2023-11-30-accounts

Charity number.. 1192562 Company number: 12999382 The Cordrey Foundation Annual Accounts for the year ended 30 November 2023

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THE CORDREY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2023 The trustee5 who are also drectofs of the Chartty forthE purposes of the CompaniesAct 2006, present their report with the financial ststements of the charityfor the yearended 30 November2023. The financial statements comply wlth the Charitie5 Act 2011. the Companies Act 2006, the Memorandurn and Articles of Association, and Accountin8 and Reporting by Charities.. Staternentof Recomtnended Practice applicabieto CNarities preparing Iheir accounts in accordan￿ wth the Financ￿1 Reporting Stsndard applicable In UK and Republic of Ireland IFRS 1021 (effective l Ja¥￿￿ty 20151. REFERENCEANDADMINSTRATIVE DEfAILS Re%lstsred cornpanynumber 12999382 IEn8land and Wales) Re%lstered Charity Number 1192562 Re¥isteYed Officè The Lod8e Station Road Wargrave Readin8 BeTk5hi RG108EU Tr￿S Mr P Cordrey Mr5 C Cordrey Mr M Llnington Mr R 8u5well - resigned 0811212022 Mr N Ledger- appointed 26/0712023 IndepeNlent Examlner Essen(lon Accounts and Tax Linited 3 Wzrren Yard Warren Park Stratford Road Milton Keyne5 MK12 5NW srRUCTURL GOVERNANCE AND MANAGEMENT Govemln8 document The charity is controlled by its governin8 docuThenL a deed of trust and constitutes a Nmited companvt limited by guarantee, as defined by the Companies Att 2c￿￿. Recruitmentand appointmert of newtwstees A new trustee or new trustees may be appointed at any tirne leither by wayof replacement or alditlonl. A trustee rnay be appointed ordischJr8ed bya resolutionof a meetingof the twstee5, provided thata memorandumdeclaring such appoinbnentor discharge by sh￿1 be 5i8ned as a deed.eithei3t the meeting by the pewn presiding or in some other manner directed by the meeting attested by the other persons present at the meetln8. Rlsk management The trustees have a dufy to identify and review the risks to which the charify Is exposed and to ensure appropriate controls are in place to provide reasonable assurance 38ainst fraud and error.

THE CORDREY FOVNDATION REPORT OFTHE TRUSTEES FOR THE YE4R ENDED 30 NOVEMBER 2023 OBJEcfivES ANO AcnvmES Oblertives and aims The charity's objective5 are restricted specificallyfor the public tenefit to the following: The advancement of education re8arding the history of transport. and in particular. exhibiting to the public histtirie vehicle5, carriages, carts aw¥J other modes of transport fr*r land, sea a￿1 air, and documents, ph)tO8raphs. artelacts nd other exhibits in connection with the history of transporL The advancement of educatScffj by the provision of financial support and tra￿Ing to military personnel. liverymen, professionals lactive or retyedl or any member of their family. The rellef of those who a￿ in need as a result of illness, poverty. disabilify or old age by the provlsion of financial 5UPPOrt. Such 1)t￿r exclusivety charitable puiposes as the trustees may fvom timeto tlme detemime. HNANCIAL REVIEW Reserves policy The reserve5 poIKy is revEwed re8ularty to ensure the charity h35 sufrFicient funds to meet its objectives lor the foreseeable futwe. FUTURE DEVELOPMENTS Having estsblished itself during the first year of existence. the Charity aims to continue to build its asset b3se in order to facilitate the meeting of its objectives. ON BEHALFOFTHE BOARTr. Mr P Cordrey- Trustee Date.. 1610412024

