Charity number: 219033 BUXTON COTTAGES TRUST UNAUDITED GOVERNORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BUXTON coAGEs TRUST CONTENTS Page Refgronco and administrative details of the charity. its governors and advisers Chairman's $tatement Governors. report Independent examiners report Statement of flnanclal actlvltles Balance shMt 10 Note$ to thfr flnan¢ial $tatomonts
BUXTON coAGEs TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Governors Mr M R Copestake Mrs M Howarth Mr M B Hawley Ideeeased 12 November 20241 Mr G M Beeley Reverend M Pop, exqofficio govemor Mr P Cordin. Chairman Mrs P Smith Charity registered number 219033 Accountant Jonathan Wilson Chartered Accountant Cromwell House 68 Wesl Gate Mansfield Nottinghamshire NG18 1RR Bankers HSBC PLC 1 Leeming Street Mansfield Nottinghamshire NG18 1LU Soll¢ltor8 Sha¢klo¢ks LLP Sl Peter's House Bridge Street Mansfield Nottinghamshi NG18 1AL Invostmfrnt advisers Sha¢klo¢ks LLP St Peter's House Bridge House Mansfield Nottinghamshi NG18 1AL Clerk to the govgrnors Manon Vesey St Peterfs House Bridge Street Mansfield Nottinghamshire NG18 1AL
BUXTON coAGEs TRUST CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The chaimian presents his ststement for the year. It has been a very busy year for the Trust wrth the completion of extemal and internal decoration throughout, and some new residents taking us to full ¢xcupanGy. Trustees It is with sadness that I report that one of our longest serving trustees, Michael Hawley, passed away after being valued member of the board for almost 30 years. The Trust continues to look for new board members. Residents We sadly lost a long-standing resident at nearfy 95 years of age., his spouse remains with us. The Trustees have regularfy visited the cottages throughout the year. and the Clerk's assistant also has contact with the residents as and when required. The residents are very happy with the work that has been carried out during the year. One of the cottages remained vacant whilst renovations, decoration and insurance work took place, but new residents joined us in March 2025. Achievements through the year The insurance claim in respect of settlement to some of the cottages was almost completed by March 2025. A tree surgeon was instructed to thin and crown some of our trees. All cottages have been decorated intemally and extemally, and at the same ts'me the Trust look the opportunity to complete other ancillary work. such as replacement of some downpipes. The Trust has signed a new 2-year contract for the supply of gas and has put in place agreed service levels with the gardener. The fi'nal sign-off in respect of the bathrooms twk place following the retention period. Going forward, the Trust has commissioned a report in respect of the condition of the roofs of the cottages. This will allow the Trust to plan and budget for any work over the short to medium temi. Finances The annual accounts shciw that the total funds carried loard at 31st March 2025 are £689520, compared with £735948 the previous year. This is a decrease of only £46428 bearing in mind the significant outgoings during the year. The Trust is looking forward to 8 period of stability before our next signifie8nt projeel. Thanks I wish to lake this opportunity lo thank my fellow Trustees for their help and support during the year 8nd also to Marion Vesey and Amy Spenr of Shacklocks LLP for all their work on behalf of the trust. P Cordin, Chaimian Date". 30 October 2025
BUXTON coAGEs TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The governors present their annual report together with the financial statements of the charity for the year 1 April 2024 to 31 March 2025. The govemors confimi that the annual report and financial statements of the charity comply with the current ststutory requirements, the requirements of the charity's goveming document and the provisions of the Ststemenl of Recommended Practice ISORP), applicable to charities preparing their financial slalemenls in accordance with the Financial Reporting Stsndard FRS 102 (effective 1 January 20151 and updated in 2019. Objectlves and actlvltles . Pollcles and obJectlve8 Aims of the charity.. The aim of the 8uxton Cottages Trust is to provide good quality accommodation al a reasonable price as envisaged by the will of the late Mrs Buxton under which the trust was estsblished. Through offering this facility, the governors aim to provide a life ¢h8nging facility for those who are appointed lo