REGISTERED COMPANY NUMBER: 09666472 (England and Wales) REGISTERED CHARITY NUMBER: 1167215
COBER HILL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE)
GROUP REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Fortus Limited Business Advisors and Accountants 5&6 Manor Court Manor Garth Scarborough North Yorkshire YO11 3TU
COBER HILL CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Report of the Independent Examiners | 4 |
| Consolidated Statement of Financial Activities | 5 |
| Consolidated and entity only Balance Sheet | 6 |
| Consolidated and entity only Statement of Cash Flows | 7 |
| Notes to the Consolidated Financial Statements | 8 to 18 |
COBER HILL CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Group consists of the parent, Cober Hill Charitable Trust, which is a charitable trust and its 100% subsidiary, Cober Hill Limited, which operates as a conference centre primarily for voluntary charitable and religious organisations, to enable the charity to fulfill its objectives.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
(a) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
(b) To advance education and health for the public benefit especially among those who have need by reason of their youth, age, infirmity or disability, poverty or social or economic circumstances by the provision of funds to provide new or improved facilities for learning and/or healthy recreation at Cober Hill Conference Centre in Cloughton near Scarborough or such schools, colleges, universities, or other recognised place of learning or training or places which provide facilities for healthy recreation.
Public benefit
The group has made grants for the provision of accomodation and facilities, and financial support, to enable charitable, voluntary, religious and school groups to visit Cober Hill for learning and healthy recreation. The trustees have had regard to the Charity Commission guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
The charity, through the use of Cober Hill Limited, has fulfilled its charitable objectives. Cober Hill Limited had another difficult financial year. Despite reduced costs there have also been reduced visitor numbers resulting in a loss for the year.
Future plans
Emphasis is being placed to restore Cober Hill Limited to a sustainable financial position through marketing to core groups which visit Cober and close control of expenditure.
FINANCIAL REVIEW
Financial position
Net expenditure for the year was £41,337 (2024: £53,354). Income has fallen but at the same time costs have been better managed meaning a smaller loss has been made. The trustees are continuously working to improve the situation.
Reserves policy
The group currently has no free reserves. The group held total funds at 30 April 2025 of £1,441,907 (2024: £1,483,244) which includes freehold property held in Cober Hill Limited valued at £1,743,200 .
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
COBER HILL CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
Trustees
Trustees consist of individuals with a close knowledge of Cober Hill Limited. New trustees are appointed by the existing trustees based on their knowledge of the individuals interest in Cober Hill Limited, 3 of the trustees are either a current or past Director of the Company. A support system, including training when felt appropriate, is put in place for new trustees together with a tour of Cober Hill.
Management The trustees and directors of Cober Hill Limited are responsible for strategy, oversight of assets, determination of key policies and major financial decisions. Day to day management of Cober Hill Limited is delegated to the Manager David Somers.
