Company registration number: 4229818 Charity registration number: 1088973 The Campden and District Peelers Trust (A company limited by guarantee) Annual RetN)rt and Financial Statements for ￿ Year Ended 30 June 2021 Clement Rabjohns Limited 1111113 High Street Eve5ham Worcestershire WR11 4XP The Campden •rrfl Dtstrict Peelers Tn RefererKe and AdmTnistratlve Details Trustees, Report 2to4 Statement of Tntstees. Re¥￿nsIbIlitieS Independent Examinerfs Report Statement of Financial Activitie5 Balantr Sheet Notes to the Financial Statements 9t016 The Campden and District Peelers Trust Reference arKI Admlnlstrative Details Trustees Mr J R Ellis M E Fisher Mr G M Greenall Mr M M Lindner Mr5 A B Taylor Mr P Fiell Mr C Leese Mr D Raby Old Police Ststion High Street Chipping Campden G1￿jceStershlre GL55 6HB Prlnclpal Office Registered Office Old Police Station High Street Chipping Camp GI￿jceSte15h1re GL55 6HB The charity is iwrated in EnglarKI and Wales. Company Re4iStration Number 4229818 Charlty Reglstration Number 1088973 Banker5 Lioy(ts Bank PIC 19 High Street Eve5ham Worcestershire WR11 4DQ COIF Charlty Funds CCLA Investment Atsnagement Ltsl 80 Cheapside LorKlon EC2V 6DZ Independent Examiner Clement Rabjohns Limited 1111113 High Street Evesham Worcestershire WR114XP Page 1 The Campden and Distrirt Peelers Tntst The Trustees are pleased to present their rel￿ and the finandal statements for the year ended 30 June 2022. The caM￿￿en and District Peeler5 Tnst is a company limited by guarantee, inco￿Orated on 6 Ju 2LX)1. and a reglstered tharity. registered on 19 October 2thJ1. It is govemed by its knorandum and Articles of AsSoCfati￿. In the event of the company being w￿nd up. members are required to contribute an amount not exceeding £1 each. The Directors of the charitable ccrfnpany Tnjst") are fts T￿￿teeS for the purp05e5 of Charity Law and throughout thls report are collectlvely referred to as the Trustees. In accordan￿ vrith the Articles of As50c?ation of the Trust, there must k between three a￿1 nine Tru5tee5 in office at aw one time, inclusive. ChiFping Camtmjen Town Counc?I has the power to apwint Trustee5, provided that the number so ap￿1]nted neither exceeds f￿r, nor represents a majority. New TnL5tee5 are prowded with copies of the Tnrt's objectyve5 as well as the compar¢y's Memorandum and Artide5 of Assoaation and are briefed by the chaimian on the role of Director5 and Trustees. No fornial training 15 provi(Jed to Trust&5 they are er￿oUraged to make themselves aware of their restM)rtsibilities by attendiTrA outside CL￿rse$. The Trustees have revi￿￿ the major risks to which the charity is ex￿)Sed Systems have been established to mitigate any Tmpact that they may have M the Twst In the future. The management of the Trust is undertaken by regular rneetI￿ of the Director5, which take place at approximately two monthly InteThaLs. A House hlanager is engaged by the Trust and is responsible for the day to day management. He attends the regular T￿￿tee meetirb4S and reports on daily matters to the Chalrnian. The objectlves of the Tr￿t are to promote the i*nefit of the inhabitants of ChippTng Campden and the Surrounding afea by associating together the inhabitants and the Icral authorities, voluntary and other organisations to advance education. soclal welfare and lefsure time crcupations, in particular by the provision of a communlty centre. The Trust meets this objective by leasTng and managing the property knovm as the Old Police Station, High Street. Chipping camp￿ and yjb-letting to organisatlons providing semces for the benefit of local resTdents. It atso makes available offices and rneeting rooms for hire to local organisations. Achievements and perforniance Page Z The Campden and Distrirt Peelers Trust The Trust has had a Satisfactory year, with positive finandal conditiorfj. Ail rooms were let with the exception of the rear grrxjnd floor room reported last year. Although there have been several expresslons of interest from our marketing efforts. none of these have come to completion. The interested parties were all start-up b￿nesses, LNplly prewously workTng from home, and they decided that trading conditions were tw uncertain to be able to commit to a lease agreement. The Trust knefitted froFn use of the Court Room by a film company. They required complete use of the building during actLkil filming, but all tenants were infom)ed and we decided to give them all a share of the revenue we received whlch was mLKh apweciated by them. LKJring the tt￿r5e of the year we athse(I tenants were due for a rent reyiew that we would revieiwing the rent and seryice charge5 for implementatior) from 1 July. Charge5 had not been rewewed during the Covid periThJ so were well overdue. The Increases f7nally assessed were accepted by all tenants and will have a signlflcant