Charity number: 502457
COOPER PATTINSON'S TRUST HOMES
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Armstrongwatson.
Accountants, Business & Financial Advisers

COOPER PATTINSON'S TRUST HOMES
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to thè financial statements
8-23

COOPER PArriNSON'S TRUST HOMES
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
Mrs D R Malthews
Mr P G Matthews (resigned 1 June 2024)
Mr A D Bromley (resigned 1 September 2024)
Mrs J L Sansom (resigned 31 August 2023)
Mr D H Graham (resigned 23 May 2023)
Mr M G P Matthews
Mrs B M Hibbert (appointed 10 August 2024)
Mrs J Leigh (appointed 17 December 2024)
Charity reglstered
number
502457
Princlpal offlce
Rayrigg Estates Limited
Rayrigg Road
Windermere
Cumbria
LA23 1 BW
Accountants
Armstrong Watson Audit Lirnited
Chartered Accountants
James Watson House
Montgomery Way
Rosehill
Carlisle
Cumbria
CA12UU
Bankers
National Westminster Bank PIC
2 High Street
Windermere
Cumbria
LA23 1WY
Page 1

COOPER PATTINSON'S TRUST HOMES
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 6 April
2023 to 5 April 2024.
Objectives and activities
a. Policies and objectives
The objective of the Charity is by charitable means but not otherwise, to provide and maintain dwelling houses,
flats or other residential accommodation for the residence and use of persons who are aged or infirm, or unable
to obtain employment because of ill heallh or other disability, but who are fully able to care for themselves and
who are in need of financial assistance in the provision of suitable residential accommodation of the type
provided by the Charity in the South Lakeland District and who are preferably..
Christian Scientists, or
persons who have resided in the South Lakeland District for at least fifteen years, or
persons employed for at least ten years (whether or not continuously) by the laie Thomas Cooper Pattinson of
Rayrigg Hall, Windermere or by any member of his family or by any Company or business controlled or formerly
controlled by him or them or any of them.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Comm ission relating to public benefit, including the guidance 'Public benefit.. running a
charity {PB2)'.
b. Maln activltles undertaken to further the Charity's purposes for the public beneflt
The Trustees have considered the guidance published by the Charity Commission in relation to public benefit
and confirm Ihat Ihey adhere to this guidance. The Trustees believe that the charity's objectives and activities
ensure that it assisls a variety of beneficiaries wilhin South Lakeland District.
Achlevements and performance
a. Maln achievements of the Charlty
During the year under review, the Trustees fulfilled their objectives by providing accommodation in 14 bungalows
in Rayrigg Gardens, 8 flats in Hunter House and 2 bungalows designed specifically for the disabled known as
Llewellyn Cottages. The only full-time employee is a resident manager for whom accommodation is provided in
a separate manager's flat within Hunter House. There is also a part time gardener.
The financial statements show that the income of the Trust has been fully utilised in providing accommodalion
and warden support during the year, and in transferring sums to the designated funds recommended by the
Almhouses Association.
The Trust has completed substantial refurbishment to some of its properties in recent years and strives to
maintain a high level of standard within all of its accommodation. During the year a grant of £8,000 was received
from the Auxilliary Committee for Retirement Homes Serving Chrislian Scientists towards the refurbishment of a
bungalow in Rayrigg Gardens.
The site formerly known as the Windermere Garden Centre has been leased to Lakeland Gardens Ltd.
Page 2

