## **Annual Report and Accounts 2020** 

**25a Bell Street, Henley-on-Thames RG9 2BA Email: hq@oss.org.uk Website: www.oss.org.uk Charity no 1144840 Registered in England and Wales, limited company no 7846516** 



## **THE OPEN SPACES SOCIETY Vice-presidents, officers, other trustees and staff 31 December 2020** 

_Vice-presidents_ David (Lord) Clark Tony (Lord) Greaves Mike Clarke Richard Mabey Paul Clayden Ronald Smith Roger de Freitas 

_Chairman_ Chris Beney (F,G,L) (to July 2020) Phil Wadey (G,L) (from July 2020) _Vice-chairman_ Phil Wadey (to Jul 2020) Graham Bathe (F,G) (from Jul 2020) _Treasurer_ Steve Warr (F,G,L) _Other trustees_ Stuart Bain (F) Simon Hunt (L) John Hall (L) Chris Meewezen (L) (to Nov 2020) Tara-Jane Sutcliffe (F) (from July 2020) 

F = member finance committee 

G = member general purposes committee 

L = member legal committee 

## **Staff** 

_General secretary_ Kate Ashbrook _Case officers_ Hugh Craddock Nicola Hodgson _Commons re-registration officer_ Frances Kerner _Financial administrator and company secretary_ Lucie Henwood _Office manager_ Ellen Froggatt (to Sep 2020) Sarah Hacking (from Sep 2020) _Office assistant_ Christine Hunter _Digital marketing and content manager_ Nichola Finan 

## **Bank:** 

Barclays Bank plc, Mid Thames Group, PO Box 1, Henley-on-Thames RG9 2AX 

**Solicitors:** 

Mercers, 50 New Street, Henley-on-Thames RG9 2BX. Richard Buxton, Office A, Dale’s Brewery, Gwydir St, Cambridge CB1 2LJ 

2 



## **Open Spaces Society** Trustees’ report for 2020 

## **Highlights of 2020** 

## During the year we 

- helped our members protect 1,084 commons, greens, open spaces and paths under threat of loss—an unprecedented number, no doubt due to the pandemic 

- maintained and provided advice to a network of 39 local correspondents capable of acting in the protection of many more open spaces and paths 

- increased our membership by 131 to a total of 2,142 

- submitted applications to register 58 lost commons in the English pioneer areas (bringing our total number of applications to 78) 

- published charters for protecting and creating open spaces in England and Wales 

- were involved in three court cases to protect commons and paths 

- assisted members with queries about the registration of 90 greens 

- adapted our ways of working to address the restrictions arising from Covid-19. 

## **Reference and administrative information** 

## **Registered charity name and number** 

The Open Spaces Society, registered number 1144840. 

## **Registered company name and number** 

The Open Spaces Society, registered number 7846516. 

**Principal and registered office** 

25a Bell Street, Henley-on-Thames RG9 2BA 

## **Names of trustees, advisers and staff** 

The trustees are listed above, together with details of advisers and the names of the staff. 

3 



## **Structure, governance and management** 

## **Governing document** 

The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

The charity is the successor to the Commons, Open Spaces and Footpaths Preservation Society (registered charity number 214753), which was established by a trust deed dated 6 December 1963, originally having been founded in 1865. It was registered as a company limited by guarantee on 14 November 2011. 

## **Recruitment and appointment of trustees** 

Trustees are appointed by the members of the company, in accordance with the memorandum and articles of association. 

## **Related party disclosures** 

No transaction which would need to be disclosed has been notified by any trustee, in relation to the year, nor any balance outstanding from previous years. 

## **Declarations of interest** 

An agenda item for recording these, if any be declared, appears on the agenda for each trustee meeting. The society’s insurers require a statement to be minuted at each meeting that the trustees are not aware of anything arising which might lead to a claim on the society’s indemnity policy. 

## **Risk management statement** 

The society maintains a risk register which is regularly reviewed by trustees with practical precautions being implemented by officers and staff. 

## **Public benefit statement** 

Section 4 of the Charities Act 2011 requires the charity trustees to comply with their duty to have due regard to public benefit guidance published by the Charity Commission in exercising their powers or duties. 

The trustees are mindful of this obligation and have been referring to the guidance when reviewing their aims and objectives and in planning their future activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set. 

## **Objectives and activities for the public benefit** 

## **Summary of the charity’s objects and strategy for achieving them** 

The objects of the society are campaigning to create and conserve common land, village greens, open spaces and rights of public access in town and country, in England and Wales. These objects are furthered both locally and nationally. The society is 

4 



building up a network of local correspondents who can make site visits where problems arise and submit appropriate representations regarding, for example, proposed changes to the public-path network. The society also secures the registering of new village greens and resists encroachments on common land. 

At a national level the society’s unique expertise is its accumulated knowledge in the complicated case law and common law that apply to common land and its user rights. Bodies such as the Department for Environment, Food and Rural Affairs (Defra), the Welsh Government, the National Trust, Natural England and Natural Resources Wales acknowledge the society’s primacy in this area. The society is a statutory consultee for applications for works on common land and for changes to public rights of way. 

**We are grateful to the following trusts and funds for donations and grants:** Dennis Curry Charitable Trust, Moodie Charitable Trust, Mitchell Trust, Millennium Oak Trust. 

It also endeavours to improve the law for the benefit of the public. By challenging unacceptable proposals—through the courts if necessary—and more generally by seeking media attention and lobbying parliament and local authorities, it protects places of beauty and interest and achieves better public access throughout England and Wales. 

## **Achievements and performance, delivery of ublic benefit p** 

## **Summary of main achievements during the year** 

The main achievements during the year are listed below under headings which reflect the four main objects in our constitution. 

**1. To protect commons, greens and other open spaces** 

In this unprecedented year the society has helped with more cases than ever, as people discovered and valued their local paths and open spaces during the lockdowns. We responded to calls from members for advice on protection and management of at least 116 commons, 67 registered greens and 289 other open spaces. Many more cases and disputes came to us from consultations from official bodies, or were dealt with by our local correspondents. 

During the summer we published our charters for open spaces in England and Wales, calling on government and local authorities to protect and create safe, good-quality open spaces close to people’s homes, and to rectify the inequality in open space provision. Our autumn appeal to members to support this work raised a magnificent £11,513. 

We responded robustly to the government’s white paper on the future of English planning, arguing that it will lead to loss of open space and democracy. 

This year we had project officer Frances Kerner working on the re-registration of commons, together with Landman consultants, funded by the generous legacy from 

5 



Jack Candy. Towards the end of the year, we increased our capacity by another two from Landman in order to meet the deadline of 31 December for the first seven pioneer areas (Blackburn with Darwen, Cornwall, Devon, Herefordshire, Hertfordshire, Kent and Lancashire). We hoped to persuade the environment minister John Gardiner to extend the deadline since record offices were closed and site inspections curtailed due to the pandemic, but he refused to do so. Nevertheless, we made 58 applications for lost land (with those made in 2018 and 2019 this brought our total to 78). During the year eight commons were added to the register in consequence of earlier applications, in Cornwall and Hertfordshire, but it is a slow process and it will be some time before the 2020 applications are considered by the authorities. 

We intervened in high court action by Hampshire County Council regarding a plan by Blackbushe Airport Ltd to deregister part of Yateley Common in Hampshire; the case turns on the interpretation of ‘curtilage’. The council won, but the airport has appealed and the case will be heard in the court of appeal in 2021, with the society again supporting the council. 

We supported our member, Downs for People, in its judicial review of a decision by the Downs Committee of Bristol’s Society of Merchant Venturers to allow continued parking on Durdham Downs by Bristol Zoo. 

Applicants for works on, or exchange of, common land notified us of 72 cases. We raised objections to 30 of them. 