benefit in the ojrrent year. During the c(yJrse of the year the Tnrt has had a major redecoration of the ground floor passages and is planning to redecorate the other passages this year. We have also reorgani5ed facilites In the kitchen to make them more convenient for tenants. Arrangements are also being rnade to undertake some repairs to the front rLK)f tiles of building. but the availability of sultable roofirtg contractors has delayed carrying wt the work. Financial Revfew The accounts for the financial year ending 30 June 2022 show net income for the year of £709 including an expertse of £1.075 relating to the decrease In value of our investments, glYlr)g total reseryes of £28,133. Pknt of the Trust's fund5 are to be spent in the sh(¥t temi, so tth are no funds for long terni investments. The iJnre5tricted funds at 30 June 2022 were in surplus amounting to £28.133 12021 £27,425 surplus). These funds are requlred to continue the refurbishment and development of the property, and to cont5nue the provision of a community facility. As at the year end. none of the un￿trIcted funds have been designated for a specific purpose and are therefore available for the general purpose of the trust. The Trustees will keep the level of the unrestrbcted funds under rewew to ensure that the Trust ￿1[ be able to c¢Mtinue its current activities. No designated funds were 0pa￿d at the CL¥nmencement of or during the year. There V￿re no restricted fun(ts at 30 June 2022. Plans for Future PerkKIs The Trust plans to continue to provide community facilitie5 to the inhabitants of Chipping Campden and the surrounding C￿nm￿nitieS in the Old Police Statior). The T￿￿t has no current plan5 to acquire any other property for this pur[￿. but does not rule ¢yrt this possibility at some time in the future. Page 3 The Caryden and District Peeler5 Tnjst Trustees, who are Directors for the purFrf)se of company law and T￿￿teeS for the purpose of charity Law, who served durtng the year and up to ￿ date of this report are set ￿t on page 1. Independent Examiners Clement Rabjohns Ltd were reappoTnted as Indepenknt Examiners to the Trust durfjng the year aThJ have expressed their willingnes5 to continue in that capacTty. This report has prepared in accordance with the Statement of Recommended Practice for accounting and reporting by charities lapplTcable to tharities preparing their acc¢yJnts in accordance with the Financial ReE￿ing Standard applicable in ￿ UK and Rewblic of Ireland IFRS 102)). The annual re￿rt was approved by the trustees of the charity on 24 November 2022 arid signed on its behalf by: Ills Tru Mrs A B Tayior Tr￿tee Page 4 Statement of Tru5tees' Responsibilities The tnsstees Iwho are also the directors of The Campden aThJ District Peele￿ Trust for the purpose5 of company lawl are respxjnsible for preparing the tru5tees' report and the financial statements in accordance wsth the United Kingd￿ AccountTng Standards (United Kingdom Generally Accepted Accounting Practice) and aFvlicable law and regulations. Company law requires trustees to prepare financial statements for each financial year. Under company Law the trustee5 must not approve the financial statements unle55 they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources. including its income and expenditure. for that period. In preparing these financial statements, the trustee5 are required to: select sultable accountlng wllcFe5 and apply t￿rn con575tently. obserye the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent" state whether applicable UK Acco￿tIng Standards have been foltowed, ￿]ect to any material departures disclosed and explained in the fTnancial statements. and prepare the financial statements on the going c(*Kem basTS unleks it is inappropriate to presume that the charitable company will C￿tirllJe in buslness. The trustees are responsible for keeping adequate accounting record5 that are sufficient to show army explaln the charftsble companrfs tran5actton5 and dlsclose wlth rea￿nable accuracy at any tlme the financlal posltlon of the charftable company and enable them to ensure that the flnancial statements comply with the Companies Act 2006. They are atso re¥￿nsible for safeguarding the assets of the charitable company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the chartty on 24 November 2022 and slgned on Its behalf by: Trust Mrs A B Taylor Trustee Page 5 Independent Examlner's Report to the trustees of The camp￿ and Dlstrict Peelers Trust I report to the charity trustees on my examination of the accounts of the charTty for the year ended 30 June 2022 which are set out on pages 7 to 16. Respectlve responsibilities of trustees and examiner As the charlty'5 trustees of The Campden and fmstrfct Peeler5 Trust {and also its dlrertors for the purposes of company lawl you are re¥K￿￿ble for