REGISTERED COMPANY NUMBER: 09666472 (England and Wales)
REGISTERED CHARITY NUMBER: 1167215
COBER HILL CHARrrABLE TRUST
(A COMPANY LIMrrED BY GUAIL4NTEE)
GROiJP REPORT AIYD CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Fort￿$ Limited
Busine55 Advisors and Accountants
5&6 Manor Court
Manor Garth
Sca￿Ornugh
North Yorkshire
YOI13TU

COBER HILL CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Page
Report of the Trustees
I to3
Report of the Independent Exarnincrs
CoD501idated Statement of Financial Activities
Consolidated and entity only Balance Sheet
Consolidatcd and entity only Statement of Cash Flows
Notes to the Consolidated Financial Statements
8t018

COBER HILL CtL4RITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. preseni their report with the
financial statements of the charity for the year ended 30 April 2024. The Inistees have adopted the provisions of
Accowiting a[￿ Reporting by Charities: Ststement of Recommended Practice applicable to charities prepating their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
Thc Group consists of the paren¢ Cober Hill Charitable Trusl which is a charitable trust and its l 00% subsidiary, Cobcr
Hill Limited, which operates as a conference centre pimarily for voluntary charitsble and religio￿ organisations, to
enable the charity to fijlfill its objcctives.
OBJECTIVES AND ACTIVITIES
Objectives aims
The objects of the charity are..
(a) To provide or assist in the provision of facilities in thc interests of social welfare for recreation or oiher leisure time
occupation of individuals who havc need of such facilities by rcason of their youth, age, infinnity or disability, financial
hardship OT social circumstances with the objecl of improving their conditions of life.
(b) To advance education and health for the publi¢ benefit especially among those who have n¢¢d by reason of their youtlL
age. inf1rn1ity or disability. poverty or social or economic circumstances by the provision of funds to provide new OT
improved facilities fr>r leaming andlor healthy recreation at Cober Hill Conference Centre in Cloughton SCa￿Orough
or such $¢hools, colleges. universities, or other recognised pla￿ of learning or training or place5 which provide facilities
for healthy recreation,
Publlc benefit
The group has made grants for the provision of accomodation and facilities, and financial support, to enable ¢haritable,
volunlary, relI￿ouS and school groups to visit Cober Hill for learning and healthy recreation. The trustees have had regard
to the ChaTity Cotnmission guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
The Charity, through the use of Cober Hill Limited, has fulfilled its charitable objectives. Cober Hill Limited bad another
difficult financial year. Desplte reduced costs there have also been reduced visitor nunibers resulting in a loss for the year.
Future plan8
Emphasis is being placed to restore Cober Hill Limited to a sustainable financial position through marketing to Core
groups which visit Cober and close Gonlrol of expenditure.
FINANCIAL REVIEW
Financial position
Nct cxpenditure for the yeaT was £53,354 (2023: £163,451). tncome has fallen but at the same time costs have been better
rnanagcd n￿alling a srnallcr loss has been made. The trustees are continuously working to improve the situation.
Reserves policy
The group Currently has no frcc reserves. The group held total fiujds at 30 April 2024 of £1.483,244 (2023: £1,536,598)
which includes freehold property held in Cober Hill Limitd valued at £1,750,000.
STRUCTURE GOVERNAN
Governing document
The charity is controlled by its governing documenL a deed of ¢rust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006,
Trustee5
Trustees consist of individuals with a close knowledge of Cober Hill Limitd. New trustees are appointed by the existing
tTuslees based on their knowledge of the individuals interes¢ An Cober Hill Limited, 3 of the trustees are either a ￿￿ent or
past Director of the Company. A support system, including irnining when felt appropriate, is put in place for new trustees
together with a tour of Cober Hill.
Page I
E AND MANAGEME