Of the 55 statutory applications for works which were determined during the year, 21 were granted despite our objection. These included fencing on Crosby Ravensworth Common in Cumbria and Ugthorpe Common in North Yorkshire, and a football ground on Chippenham Mead village green in Monmouth. 

Nine applications were rejected or withdrawn following our advice. Among others were the deregistration of part of Adversane village green in West Sussex with no exchange land offered; fencing on Warton Common in Lancashire in relation to the England Coast Path; and two similar applications, each subsequently withdrawn, to deregister part of Clyne Common near Swansea, providing inadequate exchange-land. The last inspired us to urge the environment minister, Leslie Griffiths, to introduce a fee for applications to deregister and exchange common land and village greens, but she declined to do so. 

Our case officers remained active on Defra’s National Common Land Stakeholder Group, various Wildlife and Countryside Link working parties, and a planning group convened by the Campaign to Protect Rural England. 

**2. To protect and enhance public rights of way and public access** The Henley office dealt with 472 requests for advice on paths and our local correspondents pursued many others.  During lockdown we received a number of complaints about paths which had been obstructed or made unwelcoming with the excuse of Covid-19, and we followed these up with the authorities. 

With the 2026 deadline for historic-path applications looming, we were frustrated that Defra called only one meeting of the stakeholder working group on unrecorded ways 

6 



(it had not met for two years) and little if any progress has been made to enable the Deregulation Act 2015 to be brought into effect. 

Our local correspondents defended paths with considerable success. For example, Chris Meewezen helped to prevent the deletion of a path in the Todd valley near Kettleshulme in Cheshire East. Chris Smith made five applications for the addition of paths to the definitive map in East Sussex. Harry Scott saved a path at Berrington in Shropshire from inappropriate diversion. 

Our judicial review of the confirmation of a diversion order at Rollright in Oxfordshire was heard in the high court in April 2020. We lost but obtained leave to appeal. After the year’s end the case was heard in the court of appeal; we lost again and the trustees agreed to seek permission to appeal to the supreme court. The case, which is of fundamental importance to our charitable objectives, tests the relationship between public enjoyment of a path and the private interests of landowners. We challenged the Department for Transport’s order to stop up public highway at Knowle Green, opposed by our Solihull correspondent Richard Lloyd. The department conceded and we settled out of court. 

We opposed the government’s plans to make trespass a criminal offence, with no clarity as to where and how this will be applied. We feared that innocent trespass could be criminalised, having a potentially serious impact on people’s use and enjoyment of the countryside and open spaces. 

In November the Agriculture Bill obtained royal assent. The society had promoted amendments, tabled by our vice-president Lord Greaves, to probe how agricultural payments will work for common land, but these remain unclear. We endeavoured to influence the application of environmental land management scheme payments in favour of access, and pressed for strong enforcement to ensure that farmers and landowners who abuse public paths forgo their grants. 

With other user groups we joined discussions with the Country Land and Business Association and the National Farmers’ Union who want to make it easier to divert paths out of fields containing livestock. We argued that their proposals were excessive and unnecessary and were pleased when the environment minister John Gardiner refused to legislate on the matter. 

Kate Ashbrook, Hugh Craddock and Beverley Penney served on three expert panels to advise the Welsh government on its access reform programme, and attended a number of meetings. 

**3. To secure the creation of new public paths and open spaces** 

We advised more than 90 members and other inquirers about claiming greens. We celebrated the registration of a number of greens: Freeman’s Wood in Lancashire (based on evidence of use), and the voluntary registrations of Whimbrel Green at Larkfield in Kent; land at Scorton in North Yorkshire, Freeman’s Meadow in Henleyon-Thames, and Coral Springs at Witney in Oxfordshire (won by our local correspondent in exchange for the withdrawal of his objection to the diversion of a blocked footpath). 

7 



**4. To protect the beauty of the countryside** We continued to work with other national organisations to press the government to implement the recommendations of the Glover Review on designated landscapes in England. 

## **Organisational management** 

We established a Covid-19 working group of trustees to manage risk and ensure due diligence in the face of the challenges of the pandemic. 

We now have 39 local correspondents; in 2020 we appointed Peter Berrecloth (London Borough of Barnet), Mike Clarke (Bedford Borough), Jack Jennings (Sutton Coldfield and North Warwickshire District), Peter Pollak (Market Harborough Borough in Leicestershire), Helen Slade (Isle of Wight) and Keith Yarwood (north Dorset). 

We could not hold a physical annual general meeting but instead invited members to vote online or on forms and to ask questions. An impressive 142 members cast votes, and all the formalities were completed satisfactorily. We welcomed Tara-Jane Sutcliffe back to the board of trustees after her return to the UK, and we co-opted Stuart Bain and Simon Hunt for a further year. At the trustees’ meeting after the AGM Chris Beney stepped down as chairman after two years’ service, and Phil Wadey was elected in his place. Graham Bathe was elected vice-chairman. 

Our office manager Ellen Froggatt retired after ten years with us. We are grateful to her for the significant impact she has made on our office processes, branding, marketing and digital presence. We welcomed Sarah Hacking as our new office manager in September. 

We issued 42 press releases and published three editions of our magazine _Open Space_ . Staff and local correspondents were interviewed at least six times on the radio and once on television. We published a video to promote legacies to the society and sent our legacy leaflet to every member. We continued to improve our website, updating and expanding our information sheets. 

On 31 December, membership stood at 2142, a net increase of 131. We welcomed 353 new members and 52 rejoined members; 18 members died during the year and a further 256 lapsed. We mourned the death of our vice-president Paul Clayden on New Year’s Day. 

Our dedicated staff, Kate Ashbrook, Hugh Craddock, Nichola Finan, Sarah Hacking, Lucie Henwood, Nicola Hodgson, Christine Hunter and Frances Kerner have had a busy year. We thank them warmly for their commitment and success in furthering the work of the society. 

## **Financial review** 

## **Financial operations** 

Covid-19 has made 2020 a difficult year financially for many charities, with reports of curtailed fund-raising activity and difficulty attracting donations accompanied by big reductions in members for some high-profile membership-based conservation charities. 

8 



The society’s income was reduced because we only held one appeal, and the income from our investments also fell as companies cut or suspended dividends. In contrast, membership subscriptions held, with member numbers rising through the year. Legacies, which form an important part of our income, were up at £192,588. 

**Legacies recognised in 2020** Olive Entwistle, John Purdy, Ann Sayer, Richard Wyld 

The Candy Fund has again been used to pay for the work on re-registration of commons, and this expenditure is shown in the restricted funds column of the Statement of Financial Activities. Activity increased as the 31 December 2020 deadline for applications in many pioneer areas approached, and expenditure on applications increased to £102,304 (2019 - £60,520). 

Spending on legal costs increased in 2020 to just over £60,000 arising mostly from our high court challenge at Yateley Common and of a footpath diversion at Great Rollright. It also reflects the financial support we provided to members through the legal fund, including the judicial review at Durdham Downs in Bristol. 

The increased spending on re-registration of commons and legal fees were the main contributors to the increase in the annual deficit (before investment gains and losses) to £96,522 (2019 - £30,723). 

The uncertainty in financial markets relating to Covid-19 affected the value of our investment holdings, which decreased by £171,204 in the year. These losses, added to the operational deficit, take the full deficit for the year to £267,726 (2019 - £109,903 surplus). 

## **Reserves policy** 

Strategic reserve fund: the society’s recurring revenue is not sufficient to meet all running costs so it is the policy of the trustees to maintain a strategic reserve fund sufficient to cover the expected net outgoings of the society for 48 months. Much of the spending to research applications to re-register commons has now been undertaken, so we anticipate a reduction in future deficits. Accordingly, we have reduced the value of the strategic reserve fund by £243,265 to £727,847 at 31 December 2020. The fund is invested for the benefit of the society but remains available to the trustees to transfer back to the general fund in case of need. 

