REGISTERED COMPANY NUMBER." 03328555 (England and Wales)
REGISTERED CHARITY NUMBER: 1061338
Report of the Trustees and
Unavdlted Flnon¢lal Slatements for the Year Ended 31 December 2023
for
The Cobbe Collection Trust
Hadands Accountants INewquoyl Limited
Unit 4, South View House
St Austell Business Park
st Auslell
Cornwall PL25 4EJ

The Cobbe Collectlon Trust
Content5 of the Flnanclol Statements
for Ihe Year Ended 31 December 2023
Page
Report of the Trustees
Independent Examlner's Report
statement of Flnancial Actlvilies
Balance Sheel
Notes to Ihe Financlal Stalements
8 to 15

The Cobbe Collecllon Trust
Report of the Trustees
for the Year Ended 31 December 2023
The tru51ees who ore also directors of the charity for Ihe purposes of the Companies Acl 2006, present their report
with the financiol stolements of the chorily for the year ended 31 December 2023. The trustees hove adopted
the provisions of Accounting and Reporting by Chorilies.. Slatement of Recommended Proclice opplicoble to
charitie5 preparing Iheir accounts in accordance wifh Ihe Financial Reporting Stondord applicable in Ihe UK
and Republic ol Ireland IFRS 1021 leffective l January 20191.
The finonciol statements hove been prepored in accordance with the special provisions of Part 15 of Ihe
Companies Act 2006 relating to small choritoble componies.
Details of Truslees, Registered Office. Bonkers, Independent Exominer. Company Registered Number and
Charity Registered Number may be found on poge$ 3 and 4.
The Charity is a limited Company. limited by guarantee, and is governed by its Memorandum and Articles of
Association. The Trustees confirm that they have had regard to the Charity Commission's public benefil
guidance.
New Iruslees ore selected to bring lo the board such skills os the existing Trustees believe lo be nece55ary for a
bolanced boord. A programme of fomiliarisolion with the workings ol the Charity is being introduced.
The election or re-61ection ol Trustees tokes ploce at a meèting of the Board or by a resolution in writing signed
by all the Trustees. Al the meeling where such o resolulion is presented, a mojorily ol three quarters ol the
Trustees present and entitled to vote musl poss the resolution lor the new Iruslee lo be appointed. Trustee
meetings are held ol least twice a year.
Third porty indemnity irnsurance for the benefit of Trustees wos in force during the year.
OBJECTIVES AND ACTIVITIES
Objectives and actlvttles for the publlc benefbt
The principal octivily ol the Charity in the year continued lo be the promotion of public knowledge ond
appreciolion ol the orl ol keyboard music, ond it is onlicipaled that this will continue for the foreseeable future.
This has been done by acquiring keyboard instrumernts, The Colleclion and by educoting Ihe public and
performers in the history, preservation, mointenonce, renovation and performance of keyboard inslrumen*s,
through the organising or facilitating ol any performance which includes the playing of any keyboard
inslrumenl. This hos also been done by promoting the mainlenance ond enhancement of buildings of
architecturol or historic interest ond the contents thereof including the appropriolè furniture, pointings and "The
Collection referred to obov8. The presenlolion of these ossels ond the educotion ol the public in the history
ond performonce of keyboard instruments are considered lo be lor the benefit ol the pvblic.
Achlevements and performance
RevSew of the year's ocllvilies
The Collection continues lo lulfil an imporlonl role in educating young musicion5 05 wéll increasing numbers of
members ol the generol public who ollend tours of The Collection ond premises al Halchlands Pork.
Finonclal revlew
Revenue generoled by concerts and regular donolion5 is not sufficient to cover the annuol running cost5 of Ihe
Charity. The Trustee5 aim to supplement the established erndowmenl fund when funds allow wilh the ullimate
intention Ihat this fund will produce unrestricted income lo cover the annual running cost5 of the Charify in future
years. Given the level of avoiloble cosh reserve5 and Short term inveglments as 0131 December 2023. the
Trustee5 consider thol the going concem basis of accounting continues lo be appropriate. The Trustees
continue to moke efforts to secure new donors to further strengthen the financial position.
Poge I