COOPER PArriNSON'S TRUST HOMES
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Financial review
. Going concern
After making appropriate enquiries, the Trustees have a reasonable expeclation that the Charity has adequate
resources to continue in operalional existence for Ihe foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements.
b. Reserves pollcy
The Trustees have reviewed the level of reserves held by the Charity. The review encompassed the nature of
the income and expenditure streams and the nature of the reserves held by the Charity.
The review concluded thal to allow the Charity to be managed efficiently and to provide a buffer for uninterrupted
service, a level of free reserves amounling to £100,000 should be maintained. This equates to approximately 14
months of unrestricted fund expendilure. The trustees believe that should the activities of the Charity cease Ihey
would require this amounl of time in order to re-house all of the residents of the properties owned by the Charity.
The analysis of net assels between funds (note 18 in the financial statements) shows Ihat unrestricted free
reserves (i.e. excluding tangible fixed assets) amounted to £263,770 (2023 £224,890) as of the balance sheet
date.
c. Investment powers and restrictions
The Trustees have absolule discretion to invesl in any stocks, funds, securilies or inveslments authorised by law
for the investment of trust funds or in the purchase, repair or improvement of any freehold or leasehold property
whether or not required in whole or in part for occupation for the purposes of the Trust.
d. Rlsk management
The Trustees have considered the risks that face the charity through its operating activities and consider all risks
when making decisions which affect the charity financially, slrategically and operationally.
Structura, governance and management
a. Governing document
Cooper Pattinson's Trust Homes is administered from Rayrigg Road, Windermere, Cumbria. LA23 1BW and is
regislered as a charily number 502457 with the Charity Commissioners. It is constituted by a Deed of Trust
dated 14 May 1973 as amended by an order of the Commissioners on 18 November 1999.
b. Methods of appointment or election of Trustees
The affairs of the Charity are managed and conducted by the Trustees who have full power to act in the name of
and on behalf of the Charity in the furtherance of its objectives. The number of Trustees shall nol exceed six
and shall not be less than ￿0. The power of appointing new Trustees is vested in the surviving or continuing
Trustees for the time being.
c. Pay policy for key management personnel
The Trustees consider the Board of Trustees as comprising the key management personnel of the charity in
charge of directing and controlling the charily and running and opertaing the charity on a day to day basis. All
Trustees give of their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses
and related party transactions are disclosed in note 19 to the accounts.
Page 3

COOPER PATTINSON'S TRUST HOMES
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Plans for future periods
The Trust owns further land which may be available for future improvements or extensions to residents, facilities
The Trustees are building up reserves out of contributions from residents with a view lo improving or extending
the accomodation.
Statemant of Trustees. responsibllities
The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Truslees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to..
select suilable accounting policies and then apply them consistently.,
observe the methods and principles of Ihe Charities SORP IFRS 102).,
make judgments and accounting estimates thal are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any malerial
departures disclosed and explained in the financial statements,.
prepare the financial stalements on Ihe going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's Iransactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charilies Act 2011, the Charity
(Accounts and Reports} Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Mrs D R Matthews
Trustee
Date: 12
Page 4

COOPER PArriNSON'S TRUST HOMES
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Independent examiner's report to the Trustees of Cooper Pattinson's Trust Homes ('the Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2024.
Responsibilities and basis of report
As Ihe Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Act.).
I report in respect of my examination of Ihe Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounls in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing Iheir accounts in
accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) in
preference to the Accounting and Reporting by Charities- Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records,. or
Ihe accounts do not comply with the applicable requirements concerning the form and conlent of
accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement
Ihat the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely lo the Charitqs Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examiner's report and for no other
purpose. To the fullest extent permilted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Dated.. 18 rrrJcki
Karen Rae
FCCA
Armstrong Watson Audit Limited
Chartered Accountants
Carlisle
Page 5

COOPER PATTINSON'S TRUST HOMES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Investments
Other income
8,000
8,000
158,092
2,867
2,840
20,000
158,129
936
2,061
158,092
2,867
2,840
Total income
8,000
163,799
171,799
181,126
Expenditure on:
Charitable activities
14,180
117,843
132,023
139,596
Total expenditure
14,180
117,843
132,023
139,596
Net (expendlture)lincome
Transfers between funds
{6,180)
(8,000)
45,956
8,000
39,776
41,530
16
Total transfers
(8,000)
8,000
Net movement In funds
(14,180)
53,956
39,776
41,530
R•conclllatlon of funds:
Total funds brought forward
Net movement in funds
382,248
(14,180)
450,034
53,956
832,282
39,776
790, 752
41,530
Total funds carried forward
368,068
503,990
872,058
832, 282
The Statemenl of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 23 form part of these financial statements.
Page 6

