The Cogwheel Trust (Internatlonal) Llmlted
(a company limited by guarantee)
Report and Financial Statements
For the year ended 31 March 2024
Charity number: 1100931
Company number.. 04836866

The Cogwh••l Trust Ilnternational) Limited
Trustees. Report for the year ended 31 March 2024
Trustees
The twstee5 who served during the year under review vRre'.
Andrew FaiDNeather
Adrian Cooper
Patricia Grimwood
Company Secretary:
Lorna Hammond
Registered offtce:
16 Broad Street. Eye, IP23 7AF
Registered charty number: 1100931
Registered company number: 04836866
Independ•nt Examin8r:
The Laurel Partnership, 16 Broad Street, Eye, IP23 7AF
Structure, governance and management
The charity is a charitable company limited by guarantee incorporated on 18 July 2003.
Objectives and activities
The object of the charity is the advancement of the Christian Faith, education and relief of poverty for men,
women and children in Uganda, India and other less developed countries who are in need. hardship or
distress.
Financial Review
The Statement of Financial Activities for the year is set out on the following pages.
Results and reserves
The charity reviews ils policies each year. It has identified the need to achieve reserves which equate to three
months normal running costs of its business and services which currently amounts to approx. £33,000.
Relevant reserves are calculated after deduction of fixed assets and restricted funds.
Risk management
The Trustees have examined the major strategic. business and operational risks which the charity faces and
confirm that systems have been established to enable regular reports to be produced so that the necessary
steps can be taken to lessen these risks.

The Cogwheel Trust {International) Limited
Trustees. Rèport for th• year ended 31 March 2024
Truste•s' responslbllities in relation to thè financial statements
Cornpany law requires the trustees to prepare financial statements for each financial period which give a true
and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In
preparing those financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements", and
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 which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Ad 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
This report was approved by the trustees on I I
L* and signed on their behalf by..
A Cooper
Trustee

The Cogwheel Trust {International) Limited
Independent Examlner's Report to the Trustees of The Cogwheel Trust (International) Limlted
for the year ended 31 March 2024
I report on the accounts of The Cogwheel Trust {Intemational) Limited for the year ended 31 March 2024.
which are set out on pages 4- 10.
Respective responsibilities of trustees and examiner.
The charivs trustees are responsible for the preparation of the accounts in accordance with the Charities A
2011 ("the Act.).
The charitrfs trustees consider that an audrt is not required for this year under section 144 of the Act and that
an independent examination is needed.
It is my responsibility to..
(i) examine the accounts under section 145 of the CharitFes Act,
(li) to follow the applicable Directions given by the Charity Commission (under section 145{5)(b) of the Act,
(iii) to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of Ihe accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the
accounts, and seeking explanations from the 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 fairf 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 material matters have come to my attention (save for the matters raised
in the trustees report) which gives me cause to believe that in, any material respect..
(i) the accounting records were not kept in accordance with sedion 130 of the Charities Act- or
(li) the accounts did not accord with the accounting records; or
(iii) the accounts did not comply with the applicable requirements concerning the form and content of accounts
set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that the accounts
give a'true and fairf view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Matthew Aldous FMAAT
16 Broad Street
Eye
Suffolk

The Cogwhael Trust {Intemational) Limlted
Statement of Flnanclal Actlvltles
for the year ended 31 March 2024
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Totsl
Funds
2023
Note
Incoming Resources
Donations, legacies and grants
Investment income and interest
Other income and resources
77,596
77,596
358
40,857
76,948
79
33,702
358
40.857
Totsl incomlng resources
41.215
77,596
118,811
110.729
Resources expended
Charitable activities
Governance costs
12,986
24,517
86,861
99,847
24,517
106,391
24,781
Total resources expended
37,503
86,861
124,364
131,172
Net incomel(outgoing) resources before trai
3,712
{9,2651 (5,663)
(20,443)
Transfers between funds
Net in¢omlng resources
3,712
9,265
5,553
20,443
Fund balances as at 1 April 2023
18,895
71,257
52,362
72,805
Fund balances as at 31 March 2024
12
46,809
52,362

The Cogwheel Trust {International) Limlted
Balance Sheet
as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
1,219
855
Current assets
Debtors and prepayments
Cash at bank and in hand
10
16,028
30.750
46,778
15,350
37.371
52,721
Creditors: amounts falling due within one year 11
1.188
1,214
Net current assets
45,590
51,507
Net assets
46,809
52,362
Funds
Unrestricted
Restricted
12
(15,1831
61,992
46,809
(18,895)
71,257
52,362
12
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an
audii under section 477 of the Companies Act 2006. Members have not required the company to
obtain an audit in accordance with section 476 of the Act.
The directors a¢knO￿edge their responsibilities for complying with the requir8ments of the Companies
Act 2006 wf(h r8spect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act
2006 applicable to companies subject to the small companies, regime.
A Cooper
Director
Approved by the board on