The Cobbe Collection Trust
Report ol the Trustees
for the Year Ended 31 December 2023
FINANCIAL REVIEW
Rlsk management
Trustees have idenlified and considered major risks to which the Charity is exposed, and hove reviewed controls
in ploce to minimise loss or damoge from such risks.
The Charity will endeovour to keep in ploce appropriate securily measures, fire protection, and policies of
insurance. Use of the instrument5, ond the environment in which Ihey are ploced will ieflecl the need to
safeguard their condition. A progromme is operated of maintenonce and re51oralion of in51ruments in the
Collection. Policies of insurance are lo be maintained to cover public liability. employer liobility, ond third party
risks.
Trvslees have charged the monogement leam lor1151ic direclor, concert orgoniser, financiol conlrollerl with
responsibility lor day-to-day assessment and monogemenl ol risk. A sub committee comprising al lea51 one
Trustee, and at lea51 one member of the monogemenl teom, will meet annually lo review risk exposure and
make suitable recommendotior15 to the full boord of Trustees.
Inveslment pollcy
Following Truslee's decision in October 2016, investments held in Sarosin's Alpa CIF Endowment fund were sold
in February 2017 and placed under monagemenl by Elston Consulting, o compony owned by Henry Cobbe.
Investmen15 hove subsequently been mode and continue to be held ot Coulls & Co.
The Trustees consider inveslmenl performonce and risk profile ol leosl bionnuolly ond, on the bosi5 01 this and
external advicè wh8r8 oppropriole. would seek to rebalonce the portfolio should it no longer meet their
investment objecliv6S.
Reserves pollcy
This policy, together with the investment policy, hos continued lo be supported by the Trustees.
The goals lor resetves can be oullin8d Ihu5-
To fund operolionol expenditure should other sources ol revenue temporarily be suspended by holding
unrestricted reserves equivalenl to opproximolely six month's operational expenditure, excluding
concert related expenditure and the effect ol ony income not yel due bul which is required lo be
included in the accounts in accordonce with occounling slondords. One year's operotional
expenditure is currently expected to be in the region of £130,000.
2 To provide immediate access lo funding should opporlunilies arise lor addilionol items lor the
Collection that ore not immediately funded by third partie5.
In the absence ol I I l or121, to act os a multi-year endowment to provide recurring income lo support
the Chorily in perpelvity.
PLANS FOR FUTURE PERIODS
The Chorily aims..
l . To maintain, conserve and develop the existing Colleclion..
2. To give live concerts ond make recordings ol our unique historic ond composer owned colleclion,.
3. To encourage scholarship studie5 and young musicians lo experience ploying historic instruments ond to
access our archives and documen15 to further their studies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing docvmenl
The charity is controlled by its governing document, a deed of trust, and constilules o limited company, limited
by guarantee, as defined by the Companie5 Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03328555 (Englond ond Wolesl
Registered Charlty number
1061338
Page 2

The Cobbe Colleclion Trvst
Report ol the Trustees
for the Year Ended 31 December 2023
Reglslered office
Hotchlands Pork
Halchlands
Eost Clandon
Svrrey
GU4 7RT
Trvstees
The Lady Egremont (Chairman)
Geoff Richords
Sir Hugh Roberts GCVO FSA
David Campbell
Independent Examlner
Horlands Accountan15 (Newquayl Limited
Unil 4, South View House
Sl Auslell Business Park
Sl Auslell
Cornwoll PL25 4EJ
Bankers
Coutts & Co
440 Strand
London
WC2R OQS
Approved by order ol the board of Iruslees on ...Ii.. kn-,J L¥.4..... and signed on its behalf by:
The Lady Egremont- Trustee
Page 3

