Chipping Campden COMMUNITY TRUST Report & Accounts For the Twelve Months Ended 31" December 2025 ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 IRegi5tered Charity No. 10581871 CONTENTS Pages 3-7 Trustees Report Page 8 Independent Examiners Report Page 9 Statement of Financial Aetivities Incoine and Expenditilre Report for year to 31 Deceinber 2025 Page 10 Statement of Finq¢ ncial Activities Statenient of Affairs as at 31 Deeeniber 2025 Pages 11-14 Notes to accounts ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Registered Charity No. 10581871 TRUSTEES, REPORT Legal and Administrative Information Name: The Chipping Campden Community Trust (the "Charity") Address: clo Hon. Secretary, Mrs Susan Stainer, clo Old Police Station, High Street, Chipping Campden GL55 6HD. Status: The Charity is an unincorporated association which is registered as a charity with the Charity Commission under No. 1058187 Trustees: The following members of the Executive Committee (Trustees) served during 2025 and remained as members of the Executive Committee as of the date of this report.. Michael Allchin Anita Dee Stephen Holder Sally Lindner Susan Stainer Fiona Tierney Paul Wyatt Mark Kirkbride Hon. Chairman Hon. Secretary Hon. Treasurer Independent Examiner: Daniel Colwell & Co Chartered Certified Accountants, The Old Bull Pens, Sezincote, Moreton-in-marsh, GL56 9AW Bankers: Lloyds Bank plc. ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Registered Charity No. 10581871 Structure and Governance Constitution The Charity was constituted pursuant to, and is governed by, a constitution dated 10 September 1996 (as amended). Members With effect from the Annual General Meeting on 17th October 2025 it was resolved that the Charity's constitution be amended to terminate the membership scheme. The scheme had not encouraged significant participation or interest from the public and the time and effort in administering the scheme was not commensurate to the benefits it produced. The trustees will instead encourage participation from interested parties by organising updates and less formal meetings of those who may be interested. Executive Committee The Charity is administered and managed in accordance with the constitution by the members of the Executive Committee of Trustees. The constitution specifies that there shall be between 5 and 9 trustees at any time including 3 honorary officers, being that of the Chairman, the Secretary and the Treasurer. There were 8 Trustees at the 31st December 2025. No member of the Executive Committee is remunerated by the Charity for any time spent in connection with the affairs of the Charity. However relevant expenses are reimbursed where appropriate. The honorary officers and the trustees are appointed at an annual general meeting of the Charity. Honorary officers and other trustees are appointed for initial terms of 3 years and are able to be re-elected, but no trustee may serve more than 3 consecutive terms. The Executive Committee may, subject to certain restrictions set out in the constitution, appoint new members to serve on the committee. New members of the Executive Committee are recruited with regard to the balance on the Executive Committee from time to time of persons with relevant skills, experience, knowledge and qualifications. Objectives and Aims The objects of the Charity are to promote, through the provision of financial assistance, any charitable purpose for improving the educational, leisure, recreational and supportive facilities for the public benefit of the inhabitants of Chipping Campden and the surrounding Campden Vale area, with special regard to the needs of the young, the elderly, the disadvantaged and the disabled. ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Registered Charity No. 10581871 Activities The Charity provides financial assistance principally by way of awarding grants by decision of the Executive Committee. The Executive Committee actively seeks and considers grant applications made to the Charity. Honorary Chairman's Report The Charity has had another rewarding year. The trustees have met regularly to discuss trust business and consider the grant applications. We continue to grant aid Campden and Cotswold Edge Advisory Service, operated by Louise Kington, which is a free confidential service for older people living within our area. This service is to assist clients obtain any due benefits, help with disabled badge applications and general advice to enable clients to continue to live independently. Louise submits regular reports of her work within the community to our trustee meetings. We have continued to support Cotswold Friends, a charitable organisation operating within the Cotswolds, our grant is primarily for the vital transport service organised by the Friends, which