REGISTERED COMPANY NUMBER: CE000452 (England and Wales) REGISTERED CHARITY NUMBER. 1152306 Re ort of the Trustees and Flnan me forthey rEn rll 2025 or
COATS Crowthorne Contents of the Financial Statements hey rEn ed30 Page Reference and Admlnlstratlve Detalls Chalrman's Report Operatlng and Flnanclal Revlew Report of the Trustees to Independent Examlner's Report Statement of Flnanclal Actlvltles Balance Sheet 10 to 11 Notes to the Flnanclal Statements 12 to 27 Detalled Statement of Flnancial Actlvltles 28 to 30
COATS C orne Reference and Administrative Oetai15 for the Year Ended ril 2025 TRUSTEES: P R Hutterli Ms C L Dingley D Briggs D A Cralg C Threlfall Treasurer D Wilson RBFOX M Rickards D J Scouller (appointed 19.5.25) J Monger (appointed 9.5.25) COMPANY SECRETARY: Chris Threlfall REGISTERED CHARITY NUMBER: 1152306 REGISTERED OFFICE: The COATS Centre Pinewood Avenue Crowthorne Berkshire RG45 6RQ INDEPENDENT EXAMINER: PKB Accountants Limited Beechey House 87 Church Street Crowthorne RG45 7AW BANKERS: CAF Bank Ltd 25 Kln8s Hill Road Kings Hill, West Mallln8 Kent ME194JQ The Co-operative Bank l Balloon Street Manchester M604EP CCLA Investment Management Itd Senator House 83 Queen Victoria Street London EC4V4Er Quilter Cheviot Ltd Senator House 85 Queen Victoria Street London EC4V4AB Page I
COATS Crowthome Chalrman's Re for the Year Ended 30 A ril 2025 2024-2025 has been a year of consolidation for COATS. After all the drama of COVID, doubling the size of our Charity Shop and getting a record increase in the number of visitors, it's great to have a year with no dramas1 The Centre The biggest change In the Centre was the departure of our Centre manager of 20 years, Bernie. We gave her a great send off at Christmas following a successful three months of handover to her replacement, Mellssa. I'm delighted so say that Melissa has hit the 8round running and has fitted right into the COATS family doing a terrific job in her first 9 months at COATS. We also welcomed Sarah into the Lounge team, so we are at full strength again. We need the full-strength team too, because visitor numbers continue to remain high, a testament to all the great work the Centre staff and the volunteers are doing. Just follow our Facebook page to see what everyone is up to every week at https,'l/www.facebook.com/COATS Crowthorne. The increased numbers have brou8ht challenges, especlally In the kitchen, so part of our focus this year has been refreshing equipment and increasing the capacity in the kitchen with two new ovens, a new dishwasher and new freezer. This has taken some of the pressure off our terrific chefs and helpers and glven our kltchen a welcome update. The Shop The shop continues to go from strength to strength. After all the challenges around doubling the shop's capacity, worklng through the conversion perlod, the team has settled well Snto the lar8er premises. In many ways we are victims of our own success. Donations are at a record hi8h and we have taken on some extra storage space off-site to try and help with the Inevitable space problems of sortlng, pricing and 5torin8 $0 many donations. Volunteers Of course, the Shop, the Centre and the COATS mini bus couldn't run without our wonderful volunteers. Once a8ain they have stepped up to the challenge, helpin8 US to manage all the additional visitor numbers In the Centre and making sure the Shop and our Event5 continue to provide the fundlng to support them. Thank you from all the Trustees for all your hard work, you are the backbone of COATSI Trustees The past few year has been quite a "changing of the guard" for our Trustee team and we continue to recruit new talent. This year, followin8 an advert on our Facebook page we have welcomed two more new Trustees: Jonathon Monger Dave Scouller Both live locally in Crovrthorne, and between them will be taking on the management of our technology, HR and our Flats. Welcome, Jonathon and Dave Overall I'm delighted to Say that we have had another great year at COATS. We've spent Some of our Reserves refreshin8 and updating our facilities to handle the extra Visitors and our core team of Trustees and Centre staff are back at full strength. We are all looking forward to another busy year at COATSI Pa8e 2
COATS Crowthorne ratln and Flnanclal Revlew forthe Year Ended 30 A rll 2025 The strong performance of our Charity Shop and a good level of financial donations received continue to provide sufficient funds to cover our operating costs, such that the Charity achieved a trading profit of £13,811 {2024 - £5,306). However, our investments performed poorly over a difficult 12 month5 to April 2025 and we incurred unrealised losses on those funds of £3,462 (2024 - gain of £19,137). Our overall Net Income for the year was £10,349 12024 £24,443) which when added to the opening Total Funds of £558,826 gives a closing balance of Total Funds of £569,899. The Charity is therefore In a very healthy financSal position and the Trustees are confident that this will allow the Charity to both improve and expand our current scope of charitable activitie5. 