**Cotesbach Educational Trust Limited (Company Limited By Guarantee)** Company Number 6002772 Registered Charity 1126840 Annual Report and Financial Statements for the Year ending 31 August 2020 ## **Administrative Information** ## **Cotesbach Educational Trust Limited (Company Limited By Guarantee)** |Charity Number|1126840| |---|---| |Company Number|6002772| |Correspondence|Cotesbach Hall| |Address|Main Street| ||Nr. Lutterworth| ||Leics| ||LE17 4HX| |Bankers|National Westminster Bank plc| ||Rugby Branch| ||9 North Street| ||Rugby Branch| ||Warwickshire| ||CV21 2AH| |Independent|Ivan J Parry FCA| |Examiner|Abbey House| ||105 Abbey Street| ||Nuneaton| ||Warwickshire| ||CV11 5BX| |Solicitors|Tom Lawrence| ||Brethertons Solicitors| ||The Robbins Building| ||25 Albert Street| ||Rugby| ||CV21 2SD| ## **Cotesbach Educational Trust Limited (Company Limited By Guarantee)** ||Page| |---|---| |Directors and Trustees Report|1 to 3| |Independent Examiner's report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Financial Statements|7 to 10| ## **Cotesbach Educational Trust Limited** ## **(Company Limited By Guarantee)** ## **Directors' and Trustees Report** The directors present their report and financial statements for the year ended 31 August 2020. ## **1. Constitution and Objects** The Cotesbach Educational Trust was incorporated on the 20th November 2006 and is Limited by Guarantee and is governed by its Memorandum and Articles of Association. The company is registered as a charity with the Charities Commission under reference number 1126840. It was set up to promote education of the environment, heritage and art within the local community. ## **2. Directors** The following have held office during the year: Lettice Newton (Chair) Amber Merrick-Potter (Vice Chair) Ann Smith Donna Hunt Joanne Warmington Thomas Hickman The directors of the company, as listed above are also the Trustees of the charity. ## **By order of the board** …………………………… John Turner Director and Trustee Dated ………………….. Page 1 ## **Cotesbach Educational Trust Limited** ## **(Company Limited By Guarantee)** ## **Independent Examiner's Report To The Trustees Of Cotesbach Educational Trust** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020. ## **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 Act 2006 ('the 2006 Act'). 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 Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102). 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. ## **Ivan J Parry FCA Chartered Accountant** Abbey House 105 Abbey Street Nuneaton Warwickshire CV11 5BX Dated ……………….. Page 4 ## **Cotesbach Educational Trust (Company Limited By Guarantee)** ## **Statement Of Financial Activities** ## **for the year ended 31 August 2020** |**Incoming resources from**
**generated funds**
_Voluntary income:_
Donations and grants
**Activities for generating funds:**
Hires, courses, workshops
COVID 19 Job Retention Scheme
Other income
**Resources Expended**
Costs of Generating Funds
Charitable activity costs
Administrative costs
Employee costs
Premises costs
Depreciation of fixed assets
Independent Examination fees
Total Resources Expended
Net outgoing resources before transfers
Transfers
Net movement in funds for the period
As at 1 September 2019
As at 31 August 2020|Notes|2020
2020
Unrestricted
Restricted
£
£
20,371
-
6,675
-
2,378
-
40
-|2020
Total
£
20,371
6,675
2,378
40|2019
Total
£
3,508
8,955
-
11| |---|---|---|---|---| |||29,464
-|29,464|12,474| |||2,635
-
7,922
-
7,133
-
-
-
137
-
540
-|2,635
7,922
7,133
-
137
540|285
7,240
7,670
-
114
530| |||18,367
-|18,367|15,839| |||18,367
-|18,367|15,839| |||11,097
-
-
-|11,097
-|(3,365)
-| |||11,097
-
29,067
-|11,097
29,067|(3,365)
32,432| |||40,164
-|40,164|29,067| Page 5 ## **Cotesbach Educational Trust Limited** ## **(Company Limited By Guarantee)** ## **Balance Sheet** ## **as at 31 August 2020** |Notes
Fixed Assets
Tangible fixed assets
6
Current Assets
Grants receivable
Prepayments and accrued income
Gift aid claim receivable
Cash at bank and in hand
Creditors: Amounts falling due within 1 year
Accruals
Net Current Assets
Net Assets
The Funds of the Charity:
Unrestricted Funds:
Funds
8||2020
£
7,861
18,000
-
-
15,753|2019
£
7,773
-
-
-
21,836| |---|---|---|---| |||33,753
1,450|21,836