the cottages as they are often people experien¢ing a¢¢ommodation diffi¢ullies whose lives ¢an be much improved by the move lo occupy one of the ttages. In setting objectives and planning for adivities, the govemors have given due consideration to general guidance published by the Charity Commission lating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. b. A¢tlvltlK undortak•n to •¢hl•vo objoctlvos The Charity's main objectives for the year 12024120251: For the year in question the specific objectives of the charity are to maintsin the buildings in good order to provide the best quality accommodation available al reasonable cost from it5 resources in accordance with the main objectives of the charity. It is also an objective of the chanty for the current year lo maintain fvll or near full occupancy levels wherever possible. Should vacancies arise dunng the course of the year, steps will be taken to publicise the vacancy an to fill the vacancy with a suitable candidate with minimum delay. Strategies for achieving objects'ves.. The governors aim to achieve the above objectives as follows.. Maintenance programme.. The governors will use income lo cover the cost of routine maintenance and will engage trusted local tradesmen to cary out this work. Occupancy levels.. The governors will, as usual, instruct the clerk lo take pre-agreed steps to facililale the filling of vacancies with all speed once vacancies have arisen and been reported. A vacancy in cottage 8 arose in October 2022. Given the imminent work to the bathrooms and full decoration in each cottage, il was decided by the Trust that cottage 8 would not be advertised until after the refurbishments were completed. Cottage 8 became occupied on 1 March 2025.
BUXTON coAGEs TRUST GOVERNORS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Objectlves and actlvlties Icontlnued) c. Maln actlvltles undertaken to further the charlty's purposes for the publSc beneflt Objectives of the charty.. The main objective of the charity is to provide accommodation to those in need and who qualify for such accommodation under the terms of the trust. The governors confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives. Achlevements and perfomiance •. Revlow of a¢tlvltloS Occupancy levels.. The governors would set as their preferred benchmark a desire that no dwelling should remain vacant wilhoul the payment of ¢onlribulions for a period in ex¢ess of Ihree months in re$pe¢l of each va¢an¢y unless there are exceptional circumstances arising. Factors within and outside the charitls control which a levant lo the achievement of ils objectives.. The charity has ¢apitsl funds which are invested and the investment performance in respect of those funds will have an influence on capital refvrbishmenl project5 going forward. The income of the charity is sufficient lo meet expenditure of a normal recurring nature. The capitsl projects will be fvnded from lin the mainl capital reserves. Where Improvement lo the dwellings is to be undertaken and where services are purchased by the governors, they have no control over labour arbd material costs and the vanatsons in those c051s that might arise from lime to lime. However, the extent of any such expenditure is well controlled and well planned and therefore it is unlikely that any variations will disrupt the plans of the governors given that a substantial proportion of any of the refurbishment or improvement camed out, lends lo be al the behest of the govemors seeking to improve the conditions of residence rather than to be driven by other extemal events. b. Investment policy and performance The govemors have as their investment objective the generation of income lo meet some of the Irusl's oulgoings. Part of the objective is lo ensure that they can continue lo provide a subsidy lo the residents of the almshouses by having sufficient income to discharge oulgoings lo maintain the level of contribution of the residents at as low a level as possible without having to enforce increases. In addition, the governors also wish to try to achieve some potential growth on the capital lo try lo keep pa with inllalion. The governors see equity-based investments as satisfying their medium lo long temi growth requirements and are mindful of the need lo maintain adequale cash reserves to meet short term needs and lo consider the use of other asset classes (such as fixed interest) from time to time as appropriate, to ensure that they hold a well baland portfolio.