Independenl Examlner's Report to the Trustees ot
The Cobbe Collectlon Trust
Independent examlner's report lo the Irustees of The Cobbe Collecllon Trvsl {'the Company,)
I report lo the charity Iruslees on my examination ol the accounts ol the Compony for the year ended
31 December 2023.
Responslbllllles and basis of report
As Ihe chorily's Iruslees of Ihe Company lond olso its directors for the purposes of company lowl you are
responsible for the preparolion of the accovnts in occordance with the requirements of the Companies Act
20061.the 2006 Act'i.
Having satisfied myself Ihol the accounts of the Comporny ore nol required to be audited under Part 16 of the
2006 Acl and are eligible for independent examination, I report in respect of my examination ol your chority's
account5 a5 carried out under Section 145 of the Chorities Act 2011 I'lhe 2011 Acl'l. In carrying out my
exominolion I have followed the Directions given by the Chority Commi55ion under Section 145151 Ibl of the 2011
Act.
Independent examlner's statement
I have completed my exominalion. I confirm that no matters hove come to my otlention in connection with the
exomirlalion giving me cause lo believe..
accounting records were nol kepl in respect ol the Company os required by Seclion 386 of the 2006 Act.,
or
the accounts do not occord with Ihose records,. or
the accounts do not comply with Ihe accounting requirements of Section 396 01 the 2006 Act other thon
any requirement Ihol the occounls give a true and lair view which is not a maller considered os part of
on independent examinolion-, or
the accounts have not been prepored in accordance with the methods and principles ol the Statement
of Recommended Proclice for accounting and reporting by chorilies lopplicable lo charities preporing
their accounts in occordonce with Ihe Financial Reporting Slandord opplicable in the UK and Republic
of Ireland l FRS 10211.
I have no concerns and hove come across no other mallers in connection with the excminalion lo which
attention should be drawn in this report in order to enoble a proper understanding ol the occounls to be
reached.
Deborah Edwards BA (Honsl FCA
Harlonds Accounlonts INewquayl Limited
Unil 4. Soulh View House
st Au51ell Busine55 Park
st Au51ell
Cornwall PL25 4EJ
Date: ...........................0711112024..................
Page 4

The Cobbe Collection Trvsl
statement of Financial Activilies
for the Year Ended 31 December 2023
31.12.23
Tolal
tunds
31.12.22
Total
fund5
Unrestricted
fund
Reslricted
funds
Endowment
fund
Noles
INCOME AND ENDOWMENTS
FROM
Donotions and legocies
42,096
42,096
136,678
Investment income
18,813
18,813
38,514
Totol
42,096
18,813
60,909
175,192
EXPENDITURE ON
Raising funds
4.654
4.654
Charllable activllles
Charitable
130.840
807
131.647
188,858
Total
135,494
807
136,301
188,858
Ne* goins on investments
8.346
8,346
NET INCOME/(EXPENDITURE)
Transfers between funds
(93.398)
73,566
26.352
73,566)
{67,046)
113,6661
Net movement In fvnds
(19,832)
(47,214)
(67.046)
113.6661
RECONCILIATION OF FUNDS
Tolol funds brought lorword
104,228
1,548,655
488,586
2,141,469
2.155,135
TOTAL FUNDS CARRIED
FORWARD
84,396
1,548,155
441,372
2,074.423
2.141,469
The noles form part of these finonciol slotements
Page 5

The Cobbe Collection Trust
Balance Sheel
31 December 2023
31.12.23
Tolol
funds
31.12.22
Total
funds
Unrestricted
fund
Restricted
funds
Endowment
fund
Notes
FIXED ASSETS
Heritage assets
Inveslmen15
73.707
1.548.655
7.622,362
441.372
1,624,510
488,586
441.372
73,707
1,548,655
441,372
2,063,734
2,113,096
CURRENT ASSETS
Debtors
Cash al bank and in hand
10
12,585
20.866
12,585
20,866
3,150
66,534
33,451
33,451
69,684
CREDITORS
Amounts lolling due within
one yeor
(22,762)
(22.762)
141,3111
NET CURRENT ASSETS
10,689
10.689
28,373
TOTAL ASSETS LESS CURRENT
LIABILITIES
84,396
1.548,655
441.372
2,074,423
2,141,469
NET ASSETS
84,396
1,548,655
441.372
2.074,423
2,141,469
FUNDS
Unrestricted funds
Restricted funds
Endowment fund5
84.396
1,548.655
441.372
104,228
1,548,655
488,586
TOTAL FUNDS
2,074,423
2,141,469
The choriloble compony is entitled lo exemption from oudil under Section 477 01 the Companies Act 2006 for
the year ended 31 December 2023.
Thè members hove not required Ihe company lo obtain on audit of its linonciol slolements for the yeor ended
31 December 2023 in accordance with Section 476 of the Companies Act 2W6.
The trustees ocknowledge their regponsibilities for
ensuring Ihol the chcrilable company keeps occounting record5 Ihol comply with Seclions 386 and 387
ol the Companies Act 2Q06 ond
preparing finonciol 5tatement5 which give a true and lair view ol the slate of affairs of the charitable
compony as at the end of each financial year and ol its surplus or deficit lor eoch finonciol yeor in
accordonce with the requirements ol Sections 394 and 395 and which otherwise comply with Ihe
requirements ol the Companies Act 2006 relating lo linonciol slolemenls, so lar os opplicable lo the
charitable company.
Ibl
The noles form part of these financial statemenls
Fage 6
conlinued...