COOPER PATTINSON'S TRUST HOMES
BALANCE SHEET
AS AT S APRIL 2024
2024
2023
Note
Flxed assets
Tangible assets
Investments
12
608,288
273,144
607,392
226,860
13
881,432
834,252
Current assets
Debtors
Cash at bank and in hand
14
2,385
10,393
2,560
10,199
12,778
12,759
Creditors.. amounts falling due within one
year
15
(22,152)
(14,729)
Net current liabllltlas
{9,374)
(1,970)
Total assets less current liabilities
872,058
832, 282
Total net assets
872,058
832, 282
Charity funds
Restricted funds
Unrestricted funds
16
16
368,068
503,990
382,248
450,034
Total funds
872,058
832.282
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Mrs D R Matthews
Trustee
Date: 1Z-E*xX￿ 20L)
The notes on pages 8 to 23 form part of these financial statements.
Page 7

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
General information
Cooper Pattinson's Trust Homes is a charity registered in England and Wales. The charity number is
502457 and the registered address of the charity is Rayrigg Estates Limited. Rayrigg Road, Windermere,
Cumbria LA23 1 BW.
Accounting pollcies
2.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair. view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Cooper Paltinson's Trusl Homes meets the definition of a public benefil entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to Ihe income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes bul not expended during the period is shown in the relevanl
funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where enlitlemenl occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of Ihe service.
2.3 Expenditure
Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of Ihe lolal of direct costs and shared Gosls, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that aGtivity. Sharod co8tc which contribute to mor9 than ong activily and si Ippnrt r.nql* INhin,h Arp.
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of lime spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 8

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies (contlnued)
2.3 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposiled.
2.5 Tangible flxed assets and depreclatlon
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
At each reporting date the Charity assesses whether there is any indication of impairment. If such
indication exists, Ihe recoverable amount of the asset is delermined to be the higher of ils fair value
less costs to sell and its value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following bases:
Freehold property
Furniture and equipment
2 % straighl line
20 % straight line
The depreciation charged on freehold property is based on building costs of £900,000. Land is not
depreciated.
2.6 Investments
Fixed asset investmenls are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses} on
investments, in the Statement of financial activities.
2.7 Debtors
Trade and other debtors are recognised at Ihe settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 9

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement. and the amount
of the settlement can be estimated reliably.
Liabililies are recognised at the amount that the Charity anticipales it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on Ihe present value of those
amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financlal instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.11 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity lo the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the noles to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against Ihe specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Critical accounting estlmates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Critical areas of judgment..
The entity receives rental income from its tenants. As a result, the Trustees have estimated that the most
appropriate basis of support cost allocation is based upon properties. The costs of managing and
maintaining the properties are considered as direct costs with other costs being allocated to support.
Establishing useful economic lives..
Establishing useful economic lives for the depreciation purposes of property, plant and equipment
comprise a significant portion of the lotal fixed assets. The annual depreciation charge depends primarily
on the estimated useful economic lives of each type of asset and estimates of residual values. The
trustees regularly review these assets useful economic lives and change them as necessary lo reflect
current thinking on remaining lives in light of prospective economic utilisation and physical condition of the
assets concerned. Changes in asset useful lives can have a significant impact on depreciation charges
for the period. Details of the depreciation policies based on estimated useful economic lives are included
in accounting policy note 2.5.
Income from donatlons and legacies
Restricted
funds
2024
Total
funds
2024
Grants
8,000
8,000
A grant was received towards the refurbishment of a bungalow at RayRigg Gardens (2023 £20,000
towards boiler refurbishment at Hunter House).
Restricted
funds
2023
Total
funds
2023
Grants
20,000
20.000
Page11