BUXTON coAGEs TRUST GOVERNORS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 FSnanclal revlew . Golng concern After making appropriate enquiries, the govemors have a reasonable expectslion that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further detsils regarding the adopb'on of the going concern basis can be found in the accounting policies. b. Reserves pollcy Reason for holding reserves.. The governors wish lo maintain a level of reserve, whreh is capable of being invested lo generate an income, which will meet some of the outgoings of the Irusl. Part of the objeelive is to ensure th81 they Can Continue to provide a subsidy lo the residents of the almshouses by having sufficient income to discharge oulgoings to maintsin the level of Contributions of the residents at as low a level as possible without having lo enforce in¢rease$. In addition, the govemors also wish to try to achieve some potential growth on the capitsl lo try to keep pace with inflats'on. Level of reserves.. The governors wish lo maintain a level of reserves suffioent lo enable repairs and additions to be carried out to the property and lo give them the potenbal to further the aims of the trust by the addition of fvrther premises or facilities if appropriate. The govemors are also mindftjl that they have no other regular source of income (excluding the contributions towards maintenance and healing by the re51denlsl and that they therefore need to maintain sufficient level of reserves to generate a high enough level of income lo ensure that they are always able lo meet their oulgoings. Designation of re5erves'. Part of the reserves has been designated as a sinking ftjnd for the longer term, for partial or lolal refurbishment in the long term future. The remainder are short to medium term reserves. designed primarily lo generate income lo enable the trust lo continue to have a regular source of income lo meet ils financial obligations an objectives. c. Flnancial highlights The governors report that outgoing resources exceeded incoming resources by £36,783 12024 resour$ exceeded incoming resources by £131,426). outgoing After taking into account the realised and unrealised losses of £9,64512024 the realised and unrealised gains of £39,969). the trust showed a net decrease in funds of £46,428 compared with a nel decrease in funds in 2024 of £91,467. Total funds carried forward at 31 March 2025 amounted to £689,520, 6.3 lower than al 31 March 2024.
BUXTON coAGEs TRUST GOVERNORS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Structure. governance and management Constltutlon 8uxton Cottages Trust is a registered charity, number 219033, and is constituted by the will of Mrs Emily Buxlon which was proved on 27 September 1946. Date of will.. 1 April 1946 The desire to set UP 8 charity lo provide housing for the eldedy was conceived by the late Mr Albert Sorby 8uxton, who died in 1932, and his wife, Emity, who suNived him for fourteen years. In her will Mrs Buxton sel aside certain monies representing a considerable part of the proceeds of the sale of her estate, and enlrusled il to people whom She wished to be known as Ihe govemors of Buxton Cottages, to administer the charity. The monies were left in order that the governors might purchase a plot of land in Mansfield as a site for cottages for the housing of old men and women of the middle ¢las$, of good character, being sIdentS of Mansfield who had resided in Mansfield for not less than ten years. Various legal problems under the will had to be decided before the monies were handed over to the governors, with the result that the first meeting of the govemors was nol held until 27 May 1960. Under her will. Mrs 8uxlon provided that the govemors should comprise the vicars for the lime being of the parishes of Sl Peter. Sl John. St Mark. St Lawrence and the minister of the Old Meeting House. all in Mansfi'eld. Furtherrnore, she named certain other local business and professional people whom she wished lo act as cooplative governors, all of them being well known to her. b. Methods of appolntment or electlon of governors As a preliminary lo appoinlmenl, potential govemors are Identified by the current board of governors and are invited lo allend a business meeting of the govemors lo familiarise themselves with the charity and lo establish whether they would like lo become governors if invited to do so. The clerk 15 also available at those meetings and al other limes to discuss the role of the govemors. their responsibilities and duties and any other issues that might be relevant. Having established that a potential governor may be interested in becoming a full govemor, the current board of governors debate the issue and lif appropTialel issue an invilalion to the potential governor lo attend the next meeting at which time an election will lake place and the candidate infomied whether they have been appointe as a governor. c. Oryanisational structure and decision-making policies The affairs of the trust are administered by a board of unpaid govemors al regular four-monlhly meetings and sub<ommittees are ftom lime lo time appointed lo deal with special circumstan$ as and when they arise. The clerk lo the trustees controls activities on a day lo day basis under delegated authority. The welfare of the residents and the slate of repair of their accommodatson is thereby closely monitored.
