2023-04-30-accounts - Cober Hill Charitable Trust

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		Page
Report ofthe Trustees		1to3
Report ofthe Independent	Auditors	4to6
Consolidated Statement of Financial Activities
Consolidated and Parent	Balance Sheet
Consolidated Statement ofCash Flows
Notes tothe Consolidated	Financial Statements	10to 19

								2023	2022
						Unrestricted	Endowment	Total	Total
						Fund	Fund	Funds	Funds
					Notes	f.	I
INCOME AND ENDOWMENT FROM
Dtmations and legacies						1,300		1,300	1,529
Charitable activities
Hotel bookings fees						1,013,230		1,013,230	728,604
Investment Income						5 822		5,822	5,818
Total Income						1,020,352		1,020,352	735,951
EXPENDITURE ON
Raisiag fuads
Investment management			costs			217		217	150
Charitable activities
Actlvlnes costs					8	1,081,640		1,081,640	685,457
Support costs Governance costs					8 8	61,023 20,837		61,023 20,837	47,491 6,694
						63		63	40
Total Expenditure						1,163,780		1,163,780	739,832
Remeasumment gain	in	defined		benefit pension	scheme	6,006		6,006	34,193
Net Bosses)/gmns/on	investments					26,029		26,029	28,586
NET (EXPENDITURE)/INCOME
NET MOVEMENT	IN		FUNDS FOR THE			(163,451)		(163,451)	58,898
YEAR
RECONCILIATION		OF FUNDS
Total funds b/f as previously				stated		1,700,049		1,700,049	1,547,152
Prior period adjusunent Funds B/fwd as restated									93,999 1,641,151
Total funds brought	forward					1,700,049		1,700,049	1,641,151
TOTAL FUNDS CARRIED				FORWARD		1,536,598		1,536,598	1,700,049

			Group	Group	Parent	Parent
		Note	2023	2022	2023	2022
				as restated		as restated
			I	I
FIXEDASSETS
Tangible assets Investments		10 ll	1,750,000 149066	1,757,263 223938	I 899066	1973938
Total			1,899,066	1,981,201	1,899,066	1,973,938
CURRENT ASSETS
Stocks			13,561	16,689
Debtors		12	23,313	45,475	72,121	71,648
Cash at bank snd in hand			78421	125,559	9,492	6,935
Total			115,295	187,723	81,613	78,583
CREDITORS
Amouats falling due within	one year	13	467,252	452,358
NET CURRENT ASSETS/(LIABILITIES)			(351957)	(264,635)	81,613	78,583
TOTAL ASSETSLESSCURRENT LIABILITIES			1,547,109	1,716,566	1,980,679	2,052,521
PENSION LIABILITY			10,511	16,517
NET ASSETS			1,536,598	1,700,049	1,980,679	2,052,521
FUNDS
Unrestricted funds			1,536,598	1,700,049	230,679	302,521
Endowment funds;
Fair Value funds					1,750,000	1,750,000
Other Funds
TOTAL FUNDS		14	1,536 598	1,700,049	1,980,679	2,052,521

				Gmup	Group
			Notes	2023f	2022 f
Cash flows from operating activities
Cash generated from operations				127,832	120,387
Net cash from operating	activities			127832	~120387
Cash flows from investing	activities
Purchase tixed asset investments
Loss/(gain) on fixed asset investments		-Revaluation		23,338	(28,586)
Loss/(gaia) on fixed asset investments		-Disposal		51,534
Interest received				I
Dividends received					5,818
Net cash provided by (used in) investing			activities	80,694	(22,768)
Change in cash and cash	equivalents	in	the reporting	(47,138)	97,619
period
Cash snd cash equivalents	at the beginning		of the reporting
period				125,559	27,940
Cash and cash equivalents	at end ofyear				125,559