PEND EXAMINER'S REP TTO THE TRU THE CORDREY FOUNDATION I re￿rt on the accwnts *or the year ended 30 November 2023. Resptctfve responslbllltles ottrustees examlner The charity's trustees (who are also the directors for the purposes of company lawl are responsible for the preparation of the accounts. The tharivs trustees consider that an audit is not required forthi5 yearlundersection 144121 ol the Charities Ac¢ 2011 lthe 2011 acll and that an indtpendent examination is required. Having satisfied myself that the charify 15 not subject to audit under company law and is eligible for indepeJ)dent eKaminaiion, it is my responsibility to- Exarnine the accounts under Section 145 of the 20113ct To follow the procedures laKt down I n the general dlrections Biven by Charity Comrni5sion (under sectic 1451bl of the 2011 Aci),- atld To state whefvr particular matters have come tts my attentirm. Basisof tho independent examiner's report My eK3rnination was carried out in accoidance with the General Directions 8Nen by the Charity Commissh?n. An examination includes a review of the accountinB records kept by the charify and a comparison of the accounts presented with those records. It also includes consideration of any unvsual itern5 or disdosures in the accounts, and seeking explanations from you * trustees concernin8 any such matters. The procedures undertaken do not provide allthe evidence thatwould be required in an audit, and consequently no opinion is •ven asto whethertheaccounts present a'true and fair view, and the report is limited to those matter5 set out in the statsments bdow. Irtdependent eyJminerfs statement In connection with my examination, no matter has tome to my attention.. 111 Which gives me re350nable cause to believe thaL in any materkil respecL the reouirements To keep accounting records in accordance with section 386 and 387 of the Companies Act 2006., znd To prepa￿ accgunts which accord with the accounting record5. comply with the accounting ￿QuIreMents of SectKJns 34 and 395 of the Companie5 Act 2006 and with the tnethods and principles of the State￿￿nt of Recommenthd Prdctise: Accounting and Reportlng by Ch3rttsES have not been met., or 121 To which, in rny opinion, attention should be drawn in order to enable a propel understandin8 of the counts to be reaEhed. Roger Eddowes FOT and on behalf of Essendon Accounts a￿j Tax Limited Date.. aa141apJ

StrtemEn¢rffNncWPLtkntiES IInduthlhÈomear￿￿￿ndlt￿t1(co￿f} YL¥ETrJodth PknYthr￿23 YèrEntsJ 30thNwfftthrX122 UrrfestrfjrWFwd5 hwe¥tmtlnvJme 15519 14Z7 111,8651 (237 Is￿3 4894

The CordreyFLwndadon Company rtmber.. 12999382 Notes )th Novcmber2023 3¢)th November 2022 Flxed assets Herita8e assets LKÉntÈ Investments 193,602 55.666 908,582 1.157.851 169.724 169,724 Debtor5 Cashat bank and in h￿d 11.670 175,474 187,144 l.J37.433 1,140,837 CY¢ditwx amountsfaWn8due wlthkn on•yw 119.9 11.3(Q) N•twrrrrt asÉetslO1a￿j11•c5) 167,244 1.139.537 Totalassetslessomnt liibi41i¢s 1.325,094 IX)9,261 Crctht¢ts ProvisiDfbS liaLylities and char8e5 io Tptsl netlsxts 1,325.094 1.309,261 Totsl unrESlrthd fI￿d$ 1325,094 1,309,261 The company wa5 entltltd to exemption frorn audit under s477 of the Cornpanies Act2C4)6 Telètin8 tosmall companieThe member5 have not required the company to obtain an audit ID accordance vlith section 476of the Cvmpant25 Att 2006. The director5 atknobYkd8e the re5PQn5ibilities forcemplwng wth thÈ requirements ot the com￿niesA￿ with re5pert to accounting record$ and the preparation of accounts. These accounts ￿ve been prepared in acEardance with the provi5N?ns aprlicabkto small companies. These %¢OLmts have been prepwed In aceordance with provl5kJ￿ ap￿1¢¥ble to Small iompanies subject to the 5rnall tompanies regime and in actordancewth FR5102 SORP. Slgned by Peter Cordrey.Trttstee Date..