enables clients to attend hospital appointments and other important engagements. We have also given a grant to Cotswold Edge, a youth charity providing financial support to enable students to have the opportunity to play a musical instrument and take part in other musical activities. They also give general support to disadvantaged young adults. We are delighted that our grant to the First Responders has enabled another fully equipped car to operate locally. We are pleased that our initiative to fund Pass Plus courses for students from Chipping Campden School, has received a positive uptake. These courses are for students who have recently passed their driving test. This course takes newly qualified drivers on to motorways and generally helps to give confidence to their driving skills. During the year we have awarded grants to small community projects and to individuals, some of these grants have made a real difference to the quality of life of the applicants. The trustees are always mindful of meeting the main objects of the Charity, to help the disadvantaged, the disabled, the elderly and the young. The Charity is very grateful for the many legacies and donations that we have received which has enabled us to be financially secure, but we are always looking to the future and welcome the planning of future legacies and donations. ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 IRegistered Charity No. 10581871 Financial Review The Charity maintains two different types of fund, being an unrestricted fund and two restricted funds, details of which are contained in note 2 to the financial statements. A list of all the grants made by the Charity during the financial year is set out in note 3 to the financial statements. Monies in the restricted funds may be applied only in accordance with the restrictions set out in note 2 to the financial statements whereas monies in the unrestricted fund may be applied to any cause satisfying the Charity's objects. All monies received by the Charity, including the membership donations, which are not subject to any restrictions on their application are credited to the unrestricted fund. The Charity actively seeks donations, grants and other means of funding its activities. Prior to funding any grants, monies received by the Charity are either held as cash at bank or invested in various investment funds (the COIF Charities Investment Fund, the COIF Charities Property Fund and the COIF Global Equity Income Fund) managed by CCLA Fund Managers Limited. It is the policy of the Executive Committee that, other than in exceptional circumstances, the capital portion of the restricted funds shall not be applied in funding any grants and that rather such grants shall be funded entirely from the income generated by such funds. Non- restricted grants may be funded by either or both the capital portion of the unrestricted funds or any income generated by such funds. The members of the Executive Committee have had due regard to the Charity Comfflission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. Treasurer's Report The Charity continues to be well managed with all our costs and grants being paid out of our investment income. Although our investments yielded an income of 2.910/0 in the year, there was a decline in the capital value of our investments with the CCLA. Our fund balances at the end of the year of £2,180,961 (against the figure at the end of 2024 of £2,246,497). The decrease in funds arises because of a weaker financial performance from our investments with the CCLA. In the year the value decreased by approximately 4.50/0, being a £94,474 decline in the period. In the light of the poor performance of the CCLA in managing our investments, and with particular regard to the performance of comparative investment managers, the trustees commenced a formal review of the Charity's investment management in January 2026. Income Investment Income was £65,984 for 2025 compared to £64,915 for 2024. ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Registered Charity No. 10581871 Expenditure The increase in the total exr)enditure in the year, excluding that of grant payments, from £3,735 in 2024 to £7,091 in 2025 reflects an increase in secretarial and website maintenance costs. Grants During the year, the Charity made grants totaling £30,460 12024 £29,128> of which £18,802 were made from restricted funds to aid the elderly in our community, and a total of £11,658 was made from unrestricted funds to aid the community more widely. General The Charity continues to look to the future with confidence. Its asset base remains strong and it is still positioned to continue the work envisaged by those who originally provided the bequests leading to the creation of the Charity. Risk Management The Executive