2025 - 26 looks to be a year of significant capital expenditure for the Charity and it is pleasing that we continue to hold sufficient reseNes to proceed with these investments. We are greatly indebted to Yvonne Miles of PKB Accountants who has taken over as our Independent Examlner and managed the preparation of these Reports and Accounts. Under the terms of our Constitution, full responsibility for all assets, liabilities and activities of the Charity is vested in the Trustees. The Charlty can therefore make any lawful Investment which the Trustees see fit, RESERVES POUCY It is the policy of the Charity to maintain reserves at a sufficient level to enable it to continue its current operations for at least twelve months. Undesignated and unrestricted funds at the end of April 2025 stood at £569,149 (2024: £559,550), of which £176,350 is in cash. RESPON5181LITIES OF THE TRUSTEES The trustees are responsible for preparing the trustee5' report and the financial statements In accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practlce) and applicable law and regulations. The law appllcable to charltles In England and Wales requlres the Charlty Trustees to prepare financial statements for each year which 8lve a true and fair view of the state of affalrs of the Charity and of the Incoming resources and applicatlon of resources, of the Charlty for that period, In preparing these flnanclal statements, the Trustees are requlred to: - select suitable accounting policies and then apply them con5iStently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subJect to any material departures dlsclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charitles Act 2011, the applicable Charitles (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking all reasonable steps for the prevention and detection of fraud and other irregularities. The annual report and financial Statements set out on page5 8 to 26 were approved by Trustees and authorised for i55ue on 25th June 2025 and si8ned on behalf of the Board of Trustees by: Page 3
COATS Crowthorne Re rt of the Trustees for the Y r Ended 30 A rll 2025 The Trustees present their report with the financial statements of the Charity for the year ending 30 April 2025. The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the FinancSal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND AcfiviTIES Objectlves and alms The object of the Charlty Is "to promote the rellef of the elderly In Crowthorne and surrounding area in anv manner which now or hereafter may be deemed by law to be charitable" Both Bracknell Forest Councll arbd Wokingham Borough Counc51 cover thls area. The people we serve come from all sections of Society and a wide variety of clrcumstances. Many are widowed and potentially lonely, of varying frailty and Mobility, and most are receiving some form of medlcal attention. We welcome all older people regardless of personal background, falth, Bender or personal circumstances, as we believe this philosophy of openness to all enriches everyone, throu8h the sharlng of skills, aptitudes and life experiences of older people and volunteers. The current prime aim of the Charity is to maximise the use of The COATS Centre, and to deliver a growing number of services to an increasing number of older people in Crowthorne. Page 4
COATS Crowthorne Re ort of the Trustees for the Year Ended 30 A rll 2025 OBJEcfivES AND AcnvmES Significant activities To meet these objertives, the Charity has gradually increased the number of services it is able to provide and is continually seeking to extend these, as funds become available. The Trustees keep in mind the Charlty Commission's Guidance on public benefit when looking into these services, thereby complying with the duty in section 17{5) of the 2011 Charities Act to have due regard to the guidance published. Currently the Charity provides:_ • A Social Centre where older people can rneet in a warm, bright and friendly environment. The Centre is open daily from Monday to Frldav. A meal service which offers a freshly cooked two course meal prepared In our own well-equipped kitchen, flve days a week, including tea and coffee, from 9 am until 4 pm (but 2:30pm Friday) Social activity, in the form of keep-flt classes, dancln& talks, muslcal events, quizzes, skittles, themed days, use of tablet computers and many other events. • Asslstance to older people suffering from early stages of dementia. The Charity is able to help bridge the gap between mild sufferers of dementia, who are able to attend without difficulty, and the more serious cases, who are then helped to obtain specialist care. Respite cover for carers during the day. Help to older people In need, followlng a bereavement or illness, through a growin8 network of churches, local doctors and other organisations. Transportation for those unable to make their own way to The Centre, through the use of the COATS, minl-bus. This is able to transport up to 8 people on one journey, including a wheelchair. Several journeys are undertaken each day wlthln the RG45 postal code area. Facilltles for other local charities that provide support for older people. Opportunltles to get advlce on a range of important matters relatin8 to older people. The Charity, in pursuing all Sts actlvitles, Is enthuslastically supported by about one hundred volunteers, many of whom are older persons themselves, who not only help in The COATS Centre, but also drive the minibus, and especially manage and operate the COATS Charlty Shop at 2271229 High Street, Crowthorne, which is so vital to the funding of the Charity. In addition, the dedicated Events committee organise many very popular and enjoyable events throughout the year, raising valuable funds for the Charity. COATS, therefore, makes a major contribution to the well-being of many of the older people of Crowthorne, thereby reducing and delayin8 the need for more costly forms of support. Taken together with the contributlon of the staff and all the volunteers, COATS offers a valuable servlce and enjoys a central position in the life of the community of Crowthorne. Page 5
