REGISTERED CHAIUTY NUMBER.. 11811662 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATELKEN13 FOR ThE YEAR ENDED 31 MARCH 21124 FOR THE COAGE COMMUNITY S8r8eant Partnership LLP Chartered Accounlants 5 White Ogk Square London Road Swanley Kent BR8 7AG
ThE COThAGE COMTrtUNITY CONfENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Report of th¢ Trnjttti I to 3 Independent ExAmlmer'i Report Stlttmenl of FlnADeW Actlvlti Ball¢¢ Shert Note• to th¢ Fln4ndal S¢•t¢m¢•l• 7 to 14 Detld St•t¢m¢llt of Flllallclal Actlvld¢• IS to 16
TIIE COThAGE COMMU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tsustees present their T¢POrt with the financial stat¢mentB of the chariry for the year ended 31 Mah 2024. The tntsiees have adopied the provisions of Accounting and Reporting by ClwitiC5.' Statement ofRecommended Pra¢iice applicable ¢barities preparing tkneir accounts in accordance with th¢ FinaDcial Reporting Standard applicable itt the UK and Republic of Ireland IFRS 102) {effcctive l January 2019). OKJECTIVES AND ACTIVITIES Publlc Benent The Tnlee& have eon5ultcd the guidance rnade available by the Charity Commi5siott for England and Wal on th¢ Public B¢nefit rcquircrnent of the Chariti&s Act 2011. The Trustee5 are confident that th¢y havc )mpli¢d with their duty under seclion 4 of thc Charitics act 2011 in that they have had due 88rd to public bcn¢fi¢ guidan¢c published by the Commission. In filrthcrance of the charity's charitsble Purposes for public benefi¢ th¢ Trustees 8ive dctai15 of their activitLC5 tn the followin8.' Setvices to elderly and vulnerable pcoplB in thc North Kent area broadly with a view to give support pnd ¢nabl¢ them to continue to live ai home. ObJe¢dves and Aetlvlty The obj¢c¢iv¢ of the chority is to eTthce the personal choices and quality ollifc of elderly dnd vulncrable p¢opI¢ PTimarily living 81 home within its a. through the provision of a day care ccntre. transport facilities, dllily rn¢ai& d¢liv¢ry, shopping ond other day tiips and ouling8, together with VICe infornjation othcr nneCted facilities. The DAY Cenire This provides elderly and vulnerable clients who continue to liv¢ at home with A venue providitjg lunches and the oppothity ts) Socialise llnd PArtakc in a wide variety of activitses ineludirtg.. book clubs. singing 5¢ssions, armchair exercisc classes, bingo md other pistime8. Thr Tne•ls delivcry client'6 homes commenced during Iwkdown waB CulIed in September 2023 as no longer being vi8ble now that meals and other fthcilities Are availablc at the Day Centre. The Trnsiees once again cornmeDd the work of th¢ CEO and h¢r st&ff who have ¢olltittued keep the charity flouri5hin8. Mlnlbuj Servlces Four minibuw ore avail&ble for clientm, transport which, together with the drivers, ensure that cliellts a transported safely to and from tbe Day Centse #s wrll as providing the increasing need to provid¢ shoppinB hnd d&y trips io placcs ofiocal int¢r¢61 tC*8ether with outillg8 fvrther afield to the ¢OA$t. Achlevementi Ind Performante In the course of the yw thc chariry sold its frcehold Cottsgc propErty for £500,0(KJ. before costs. Thi8 ha supplemenkd the charitys fimds and allowed Eontinuatiofv of the charity's &Ctivitie8 for th¢ overall benefit of its clienls, both existing and fijture. Page I