Our project activity has increased the number of applications being made in the name of the society. These are for both rights of way and re-registration of commons. In response, the trustees have added £270,000 to the applications reserve fund, set up in 2019, taking the reserve to £435,000. 

## **Conclusion** 

What a year! The coronavirus pandemic certainly had an impact on everyone’s lives and activities. While we mourned the loss of family and friends, and regretted the curtailment of many normal day-to-day activities, the public found great value in places to walk or ride or simply enjoy as open spaces. 

9 



The Open Spaces Society has continued to champion paths and open spaces throughout the year. Despite the closure of archive offices, the work to record commons in the pioneer areas before their respective cut-off dates has resulted in land being registered as common, and hence having a right of access for walkers, and sometimes riders, with more applications awaiting determination. Many of our members have been making applications to record paths based on historical evidence before their cut-off date too. 

As the report above shows, we have been strong in our defence of commons and paths, whether by reasoned arguments when consulted on proposals or though taking legal action where we feel that safeguards given by parliament are being avoided or misunderstood. 

We still have a strong balance sheet despite the uncertainty in financial markets. This enables work in support of our charitable objectives to continue. 

I should thank our staff, local correspondents and members, and all who have helped in support of the society and its activities. It gives me great pleasure to commend this report to our members. 


## **Signed** 

_Phil Wadey_ (chairman, on behalf of the trustees) 

10 



The Olen S
ed Com
an
aces So¢le
Number.. 07È46516
Re
end
ort to the Trustee5 of
Theo
ens
I report to the charlty tiustees on my examlnation of the flnantlal statement5 of the company for the year ended 31
December 2020 set out oh pa8es nlne to slxteen.
Responslbllltle5 and basls of r•port
As the charlty's trustees of the company land also Iti dlrectors for the purposes of company lawl you are re5ponslble
for the preparation of the flnanclal statements In accordance wlth the requlrements of the Companles Act 20061'the
21)J6 Act'l,
Havlng satlslled myself thèt the Ilnanclal statements of the company are not requlred to be audlted under Pait 16 of
the 2006 Act and are ell8ible lor Independent examlnatlon, I report in fespect ol my eyarnlnatlon ttl your charity's
flnanclal statements as carried out under sectlon 145 01 the Charitles Act 2011 (the '2011 Act'l. In carrylng out mv
éxamlnailon I have followed the Olrectlons 8iven by the Charity CommI$51on under sectlon 145ISllbl ol the 2011 Act.
Ind•peDdent examlnér's report
Slnce the company'5 8ros5 Incorne exceeded £250,C4JQ your examlner must bÈ a member ol a body Ilsted In sectlon 145
of the 2011 Act. I conflrm that l am quallfled to undertake the examlnatlon because l am a member of the In5tltute of
Chaftered Accountant5 In England and Wales, whSch Is one ol the Ilsted bodlès.
I have completed my exarnlnatlon. I conflrm that no matiers have com8 to my attentlon In connéctlon vjlth the
oxamlnatlon 8lvln8 me cause to belleve,.
a¢countln8 records were not kept In resPECt ol the company as requlred by sectlon 386 of the 2006 Act; or
the flnanclal statements do not actord w5th those accountln8 records,, or
the flnantlal statements do not comply wlth rhe ac¢ounllng requSrements of sectlon 396 01 the 2006 Act
other than any requlrement that the flnanclal stateryient5 8Sve a 'true and falrf vlew whlch 15 not a matter
consldered as part ol an independent examlnatSon,' or
the flnanclal statements hève not been prepared In accordance wlth the methods and prlnclples of the
statement ol Recoinmended practlce for accounting and reportlng t>y charltles lappllcable to charltles
preparlnE rhelr Ilnanclal statements In accordance wlth the Flnanclal Reportln8 StÈndard appllcable In the
UK and Republlt of Ireland (FR5 1021.
I have no concerns 8nd have come across no other rnatters In conne¢tlon wlth the exarnlnatlon to whlch attentlon
should be drawn in this report In order to enable a proper understandln8 01 the Ilnanclal statements to be reachèd.
Nl¢holas M Smlth ACA, CTA
Vlllafs Hayward LLP
Chartered Accountants,
Reglstered Audiiors and
Chartered Tam Adv15èr5
Boston House
HeTrley-on.Thames
RG9 IDY
Date..
.2021
Page 8

Theo
tns
Istered Com
aces Soclet
Re
an
Nurnber.. 07B46516
Statement ol Flnanclal Attlvltle$
Inclvdl Income and Ex
endlture Accountl
For the Yeai Ended 31 December 2020
Unrestrlcled
funds
Restrlcied
funds
Endowment
funds
Totsl
funds
2020
Tot•1
funds
2019
Note
In￿me and er*dowmortts from,.
Oonatlons1Snc. Gllt Aldl and legacles
220,343
220,343
J89,063
Charltable actlvltle5
Subscrlptions
Appeols
76,234
15,195
76.234
15,19S
72,323
44,606
her tradlng 8ctlvitle5
Sole olpubllcotlon5 et¢.
6,ISJ
6,151
4,384
Investments
2S,429
23,688
1.126
50,243
58,232
Other lTh¢¢me
2,491
Total
343,360
23,688
1,126
368,174
371,099
Exp•ndI￿re on,.
Ralslng funds
Otherpubllcatlons costs
9S
95
29
stclJsalarle5
Premlses cost5
Admlnlsrrotlon costs
Locul correspondents
Open Space ondwebslle
Othercosts
Governunce costs
183,853
18,898
29,383
160
30,300
214,153
18,898
29,383
160
2W,SOI
15,048
35,134
178
20,102
120.139
10,691
13,379
109,217
7.405
13,379
181,221
7,405
io
li
72,004
Total
362,390
102,304
464,694
401,822
GalnllLossl on Investment assets
12
164,4991
1101.8651
14,8401 1171,2041
140,626
Net Incomè I lexpensel
183,5291
1180,4811
13,7141
1267.7241
109,903
Transfers between funds
3,IC¥)
11,9741
11.1261
180,4291
1182,4SSI
14,8401
1267,7241
109.903
R•conclllatlon of funds:
Total fund5 brought forward
1,448.880
526,614
Z7,900
2,003,394 1,693,491
Total lunds carrled forward
13
1.368.451
344,159
23,060
1,735,670 2,003,394
Pa8e 9