COBER HILL CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2024
Management
Tb¢ trustees and directors of Cober Hill Limtted are responsible for strategy. oversight of assets, deternlination of key
policies and major financial decisions. Day to day management of Cober Hill Limited is delegated to the General
Manager, Paula Coknan and Deputy Manager. David SO￿￿[s.
Risks
The principle risk faced by the Trust is the fiancial position of its subsidiary Cober Hill Limited. The risk is tllanaged by
close oversight of the Company. two of the Tjuslees arc Dircctors of the Company.
REFERENCE AND ADMINISTRATIVE DETAILS
ReElSt¢red Company number
09666472 (England and Wales)
ReEiStered Charity number
1167215
Registered O￿lre
Cober Hill
Cloughton
Scarborough
North Yorkshire
Y013 OAR
REFERENCE AND ADMINISTRA TIVE DETAILS
Prin¢lpal addre5S
Cober Hill Limited
Cober Hill
Cloughton
Scarknrough
North Yorkshire
Y013 OAR
Trustees directors
J N Naish {resigned May 2023)
E Rhod￿ (appointed May 2023)
K M Bailey
J C Dennis
J Martin
M W Sturge
Independent Examine
Frances Howard FCA
Fortus Limited
Business Advisors and Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YOI13TU
Page 2

COBER HILL CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR EIYDED 30 APRIL 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trn5tees (who are &lso the directors of Cober Hill Charitable Tn]st frir the purposes of company law) are responsible
for preparing the Report of the Trustees and the financial ststements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted A¢¢ounting Practice).
Company law requires the tn￿te¢S to prepare financial statements for each financial year which give a tn]e fair view
of the state of affairs of the charitable company and the group and of the in¢oming Tesources and application of TesouTces.
including the income and expenditure, of the charitable group foi that period. In preparing those financial statementy the
lrnstees are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SOR￿ (FRS 102).
make judgements and estimates that are reasonable and prndent.
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and
explained in the financial statements.
prepare th¢ financial statements on the going concern basis unless it is inappropriate to presume that the charitable
company will continue in b￿lneSS.
The In￿teeS are responsible foT keeping prO￿r a¢¢ovnting re¢or(ts which dis¢lose NNith Teasonable accwacy at any time
the financial position of the Charitable company and to enable them to ensure that the financial statements comply WAth the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other itr¢gularities.
The tsvstees ar¢ responsible for the maintenance and inte￿Ity of the corporate artd financial Inf£￿tiOn included on th¢
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
ststements may differ from legislation in other jurisdictions.
INDEPENDENT EXAMINE
The Independent Exatniner Frances Howard at Fortus Limiled will be proposed for re-appointment at the forthcoming
Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to
Sn￿11 companies.
Approvd by order of the board of trustees on 22 January 2025 and sigmed on its behalf by..
04aa(
M W Sturge - Trustee
Page 3

INDEPENDEINT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2024
COBER HILL CHARIT ABLE TRUST
I re￿rt to the chuity trustees on my examination of th¢ consolidated accounts of the Group comprising Cober Hill
Charitable Trust ('the Charity,) and it's subsidiary undertaking for the year ended 30 April 2024.
RespOn￿bIlItieS and b&$ls ofreport
As the charity trnstees of the company (and also its directors for the puTposes of ci)mpany law) you aTe responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,) and you
hav¢ chosen to prepare consolidated a¢¢ounts for the group. You are satisfied that the accounts of both the Charity and the
group not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of tlly examination of the consolidated accounts. I have carried out my examination under section 145
of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the
Charity Commission under section 145(5)0)) of the 2011 Act.
independent examination does not involve gathering all the eviden¢¢ that would be required in an audit and
Consequently does not cover all the rnatters that an auditor wnsiders in giving their opinion on the accounts. The planning
and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I
express no opinion as to whether the consolidaled accounts present a 'true and fair. view and my report is limited to those
specific matters set out in the independeni examiner's statement.
Independent ex#miner'$ statement
Since the Charitys gross in¢otne exceeded £250,000 your examiner rnust be a member of a body listed in section 145 of
the 2011 Act. I confirn) that I am qualified lo undertake ihe examination because l am a member of the tnstitute of
Chartered Ac¢ountaDts in England and Wales which is one of the listed bodies.
I have completed my examination. I confirn] that no mat¢ers have come to my attention in Connection with the examination
giving me cause to believe that in any material ￿speCt.
accounting records, with respect to the Charity and its subsidary, were not kept &% required by section 386 of the 2006
2. the accounts do not accord with those recoTds' or
3. the a¢¢ounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any
requirement that the arxounts give a ,tn￿ and fair view. which is not a matter considered as part of an independent
examination. or
4. the accounts have not been prepared ill accordance with the methods and prin¢iples of the Statement of Recommended
Practice for accounting and reporting by charities applicable to charities preparing their account5 in a¢¢ordance with the
Financial ReEx)rting Standard applicable in the UK and Republic of Treland (FRS 102).
I confirni that theTe are no other matters to which your attention thouid be drawn to enable a proper understanding of the
accou
to be reached.
s Howard FCA
Fortus Limited
Busin&ss Advisors and Accountanls
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YOI13TU
22 January 2025
Page 4

