Registered number: 00500208
Charlty number.. 208455
THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
CONTENTS
Page
Reterence and administrative details ot the Company, its Irustees and advlsers
Trustees, report
Independent examiner's report
Statement of financlal activitles
Balance sh•8t
Notes to the financial ststements
10-18
The following pag8s do not form part of the statutory financial statements..
Balance sheet for &r Garrard Tyrwhltt-Drake Will Trust
19

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
S F Knatchbull, Chairman
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
F J Davis (appointed 25 January 2023)
Company registered
number
00500208
Charity r6glstered
number
208455
Registered office
Victoria Court
17-21 Ashford Road
Maidslone
Kent
ME14 5DA
Company sècretary
M.H. Richards
Independent examiner
Duncan Cochrane-Dyet
MHA
Victoria Court
17-21 Ashford Road
Maidstone
Kent
ME14 5DA
Bankers
National Westminster Bank plc
Maidstone
Solicitors
Whitehead Monckton
Maidstone
Page 1

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the Company for the 6 April
2023 to 5 April 2024. 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 statements of the charitable
company comply wilh the current statutory requirements, the requirements af the charitable companls
governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo
charities preparing their accoLJnts in accordance with the Financial Reportino Standard applicable in the UK and
Republic of Ireland IFRS1021 (effective 1 January 20191.
In prepanng this report, the Trustees have taken advantage of the small companies exemptions provided by
Section 415A of the Companies Act 2006.
Objectlves and activities
a. Policies and objectives
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 confirm that they have referred lo 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. Grant-maklng policies
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 Trust and their benefit lo the public.
Achlèvements and performance
Key performance Indicators
The financial slal8ments show a gain for the year of £387,28712023'. £670,674 deficit}. There was an increase in
market valuation of investments of £511,593 12023.. £439,196 decrease), and a deficit of income over
expenditure of £154,73712023.' £139.071).
The total income of the Trust for the year was £181,942 12023.. £172,284) which represents an increase of
£9,658 on the previous year.
The totsl amount expended at Cobtree was £336,679 12023.. £311,355) and charitabl8 donations for the year
amounted to £286.02312023.' £263,128)
Page 2

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Achlevements and performance Icontinuedl
Financial review
Golng concern
The TnJstees have reviewed the Trust's forecasts and projections along With current economic data and
forecasts. The trustees are confident that the charity will be abl& lo remain operational without having to make
any significant changes to their investment or grant strategies.
The Trustees have a reasonable expectalian that the Trust will have adequate resources to continue in
operational 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 to provide emergency funding to charities
in desperate need. The Trust therefore continues to adopt the going concern basis in preparing its financial
statements.
b. Reserves pollcy
The Trustees regularly review the reserves of the Trust. This review encompasses the nature of the major
income and expenditure streams, the need to match income and expenditure, and the nature of the Trust's
reserves. The Trust's principle source of funds is the incorme from the investTnent portfolio,
The Trustees have concluded that, to enable the Trust to continue to meet ils objectives, an unrestricted general
reserve should be maintained so as lo enable the underlying investment portfolio to be maintained in value and
income oeneration in real terms for the foreseeable future. Additional capital growth over and above this
objective would be retained within the Trust 50 as lo increase the level of annual disposable income for future
years. Any donations made and any costs relating to the managmenl and administration of the Trust should, as
far as possible, be funded by the income from the investments held by the Trust, No specific measures to
encourage donations are envisiged at this moment in time. The nature of investments held will be reviewed as
necessary, in order that the income stream will cover future expenditure.
Structurè, governance and management
Constitution
The Cobtree Charity Trust Limited is registered as a charitable company limited by guarantee and Ihe registered
charity number is 208455.
Page 3

