Company registration number: 4229818
Charity registration number: 1088973
The Campden and District Peelers Trust
(A company IiTnited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 June 2024

The Campden and Distrlct Peelers Trust
Contents
Reference and Administrative Details
Trustees, Report
2to4
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t015

The Campden and Dlstrfct Peelers Trust
Reference and Admlnlstratlve Detalls
Trustees
Mr J R Ellis
Mr C Leese
Mrs M E Fisher
Mr M M Lindner
Mrs A B Taylor
Mr P Fiell
Mr D Raby - resigned 31.10.23
Ms J Wilkinson appointed 11.07.23
Mr P Spink- appointed 11.07.23
Prlncipal Offlce and Reglstered
Offlce
Old Police Station
High Street
Chipping Campden
Gloucestershire
GL55 6HB
The charlty is incorporated in
England and Wales.
Company Reglstration Number
4229818
Charity Registratfon Number
1088973
Bankers
Lloyds Bank Plc
19 High Street
Evesham
Worcestershire
WR114DQ
COIF Charity Funds
CCLA Investment Management Ltd
80 Cheapside
London EC2V 6DZ
Independent Examiner
Daniel James Colwell
The Old Bull Pens
Sezincote
Moreton-in-marsh
GL56 9AW
Page I

The Campden and Dfstrict Peelers Trust
Trustees. Report
The Trustees are pleased to present their report and the financial statements for the year ended 30
June 2024.
Structure, Governance and Management
al statu5
The Campden and District Peelers Trust is a company limited by guarantee, incorporated on 6 June
2001, and a registered charity, registered on 19 October 2001. It is governed by its Memorandum and
Articles of Association. In the event of the company being wound up, members are required to
contribute an amount not exceeding £1 each.
Directors and Trustees
The Directors of the charitable company ("the Trust") are its Trustees for the purpose5 of Charity
Law and throughout this report are collectively referred to as the Trustees. In accordance with the
Articles of A550ciation of the Trust, there must be between three and nine Trustees in office at any
one time, inclusive. Chipping Campden Town Council has the power to appoint Trustees, provided
that the number so appointed neither exceeds four, nor represents a majority.
Trustee induction and trainin
New Trustees are provided with copies of the Trust'5 objectives as well as the company's
Memorandum and Articles of Association and are briefed by the chairman on the role of Directors and
Trustee5. No formal training 15 provided to Trustees but they are encouraged to make themselves
aware of their responsibilities by attending outside courses.
Risk mana
ement
The Trustees have reviewed the major risks to which the charity is exposed and systems have been
established to mitigate any impact that they may have on the Trust in the future.
Or
anisational structure
The management of the Trust is undertaken by regular meetings of the Directors, which take place
at approximately every three months. A House Manager 15 engaged by the Trust and is responsible for
the day to day management and reports on daily matters to the Chairman.
Ob'ectives and activities
The objective5 of the Trust are to promote the benefit of the inhabitants of Chipping Campden and
the surrounding area by associating together the inhabitants and the local authoritie5, voluntary and
other organisations to advance education, social welfare and leisure time occupations, in particular
by the provision of a comfflunity centre.
The Trust meets this objective by leasing and managing the property known as the Old Police Station,
High Street, Chipping Campden and sub-letting to organisatTons providing services for the benefit of
local residents. It al50 makes available offices and meeting rooms for hire to local organisation5.
Achievements and erformance
The year has been a challenging one, with major repair5 to two of the roof pitches costlng almost
£25,000, and the withdrawal of the Town Council's annual grant of £20,000, which ha5 been paid
since the inception of the Trust, to provide support for below market rents for community
organisations, tenancies. This has been offset by two anonymous donations of E10,000 and £4,000
from within the community.
Page 2

