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2022-03-31-accounts

Charity Registration No: 1092012 Company Registration No. 04335730 (England and Wales)

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND LEGAL AND ADMINISTRATIVE INFORMATION

Patron Sir Robert Worcester KBE DL
President Graham Clarke (resigned April 2022)
Vice Presidents Amanda Cottrell OBE DL
Tracey Crouch CBE MP
Christine Drury
Rt Hon Damian Green MP
R A Knox-Johnston
Val Loseby
Trustees John Wotton (Chairman)
Julian Glenister (Treasurer until November 19th)
Michael Moore (Treasurer from November 19th))
Peter Blandon
Margaret Borland
Nigel Britten
Richard King
David Morrish
Henny Shotter
David Wood
Company Secretary Michael Moore FCA
Branch Director Dr Hilary Newport
Charity number 1092012
Company number 4335730
Operational address & Queen’s Head House
Registered office Ashford Road
Charing
Kent TN27 0AD

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND LEGAL AND ADMINISTRATIVE INFORMATION

ADVISERS
Auditors Kreston Reeves LLP
37 St Margaret’s Street
Canterbury
Kent CT1 2TU
Bankers CAF Bank Ltd
25 King’s Hill Avenue
King’s Hill
West Malling
Kent ME19 4JQ
Investment Managers Evelyn Partners
(Formerly Smith & Williamson Investment Management)
No.1 Bishops Wharf
Walnut Tree Close
Guildford, Surrey GU1 4R
Legal Advisers Richard Buxton Solicitors
Office A, Dale's Brewery
Gwydir St
Cambridge CB1 2LJ

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS
Page
Trustees’ report 1- 10
Independent auditor’s report 11 -14
Statement of financial activities 15
Balance sheet 16
Statement of Cash flows 17
Notes to the financial statements 18-28

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Financial Statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charity’s governing document, the Companies Act 2006, the Charities Act 2011 and 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 (effective 1 January 2019).

Constitution

The Kent Branch of CPRE was founded in 1929. The company was incorporated on 6[th] December 2001 and became a registered charity on 14 May 2002. Activities within the company did not commence until 11 October 2002. The Kent Branch of the Campaign to Protect Rural England is a company limited by guarantee and is governed by a Memorandum and Articles of Association dated 6 December 2001. The company also operates under the name CPRE Kent, the Countryside Charity.

Recruitment and appointment of Trustees

The Directors of the Company are also Charity Trustees for the purpose of Charity Law, and under the Company’s Articles are known as members of the Board. The Board includes ex officio the Chairman, Vice Chairmen and Treasurer of the Charity who are elected annually at the AGM, together with up to five members who are also elected annually after prior nomination. Each of the twelve district committees and the three specialist committees (Environment, Transport and Historic Buildings) may also nominate a member, in which case nomination must be made not less than 28 clear days prior to the AGM. The requirement for 28 days prior notice enables members voting at the AGM to have had time to evaluate the candidates.

There is also provision for three additional members to be co-opted by the Board during the year. No member may serve for more than five years continuously except the Chairman, Vice Chairman and Treasurer whose ex officio role may continue after previous service as members. Members are eligible to serve again after standing down for one year.

Trustees’ training and induction

New Trustees are expected to spend time familiarising themselves with the full range of managerial and administrative work that needs to be carried out by the Company. Trustees are also encouraged to attend the meetings of district and specialist committees outside their normal areas of experience to broaden their understanding of the wider activities of the Branch. Involvement with CPRE’s wider and national activities is encouraged and is facilitated by induction days at CPRE’s national office, workshop events and conferences. Other training is arranged as needed.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities for public benefit

The objects for which the Charity is established are to promote and encourage for the benefit of the public the improvement and protection of the English Countryside and, in particular, that of Kent and its towns and villages, and the better development of the rural environment.

The principal work of the Charity is to influence planning policy and planning decisions for the promotion and protection of the countryside of Kent and beyond. We achieve this by monitoring and commenting on planning applications, local plans and planning policy, and by engaging with decision makers and the public to raise awareness and grow membership and other support.

We provide advice and support to individuals and community organisations on planning policy and process, and specialist input on individual schemes where possible. We encourage participation in the planning process and provide media and campaigning support to those local campaigns that are aligned with our organisational priorities and policies.

The Charity also works to inform decision-makers and the public on the effects of climate change and exploitation of natural resources, particularly as they affect the Kent countryside, and the need for sustainability, the impact of people’s actions and the choices that can be made.

CPRE Kent works under the umbrella of the national CPRE organisation and is one of the independent charities based in counties or regions which, along with the national organisation, make up the CPRE network. National CPRE sets policy on relevant matters in consultation with the CPRE network and administers the management of membership and subscriptions. Increasingly it also provides support in membership recruiting and in volunteer management and induction.

The trustees confirm that they have referred to the guidance contained at the Charity Commissioner’s general guidance on public benefit when reviewing the charity’s objectives.

Organisation Structure

The Charity employs a chief executive, known as the Branch Director, who was, during 2021-22 assisted by a General Manager, three specialist Planners (two part-time) and a communications and PR Manager (part time).

