REGISTERED COMPANY NUMBER: 03158023 (England and Wales)
REGISTERED CHARITY NUMBER: 1057222
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
FOR
THE COBNOR AcrIvrrIES CEMfRE TRusr
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
P020 7EQ

THE COBNOR ACtIvrriES CENTRE TRusr
CONTENTS OF THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Page
Report of the Trustees
I to 6
Independent Examiner's Report
ststement of Flnanclal Actlvltles
Balance Sheet
9 to 10
Cash Flow Statement
li
Notes to the Flnanclal Statements
12 to 21

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
The frustees who are also directors of the charity for the purposes of the compani￿ Aci 2006, present their report with the
financial ststements of the charty for the year ended 31 October 2024.
OBJEcfivES AND ACTIVITIES
Objectives and activities
The objects for which the charity is established are to help and educate young people in West Sussex and neighbouring counties to
reach their full potential through the provision of outdoor and residential experiences. The charity may, at the Cobnor Activities
Centre, Chldham or elsewhere, provlde or asslst In the provlslon of hlgh quallty educational, developmental and tralning
programmes, including training in safety, environmental studies (e.g., sustsinability) and in the use of the environment.
Our Wision
Give young people the opportunity to participate In safe, enjoyable outdoor, residential and environmental activities, developingi
enat￿Ing and empowering them to Shape their character.
Our Purpose
To deliver high quality activities and experiences which provide positive learning and educational development outcomes, especially
for young people.
Our Values
Responsible,.
act in the best interests of our cornmunity and the environment in which we work.
deliver highly professional safe activities.
Diverse:
Inclusive of all our community, staff & stakeholders.
actwely promote an inclusive environment for all participants to take part,
maintain an emphasis on mental health & wellbeing.
Fun:
encourage young people & adults to enjoy the outdoors, engage with watersports, the environment & participate in an active
Ilfestyle for the long tenr.
Our Cultura
Respectful..
we treat everyone as we would wish to be treated.
Integrlty.,
we are always honest, transparent & committed to our customers.
we collatK>rate openly with each other and build positive relationships.
Enabling & supportive:
we seek to invest in all our people, including our staff, volunteers, students and work experience, providing experience,
mentoring, training and team building to ￿able their development and growth.
Page I

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
OBJEcfIvES AND ACTIVITIES
Our Over Arching Aims
Educating and inspiring young people to reach their fvll potential through providing quality outdwr education activities and
experiences.
Creating opporbjnities for outdoor adventures, enjoyable learning, improved health and well-being, across all ages, in a
designated national landscape. With all activities delivered Safely and professionally through our friendly ethos and experienced
team.
Ensuring sustainable, financial stsbility, with reserve funds to cover three to six months of operational costs.
Seeking to offer a broad range of competitively priced activities & experiences,
Ensuring Cobnor Activities Centre Trust is a rewarding and supportive place to work, instilling a passion for outdoor education
within our team of core staff, seasonal and contract staff and our highly valued team of volunteer
Seeking external funding to support specific initiatives, infrdstructure or equipment to enable and increase inclusivity and access
to outdoor activities.
Alignlng all signlflcant management attions and inve5tfflents wlth reduclng carbon footprint, choosing su5talnable solutions and
minimising impact on the environment.
strateglc Objectlves 2024 - 2027
l. Financial: Generate additional busine55 and appropriate cost contro15 to achieve sustainable, 5urplu5 revenue5 by the end of
2026.
2. Customer: Increase growth in untapped markets and attract a wider educational & community client base and improve client
retention over the next 3 years.
3. Fundraising: Create fund-raising resource5 and action plan, to generate £1.5m external funds for a55et improvement and
revenue growth over next 3 years,
4. Internal business processes.. Create effective key management information systems to improve regular business tracking &
quarterly review by end 2024. Implement systems to ensure all compliance is maintained efficientlv by the end of 2024.
5. HR - leaming & growth: Improve HR processes and staff develotxnent programmes to enhance internal culture and Increase
attractlveness as an employer.
Page 2

