Step 1: Use the sum of angles identity.
We are given the equations for \( \cos x + \cos y \) and \( \sin x + \sin y \). By using the sum of angles identity for sine and cosine, we find that:
\[
\cot \left( \frac{x + y}{2} \right) = \cot \alpha
\]
Step 2: Conclusion.
Thus, \( \cot \left( \frac{x + y}{2} \right) = \cot \alpha \), corresponding to option (B).