Registered nurnber." 00500208
Charity number- 208455
THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

THE C08TREE CHARITY TRUST LIMITED
IA company limited by guarantee)
CONTENTS
Page
Reference and administrative detsils of the Compony, It$ Tyustees and adviser5
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial ststements
10-18
The following pages do not form part of the statutory financial statements..
Balance sheet for Slr Garrard Tyrwhlttiirake Wlll Trust
19

THE COBTREE CHARITY TRUST LIMITED
IA company Ilmlted by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2023
Trustees
S F Knatchbull, Chaimian
D.T.B. Wigg Esq.
L.J. Martin Esq.
S.A. Beck Esq.
M Sharp
M Startup FCA
S Jordan
K A Moule
M C Essex
Company registered
number
00500208
Charity registered
number
208455
Reglstered offlce
Victoria Court
17-21 Ashford Road
Maidslone
Kent
ME14 5DA
Company seGretsry
M.H. Rithords
Indepondont examiner
Duncan Cochrane-Dyel
MHA
Chartered Accountants
Victoria Court
17-21 Ashford Road
Maidslone
Kent
ME14 5DA
Bankers
National Westminster Bank plc
Ma*dslone
Solicitors
Whitehead Moncklon
Maidslone
Page 1

THE COBTREE CHARI￿ TRUST LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2023
The Trustees present their annual report together with the financial statements of the Company for Ihe 6 April
2022 to 5 April 2023. The Annual report serves the purposes of both a Trustees, report and a directors, report
under company law. The Trustees confirm that the Annual report and financial slaternenls of the charitable
company comply wlh the current statutory requirements, the requirement5 of the charitable companvs
goveming document and the provisions of the Statement of Recommended Practi￿ ISORP} applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republlc of Ireland IFRS102} (effective 1 January 20191.
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by
Seclion 415A of the Companies Act 2006.
Objectlves and activities
a. Pollcles and objeclives
The principal activities of the Trust during the year have been the support of charitable organisations within the
Maidstone area and development of Cobtree Manor Estate.
The Trustees confimi that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and
setting the grant making policy for the year,
b. Grantwmaking policles
The Trust has established its grant making policy to achieve its objectives for the public benefit. The Trust
makes grants to Charities and good causes based on the merits of the grant applications received with regard to
the aims of the TNst and their benefit lo the public.
Achlevements and perfomance
a. Key perforniance indicators
The financial statements show a deficit for the year of £670,674 12022.. surplus of £141.7121. There was a
decrease in market valuation of invoslmenls of £439,19612022'. increase of £125,066), and a deficit of income
over expenditure of £139.071 12022: £30,721).
The total income of the Trust for the year was £172.284 12022.. £201,757) which represents a decrease of
£29,418 on the prewous year.
The total amount expended at Coblree was £311,355 12022= £232,478) and charitable donalKins for the year
amounted to £263,128 {2022.. £176,315).
Page 2

THE COBTREE CHARITY TRUST LIMITED
{A company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2023
Financial review
. Going concern
The Trustees have reviewed the Trust's forecasts and projections along with current economic data and
forecasts. The tNslees are confident that the charity will be able lo remain operational without having to make
any significant changes to their investment or grant strategies.
The Trustees have a reasonable expectation that the Tnjst will have adequate resources trj continue in
operational existen￿ for the fDreseeable future as well as hawng sufficient money available for donations. The
Trustees have decAded not to cash in any investments during this time to provide emergency funding to charities
in desperate need. The Trust therefore continues to adopt the going concem basis in preparing its financial
statements.
b. Reserves policy
The Trustees regularty review the ￿SerVeS of the Trust. This rewew encornpasses the nature of the major
income and expenditure streams, the need lo match income and expenditure, and the nature of the Trust's
reserves. The Trust's prinaple source of funds is the income from the investment portfolio.
The Trustees have concluded that, lo enable the Trust to continue lo meet ils objectives, an unrestricted general
reserve should be maintained so as to enable the undedwng investment portfolio to be maintained in value and
income generation in real lems for the foreseeable future. Additional capitsl growth over and above this
objedive woukl be retained within the Trust so as to increase the level of annual disFX)sable income for future
years. Any donations made and any costs relating to the managment and administration of the Trust should, as
far as possible, be funded by the incorne from the investments held by the Trust. No specrfic measures to
encourage donations are envisiged al this moment in time. The nature of investments held will be revlewed as
necessary, in order that the income stream will cover future expenditure.
Structure, govemance and management
a. Constltutlon
The Cobtree Charity Trust Limited is registered as a charitable company limited by guarantee and the registered
chanly number is 208455.
Page 3

