Reglstered number.. 0050020B Charity number.. 208455 THE COBTREE CHARITY TRUST LIMITED (A company Ilmited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
THE COBTREE CHARITY TRUST LIMITED IA company limtt8d by guarantoel CONTENTS Page Rèference and administratlve detalls olthe Companyi its Trustees and advlsers Trustees. pOrt Independent examineVs report statement ot fin6n¢bal activitie$ Balance sheet Notes to the financial statements 10- 18 The folknwng pages do not fomi part of the $lalulory financi4 $tslemenls' 8alance sheet for Sir Garrard Tyn¥hitl.Drake Will Trust 19
THE COBTREE ¢HARITY TRUST LIMITED IA ¢ompany limited by 9uaTanteel REFERENCE AND ADMINISTRATIVE DET AILS OF THE COMPANY, ITS TRUSTEES AND ADWSERS FOR THE YEAR ENDED S APRIL 2022 TNstees S F Knatchbull, Cbairman J. Flelcher Eso. M.A. Icantab.). FCA Ire5igned 19 July 20211 D.T.B W9 Esq. L.J. Martin E$q. S.A. Beck Esq. M Sh8rp M Startup FCA S Jordèn K A Moule (appointed 19 April 20211 C Essex (appointed 24 January 20221 Company registered number 00500208 harlty teglsiered nurnbw 20B455 R8ylster•d offk* Victoria Court 17_21 Ashford Road Maid51one Kent ME14 5DA ompany secretsry Independent exèminer M.H. RKhards Duncan Cochrane-Dyet MHA MaCInty Hudson Chartered Accwntants Victoria Court 17-21 Ashford Road Maid$tone Kent ME14 50A N81KJnal Westminster Bank pk Maidstone BankeTS Soli¢ltvrs Whrtehead Monckton Maidstone Page I
THE ¢OBTREE CHARITY TRUST LIMITED IA company limlted by guardntB81 TRUSTEES, REPORT FOR THEYEAR ENDED SAPRIL 2022 The Trustees present their annual report together with the fin8n¢ial slaternents ol the Cornpany for the 6 April 2C>21 to 5 April 2022. The Annual report seNe5 the purposes of bolh a Trustees. report and a directors, report under cL¥npany law. The Truglees confirm that the Annual report and financial slalemen15 of the chari1*1e company ccrnY ryth the current statutory requirements. the requirements of the charitable companys governing document and the prov1510ns of the Statement of Recommended Practice ISORPI applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard appIcae in the UK and Republic of Ireland IFRS1021 leflective 1 Janu8ry 20191. Sinc& the Company qualKies a5 small under section 382 of the Cornpanies Act 2006, the Strate9ic report required of medium and large companies under the Companies A¢1 2006 (Strategic Report and Llreclots, Report) RegulalKJn6 2013 has b8en ornrtled. Objectlves and a¢tivitie5 a. Pollcles and objectives The principal aclivits'es of the Trust durfrvJ the year have been the svprK)rt of charitable organisations within the Madstone area and development of Cobtree man Estate. The Trustees Confimi that they have referred to the guN1ae contained in the Charity Cotnmission's 9ener81 ouidancè on public benefit when rewewing the Trust's aims and obJeclwe5 and in p18nning future activits'es and setting the grant making ptslKy for the year. b. Grant-makiny poll¢ie$ The Trust has estaI15hed its grant making policy to achieve its objectives for the public benefit. The Trust Makes grants lo Charities and good ¢au5es based on the rnerils of the grant applications received with rard io the aims of the TIu51 and their benefit to Ihe public. Achlev8ments and performance a. Key perforrnance Indicators The financial statement$ show a Surplus for the year of £141,71212021." surplu8 of £1.974.5181. There was an increase in market voluation of investments of £12s.cl2021.. increase of £1.876,8(M)l. and a deficrt of income over expenditure of 130.72112021". £25.0321. The total #icorne of the Trust for the year was £201,757 12021.. £170,520) which represen15 an increase ol £31,237 on the prewous year. The lotsl arn(yJnl exPered at Coblree was £232.478 12021". £195.5521 and charitable donations for the year amounted lo £176,31512021 £149,992). P&Je 2
