2021-04-05-accounts - The Cobtree Charity Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference and administrative	details ofthe	Company,	its Trustees and advisers
Trustees' report				2-5
Independent examiner's report				6-7
Statement offinancial activities
Balance sheet				9-10
Notes to the financial statements				11-24
Balance Sheet for Sir Garrard	Tyrwhitt-Drake	Will Trust		25

Trustees		SF Knatchbull,	SF Knatchbull,	Chairman	Chairman	(appointed	6 July 2020)
		R.N. Hext	Esq., Chairman			(resigned	6 July 2020)
		J.Fletcher	Esq. M.A.		(Cantab. ), FCA		(resigned 19July 2021)
		D.T.B.Wigg Esq.
		L.J.Martin	Esq.
		S.A. Beck	Esq.
		M Sharp
		M Startup	FCA
		SJordan
		K A Moule	(appointed		19April 2021)
Company	registered
number		00500208
Charity registered
number		208455
Registered	office	Victoria Court
		17-21 Ashford		Road
		Maidstone
		Kent
		ME14 5DA
Company	secretary	M.H. Richards
Accountants		MHA Maclntyre		Hudson
		Chartered Accountants
		Victoria Court
		17-21 Ashford		Road
		Maid stone
		Kent
		ME14 5DA
Bankers		National Westminster			Bank pic
		Maidstone
Solicitors		Whitehead	Monckton
		Maidstone

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
			Note	f.
Income from:
investments				168,818	168,818	225,009
Other income				1,702	1,702	1,331
Total income				170,520	170,520	226,340
Expenditure on: Management fees Charitable activities				32,131 163,421	32,131 163,421	25,118 142,360
Total expenditure				195,552	195,552	167,478
Net (expenditure)lincome on investments		before net gains/(losses)		(25,032)	(25,032)	58,862
Net gains/(losses)	on investments			1,999,550	1,999,550	(1,154,941)
Net movement in	funds			1,974,518	1,974,518	(1,096,079)
Reconciliation of	funds:
Total funds brought forward Net movement in funds				6,514,613 1,974,518	6,514,613 1,974,518	7,610,692 (1,096,079)
Total funds carried forward				8,489,131	8,489,131	6,514,613

			Note		2021 E		2020f
Fixed assets Tangible assets Investments			9 10		100 8,132,089		100 6,112,151
					8,132,189		6 112251
Current assets
Debtors Investments Cash at bank and	in	hand		18,806 126,825 225,315		5,378 169,037 237,551
				370,946		411,966
Creditors: amounts		falling due within one		(14,004)		(9,604)
year
Net current assets					356,942		402,362
Total net assets					8,489,131		6,514,613
Charity funds
Restricted funds Unrestricted funds			14 14		8,489,131		6,514,613
Total funds					8,489,131		6,514,613

nvestment	income
		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		E	E
Investment	income	168,723 95	168,723 95	224,549 460
Bank interest
		168,818	168,818	225,009
Total 2021
		225,009	225,009

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		E	F	E
Management	fee - Will Trust	702	702	1,115
Compensation		1,000	1,000	216
Total 2021		1,702	1,702	1,331
Total 2020		1,331	1,331

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			E	F
Investment	management	fees	32,131	32,131	25,118
Total 2020			25,118	25,118

		Total	Total
	Activities	funds	funds
	2021	2021	2020
	E	E
Donations (see note 13)	149,992	149,992	133,130
	133,130	133,130

Analysis of	support co
				Total	Total
			Activities	funds	funds
			2021	2021	2020
			F	F
Accountancy Independent Secretarial	Fees re. Bookkeeping examiners/ Auditors' fees	remuneration	1,839 3,918 5,000 2,672	1,839 3,918 5,000 2,672	1,124 3,698 3,000 1,408
Sundry
			13429	13429	9,230
Total 2021
			9,230	9,230