The staff team on 31[st] March 2022 were:

Paul Buckley – Senior Planner (retired on 31[st] March 2022) Julie Davies – Planner Vicky Ellis – General Manager David Mairs – Communications and PR Manager Hilary Newport – Branch Director Richard Thompson – Planner

The Charity is governed by a Board, supported by a structure of committees. Additional working groups are set up as required.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance

General planning

The National Planning Policy Framework (NPPF) remains the key factor which underpins a great deal of our campaigning. The NPPF stipulates that:

Not all Local Planning Authorities (LPAs) in Kent can demonstrate that their Local Plan is fully compliant with the NPPF, and as a result speculative applications for major developments on sites which have never been tested through a local plan-making process continue to come forward. Increasingly we are seeing ‘planning by appeal’, when such speculative applications are refused by an LPA (usually for very good reasons) and the promoter exercises their right to appeal that decision before a Planning Inspector.

Meanwhile our experience across most of the county is that even where local plans exist, the standard method for determining objectively assessed need is leading to local plans containing housing delivery targets which are undeliverably high. This compounds the problem of LPAs being unable to demonstrate the supply of enough land to meet those targets and leads inevitably to planning decisions that permit development that, on all other criteria, are less suitable and less sustainable. As we reported last year, recent proposed amendments to the NPPF look likely to exacerbate the imbalance between housing targets and delivery still further and put more countryside needlessly at risk of inappropriate development. More recent government turmoil, however, makes accurate predictions on the future of the planning system even more difficult.

We reported last year on the significant contribution we, alongside other branches, made to the national CPRE consultation response to the sweeping changes proposed to the planning system originally proposed in the 2020 white paper ‘Planning for the Future’, which prompted a major and continuing campaign for a planning system. We are pleased to be able to report that the worst of the impacts originally proposed have been tempered, with confirmation that the problematic algorithm that would focus major increases in housebuilding in the southern counties abandoned, and the problematic ‘zoning’ proposals that would confer outline planning permission across many designated areas with no local democratic accountability, have been dropped in what is currently proposed. However, the campaign continues, and while the recently proposed Levelling Up and Regeneration Bill contains improvements, CPRE – now at the forefront of a Planning Coalition of environmental NGOs – is still leading the calls for a planning system that:

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Local Plans/National Policy

Responding to consultations on the various stages in the development of local plans across Kent and Medway remains a core part of our activity, along with consultations in many elements of county-wide and national planning policy. Over the course of the year, district and specialist committee members have worked alongside staff to participate in the following Local Plan consultations and Local Plan examinations:

We also participated in consultations on local and national policy, including:

Major Commercial and Housing Developments

Some of the major applications that we have focused on during this year include these:

London Resort

London Resort is a proposed major theme park on the Swanscombe peninsula. An application for a Development Consent Order was submitted at the end of 2020, and after many delays and requests for further information the Examination of the proposals was due to start in March 2022. The application was withdrawn the day before the examination was due to begin. While we support the principle of brownfield regeneration and the provision of high-quality employment opportunities, this is a site where the brownfield footprint has evolved into an extraordinarily diverse range of habitats which support rare and diverse assemblages of flora and fauna, particularly invertebrates. For this reason, the site was designated as a Site of Special Scientific Interest by Natural England after lengthy consultation. The project promoters have committed to re-submitting a revised application but to date nothing has been made public.

Otterpool Park

In March 2019 Folkestone and Hythe District Council unveiled its initial plans for ‘Otterpool Park’, a Garden Town of up to 10,000 homes to the south of the M20 off J11, over a total area of 615ha which includes 357ha of farmland, purchased by Shepway District Council in late 2015. The site is now allocated for development in the Core Strategy, adopted in March 2022. The application for outline planning permission for the first phase of construction was submitted at the end of March 2022.

Lenham Heath

Maidstone Borough Council has published a masterplan detailing its proposals to build a 5,000-home garden village outside Lenham. We are working alongside the local campaigners who are objecting on the grounds of environmental damage and the lack of meaningful consultation about the proposals. The current draft Maidstone Local Plan includes this allocation and another (2,000 homes) at Lidsing near Walderslade.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Turnden, Cranbrook

We supported a request by Natural England to call in an application by Berkeley Homes for a major housing development in the High Weald AONB, outside Cranbrook, which the Planning Committee of Tunbridge Wells Borough Council had resolved to grant. After the application was called-in for decision by the Secretary of State, we appeared at the 18-day online inquiry in autumn 2021, working closely with members of the local community, who contributed generously to the costs we incurred. The Secretary of State’s decision is awaited.

Major Infrastructure

Lower Thames Crossing

The first application to build the Lower Thames Crossing east of Gravesend was withdrawn by Highways England (now National Highways) in 2020 following concerns raised by the Planning Inspectorate over inadequate consultation and traffic modelling. Further consultations on minor modifications have taken place, and a further application is awaited. Meanwhile we and other objectors maintain our objections that the proposals will cause significant environmental harm, increase harmful carbon emissions, and do little to alleviate congestion at the existing Dartford crossings.

Energy Infrastructure

The examination of the Cleve Hill Solar Park Development Consent Order application began in May 2019. Despite the clear and urgent need for low-carbon energy, we opposed this development on the grounds of its unacceptable impacts on biodiversity and landscape. Permission was finally granted at the end of May 2020, and our role now is to work alongside the developers to ensure the negative impacts of the development can be kept to a minimum.

Meanwhile major applications for solar installations on agricultural land are once again proliferating around the county.,

Other Campaign Themes

Climate Crisis

We worked alongside the wider CPRE network in developing an overarching strategy on the climate crisis that underpins the rest of CPRE’s policy positions in all other key areas. Many planning decisions are still being made which are at odds with the government’s commitment to net zero carbon, and this will continue to be a major theme in our campaigning work.