S￿1
465
.12.20
3L1119
Tantbble fix•d assets
Investrntnts
7.069
815596
4,034
986,8(NJ
15
Tololfvedossets
822,665
99DM34
5.651
I,OCQ,788
20,389
De￿or5
Flxed and shori thrrn dtposlls
•th li ￿nk ind In hiTh4
16
17
1,992
920,446
23,541
TotolL*rentossets
U•WIIII•i:
•dltori: •rNuntsfallbni due
t*Aihln oni ￿Or
945.979
1.026,828
132.9741
{14,2fj81
e1¢w￿￿t £wet￿lI10bH11IéS)
913,005
1,012,560
Totsl net Ossets
1,735,670
2.CQ3394
The l￿dI olth• thifftv:
Endowment
27,900
A¢itrkted
Cretth Jonesfvnd
Condyjund
ilnr•stdctNI lurO5'.
GeneralluftGI
Slrotegk ieJeM Jvnd
40,437
a03,722
48,915
477.689
312,768
971.112
165.OLXI
?05.601
727,847
435,orKI
1,735,670
2m3,394
Totsl dwithyf¥ndi
Th• charfiable ￿rnpany ts ¢￿11￿1 to e￿mpl10n from ¥wlli und•r 5gcU¢)n 477 01 th•Comwnlès Aci 2006 for the y¢•r
•nded Ji fie(•Mbar 2020,
The mernb•rs not r*qulred thw Eh•rltible ¢omp•ny to obtsln •n audli d itsfln•ncl•l staiements kn the year end•d
31 De￿mbEr 2020 In •¢¢ord•nc• vlih SettlDn 476 olihe Companles 3006.
Tho trusteqs•Ckr￿1edle Iholr responslL4lltles for..
l•1 th•t th• ¢harlt*ble Com￿nY keeps •cwUnlI￿ iecoids whlth omply Secilons 386 ind 387 01 the
CompJnleJ ki 2006 ond
Ibl Ilnbnclal statements whlch 81¥• ? tf¥o lair of tht• ol •ff•lrs olth• dwritibl• camp•ny as
at the end of •#ch fln•nrlal year •NI ol Its Sur￿￿$ oi denclt lor each flnandal ye&r in xcorthnce wlth the
r•gulrem•nt5 01 Sectlons 394 •Thd 395 and whlch othen¥liè comply wlih the requlremeTrtsol th•COMp￿1￿ Act
?(KJ6 rp.latlne lo flnaTrclal slalement5. 50 lar as appllcable to the ¢h•dtsble companv.
Tbest fknaDdal 51at•ments have been prepaitd In acwrdènce wilh thè spoclal pro￿lI0n$ of Pail 15 01 the CompJnlEJ
Aci 2W6 r•lallne ro small charllabie £ompanles and wlth ihe FID*nclal ReporLln8 si•nd¥fO appllc•llE In ihe UnSted
KI￿d0M arml Aepubll£ of Irelino IFAS 1021.
fln•nd•l £t•tements were approvèd by th& 8oir
an tts b•hill by.
IT
IS ApYknL.....-.... 2021 ond ww• iwed
Dr P D Wadoy. Chalrm
S M W•Tr-Treasurer
Pa80 10

Theo
Istered Com
ens
aces Soclet
Number.. 07846516
Re
an
Notes to the fln8
For the Year Ended 31 December Z02Q
clal statements
ACCOUNTING POLICIES
The principal atcountlng Pollcles adopted, judgement5 and key sources of estlmatlon for uncertalnty In the
preparatlon of the flnanclal statements are as follows..
lal Bis15 of preparatlon
The linanclal staiement5 have beÈn prepared In accordance with AccountlnE and Reportlng by Charltles.. Statement
ol Recornmended Practice applicable to charitles preparing their accounts In accordance wlth the Flnanclal
Reportlng Standard appllcable in the UK and Ropublic ol Ireland IFRS 1021- Icharltles SORP IFRS 10211, the
Flnanclal Reportln8 Standard appllcable In the UK and Republic Of Ireland IFRS 1021 and the Companles Act 2LKI6.
The Open Spaces Soclety meets the deflnlllon ol a publlc beneflt entity under FAS 102. A$5etS 8nd118bllltles
are In￿1311¥ rècodnlsed at hlstorlcal cost or transactlon value unless otherwise slited In the relevant
accountlng pollcy notelsl.
Ibl Income reco8nltlon poll¢l•s
Items ol Sncome are recoBnlsed and Included In the flnanclal 5tattments when all of the lollowln8 crlterla are met,.
the charlty ha% entitlement ta the funds.,
any performance CDndlllons attached to the Itemlsl ol Income have bèen met or are lullv
wlthln the control of rhe charlty;
there 15 5ufflcleni certalnty that recelpt of the Incorne Is conslderéd probable, and
the amount Gan be Ireasured rellably.
Lei8£les
For le8acles, entltlement15 taken as the earller ol..
the date on whlch the charlty Is aware that probate has been Branted.,
the estate has been flnallsed and noilflcatlon has been made by the executorlsl to the
charSty that a dlstrlbutlon wlll be made., or
when a dlstrlbution 1$ rèeelved from the estate.
Receipt ol a legacy, In whole or In part, Is only c¢n5Idered probable when thè amount can be measured rellably
and the charlty has been notlfled ol the executor's IntentSon to make a dlstrlbutloTh,
oihèr voluntery Income
Voluntary Income recelved by way of 5ubscrlptlon, donatlons 3nd appeals Is Included In the flnanclal statements
when recelvable and thE amount con be measured rellably by the ch8rlty.
Donated servlces
The value of servlces provlded by volunteers has not been Included In these flnanclal statements.
Interesi recelvjble
Int8re5t on funds held on dep051t is Included when rtceivable and the amount can be mea.5ured rellably by the
harlty,. th1$ Is normally upon notlllcatlon of the interest pald or p)yable by the bank.
(¢1 Expondlture and Irrecoverable VAT
Expenditure Is recognlsed onte there Is a le8al or constructlvè obllgatlon to make a payment to a thlrd party, it Is
probable that 5ettlEment wlll be requlred and the amount of the obllgatSon can be measured réllably. Expendlturé
is classified under the following actlvlty headln8S'.
Expendtture on Charltable actlvltles comprise those costs Incurred by the charlty In the dellvery of Its actlvrtles
and servlces for Ils benellclarles, It includes both costs that Can be allocated dlrectly to such actlvitles and those
cost5 of an indirect nature nece55ary to support them. Governance costs Include those costs assoclated wlth the
constltutlonal and statutory reoulrements ol the charlty and Include the1ndependent examlner's fee5 and costs
Ilnked to the strategic mana8ement of the charlty.
Irrecoverable VAT is charged as a cost against ihe activity lor whlth the expendlture was Incurred.
Page 11

Theo ens
Re
LKlstered Com an
a¢es Soclet
Number.. 07846516
otes to the Ilnanclal st te
contlnue
Fort
Year Ended 31 December 2020
ents
ACCOUNTING POLICIES Icontlnuedl
Idl Flxed Assets
Fixed assets lexcludln8 Investment51 are stated at cost les5 accumulated depreclatlon. Oepreclatlon Is provlded
so as to wrlte off the asset over four years.
Inve5trnent5 held as flxed assets are revalued at mld-market value at the balance sheet date and the 8aln or loss
taken to the Statement of Flnanclal Actlvltle5.
(•} Fund Accountln8
Generolfund Thls is an unrestrlcted fund whlch Is to be Invested lor the b@nellt of the society but remalns
avallable tts the trustees to be used lor the object5 of the society or lor maklng allocatlons to the Strate6lc
Reserve lund.
stmteqlc Re&éThe Jund - Thls Is an unrestrlcted lund dèrlved from allocatlon5 from the General fund. It15
Ihe pollcy of the trustees to keep 48 months, reserve In thls ftsnd, so that It should hold sufflcSent to cover the
50clety's followlng 48 months, net out8olng5, and to allow lor an orderly closure of tht soelety thereafter,
should thls become necessary. In line wlth this pollcy, the fund stood at £727,847 at 31 December 2020,
Thls ltsnd Is to be Invested for the beneflt of the soclety bui remalns avallable to the trustees to transfer
back to the General fund In case ol need.
Appllcotlons Reserye Fund - this15 an unrestrlcted fuDd derlved liom allocatlons from the Geheril Fund,
The funds wlthln thls re5erv8 are to be used to see throu8h to completlon appllcatlon5 tts reglster rlghts ol
way or tommon land where the oppllcatlon has been made In the name of the Soclety. Some appllcatlons
aré determlned qulckly and wlthout $16nlllcant cost, but for some there may be many years between Jn
appllcatlon belng made and Its concluslon. The Trustées tonslder that It15 appropilate to hold a reserve for
thls purpose 50 that protracled appllcatlons can be supported.
Cr•tch Jones Jund The Income Irorn thls restrlcted fund may be used lor the oblects of the 50clety that
would not normally be met from the GenerJl fund.
Cundylund - Thls Is a restrlcted fund to be used only ftsr the general charltable purpose5 of the Opens Spaces
Soclety. It Is not to be used lor adminlstratlve expenses.
Bumtonfvnd. The Incorne from this fund is transferred to the soclety's Genéral tund.
DONATIONS IINC, GIFT AIDI AND LEGACIES
31,12.20 31.12.19
Denatlons
Legacles
Glft Ald
9,530 121,380
192,588
26,027
18,225
41.656
220,343 189,063
APPEALS AND GIFT AID
Funds ralsed by appeals ovor the year also generated related Income vla Gllt Ald.
Donailons
Appeal
Glft Ald
Total
Lekal Fund Replenlshment IAutumn 20191
5avlnE Lockdown Space5
5,760
9,435
653
2,078
6,413
11,513
15,195
2,731
17,926
INCOME FROM OTHER TRADING AcfiviTIE5
51.12.10 31.12.19
Sales of publlcations
Special projects and iralnln8
Trusts, royaltles, commI￿lOn etc.
1,455
871
1.000
2.513
4,696
6.ISI
4,384
Page 12

