COGGES HERITAGE TRUST
Report and financial statements for the year ended 31 December 2025
Charity registration number: 1141906 Company registration number: 07204688
COGGES HERITAGE TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Page 1
The trustees present their annual report and financial statements for the year ended 31 December 2025. This report includes the directors' report required by company law.
Objectives and Activities
The objectives of the Trust are to preserve, protect, develop and improve the archaeological, historical, architectural and environmental heritage of the site of Cogges Manor Farm and associated land for the benefit of the people of Oxfordshire and the members of the wider public such as visitors to the county; and to advance the education of the public in an understanding of rural heritage and contemporary and future farming and food production.
The Trustees are aware of their public benefit duties and confirm that they have paid due regard to the guidance on public benefit in deciding what activities the Trust should undertake.
Achievements and performance
Cogges Heritage Trust has a small staff team of 9 paid staff, (FTE 6.5), a key appointment was welcomed a Marketing Manager to the team. The Trust is reliant however, on a dedicated team of 160 volunteers that support day to day activities, events, and general maintenance.
We continued to invest in the protecting the buildings and on expanding our visitor offer. 2025 for instance we welcome three small Pigmy Goats, created a dry paddock for our Shetland Ponies and fenced the meadow for our Nubian and Golden Guernsey Goats. The Meadow expands the visitor area by another 5 acres and creates a lovely walk for families and dog owners. The wet Spring and very hot summer did affect our visitor numbers, as did the difficult economic back drop. Due to the investment in the site and the offer we were able to increase prices and as a result therefore even though visitors where down net visitor income was flat.
We also welcomed coach tours particularly from the USA, drawn in part to due to our association with Downton Abbey as the fictional ‘Yew Tree Farm and home to the Drew Family. Filming income has in the past been very important to Cogges and we were pleased to welcome a small independent production Company in November 2025. Filming interest has continued into ’26 with another Film currently in production.
The Trust continues to focus on families with young children and throughout the summer we ran an entire program of School holiday activities, this carried on through all subsequent holidays with crafting activities and activity trails. Where possible we facilitate these in house however, we did bring some external companies in which results in an increase in our costs.
Events of note in 2025, ‘the Beer and Cider festival’ sold out and attracted over 1200 visitors, this event received sponsorship from over 30 local business to the value of around £6,500, again ensuring this as our largest fundraiser of the year. We added a new event’ Oktoberfest’ which also proved very popular and sold out, we will be expanding on this in 2026. Equally we had a successful ‘Witches House’ and we reimagined Christmas at Cogges moving Santa’s Workshop into the main house. The feedback was excellent; however, we needed to shorten the day from previous years, due to a lack of outdoor lights and not being able to properly deliver a light trail, this was a conscious decision to protect us reputationally but did negatively affect income. We will need to invest in our Christmas offer in 2026.
Cogges Heritage Enterprises Limited a subsidiary of the Trust has a challenging year. Corporate hire was particularly important to us in 2025 not least because Weddings hire was considerably down. This was a pattern across the industry after the high demand for post Covid Weddings fell away. We have looked at our Wedding offer and 2026 bookings are up. Café sales where very much flat on 2024 while costs rose considerably, particularly with the raise in National minimum wage and NI. Food costs as well rose a reflection of rising inflation.
Page 2
COGGES HERITAGE TRUST TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
Financial review
For 2025 the Trust incurred a deficit after depreciation, in respect of unrestricted activities of £88,243 (2024£70,210). However before depreciation the deficit on unrestricted funds was £40,556 (2024: £3,802). The details of the financial performance are shown in the following statements of account for the period ended 31 December 2025.
In accordance with the agreement, the Trust continues to charge Cogges Heritage Enterprises for use of Trust resources including staffing, based upon apportioning those costs which relate to the daily operation of both organisations on the basis of the percentage of total income generated by the respective organisations, excluding certain income such as grants. For the cafe, the licence fee charged is linked to cafe sales. This basis of apportionment will be kept under review. Any profit the trading Company makes after these charges may be donated to the Trust.