COATS Crowthome Re ort of the Trustees forthe Year Ended 30A rll 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Charity was founded in November 1966 and was governed by Its Constltution dated 17 March 1970 a5 amended on 19 October 1999 and 17 October 2005. However, following an Extraordinary General Meeting held on 18 March 2013, application was made to the Charity Commission to become a Charitable Incorporated Organisation {CIO), with virtually the same objectives, and this was accepted. The new CIO, wlth Charlty number 1152306, was registered on 6 June 2013, and began operating from l Au8LlSt 2013, when it received all the assets and liabilities of the unincorporated Charity number 259897. The name of the charity was changed to COATS Crowthorne following approval by the Members at the Annual General Meeting held on 26h September 2022. The Trustees belleved that the previous name of Crowthorne Old Age to Teen Charity was unwieldly and needed to be modernised to align with the well- known name of our successful charity shop. Recrultment and appolntment of new trustees Prospective Trustees are Identified as potential Trustees of the Charlty and are recruited by word of mouth or by selectSve advertlsln8. Our policy is now to invite them to three meetln8S to see whether they are happy to undertake the responsibilitle5 of a COATS Trustee. If so, following receipt of a satisfactory D8S report, they are invited to be appointed as a Trustee to hold office until they are proposed for election at the next Annual General Meeting. New Trustees undertake an induction process that includes belng made aware of their responsibilities as Trustees, the governing document, administrative procedures and the history and phSlosophical approach of the Charity. The Secretary supplies each new Trustee with copies of the previous year's Annual Report and Accounts and a copy of the Charlty Commlsslon publications 'The Essential Trustee: An Introduction, and 'The Essential Trustee: What You Need to Know,. Organlsatlonal structure Management of COATS Crowthorne is vested In between 6 and 15 Trustees, but normally 10 - 12, who form the Committee. The Trustees elect the Officers who comprise the Chairman, Treasurer and Secretary. The.Trustees are elected at the Annual General Meeting. One third of Trustees must stand down each year but can stand for re-election. Day-to-day management of The COATS Centre Is delegated to the Centre Manager. Rlsk mana8ement The Trustees have a duty to Identlfy and revlew the rlsks to whlch the Charity is exposed and to ensure appropriate controls are in place to Pfovide reasonable assurance against fraud and error. All policies and procedures are regularly reviewed and updated as necessary. A Trustee is nominated as the Health & Safety representative. Page 6
COATS Crowthorne Re rt of the Trustees for the Year Ended 30 A rll 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE000452 (England and Wales) Registered Charity number 1152306 Reglstered offlce The Coats Centre Pinewood Avenue Crowthorne Berkshire RG45 7RQ Trustees P R Hutterli Ms CLDlnglev D Briggs D A Craig C Threlfa11 Treasurer D Wilson R8Fox M Rickards D J Scouller (appointed 19,5.251 J Monger {appolnted 9.5.25) Company Secretary C Threlfall Independent Examlner Yvonne Miles IFCCA} PKBAccountants Limited Chartered Certified Accountants Beechey House 87 Church Street Crowthorne Berkshire RG45 7AW Approved by order of the board of trustees on 30th June 2025 and slgned on its behalf by: C Threlfall - Trult P R Hutterli- Chairman and Trustee Page 7
"ner's Re COATS Crowthorne rt to the Trustees of I report on the accounts of the Charity for the year ended 30 April 2025, which are set out on pages 8 to 29. Respectlve responsibilities of Trustees and Examiner As the Charity's Trustees of COATS Crowthorne you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the COATS Crowthorne's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Act. Independent Examiner's statement Since the COATS Crowthorne's gross Income exceeded £250,OIX) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ACCA, whlch Is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination 8ivin8 me cause to believe that in any materlal respect: l. Accounting records were not kept in respect of COATS Crowthorne as required by section.130 of the Act: or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a 'true and falr vlew, which Is not a matter consldered as part of an independent examination. I have no concerns and have come across no other matters In connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. Yvonne Miles (FCCA) The Association of Chartered Certified Accountants PKB Accountsnt5 Limited Chartered Certified Accountants Beechey House 87Church Street Crowthorne Berkshire RG45 7AW Date: 3ts Zoxf The notes form part of these financial statements Page 8
COATS Crowthorne Statement of FSnanclal Artiviti for th Ended 30A ril 2025 30.4.25 Total funds 30.4.24 Total funds Unre5trirted Restricted fund fund Notes INCOMEANO ENDOWMENTS FROM Donations and legacies 13.595 13,595 19,619 Charitable activities Charitable activities 58,445 58,445 49,981 Other trading activities Investment income 225,633 57,979 225,633 57,979 185,679 59,872 Totsl 355,652 355,652 315,151 EXPENDITURE ON Raising funds 69,533 69,533 80,865 Charltable actlvltles Charitable activities 272,308 272,308 228,980 T¢)tal 341,841 341,841 309,845 Net gainslllosses) on Investments (3,4621 (3,462) 19,137 NET INCOME 10,349 10,349 24,443 RECONauATION OF FUNDS Total funds brought forward 558,800 750 559,SS0 535,107 TOTAL FUNDS CARRIED FORWARD 569,149 750 569,899 559,550 Page 9