The Campden and Dfstrfct Peelers Trust
Trustees. Report
There has also been a major problem with reliability of the Wi-Fi broadband system, which took
some time to identify the problem and then rectify it. The enhanced system has worked reliably
since then, but compensation had to be pald to some tenants who had to make alternative
arrangements during the period. It starkly demonstrated the dependence of businesse5 to the
reliability of the broadband system.
All rooms in the building have been let throughout the year, but since the year end there has been
one notice to terminate. The demand for small buslne55 premises remains strong, and we expect to
re-let the room when it becomes vacant.
Financial Revtew
The Trust has a substantial deficit in the accounts. due to the issue5 Outlined above. The trustees
are confident that the resulting reduction in reserves can be managed, and the high expenditure in
the current year will not be repeated. In the longer term, the second part of the Trust's 125-year
head lease with the Town Council, owner of the bullding, comes in to effect from April 2026, when
the Council finalises repayment of the PWLB loan taken out when it purchased the property. The
Trust's rent reduces significantly in April 2026 and 7S then subject to the three yearly review. The
trustees are confident that the long-term financial sustainability of the Trust will be secure, despite
the loss of the Council grant.
Investment Polic
The Trust's funds are. whenever possible, kept in interest or Investment bearing funds unless there
are short term requirements. The Trustees have regard for the level of grants available when
investing monies not immediately required for the Trust's objectives.
Reserves Polic
The unrestricted funds at 30 June 2024 were in surplus amounting to £16,181 (2023 E35,311
surplus). The Trust'5 reserves are currently unrestricted, being largely generated by operating
surpluse5. While the structure of the building is good, and rooms are at present fully let, the Trust
considers that reserves are necessary to provide for future voids in lettings, and significant adverse
circumstances. Ideally the Trustees would like to have a higher level of reserve5.
There were no restricted funds at 30 June 2024.
Plans for Future Periods
The Trust plans to continue to provide community facllltles to the ?nhab7tants of Chipping Campden
and the surrounding communities in the Old Police Station. The Trust has no current plans to acquire
any other property for this purpose but does not rule out this possibility at some time in the future.
A review of m05t rents will be undertaken for implernentation from 1 July 2025.
The Trust has a 125 year lease from the Town Council, but a new phase of the lease comes in to
force in April 2026. This will have the effect of reducTng the rent payable by the Trust, but the rent
will be subject to price escalation on a basis yet to be agreed. The effect should be to improve the
Trust's flnancial position, and enable reseNes to be improved.
Page 3

Trustees
Trustees, who are D?rectors for the purpose of company law and Trustees for the purpose of charity
law, who Se￿ed during the year and up to the date of this report are set out on page 1.
The trustees (who are also the directors of The Campden and District Peelers Trust for the purposes
of company law) are responsible for preparing the trustees, report and the financial statements in
accordance with the United KTngdom Accounting Standards {United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under
Cotnpany law the trustees must not approve the financial statements unless 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 exper)diture. for that period. In
preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently)
observe the methods and principles in the Charitles SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the fTnancial statements; and
prepare the financial Statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue Tn business.
The trustees are re5pon5Tble for keeping adequate accounting records that are sufficient to show and
explain the charitable company's trar)sactions and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Independent Examiners
Daniel Colwell & Co were reappointed as Independent Examiners to the Trust during the year.
This report has been prepared in accordance with the Statement of Recommended Practice for
accountlng and reporting by charitie5 (applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
The annual report was approved by the trustees of the charity on 281h November 2024 and signed on
its behalf
MrJ
Trust
Mrs A B Taylor
Trustee
Page 4

The Campden and District Peelers Trust
Independent Examiners Report
Report to the Trustees of The Campden and District Peelers Trust (charTty number 1088973)
On the accounts for the year ended 30 June 2024 set out on pages 6 to 15
I report to the trustees on my examination of the accounts of the above charity for the year ended
30 June 2024.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 I'the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the
2011 Act and in carrying out my examination, I have followed all the applicable Directions given by
the Charity Commission under section 145(5llbl of the Act.
Independent Examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination which give5 me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act. or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements concerning the form and content of
accounts Set out in the Charitie5 {Accounts and Reports) Regulations 2008 other than any requirement
that the account5 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.
signed:
Date:
Daniel James Colwell FCCA CTA ATT
Daniel Colwell & Co
Chartered Certtfied Accountant
Page 5

