Cote8bach Educatlonal Tru8t Llmlted (Company Llmlted By Guarantee) Lompany Number 6002772 ReStered Chariiy 1126840 Annual Report and Financial Statements for the Year ending 31 August 2024
Admlnl8trAtlve Informatlon Cotesbach Educatlonal Trust Llmlted Icompany Llmlted By Guarantee) Charity Number J 126840 Company Number 6002772 Correspondence Address Cole8bac?) Hall Main Street Nr. Lutterwrorth i£ic8 LE17 4HX Nation Westminster Bank plc Rugby Br8nch 9 North Street Rugby Branch Warwickshire CV212AH Independent Ivan J Parry FCA Abbey House 105 Abbey Street Nuneaton Wanvick8hire CVI 1 5BX Sojicitors Tom LawTence Bretherton8 Solicitors The Robbins Building 25 Albert Street Rugby CV2128D
Cotesbach Educatlonal Trnst Llmlted (Company Llmlted By Guarantee) Pa8C Director8 and Tr718tees Report I to3 Independent Examiner's report StAtement of Flnancial Activities Balance Sheet T4otes to the Financial Statements 7tolO
Cote8bach EducatlonAI Tru8t ICompAny Llmlted by Guate•l Dtrector8' and Tru8tee• Report for the year ended 3 1 Augu•t 2024 The directors pre8ent thelr report for the year endlng 318t Augu8t 2024. l. Con•tltutlon and ObJ•ot• The Cotesbach Edueatlonal Tru3t wa8 Ine,orporAt.ed on the 20th November 2006, 18 Limited by Guarantee and 18 governed by ItB Memorandum and Artlcle8 of A88ociation. The company 18 re8lStered a8 a charlly wlth the Charltle8 Comm188lon under reference number 1126840. Tt is based In South l£icestershlre And ho8t8 and provlde8 learnlng experience8 for all. Et makes a unique offer to commuiiities, 8chool8, bu8lne8se8 and vi81tors with it8 re8tored buildings and archive eont8ining document8 dating back over 600 year8. The capitsl programme was completed by March 20 13. The bulldings are lea8ed for 50 years from 2013 from the Cote8bach Hall Estate for On initial period of peppercorn renL Its Memorandum and Article8 of Assoclation describes It8 two objectfve8 as: To promote for the benefit of the public the preservation, protectton and improvement of an *Jteenth century 8choolhouse and two adjacent buildings in the grounds of the Cotesbach Estate by creating an educational resource centre; and to advance the education of the public, and young people in p8Jticular, in the subjects of heritage. the environment and the arts and the many areas that they link. Ongoing work includes: Delivery of our business plan in order to build our financial sustainability as an organisation, including continuing to build our room bookings. Development and delivery of a programme of activities including regular community event8 and in partnership with other local arti8ts. educator3 and other6. ProvAding volunteer opportunitie8 to work In the archlve and development of wider engagement, both academlc and otherwl8e wlth the extensive archive. F081ering JinkB wlth other local herltage forum8 to create and plqy a wider part in the Ioc4J network. Developing the ac'ce8811)ility and reach of the arehlve through migration to 80ftware compatible wlth onllne platform8 Including Archive8hub. 2. Dlrn¢tor• The followlng have held offlce durlng the year: Lettice Bennett (Chalr) Amber Merriek-Potter (Vlce Chair) Emily Nichol8 (Trea8urer) Ann Smith Donna Hunt18tepped down 29110/ 23 - end of terrn} Joanne Warn]ington18tepped down 29110/23 - end of terni)