COATS Crowthorne Balance Sheet 30A ril 2025 30.4.25 30.4.24 Notes FIXED ASSETS Tangible assets Investments 14 15 191,986 207,593 206,891 208,956 399,579 415,847 CURRENT ASSETS Debtors Cash at bank and in hand 16 17 6,925 176,350 8,773 152,983 183,275 161,756 CREDITOR5 Amounts falling due wlthln one year 18 (12,955) {18,053} NET CURRENT ASSErs 170,320 143,703 TOTAL ASSETS LESS CURRENT LIABIUTIES 569,899 559,550 NET ASSETS 569,899 559,550 FUNDS Unrestricted funds Restricted funds 21 569,149 750 558,800 750 TOTAL FUNDS 569,899 559,550 The charitable company Is entitled to exemption from audlt under Section 477 of the Companles Act 2006 for the year ended 30 April 2025. The members have not required the company to obtaln an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge thelr responsibilities for {a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparin8 financial statements which give a true and fair vlew of the state of affair5 of the charitable company as at the end of each flnancial year and of its surplu5 or deficit for each financlal year in accordan with the requirements of Sections 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 10
COATS Crowthorne Balance Sheet- continued 30A ril 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statement5 were approved by the Board of Trustees and authorised for i55ue on 3jUne 2025 and were signed on its behalf by: C Threlfall rustee P R Hutterli - Chalrman and Trustee Page 11 continued...
COATS Crowthorne Notes to the Flnanclal Statements for the Year Ended 30 A ril 2025 ACCOUNTING POUCIES General Information The charity is a registered charity in England and Wales and is a Charitable Incorporated Organisation (CIO). charity number 1152306 Statement of ComplIae The financial statements have been prepared in accordance with Accounting and Reporting by Charltles: Statement of Recommended PractSce appllcable to charltles preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 20191 (Charities SORP {FRS 102)), and the Financial Reportln8 Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011. Basls of preparlng the flnanclal statements The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are InStlally recognised at hSstorlcal cost or transaction value unless otherwise stated in the relevant accountln8 policy note(s). The financial statements are prepared In sterlin& which Is the functional currency or the entlty. Monetsry amounts In these financlal statements have been rounded to the nearest £ Exemptlon from preparlng a cash flow statement The charity is a small charity and has utilised the small entity exemption from producing a statement of cash flows. Preparatlon of the accounts on a golng concern basls The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these flnanclal statements. The Trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The Trustees are of the opinion that the Charity will have sufflclent resources to meet its liabilities as they fall due. The Charity reported a cash funds inflow of £40,499 for the year and has undesignated and unrestricted funds of £569,149. Income Income recognltlon income is recognised when the Charlty has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured with sufFicient rellablllty. Grants and donatlor Grants and donations are only included in the Statement of Financial Activities1SofA) when the 8eneral income recognltSon criteria are met. In the case of performance related grants, income must only be recognised to the extent that the Charity has provided the specified goods or services as entitlement to the grant only occur5 when the performance related conditions are met. Page 12 continued...
COATS Crowthorne Notes to the Financial Statements- contlnued for the Year Ended 30 A ril 2025 ACCOUNTING POLICIES- continued Income Legacies For legacies, entitlement is taken as the earlier of the date on which either. the Charity 15 aware that probate has been granted, the estate has been finalised and notification has been made by the executorls) to the Charlty that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only consldered probable when the amount can be measured reliably. and the Charity has been notified of the executor's intention to make a distribution. Where le8acies have been notified to the Charity or the Charity is aware of the granting of probate. and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and dlsclosed rf material. Governmentzrants Income from government and other grants, whether'capital, grants or.revenue' grants, is recognised when the Charlty has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the Income wlll be received, and the amount can be measured reliably and is not deferred, Tax reclalms on donatlons and 81fts Gift Aid receivable is included in incorne when there is a valid declaration from the donor, Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the Same fund a5 the initial donatlon unless the donor or the terms of the appeal have specified otherwise. Donated goods and services Includln£ volunteers The value of donated goods for resale Is recognlsed as income when sold as the Charity deems it Impractical to estimate the fair value of the donated goods for resale on receipt. The proceeds of sale are categorlsed as'lncome from other trading activities in the SOFA. The value of any voluntary help received is not included in the accounts but is described in the Trustees, Annual Report. Income from Interest and divlderKIs This is included in the accounts when receipt Is probable, and the amount receivable can be measured rellably. Income from membershlp subscrlptl•)ns Membership subscriptions received in the nature of a gift are recognised in Donation5 and Legacies. Investment gains and losses This includes any realised or unreallsed galns or105ses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that a8gre8ate all costs related to the category. The c05t of generating funds includes fund raising costs, trading costs and investment management charges. PaBe 13 continued...