Air Quality

The impact of major development, and concomitant increase in road-based traffic, on other areas already suffering from poor air quality is becoming increasingly important in planning decisions. This is particularly the case in the light of recent court judgements requiring UK Government to meet its legal obligations to improve air quality.

Water

We have continued our engagement with the consultation processes for the water supply companies’ Water Resource Management Plans. The south east remains an area of severe water stress, and Kent is home to chalk streams which are in declining condition due to over-abstraction from chalk aquifers and due to receiving the outfall from sewage treatment plants. We maintain our campaign position that serious measures must be taken to manage the consequences of increased water consumption as the result of a rising population. We argue for efficiency in water use, less leakage, more water recycling

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2022

and the consideration of transfers between water company areas to create a functioning water grid. At the time of writing, we still await the resolution of the moratorium on development imposed by Natural England in the catchment area of the River Stour. The increased runoff of phosphate and nitrate pollutants into the river as the result of wastewater from housing and other development in the area is affecting the water quality of the nationally and internationally-protected Stodmarsh Site, important for a range of aquatic habitats and the wildlife that depend upon them. Developments in parts of Ashford, Canterbury, Dover, Folkestone & Hythe and Maidstone districts are on hold until developers can demonstrate there will be no increase in pollutants entering the Stour catchment.

District Committees and Specialist Group activity

Our district and specialist committees have continued with their core activities of reviewing and commenting on relevant planning applications, either suggesting how the proposals could be improved or objecting to them because of the effect they would have on the environment. Our Planners have assisted the committees in submitting representations on Local Plan documents (see above for details of the year’s activity) and with the joint input of specialist planning skills and local knowledge of the District Committee members we have been able to submit very effective responses to consultations and engage positively in the development of local plans. The Committees continue to engage positively with the officers and elected members of their councils.

Media and publicity

We remain a significant contributor to broadcast and print media, both within Kent and beyond. We have provided interviews for local radio and TV channels on subjects such as planning for housing, aviation, litter and waste management and major infrastructure projects. We have also continued to grow our presence on social media (Facebook and Twitter) and maintain a well-used website. We are particularly keen to engage with younger potential members and supporters and we are extending our ‘reach’ through these media considerably.

Links with outside bodies

We have continued to increase the strength of our links with many organisations, in particular Natural England, the Kent Association of Local Councils, the Kent Downs and High Weald AONB units, WKPS and the Kent School of Architecture. We have undertaken virtual planning training sessions for parish councillors, jointly organised with KALC. We have also continued to strengthen our links with other CPRE County Branches around the country, especially with Sussex and Surrey branches over matters such as aviation (especially on the potential expansion of Gatwick) and light pollution, with Oxfordshire on the water supply issues, and Essex over the Lower Thames Crossing. We have also continued to address numerous groups on various aspects of the organisation’s work, including Parish Councils, many of which are CPRE members, as well as local amenity and other organisations such as local environment groups, Rotary clubs etc. We have also participated at planning inquiries in support of Parish Councils and local community groups.

Collaborative working has been a significant theme throughout this period, with greatly strengthened links with other organisations strengthening our joint ability to campaign effectively. Organisations with whom we have strengthened our links include Kent Wildlife Trust, Buglife, RSPB, Natural England and local campaign groups, particularly over the London Resort campaign.

Plans for future periods

This reporting year, like the last one, has been marked by the restrictions necessary for Covid-19 safety. Having become accustomed to home working and remote meetings, we installed new video conferencing facilities at out office. During the year, meetings in person resumed and the staff moved to flexible working, partly from home and partly in the office. We successfully held a hybrid AGM streamed over the internet in 2021.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2022

While the ways of working of our staff and volunteers have changed significantly, the workload presented by consultations, local plan development and major infrastructure issues has continued unabated, and we have no reason to expect this to change. We will continue to manage and use our resources to champion the Kent countryside: promoting its outstanding beauty, supporting thriving rural communities, and ensuring that the countryside is properly considered and given adequate weight in planning decisions.

The forward plan we adopted in 2020-21, which better enables us to target our resources where we can have greatest impact, has continued to evolve. In the first instance, we are producing campaign material which allows us to present positive principles for planning and good development.

We will continue to work with other CPRE branches and national CPRE to provide evidence to Government of how planning works in reality; to press for existing planning permissions to be built rather than land banked or renegotiated; and for a more workable approach to housing numbers that takes proper account of constraints and does not constantly undermine Local Authorities’ plan making processes. Increasingly we are working as part of the ‘One CPRE’ network which has significantly enhanced our collective effectiveness in these strands of lobbying.

We will continue to work with as many local groups and parishes as our resources allow to help them engage with challenging planning situations, and we will continue to make representations on local plans, although to balance competing demands this will not be on all stages of every plan.

We will continue to focus our work and decide priorities with a campaign plan and update our approach to campaign planning and review our organisation of committees and working groups to reflect the needs of the organisation and availability of resources. We will continue to use the organisation structure to enable staff and volunteers to work together as a CPRE Kent team, whether focused on specific applications within a local authority administrative district boundary or addressing Kent-wide and national topics.

Communications will continue to be an essential part of our campaigning – our twice-yearly print magazine Kent Countryside Voice continues, and we also frequently update our website with our campaigns activity. We also engage through the social media Twitter and Facebook. More than ever we are using our social media channels to highlight the importance to our communities of access to the natural world, green spaces and biodiversity. We will maintain our strong relationship with local and national media. The wide range of situations and issues considered by our District Committees means that our part time Communications staff team member will always have a lot to do, and the Branch Director will quite often have reason to be on local TV or radio.