The Campden and Dlstrict Peelers Trust
Statement of Flnancial Activities for the Year Ended 30 June 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
Unrestricted
funds
Total
2024
Note
Income and Endowments from:
Donation5 and legacies
Charitable activities
Investment income
14,100
80,976
884
14,100
80,976
884
Total income
95,960
Expenditure on:
Charitable activities
116,607
116 607
Total expenditure
116 607
116,607
Net income
(20,6471
120,647}
Realised and unreali5ed gains on investments
Net movement in funds
1,517
{19,1301
119,130)
Reconciliation of funds
Total funds brought forward
Total fund5 carried forward
35,311
18
16,181
Unrestricted
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
15,000
75,504
1,052
15,000
75,504
Total income
91,556
Expenditure on:
Charitable activities
85,292
85,292
Total expenditure
85,292
Net income
6,264
6,264
Loss on revaluation of investments
914
914
Net movement in funds
7,178
7,178
Reconciliatlon of funds
Total funds brought forward
Total funds carried forward
28,133
28,133
18
35,311
35,311
All of the charity's activities derive from continuing operations during the above two periods,
The notes on pages 8 to 15 form an integral part of these financial statements
Page 6

The Campden and Distrlct Peelers Trust
(Reglstratlon number: 4229818)
Balance Sheet as at 30 June 2024
2024
2023
Note
Flxed assets
Tangible assets
Investments
13
14
3,804
11,325
5,439
30,247
Current assets
Debtors
Cash at bank and in hand
15
16
10,704
11,009
21,713
7,819
12,820
20,639
Credltors: Amounts falllng due wlthln one year
17
15,575
Net current (liabilities)la5sets
1,052
Net assets
Funds of the charlty:
Unrestricted Income funds
Unrestricted funds
Total funds
18
35,311
For the financial year ending 30 June 2024 the charlty was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The directors have not required the charity to obtain an audit of its accounts for the year in
question in accordance with section 476. and
The directors acknowledge their responsibillties for complying with the requirements of the Act
with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
The financial statetnents on pages 6 to 15 were approved by the trustee5, and authorised for issue on
28th November 2024 and signed on thelr behalf by:
Tru
The notes on pages 8 to 17 form an integral part of these financlal statements
Page 7

The Campden and District Peelers Trust
Notes to the Financial Statements for the Year Ended 30 June 2024
1 Charlty status
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not
have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation.
The address of its registered office is:
Old Police Station
High Street
Chipping Campden
Gloucestershire
GL55 6HB
The principal place of business is:
Old Po17ce Station
High Street
Chipping Campden
Gloucestershire
GL55 6HB
2 Accountlng policies
Summary of signiflcant accounting pollcles and key accountlng estimates
The principal accounting policies applied Tn the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless Otherwise
stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102} {effective 1 January 20151 (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act
2006 and Charitie5 Act 2011.
Basls of preparation
The Campden and District Peelers Trust meets the defin7tion of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at hT5torical cost or transaction value unle55 Otherwise
stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertaintTes about the charity's ability to continue
as a going concern nor any significant areas of uncertainty that affect the carrying valLAe of assets
held by the charity.
Exemptlon from preparlng a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not
included a cash flow statement in these financial statements.
Page 8

