REGISTERED COMPANY NUMBER- 01897198 (England and Wales) REGISTERED CHARITY NUMBER.. 291662 REPORTOF ThE TRUSTEESAND FINANaALSTATEMEwrs FOR ThE YEAR ENOED31 MARCH 2025 FOR CANTERBURY OASTTAU5T *Aex209ZV' 24112r2025 CLWANIES HOUSE A25 Xeinadin Audit Ltd 12 Conqueror Ct Srtbngboume Kent ME105BH CANTERBURY OASTTRUST CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 202S P38e Chairman and CEO Statement Report of the Trustees Report of the IndependentAuditors 19 to 21 Statement of financial ArtNities 22 8alance Sheet 23 Cash Flow Statement 24 Notes io the Cash Flow Statement 25 Notes to the Financial Ststements 27 to 42 Detailed Staternent of Financizl Activitie5 43 to 44 CANTERBURY OASTTRUST CHAIRMAN AND CEO sfATEMENT for the Year Ended 31 March 2025 A5 Canterbury Oast Trust (COT) celebrates its 40th anniversary. we reflect on a period ol tran5foTmation. resilience, and renewed purpose. Our focijs has remained on strengthening the charity's foundations-investing in our people, systern5. and sernices-while ensuring that the vtyces of those we support continue to shape our direction. We also acknowled8e the finanoal challenges laced thi5 year. with the tharity turrently operating at a deficit. This has beea a sobering reminder of the pressvres facing the sector and the irnportance of strong leadership and accountability. The Board of Trustees and the Senior Management Team remain firmly committed to restoring COT to a position of financial surplus in the short to mid term. ensuring the long-term sustainability of our mission and the ntinued ddivery of hi6h-quality support. Strengthening Our Organisatlon We have rnade sigrtificèni strides in modernising our infrastructure. A new HR system ha5 replaced outdated spreadsheets. 8ivin8 managers greater autonomy and access. We also launched 'Log My Care to enhance care and support plannin& and embedded a new finance system to improve transparency and control. A full audit of our policies and procedures was completed, resulting in a comprehensive projert plan to update and Introduce new polieies, svpported by training and management toolkits. Over 38 training courses We￿ delivered, includin8 the intrc*Suction of the Oliver McGowan mandatory trainin& reinforcing commitment to high-quality. inclusive care. Governance and Leadershlp Following the Governance Review commissioned in 2023. we implemented a new commirtee strurture and stren8thened our reptsrtin8 and oversight prixesse5. In May 2025. Ken Hesketh stepped down as Chair after nea¥ly three years of dedicated service. We are grateful for Ken's leadership and are pleased to welcoTn2 Chris Bannocks a5 our new Chair. Service Developments and Property Transitsofts A pivotal moment thi5 year was the closure of The Mariners c3re home. This difficult decision was made in the best interests of residents. and we are proud to report that nine individuals moved into new hornes within cor, while onè person relocated closer to family. These transitions have led to increased independence and skill development. In tandem, we opened two new Supported LNing services in New Romney. expanding our capacity to delNer personalised. community-based support In May and June 2025. the sales of The Mariners and Harringion Cottage were completed_ The Board has committed to rin8fenang a minimum of 50% of the proceed5 to fund future opportunities for COT. ensurin8 these transitions contribute to lon8-term 5UStainability and innovation. Expandin8 Our Charitable Purpose In line with our evolving v¢sion and commitrnefit to inclusivity. we formally amended oui charitable purpose to include the support of autistic people who do not a150 have a learning disability. This important change reflects our recognition of the diverse needs ￿thin our community and our dedication to providing tailored. person-centred support to all those we serve. Page I CANTERBURY OASTTRUST REPORT OF THE TRUSTEE5 for the Year Ended 31 March 2025 The Ifustees who are also director5 01 the charity for the purpose5 of the Companies Act 2006. present their report with the finanoal statements ol the charity lor the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by charity￿.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Finènoal Rep￿1￿8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND ACTIVITIES Objèctives and aims Purpose ol tht Charitv Canterbury Oast Trust ICOTI is a tharity approaching 40 years of experience of developing and delivering support to people with leaming disabilities. Syrnmary of the rnain aciivities The services we offer include the followin8'. Residential Care Seryices Long term support with 3ccornmodation for adults with learning disabilities provided in homes to meetin8 individuals physical and emotional needs. - Supported Livin8 Services Support to individuals In their own homes with their own tenancie5. Personal Care support is regulated by the CQC. Supportto adults with leaming disabilities in a range of skills development and therapeutic activities. The services are supported by the lollowing teams= - People Tearr IHuman Resources) Firbance Estates and RBC - Supporter Engagement (Marketin& Commvnicatii)ns and Funtlraisin81 Geographital Reach In the operating year, COToperational semces were based in Kent. A property was owned in East Su55ex but was onlv operational for the I week of the finanoal year. Public Benefft The Trustees confirm they have given due consideration to the Charity Commission's guidance and that COT'S purpose is lor public benefit. Page 2 CANTERBUAY OAST TRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 5TPATEGIC REPORT Achievement and performance Charitable attibryties COT Accommodation Thi5 year has seen a renewed ener8y across our accommodation servi￿. ériven by a shared arnbition to deliver outsianding, person-centred support. Our teams have embraced a culture of learnin& collaboration, and continuous improvement. recognising the importance of understanding indNidual and collective skillsets to enhance service delivery. A key area ol focus has been the quality and suitability of our physical environments. We have identified significant opportunities to improve the spaces in which we support people, adoptln8 a practical and proattive approach to environmental enhancement. This includes adapting homes to better meet the evolving needs of inéividuals, particularly those experiencing age-related changes in mobility. cognition. and health. Our teams have demonstrated compassion, patience, and creativity in makin8 adjustments that p¥omote salety. acce55ibility. and enjoyment. We are also explortn8 the potentyal of assistive technologies. includin8 Al*nabled solution5. to empower individuals who may face physical limitations. These inrnovations offer e¥citin8 pO￿lbilitieS for inueasing autonomy and control in daily life. and we ère comrnitted to evaluating their role in future service design_ Operationally, our teams are taking a realistic and reflertive approach to performance. standards. and irnprovement. There is a growing understanding that success require5 careful plannin& conslstent monitoring. and alignment with our mission, vision. and values. We are increasin￿V identifying chzmpions and experts by experience within our workforce, creatin8 QPPOrtunities for peer support and shared learning. One area of operational complexity has been reconcilirig commissioned hout5 With actual staffing hours. This remains challenge that dernands sustained attention. collaboration. and monthly review by service managers. Breaking old habits and embeddin8 new practices is di￿lcult. but essential for achieving transparency and effioencv. We continue to support 41 individuals in residential services and 38 in supporred living. These figures reflect changes over the past year. ineluding the closure of Rock Cotta8e as accommodation. We currently have one vacancy in residential aecommodation for complex care and one in supported INing. Notable milestones indude the registration of a new manager at Old Sthod House, with another pending for Rosemary. and the one-yeaf anniversary of Old Port Place. celebrated with a community BBQ and party- Ellis Orive has cently reached full occupancy and is thrNin& with residents clearly benefiting from shared living and cornpanionship. Our teams have facilitated a wide variety of outings throu8hwt spring and svmmer, ofteTh in collaboration with Friends of COT and our fundraising team. These experiences have been thoroughty enjoyed by those we support and reflect our commitment to meanin8ful engagement and commvnity indusion. The implementation of Lo8 My Care- continues to progress well. It is provin8 w be a valuable tool for keyworking. support plannin& and