The Cogwhool Trust Ilnternatlonall Llmlted la company Ilmlted by guarantse) Report and Financial Statements For the year ended 31 March 2025 Charity number: 1100931 Company numbor.. 04836866
The Cogwheel Trust Ilntsmational) Limited Trustees, Report for the year ended 31 March 2025 Trustees The trustees who served during the year under review were.. Andrew Fairweather- resigned 19 June 2025 Adrian Cooper Patricia Grimwood Robert Morrow - appointed 17 November 2024 Company Secretsry: Lorna Hammond Reglsterod offlco: 16 Broad Street, Eye, IP23 7AF Roglstered charity number: 1100931 R•glstered company number: 04836866 Indopendent Examlner: The Laurel Partnership, 16 Broad Street, Eye, IP23 7AF Structuro, governance and management The charity is a charitable company limited by guarantee incorporated on 18 July 2003. ObJectlv•s and actlvltles The object of the charity is the advancement of the Christian Farth, 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. Flnanclal Revlew The Statement of Financial Activities for the year is set out on the followin9 pages, Results and reserves The charity reviews its policies each year. It has identified the need lo 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. Rlsk management The Trustees have examined the major strategic, business and operational risks which the charity faces and confim that Systems have been established to enable regular reports to be produced so that the necessary steps can be tsken to lessen these risks.
The Cogwheel Trust Ilnternational) Limited Trustees. Report for the year ended 31 March 2025 Trustees. responsibilities in relation to the flnancial statements Company 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 profrt or loss of the company for that period. In preparing those financial statements, the trustees are required to.. select Suitsble accounting policie8 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 departur88 disclosed and explained in the financial statements; and prepare the financial 8tstement8 on the going concem 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 charrtable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking rea80nable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustees on and signed on their behalf by.. A Cooper Trustee
The Cogwheel Trust (Internatlonal) Llmlted Independent Examiner's Report to the Trustees of The Cogwheel Trust (International) Limited for the year ended 31 March 2025 I report on the accounts of The Cogwheel Trust (International) Limited for the year ended 31 March 2025, which are set out on pages 4- 10. Respective responslblllties of trustees and examlner. The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 {'the Act.). The charity's trustees consider that an audit 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 Charities Act, (ill 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 attenkn'on Basls of Independent oxamin•r'$ roport My examination was carried out in accordance wbth general Directions given by the Charity Commission. 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 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 18 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 bel¢)w. Independent examlner's statement In connection with my examination, no mat8rlal matter8 have come to my attention (save for tho matters raised In the trustees report) which gives me cause to believe that in, any material respect,. (1> the accounting records were not kept In accordance with section 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 conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'twe and fair, view which 18 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 io enable a proper understanding of the accounts to be rèached. Matthew Aldous FMAAT 16 Broad Street Eye Sufft)Ik
The Cogwheel Trust (International) Llmfted Statement of Flnanclal Actlvltles for the year ended 31 March 2025 Unr•stricted Rostricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Note Incoming Resources Donations, legacies and grants Investrnent income and interest Other income and resources 80.795 80,795 362 48,728 77.596 358 40,857 362 48,728 Total Incomlng resources 129 886 118811 Resources expended Charitable activities Gov8mance costs 13,143 22,817 90,489 103,632 22,817 99,847 24,517 Total r•sour¢•s •xpandod 90 489 126 449 124 364 Net Incomel{outgoing) re•ources before trai 13.130 (9.694) 3,436 (5,553) Transfers between fund¥ Not Incomlng rosources Fund balances as at 1 Aprll 2024 46,809 Fund balances as at 31 March 2025 12