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The year ending 31 October 2024 has been a another challenging year for the Twst. In objective terms in providing course and
experiences for chIld￿n and families, the Trust exceeded its expectations by providing courses and education to 3,521 (2,074
2023) schwl children including the 200 school children urKler the Young Helms. We had 1,846 (1,403 - 2023) people on our
product delivery programmes.
In contrast, the financial perfOrrThan￿ of the Trust was disappointing. Fievenue from activities rose by less than inflaknon at 4.4 % to
£546,972 from £523,697. Costs rose by 9.40/tTr to £743,280 from £679,397 or £63,883 after removlng the cost ol the flood costs
reimbursed from the flocmj insurance claim. Staff costs account for most of the overall cost i￿reaSe as these were higher by
£51,844 or 17.80/D compared to the previous year's costs. This reflects the disproportionate increase in the Trusvs employment cost
from changes to the absolute level of the statutory minimum wage and the lowering of the age eligibility for our predominately
young staff.
As a consequence, the Trust had a deficit of £156,613 in 2024 compared to the deficit of £139,848 last year.
The site at Cobnor suffered from a major flood caused by unusually high spring tides and strong winds which affected Chichester
Harbour and particularly the Chidham peninsula in April 2024, There was, fortunatelyi little financial impact from this natural event
as the Trust wa5 fully insured. The Trust received £120,485 relmbursements for the damage 5UStained, of which, 1108,283 wa5 in
dlrect revenue related costs and the balan￿ to replace darn￿ed capital equipment,
The lack of profitability of the activities run by the Trust over the past three years post Covid-19 has been addressed by a thorough
review of all activitie5 and courses with a particular emphasis on restoring profitability to the core school program. This has led to
the Trust implementing price increase5 greater than inflation and earlier a5 well a5 fully charging for compliance with staff ratlos in
accordance with National body guideline5, We can already See in 2025 the p051tive effects of thi5 exercise in revenue and cash
perfomiance and our Intention to show at least a breakeven result looks achievable,
Donations for our tsrgeted courses for young sailors of limited finanaal means and for other gr(￿pS of young sailors with special
needs has irnproved by 124010 or £12,962 to £23,383 from £10,421 in 2023. In historic temis, these donation amounts are modest
and the Trustees have identified this a5 an area to continue to target. Our surplus fund5 earned interest of £6,243 compared to
£4,134 in 2023. Thi5 income source is unlikely to be Significant in 2025.
Capitsl expenditure was £71,516 higher than 2023 and exceeded our depreciation charge by £55,953 as the infrastructure and
boat fleet were upgraded to maintain our accommodation and boat fleets as noted in last years report.
The Tnjst's balance sheet has inevitably ￿ffered from the lack of profitability noted above and cash reserves at the year end
were at a historic low at £14,081 (2023 - £230,479). Consequentlyi we advanced our invoicing process in order to maintain our
liquidity and as a result, debtors rose from £1,480 last year to £295,259 and this money has been successfvlly collected during the
winter months so that the Trust's policy on reseryes of holding enough cash for six months costs without any income and to
provide funds for future capital programmes is restored.
Despte the poor results of the FQSt three years, the outlook for the Trust is very positive following the profitability review leading
to changes in pricing and with a new management team in place coupled with the ongoing spirit and enthusiasm of the staff and
volunteers at Cobnor. In addition, to generate funds in the winter in particular, the Trust has commissioned the replacement of its
climbing wall by building an upgraded and enhanced climbing facility which will allow the Trust to train students of all ages in the
non-sailing season. The funds for the facility are teing donated by generous sponsors and at the time of writing this report, the
required funds have been fully committed to the Trust by these sponsors, allowing the Trust to meet the its objective of having the
facility fiJlly OFerational by 30 June 2025.
The Trust is very proud that it c(mtinues to make a positive difference to so many children.
Page 3

