Charity numbar: 1157663
THE COMBINED HARPOLE CHARITABLE TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

THE COMBINED HARPOLE CHARITABLE TRUST
CONTENTS
Page
Reference and adminrstrative detall$ of the Charily. its Trustees and advlsers
Trustws. report
Independent examinerfs report
Statement of flnanclal activities
Balance sheet
Notes to the finan¢lal $tat&m&nts
10-15

THE COMBINED HARPOLE CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
S French IResKJned 30 June 2022)
A E Leroy. Chair
MRBurt
M Jones
J H Calde￿o￿d
S L Eason
S Roberts
R FoLtntain
F L Smethers, Vpce Chair
Rev N Edwards lappoinled 1 May 2023}
R Lawrence lappoinled 20 April 20231
H Cordingley {appoinled 20 April 2023}
Charity registered number
1157663
Prlnclpal offlce
32 Garners Way, Harpole, Northamplonshire, NN7 4DN
Accountants
MHA, Century House, The Lakes, Northampton, NN4 7HD
Solicitors
Hewitsons, Elgin House. Billing Road, Northampton, NN15AU
Page 1

THE COMBINED HARPOLE CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report together wrth the financial statemen15 of the Charity for the year ended
31 December 2022. The Trustees confimi that the Annual report and financial slalemenls of the charity compty
with the curfenl slalutory requirements, the requirements of the charitys governing do¢umenl and the pioM5ions
of the Slalemenl of Recommended Practi￿ ISORP} 'Accounting and Reporting by Charities" applicable lo
charities preparing their accounts in accordance with the Financial Reporting Stsndard appli¢8ble in the UK and
Republic of Ireland IFRS1021 (effective 1 January 20191.
Objgctivgs and activitle$
• Con$titution
The Combined Haipole Charitable Trust ICHCTI, a Charitable Organisation. was formed in 2014 to encompass
the purposes. assets and activities of The Harpole Charities and The Haipole Free S¢hool Foundation Ilhe
Original Charities). The purposes, assets and a¢livilies of each of the Original Charities ale under Ihg
management of separate boards of Tnjslees, all of whom are Trustees of the CHCT.
Activltles for achl&vlng objectlves
The actiwty of the CHCT has been in connection wi(h the agricultural lands held in trust by the two Original
Charities which are now held under the PToleetion of the CHCT. These lands form approximalety 21.9Vk of the
site of a proposed housing development. 11 is envisaged that the whole development wll include approximately
2.200 dwellings although the exact number is not yet fixed.
There has been lengthy negotiation with the developgr, Bk)or Homes, and the other landowners which include
Allhorp Estates and members of the Rogers faTnily. Professional advice has been sought from the CHCT'S
solicitors and land agent throughout the negotiations. A Collaboration Agreement between the variou5
landowners has been signed.
The Trustee5 signed an Option and Promotion Agregment in respect of the lands in exchange for the sum of
£68,553 in 2016 and £56,565 in 2018.
Maln activities undertaken to further the Charlty's purposes for the publlc beneflt
The Trustees have considered the Charity Commission's requirement in respect of Public Benefit. In their wew
the Charity meet5, in full, the criteria to satisfy the test. In particular, in planning future activities of the
organisalion, the Trustees consider how planned activities will contribute lo the aims and objectives they have
set.
Page 2

THE COMBINED HARPOLE CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Achlevements and perfomiance
• Review of activities
Discussions wrth the developer and the landowners continued throughout 2022. The planning appliCat￿n for the
development continued to be reviewed and updated, including S106 contributions, and approval for the outline
planning applrcalion was granted on 17 December 2020 and detailed planning for phase one was approved
during 2021.
The Trustees have a150 been considering how lo develop a medium-term plan for the charity which reflects the
phasing of fundslincome once planning has been granted.
The Twslees continued to feview giant application5 throughout the year. making grants in line with the charities
objectives. The Trustees also spent lime assessing potential future projects and activities that could be
supported once initial funds from the sale of the land were received, and this is ongoing. The Trustees also went
through a selection process lo choose tsvo investment companies to manage the funds from the sale in line wtth
the approved investment policy.
Flnan¢ial review
Golng con¢gm
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resource5 to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going coneern basi5 in preparing the financial statements. Further details regarding the adoption (trf the going
concern basi5 can be found in the a￿ountIng pOl￿$e$.
Reserves policy
The finances of the ¢harity remain sound. Trustees set a reserves policy annualty. and the ¢urrenl policy remains
th81 we will hold a minimum of three months, running eosls plus li8bililies. This is to allow any polentHI winding
up of the organisalion lo go ahead. and is in line with recommendations from the Charities Cornmission. The
charity has lolal funds al the year end of £10.245.570, of which £6.532.373 are unrestricted funds and
£3,713,197 are revaluation reserve. Within the overall funds, is £5,854,165 of nel current assets.
Princlpal funding
During the year the Pfincipal funding Telaled to rental income receNed and interest from savings accgunts.
Structurei governance and managemont
• Methods of appointment or electlon of Trustee$
The management of the Charty is the responsibilty of the Trustees who arè elected and co-opted under the
terms of the Trust deed.
Page 3