BUXTON coAGEs TRUST GOVERNORS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Structure. governance and managemenl Icontlnued d. Polleles adopted for the Inductlon and tralnlng of govemows An induction policy is in place. The govemors employ the seNices of solicitors, investment advisors and accountsnts lo carry out much of the day to day running of the charity and much of the work carried out by the solicitors and investment advisors forms an element of the training in that presentslion papers and other discussion documents are presented to the govemors for discussion. Plans for future perlods The conversion of the cottage bathrooms to shower rooms commenced on 27 July 2023 and were completed by 30 October 2023. This has enabled the Trust to provide more accessible and safer bathing facilities lo the residents living in the cottages. All the cottages were decorated intemally and externally belween May and July 2024. In the next 12 months the Trust will Consider the ¢ondition of the ¢ottage roots and will agree a limelable for pair or repla¢ement ass appropriate. Indopondent ex•mlnfrr The governors recommend that Jonathan Wilson remains in office until fvrther nob'ce. Approved by order of the members of the board of govemors on 30 October 2025 and signed on their behalf by.. Mr P Cordln Chair of Trustees
BUXTON coAGEs TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Indgpondgnt Examiner's Rgport to the Governors of Buxton Cottages Trust I'th8 charity'l I report to the charity governors on my examinab.on of the accounts of the chanty for the year ended 31 March 2025. Responsibilities and Basis of Report As the govemors of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charitses Act 20111.lhe 2011 Act'i. I report in respect of my examination of the charity's accounts carried out under sectson 145 of the 2011 Act and in carrying out my examination I have followed the applble Directs"ons given by the Charity Commission under section 14515llbl of the 2011 Act. Indepondgnt Examiner's Statomfrnt Your attention is drawn lo the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant reguiatsons bul has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accountsng Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the chanty as required by section 130 of the 2011 Act., or the accounts do not accord with those records.. or the accounts do not comply wrth the applicable requirements concerning the form and content of accounts sel out in the Charities IAecounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. This report is made solely lo the charity's govemors. 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 lo the charity's governors those matters l am required lo slate lo them in an independent examiner's 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 charity and the charity's governors as a body, for my work or for this report. Signed.. Jonathan Wilson FCA CTA Dated.. 4 November 2025 Jonathan Wilson Chartered Accountant
BUXTON coAGEs TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Totsl funds 2025 Total funds 2024 Note Income from: Charitable 8eb'vib'e$ Investments 30,754 21.294 30,754 21.294 29,63S 21,514 Total Income 52,048 52,048 51,149 ExpendSture on: Charitable actsvits.es 88.831 88.831 182.585 Total 8xp8ndlturo 88,831 88,831 182,585 Net expendlture before not Ilossesvgalns on Investments (36,7831 19,6451 {36.783} 19,645} 1131,4361 39,9S9 Nel Ilossesllgains on investments Net movement In funds (46,4281 {46,428} 191.4671 ReconcSllatlon of funds". Total funds brought forward Net movement in funds 735.948 (46,4281 735.948 {46,428} 827,415 191,4871 Total funds carrled forward 689.520 689.520 735,948 The Statement of Financial Ath'vibes indudes all gains and losses recognised in the year. The notes on pages 11 to 19 fomi part of these ffinancial statements.
