REGISTERED COMPANY NUMBER: 01897191 IEngland and Wales) REGISTERED CHARITY NUMBER.. 291662 REPORT OF THE TRUSTEES AND FINANCIALSTATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2024 FOR CANTER8URY OASTTRUST Xeinadin Audil Ltd 12 Conqueror Ct Sittin8bourne Kent MEIO 5BH •ADEFB90X• 2411012024 COMPANIES HOUSE A16 235 CANTERBURY OASTTRUST CONTENTS OF THE FINANCiAL STATEMENTS for the Year Ended 31 March 2024 Page CEO and Chairnian's Statement Report of the Trustees 3 to 17 Report ofthe Independent Auditors 18 to 21 Siatement of Financial Activities 22 Balance Sheet 23 Cash Flow Statement 24 Notes to the Cash Flow Statement Note5 to the Financial Statements 26 to 41 Detailed Statement of Finzncizl Activities 42 to 44 rANfERBLIRY OASTTRUST CEOAND CHAIRMAN'S STATEMENT for the Year Ended 31 March 2024 Last year, our focus was on achieving stsbility and making improvements across the Canterbury Oast Trust Icon. For Ihe fin3neial year ending March 2024, we have tantentraied on s1renethenl￿ COT, partiCLrlarly our systems. structures. proce55es. and financial sta￿IrtY. At the tore of these efforts are ihe people we support across the charity. who have been instrumental in driv4ng manv of the changes implemented. We are delighted io share our reviewed Vision. Mission. and Values. all of which were crafted followin8 en8agement events with our stakeholders. Mlsslon: To empower individuality. achieve happiness. and pmwde heh quality in everything we do. Vlslon.. People with learnin8 disabilities Shape an intlusNe sotiety where anythin8 is possible. Value5 and O*havtOVn: Be Courageous o We embrace Challe￿e5 and overcoffle them. o We speak up for what's ri8ht. We show resilience in diffKuli situations. Seek Opportunities o We actively pursue Thew experiences. o We embrace change and adapt quickly. o We prtsadNe￿ tteate oppNtunities. Work Together o We actively collaborate with others. o We communicate openly and transparentty. o We foster a cultufe ofteamwork and respect. These events offered valuable insights. informing our strategy set to launch later in 2024. Our ambitious strategy is based on four important pillars: l. Good is Not Good EnouBh 2. We Do ihe Right Thin8 3. We're ihe Right Size to Thrive 4. We're Environrnental Champions A pivotal moment this year was our brand refresh. We are thrilled to announce that. followin8 a competition, our new logo was designed by Grace. who I￿e$ and leams with us. The new logo aligns with the Rare Breed5 Centre IRBCI colour scheme, reinforcing the unity between R8C and COT. The board made the difficult decision to close The Mariners due to ongoing challenges in managing the building safelv for its residents. This closure was handled with compassion and professionalism. with our Executive Team worklng closely with the residents. their families. and cère maThaKement teams to ensure the best outcomes. We are pleased to share that these moves have been svcctssful. resulting in the openin8 of Ixo new supported living Services in New Romnev. In 2023, followng a tender pr¢xes5. the board commissioned a Governance Review from The Connectives. This intluded a review of our paper-based systems, interyiews with Trustees and the ExeoJtTrve Team. observation of Board Meetin8. and a Feedback Day. The review provided positive Comments and recommendations. which the board 15 currentty actioning to further strengthen our praaices. One signifficant change is the reestablishment of a committee strurture. which began in the 2024n025 finantial year. COT now operates wth threè ctsmmittees= Paee I CANTERBURY OAST TRUST CEO AND CHAIRMAN'S STATEMENT for the Year Ended 31 March 2024 Resource Ilu¥lbty and Rlsk Committee Dan Gower-smith Trevor Pearce julie Read Mkhele Allchin Sophy Aaie¥oet Nominations Committee Ken Hesketh Sophy Haievoet Trevor Pearce Cha5red by Membershlp Karen Blackiston Michaela Tweedley Fiona Ash Sophy Hazevoet Kevin Ergis Another change w35 the dect5ion to move away from a named Company Secretary for COT. Karen 81ackiston resigned from this role, and the ￿sponSibl1111es have been delegated to the CEO. We are pleased to conclude with positNe new5 abwt our irnproved financial position. Despite tontinuing to operate at a deficit. signific3nt improvements have been made. The defitit has reduced by over 65% from the year endin8 March 2023. hi8hli8hted by a 45% improvement in perftsmanet. a gtnertsus legacy donation. and strone investment performance. The deficit in registered care hafved. with IS% redurtion5 in supported livin8 and life skills. Efforts across the charity. includin8 impro¥ed irKome reco¥ery, better staffing and expenditure man38ernenL and Èxplorin8 further 5a¥ings ènd efficienoes, have contrib￿ed to this progress. R8C experienced a 70% perfom)ance improvernent, wtsih increased income and visitor number5 against a maintained cost base, brineing it close to breakeven while absorbing over 20% of cors central ovefheads Page 2 CANTERBURY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 STRATEGIC REPORT A¢hl*v*m*nt aryl perforrnaKe Charitable arti¥ilie5 COT Supported Livin At the end of 2023 COT had capacity to support 37 people %wthin our 9 supported INin8 locations and had 5 vacancies. This meant that for the Majority of 2023 we were supporting 32 individuals atross our supported living seNites. With the decisioyb to reduce occupancy of one service from 4 to 3. due to the small size of the 2 vacant rooms. and the addition ol two new properties our tapatity rose 10 42_ Throughout mgst of 2023 the ts¥o new properties were not marketed due to a strategic decision to hold these until further improvemenis were made io Ouf SUPPOrted living provision. Once COT was in a better place to open two new services. there w35 a delay in gaining approval from KCC to add them their fvamework due to an intemal restructu within the local authority. This delay inadvertently worketl in our favour as we were then able to hold these vacancies for poiential opportunities for people needing to relocate from The Mariners. Upon the closure of The Mariners these two new services opened with lull occupanry. With some other moves within these seThices, this meant we ended the 2023n4 year supportin8 39 people across 11 services with jvst 3 vacancies. As we continue io make improvements across our supported living servi￿5 we expert to fill our remaining vacancies throughout the 2024125 year. We are extremely pleased that we have successfully supported 9 people to move into our supptsrted living services and gain a greaier level of independence this year. This include$ 8 people previously 5UPPOrted in COT residential care services. all of whom are doing well following th￿r transilion5 to supported living. COT Resldentl¥l kfornmodatlo COT continued throughout much of the 2023124 year as it ended the 2022123 year wrth capacity to sttrpport 53 people within 8 registered care services. With S ateornrnodation vacanties this meant we were supportin8 48 people for most of the year. Toward5 the end of 2023. the extremely difficult decision was made to close The Mariners. This was due io it no longer being reasonably practicable to maintain the building to meet modern safety standards as regulatory requirements continLte to increase. During the closure peri*xI. regular meetings were held with families and staff and people we support wefe supported to work with their social work teams to identify suitable and appropriate