Investments
Surplus cash reserves are invested in deposits with financial institutions to generate interest, whilst not putting capital at risk
Reserves
The total reserves of the Trust at the year-end were £399,264 (2024 £487,507). Of this £651 (2024: £651) was in restricted funds, £191,668 (2024: £232,945) was held within fixed assets leaving free reserves of £206,945 (2024: £253,911)
The charity has developed a reserves policy which consists of 3 to 4 months routine expenditure, separate amount for essential repairs & emergencies, plus at the year-end, an amount to cover net costs over the Winter period. The target range for free reserves under this policy is £225k to £292k and the 31 December 2025 free reserves are just below the target range.
Structure, governance and management
Cogges Heritage Trust is a charitable company limited by guarantee and is governed by its Articles of Association
None of the Trustees has any beneficial interest in the Trust or Company. All of the Trustees are members of the Company and guarantee to contribute £1 in the event of a winding up.
The appointment of new Trustees is by resolution of the existing Trustees. The Trust’s constitution provides for a minimum of 5 Trustees (unless otherwise determined by ordinary resolution) but there is no maximum number of Trustees. Two Trustees must reside within 15 miles of Witney.
The Trustees have established four committees reporting directly to the Trust Board: Finance and Property Committee, People and Legal Committee, Business Development Group and Development Committee.
Related parties
The subsidiary entity, Cogges Heritage Enterprises Limited, operates the Cogges Manor café and holds weddings at Cogges Manor Farm. It is anticipated that any surplus generated will be donated to the charity.
Page 3
COGGES HERITAGE TRUST TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
Reference and administrative details
| Charity registration number: | 1141906 | |
|---|---|---|
| Company registration number: | 07204688 | |
| Address/registered office | Cogges Manor | Farm |
| Church Lane | ||
| Witney | ||
| Oxfordshire | ||
| OX28 3LA | ||
| Trustees: | A Blythe-Smith | |
| L Bowman | (resigned 29 May 2025) | |
| R Bradley | ||
| J Bradshaw | (resigned 27 November 2025) | |
| L Chesher | ||
| P Evans | (resigned 27 November 2025) | |
| R Harber | ||
| G Mclean | ||
| C Mills | (appointed 14 January 2025) | |
| A Nickson | (resigned 27 February 2025) | |
| P Sapwell | (appointed 14 January 2025) | |
| E Spencer | (resigned 27 November 2025) | |
| B Walker | ||
| S Williams | ||
| General Manager | G Reed | |
| Independent examiner | Wenn Townsend | |
| 30 St Giles | ||
| Oxford | ||
| OX1 3LE | ||
| Bankers | Lloyds Bank |
This report was approved by the Trustees on 25 June 2026.
C Mills (Trustee)
Page 4
COGGES HERITAGE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COGGES HERITAGE TRUST
I report to the trustees on my examination of the financial statements of Cogges Heritage Trust (the charity) for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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 that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements 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 financial statements have not been prepared in accordance with the 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 applicable 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 financial statements to be reached.