COATS Crowthorne Notes to the Financial Statement5- continued for the Year Ended 30 A ril 2025 ACCOUNTING POLICIES- continued Expendlture The cost of charitable activities includes the payroll costs of the COATS Centre staff, and day-to-day running costs of the COATS Centre as shown in Note 7. Governance costs include costs of the preparation and examination of statutory accounts, the costs of Trustee meetings and cost of any legal advice to Trustees on governan or constitutional matters. Tanglble flxed assets Depreciation is provided atthe following annual rates in order to write off each asset over its estimated useful life. Freehold property Lon8 leasehold Improvements to property Fixtures and flttlngs Motor vehicles Computer equlpment 2% on cost of buildings Straight line over term of lease IO% on cost 20% on reducing balance 25% on reducin8 balance 33% on cost Taxatlon The Charity Is a reglstered charity and is exempt under Part 11 of the Corporation Tax Act 2010 on Its Income and section 256 of the Taxation of Chargeable Gains Act 1992 on its capital gains. The Charity is registered for VAT In order to claim VAT on Shop expenditure (Sales are zero rated). The Centre continues to enjoy exempt status irrecoverable VAT is charged a8ainst the expenditure headlng for which it was incurred. Fund accountlng Unrestrlcted funds can be used in accordance wlth the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restrlcted purposes within the objects of the Charity. Restrictions arlse when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in Note 20 to the financial Statements. Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Investments are a form of basic financial instrument and are initially recognised at thelr transaction value and subsequentty rneasured at thelr fair value as at the balance sheet date using the closing quoted market price. The SOFA includes the net gains and losses arlsing on revaluation and disposals throughout the year. Page 14 continued...
COATS Crowthorne Notes to the Flnanclal Statements - contlnued for the Year Ended 30 A rll 2025 ACCOUNTING POLICIES- contlnued Allocatlon and apportlonment of costs Certain expenditure is directly attributable to specific activities and has been reported in those expenditure categories. Operatlng leases Rentals payable under operating leases are charged against income on a straight-line basis over the lease term. Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of one year from the date of acquisition or openin8 of the deposit or similar account. Credltors Credltors are recognlsed 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 obllgatlon can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Penslon costs and other post-retlrement beneffts The Charlty operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the Charity. There were no outstandlng contrlbutions at the year end. Contributions payable to the employees, stakeholder penslon schemes are charged to the SOFA In the perlod to which they relate and are detailed in Note 11, DONATIONS AND LEGACIES 30.4.25 30.4.24 Donatlons Grants Subscriptions 12,964 18,419 750 450 631 13,595 19,619 Grants received, included in the above, are as follows: 30.4.25 30.4.24 Wokingham without parlsh council 750 Page 15 continued...
COATS Crowthorne Notes to the Financial Statements- continued for the Year Ended 30 A ril 2025 OTHER TRADING AcllviTIES 30.4.25 30.4.24 Shop income Income from online sales Income from metal recycling Income from textile recycling 218,236 3,885 1,224 2,288 171,081 9,876 1,564 3,158 225,633 185,679 INVESTMENT INCOME 30.4.25 30.4.24 Rents received Otherfixed asset investments Deposit account interest 49,910 2,099 5,970 50.303 3,783 5.786 57,979 59,872 INCOME FROM CHARITABLE AcfiviTIES 30.4.25 30.4.24 Activity The COATS Centre: Attendance and lunches The COATS Centre Bus:Transport Charltable actlvltles 50,452 44,123 Charitable activities 7,993 5,858 58,445 49,981 Page 16 continued.
COATS Crowthorne Notes to the Financi31 Statements - contlnued for the Year Ended 30 A ril 2025 RAISING FUNDS Other tradlng actlvities Unrestricted Total Funds Total Funds Funds 2025 2024 48,728 48,728 68,226 20,805 20,805 12,639 Note Operation of charity shop Investment management costs 69,533 69,533 80,865 Investment management costs 30.4.25 30.4.24 Woodmancote House: Management fees Woodmancote House". Water, light and heat, and other costs Woodmancote House: Repairs and renewals 6,275 4,748 9,782 4,251 6,524 1,864 20,805 12,639 Aggregate amounts 69,533 80,865 Page 17 continued...
