Charlty Reglstratlon No. 1138100 THE COCO'S FOUNDATION TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2024 coco's THE COCO'S FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr C ConrK)f5 Ms T L Cranmer Miss S E Pery CharIty number 1138100 Princlpal addr•s$ 4 Lintot Square Fairbank Road Southwat8r Horsham West Sussex RH13 9L4 Independent examiner TC Group The Courtyard Shoreham Road Upper Beeding Steynlng West Sussex BN44 3TN Bankers Lloyds Bank 1 West Street Horsham West Sussex RH12 1PA THE COCO'S FOUNDATION CONTENTS Page Trustees, report Independent examiners report Statement of financial activib'es Balance sheet Notes to the accounts THE COCO'S FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report, together with the accounts for The Coco's Foundation for the year ended 31 December 2024. The accounts comply with the Charities Act 2011, and Accounting and Repo￿"ng by Charities". Statement of Recommended Prackn'ce applicable to charities preparing their accounts in accordance V￿th the Financial Reporting standard applicable in the UK and Rewblic of IrelarKI (FRS 102) (effective 1 January 2019). Structure, governance and management The charity was estsblished by a Gharitable trust deed on 4 June 2010 and VRS registered with the Charity Commission on 17 September 2010 (charity number 1138100). The trustees who s8P4ed during the year were: Mr C Connors Ms T L Cranmer Miss S E Perry Ms D Spraget (Resigned 12/1 I￿02￿) Mrs S Knight (Resigned l1/11f2024) When considering the appointment of newtrustees, the Board has regard forthe requiremerrt for any specialist skills needed. Objectives and actlvltl•s The objectives of the activities of the Coco's Foundalion is to work in th8 northem, rural aréa of KwaZulu-Natal, primarily to help people with their basic needs of food, h￿sIng, clothing and skills. Achlevements and perfomiance Food4Life - in 2024 we managed to deliver 36 food parcels every month to 36 families in desperate need of food relief as well as delivering porridge in two schools for 600 children. This made possible because of a donation of a 4x4 vehicle enabling us to reach further OLrt into the community. We also managed to purchase a tr&tor for the Ugandan Farm Project to enab18 them to become self-sufficient. Bulld4Th8Future - a Suc￿ssfUl year providing families that were in need of housing, they wer8 provided with 6 developed houses through our Build4TheFuture programme for vulnerable children with donations coming in from independent donors and fundraising. Clothes4Clothes- we continue to raise funds through drop off points for clothing and texttles each month to support children from disadvantaged families enablitvJ them to go to school. Also donations helped to purchase a bed for a child to sleep on in the houses we build. Skill54Life is supporting 11 young people through education and cooperative initiatives. Two of these eleven. remain in full time 8mployment. Page 1 THE COCO'S FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 "8k management The Board of Trustees holds overall responsibility for risk management for the organisakn'on and has ccnducted a review of the major rtsks to which the organisation is exposed. Consequently and where appropriate, systems or procedures have been established to manage the risks that the charity faces. Public Benefit In accordan￿ wth our duties as stated in section 17(5) of Ihe 2011 Charities Act, we have considered the guidance provided by the Charity Commission in regard lo public benefit. This public benefit has been demonstrated by the activrties undertaken since the inception of the charity outlined in the 'Activilies' section above. Financial review The foundation received income totalling £207.274 during ihe year (2023". £173.830). Direct charitable expenditure totalled £220,117 (2023.. £168,021). Reserves carrred fO￿ard amount to £12,465 {2023.' £25.308). Of this, surplus bank balances represent £14.145 (2023: £26.908). Reserves pollcy 11 is the policy of the charity that all of the funds generated Y*ill be expended on charttable activities. There will be timing differences between income received and when it is expended. In the event of th8 charity's income declining it will look at other ways of generating income to build reserves. Future plans The charity plans on continuing tha activities oirtlined above in the forthcoming years subject to satisfactory fijnding arrangemenls. Trustees, r8sponsibllities In ￿latIon to the accounts The Charities Act 2011 requires the trustees to prepare accounts for each financial year which give a true and fair view of the stste of affairs of the charity and of Ihe incoming reSoUr￿S and applicalion of resources, incluling the income and expenditure, of the charity for that year. In preparing these accounts. the trustees are required to: select suitable accounting policies and then apply them consistently,. obseNe the methods and principles in the Charities SORP. rnake judgements and estimates that are reasonable and prudent: and prepare the accounts on the going COn￿M basis unless it is inappropriats to presume that the charity will continue in operats'on. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the finanGial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irr8gularilies. Approved by the board on 29 July 2025. Signed on behalf of the board of trustees C Connors Trustee Page 2 THE COCO'S FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COCO'S FOUNDATION Independent examinerfs report to the trustees of The Coco's Foundatlon I report to the truste8s on my examination of the accounts of The Coco's F￿ndatiorI (the Trust) for the year ended 31 Decernb@r 2024. Responslbllities and basls of report As th8 trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 <￿e ACY). I report in respect of my examination of the Twsys accounts carried out under section 145 of the 2011 Act and in carrying Out my examination I have followed all the applicable Direclions given by th8 Charity Commission under section 145(5){b) of ihe Act Independent examlnerfs statement I have completed my examination. I confinn that no material matter5 have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by seclion 130 of the Act. or the accounts do not accord with thos8 rec(￿ds. or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 oth8r than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no conc8ms 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 bè reached. Mark Cummlns FCCA FCIE for and on Behalf of TC Group Th8 Courtyard Shoreham Road Upper Beeding st8yning West Sussex BN44 3TN Dated: l L+ str P¢RS Page 3 THE COCO'S FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Income from: Donations Investment income Notes 207,000 274 173,651 179 Total Income 207,274 173,830 Expendlture on: Chanlab18 activities Relief of poverty in Africa 220,117 168,021 Totsl expenditure 220,117 168.021 Not incomel(expenditure) and net movemont In funds 112,843) 5,809 Reconclliatlon of funds Total funds brought forward 25,308 19,499 Totsl funds carried forward 12.465 25,308 All funds in 2024 and in 2023 are unrestrtcted. Page 4 THE COCO'S FOUNDATION BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Current assets Cash at bank and in hand 14,145 26,908 Credltors: amounts falling due within one year 11,680) (1,600) 12,465 25,308 Net assets 12A65 25.308 The funds of the charity Unrestricted funds 12,465 25,308 Totsl Funds 12.465 25.308 The accounts were approved by the Board on 29 July 2025. C Connors Trustee Charlty RegIStra￿on No. 1138100 Page 5 THE COCO'S FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies Basls of preparation The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - {Charib'es SORP (FRS 102)), the Finanaal Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The Coco's Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabiltties are initially recognised at historical cost or transaction value unless olherwise stated in the relevant accounting policy notels). There are no material uncertainties about The Coco's Foundations, ability to continue as a going concem. The accounts are presented in sterling wlwch is the functional currency of the charity and rounded to the nearest £1. 1.2 Cash Flow Statement In accordance with Section 7 of FRS 102 the charity is claiming exempb'on from the requirement to prepare a cash Ilow statement on ac(x)unt of its size. 1.3 Income Donations and other forms of voluntary income are recognised as income when receivable, except insofar as they are incapable of financial measurement. All other income is recognised when receivable. 1.4 Expenditure Expendrture is accounted for on an acctuals basis with the irrecoverable element of VAT included with the items of expense to which it relates. Charttable expenditure comprises those costs I￿u￿ed by Ihe charity in the delivery of its aclivities and services for its beneficiaries. It includes both costs that can be allocated directly ID such activities and those costs of an indirecl nature necessary to supw>rt them. Governance costs (included within Support costs) comprises all costs associated with constitutional and statutory requirements wth which the charity must comply. 1.5 Fund accounting Funds held by the charity are all unrestricted funds. These are funds which can be usèd in accordance with Ihe charitable objects at the discretion of the trustees. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investrnents. The Trustees seek to use short term deposits where possible to maxmise the retum on mcnies held at the bank and to manage cash flow. Creditors and provislons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation Can be measured or estimated rdiably. Page 6 THE COCO'S FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 1.8 Estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumplions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experi6r￿8 and oth8r factors that are considered to be relevant. Actual results may dtffer from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimate5 are recognised in the period in which the estimate is revised. The trustees do not consider that there are any critical estimates or areas of judgement th8t need to be brought to the attention of the readers of the financial statements Taxatlon As a charity, The Coco's Foundation is exempt from Lqx on income and gains to the extent that these are applied to its charitable objects. Trusteo remuneration All the trustees donate their time spent runnlng the charity on a voluntary basis and do not receive any remuneration for their work. Donations 2024 2023 Donations comprise the followirKJ: Workshop Clothes4Clothes Build4Th8FLrture Food4Life Other unrestricted donations (IncludirvJ volunt88r lrip contsibutions) 7,558 5,902 43,243 27,123 123,174 6.099 8,560 73,056 84,011 21,925 207.000 173.651 Investment income 2024 2023 Interest receivable 274 179 Page 7 THE COCO'S FOUNDATION NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Total 8xpendltur8 2024 2023 Charitable activlties Relief of ve in Africa.. Adivities undertaken directly 218.437 166,421 Support costs 1,680 1,600 220,117 168,021 Support costs (including govemance costs) comprise IndePend￿t examiners fees of £1,680 (2023.. £1,600). Trustees None of Ihe trustees {or any p8rsons connected with them) received any remuneration during the year. A twstee was reimbursed for expenditure incurred on behalf of the charity. The cost of tnps to visit the schools the charity supports are included in expenditu￿. Employees There were no employees during the year. Creditors: amounts falllng due within one year 2024 2023 Accruals 1,680 1.600 10 Control The charity is under the Control of the Trustees. 11 Related party transactlons During the year there were donations from the trustees of The Coco's Foundation totalling £3,207 (2023: £2,538). Page 8