THE COBTREE CHARITY TRUST LIMITED IA company Ilmlted by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2022 Financial review a. Golng c¢ncgm The Trustees have reviewed the Trust's foreca51s and projactions, and, in particular, have consider8d the ongrxng impact of the COVID-19 pandemic along wrth the current economic dat8 and forecasts Whilst these uncertaintie$ remain the tru$iee$ 3Te confident that the charity will be ats to rern8in operational without ha¥Mg to rnake any signrficanl changes lo their invesltnent or grant strategies. The Trustees have a reasonable expectation that tha Tnjst will have ad¥uate resources to continue in operational existence lor the foreseeable future as wdl a5 having sufficEnt Fnoney available for donation8. The Tru51ees have decthd not to cash in any investrnent5 during this time to provide efnergency fundiro lo charit& in desperate need. The Trust therefore continues to ad(yt the concein ba$15 in preparing tts finala1 statements. b. R95erves pollcy The Trustee5 regularly remew the resENe$ of the Trust. This review encompasses the nature of the major income and expenditure stream$. the need to rnatch incorne and expenditure, and ihe nature of the Trust's reserves. The Trust's principle source of funds 15 the income from the inveslrnent portfolio. Tbe Trustees have concluded that. to en8ble the Trust lo ¢ontlnue to rneet 115 objective5, an unrestricted general reserve $hould be maintained so 85 to enable the underlying inve$tment portfolio lo be mantained in value and income generation in real term5 for the for&seeable future. Additional capital gri)k*th over and above this objeelive would b8 retained within the Trust so as to increase the level of annual disposabie income for future year5. Any donations rnade 2nd any costs relating lo the managment and administrèlion of the Trust $htsuld, as far a5 possible, be funded by the income from the inve8tmenls held by the Twst. No specific measurES to encourage donations are envisiged at this Fnoment in time. The nature of investmenls held will be vieWed as ne¢es5ary, in order that the income stream will cover future exp8ndilur8. Structurej governance ond management . Con5tltutlon The Cobtree Charty Trust Limited is registered as a chafilable company limited by guarantee and the regislered charity number VJ 208455. Page 3
THE COBTREE CHARITY TRUST UMITED IA company Ilmlted by guaranto01 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 6 APRIL 2022 Structu, governance and manayement IGovtinuedl b. Methods of appolntment or electlon of Trustees New Trusteesloirectors are appointed by Ihe existing board at a meèting of the Committee. The Cornmittee shall have power al any lime. and Ir¢Jn time lo tirne, to appoint any person lo be o member of the Committee. either to fill a casual vxancy or as an addilion to the existing members of the Committee, but so that the total number of members of the Committee shall not at any time exceed any maximum number fixed in accordance with the ArtleS of As50Eiation. Any mernbpr 50 •w)Inted shall hold offic? until the next following Annual General Meeting, and shall then be eligible IDr ie-election, bul shall not be taken into account in determining the members of the Committee w) are to tire by rolalion at such meeting. No person who has reached the age of 75 shall be appointed a member of the Committee and an exiqling member of the commrtlee who ha5 reached the age 0175 shall tire al th? next Annu81 General Meeting held by the Trust after Ihey have reached the age of 75. Al every general meeting one third of the member5 01 the committee shall retire ffom office. These shall be those who have tsee the longe51 in ofrice Since their Lq51 election. A retiring member of the committee shall be &i91ble for r&election provided they have not reached the age of 75 year5. The Trust m?y from lime lo time by ordinary resdution increase 01 reduce the nutnber of fflembers of the commrllee. The Tw5t rnay by ordinary re501ution. of which Special nolKe has been given. remove any member of the committee befo the explration of their perthy in office. c. Oryanlsational $tru¢ture and de¢l$ion-making policies The Trustees hold four meeting5 8 year 81 they conduct 8ny business. The day lo day affairs of the Tru51 re dea wrth by the Chairman. The