Andrew Rodzynski Member of the Institute of Chartered Accountants in England and Wales
Wenn Townsend 30 St Giles Oxford OX1 3LE
26 June 2026
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COGGES HERITAGE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2025
| Note Income from: Donation and legacies 2 Charitable activities 3 Activities for generating funds 4 Investment income - interest receivable Total income Expenditure on: Generating funds 5 Charitable activities 5 Total expenditure Net expenditure and movement in funds Reconciliation of funds Fund balances at 1 January 2025 Fund balances at 31 December 2025 Prior year breakdown Note Income from: Donation and legacies 2 Charitable activities 3 Activities for generating funds 4 Investment income - interest receivable Total income Expenditure on: Raising funds Charitable activities Total expenditure Net expenditure and movement in funds Reconciliation of funds Fund balances at 1 January 2024 Fund balances at 31 December 2024 |
Unrestricted funds 2025 £ 6,916 373,154 85,665 5,756 |
Restricted funds 2025 £ - - - - |
Total funds 2025 £ 6,916 373,154 85,665 5,756 471,491 35,729 524,005 559,734 (88,243) 487,507 399,264 Total funds 2024 £ 12,426 366,479 108,954 10,512 498,371 66,390 508,276 574,666 (76,295) 563,802 487,507 |
Total funds 2024 £ 12,426 366,479 108,954 10,512 |
|---|---|---|---|---|
| 471,491 35,729 524,005 559,734 (88,243) 486,856 398,613 Unrestricted funds 2024 £ 4,926 366,479 108,954 10,512 490,871 66,390 494,691 561,081 (70,210) 557,066 486,856 |
- - - - - 651 651 Restricted funds 2024 £ 7,500 - - - 7,500 - 13,585 13,585 (6,085) 6,736 651 |
498,371 | ||
| 66,390 508,276 |
||||
| 574,666 | ||||
| (76,295) 563,802 |
||||
| 487,507 | ||||
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
| COGGES HERITAGE TRUST BALANCE SHEET AS AT 31 DECEMBER 2025 Note Fixed assets Tangible assets 8 Investments 9 Current assets Stocks Debtors 10 Investments 11 Cash at bank and in hand Creditors: Amounts falling due within one year 12 Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds: Designated funds General reserves Total funds |
Company no: 2025 £ 4,627 16,262 183,192 46,717 250,798 (43,203) 191,668 206,945 |
07206488 2025 £ 181,669 10,000 191,669 207,595 399,264 651 398,613 399,264 |
2024 £ 4,782 17,446 136,372 136,680 295,280 (40,719) 232,945 253,911 |
Page 6 2024 £ 222,946 10,000 |
|---|---|---|---|---|
| 232,946 254,561 |
||||
| 487,507 | ||||
| 651 486,856 |
||||
| 487,507 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 25 June 2026
C Mills (Trustee)
Page 7
COGGES HERITAGE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025
| 2025 £ Cash absorbed by operations Deficit for the year (per SOFA) (88,243) Interest (5,756) Depreciation 47,687 Decrease in stocks 155 Decrease in debtors 1,184 Increase/(decrease) in creditors 2,484 Net cash absorbed by operations Investing activities Purchase of tangible fixed assets (6,410) Interest received 54 Purchases of current asset investments (41,118) Net cash generated from investing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2025 2024 £ £ (76,295) (10,512) 66,408 1,383 18,331 (3,338) (42,489) - 6 - (47,474) (89,963) 136,680 46,717 |
2024 £ (4,023) 6 |
|---|---|---|
| (4,017) 140,697 |
||
| 136,680 |
COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
Page 8
1 Accounting policies
1.1 Charitable company information
Cogges Heritage Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Cogges Manor Farm, Church Lane, Witney, Oxfordshire, OX28 3LA.
1.2 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below:
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Within unrestricted funds the Trustees may designate funds for particular purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
The Base Licence fee charge made by the Trust to its subsidiary company, Cogges Heritage Enterprises Limited, for use of its resources, including staffing, is based upon apportioning those costs which relate to the daily operation of both organisations on the percentage of total income generated by the respective organisations, excluding certain income, such as grants and gift aid.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income from grants is recognised where there is entitlement and all conditions for receipt have been met.
Income from day admissions and events is recognised on the date of admission or the date of the events. Income from annual season tickets is recognised in income over the period in which the season ticket permits admission.
COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
Page 9
1.5 Expenditure
Expenditure is recognised on an accruals basis as the liability is incurred. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services to beneficiaries. It includes both the costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. No value is recognised for the impact of volunteers in the financial statements because it cannot be measured reliably.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner's fees linked to the strategic management of the charity.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property improvements 10% straight line Fixtures, fittings and equipment 20%-25% reducing balance
Depreciation is the main estimate affecting the financial statements
1.7 Fixed asset investments
- Fixed asset investments, which consist of investments in subsidiary undertakings, are measured at cost, less impairment.
1.8 Stocks
Stocks are stated at the lower of cost and net realisable value.
1.9 Cash and cash equivalents and current asset investments
Cash and cash equivalents include cash in hand, deposits held at call with banks .Cash deposits with financial institutions with an original maturity or notice period of three or more months are presented within current asset investments.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11 Group accounts exemption
The charitable company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. Under charities legislation no group accounts are required as the group income is under £1,000,000. The financial statements present information about the company as an individual entity and not about its group.