Risks
The principle risk faced by the Trust is the fiancial position of its subsidiary Cober Hill Limited. The risk is managed by close oversight of the Company, two of the Trustees are Directors of the Company.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 09666472 (England and Wales) Registered Charity number 1167215
Registered office
Cober Hill Cloughton Scarborough, North Yorkshire YO13 0AR
Principal address
Cober Hill Limited Cober Hill Cloughton Scarborough, North Yorkshire YO13 0AR
Trustees and directors
E Rhodes
K M Bailey J C Dennis J Martin M W Sturge
Independent Examiners
Frances Howard BFP FCA Fortus Limited Business Advisors and Accountants 5&6 Manor Court Manor Garth Scarborough, North Yorkshire YO11 3TU
Page 2
COBER HILL CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Cober Hill Charitable Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with 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 irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 18 December 2025 and signed on its behalf by:
M W Sturge - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2025 COBER HILL CHARITABLE TRUST
I report to the charity trustees on my examination of the consolidated accounts of the Group comprising Cober Hill Charitable Trust ('the Charity') and it's subsidiary undertaking for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’) and you have chosen to prepare consolidated accounts for the group. You are satisfied that the accounts of both the Charity and the group are not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my 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)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers 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 consolidated accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records, with respect to the Charity and its subsidary, were not kept as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Frances Howard BFP FCA Fortus Limited Business Advisors and Accountants 5&6 Manor Court Manor Garth Scarborough North Yorkshire YO11 3TU 18 December 2025
Page 4
COBER HILL CHARITABLE TRUST
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025
| Notes INCOME AND ENDOWMENT FROM Donations and legacies Charitable activities Hotel booking fees Other income Investment Income 6 Total Income EXPENDITURE ON Raising funds Management costs 7 Charitable activities Activities Costs 8 Support Costs 8 Governance Cost 8 Other Total Expenditure Remeasurement gain in defined benefit pension scheme Net (losses) on investments NET (EXPENDITURE)FOR THE YEAR NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 2024 Unrestricted Endowment Total Total Fund Fund Funds Funds £ £ £ £ 1,364 - 1,364 1,077 957,090 - 957,090 958,932 23,240 - 23,240 - 6 - 6 2,979 |
|---|---|
| 981,700 - 981,700 962,988 |
|
| - - - 1,043 938,843 - 938,843 936,704 70,084 - 70,084 71,457 1,650 - 1,650 11,160 4,822 - 4,822 79 |
|
| 1,015,399 - 1,015,399 1,020,443 |
|
| (7,638) - (7,638) 6,087 - - - (1,986) |
|
| (41,337) - (41,337) (53,354) 1,483,244 - 1,483,244 1,536,598 |
|
| 1,441,907 - 1,441,907 1,483,244 |
The Statement of financial activities includes all gains and losses recognised in the year. All Income and expenditure derive from continuing activities.
Page 5
COBER HILL CHARITABLE TRUST
CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 30 APRIL 2025
| Group | Group | Parent | Parent | ||
|---|---|---|---|---|---|
| Note | 2025 | 2024 | 2025 | 2024 | |
| £ | £ | £ | £ | ||
| FIXED ASSETS | |||||
| Tangible assets | 10 | 1,743,200 | 1,750,000 | - | - |
| Investments | 11 | - | - | 1,750,000 | 1,750,000 |
| Total | 1,743,200 | 1,750,000 | 1,750,000 | 1,750,000 | |
| CURRENT ASSETS | |||||
| Stocks | 11,375 | 9,641 | - | - | |
| Debtors | 12 | 11,232 | 19,288 | 227,704 | 219,105 |
| Cash at bank and in hand | 80,114 | 152,020 | 2,945 | 12,523 | |
| Total | 102,721 | 180,949 | 230,649 | 231,628 | |
| CREDITORS | |||||
| Amounts falling due within one year | 13 | 390,362 | 431,042 | 2,000 | - |
| NET CURRENT ASSETS/(LIABILITIES) | (287,641) | (250,093) | 228,649 | 231,628 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,455,559 | 1,499,907 | 1,978,649 | 1,981,628 | |
| CREDITORS | |||||
| Amounts falling due after more than one year | 14 | (1,587) | (12,236) | - | - |
| PENSION LIABILITY | (12,065) | (4,427) | - | - | |
| NET ASSETS | 1,441,907 | 1,483,244 | 1,978,649 | 1,981,628 | |
| FUNDS | |||||
| Unrestricted funds | 1,441,907 | 1,483,244 | 228,649 | 231,628 | |
| Endowment funds: | |||||
| Fair Value funds | - | - | 1,750,000 | 1,750,000 | |
| TOTAL FUNDS | 15 | 1,441,907 | 1,483,244 | 1,978,649 | 1,981,628 |
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Compaines Act 2006 relating to smaller companies.
