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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|
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|||||||||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|
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||||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|financial performance of|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|
##
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|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|
##
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|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|
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