Company registration number". 08085970 Charity registration number.. 1148413 Chalke Valley History Trust IA company limited by share capilall Annual Report and Financial Statements for the Year End8d 30 November 2021
Chalke Valley History Trust Contents Trustees Report 1to5 Reference and Administrative Detai13 Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Adimties Baiance Sheet Notes to the Financial Statements 101019
Chalke Valley History Trust Trustees Report The trustee8, who are directors for the purposes of company law. Pfesenl the annual Teport together with the financial statements of the charitable company for the year ended 30 November 2021. ObJecttve$ and activitles Objeets andaims The objects of the Trust are the promotion and advancement of the education of the public by the study of history land allied subjects) and by the enhancement of the teaching of history in order to foster an appreciation and greater understanding of the subject. The Trust intends to carry out these objects by.. . funding the Chalke Valley History Festival., funding the Chalke Valley History Festival for Schooi8'. fundlng Msits to the festival. schools festival and to other history-related sites and evénts by schools unable lo afford such visits otherwise,. and ' making grants to applicants who app for fundlng of prc¥ects which fulfil the objects of the trust. Publ1¢ beneflt The trustees confirm that they have complied the requirements of section 17 of the Charities Act 2011 to have due regard to the public beneff( guidance published by the Charity Commission for England and Wale5. Achievements and performance al Fundaraising During the financial year to 30 November 2021 the Trust received donations of £221,633 which was small reduction compared lo the 2020 financial year. These donations have been provided by charitable foundations and individuals with most requiring that the donations be used to support the aclivilie$ of the Chalke Valky History Festival and the Chalke Valley History Festival for Schools Donors. Notable donations included.. . A donation of £35.000 from the Sanderson Foundatson., and . A donation of £15,000 from the Calleva Foundation. b} Grants In 2021 the Trust made grants from its surplus unreslricled funds to third party applicants lolalling £10.525 which was a substantial increase over prior years rellecting the increasing number of applications for grants, particularly from post-graduate students. Grants lo Chalke Valley History Festivals Limf(ed and CV Schools History Festival totalled £139,000. All the grants were made in accordance with the Trust's grant making policy and the requirements of donors lo the Trust. Grants made outside the Trust group comprised.. Page 1
Chalke Valley History Trust Trustees Report Eight grants of £1,000 each and one grant of £500 10 Support students undertaking postgraduate research PhD.. A grant of £500 to the Bremhill Parish history group to part fund the publication of a history of the parish,. • A grant of £500 to Graham Thompson lo part fund the publication of his history of a Devon village, Chrislow, which has been donated lo the Teign Valley Museum & Archive Trust., . A grant of £1,000 lo fund a dendrochronologi¢al projed by Wiltshire Buildings Record., and A grant of £25 to the Brf(ish Diplom81ic Oral History Project lo fund travel expenses of their recorders. c} Festivals Following the cancellation of the festivals in 2020 and after careful consideration, the directors of Chalke Valley History Festivals Limited took the decision in March 2021 to proceed with planning for a festival in June 2021. The directors of CV Schools History Festival Limited decided at the sam& b'me that the schools festival should not take place in June 2021 due lo the continuing pressure on schools caused by the pandemic. Although the lockdown oslrictions imposed on the UK were not fully lifted by the time ol the festival, the festival took place successfully as planned in June 2021. Signrficanl changes were made lo the fomial of the festival with a shorter duration and a new Ouldr programme of tslks not held in marquees which wero particularly popular. Overall, tho festival was highly SU9S8ful due to the excellent programme and due lo the lack of similar face-lo-face events during the prior year and a half of the pandemic. The trustees would like to record their thanks to all the staff and direetors of the festival who made il such a SUcS in the most drffiCU of circumstsnces. Flnancial r8view The intention of the trustees is that the principal SOUTce of funding for the Trust will be surpluses generated by the festivals as well as from direct donations and third party funding. Since the festival was first held in 2011. it has been in a period of development and, consequently, surpluses were not generate(t until 2014. The directors of the festival and the trustees have been Conscious Sin 2014 that the festival and Trust needed to continue to builtl up reserves of capital for the future, particularty given the