health management. The plarform has enèbled more tonsistent ènd timely recording of health-related data. including AINMS. which are now being used effertively to support clinical deosion-making and communication ￿th healthcare professionils. While there are still skills to be developed around digital recordin& the 5V5tem is already enhancing our ability io deliver iesponswe and informed tare. Quality Assurance Framework Our robust quality a5surénce framework allows u5 to effettively monitor compliance across our accornmodation services. Through live tracking of action5. we maintain clear oversight ol areas that may require additional resourtes 01 tar8eted trairning to support our teams. At the same time. we actively celebrate good practice and encourage the sharing of innovative ideas. Pa8e 3 CANTERBURY OASTTRUST REPORT OF THE TRusfEES forthe Year Ended 31 March 2025 To enhance our Quality assessment framework. we have engaged an external provider to conduct visits across all our accgmrnodation-based services. We are committed to ensuring that every service undergoes an audit. regardle55 of whether it falls under CQC regulation. This proactwe app¥oath align5 with our strategic aim to be excellent at everythin8 we do. COT Lift Skills li has once again been a busy year across our ￿fe Skills prograrnme5. our day students, placements are at 52% which is higher against previous years. Our studenl placements include individuals who receive support through our accommodation seryices. as well as those referred by local authorities and families. Our offerin8 continues to provide Life Skills services at The Rare 8reeds Centre. which includes the discovery garden, Polton Woods, Art on the Farm, Plants and Produce. The Academy. the Catering Training Kitthen and retail session in the RBC shop. Thi5 year we saw the openin8 of the sensory room. which is available for those with more complex need5. facilitating multisen50ry activiEies. The sensory sessions are available for either private use or supported by one of our tife Skills Tearn. Furthermo￿, we saw the introduction ol a music and movement session which was funded through the Friends of COT. these sessions are interattive combintng musrc with physical movement. Due to the success of this session th Life Ski115 tearn are exploring how this could be continued into the fvture_ We signed up to a new accredited training provider AQA. Our life skills projects have the L)PPOrtvnity to deliver any of the 20,000 pre-written awards and many others we have written. One notable set of awards ￿S OUT zoonotic disease programme, wrilten in collaboratign with the Nation Farm Attraction Network INFANI in which students gain an understanding of the NFAN Code of Practsce. keepin8 themselves and our visitors safe. Our Art on the Farm programme has recendy reconnerted wrth a concept store in where items created in our studio are sold to the 8eneral public. raising awareness of COT and the wider impact our work can have. We are plannsn8 to have a feature wall during the Rye Art Festival. preparations are underway. Poulton woods Olympics were held in August. Whe￿ we saw hobby horse dressage. Space hooper racing and welly wanging. In January the annual 'Ha88is Hunt. proved a great success With participants receivin8 the f¢r5t ever AQA award in haggis hunting. A fishins trip was successfully organised in collaboration with the Masonic Fishin8 Charity, and it proved to be a great success, We have since established connections wtth a local accessible fishery. and plans are already in rnotion to arrange future outings. We are hopeful to receive a charitsble donation to help purthase hshing eouipment, enabling us to offer this activity Dn a more fe8ular basis. COT Rare Breeds Centre Th2 Rare Breeds Centre ￿maiThS a vital component of COT. This year. we have concentrated on enhancin8 gur Safety SV5tems and implementing an annual events prOgrarn￿￿. The R8C has been granted a three-year Animal Welfare Licence. a recognition of its continued commitment to excellente in care ènd Complian￿ with regulatory standards. As part of our ongoin8 dedicatitjn to health and safety. we have enhanced our communication5 around the irnportance of hand hygiene. These measures are designed to protect the wellbein8 of our stsff. the individuals we support. and all visitors to our facilities. This follows a precaytionary voluntary closure in Jufy 2024, undertaken in response to a suspected transmission of E. coli. Since then. we have taken proactive step5 to Strengthen our safety protocols across the RBC and reinforce best practices across our operations. We remain 5teadla5t in our mission to provide a safe. supportive. and high-quality environment for all. Page 4 CANTER8URY OASTTRUST REPORT OF THE TRUSTEES for the Yeai Ended 31 March 2025 Our farm team has welcomed new arrivals. induding baby goats. lambs. and piWets. Their dedication and hard work ensure that these new additions receive exceptional care. The team'5 tireless efforts 8uarantee that our animal welfare standards go above ancl beyond, reflecting their unwaverinE commitment to the well-bein8 of all our animals. Our Halloween and Christmas events were a huge hit, drawing fantastic trowLls and receiving rave feview51 For the rirst time, we also introduced Christmas Twtlight Grottos. showcasing the farm in the magical winter evenings. We￿e had the joy of welcoming Spidey. enchanting Princesses. and the beloved TV characters Ben and Holly on our special 'Meet the Character, event day5. These magical moments brought smiles to countless faces and created unforgettable memories! We began our partnership with Mindful Bee Publications in November 2024. offering their delightful books for purchase and Eiving vi51tots the opportunity to rneet the team behind Mindful Bee and Friends. We 3150 hosted three storytelling ses5i9n5 in the Oi5covery Zone on the larrn, where each familv received a free book, with a total of SO books a￿lIable. They have also13unthed their new book with us. On the Fami with 8u2zy Bee and Friends. Vi51tors enjoyed mindful movement sessions for children with Buzzy Bee. We have adtled 'Mindful Mondays. as part of the Rare Breeds Centre's'The Great Outdoor5, initiative. promoting rnindfulness and the positive irnpact of bein8 Outdoors. This collaboration befvleen Minijful Bee and Friend5 and COT reflects our shared comrnitment to losterin8 a supportive and nvrturing community. where children and familie5 can experience the benefits of mindfulnes5 and creativity. COT Fundraising As part of our strategic gr¢)Wth and commitment to long-term sustainability. we engaged a specialist trusts and foundations fundraising consultant to support the enhancement and stieamlining of our fundraising operations. This partnership is a key component of our broader strate8V to scale our impact. divers￿ incorne Streams. and build more sil¢en¢ fvnding models. We are building a fundraising infrastructure that will empower us to achieve grezter reath, deepen our impacL and secure the resources needed to deliver our mission effectively as we grow. rowards the end of the financial year. our fundraising efforts included 5ecuTing sponsorships for our Ruby Jubilee festival, celebrating 40 years as a registered charity. The sponsorships obtained. mostly from local businesses. totalled £5,144 with an additional business pledging £1,[￿ in services_ The total for all fundraised income for thi5 year. indudinB legaoe5 wa5 £19L272. Leeacies We are especially grateful for the 8enerous legacies rece￿ed this year. totalling £64.979.50. Leavin8 a le8acy to COT reflecls a profound and personal commitment to our future. and we deeply appreciate the trust and support shown by those who ch005e to give in this meaningful way. Hitrade Hitrade h35 been a remarkable and long-stsnding supporter of COT. raising over £1 rnillion throu8h sales at their charity shop over the years. This past year brought Significant challenge5 for their dedicated committee, includin8 the tiagic loss of a member and serious long-ierm health issues affecrin8 another. leading to a Six-month pause in their activitie5. Desplte these hardships. their commitment never wavered. True to forrn, they soon returned to locussin8 on how best to support COT. and Benerou51y fvnded £17.498 in rnuch.needed projects. These included fundin8 Ouf accessibility audit which form5 the blueprint for our accessibility plans for the Rare Breed5 Centre. Page 5 CANTERBURY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 Ken and Debbie Chappell Ken and Debbie Chappell. whose son 15 5UPPOrted through our accommodètion servio5. along wth their relative Jim Graham. have continued their hugely