1.12 Going concern
There are no significant uncertainties about the charity's ability to continue as a going concern.
Page 10
COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
| 2 Income from donations and legacies Restricted grants/donations Unrestricted donations 3 Income from charitable activities Cogges Manor Farm Admissions (including events) Gift-aid on admissions Educational visits Retail and produce sales Other 4 Income from activities for generating funds Cogges Heritage Enterprises Limited: Café Turnover Licence fee Base Licence fee Hire of site Fundraising and sponsorship 5 Expenditure on charitable activities Cogges Manor Farm Staff costs (note 6) Next Steps Project direct costs Other direct costs Activity supporting expenses Depreciation Premises costs Office and other support costs Governance costs (note 7) Less: costs of generating funds |
2025 £ - 6,916 6,916 2025 £ 289,736 21,154 20,759 40,880 625 373,154 2025 £ 29,648 35,000 7,583 13,434 85,665 2025 £ 219,369 - 82,380 56,479 47,687 105,737 45,562 2,520 559,734 (35,729) 524,005 |
2024 £ 7,500 4,926 |
|---|---|---|
| 12,426 | ||
| 2024 £ 277,363 25,234 15,466 47,716 700 |
||
| 366,479 | ||
| 2024 £ 29,644 66,000 4,676 8,634 |
||
| 108,954 | ||
| 2024 £ 225,340 3,000 65,444 56,200 66,408 113,933 40,309 4,032 |
||
| 574,666 (66,390) |
||
| 508,276 |
Page 11
COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
| 6 Staff costs Wages and salaries Self-employed staff Employers' national insurance (net of employment allowance) Pension costs - defined contribution scheme Key management personnel remuneration Average number of employees No employees earned over £60,000 in either year 7 Governance costs Independent examiner's fees - current year Independent examiner's fees - prior year |
2025 £ 200,888 330 11,956 6,195 |
2024 £ 203,830 3,200 11,130 7,180 |
|---|---|---|
| 219,369 | 225,340 | |
| 52,571 No: 9 2025 £ 2,520 - 2,520 |
50,636 | |
| No: 8 2024 £ 2,400 1,632 |
||
| 4,032 |
Page 12
COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
| 8 Tangible fixed assets Freehold property £ Cost At 1 January 2025 486,997 Additions 1,800 Disposals - At 31 December 2025 488,797 Depreciation and impairment At 1 January 2025 289,384 Depreciation charge for the year 31,516 Released on disposals - At 31 December 2025 320,900 Net book value At 31 December 2025 167,897 At 31 December 2024 197,613 improvements |
Fixtures, fittings and equipment £ 157,750 4,610 (19,381) 142,979 132,417 16,171 (19,381) 129,207 13,772 25,333 |
Total £ 644,747 6,410 (19,381) |
|---|---|---|
| 631,776 | ||
| 421,801 47,687 (19,381) |
||
| 450,107 | ||
| 181,669 | ||
| 222,946 |
Freehold land and buildings with a carrying amount of £167,897 (2024 - £197,613) have been pledged against any liabilities owed to National Heritage Memorial Fund, limited to a maximum of £815,653.
On 25 March 2020, Cogges Heritage Trust acquired Cogges Manor Farm from Oxfordshire County Council. The cash consideration for this acquisition was £1. The trustees consider this to the reflect the fair value of the property, due to the number of conditions and restrictions that are attached to the freehold property. Given these restrictions, the property is reflected in the restricted fund.
