TO THE ACCOUNTS CONTINUED

YEAR ENDED 31 OCTOBER 2024

6. Analysis of net assets between funds Fund

Fund balances at 31 October 2024
are represented by:
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
£
19,247
9,937
(300)
28,883		 Restricted
Total
£
£
13,959
33,206
-
9,937
-
(300)
13,959
42,842

7. Trustees remuneration, benefits & expenses

The management committee and other trustees did not receive any remuneration during the year (2023: nil).

8. Independent examination and accountancy services

During the period, the cost of the examination was £300.