Suc￿$$fUl Problematic Pop Quiz fundraising efforts. This year alone. they raised £3.722. bringing their overall total to an incredible £53,347. Thanks to their deditarion. our sensory room was fully funded and completed in 2024. The trio have tireles51y or83ni5ed pop quiz events at local golf clubs and other community venues, and we're immensely 8rateful for their ongoing commitment. Friends The Friends of COT. a dedrcated group of volunteer5 including family members of the people we SUPPDrt, continue to play an invaluable role in enhancing lives acr0$5 our se￿ices. Their commitment and generosity have helpeé fund a wide variety of social activities, trips. and holidays. enriching the Iwes of those we support. This year. the group has made a Concerted effort to ensu￿ that every service has benefitted from their contributtons which amounted to £15.128.43. We are deeply graleful for their continued support and the positive impact they brin8 to our community. Regular Givlne Our regular contributors. many of whom are family Members of those we support. provide a reliable source of funding that supports every aspect of our work. This year. 73 individuals contributed a total 01 £27.309. We are deeply grateful to all who remember us through regular giving and continue to stand by our mission. Corporate. Community Groups and Trusts We are very lortunate to receive many generous donations from corporations, community group5 ané trusts, sornetimes for specific projects and sometimes unrestricted. Here is a list of this year's fantastic contributors totallin8 £30.455.52 in donations.. - TerTrterdeA lions Club - The Pickled Egg Company - Wadhurst U3A - NATS - Savannah Charitable Trust - Mark Leonards Trust Newchurch Wl Adler Fairways Insurance Brokers Limited Kent County Agricultural Society Mid Xent Golf Clvb Rotary Club of Ashford Rotary Club of Sandwich Earlswood School - Hook Lane Primary School Emmanuel Church - Lagham Scouts Silcocks Farm Shop - Crown Products (Kent) Ltd Bethlem Royal Hospital 8owls Club - Connect2Socialwork - West Midrtlesex Lodge Putney 8rid8e Lodge SparkLive Pantomimes Ltd - Rural Payments Agenry Pa8e 6 CAMfERBURY OASTTRU5T REPORT OF THE TAUSTEES for the Year Ended 31 March 2025 Bencurt15 Park - Gladwells Pet & Country Store Tenterden G D Herbert Charitable Trust Just GI￿n@ We are $0 grateful to those who give through the Just Gr¥ing platform. One4)ff donations this year totalled £697.76 and regular rnonthly donations amounted to £1408 (these are included in the re8ular giving numbers abovel. We were also svpported by wonderful individuals and an organisation who set up challenge fundraiser5 thfou£h the platfoun raising the following.. - Claire Stubbin8ton's boxing event.. £851.73(£7￿ on last year's report-final payment received this yearl - JaxTanner Ford Ride London event.. £1616.25- Poulton Wood Kin8sfordsSoliciiors Nuts (hallen8e event= £748.75 - Unrestricted COT Membership Our COT members. rn05t of whom are famrly members ol our supported people. also contribute financially to the Trust. Membership dues this year brou8ht in £4.273 including gift aid frorn oui 134 rnembers. COT People Over the past financial year, we have welcomed 71 new team members acr05S the Trust. including the appointment of a new Head of Visitor Services and Estates to supporr income 8eneraiion. and a Relief Co-ordinator to reduce our reliance on agency staffing. Staff turnover currentty stands at 28%. which aligns with the average across the social care sector. Encoura8ingly4 employee referrals have increased. with 14 recruits joinin8 US through our stsff referr31 scheme - a positive sign of internal advocacy and ieam engagement. Our new HR management system is now fully live and in use across the organisation. This ha5 already led to significant reduction in administrative workload and has improved acc￿sIbilIty for mana8ers. Recruitment processes are also being st￿arnI1ned. with job advertisernents now being posted through the new system and pulled through directly to our new website. We successfully launched a new performance appraisal scheme, which has been posltively received across all departments which aligns wth OUT values and sets clear. agreed objectives. Alon8side this, we introduced an enhanced annual leave entitlement for our offite-based staff who do not require cover - a step towards improved work-life balance and retention. We continue to monitor and rev¢ev• temis and conditions and employee benefits. We aim to ensure that we are offerin8 an attractive. competttive package to staff which meets the needs of the Tnjst and remains affordable longer term. We have been Closely monitoring developments around the upcoming Employment Rights Bill and other legislative than8e5. To prepare, the HR team has attended relevant webinars ané training sessions to ensure we remain compliant and ready to 5UPPOrt implementation. Apprentr￿hlp development has been stron8 thisyear. Four members of our social care team completed their Level 2 Adult ca￿ ApprentIC￿h1ps. achieving three distinctions and one merit. We are currently working gn expanding oyr apprenticeship pro8ramme to include Animal C8re Level 2 for farm Staff. Within the HR tearn. collea8ues are currently studying at Levels 3, S and 7. ensuring we continue to develop expertise and add strategic value. Training acr05S the organisation remains a key priority. Ths year. Page 7 CANTERBURY OASTTRUST REPORT OF ThE TRUSTEES for the Year Ended 31 Marth 2025 1,899 online courses were completed via Care Skills Acaderny and iHa5CO 42 face-to-face sessions were delivered either in person orvirtually - Two stafl members betame certified trainers in patient handlin8 - Five staff member5 completed the Care Certificate Farm-based teams received or are scheduled to receive training in tractor drivin& brush cutter/trimmer use, ROSPA playground safety. IOSH Managing Salely. and first aid. We were a159 proud to receive a grant from The A￿55 Foundation of £5.COJ, which will 5UPPOrt the delivery of è dementia tour bus. internal experimental trdinin& and dementia and learning disability training. These initiatives are expected to benefit 130 members of our social tare workforce. Finally, as part of our ongoing enwronmental cornmitmenL we have made the recruitment and onboardine proeess entlrely paperless. In addition. training feedback is now collerted via QR code surveys. furthei reducing paper waste. COT Volunteeilng Supporting and coordinating volunteer efforts at COT and the RBC tontinues to be a key part of our work. Volunteers not only strengthen our capacity to fulfill our mi55ion. bvt a150 3Ct a5 enthusiastic arnba55adors, spreading awareness and support throughout the community- Many 80 on to becorne some of our most dedicated advocates. With this in mind. our volunteer coordinator. Paul Harris. prioritises buildin8 strong rdationships while also growin8 our volunteer base. This year has seen notable piogress Suc￿$ in both areas. We have 8150 brought the COT Friend5 group under the volunteer management of our vdunteer coordinator this year and are completing all related 085 check5 and online trdining. This restructure is also helping us to a551St with their overall ￿￿uItMent plan. Since April 1st. 2024. we hzve seen a notable increase in the number of individuals. Un￿erSity students and corporète 8roups inquiring about Volunteering opportunities with COT. Our volunteer team. including corporate groups O of E and University students. committed a total of 6770 hour5 for the 2024-2s fiscal year-a 19.32% increase over the previous year. During the last 12 months we have for the first time two volunteers helping eath week in the caterin8 life skills ser¥ice and another in the kitchen in the Granary restaurant. We also now have two volunteers each week helping in the discovery garden and butterAy tunnel. External Recruitment Efforts.. Our subscription to Simply Connect and OLJr new advert15ing program on Facebook have yielded positive results in attracling volunteer5. This is ongoing from last year and still a positive way to put out the message about our volunteer opportunities Internal recruitrnent- We ci)ntinue to advertise for Volunteering opportunities in out gift shop on the farm - and this has yielded s<)me interest. Corporate Involvement: We are seein8 corporate 8fOUPS now retyming for a second year Wlth us. Several after taking a vote amongst themselves within their orgèrtisation and unanimously deoding COT is where they want to use their volunteer day. We also take the opportunity to talk with corporate group5 when they come in about regular volunteerin& and this has yielded several very good people. l advertise in the shop a5 well and thi5 also has produced positive results. Corporate volunteer8roups for the year included= Page 8 CANTERBURY OAST TRUST REPORT OF ThE TRUSTEE5 for the Year Ended 31 March 2025 Corporation Volunteering activity l April 2024- 31st March 2025 Removing vegetation & foliage from the butterfly tunnel, and repainting the old birds of prey coups. 