investments are ld in accordance with the Trustee5' powers. In the opinion of the Trustees. the lunds can tneel any future obligats"ons. The Tru$l is also admini51ralor for the Sir Garrard Tyrwhitl-Drak8 Will Trusi, on behalf ol Maidstone Borough Council, details ol which are given in the note5. d. Risk manag8ment The Trustees regu18fly review the major risks which the Trust Tray be exposed lo and in particular those rel3ting lo the operation and finances of the Trust The Tru$lees are satisfied that maintaining the ynreslricted general .re5etv85 al th8 c8£18Ve1 provide sufficient resources lor the loreseeabie fvture. The investments are reviewed frequently by a sub- committee and the s¢ockbrokers advising the Trust. The vestrnents are deemed to be 8 moderate rL%k. Plan$ for future perlod$ The Trustee5 wll detprmine future 9iwng levels after due consideration to any changes in the financial situation ol the trust brought about by the irnpact of the COVID-19 pandemic along with current economic data and forecasts and wll pay PartUlar 8tteThtn to the guid8nce provided by their financial advisors. Page 4
THE CO8TREE CHARITY TRUST LIMITEO
IA ¢ompany Ilmited ty guafanteal
TRVSTEES. REPOR T ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2022
Statement ol TTUStees' ¥osponsibilltl•s
The Tru$ltes Iwho are 3L%o the dirvitrT8 ol the Comp8ny for the purpo8es of company lawl are r88wtsib f
preparing Ihe TTu5tees' report and Ihe IinEnriJl slalemen15 In ac¢or¢ance with applicable and Unila
Xin9dtrM A¢¢ouiting Slandardg Iuniied KiTrgdt)n Gonerylly Acceptett AcctyJnliDg Pffj¢licel
Cfjnpany law requiies the Trustees tp prepare fin8nckl sbtemenls for each firt#nc491 Under c¢mpany W the
Trus%ees musi not Opprove the financ.'31 $18lem8nlB unless Ihey ar& $a11sfieé Ilibl they give a tre antt lail ol
the slate of 8tt8irs of the Company ayd gf 115 Irttsming resources applic81ion ol resources. Includin9 115
Incorne ?nd expendilure. lor that per. In prepaTtng th858 linala1 sialement5, the Tru$lee5 are wuired lo.
8deci sJ51able accourning poliEies and then apply Ih8m con$i$ieniiy,
observe the meihoJs ¥nLS prirtcipbs tho Charie8 SORP IFRS 1021,.
ake judgernenls aNI accounting e$tsmales Ihal are rea$onatyle and prL¥leni.
st8te whher aPFlic•ble UK Accounting Siandaids IFRS 1021 have bèèn fontswd, subieci to any maiellal
departures oi8closed and explaiii8d the Iinancial slatements.
Ppare the IlDancl 5talenienls
he going ctsncern b851$ unless rt is Inappiaprr4lB lo presume thai Ihe
Company will continue ln busines5.
The TrLJStees are Fesponsible for keeping adequate account1ng records that suffvnl to tshow and axplBin
lh¥ C
THE COBTREE CHARITY TRUST LIMITED IA company Ilrnlted by guarant8el INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2022 Independent examiner's report to the Trustees of The Cobtree Chailty TnJ$t Llmlted I'the Company'l l pOrt Its the charty Trustees on rny exin8.n of the a¢counts of the Company for the year ended 5 April 2022. Responsibilities and basis of report As the TfUStee5 of the Company land its directors for the purpose5 of company lawl you are responsibb for tk PreParatn of the account5 In accordance with the quIreMentS of Ihe Companies Act 20061'the 2006 A¢ri. Having satisfied myself that ihe a¢¢ount$ of the Company are not required to be audited under Part 16 of the 2N6 Acl and are eligible for independent examin81ion, I report in respect of my examination of the Companls accoun15 carri8d out under se¢tKJn 145 of the Charities Act 2011 Ilhe 2011 Acl'l. In cartying out my 8xarnnation I have fdlowed the Directions given by the Charity Commission under section 1451Sllbl ol the 2011 Act. Independent exarninerfs statement I have cornpleted my exarninalion. I confifrn that no matter5 have come to my attention in ¢onne¢tion wlh the aminalion giwng me cause to beh"eve. accounting reEord5 were not kgpt in respect of Ihe Company a5 required by section 386 of the 2006 Act,. the accounts do not accord wlh those records.. or the accounts do not comply with the accounting requirements of se¢tion 