Theo
ens
acts Socl
Istered coM￿Y Nurnber.. 07846516
an
Notes to the flnanclal statements
contlnued
For the Vear Ended 3IDe￿Mber 2020
INVESTMENT INCOME
31.12.20
31.12,19
Llsted Inve5trnents
Cash Investmènts
39,812
10,431
49,319
6,913
50,243
58,232
OTHER INCOME
31.IZ.20
31.12.19
Othei Income
2,491
Othèr Income comprises sundry recelpts unrelated to the opèratlons ol the charltv.
STAFF SALARIES
31.12.20
31.12.19
Gross salarles
Temporary starf s81grles
Employer's Natlonal Insurance contrlbutlons
Employer penslon contrlbutlons
Recrultment costs
184,980
1,840
12,199
7,928
7,206
179,034
13,404
7,024
1,039
214,153
200,SOI
Employees wlth emoluments exceedlng the Charlty Commlsslon reportln8 threshold of £60,000,. NII12019.' NIII
The average number of full-tlme equlvalent employees In the year was slx12019.. Ilvèl
PREMISES COSTS
3J,12,20
31.12.19
Rent
Llght and heat
Other
Cleanlng
Repalrs and malntenanc6
Insurance
Ratès and water
Consumables
7,81XI
1,268
628
1,481
6,023
694
902
102
7,8CM)
1,304
718
1,530
2,084
560
911
141
18,898
15,048
ADMINISTRATION COSTS
31,12,20 31.12.19
P05ta8e, telephone and 5tatlonerv
IT ¢osts
Travel and subslstence
Prlntlng and photocopylng
Costs of appeals lor fundlng
Depreciatlon of tomputer equlpment
Other
Profe5slonal Indemnity insurance
8,241
9,165
1,985
3,690
2,097
1,909
1,205
1,091
8,885
8,363
6,109
4,074
4,251
951
1,420
1,081
29,383
35,134
Page 13

Theo
ered Co
ens
aces So¢let
Number.. 07846516
Notes to the Ilnanclal statements
Contlnued
For the Year Ended 31 December 2020
OTHER COSTS
31,12,20
31.12,19
Markellng
Legal Costs
Subscrlptlons
Conferences and trainlng
Don&tlon5 and Grants
Legacy mallln8 to the Law Socletv
gook5 and maps
Common$ Re8lstratloD Project
3S,608
61,443
10,822
528
34.768
40.013
10,191
2,876
9S
800
16
67
32,129
72,004
181,221
120,139
li
GOVERNANCE COSTS
31.12.20
31.12.19
Independent examlner's fees1Sncludlng taxatlon servlcesl
AGM and trustees
other prolesslonal fee5
5,634
918
853
4,861
S,249
581
7,405
10,691
12
GAINSIIL055ESI ON INVESTMENT ASSETS
Unreallsed 8aln11105sI on revaluatlon of Investments
1171,2041
140,626
331-Z3r
ij
ANALYSIS OF FUNDS
Openlng
balance
Net Incornel
l¢xpendliurel Trinsl•rs
Closlng
ba1411¢•
Unrestrfcted lund$
General fund
StrateBlc reservè lund
Appllcatlons reserve fund
312,768
971,112
165.000
183,5291 123,63SI
1243,2651
270.CQO
205,604
727,847
435.WJ
Restrl¢ted fund$
Creech Jones luTrd
Candy fund
48,925
477,689
16,S141
1173,9671
11,9741
40,437
303.722
Endowm•nl funds
Buxton fund
21,s￿)0
13,7141
11.1261
23,060
2,003,394
1267.7241
1,735,670
Page 14

Theo
ens
Istered Com
aces Soclet
Number.. 07846516
an
Notes to the flDanc!al statements Icontinued
For the Year Endtrd 31 De
20
14
TANGIQLE FIXED ASSETS
Ofllce
equlpment
Computer
equlpment
Totlll
Cost
At l Janu3ry 2020
Addltlons
015posals
10,170
701
39,321
4,243
49,491
4,944
Al 31 December 2020
10,871
43,564
54,435
Depreclutlon
At l January 2020
Ctharge for the year
015P05als
9,798
178
35,659
1,731
45,457
1,909
At 310ecember 2020
9,976
37,390
47,366
Net book value at 3J December2020
895
6,174
7,069
Net book volue at 31 December2019
372
3,662
4,034
Is
INVESTMENTS
2020
2019
AT MARKET VALUE I JANUARY
Net Investment galn51llos5esl
986,800
1171,2041
846,174
140,626
AT MARKET VALUE 31 DECEMBER
815.S96
986,800
There wèrè no Investment assets outslde the UK. The Inve5tment$ are held primaflly to provlde aTh Investment
rÈturn lor the Charitv.
The hlstorlcal c05t of the above Investment5 at 31 December 2020 Is £720,34912019'. A720,3491
16
DEBTORS
2020
2019
Accrued Intome
Legacles recelvable
Professlonal Indemnlty Insuian¢e prepald
I,ociJ
4,660
991
991
1,992
5.651
Page 15

Theo
ens
l$tered Com
aces Soclet
Nurnber.. 07B46516
Re
Noies to ihe flnanclal statements
contlnued
For ihe Year Ended 31 DÈcember 2020
17
FIXED ANO SHORT TERM DEPOSITS
31.12.20
31.12.19
Aldermore 8ank @ond
Hampshlre Trust Bank
Cambrld8e & Countle5 Bank
The Charlty Bank
Shawbfook Bank
NatIOn￿de Instant Savèr
Unlted Trust Bank
CAF Gold Account
Natlonwlde Instant Saver
Hod8e 8ank
Fuiness @ulldln8 Soclety
Alllca Bank
78,543
85,000
89.152
86,800
85,000
86,052
89.035
50.850
I5,1￿0
85,￿0
85,000
85,OJ4
77,113
85.000
87,918
85,005
85,000
85,000
87,101
408,651
920.446 1,000,788
CREDITORS., AMOUNTS FALLING OUE WITHIN
ONE YEAR
31.12.20
31.LZ.19
Tradq credlwrs
Accruals
Other taxes and soclal securlty costs
Prov151Dn lor future costs
14,220
3,912
4,842
10,000
9,864
3,914
490
32,974
14,268
19
PARLIAMENT PIECE
The $oclety owns ihls land In Kenllworth whleh15 lea5etl, under a 99-year lease, to Warwlck Olstrlct Coundl and
mana8ed locally. No value has been placed on this land In these linallclal 5tatement5.
20
REMUNERATION OF TRUSTEES
None of the trustees recelved any remuneratlon12019- nlll.
An a8gre8ate of £36712019.. £1,223) wa5 relmbursed to four12019- four) tr115tees lor expenses Incuired In
relatlon to the soclety's actlvltles, Includlng attendlng meetlngs andlor actlng as local coNespondentS.
21
COVID 19
Ihe coronavlrus pandernlc has 51gnlll£èntly dlsrupted Indlvldu31s' personal Ilves and bu51ne5ses' econornlc prospects In
the UK and across the globe. The UK entered lockdowns in March 2020 and Novernber 2020 wlth a thlrd lockdown
commencln8 early In January 2021. Whèn the country was not In lockdown restrlctlons on movement and 50clal
dlstancln8 provisions remalned in place.
The trustees have contlnued to prepare ihe flnanclal statements on a 8oln8 concem basls and the trustees deern thls
to be approprlate. The trustees do not conslder that a materlal uncertalThty about the charlty's 8olng tontern status
currently emlsts. In making this asse55ment the trustees have consldered the Ilkely tradlng cond1t10￿5 for a perlod of
twelve months from the date of approval of these Ilnanclal stètement5.
Page 16