4 to 5 weeks of work for our5taff, undertaken in one day. Weeding in the poly tunnels at Plants and Produce. work our staff Struggle to find time to do, undertaken in one day. Dug out 5011 from both Old shrubberies at Farm View, placed down weed proof membrane and back filled with slate chips, making the area far more manageable and Safer for our residents. Volunteered at Poulton Wood cutting back brambles and cutting grass, allowing access to the walkways in the conservation areas and pond. Dug out old foliage & vegetation and repaired parts of the bird aviary enclosures. Weeks of work for our staff, undertaken in one day. Painted pig sties around the farm. two weeks, worth of work for our staff, undertaken in one day. Border Force Axa Health Port of Dover Authority Superior Healthcare The Education People Howdens Insurance Commercial Services Clearing weeds in the poly tunnels at Plants and Produce also helped with harvesting. Moved composed heap and mulched poly tunnel at Poulton Wood 4 weeks work for our staff undertaken in one day. Weeding in the poly tunne15 at Plant5 and Produce. work our staff struggle to find time to do, undertaken in one day. Clearing moss and weeds from the patio area at Rosemary cottage making the outside areas safe and fully accessible for Ashford Borough Council I, group Moat lettings One savings bank Painting the wooden paneling around the farm, several weeks ofwork for our staff, all undertaken in two days by volunteers. B & M construction We have continued to provide opportunities for thjke of Edinburgh bronze award students with 12 completing their bronze award and one young lady who achieved bronie last year now achieving her Silver with us. another first for COT! We currently have another 16 young people working towards thelr bronze award. looking ahead, we are openin8 opportunities to diversify how we utilise volursteer time and skills. Envi¥onmental and conservation projetts a￿ attracting 8reater numbers and younger volunteers-, includin8 university and college students. Our core group of regular volunteers. who support us week in and week out, has gr{￿n to 81 members-a 20.8% increase over last year. Page 8 CANTER8URY OASTTRUST REPORT OF THE TRUSTEES ftsr the Year Ended 31 March 2025 ServicÈ Volunte Total 23.24 Total 24-25 Plants and Produc 910 IODO Poulton Wood li lois 1135 My Life Skills academy 470 580 Art at the Farm li 1280 1280 Shop/Admi5sions incl Handyrnan 385 255 Farm/ including environment volunteers 13 1450 1070 Fundraising 105 Catering & Granary Restaurant 15 EstèteslAdmin 25 285 RKeption 165 Events 55 560 Gardening Group 152 Duke of Et8¥nburgh award volunteers 16 228 Corporate Volunteers li 8roup5 657 715 University I Collage vocational leaming time on the farm 2C Total 5462 6770 COT Estates Over the past financbal year. the Estates Team has continued to deliver strategic oversight and operational excellente acr05s our property portfolio. Ourfotus has remained on optimisin8 asset performance, ensurin8 compliance. We have successfully completed the disposal of Harrin8ton and The Mariners reducing maintenance liabilities. There is fvll statutory complrance across all properties. and we implemented a renewed fi￿ safety System and vpdated risk a55essments. A5 we move forward with our strate8ic plan. priorities will turn to developing a roadmap for net zero across the estate. focusing on opportunities to enhance the 5UStsinability and resiliente of our estate. Page 10 CANTERBURY OASTTRLJST REPORT OF THE TRUSTEES for theyear Ended 31 March 2025 STRATEGIC REPORT A¢hie¥ernent and performantt Celebrating our 40th Ytzr Our 40th anniversary hos been a tirne of celebration and reflection. Events shaped by the people we supptsrt-ineludin8 a Cream Tea in June and a Music Festival planned for September-have brought our community together in joyful reco8nition of our shared joumey. We were also proud to see two staff members named finalists in the KICA 2024 Kent Care Awards. a testament to theirachievements and the dedication of our teams. We are a150 delighted to have been fecognised 35 8 ffinalist in the Kent Charity Awards, in the Large Charty category. This p￿Sti810US acknowled8ement highlights the scale and impart of our work aeross Kent and celebrates the comrnitment of c¢ur staff, volunteers and supporters in delivering high-quality. person-centred care and support. Being shcrUi5ted amon8 rhe county's leadin8 charities affirms our strategic progress and the strength of our community. as we continue to evolve and grow. S¢rate8k Progres5.' Caring lor OurTornorrow Launched in April 2024. (yjr Caring for OurTomorrowstrate8y has guided a series of impactful initiatives= Acces￿billty Audit= A full acce55ibility audit of the Rare B￿ed5 Centre was undertaken. ensurin8 our facilities are Inclusive and welcoming to all. Charter Mark Exploratlon: Preparations were completed to a5sÈss various Charter Mark opportunities, helpin8 guide future decisions on quality assvrance and retogrtition. New Web51te Launch: A major milestone was the commissioning and lavnch of a new website in July 2025. cornbinin8 the Rare Breeds Centre and COT. This has significantly raised awareness that the RBC is part of COT. strengthening our brand and outreach. Property Management Review.. A comprehensive rent and service thar8e review was completed, svpporting the cornmercialisation of our property POrtFdio. Future-proofing Propertw- The c105yre and sale of The Mariners and Harrington Cottage were key steps in fUtur￿pI00￿n8 our property assets. The Board's commitment to ringlence at le35t SO% of the proceeés ensu￿$ these tran51tion5 directly 5VPPOrt strategic development. Learnln8 and Development O¥erhaul: A complete review of tyjr Learning and Development programme led to an increase in service- and person-specific training courses. enhzncing staff capability and care quality. R8C Events Programme." The Rare Breeds Centre operated a fvll programme of events. encoura8in8 Vlsltor engagement and cornmunity connection. Quality A55urante Frarnework- Our Quality A55ur3nce Framewo￿ cornpleted its first full year. providin8 essential data and insights into se￿Ce quality. This was further strengthened by the introduction of External mock inspections conducted by Delphi Cafe. adding ri8our and objectivity to our intemal ￿alUatiOnS. Pa8e 11 CANTERBLIRY OASTTRUST REPORT OF THE TRUSTEES for the Year Ended 31 March 2025 STRATEGIC REPORT Financial review Income and E¥penditure COT saw 3% incorne growth for 2025 cornpared to 2024 receNing £7.851.305 Ivs 2024.. E7.640.5081. This was driven by l¢Kal authority uplifts whsch unfortunately are still dedinin8 relatNe to minimum wage legislation. Work was carried out where p0$5ible to ￿negotiate rate5 With some success. alongside inuea5ing hours where supported person's needs have chan8ed. It is key to note that COT conttnues to lace the headwind5 of government pressures on bu5ine55e5 and especially in the areas of National Insurance and minimum wages. The Rare B¥eeand signed on the board's behalf by". KJ Hesk rustee Page 18 REPORTOFTHE INDEPENDENT AUDITORSTOThE MEMBERSOF CANTERBURY OAsfTRUST Opinion We have audited the finanoal statements of Canterbury Oast Trust (the 'charitable company'l for the year ended 31 Mafch 2025 which comprise the Statement of Financial Activities, the 8alance Sheet. the Cash Flow Statement and notes to the financial statements, indudin8 a summary of significant accounting policles. The financial reporting framework that has been applied in their preparation is applicable law and United Kin8dom Accountin8 Standards (United Kingdom Generally Accepted Accounting Prarticel. In our opinion the financial statements= give a true and fair view of the state of the charitable company's affaiTS as at 31 March 2025 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 20C6. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are fvrther described in the Auditors, iesponsibilities for the audit of the financial statements secuon of our report. We are independent of the charitable cornpany in accordance with the ethical ￿QUIrementS that a￿ relevant to OLlf audit of ihe financial statements in the UL induding the FRC'S Ethical Standard, and we have fulh.lled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we h3ve obtained is suffioent and appropriate to provide a basis for our opinion. Condusions relatin8 togoing contefn In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounring in the preparation ol the financial statements is appropriate. Based on the work we have perfornied. we have not identified any material uncertainties relating to events or conditions that, indiv(dually or collettrvely. may cast srgnificant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months Irom when the finantial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respett to going toncern are described in the relevant sectlons of this report. Other infomiatson The trustees are responsible for the other inforn)ation. The other information comprise5 the information included in the Annual Report. other than the finanual statements our Reporr of the Independent Auditots thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our reporL we do not express any form of assurance condusion thereon. In connection with tyjr audit of the financial statements. our responsibility is to ￿ad the other infomation and, in doing so. consider whether the other infomation 15 materially incon515tent with the financial statements or our knowledge obtained in the auéit gr otherwise appears to be materially rnisstated. If we identify suth material intonsistencies or apparent material misstatements, we are required to determine whether this gives rise to material misstatement in the finanaal statements themsefves. If. based on the work we have perfomed, we conclude that there is a material misstatement of this other information, we are required to report that Fact. We have nothin8 to report in thi5 regard. Opinions on other matters prescribed bythe Companles Act 2006 In our opinion, based on the work undertakerb in the course of the audit= the information given in the Report of the Trustees lor the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of the Trustees has beert preparEd in accordance with applicable legal ￿quIreMents. Pa8e 19 REPORT OF TrIE INDEPENDENT AUDITORS TOTHE MEMBER5 OF CANTERBURY OA5TTRUST Matters on which we zre rÈquired to report by exception In the light of the knowledge and understandin8 of the charitable company and its enVirOnrr￿t obtained in the course of the audit. we have not identified maierial misstatements in the Report of the Trustees. We have nothing to report in respett of the follovrring matter5 where the Companies Act 2OJ6 requi￿ us to report to vou if, in our opinion-. adequate accounting fecords have not been kept or ￿t￿rA$ adequate for our audit have not been received from branches not V151t£d by us., or the financi31 statements are not in agreement with the zccounting records and re￿rn$.. or certain di5dosu￿s of trustees, remuneration specified by law are not made,. or we have not reCe￿Wed all the information and explanatrons we require for our audiL Respon5ibilitie5 of trustees As explained more fully in the Trustees, Responsibilities Statement. the trustees (who are also the director5 of the charitable company for the purposes ol company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of finanaal statement5 that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible lor assessin8 the charitable company's ability to continue as a going concem. disdosin& è5 applicable. matters related to going concern and usin8 the goins concern basis of accounting unles5 the trustees either intend to liquidate the charitable tompany or to cease operations. or have no realtstic alternative but to do so. Our responslbllhles for the audlt of the f￿an(la1 statsments Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole a¥£ free from material misstaternenL whether due to fraud or error. and to issue a Report ol the Independent Auditors that includes our opiniot). Reasonable as5urante is a high level of a55urante. but is not a guarantee that an audit conducted in accordance with ISAS l(JKI will always detert a matertal mi5Staternent when it exists. Mi5Statements can arise Irorn fraud or error and are considered material if. individually or in the aEgregate. they Could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detectinE irregularities. including fraud is detailed below.. Our objectbves in perforning the audit are to tdenlify and assess the risk of Material mi5Statement in the financial statements due to fraud or error and to obtain sufficient audit evidence to support this. We also evaluate and respond to the risk of material misstatements. Audit procedures performed by the en8a8ement team included: - Obtaining an understanding of the legal and ￿gUlatOry frameworks that are applicable to the entity. Assessing the risks of materièl misststements in respett of fraud by enquirin8 of management as well as rethewing the service organisations used. These were corroborated by reviewing Board Minute5. correspondence with HMRC and Companies House as well as with SeTrice Or8anisations. Gaining a sufficient understandin8 of the intemal contrd environmenL indudin8 Systems in place for the detectyon and prevention of fraud. Understanding the company's current aCtI￿￿e$, assets. liabilities. as well a5 future plans. A further dèscription ol our responsibilities for thè audit of the finanoal statements is located on the Financial Reporting Council's web51te at www.frc.or8.uvauditorsre5pon￿bl1ities. This description foims part of our Report of the Independent Auditors. Page 20 REPORT OF THE INOEPENDENT AUDITORS TO THE MEMBERS OF CANTER8URY OASTTRUST Use of our report This report is made solely to the charitable company'5 members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might state to the charitable company s mernbers those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit WO￿ for this report, OT for the opinions we have fomied. -rLKQ - Nicholas Hume FCA (Senior Statutory Ayditorl for and on behalf of Xeinadin Audit Ltd 19 North Street Ashford Kent TN24 8LF Date.. Page 21 CA￿rER8URy OASTTRUST STATEMENT OF FINANCIAL ACTivmES for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Totsl fund5 Unrestrirted funds Restricted funds Ngte5 INCOME AND ENDOWMENT5 FROM Donations and legacies 359.183 83.874 443,057 684,478 Charitable zctivities Care and life skills Social enterprise groups 6.087.957 1.308.624 6.087,957 1.308,624 5,537,419 1,389,852 Investment income Other intorne 2.380 9.287 2,380 9,287 13.412 15.347 Total 7.767.431 83.874 7.851,305 7.640.S08 EXPENDITURE ON Raising funds 3.731 10.506 14.237 34.908 Charltable artlvltles Care and lif£ skills Social enterprise groups 6,684,807 1.861,102 104.978 6,789.785 1,861.102 6,586.347 1.725.175 Other 216.427 15.194 231.621 1,154 rotsl 8.766.067 130.678 8,896,745 8.347,584 Net gainslllossesl on investrnents 127.1861 127.1861 174,780 NET INCOMEIIEXPENDITURE} 11.025A221 146.8041 11,072,626) 1532,2961 RECONCILIATION OF FUNDS Total funds brought forward 6.319.775 1.420.376 7.740.151 8.272,447 TOTAL FUNDS CARRIED FORWARD 5,293.953 1,373.572 6.667.525 7.740,151 The notes form part olthese finanaal statements Page 22 CANTERBURY OASTTRUST BALANCÉ SHEET 31 March 2025 31.3.25 Total fvnds 31.3.24 Total fund5 Unrestricted fvnds Restricted funds Notes FIXEDASSETS Tangible assets Investment5 li 12 3,733.994 1.337.579 1.171.8C*3 4,905,803 1,337,579 5.130,049 1,615.766 5,071.573 1.171.809 6.243.382 6.745.815 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 13 14 87,172 482.541 383.052 87.172 482.541 584,815 76,860 444.756 1.441,338 201,763 952.765 201.763 I.1￿.