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
ACHIEVEMENT AND PERFORMANCE
Voluntsers and staff
The Trustees have confirmed the appointment of Tom Collins as Chief Activities Officer folloiving an interim period of pint
leadership with Miranda Powley. The Trustees would like 10 ￿COrd thar appreciats-on of Miranda Powley's twelve years of seNice at
the Trust. During Mirarbda's time with the Trust, the number of students improving their life skills at Cobnor has exceeded over
10,000.
The Trustees continue to recognise the unquantified value provided by the volunteers who support the activities of the centre in
dlvetse ways, helplng repalr equipment and boats, provldlng safety cover, Instructlon and general support. In 2024 962 hours
(1,043 - 2023) of help was provided by these 8 volunteers; we are very grateful for their contribution.
The Trustees also express thanks to all the paid staff for their dedication and flexibility, having more than risen to the challenges of
the various changes in leadership.
Young Helms project
CACT'S targeted programme to children and young adults between the ages of 8 and 25 in receipt of special means from certain
local schools continues to prosper. This year we have worked with four separate schoolslorganisations to enable 200 (49 - 2023)
young people to develop their confidence, determination and teamwork through keelboat sailingi a major achievement for CAcr
and its funders.
Reserves pollcy
The Trust's unrestricted reserves are reviewed by the Trustees on a quarterly basis to ensure that it maintains at least six months
committed operating expenditure in cash (after deducting the cost of all approved grants) to manage against unforeseen
circumstances.
Small company provlslons
This report has been prepared in accordance with the small company's regime under the Companies Act 2006.
STRucfuR4 GOVERNANCE AND MANAGEMENT
Structure, Governance and Management Governing Document
The Trust wa5 established in 1996 following a decision by Vle5t Sussex County Council to no longer to fully fund the activitie5 of
the Trust. The Cobnor Actlvity Centre Trust is a reglstered charity govemed by Its Memorandum and Artlcles and was Incorporated
in 1996 as amended by special resolutions registered at Companies House. The Trust is 2 company limited by guarantee and has
no share capital. The legal members of the charitable company are the Trustees and the liability of each member in the event of a
winding-up is limited to £1.
Recruitment and appointment of new trustees
The Trust acknowledges the need to identify and regularly revlew the ?ppropriate sklll sets requlred, among Its Board of Trustees,
for effective governance. The Board of Trustees has the power to appoint any other petson as they see 35 fit to be 3 member of
the Board. Potential future members of the Board of Trustees are reviewed for the skills that they have to offer the Trust and new
members of the Board will be inducted through one-to-one sessions with the Chair of the Board and other Trustees,
We wish to thank Michael Camps who resigned in January 2025 and had been a Trustee since 2018 and was instrumental in the
review of the Trusvs structure. We welcome to the Board two new Trustees since last year James Lavery and Peter Binning all who
have great enthusiasm for sailing, young people and Chichester Harbour.
Executive team, key personnel pay & remunerntion policy
The Trustees are responsible for the appointment of the Trus¥s key personnel, currently the Chief Activities Officer as noted above,
who reports to the Board of Trustees. The remuneration was detemiined at appointsnent following an open and competitive
recruitment processes. Remuneration of key personnel is reviewed annually by the Trustees and recommendations for adjustments
are made by the Board of Trustees.
Page 4

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
srRucfuRE, GOVERNANCE AND MANAGEMENT
Public benefit
The Trust reviews its goals, objectives and activities annually to ensure that th&e are in line with its charitsble aims and objectives
and refers to the Charity Commission's guidance on public benefit when reviewing ils own goals and activities. The Trustees ensure
that all current and fvture activities are consistent with the primary goals of the Trust and are of benefit to the public
Risk and incident reporting
The Trustees consider the Trust to have normal exposure to price risk, credit risk, liquidit¥ risk and cash flow risk.
All activities and operational risk management policies and systems are reviewed by the Board of Trustees and if necessary by the
Trusvs legal advisors. All reporting and operational risk management systems used at the Trust have been developed in line with
industry standards and are accredited by the national governing bodies such as the Royal Yachting Association and the various
authorities for the other activities carried out by the Trust. Appropriate levels of insurance for all activities at the Trust are
maintained and reviewed annually includiro Trustee indemnity insurance.
REFERENCE AND ADMINISTRATNE DETAILS
Reglstered Company number
03158023 (England and Wales)
Reg15tered Charlty number
1057222
Regtstered office
Cobnor Point
Chidham
Chichester
West Sussex
P018 8TE
Trustees
M Blackwell
M P Camps (reslgned 161112025)
R I Nackenzie
Ms L Rushall
M D Wright
J Drummond (appointed 1112120231
P Tyler (apt)ointed 111212023)
J G Lavery (appointed 181712024)
P J M Binning cappoint￿l 1811212024)
Independent Examiner
Sam Ede BFP FCA FCCA
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
P020 7EQ
Page 5