THE COMBINED HARPOLE CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Structure. governance and management l¢ontSnuedl
Policies adopted for tho induction and training of Trustees
Trustees are recruited with a view lo their experience and skills. Potential Trustees are encouraged to attend a
meeting of the Board of Trustees and lo be initially co-opted lo the Board rf they are interested. A new Trustees.
indijdion session is offered lo all new￿ elected Trustees. Training is provided as necessary lo all Tru51ees.
Trustees have a range of qualrficalions and skills, as well as a range of experience in the voluntary, slalulory and
privale sectots.
Organisational Structure and declslon making
The charity is govemed by a Board of Trustees, which is responsible to the membership for its effedive
management and future development.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the
operation5 and finances of the charrty, and are satisfied that systems and procedures are in place to mitigate our
exposure lo the major risks.
Future developmgnts
Whilst the charity is continuing with its normal aetivily as usual. the Trustees are putting in place plans lo help
ensure effective management of the charity and the ability to achieve the purpose of the charity on an ongoing
basis. One of the key developments has been putting in place a Communi¢alions Plan lo ensure all stakeholders
are updated on the activities of the Charity and the funding opportunities that may be available. The Trustees will
consider a medium temi plan on¢9 the phasing of the receipt of funds from the sale of land has been Confirmed.
Pagg 4

THE COMBINED HARPOLE CHAR￿ABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Statement of Trustees. responsibilitie5
The Trustees are responsible for preparing the Trusteès, report and the financial ststemen15 in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepa￿ financial statements for
each financial which give a true and fair view of the slate of affairs of the Charity and of its incoming resources
and application of resources, including Its income and expenditu￿, for Ihat period. In preparing these financial
statements. the Trustees are required to=
select suitable accounting policies and then apply them consistently,
observe the melh(Kls and principles of the Charities SORP IFRS 102)..
make judgments and accounting estimates that are reasonable and prudent-
stale whether applicable UK Accounb'ng Standards IFRS 1021 have been followed. Subject lo any material
departures disclosed and explained in the fir￿n¢la1 slalements..
prepare the financial statements on the going concem basis unless il is inappropriate to Presume that the
Charty will continue in business.
The Tnistees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charivs transactions and disclose with reasonable accuracy al any time the financial posilion of Ihe Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable sleps for the prevention and detection of
fraud and other irregularities.
App
ved by order of the members of the twjard of Tyustees and signed on their behalf by..
Chair
Date: Iq- i 0-£013
Page S

THE COMBINED HARPOLE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Independent oxamlnefs report to the Trustees of The Comblned Harpole Charitable Trust {'the
Charity'l
report lo the charity Truslegs on my examination of the accounts of the Charity for the year ended 31
December 2022.
Responsibilities and basls of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charitie5 Act 2011 I'lhe 2011 A¢VI.
I report in respect of my examination of the Charit￿$ accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have folbwed the applieable Directions given by the Charity CommissDn under
section 145{51{bl of the 2011 Act.
Independent examinor's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting an
Reporting by Charities.. Slalemenl of Recommended Practice applrable to charities preparing their accounts in
3ccordaTrce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference to the Accounting and Reporting by Charities." Slalemenl of Recommended Practice issued on 1 April
2005 which is refeffed lo in the extant regulations bul has been withdrawn.
l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my ex8minatson. l eonfi'm that no matters have come to my attenltron in connection with the
examination giving me cause to belEve that in any material respect..
accounting records were not kept in respect of the Charty a8 required by section 130 of the 2011 Act.. or
the aecounls do not accord wth those records,. or
the accounts do not comply wth the appI￿able requirements conceming the form and ￿nIent of
accounts sel oth in the Charities (Accounts and Reports} Regulations 2008 other than any requirement
that the accounts give a 'lrue and fair. view which is not a matter considered as part of an independent
examination.
I have no COn￿rnS and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
Page 6