The Campden and Dlstrict Peelers Trust
Notes to the Financial Statements for the Year Ended 30 June 2024
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of the income receivable can be measured reliably.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to
the grants have been met. Where performance conditions are attached to the grant and are yet to
be met, the income is recognlsed as a liability and included on the balance sheet as deferred income
to be released.
Expendlture
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it
is probable settlement is required and the amount can be measured rellably. All costs are allocated
to the applicable expenditure heading that aggregate similar costs to that category. Where costs
cannot be directly attributed to particular headings they have been allocated on a basis consistent
with the use of resources, with central staff costs allocated on the basis of time spent, and
depreciation charges allocated on the portion of the asset's Use. Other support costs are allocated
based on the spread of staff costs.
Charitable actlvities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory
requirements, including audit, strategic management and trustees, meetings and reimbursed
expense5.
Government grants
Government grar)ts are recognised based on the accrual model and are measured at the fair value of
the asset received or receivable. Grants are classified as relating either to revenue or to assets.
Grants relating to revenue are recognised in income over the period 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 deferred, it is recogni5ed as deferred income.
Taxatlon
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordlngly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied
exclusively to charitable purposes.
Depreclation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuatTon, less any
estimated residual value, over their expected useful economic life as follows:
Depreclatlon method and rate
Straight line over 4 or 6 years
Asset class
Furniture and equipment
Page 9

The Campden and District Peelers Trust
Notes to the Financlal Statements for the Year Ended 30 June 2024
Flxed asset fnvestments
Fixed asset investments, other than programme related investments, are included at market value
at the balance sheet date. Realised galns and losses on investments are calculated as the difference
between sales proceeds and their market value at the start of the year, or their subsequent cost, and
are charged or credited to the Statement of Financial ActiVTtie5 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 FTnancial Activities based on the market value at the year end.
Trade debtors
Trade debtors are amounts due from customers for merchandlse sold or services performed in the
ordinary course of business.
Trade debtors are recogni5ed initially at the transactTon price. They are subsequently measured at
amortised cost using the effective interest method, less provision for impairment. A provision for the
impairment of trade debtors is establ75hed when there is objective evidence that the charity will not
be able to collect all amounts due according to the original term5 of the recelvables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly Ifquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant
risk of change in value.
Trade credltors
Trade credTtors are obligations to pay for goods or servlce5 that have been acquired in the ordlnary
course of business from suppliers. Accounts payable are classified as current liabilities if the charity
doe5 not have an unconditional right, at the end of the reportTng period, to defer settlement of the
creditor for at least twelve months after the reporting date. If there is an unconditional right to defer
settlement for at least twelve months after the reportlng date, they are presented as non-current
ITabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at
amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees, discretion In
furtherance of the objectives of the charity.
3 Income from donatlons and legactes
Unrestrlcted
funds
General
Total
funds
Donations and Grants, includlng capital grants;
Donations
14,100
Total for 2024
Total for 2023 (Government grant)
15,000
15,000
Page 10

The Campden and District Peelers Trust
Notes to the Flnanclal Statements for the Year Ended 30 June 2024
4 Income from charltsble activities
Unrestrlcted
funds
General
Total
funds
Letting and associated income
Total for 2024
80,976
Total for 2023
5 Investment fncome
Unrestrlcted
funds
General
Total
funds
Other income from fixed asset investments
Other investment income
513
371
513
371
Total for 2024
884
Total for 2023
1,052
6 Expendlture on charltable actlvltles
Unrestrlcted
funds
General
Total
funds
Note
Premise5 running expenses
Depreciation of tanglble fixed assets
Governance costs
112,991
1,635
1,981
112,991
1,635
Total for 2024
116607
116,607
Total for 2023
85,292
85,292
Page11

The Campden and District Peelers Trust
Notes to the Financlal Statements for the Year Ended 30 June 2024
7 Analysls of governance and support costs
Governance costs
Unrestricted funds
General
Total
funds
Independent examiner fees
Preparation and examination of the
financial statements
Other governance costs
1,890
91
1,890
91
Total for 2024
1,981
Total for 2023
1,907
8 Net incorningloutgoing resources
Net incomTng resources for the year include:
2024
2023
Depreciation of fixed assets
9 Trustees remuneration and expenses
No trustees, nor any person5 connected with them, have received any remuneration from the charity
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the
year.
10 Staff costs
There were no members of staff employed by the charity during the year (2023 - none).
There were, therefore, no staff costs incurred during the year (2023 - £Nil).
11 Independent examiner's remuneratlon
2024
2023
Preparation and examination of the financFal statements
1,890
1,800
Page 12