BUXTON coAGEs TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Fixed assets Tangible assets Investments 72,562 617.659 72,562 656.169 690.221 728,731 Current assets Debtors Cash at bank and in hand 10 805 21,445 12,098 22,250 Current Ilabilltigs Creditors.. amounts falling due within one year 11 112,799) 115,0331 N•t curront Ilabllltle8 l a880ts (701 7,217 Total net assets 689.520 735.948 Charity funds Restricted funds Unreslricled funds 13 13 689,520 735,948 689,520 735,948 The financial slalements were approved and authorised for issue by the governors on 30 October 2025 an signed on their behalf by.. Mr P Cordin (Chair of Trusleesl Mrs M Howarth (Trusteel The notes on pages 11 to 19 fomi part of these financial statements.
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities." Statement of Recommended Pr8elice 8pplie8ble to charities preparing their accounts in accordanee wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeelive 1 January 20151, the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the ch8rib.es Ael 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities IA¢¢ounls and Reports) Regulabons 2008 only to the exlenl required lo provide a 'true and fairf view. This departure has involved following the Charities SORP IFRS 1021 published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Ststemenl of Recommended Practice effective from 1 April 2005 which ha$ since been withdrawn. Buxlon Cottages Trust rneels the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogni5ed at historical cost or Iransactson valLse Un5$ otherwise slated in the relevant accounting policy. 1.2 Golng concern Al the dale of signing there is a degree of uncertainty about the economy. the cost of living and the wider geopolitical environment. The govemors continue lo monitor the position closely however they believe the chanty has sufficient reserves lo contsnue al Ils current level of activity subject to ongoing investment perfoimance and therefore contsnue lo adopt the going concern basis. 1.3 Income All income is recognised once the charity has enlillemenl to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation to investment income is recognised al the lime the investment income is receivable. 1.4 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in setuemenl and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. sha costs which contribute to more than one activity and support costs which are not attributable lo a single activity are appO.oned been those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciats'on charges allocated on the portion of the asset's use. Expenditure on charrtable acts'vities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT.
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 1.5 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the governors in fvjrtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted fvnds that have been sel aside by the governors for particular purposes. The aim and use of each de&gnaled fund is set out in the notes lo the financial statements. Investment income, gains and losses are allocated lo the appropriate fund. 1.6 Interest receivablo Interest on fvnds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the insliluts'on with whom the funds are deposited. 1.7 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and sUbseqUenY measured al fair value at the balan 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 statement of financial aclivilies. 1.8 Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their setdement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest methcrtl. 1.9 Freehold property The residents each contributed £355 from April 2024 to November 2024 and £364 from December 2024 to March 2025 each month towards maintenance and heating during the year. These amounts are set by the govemors at their discretion and are induded in the annual income of the trust. The freehold propety is shown in the balance sheet at cost. The buildings were revalued al open market value in January 2023 at £1,316,000. No depreciation is provided on freehold property because, in the opinion of the govemors, the annual depreciation charge and accumulated depreciation are imrnalerial. No depreciabon is provided on freehold land.
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 1.10 Dgbtors 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. 1.11 Cash at bank and in hand Cash al bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the dale of acquisitson or opening of the deposit or similar account. 1.12 Liabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in seluement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised al the amount that the charity anticipates il will pay to settle the debt or the amount il has received as advanced payments for Ihe gocNJs or services il must provide. Provisions are measured at the best estimate of the amounts required to settle 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-tsx discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost. General Inforn)atlon Buxton Cottages Trust is an unincorporated charity. registered in England and Wales, with The Charity Commission, registration number 219033. Income from charftable actlvltles Unrestricted funds 2025 Total funds 2025 Total funds 2024 Residents, contribubons to maintenance Residents, contributions to heating Compensation 10,564 19,890 300 10.564 19,890 300 8,979 20,656 30,754 30.754 29,635 Total 2024 29.635 29,635