the pieparatlon of the accounts in accordan with the requirements of the Companies Act 2006 {'￿ 2￿6 Act.). Having satisfied myself that the accounts of The Campden and District Peelers Trust are not required to be audited under Part 16 of the 2(K16 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Dlrectlons given by the Charity Commission under sectÈon 145151{bl of the 2011 Act. Independent examlner's statement I have c(Ampleted my examirbation. I confirm that no matter5 have come to my attention in connectlon with the examination giving me calfje to believe: 1. accounting records were not kept in respect of Tr Campthn and District Peelers Trust as required by section 386 of the 2(MJ6 Act. or 2. the accounts do not accord vrith those records: or 3. the accounts do not comply wlth the accountFng requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which Is not a matter conside￿d as part of an independent examination. or 4. the accounts have not been prepared in accordance with the rnet￿)dS and principles of the Statement of Recommended Practice for accounting and repcrting by charities lapplicable to charitTes preparing their aCc￿nts in accordance with the Financial Rewrting Standard applicable in the UK and Rewblic of IreiarKI IFRS 1021]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this reF#)rt in order to ￿able a proper understsnding of the accounts to be reached. 1111113 High Street Evesham Worcestershire WR11 4XP 24 November 2022 Page 6 The Caryden and D15trlrt peele￿ Tnst Statement of Flnanclal Artlvltles for the Year Ended 30 June 2022 (Includlng Income and Expendlture Account and Statement of Totsl Recognlsed Gains and Unrestrlcted funds Total 2022 Income and End0wm￿ts from: D￿ationS and legacTes Charitable activities Investment irKome 20,CKKJ 70,553 539 70.553 539 Total income Expendlture on: Charitable activitles Total expenditure Net income 709 709 Net movement In funds 709 709 Reconciliation of furKIs Total funds brought forward Total funds carried forward 18 Unrestricted funds Total 2021 Income and End0wm￿ts from: Donatlons and legades Charitable activities Investment income 20.( 57.157 20,ChJO 57,157 Total income Expendlture on: Charitable actiwties Total expenditure Net Income Net movement in funds 5.459 5,459 Recondllatlon of funds Total funds brought forward Total funds carried forward 18 All of the charity¥ aCti￿tieS derive fri>m contlnufng ot*rations during the atyjve two perlods. The funds breakthwn f(ff 2021 is shown in note 18. The notes on pages 9 to 16 fonn an inte8ral part of these financial statements. Page 7 The Campden arrfl DSstrirt Peelers Tntst (Regfstratlon number. 4229818) Balance Sheet as at 30 June 2022 2022 2021 Note Fixed assets Tangible a55et5 Investments 7.679 14 Current assets Debtors Cash at bank and In hand 15 16 8,934 16,523 20,545 30,731 Creditor5: Arnounts falllnq due wlthln one year Net current (liabilities}lassets 17 777 Net assets Funds of the charlty: Unrestricted income funds Unrestricted funds Total funds 18 For the financial year erKlin4 30 June 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2((*J relating to small companies. Directors. responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance ￿th section 476. and The directors acknowledge their resp￿$¥biLitieS for C￿plYing with the requirements of the Act with respect to accwnting ￿ordS and the preparation of accounts. T￿se accounts have been prepared in accordarxe w￿h the provisions applicable to companies subject to the small companie5 regime. The financial statements on pages 7 to 16 were approved by the trust&s. and auth¢xised for issue on 24 November 2022 and signed on their behalf by: Tru The r￿te5 on pages 9 to 16 fonn an integral part of these financbal statements. Page 8 The Campden and District Peeler5 Tn Notes to the Financiat Statements for the Year Ended 30 Jur*e 2022 1 Charity status The charity is limited by guarantee. incorywated in England and Wales, and consequently does not have share capital. Each of the tllJStees Is liable to contriLMrte an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office i Old Police Station High Street Chipplng Campden Gloucestershire GL55 6HB The principal place of business is: Old Police Station High Street Chipping Campden Gloucestershire GL55 6HB These financial statements were atrthorfsed for issue by the tr￿stee$ on 24 November 2022. 