Directors'responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements were approved by the Board of Trustees on 18 December 2025 and were signed on its behalf by:
M W Sturge -Trustee
Page 6
COBER HILL CHARITABLE TRUST
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Cash flows from investing activities Purchase fixed asset investments Net cash from sale of tangible fixed assets Loss/(gain) on fixed asset investments - Disposal Interest received Dividends received Net cash provided by (used in) investing activities Cash flows from financing activities Repayment of bank loans (Repayment)/receipt of other borrowings Net cash provided by (used in) financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at end of year |
Group Group Parent Parent 2025 2024 2025 2024 £ £ £ £ (91,749) (46,510) (10,057) (147,028) |
|---|---|
| - (73) - (73) 30,040 - - - - 147,153 - 147,153 6 6 6 6 - 2,973 473 2,973 |
|
| 30,046 150,059 479 150,059 |
|
| (10,203) (9,950) - - - (20,000) - - |
|
| (10,203) (29,950) - - |
|
| (71,906) 73,599 (9,578) 3,031 |
|
| 152,020 78,421 12,523 9,492 |
|
| 80,114 152,020 2,945 12,523 |
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITES
| ACTIVITES | ||||
|---|---|---|---|---|
| Group | Group | Parent | Parent | |
| 2025 | 2024 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Net income/(expenditure) for the reporting period (as per the | ||||
| statement of financial activities) | (41,337) | (53,354) | (2,979) | 949 |
| Depreciation | - | - | - | - |
| (41,337) | (53,354) | (2,979) | 949 | |
| Dividends received | - | (2,973) | (473) | (2,973) |
| Interest received | (6) | (6) | (6) | (6) |
| (Increase)/decrease in stocks | (1,734) | 3,920 | - | - |
| (Increase)/decrease in debtors | 8,056 | 4,025 | (8,599) | (146,984) |
| Increase/(decrease) in creditors | (41,126) | (6,195) | 2,000 | - |
| Increase/(decrease) in pension liability | 7,638 | 6,087 | - | - |
| Loss/(gain) on fixed asset investments - Revaluation | - | 1,986 | - | 1,986 |
| (Gain) on sale of tangible fixed assets | (23,240) | - | - | - |
| Cash generated from operations | (91,749) | (46,510) | (10,057) | (147,028) |
Page 7
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. STATUTORY INFORMATION
Cober Hill Charitable Trust is a private company limited by guarantee, registered in England and Wales. The company's registration number, charity number and registered office address can be found on the Report of the Trustees.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable group, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Group financial 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 presented because the trust has taken the advantage of the exemption afforded by Section 408 of the Companies Act 2006.
Going concern
The financial statements have been prepared on a going concern basis as the trustees consider that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for the 12 months from authorising these statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to 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 that the income will be received and the amount can be measured reliably.
Investment income is earned through holding assets for investment purposes such as shares. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Dividend income is recognised as the charity's right to receive payment is established. Hotel and food and beverage revenue is recognised when the rooms are occupied and the services are performed. Deferred revenue consisting of deposits paid in advance is recognised as revenue when the services are performed.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings 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 commitment but not accrued as expenditure.
Page 8
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
2. ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - not provided Plant and machinery - 20% on cost Computer equipment - 33% on cost
In the opinion of the trustees, the useful life of freehold buildings is so long that it cannot be reliably estimated and any depreciation would be immaterial. The property has been reviewed for impairment and the trusteees consider the value included in the financial statements to remain appropriate.
Fixed asset additions that cost more than £5,000 per asset are capitalised and depreciated, other additions are written off on acquisition.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Subsidiary The charity has one wholly-owned trading subsidiary, Cober Hill Limited (company number 00165093) incorporated in England. This company is a conference centre which specialises in visits for groups and schools, its revenue is generated from the hiring out of rooms and food and beverage sales. The company is obliged under its constitution to apply its profits towards the promotions and carry out of the objectives of Cober Hill Charitable Trust. A summary of the trading results is shown in note 11 of these accounts. These financial statements consolidate the results of the Charitable Trust and Cober Hill Limited.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Listed investments are valued at their market value 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 company in the shares of the subsidiary company has been measured at fair value.