The Cogwheel Trust (International) Limitsd Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 1,019 1,219 Current asset8 Debtors and prepayments Cash at bank and in hand 10 16,122 16,028 50,114 46,778 CredltorJ: amounts falllng due wlthln one year 11 888 Net current assets 49.226 45,590 Nat assets 46,809 Funds Unrestricted Restricted 12 12 (2,0631 (15,183) 61,992 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit 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 acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wilh respect 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. Is A Cooper Diredor Approved by the board on
The Cogwheel Trust Ilnternational) Limited Notes to the accounts as at 31 March 2025 Accounting policies Basis of preparation The financial statements have been prepared under the historical convention and in accordance with Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charrties preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021- {Charities SORP (FRS 102)) and the Companies Act 2006. The charty has availed itself of P8ragraph 3 (3) of Schedule 4 of the Companies Act end adapted the Companies Act formats to reflect the special nature of the Charivs activities, Fund accounting General funds are unrestricted funds which are available for tho use at discretion of the trustees in furtherance of the general objectives of the ¢harlty and which have not been designated for other purposes. Deslgnated funds compromise unrestricted funds that have been set aside by the trustees for partlcular 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 fund8 represent those assets which must be held pennanently by the charity, principally investments. Income arising on the endowment funds can be used in accordance with 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 r&sOU&S All incoming resources are included in the SOFA when the charity 18 legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies. entitlement 18 the earlier of charty belng notified of an impending distribution or the legacy being received. Gifts in kind donation for distribution are includéd at valuation and recognised as income when théy 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 charity where this can be quantified and a third party is bearing the cost. No amounts are includéd in the financial statements for services donated by volunleers. Resou83 expended All expenditure is accounted for on an accruals basis and has been classified 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 adivities. 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) Limited Notes to the accounts as at 31 March 2025 Tangible fixed 88sets 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 at 250A on a reducing balance basis. Incoming resources - Donations. Legacies and Grants Total Funds 2025 Total Funds 2024 Sponsorships Donations - Gifts for sponsored children Donations - New dormitory project 73,952 6,693 1,150 74,748 2,848 Incoming rosourcos . Investment income Total Funds 2025 Total Funds 2024 Interest income 362 358 362 358 Incoming resources - Other Total Fund8 2025 Total Funds 2024 Donations- General 48,728 40,857
The Cogwheel Trust {International) Limitéd Motes to the accounts as at 31 Mah 2025 Resources oxpended - Charltable actlvltes 2025 2024 Costs of activities in furtherance of the Chan'ties objects Cogwheel Trust Uganda Cogwheel Trust India Staff costs (proportion) Travel and subsistence 69,650 9,650 20,168 4,164 69,338 9,870 18.368 2.271 103 632 99,847 2025 2024 Govgmance costs Staff costs (proportion) Rent Accountancy fees Other legal and prof Telephone and fax Stationery and printing Postage Bank charges Sundry Depreciation 20,168 13001 1,038 82 445 290 431 298 26 340 18,368 3,600 888 13 411 349 171 310 407 Stsff costs 2025 2024 Manager salary Administrators salary Pensions 27,628 11,302 1,406 27,628 7,702 1.406 8 Tru$teo8 Remunoration The Trustees neither received nor waived emoluments during the year {2024'. £nil).
The Cogwheel Trust Ilnternatlonal) Limited Notes to the accounts as at 31 March 2025 Tangible fixed assets Equipment, flxtures and fittings Cost Blfwd Additions Disposa18 Clfwd 5.834 140 Depreclatlon Blfrwd Charge for the year On disposals Clfwd 4,615 340 Net book value Clfwd Bltwd 10 Debtor8 2025 2024 Accrued income 16.122 16,028 11 Creditors 2026 2024 Accruals 888 1,188 888
The Cogwheel Trust Ilnternational) Limited Notes to the accounts as at 31 March 2025 12 Statement of Funds Fund balances at 1 April 2024 Fund balances at 31 March 2026 Incoming resou03 Resources expended Transfors Unrnstricted funds General (16,183) 49,090 (35,960) 12,053) Restricted funds Sponsorships Specific gifts for children New dormitory project 61,992 73,952 5,693 1,150 (83,646) (5.693) (1,150) 62,298 129885 125299 13 Llmfted Llabillty The charity is a company limited by guarantee. The members of the company are trustees narn on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 10