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Income from charltable activities
Unrestricted
funds
2024
Total
funds
2024
Rental income
158,092
158,092
Unrestricted
funds
2023
Total
funds
2023
Rental income
158,129
158,129
Investment income
Unrestricted
funds
2024
Total
funds
2024
Bank interest receivable
2,867
2,867
Unrestricted
funds
2023
Total
funds
2023
Bank interest receivable
936
936
Other Incoming resources
Unrestricted
funds
2024
Total
funds
2024
Miscellaneous income
2,840
2,840
Page 12

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Other Incoming resources (continued)
Unrestricted
funds
2023
Total
funds
2023
Miscellaneous income
2,061
2,061
Analysls of expenditure on charitable actlvltles
Summary by fund type
Restrlcted Unrestricted
funds
funds
2024
2024
Total
2024
Rental
14,180
117,843
132,023
Restricted Unrestricted
funds
funds
2023
2023
Tot81
2023
Rental
74,180
125,416
139,596
Summary by expenditure type
Staff costs Other costs
2024
2024
Total
2024
Renlal
35,388
96,635
132,023
Staff costs Other costs
2023
2023
Total
2023
Rental
34,338
105.258
139,596
Page 13

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Rental
120.435
11,588
132,023
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Rental
123,487
16, 109
139,596
Analysls of direct costs
Total
funds
2024
Rental
2024
Staff costs
Depreciation
Rates and water
Heat and light
General insurance
Property repairs
Telephone
Gardenlng expenses
Christmas hampers
Assisted telephone services
35,388
21,189
8,524
4,814
4,351
24,165
968
1u,ugi5
1,458
1,483
35,388
21,189
8,524
4,814
4,351
24,165
968
18,095
1,458
1,483
120,435
120,435
Page 14

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expendlture by activities (continued)
Analysls of direct costs {continued)
Total
funds
2023
Rental
2023
Staff costs
Depreciation
Rates and water
Heat and light
General insurance
Property repairs
Telephone
Garden expenses
Christmas hampers
Assisled telephone services
34,338
19,669
8,238
4.297
3, 768
32,298
989
17,164
1,383
1,343
34,338
19,669
8,238
4,297
3, 768
32,298
989
17,164
1,383
1,343
123,487
123,487
Analysis of support costs
Total
funds
2024
Rental
2024
Advertising
General expenses
Subscriptions
Legal and professional fees
Bank charges
Independent examination and accountancy fees
Trustees indemnity insurance
875
2,359
1.708
1,350
373
4,440
483
875
2,359
1,708
1,350
373
4,440
483
11,588
11,588
Page 15

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expendlture by activities (continued)
Analysis of support costs (continued)
Total
funds
2023
Rental
2023
Advertising
General expenses
Subscriptions
Legal and professional fees
Bank charges
Independenl examination and accountancy fees
Trustees indemnity insurance
1,000
2,133
570
7,751
388
3, 784
483
1,000
2.133
570
7,751
388
3, 784
483
16,109
16,109
10. Staff costs
2024
2023
Wages and salaries
Other pension costs
34,000
1,388
33,000
1,338
35,388
34,338
The average number of persons employed by the Charity during the year was as follows..
2024
2023
No.
Average employees
No employee received remuneration amounting to more than £60,000 in either year.
11.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 5 April 2024. no Trustee expenses have been incurred (2023 - £NIL).
Page 16