Independent	examiner's remu	neratio
				2021	2020
				E.	E
Fees payable examination	to the Company's of the Company's	independent examiner annual accounts	for the independent	3,918	3,698

Fixed asset investments
		Listed
	investments
		F
Cost or valuation At 6 April 2020		6,112,151 608,673
Additions Disposals		(465,535) 1 876 800
Revaluations
At 5 April 2021		8,132,089
Net book value
At 5 April 2021		8,132,089
At 5 April 2020		6,112,151
Investments at market value comprise:
	2021	2020
	F
Listed investments	8,132,089	6,112,151
	8,132,089	6,112,151

Investments and investment inco	me
		Market
		value at 5
		April 2021	Income
Aberdeen Asian Inc 52,000 Ord E1.765		118,040	8,324
Alliance Trust pic 14,600 Ord 2.5p		136,510	2,099
Alhanz Technology Trust 9,600 Ord		265,440
Astrazeneca pic 3,575 ord $0.25		207,988	6,003
Aviva Group 23,200 Ord 25p			3,016
BAE Systems 12,000 Ord 2.5p			2,785
Barclays Pic 40,000 Ord 25p		73,600	400
Barings Umbrella Fund		66,118
BHP Billiton 7,320 Ord $0.50			3,082
BlackRock Smaller Cos Trust 10,000 Ord		175,800	3,250
BlackRock Asset MGRS		80,418	1,182
BP Pic 34,000 Ord $0.25		98,532	6,824
British American Tobacco 2,500 25p Ord		67,888	3,945
British Land Co pic 13,570 Ord 25p
Card Factory 0 Ord
Centrica Pic 0 Ord 6 14/81p
Compass Group 3,180 Ord		47,541
Co-operative bank 10,554 Ord 5p
Croda International pic 1,10010.61p Ord		70,598	990
Dechra Pharmaceuticals pic		58,514	408
Diageo pic 7,010 Ord 28 101/108p		210,791	4,898
Findlay Park Fds FP Amer Smir Cos GBP Hedg		166,240
Glaxo Smithkline pic 9,700 Ord 25p		123,927	7,760
Halma 5,000 Ord		121,900	841
Heineken Holdings 1,200 Ord		78,672	919
Henderson Stategic Bd I (Gr) Inc	39,000 Ord	55,380
HICL infrastructure Group 44,000 Ord		72,600	3,630
Honeywell international Inc		47,347	169
HSBC Holdings 16,561 Ord $0.50		70,086
Intertek Group 1,060 Ord		60,632	1,121
Jo Hambro Capital Management	Ltd 76,047 A GBP DIS	145,553	1,813
Janus Henderson			1,982
Legal 8 General Group pic 50,030 Ord 2.5p		141,835	8,790
Link Fund Solutions Ruffer Total	Ret Inc	110,589	150
Lloyds Banking Group 170,000 Ord 10p		72,709
M 8 G Optimal incm I inc 61,800	Ord	58,098	625