alternative accommodation. Managing the moves of 10 individuals. while IbaisiTh8 Wrth 5 different local authorities, demonstrates the dedication and cornmitment of the team from The Mariners. While going through this diifitult peri(rtl themselves, the support they delivered was person centred. compassionate and based hrmty on our core values of being ttsurageous. seeking opportunities and working together. Regulatory requirements also meant the redurtton in capaaty of another Service from 8 to 6. This was to accommodate better fife egress rouies from the upper floor. These changes meant we ended 2023124 with capacity to support 41 people across 7 services. Along wth some other moves. we currently have no vacancies within our gistered Ca￿ services. This, alon8 wrth now havin8 re84Stered managers in pLice with CQC acr055 all locations, is a strong position for COT to be in. Having registered managers in place across all Servi￿ ha5 rneant there has been a focu5 on continuous improvement. structures are in place to ensure regvlatory reouirements are met and staff teams have been able io support people to experience a wide range of additional actmties. Several people were supported to attend Festability. an a¢¢e5sible musit festival that we now hope to supp)rt people to attend annually. P*4 CANTER8URY OAST TRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 The trustees who are also d1￿CtOrS of the tharity for the purpjses of the Companies Act 2CK6. present their report with the financial statements of the charity for the year ended 31 March 2024. The trustee5 have adopted the provisions of Accounting and Reportin8 by Charilies.. Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFAS 1021 (effective l January 20191. 08IECTIVES AND ACTIVITIES Purptss* of th• Chaiity Canterbury Oast Tfllst Icon is a charity approaching 40 years of experience of developing and deli¥erw)8 support to people with learning disabilities. Summary of the main adivities The seryices we offer include the following.. Residential Cafe Services Long terrn support with attomrnodation for adults with Itaming disabiltlies provided in homes to meeting individuals physical and emotional needs. Supported Li¥in8 Services Support to individuals in their own homes with their own ienancres. Personal ca￿ support is re8ulated bv the CQC. Life Skills Support to adults with learnin8 di5abilitie5 in a range of 5ki115 developfflent and therapeuti¢ artivit*s. The services are sUPPOrted bythe followsng teams.. People Team IHuman Resource51 Finance Estates and RBC Supporter Engagernent IMarketin& Communications and Fundraisiry) Geo¢raphlul Reach In the operating year. COT was based in Kent and East susse￿ The majority of 5ervice5 provided are Kent based with one residential service based in East Sussex. COT ceased delivering any seryices in Easi sU￿X in April 2024. However. COT work wth a rtumber of cornmissitining authorities who fund individuals Lmrt of the home borough. Public 8¢nefrt The Trustees tonfirm they have given dut consideration io the Chanty CommissM)n's 8uidance and that cors purpose is for public benefit. Pa8e 3 CANTERBURY OAST TRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 People have also been supptyted to access the tommvnity more now they are Éettin£ used to post-covid rtstrictions being lifted. This includes many exciting adventure5 Wlth several people even being supported to steer the ship on a trip down the River Medway aboard the Kin8fisher Markl This is an accessible rNer cruiser. specially adapted to support people with addilion31 needs. Other opportvnities aC￿SSed this year include "Wheel potential. adapted cycltn& and we were excited to be able to support the restarting of 'Unite- NiÈhttlubs ift Ashfoid. Quality Assuran￿ Framework At the end of 2023 a robust qualtty assurance framework was implemented acro55 our accommodation services. This is comprised of monthly self-audits for the lo¢al management teams to carry out. focussing on health and safety, medication. finantes. staff rosterinE and training. A thorough. pers0n-cent￿d medIcat￿n audit has been implemented which 15 carried out every 6 months. An annual. live audit ha5 also been implemented. which is carried out quartedy and focuses on a different toplc each quarter. These èudits are carried out by senior managers an¢J Direttors. The audits are live and provide a summary page so that the completson of actions tan be monltored. COT Life Sklls After a diffitult few years throvghout the pandemit. this year ffinal￿ saw the end of the need lor Life Skills much loved Zoom sessions and the return to a full timetable of in person attivtties. Numbers of ￿udentS slo1￿¥ increased and by the end 012023124 we were 5UPPOrting 133 students169 who live with us and 64 who don*) to access 502 sessions per week across our 8 Life Skills service5. Altsngside a welcorne return to B￿ater norrnality this yeai, Life Skills services have also been exploring Options io reintroduce accredited training. COT have signed a contract with AOA and students will soon be able to work towards certifi￿te$ in a wide range of activities throu8h their Unit Award Scheme IUASI. UAS allows students to e*)gage with learnin8 and have iheii achievements formally reco8nised Whi￿ building up a portfolio of certificate5 to evidence their skills, knowledge and experience. As well as continuing to prowde Life Skills services at Plant5 and Pvoduce. Poulton Wood. The Rare Breeds Centre. includine the Discovery Garden. Art At The Farm. The Andemy. and the Catering Training Kitchen. th¢s year saw t post-covid reiurn of a limiied number of sessions in Retsil within the R8C shop and Catering within the Granary Restaurant. One of the hi8hli8hts of the year however had to be the welcome return of the hi8hty successful and much loved Poulton Wogd Open Day. Staff and ran8ers worked hard io traTh51orffl the wood5 inl0 an even more rnagical place than usual which saw hund￿$ of visrtors havinB a 8reat day out. Another highlight was the'lndia Inspired Fashion SW! Students from Art at The Fafm Spent several months re5earchin& planning and making their outfit5 before taking to the catwalk io show their artisiic talents through the wonderful creations they'd made. Wtth a taste of India being provided by the Lrfe Ski115 trainirtg kitthen. it was a night that will not be fof8otten. COT Ra￿ Breeds Centre The Rare Bfeeds Centre has had a posith¥e year seeing a steady inuease in Visitor numbers. Due to litensing requirements. the difficult decis*Jn was taken to remove the Birds of Prey from the attraction offering in &Jmmer 2023. After more than 20 years wr(h COT and The Rare Breeds Centre. our dedKated Fam) Manager retired. This led to the introduction of a new management structure. Pa8e S CANTERBURY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 With support from Hitrade we welcomed our new accessible irailer to the Rare Breeds Centre. This wès an importani step in our aspiration to make the R8C an accessible attradion. The trailer enables vtheelchair vsers to experience the trartor trailer ride and see areas of tht RBC yte that have previously been inaccessible. A July 2024 enforced c105ure by the UKHU followin8 local E Coli cases wll impact ne￿ financial year results, however the time made available to our staff and COT fully en838ing in the Proce￿ has resulted in kN)Sitive improvements across the site which has improved the customer experience