CoteBbA¢h Educatlonal Trust (ComPY Llmlted by (luarante¢) Thomas Hlckman (stepped down 29/ 10123 - end of terni) Emmeline de Falbe Annemthe Mooney The dtrector8 of the company, as listed above, are al80 the Trustee8 of the charity. 3. FlnAne¢• The charity exl8ts thanks to Heritage LA)ttery Grants: £672.700 awarded in 2012 which, together wlth other fundraising 8tream8, paid for re8tor&tion and start UP Costs rLllJning up to June 2016. A further £58,700 (from the HLF Transltion Fkn]ding Programme) awarded in November 2015 whlch enabled the Trust to 8UPPOrt It8 core c08ts through until April 2017 and also enabled it to undertAke a thoroughgoing review of its Vision, governance, bu3ine88 plan and operational model 80 that it could face the future with confidence. 2023-2024 8how8 an increa8e in ca8h re80uree8 of £18, 121. Thi8 most notably accounts for three funding award8: Shire Community Grant - £3000 (to support local community projects particularly for children) IA)cal Area Community Fund - £7000 (to fund infra8tructure, namely a polytunnel. to 8UPPOrt environmentsl education) Harborough Environmental Grant - £14,742 (to fund reintroduction of Slow wornis 8nd harvest mice and a880ciated educational opportunities, in collaboration with Cotesbach Estate) Omitting grant fundingl there has been a decrease in cash resource8 of approx £6000. This is a reduction on the previous year's deficit, but has been the (tiiving factor in our ongoing business plan development and 8eeking fLULding to invest in our bu8ine88 model. Succe38e8 in th18 year have included two weddlngs. repeat IrAs1ts from higher education iri8titution8, a Christma8 Grotto and a prOe of popular cour8e8 including foragingg 80urdough and wood carvlng. 4. 8talTlng Tru•t¢e• - The CET tru8tee board has remAlned largely stable from la8t year, wlth the resignation of three trustee8 who had completed their ternL8 of 4, 8 and 12 years. The Tru6tee8 have a wealth of relevant skll18 and experience, p8rtlcularly in the fields of mketitig, fundraising and programme development. Trustee recruitment will commence in the next fuwicial year to increase number to 8 or 9. Employ•d •taff - The org8ni8atlon employ8 a Centre Coordinator a8 the sole member of stsff. Thi8 18 a part-time p081tlon for twelve hour8 per week and e88ential for the runni of the organi8ation. Th18 role oversees the development of the program and room bookin88. There ha8 been contlnulty in thi8 member of 8taff th18 year. Page 2
Cotesbaeh Educatlonal Tru8t (CompAny Llmlted by GuArnnteel Volunt••r• The archlve contlnue8 to have a core group of regular volunteer8, con1inuing the catalogulng of the archlve. Where addltlonal 8UPPOrt 18 needed with one-oif actlvitie8 and programme dellvery thls ha8 been covered through volunteer 8UPPOrt. Activltl•• Our core buslne.sj model foui&e8 on tonm l)onklnR8 gnd h progrAmme of event8 and cour8e8. Thi8 has been steady and Increa81ng In compar180n to the prevlou8 year, and ha8 included cour8eB such a8 foragin8, 80urdough maklng and wlllow weavlng,wedding8, blrthday parties and an academic vi81t. We contlnue to work 7n partner8hlp wlth the Cotesbar.h F8rnlly Tru8t In order to broaden i)ur offerin8, creating opportunltie8 for group8 to venture from the cr 8lte to benefit from the wider 8urroundin88, The cEr continues to 8how its resilience as an org8nisation, in business developmenL Su*S8ful fimding bid8, retention of Staff and development of programtue and activities. The Board 18 cx)nfident of our ability to make good pro88 in the next financial year. By order of the board Director and Chair of Tru8teeB .Ll Page 3
Cote8bach EducatlonAI Tru8t Llmlted (Company Llmlted By Guaranteel Independent ExAmlner'8 Report To The Truitees Of Cotesbach Educatlonal Trust Llmlted I report to the chArity tru8lee8 on my exAminAlloii of tlie FAccount8 of the Company for the year ended 31 August 2024, Re•pon•lbllltl•• And b8L•IB of r•port As the c.hpArity s tTuslees of l.he LompAn.y lrtnd Al8n it8 directors for the purposeg of c.ompany lawl you are responsible. for the preparation of the acc.ount8 in accordancc with the requircmcnts of the Companies Act 20061'the 2006 Act'l. H&vin8 satisfied myself that the accounts of the CompAny are not required to be audited under Part 16 of the 2006 Act are eligible for