THE COBTREE CHARITY TRUST LIMITED
IA company Ilmlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Structure, governance and management Icontinuedl
b. Methods of appolntment or electlon of frustees
New TrusteeslDirectors are appointed by the existing board at a meeling of the Committee. The Comrnittee shall
have power at any time, and from time to lime, to appoint any person to be a member of the Committee, either to
fill a casu81 vacancy or as an addition 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 maxirnum nurnber fixed in accordance with the
Articles of Association. Any member so appointed shall hold office until the next following Annual General
Meeting, and shall then be eligible for re-election, but shall not be taken into account in determining the members
of the CoTnmittee who are lo retire by rolalion at such meeting.
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 Annua5 General Meeting held by
the Trust after they have reached the age of 75.
At every general meeting one third of the mernbers of the cornmitlee shall retire from office. These shall be those
who have been the longest in office since their last election. A rpliring member of the committee sha11 be e1eigible
for re-election provided they have not reached the age of 75 years. The Trust may from time to lime 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 given, remove any rnember of the
commiltee before the expiration of their period in office.
Organisational structure and declslon-maklng policiès
The Trustees hold four meetings a year at which they conduct any business. The day to day affairs of the Trust
are dealt with by the Chairman. 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 Tyrnhitt-Drak6 Will Trust, on behalf of Maidstone Borough
Council, details of which are given in the notes.
d. Rlsk management
The Trustees regularly review the major risks which the Trust may be exposed to and in particular those relating
to the operation and finances of the Trust. The Trustees are satisfied that maintaining the unrestricted general
reserves at the current level will provide sufficient resources the fores*9e8ble future.
The investments are reviewed frequently by a sub-committee and the stockbrokers advising the Trust. The
investments are deemed to be a moderate risk.
Plans for future periods
The Trustees will determine future giving levels after due consideration lo 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 guarantee}
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Statement of Trustees, responsibilities
The Trustees {who are also the directors of the Company for the purposes Df campany lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial slalements for each financial Under company law, the
Trustees Inust not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Company and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgerllents and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The Trust8es are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose with reasonable accuracy at any lime the financial posilion of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
S Knatchbull
Chairman
Date..
M. Startup
Trustee
Page 5

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Independent examiner's report to the Trustees of The Cobtree Charity Trust Limited ('the
Company'l
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 5 April
2024.
Responsibilities and basis of report
As the Trustees of the Company (and its d%rectoYs fo¥ the wrpo6e6 d cofiipany law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companie5 Act 2006 {'Ihe 2006 Act'l.
Having satisfied myself that the 8ccounts 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 examination of the Companys
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 14515llbl of the 2011 Act.
Independent examlner's statement
have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records., or
the accounls do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared ￿n accordance with the methods and principles of the Slatem&nt of
Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 10211.
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 lo enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008 My work has been undertaken so that I might state to the Company's
Trustees those matters l am required to slate to them in an Independent examiner's report and for no other
purpose. To the fullest extent permitted by law, I do nol accept or assume responsibility to anyone other than the
Company and
he Company's Trustees as a body, for my work or for this report.
Signed:
Dated.. 05 November 2024
Duncan Cochrane-Dyei 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 ACCOUNTI
FOR THE YEAR ENDED 5 APRIL 2024
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Investmenls
Other incorne
181,102
840
181,102
840
171,504
780
Total income
181,942
181,942
172,284
Expendlture on:
Management fees
Charitable activities
37,054
299,625
37,054
299,625
36,100
275,255
Total expenditure
336,679
336.679
371,355
Net expenditure before net gainslllosses) on
investments
Nel gainslllosses) on investments
1154,7371
542,024
1154,737)
542,024
(139,071)
(537,603)
10
Net movement in funds
387,287
387,287
(670, 674)
Reconclliation of funds:
Total funds brought forward
Net movement in funds
7,960,169
387.287
7,960,169
387,287
8, 630, 843
(670, 674)
Total funds carried forward
13
8,347,456
8,347.456
7,960, 169
The Statement of financial activities includes all gains and losses recognised in the current and prior year.
The notes on pages 10 to 18 form part of these financial statements.
Page 7

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: 00500208
BALANCE SHEET
AS AI 5 APRIL 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
100
100
7,567,340
10
8,111,288
8,111,388
7,567,440
Current assets
Deblors
2,030
168,278
80,580
10,527
101,347
294, S55
Investments
Cash at bank and in hand
250,888
406,529
Creditors.. amounts falling due within one
year
12
114,8201
(13,800)
Net current assets
236,068
392, 729
Total net assets
8,347,456
7,960, 169
Charity funds
Restricted funds
13
Unrestricted funds
13
8,347,456
7,960, 169
Total funds
8,347,456
7,960, 169
Page 8