396 of the 201 Act other than any requirem8nt that the a¢¢ovnls give a 'lrue an¢S fair, view which iq not a rnatter cOnsered as part of an independent examination.. or Ihe accounts have not been prepared In accordance wrth the methods and pnnciples of the Staternent of Recommended Practice lor accounting and reporting by charitie5 lapplicable to charities prepariThJ their aountS in ac¢ordance with the Financial Reporting Slandard aPpIable in the UK and Republic of Ireland IFRS 10211. I have no concern5 and have come across no other matters in COnnlI0n th the examination to which attention should be drawn in this report in order lo enable a proper understsnding of the accounts to be reached. This pOrt is made solely lo the Companys Trustees. as a body, In accordance with Part 4 of the Charitl8S (Accounts and Reports) Regulations 2008. My worfK has been undertaken so that I might stale lo the Compan5ls Trustees those matters l am required to 5tste to thetn in an Independent examiner's report and for no olher purpose. To the fullest extent permilled by law, I do not accept or assume re5ponsiknlily to anyone other than the Company and Companls Trustees a5 a bDdy, lor ffly WO u for this report. SKJn&l.. Dated.. 05 December 2022 Duncan Cochr8ne-Dyet Bsc BFP FCA MHA Maclnlyre Hudson Maidslone United lQngd¢)m Page 6
THE COBTREE CHARITY TRVST LIMITED IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURÈ ACCOUNTI FOR THE YEAR ENDED 5 APRIL 2022 Unrestricted funds 2022 Total funds 2022 Tolal fun¢ts 2027 Note Ineome fiom.. Investments Olher Income 200,870 887 200.870 168,818 1,702 Total Income Expenditure on: Management fees Chaiit8ble activities 201.757 201.757 170,520 41.4SS 191,023 41,455 191.023 32, 131 163.427 Total expèltdlture 232,478 232,478 195,552 Net gains on inveslmenl5 10 172,433 172.433 I,S199,550 Net movement In funds RecoM¢iliation t>f lunds: Total funds brought forwariy Nel movemenl in funds 141,712 141.712 1.974.518 8,489,131 141.712 8A89,131 141,712 6,514,613 1,974,518 Total fund$ carrled forwaril 8.630,B43 8,630,843 8,489, 131 The Statement of financial activities inducles all gains ancs bsses recognised in the curfent and prioi year. Thg notes on pagè5 10 to 18 fomi p8rt of these financial slatornents. Page 7
THE ¢OBTREE CHARITY TRUST LIMITED IA cornpany limited by guarantee) REGISTERED NUMBER: 00500208 BALANCE SHEET AS AT 5 APRIL 2022 2022 202t Note Flxed assets Tangible assets Investments 100 8,366,722 100 4 132.089 10 8,366,822 4 732, 189 Current assets Debtors Investments Cash at bank and n haThJ 11 8.802 63,176 206,819 18.806 126,825 225.315 278,797 370.946 Creditors. amounts falling due wthin one year 12 114,7761 (14.004) Net current assets 264.021 355,942 Totsl net a$$ets 8,630.843 8.489. t31 Charlty lunds Reslri¢led funds Unrestrted funds 13 13 8,630,843 8,489, 131 Tolal fund$ 8,630,843 8.489. t31 Page 8
THE ¢08TPEE CHAPJYY TRUST UTED IA con1pY IloJ•J tty gw¥rtel LANCE &tEEY ICONTtP4UEDI AS AT 5 APFUL 2022 The Co7Wif enttt t¢ ex•nkwn audIl uniiw sarort 477 ofih8 c(mnE&S 20C6. Th• rn•Tthrs h襥 not wuir•o lh• crrtwy audl fef thE yaw in queioft IN ctJrdan2¢ v•th. SLTon 475 ol comp8ft ., 20f T4e Titsitrv_ 0ctrtritr9e their E$ponsibilftw3 for Cartr&I wrfh fhe rwwmrnents af ime Act ¢n reswi to accountw PreparTr of f¥wKi• $taFemerns The finanu stalernwts h¥st teen pryeé In tya3c• IC4 enbbes tu The financ,, stat•Mryt8 were •pprfftd Trutw tsr ". IG 1022 Tho no*5 or P4t9
THE COBTREE CHARrrY TRUST UMITED IA company limited by guarnnteel NOTES TO THE FINANGIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accountlny pollcios 1.1 Basis of preparatlon of lfjnancial statements The financial sla18menls have been prepared In accordance with the Charities SORP IFRS 1021 Accountiry and Reporting by Charbties. Statement of Recommended Practi¢e •pplKatsle to charilles preparing their accounts ID accordance with the FitEancial Reporting Standard applicable in the UK and R8public of Ireland IFRS 1021 leffe¢live 1 January 20191. the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 the Comp8nies Act 20C6. The coble Charity Trust Limited meets the dÈfinilion of a public benefit entity under FRS ID2. Assets and liabilities are initially recogni58d al hi$lorlcal cost or transacti value unless otherwse &laled in the releant 8cGountiro policy. The financial statements are presented in sterling which is the funclenal currency ol the charity and rounded lo the nearest £1. 