and safety upon reopenin& COT Fundralslng This year our fundraising has been primarityfocu5ed on funding for speofic projects, fulfilling our S￿ goals lor the year and providing excellent stewardshtp to our supporters. Total unrestrirted fvnd5 raised durin8 the reportirlg period were £361,330. Our ie8ul•r giwn& membership and unity lottery budget5 were not rnet. but one-off donations sli8htty exceeded our budget. Two legacies received brought our unrestritted funding total to 373% of bud8ei. In addition. Ouf unbudgeted re5trirted funding was £101,722 making our fundrèisin£ total for the year £463.052. We have many W￿nderful people and organisations to thank fortheir generous contributbons over the year. iegatits We know that ihose who leave a leeacy to COT are showng a deep and personal cgmmitment io the future of COT and so we are especially grateful for the generous legacies received this year in the amount 01£266.916.15. Projecl Funding A huge thanks to our projett hjnders who thi5 year contributed to some important projects and to the quality of life for so many of our 5UPPOrted people. Hltrade funded £58.971 to projects ihis year. from the sale of good5 at their charity shop by hard working volvnteers. Their generous funding has positwety impacted our 511PPOrted people and kickstarted the accessibil￿Y improvements on the farm with their funding of our new accessible trailer. Every year. Hitrade coniributes to the wellbeing of our supported people and to the infrn5tructure of our community- They help us to delNer on the excel￿nt SUPPOrt and service we aspire to. Ken and Debbie Chappell Iwhose 50n is in our accommodation service51 alon8 Wlth their relative jim Gr3harn, have continued their highly successful Problematic Pop Quii fundraisine activtlies. This year. they generated £7.123 bringTrn8 their total lo £49,625 to fund 3 sensory room which is expected tts be completed in 2024. The trio tirelesslv ran pgp quiz fundraisefs at golf clubs and other organisation5 localty. Here is a partial list of the or8anisations thai generously participaied and help to fund this important projert: Mid Kent Golf aub Woodcote Park Golf an5tead Downs Golf Club Bethlem Royal Hospital bowls aub 'New Beccs Hockey Club Shirley Park Bowls Club Bencuriis Park Collyer Bri5tow LL Old Gravesendians Rugby Club Eltham Colleee PTS Pa8e 6 CANTER8URY OAST TRUST REPORT OF THE TRUSTEE5 for the Year Ended 31 March 2024 Frlends of COT, a faniastic, dedicaied group of volunteer5. fflost of whom ave famity membefs of our supported people. have continued their fundraising activities wilh the eoal of providing lite enrbching activities for our supported people including social events, outings. parties and gifts. The total they prowded for this year was É11,859. Regytsr Glvkng Our regular contributors offer a consistency in fvnding that helps u5 Wlth all aspect5 of our charity. with some making major contributions. Thi5 year. a total 0173 individuals. 48 of whom afe famity rnember5 Qf our 5UPPOrted people, contributed £28,486. We are so very gratefvl to the many sUPP¢>rters who keep us in their hearts with re8uLir eivine.. 65 people gave monthty I person gave quarterly I person gave bi-annually 18 gave annually Corporate. Community Groy and Trusts We receive many generou5 donations from corporations. community groups and irusts. sometimes for specific servites and sometimes unrestricted. Here is 3 list of this yearfs fantastic contributors totalling £30,856 in donations.. Rotary aub of Sandwich University of Kent Kin85 Warren School Old Girls, Assotiation Putney 8ridKe Lodge New Romney Meeting Point Great Chart & Godirtton Wl Bencurtis Park Shadoxhurst Chapel The Vallianl Swimming Club Grove End Hov5ing Ltd 81uebell Cemetery & Crematorium N8C Enwronment Crown Prodvcts (Kent) Ltd Conneet25ocièlwork The Pickled Egg Company Hythe Cycling Club Sikocks Farm Shgp Kent County Show The Lofd Ra8lan Find a Volte Romney Tweed Kent County Agricultural Society Rural Payments ABency G O Herbtrt Charitable Trust Savannah Charitable Trust Gilbert Edgar Trust Feather5 Charitable Trust lust Gl¥lng Fundralsers We were so impressed by the siblings of ￿ of our supported people who organised Just Giving fundraisers this year with impressive challenges to raise money for COT= Page 7 CANTERBURY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 Williarn Hanc¢xl the brother ol one of our supported people raised £306 by runnine the 8ath Half Marathon in October 2023. In March 2024 Clare Stubbington, the sister of one of our supported people. raised £700 participating in a harity boxinÉ event. Just Gl¥lnE On*•off Dor￿1￿n5 Many one-off donations were made this year through our Just GNin8 page, including £2,406 in unrestricted donations as well as £62.50 donated to the farm and £272 donated to the academy. COT MèM￿r$hIP Flnally, oui COT members. most of whom are family members of our swported people, also contribute financially to the Trust. Membership dues this year brou8ht in £4.219 in¢ludirvJ eift aid from our 137 members. Impart Summary Oonations ihis year helped to suppwt the continuin8 hi8h quality of care. skills deveknpmenL therapeutic programmes and Independence support we provide to adults with learnine disabilities in our accommodation Se￿1¢eS and our Life Skills day pr¢¥rammes. Funding for projects provided additional life enhancing equipment. artivities and entertainment to tsur amaiing tommunity of supported people. We thank you so much lor your continued support of COT. Future Plans We are excited to initlate some crowd-funding actbvities for farm accessibility projects in the coming year and to be working on developing a recrurtment pack for a new Trusts and Foundations Managev. This new role will be dedicated to developing compelling and innovative propDsals. providing Stewardship to our ongoing supporters and developing new funding opportunities. COT PeO￿e Whilst we have said goodbye to some rtaff we are plèased to have welcomed 76 new staff across the orqanisation during the year including ftexi staff. Our tum¢)ver remains very low compared with the sector average and we ale hoping that there will be more initiatNes to attract and ￿taIn stsff despite the challenges within the settor. The team have been attefidi￿ a number of recruitment event5 and building relationship5 with sthoo15. job centre5 and other ofgani5ations who 5UPPWt people to find employment. We were pleased to have been able to award a salary inuease this year although the cvrrent financial Climate ig a challenge. we are continuin8 ro work with lool authorities to try and increase the intome we reteive to make this poswble. We will be introducing a new HR Mana8ement System which will be rolled out acr055 the or8ant5ation in the financial vear ending March 2025, Ihis will bri08 information to our lin8ertips wth considerable efficiencies in HR processes. Much work has beèn carried out to ersure that robust 5YStems are in place to ensure that we are fully compliant wlth employrnent law and regulations. A full audit of our policies and protedure5 has been undertaken and a project plan has been devekjped to update and introduce new policies to be accompanied wth trainin& dear guidelines and mana8ement toolkils. Page 8 CANTERBURY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 After last year's return to *aCe-t￿face training in COT we afe pleased to have delivered a minimum of 38 cgurses over the last