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
REGISTERED NUMBER., 00500208
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024
The Company was entitled to exemption from audit under section 477 ofthe Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Truslees acknO￿edge their responsibililies lor complying with ihe requirements of the Acl with respecl lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable lo entities subject to
the small companies regime.
The financial statements were approvèd and aulhorised for issue by the Trustees and signed on their behalf by..
M Startup FCA
S Knatc
11, Chalrman
The notes on pages 10 ta 18 form part of these financial statements.
Page 9

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice app1￿cable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 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 initially recognised at historical cost or trangaclion value unless Othe￿ISe
stated in the relevant accounting policy.
The financial statements are presented in sterling which is the functional currency of the charity and
rounded to the nearest £1.
1.2 Company status
The charity is a company limited by guarantee. The rnembers of the company are the Trustees
named on page 1. In the event of the company being wound up, the liability in respect of the
guarantee is limited to £1 per member of the company.
The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent ME14
5DA. The nature of the charity's operations and principal activities are to support charitable
organisations within the Maidstone area and development of Cobtree Manor Estate.
1.3 Going concern
The Trustees have reviewed the Trust's forecasts and projections alang with the current economic
data and forecasts. Whilst these uncertainties remain the trustees are confident that the charity will
be able to remain operational without having to make any significant changes lo their investment or
grant strategies.
The Trustees have a reasonable expectation that the Trust will have adequate resources to continue
in operational 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 therefDre continues to adopt the going
concern basis in preparing its financial statements.
1.4 Income
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 receivable Gan be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investmènt
income is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be rneasured reliably.
Page 10

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies Icontlnued)
1.5 Expendlture Icontlnuedl
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the trust's operations and costs
relating to the governance.
1.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by th8 trust., this is normally upon notification of the interest paid ar payable by the Bank.
1.7 Tangible fixed assets and depreclatlon
The Freehold Land known as Cobtree Manor Estate which is subject to a 999 year lease to
Maidstone Borough Council has been included at a nominal value of £100. This represents the
original cost of the Freehold of £25,191 less compuls8ry purchase compensation at £1 and £25,090
written off.
A review for impairment of 8 fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls bel￿een the carrwng
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Statement 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 al the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on
investments, in the Slalement of financial activities.
1.9 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net 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
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng policles (contlnuedl
1.11 Llabllltles and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a resull of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount It has received as advanced pa￿nentS for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability.
1.12 Fund accountlng
General funds are unrestricted funds which 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.
Critical accounting estimates and areas of judgement
No estimates or judgements have been made by management in preparing these financial statements.
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income
179,368
1,734
179,368
1,734
170,567
937
Bank interest
Total 2024
181,102
181,102
171.504
Total 2023
171,504
177,504
Page 12

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Other income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Management fee - Will Trust
840
840
780
Total 2023
780
780
Investment management costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment management fees
37,054
37,054
36, 100
Total 2023
30,100
38,100
Analysis of expenditure by activities
Activities
undertaken
dlrectly
2024
Support
costs
Total
funds
2024
Total
funds
2023
2024
Charitable activities
286,023
13,602
299.625
275,255
Total 2023
263,128
12,127
275,255
Page 13

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expenditure by activities (continued)
Analysls of dlrect costs
Total
funds
2024
Total
funds
2023
Activltles
2024
Donations
286,023
286,023
263, 128
Total 2023
263. 128
263, 128
The total donations of £286,02312023.' £263,128) were from unrestricted funds.
Analysis of support costs
Total
funds
2024
Total
funds
2023
Activities
2024
Accountancy Fees re. 8ookkeeping
Independent examiner's remuneration
Secretarial fees
2,011
4,705
6,013
873
2,011
4,705
6,013
873
1,781
4,497
5,000
849
Sundry
Total 2024
13,602
13,602
12,127
Total 2023
12,127
12,127
The total support cost of £13,60212023.' £12,127) was from unrestricted funds.
Independent examinerfs remuneration
2024
2023
Fees payable to the Company's independent examiner for the independent
examination of the Companvs annual accounts
4,705
4,497
Page 14