COBER HILL CHARITABLE TRUST
CONSOLIDATED STA TEMENT OF FINANCIAL ACTIVITIES
(INCLUDING CONSOLIDATED INCOME AND ExPEND￿URE ACCOUNT)
FOR THE YEAR ENDED 30 APRIL 2024
2024
Totsl
Fund5
2023
Total
Funds
Unrestricted Endowrnent
Fund
Fund
Notes
INCOME AND ENDOWMENT FROM
Donalions and legacies
1,077
1,077
1,300
Charitible a¢tlvltles
Hotel booking fees
958.932
958.932
1,013,230
Investment tncome
2,979
2,979
5,822
Total Income
962,988
962.988
1,020,352
EXPENDITURE ON
Raising funds
MaDagement costs
1,043
1,043
217
Chxritsble 2ctAvities
Activities Costs
Support Costs
Governance Cost
936,704
71,457
11,160
936,704
71,457
11,160
1,081,640
61,023
20,837
Other
79
79
63
Total Expenditure
1.020,443
1.020,443
1.163,780
Remeasurement gain in defined benefit pension scheme
6.087
6,087
6.006
Net (losses) on investments
1.986
11986)
26.029)
NET (EXPENDrfuRE)FOR THE YEAR
NET MOVEMENT IN FUNDS
(53,354)
(53,354) (163,451)
RECONCILIATIOIY OF FUNDS
Total funds brought forTrYard
1,536,598
1,536,598
1,700,049
TOTAL FUNDS CARRIED FORWARD
1.483,244
1,483.244
1.536,598
The Statement of financial activities includes all wains and losses recognised in th¢ year.
All Income and expenditure derive from continuing activities
Page 5

COBER HILL CHARITABLE TRUST
CONSOLIDATED BALANCE SHEET
FOR THE YEAR ENDED 30 APRIL 2024
Group
2024
Group
2023
Parent
2024
Parent
2023
Note
FIXED ASSETS
Tangible assets
Investments
Total
io
1,750,000
1.750,000
149,066
1,899.066
1.750,000
1,750,000
1.899,066
1,899.066
1,750.000
CURRENT ASSETS
Stocks
Debto
Cash at bank and in hand
Total
9,641
19.288
152,020
180.949
13,561
23,313
78,421
115,295
12
219.105
12,523
231,628
72.121
9,492
81.613
CREDrroiis
Amounts falling due within one year
13
431,042
467.252
NET CURRENT ASSETSI(LIABJLITIES)
250,093
{351.957
231,628
81.613
TOTAL ASSETS LESS CURRENf LIABILITIES
1,499,907
1,547,109
1,981.628
1,980,679
CREDITORS
Amounts falling due after more than one year
l4
(12,236)
PENSION LIABILITY
(4.427)
(10,511)
NET ASSETS
1,483.244
1,536.598
1,981,628
1,980.679
FUNDS
Unreslricted funds
Endowment fiu)ds'.
Fair Value filnds
1,483,244
1.536,598
231,628
230,679
1,750.000
1,750,000
TOTAL FUNDS
15
1,483244
1,536.598
1,981,628
1,980,679
For the year ending 30 April 2024 the ¢ompany was entitled to exemption from audit under section 477 of the Compalnes
Act 2006 relating to smaller companies.
Dir¢ctors'responsibilities:
The members have not required the company tr) obtain aTJ audit of its a¢¢ount8 for the year in question in accordance
with section 476.
The directors acknowledge tbeir responsibilities for complying with th¢ requirements of the Ath *￿th respect to
accowiling records and the preparation of accounts.
The fmancial ststeinents were approved by the Board of Trustees on 22 January 2025 and were signed on its behalf by:
rL4iabrfl
M W Sturge -Trnstee
Page 6