ulilisation of such reserves in 2016. In view of this prudent policy, the Trust entered the 2020 financial year with a substantial reserve and thus was able to handle the canlIation of the 2020 festiva15. The financial reserves poSitn of the Trust remains strong in 2021 due lo the continuing support of the donors and the careful stewardships of the Trust and ils resources and the festwals. Chalke Valley History Festivals Lim((ed received the final instalmenl of the £260,000 from the Arts Council administered Cultural Recovery Fund of the UK govemmenl in 2021. The Trust had voluntsry income of £221,83712020." £268,732>, investment income of £412020.. £551 and, after making grants of £149,525 12020." £79,816) and incurring governan costs of £1,564 {2020'. £5,536}, il recorded an increase in nel funds of £68,366 12020.. £181,380). Al the period end, the Trust had cash of £411,71912020. £342,790} and lolal nel assets of £406,901 12020.. £338,353). Policy on reserves The resetves of the Trust comprise a £30,000 long-lerm reserve held lo support ils trading subsidiaries and, in addition the trust holds a level of free reseNes in unrestricted funds of £2,000. This free reserve has been adopted in line w(th Charity Comrnission guidance in order to ensure that there are sufficient funds available to facilitate an ordedy winding up of the charty should it become necessary. Page 2
Chalke Valley History Trust Trustees Report Plans for future periods Alms and key objectives for future periods The Trust intends to continue to solicit tunding and donations for ts aclivilies. It plans to support both the Chalke Valley History Festival and Chalke Valky Schools History Festival for the long lemi and also to continue lo make other grants to applicants who seek funding for projects which meet the Trusfs granl-making policy. Stru¢tur81 governance and management Oryanisational structuftp The Chalke Valley History Trust was incorporated on 28 May 2012 as a company Ilmrfted by guarantee and is conslituled under articles of association d*ed 28 May 2012. The eslablishmenl of the Trust arose from the desire of the founders of the Chalke Valley History Festival to establish charitable enlily that would promote the understanding and enjoyment of history lo people of all ages. The Trust was awarded charilablo slalus by the Charity Commission on 2 Augu812012. The Trust owns all the share capi(al of trading companies.. Chalke Valley History Festivals Limited, which operates the Chalke Valley History Festival, and CV Schools History Festival Limited, which operates the Chalke Valley Sehools History Festival. At the inception of the Trust, four trustees were appointed who had an interest in history, a local connection lo the Chalke Valley in South Willshire and skills relevant and useful lo the Trust. Subsequently three further trustees were appointed.. Chris Culpin (May 20181, Paul Cartledge (May 20181 and David Bernstein IDec 20181. Paul Cartledge resigned as a trustee on 2 October 2020. The trustees are actively searching for a replacement trustee. The ITUStees are the members of the company and also serve 88 directors. As a company limited by guarantee, all surplus funds generated by the Trust's activities are retained within the company and, by law, are not capable of being distributed to the members of the company. The trustees meet on rogular basis, as required, lo review the past activities of the Tru$l and agree on the fijlure aclivilies. I trustees gwe their time freely and no trustee remuneration was paid in the financial period. Trustees are required to disclose all relevant interests and register them with the Chaiman and, in accordance with the Trust's policy. withdraw from a decision of the Trustees where a nflICt arises. The Trustees have reviewed the activl(ies of the Trust and ils subsidiaries and assessed the risks of tho group 8nd are satisfied that systems exist to mitigate those risks where applicable. Day-t&day management of the Trust'8 actimties is handled by the Chaimian, Peter Bell, and Rachel Sykes. Pa98 3
Chalke Valley History Trust Trustees Report Reference and Administrative Details Trustees P.E. Bell T. Holland Lady P.M. Marland S.C. Whitmore C.B. Culpin D S Bemstein Unit 1 The Stables Chalke Pyt Farm Broad Chalke Salisbury Wilshire SP5 SET Princlpal Office Registered Office Alexandra House St Johns Street Salisbury Willshire SP12SB The charity is incorporated in England and Waes. Company Registration Number 08085970 Charity Reglstration Number 1148413 Sollcltors Wilsons Solicitors LLP Alexandra House Sl Johns Street Salisbury W1hlre SP12SB Pago 4