THE COMBINED HARPOLE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
This report is made solely lo the Char¢tls Trustee, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state lo the Charity's
Trustee those matters l am required lo stole to them in an Independent examinevs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume re5pon5ibilify lo anyone other than the
Charity and the Charity's Trustee as a body, for my work or for this report.
Signed..
Dated.. 20 October 2023
Rebecca Hughes Bsc (Honsl FCCA
MHA
Chartered Accountants
Northampton, United Kingdom
Page 7

THE COMBINED HARPOLE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from..
Other trading activities
Investments
9,663
20,884
9,663
20,884
8,909
127
Total Income
30.547
30.547
9,036
Expendlture on:
Charitsble acliwlieg
Other expenditure
30,289
2,103
30.289
2,103
2.409
1,540
Total expenditure
32,392
32,392
3.949
Net lexpenditure)fincome bgfore net galns on
investments
Net gains on sale of land
{1.8451
3.571.717
11,845)
3.S71,717
5,087
Net movement In funds
3,569,872
3,569,872
5,087
Reconclllatlon of lunds:
Total funds brought fO￿ard
Nel movement in funds
6,67S,698
3,569.872
6,675,698
3.569,872
8.670,611
5.087
Total lunds carrted forward
10,245,570
10.245.570
6.675,698
The Statement of financial a¢livilies includes all gains and10s5es ￿togniSed in the year.
The noles on pages 10 to 15 forni part of these financial statements.
Page 8

THE COMBINED HARPOLE CHARITABLE TRUST
BALANCE SHEEr
AS AT 31 DECEMBER 2022
2022
2021
Note
Fixed assets
Tar*gible assets
Current assets
4,391,405
6.475,000
Debtors
Cash at bank and in hand
2,962.814
2.893,451
202,798
5,856.265
202,798
Creditr)rs'. amounts falling due within one
yoar
{2.1001
I2.1￿)
Net current as$gts
5.854,165
200,698
Tt>tal net assets
10.245,570
6,675,698
Charity funds
Restricted funds
Unrestricted funds
10,245.570
6.675.698
Total funds
10.245.570
6.675,698
The financSal statements were approved and aulhorised for issue by thg Twstees and signed on their behalf by.
E Lero
FLS
eth
{Vice-chairl
Dale..
The notes on pages 10 10 15 forni part of these fThncial statements.
Page g

THE COMBINED HARPOLE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
1.1 Basis of preparatlon of financial statements
The financial statemen15 have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable to charities
preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}, the Finan¢ial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and thè ChaThties Act 2011.
The Combined Harpole Charitable Trust meets the definition of a public beneff( entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless olhemise
slated in the relevant accounting policy.
1.2 Going concern
The trustees have concluded that there are no material uncertainties about the Tnjsls abilty lo
continue as a going concern and that they can continue lo adopt the going concern basis in preparing
the annual report and accounts.
1.3 Income
All income is recognised once the Charity has enlillemenl to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
1A Expendlture
Expenditure is recognised once there is a legal or construclwe obligation to transfer economic benefit
to a third paty. il Is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by actwty. The costs
of each a¢livily a￿ made up of the totsl of direct costs and shared Costs, including support costs
involved in uridertaking each aclivty. Direct costs allribulable lo a single acliwly are allocated directly
to that acliwty. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single adivity ale apportioned between those activities on a basis con51slenl with
the use of resources. Central staff costs are altocaled on the basis of ts'n7e spent, and depreciation
charges all(taled on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.5 Intore$t r0¢91vable
Interest on funds held on depos11 is included when re￿1vable and the amount can be measured
reliably by the ChaTily,' this is nomially upon nolifulion of the interest paid or payable by the
institution with whom the funds are depostted.
Page 10