THE COAGE COMMUNrrY REPORT OF THE TRUSTEES FOR THE YEAR ENDKD 31 MARCH 2024 NANC REw The charity's illcome is now sourced entirely from.. the provi8ion of transport {for day care, trips to places of intcrest atsd shopping cxpedition8). Day Care, chlty sbop income and some srnall grdnts. This proyidcs only some fjfty percent of its funding requirements whi¢h, over the years had 8ub5t4ntially extinguished 118 finat)cial reserves. As indicattd above, in order to T¢- fiDance. and pmvide ongoin8 5Ctvic¢s to clients. the sale of th¢ Ch1(8 freehold premises in Fawkbam was completrd on 26 August 2023. Th¢ ¢harity now op¢rdt¢s from & llew bose at Waller Park, Dar¢Dt ltt¢om¢ from clients was slightly redd in the year lar8ely du¢ to the change of prcmiscs, gr8mts and donations received were al80 down oll the previous year. However. costs 8eDerally w¢r¢ k¢pt under c4)ntrol and reduced in total despite the salaries of staff bcing increased &5 Usual in line with the N&tional Living W8ge recommendation. The charity shop in Swanley Shcyping Centre continued to make i Sthtanthal contribuiion. The financial statements for the year cnded 31 March 2024 follow this report and h&ve been examined by Sargeani Parthcrship LLP. The slatcrnellts show that the chlty incurred a deficit ill thc year of £70.629 the 10$8 being covered by rc5trves. STRUCTiIRE, GOVERNANCE AND MANAGEMENT Governlng Document The charity is controlled by its governin8 document. 8 deed of trust and constite& unincoTporated Cbarity. Con•tttutloTh The charity is regL5tcred with the ChHTity Commission and 15 a Chgrithble Incorporated OrgantsAtion (CIO) It ha¥ a writtcn constitution daied 13 November 2019. which details the framework and poram¢t¢rs of our &ctiYitics and obJVe$. Method of Appolntm¢nt or Eleftlon tsf Trurte Th¢ rnan88crnent of thc charity is the responsibility of the TNstee$ who arc appoiJ)t¢d undcr the lernls of the Constili0n. Trnsiee8 are re¢nJited according to the skills attd experience they ean provid¢ to (Trb(ain competent and balanced maDag¢menL Rlik Management The Tnte¢S have &sses8¢d the major risks to which the charity 1$ ¢xpostd and are Satisfid that sysm and PToc¢dures #re its place to miti8at¢ exposur¢ to the tnajor risks. Rttervts Poliey In iGcordNn¢e with The Ch4Tity Commission T0MMatiOll and b¢5t practice, the charity held 8 minimum of six month$ opcrating ¢ost5 in it$ reserves. Monies held in reserve arc where appropriat¢. retained in fixed Tale d¢poBit WOWLt. Regl$ter¢d Comp4Try number CEOIS598 (FxLgland and Wales) REFERENCE AND ADMINISTRATIVE DETAILS Re¥istered Charity number 1180662 Page 2
THE COThAGE COMMUNITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 PriDcipftl address Jubilee Pavilion Waller Park Wood Lane Dartford DA2 7LR Trnstees MrJ Kelly (Chair) MT P Coleman Mr D Putman cfTea8urer) Mr C Arnistrong Mr J Willis Chlef Fxeeudve Offl¢¢r Ms A Dabb IndependeDt Eximlner JoAnne Brown Soryeant P8rtner8hip LLP Chartered Accountants 5 White 08k SquaTe Londots Road Swanley Kent BR8 7AG 01111)12024 Approved by order of th¢ bwd of knJ8t¢es on............................................. si8tscd on its behalf by.. D W Putman. Tnte¢ Page 3