TO THE FINANCIAL STATEMENTS HE YEAR ENDED 5 APRIL 2021
	77,146	1,072
M 8 G Securities		734
M & G investment	46,610	89
Microsoft Corp Mid Wynd international 30,000 Ord Monks inv Trust pic 15/12/09 20,000 Ord 5p Morrison Supermarkets pic 30,000 Ord 10p Newton Global Dynamic Bd W Inc 54,000	218,400 274,400 54,435 52,380 97,368	1,866 500 3,264
Next 1,200 Ord Pennon Group 5,400 Ord	52,985 127,008	1,992 9,870
Persimmon pic 4,200 Ord 10p Polar Capital Global 107,700 Polar Capital Technology Trust 13,000	168,820 289,900 105,502	4,739 1,701
Prudential pic 6,800 Ord 5p	58,53T	1,458
RELX 3,190 Ord	161,660	8,768
Rio Tinto 2,950 Ord 10p Royal Dutch Shell 10,000 Bshares EUR 0.07 Royal London Short Duration 105,000 Ord	133,540 116,130 34,356	4,921 2,519 173
S&P Global inc		828
Schlumberger 0 Ord		638
Schindler Holdings AG Scottish 8 Southern Enegery pic 6,500 Ord 50p Scottish American Inv Co pic 20,000 25p Ord Scottish Mortgage Trust pic 33,400 Ord 5p SL Inv Grade Corporate Bond I Inc 218,772	94,T05 92,200 388,776 123,343 85,400	5,226 1,800 1,106 1,628
Spectris 2,500 Ord Standard Life Aberdeen 11,025 Ord Threadneedle UK Corp Bond 2 lnc 119,724 TR Property Investment Trust	32,402 127,518 59,250 181,996	2,381 2,780 780 6,705
Unilever pic 4,525 Ord 3 1/9p	67,440	1,384
Victrex 3,000 Ord	48,874	154
Visa Inc	53,464	3,224
Vodafone Group pic Ord Worldwide Healthcare Trust 10,700 Ord 25p	309,175 319,800	1,350
Nav 40,000 0 Ord 25p Baillie Gif Jap 30,000 5p Ord Nestle SA 1,960 regd CHF1 Legg Manson lnv Fds US Equity income XAcc Schindler Holdings AG 320 CHF 0.10 Siemens AG (Regd) 750 Kentstone Properties pic 32,000 Ord 50p shares Templeton Emerg Mark Investment Trust 15,00 Treasury Stock 171,000 2029 0.125'/0	158,878 132,480 68,240 89,576 80,000 153,300 267,?97 124,952	2,821 2,450 1,681 2,560 4,350 265 1,590
Severn Trent 100,000
		Page 19

	4,350
8,132,089	168,723

				Market
			Holding	Value
				E
Barings Umbrella Fund			610	69,784
Blackrock Asset MGRS			52,000	82,472
Dechra Pharmaceuticals			1,?00	50,441
Honeywell International	Inc		300	43,932
Link Fund Solutions Ruffer Total		Ret inc	30,000	98,179
MBG Securities			73,000	80,285
Microsoft Cop			260	46,199
S&P Global lnc			130	36,028
TR Property Investment	Trust		15,000	52,000
Visa Inc			310	46,896
Jo Hambro Capital Management		Ltd		7
Legg Mason lnv Fds US Equity		income XAcc Nav		2,450
			173,310	608,673

During the year, the trus	t made	the following i	nvestment disposals	:
		Holding	Sale Proceeds E	Valuation E	Profit/Loss E
Astrazeneca pic Aviva Group BAE Systems BHP Billiton British Land CO pic Worldwide Healthcare M 8 G Optimal Income Siemens AG (Regd) Tesco personal finance	Trust Inc 5%	675 23,200 12,000 7,320 13,570 2,400 6,800 375 87,000	57,163 79,345 56,833 149,567 52,237 87,367 11,211 7,562 87,000	48,222 54,195 60,000 90856 42,678 67,560 7,439 7,178 87,407	8,941 25,150 (3,167) 58,711 9,559 19,807 3,772 384 (407)
Totals			588,285	465,535	122,750

Debtors
		2021	2020
			E
Due after more than Other debtors	one year	12,500
		12,500
Due within one year Other debtors Prepayments and accrued income		2,882 3,424	2,180 3,198
		18,806	5,378
Creditors: Amounts	falling due within one year
		2021	2020
		F
			92
Trade creditors Accruals and deferred	income	14,004	9,512
		14,004	9,604