THE COBTREE CHARITY TRUST LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 5 April 2024, no Trustee expenses have been incurred (2023- £NIL).
Tangible fixed assets
Freehold
property
Cost or valuatlon
At 6 April 2023
100
At 5 April 2024
100
Net book value
At 5 April 2024
100
Al 5 April 2023
loo
£100 nominal value relates to the 999 year lease to Maidstone Borough Council.
Page 15

THE COBTREE CHARITY TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
10.
Fixed asset Investments
Listed
Unlisted
Investments investments
Total
Cost or valuatlon
At 6 April 2023
Additions
7,487,340
1,530,873
11,498,518)
511,593
80,000
7,567,340
1,530,873
11,498,518)
511,593
Disposals
Revaluations
At 5 April 2024
8,031,288
80.000
8,111,288
Net book value
At 5 April 2024
8,031,288
80.000
8,111,288
A15 April 2023
7,487,340
80,000
7,667,340
Investments at market value comprise:
2024
2023
Fixed asset investments
8,111,288
7,567,340
8,111,288
7,567,340
All fixed asset investments are held in the UK.
During the financial year, gains on investment valuation totalled £511,593 12023.. £439,196 losses) and
gains on disposal of investments totalled £30.431 12023.. £92,407 losses).
Page 16

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
11.
DebtOT5
2024
2923
Due after more than one year
Other debtors
7,500
7,500
Due within one year
Other debtors
Prepayments and accrued income
1,620
410
2,554
473
2,030
70,527
12.
Creditor5: Amounts falling due within one year
2024
2023
Accruals and deferred income
14,820
13,800
13.
Statement of funds
Statement of funds - current year
Balance at 6
April 2023
Gainsl Balance at 5
(Losses)
April 2024
Income Expenditure
Unrestricted funds
General Funds
7,960,169
181,942
{336,679)
542,024
8,347,456
Statement of funds - prlor year
Balance at
6 April 2022
Gains/
Balance al
(Losses) 5 Apnl 2023
Income Expenditure
Unrestricted funds
General Funds
8,630, 843
172,284
(311,355)
(531, 603)
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 2024
14. Related party transactions
At the balance sheel date £1,62012023 - £2,554) was due from The Sir Garrard Tyrwhitt-Drake Will Trust
and is included within other debtors.
A management fee of £840 {2023 £7801 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 betwe8n The Cobtree
Charity Trust Limited and Maidstone Barough Council dated July 1971 have become operative. Under
this agreement, the Charity has covenanted the capital and 97'/2°1o of the income of The Sir Garrard
Trywhitt-Drake Will Trust to Maidstone Borough Council to be used for the upkeep and maintenance of
Coblree Manor Estate. The Charity administers the Will Trust on behalf Df Maidstone Borough Council.
Accordingly the Trustees consider it inappropriate to include the transactions of this Fund within the main
body of the charity's financial statements. However, the Balance Sheet of the Fund as at 5 April 2024 has
been reproduced on Note 16.
15.
Taxation
The company is exempt from corporation tax on its Gh8ritable activities.
Page 18

THE COBTREE CHARITY TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
16. BALANCE SHEET FOR SIR GARRARD TYRWHITT-DRAKE WILL TRUST AT 5 APRIL 2024
2024
2023
ESTATE ACCOUNT- UNRESTRICTED FUNDS
2,047,805
1,907,315
INCOME ACCOUNT
COBTREE CHARITY TRUST LIMITED
Balance at 6 April 2023
Share of income
Add.. Deposits
Less.. Withdrawals
2,554
840
887
780
887
1,774
Balance at 5 Aprll 2024
1,620
2,554
MAIDSTONE BOROUGH COUNCIL
Balance at 6 Aprll 2023
Share of incom8
30,437
.754
34,596
30.437
63.191
65,033
Less.. withdrawals
30,437
34,596
Balance at 5 April 2024
32,754
30,437
2,082,179
1,940,306
REPRESENTED BY:
ESTATE ACCOUNT
Investments
Investments cash deposits
Amount due from Income Account
1,959,083
11,569
77,153
1,816,167
21,907
69,241
INCOME ACCOUNT
Amount due to Capit81 Acc£)vnt
Cash al Bank
Other Debtors
Less., Other Creditors
177,1531
116,535
169.2411
106,891
5,008
4,659
34,374
32,991
2,082, 179
1,940,306
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