The Olen S
ed Com
an
aces So¢le
Number.. 07È46516
Re
end
ort to the Trustee5 of
Theo
ens
I report to the charlty tiustees on my examlnation of the flnantlal statement5 of the company for the year ended 31
December 2020 set out oh pa8es nlne to slxteen.
Responslbllltle5 and basls of r•port
As the charlty's trustees of the company land also Iti dlrectors for the purposes of company lawl you are re5ponslble
for the preparation of the flnanclal statements In accordance wlth the requlrements of the Companles Act 20061'the
21)J6 Act'l,
Havlng satlslled myself thèt the Ilnanclal statements of the company are not requlred to be audlted under Pait 16 of
the 2006 Act and are ell8ible lor Independent examlnatlon, I report in fespect ol my eyarnlnatlon ttl your charity's
flnanclal statements as carried out under sectlon 145 01 the Charitles Act 2011 (the '2011 Act'l. In carrylng out mv
éxamlnailon I have followed the Olrectlons 8iven by the Charity CommI$51on under sectlon 145ISllbl ol the 2011 Act.
Ind•peDdent examlnér's report
Slnce the company'5 8ros5 Incorne exceeded £250,C4JQ your examlner must bÈ a member ol a body Ilsted In sectlon 145
of the 2011 Act. I conflrm that l am quallfled to undertake the examlnatlon because l am a member of the In5tltute of
Chaftered Accountant5 In England and Wales, whSch Is one ol the Ilsted bodlès.
I have completed my exarnlnatlon. I conflrm that no matiers have com8 to my attentlon In connéctlon vjlth the
oxamlnatlon 8lvln8 me cause to belleve,.
a¢countln8 records were not kept In resPECt ol the company as requlred by sectlon 386 of the 2006 Act; or
the flnanclal statements do not actord w5th those accountln8 records,, or
the flnantlal statements do not comply wlth rhe ac¢ounllng requSrements of sectlon 396 01 the 2006 Act
other than any requlrement that the flnanclal stateryient5 8Sve a 'true and falrf vlew whlch 15 not a matter
consldered as part ol an independent examlnatSon,' or
the flnanclal statements hève not been prepared In accordance wlth the methods and prlnclples of the
statement ol Recoinmended practlce for accounting and reportlng t>y charltles lappllcable to charltles
preparlnE rhelr Ilnanclal statements In accordance wlth the Flnanclal Reportln8 StÈndard appllcable In the
UK and Republlt of Ireland (FR5 1021.
I have no concerns 8nd have come across no other rnatters In conne¢tlon wlth the exarnlnatlon to whlch attentlon
should be drawn in this report In order to enable a proper understandln8 01 the Ilnanclal statements to be reachèd.
Nl¢holas M Smlth ACA, CTA
Vlllafs Hayward LLP
Chartered Accountants,
Reglstered Audiiors and
Chartered Tam Adv15èr5
Boston House
HeTrley-on.Thames
RG9 IDY
Date..
.2021
Page 8

Theo
tns
Istered Com
aces Soclet
Re
an
Nurnber.. 07B46516
Statement ol Flnanclal Attlvltle$
Inclvdl Income and Ex
endlture Accountl
For the Yeai Ended 31 December 2020
Unrestrlcled
funds
Restrlcied
funds
Endowment
funds
Totsl
funds
2020
Tot•1
funds
2019
Note
In￿me and er*dowmortts from,.
Oonatlons1Snc. Gllt Aldl and legacles
220,343
220,343
J89,063
Charltable actlvltle5
Subscrlptions
Appeols
76,234
15,195
76.234
15,19S
72,323
44,606
her tradlng 8ctlvitle5
Sole olpubllcotlon5 et¢.
6,ISJ
6,151
4,384
Investments
2S,429
23,688
1.126
50,243
58,232
Other lTh¢¢me
2,491
Total
343,360
23,688
1,126
368,174
371,099
Exp•ndI￿re on,.
Ralslng funds
Otherpubllcatlons costs
9S
95
29
stclJsalarle5
Premlses cost5
Admlnlsrrotlon costs
Locul correspondents
Open Space ondwebslle
Othercosts
Governunce costs
183,853
18,898
29,383
160
30,300
214,153
18,898
29,383
160
2W,SOI
15,048
35,134
178
20,102
120.139
10,691
13,379
109,217
7.405
13,379
181,221
7,405
io
li
72,004
Total
362,390
102,304
464,694
401,822
GalnllLossl on Investment assets
12
164,4991
1101.8651
14,8401 1171,2041
140,626
Net Incomè I lexpensel
183,5291
1180,4811
13,7141
1267.7241
109,903
Transfers between funds
3,IC¥)
11,9741
11.1261
180,4291
1182,4SSI
14,8401
1267,7241
109.903
R•conclllatlon of funds:
Total fund5 brought forward
1,448.880
526,614
Z7,900
2,003,394 1,693,491
Total lunds carrled forward
13
1.368.451
344,159
23,060
1,735,670 2,003,394
Pa8e 9

S￿1
465
.12.20
3L1119
Tantbble fix•d assets
Investrntnts
7.069
815596
4,034
986,8(NJ
15
Tololfvedossets
822,665
99DM34
5.651
I,OCQ,788
20,389
De￿or5
Flxed and shori thrrn dtposlls
•th li ￿nk ind In hiTh4
16
17
1,992
920,446
23,541
TotolL*rentossets
U•WIIII•i:
•dltori: •rNuntsfallbni due
t*Aihln oni ￿Or
945.979
1.026,828
132.9741
{14,2fj81
e1¢w￿￿t £wet￿lI10bH11IéS)
913,005
1,012,560
Totsl net Ossets
1,735,670
2.CQ3394
The l￿dI olth• thifftv:
Endowment
27,900
A¢itrkted
Cretth Jonesfvnd
Condyjund
ilnr•stdctNI lurO5'.
GeneralluftGI
Slrotegk ieJeM Jvnd
40,437
a03,722
48,915
477.689
312,768
971.112
165.OLXI
?05.601
727,847
435,orKI
1,735,670
2m3,394
Totsl dwithyf¥ndi
Th• charfiable ￿rnpany ts ¢￿11￿1 to e￿mpl10n from ¥wlli und•r 5gcU¢)n 477 01 th•Comwnlès Aci 2006 for the y¢•r
•nded Ji fie(•Mbar 2020,
The mernb•rs not r*qulred thw Eh•rltible ¢omp•ny to obtsln •n audli d itsfln•ncl•l staiements kn the year end•d
31 De￿mbEr 2020 In •¢¢ord•nc• vlih SettlDn 476 olihe Companles 3006.
Tho trusteqs•Ckr￿1edle Iholr responslL4lltles for..
l•1 th•t th• ¢harlt*ble Com￿nY keeps •cwUnlI￿ iecoids whlth omply Secilons 386 ind 387 01 the
CompJnleJ ki 2006 ond
Ibl Ilnbnclal statements whlch 81¥• ? tf¥o lair of tht• ol •ff•lrs olth• dwritibl• camp•ny as
at the end of •#ch fln•nrlal year •NI ol Its Sur￿￿$ oi denclt lor each flnandal ye&r in xcorthnce wlth the
r•gulrem•nt5 01 Sectlons 394 •Thd 395 and whlch othen¥liè comply wlih the requlremeTrtsol th•COMp￿1￿ Act
?(KJ6 rp.latlne lo flnaTrclal slalement5. 50 lar as appllcable to the ¢h•dtsble companv.
Tbest fknaDdal 51at•ments have been prepaitd In acwrdènce wilh thè spoclal pro￿lI0n$ of Pail 15 01 the CompJnlEJ
Aci 2W6 r•lallne ro small charllabie £ompanles and wlth ihe FID*nclal ReporLln8 si•nd¥fO appllc•llE In ihe UnSted
KI￿d0M arml Aepubll£ of Irelino IFAS 1021.
fln•nd•l £t•tements were approvèd by th& 8oir
an tts b•hill by.
IT
IS ApYknL.....-.... 2021 ond ww• iwed
Dr P D Wadoy. Chalrm
S M W•Tr-Treasurer
Pa80 10