Committee's policy is to limit the sum the Charity has on deposit with its bankers to the maximum sum protected under the UK Government's Financial Services Compensation Scheme. The three COIF investment funds in which the Charity is invested are specifically designed to suit charities and are only open for investment by charities. CCLA Fund Managers Limited is a wholly owned subsidiary of CCLA Investment Management Limited which is the third largest charity fund manager in the UK and has been in business for more than 60 years. Our Treasurer regularly monitors the results of the Charity's investments and the poor investment performance in 2025 has led to a formal review of CCLA'S role. Reserves Policy The Trustees, aim is to maintain free readily ac￿Ssible cash reserves in the sum of not less than £25,000 in each of the restricted and unrestricted funds as it is considered that this will enable the Charity lo respond expeditiously to grant applications as they are made from time to time On behalf of the Trustees.. Sally Lindner Hon. Chairman 2026 ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Registered Charity No. 10581871 Independent Examiner's Report to the Trustees of the Chipping Campden Community Trust for the Year ended 31 December 2025 I report on the accounts of the Charity which are set out on pages 9 - 14. Respective responsibilities of Trustees and Examiner The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required this year under section 144(2) of the Charity's Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2001 Act and follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5}(b) of the 2011 Act, and state whether any particular matters have come to my attention. Basis of independent examiner's report I carried out my examination in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect, the Trustees have not met the requirements to ensure that.. proper accounting records are kept in accordance with Section 130 of the 2011 Act; and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act., or 2. to which in my opinion. attention should be drawn in order to enable a proper und sta ing of the accounts to be reached. .2026 ames Colwell FCCA CTA ATT Daniel Colwell & Co, Chartered Certified Accountants The Old Bull Pens, Sezincote, Moreton-in-marsh, Gloucestershire, GL56 9AW. ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Registered Charity No. 10581871 STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNT YEAR TO 31" DECEMBER 2025 Restricted Unrestricted Funds Funds Total 2025 Total 2024 Incoming Resources Incoming resources from donors Investment income (see note 1b} 505 26,051 505 65,984 7,833 64,9t5 39,933 39,933 26,556 66,489 66, 748 Resources expended Grants made {see note 31 Advertising and marketing Insurance Secretarial Independent examiner's fees Internet and computer charges Bank and similar charges Miscellaneous 18,802 364 199 1,181 600 1,118 11,658 364 199 1,181 600 1,118 30,480 728 398 2,362 1,200 2,236 29, 128 734 392 488 1,200 780 81 81 162 130 22,345 15,206 37,551 32, 863 Surplus(Shortfall) for year 17,588 11,350 28,938 33, 885 Investment gainsl{lossesl 150,119) (44,3551 (94,4741 55, 166 Net Movement in Funds (32,531) (33,005) (65,536) 89,051 Fund Balances blf 1,293,720 952,777 2,246,497 2, 157,446 Fund Balan￿S clf 1,261,189 919,772 2 180 961 2,246,497 C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31" DECEMBER 2025 (Registered Charity No. 10581871 STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF AFFAIRS AS AT 31st DECEMBER 2025 2024 Investments at market value 2025 1,627.108 80,179.56 units COIF In￿stment Fund 1,549.221 127,211 121,268.31 units COIF Property Fund 129,878 349,882 118,716.85 units COIF Global Equity Fund 330,626 2, 104.207 2,009,725 Current Assets 15,052 50,781 57.253 5,166 15,244 Cash at Bank Reslricled Funds Deposit Unrestricted Funds Deposit Debtors and Prepayments Accrued Investment Income 13,837 69,427 68,084 5,383 15,705 143, 496 172,436 Current Liabilities (1. 200) Examiner's fee (1,200) 142, 296 Net Current Assets 171,236 2, 246, 497 NET ASSETS 2 180 961 ST C.C.C.T. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 (Registered Charity No. 10581871 STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF AFFAIRS AS AT 31st DECEMBER 2025 (continued) Represented by '. 2024 2025 380,228 684.946 228,546 Tryphena Wood Bequest Capital Fred Badger Fund Capital Reslricled Fund Revenue 363,S39 656,989 240,661 1,293, 720 Total Restricted Funds 1,261.189 186,553 766,224 Unreslrtcled Fund Brailhwaile Fun¢S 192,423 727,349 919,772 2,246,497 Total Funds 2 180 961 The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entilies (effective January 2015). The Report and Accounts on pages 3- 14 were approved by the Trustees on 2026 half by.. and were signed on th