year including the introduction of Oliver McGowan trainine as part of our mandatory training provision. We are currently reviewing our mandatory and service specific trainin8 for the next financial year. We have had great success in staff mernbers completrng their Level 2 ApprentKe5hip in Adult Care.. with 6 people achieving distinttitins and a further 7 completing iheir Care Certificate. COTVolunteerini Encouraging and managin8 volunteer activities remains a crucial aspect of our efforts. Volunteers not only augment our resources and help us achieve our Mission and goa15. bvt they also serve as Vltal ambassadors. promotin8 our work wlthin the broader community- Often, our volunteers becorr* our rn05t Pass￿nate advocate5. With thi5 in mind. our volunteer coordinator diligently focuse5 on relationship management while also expanding our volunteer pool. This year has brought significant successes in these area5. Since April 1st 2023. we have seen a notable increase in the number of indmduals and corporate groups inquiring about volunteering opportunities wth COT. Our volunteer team, including corporate 8roups. 8ifted a elebration-wgrthy total of 6.420 hours for the 2023-24 fi5czI year-a 67% Incre￿ over the Pfevious year. This rise in volunteer participation has resufted in almost complete c¢)verage for Poulton Wood and Art At The Farm life skills programs for the frrst time. The ovefall increase (an be attributed to several fxtors: Key R*¢Yultment.. Sometimes, re¢ruitinB one well-conneded Indi￿dual can lead to mU￿1Ple new volunteers. whith has been the case this year. Exlemal Recruitment Efforts: Our sub5UlPtion to Onty Connect and our new advertisin8 pro8ram on Facebook have vielded positive results in attrattin8 volunteers. Corporate Involvement: Many ttsrporations. still operating primari￿ rem¢xety post-COVID. are seeking opportunities for their staff to meet offline and contribute to a worthy cause. This trend is increasing and is expected to double in the neyt fiscal year. Thi5 year. we had 7 corporate volunteer grtyjps assisting in ¥arious attivities induding accommodation service5 decoratin8, weeding our Lrfe Skills Plants and Prc4Juce areas. conservation work in (wjr woodlands and sprucin8 up on the fami. The 2023-24 fiscal year 3150 marked the first time a youne person volunteered at COT as part of their Duke of Edinburgh Bronze Award. This indtvidual plans tg reiyrn as a regular Volunteer zlong with her rnother. and we have more Duke of Edinburgh ¥olunieers lined up lor ihe next fiscal year. Lookin£ ahead. we are opening up opportunities to dNersrfy how we utilise volunteer time and skills. Environmental and conservation projects are attrartine Éreatei fiumbe￿ and younger wlunteers. Additionally. over this fiscal year, four volunteers transition¥d to become mernber5 of our Ilexible staff. and our CO￿ 8roup of re8ular volunteers, who support U5 day in and day out, has gfown tg 67 rnembefs-a 17.5% increase over last year. COT f￿￿e$ A pro bono Planned Preventative Mainienance IPPMI of the whole estate was carried out. looking at the fabric. electrical and mechanical installations at each building to assess the lile span. and cost maintenance and replacement works over a 10 year period. Pa8e 9 C4NTERBURY OAST TRUST REPORT OF TH£ TRUSTEES for the Year Ended 31 March 2024 Followin6 the closvre of The Mariners. the board reached the deciston to sell the property, arrangements for the sale are underway. Following an updated review of property viability. the de05ion was reached to sell Harrington Cottage. an accommodation that has been empty for a number of years. The property is currently bein8 prepared for sale. After the purchase of 2 properties in New Romney. these were successfvI￿ added to the KCC Supported Living framework and have provided alternaii¥e accommodation for some individuals movin8 Out of The Mariners. A major projett ihat has been successfully cornpleted in thy5 period was the declsion to outsource cors IT provision with a third party contractor. The roll of this has been successful and has resuhed in greater ton51Stency and seturity. Followin8 the iesign3tion ol the Director of Estates and R8C. the strurture of these areas was reviewed and a recommendation from the CEO was supported by the Board to treate a new role responsible for Commercial Operations. The Director of Commercial Operaiions will be joining COT in September 2024. Flnan¢lal revlew Income aMd Expendoiure COT saw 15% income growth for 2024 eompafed to 2023 £7.640.50812022.. £6.609.7361. 3 key area5 were drivers ol this growth.. Circa £228K additional donation5 and legacy receipts. Uplifts achieved from l¢xal authorities however not keeping pace with staff c05t irKreases. £260KI17% income 8rovAh forthe Rare Breeds centre. achieved through increased visitor numbers whilst maintaining spend per head leve15 in the shop and restaurant The gift aid recovery process has also been significantly improved. Expenditure grew by £164,74812%. Si8nifi(ant progress has been made to bring staff hour5 in line with our funfled hours. Our % salary cost to income reduced from I(￿6 in March 2023 to 9)% March 2024. with a target to match our funding 0165% there is further work to be done. Significant change of the management tearn and the centrèl function has been absorbed with a 4% reduction in cost. The c105ure of Mariners and opening of Old Port Place brought signrfKznt unbudgeted c05t. however it Was Positive that many other areas tyJtperformÈd therefore we were able to absorb thi5 and ￿rna1n ahead of our budgeted performance. Overall our deficit reduced by £l.Im/70% on ihe prior year with all area5 Outperforrni￿ budget. Although it is not expect improvements althou8h of smaller Scale to continue through the new year. Cash flow COT had a de(￿ase in cash reserves lor 2024 to the value of £9(P3.454. 70% of this decrease is from operatin artivities. Despite the ongoing deficit chamenges due to rtsin8 interest rates it wa5 agreed commercially correct to settle cof5 only loan in full. alance sheet Net assets fell to £7.740.15112023.. £8.272.4471. largely due to the decrease in funds from operating artivities as detailed previously. Other balance sheet items femained controlled and consistent to previovs years. Page 10 CANTERBURY OASTTRUST REPORT OF THE TRUSTEES fgr the Year Ended 31 March 2024 STrATEGIC REPORT Flnantial review Imiestment policy and obierti¥es The memorandum of Ass¢xiation allows the Trustees to make and hold InVe￿ments usinE monies not required for imrnediate vse. The Trust has very significant investment in property and has a policy in place to guide investing an greed proportion of the cash depostts io impvove investment returns. The Investment Policy was rev*we¢l dvring the year and agreed on cash being made availablt for long term and short tefm investments. cors investrnent with the CCLA wa5 approved ènd currentty at an agreed level. with additional 6 month treasurer investments for any excess over and above our reserves policy. The value of ?n initial investment with the CCLA of £7SO,000 made in 2015 stood at £1,615,766 as at 31 March 2024. The investment objective for the remainder of the Trust's reserves is to ensure they are readily available to meet unanticipated cash Ilow requirements. Reserves policy At 31 March 2024 the charity had total reserves of £7.740.151 12023-. £8.272.4471 which included £5.Im 12023.. £5.3ml represented by tsngible