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Invostment income UDrgstrictgd funds 2025 Total funds 2025 Total funds 2024 Investment income Bank deposit interest 20.895 399 20.895 399 21,333 181 21.294 21,294 21,514 Total 2024 21.514 21,514 Analysis of expenditure on charitable acllvllles Summary by expense type Unrestrlcted funds 2025 Total 2025 Total 2024 Rates and water Heating - see below Repairs and decorating Insurance Garden expenses Refurbishment of bathrooms Independent examination Legal fees Subscriptions Sundry expenses 6.529 8,198 41.978 3.756 9,780 6,529 8,198 41.978 3,756 9,780 5,617 7,368 10,648 2,648 9.700 124,647 1,794 19,902 147 114 1.920 16,014 432 1,920 16,014 432 224 224 88.831 88,831 182.585 Total 2024 182,585 182,585
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditurg on charitable aclivities Icontinuedl Summary by exponsg typo (continugd) TolalEnergies have been the Trust's prOVer of gas since 1 March 2022. sin that dale TolalEnergies were Including a 20. rating of VAT and have been charging a Climate Change Levy on the invoices. The Trust submitted a Declaration of Use Certificate lo TotalEnergies lo qualify for 5.kn rabng of VAT and lo be exempl from the Climate Change Levy. The Trust was successful and TotalEnergies agreed lo credit all previous invoices, and Invoice again wrth the lower VAT rate and without the Climate Change Levy. Governors. remuneration and expenses During the year, no govemors received any remuneration or other benefits12024 - £NILI. During the year ended 31 March 2025, no govemor expenses have been incurred12024 - £NILI. Staff costs The charity has no employees. Tanglble flxed assets Freehold propgrty Cost or valuatlon Al 1 April 2024 72.562 Al 31 March 2025 72,562 Net book Value Al 31 March 2025 72,562 Al 31 March 2024 72,562
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Fixgd assgt investments Llsted Investments Cost or valuation Al 1 April 2024 Additions Disposals Revaluations 656,169 11,135 {40,342} 19,303) Al 31 March 2025 617,659 Net book Yaluo Al 31 Marth 2025 617,659 Al 31 March 2024 656.169 10. Debtorn 2025 2024 Prepayments and accrued income 944 805 11. Credftors: Amounts falling due wlthin one year 2025 2024 Accrua15 and defeed incorne 12,799 15.033
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Financial instruments 2025 2024 Flnanclal assets Financial assets measured al fair value through income and expendilu 21.44S 2025 2024 Flnanclal Ilabllltles Other finan¢ial liabilities measured at fair value through income and expenditure 12,799 15,033 Financial assets measured al fair value through income and expenditure comprise bank balances Other financial liabilities measured al fair value through income and expenditure comprise creditors and accruals.
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Statement of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Gainsl (Losses) Incomg Expenditure Unrestrlcted funds General Fund 735.948 52.048 {88,831} {9.6451 689.520 Statement of fund$ - prlor y¢ar 8alance at 31 March 2024 Balance at 1 April 2023 Transfers inloul Gainsl (Losses) Income Expenditure Unre8trlcted funds Deslgnatod funds Designated Fund 50.710 1124.6471 73.937 General funds General Fund 776.705 51,149 157,9381 (73,9371 39,969 735,948 Total UnrgStri¢t•d funds 827,415 51.149 1182.585) 39,969 735.948 The designated fund is a sinking fund set up to provide ftjnds for major repairs and refurbishment of the land and buildings.
BUXTON coAGEs TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Analysis of net assets bgtween funds Analysis of net assets between funds - current year Unrestricted fvnds 2025 Total funds 2025 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 72,562 617,659 12,098 112,7991 72.562 617,659 12,098 {12,799) 689,520 689,520 Analys18 of not assets betwegD funds - prlor year Unrestricted fvnds 2024 Total funds 2024 Tangible fixed assets Fixed asset investments 72,562 656,169 22,250 115,0331 72.562 656,169 22,250 115,0331 Current assets Creditors due within one year 735,948 735,948 15. Related party transactions There have been no related party transacbons during the year that require disclosure. 16. Indomnty insurance The charity paid for the insurance premiums to indemnify the govemors from any loss arising from neglect or defaults of the governors and any consequent loss.