Our future depends on good organisation, teamwork and the good management of our financial resources – both day to day financial governance by our Honorary Treasurer and our General Manager, and on good oversight by trustees, and our management and finance and investment committees.

Our future also depends on our supporters - our members, donors, volunteers and those who follow us on social media. We will aim to engage with all our supporter audiences in the right way into the future to ensure support for what we do and the resources to do it.

Investment policy and review

Stock markets recovered well in 2021 but the uncertainty continues regarding the war in the Ukraine as well as the concerns that inflation is spiraling out of control

The majority of the Charity’s investments are professionally managed by Smith & Williamson, who have recently changed their name to Evelyn Partners. The Finance and Investment committee set certain benchmarks to be achieved by the investment managers to obtain a mix of income and capital growth in order to enable the Charity to fund its core activities and maintain its capital.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

We also have property which at 31st March 2022 was represented by Queen’s Head House and its tenanted flat, and a rental property in Maidstone.

Financial review

The net deficit for the year before investment gains and losses was £118,934 (deficit £93,069 in 20/21). The global stock markets continued to recover during 2021 but have declined during 2022 we are though pleased to report our investment portfolio was showing a net realised and unrealised gain for the year of £232,176 (2021 gain £873,260). Full details of the financial position for the year can be found on page 16. This year we have again made the capital transfer of £50,000 from the designated fund and this sum continues to be drawn in cash from the investment portfolio. The trustees are conscious that in order to safeguard the long-term future of the charity all its activities are planned to achieve campaigning objectives without depleting the long-term value of the charity’s designated fund. In order to fund the charity’s cash flow, we are now making withdrawals of Capital from the Investment portfolio and these withdrawals can increase if the Trustees consider this necessary to maintain our activities

Membership

CPRE Kent remains one of the strongest branches within the CPRE Network, although recruiting new members is still challenging against a national pattern of declining membership. Our normal programme of attendance at events and country shows, spearheaded by the General Manager and a strong team of volunteers, has begun to grow again after the cancellations of 2020. Recruiting events began to take place again, on a smaller scale, in 2021, once again undertaking the process of raising the Branch’s profile and encouraging new members to join. Volunteers are always welcome to help staff the CPRE Kent stand at such events.

Reserves policy

Stock markets recovered well in 2021 but the uncertainty continues regarding the war in the Ukraine as well as the concerns that inflation is spiraling out of control.

It is the long-term aim to maintain a level of liquid reserves which will be approximately sufficient for one year’s budgeted expenditure.

As at the year end the Charity held total reserves of £6,193,159, of which £226,135 was held in unrestricted free reserves. The Charity has one restricted fund at the end of the year with a year-end balance of £170. The Charity is currently holding free reserves equivalent to approximately 9 months’ overhead expenditure.

The Trustees review reserves policy annually, at the time when the budget is approved. Should it prove necessary to supplement the reserves (to reflect heightened levels of activity, for example) this will be done by calling down further funds from the Designated Fund.

Risk management

A risk management strategy has been prepared and is under regular review by the Board. It highlights the major areas of risk to which the Charity is exposed and identifies the appropriate control in the authorisation of expenditure and to ensure the health and safety of staff, volunteers and visitors. The strategy is updated quarterly in consultation with the Board.

The Charity considers a decline in membership numbers as a key risk. CPRE Kent is running an active branch events program. Membership recruitment at national level continues through an active programme of campaigns and appeals.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

Potential difficulties in future recruitment and retention of effective Trustees and key staff is also considered to be one of the key risks the Charity faces. We are now using an online platform provided by national CPRE to broaden our reach to potential volunteers and new trustees. The Charity carries out regular reviews of recruitment and retention. The Charity also reviews and updates job specifications when looking to recruit key staff.

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations Company law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law.

Under company 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 net incoming/outgoing resources for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure the financial statements comply with the Companies Act 2006 and the provisions of the charitable company’s constitution. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The following statements have been affirmed by each of the Trustees of the charitable company:

Committees

The Charity has a structure of committees to organise and oversee its work. As at 31[st] March 2019 the following committees were active:

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

The branch additionally holds quarterly meetings of the chairmen of each of these committees.

Employees and Volunteers

Our staff and volunteers continue to build CPRE’s long-established reputation for professionalism, expertise and quality. They are the reason for many of our campaigning successes. The Board is grateful for the huge amount of work that they do. The work of volunteers in the districts is supported by advice from the branch office.

Fundraising Approach and Performance

CPRE Kent undertakes fundraising activity by inviting donations through our website, Facebook and at events. We invite people to become members of CPRE Kent through our website, social media, at events and by engaging with those members of the public who approach the branch for advice on planning matters. We normally take stands at events in Kent throughout the year including the Kent County Show, ploughing matches and other rural and farming events, and although during the summer of 2020 these activities were largely cancelled the programme of events began to pick up in 2021.

Preparation for these events includes careful briefing to those involved on the day so that all contacts with potential members are polite, engaging and interesting, that no one feels pressurised to support our work, all data protection rules are adhered to, and all involved feel well briefed. Through our website and printed newsletters, we also invite people to consider CPRE Kent when making their wills.

CPRE Kent also benefits from the work of National CPRE which undertakes fundraising activity via direct mail in line with the Fundraising Code of Practice set by the Fundraising Regulator. Our Fundraising Promise is set nationally and is available through a link to our national website.