Debtors and creditors receivable / payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Page 9
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
2. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The Company contributes to the Pensions Trust Growth Plan Scheme at rates set by the Scheme Actuary and as advised to the Company by the Scheme Administrator. This is a multi-employer scheme which provides benefits to some 1,300 nonassociated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK.
The scheme is classified as a 'last-man standing arrangement'. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
Taxation
The charity is exempt from tax on income 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 property which remains after the debts and liabilities have been satisfied may not be paid to or distributed to the members, but must be given to some other institution or institutions with similar objects which is or are charitable.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Hotel booking fees Investment Income Total income |
Unrestricted Endowment Total fund fund funds £ £ £ 1,077 - 1,077 958,932 - 958,932 2,979 - 2,979 962,988 - 962,988 |
|---|---|
Page 10
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| EXPENDITURE ON Raising funds Investment management costs Charitable activities Activities Costs Support Costs Governance Costs Other Total expenditure Net gains/(losses) on investments Net (losses) on investments Remeasurement gain in defined benefit pension scheme NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Endowment Total fund fund funds £ £ £ 1,043 - 1,043 936,704 - 936,704 71,457 - 71,457 11,160 - 11,160 79 - 79 1,020,443 - 1,020,443 (1,986) - (1,986) 6,087 - 6,087 (53,354) - (53,354) 1,536,598 - 1,536,598 1,483,244 - 1,483,244 |
|---|---|
5. FINANCIAL PERFORMANCE OF THE CHARITY
The consolidated statement of financial activities includes the results of the charity's wholly owned subsidiary.
| The summary financial performance of the charity alone is: Net (deficit)/surplus 6. INVESTMENT INCOME Dividends Bank Interest 7. INVESTMENT MANAGEMENT COSTS Portfolio management |
Group | 2025 2024 £ £ (979) 949 |
|---|---|---|
| Parent | ||
| 2025 2024 £ £ |
2025 2024 £ £ |
|
| - 2,973 473 2,973 6 6 6 6 |
||
| 6 2,979 479 2,979 |
||
| - 1,043 - 1,043 |
||
| - 1,043 - 1,043 |
Page 11
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
8. CHARITABLE ACTIVITIES
| Activies 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 Support Costs Bookkeeping Insurance Telephone Postage and Stationery Bank Interest Preference Dividend Sundries Governance Costs Auditors Remuneration Independent Examiner Remuneration Legal and Professional fees |
2025 2024 £ £ 558,351 540,663 126,702 125,406 859 5,234 54,170 44,713 22,884 33,681 25,710 30,536 113,126 114,640 14,378 16,155 343 73 872 90 12,954 16,200 8,494 9,313 |
|---|---|
| 938,843 936,704 |
|
| 15,201 14,098 17,685 17,081 4,065 10,100 2,214 2,240 445 699 - 473 30,474 26,766 |
|
| 70,084 71,457 |
|
| 250 - 1,400 1,750 - 9,410 |
|
| 1,650 11,160 |
Page 12
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
| 9. STAFF COSTS AND NUMBERS Wages Social security Pension costs |
Group |
|---|---|
| 2025 2024 £ £ |
|
| 510,821 495,882 40,144 35,575 7,386 9,206 |
|
| 558,351 540,663 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Staff costs
No employees received emoluments in excess of £60,000. (2024: nil)
The Trust has no employees and there are no key management personnel.
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Average number of employees
The average number of employees at Cober Hill Limited during the year was 27 (2024 - 27).
10. TANGIBLE FIXED ASSETS (GROUP)
| COST At 1 May 2024 Disposals At 30 April 2025 DEPRECIATION At 1 May 2024 At 30 April 2025 NET BOOK VALUE At 30 April 2025 At 30 April 2024 |
Freehold Plant and Computer property machinery equipment Totals £ £ £ £ 1,750,000 36,311 9,104 1,795,415 |
|---|---|
| (6,800) - - (6,800) |
|
| 1,743,200 36,311 9,104 1,788,615 - 36,311 9,104 45,415 |
|
| - 36,311 9,104 45,415 |
|
| 1,743,200 - - 1,743,200 |
|
| 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 2025
11. FIXED ASSET INVESTMENTS
| 11. FIXED ASSET INVESTMENTS | ||
|---|---|---|
| MARKET VALUE At 1 May 2024 Additions Net (losses)/gains on investments Disposal proceeds At 30 April 2025 NET BOOK VALUE At 30 April 2025 At 30 April 2024 |
Parent Unlisted investments £ 1,750,000 - - - 1,750,000 1,750,000 1,750,000 |
Parent Totals £ 1,750,000 - - - |
| 1,750,000 | ||
| 1,750,000 | ||
| 1,750,000 |
There were no investment assets held outside of the UK.