Chalke Valley History Trust Trustees Report Reference and Administrative Details Independant Examlner Francis Clark LLP Hitchcock House Hilvtop Park Salisbury Willshire SP3 4UF Financial instruments Objectives andpoll¢ies The charitys activities expose il to a numbor of financial risks including credit risk and Iw4uidity risk. Crodit risk The charitys prin¢ipal financial assets are bank balances and cash. The credit risk on liquid funds is limited because the counter- paty is 8 bank w(Ih a high ¢redrt-rating assigned by intemalional crodit-rating agencies. Liquidlty In order lo maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the trust m8inlains a financial reseNe of approximately £2,000 to cover operating costs and a futher substantial fong-term reserve. Going concern In vi8w of the support of our donors and the prudent level of financial reserves in the Trust, and the Success of the recently held June 2021 festival, the trustees are confent that the Trust and the wider group can continue lo operate as a going concern and. based on cash resources available. the trust is able lo continue for 12 months following the dale of approval of these accounts. The annual report was approved by the trusteès of the charity on 22 April 2022 and signed on its behalf by.. P.E. Bell Trustee Page 5
Chalke Valley History Trust Statement of Trustees, Responsibilities The trustees (who are also the d1clOrS of Chalke Valley History Trust for the purposes of company lawl are responsible for preparing the Iruslees, report and the financial statements in accordance with the United Kingdom Aecounling Standards (United Kingdom Generalty Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees lo prepare financial statements for each financid year. Under company law the Iruslees must not approve the finanaal statements unless they are satisfied that they give a true and fair view of th8 slate of affairs of the charitable company and of ils incoming resources and application of resources, in¢luding ils income and expendrture, for that period. In preparing these financi81 statements, the trustees are required lo.. select suitable accounting policies and appty them consistently,. observe the methods and prinaples in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whelhgr applicable UK Accounting Standards have b*n followed, subject lo any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting rewrds that are sufficient to show and explain the charitable companys transactions and disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the harilable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregLtlarilies. Approved by the trustees of the chaiity on 22 April 2022 and signed on its behalf by.. P.E. Bell Trustee Paga 6
Chalke Valley History Trust Independent Examiner's Report to the trustees of Chalke Valley History Trust I report on the accounts of the charity for the year ended 30 November 2021 which are set out on pages 8t0 19. Respectlve re$ponsibilitigs of trustees and examiner The trustees (who are also the directors of the company for the purposes of ccmpany 18wI are sponsible for the preparation of the accounts. The trustees consider that an audrf( is not required for this year under section 144{21 of the Charities Act 2011 (the 2011 Act} and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and 1$ eligible foi independent examination, i(15 my responsibilty to.. examine the accounts under section 145 ofthe 2011 Ad.. to follow the procedures laid down in the general Directions gnien by the Charity Commission under section 14515llbl of the 2011 Aet.. and to slate whether Particular matters have come to my attention. Basls of Independent examin8Vs report My examination was carried out in accordan wi(h the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charty and comparison of the accounts presented with those records. 11 also includes nSIderatIon of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 't and lair view, and the report is limited to those rnatters Set out in the statement bel. Independent examinerfs statement In connection with my examination, rbo matter has eome to my attention= {11 which gives me reasonable cause lo believe that in any material respect the requirements.. lo keep accounting records in accordance wth section 386 of the Companies Act 2006.. and to prepare accounts which accord with the a¢¢ounting record5. comp wf(h the accounting requirements of section 396 of the Companies Act 2006 and wlh the melhcKIs and principles of the Slalemenl of Recommended Practice.. Accounting and Reporting by Charities have not been mel. or 121 to which. in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts lo be reached. Hitchcock House Hilftop Park Salisbury Willshire SP3 4UF Date.. 27 June 2022 Page 7
Chalke Valley Hlstory Trust Statement of Financial Activities for the Year Ended 30 November 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrf¢tgd funds Totsl 2021 Note Income and Endowments from: Donations and legacies Investment income 221,633 221,633 Total income 221,637 221,637 Expendlture on: Charitable actNItEs Other expgndilure {151,0891 2.000 {151.0891 2,000 Total expenditure Net income 153.089 153,089 68,548 68.548 Net movement in funds 68,548 68,548 Reconclllatlon of funds Total funds brought fomard Total funds carried forward 338,353 338,353 17 406.901 406.901 Unrestri¢tgd funds Total 2020 Note Income and Endowments from: Donations and legacies Investment income Other income 256.677 55 12.000 256,677 S5 12,0 Total income 268.732 268.732 Expendlture on: Charitable adiwties Other expenditure 185,352} 2,000 185.3521 2,000 Total expenditure 87,352 87,352 Net income 181,380 181,380 Net movement in fttnds 181,380 181,380 Reconciliation of funds Total funds brought forward Total fvnds carried forward 156,973 156,973 17 338.353 338,353 All of the charity's acttvities derive from continuing operations during the ab¢)ve tsyo periods. Page 8