Theo
Istered Com
ens
aces Soclet
Number.. 07846516
Re
an
Notes to the fln8
For the Year Ended 31 December Z02Q
clal statements
ACCOUNTING POLICIES
The principal atcountlng Pollcles adopted, judgement5 and key sources of estlmatlon for uncertalnty In the
preparatlon of the flnanclal statements are as follows..
lal Bis15 of preparatlon
The linanclal staiement5 have beÈn prepared In accordance with AccountlnE and Reportlng by Charltles.. Statement
ol Recornmended Practice applicable to charitles preparing their accounts In accordance wlth the Flnanclal
Reportlng Standard appllcable in the UK and Ropublic ol Ireland IFRS 1021- Icharltles SORP IFRS 10211, the
Flnanclal Reportln8 Standard appllcable In the UK and Republic Of Ireland IFRS 1021 and the Companles Act 2LKI6.
The Open Spaces Soclety meets the deflnlllon ol a publlc beneflt entity under FAS 102. A$5etS 8nd118bllltles
are In￿1311¥ rècodnlsed at hlstorlcal cost or transactlon value unless otherwise slited In the relevant
accountlng pollcy notelsl.
Ibl Income reco8nltlon poll¢l•s
Items ol Sncome are recoBnlsed and Included In the flnanclal 5tattments when all of the lollowln8 crlterla are met,.
the charlty ha% entitlement ta the funds.,
any performance CDndlllons attached to the Itemlsl ol Income have bèen met or are lullv
wlthln the control of rhe charlty;
there 15 5ufflcleni certalnty that recelpt of the Incorne Is conslderéd probable, and
the amount Gan be Ireasured rellably.
Lei8£les
For le8acles, entltlement15 taken as the earller ol..
the date on whlch the charlty Is aware that probate has been Branted.,
the estate has been flnallsed and noilflcatlon has been made by the executorlsl to the
charSty that a dlstrlbutlon wlll be made., or
when a dlstrlbution 1$ rèeelved from the estate.
Receipt ol a legacy, In whole or In part, Is only c¢n5Idered probable when thè amount can be measured rellably
and the charlty has been notlfled ol the executor's IntentSon to make a dlstrlbutloTh,
oihèr voluntery Income
Voluntary Income recelved by way of 5ubscrlptlon, donatlons 3nd appeals Is Included In the flnanclal statements
when recelvable and thE amount con be measured rellably by the ch8rlty.
Donated servlces
The value of servlces provlded by volunteers has not been Included In these flnanclal statements.
Interesi recelvjble
Int8re5t on funds held on dep051t is Included when rtceivable and the amount can be mea.5ured rellably by the
harlty,. th1$ Is normally upon notlllcatlon of the interest pald or p)yable by the bank.
(¢1 Expondlture and Irrecoverable VAT
Expenditure Is recognlsed onte there Is a le8al or constructlvè obllgatlon to make a payment to a thlrd party, it Is
probable that 5ettlEment wlll be requlred and the amount of the obllgatSon can be measured réllably. Expendlturé
is classified under the following actlvlty headln8S'.
Expendtture on Charltable actlvltles comprise those costs Incurred by the charlty In the dellvery of Its actlvrtles
and servlces for Ils benellclarles, It includes both costs that Can be allocated dlrectly to such actlvitles and those
cost5 of an indirect nature nece55ary to support them. Governance costs Include those costs assoclated wlth the
constltutlonal and statutory reoulrements ol the charlty and Include the1ndependent examlner's fee5 and costs
Ilnked to the strategic mana8ement of the charlty.
Irrecoverable VAT is charged as a cost against ihe activity lor whlth the expendlture was Incurred.
Page 11

Theo ens
Re
LKlstered Com an
a¢es Soclet
Number.. 07846516
otes to the Ilnanclal st te
contlnue
Fort
Year Ended 31 December 2020
ents
ACCOUNTING POLICIES Icontlnuedl
Idl Flxed Assets
Fixed assets lexcludln8 Investment51 are stated at cost les5 accumulated depreclatlon. Oepreclatlon Is provlded
so as to wrlte off the asset over four years.
Inve5trnent5 held as flxed assets are revalued at mld-market value at the balance sheet date and the 8aln or loss
taken to the Statement of Flnanclal Actlvltle5.
(•} Fund Accountln8
Generolfund Thls is an unrestrlcted fund whlch Is to be Invested lor the b@nellt of the society but remalns
avallable tts the trustees to be used lor the object5 of the society or lor maklng allocatlons to the Strate6lc
Reserve lund.
stmteqlc Re&éThe Jund - Thls Is an unrestrlcted lund dèrlved from allocatlon5 from the General fund. It15
Ihe pollcy of the trustees to keep 48 months, reserve In thls ftsnd, so that It should hold sufflcSent to cover the
50clety's followlng 48 months, net out8olng5, and to allow lor an orderly closure of tht soelety thereafter,
should thls become necessary. In line wlth this pollcy, the fund stood at £727,847 at 31 December 2020,
Thls ltsnd Is to be Invested for the beneflt of the soclety bui remalns avallable to the trustees to transfer
back to the General fund In case ol need.
Appllcotlons Reserye Fund - this15 an unrestrlcted fuDd derlved liom allocatlons from the Geheril Fund,
The funds wlthln thls re5erv8 are to be used to see throu8h to completlon appllcatlon5 tts reglster rlghts ol
way or tommon land where the oppllcatlon has been made In the name of the Soclety. Some appllcatlons
aré determlned qulckly and wlthout $16nlllcant cost, but for some there may be many years between Jn
appllcatlon belng made and Its concluslon. The Trustées tonslder that It15 appropilate to hold a reserve for
thls purpose 50 that protracled appllcatlons can be supported.
Cr•tch Jones Jund The Income Irorn thls restrlcted fund may be used lor the oblects of the 50clety that
would not normally be met from the GenerJl fund.
Cundylund - Thls Is a restrlcted fund to be used only ftsr the general charltable purpose5 of the Opens Spaces
Soclety. It Is not to be used lor adminlstratlve expenses.
Bumtonfvnd. The Incorne from this fund is transferred to the soclety's Genéral tund.
DONATIONS IINC, GIFT AIDI AND LEGACIES
31,12.20 31.12.19
Denatlons
Legacles
Glft Ald
9,530 121,380
192,588
26,027
18,225
41.656
220,343 189,063
APPEALS AND GIFT AID
Funds ralsed by appeals ovor the year also generated related Income vla Gllt Ald.
Donailons
Appeal
Glft Ald
Total
Lekal Fund Replenlshment IAutumn 20191
5avlnE Lockdown Space5
5,760
9,435
653
2,078
6,413
11,513
15,195
2,731
17,926
INCOME FROM OTHER TRADING AcfiviTIE5
51.12.10 31.12.19
Sales of publlcations
Special projects and iralnln8
Trusts, royaltles, commI￿lOn etc.
1,455
871
1.000
2.513
4,696
6.ISI
4,384
Page 12