The Cobbe Collection Trust
Balance Sheet- Contlnued
31 December 2023
These finoncial slatemenls have been prepared in occordonce with the provisions applicoble to charitoble
companies subject to the small companies regime.
The financial stolemenls were opproved by the Boord of Trustees and outhorised for issue on
and were signed on its beholf by..
The Lady Egremonl- Tru51ee
The notes form part of these financiol statements
Page 7

The Cobbe Collection Trust
Noles to the Flnanciol Stotements
for the Year Ended 31 December 2023
GENERAL INFORMATION
The Charity is a Limited Company. limited by guorontee with company number 3328555. the registered
office is Hatchlands Park, Hatchlands. Wesl Clondon, Surrey, GU4 7RT.
ACCOUNTING POLICIES
asls of preparing the financlal statemenls
The linonciol statemen15 01 the charitable compony. which 15 a public benefit entity under FRS 102. hove
been prepored in occordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Chorities..
stotement ol Recommended Practice opplicoble to chorilie5 preparing their accounts in accordance
with the Finoncial Reporting Standard applicable in the UK ond Republic of Ireland IFRS 1021 lellective I
Jonuory 20191,, Finonciol Reporting Stondord 102 'The Financial Reporting Standard applicable in the UK
ond Republic of Irelond, ond the Companies Act 2006. The linoncial stotements have been prepared
under the historical cost convention, with the exception of investments which are included al market
value, os modified by the revalualion ol certain assets.
Revenue generated by concerts and regular donations is nol sulficienl to cover the onnual running costs
ol the Chorily. The Trustees aim to supplement the established endowment fund when funds allow with
the ullimole intention Ihol this fund will produce unrestricted income to cover the annual running costs
of the Charity in future yeors. Given the level ol available cosh reserves and short term investments as af
31 December 2018, the Trustees consider Ihol the going concern basis ol accounting conlinues lo be
appropriate. The Trustee5 conlinue to make ellorls to secure new donors lo further strengthen the
financiol position.
Income
All income is recognised in the Statement of Finonciol Activities once the charity has enlillement lo the
lunds, il is proboble that the income will be received ond the amount can be measured reliobly.
Expendlture
Liabilitie5 are recognised os expenditure os 500n os there is a legol or conslruclive obligation committing
the charity to that expenditure, il is probable Ihol a Iransler ol econornic benelils will be required in
selllemenl and the amount of the obligolion con be meosured reliably. Expenditure 15 accounted for on
on accruols bosis and h05 been classified under heodings that oggregale oll cost related lo the
category. Where c0515 connot be directly ollribufed lo porticular heodings they hove been ollocated lo
octivilies on a bosis consislenl with the use ol resource5,
Allocatlon ol governance costs
Governance costs comprise Ihe costs ol preparing the accounts and independent exominalion are all
allocated lo charitable oclivities.
Irrecoverable VAT
Irrecoveroble V A T is charged against the expenditure heading for which il was incurred.
Realised galns and losses
All goins ond1055es are taken to the Statement of financial activities os they orise. Reolised goins and
1055es on investments ore colculoted os the difference between soles proceeds ornd their opening
carrying value or their purchose value if acquired subsequenl lo Ihe first day ol the financial yeor.
Unreolised gains ond losses are calculated os the difference between the fail value at the year end and
their carrying volue. Reali5ed ond unrealised inveslmenl gains and105ses are combined in the Stotemenl
of Finoncial Activities.
Tanglble fixed assels
Expenditure on fixed ossets in exce55 of £300 is capitalised al originol cosl.
Depreciation is provided al the following annual roles in order to write off each asset over its
estimated useful life.
Off ice equipment - 25% slroight line
Composer prints ond furnishings - 210 Straight line
Page 8
continued...