The unlisted investments of the parent company are shares held in the subsidiary Cober Hill Limited.
The parent's investment at the balance sheet date in the share capital of Cober Hill Limited is as follows
Cober Hill Limited
Registered office: United Kingdom Nature of business: Residential Conference Centre
| % Class of Share: holding Ordinary 100 Preference 100 Aggregate capital and reserves (Loss)/profit for the year |
2025 2024 £ £ 1,201,991 1,240,349 (38,359) (54,302) |
|---|---|
The investment in 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 opinion that the fair value has not changed significantly since acquisition.
Page 14
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
11. FIXED ASSET INVESTMENTS - continued
| 11. FIXED ASSET INVESTMENTS - continued Turnover Cost of sales and administrative costs Other operating income Remeasurement gain in defined benefit pension scheme Profit on sale of fixed assets Interest payable Net loss Retained in subsidiary The assets and liabilities of the subsidiary were: Fixed assets Current assets Current liabilities Creditors: due more than one year Pension liability Total net assets Aggregated share capital and reserves |
2025 2024 £ £ 923,130 927,817 (1,008,606) (1,018,622) 33,960 31,115 (7,638) 6,087 23,240 - (445) (699) |
|---|---|
| (36,359) (54,302) (36,359) (54,302) |
|
| 1,659,826 1,666,626 99,777 168,430 (394,857) (446,793) (232,064) (226,861) (12,065) (4,427) |
|
| 1,120,617 1,156,975 |
|
| 1,120,617 1,156,975 |
12. DEBTORS
| Trade debtors Other debtors Amounts due from subsidiary company Prepayments and accrued income |
Parent Group |
|---|---|
| 2025 2024 2025 2024 £ £ £ £ 10,179 18,315 - - 73 73 - - - - 227,704 219,105 980 900 - - |
|
| 11,232 19,288 227,704 219,105 |
Included in amounts due from subsidiary company above are amounts of £227,704 (2024: £219,105) due after more than one year for the parent company. No group debtors are due after more than one year in either year.
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Bank loans Payments on account Trade creditors Taxation and social security Other creditors |
Group Parent |
|---|---|
| 2025 2024 2025 2024 £ £ £ £ 10,648 10,202 - - 296,180 293,164 - - 17,152 27,171 - - 15,216 51,127 - - 51,166 49,378 2,000 - |
|
| 390,362 431,042 2,000 - |
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COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Bank loans | Group Parent |
|---|---|
| 2025 2024 2025 2024 £ £ £ £ 1,587 12,236 - - |
|
| 1,587 12,236 - - |
The bank loan is a HSBC bounce back loan which is repayable by instalments over a maximum of 5 years.
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund Non-charitable trading activity Endowment funds Trust Endowment TOTAL FUNDS |
Net movement At 1.5.24 in funds At 30.4.25 £ £ £ 1,981,628 (2,979) 1,978,649 (498,384) (38,358) (536,742) - - - |
|---|---|
| 1,483,244 (41,337) 1,441,907 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Non-charitable trading activity Endowment funds Trust Endowment TOTAL FUNDS |
Gains and Movement Income Expenditure losses in funds £ £ £ £ 1,370 4,349 - (2,979) 980,330 1,011,050 (7,638) (38,358) - - - - |
|---|---|
| 981,700 1,015,399 (7,638) (41,337) |
The Charity's endowment is the trading subsidiary (Cober Hill Limited) which cannot be disposed of without the permission of the Joseph Rowntree Charitable Trust and the Joseph Rowntree Foundation. Cober Hill Limited cannot dispose of the property without the permission of the Joseph Rowntree Charitable Trust and the Joseph Rowntree Foundation.