fued assets. £5.948 12023= £62.7621 designated funds and £1,468.057 12023=£1.468.0571 restrided funds. It is the general policy ot COT to appty its income towards charitable objective5 as muth as it reasonably can and hence to avoid accumulatin£ excessive reserves. Where considered appropriate and being mlndful not to overcommit the Charity borrowings are undertaken to fvnd elements of sign￿lCa￿t capithl projects. The poli(v of the Trustees 15 to maintain at least the minimum of cash reserves and working capttal sufficient to meet known development plans. as well as ihe day-to-day needs of the Trvst. whilst retaining a reserve to provide for the long term support of those it 5UPPOrts and to give security to employees_ The Trustees also recognise the risk to income posed by factors outside the organisation's control. such 35 local authority commissioning decisions and funding,. social care policy chan8es- adverse weather at peak visitor time5.. competition from other vi51tor attrattions or the outbreak of toniagious disease. Having considered ihese fartors. the Board of Tru5tee5 reviewed its Reseffts Policy thJring the year and agreed to maintain a target range of beN¥een 4 months and 6 months of operating costs at all times. This timeframe reflects the nature oi cors business as a Social tare provider and the requirement to safeeuard all servsce users by helping them secure svitable alternative acc¢)mmodation in the event th3t the Charity ceased to operate. Goin8 concern The Trustees have considered whether it Is appropriate to prepare the financial statemeAts On the basis that the charity is a Roing concern. The assessment has induded the financial outlook folknwing a year with an operalin8 deficit and net decrease sn cash and cash equivalents. as well as the coniinyed progres5 being made to return COT to surplus position whi15t maintaining CQC standards. As set out in the accounting polic￿5, the assessment includes consideration of anticipated income Iwith secure contracts in place for charitable activrtie5 Wtth the Local Authority) and expenditure commitments for a ptritid of twelve rnonths from the date of approval of these financial statements. The current projertlon for the 202412025 fiscal year is a def￿"t of approximately £70JX excluding legacies, our 3 year forecasts show a return to surplu5 and are being further revlewed in line with the new strategy roll out, the combined result bringing confidence to the recovery and long terrn viability of COT. COT continues to have 5ufficierbt rese￿e5 to absorb the curreni period of deficit. whilsi attwely marketin8 2 vacant properties. Atthough it 15 a desire to reinvest proceeds from these Sale a proportion will be utilised to maintaFn our reserves polity outlined previovsly. The tnJsiees are in agreement ihat this 3 year position is achievable and will strengrhen cors ability to deliver it's charitable objectives. mission and vision. Page 11 CANTERBURY OA5T TRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 STRATEGIC REPORT Looklnl Fonmard Our straie8y is now in its final stages. with adions based on ftyjr important pillats= l. Good is Not Good Enou8h 2. We Do ihe RightThing 3. We're the Aight Size to Thrive 4. We're Environmental Champions As this takes shape it will 8Uitle what the tomin8 years will look like for COT. Year entl Marth 2024 has very much been about ree5tablishinB strong foundations. and this remains our focus into the new year. It 15 expected as we move into 2025 stability in financials and support will very much be imbedded. whtch will enable focus to 5Wltch tg exciting projetts that can intrtase cors impad with ambitions to Itad in our stttor. STRUCTURE. GOVERNANCE AND MANAGEMENT Go¥einln8 d￿￿ment COT is governed by a Memorandum and Artides of A$s￿lat￿)n and is a registered charity, nufflber 291662. Thè tharitable purpose is to provide for the training. Instruct￿n. employment. future livin& occupation. accommodation. sustenance. maintenance and care ot people with a leaming disability. whether or not they have anv oiher disability. At an EGM held in April. the membership supported the prowed special resolut￿ to amend the articles of ass¢xiation at Clause 3 to include 'autism' as a condition of those the Charity is able to support. The application to amend the Memorandum has been submitted to the Chariiy Commission. Pale 12 CANTERBURY OAST TRUST REPORT OF THE TRUSTEES for the Year Ended 31 Marth 2024 STRucllJRE. GOVERNANCE AND MAP4AGEMEiir OrKanlsatlor41 strKture Under the terms of the Articles of Assotiation. the COT is managed by a board of up to eleven TTUStee5 and a maximum of 3 co-opted persons. Each Trustee may serve a maximum of three tems ol three years. The Trustees who served during the yeav are listed on page 16. The boafd of frvstees has responsibility for stfategic de¥e10pff￿nt and for overall governance of COT. Tru51ee Eledion, Indurtton & Training Trustees are elerted or re*lected. as appropriate, by the Votes of Full Members at the AGM. Induclion for Trustees is arranged and co-ordinated on an individual basis. New Trustees spend time with the Chair of Trustees, the Chief Executive and key members of the Senior Manaeement Team. They also visit the Trust's service5 to meet those we support and staff. Trustees are requifed io undenake mandatory training via e-learning and attend any other training events as Identif￿d. The board currently has one vacancy. There is one Trustee coming to the end of their maximum nine*ear tem in October 2024. COT considers the 8oard of Trustees and the Chief Executive a5 their key management ptrsonnel. Salary for the CEO is set annually by the Board of Trustees. taking into aCCOLrnt indNidual performance. proportionality with Salaries across the organisation. market data and the charity's ability to pay. Charity ManaBemefit TheTru5tee5 delegate responsibiliiy for cors executive leadership and mana8ement to the Chief Executive. The Senior Management Team 15 cornprised of= Chief Executive Officer Direttor of Estates and R8C Director of People and Culture Dirertor of Finance threttor of Operations Direttor of Quality and Change Head of Supponer En£aRement Details of people who worked within the Senior Management Team throughout the year can be found on Page 2. COT remains a member of the Kent Inte8rated Care Alliance IKICAI. an independent body to support local eare providers in Kent and VODG, a membership body representin8 or8anisations within the voluntary sector who work alongside disabled people. The membership of these Organisat￿Tr5 has been maximised thiou8hout the year within the management struciures. Governance Throughout the financial year. the board operated wtthout a committee structure in place and increased the frequency of board meetin8s. A new cgmmitlee strurture has been introduced from April 2024. Throughout the year. the followin8 meetings look place 6 8oard Meeting 15petial Board me￿ing Pa8e 13 CANTERBURY OAST TRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 2 Board Away Days 4 Nominations Commtttee Meetings 2 Finance Project Group Meetings Rlsk management COT'S Risk Register has had a lull review and directorate operational risk r¢￿'SterS have been re￿tWe￿ or developed. The principal risks to COTare- Quality of care and support or risk to safety Workforce- difficulties in recnjitment and retention Failuie to achieve financial balance Compliance with re8ulators InfectiOU5 disease Risks are mana8ed through robust policies. procedures and Strategies which are monitored through the charity governance strueiure and maintainin8 of a high level risk register. Comfflunkalio COT has successfijlly implementtd a tomprehensNe communication5 StrateKy over the past year. leading to significant improvement5 in public awareness ol the ABCS connertion to COTand its mission, as well as an enhanced sense of community across the Trvst. Communkatkn Oblertl¥es Forthe past year. our communication effort5 were driven by the followin8 objertives= l. Incorporate the messaae of R8Cs relatimship to COT in all external comms for increased awareness of COT and it5 mission. 