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
12. Tangible fixed assets
Freehold
property
Office
equipment
Total
Cost or valuation
At 6 April 2023
Additions
1,090,08S
19,779
54,434
2,306
1,144,519
22,085
At 5 April 2024
1,109,864
56.740
1,166,604
Depreclatlon
At 6 April 2023
Charge for the year
487,304
20,016
49,823
1,173
537,127
21,189
At 5 April 2024
507,320
50,996
558,316
Net book value
At 5 April 2024
602,544
5,744
608,288
At 5 April 2023
602, 781
4,611
607,392
Included in land and buildings is freehold land at a valuation of £112,296 {2023 £112,296) which is not
depreciated.
13. Flxed asset investments
Unlist•d
Investments
Cost or valuation
At 6 April 2023
Additions
226,860
46,284
At 5 April 2024
273,144
Net book value
At 5 April 2024
273,144
At 5 April 2023
226, 860
Page17

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
14. Debtors
2024
2023
Due within one year
Trade debtors
Prepayments and accrued income
650
1,735
1,050
1,510
2,385
2,560
15. Credltors: Amounts falllng due within one year
2024
2023
Trade creditors
Other taxation and social security
Accruals and deferred income
10,080
1,682
10,390
3.005
1,634
10,090
22,1 $2
14, 729
At the year end date deferred income amounting to £6,250 (2023 - £6,250) was included within accruals
and deferred income.
Page 18

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
16. Statement of funds
Statement of funds - current year
Balance at 6
April 2023
Transfers Balance at 5
inlout
April 2024
Income Expenditure
Unrestricted funds
Deslgnated funds
Extraordinary repair fund
Cyclical maintenance fund
Building development fund
Repair and Maintenan￿ fund
7,097
128,473
15,540
59,116
15,648
25,584
(9,675)
(7,985)
13,070
146,072
1 5,540
69,922
17,664
(6,858)
210,226
58,896
{24,518)
244,604
Balance at 6
Aprll 2023
Transfers Balance at 5
Inlout
April 2024
Income Exp•ndlture
General funds
General Funds - all funds
239,808
104,903
(93,325)
8,000
259,386
Total Unrestricted funds
450,034
163,799
(117,843)
8,000
503,990
Balance at 6
Aprll 2023
Transfers Balance at 5
inlout
Aprll 2024
Incom• Expenditure
Restricted funds
Mrs G M Pattinson
Estate of Mrs A L Jequier (1)
Estate of Mrs A L Jequier (2)
Estate of Mrs A L Jequier (3)
Refurbishment fund
12,027
256,829
96,360
17,032
{420)
(9,660)
(3,390)
(710)
11,607
247,169
92,970
16,322
8,000
(8,000)
382,248
8,000
(14,180)
(8,000)
368,068
Total of funds
832,282
171,799
(132,023)
872,058
Page 19

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
16. Statement of funds (continued)
Restricted Funds
The resources expended on restricled funds represents a depreciation charge on the properties held
within restricted funds. The purposes of the restricted funds are as follows-
Mrs G M Pattinson - provision of residential home.
Estate of Mrs A L Jequier (1) - provision of residential accomodation known as Hunter House.
Estate of Mrs A L Jeouier (2) - provision of residential accomodation known as Llewellyn Cottages.
Estate of Mrs A L Jequier {3) - provision of funds for repair and improvements for Hunter House and
Llewellyn Cottages (utilised for improvements).
RefurbishmentlBoiler fund Grant received towards the refurbishment of a bungalow al Rayrigg Gardens
(2023 - provision of new boilers al Hunter House). The lull amount of the grants were expended in line
wilh the grant's terms and conditions hence the grant have been transferred to unrestricted funds via a
Iransfer between funds to be 8mortised over the same period as the depreciation charge on the assets.
Deslgnated Funds
The purposes of the designated funds are as follows..
The extraordinary repair fund is a reserve fund for future major repairs. The amount transferred out of
unrestricted charitable funds is sel at The Almhouses Association recommended minimum level of £652
per unit per annum. An amount of £15,648 {2023 £14,736) has been allocated to the extraordinary
repair fund from the general funds during the year.
The cyclical maintenance fund is a reserve fund to meet Ihe cost of mainlenance recurring at regular
intervals, for example, internal and external redecoration and the cost of professional fees in respect of
inspections. The amount transferred out of unrestricted charitable funds is set at The Almshouses
Association recommended minimum level of £1,066 per unit per annum. An amount of £25,58412023 -
£24,096) has been transferred to the cyclical mainlenance fund from the general funds during the year in
respect of refurbishment costs incurred.
The building development fund is a reserve fund to meet the cost of future building development work.
No transfer from unrestricted charitable funds has been made during the current year.
The repair and maintenance fund represents amounts sel aside to cover day to day routine maintenance
work. The amount transferred out of unrestricted charilable funds is set al The Almhouses Association
recommended minimiim Ip.vp.I nf f 736 pp.r ijnit per annum. An amounl of £17,664 (2023 £16,632) has
been transferred to the repair and mainlenance fund from the general funds during the year.
Page 20