INDEPENDENT EXATr(tNER'S REPORT TO THE TRUSTEES OF THE COTTAGE COMMUNITY Indeprndent exgmlntr's report to the trustees of The Cott8ge Commujllty I report to the charity IniSt¢¢$ on tlly eXnIatiOn of the arKoullts of The Cottage cornm1ty lthc Trust) for the year ended 31 Marth 2024. Responslbllitifs 8nd bails of report As the charity trustees of the Tntst you are r¢SSIble for the preparn¢ion of thc accounts in accordance with the requirements of the CEMritie8 Act 2011 {'tbe Act). I report in r48pect of my examitiOn of the Tnjst's OUnts canied out under Srction 145 of th¢ Act artd in carryin8 Out my ex8min&tioD I h8ve followed all appliclble Directions given by th¢ Charity Commission under S¢ction 145(5llb) of the ACL Independent examlner g sl•tem¢nt I h&v¢ tp]e1¢d my exymin8tion. I ¢ollfllin th&t no matsrial Dtt¢rS bav¢ come to my 8tt¢ntion in conncdion with the examination giving me cause to believe thBt in any matcrial respect.. ccounting records were not kept ill respect of the TTU5t as requir1 by Section 130 of the Act. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requircm¢nts cothcerning th¢ forn] and cmtent of accowits set out iti the Charities {AccouDt5 and Reports) R¢gul&tions 2008 otbcr than ally re4uireDWnt that the Ounts give a tsue and fair view w"£h is Dot a nthtter consider Bs pat1 of an depeDt examin10. I bave no concerns and hav¢ come 10$5 DO other matters in ComitIOn with the examina(ion to which attcntion should b¢ drdwn irt this report in t)rder to enable a prop¢r under8tandin8 of the aOunts to be rched. Joanne Brown Sftrgeant PerShip LLP Chartered Accouniants 5 White O&k Square London RL)ad Swanley BR8 7AG Page 4
TIIE COThAGE COMMU STATEMENT OF FINANCIAL ACTTVITILS FOR THE YEAR EI¥DED 31 MARCH 2024 2024 Total 2023 Total Unrestrided Restricted fimds INCOME AND ENDOWMEiYfs FROM Domiions and legacies 33.910 33.910 52.017 Chirltsble aedvlti¢J General 66.494 66.494 79.487 Inve81ment Inrne Other income 476 2(K) 200 Total 100,604 100,604 131,980 EXPF.NDITURE ON CbArltsble idlvldei (knerni 230.079 9,727 239,806 237,078 Net gatll8 on investments 68,573 68,573 NET INCOMEIIEXPENDITURE) (60.902) (9,727) (70,629) (105,098) RECONCILIATION OF FUNDS Total fund$ br¢)ught forward 515.883 9.727 525,610 630.708 TOTAL FUNDS CARRIED FORWARD 454,981 454,981 525.610 The notes forn) part of thes¢ financial statements Page 5
THE COTTAGE COMMUNITY BALANCE SHEET 31 MARCH 2024 2024 2023 Total Unrestricted Restricted funds fimds Notes FIXED ASSETS Tangible gssets Inve5ttn¢nts 61,060 15.000 61,060 15.000 456.542 15.000 76,060 76.060 471.542 CURRENf ASSETS 300 60.488 327.438 300 60,488 327,438 750 24,948 36,095 Debtors Cash at bank and in hand 388,226 388,226 61,793 CREDrroRS Amounts f811in8 due within one year 10 (9.305) (9,305) (7.725) NET CURRENT ASSETS 378,921 378,921 54.068 TOTAL ASSETS LESS CURRENT LIABILITIES 454,981 454.981 525,610 ASSETS 454.981 454,981 525,610 FUNDS Unr¢stri¢ted fvnds Resiricted fimds 454,981 515,883 9.727 TOTAL FUNDS 454,981 525,610 The finAnci&l statements were approvcd by the Board of TTU8tees And auth0ri8ed for ijsuc on 01110ooR+................................- and wrre s]ed on its behalf by- D W l*Jlmall. TNstee The notes forni part of these financial statements Page 6