2. Enhance the sense of tommuntty and culture acr055 the T￿￿t. 3. Increase participation ol supported people in communications. 4. Increase visitstion to the Rare Breeds Cenire. 5. 800s1 supporter engagement and contribut￿Tr5. 6. Intrease volunteer recruitment. 7. Develop consistency in branding for both R8C and COT ¥thile mainrainin8 separate but related styles across the Page 14 CANTER811RY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 STRUCTURE. GOVERNANCE A14D MANAGEMEiir KeyAthie¥ements Social Media Content.. We continued to increase followers acros5 all Social media platforms. Greater engagement from services staff and larm crew to pro¥Fde content has been highly successful. and supported people are now dirertly approaching our team for their news to be postetl online. News outlets now mention following our social media and known8 olthe connection between COT and RBC. o RBC Facebook viwts this fiscal year (including both paid and organitl increased by Ill% over last year despite spending 94% less on advertisine. RBC Insta8ram pa8e visits thi5 year increased 55.7% over last year. o COT Facebook visits this fiscal year increased by 46.3% over last year Emall Carnpar￿ Success.. Ovr external email campaigns saw a 16% increase in open rate5 over the previou5 year. new internal ernail campaigns resulted in a robust average 71% open raie with a 22% (1￿k through rate. Website Tender.. A kKal web developinB firm has been shortlisted to create our new combined COT and RBC website. This will be a huge move fofward for both COT and R8C communications in 2024. W*b5itÈ Traff* and Enpgtment= Websiie traffic was not reporred in the previous fiscal year. 50 we have no comparison. For this fiscal year our numbers for the Rare Breeds Centre site have been captured in areas su¢h as active users, page and enzagement time. Thi5 give5 3 strong platform for comparison and improvements 8oin8 forward Page 15 CANTERBURY OAST TRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 REFERENCE AND ADMINisfRATIVE O￿All$ Re8lstèrtd Company number 01897198 IEn8land and Walesl Re8ister*d tharity nurnber 291662 Re8istered office Highlands Farm Woodchurch Kent TN26 3RJ Trustees Kenneth Hesketh Sophy Haievoei Trevor Pearce Jane Abbott Peter Pearson-wood Michaela Tweedley Karen Blackisttsn Michele Allchin Kevin Ergi5 Esmee Russell Fiona Ash Dan Gower-smith Julie Read Chèimian Vice Chair Lead for Care and Quality Lead for Ra￿ Breeds Centre Lead for Estates Lead for Finance Resyd 30"April 2024 Retir￿ 14" Otto￿T 2023 Resigned 23rd August 2023 Appointed 141h October 2023 Appointed 14, Ortober 2023 Appointed 14" October 2023. Companysecretary Karen 8lackiston Until 26 January 2024 then role di5$0 Chief Exe£utbve Sarah Edwards Seb)k*r Mana8efS lan Bolin8broke aaire Wye Michael Hackwell-Read Dan Johnson Katie Patch Director of Estates and Rare Breed5 Centre Resigned 3111 May 2024 Director of People and Culture DFreuor of Finante Diredor of Operations Director tsf Translofmation and Change permanent as Director of Quality and ChanBe from January 2024 Head ofsupporter En£aÉement Lisa Boulton AudltOf5 Xeinadin Audft Ltd 12 Conqueror Ct Sittin8bourne MEIO 58H Bankers National Westminster 8ank PLC 20 H*8h Street Ashford TN24 8SH Page 16 CANTERBURY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 TRUSTEES. RESPON$181UTY STATEMENT Slatement olTTU5tets Rwsibilltles The Trustets Iwho are also dirertors of Cènterbury 035t Trust for the purpose of company tawl are responsible for preparing the Trustees, report and the financial statement in accordance Mth applicable law and Unfted Kingdom Accounting Standards (United Kingdorn Generalty Acttpted Accounting PrattKel. Company and charity law requires ihe TTUStees to prepare financial statement5 for each finartcial year, which give a true and fair view of the state of affairs of the charitable company and of the incorning resources and application of sourtes. including the income and expenditure. of the cornpany for that period. In preparing these financial statements. the Trustees are required io.. o select suitable accounting polities and apply them consistentty.. o observe the methods and principles of the charities SORP- o make judgernents and estimates thal are reasonable and prudent.. and o prepare the financial statements on an on-8oin6 concern basis unless it 15 inappropriate to Presu￿ that charitable company will continue in operation. The Trustees are responsible for keepin8 adequate accounting records that disch￿ with reasonable accuracy, at any time. the financial position ot the Com￿n¥ and enable them to ensu￿ that the ffinantial statements tomply with the Companies Act 2006 las amended). They are also responsible for safe8uardin8 the assets of the company and hence for takin8 reasonable steps for the Prevention and detection of frais and other irre8ularities. The Trustees are responsible for the maintenance and integrity of the torporate financial tnformation included on thi5 charitable company's website. Leeislation in the Unlted Kingdom goveming the preparation and dissemination of the flnancial statements may differfrom legislation in other jurisd￿10￿$. Provlsion of informatlon to the auditor So far as each of the Trustees is aware at the time this report is approved there is no relevant zudit inlormation of which the Trust's auditor 15 unaware and the Trustees have taken all ￿aSonable sieps that they ought to have taken to make themselves aware of any relevant audit information and to ensure thai the auditor is aware of that information. AUDITORS The auditors. Xeinadin Audit Ltd, will be pr*)posed for re-appointment at the forthcoming Annual General Meetin8. Report of the irvstees. incorporating a strateeic report. approved by order of the board of trustee5, a5 the cgmpany direttors. on......kQ.Q.9R4........................... and signed on the board'5 beham bv.. K J Heskeih- Chair Page 17 REPORT OF THE INDEPENDENT ALIOITORS TO THE MEMBERS OF CANTER8URY OASTTRUST Opinion We have altdited the financial siatements of Canterbury Oast Trust Ithe 'charitable company'l for the year ended 31 March 2024 which comprise the Statement gf Financial Activities. the Balance Sheet. Ihe Cash Flow Statement and note5 to the financial Statements, including a summary of significant accounting ptslities. The financial reportin8 framework that has been applied in their preparation is applicable law and Unr(ed Kingdom Accountin8 Stand•rds Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial siatements= give a true aftd fair view of the State of the tharitable companws altsirs as at 31 Maich 2024 and of its incoming rèsources and application of resources. includine lis income and expenditvre. for the year then ended.. have been properly prepared in