Chalke Valley History Trust (Registration number: 08085970) Balance Sheet as at 30 November 2021 2021 2020 Note Flxed assets Investments 13 Current assets Debtors Cash al bank and in hand 14 1S 70 342,790 411.719 411.719 342,860 Creditors: Amounts falling due vAthSn one year Net current ass8ts 16 4,820 4,509 406,899 338,351 Not assets 406,901 338,353 Funds of the charity.. Unrestricted Income funds Unreslficled ftJnd8 406.901 338,353 Total funds 17 406,901 338,353 For the financial year ending 30 November 2021 the charty was entitled lo exemption from audit under sedion 477 of the Companies Act 20L% relating to small companies. Directors, responsibilities-. The members have not required the charity to obtain an audit of ils accounts for the year in question in accordance wrth section 476,. and The directors acknowledge their responsibilities for complying wtth the requirements of the Act respect lo accounting records and the preparation of accounts. These accounts have been pr6pared in accordance wi(h the promsions applicable to companies subject to the small companies regime. The financial 51atemenls on pages 8 10 19 were approved by the trustees. and aulhorised for issue on 22 April 2022 and signed on their bghalf by. P.E. Bell Trustee Pagè 9
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 1 Charity status The charity is limited by share capttal. incorporated in England and Wales. The address of f(s registered office is.. Alexandra House Sl Johns Street Salisbury Wiltshire SP1 2SB The prinapal place of business 18.. Unit 1 The Stables Chalke Farm Broad Chalke Salisbury Witshire SPS SET These financial statements were authorised for issue by the Iruslees on 22 April 2022. 2 Accountlng pollclos Surnmary of significant accountlng policies and key accounting ostimatos The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consislenlty applied to all the years PTesenled, unless otherwise slated. The registered office and country of In[Poration is shown in Reference and Admini$lr8twe details in the trustees, report. Statemont of compllance The financi81 statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151 Icharilies SORP IFRS 102}I, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also eompty wf(h the Companies Act 20[ and Charities Act 2011. Basls of preparatlon Chalke Valley History Trust meets the definition of a public benefit entty under FRS 102. Assets and liabilities are initially reeognised al hi$tOTi¢al cost or transaction v81ue unless otherwise slated in the relevant accounting policy notes. The financial ststements are prepared in Sleding, rounded to the nearest whole pound. Page 10
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 Going concern In view ol the support of our donors and the prudent level of financial reserves in the Trust. and the success of the recently held June 2021 festival, the Iruslees are ¢onfid8nt that the Trust and the wider group can continue lo operate as a going concern and, based on cash resourees avalble, the trust is able to continue for 12 months folkmng the date of approval of these accounts. Exemptlon from prnparing a cash flow statement The charity opted lo early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a ca8h flow statement in these financial stalemenls. Exemption from preparlng group accounts The charity has taken advantage ol the exemption in section 398 of the Companies Act 2006 from the requirement t¢ prepare consolidated financial statements, on the grounds that il is a small sized group. Judgements There are no key judgements used in the preparation of these financial statements. Key Sources of estimation uncertainty There are no key sources of estimation UnrtaInty used in the preparation of these financial staternenls. Income and endowments All income is recognised once the charty has entillemenl to the income, it is probable th* the income will be received and the amount of the income CeIVable can be measured reliably. Donations andlegacies Donations are recognised when the charty has been notrfied in writing of both the amount and settlement dale. In the event that a donation is subject to conditions that require a level of perfomiance by the charity bdore th& charity is enlilled to the funds, the income is deferred and not recognised until eilhgr those conditions are fulfy met, or the fulfilment of thosè eonditions is wholly within the control of the charty and il is probable that these conditions will be fulfilled in the reporting period. Investment Income Investment income is recognised once f( is receivable. Page11