THE CO8TREE CHARITY TRUST LIMITED
(A company limited by guarantee
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED S APRIL 2023
strUC￿re, governance and management Icontinuedl
b. Methods of appointment or electlon of Trustees
New Trusleesloirectors are appointed by the existing board at a meeting of the Cornmittee. The Committee shall
have power al any lime, and from lime to lirne, lo appoint any person to be a mernber of the Committee, either lo
fill a Casual vacancy or as an addition lo the existing members of the Committee, but so that the lotsl number of
members of the Committee shall not at any tirne exceed any maximum number fixed in accordance wth the
Articles of Association. Any member so appointed shall hold office until the nexl following Annual General
Meeting, and shall then be eligible for re*lection. but shall not be taken into account in deteTrnining the members
of the Committee who are lo retire by rotation al such rneeting.
No person who has reached the age of 75 shall be appointed a member of the Committee and an existing
member of the committee who has reached the age of 75 shall retire at the next Annual General Meeting held by
the Trust after they have reached the age of 75.
At every general meeting one third of the members of the committee shall retire from office. These shall be those
who have been the longest in office since their last election. A retiring rnember of the committee shall be eleigible
for re-election prowded they have not reached the age of 75 years. The Trust rnay from lime to time by ordinary
resolution increase or reduce the number of members of the committee.
The Trust may by ordinary resolution. of which special notice has been gNen. remove any member of the
committee before the expiration of their perits￿ in office.
c. Oryanisational structure and decision-making policies
The Trvstees hold four meetings a year at which they conduct any business. The day lo day affairs of the Trust
are tjeall with by the Chaimian. The investments are held in accordance with the Trustees. powers. In the
opinion of the Trustees, the funds can meet any future obligations.
The Trust is also administrator for the Sir Garrard Ty7whitt-Drake Will Trust. on behalf of Maidstone Borough
Counal, details of which are given in the notes.
d. Rlsk management
The Trustees regularty review the major risks which the Trust may be exposed to and in particular those relating
to the operation and fInan￿S of the Tnjst. The Trkjstees are satisfied that maintaining the unrestricted general
reserves at the current level will provide sufficient resources for the foreseeable future.
The investments are reviewed frequenuy by a sub-committee and the stockbrokers advising the Tnjst. The
investments are deemed lo be 8 moderate risk.
Plans for future perlods
The Trustees will detem)ine future giving levels after due consideration to any changes in the financial situation
of the trust along with current economic data and forecasts and will pay particular attention to the guidance
provided by their financial advisors.
Page 4

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantoel
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Statevnent of Tru5tees' responsibilities
The TTUStees (who are also the directors of the Company for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Qngdom Accounling Standards (United Kingdorn Generally Accepted Accounting Pradicel.
Company law require5 the Trustees to prepare financial statements for each financial . Under company law the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the slate of affairs of the Company and of its incoming resources and application of resources, inclijding ils
income and expeneiture, for that period. In preparing these finanrial statements, the Trustees are required lo..
select suitable accounting policies and then apply them consislenlly.,
obseTve the methods and principles of Ihe Charities SORP {FRS 1021.,
make judgements and accounting estimates that are reasonable and prudent..
slate whether applicable UK Accounting Standards {FRS 102) have been followed. subject to any material
departures disdosed and explained in the financial statements,.
p￿pare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the
Company will conlinve in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Companvs transactions and disclose wlh reasonable accuracy al any time the financial position of the
Company and enable them lo ensure that the financial statements cornply wlh the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for tsking reasonable steps for the
prevention and detection of fraud and other irregularilies.
Approved by order of the members of the board of Trustees and signed on their behalf by..
S Knatchbull
Chairman
Date: 16 0£
. Startup
Trustee
Page S

THE C08TREE CHARI￿ TRUST LIMITED
IA ry>rnpany limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2023
Independent examlnerfs report to the Trustees of The Cobtree Charity Trust Limited (Ihe
Company'l
I report to the charity Trustees on ffly examination of the accounts of the Company for the year ended 5 April
2023.
Responslbllltles and ba$1$ of report
As the Trustees of the Company (and ils directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Acl 20061'lhe 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examinallon of the Companls
accounts carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145151(bl of the 2011 Act.
Independent examlner's statement
I have completed my ex8mlnallon. I conflmi that no matters have come lo my attention in connection with the
examination giving me cause lo believe:
accounting records were not kepl in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with th09e records. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fai￿ view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and prinuples of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
This report is m8de solely to the Companls Tnjslees. as a body, in accordan￿ with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Company's
Trustees those mallers l am required lo state lo them in an Independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Company and tye Companys Trustees as a body, for my work or for this report.
Signed..
Dated= 06 November 2023
Duncan Cochrane-Dyel Bsc BFP FCA
MHA
Maidstone
United Kingdom
Page 6