a££ordante with United Kingdorn Generally Accepted Accountin8 Practice; and have been prepared in attordance with the requirements of the Companies Aci 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and applicable law. Our responsibilities under those standards are further tlescribed in the Auditors, responsibilTtie5 for the audit of the financial staternerbt5 section of our report. We are independent of the tharitable tompany in accordance with the Èthical requirements rhat are relevani to our audit of the financial Statements in the UK. in¢ludin8 the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidente we have obtained is sufficient and appropriate to pr¢)vide a basis for our opinion. Concluslons relatlnKtg 8oln8 d 15x19.4541 12.369,2101 2,350.792 4.720.002 Cash and ¢ash egulvalents at the end ot the reporting p*riod 1.441.338 2.350.792 The notes form part ofthese financial staternents Pa8e 24 CANTERBUAY OAsfTRUST NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2024 RECONaLIATION OF NEf EXPENDrniRE TO NETCASH FIOW FROM OPERATING ACTNITIES 31.3.241 31.3.23 Net expenditure for the report#￿ period las perthe Statement of Financial Artlvitiesl Adlustmènts for: Depreciation charges (Gainlllosses on investments Profit on disposal of fued a5SÈts Interest received Intefest paiij Increase in stocks lInc￿aSe1/de(rea$e in debtors IDecreasellincrease in crediiors 1532.2961 11,585,3271 237,669 1174.7801 15.8911 113,4121 1.154 18.OS51 163.6191 175.5011 253.178 12.227 119.2531 14.3001 8.763 15.0261 12,195 282.868 Net ush used Sn operatlon5 1634.7311 11.044,6751 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash fl¢)w Al 31.3.24 Net ush Cash ai bank and in hand 2,350.792 1909,4541 1.441.338 2,350.792 I￿19.454) 1.441.338 Debt Debts falling due within l year Debts fallin8 due after l year 135,9521 1156.9111 3S,952 156.911 1192.8631 192.863 Total 2.157.929 1716,5911 1,441,338 The notes form part of these financial statements PzBe 25 CANTER8URY OAST TRUST NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024 ACCOUNTING POUCIES Basis of Prepari￿ the fThrKial statemerrts The financial staiements of the tharitable company. which is a public beneffit entity under FR5 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to chariiies preparing their accounts in accordance with the Financial Reportin8 Standard appli¢able in the UK and Republic of Ireland IFRS 1021 leffertNe l January 20191.. Financial Reporting Standard 102 The Financial Reportin8 Standard applicable in the UK and Aepublic of Ireland. and the Companies Ad 21JK. The financial statements have been prepared under the historical cost convention. with the exception of investments whith are induded at markei value. as modified by the revaluation of certain assets. Charity information Canterbury Oast Trust is a private company limited by 8U3rantte intorporated in England and Wale5. The registered office is Highlands Farm. Woodthurth. Ashford. Ken( TN26 3W. In the event of the charity bel￿ wound vp. the liability in respect of the 8uafantee is limi￿ to £1 per voting member of the Twst. The Trusi's objertives and airns are disc105ed in theTru5tees' and Strate8ic Report. The Trust constitute5 a public benefrt entity as defined by FRSIO2. The financial ststements a￿ prepared in Stedin& which is the fvnctional currenry of the charity. Monetary amounts in these finantial statements are rounded to the nearest £1. Preparatron ￿￿n$￿Ild?1ed financi•l statements The Trust is exempi from the tequirements to prepzre group accounts by virtue of section 402 of the Companies Art 2006. These financial statements therefore present inforrnation about the company as an ndividual undertaking and not about its gfOUP. Charities SORP allows a subsidiary to be excluded from con501idation if its resul￿ are maierial to the 8roup. In the opin￿￿ of the Trustees. the tumover and net assets of COT Tradine Umited are not material in the tontext of thtst atcounts and therefore consolidated accounts have not been prepared, details of thi5 subsidiary are given in note 13. Critical accntinued for the Year Ended 31 March 2024 13. STOCKS 31.3.24 31.3.23 Stocks 76.860 68,805 14. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income 180.168 7.194 191,406 65,988 215.683 24.329 70.922 66,334 444,756 377,268 15. CREOITORS: Amouiifs FALU146 (KIE WITHIN ONE YEAR 31.3.24 31.3.23 8ank loans and o¥erdrafts15et note 171 Trade creditors Social security and other taxes Other creditors Accruals and deferred incomè 35.952 457,272 112.927 45.927 . 427.993 361.002 110,952 51.383 445.281 968.618 1.080.071 2024 2023 Deferred income at l April Income recievtd during defefment Release of incorne during the year 102.052 191,653 1184.4821 94.559 93.863 186.3701 109.222 102.052 Page 34 continued... CANTERBURY OAST TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2024 16. CREDITORS: AMOUNT5 FALUNG DUE AFTER MORE THAN ONE YEAR 31.3.24 31.3.23 Bank loans Isee note 171 156.911 17. LOANS An analysis of the maturity of loans isgiven below- 31.3.24 31.3.23 Amgunts falling dve wthin one year on demand= Bank loans 35,952 Amounts falllng due between two and five years- Bank ltsans- 2-5 years 156.911 Page 35 continued... CANTERBURY OASTTRU5T NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 Marth 2024 MOVEMENT IN FUNDS Net movement in fvnds Transfers between funds At 1.4.23 3J.3.24 UThrestrfrted funds General 6,741,628 62,762 1447.1971 19.396 IS6.8141 6.313.827 5.948 The Rare Breeds Centre d￿elopMent fund 6,804,390 1447.1971 137.4181 6.319.775 Restrlrted fvnds other restrirted funds Woodchurch Poulton Wood Horticultttrre 18.(MJ6 20.8nl 24.630 12.751 46.941 7.462 19,308 14.564 26.730 20.773 47.185 17,811 17,915 1.693 19.046 35,750 30.203 3.242 25,908 2,059 17.254 10.733 21.289 15,762 43,294 12.456 19.871 1,458 14.949 5,573 {9.5091 121.0331 15.4031 12.OS41 13,8311 15.4411 15.0111 13.8911 15.3SS1 1,956 12351 Catering Aldin8ton Rye Friends of COT Salaries My Life Skills Academy Farm Fundraisin8 Craft Room Restricted Fixed Assets 1,171,487 149.0251 2.171 37.418 1.159.880 2,171 New Romney 1.468.057 185,0991 37,418 1,420.376 .TOTAL FUNDS 8.272.447 1532.2961 7,740,151 Page 36 continued... CANTERBURY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Endeil 31 March 2024 MOVEMEiif IN FUNDS- ￿ntinUed Net movement in funds, included in the above are as f￿lOw$. Incomin8 resources Resources expended Gains and losses Movement in fund5 Unrestrkned funds General 7.