The Cordrey F¢)undatlon Notes to the •CCfJJnts SKllon C Note l Ba$15 of Preparatlon 1.1 Ba51s of xcountini These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othe￿iSe stated in the relevant notelsl to these accounts. The accounts have been prepared in accordance with= The Statement of Recommended Practice.. Accounting and Reporting by Ch6ritte5 preparin8 their accounts in accordance with the Financial Reporting Stsndard applicable in the iJK Republie ol Ireland IFRS 1021 issued on 16 July 2014: The FIn￿CIal Reportin8 Standard applicab￿ in the United Kingdom and Republic of Ireland IFRS 1021- and wrih the Charities Act 2011. The charity constitutes a puNic benelit entity as deffned by FRS 102. Note 2 Accountlng Policies 2.1 Income Recognltlon of Income These are ineluded in the Ststement of Fifi3￿131 Activities (SOFA) when: The charity ￿comeS ethtitled to the resources. it is more like￿ than notthatthe trusteeswill receive the resource5 and morthryvalue can be measwed with suthcient relkibility. Offsetting There has been no oftsetting of assets and Ilabilrf(ies. or income and expenses. unless requftd ￿ permitted by the FRS 102 SORP or FRS 102. Gr3nts and Donation5 Grants and donations are only rncluded in the SOFA when the general income recognition (rlteria are rnet15.10 to 5.12 FRS 102 SORPI. In the case of perf0mla￿e related grants, income rnust only be recognised to the extent that the charity has provided the specified goods or setvices a5 entitlement to the grant only c<cur5 when the perfOrn￿nce related conditions are met15.16 FRS 102 SORPI. 22 Expenditure and liabilitie5 Liability reco8niti¢n abilities are recognised where il is more likely than not that there is a legal orconstrLKtive obli8atlon committin8 the charity to pay out resource5 the amount of the obligation can be measured with reasonable certainty. Govemance and wpport costs Support costs have been allocated be￿Ve¢￿ govern3n￿ Costs and othersupI)orL Governance costs corrprornise all costs invdving public accountability of the charity and its Co[Tr￿lanCe with regulaUon and good prattice. Supwrt costs include trntral fLJnrtions and have been allocated to aclivity cost categories on a basis consistent wrf(h the use of resources, e.g. allocatinB propetycosts byfloorareas, or per ￿pits. staff costs by the tme spent and other costs by their u538e. Defetted Income No material itern of deferred •Kome has been included in the account5.

Creditors The charity has creditors whKh are measured at settlement arrK)unts less any trade discounts. Provis1￿ forliabilitiE5 A liability is measured on recognition at its historical cost and then subsequendy rneasured at the best estimate of the amount required to settle the obligation at the reportin8 date. Bask Financial I￿trUments The charity accounts for basic finanaal knstruments on initial reco8ni¢ion as per paragraph 10.7 FR5102 SORP. Subsequent measurement 55 a5 per paragraph5 11.17 to 11.19, FRS102 SORP. 13Asgets HerStsgpAssets The charity has heritsge a55ets. that 1% non-monetary assets with historic, artlstlc, scientific, technolo8ical, 8eophysKal. orenvironmental qualities that are held and maintsined principally for their contribution to knowledge and culture. The depreciation lates and methods used as disclosed tn note S. They are valued at cost. Debtors Debtor5 linc1￿ing tr&le debtors and loans receivable) are measured on initial reco8nitioD at setdement amount after any trade discounts oiawtK)unt advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Note 3 Expendlture Charitable activities include an arnounl of £388 for bank chws. Nots4 Detslls ot certaInty￿S of eypenditwe 4.1 Fee's f0ratto￿ttanCY servke5 has been Incurred as follows 2023 2022 Independent Examiner5 fee'5 1.652 1.300 Assurance services otherthan independent examination Totsl 1,652 Note 5 HerltsgeAssets Renov*ion work totslling£23.879 have incurred during the year. No depreciation ha5 been provided in the period, nor any ￿valUation or impabrment amounts. The a55ets comprise of a selection of historic vehicles, carriages. Carts. and other modes of transport for land, sea and air.

The licence relates to costs incuired for the preparauon of 3 garage and parkinB area in relation to a 10 year ￿Cen¢t anted Irom December 2023. No depreciatirm has been provided in the period, nor any revaluation or impairnEnt anounts. The asset will ￿ depreciatsd on a strai8ht line ba515 over the 10 year p￿d of the licence with effect frorn 1st &)ril 2024. Note7 hwtstsnents 2023 2022 Irwe5tments held at fairvalue Total 908.582 InvestrY*nts have been valued at the market value as at 30 NoVe[n￿r202J. Note 8 Debtots and prepayments 2023 2022 VAT li Total 11,670 Note9 Credttor5and actruals AnK)unts fallin8 due wlthln one year 2023 2022 Othercreditors 18.6 Accruals Total 19,900 1,3(

Note 10 Provlslons for liabilities and th￿e9 Movemertsln reCO￿lSed￿0￿S19ftsORd fvndin¥t#nNnitmeTrtdurfn8thepeitod 2023 2022 Balance at be8lnnin8 of reportin8 period ATMunt released in reportSng period 12,5001 Arnounted added in cUr￿nt period Balanie atthe end of the reporting ￿rI0￿