The Cobbe Collecllon Trvst
Notes to the Flnonclal Statements - contlnued
for the Year Ended 31 December 2023
ACCOUNllNG POLICIES - continued
Tanglble fixed ossels
Keyboords ale not deprecioted becouse it is the policy of the Charify lo maintain them lo a hi9h
standord ond any depreciation would not be material.
The keyboord5, composer prin15 and furni5hing5 held by Ihe Charily are classified a5 heritage asse15 under
SORP 2005. These osset5 are held in the furtherance of the choritoble objective of the development,
promotion ond mointenonce of its keyboard collection.
Keyboard inslruments, classified 05 heritage 055els, purchased by or donated to the Charity are
copilolised ol a voluolion. Olher heritage ossels, purchased by the Charity are capitolised at their
hisloricol cost lo the Chority. Other heriloge ossels donoted lo the Charily are not recogrnised in the
finoncial statements in occordance with the policy lor donoled ossets as sel out below.
Heritage ossels are deprecioled in accordonce with the depreciation policy Sel out above.
Donoted Instruments
Various keyboards hove been gifted by Alec Cobbe, the Iliffe Family Tru51 and Dr Vernon Horrison.
Donated keyboard instruments ore included in the finonciol slolements ol a valuolion 05 0 relioble
valuolion is availoble. However, ony other ossels have not been capilalised in the financial statements
since they are unique and ony valuation would not be reliable.
Taxallon
The chorily is exempl from corporolion tax on its charitcble activitiès.
Fund aecL)vnlSng
Unreslricled funds ccn be used in accordance with the charitoble objectives ol the discretion of the
trustees.
Reslricled funds con only be used for porliculor reslricled purposes within Ihe objecls ol the chorily.
Reslriclions orise when specified by the donor or when fund5 ure raised for particular reslricled purpose5.
Further explanation of the nature and purpose of each fund 15 included in the notes lo the linonciol
slalements.
Investment$
Investments ore stated al morket volue al the bolonce sheet dale. Thè SOFA includes gain5 and losses
orising on disposal and on revaluations.
INVESTMENT INCOME
31.12.23
31.12.22
Investment income
18,813
38,514
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor lor the
year ended 31 December 2022.
Trustees, expenses
There were no trustees, expenses poid for the yeor ended 31 December 2023 nor for the year ended
31 December 2022.
Page 9
continued...

The Cobbe Collectlon Trust
Notes to the Flnonclal Statements - contlnued
for the Year Ended 31 December 2023
STAFF COSTS
2023
2022
Gross solaries linc redundoncyl
The averoge monthly number of employees during the year w05 05 follows..
31.12.23
31.12.22
Monagement and administrolion
No employee5 received emoluments in exce55 of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Reslricted
funds
Endowment
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
136,678
136,678
Investment income
38,515
38,514
Total
136,677
38,515
175,192
EXPENDITURE ON
Charllable actlvllles
Charitable
112,710
76,148
188,858
NE[ INCOME/(EXPENDITURE)
Transfers befvieen Ivnds
23.967
30,000
137.6331
30.0001
113,6661
Net movement In funds
53,967
167,6331
113,6661
RECONCILIATION OF FUNDS
Tolol funds brought forward
50,261
1,548,655
556,219
2,155,135
TOTAL FUNDS CARRIED FORWARD
104,228
1 .548,655
488,586
2,141,469
TANGIBLE FIXED ASSETS
Computer
equipment
COST
At l Jonuory 2023 and
31 December 2023
17.100
DEPRECIATION
Al l Jonuory 2023 ond
31 December 2023
17.100
NET BOOK VALUE
Al 31 December 2023
At 31 December 2022
Page 10
continued...