$38,917 18.160,8941 174,780 1447.1971 Rèsoritted funds Other restricted funds Wgodchurch Poulton Wood Horticulture 1.701 25.545 21.044 1.274 8.316 16611 110.5961 115,4711 110.7831 129.3491 IS.41031 13.0731 13.7191 113.5541 16.0111 {11.0151 {22,0251 13.6CQI 15901 1.040 14.949 5,573 19,5091 121.0331 15.4031 12.0541 13.8311 15,4411 15.0111 13.8911 15.3551 1.956 123SI Catering Aldington 1.019 11121 8.113 Friends of COT Salaries My Life Skills A¢adèmy Farm Fundraising Craft Room Restricred Fixed Assets 7.124 16.670 5,556 355 149.0251 11.8151 149.0251 2.171 New Romney 3.986 101.591 1186.6901 185,0991 TOTALFUNDS 7,640,508 18,347,5841 174.780 1532,2961 Page 37 continued... CANTERBURY OASTTRUST NOTESTO ThE FINANCIAL STATEMENTS-continued fof the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS- continued Compar•tives for mo¥tmtnt In lunds Net movement in fvnds Transfers bettveen funds At 31.3.23 At 1.4.22 Unrestritted funds General 8.244.592 97,752 11.537.954) 34.990 134,9901 6,741,628 62.762 The Rare 8reed5 Centre development fund .342.344 11.537.954) 6,804,390 Restricted funds Other restricted lund5 Woodchurch Poulton Wood Htsrtitulture 18.981 60.708 14.802 10.721 46.784 19751 129,5871 18.384 2.030 157 1,618 1.758 214 11.2251 1381 4.532 10.038 1.451 13051 18.C*)6 20,801 24,630 12,751 46.941 7.462 19,308 14,564 26.730 20.773 47,185 1?,811 17.915 1,693 110,3201 18,5561 Catering Aldington Rye Friends of COT Salaries My Life Skills Academy Farm Fundraising Craft Roorn Restricted Fixed Assets 27.550 14.350 27.955 20,811 42.653 33.273 16.464 1,998 iio,cthJi 125.5CIJI 1.172.536 155.4251 S4.376 1,171,487 L515.430 147.3731 1,468,057 TOTAL FUNDS 9.857.774 11.585.327) .272.447 Page 38 tontinued... rANTER8URY OASTTRUST NOTES TO THE FINANCIAL STATEmE￿- continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS-continued Comparative net movement in funds. included in the above are as follows- Incoming resources Resources expended Gains znd 105se5 Movement in funds Unr•strlrted funds General 6,534.980 18.060.707) 112.2271 11,537,9S41 Rèstrlrted funds Other restricted funds Woodchurch Poulton Wood Horticulture Life Skills Catering Aldington Rye Friends of COT Salaries My Lifè Skills Academy Farrn Fundraisin8 Craft Room Resvicted Fixed Assets 3.450 2.¢X13 12,386 3.115 2.730 14.147 3.407 1.663 4,959 8.846 6.340 8.659 3.051 14.4251 131.S901 5,998 11,0851 12.5731 {12.5291 11,6491 11,4491 16,1841 18.8841 11.8081 . 1.379 li.6￿) 13051 19751 129.5871 18,384 2,030 157 1.618 1,758 214 11,2251 1381 4.532 10.038 1.451 13051 155.4251 155.4251 74.756 122.1291 147.3731 TOTAL FVNOS 6.609.736 18.182.836) 112.2271 11.585.327) Page 39 continued... CANTERBURY OAST TRUST NOTES TO THE FINANCIAL STATEMENTS- cwtinued for the Year Ended 31 March 2024 18. MOVEMENT 114 FUNDS- ¢•ntlnued A current year 12 months and prior year 12 mnths combined posttion 15 as follows: Net movemtnt in fvnd5 Transfers between fund5 At 31.3.24 At 1.4.22 Unrestrlrted fvnds General 8.244.592 97,752 {1,985,1511 54,386 191.8041 6,313.827 5,948 The Rare Breeds Centrè development fund 8.342.344 11,9B5.1511 137.4181 6.319.775 ftesirlrted funds Other restrided funds Woodchurch Poulton Wood Horticulture Life Skills Caterin8 Aldington Rye Friends of COT Salaries My Life Skills Academy Farm Fundraising Craft Room Restricted Fixed Assets .981 60.708 14.802 10.721 46.784 65 114.6381 23.9S7 17.4791 120,8761 13.7851 12961 13.6171 16,6661 15,0491 641 4.683 3.407 19,046 35,750 30.203 3.242 25.908 2,059 17.254 10.733 21.289 15.762 43,294 12,456 19.871 1.4S8 110.3201 18.5561 27.550 14,350 27,955 20.811 42.653 33.273 16.464 L998 li0.(￿) 125.5cKII 1,172.S36 1104.4501 2.171 91.794 1,159,880 2.171 New Romney 1.515.430 1132.4721 37.418 1.420.376 TOTAL FUNDS 9A57.774 12.117.6231 7,740.151 Page 40 tontinued... CANTERBURY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS. continued for the Year Ended 31 March 2024 MOVEMENT IN FUP4DS- ￿ntInUed A curnent year 12 months pr*Jr year 12 months combined net movement in funds. included in the above are 35 follows.. Intoming resour Re50urce5 expended Gains and 19$5e5 Movement in funds Unrestricted funds General 14.073.897 116.221.6011 162.553 11.985,1511 Restricted fund5 Other reslrirted fvnds Woodchurch PoultC*n Wood Horticulture fe Skills Catering Aldington Rye Friends of COT Salaries My Life Ski115 Academy Farm Fundraisin8 Craft Room Restrirted Fixed Assets 5,151 27.548 33.430 4.389 11,046 14,147 4.426 1.551 13.072 9.846 13.464 25,329 8.607 355 15.0861 {42,1861 19.4731 {11.8681 131,9221 {17.9321 14.7221 15,1681 119.7381 114.8951 112.8231 120.6461 15.2CIJI 18951 65 114.6381 23.957 17,4791 120,8761 13.7851 12961 13.6171 16,6661 15,0491 641 4,683 3.407 15401 IJ04.4501 11.8151 1104,4501 2,171 New Romney 176.347 {308.8191 1132.4721 TOTAL FVNDS 14.250.244 116.530.4201 162.553 12.117.623) 19. REiATED DISCLOSURES The Trust is exempt from the requirements to prepare group accounts by virtue of sertion 402 of the Companies Act 2(*)6. ThÈsÈ financial staternents therefore ￿￿ent infomatitin about the company as an individual undertakin8 and not about its group. Charitie5 SORP allows 3 subsidiary to be excluded f¥om consolidation if its results are not material tts the group. In the opinion of the Trustees the turnover and net assets of COT Trading Limitèd are not material in the context of these accounts and therefore consolidated aetounts have not been prepared. In the year. mock inspection services vrith a value of £7,89512023..£nill were invoiced to Canterbury Oast Trust by Tara Health Ltd, a company over which è related party arted as a senitir consultant. No amounts were outstanding at 31 March 2024. In the year. software purchas￿ with a value of £22.988 12023.. £11.5611 were invoiced to Canteibvry Oast Trust by Intelli8ent Care Software Ltd. a company in which a rdated party is a member of Key Management Personnel. No amounts were outstanding at 31 March 2024. Pa8e 41 CANTEABUAY OASTTRU57 DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 Marth 2024 31.3.24 31.3.23 INCOME AND EfrIDOWMENTS Donatlons and lepctés Gifts Legacies Grants Donated services and facilitie5 Corporate Donors 410.956 266.966 272.033 75.c￿0 19,850 12.146 5.776 5.556 684.478 384.805 In¥estr))em Income Deposit account interest 13,412 4,300 Charit•ble artbvibes Income by Charitable Activity 6,927.271 6.181.(￿9 Other Income Gain on sale of tangible fixed assets Government grants received 5.891 9.456 19,2S3 20,369 15.347 39,622 Total Incomln¢ resources 7,640,508 6,609.736 EXPENDIWAE Ralslni donatlons and le¢xies Wages Pensions Advertising Compuier costs 26.675 560 4.12S 3,548. 52,849 1.070 6.859 11.130 71.908 Charitable artt¥Stles Wage5 Pensions Purchases Utility and telephone tosts Vehicle costs Insurance Repaiis and maintenance Trainin8 Carried forward 4.916.176 83.048 727.720 272.866 73.807 129.652 439.961 4.795,526 74.089 485,485 258.219 84,413 116.499 608,371 11.369 6,433,971 6,643.230 This paee does not form part of the statutory financial statements Page 42 CANTERBURY OASTTRU5T DETAILED STATEMENT OF FINANCIALAcnvmES for the Year Ended 31 March 2024 31.3.24 31.3.23 Charttable artivttles Brought forward Bank charges Advert15ing Miscellaneous Postage and Stationer 6.643.230 44.473 21,180 19,626 11.090 6.433.971 47.530 32,436 30,057 13.450 6,739,599 6,557,444 Other Bank interest 1.154 8,763 Support Other Wages Pensions Purchases Insurance Vehicle Costs Utilities and Telephone Ptsstagè and stationery Repairs and maintenance Depreciation Other Costs Professional Bank charges Trainin8 Mistellaneous 878.408 15,690 817,S03 13,874 4,318 11.736 10.796 66.094 18,422 168,234 218,102 10.548 10.820 31.979 17.183 70.510 284,829 101,700 95.022 5.552 14.429 25.685 5.365 26.245 31.730 1.490.891 1.469.767 Governano Costs Wage5 Pensions Utilities and Telephone Postage and stationery Professronal Bank charges Training 66,117 I.IBI 2.407 1.293 7.655 404 1.975 61,532 2.335 1,387 7.152 418 1,086 81.032 74.954 Total resources expended 8.347.584 8,182.836 Net eXper￿llure belore tans and losses 1707.0761 11.573.100) This pa8e does form part of the sraiutory financial statements Pa8e 43 CANTER8URY OASTTrUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2024 31.3.24 31.3.23 Realised rèco8nis*d 8ains and losses Reali5ed gainslllossesl on fixed asset nvestments 174.780 112.2271 Net expenditule 1532,2961 11,585,327) This page does not form part of the statutory financial statements Page 44