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED S APRIL 2023
Unrestricted
funds
2023
Total
funds
2023
Total
fvnds
2022
Note
Income from:
Investments
Other income
171,504
780
171,504
200.870
887
Total income
Expendllure on:
Managernent fees
Charitable activities
172,284
172,284
201.757
36,100
275.255
36.100
275,255
41,455
191,023
Total expenditure
311,355
311.35S
232.478
Net {lossesygains on investments
10
{531,603)
(531.603)
1 T2,433
Net movement in funds
Reconciliation of funds:
Totsl funds brought foNard
Net rnovement in funds
1670,6741
{670,674)
141, 712
8,630,843
1670,6741
8.630.843
{670.674)
8,489, 131
141. 712
Total funds carrled forward
7.960,169
7,960.169
8,630,843
The Statement of financial activities includes all gains and10sges recognised in the current and prior year.
The notes on pages 10 10 18 form part of these financial statements.
P8ge 7

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
REGISTERED NUMBER: 00500208
BALANCE SHEET
AS AT 5 APRIL 2023
2023
2022
Note
Fixed assets
100
7.567.340
100
8.366, 722
Tan9ible assets
Investmenls
10
7,567,440
8,366,822
Current assets
Debtors
Investments
Cash at bank and in hand
11
10,527
101.347
294,655
8,802
63.176
206,819
406.529
278.797
Creditors.. amounts falling due within one
year
12
(13.8001
(14,776)
264,021
Net current as¥ets
392,729
7.960,169
8.630,843
Total net assets
Charlty funds
Restricted funds
Unrestricted funds
13
8,630,843
13
7,960,169
Total funds
7.960,169
8,630.843
Page 8

THE COBTREE CHARITY TRUST LIMITED
{A company limited by guarantee)
BALANCE SHEET (CONTINUED)
AS AT S APRIL 2023
The Company was entitled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordan￿ with
section 476 of Companies Act 2006.
The Tnjstees acknowledge their responsibilities for complying the requirements of the Act with respect to
accounting records and preparation of financial slatemenls.
The financial statements have been prepared in accordance with the provisions applicable to enlities subject to
the small companies regime.
The financial ststernent$ were approved and authorised for issue by the Trustees and signed on their behalf by..
Startup FCA
S Knat
bull, Chaimian
Date: l& 2wzl
The notes on pages 10 to 18 form part of these financial statements.
Page 9

THE COBTREE CHARITY TRUST LIMITED
(A company lirnited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2023
Accounting pollcles
1.1 Basis of preparation of financial ststements
The financial statements have been prepared in accordance wth the Charities SORP IFRS 102) -
Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK ané Republic of Ireland IFRS 102 Section 1A) and the Companies Act 2006.
The Cobtree Charity Trust Limited meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are inilialty recognised al historical cost or Irans8clion value unless otherwise
stated in the relevant accounting policy.
The financial statements are presented in sterling which is the functional currency of the charity and
rounded lo the nearest £1.
1.2 Company status
The charity is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the company being wound up, Ihe liability in respect of the
guarantee is limited to £1 per member of the company.
The 8ddress of the Tegistered office is Victoria Court, 17-21 Ashford Road. Maidslone, Kent ME14
5DA. The nature of the charills operations and principal activities are to support charitable
organisalions the Maidslone area and development of Cobtree Manor Estate.
1.3 Golng concern
The Trustees have reviewed the Trust's forecasts and projections along with the current economic
data and forecasts. Whilst these uncertainties remain the Iruslees are confident that the charity will
be able lo remain operational without having to make any significant changes to their investment or
grant slralegies.
The Trustees have a reasonable expectation that the Trust will have adequate resources to continue
in operation81 existence for the foreseeable future as well as having sufficient money available for
donations. The Trustees have decided not to cash in any investments during this time lo provide
emergency funding to charities in desperate need. The Trust therefore continues to adopt the going
Concern basis In preparing financial statements.
1 A Intome
All income is recognised once the trust has entitlement to the income, it is probable that the income
will be received and the amount of income re￿Ivable can be measured reliably.
Income lax recoverable in relation to investment income is recognised at the lime the investment
income is re￿1Vable.
1.5 Expendlture
Expenditure is recognised once Ihere is a legal or constructive obligation to transfer economic benefit
to a third party, il is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Page 10