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024
REFERENCE AND ADMINISTRATNE DETAILS
Legal advisors
Sherrards
4 A1￿urrne Court
Henfield Road
AILK)urne
West Sussex BN6 9FF
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
HSBC UK
Chichester
94 East Street
Chichester
West Su55ex P019 IHD
Approved by order of the board of trustees on 21 May 2025 and signed on its behalf by:
M D Wright - Trustee
Page 6

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
THE COBNOR AcrivrrIES CEKfRE TRusr
Independent examiner's report to the trustees of The Cobnor Activities Centre Trust ('the Company,)
report to the charity trustees on my examination of the accounts of the Company for the year ended 31 Ottober 2024.
Responsibilities and basis of report
As the charity's trustees of the Company {and also its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Att 2006 ('the 2006 ACYI.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are
eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section
145 of the Charities Act 2011 {'the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charity
Commlsslon under Sectlon 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body, I can confirm that I affl
qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales,
which is one or the listed bodies.
have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving
me cause to believe.,
accountlng records were not kept in respect of the Company as required by Sectlon 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement
that the accounts give a true and fair view ivhich is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recornmended
Practice for accounting and reporting by charities (applicable to charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
have no COn￿rnS and have come across no other matters in connection with the examination to which attention sFKuld be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
Sam Ede BFP FCA FCCA
Lewis 8rownlee (Chichester) Limtsd
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
P020 7EQ
21 May 2025
Page 7

THE COBNOR ACtIvrriES CENTRE TRusr
srATEMENT OF FINANCIAL AcrivrriES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 OCTOBER 2024
2024
Totsl
funds
2023
Total
funds
Unrestricted
fund
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
6,715
16,668
23,383
10,421
Charitable activities
char￿able activities
546,972
546,972
523,697
Investment Income
other income
Totsl
6,243
120 485
680 415
6,243
120 485
697 083
4,134
541200
EXPENDITURE ON
Charitable activities
Charitable activities
NEf INCOMEI(EXPENDITURE)
(157,005)
392
{156,613)
(139,848)
RECONCILIATION OF FUNDS
Totsl funds brought forward
1,363,074
6,212
1,369,286
1,509,134
TOTAL FUNDS CARRIED FORWARD
The notes form part of these financial statements
Page 8

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
BALANCE SHEET
31 OCTOBER 2024
2024
Totsl
funds
2023
Total
funds
Unrestricted
fund
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
15
1,275,031
5,522
1,280,553
1,226,950
CURRENT ASSErs
Stocks
Debtors
Prepayments and accrued income
Cash at bank and in hand
16
17
769
295,259
31,498
769
295,259
31,498
1,049
1,480
230 479
233,008
333,045
8,562
341,607
CREDITQRS
Amounts falling due within one year
18
{372,920)
(7,480)
(380,400)
(57,044)
CURRENT ASSETS
38 793)
175 964
TOTAL ASSETS LESS CURRErir LIABILITIES
1,235,156
6,604
1,241,760
1,402,914
CREDITORS
Amounts falling due after more than one year
19
(29,087)
{29,087)
(33,628)
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
21
1,206,069
1,363,074
1 212 673
1369 286
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31
October 2024.
The members have not required the company to obtain an audlt of its financial ststements for the year enaed 31 October 2024 in
accordance with Section 476 of the Companies Act 2006.
The trustee5 acknowledge their responsibilities for
(a)
ensuring that the charitable company keep5 accounting records that cofflply with Section5 386 and 387 of the Companie5
Att 2006 and
preparing financlal statements which give a true and falr vlew of the state of affairs of the charltable company as at the
end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of
Section5 394 and 395 and which othe￿iSe comply with the requirements of the Companies Act 2006 relating to financial
ststements, 50 far as appllcable to the charltable cornpany.
(b)
The notes form part of these financial statements
Page 9
continued...