Work has continued throughout the reporting period to ensure that, in line with CPRE’s national organisation, the branch remains in compliance with the requirements of the General Data Protection Regulations which came into force in May 2018.

Remuneration Policy

The pay of all the employees is determined by the Board of Trustees on recommendation of the staffing committee.

The same benefits, including pensions, and terms and conditions apply to the principal officers as all other staff.

Auditor

Kreston Reeves LLP were appointed as the charitable company’s auditor during the year`.

Approved by the Trustees on 22[nd] July 2022

…………………………………………….

M J Moore FCA - Company secretary

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Opinion

We have audited the financial statements of The Kent Branch of the Campaign to Protect Rural England (the ‘charitable company’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities (incorporating an income and expenditure account), the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusion relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report including the Strategic Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), the Companies Act 2006, taxation and pension legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

PAGE 14

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

S M Robinson BA FCA FCIE DChA MCMI (Senior Statutory Auditor)

for and on behalf of

Kreston Reeves LLP

Chartered Accountants

Statutory Auditor

Chatham Maritime

Date:

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 15

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
Notes Unrestricted Restricted Designated Total Total
Funds Fund Funds 2022 2021
£ £ £ £ £
Income from
Donations and Legacies 2 54,496 6,678 - 61,174 64,086
Other trading activities 3,450 47 - 3,497 1,256
Insurance claim -wall 3,426 - - 3,426 -
Investment income 3 45 - 124,978 125,023 115,443
Total Income 61,417 6,725 124,978 193,120 180,785
Expenditure on
Raising funds 4 3,038 23 18,648 21,709 19,960
Charitable activities 5 280,791 8,354 1,200 290,345 253,894
Total Expenditure 283,829 8,377 19,848 312,054 273,854
Net (Expenditure)Income (222,412) (1,652) 105,130 (118,934) (93,069)
- -
Net gains on investments 232,176 232,176 873,260
Net income/(expenditure) (222,412) (1,652) 337,306 113,242 780,191
Transfers between funds 155,437 893 (156,330) - -
Net movement in funds (66,975) (759) 180,976 113,242 780,191
Reconciliation of funds
Total funds brought forward 293,110 929 5,785,878 6,079,917 5,299,726
Total funds carried forward 16 226,135 170 5,966,854 6,193,159 6,079,917
----- End of picture text -----

All of the charity's activities are continuing.

There are no gains and losses other than those shown above.

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Page 16

BALANCE SHEET AS AT 31 MARCH 2022

----- Start of picture text -----
Notes 2022 2021
£ £ £ £
Fixed Assets
Tangible assets 11 214,316 212,480
Fixed asset investments 12 5,423,110 5,260,607
Freehold Investment Property 13 470,000 5,893,110 470,000 5,730,607
Total fixed assets 6,107,426 5,943,087
Current Assets
Stocks 2,543 1,928
Debtors 14 14,139 13,973
Investments 12 18,124 50,233
Cash at bank and in hand 86,511 104,230
Total current assets 121,317 170,364
Creditors: Amounts falling due within
one year 15 (35,584) (33,534)
Net current assets 85,733 136,830
Net assets 6,193,159 6,079,917
Charity Funds
Designated Funds 16 5,966,854 5,785,878
Restricted Fund 16 170 929
Unrestricted funds 16 226,135 293,110
Total charity funds 18 6,193,159 6,079,917
----- End of picture text -----

These financial statements were approved and authorised for issue by the Board of Trustees on

22nd July 2022 and signed on their behalf by:

……………………………………. Michael J Moore FCA Treasurer

……………………………………. John Wotton (Chairman)

The notes on pages15 to 25 form part of these accounts.

Company Registration No. 04335730

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 17

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
2022 2021
£ £
Net cash provided by operating activities (see Note 22) (238,674) (190,420)
Cash flows from investing activities
Dividends, interest and rents from investments 124,978 115,191
Bank and other interest received 45 252
Purchase of tangible fixed assets (5,850) (4,282)
Investment movements made by Advisers
Movement in cash held by Investment advisers 32,109 435,535
Sale of investments 648,801 1,502,045
Purchase of investments (579,128) (1,942,278)
Net cash from investing activities 220,955 106,463
Net (decrease) in cash and Cash equivalents (17,719) (83,957)
Cash and cash equivalents at 1 April 2021 104,230 188,187
Cash and cash equivalents at 31 March 2022 86,511 104,230
Cash and cash equivalents consists of
Cash at hand and in bank 86,511 104,230
Cash and cash equivalents at 31st March 2022 86,511 104,230
----- End of picture text -----

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 18

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) General information and basis of preparation

The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared under the historical cost convention modified to include certain items at fair value.

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 in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements have been prepared on a going concern basis. There are no material uncertainties related to events or conditions which would cast doubt on the Charity's ability to continue as a going concern. The Trustees have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment. The Trustees have noted that the COVID-19 pandemic has caused a substantial decline in the Charity's investment income but the Charity's operations have continued although fundraising at agricultural shows and other events have been restricted during 2021/22. The Charity's income from investments (dividend income) is likely to continue to be reduced for the year ahead and the Trustees have again sought advice from their investment advisors on what the income is likely to be and are now looking at total return on the investment portfolio, although in 2021/22 only £50,000 has been withdrawn from the Portfolio the Trustees consider depending on cash flow additional withdrawals May be required . The global stock markets recovered well in 2021 but unfortunately with the war in Ukraine and potential global recession market have declined in 2022. The Trustees do expect the revenue streams to be considerably below pre-pandemic levels, the charity has substantial capital reserves and so this shouldn't affect the Charity's ability to continue as a going concern.