1.2 Cornpany $tstu$ The charity is a company liMiled by guarante8. The members of the CpanY are the Tru51ees named on pagg 1. In the event of the company being woun¢J up, the liabilty in respect of the guarantee is limrtetl to £1 per member of the company. The address of the registered office 15 Victoria Court. 17.21 Ashford R03d, Maidslone, Kent ME14 5DA. The nature of the charity's operatlOn5 and principal acliwlies ale to support Charitable organisation5 within the Madslone area and development of Ccbtree Manor Estate. 1A Going concern The Tru51ee5 have reviewed the Trust's f0CaSt5 and proj8¢tk)ns. and, In particular, have considered thè ongoing impact of the COVID-19 pandemic along with the current economic data and forecasts. Whilst these uncertainties remain the trustee5 are confident that the chafity will be ab to remain operational wlhout having to make any 6ignifi¢anl chang&s io their investrnent or grant strategies. The Trustees have a reasonab expeclatKJn that the Trust will have adequate resour$ to continue in operational Existence for the foreseeable future as well as having sufflent money aVlable for donations. The Trustees have decided not to cash in any investments during this lime lo provide emergency funding lo charities in desperate need. The Trust therefore continues to adopt the going concem basis in preparing its financial $laiements. 1.4 Income All incorne is recogni5ed on¢e the trust has enlillement to the income, it is probable that the income will be received atvj the amount of income receivable can be measured rdiably. Income tax fecoverabte in latson to investment income is recognised al the tirne the investment Income is receivable. 1.5 Expenditure Expenditure Is recognised once there is a leg31 or constructive obligation to Iransler e¢onomrc benerrt to a Ihi¥d paty, il is probatr that a transfer of economic benefi15 will be required in settlement and the amounl ol the obli9ation can be measured reliably. Page 10
THE COBTREE CHARifY TRUST LIMITED IA ¢ompany Ilmlt8d by gu8f8nteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YÈAR ENDED S APRIL 2022 Accountlng polleip5 IcontFnuedl 1.6 Expendlture Icontinuedl Costs of generating funds are cost5 in¢urwd in attracting voluntary income, 3nd tse irurred in tradlng actsvilies that raise funds. Chari18ble activities and Govemanee costs are eoEts incurred the Irusfs operations and costs relating to the governance. 1.6 Interest recelvable Interest on funds held on deposit is included when receivable 8nd the 2mounl ¢an be measured reliably bythe lrtjst., this Is normalty upon notffjcation of the interest paid payable by Ihe Bank. 1.7 Tangible red assets and depreclatitsn The Freehold Land known as Cobtree Manor Eslale whh subjecl to a 999 year lease to Mapdstone Borough Council has been included at a nominal value of £100. This represents the original cost ol the Fr8ehold of £25,191 kn compulsary purchase CLpenSatIon at £1 and £25,090 written off. A review for impairment of a fixed asset is ¢arrd out if events or changes in Circum$tsres indicate that the CarrTr9 value of any fixed asset rnay not be recoverable. Shortfa115 been the czrrying value of fixed assets and their recoverable amount$ are recognised as impairments. Impairrnenl losses are recognised in the Statement of financi31 activitie$ incorporating income and expenditu a¢count. 1.8 Investments Fixed asset investments are 3 form of Ilnancial inslrntnent and are Initial C0n8ed al thr ttansa¢tion cost and subsequently meaSud al fair value al the Balance sheet date, unless the value cannot be measured liablY in which se rt is measured at cost less impairment. Investment gain5 and losses, whether alIsed or unrealised, are cornbir*d and pr8senterl as 'GainsllLossesl on investments. in the Statement of financial activrties. 1 Debtors Trade and 0lheT debtors a recognised at Ihe settlent amount after any trade discount offered. Prepayments are at thè amount pPaid net of any trade diseounls due. 1.10 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments wrth a short maturty ol three month$ or le$$ from the dale of acquisition or opening of the deposit or simibr account. Page11
