REGISTERED CHARITY NUMBER: 232955 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR KINGS COThAGES TRUST
KINGS COThAGES TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 5t07 Detailed Statement of Financial Activities
KINGS corrAGES TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustee5 present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provistons of the Ststement of Recommended Practice ISORPI 'Accounting and ReportinR by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAIL5 Registered Charity number 232955 Prlncipal address Tees House 95 London Road Bishop's Stortford Hertfordshire CM23 3GW Trustees Ms R Engel Mrs S Gilbey Mr T Prlbul Mrs J Richardson Mr5C Izzard Mrs E Tripp Mr D Noakes Mr5A Bush Independent Examlner Garry M Slark Chartered Certified Accountant Goldings, Sheerin8 Road Old Harlow Essex CM17 OIJ STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by Its governing document, a deed of trust, and constltute5 an unlncorporated charlty. Rlsk management The trustees have a duty to Ident anij review the risks to which the charity is exposed and to ensure appropriate controls are In pla to provlde reasonable assurance agalnst fraud and error. ON BEHALF OF THE BOARD: Date: Mr T Pribul - Trustee Page I
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS TO THE TRUSTEES OF KINGS COThAGES TRUST I report on the accounts for the year ended 31 March 2025 set out t)n pages three to Seven. Respectlve responsibllities of Trustees and Examlner A5 the charity's Trustees, you are responsible for the preparatlon of the accounts In accordan wSth the requirements of the Charities Act 20111'the Att'l. I report Sn re5pert of my examlnatlon of the Tru5t'5 accounts carrfed out under Section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Dirertions given by the CharSty Commission under sertion 14515llbl of the ACL Independent Examlner'$ Statement I have completed my examinatlon. I conflrm that no material matters have come to my attention in connectlon with the exam5natlon. I have no concerns and have come across no other matters in connertion with the examinatlon to whlch attentlon should be drawn In this report in order to enable a proper ynderstèndlng of the accounts to be reached. SSgned ............ .. Tri(Pr Narne... Page 2
KINGS COThAGES TRUST STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Totsl funds 2024 Total funds Unrestricted Restricted funds funds Notes INCOMING RESOURCES Incoming resources from generated funds Maintenance contrlbutions and investment income 102,775 102,775 95,542 RESOURCES EXPENDÉD Costs of generatSn8 funds Costs of generatlng Income 60.868 60,868 45,617 Net IncomInlot8¢Ingj reso(tr¢es avallable for charltable application 41.907 41,907 49,925 Governance costs 21)J 2W NEf INCOMEI(EXPENDITUREI FOR THE YEAR 4L707 41,707 49,725 RECONCILIATION OF FUNDS Ttxal lunds brouBht forward Investments at market value adjustment Restrlcted deferred funds to General fund 330,380 3.951 330,380 3,951 268,124 3,333 9,198 TOTAL FUNDS CARRIED FORWARD 376,038 376,038 330,380 The notes form part of these financial statements Page 3
KINGS COThAGES TRUST BALANCE SHEEr AT 31 MARCH 2025 2025 2024 Total fvnd5 Total fund5 Notes FIXEO ASSETS Tangible assets Investments 39,296 83,549 39,296 79,598 122,845 118.894 CURREfu ASSETS Oebtoys Cash at bank 253,728 216,654 253,728 216,654 CURRENT LIABIUTIES Credltor5 Amounts falling due within one year Deferred income 535 5,168 NEf CURRENT ASSET5 253,193 211,486 ASSETS 376.038 330,380 FUNDS Unrestrlcted funds.. General fund brought forward Sury)lus for the year Release of Restrlcted funds to General fund Restrlcted deferred fund5 to General fund 330,380 45.658 239.432 53,058 28,692 9,198 376,038 330,380 Restricted funds TOTAL FUNDS 376,038 330.380 The financial statements were approved by the Board ofTrustees on ...3.x(¥. D.¢.L.%>.I6 and were slgned on its behalf by: MrT Pribul- Trustee The notes forn) part of these flnanclal statements Page 4
KINGS COThAGES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical c05t convention and in accordance with the Financial Reporting Standard for Smaller Entities leffective January 20151, the Charities Act 1993 and the requirements of the Statement of Recommended Practice. Accounting and Reporting by Charities. Incorning resources All incoming resources are included on the Statement of Financial Activities when the charity 15 legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all cost related to the category. where costs cannot be directly attrlbuted to particular headings they have been allocated to artivities on a basis consistent with the use of resources. Tangible fixed assets Flxed Assets are shown at lower of Cost or Net Realisable Value. Investments Investments are shown at Marketvalue. Taxation The charity is exempt from tax on its charitable actlvities. Fund accounting Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purpose5 Wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particulèr restricted purposes. Z. MAINTENANCE CONTRIBUTIONS AND INVESTMENT INCOME 2025 2024 Maintenance contributions recelved Other investment income Deposit account interest Other Income 94,586 6,039 610 1,539 91,655 1,482 L530 875 102,775 95,542 3. Trustees, REMUNERATION AND BENEFITS There were no Trustees, remunerations or other benefits for the year ended 31 March 2025 norforthe year ended 31 March 2024. Trustee Expenses There were no Trustees, expenses paid for the year ended 31 March 2025 norforthe year ended 31 March 2024. srAFF COSTS 2025 2024 Wages and salaries 6,200 Page 5
KINGS COThAGES TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Freehold Property COST At l April 2024 and 31 March 2025 39.296 NET BI)OK VALUE At 31 March 2025 39,296 At 31 March 2024 39,296 6. PIXED ASSEY INVESTMENTS 2025 83,549 2024 79,598 Other There were no investment assets outslde the UK. Investments were as follows: 2025 2024 M & G Charity Multi A55et Funds: Kin CottaBe5 Accumulation Attount KSn8s Cott?8es General Fund 48,167 35,382 45,041 34,557 83.549 79,598 7. DEBTORS: AMOUNTS FALUNG OUE WITHIPI 014E YEAR 2025 2024 Debtors 8. CREDITORS". AMOUNTS FALUNG DUE WH1N ONE YEAR 2025 2024 Other creditors 535 5.168 Page 6
KINGS COThAGES TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENY IN FUNDS Net movement At 31.3.25 In funds At 1.4.24 Unrestrirted funds General fund Investments at market value {net chan8el 330.380 41.707 3,951 372,087 3,951 TOTAL FUNDS 330,380 45,658 376,038 Net movements in funds. included in the above a as follows: Incomin8 Resources Resources Movement expended in funds Unre5trltted funds General fund 102,775 61,068 41,707 TOTAL FUNDS 102,775 61,068 41.707 PaBe 7
KINGS coAGEs TRUST DETAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOMING RESOURCÉS Malntenance contrlbuilons and Investment Income M?Intenance contributions received Other Investment income Oeposit account interest Other Income 94,586 6,039 610 1,539 91,655 1,482 1,530 875 102,775 95,542 TotBI 5ncomlngresour¢os 102,775 95.542 RESOURCES EXPENOED Costs of 8eneratln8 Income Warden's salary Water Rates Counc51 Tax Insurance Ll8ht & Heat Maintenance and Repairs Secretarial and Professional costs Security costs Sundrie5 6,409 5,604 6.200 5.019 1,237 191 37.553 8,4(KJ 617 858 1.334 29 22,543 9.Cfj6 627 859 60,868 45.617 Governance costs Accountancy 200 200 Totsl re50urce$ expended 61,068 45,817 Net lexpendrturelfincomè 41.707 49.72S This page does not form part of the statutory financial statements Pa8e 8