$28 L962.954 CREDITORS Amounts falling due within one year 15 1730,3851 1730.3851 1968,6181 NET CURRENT ASSETS 222.380 201.763 424.143 994,336 TOTAL ASSETS LESS CURRENT UA81UTIES 5.293,953 1,373,572 6.667,525 7.740.151 NET ASSETS 5.293,953 1.373.572 6.667.525 7.740,151 FUNDS Vnrestricted funds Restrirted lunds 16 5,293,953 1,373.572 4319,775 1.420.376 TOTAL FUNDS 6.667,525 7,740.151 The finznoal statements were approved by the aoard of Trustee5 and authorised for issue on .LS..S4p¥&wknty.1Sand were Signed on its behalf by: K J He5keth-Trust The notes forrn part ofthese financial statements Pa8e 23 CANTERBURY OAST TRUST CASH FLOW sfATEMEMr for the Year Ended 31 March 2025 31.3_25 31.3.24 Notes Cash flows frorn operating activities Cash generated from operations Interest paid 1999.6851 1634,7311 11.1541 Net cash used in operating activities 1999.6851 1635,8851 C35h flows from investing artNilies Purchase of tangible fixed assets Sale of ian8ible fixed assets Sale of lixed asset investments Repayment of loans from subsidiary Interest received 142.0741 1198,4161 103,298 172,814 i.o(KJ 2.380 13,412 Net Cash provided by/lused in) investin8 acbvities 134.120 180.7061 Cash flowsfrom financing arti¥itles Loan repayments in year 1192.8631 Net cash used in financing activrfies 1192,8631 Change in cash and tash èquiwalents in the reponing period Cash and cash equivalents at the be&Ynnlng of the reporting peiiod 1865.5651 1909,4541 L441,338 2.350,792 Cash and cash equivalents at the end of the reportinÉ period 584.815 1.441,338 The notes form part ofthe5e finanaal statement5 Page 24 CANTERBURY OASTTRUST NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 March 2025 RECONCILIATION OF NEf EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net expendiiure for the reporting period la5 per the Statement of Financial Activities) Adjustments for: t)epreciation char8es Los5e5llgainl on investments Los5/lprofitl disposal of fixed assets Interest received Interest paid Increase in stocks Increase in debtors Decrease in creditor5 11.072,6261 1532,2961 256,913 103,270 398 12.3801 237.669 1174,7801 15,8911 113,4121 1,154 18.0551 163,6191 175,5011 110.3121 137,7851 1237.1631 Net cash used in operations 1999.6851 1634,7311 ANALYSIS OF CHANGES IN FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 1.441,338 18S6.S231 584,815 1.441.338 1856.5231 584.815 Total 1.441.338 1856,5231 584,815 The notes fom part ofthese finanaal statements Page 25 CANTERBURY OASTTRUST NOTE5 TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing thè finantial staternLMts The fiTh3ncial stalements of the charitable company. which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accovntin8 and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republit of Ireland IFRS 1021 leffettive l January 20191,. Financial Reporting Standard 102 'The Financial Reportin8 Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finan•al statemenrs have been prepared under the historical cost convention. with the exception of investments which are induded at market value, as modified by the revaluation of certain assets. Charity information Canterbury Oast frust is a prNate company limited by guarantee incorporated in England and Wale5. The registered office is Highlands Farm. Woodthurch. Ashford. Kent. TN26 3RJ. In the event of the charity bein8 wound up. the liability in respect of the guarantee is limited to £1 per voting member OF the Trust. The Trnst's objethves and aims are disdosed in theTrustees' and Strate&c Reporr. The Trust constitutes a public benefit enbty a5 defined by FRSIO2. The Pinancial statements are prepared in Sterling, which is the funttional currency of the tharity. Monetary amounts in these finanoal statements are rounded ro the nearest £1. Preparation of consolidzted financial statement5 The Trust is exempt from the requirements to prepare group accounts by virtue ol section 402 of the Companies Act 2006. These financial statements therefore p¥esent information about the cornpany as an individual undertaking and not abo¢Jt its group. Charities SORP allows a subsidiary to be excluded from consolidation if its results are not materi31 to the group. In the opinion of the Trvstees, the turnover and net as5et5 of COT Tradin8 limited are not material in the Context of these accounts and therefore consolidated a¢¢ounts have not been prepared. details of thi5 subsidiary are given in note 13. Crltical auounting judgements and key sources of e5tim3tion uncertainty In the application of the charity's accounting policies, the Trustees a￿ reqUI￿d to make judgements, esttmates and assumptions about the carrylng amount of assets and lialH"litie5 that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be ￿levant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting esiimates are recognised in the period irt which the estimate is revrsed where the revision affects only that peri￿1. or in the period of the revision and future periods where the revision affects both current and future periods. Consolidation The Trustee5 consider the results of the subsidiary to be immaterial to the group and a5 such they have not prepared con501idated accovnts. Allocation of 5UPPOrt costs Support costs are allocated between tharitsble activities and governan￿ costs (central admini5trationl based on actual or estimated time empl¢)yed by staff in these functions. Page 27 continued... CANTERBURY OAST TRUST NOTESTO THE FINANCIAL YfATEMENTS- continued for the Year Ended 31 March 2025 ACCOUNTING POUCIES- continued Incoffle Income is recognised when the charity ha5 entitlement to the fund5. after any performance condition5 have been met, the amounts can be measured reliably. and it is probable that income will be received. Legacies are reco8ni5ed on receipt or otherwise if the tharity has been notified of an impending distribution, the amount is known. and receipt 15 expected. If the amount is not known. the legacy is treated as z colltingent asset. Income feceNed in respect of annual membership w the Rare Breeds Centre is recognised over the period of the rnembership. Income tax recoverable in relation to investments incorne is recL¥nised at the time the investment inc£Yne is receivable. Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured ￿lIably_ Interest income is accrued on a time basis. by reference to the principal outstanding and the effective interest rate applicable. Expenditure All expenditure is accounted for on an accruals baso and has been included under expense categories that a88re8ate all costs for allocation to activities. Where costs cannot be directly attribvted to particular activities they have been allocated on a basis consistent with the use of the resources. Support costs comprise in the main central staff costs. these are allotated between char(table aetivities and 80vernance costs I￿ntral administration) based actual or estimated t¢me employed by staff in these functions. Governance costs are those IncurTed in connKtign with adrninistration ol the charity and compliance wtth constitutional and ststutory requirements. Tangible lixèd assets All assets costing more than £2.((#) are tapitslised. Tangible fixed assets are initially measured at cost and subsequently measured at cosL net of depreciation and any impairment105se& Depreciation 15 recognised 50 35 to write.off the cost of assets less their residual values over their useful lives on the fd10￿n8 bases.. Freehold land and buildings Fixtures and fittings Motor Vehicles 2- 15 % strai8ht line 15- 25% strai8ht line 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is retO8nised in net incorne1lexpenditu￿? forthe year. Stocks Stocks and work in progress are valued ai the lower of cosi and net fealisable value after making due allowance lor obsolete and slow-moving stock5. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Page 28 continued... CANTERBURY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Taxation The Company is a registered tharity and as such its income and gains falling within Sections 371 to 489 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from cwporation tax to the extent that they are applied to its tharitable objectives. Fund accounting iJnrestTlCted funds are zvailable for use at the tliscretion of the Trv5tees in furtherance of their eharirable objertives unless the funds have been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustee5 for particular purpose5. The aim and use of each designated fund is Set out in the notes to the financial ststements. Restricted funds are subject to specific conditions by donor5 as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Investment incorne. gain5 and losses are allocated to the appropriate fund. Penslon costs and other po5t-retirernent beneffts The chariiable company operates a defined contribution pension Scheme. Contributions payable to the charitable cornpany's pension stheme are charged to the Statement of Finanaal Activitie5 in the period to which they rdate. Differences between conthbutiorts payable in the year and contributions actually paid are shown as either accruals OT prepayments. For defined contribution scheme5 the amount charged to net income or expenditure is thè contributions payable in the year. Oiffeiences between contributions payable in the year and contributions actually paid are shown as eithei accruals or p￿paYMentS. Going cgncern The Trustees have considered whether it Is appropriate to prepare the finèncial statements on the basis that the charity is a going toncern. The Trustees have reviewed the forecasts for the charity, and in particular considered its anticipated income (with secure contratts in place for charitable activitie5 With the Local Authority) and expenditu￿ commitments for a period of twelve rllonths from the date of approval of these financial statements. With regard to the charity. the Trustee5 have reviewed the finèna31 projettions, bud8ets and cash