COATS Crowthorne Notes to the Flnanclal Statements - contlnued for the Year Ended 30 A rll 2025 CHARITABLE ACTIVITIES COSTS By Fund Unrestricted Funds Restricted Total Funds Funds 2025 Total Funds 2024 Note Provision of The COATS Centre facilities Provision of transport facilities 263,663 249,573 219,621 8,645 4.345 9,359 272,308 272,308 228,980 y Activity Note 2025 Total Funds 2024 Total Funds Activities undertaken dlrectly Support costs Provision of The COATS Centre facilltles Provision of transport facilities 249,031 14,632 263,663 220,368 4,345 4,300 8,645 8,612 253,376 18,932 272,308 228,980 Included within expenditure above there are governance costs of £4,300 {2024 - £2,913) which relate dlrectly to charitable activities. See below for further details. ANALYSIS OF EXPENDITURE ON ACTIVITIES UNDERTAKEN DIRECTLY FOR PROVISION OF THE COATS CENTRE FACILITIES Unrestricted Funds 154,538 Restricted Tota l Funds Funds 2025 154,538 Total Fund5 2024 121,378 3,518 5,305 542 26,034 1,610 15,369 Wages and salaries Social securlty costs Other pension costs Training and recruitment Food and supplies Insurance Light, heat; rates and water Postage and stationery Telephone Activities and entertainment Repairs and malntenance aeaning Health and safety Waste collection Other expenses 7,403 7,403 31,739 5,861 13,803 31,739 5,861 13,803 4,178 10,260 14,463 1,166 3,458 2,162 4,178 10,260 14,463 1, 166 3,458 2, 162 3,719 7,797 12,372 1,937 3,058 2,315 249,031 249,031 205,422 Page 18 continued...
COATS Crowthorne Notes to the Financial Statements- continued for the Year Ended 30 A rf12025 CHARITABLE ACTIVITIES COSTS - contlnued SUPPORT COSTS By Fund Unrestricted Restricted Total Funds Funds Funds 2025 3.741 3,741 10,891 10,891 Total Funds 2024 4.018 10,928 Other legal and professional fees Depreclation of tsngible fixed assets 14,632 14,632 14,946 By Activity Unrestrlcted Restricted Funds Funds 2,500 1,800 Total Funds Total Funds 2025 2024 2,500 1,853 1,800 1,060 Accountancy support Independentexaminer's fee 4,300 4,300 2,913 18,932 18,932 17,859 OIRECT COSTS OF CHARITABLE ACTIVITIES UnrestrScted Tota l Funds Funds 2025 28,224 28,224 1,493 1,493 4,421 4,421 1,619 1,619 4,504 4,504 4,637 8,467 Total Funds 2024 22,147 1,052 3,016 23,233 2,250 16,528 Operatlng leases- land and buildin85 Telephone Li8ht and heat Repalrs and maintenance Oepreciation of leasehold property Other expenses 48,728 48,728 68,226 Page 19 continued...
COATS Crowthorne Notes to the Financial Statements- continued for the Year Ended 30 A ri12025 NET INCOME/{EXPENDITURE) Net income/(expenditure) is stated after chargingl{crediting): 30,4.25 30.4.24 Depreciation- owned assets Other operatlng leases Other pension cost5 Leasehold depreciation Independent examlner fee Accountancy services 15,395 28,224 7,403 4,504 1,800 2,500 13,178 22,147 5,305 2,250 1,060 1,853 10. TRU5TEE5' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024. Trustees, expenses There were no trustees, expenses pald for the year ended 30 April 2025 nor for the year ended 30 April 2024. 11. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 148,654 5,884 7,403 121,378 3,518 5,305 161,941 130,201 The average monthly number of employees during the year was as follows: 30.4.25 30.4.24 Day centre facilities . The COATS centre No employees received employee benefits in excess of £60,00012024: nil) with all employee time involved in the provision of charitable activities. Since l April 2016, the Charity has been paying contributions to The People's Pension in order to complywith the Government'5 auto-enrolment le8islation. It makes the same contribution of up to 5% of the employee's basic salary, provided this is matched by the employee. Seven employees participated in the staff pension arrangements. Page 20 contlnued...
COATS Crovrthorne Notes to the Flnanclal Ststements- continued for the Year Ended 30 A ril 2025 12. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Total Funds Funds 2025 50,452 50,452 7,993 7,993 Total Funds 2024 44,123 5,858 Provision of The COATS Centre facilities Provision of transport facilities 58.445 58,445 49,981 13. GIFT AID No gift aid was received under the Gift Aid scheme durin8 the year { 2024.. NIL ) , the amount received Is included in Donations, Gifts and Le8acies. IQ TANGIBLE FIXED ASSETS Improvements to property Freehold property Long leasehold COST At l May 2024 Additions 265,425 45,000 68,598 At 30 Aprll 2025 265,425 45,OCK) 68,598 DEPRECIATION At l May 2024 Charge for year 129,389 5,305 2,250 4,504 68,598 At 30 April 2025 134,694 6,754 68,598 NET BOOK VALUE At 30 April 2025 130,731 38,246 At 30 Aprll 2024 136,036 42,750 Page 21 continued...