Based on these assessments and having regard to the resources available to the entity, the Trustees have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Donations are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement. Subscriptions relates to the amounts received from the CPRE National Office. These are included on a cash basis as members pay at different rates and cover a year from the date the member pays the subscription. The Charity's trustees' opinion is that the cost of calculating any accrual or deferred income outweighs any benefit, and the amount would not be material.

Legacy income is recognised at the earlier of the charity being notified when estate accounts are settled and there is notification of a distribution, or when the legacy is received. On occasion legacies will be notified to the Charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the Charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the Charity's right to receive payment is established.

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 19

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Costs of operating funds comprise the costs associated with attracting voluntary income and the costs of the Lottery Club prizes and investment management fees.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs include the costs of human resources, IT, finance and governance. Overhead costs include depreciation and office costs.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include audit fees and estimated costs linked to the strategic management of the Charity.

d) Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation provided are rates calculated to write off the cost less estimated residual value of each asset over its expended useful life, as follows:

Freehold buildings 2% on cost Integral building features 10% on cost Fixtures and fittings 20% on cost Computer & office equipment 25% on cost

Land and buildings were previously valued using chartered surveyor's valuation as disclosed in note 11.

e) Pensions

The pension costs charged in the financial statements represent the contributions payable by the charity to employees' defined contribution pension schemes.

f) Company Status

The Charity is a company limited by guarantee. In the event of the Charity being wound up the liability in respect of the guarantee is limited to £1 per member of the Charity. The address of the registered office is given in the Charity information on the Legal & Administrative Information page of these financial statements.

g) 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.

The Designated Fund, which is treated like an expendable endowment fund, was created by the Trustees. Investment income arising on the endowment fund and investment management charges are initially allocated to the designated fund, but a transfer is made to the unrestricted fund which represents the income and expenses. Any capital gains or losses arising on the investments form part of this fund.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 20

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies(contd)

h) Investments

Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

i) Stock

Stock is valued at the lower of cost and net realisable value.

j) Debtors & creditors receivable / payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Investment properties are professionally valued based on comparable sales within the local area. This uses the sales on similar

local rental properties but there is an inevitable degree of judgement involved in that the investment properties are unique.

l) Taxation

The Charity meets the definition of a charitable company for UK corporation tax

2
Income from donations and legacies
Membership subscriptions
Donations
Grant
Legacies
Lottery
3
Income from investments
Dividends receivable
Interest on fixed interest bonds
Other Interest receivable
Rental income
4
Expenditure on raising funds
Investment management fees
Purchases for resale and fund raising costs
Lottery Club prizes
Property rental costs		 Unrestricted
Restricted
Designated
Funds
Funds
Funds
2022
2021
£
£
£ £
£
42,385
-
-
42,385
43,469
7,775
4,178
-
11,953
10,991
-
2,500
-
2,500
341
190
-
-
190
5,018
4,146
-
-
4,146
4,267
54,496
6,678
-
61,174
64,086
Unrestricted
Restricted
Designated
Funds
Funds
Funds
2022
2021
£
£
£
£
£
-
-
73,253
73,253
61,868
-
-
29,615
29,615
31,045
45
-
-
45
420
-
-
22,110
22,110
22,110
45
-
124,978
125,023
115,443
Unrestricted
Restricted
Designated
Funds
Funds
Funds
2022
2021
£
£ £
£
£
-
-
14,332
14,332
14,130
1,538
23
-
1,561
90
1,500
-
-
1,500
1,620
-
-
4,316
4,316
4,120
3,038
23
18,648
21,709
19,960

Page 21

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
Unrestricted Restricted Designated
5 Expenditure on charitable activities Funds Fund Funds 2022 2021
£ £ £ £ £
Direct costs
Staff costs 162,180 - - 162,180 125,299
Campaigning -Legal costs 1,633 - - 1,633 2,400
Staff Travelling 449 - - 449 298
Contribution to campaigns 672 8,232 - 8,904 7,000
Publicity and printing - - - - 30
Events 759 - - 759 287
Newsletters 9,417 - - 9,417 9,050
Volunteering activities 829 - - 829 -
Subscriptions publications and Donations 1,440 - - 1,440 1,377
Support costs
General office staff 55,242 - - 55,242 54,740
Premises costs 16,647 - - 16,647 10,222
Staff recruitment and support costs 1,890 - - 1,890 2,310
Staff training 1,497 - - 1,497 132
Liability insurance 1,606 - - 1,606 1,872
Printing, postage and stationery 1,450 - - 1,450 3,137
Telephone 2,533 - - 2,533 2,394
Computer, website and equipment maintenance 3,618 - - 3,618 8,384
Consultancy and professional costs - - - - 6,190
Depreciation 2,814 - 1,200 4,014 2,606
Sundry expenses 823 122 - 945 2,109
Governance costs (See note 6) 15,292 - - 15,292 14,057
280,791 8,354 1,200 290,345 253,894
6 Governance costs 2022 2021
£ £
Staff costs 7,581 7,697
Auditors' remuneration 2021/22 (note 10) 4,800 6,360
Auditors' remuneration 2021/22 under provision previous year 2,115 -
Other costs 796 -
15,292 14,057
----- End of picture text -----

22

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

The average monthly number of employees and full time equivalent (FTE) during the year was:

Charitable activities 2022
2022
Number FTE
6
4		 2021
2021
Number
FTE
5
4
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
2021
£
£
197,510
165,683
15,731
12,198
11,762
9,855
225,003
187,736
Analysis of Staff Costs
The number of employees whose total employee benefits excluding pension contributions exceeded £60,000 was
2022
2021
No
No
1
1
£60,000 -£70,000

8 Pension costs

The company operates a contributory pension scheme. This is a defined contribution scheme and contributions are charged in the statement of financial activities as they accrue. The charge for the year was £ 11,762 (2021 - £9,855).