independent examination, I report in respect of my examination ofyour charity's Account8 as carried out under scction 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Chlty Cornrni8sion under section 14515llbl of the 201 l Act. Independent examln¢r'8 8tAt¢m¢nt I havc completed my examination. I confirm that no matters have come to my attention in connection with the exarnination giving me cause to believe that; . accounting records were not kept in accordance with section 386 of the Companies Act 2006: or 2. the accounts do not accord with Such record8. or 3. the accounts do not comply with relevant accounting requirements under Section 396 of the the Companies Act 2006 requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent ex8mination,' or 4. the account8 have not been prepared in accordance the Charities SORP IFRS 1021. I have no concerns and have come acro88 no other matters in connection with the examination to which attention should be drawn in thi8 report in order to enable a proper understanding of the accounts to Ix reached. Ivan J PArry FCA Chart•T¢d A¢¢ouDtAnt Abbry Hou8e 105 Abbey 8treet Nunealon Warwick8hire CVII SBX 27 rl Dated ............,.... ,. Page 4
Cote8bach Educatlonal Tru8t Llmlted (Company Llmlted By Guarantee) - Statement Of Flnanelal Actlvltle8 for the year ended 31 Augu•t 2024 024 2024 2023 Unrp81rleled Re8trictcd Total Total Xneomlng re•ouree• tkom generated fid• Voluntary Tncome.. Donations and grants 24,831 24,831 1,039 Actlvltle• for generat1 nd8. Hires. courses, workshops Other income 19,586 327 44,744 19,586 327 44,7 14.169 469 15,677 Re*ourees Expended Costs of Generatin Funds Charitable activity costs Administrative costs Employee costs Premises costs Depreciation of fixed assets Independent Examination fees 10,825 7,704 7,554 12 345 570 27,010 10,825 7.704 7,554 12 345 570 27,010 9,648 8,547 7,195 12 348 560 26,310 Totsj Resources Expended 27,010 27,010 26.310 Net outgoing re6ource8 before tran8fer8 17,734 17,734 (10,6331 Transfer8 Net movement in funds for the period 17,734 17,734 (10,633) A8 at I September 2023 18,439 18,439 29,072 A8 at 31 August 2024 36,173 36,173 18,439 Page 5
Cotesbach Educatlonal Trn8t Llmlted (Company Llmlted By Guaranteel Balance Sheet a• at 31 August 2024 Tangible fixed A88et 7,500 7,845 Grant8 receivAble Prepayments PAnd Accn)ed income Oift aid Claim receivable. Cash at bk and in hand 29,87. 29,875 11,754 11,754 Acrruals 1,202 1,160 Net Current Assets 28,673 10,594 Net Asget8 36,173 18,439 thec 36,173 18,439 The Are wti•fied that the cgmpthny i• entitied to exemption from the requirement to obtain an autht under uctioti 477 c•f the C•mp&nie• Act 2006 dnd that memberJ have not required the compoy fo obtain •n audil io aCcord¢t with Bection 476 of the Act. The diT•L Aeknowlwd8e their re•ptsn•ibilitie# for complying with the requirements of the comp¢1 Act 2C wjth r¢•p¢ct to a¢¢ounting record• and the prep&r4ts'on of &eeountB, And prep•nn& •t•t•ment• whirh yve a irne &nd fthir vlew of the •thte of aff4ir• of th¢ Company •• •t the end OS the fm&n¢ithJ yeAr •JJd it• profit and lo•• for the fin&nclal ye4T In accordanee with th• roquirenwJ)ts of 394 uld 395, and which otherwl•d Comply wlih the requlr¢ment• of the Act to ty) f•T opplkablt the comp#ny, Th•Ae •tarnent• hthve Ixen prop In a¢¢4rdAn¢o Iho provl•lon• In PArt 15 01 Ihè Comp•n4 Act 2tJ)6 AppIle W coJDpan• •ubj¢el io th• m•ll compan1•• r•gt'm¢. Approved by tho 8 And •iywd on th•Sr b¢holf by,, IKttice Bennett Dated..... Emily Nichola Page 6