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 Expendlture AJI expenditure is recognised once there is a legal or constructive obligation lo that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consistent with the use of sOurces. Charftable actlvltlas Charitsble expenditure comprises those c0818 incurred by the charity in the delivery of its activities and services for (t$ beneficiaries. It includes both costs that can be allocated diredly to such activities and those costs of an indirect nature necessary lo support them. Grantprovlslons Provisions for grants are made when the intention lo make a grant has been communicated to the recipient but there is uncertainty about either the liming of the grant or the amount of grant P8yable. Governancg costs These include the costs attribLtsble to the charitls compliance wth conslitulional and sL7tutory requirements. including audit, strategic management and truslees's meetings and reimbursed expenses. Taxation The charity is considered to pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable Company for UK corporation tax purposès. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusivgly to charrtable purposes. Trado dobtors Trade debtors are amounts due from customers for merchantJise sold or services perfomied in the ordinary course of business. Trade debtors are recognised initially al the transaction price. They are subsequently measured al amortised cost using the effective Inte$1 method, less provision for impaimienl. A proMsion for the impaimenl of trade debtors is established when there is objective evidence that the charity will not be able to Collect all amounts due according to the original terms of the feceivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readi convertible to a known amount of cash and are subject to an insignrficant risk of change in value. Pag8 12
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 Trade credltors Trade creditors are obligations to pay for goods or servic0$ that have been acquired in the ordinary Course of business from suppliers. Accounts payable are classified as current liabilities rf the charity does not have an unconditional right, at the end of the reporting period, lo defer settlement ol the cred(tor for at ieasl twelve months after the reporting dale. If there is an unconditional right lo defer settlement for at least tsvelve months after the reporting date, they are presented as non-current Trade creditors are recognised initially al the transaction price and subsequenlly measured at amortised cost using the effective interest method. Fund structure Unrestricted income funds are general funds that are available for use al the Irustees's discretion in furtherance of the objedwes of the charity. Flnanclal instruments Classmleation Financial liabilities are recognised when the charity becomes a party lo the contractual provisions of the inslrumenl. Financial liabilities are classified according lo the substance of the contractual arrangements entered into. The charty holds the following financial liabilities.. -short term creditors Rocognition and measurement All financial liabilities are initially measured al transaction price lin¢luding transaction costs). Financial liabilf(ies are deretognised only when the oblig*ion specified in the contrad is discharged, cancelled or expires. Investments Investments in subsidiaries and associates are measured at C08t less impairment. 3 Income from donations and legacies Unrestrlcted funds GenoTr1 Total 2021 Total 2020 Donations and legacies., Donations from cornpanies, trusts and similar proceeds Donations from indmduals Gtft aid reclaimed 18,000 200,773 2,860 221,633 18,000 200,773 2.860 221,633 20,000 221,664 15.013 256.677 Page 13
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 4 Investment income Unrestrlcted funds General Total 2021 Totsl 2020 Interest receivable and similar income., Interest receniable on bank deposi18 55 S Other income Total 2021 Total 2020 Thread of History 12,000 6 ExpendSture on charitsble a¢tlvltles Unrestrlcted funds General Total 2021 Total 2020 Note GTant funding of activities Governan costs 149.525 1,564 151,089 149,525 1,564 79,816 5.536 151,089 85,352 In addition to the expenditure analysed above. ther8 are a180 governan costs of £1,564 12020 - £5,536) which relate directly lo charitable aclivilies. See note 8 for further details. 7 other oxpendlture Unrestricted Total 2021 Total 2020 General Note Thread of History - author payments 2,000 2,000 2,000 2,000 2,000 2,000 Page 14