1.RECONCILIA	T	ION OFNET INCOME	/(EXPENDITURE) TON	ET CASH FLOW FROM	OPERATING A
				Group	Group
				2023f	2022 I
Net income/(expenditure) for the reporting			period (as per the
statement offinancial activities)				(163,451)	58,898
Depreciation				7,263 (156,188)	7,262 66,160
Dividmds received				(5,821)	(5,818)
Internet received				(I)
(Increase)/decresse		in stocks		3,128	(8,646)
(Increase)/decrease		in debtors		22,162	(14,174)
Increase/(decrease)		in creditors		8,888	82,865
Cash generated	from operations			127,832)	120,387

			Umestricted	Endowment	Total
			fund f	fund f	fundsf
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		1,529		1,529
Charitable	Activities
Hotel Bookings Fees			728,604		728,604
Investment	Income		5,818		~5818
Total			735,951		735,951
EXPENDITURE ON
Rnlsliig funds Investment management		costs	150		150
Charitable	activities
Activities	Costs		685,457		685,457
Support Costs Governance Costs			47,491 6,694		47,491 6,694
Other			40
Total			739,832		739,832

			Unrestricted	Endowment	Endowment	Total
			fund	fund		funds
			f	f
Net gains/(losses) levee/ments	on investments		28,586			28,586
Pension			34193			34,193
NET INCOME/(EXPENDITURE)			58,898			58,898
RECONCILIATION OF FUNDS
Total funds b/1'wd as previously		stated	1,547,152			1,547,152
Prior period adjustment			93,999			93,999
Funds b/fwd ss	restated		1,641,151			1,641,151
Total funds brought forward			1,641,151			1,641,151
TOTAL FUNDS	CARRIED FORWARD		1,700049			~1700049
5.FINANCIAL	PERFORMANCE OFTHK CHARITY
The consolidated	statement offinancial activities includes the		results ofthe clmity's		wholly owned subsidiary

The summsty	the charity alone is:
				2023		2022
				f
Net (de/icit)/surplus				71,842		35,100
6.INVESTMENT INCOME					Parent
		2023	2022	2023		2022
			f	f,		f
Dividends		5,821	5,818	5,821		5,818
Bank Interest		1			1
		5,822	5,818	5	822	5	818
7.INVESTMENI' MANAGEMENT	COSTS				Parent
		2023	2022	2023		2022
				f
Portfolio management		217	150		217		150
		217	150		217		150

8.CUBERHILL LIM	ITED COSTS
		2023	2022
			f
Activities Costs
Staff Costs		639,958	408,323
Food Purchases		138,812	90,491
Marketing		8,501	4,045
Repairs and Renewals Gardening Housekeeping Expenses Building Utilities		54,252 30,057 26,460 104,084	38,174 2,756 24,853 80,667
Course Expenses and Guest Entertainment		17,307	7,740
Motor Expenses		903	55
Staff Tmining		7,391	2,436
Bank charges and other fees Licences and subscriptions		11,673 6,909	10,640 8,015
Depreciation		7,263	7,262
Exceptional item - Redundancy		28,070 1,081,640	685457
Support Costs Bookkeeping Insurance		19,863 9,665	14,213 6,618
Telephone		7,145	7,232
Postage and Stationery Bank Interest		2,697 942	4,301 495
Preference Dividend		473	473
Sundries		20 238	14 159
		61,023	47,491
Governance Costs
Auditors Remuneration		6,002	3,200
Legal and Professional	fees	14835 20 837	3,494 6,694

9.STAFFCOSTS AND NUMBERS
	2023	2022
	f.	f
Wages	621,713	382,715
Social security	38,698	18,322
Pension costs	7,617	7386
	668,028	408,323

10.TANGIBLE FIXED ASSETS(GROUP)
	Freehold	Plant and	Computer
		inachinery	equipment	Totals
	f		f
COST
At 1 May 2022and 30April 2023	1750,000	36,311	9,104	1,795,415
DEPRECIATION
At 1 May 2022		29,048	9,104	38,152
Charge for year		7,263		7,263
At 30April 2023		36311	9 104	45,415
NET BOOKVALUE
At30April 2023	1,750,000			1,750,000
At 30April 2022	1,750,000	7363		1,757 63