The Cobbe Colle¢lion Trust
Notes to the Flnonciol Statements - continued
tor Ihe Year Ended 31 De¢ember 2023
HERITAGE ASSETS
Total
MARKET VALUE
Al l January 2023 and
31 December 2023
1,672,585
PROVISIONS
At l Januory 2023
Charge lor yeor
48,075
2,148
Al 31 December 2023
50,223
NET BOOK VALUE
Al 31 December 2023
1,622,362
At 31 December 2022
1.624,510
The historical cost of the heritage assets above excluding donated assets was £397,11612022: £397.1161.
The Charity's heriloge assets comprise keyboards, composer prints and furnishings which ar8 locoted at
Halchlands Pork. All such ossets ar8 considered lo be heriloge assets.
Of the thirty instruments held by the Charity. six were purchased by the Charity. These are included in
the financial 51olemen15 al a valuation. During 1998 a subslanliol collection of keyboards was donoted
by Alec Cobbe ond a 1623 English Harpsichord was donated by the Ilille Fomily Trust. During 1999 0
Ducci Piano was donated by the lole Vernon Horrison. During 2001 0 Grand Piono by Bechstein used
by Li5Zt in concert. was bequeathed by Ihe late Dr. Vernon Harrison. Donated keyboard instruments ore
included in the financial slalemenls at a valualion. Also during 2001, a chair owned by Liszt was donoted
by Mr5 Kalrinka Wilder. No value has been placed on this item due lo ils historic noture.
The Trustees. policy is lo retain, manage and preserve these heritage asse15 lor the benelil of the public
ond future generotion5. The Trustee5 would consider the purchase of further heritage osset5 shovld
suitablè pieces become ovoiloble and il odequole funding were in ploce.
The Tru51ee5' policy is to dispose ol o heritage 055è1 only il the asset were no longer considered lo be on
inlegrol port of the Collection, where a suitable buyer hod been identified ond an oppropriale price
achieved. No immediote disposals ol heritage assets ore envisaged.
Comprehensive records are maintained of the heritoge ossets.
Registers are mainloined lor
adminislrolive purposes and guides lo the Collection ore produced for public informotion.
The Trustees have on oclive moinfenance and resloralion progromme for the herilage ossels. The use
ol the instruments ond the environment in which they are placed will inform the need lo soleguard their
condition and public acce55ibility lo the Collection.
The public has access lo the keyboord colleclion, composer prints and furnishings. The Collection is
available lo view as part of the Nolionol Trust lour of Halchlonds Pork or by allendonce ot one of the
series ol concerts and talks orgonised by the Charity. These performonces may include the playing of
any keyboard instrument from the Collection.
Attendance at the concerts 15 conslrained by Ihe capacity ol the music room but the Truslee5 Strive to
ensure thol the r)umber of visitors is moximised.
It is not practicable to provide a heritage a55el summary for periods earlier thon 31 December 2010. No
assets were purchased or ocquired by donation in the period 2011 10 2014. In the period 2015 to 2017
inclusive, the Charify purchased 9 keyboards with a tolol investmenl cost of £109.500 and in 2018. the
year under review, a further 3 pieces - Clovecin Royal. Kirkman Harpsichord ond Weber piono - for the
sum of £43.400.
Poge 11
continued...

The Cobbe Collection Trust
Notes to the Flnanclal Statements - continued
for the Year Ended 31 December 2023
HERITAGE ASSETS - conlinued
One 0$5etwos disposed of in 2010. The osset hod o net book value of£7,292 and the disposal oeneroted
a Ioss of £3,292.
The values Qt which heritage ossets have been included in the financial slatements are bosed on a
voluotion reporl prepared by Sotheby's Valuation Deportment for insurance purposes in Januory 2007.
The valuolion5 hove not been updated since this date as Ihey hove been reviewed by the Trustees ond
ore considered lo be o foir representation of the current value of the instruments in the Collection.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
Al l Jonuary 2023
Disposols
Revaluolions
488,586
(55.560)
8.346
At 31 Decèmber 2023
441,372
NET BOOK VALUE
Al 31 December 2023
441,372
At 31 December 2022
488,586
There were no investment assets outside the UK.
Cosl or valuation at 31 December 2023 is represented by..
LSsted
Inveslmenls
Valuotion in 2023
441,372
31.12.23
31.12.22
Coutts & Co
441372
10.
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.72.23
31.12.22
VAT
Prepoyments and accrued income
10,966
1,619
1,556
1,594
12,585
3.150
Page12
conlinued...

The Cobbe Collectlon Trust
Notes to the Flnanclal Statements - continved
for the Year Ended 31 December 2023
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Trade creditors
Accruals and deferred income
13.842
8.920
5,031
36,280
22.762
41,311
12.
MOVEMENT IN FUNDS
Net
movemenl
in funds
Transfers
befvieen
funds
At
31.12.23
Al 1.1.23
Unre$lricled funds
Generol fund
104,228
(93,398)
73,566
84,396
Resfri¢ted fvnds
Broodwood trust fund
Alec Cobbe trust fund
Donated instruments fund
25,000
236,355
1,287,300
25,000
236.355
1,287,300
1.548,655
1,548.655
Endowment funds
Endowment Fund
488.586
26,352
(73,566)
441.372
TOTAL FUNDS
2,141,469
67.046)
2,074,423
Nel movement in funds, ￿ncluded in the above are os follows..
Incoming
resources
Resources
expended
Gains and
losse5
Movement
in funds
Unreslrlcted fund$
General fund
42.096
{135,494)
(93,398)
Endowmentfunds
Endowment Fund
18,813
(807)
8.346
24.352
TOTAL FUNDS
60,909
136,301)
8,346
67.046)
Page 13
conlinued...