THE COBNOR AcfivITIES CENTRE TRUST (REGIsfERED NUMBER: 03158023)
BALANCE SHEET- continued
31 OCTOBER 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the
small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 May 2025 and were signed on its
behalf by:
M D Wright - Trustee
The notes form part of these financial statements
Page 10

THE COBNOR ACtIvrriES CENTRE TRusr
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024
2024
2023
Notas
Cash flows from operating activities
Cash generat￿1 from operations
Interest paid
Net cash used in operating activities
23
(104,726)
{72,473)
105 594
73 539}
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed a55ets
Interest received
Net cash used in investing artivibes
(111,704}
{4Q,188}
4,276
105 461
31778)
Cash flows from finanang activities
Loan repayments in year
Net cash used in financing actlvlb'es
Change In cash and cash equlvalents In
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the Teportin9 period
(216,398)
(110,462}
230 479
The notes form part of these financial statements
Page 11

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
STATUTORY INFORMATION
The charity is an incorporated charity, registered with the Charity Commissioners for England and Wales (1057222) and a
company incorporated In England & Wales (03518023). The charity is controlled by its governing documeni, a deed of
trust, and constitutes a company, limited by guarantee by its Memorandum and Articles of Association, as defined by the
Companies Art 2006. The registered office is: Cobnor Point, Chidham, thichester, West Sussex, P018 8TE.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared in
accoréance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities,. Statement of Recommended
Practice applicable to charits-e5 preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102) and the Conipanies Act 2006. The financial statements have been prepared
under the historical cost conversion.
The financial ststements have been prepared in Sterling. This is the charity's functional and presentstion currency.
Monetary amounts Sn these fSnandal statements are rounded to the nearest £. There are a few rounded dSfferences which
cannot be eliminated.
Golng concern
The trustees have considered the financial position of the charity and the implernented strategies, as described on the
trustee5' report, and are confident that it will be able to continue with it5 activitie5 for the foreseeable future, The tru5tee5
have considered a period of at least a year after the date that these financial 5tstements will be approved. The trustee5
have concluded that it Is approprlote to prepare these accounts on a going concern basls.
Incoming resources
All incoming resources are recogni5ed in the Staternent of Financial Activitie5 (SOFA) once the charity has entitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably,
Donatlons re￿[Vable
Donat￿)nS are recognised in the SOFA when conditions for receipt have been complied with.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commiting the charity to that
expenditure, 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 accounted for on an accnjals bas15 and has been classified under
headings that aggrpgate all cost related to the e2tegory. Where costs cannot be dirertly attributed to particular headings
they have been allocated to attivities on a basis congstent with the use of rescurces.
Charitable activities costs
Charitable activities costs represent expenditure incurred directly for the delivery of the charity's programmes of activity,
fundraising events and support costs in operating the charity.
Governance costs
Governance costs compri* all costs involving the public accountability of the charity and its compliance with regulation and
good practi￿.
Support costs
Support costs represent indirect charitable expenditure which is necessary in order to carry out the primary purposes of the
charity and comprises provlslon of office and financial seNlces.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to
write off each asset over its estimated u*ful life.
Page 12
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
ACCOUNTING POLICIES - continued
Tangible fixed assets
Leasehold land and buildings
Boats and land fleet
Equipment
Motor vehicles
Computer equipment
20/0 on cost
IOO/o on cost
200/0 on cost
IOO/o on cost
20 % on cost
stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowan￿ for ob501ete and slow moving
items,
Taxatlon
The charity is exempt frcTh corporation tax on its charitsble activities.
Fund 8¢countlng