THE COTTAGE COMMUNITY NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ELYDED 31 MARCH 2024 ACCOUNTIF4G POLlCtEs B%5is ofprepArlDg the flDAnclal 5tatemeDtJ The fthancial 5tat¢m¢ots of the cbarity, wlll'ch is a public bcn¢fit entity und¢r FRS 102, have been prepared ID accordance with the Chariti&s SORP (FRS 102) 'A¢UntIng and R¢porting by Clwities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stth applicable in the UK and Republic of Ireld (FRS 102) (effective l January 2019),. Financial Reporting stadard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the chItieS A¢t 2011. The financial statements h8ve been prtpared under the historical c08t convention, with the exception of investments which are i]uded at market valur. Income All income is reco8niscd in the Statement of Financial Activities once the charity has entitlemettt to the fimds. it 18 probable thAt th¢ inc4)me will be reccivcd and the arnount can be rnc&sured reliably. Expendlturt Liabilities are retO8nised as expenditure as soon as there is a le8al or constructive obliBation committing the charity to that exp¢ndittwe, it is probable that a trattsfer of economic benefits will be r¢quir¢d in s¢ttlemcnt llnd the amount of the obligation Can be measured reliably. Expertditure is accounted for on an accruals basis and be¢n cl858ified un(kr headings ththt #ggregate all co8t rel&ted to thc catcgory. Where costs ¢&nnot bc dire¢tly attributed to particular headings they hAve bttn lllocaod to aclivitie5 on a basis eon5iSt¢nt wilh the UBe of re8ource5. Tgnglble flxed asi¢ts Deprccialion is provided at the following amual ratc8 in order to write off eBch asset over its estitDated usefijl life. Frtthold property [Mprovenlt8 to property Fixtur¢s ond fittings Motor v¢hi¢lcs not provid¢d 250/0 per annum on rcducing balattce 25•/• per anllum on reducin8 balat 25•A pcr OD reducill8 balanc¢ Sloc Stocks Are v&lucd at the lower of rA)st and n¢t r¢alisable value, after making due allowance for obsolete and slow moving it¢o]s. TaxatloD The chatity is exempt from tax on its chitabLe activities. Fund attoundng Unrestricted funds can u8¢d in Accordaoce with the ehttritable Objectiv at thc discretion of thc trustees. Restrieted fiujds can only be ed for particular TeBtrictrd purposes within the objects of thc chwity. Restriction6 arise whett specified by the donor or when (und8 are raised for particular restticted pur[rf)8. The ttu8te¢s WDsider that thtte or¢ no r¢stri¢¢¢d funds Bt the year end as tbe Co(y grant was utilised durinB the year. Page 7 continueJL..
THE corrAGE COMMUIYI NOTES TO THE FINAIYCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- eondDu¢d Fund aceouThtlDg Th¢ Capiral Re8erYe ha8 been transferted the g¢n¢ral fid durins the year thie to the sale of the freehold prOrtY. Gr4tsts recelv Receipts by way of "grant" have been included in the Staternent of Financial Activities (8ross, no etting off) in K¢ordat with the terni of the grdnt and have not been T¢¢018¢d until th¢ GonditioDs for receipts have been complied with. INVESTMEiwf INCOME 2024 2023 Deposit account interest 476 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration OT other b¢n¢fit8 for the year ended 31 MaTch 2024 nor for th¢ year ended 31 March 2023. Trn•ttd' expeni There were no trwt¢es' expenses pgid for ihe year ended 31 m¢ 2024 noT for the year ended 31 Marcb 2023. STAFF COSTS The Avernge monthly Dumber of employers during the year follows.. 2024 10 2023 Administration No ¢mploye¢s reeeivod emoluments in ex8$ of £60,OIKI. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fimds Total funds INCOME AND ENDOWMENTS FROM D(mations and leg1¢8 44,617 52.017 Cbrltble Genernl 79,487 79.487 Inv¢8tment income 476 476 Total 124,580 7.41J) 131,980 Pag¢ 8 continued...