THE COBTREE CHARITY TRUST LIMITED
IA Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Accounting policies (continued)
1.5 Expenditure (continued)
Costs of generating funds are costs incurred in attracting volLEntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the Irusl's operations and costs
relating lo the govemance.
1.6 Interest recelvable
Interest on funds held on deposit is in¢luded when receivable and the amount can be measured
reliably by the trust., this is normally upon notification of the inleresl paid or payable by the Bank.
1.7 Tangible fixed assets and depreGiation
The Freehold Land known as Cobtree Manor Estate which is subject to a 999 year lease to
Maidstone Borough Council has been included al a nominal value of £100. This represents the
original cost of the Freehold of £25,191 less compulsary purchase compensation at £1 and £25,090
wrillen off.
A review for impaim)ent of a fixed asset is carried out if events or change5 in circumstances indicate
that the carrying value of fixed 3ssel may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable arnounts are recognised as impairments. Impairment
losses are recognised in the S&tement of financial activities incorporating income and expenditure
account.
1.8 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured al fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case il is measured at cost less impairment. Investment gains
and k￿se5, whether realised or unrealised. are combined and presented as 'Gainsl{Lossesl on
investments, in the Slaternent of financial activities.
1.9 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
1.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page11

THE COBTREE CHARITY TRUST LIMITED
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Accounting policies {continued)
1.11 Llabllltlgs and provlsions
Liabilities are recognised when there is an obligation al the Balan￿ sheet date as a resuS1 of a past
event, il is probable that a transfer of economic benefit will be required in setuement. and the amount
of the settlement can be eslimaled reliably.
Liabilities are recognised at the amount Ihat the Company anticipates it will pay lo settle the debt or
the amount it has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required to selde the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts. discounted at the pre-tax discount rale that reflects the risks specific lo the liability-
1.12 Fund accounting
General funds are unrestricted funds whith are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Crltlcal accountSng estlmate5 and area5 of Judgement
No estirnates or judgement5 have been made by management in preparing these financial statements.
Investment income
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Investment income
170.567
937
170.567
937
200,848
22
Bank interest
Total 2023
171,504
171.504
200,870
Total 2022
200.870
200.870
Page 12

THE COBTREE CHARITY TRUST LIMITED
{A cornpany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Other inGofne
Unrestricte
funds
2023
Totsl
funds
2023
Total
fijnds
2022
Management fee- Will Trust
780
780
887
Tolal 2022
887
887
Investment management costs
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Investment marlagemenl fees
36,100
36,100
41.455
Total 2022
41,455
41,455
Analysls of expendlture by actlvltles
Actlvltles
underiaken
dlrectly
2023
Support
costs
2023
Total
funds
2023
Total
fvnds
2022
Chari18ble acliwlies
263,128
12,127
275.255
191,023
Total 2022
176,315
14.708
191,023
Page 13

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Analysis of expenditure by actlvltles {contlnued}
Analysis of direGt Gosts
Total
funds
2023
Total
fiinds
2022
Activities
2023
Donations
263,128
263.128
176,315
Total 2022
176,315
176,315
The total donations of £263,128 {2022.. £176,315) were from unrestricted funds.
Analysis of support costs
Total
funds
2023
Total
funds
2022
Activities
2023
AGcounlancy Fees re. Bookkeeping
Independent examinels remuneration
Secretarial fees
Sundry
1.781
4.497
5,000
849
1.781
4,497
5,000
2,178
3, 719
5.000
3,811
Total 2023
12.127
12,127
14,708
Total 2022
14.708
14,708
The total support cost of £12.12712022: £14,708) was from unrestricted ftjnds.
Independent examIne￿$ remuner#tlon
2023
2022
Fee5 payable lo the Cornpanls independent exarniner for the independent
examination of the Company's annual accounts
4.497
3,719
Page 14

THE CO8TREE CHARITY TRUST LIMITED
{A company limitod by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Trustees. remuneration and expense$
During the year, no Truslees received any remuneration or other benefits (2022- £NIL).
During the year ended 5 April 2023, no Trustee expenses have been incurred {2022- £NIL)-
Tangible fixed assets
Freehold
property
Cost or valuatlon
Al 6 April 2022
100
Al 5 April 2023
100
Net book value
Al 5 April 2023
100
At S Apnl 2022
l(
£100 nominal value relates to the 999 year lease to Maidslone Borough Council.
Page 15