As a condition of the transfer of the title to the property, Oxfordshire County Council hold the option of repurchasing the property at a cost of £1 on completion of set conditions. The conditions specified are that either the Cogges Manor Farm Heritage Centre is permanently closed to members of the public, or that the Trust serves written notice to Oxfordshire County Council of it's intention to dispose of the property. This option is available to Oxfordshire County Council for 125 years from the date of the transfer of the property, being 25 March 2020.
| 9 | Fixed asset investments Shares in |
|---|---|
| subsidiary | |
| £ | |
| At 1 January 2025 and 31 December 2025 10,000 |
|
| This consists of 100% of the ordinary share capital of Cogges Heritage Enterprises Limited, a company | |
| incorporated in England and Wales whose main activities are operating the Cogges Manor café and | |
| holding weddings at Cogges Manor Farm. It is anticipated that any surplus generated will be donated | |
| back to the charity |
| The results of Cogges Heritage Enterprises Limited were as follows: | 2025 |
|---|---|
| £ | |
| (Deficit)/surplus for the year | (11,315) |
| Deficit on capital and reserves | (33,397) |
COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
| COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Debtors Trade debtors Amounts owed by subsidiary undertakings Prepayments and accrued income 11 Current asset investments Deposits with financial institutions 12 Creditors: amounts falling due within 1 year Trade creditors Other tax and social security Amounts owed by subsidiary undertakings Accruals and deferred income Deferred income (season tickets) At start of year Released to income Amounts deferred At end of year 13 Restricted funds Cogges Manor Farm - property fund £ At 1 January 2024 1 Income - Expenditure - At 31 December 2024 1 Income - Expenditure - At 31 December 2025 1 |
Next steps project £ 6,735 - (6,735) - - - - |
2025 £ - 6,820 9,442 16,262 2025 £ 183,192 2025 £ 10,963 4,227 - 28,013 43,203 22,639 (22,639) 21,915 21,915 Meadow £ - 7,500 (6,850) 650 - - 650 |
Page 13 2024 £ 2,989 13,031 1,426 |
|---|---|---|---|
| 17,446 | |||
| 2024 £ 136,372 |
|||
| 2024 £ 5,500 4,552 519 30,148 |
|||
| 40,719 | |||
| 18,620 (18,620) 22,639 |
|||
| 22,639 | |||
| Total £ 6,736 7,500 (13,585) |
|||
| 651 - - |
|||
| 651 |
The Cogges Manor Farm property fund relates to the transfer of the property from Oxfordshire County Council (OCC) that arose on the disposal of the lease and immediate acquisition of the freehold for £1 consideration from OCC. There are ongoing restrictions on its use and the charity cannot sell it without prior consent of the council.
The Next Steps project is funded by grants from the National Lottery Heritage Fund together with other donations and grants, and relates to the ongoing development and enhancement of the visitor experience to Cogges.
"Meadow" represents funds received for the reintroduction of the meadow into the educational offering.
Page 14
COGGES HERITAGE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
| 14 Unrestricted funds Designated fixed asset fund £ At 1 January 2024 - Income - Transfers 299,353 Expenditure (66,408) At 31 December 2024 232,945 Income - Transfers 6,410 Expenditure (47,687) At 31 December 2025 191,668 |
General reserves £ 557,066 490,871 (299,353) (494,673) 253,911 471,491 (6,410) (512,047) 206,945 |
Total £ 557,066 490,871 - (561,081) |
|---|---|---|
| 486,856 471,491 - (559,734) |
||
| 398,613 |
The designated fixed asset fund represents the net book value of fixed assets (held by unrestricted funds) which cannot be spent.
| 15 Analysis of net assets between funds At 31 December 2025 Tangible fixed assets Fixed asset investments Net current assets At 31 December 2024 Tangible fixed assets Fixed asset investments Net current assets 16 Trustees and related party transactions Trustees Remuneration Reimbursed expenses Other related parties: Cogges Heritage Enterprises Limited (subsidiary) Licence fees Donation to charity Amounts due from subsidiary (within debtors) Amounts due from subsidiary (within creditors) |
Unrestricted funds £ 181,668 10,000 206,945 398,613 222,945 10,000 253,911 486,856 |
Restricted funds £ 1 - 650 651 1 - 650 651 2025 £ - - 64,648 - 6,820 - |
Total funds £ 181,669 10,000 207,595 |
|---|---|---|---|
| 399,264 | |||
| 222,946 10,000 254,561 |
|||
| 487,507 | |||
| 2024 £ - - 95,644 - 13,031 (519) |