THE COTTAGE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS- eondnued FOR THE YEAR EL¥DED 31 MARCH 2024 COMPAIL4TIVES FOR THE STATELiIENf OF FINANCIAL ACTIVTfiES- eontlnlled Unrestri¢ted Restricted Totst nds fund8 funds EXPENDTTURE ON Cbaritlble aetlvltA General 229.678 7.4(Kl 237,078 NET INCOMEI(EXPENDITURE) (105.098) (105,098) RECONCILIATION OF FUNDS Total fi]nd5 brought forward 620,981 9.727 630.708 TOTAL FUNDS CARRIED FORWARD 515,883 9,727 525.610 TANGIBLE FIXED ETs ImpTovem¢nts Fixtur¢$ Fr¢chold to property property Molor vehicle8 fittin88 Totals COST At l April 2023 Addition5 Disposals 431,019 32.775 13,344 27,195 43,165 504,333 43,163 (432,180) (431.019) (1,161) At 31 March 2024 32,775 12.183 ?0,360 115,318 DEPRECIATION At l April 2023 Charge for ye Eliminated on disposal 22,161 2,653 7,879 1,307 {753) 17,751 3,260 47,791 7,220 (753) At 31 March 2024 24,814 8.433 21.011 54.258 NET BOOK VALUE At 31 Mah 2024 7.961 3,750 49.349 61.060 Al 31 March 2023 431,019 10,614 5,465 9,444 456,542 fn 2024. the freehold property 100 Brands Hatch Park, scraher5 IAne were Bold for £500,000. Page 9 continued..
THE corrAGE COMMUNITY NOTES TO THE FINANCIAL STATEMENfs- contlnlled FOR THE YEAR ENDED 31 IWCH 2024 Slwes in undcrtakings MARKET VALUE At l April 2023 and 31 March 2024 15.( NET BOOK VALUE Ai 31 March 2024 15.000 At 31 March 2023 15,0( There weTe no inv¢$tment assets outside the UK. STOCKS 2024 2023 sIk 3Crf) 750 DEBTORS: AMouNf& FALLING DUE WITHIN ONE YEAR 2024 2023 Trade d¢or$ Other dcbtors Prepayments 1.575 58,635 278 2.395 20.569 1.984 60,488 24.948 Page 10 continued...
TIIE COAGE COMMUNITY NOTES TO THE FINANCIAL STATEMEI¥TS- eondnued FOR THE YEAR lED 31 MARCH 2024 10. CREDrroiLS: AMOUNTS FALLG DUE WITHLY ONE YEAR 2024 2023 Trade creditors Ttion and soci&l security Other c¥editors 1283 2,317 4.125 4.256 5.049 9,305 7.725 11. MOVEMENT IN FUNDS Net movement in funds Transfers between At 3113124 At 114123 Unresttleted fiJnd• General )SJnd Capi[ Reserve 84.864 431,019 (129,883) 68,981 500,0 (51K>,000) 454,981 515,883 (60,9021 454.981 Rejtrlcted lundi COOP grant 9,727 (9,727) TOTAL FUNDS 525.610 {70,6291 454,981 Ne¢ movement in fiJnd4 included in the above gre 98 Collows.. Jncoming Resources resource8 expended Gains and Movement losscs in funds Unmtrlcted tsndi General fimd Capital Re8erve 100.604 (230,079) (408) (129,883) 68,981 68.981 I.604 (230,079) 68,573 (60.2) Rutrlrted tsndi COOP grani (9,727) 19.727) TOTAL FUNDS 100.604 1239,806) 68,573 (70,629) Pagell continued..
E COThAGE COMMUNITY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ELYDED 31 MARCH 2024 11. MOVEMENT IN FUNDS. eontlDued Comp*radvu for moveme•t ID fund5 Nct movement in fimds At 3113123 At 114122 Unrestrlded Genero1 fid Capital Re8erv¢ 189.962 431,019 (105,098) 84.864 431,019 620.981 (105.098) 515.883 Restrlcted funds COOP grant 9,727 9,727 TOTAL FUNDS 630.708 1105,0981 525.610 comptive net rnovemcnt in fill$. included in the thve are follow8: Jncoming Resource$ Movemcllt resou¢3 expend in funds unrelded fundi GenerAI fvnd 124,580 (229.678) (105.098) Rertrjcted The Philip aDd Conni¢ Philips Foundation 7,4 (7,4001 TOTAL FUNDS 131.980 {237,078) (105,098) Pag¢ 12 continue41...