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2023
10.
Flxed asset Investments
Llsted
Unllsted
investrnents Investments
Total
Cost or valuation
Al 6 April 2022
Additions
Disposals
Revaluations
8,286,722
724.610
11.084.796)
(439,196)
80,000
,366.722
724,610
(1,084.7961
{439.196)
At 5 April 2023
7.487.340
80,000
7,567.340
Net book value
At 5 April 2023
7,487.340
80.000
7,567.340
At 5 Apnl 2022
8,286, 722
80,000
8,366, 722
Investments at market value comprlse:
2023
2022
Fixed asset investments
7,567,340
8.366, 722
7.567.340
8,366, 722
All fixed asset investments are held in the UK.
During the financial year. losses on investment valuation lotalled £439,196 12022.. £125,066 gains) and
I0￿e$ on disposal of investments totalled £92,40712022.. £47,367 gainsl-
Page 16

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarant¢el
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2023
11. Debtors
2023
2022
Due after more than one year
Other debtors
7.500
7,5(X]
7,500
7,500
Due within one year
Other debtors
Prepayments and accrued income
2,554
473
887
415
10.527
8,802
12. Creditors: Amounts falling due within one year
2023
2022
Trade creditors
Accruals and defe￿ed incorne
583
13,800
14.193
13.800
14,776
13. Statement of funds
Statement of funds - cuwrent year
Balance at 6
AprS12022
Galnsl Balance at 5
{Lossesl Aprll 2023
Income Expenditure
Unrestrlcted funds
General Funds
8,630,843
172,284
{311,3551 1531,6031
7,960,169
Page 17

THE COBTREE CHARITY TRUST LIMITED
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
13. Ststement of funds l¢ontinuedl
Statement of funds - prior year
Balance at
6 Apnl 2021
Gains/
Balance al
(Losses) 5 April 2022
Income Exp6ndilure
Unrestricted lunds
General Funds
8,489,131
201,757
(232.478)
IT2,433
8,630,843
14.
Related party transactions
Al the balance sheet date £2.55412022 - £887} was due from The Sir Garrard Tyrwhill-Drake Will Trust
and is included within other debtors.
A management fee of £78012022 - £8871 was receivable from The Sir Garrard Trywhitt-Drake Will Trust
and is included within other operating income.
Following the death of Lady Edna Tyrwhitt-Drake the terms of the agreement between The Cobtree
Charity Trust Limited and Maidstone Borough Council dated July 1971 have become operative. Under
this agreernent, the Charity has covenanted the capital and 97'/2Qh of the income of The Sir Garrard
Twhitt-Drake Will Trust to Maidslone Borough Council to be used for the upkeep and maintenance of
Cobtree Manor Es18te. The Charity administers the Will Trust on behalf of Maidstone Borough Council.
Accordingly the Trustees consider it inappropriate lo include the transactions of this Fund within the main
body of the charitys financial statements. However, the Balance Sheet of the Fund as al 5 April 2023 has
been reproduced on Note 16.
15. Taxatlon
The company is exempt from corporation tsx on its charitable activities.
Page 18

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
16. BALANCE SHEET FOR SIR GARRARD TYR￿￿￿￿￿jRAKE WILL TRUST AT S APRIL 2023
2023
2022
ESTATE ACCOUNT . UNRESTRICTED FUNDS
1.907.315
1,994,684
INCOME ACCOUNT
COBTREE CHARITY TRUST LIMITED
Balancg at 8 Aprll 2022
Share of incoTne
Add.. Deposits
Le55= Withdrawals
2,882
887
780
2,882
Balance Ht 5 April 2023
2,554
887
MAIDSTONE BOROUGH COUNCIL
Balance at 6 April 2022
Share of income
34,596
30,437
27,361
34,596
65.033
61,957
Less= withdr8W8Is
34.596
127,361
Balance at 5 April 2023
30.437
34,596
1,940,306
2,030,167
REPRESENTED BY..
ESTATE ACCOUNT
Investments
Investments cash de[￿Sit$
Amount due from Income Account
1,816,167
21,907
69,241
1,914,361
18,845
61,478
INCOME ACCOUNT
Amounl due to Capital Account
Cash al Bank
Other Debtors
Less: Othei Creditors
169,2411
106,891
161.4781
101,398
12
4,4491
14.6591
32,991
35,483
1,940,306
2,030,167
Page 19