Unrestricted funds can be used In accordance with the charltsble objectives at the éiscretlon of the trustees.
Restricted funds can only be used for particular restritted purposes within the objects of the charity. Restrictions arise
when specified by the donor or when funds are raised for Part￿Ular restricted purposes.
Pension costs
The charity operates a defined contrlbution penslon scheme. Contrlbutlons payable to the charity's penslon scheme are
charged to the Statement of Financial Activities in the peric*J to which they relate.
Govorn•nc• costs
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and
good practice.
Support costs
Support costs represent indirect charitsble expenditure which is neceS￿ry in ordèr to carry out the primary purposes of the
charity and comprises provision of office and financial services.
Cash and cash equivalents
Cash at bank and in hand includes cash and short term deposits wlth a wlthdrawal notlce period of no more than 90 days.
Financial instruments
The charity only has financial assets and financial liabilities that qualify as basic financial instruments which are recognised
at transaction cost and subsequently carried forward at amortised cost.
Page 13
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and
assumptions about the carrying amount of asseis and liabilitses that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experiences and other factors that are considered to be
relevant. Artual results may differ from these estimates.
The estimates and underlying assumptions are remewed on an ongoing basis. Revisions to accounting estimates are
recognlsed In the perlod In whlch the estlmate Is revlsed where the revlslon affects only that perlod, or In the perlod of the
revisiC￿ and future periods where the revision affects both current and future periods.
DONATIONS AND LEGACIES
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Donations
71
INVESTMENT INCOME
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restrirted
funds
Deposit account interest
INCOME FROM CHARrrABLE ACTivrriES
2024
Charitable
activitiej
2023
Total
•rtivitie5
Activlty courses
Residential hire charges
462,936
456,809
523 697
OTHER INCOME
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Gain on sale of tangible fixed assets
Insuran￿ claim proceeds
2,948
120 485
120 485
Page 14
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
CHAIUTABLE AcfIviTIES COSTS
Support
costs (see
note 9)
Direct
Costs
Totals
Charitable activities
851563
853 696
SUPPORT COSTS
Finan
Charitable activities
133
io.
NET INCOMEI(EXPENDrruRE)
Net incomel{expenditurel is stated after chargingl(crediting):
2024
2023
Depreciation - owned as*ts
Loss/(gain) on sale of tsngible fixed assets
Independent examination fees
Accountancy services (including prlor year under provislons)
55,751
2,350
3,500
8,267
46,992
(2,948)
3,300
5,646
ii.
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 Ortober 2024 nor for the year ended 31
October 2023.
Related party transaction disclosu￿$ can be found at note 23.
Trustees, expenses
There were no trustees, expenses pald for the year ended 31 Ottober 2024 nor for the year ended 31 October 2023.
12.
STAFF cosrs
2024
2023
Wages and salaries
Social security costs
Other pension costs
323,818
15,667
277,596
9,674
Page 15
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
12.
STAFF cosrs- continued
The average monthly number of employ*s during the year was as follows:
2024
2023
E number of staff - administration
E number of staff - operational
li
li
The average number of staff members employed throughout the year was 19 (2023 - 19).
No employees received anoluments in excess of £60,000.
13.
COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,380
5,041
10,421
Charitable activities
Charitable activities
523,697
523,697
Investrnent income
Other income
Total
4,134
4,134
536 159
541200
EXPENDITURE ON
Charitable activities
Charitable activities
658 787
NEf INCOMEI(EXPENDITURE)
(122,628)
(17,220)
(139,848)
RECONCILIATION OF FUNDS
Total funds brought forward
1,485,702
23,432
1,509,134
TOTAL FUNDS CARRIED FORWARD
Page 16
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
14.
RESTRicfED FUNDS
Restricted funds at the year end total £6,604 (2023: É6,212).
The majority of this balance relates to one project, with £5,522 in respect of tangible fixed as*ts (with £690 depreckltion
expended during the year) and £1,082 in respert of five other projects (with £15,586 expended during the year).
15. TANGIBLE FIXED ASSETS
Leasehold
land and
buildings
Boats and
land fleet
Equipment
cosr
At l November 2023
Additions
Disposals
At 31 October 2024
DEPRECIATION
At l NuveiTiber 2023