None of the Trustees (or any persons connected with them) received any remuneration during the year,(2021 - none) and none were reimbursed travelling or other incidental expenses in the year, (2021 -none)

The total amount of remuneration (including employee benefits in kind) received by key management personnel is £116,940 (2021: £113,064), The Charity considers its key management personnel to comprise the Trustees, Branch Director and General Manager.

10 Auditor's Remuneration

The amounts payable to Kreston Reeves (2021 MHA MacIntyre Hudson)

Audit of the financial statements 2022
2021
£
£
4,800
6,360
4,800
6,360

Audit fees are shown within governance costs (note 6), non-audit services are shown as part of staff support costs within expenditure on charitable activities (note 5).

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 23

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
11 Tangible fixed assets Freehold Computers Fixtures, Total
land & & office & fittings
buildings equipment
£ £ £ £
Cost or valuation
As at 1 April 2021 210,000 15,924 17,973 243,897
Additions - 5,312 538 5,850
Disposals - (1,512) (950) (2,462)
As at 31 March 2022 210,000 19,724 17,561 247,285
Depreciation
As at 1 April 2021 1,200 12,506 17,711 31,417
Disposals (1,512) (950) (2,462)
Charge for the year 1,200 2,502 312 4,014
As at 31 March 2022 2,400 13,496 17,073 32,969
Net book values
As at 31 March 2022 207,600 6,228 488 214,316
As at 31 March 2021 208,800 3,418 262 212,480
----- End of picture text -----

At 31 March 2022 the net book value of freehold land and buildings contained £150,000 of land at cost which is not depreciated.

The offices at Queen's Head House were revalued as at 31st March 2020 by Katie Hurley MRICS FAAV of Lambert and Foster. The entire net book value of Freehold land & buildings represents the fair value of this property. The historic cost equivalent of these assets is £205,000, which is the deemed cost recognised on transition to SORP (FRS 102).

12 Fixed asset investments
Market value at 1 April 2021
Acquisitions at cost
Disposal proceeds
Change in value in the year:
Realised
Unrealised
Market value at 31 March 2022
Historical cost at 31 March 2022
Investments are represented by:
Fixed interest bonds
Multi asset and Alternative Investment Funds
Total fixed asset investments
Total value of Portfolio (including current asset investments)
Current asset investments: Cash held by Investment Advisers pending re- investment		 2022
2021
£
£
5,260,607
3,947,114
579,128
1,942,278
(648,801)
(1,502,045)
100,390
102,877
131,786
770,383
5,423,110
5,260,607
4,864,228
4,833,511
898,955
932,494
4,524,155
4,328,113
5,423,110
5,260,607
18,124
50,233
5,441,234
5,310,840

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 24

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12 Fixed asset investments (contd)

Included within the above are the following investments which represent more than 5% of total market value:

13 Holding
Henderson Strategic Bond I Inc
Amundi Physical Metals PLC
Freehold Investment Property
7 Grant Drive Maidstone
Flat 1 Queen's Heads House Charing
185,848.00
4823		 2022
2021
£
£
-
265,763
284,123
-
2022
2021
£
£
280,000
280,000
190,000
190,000
470,000
470,000

7 Grant Drive was revalued on the 31st May 2019 by Nicolas A H Rooke BA MSc MRICS of Finns (1985) Ltd. The trustees do not consider the fair value to be materially different between the date of valuation and the balance sheet date.

Flat 1 Queen's Head House was revalued as at 31st March 2020 by Katie Hurley MRICS FAAV of Lambert and Foster. The trustees do not consider the fair value to be materially different between the date of valuation and the balance sheet date.

14 Debtors
Tax repayable
Other debtors
Prepayments and accrued income
15 Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals
Taxation
Deferred income
Balance brought forward
Amount reognised in year
Amount defered in year
Balance carried forward
Deferred income consists of rent received in advance relating to the following accounting year,		 2022
2021
£
£
883
618
3,063
645
10,193
12,710
14,139
13,973
2022
2021
£
£
5,154
6,684
3,927
3,431
20,135
17,482
5,554
5,123
814
814
35,584
33,534
2022
2021
£
£
814
1017
(814)
(1,017)
814
814
814
814.00

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 25

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16 Funds

Statement of Funds - Current Year

----- Start of picture text -----
Balance Balance
at Gains / at
01 04 21 Income Expenditure (losses) Transfers 31 03 22
£ £ £ £ £ £
Unrestricted funds 293,110 57,991 (280,403) - 155,437 226,135
Restricted Fund
Turnden Fund 929 6,555 (8,377) - 893 -
Swanscombe Fund - 170 - - - 170
Designated Funds
Arthur Ivor Read Legacy 5,291,211 124,978 (19,848) 232,176 (387,306) 5,241,211
Fair value reserve 490,867 - - - 232,176 723,043
Revaluation reserve 3,800 - - - (1,200) 2,600
6,079,917 189,694 (308,628) 232,176 - 6,193,159
----- End of picture text -----

Restricted Funds

The Turnden Fund represented monies donated towards legal and Professional costs relating to the planning application, concerning a proposal to build in an Area of Outstanding Natural Beauty in the High Weald, less costs paid to date.

