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 W￿9 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 ccrn￿Y ￿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 appIca￿e 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 guN1a￿e 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 estaI￿15hed 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 r￿ard 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.c￿l2021.. 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 exPer￿ed 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$15 in preparing tts fina￿la1
statements.
b. R95erves pollcy
The Trustee5 regularly remew the resENe$ 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
Art￿leS 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 c￿￿8￿£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 Part￿Ular 8tteTht￿n 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 fin8nck*l sbtemenls for each firt#nc491 Under c¢mpany W the
Trus%ees musi not Opprove the financ.'31 $18lem8nlB unless Ihey ar& $a11sfieé Ilibl they give a tr￿e antt lail ol
the slate of 8tt8irs of the Company ayd gf 115 Irttsming resources applic81ion ol resources. Includin9 115
Incorne ?nd expendilure. lor that per￿. In prepaTtng th858 lina￿la1 sialement5, the Tru$lee5 are wuired lo.
8deci sJ51able accourning poliEies and then apply Ih8m con$i$ieniiy,
observe the meihoJs ¥nLS prirtcipbs ￿ tho Char*ie8 SORP IFRS 1021,.
ake judgernenls aNI accounting e$tsmales Ihal are rea$onatyle and prL¥leni.
st8te wh*her aPFlic•ble UK Accounting Siandaids IFRS 1021 have bèèn fontsw*d, subieci to any maiellal
departures oi8closed and explaiii8d the Iinancial slatements.
P￿pare the IlDanc￿l 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<Jrnp8nls 118nsaclion5 and dis¢k>59 wlh ￿aÈon&b￿8 8CCUTaCy ai any tine Ihe financk81 pusrtion of Ihe
Company them lo ansufe IM81 ',he financial statements cotryply wth Ihe Compan￿5 Acl 2006 They
ar0 also respon91bl¢ lor $af&3uarding the asse15 01 Ihe Cornpany antt hence foT lakiFvJ rea8on8Ne slep$ for the
prevenlion and deieclion of ftaud and ¢l*Èr Inegulafilies.
Approved by oraer of the members of Ihe board of Tru$teeB and signed on their beh81f by
S Kiialc
Chairr'gr,
Trusiee
Dale its 2 02 L
Page 5

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$t Llmlted I'the
Company'l
l ￿pOrt Its the charty Trustees on rny ex￿in8￿.￿n of the a¢counts of the Company for the year ended 5 April
2022.
Responsibilities and basis of report
As the TfUStee5 of the Company land its directors for the purpose5 of company lawl you are responsibb for tk
PreParat￿n of the account5 In accordance with the ￿quIreMentS of Ihe Companies Act 20061'the 2006 A¢ri.
Having satisfied myself that ihe a¢¢ount$ 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 cOns￿ered 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
a￿ountS in ac¢ordance with the Financial Reporting Slandard aPpI￿able in the UK and Republic of
Ireland IFRS 10211.
I have no concern5 and have come across no other matters in COnn￿lI0n ￿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
Unrestr￿ted funds
13
13
8,630,843
8,489, 131
Tolal fund$
8,630,843
8.489. t31
Page 8

THE ¢08TPEE CHAPJYY TRUST U￿TED
IA con1p￿Y IloJ*•J tty gw¥rte*l
LANCE &tEEY ICONTtP4UEDI
AS AT 5 APFUL 2022
The Co7Wif enttt￿ t¢ ex•nkwn audIl uniiw sar*ort 477 ofih8 c(m￿nE&S 20C6.
Th• rn•Tthrs h襥 not wuir•o lh• crrtwy audl fef thE yaw in que*ioft IN *ctJrdan2¢ v•th.
S*LTon 475 ol comp8ft￿ ￿., 20f
T4e Titsitrv_ 0ctrtritr￿9e their E$ponsibilftw3 for Cart￿￿r&I wrfh fhe rwwmrnents af ime Act *¢n reswi to
accountw Prepar*￿Tr of f¥wKi• $taFemerns
The finanu* stalernwts h¥st teen pryeé In ￿tya3￿c• IC4 enbbes tu
The financ￿,, stat•Mryt8 were •pprfftd Tru*tw ts*r *".
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 cobl￿e 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 rele￿ant 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 C￿panY 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 f0￿CaSt5 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 suff￿lent money aV￿lable 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 proba￿tr 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 t￿se ir￿urred 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 r￿ed assets and depreclatitsn
The Freehold Land known as Cobtree Manor Eslale wh￿h ￿ 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 CL￿penSatIon at £1 and £25,090
written off.
A review for impairment of a fixed asset is ¢arr*d out if events or changes in Circum$tsr￿es indicate
that the Carr￿Tr9 value of any fixed asset rnay not be recoverable. Shortfa115 be￿￿en the czrrying
value of fixed assets and their recoverable amount$ 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￿ ￿C0￿n￿8ed al th*r
ttansa¢tion cost and subsequently meaSu￿d 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 settl￿ent amount after any trade discount offered.
Prepayments are at thè amount p￿Paid 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
L￿bilItieS 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 sell￿Ment, and the arnounl
of the 5ettlernent can be e51irnated r￿la￿￿.
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 p￿paring 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
manageM￿t 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 exa￿lner 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¢l￿ed 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 ma￿S1One Buough Council.
Accordingty the Trustees considèr il Inappropriate to include the tran$a¢tK)ns ol this FuThd within the main
body of the company'5 T￿nan￿al stalernents. However. the 8alanc* Sheet ol the Fund as at S April 2Q22
has been repr£xJuced on Note 16.
15. Taxatlon
Th8 company 15 exempt frDm corpx)rètion tax on ic$ ¢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