11.FIXEDASSETINVESTMENTS	Pareat
	sad Group	Parent
	Listed	Unlisted	Parent
	Invcstnlclds	lnvcstnlcnts	Totals
	f	f	f
MARKET VALUE
At 1 May 2022	223,938	1,750,000	1,973,938
Additions
Revaluations Sales At 30April 2023	(23,338) 51534 149,066	I 750,000	(23,338) ~51534 ~1899066
NET BOOKVALUE At 30April 2023	149066	1750000	~1899066
At 30April 2022	223,938	1750,000	1,973,938

Cober Hill Limited
Registered officw United Kingdom
Nature ofbusiness: Residential	Conference Centre
Class ofShare:		holding
Ordinary Preference			100 100
				2023	2022
				f
Aggregate capital and reserves (Loss)/profit for the year				1,211,277 91609	1,302,886 23,155

11.FIXEDASSETINVESTMENTS -	11.FIXEDASSETINVESTMENTS -	11.FIXEDASSETINVESTMENTS -	continued	2023 I	2022 I
Turnover				1,000,531	701,589
Ccatofsales and	administrative	costs		(1,162,558)	(738,674)
Other operating	income			65,354	27,015
Remeasurement	gain in defined	benefit pension scheme		6,006	34,193
Interest payable
Net prollt				(91,609)	23,155
Retained in subsidiary				(91609	23 155
The assets and liabilities of the		subsidiary	were:
Fixed assets				1,666,626	1,673,889
Current assets				105,803	180,788
Current liabilities				(469,373)	(454,006)
Creditors: due more than one year				(81468)	(81,268)
Passion liability Total net assets				~1211,277	~1302886
Areated share	capital snd re	serves		1211,277	1,302 886

12.DEBTO	RS:AMOUNTS FALLING DUE W	ITHIN ONK YEAR
				Parent
		2023 f	2022 f	2023 I	2022f
Trade debtors		19,467	32,080
Other debtors		217	3,070	72,121	71,648
Prepayments	and accrued Income	3,629	10,325
		23,313	45,475	72,121	71,648
AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
				Parent
		2023	2022	2023	2022
			6	f	f,
Other debtors				70000	70,000
				70,000	70,000

13.CRE	DITORS: AMOUNTS FALLING	DUE WITHIN ONE YEAR
		Grou
		2023	2022	2023	2022
		f	f.	f	f
Payments	on account	269,302	305,803
Trade creditors		37,263	55,108
Taxation	and social security	55,922	24,385
Other creditors		104,765	67,062
		467,252	452,358

14.MOVEM	KNT IN FUND	S
					Net	movement
				At 1.5.22	in funds			At 30.4.23
							f	f
				as restated
Unrestricted	funds
General fund				1,700,049	(163,451)			1,536,598
Endowment	funds
Trust Endowment
TOTAL FUNDS				1,700,049	(163,451			1,536598
Net movement	in funds, included		in the above are as follows:
				Incoming	Resources		Gains and	Movement
				resources f.	expended f.		losses f	in funds 6
Unrestricted	funds
Gcneml fuad				1,020,352	1,163,780		(20,023)	(163,451)
Endowment	funds
Trust Endowmeat
TOTAL FUNDS				1,020,352	1,163,780		20023	163451
Comparatives	for movement	in	funds
					Net	movement
				At 1.5.21	in funds			At 30rL22
				f		f
				as restated
Unrestricted	funds
General fimd				1,641,151		58,898		1,700,049
Endowment	funds
Trust Endowment
TOTAL FUNDS				1641 151		58,898		1 700,049

Comparative	net movement in funds, inclu	ded in the abave are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended I	losses	in funds I
Unrestricted	funds
General fund		735,951	739,832	62,779	58,898
Endowment	funds
Trust Endowment
TOTAL FUNDS		735951	739832	62 779	58,898