COBER HILL CHARITABLE TRUST
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR EIYDED 30 APRIL 2024
Group
2024
Group
2023
Parent
2024
Parent
2023
Notes
Cash nows from operating actlvities
Cash generated from operations
(48,496) (178,126) (149,014)
(78,137)
Cash flows from investing activlties
Purchase fixed asset investments
Lossl(gain) on fixcd assel investments- Revaluation
Lossl(gain) on fixed ass¢¢ investments- Disposal
Interest received
Dividends received
Net ¢A$h provided by (used In) investing a¢tlvitie5
{73)
1,986
147.153
(73)
1,986
147.153
23,338
51.534
23,338
51,534
2.973
152,045
5.821
80,694
2.973
152,045
5,821
80.694
Cash Ilows from finanelng Activities
Repayment of bank loans
(Repayment)Ireceipt of other bo￿OW]ng5
Net cash provided by (used in) financing aetfvltkes
(9,950)
120.000
29.950)
(9,706)
60,000
50,294
Change in cash and cash cquivalents in the reporting
period
73,599
(47,138)
3,031
2,557
Cash and cash equivalents al the beginning of the reporting
period
78.421
125.559
9.492
6.935
Cash and cash equivalents &t end of year
152,020
78,421
12,523
9,492
I. RECONCILIATION OF NET INcOME/(ExPEND￿uRE) TO NET CASH FLOW FROM OPERATING
ACTIVITES
Group
2024
Group
2023
Parent
2024
Parent
2023
Net Incomel(expenditure) for the reportlng period (as per the
statemeDt of fjnAneial aetivldes)
Depreciation
(53,354) (163,451)
7,263
(53,354) {156,188)
949
(71,842)
949
(71,842)
Dividends ￿Ctived
Interest received
(Increase)Ide¢r¢ase in stocks
On¢reos¢)Id¢crease in debtors
Increasel(decrease) in creditors
(2,973)
(6)
3,920
4,025
(108)
{5,821)
(i)
3,128
22,162
(41,406)
{2,973)
{6)
(5,821)
(i}
{146,984)
(473)
Cash generated from operAtlons
48.496
178.126
149,014
78,137
Page 7

COBER HILL CHARITABLE TRUST
NOTES TO THE FINAIYCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
I. STATUTORY INFORMATION
Cober Hill Charitable Trust is a private company limited by guarantee, registered in England and Wales. The companys
registration number, charity number and registered otTice address can be found on the Report of the Trustees.
2. ACCOUNTJNG POLICIES
Basis of preparing the flnaneial statements
The financial statemenls of the charitable group, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Clwities SORP (FRS 102) 'A¢¢ounting and Reporting by Charities: Statement of Rec0Mn￿llded
Practice applicable lo charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in
the UK arld Republic of Ireland (FRS 102) {effective l January 2019),, Financial Reporting Standard 102 'The Financial
Reporting Siandard applicable in the UK and Republic of Ireland, aud the Companies Act 2006. The financial statements
bave been prepared under the historical cost convention with the exception of investn)ents which are included at market
value, as modified by the revaluation of certain assets.
Group fin¥n¢ial statements
These financial statements consolidate the results of the charity and its wholly owned subsidiary Cober Hill Limited. A
separate Statement of Financial Activities and Income and Expenditure account for the Charity has not been pTrsenled
be¢au8e the tNst has taken the advantage of the exemption afforded by Se¢tion 408 of the Companies Act 2006.
Coing Concern
The financial statements have been prepared on a going concern basis as the INstees consider that no Material
uncertainlies exist. The trustees have ¢tsnsAdered the level of funds held and the expected I￿¢1 of income and expenditure
for the 12 months from authorising these stalements. The budgeted income and expenditure is sufficient with the level of
reserves for the charity Éo be able to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is
probable Ihat the incorne be received and the amount can be measured reliably.
Investhjent income is earned through bolding assets for investment pU￿oseS such as shares. Where it is not prncticable io
identify investment mhnagement Costs incurred within a scheme with reasonable ac¢uracy the investment in¢ome is
ported net of these costs. It is included when the amount can be measured reliably. Dividend income is recognised as the
Charity's right to Trceive payment is established. Hotel and food and beverage revem]e is recognised when the rooms are
oc¢llpied and tht services are perfonned. Deferred revenue consistillg of deposits paid in advance ts ttcognised as revenu¢
when the services are perfornied.
Expendlture
Liabililies are recognised as expenditure as soon as there is a legal or CODStructive obligation wnllnitting ihe ¢harity to
that expendilure, it As probable that a transfer of e¢onomic benefjts will be required in settlement and the amount of the
obligalioll ¢an be measured reliably. Expendittwe is ac¢ounted for on an acen￿lS basis and has been Classified wider
beadings that aggregate all cost related to the category.
Grants offered subject to conditions which have not been met at the year end date are noted as a con]rnitment but not
accrued as expenditure.
Page 8