COATS Crowthorne Notes to the Financial Statements- continued for the Year Ended 30 A rll 2025 14. TANGIBLE FIXED ASSETS - contlnued Fixtures and fittings Motor vehicles Computer equipment Totals COST At l May 2024 Additions 84,909 490 61,116 3,213 528,261 490 At 30 April 2025 85,399 61,116 3,213 528,751 DEPRECIATION At l May 2024 Charge for year 67,651 3,165 50,269 2,421 3,213 321,370 15,395 At 30 Aprll 2025 70,816 52,690 3,213 336,765 NET BOOK VALUE At 30 Aprll 2025 14,583 8,426 191,986 At 30 Aprll 2024 17,258 10,847 206,891 15. FIXED ASSET INVESTMENTS Listed investments MARKETVALUE At l May 2024 Addition5 Net unrealised gain/(Ioss) on revaluation 208,956 2.099 (3,462) At 30 April 2025 207,593 NET BOOK VALUE At 30 April 2025 207,593 At 30 April 2024 208,956 There were no investment assets outside the UK. All investments are carried at thelr falr value. Holdings in common investment fund5 are at the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value). Page 22 continued,..
COATS Crowthorne Notes tothe Financial Statements-continued for the Year Ended 30 A ril 2025 15. FIXED ASSET INVESTMENTS - cont5nued The main risk to the Charity from financial instruments lies in the comblnation of uncertain investment markets and volatility in yield. 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors and prepayments 6,925 8,773 6,925 8,773 17. CASH AT BANK AND IN HAND 30.4.25 Total funds 30.4.24 Totsi funds General fund Restricted fund Cash in hand Bank account no. I Bank account no. 2 Bank account no. 3 Bank deposit account 754 332 8,257 81,257 85,000 754 1,082 8,257 81,257 85,000 750 152,983 Total 175,600 750 176,350 152,983 18. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 30.4.25 30.4.24 Trade creditors Other credftors Accruals and deferred Income 3,017 4,499 328 13,226 9,938 12,955 18,053 Page 23 continued...
COATS Crowthorne Notes to the Flnanclal Statements - continued for the Year Ended 30 A ril 2025 19. LEASING AGREEMENTS The Charlty lease5 the Shop from which it trades. During the year a new lease was taken out on the shop premises adjoining the existing shop premises. A renewal lease was taken out to follow on from the existing lease and a separate lease negotiated on the new premises. Both leases are now on a 10- year basi5. Land and buildings 2025 2024 Amounts due . Within one year Within two year to fNe years Within six to ten years 27,394 122,300 18,410 27,347 109,387 118,502 168,104 255,236 Operatlng lease agreement5 where the Charlty Is lessor The Charity owns Woodmancote House which has S rooms in 3 flats that are let to third parties. The assured short term tenancy agreements are on twelve-month terms, thereafter with monthly roll overs, with provlslons for annual rent reviews. Future minimum rentals receivable underthe tenancy a8reements are as follows: Land and buildings 2025 2024 Amounts due , Within one year 48,172 48,172 48,156 48.156 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible fixed assets Investments Net current assets Total 2023 Unrestricted funds Restricted funds 191,986 207,593 169,570 750 558,800 750 Total funds at 30 April 2024 191,986 207,593 170,320 559,550 Page 24 continued...
COATS Crowthorne Notes to the Flnancial Ststements - continued for the Year Ended 30 A rll 2025 21. MOVEMENTIN FUNDS Net movement in funds At 30.4.25 At 1.5.24 Unrestrlcted funds General fund 558,8CMJ 10,349 569,149 Restrirted funds Restricted fund 750 750 TOTAL FUNDS 559,550 10,349 569,899 Net movement In funds, Included In the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 355,652 (341,841) (3,462) 10,349 TOTAL FUNDS 355,652 (341,841 (3,462) 10,349 Comparatlves for movement In funds Net movement in funds At 30.4.24 At 1.5.23 Unrestrlcted funds General fund 533,019 25,781 558,800 Restrlrted funds Restricted fund 2,088 {1,338) 750 TOTAL FUNDS 535,107 24,443 559,550 Page 25 continued.