position for the period and a￿ satisfied that the charity has adequate finances (including ftsreeast cash and investments throughout the periodl and reserves to maintain its ability to ope¥ate successfully without additional fvndin8. Given this. the Trustees have a reasonable expectation that the charity has aéeouate resources to continue in operational existence for the foreseeable future. bein8 not less than 12 months from the date of si8ning these financial statements. Thus. they continue to adopt the going concern bèsis of accountin8 in preparing the annual financial ststements. Page 29 continued... CANTER8URY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 31.3.25 31.3.24 Gifts Legacies Oonated serwces and faciltlies Corporate Donors 397,463 39.979 410,956 266.966 i.ocM) 5,556 5,615 443.057 684,478 INVESTMENT INCOME -31.3.25 31.3.24 Deposit acco¢Jnt interest 2.380 13.412 INCOME FROM CHARITABLE AcfiviTIES 31.3.25 31.3.24 Care and Sotial enterprise 8roups Total activities Total artivities ski115 Income by Charitable Activity 6.087.957 1,308,624 7.396.581 6.927.271 Sooal enterprise 8roups comprise the Rare Breeds Centre farm. restaurant and marketin8 sectors. RAISING FUNDS Raising donat40ns and legaties 31.3.25 31.3.24 Staff costs Advertisin8 Cornputer t05ts 55.112 14,237 27.235 4.125 3.548 69.349 34.908 Page 30 continved... CANTER8UR Y OASTTRUST NOTES TO THE FINANCIALSTATEMENT5- continued for the Year Enijed 31 March 2025 CHARITABLE A￿1VITIEs COSTS Support costs Isee note 71 Direct Costs Totals Care and life skills Social enterprise group5 6.21X),477 842.632 589.308 1,018,470 6.789.785 1,861.102 7.043,Ice 1.607.778 8.650,887 SUPPORT COST5 Governance costs Othef Tota15 Other resources expended Care and life skills Social enterprise groups 176,509 419.726 890.534 176,509 589.308 1.018.470 169.582 127.936 1,541.881 297,518 1,784.287 NET INCOMEIIEXPENOITIJREI Net int0mellexpenditu￿j is stated after thargin￿(credItin￿I-. 31.3.25 31.3.24 Depreciation- owned assets Ioeficitllsurplus on disposal of fixed assets Auditor Remuneration Fees payable to the company's auditor for non-audit services 265,955 398 23.OCK) 8.0 309,703 15,8911 23,000 8,000 TRUSTEES, REMUNEILATION AND BENEF￿5 None of the Trustees received any remuneration or benefits frLXn the tharity durin8 the year12024- nill. Trustets, expenses Durin£ the year. trustee expenses were reimbursed to the amount of £Nil12024,. £1041 which relates to admin fees and travel. Page 31 continued... CANTER8URY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 io. STAFF C05T5 31.3.25 31.3.24 Wages and salaries Other pension costs 6.293.869 103,561 5.887.376 100.479 6.397.430 5.987.855 The average rnonthly number of employees during the year was as follows-. 31.3.25 146 18 59 31.3.24 142 18 55 Support and resident services Administration Commercial, marketing and appeals 223 215 The number of employee5 whose employee benefits lexduding employer pension costsl exceeded £60.OCIJ was.. 31.3.25 31.3.24 £60.￿)1- £70.CQO £70,(X)1- £80,1)JO £90.WI- £IW,000 The Trust considers the following to be their key management personnel,. the 8oard of Trustees, the Chief Executive. the Direttor of Eststes, the Director of People and Culture. the Dirertor of Finance, the Director of Operations. the Director of Tran5forrnation and Chan8e_ The total employment benefits includin8 employer pension and nation31 insurance contributions of the key management personnel wa5 £375.77312024- £401.6321. The charity operates a defined contribution pension scheme for all qualifying employees in the United Kingdom. The assets of the scheme are held separately fiorri those of the charity in an independently adminiSte￿d fund_ The contributions payable by the charity and thar8ed to the statement of income and retained earning5 in the year arnounted to £98,93312024., £96.7581. Pa8e 32 continuèd... rJ%NTERBURY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 IL. TANGIBLE FIXED ASSETS Improvements to property Fixtures and fittings Freehold property Motor vehicles Totals COST At l April 2024 Additions Disposals Redassification 6.576.812 30.534 1.119.581 42.074 110.6841 342.863 8,069,790 42,074 128,3871 117.7031 30.534 130.5341 At 31 March 2025 6.607.346 1.150.971 325.160 8.083.477 DEPRECIATION At l April 2024 Charge lor year Eliminated on disposal 1.996.682 143.OJ3 712.289 79,026 110.78SI 230.770 43.926 117,2371 2.939,741 265.955 128.0221 At 31 March 2025 2.139.685 780,530 257.459 3,177.674 NET BOOKVALUE At 31 March 2025 4.467.661 370.441 67.701 4,905,803 At 31 March 2024 4,580.130 30.534 407,292 112.093 5,130,049 Included in land and builLfings i5 freehold land at tost of £1[￿.[￿12024.. £1(M),(K￿l which is not depreciated. Land and buildings pre4ating 1993 a￿ carried at the lower of cost and open Ma￿et value based on professional valuation obtained on 13 Jul 1993 by Edward Symons, Chartered Surveyors. Subsequent additions are valued at cost. Freehold property primarily consists of properties fiom which the charitable attivities of the trust are undertaken. some of these properties are especially adapted for providing care services or are unusual in nature (Rare Breeds Centrel and the market value of these properties is not readily available. The insurance cost OF rebuilding all the properties 15 estimated at £27.8m 12024,. £27.8ml. In the opinion tsf the Trustees the market value of the fieehold property Stated in these accounts is in excess of book valve but much le55 thèn the Insuran￿ rebuild cost. 12. FIXED ASSET INVESTMENrs 31.3.25 31.3.24 Shares Loans 1.317.579 20.(M)) 1.594.766 21.000 1.337.579 1.615,766 Page 33 continued... CANTERBURY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 12. FIXED ASSET INVESTMENTS- continued Shares in Broup undertakings Unlisted investments Totals C05T LESS IMPAIRMENT At l April 2024 Disposals Revaluations L594.666 1200.0Tr)1 177.1871 1,594,766 12(Q.0001 177,1871 At 31 Maich 2025 1.317.479 1.317.579 NET BOOK VALUE At 31 March 2025 Iix) 1.317,479 1.317.579 At 31 Marth 2024 L594,666 1.594.766 Loans to grovp undertakings At l April 2024 Repayments in year 21,CK)O Ii.ocM)I At 31 March 202S 20,0(K) There were no investment assets outside the UK. Cost w valuation at 31 March 2025 is represented by.. Shares in group ndertakings Unlisted investments Totals Valuation in 2017 Valuation in 2018 Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuaiion in 2023 Valuation in 2024 Val¥ation in 2025 Cost 124,634 SO.145 106.771 13031 251.208 149.658 112.2271 174,780 177.1871 550.orhj 124,634 50,145 106.771 13031 251,208 149.658 112.2271 174.780 177,1871 550.100 Ic i( 1.317.479 1.317.579 Page 34 continued... CANTER8URY OASTTRusr NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 12. FIXED ASSET INVESTMENTS- continued The Charity holds shares of £1 each in its wholly owned trad*ng subsidiary company COT Trading Limited which is incorporated in the United Kingdom. The ￿gIStered office of COT Trading Limited is Highlands Farm. Woodchurch. ￿hf0rd. Kent, TN26 3RJ. These sha￿5 are the only shares aSlotted. calleil up and fully paid. The activities cornprise running the retail operation5 of the Rzre Breed Centre. The results are not con501idated per the accountin8 policy for investments. 13. STOCKS 31.3.25 31.3.24 Slocks 87,172 76,860 14. DEBTORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 T¥ade debtors Amounts owed bygroup undertakings Other debtors Prepayments and accrued income 263.828 10,297 120.073 88.343 180.168 7,194 191,406 65,988 482.541 444,756 15. CREDITOAS.. AMOUNTS FAWNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other taxes Other creditors Attruals and deferred intome 195.202 126.783 46.615 361.785 361,002 110,952 51.383 445.281 730,385 968.618 2025 2024 Deferred income a¢ l Aprll Income received durin8 deferment Releèse of income during the year 109,222 169,608 1197.8901 102,052 191,653 1184,4821 80.940 109,222 Page 35 continued... CANTERBURY OASTTRUST NOTESTO THE FINANCIAL 5TATEMENTS- tontinved for the Year Ended 31 hlarth 2025 16. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestricted ful￿$ Geneial 6.313.827 11.025.8221 5.948 15,9481 5.293.953 The Rare Breeds Centre development fund 6.319,775 11.025,8221 5.293.953 Resirlcted funds Other restricted funds Woodchurch Poulton Wcod Horticulture Life Skills Catering Aldington Rye Friends of COT Salaries My Life Skills Academv Farm Fundraising Craft Room Restricted Fixed Assets 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 31.328 128.3031 3.470 14071 11.8481 50,374 7,447 33.673 2.835 24.060 2.059 7.033 12.262 10.414 7,729 38,113 14.278 14.980 1.458 110.2211 1.529 110.8751 18.0331 15.1811 1,822 14.8911 1.159.880 2.171 115.1941 1,144,686 2.171 New Romney L420.376 146.8041 1.373.572 TOTALFUNDS 7.740.151 11.072,6261 6,667.525 Pa8e 36 continued... CANTERBURY OASTTRUST NOTE5 TO THE FINANCIAL STATEMENTS- tontinued lor the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued Net rnovement in funds, included in the above are as follows= Incoming resource5 Resource5 expended Gains and losses Movement in funds Unrestricted funds General 7.767.431 18.766,0671 127.1861 11.025,8221 Resirlcttd funds Other restricted fvnds Woodchurch Poulton Wood Horticulture 39.249 569 6.220 50 17.9211 128.8721 12,7501 14571 12.9161 111,0161 11.7941 117.9171 115.6151 19,0421 16,6781 110.5061 31.328 128,3031 3,470 14071 11,8481 110,2211 1.529 110,8751 18.0331 15.1811 1,822 14,8911 Aldin8ton Rye Friends of COT Salaries My Life Skills Academy Farm Fundraisin8 Restritteil Fixed Assets 795 3.323 7.042 7.582 3.861 8.5C(I 5.615 115.1941 115,1941 83.874 1130,6781 146,8041 TOTAL FUNDS 7.851,305 18.896.745) 127.1861 11.072,6261 Pa8e 37 continued... CANTER8URY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- Continued Comparatives for movemtnt in fvnds Net movement in fund5 Transfers between funds At 31.3.24 At 1.4.23 Unrestritted funds General 6,741,628 62.762 1447,1971 19.396 156,8141 6,313,827 5,948 The Rare Breeds Centre developmentfund 6.804.390 1447,1971 137.4181 6,319.775 Restricted funds Other restricted funds Woodchurch Poulton Wood Horticulture fe Skills Cètering Aléington Rye Friends of COT Salaiie5 My Life Skills Atademy Fami Fundraising Craft Room Restricted Fixed Assets 19,046 35,750 30.203 3,242 2S,908 2,059 17.254 10.733 21,289. 15,762 43,294 12,456 19,871 1.458 20.801 24.630 12.751 46,941 7.462 19.308 14.564 26.730 20.773 47,185 17.811 17.915 L693 14.949 5.573 19.5091 121,0331 15,4031 12.0541 13.8311 15.4411 15.0111 13.8911 15.3551 1,956 12351 1.171,487 149.0251 2.171 37,418 1.159,880 2.171 New Aomnev 1,468.057 185.0991 37.418 1.420,376 TOTALFUNDS 8.272.447 1532,2961 7.740,151 Pa8e 38 continued... rANT£R8URY OASTTRusr NOTES TO THE FINANCIALSTAyEME￿fS- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- continued Comparative net movement in funds. indvded in the above a￿ as follow5.' Incoming resources Resource5 expended Gains and 1055e5 Movement in funds Unrestricted funds General 7.538.917 18.160,8941 174.780 1447.1971 Restrirted funds Other resiiitted funds Woodchurch Poulton Wood Horticuliufe 1.701 2S.$45 21.044 1,274 8.316 16611 110,5961 115.4711 110.7831 129.3491 15.4031 13.0731 13.7191 113.5541 16.0111 111.0151 122.0251 13.6(Kll 15901 1,040 14.949 5,573 19,5091 121.0331 15.4031 12,0541 13,8311 15.4411 15.0111 13.8911 15,35SI 1.9S6 12351 Catering Aldin8ton 1.0 11121 8,113 Friends of COT Sa13ries My knfe Ski115 Academy Farm Fundraisin8 Craft Room Restricted Fixed Assets 7.124 16,670 5.556 355 149,0251 11.8151 149,0251 2.171 New Romnev 3.986 101.591 1186,6901 185.0991 TOTAL FUNDS 7.640.508 18,347.5841 174.780 1532,2961 Page 39 continued... CANTERBURY OASTTRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS- tontinued A current year 12 months and prior year 12 month5 combined position is as fdlows.. Nei movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestrirted funds General 6.741.628 62.762 11.473.019) 25.344 162.7621 5,293,953 The Ra￿ Breeds Centre tlevelopment fund 6,804.39J 11.473,0191 137,4181 5,293,953 Restrtcted funds Other restricted funds Woo(Ichurch Poulton Wood Horticulture fe Skills Catering Aldington Rye Friends ofCOT Salarie5 My Life Skills Academy Farm Fundraising Craft Room Aestrirted Fixed Assets 18.¢)J6 20.801 24.630 12.751 46.941 7.462 19.308 14.564 26.730 20.773 47.185 17.811 17.915 1.693 32.368 113.3541 9.043 19.9161 122.8811 15,4031 112.2751 12,3021 116.3161 113.0441 19.0721 13.5331 12,9351 12351 50,374 7,447 33,673 2,835 24,( 2,059 7,033 12,262 10.414 7.729 38.113 14.278 14.980 1,458 1.171.487 164,2191 2.171 37.418 1.144,686 2,171 New Romnev 1.468.057 1131.9031 37.418 1.373.572 TOTAL FUNDS 8.272.447 11.604.9221 6,667,525 Page 40 continued... CANTERBURY OAST TRUST NOTESTO THE FINANCIAL STATEMENTS- continued lor the Year Ended 31 March 2025 16. MOVEMENT IN FUN05- tontinued A current year 12 months and prior year 12 months corn￿￿ed net movement in fvnds, inclvded in the above are as follows: Incoming resour￿5 Resouices expended Gains and IOSSES Movement in funds Unresirirted funds Genera5 I5.3(￿.348 116.926.9611 147,594 11,473.0191 Restricted fvnds Other restrirted funds Waodchurch Poulton Wood Horticulture 40.950 26.114 27.264 1.324 9.384 18.5821 139.4681 118,2211 111,2401 132.2651 15,4031 114,IWI 15,5131 131,4711 121.6261 120.0571 128.7031 114.1(ASI 32,368 113,3541 9,043 19.9161 122,8811 15.4031 112,2751 12,3021 116,3161 113,0441 19,0721 13.5331 12,9351 12351 Catering din8ton Rye Friends of COT Salaries My Life Ski115 Academy Farm Fundraising Craft Room Restricted Fixed Assets L814 3.211 15.155 8.582 10.985 25.170 11.171 35S 164,2191 11.8151 164,2191 2.171 New Romney 3.986 185.465 1317.3681 1131.9031 TOTALFUNDS 15.491,813 117.244.3291 147.594 11,604.9221 17. RELATEO PARTY D15CLOSURES The Trust is exempt from the requrrements to prepare group accounts by virtue of section 402 of the Companies Att 2006. These financial statements therefore present information about the eompany as an individual undertaking and not about its group. Charities SORP allows a subsidiary to be excluded from consolidation if its results are not material to the group. In the opinion of the Trvstees the turnover and net a55ets of COT Tradin8 bmited are not matwial in the context of these accounts and therefore consolidated accounts have not been prepared. Page 42 continued... CANTERBURY OASTTRUST NOTESTO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025 17. RELATED PARfY DISCLOSURES- ¢ontinued In the year, mock inspection 5ervice5 with a valuÈ of £Nil 12024..£7.8951 were involced to Canterbury Oast Trust by Tar3 Health Ltd. a company over which a related party arted as a senior consultant. No amounls were outstanding at 31 March 2025. In the year. software purchases wth a value of £9.578 12024- £22.9881 werè invoiced to Canterbury Oast Trust by Intelligent Care Software Ltd, a company in which a related paty ts a member of Key Management Personnel. No amounts We￿ outstanding at 31 March 2025. 18. POST BAiANCE SHEET EVENTS Sale ol Mariners Property- the sale of this pr¢¥erty for £6415[￿ was agreed in March 2025. but did not £oMplete until May 2025. Page 42 continued... CANTERBURY OASTTRusr DEfAILED STATEMENT OF FINANCIALACTIVfflES for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donation5 and leycles Gifts Legacies Donated sefyices and facilities Corporate Donors 397,463 39,979 410.956 266,966 1.000 5.556 5,615 443.057 684,478 Investment income Deposlt aceovnt intsrèst 2.380 13,412 Charltable artlvlties Income by Charitable Activity 7.396.581 6.927,271 Other income Gain on Sale ol tangible fixed assets Governmen¢Brants received 13981 9.685 5,891 9.456 9,287 15,347 Total ￿(oming resourtes 7,851,305 7.640.508 EXPENDITURE Raising donations and Itgaties Wa8es Pensions Advertising Computer costs 55,112 26.675 560 4.125 3,548 14.237 69.349 34.9)8 Charitable artivities Wages Pensions Purchases Utility and telephone costs Vehicle tosts Insurance Repairs and maintenance Bank charges Advertising Carried forward 5,284,196 87,090 618,089 273,750 93,948 142.054 432.190 39,707 39.743 7.010.767 4.916,176 83,048 727,720 272,866 73,807 129.652 439,961 44.473 21,180 6.708.883 Thi5 Page does not form part of the sratutory finanaal statements Pa8e 43 CANTERBURY OASTTRUST DETAILED STATEMENT OF FINANCIAL AcfiviTIES for the Year Ended 31 March 202S 31.3.25 31.3.24 Charitable activities Brought forward Miscellaneous Postage and stationer 7,010,767 21.850 10.492 6,708,883 19,626 11,090 7.043.109 6,739,599 Other Bank interest 1,154 Support costs Other Wages Pensions Purchases Insurance Vehicle Costs UtiliDes and Telephone Postage and stationery Repairs and maintenan Depreoètion Other Costs Bank charBe5 Trainin8 Miscellaneou5 842,797 973 5,661 28,765 15,600 2,107 17,2S4 203,198 274,952 878,408 15.690 5.884 10.548 10,820 31.979 17.183 70.510 284,829 101.700 5.365 26.245 31,730 8,672 42.3 1,486.769 1.490.891 Governan￿ costs Wages Pensions Utilities and Telephonè Postage and stationery Professional Bank char8es Trainin8 111,764 15,498 37,760 5,360 127,136 66.117 1.181 2,407 1.293 7.655 404 1,975 297,518 81,032 Total resources expended 8.896,745 8,347,584 Net expènditure before gains and losses 11.045.440) 1707.0761 Realised recoBnised galns and10￿e5 Realised gain5lllosse51 on fixed asset investments 127,1861 174,780 Net expenditure 11,072,6261 1532.2961 Thts page does not fom part of the statutory finanoal statements Page 44