2 Accounting polfcles Summary of slgnificant accounting po17cies and key accountlng estlmates The principal accounting policies applied in the preparation of these financ5al statemer7ts are set out below. These polioes have been consistently applied to all the year5 presented. unless otherwise stated. Statement of compllance The financial 5tatefflents have been prepared in accordaKe with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FinancTal Reporting Standard applicable in the UK and Republic of Ireland IFRS t021 leffective 1 January 20151- (Charities 50RP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of IrelaThJ IFRS 102). Tly also comply with the Companies Act 2006 and Charitiès Act 2011. BasTS of preparatlon The Campden and Dlstrlct Peelers Trt￿ meets the definition of a pijblic benefit entity under FRS 102. Assets and liabilities are initially recognised at hlstorlcal cost or transaction value unless otherwise stated in the relevant accwnting policy r￿te5. Going concern The tru5tee5 consider that there are no materlal uncertalntles about the charlty's abilTty to continue as a 40in4 concern FK>r any significant areas of uncertainty that affert the carwng value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published ￿ 2 February 2016 and have therefore not included a cash flow Statement in these financial statements. Page 9 The Campden and District Peelers Trust Notes to the Flnanclal Statements ftx the Year Ended 30 June 2022 Ifici￿ and endO￿ts All Income Is recognised once the charity ha5 entitlement to the income, it T5 probable that the income will be received and am(yJnt of the income receivable can be measured reliably. Grants receiyoble Grants are recognised when the charity has an entitlement to the f¥JrTrds aThJ any conditTrons linked to the grants have been met. Where [￿fOrma￿e condltions are attached to the grant and are yet to be met. the Income is recognised as a liabTITty arKI irKluded on the bala￿e sheet as deferred income to be releasefl. £xpendlture All expenditure Is recognised ¢Mce there is a legal or c0rbStr￿tlYe obligation to that expendTture, it is probable settlement is required and the amount can be rnea5ured reliably. All costs are allocated to the applicable expendlture heading that aggregate similar costs to that category. Where costs cannot be dTrectly attributed to partiojlar headings they have been allocated on a basis consistent th the use of resources, with central staff costs allocated on the ba515 of time spent, and depreciation charges allocated on the portion of the as5et'S Use. Other yjpwrt costs are allocated based on the spread of staff costs. Charltoble activitie5 Charitable expenditure comprises those costs incurred by the tharity in the delivery of Its activities and services for its benef7ciaries. It include5 t#)th costs that can be allocated directly to such activities and those costs of an indirect nature necessary to sUp￿rt them. Governance costs These include the costs attributabLe to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and tnistees's meetings and reimbursed expenses. Government grant5 Govemment grant5 are recognised based the accnjal n￿1 and are measured at the fair value of the a55et received or recelvable. Grants are c(assified as relating either to revenue or to a55ets. Grants relating to revenue are iecognised in inc￿ over the peri￿1 in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is defe￿ed. it is recognised as deferred income. Taxatlon The chatlty Is considered to pa5S the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore Tt meets the definition of a chaiitable company for UK corwration tax purposes. Accordingly, the charity is p)tentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sectlon 256 of the Taxatfon of Chargeable Gains Act 1992. to the extent that wch income or gains are applled exclusively to tharttable pur[#￿. Depreciation and amortÈsation Depreciation ts pmvided on tangible flxed assets so as to write off the c05t or valuati￿, le55 any estimated residual value, over their expected useful ecLKM)mic Ilfe as follows". Depreciation method and rate Straight line over 4 or 6 years Fumiture and equTpment Page 10 The Campden and District Peeler5 T￿￿t Notes to the Flnandal Statements for the Year Ended 30 June ZOZZ Flxed asset Investments Fixed asset investments, other than pn)gramme related investments, are included at market value at the balance Sheet date. Realised gains and losses on investments are calculated a5 the difference between sales prLKeeds and their market value at the start ol the year. or their Subseql￿nt cost. and are charged or crethted to the Statement of Financial ACtI￿tIeS in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Finanaal Actiwties based on the market walue at the year end. Trade debtors Trade debtors are amounts due from customers for merchandi* sold or savice5 performed in the ordinary course of business. Trade debtors are recognised invttally at the transacti¢)n prKe. They are subsequently measured at amortised cost using the effective interest method, less provfslon for Impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charlty 11 not be able to collect all amounts due according to the original terms of the receivables. Cash an