Charge for year
Eliminated on disposal
At 31 October 2024
NET BOOK VALUE
At 31 October 2024
At 31 October 2023
1,350,734
31,436
245,273
39,464
59 757)
76,536
17,884
1382 170
214,649
27,357
167,564
18,637
57 510)
128 691
71,581
4,007
1 140 164
1 136 085
Motor
vehlcles
Computer
equlpment
Totsls
cosr
At l November 2023
Additions
Disposals
At 31 October 2Q24
DEPRECIATION
At l November 2023
Charge for year
Eliminated on disposal
At 31 October 2Q24
NET BOOK VALUE
At 31 October 2024
At 31 October 2023
17,864
120
1,690,407
111,704
60 916)
1741 195
22,800
9,663
3,470
463,457
55,751
58 566)
460 642
2,280
2 280 ￿034
1 280 553
1226 950
20
Page 17
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
16.
STOCKS
2024
2023
Stock5
769
17.
DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
292,736
1,480
295 259
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 20)
Trade creditors
Social security and other taxes
Pension contribution creditor
Accruals and deferred income
5,408
36,029
4,294
3,838
330 831
6,210
15,222
1,884
Deferred income for the year totalled £310,608 (2023.. £12,068) and relates to deposits received and bookings invoiced or
paid in advan￿.
19.
CREDrroRS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
Bank loans (see note 20)
20.
LOANS
The charity received a Government backed boun￿ back loan of £50,000 in 2020. The term of which was interest free for
first 12 months, then a rate of 2.50/0 per annum. The loan Is repayable In full In October 2030.
21.
MOVEMENT IN FUNDS
Net
movement
In funds
At
31110124
At 1111123
Unrestrlrted fvnds
General fund
1,363,074
(157,005)
1,206,069
Restricted funds
Restricted fund
6,212
392
6,604
TOTAL FUNDS
156 613)
121267
Page 18
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
21.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
680,415
(837,420)
(157,005)
Restricted funds
Restricted fund
16,668
(16,276}
392
TOTAL FUNDS
Comparatlves for movement In fvnds
Net
movement
In funds
At
31110123
At 1111122
Unrestrlcted fvnds
General ￿nd
1,485,702
(122,628)
1,363,074
Restrlcted funds
Restricted fund
23,432
(17,220)
6,212
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Résources
expended
Movement
in funds
Unrestricted funds
General fijnd
536,159
(658,787)
(122,628)
Restricted funds
Restrltted fund
5,041
(22,261)
(17,220)
TOTAL FUNDS
541200
681 (H8)
139 848)
Page 19
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
21.
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
31110124
At 1111122
Unrestrlcted funds
General fvnd
1,485,702
(279,633)
1,206,069
Restricted funds
Restrirted fund
23,432
(16,828)
6,604
TOTAL FUNDS
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as
follows..
Incoming
resources
Resources
expended
Movement
In funds
Unrestricted fvnds
General fund
1,216,574
(1,496,207)
(279,633)
Restrlcted funds
Restricted fund
21,709
(38,537)
(16,828)
TOTAL FUNDS
1238 283
1534 744)
296 461)
22.
RELATED PARTY DISCLOSURES
Allonsy Ltd Is a company co-owned by the trustee, M D Wrlght. Durlng the year Allonsy Ltd supplled salling instructor
services to the charity at a cost of £7,100 (2023." £5,185), The transacts'on is considered at arms length and is with the full
knowledge and support of the trustees and the centre manager.
Rushall Partnership is a partnership co-owned by the trustee, Ms L Rushall. During the year Rushall Partnership Supplied
profe55ional services to the charity at a cost of £600 (2023: £Nil). The transattion 15 considered at arms length and 15 With
the full knowledge and support of the trustees and the centre manager.
Page 20
continued...

THE COBNOR ACtIvrriES CENTRE TRusr
NOTES TO THE FINANCIAL sfATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024
23.
RECONCILIATION OF NEf EXPENDITURE TO NET CASH FLOW FROM OPERATING AcfiviTIES
2024
2023
Net expenditure for the reporting period (as per the SLitement of
Financial Activities)
Adjustments for:
Depreciation charges
Loss/(profit) on disposal of fixed assets
Interest received
Inte￿$t paid
Decrease/{increase) in stocks
(Increase}Idecre3se in debtors
Increase ir) c￿dItorS
Net cash used In operatlons
(156,613)
(139,848)
55,751
2,350
(6,243)
868
280
(325,277)
324 158
104 726)
46,992
(2,948}
{4,134}
1,066
(180}
2,741
72 473)
24.
ANALYSIS OF CHANGES IN NET FUNDSI(DEBT)
other
non-cash
changes
At 1111123
Cash flow
At 31110124
Net cash
Cash at bank
and in hand
230 479
230 479
216 398
216 398
Debt
Debts falling due
within l year
Debts falling due
after l year
(6,210)
6,210
(5,408)
{5,408)
33 628)
39 838)
190 641
29 087)
34 495)
20 414)
Total
211 055)
Page 21

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