Cotesbach Educ&tlonol Trust Llmlted (Company Llmlted By Guarantee) Note• to the Flnanclal 8tat•ment• for the Year Ended 3 1 AuKu•t 2024 l. Accountlng Poll¢le• The account8 hftve been prepAre.d In accord&i)c.e wlth Account.Ing And Reportlng by Charitie8: Statement of Rec.ommei)ded Tractlre. AppllrHble lo ChArltleA preparlng FJccount8 In accord&nc.e with the Fliik711cioI Rei)oi'tiiig StA7idai"d appllcp4ble In t.he UK and Republlc of Ireland IFRS 102) and the Coinpanie8 Acl 2006, ollc meAndK endltuT The financi8] statements have been prepared on an accrua18 ba818 whereby income and expenditure are rteognised when receiv&ble and payoble. Expenditure 18 directly Attributed to Specific types of resources expended under which they are cla88ified. b. Pund Accoun Unrestricted funds are available for use at the discretion of the trustees in futherance of the general objeclives of the Chlty. Dewated funds are unrestricted funds eerniarked by the trustees for particular purposes; Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the tern16 of an appeal. e) In¢omlng Te•our¢e• AU inc0mll re8ource8 are included in he 8tatement of fmancial activities when the Chlty is entitled to, and virtually certain to recelve, the income and the amount can be quantified with reasonable accuracy. The follong policie8 are applied to partlcular catergories of income: Donation8 and grant8, including capital grant8, ia Included In incoming re80urce8 when the6e are receivable, except followa: il When donor8 8peeify that donatlono and yant8 given to the charlty niust be used in future accounting perlodB the income 16 deferred untll th08e perlod8 lll When donors impo8e conditions which muat be fulfilled before the chartty become8 entitled to Use 8uch income, the income IN deferred and not included in Incomlng re80urce8 until the pre-conditfiona for have been met. Page 7
Cotesbach Educatlonal Tru8t Llmlted (Company Llmlted By Guarantee) riote• to the Flnanclal Bt4tement• for the Year Ended 31 Auzu•t 2024 e) Xncomlng re•ource• leoThtlnutd) iul Incoming Te80urce8 from charitAble li'Adliig aL'tlvlt.v &re AcLounted for when earned. . Tru•tee• en•e• No remuneration, benefit8 or expen8e8 to &ny TruBtee were made during t.he period. There haile not been any related pArty tran8actson8 in the reporting period that requi disc]osure. 3. Ave enu rofEm ees During the yw the average number of employee8 on a full time equivalent basis is: 024 2023 AdTnirristrative staff number The c08ts for the year £7,55412023 £7, 1951 includes social security costs of £nil 12023 £a)iil.No employees received any benefits for the year, The company 18 restered a8 a charity with the Charltle8 Commi88ion and is exempt for taxation purpo8e8. The company 18 limited by guarantee wlthout ahare capltal, In the event of the company being wound-up, each memberlo Ilablo to contrlbuto to the pA)'ment8 of debts and liabilitle8 of the company, Buch amountfj that ml8ht b¢ required but not exceeding £1. Page 8
Cotesbach Edueatlonal Trust Llmlted Icompany Llmlted By Gu&ranteel Notes to the Flnanelal 8tAtement• foT the Year Ended 3 1 All•t 2024 6.Ta le tlxed A*•¢t• Flxture• And fltlng• Computer equlpment Archlv• Pap•T• Total B/fwd Additions 4,213 6,872 7,500 18,585 C/fwd 4,213 6,872 7,500 18,585 DepTecl•tlo B/fwd Charge for the year Clfwd 4,168 45 4,213 6,572 300 6,872 10,740 345 11,085 Net book value 7,500 7,500 Net book value 45 300 7,500 7,845 Fd as8et8 are Btated 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 18 5 year8. Archive paper6 are not depreciated a8 their value 18 conBidered to exceed cost. ¢mtso During the year the company wae under the control of the board of directors. Page 9
CotesbAch Edueatlonal TruAt Llmlted Icompany Llmlted By GuArAnteel Ilot•• to th• fl#••cknl 8t•t•ment• for tb• y# Etsd•d 31 Aup•t 2020 BAI•u¢• xpendltur• elf•vd 31.A.10 31.Aui.19 31.A4.20 31-A-19 bllwd 3144.20 31-Aui-19 Income 31.AuK.20 31.Aui.19 Fund General Fund 11,200 18,264 11,200 28.lJ64 29.067 32,432 12,474 18,367 15.839 29.067 29,067 32.432 29,464 12,474 18,367 15,839 40.IfA 29,067 Page 10