The Cogwheal Trust {Inl8rnational) Limited
Notes to the accounts
as at 31 March 2024
Accounting pollcles
Basis of preparation
The financial statements have been prepared under the historical convention and in accordance with
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) - (Charities SORP {FRS 102)) and the Companies Act 2006.
The charity has availed itself of Paragraph 3 (3) of Schedule 4 of the Companies Act and adapted the
Companies Act fomats to reflect the special nature of the charit￿s adivities.
Fund accounting
General funds are unrestricted funds which are aval￿ble for the use at discretion of the trustees in
furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds compromise unrestricted funds that have been set aside by the trustees for particular
purposes, The aim use of each designated fund is set out in the notes to the financial statements.
Restricted funds are to be used in accordance with specific restrictions imposed by donors of which have
been raised by the charity for particular purposes. The cost of raising and administering such funds are
charges against the specific fund. The aim of use of each restricted fund is set out in the notes to the
financial statements.
Endowment funds represent those assets which must be held permanently by the charity. principally
investments. Income arising on the endowment funds can be used in accordance wrth objects of the charity
and is included in unrestricted income. Any capital gains or losses arising on the investments from part of
the funds. Investment management charged and legal advice relation to the fund are charged against the
fund.
Investment income and gains are allocated to the appropriate fund.
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the inwme and the
amount Can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of charty being
notified of an impending distribution or the legacy being re￿ived.
Gifts in kind dcnation for distribution are included at valuation and recognised as income when they are
distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated
facilities are included at the value to the charty where this can be quantified and a third party is bearing the
cost. No amounts are included in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classrfied under the headings that
aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings
they have been allocated to activities on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of
disseminating information in support of the charitable activities. Support costs are those incurred directly in
support of expenditure on the objects of the charity. Management and administration costs are those
incurred in connection with the administration of the charity and compliance with the constitutional and
statutory requirements.

The Cogwheel Trust (International) Limitod
Notès to the accounts
as at 31 March 2024
Tangible fixed assets
All assets capitalised are recorded in the Financial Statements at cost.
Depreciation is provided at rates calculated to write off the Cost of each asset over its expected useful lrfe,
which in all cases is estimated al 250A on a reducing balance basis.
Incoming rosources - Donations, Legacies and Grants
Total
Funds
2024
Totsl
Funds
2023
Sponsorships
Donations - Gifts for sponsored children
74,748
74,231
2,717
77,596
76,948
Incoming resources - Investment ineom•
Total
Funds
2024
Total
Funds
2023
Interest income
358
79
358
79
Incoming resources - Other
Total
Funds
2024
Total
Funds
2023
Donations - General
40,857
33,702
40,857
33,702

The Cogwheel Trust {Internatlonal) Llmited
Notes to the accounts
as at 31 March 2024
Resources expended - Charitable activites
2024
2023
Costs of activities in furtherance of the Ch8n"ties objeGts
Cogwheel Trust Uganda
Cogwheel Trust India
Staff costs (proportion)
Travel and subsistence
69,338
9,870
18,368
2,271
75,842
10,050
18,298
2.201
99,847
106,391
2024
2023
Governance costs
Staff costs (proportion)
Rent
Accountancy fees
other legal and prof
Telephone and fax
stationery and printing
Postage
Bank charges
Depreciation
18,368
3,600
888
13
411
349
171
310
407
18,298
3,600
864
13
450
776
175
319
286
24,517
24,781
Staff costs
2024
2023
Manager salary
Administrators salary
Pensions
27,628
7,702
1,406
27,628
7,562
1,406
36.736
36,596
8 Trustees Remuneration
The Trustees neither received nor waived emoluments during the year {2023.' £nil).

Tho Cogwheel Trust (Internatlonall Limited
Notes to th• accounts
as at 31 March 2024
Tanglble fixed assets
Equlpmen(
flxtures and
r￿IngS
Cost
Blfwd
Additions
Disposals
Clfvid
5,064
770
6.834
Deprnciation
Blfwd
Charge for the year
On disposals
Cffiwd
4,209
406
4.615
Net book value
Clfwd
Blfwd
1,219
855
10 Debtors
2024
2023
Accrued income
16.028
15.350
16,028
15,350
11 Creditors
2024
2023
Accruals
1,188
1.214
1,188
1,214

The Cogwheel Trust Ilnternational) Limited
Notes to the accounts
as at 31 March 2024
12 Statement of Funds
Fund
balances at
1 April
2023
Fund
balances at
31 March
2024
Incomlng
resources
Resources
expended
Transfers
Unrestn'cted funds
General
<18.895)
41,215
{37,503)
(15,183)
Restricted funds
Sponsorships
Specific gifts for children
71,257
74,748
2,848
(84.013)
(2,848)
61.992
52,362
118,811
124,364
46.809
13 Llmited Liability
The charity is a company limited by guarantee. The members of the company are trustees names on page
1. In the event of the charity being wound up, the liabilty in respect of the guarantee is limited to £1 per
member of the charity.
10