COBER HILL CHAIUTABLE TRUST
NOTES TO THE FINANCIAL sTATEmE￿S- continued
FOR THE YEAR ENDED 30 APRIL 2024
2. ACCOUNTING POLICIES - continued
TAnEible fixed assets
Depreciation is provided at the ftlllowing annual rates in order to Mryite off each asset over its estimat¢d useful life.
Freehold Property - not provided
Plant and macbinery- 2￿/0 on cost
Computer equipnM]t- 33 /0 on cost
In the opinion of the trustees. the useful life of firehold buildings is so long that it cannot be Teliably estimated and any
depreciation would be imTnatcrial. The propety has becn reviewed for impairnwit and the ITU8teees consider the value
included in the financial statemenls to remain appropriate.
Fixed asset additions that cost more than £5,000 per asset are ¢apita]ised and depr¢ciate(L oth¢r additions are WTitten off
on a(4uisition,
Stocks
Stocks are valued at the lower of cost and net Tealisable value, after making due allowance for obsolete and slow moving
items.
Subsldlary
The charity bas one wholly-owned trading subsidiary, Cober Hill Limited (company number 00165093) incorporated in
England. This company is a conference celltre which specialises in visits for groups and schools, its revenu¢ is generated
from the hiring out of rooms and food and beverage sales. The company is obliged under its cOnSti￿tion to apply its
profits towards the promotions and cany out of the objethives of Cober Hill Cliaritable TnL8t. A SUr￿)￿Y of the trading
results is sllown in note I l of these a¢counts. These financial statements consolidate the results of tbe Charitable Trnst and
Cober Hill Limited.
Fund aceounthig
UnTestricted funds be used in accordance Mrytb the charitable objectives ai th¢ discretion of the trustees.
Restrictcd funds can only be used for particular rcstrictrd purposes within Ihe objects of the charity. Restrictions arise
when specified by the donor or when fiwds arc raised for particulaT restrictcd purposes.
EndowmeDt fimds arc subject to spcbific conditions by donoTS that the capitsl must be maintained by the charity.
Further explanation of the nature and purpose Of each fiind is included in the not(s to the financial ststernents.
Investments
Listd investments are valued at their njarket valu¢ at the balance sheet date and any changes in their fair value between
the previous year end or acquisition, as applicable are recognised in profit and loss. The investment by the parent c(mipany
in the shares of ihe subsidiary company has been measured at fair value.
Debtors and Creditors reeelvable I payable
Debtors and creditors with no stated interest rdte and receivable or payable wlthin one year are recorded at transaction
price. Any losses arising from impairnient are recognised in the profit and loss account in other administrative expenses.
Page 9

COBER HILL CHARfTABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 APRIL 2024
2. ACCOUNTING POLICIES - continued
Pension costs and other post-retlrement benellts
The Company contributes to the Pensions Tru￿ Growth Plan Scheme at rates set by the Scheme Actuary and as advised to
the Company by the Scheme AdministtatOT. This is a multi*mployer scheme which provides benefits to some 1.300 non-
associated participating employers. The scheme is a defined benefit sch¢nLe in the UK. It is not possible for the company
to obtain sufficient inforn￿ll0ll to enable it to account for the s¢h¢me as a defined benefit scheme. Therefore it aCcO￿ts
for the scheme as a defmed contribution scheme.
The scheme is subject to the fimding legislation outlined in the Pensions Act 2004 which carne into force on 30 December
2005. This, together with docurnents issued by the Pensions Regulator and Technical Actuarial Standards issued by the
Financial ReFM)rting Coun¢iE, set out the framework for fi￿dIng defmed benefit occupational pension schemes in the U
The s¢h¢me is classified as a 'last-man standing arrnngem¢nt'. Therefore the company is potentially liable for other
participating employers, obligations if those employers are unable to meet their shaTe of the scbeme deficit following
withdrawal fron) the s¢heme. Participating employers are legally requir￿ to meet their share of the scheme deficit on an
annuity purchase basis on Mrythdrawal from the scheme.
Taxation
The charity is exempt from tax on incorne and gains falling within section 505 of the Taxes Act 1988 or section 252 of the
Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
3. LEGAL STATUS OF THE TRUST
The Trust is a company limited by guarantee and has no share capital. In the event of the Charity being wound up, any
propety which renmins after the debts and liabilities have been satisfied may not be paid to or distributed to the membe
but musl b¢ given to some other institution or institutions wilh similar objects which is or are charitable.
4. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES
Unrestri¢ted Endowment
fund
Total
fi￿d$
INCOME AND ENDOWMENTS FROM
Donations and legacies
1.300
1,3
Charitable #ctivltjes
Hotel b￿kIng fees
1,013,230
1,013,230
Investrn¢nt Income
5,822
5,822
Total
1,020,352
1,020,352
Page 10