Cober Hill Limited obtained permission from the Joseph Rowntree Charitable Trust and the Joseph Rowntree Foundation for the sale of a portion of land during the year.
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COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
15. MOVEMENT IN FUNDS - continued
| Comparatives for movement in funds Unrestricted funds General fund Non-charitable trading activity Endowment funds Trust Endowment TOTAL FUNDS Comparative net movement in funds, included in the above are Unrestricted funds General fund Non-charitable trading activity Endowment funds Trust Endowment TOTAL FUNDS |
Net movement At 1.5.23 in funds At 30.4.24 £ £ £ 1,980,680 948 1,981,628 (444,082) (54,302) (498,384) - - - 1,536,598 (53,354) 1,483,244 as follows: Gains and Movement Income Expenditure losses in funds £ £ £ £ 4,056 7,209 4,101 948 958,932 1,013,234 - (54,302) - - - - |
Net movement At 1.5.23 in funds At 30.4.24 £ £ £ 1,980,680 948 1,981,628 (444,082) (54,302) (498,384) - - - |
|---|---|---|
| 1,536,598 (53,354) 1,483,244 |
||
| 962,988 1,020,443 4,101 (53,354) |
16. PENSION COMMITMENTS
The subsidiary contributes to the Pensions Trust Growth Plan Scheme at rates set by the Scheme Actuary and as advised to the subsidiary by the Scheme Administrator. The scheme is a multi-employer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the subsidiary.
The pension liability on the balance sheet is the net present value of the scheme deficit reduction contributions that the subsidiary has agreed to pay over several years.
The cost of funding current service pensions is recognised in the subsidiary profit and loss account within administrative expenses.
| 17. FINANCIAL INSTRUMENTS Financial assets that are debt instruments measured at amortised cost: Cash and bank Debtors (Note 12) Financial liabilities measured at amortised cost: Creditors: due within one year (Note 13) Creditors: due after more than one year (Note 14) |
Group Parent |
|---|---|
| 2025 2024 2025 2024 £ £ £ £ 80,114 152,020 2,945 12,523 10,252 18,388 227,704 219,105 78,966 86,751 2,000 - 1,587 12,236 - - |
Page 17
COBER HILL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fund balance at 30 April 2025 are represented by: Group Fixed assets Current assets Creditors: amounts falling due in less than one year Creditors: amounts falling due after more than one year Pension liability Total net assets Charity Fixed assets Current assets Total net assets Fund balance at 30 April 2024 are represented by: Group Fixed assets Current assets Creditors: amounts falling due in less than one year Creditors: amounts falling due after more than one year Pension liability Total net assets Charity Fixed assets Current assets Creditors: amounts falling due in less than one year Total net assets |
Unrestricted Endowment Total funds funds 2025 £ £ £ 1,743,200 - 1,743,200 102,721 - 102,721 (390,362) - (390,362) (1,587) (1,587) (12,065) - (12,065) |
|---|---|
| 1,441,907 - 1,441,907 |
|
| - 1,750,000 1,750,000 228,649 - 228,649 |
|
| 228,649 1,750,000 1,978,649 |
|
| Unrestricted Endowment Total funds funds 2024 £ £ £ 1,750,000 - 1,750,000 180,949 - 180,949 (431,042) - (431,042) (12,236) - (12,236) (4,427) - (4,427) |
|
| 1,483,244 - 1,483,244 |
|
| - 1,750,000 1,750,000 231,628 - 231,628 - - - |
|
| 231,628 1,750,000 1,981,628 |
19. RELATED PARTY TRANSACTIONS
Included in other creditors is £40k (2024: £40k) in loans due to trustees. These are interest free and repayable on demand.
Page 18