## **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|
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## **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
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## **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.
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## **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).
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## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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:
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## **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:
- examine the accounts under section 145 of the Charities Act;
- follow the procedures laid down in the general directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
- state whether particular matters have come to my attention.
## **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:
- 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
**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
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## **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|
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## **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:_
- _The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006:_
- _The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts._
_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:
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## **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.
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## **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|
|---|---|---|
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## **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**|
|||||
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## **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.
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