COBER HILL CIL4RIT ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continu¢d
FOR THE YEAR EIYDED 30 APRIL 2024
4. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVTTIES- contlnued
Unrestricted Endownkent
fimd
Total
funds
EXPENDITURE ON
Raising funds
Investment management costs
Charitable actlvities
Activities Costs
Support Costs
Governance Costs
Other
217
217
1.081.640
61,023
20.837
63
1.081,640
61,023
20,837
63
Totsl
1,163,780
1,163,780
Net ¥8in$lOosses) on Investments
Investments
Pension
(26,029)
6.006
(26.029}
6,006
NET INCOMEI(EXPENDITURE)
(163,451)
(163,451)
RECONCILIATION OF FUNDS
TotaR funds brought forTrv8rd
1.700,049
1.700.049
TOTAL FUNDS CARRIED FORWARD
1.536.598
1.536,598
5. FINANCIAL PERFORMANCE OF THE CHARITY
The ¢onsolidat¢d statement of finan¢Aal activities includes the results of the charitgs wholly oThmed subsidiary.
2024
The sUmn￿ry financial perforn]ance of the charity alone is:
2023
Net (deficitysurplus
949
(71,842)
6. INVESTMENT INCOIIffj
GTOU
Parent
2024
2023
2024
2023
Dividends
Bank Interest
2,973
5,821
2,973
5,821
2.979
5.822
2,979
5.822
7. INVESTMENT MANAGEMENT COSTS
Portfolio management
1.043
217
1.043
217
1.043
217
1,043
217
Pagell

COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - eontlnued
FOR THE YEAR ENDED 30 APRIL 2024
8. COBER HILL LtMtrED COSTS
2024
2023
ActAvies Costs
Staff Costs
Food Purchases
Marketing
Repairs and Renewals
Gardening
Housekeeping Expenses
Building Utilities
Course Expenses and Guest Entertainment
Motor Expenses
Staff Training
Bank charges and other fees
Licences and subscriptions
Depreciation
Exceptional item- Redundancy
540,663
125,406
5,234
44,713
33,681
30,536
114,640
16,155
73
90
16,200
9,313
639.958
138,812
8,501
54,252
30.057
26,460
104.084
17,307
903
7.391
11,673
7,263
28,070
1.081.640
936,704
Support Costs
Bookkeeping
Insurance
Telephone
Postage and Stationery
Bank Interest
Preference Dividend
Sundries
14,098
17,081
10.ioo
2.240
699
473
26,766
71,457
19,863
9,665
7,145
2,697
942
473
20.238
61,023
Covernance Costs
Audilors Remunerdtion
Independent Examiner Remuneration
Legal and Professional fees
6,002
1.750
9,410
11,160
14,835
20.837
Page 12

COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR EIYDED 30 APRIL 2024
9. STAFF COSTS AND NUMBERS
Grou
2024
2023
Wages
So¢ial security
Pension costs
Redundancy/settlement costs
495,882
35,575
9.206
557,101
38.698
7.617
64,612
668.028
540,663
Redundoncy/settlement costs in 2023 include HR advice Costs.
Trustees, e￿enSeS
There wcre no trustees, cxpenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Staff costs
No employees received emoluments in excess of £60,000. {2023: nil)
The TnLSt has no employees and tbere are no key management personnel.
There were no trnstees, remuneration OT oiher benefits for the year ended 30 April 2024 nor for the year ended 30 April
2023.
Av¢rnge number of cmployees
The average number of employees at Cober Hill Limited during the year was 27 (2023 - 31).
10. TANGIBLE FIXED ASSETS (CROUP)
Freehold
property
Plani and
tnachinery
Computer
equipment
Totals
COST
At L May 2023 and 30 April 2024
1,750,000
36,311
1,795,415
DEPRECIATION
At l May 2023
36.311
9,104
45,415
At 30 April 2024
36.311
9,104
45,415
NET BOOK VALUE
At 30 April 2024
1.750,0(XI
1,750,000
At 30 April 2023
1.750,000
1.750.000
The parent company holds no tangible fixed assets.
Page 13

COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024
I I. FJXED ASSET INVESTMENTS
Parent
and Group
Pa￿ftt
Listed
Unlisted
investments investrllenls
Parent
Totals
MARKET VALUE
At l May 2023
Additions
Na (lossesygains on investrnents
Disposal proceeds
At 30 April 2024
149,066
73
(1,986)
147,153)
1.750,000
1,899.066
73
(1,986}
(147.153
1,750,000
1,750,000
NET BOOK VALUE
At 30 April 2024
1.750,000
1,750.(KK)
At 30 April 2023
149,066
1.750,000
1,899,066
There were no investment assets held outside of the UK.
The listed investments were held in portfolios with James Sharpe & Co. and Fidelity International.
The uniistrd investsnents of the parent company are shares held ID the subsidiary Cober Hill Limited.
The parcnt's investmcnt at the balance sheet date in the sbare capital of Cober Hill Limited is as follows
Cober Hill Limited
Regislered office: United Kingdom
Nature of business.. Residential Conference Centre
Class of Shar¢..
Ordinary
Preference
holding
loo
loo
2024
2023
Aggregate capitsl and reserves
(Loss)Iprofit for the year
1,240,349
(54,302)
1.294,651
{91.609
The investment io the shares of Cober Hill Limited is stated at fair value based on the balance sheet of Cober Hill Limited
as at 30 April 2017. The trustees are of the opinlon that the fair value has not changed significantly since acquisition.
Page 14

COBER HILL CIL4RITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 30 APRIL 2024
11. FIXED ASSET INVESTMENTS - continued
2024
2023
Turnover
Cosl of sale5 and administrative costs
Other operating income
Remeasurement gain in defined benefit pension scheme
Interest payable
Net loss
927,817
l.(K)0,531
(1.018,622) {1,162,558)
31,115
65.354
6,087
1699
(54,302)
(942
{91,609)
Retained in subsidiary
(54,302
(91,609)
The assets and liabilities of tbe subsidiary were:
Fixed &88ets
Current assets
CwTent liabililies
Creditors: due more than one year
Pension liability
Totsl net assets
1.666,626
1,666,626
168.430
105,803
(446,793) {469,373)
(226,861)
(81,268)
14.427
10,511
1,156.975
1,2Jl,277
Aggregated share capital and reserves
1,156,975
1211277
12. DEBTORS
Grou
Parent
2024
2023
2024
2023
Trade debtors
Other debtors
Amounts due from subsidiary company
Prepayments and accrued income
18,315
73
19.467
217
219,105
72,121
900
3.629
19,288
23,313
219,105
72,121
Included in amounts due from subsidiary company above are anK)unts of £219,105 (2023.. £70.000) due after nlore than
one yrar for the parent company. No group debtors are due after more than oll¢ year in either year.
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Grou
Parent
2024
2023
2024
2023
Bank loan5
Payments on account
Trade creditors
Taxation and social security
Other crcditOTS
10,202
293,164
27,171
51.127
49.378
32,388
269,302
37.263
55,922
72,377
431,042
467,252
Page 15

COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR EIWED 30 APRIL 2024
14. CREDITORS: AMoiiNfs FALLING DUE AFTER MORE THAN OIW4E YEAR
Grou
Parent
2024
2023
2024
2023
Bank loans
12236
12,236
The bank loan is a HSBC bounce back loan which is repayable by instalm¢nt5 over a maximum of 5 y¢ars.
15. MOVEMENT IN FUNDS
Net movement
in funds
At 1.5.23
At 30.4.24
Unrestricted funds
General ￿nd
1,536,598
(53,354)
1,483,244
Endowment funds
Trust Endowment
TOTAL FUNDS
1,536,598
(53,354)
1.483,244
Net movement in fund8, included in the abov¢ are as follows:
Gains and
losses
Movement
in fi￿dS
Income
Expenditure
Unrestricted funds
Genernl fund
962,988
1,020,443
4,101
(53,354)
Endowmcnl funds
Tn￿t Endowment
TOTAL Fi]NDS
962,988
1,020,443
4,101
(53,354)
The Charity's endownent is the trading subsidiary (cob￿ Hill Limited) Mthich cannot be disposed of without the
pemiission of the Joseph Rowntree Charitable Trust and the Joseph RoNM]tre¢ Foundation. Cober Hill Limited cannot
dispose of the property without the perniission of the Joseph RoHntre¢ Charitable Tn￿t and the Joseph Rowntree
Foundation.
Page 16

COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued
FOR THE YEAR ENDED 30 APRIL 2024
15. MOVEMENT IN FUNDS - eonthiued
Comparatives for movement in funds
Net movement
At 1.5.22
At 30.4.23
Unrestrleted fund5
General fimd
1.700,049
(163,451)
1.536,598
Endoivment funds
Trusi Endowment
TOTAL FUF4DS
1,700.049
(163,451)
1,536,598
Comparative net movement in funds, included in the above are as follows:
Gains and
losses
Movement
in fimds
Incorne
Expenditure
Unrestrieted funds
General fund
1,020,352
1,163,780
(20,023) (163,451)
Endowmeut funds
Trust Endowment
TOTAL FUNDS
1,020,352
1,163,780
20,0231
(163,451)
16. PENSION COMMITMENTS
The subsidiary contributes to the Pcnsions Trust Growth Plan Scheme at rates set by the Scheme Actuary and as advised
to the subsidiary by the Scheme Administrntor. The scheme is a multi-employer pension scheme and il is not possible to
identify Ihe assets and liabilities of the scheme which are attributable to the subsidiary.
The pension liability on the balance shect IS the net preSL￿t value of the scheme deficit reduction contributioLs that the
subsidiary has agreed to pay over several years.
Th¢ cost of funding Gu￿ent service pensions is recognised in the subsidiary profit and loss account within administrative
expenses.
17. FINANCIAL JNSTRUMENTS
Group
Parent
2024
2023
2024
2023
Financial a55ets that are debt instruments
measured at amortised cost:
Cash and bank
Debiors ￿0te I l)
Financial liabilitics measured at gmortised cost:
Creditors: due within one yeaT (Nofr 12)
152.020
19288
78,421
23,313
12.523
219,105
9,492
72,L21
446.793
467,252
Page 17

COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 30 APRIL 2024
I& ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund balance ai 30 April 2024 are represented by:
Unrestricted EndoHrynent
funds
funds
Total
2024
Grnup
Fixed assets
c￿￿ent assets
Creditors: amounts falling due in less than one year
Pcnsion liability
1,750,000
180,949
{443.278)
(4,427)
1.750,000
180,949
(443,278)
(4.427)
Total net assets
1,483,244
1.483,244
Charity
Fixed assets
Current assets
Credito￿. amounts falling due in less than one year
1,750,0(XI
1,750.000
231.628
231,628
Totsl net assets
231,628
1,750,000
,981,628
Fund balance at 30 April 2023 a￿ represented by..
Unrestricted Endowment
fimds
funds
Total
2023
Croup
Fixed asseis
Current assets
Creditors: avnounts falling due in less than one year
Pension liability
1,899,066
115,295
(467,252)
{10.511)
1,899,066
115295
(467,252)
(10.511)
Total nct assets
1.536,598
1,536.598
Charity
Fixed assets
Current assets
Creditors: amounts falling due ill less than one year
149,066
81.613
1.750,000
1,899.066
81,613
Total net assets
230,679
1,750.000
1.980,679
19. RELATED PAR TY TRANSACTIONS
Included in other creditors is £40k (2023: £60k) in loans due to trus¢es. These are interest free and repayable on demand.
Page 18