THE COMBINED HARPOLE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollcios Icontinuedl
1.6 Tangible flxed assets and depreclatlon
Tangibk fixed assets a￿ initially recognised al cost. After recognition, under the cost model, tangible
fixed assets are measU￿d at cost less accumulated depreciation and any accumulated impaimienl
1055es. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be
included in the measurernent of cost.
Land is not depiecialed. Depreciation on other assets is charged so as lo allxale the cost of tangible
rixed assets less their residual value over their estimated useful lives
Freehold land
Frgehold tand is not depreciated
1.7 Dèbtors
Trade and other debtors are recognised al the settlement amount after any trade disc¢xJnl offered.
Prepayments are valued at the amount prepaid nel of any trade di$￿unt$ due.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term hKJhly liquid investments with a short maturity
of three months or less from the date of aequisilion or opening of the deposit or similar a¢counl.
1.9 Liabllitles and provtslons
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement. and the amount
of the settlement can be estimated reliably.
1.10 Fund accounting
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designalgd for other
purposes.
Inveslment income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Investment Income
20.884
20,884
127
Total 2021
127
127
Page 11

THE COMBINED HARPOLE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysis of expendlture on charltable activities
Summary by fund type
Unrestricted
funds
2022
Total
2022
Total
2021
Governance Costs - Audit and accounts fees
Direct costs- Donations and gifts
1,224
29,065
1,224
29,065
13,1911
5,600
Total 2022
30,289
30,289
2,409
Totsl 2021
2.409
2,409
Twstees. remuneration and expenses
DLFring the year, S Eason, a Trustee was paid £300 for Admin¢gtralion cosls12021- £300).
No othgr Trustees received any femuneralion or other benefts {2021 - £NIL}.
During the year £55 of expenses were re-imburs￿ lo M Burt, a Truslee12021- £121
Costs are incurred by the Trustees personally in ￿r$UanCe of the charitable objectives. There
were no further expenses reimbursed to the Trustees during the period12021- £nil}.
Page 12

THE COMBINED HARPOLE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Tanglblg flxgd assets
Freehold
property
Co$t or valuatlon
Al 1 January 2022
Disposals
6.475,000
12.083.595)
At 31 December 2022
4,391,405
Not book valug
Al 31 Deeember 2022
4,391.405
At 31 December 2021
6,475,000
Freehold land is not depreciated.
The Trustee5 note that the freehold land valuation does not lake into account any costs that will be
incurred a5 part of the sale agreement. These include fees for professional seM¢es, Section 1Q6 and
Community Infraslruclure Levy costs.
The Charsty has adopted a policy of revaluation for tangible fued assets. Had these assets been
measured at historic cost. the carrwng values would have been as follows..
2022
2021
Freehold property
678,208
999,998
Debtors
2022
2021
Due withln one year
Other debtors
2.962.814
Page 13

THE COMBINED HARPOLE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Creditors: Amounts falling due within one year
2022
2021
A¢¢ruals and deferred income
2.100
2,100
Statement of funds
statement of funds - current year
Balance at
31
Galnsl December
(Losses}
2022
Balance at 1
January
2022
Transfers
Inlout
Income Expendlture
Unrestricted
funds
General Funds -
all funds
Revaluatton
reserve
1,200,696
30.547
132.392)
1,761.805
3.571,717
6.632.373
5.476.002
11,761,805)
3,713.197
6.675.698
30.647
(32,3921
3,571,717 10.245,570
Statement of funds - prior year
Balance at
31
GaiTrsl December
ILosses}
2021
Balance at
1 January
2021
Transfers
inloul
Incomg Expenditure
UnTèStrlcted
funds
General Funds-
all funds
Revaluation
feserve
1,195.609
9,036
13,9491
1.200,696
5,475,002
5,475,002
6,670,611
9.036
13.949)
6,675,698
Poge 14

THE COMBINED HARPOLE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysis of net assets between fLFnds
Analysis of net assots between funds- cuirent year
Unrestricted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
4,391.405
5.856,265
12,100}
4,391.405
5,856.265
12.11101
Total
10,245,570 10,245,570
Analysis of n&t a$$ets between funds- prior year
Unreslricled
funds
2021
Total
funds
2021
Tangible fixed assets
Current assets
Creditors due wlhin one year
6,475.000
202,798
{2,1001
6,475,000
202,798
12.1001
Total
6.675.698
6,675,698
Page 15