The Swanscombe Fund represents donations paid to the charity to fight the development of Swanscombe peninsular for a Theme

The Designated Funds

The Arthur Read Legacy Fund was created by the Trustees and represents the current value of the amounts received from the Estate of Arthur Ivor Read (Deceased). The Trustees intend to transfer the investment income from the managed investment funds, plus the sum of £50,000 of capital, to unrestricted funds every year. The Trustees, in 2014, also agreed to transfer the depreciation and any other reduction in value on Queen's Head House to the designated fund from the date of purchase and annually thereafter.

The money we have received enables the charity to have a campaign reserve and an investment fund. The investments are managed as if it were an endowment and provide funds for CPRE Kent to deliver its campaigning objectives. We are very grateful for Mr Read’s generosity and we will ensure that the money is spent in the way he would have wished.

The fair value reserve represents accumulated unrealised gains on fixed asset investments and investment property. An annual transfer is made to adjust for unrealised gains and losses recognised during the year. This balance remains as part of the Arthur Ivor Read Legacy.

The revaluation reserve represents unrealised gains on tangible fixed assets subsequently recognised using the revaluation model. The balance represents accumulated differences between the latest valuation of assets and the historic cost / deemed cost on transition to FRS 102, less depreciation that is recycled by annual transfers to unrestricted general funds over the life of the assets.

Page 26

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17 Funds

Statement of Funds - Prior Year

Unrestricted funds
Restricted Fund
Turnden Fund
Designated Funds
Arthur Ivor Read Legacy
Fair value reserve
Revaluation reserve		 Balance
at
01 04 20
Income
£
£
335,908
62,182
-
3,412
4,958,818
115,191
-
-
5,000
-		 Balance
Gains /
at
Expenditure
(losses)
Transfers
31 03 21
£
£
£
£
(251,921)
-
146,941
293,110
(2,483)
-
-
929
(19,450)
873,260
(636,608)
5,291,211
-
-
490,867
490,867
-
-
(1,200)
3,800
5,299,726
180,785		 (273,854)
873,260
-
6,079,917
18 Analysis of net assets between
funds - Current Year
Tangible fixed assets
Investment assets
Current assets
Creditors: amounts falling due within		 one year Unrestricted
Restricted
Designated
Total
funds
fund
funds
2022
£
£
£
£
6,716
-
207,600
214,316
151,980
-
5,741,130
5,893,110
103,023
170
18,124
121,317
(35,584)
-
-
(35,584)
226,135
170
5,966,854
6,193,159
19 Analysis of net assets between
funds - Prior Year
Tangible fixed assets
Investment assets
Current assets
Creditors: amounts falling due within one year		 Unrestricted
Restricted
Designated
Total
funds
Funds
funds
2021
£
£
£
£
3,680
-
208,800
212,480
153,529
-
5,577,078
5,730,607
169,435
929
-
170,364
(33,534)
-
-
(33,534)
293,110
929
5,785,878
6,079,917

Page 27

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

20 Contingent assets

The Charity is an eventual beneficiary from the estate of Norah Lawrence, the entitlement is a one fifth share of the residue. The estate consisted of a property which was subject to a life interest, this property has now been sold and the life tenant has moved into residential care. The proceeds of sale are being used to finance the residential costs and therefore any amount eventually receivable is uncertain and therefore no asset has been quantified and recognised.

21 Related party transactions

There were no related party transactions during the year (2021: £nil).and no balances outstanding relating to earlier years (2021:£nil)

22 Reconciliation of net expenditure to net cash flow from
operating activities
Net income for the year
Adjustments for:
Depreciation charges
(Gains) on Investments
Dividends, interest and rents from investments
(Increase)/Decrease in stock
Decrease/(Increase) in debtors
Increase in creditors
Debt
Cash at bank and in hand
Analysis of changes in net debt		 2022
2021
£
£
113,242
780,191
4,014
2,606
(232,176)
(873,260)
(125,023)
(115,443)
(615)
35
(166)
6,127
2,050
9,324
(238,674)
(190,420)
31 03 21 Cash flows
31 03 22
£
£
£
104,220
17,719
86,511
-
-
-
104,220
17,719
86,511

THE KENT BRANCH OF THE CAMPAIGN TO PROTECT RURAL ENGLAND

Page 28

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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23 Comparative statement of Financial Activities (2020)
Unrestricted Designated Total
Funds Fund 2020
£ £ £
Incoming Resources
-
Donations and Legacies 67,117 67,117
Other trading activities 4,456 - 4,456
Investment income 829 171,994 172,823
Surplus on sale of fixed assets 57 - 57
Total Incoming Resources 72,459 171,994 244,453
Resources Expended
Raising funds 3,780 18,285 22,065
Charitable activities 228,374 1,100 229,474
Total Expenditure 232,154 19,385 251,539
Net incoming/(outgoing) resources (159,695) 152,609 (7,086)
-
Realised and unrealised gain/loss on investment assets (440,518) (440,518)
Net income/(expenditure) (159,695) (287,909) (447,604)
Transfer between funds 153,709 (153,709) -
Net movement of funds (5,986) (441,618) (447,604)
Reconciliation of funds
Total funds brought forward 341,894 5,405,436 5,747,330
Total funds carried forward 335,908 4,963,818 5,299,726
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