THE COThAGE COMMU NOTES TO THE FINANCIAL STATEMENfs- tondnued FOR THE YEAR ENDED 31 MARCH 2024 11. MOTrTTrtKNT IN FUNDS- Contthued A CUTrcnt y¢llr 12 trw)ntks aDd prioryear 12 months combitied positiott is as follows.. Net movement in fijnds Transfer8 between funds At 3113124 At 114122 Unrestri¢ted fundi General fund Capital Res¢The 189.962 431,019 (234,981) 68,981 500.0 (Sw,0j> 454,981 620,981 (166,0¢) 454,981 Rtstrleted hnd$ COOP grant 9.727 (9,727) TOTAL FUNDS 630,708 (175.727) 454,981 A cvTh¢nl ye8r 12 months and prior year 12 months combin¢d D¢¢ mov¢m¢nt in fijnds, included in the AiKJv¢ ar¢ follows.. Incoming R&8our¢es resources expended Gains and Movemen¢ loss¢s in fimds Unmtr5¢ted fundi Gcneral fiwd Capital Rc5crv¢ 225,184 (459,757) (4081 {234.981) 68.981 68,981 225,184 (459.757) 68,573 (166,0(K)) Rutrlrted fundi COOP The Philip Connie Philips Foundation (9,727) (9,727> (7,400) 7.400 (17,127) 19,727) TOTAL FUNDS 232,584 {476.884) 68.573 {175.727) Page 13 continued...
THE COThAGE COMMUNITY NOTLS TO THE FllYANCIAL STATEMENTS- eondnued FOR THE YEAR ENDED 31 MARCH 2024 12. REIATED PARTY DISCLOSURES At 31st 2024 tbc cbarity was owed £58.635 {2023: £20,$69) from iv& subsidiary ciKDpany RACDV S&le8 Limited P88e 14
THE COThAGE COMMUNT DETAILED STATEMENT OF FIPIANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Dondon8 and l¢gd¢8 Don&tiOll8 GranLs 32248 .662 43.472 8J45 33.910 52.017 InveJtJDent incon)e Deposit &ccount interest 476 CharltAble aetlvitl Illcome from clicllt 5eryices 66,494 79.487 other Incom¢ Oth¢r income 200 Total Ineomln8 ruourc¢J 100.604 131.980 XPEIYDrruRE CbrltAble Wa8es E5tabli8hm¢nt $ts Vehicle rnnnin8 and l¢a5ing Catcring supplies Sundri¢8 Improvem¢nt$ ¢0 property Fixtures and fittingg Motor vehiclc8 135.893 28,870 24,910 3.937 2,083 2.653 1,307 3.261 155,580 14,542 26,3 19 14,684 3.519 3,538 1,415 3.148 202,914 222,745 Supptsrt co# FIoADee Bank ¢har8c8 lllterest oll ov¢rdu¢ tax 58 59 Governthee to Auditots, rcmuncration Canird forward 3.500 3.500 4,9(N) 4.900 This page does not fonn part of the statutory financial Statements Page 15
ThE COTTAGE COMMUNITY DETAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ELED 31 MARCH 2024 2024 2023 Govern8nte colts Brou8bt forw8rd Accounthllcy and legal f¢¢8 3.500 33.333 4,900 9.433 36.833 14.333 Total resou¢6 expwd¢d 239,806 237,078 N•t expeudlture before g*lni ind (139.202) (105,0981 Re¥JllJed rttogntscd gthi •nd Iom Re&lised gain&lllos5¢8) on invutmeni 68.573 Net ezpeDdltsre {70.629) {105.098) This page does not forni part of lh¢ statutory fjnancial statements Page 16