COOPER PArriNSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
16. Statement of funds (continued)
Balance at
6 April 2022
Transfers
Balance al
in/oul 5 April 2023
Income Expenditure
Unrestricted funds
Designated funds
Extraordinary repair fund
Cyclical maintenance fund
Building development fund
Repair and maintenance fund
10,392
113,991
15,540
47,137
14,738
24,096
(18,031)
(9,614)
7,097
128,473
15,540
59,116
16,632
(4, 653)
187,060
55,464
(32,298)
210,226
Balance al
6 April 2022
Transfers
Balance at
in/oul 5 April 2023
Income Expenditure
General funds
General Funds - all funds
207, 264
105,662
(93, 118)
20,000
239, 808
Total Unrestrlct•d funds
394,324
161,126
(125,416)
20,000
450,034
Balance al
6 April 2022
Transfers
Balance at
in/oul 5 April 2023
Income Expenditure
Re8trlcted funds
Mrs G M Pattinson
Estate of Mrs A L Jequier (1)
Estate of Mrs A L Jequier (2)
Estate of Mrs A L Jequier (3)
Boiler fund
12,447
266,489
99, 750
17,742
(420)
{9, 660)
(3,390)
(710)
12,027
256,829
96,360
17,032
20,000
(20.000)
396,428
20,000
(14,180)
(20,000)
382,248
Total of funds
790, 752
181, 126
(139,596)
832,282
Page 21

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
17. Summary of funds
Summary of funds - current year
Balance at 6
April 2023
Transfers Balance at 5
inlout
April 2024
Income Expendlture
Designated funds
General funds
Restricted funds
210,226
239,808
382,248
58,896
104,903
8,000
(24,518)
(93,325)
(14.180)
244.604
259,386
368,068
8,000
{8,000)
832,282
171,799
{132,023)
872,058
Summary of funds - prior year
Balance at
6 April 2022
Transfers
B81ance al
in/oul 5 April 2023
Income Expenditure
Designated funds
General funds
Reslricted funds
187,060
207, 264
396,428
55,464
105,662
20, 000
(32,298)
(93,118)
(14,180)
210.226
239,808
382,248
20, 000
(20,000)
790, 752
181,126
(139,596)
832, 282
18. Analysis of net assets between funds
Analysls of net assets between funds - current perlod
Restricted Unrèstricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Currèiil assets
Creditors due within one year
368,068
240,220
273,144
12,778
(22,152)
608,288
273,144
12,778
(22,152)
Total
368,068
503,990
872,058
Page 22

COOPER PATTINSON'S TRUST HOMES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
18. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
382,248
225, 144
228,860
12,759
(14, 729)
607, 392
226,860
12,759
(14.729)
Total
382,248
450,034
832.282
19.
Pension commitments
During the year, the charity has paid over conlributions into a defined contribution scheme totalling £1,388
(2023 - £1,338). At the balance sheet date £Nil (2023 - £Nil} was outstanding.
20. Related party transacttons
During the year, the charity purchased Trustee indemnity insurance at a cost of £483 (2023 - £483).
Page 23