The Campden and District Peelers Trust
Notes to the Financial Statements for the Year Ended 30 June 2024
12 Taxation
The charity is a registered charity and is therefore exempt from corporation tax.
13 Tanglble fixed assets
Furnlture and
equipment
Total
Cost
At 1 July 2023
Additions
79,490
79,490
At 30 June 2024
79,490
Depreclatlon
At 1 July 2023
Charge for the year
At 30 June 2024
74,051
1,635
74,051
1,635
Net book value
At 30 June 2024
3,804
At 30 June 2023
14 Flxed asset Investments
2024
2023
Other investments
11,325
24,808
Page 13

The Campden and District Peelers Trust
Notes to the Financlal Statements for the Year Ended 30 June 2024
Other Investments
Listed
investments
Total
Cost or Valuation
At 1 July 2023
Revaluation movement
Disposals
24,808
1,517
15,000
24,808
1,517
At 30 June 2024
11,325
11,325
At 30 June 2023
24,808
24,808
15 Debtors
2024
2023
Trade debtors
Prepayments
7,461
5,330
2,489
7,819
10,704
16 Cash and cash equivalents
2024
2023
Cash at bank
11,009
12,820
17 Credltors: amounts falllng due within one year
2024
2023
Trade creditors
Other creditors
7,631
13,030
9,103
6,472
15,575
Page 14

The Campden and District Peelers Trust
Notes to the Flnancial Statements for the Year Ended 30 June 2024
18 Funds
Balance at 1
July 2023
Incoming
resources
Resources
expended
Balance at 30
June 2024
Unrestrlcted funds
General
35,311
95,960
115 090
16,181
Balance at 1
July 2022
Incomlng
resources
Resources
expended
Balance at 30
June 2023
Unrestricted funds
General
92,470
85,292
35,311
19 Analysls of net assets between funds
Unrestricted Total funds at
fund5
30 June
General
2024
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
3,804
11,325
21,713
20,661
3,804
11,325
21,713
Total net assets
16,181
Unrestricted Total funds at
funds
30 June
General
2023
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
5,439
24,808
20,639
5,439
24,808
20,639
15,575
Total net assets
35,311
35,311
Page 15

The Campden and Dfstrlct Peelers Trust
Detailed Statement of Financlal Actlvttfes for the Year Ended 30 June 2024
Total
2024
Total
2023
Income and Endowments from:
Donat70ns and legacies lanalysed below)
Charitable activities (analysed below)
Investment income (analysed belowl
Total income
14,100
80,976
15,000
75,504
95,960
91,556
Expenditure on:
Charitable activities (analysed below)
Total expenditure
116,607
85,292
116 607
85,292
Net income
(20,647)
6,264
Gainl(lossl on revaluation of investments
1,517
914
Net rnovement in funds
{19,130)
7,178
Reconclllatlon of funds
Total funds brought foNard
Total funds carried forward
This page does not fomi part of the statutory financial statements.
Page 16

The Campden and Dlstrlct Peelers Trust
Detalled Statement of Flnanclal Actlvltles for the Year Ended 30 June 2024
Total
2024
Total
2023
Donations and legacies
Chipping Campden Town Council
Donations
15,000
14,100
15,000
Charitable activities
Letting and associated income
80,976
80,976
Investment income
Income from listed investments
Investment income
513
371
955
97
Charitable activities
Premises running expenses
Depreclation of fixtures and fittings
Independent examinerfs fee
Bank charges and interest
{112,991)
11,635)
11,890)
91
116607
(81,490)
(1,895)
(1,800)
107
This page does not form part of the statutory financial statements.
Page 17