COATS Crowthorne Notes to the Financial Statements- continued for the Year Ended 30 A ril 2025 21. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted fund5 General fund 314,401 (307.757) 19,137 25,781 Restrlcted funds Restritted fund 750 12,088) {1,338) TOTAL FUNDS 315,151 (309,8451 19,137 24,443 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 30.4.25 At 1.5.23 Unrestrlcted funds General fund 533,019 36,130 569,149 Restrlcted funds Restricted fund 2,088 (1,338) 750 TOTAL FUNDS 535,107 34.792 569,899 A current year 12 months and prior year 12 months combined net movement in funds, Included In the above are as follows: Incomln8 resources Resources expended Gains and Movement 1055es in funds Unrestricted funds General fund 670,053 1649,598) 15.675 36,130 Restricted funds Restricted fund 750 12,088) {1,338) TOTAL FUNDS 670,803 (651,686) 15,675 34,792 Pa8e 26 continued...
COATS Crowthorne Notes to the Financial Statements - continued for the Year Ended 30 A ril 2025 22. RELATED PARTY DISCLOSURES There were no related party transactions in the current or previous year. The Trustees all give freely their time and expertise without any form, of remuneration or other benefit in cash or kind12024: £nill. Expenses paid to the Trustees in the year totalled £Nil {2024- £NIII. No Trustee received payment for professional or other services supplied to the Charity 12024: £nil). ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash at bank and in hand Short term deposits with a maturity date within one year 176,374 152,983 176,374 152,983 Page 27
AT Crowthorne Detailed Statement of Financial Activities rEn ril 2 30.4.25 Total funds 30.4.24 Total funds Unrestrirted funds Restricted funds INCOME AND ENDOWMENTS Donatlons and legacies Donations Grants Subscriptions 12,964 12,964 18,419 750 450 631 631 13,595 13,595 19.619 Other tradlng actlvltles Shop income Income from online sale5 Income from metal recycling Income from textlle recycllng 218,236 3,885 1,224 2,288 218,236 3,885 1,224 2,288 171,081 9,876 1,564 3,IS8 225,633 225,633 185,679 Investment Income Rents received Other flxed asset investments Deposlt account interest 49,910 2.099 5,970 49,910 2,099 5,970 50,303 3,783 5,786 57,979 57,979 59,872 Charltable artlvltles The COATS Centre: Attendance and lunches The COATS Centre Bus:Transport 50,452 7,993 50,452 7,993 44,123 5,858 58,445 58,445 49,981 Totsi Incomlng resources 355,652 355,652 315,151 EXPENDITURE Ralslnzdonatlons and legacies Light and heat Telephone Other expenses Carried forward 4,421 1,493 8,467 14.381 4,421 1,493 8,467 14,381 3,016 1,052 16,528 20,596 This page does not form part of the statutory financial statements Page 28
ATS Crowthorne Detailed Statement of Financlal Activit5es for the Year Ended 30 A ril 2025 30.4.25 Total funds 30.4.24 Total funds Unrestricted funds Restricted funds Ralslng donatlons and legacles Brought forward Repairs and maintenance 14,381 1,619 14,381 1,619 20,596 23,233 16,000 16,000 43,829 Other trading artlvities Other operating leases Long leasehold 28,224 4,504 28,224 4,504 22,147 2,250 32,728 32,728 24,397 Investment management costs Woodmancote House: Management fees Woodmancote House: Water, Ilght and heat, and other costs Woodmancote House: Repairs and renewals 6,275 6,275 4,251 4,748 4,748 6,524 9,782 9,782 1,864 20,805 20,805 12,639 Charltable actlvltles Wages Social securlty Penslons Insurance Li8ht and heat Postage and stationery Sundries Activities and entertainment Repairs and maintenance Cleaning Health and safety Waste collection Other expenses Other legal and professional Training and recruitment Other operating expenses Accountancy support Independent examinerfee's Carrbed forward 148,654 5,884 7,403 5,861 13,803 148,654 5,884 7,403 5,861 13,803 121,378 3,518 5,305 1,610 15,369 468 26,034 3,719 7,797 12,372 1,937 3,058 2,315 4,018 542 5,699 1,853 1,060 218,052 31,739 4,178 10,260 14,463 1,166 3,458 1,635 3,741 527 4,345 2,500 31,739 4,178 10,260 14,463 1,166 3,458 1,635 3,741 527 4,345 2,5(K) 1,8tM) 261,417 261,417 This page does not form part of the statutory financial statements PaBe 29
COATS Crowthome Detailed Statement of Financial Activities r th Year Ended 3 30.4.25 Total funds 30.4.24 Total funds Unrestricted funds Restricted funds Charltable actlvltles Brought forward Freehold property Fixtures and fittings Motor vehlcles 261,417 5,305 3,165 2,421 261,417 5,305 3,165 2,421 218,052 5,340 1,928 3,660 272,308 272,308 228,980 Total resources expended 341,841 341,841 309,845 Net Income before galns and10sses 13,811 13,811 5,306 Reallsed reco8nlsed galns and losse5 Realised galns/(losses} on fixed asset investments 13,462) (3,462) 19,137 Net Income 10,349 10,349 24,443 This page does not form part of the statutory financial statements Page 30