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 8 Analysis of governance and support costs Govemance costs Unrastr1&d funds General Total 2021 Total 2020 Independent examiner fees Examination of the financial slalemenls Other fees paid to examiners Legal fees other govemance costs 525 525 1,800 3,113 367 672 367 672 5,536 9 GrantmakIng Analysis of grants The support costs associated with granl-m8king are £Nil {30 November 2020- £Nill. Below are details of m*erial grants made to instf(ution$ by the charity 2021 2020 Name of Instltutlon Chalke Valley History Festwals Limited CV Schools History F9Stival Limited Historical education Actlvlty Historical education 77.000 82.000 139,000 78,904 78,904 10 Trust90$ remuneration and expenses No trustees, nor any persons conneded wlth them, have received any romuneration from the charity during the year. Page 15
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 11 Independent examlnefs remuneration 2021 2020 Examination of the financial sL*emenls 525 1,800 Other fèes to examiners All othèr services 3,113 12 Taxation The charity is a registered charty and is therefore exempl from taxation. 13 Flxed asset invg$tments 2021 2020 Shares in group undertakings and paCipating interests Shares in group undertakings and partlclpating interests Subsldlary undertakings Total Cost Al 1 December 2020 At 30 November 2021 Net book valug AI 30 November2021 AI 30 November 2020 Page 16
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 Dotails of undertakings Details of the inveslmonls in which the charity holds 20% or more of the nominal value of any class of Sha capital are as follows.. Country of Incorporation Undertaklng Proportion of voting rights and shares held 2021 2020 Principal activity Holdlng Subsldlary undertakings Chalke Valley History Festivals Limited Alexandra House, St Johns Street, Salisbury SP1 2SB CV Schools History Festival Limited Alexandra House. St Johns Street, Salisbury SP12SB Provision of history fe8kn'v8ls to the public. England and Wales Ordinary shares 100% 1000 Provision of history festivals to schools. England and Wales Ordinary shares 100% 1000 Subsidlaries The profrt for the financial period of Chalke Valley History Festwals Limf(ed was £15.507 12020 £185.39911 and the aggregate amount of capital and reseNe8 at the end of the period was £62,693 12020 - £47,186). The loss for the financial riod of CV Schools History Festival Limited was £2,499 12020 £3,618) and the aggregate amount of capital and reserves al the end of the period was £8,568 12020 £6,C691. For Chalkfj Valley History F8Stivais Limited the turnover for the year was £705,888 12Q20 £97,045) wf(h total expenditure excluding lax of £872,88712020- £320.6151. For CV Schools History Festival Limited the tumover for tho year was £62,00012020 - £nill wth total eypendilure excluding tax of £64,49912020- £3,618). Page 17
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 14 Debtors 2021 2020 Due from group undertakings Other debtors 45 25 70 1S Cash and cash equivalents 2021 2020 Cash at bank 411,719 342,790 t6 Crndltoryts: amounts falllng due withln one year 2021 2020 Trade creditors Accruals 320 4,500 4,820 4.500 4.509 17 Fund$ Balance at 1 Decernber 2020 Balance at 30 November 2021 Incomlng resources Resources 9xpended Unrestrfcted General 338,353 221.637 153.089 4[,901 Balance at 1 December 2019 Balance at 30 November 2020 Incoming resourcos Resources expended Unrestricted General 156,973 268,732 87,352 338,353 Pag8 18
Chalke Valley History Trust Notes to the Financial Statements for the Year Ended 30 November 2021 18 Analysis of net assets b9tweon funds Unrestrictod 2021 Total fund General Fixed asset investments Current assets Current liabilities 411,719 4,820 411,719 4,820 Total net assets 406,901 406,901 Unrgstrlcted 2020 Total funds General Fixed asset investrnenl$ Current assets Current liabilities 342,860 14.5091 338,353 342,860 14,5091 338,353 Total net assets 19 Analysis of net funds At3 Novembar 2021 At 1 Decembar 2020 Cash flow Cash al bank and in hand 342,790 68.929 411,719 Net funds 342,790 68,929 411,719 December 2019 Financlng cash flows November 2020 Cash al bank and in hand 134,071 208,719 342,790 Net debt 134,071 208,719 342,790 20 Related party transactlons The charty has taken advantage of the exemption in Financial Reporting Standards 102 chapter 33 "Related Paty Disclosure" and has not dilOSed Irans8Ctions with wholty owned group untertakings. There were no related paty transactions in the year. Page 19
Chalke Valley History Trust Detailed Statement of Financial Activities for the Year Ended 30 November 2021 Total 2021 Total 2020 Donations andlegacies Donations and grants Donations and grants - instilylions Gift aid reclaim 200,773 18,000 2,860 221,633 221,664 20,000 15,013 256.677 Investment incomo Interest on cash deposrfcs 55 55 Otherlncome Other income 12,000 12,000 Charltable activltles Chalke Valley History Festivals Limited General Fund CV Schools History Festival Limited Office expenses Trade subscriptions Travel and subsistence Independent examination fee8 Aecounlancy fees lexaminerl Legal and professional feos Bank chargos {77,0001 {10,5251 {62.0001 1351 {3861 1771 {5251 178,9041 19121 11841 11.8001 13.1131 {36n 72 13671 1741 151,089 85,352 Other oxpendlture Thread of History- author payments 2,000 2,000 12,000 This page ¢Jo&s not form part of the statutory finanoi81 statements. Page 20