Schedule ofdonations
			2021	2020
				E
1st Maidstone Boys Brigade 8 2nd Maidstone		Girls Brigade		500
Abigail's Footsteps			3,300
Asthma Relief			1,900
Blackthorn Trust			3,558	2,325
British Red Cross in Maidstone				4,838
Broornfield PCC St Margaret's				(3,000)
Citizens Rights for Older People			1,000
Compaid			5,000	3,000
Connect Church Maidstone				805
Countryside Alliance Foundation			3,380	3,380
Demelza Hospice Care for Children			1,900
East Farleigh Pre-School			756
Ellenor Lions Hospice			2,337
Fusion Maidstone				1,200
Hamlet Wood Scout Campsite			2,500
Heart of Kent Hospice			15,000	5,000
Hi Kent			4,556	3,931
Holy Cross PCC				10,000
Homeless Maidstone			5,000	5,000
Howard de Walden Hostel Charity			5,000
Howard Warden Centre			4,422
Include Kent (VB Maidstone)				5,000
Kent Association for the Blind				2,000
Kent County Playing Fields Association			1,080	1,080
Kent Digital Media Group			2,000
Kent Wildlife Trust			1,000
Kenward Trust re: Outreach Project				3,404
Lifelites Ordinary			34,365
Macmillan Cancer Care			2,000
Maidstone and Medway Cruse	Bereavement	Care	1,075	1,410
Maidstone 8 Mid Kent Mind			2,000
Maidstone Baptist Church				760
Maidstone Citizens Advice Bureau				4,879
Maidstone District Scout Council				1,700
Maidstone Girlguiding Mid Kent Division				1,600
Maidstone Mencap Charitable	Trust		2,093	5,000
Maidstone Winter Shelter			5,000	5,000

S TO THE FINANCIAL STATEMENTS HE YEAR ENDED 5APRIL 2021
Making A Difference Maidstone Oakwood Park Community Group Rainbow Trust Children's Charity Relate in Kent	5,000 2,500 2,720	5,000 2,000 1,245 2,673
Revitalize Royal British Legion Industries Shepway Chariots Space2BeMe	5,000 (3,000)	5,000 3,000 3,000 5,000
Spadework St Luke's Maidstone Scout Group St Mary's Hunton PCC St Nicholas Church Teenage Cancer Trust The KM Charity Team Vinters Valley Park Trust Wild Times Young Lives Young Farmers	3,000 3,000 5,000 2,050 2,500 12,000	3,500 6,000 12,000 15,900
	149,992	133,130

Statement	Statement	of	funds
Statement		of	funds - current year
			Balance at 6						Gains/	Balance at 5
			April 2020		Income	Expenditure	(Losses)			April 2021
				E	E	F				F
Unrestricted		funds
General	Funds		6,514,613		170,520	(195,552)	1,999,550			8,489,131
Statement		of	funds - prior year
			Balance at						Gainsl	Balance at
			6	April 2079	(ncome E	Expenditure	(Losses)			5 April 2020f
Unrestricted			funds
General	Funds			7,610,692	226,340	(167,478)	(1,	I	54,941)	6,514,613

BALANCE SHEET FOR SIR GARRARD TYRWHITT-DR	KE
		2021		2020
		F		F
ESTATE ACCOUNT - UNRESTRICTED FUNDS		1,883,635		1,513,464
INCOME ACCOUNT
COBTREE CHARITY TRUST LIMITED Balance at 6 April 2020	2, 180 702		1,065 1,115
Share of income Balance at 5 April 2021		2,882		2,180
MAIDSTONE BOROUGH COUNCIL Balance at 5 April 2020 Share of income	43,483 27,351 70,844		41,526 43.453 85,009
			(43,526)
Less: withdrawals Balance at 5 April 2021		27,361		43,483
		1,913,878		1,559,127
REPRESENTED BY:
ESTATE ACCOUNT Investments Investments cash deposits Amount due from Income Account		1,800,268 29,850 53,517		1,416,856 44,929 51,679
INCOME AC CO UN T Amount due to Capital Account Cash at Bank Other Debtors Less: Other Creditors	(53,5'I 7) 86,385 1,700 (4,325)	30,243	(51,679) 99,344 1,700 (3,702)	45,663
		1,913,878		1,559,127