THE COBTREE CHARITY TRUST LIMITED IA company limitèd by guarante61 NOTES TO THE FINANCIAL STATEMENTS FOR THE YÉAR ENDED S APRIL2022 Accountlng pollcles Icontinuedl 1.11 Llabllltles and provlslons LbilItieS are recoJni8ed when Ihere is an obkgation 8t the B81ance sheet dats as 8 result of a past event, It is probable that a transfer of ecommic benefit will be required In sellMent, and the arnounl of the 5ettlernent can be e51irnated rla. Liabilities are recognised at the amount that the Company 8nlicipales it wll pay lo settle the dèbt or the atrount il has received as advanced payments for the good$ or 8ervices il musl provide. Provtsions are measured al the besl estimate ol the amounts requir lo settle the obligation. Where the effeel of the litne value of money is rnaterial. the provision is based on the present value of those amounts. discounted 8t the pre-tax discount rale that reflects the risks specific lo the Itabilily. 1.12 Fund a¢counting General funds are unrestri¢led funds which are availabk for use al the discretion of the Twstees in furtherance of the general objectives of the rharily and which have not been desvJnaled for other purFose$. Investment income, gains arKS losses are allo¢aled to the appropriate fund. Crltlul accountin9 e5trmates and areas of judgement No $ignffi¢ant judgemen15 have been made by Iruslees in pparing these financial slalement8 apart Irom those é15clos in note t. Investment ir5come Vnrestricted funds 2022 Total funds 2022 Total runds 2021 InvestmL*t incorne Bank interest 200,848 22 200.848 22 768,723 95 Total 2022 200,870 200,870 168.878 Tot812021 168.878 768,878 Page 12
THE COBTREE CHARITY TRUST LIMITED IA ¢ompany limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 5 APRIL 2022 Othèr Income Unrtstrictsd funds 2022 Total funds 2022 Total l(Jnds 2021 manageMt fee- Will Tiu$t ornpen5alion 687 887 702 Total 2022 887 887 1,702 Tofo12021 1.702 1, 102 Investment management costs Unrestrlcted funds 2022 Total fund$ 2022 Total funds 2027 Investment rn*nagement fee$ 41,455 41,455 32, 131 Tol81202Y 32, 131 32. 131 Analysls of expendlture by actlvlties Activitie$ undertaken directly 2022 Supprjrt ¢osts 2022 Total funds 2022 To181 funds 2021 Charitable actiwitE5 176.315 14.708 191,023 163,421 Total 2021 149,992 13.429 163,421 Page 13
THE COBTREE CHARITY TRUST UMITED IA company 1Smlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2022 AnatySi5 of expendlture by activiues l¢oniinuedl Analysis of direct costs Total fun(ts 2022 Total lunds 2021 Activitie5 2022 Donations 176.315 176.315 149,992 Tota12021 149,992 149,992 The totsl donations of £176,31512021. £149,992) were from un$tACted fL•nds. Anatysls of support costs Total funds 2022 Tolal funds 2021 Aetlvities 2022 A¢counlancy FÈes re. Bookkeeping Independent examinerfs remuneration Secretarial fees Sundry 2,178 3,719 5.000 3.811 2,178 3.719 5,000 3.811 1.839 3,918 2.672 Total 2022 14.708 14.708 73,429 Total 2021 13,429 13.429 The total $upptsrt C05t of £14,70812021.. £13,4291 was from uniestflcted funds. Independent examinerfs remuneration 2022 2021 Fees paydble to the Compantys independent exalner for the independent examination of the Companvs annual accounts 3,719 3.918 Pa9e 14
THE COBTREE GHARITY TRUST UMITED IA company limited by guarantFel NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 Trustees, remuneration and expenses During the year, no Twste¢s received any reTnuneiatKsn or other benefit5 (2021- £NILI. During the year ended 5 April 2022, no Trustee expenses have been irKurred (2021- £NIL). Tangtble fixed •s$8t$ Freehold property C05t or valuatlon At 6 Aprl 2021 100 At 5 April 2022 100 Net bcrf)k value At S April 2022 100 Al 5 Aprf 2021 £100 nominal value reL8les to the 999 year lease to Maidstone Borough Council. Page 15