542| |||32,303|21,294| |||40,164|29,067| |||40,164|29,067| 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 and that members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowlwdge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts, and preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and its profit and loss for the financial year in accordance with the requirements of sections 394 and 395, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. These financial statements 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. Approved by the Trustees and signed on their behalf by: |______________________________|_________________________________| |---|---| |Lettice Newton|Amber Merrick-Potter| |Dated ……………………….|Dated ……………………….| Page 6 ## **Cotesbach Educational Trust Limited** ## **(Company Limited By Guarantee)** ## **Notes to the Financial Statements** ## **for the Year Ended 31 August 2020** ## **1. Accounting Policies** The financial statements have been prepared on the historical cost basis of accounting and in accordance with the Companies Act 2006 and the Statement of Recommended Practice: applicable to charities preparing accounts in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015). ## **a. Accounting Policy for Income and Expenditure** The financial statements have been prepared on an accruals basis whereby income and expenditure are recognised when receivable and payable. Expenditure is directly attributed to specific types of resources expended under which they are classified. ## **b. Fund Accounting** Unrestricted funds are available for use at the discretion of the trustees in futherance of the general objectives of the charity; Designated funds are unrestricted funds earmarked by the trustees for particular purposes; Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. ## **c) Incoming resources** All incoming resources are included in he statement of financial activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular catergories of income: Donations and grants, including capital grants, is included in incoming resources when these are receivable, except as follows: i) When donors specify that donations and grants given to the charity must be used in future accounting periods the income is deferred until those periods ii) When donors impose conditions which must be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met. Page 7 ## **Cotesbach Educational Trust Limited (Company Limited By Guarantee)** ## **Notes to the Financial Statements** ## **for the Year Ended 31 August 2020** ## **c) Incoming resources (continued)** iii) Incoming resources from charitable trading activity are accounted for when earned. ## **2. Trustees Expenses** No remuneration, benefits or expenses to any Trustee were made during the period. There have not been any related party transactions in the reporting period that require disclosure. ## **3. Average number of Employees** During the year the average number of employees on a full time equivalent basis is: |Administrative staff number|2020
1|2019| |---|---|---| |||1| The costs for the year £7,133 (2019 £7,670) includes social security costs of £nil (2019 £nil).No employees received any benefits for the year. ## **4. Taxation** The company is registered as a charity with the Charities Commission and is exempt for taxation purposes. ## **5. Limited by Guarantee** The company is limited by guarantee without share capital. In the event of the company being wound-up, each member is liable to contribute to the payments of debts and liabilities of the company, such amounts that might be required but not exceeding £1. Page 8 ## **Cotesbach Educational Trust Limited (Company Limited By Guarantee)** ## **Notes to the Financial Statements** ## **for the Year Ended 31 August 2020** ## **6. Tangible fixed assets** |**Cost**
B/fwd
Additions
C/fwd
**Depreciation**
B/fwd
Charge for the year
C/fwd
Net book value
Net book value|**Fixtures**
**and**
**fitings**
**Computer**
**equipment**
**Archive**
**Papers**
**£**
**£**
**£**
3,988
5,660
7,500
225
-
-
4,213
5,660
7,500
3,988
5,387
45
92
-
4,033
5,479
-
180
181
7,500
-
273
7,500|**Total**
**£**
17,148
225| |---|---|---| |||17,373| |||9,375
137| |||9,512| |||7,861| |||7,773| Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £400 are not capitalised. Depreciation is calculated to write off the cost of each asset over its expected useful life, which in all cases is 5 years. Archive papers are not depreciated as their value is considered to exceed cost. ## **7. Controlling Party** During the year the company was under the control of the board of directors. Page 9