The Cobbe Collecllon Trust
Notes to the Financlal Statemenls - conllnued
for the Yeor Ended 31 December 2023
12.
MOVEMENT IN FUNDS - conllnued
Comporallves for movement In fund$
Net
movement
in funds
Transfers
behveen
fund5
At
31.12.22
At 1.1.22
Unreslrlcted funds
Generol fund
50.261
23,967
30,000
104.228
Reslricled funds
Broadwood trust fund
Alec Cobbe Irusl fund
Donated instruments fund
25,000
236,355
1.287,300
25,000
236,355
1.287,300
1,548.655
1,548,655
Endowment funds
Endowment Fund
556.219
137,6331
130,0001
488,586
TOTAL FUNDS
2,155,135
13,6661
2,141,469
Comporalive nel movement in funds, included in the above ore as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unre51ilcled Ivnds
General fund
136,677
1112.7101
23.967
Endowment lund$
Endowment Fund
38,515
176,1481
137,6331
TOTAL FUNDS
175,192
188,8581
13,6661
A current year 12 months and prior yeor 12 months combined p05ilion is os follows..
Nel
movemenl
in fund5
Transfers
between
funds
At
31.12.23
All.1.22
Unreslricted fvnd$
Generol fund
50,261
169,4311
103.566
84,396
Reslrlcted fvnds
Broodwood trust fund
Alec Cobbe trust fund
Donoted instruments fund
25,000
236.355
1.287,300
25,000
236,355
1,287.300
1,548,655
1,548,655
Endowment funds
Endowment Fund
556,219
1103,5661
441,372
TOTAL FUNDS
2.155.135
80.7121
2.074.423
Page 14
continued...

The Cobbe Colleetlon Trust
Notes to the Flnanclal Statements - continued
lor the Year Ended 31 December 2023
12.
MOVEMENT IN FUNDS - continued
A current yeor 12 months and prior yeor 12 monlhs combined net movement in funds, included in fhe
above are as follows..
Incoming
resources
Resources
expended
Goins and
losses
Movement
in funds
Unreslri¢led fvnds
Generol fund
178,773
1248.2041
169,4311
Endowmentfunds
Endowment Fund
57,328
176,9551
8,346
TOTAL FUNDS
236,101
325,1591
8,346
80,7121
Endowment Fund..
The expendable endowment fund was creoled in order lo ensure the
long term future of the Charity. The intention is that once the fund ig 01
the plonned level of £4,000,QOQ the investmenl income generated will be
sufficient lo cover onnual expenditure without relionce on donoled
income.
Broodwood Trust:
The Broadwood Trvsl represents funds received lor the ocquisilion of a
Grond Pianolorle by John &roodwood & Sons, London 1816.
Alec Cobbe Fund:
The Alec Cobbe Fund represents money donated lo the Charity by Alec
Cobbe, but does not reflect the volue ol in51rumen15 which he donated.
The fund was e51ablished lo give the Trustee5 an enabling fund for such
improvemen15 to the Collection, bul with particular regard to its selling.
as might not be considered lo be a main coll on the income provided
by Donold Kahn for running the Collection.
Adopt on Instrument
Fund..
The Adopt an Instrum6nt Fund was $81 up in 2011 for thé purpose of
funding moinlenance expenditure lor individuol instrumen15. Any
balancè remaining represents vnspenl restricted donations received for
this purpose.
Monvment Trust Fund:
The Monument Trust Fund represents funds received as a contribution lo
Ihe costs of employing the concert manager.
Donated Instrument Fund.. The Donated In51rumen15 Fund represents the value ol keyboard
instrumen15 donated lo the Charity belween 1998 and 2001 by Alec
Cobbe, the Ililfe Family Trust ond Dr Vernon Harri50n.
13.
RELATED PARTY DISCLOSURES
During the yeor. the trust paid £48,00012022'. £44,900) lo A Cobbe for consultancy service5 rendered.. Mr
Cobbe is o member of the founding lomily thot created the Cobbe Collection of musical instruments
and pieces of ort.
Poge 15