THE CO8TREE CHARITY TRUST UMITED IA company Ilrnlted by guar8nt8el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 10. Fixed asset investments Listed inve$trnents Cost or Valtsation At 6 Aprril 2021 Additions Disposals Revaluations 8,132,089 1,545,659 11,436,092) 125,066 B.366,722 At 5 April 2022 Net book value 8,366,722 At 5 April 2022 8, 132,089 At 5 Apnl 2021 Investment5 at market value compri5e- 2022 2021 Li51ed investrnents 8,366,722 8, 132.089 8.366.722 8, 132,089 Aji rixed asset investment5 are held in the U During the financial year, gains on investrnent valualitin totslled £125,06612021." £1,876.8001 and gains on disposal of1nvestments toialled £47,36712021." £122.7501. Page 18
THE COBTREE CHARITY TRUST UMITED IA company limited by guarantee) NOTES ro THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 11. Debtors Oue aftei more than one year Othei debtors 2022 2021 7.500 12.50Q Due within one year Other debtors Prepayments and accrued income 7.500 12,500 887 415 2.882 3.424 8,802 18.806 12. Credltors.. Amounts falllng duè wfthin on• year Trade creditor5 Accrua15 and deferred inthne 2022 2021 583 14,193 74,(104 14,776 14,004 13. Statement of fund$ Ststem6nt of funds- eurreni y8ar Balance at 6 April 2021 Unrnstrieted funds General Fund5 Income Expenditure Gains/ Balance at 5 ILossesl Aprll 2022 8,489,131 201,757 {232.4781 172.433 8,630,843 Page17
THE COBTREE CHARITY TRUST UMITED IA Company limlted by guaranteel NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 5 APRIL 2022 13. Statement of funds Icontinuedl staternent ol funds- prloryear 8818nce 81 6Apnl 2020 Gain BalancÉTr ot (Loss8sJ 5 Apit12021 Income Expenditu Unrestricted fund$ General Funds- all funds 6.514.613 170,520 f195.552J 1,999,550 8,489, 131 14. Related party transactions At the balance sheet d81e £88712021 - £2,8821 was due from The Sir Garrard Tyrwhitt-Dr8ke Will Trust and Is In¢led Mrythin other deblor5. A man4ement fee of £88712021 - £7021 was receivable from The SSr Garrard Trywhilt-Drake Will Trust and Is included wthin other operating in¢ome. Following the death of Lady Edna Tyrwhitt-Drake the terrn5 of the agreement between The Cobtree CharSty Trust Llmited and Maidstone Borough Council dated Juty 1971 have become operative. Under this 8greement. the Company ha5 ¢ovenanled the capital and 97/iV/o of the Income of The Sir Garrard Trywhitt-Drake Will Trust lo Maidslone Borough Council to be used for the upkeep 8nd maintenance of Cobtree ManDr Estate. The Company administer$ the Will Tru51 on behalf of maS1One Buough Council. Accordingty the Trustees considèr il Inappropriate to include the tran$a¢tK)ns ol this FuThd within the main body of the company'5 Tnanal stalernents. However. the 8alanc* Sheet ol the Fund as at S April 2Q22 has been repr£xJuced on Note 16. 15. Taxatlon Th8 company 15 exempt frDm corpx)rètion tax on ic$ ¢harilabte actmties. Pa9e18
THE COBTREE CHARITY TRUST LIMITED IA company limlted by guaranteel NOTES ro THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 16. BALANCE SHEET FOR SIR GARRARD TYRWHITf-DRAKE WILL TRUST AT 5 APRIL 2022 2022 2021 EsfATE ACCOVNT. UNRESTRICTEO FLINDS INCOME ACCOUNT COBTREE CHARJTY TRUST LIMITED Balance at 6 April 2021 Share of Income Less." Withdrawals Balan¢8 at S Aprll 2022 1,994,684 1.883.635 2.882 887 2.882 2,180 702 2.862 MAIDSTONE BOROUGH COUNCIL Balance at 6 Aprfl 2021 sha of income 27.3SI 34.596 43,483 27.361 61.957 Les5. withdrawals BalaThce at 5 Aprfl 2022 70.844 27.361 43,483 34.59S 27,361 2,030,1fj7 1,913.878 REPRESENTED BY.. ESTATE ACCOUNT Investments Investments ¢ash deposits Amount duÈ from Incorne Account INCOME ACCOUNT Amount due lo Capit•l Acojunt Cash al Bank Other Debtors Less Other Creditors 1.914.361 18,845 61.478 1,800.268 29.850 53,517 161.4781 101,398 12 4.4491 153.5171 86,385 1,700 ,483 30.243 2,030.167 1.913,876 Page 19