Theo
ens
acts Socl
Istered coM￿Y Nurnber.. 07846516
an
Notes to the flnanclal statements
contlnued
For the Vear Ended 3IDe￿Mber 2020
INVESTMENT INCOME
31.12.20
31.12,19
Llsted Inve5trnents
Cash Investmènts
39,812
10,431
49,319
6,913
50,243
58,232
OTHER INCOME
31.IZ.20
31.12.19
Othei Income
2,491
Othèr Income comprises sundry recelpts unrelated to the opèratlons ol the charltv.
STAFF SALARIES
31.12.20
31.12.19
Gross salarles
Temporary starf s81grles
Employer's Natlonal Insurance contrlbutlons
Employer penslon contrlbutlons
Recrultment costs
184,980
1,840
12,199
7,928
7,206
179,034
13,404
7,024
1,039
214,153
200,SOI
Employees wlth emoluments exceedlng the Charlty Commlsslon reportln8 threshold of £60,000,. NII12019.' NIII
The average number of full-tlme equlvalent employees In the year was slx12019.. Ilvèl
PREMISES COSTS
3J,12,20
31.12.19
Rent
Llght and heat
Other
Cleanlng
Repalrs and malntenanc6
Insurance
Ratès and water
Consumables
7,81XI
1,268
628
1,481
6,023
694
902
102
7,8CM)
1,304
718
1,530
2,084
560
911
141
18,898
15,048
ADMINISTRATION COSTS
31,12,20 31.12.19
P05ta8e, telephone and 5tatlonerv
IT ¢osts
Travel and subslstence
Prlntlng and photocopylng
Costs of appeals lor fundlng
Depreciatlon of tomputer equlpment
Other
Profe5slonal Indemnity insurance
8,241
9,165
1,985
3,690
2,097
1,909
1,205
1,091
8,885
8,363
6,109
4,074
4,251
951
1,420
1,081
29,383
35,134
Page 13

Theo
ered Co
ens
aces So¢let
Number.. 07846516
Notes to the Ilnanclal statements
Contlnued
For the Year Ended 31 December 2020
OTHER COSTS
31,12,20
31.12,19
Markellng
Legal Costs
Subscrlptlons
Conferences and trainlng
Don&tlon5 and Grants
Legacy mallln8 to the Law Socletv
gook5 and maps
Common$ Re8lstratloD Project
3S,608
61,443
10,822
528
34.768
40.013
10,191
2,876
9S
800
16
67
32,129
72,004
181,221
120,139
li
GOVERNANCE COSTS
31.12.20
31.12.19
Independent examlner's fees1Sncludlng taxatlon servlcesl
AGM and trustees
other prolesslonal fee5
5,634
918
853
4,861
S,249
581
7,405
10,691
12
GAINSIIL055ESI ON INVESTMENT ASSETS
Unreallsed 8aln11105sI on revaluatlon of Investments
1171,2041
140,626
331-Z3r
ij
ANALYSIS OF FUNDS
Openlng
balance
Net Incornel
l¢xpendliurel Trinsl•rs
Closlng
ba1411¢•
Unrestrfcted lund$
General fund
StrateBlc reservè lund
Appllcatlons reserve fund
312,768
971,112
165.000
183,5291 123,63SI
1243,2651
270.CQO
205,604
727,847
435.WJ
Restrl¢ted fund$
Creech Jones luTrd
Candy fund
48,925
477,689
16,S141
1173,9671
11,9741
40,437
303.722
Endowm•nl funds
Buxton fund
21,s￿)0
13,7141
11.1261
23,060
2,003,394
1267.7241
1,735,670
Page 14

Theo
ens
Istered Com
aces Soclet
Number.. 07846516
an
Notes to the flDanc!al statements Icontinued
For the Year Endtrd 31 De
20
14
TANGIQLE FIXED ASSETS
Ofllce
equlpment
Computer
equlpment
Totlll
Cost
At l Janu3ry 2020
Addltlons
015posals
10,170
701
39,321
4,243
49,491
4,944
Al 31 December 2020
10,871
43,564
54,435
Depreclutlon
At l January 2020
Ctharge for the year
015P05als
9,798
178
35,659
1,731
45,457
1,909
At 310ecember 2020
9,976
37,390
47,366
Net book value at 3J December2020
895
6,174
7,069
Net book volue at 31 December2019
372
3,662
4,034
Is
INVESTMENTS
2020
2019
AT MARKET VALUE I JANUARY
Net Investment galn51llos5esl
986,800
1171,2041
846,174
140,626
AT MARKET VALUE 31 DECEMBER
815.S96
986,800
There wèrè no Investment assets outslde the UK. The Inve5tment$ are held primaflly to provlde aTh Investment
rÈturn lor the Charitv.
The hlstorlcal c05t of the above Investment5 at 31 December 2020 Is £720,34912019'. A720,3491
16
DEBTORS
2020
2019
Accrued Intome
Legacles recelvable
Professlonal Indemnlty Insuian¢e prepald
I,ociJ
4,660
991
991
1,992
5.651
Page 15

Theo
ens
l$tered Com
aces Soclet
Nurnber.. 07B46516
Re
Noies to ihe flnanclal statements
contlnued
For ihe Year Ended 31 DÈcember 2020
17
FIXED ANO SHORT TERM DEPOSITS
31.12.20
31.12.19
Aldermore 8ank @ond
Hampshlre Trust Bank
Cambrld8e & Countle5 Bank
The Charlty Bank
Shawbfook Bank
NatIOn￿de Instant Savèr
Unlted Trust Bank
CAF Gold Account
Natlonwlde Instant Saver
Hod8e 8ank
Fuiness @ulldln8 Soclety
Alllca Bank
78,543
85,000
89.152
86,800
85,000
86,052
89.035
50.850
I5,1￿0
85,￿0
85,000
85,OJ4
77,113
85.000
87,918
85,005
85,000
85,000
87,101
408,651
920.446 1,000,788
CREDITORS., AMOUNTS FALLING OUE WITHIN
ONE YEAR
31.12.20
31.LZ.19
Tradq credlwrs
Accruals
Other taxes and soclal securlty costs
Prov151Dn lor future costs
14,220
3,912
4,842
10,000
9,864
3,914
490
32,974
14,268
19
PARLIAMENT PIECE
The $oclety owns ihls land In Kenllworth whleh15 lea5etl, under a 99-year lease, to Warwlck Olstrlct Coundl and
mana8ed locally. No value has been placed on this land In these linallclal 5tatement5.
20
REMUNERATION OF TRUSTEES
None of the trustees recelved any remuneratlon12019- nlll.
An a8gre8ate of £36712019.. £1,223) wa5 relmbursed to four12019- four) tr115tees lor expenses Incuired In
relatlon to the soclety's actlvltles, Includlng attendlng meetlngs andlor actlng as local coNespondentS.
21
COVID 19
Ihe coronavlrus pandernlc has 51gnlll£èntly dlsrupted Indlvldu31s' personal Ilves and bu51ne5ses' econornlc prospects In
the UK and across the globe. The UK entered lockdowns in March 2020 and Novernber 2020 wlth a thlrd lockdown
commencln8 early In January 2021. Whèn the country was not In lockdown restrlctlons on movement and 50clal
dlstancln8 provisions remalned in place.
The trustees have contlnued to prepare ihe flnanclal statements on a 8oln8 concem basls and the trustees deern thls
to be approprlate. The trustees do not conslder that a materlal uncertalThty about the charlty's 8olng tontern status
currently emlsts. In making this asse55ment the trustees have consldered the Ilkely tradlng cond1t10￿5 for a perlod of
twelve months from the date of approval of these Ilnanclal stètement5.
Page 16