2020 Annual Report for Ward's Charity or Churchlands Reference Numbor 1176520 Reference and administratlve detalls Tho prinupal office address ofthe charty is The New Vicaragè. Church Lans. Sawston, C8mbridg8, CB22 3JR. Those who werè trustèas whèn th8 rgport wa8 approved are, John Crompton, John D8rfing, Mary Dicken. Roger Mansfreld, Andrew Ov6ritt. Rotrt Rithrnond and Marian W8ts0n. Structuro, governanco and management The charity is govemed by its ConstKution as a CIO dr8wn up in 2018. New Irustses are appointed by the existing trustees as nèce558ry. The vicar and churehwardans of St Mary th8 Virgin, Sawston are ex offiao trustees. The ar8 no policies in place currently for the training and induction of trust8s. AII decisions are made in meetings attended by 811 tha trust8ès availablg. The major risks to which the charity is exposed have been identified by the trusta$s and reviewe¢J. Financial Revlew The CIO income derived from rent from a local famar and in¢omg frorn COIF. Expenditure was all for the processes necessary to sell the land own*d in Babraham. Hen expenditure considerably 8x¢egded income. The trustees have complied with their duty to hav8 du$ r898rd to Ihg guidan on public b9ngfil publishgd by the commission. Objectlves and Actlvltlos The aim of the CIO is to provide funding to be applied to general purposes of the Church of St Mary the Virgin, Sawston, C8mbridge5hir8. The CIO is committed to maximising the rovènuè av8i18bl8 for its st8t9d obj6ctiv¢s. This is a long-t8rm strategy and the aim may not be fully realised for some years. Achlevemenls and perfomianco The rnain achievement of the Charlty in 2020 has been to m8ka further progr8ss in moving towards being In a position tr) s811 th818nd owned in Babrdham. Ward s Charity was founded in thè 16th century with a bequest of agricuRural land from the estats of Mr John Ward. The Charty's original purpos6 was to
SUPPOrt thg upkgép of St Mary's Church Saw8ton and the roa¢J to Pampislord. Today, the charity's pu089 is to providg lundlng for the general purpo$o$ of the church. er the sevèral hundred years of the Charity's existènce years, most of the Charty's land holdings have been sold off and the proceeds and rèlated incorne applied to maintain the fabric of the Church, 188n9 US today with 8.5 acres in two blocks south of Babraham Road. The rental incorne from th5 was around £600 per y&8r- a very modest amount relaty'vg to the costs ol maintainiro the Church. In 2018, a plot of land south ol Babraham Road, including about 6 acres owned by Ward's Charity, was allo¢818d for d8velopment in the South Cambridgèshire District Council plan. This eated an opportunity for the charty to realise proceeds Irorn the sale which if rèinvested would be expected to ggnaratè an Incorne well in ex59 ol that being received on the larKI. After a comp9titNg sale process undertaken on bghdf of Ward's and Ihe other two18ndowners, a Sa has now been agrèed, subject to planning pemission. If the sale is SU68fulty concluded, this will greatty increase Ward's Charty's ability to pursue its purpose of supporting St Mary's Church, which plays a unique and imwrtant role in the centre of our comrnunity. Signod.. Roger Mansfield IChaimi8nl Robert Richmond IS8crstAry}
Churchlands, otherwise known as Ward’s Charity Charity Number 1176520
Statement of accounts as at 31 December 2020
Investments as at 31 December 2020
COIF value as at 31 December 2020 £ 7654.85 Land in Babraham and Pampisford – value unknown*
Current Assets as at 31 December 2020
| Easy Access Business Saver 1804981332 | £2283.75 |
|---|---|
| _Liabilities as at 31 December 2020_** | £16160.51 |
| [amount owed to JHC at 31/12] | |
| Income | |
| Michael Mallows – rent | 110.72 |
| Drivers Farms Ltd - rent | 455.00 |
| Interest | 8.15 |
| TOTAL | £573.87 |
| Expenditure | |
Bidwells |
600.00 |
| Mallows Compensation | 3635.07 |
| TOTAL | £4235.07 |
- Ward’s Charity is currently working with two neighbouring landowners to complete the sale of part of this land sale for residential development.
** In preparing for the land sale, Ward’s Charity has incurred various costs both directly for its own account and indirectly for services provided to the selling group of landowners. In order to conserve its financial resources, during the course of 2019 Ward’s Charity entered into an agreement with John Huntingdon’s Charity (“JHC”), one of the other landowners, under which JHC will fund Ward’s Charity’s additional direct and indirectly incurred expenses in connection with the sale. The obligation will become due on the earlier of the completion of the sale or 2022. If the sale does not proceed as intended, the Trustees believe that Ward’s Charity will be able to meet its obligations to JHC through a combination of its existing financial resources, a separate sale of land, through charitable contributions, or through other forms of financing against an eventual sale of the land.
Some payments have still not yet been received as transferring the payments to the Easy Access account has not been an easy process.
Mary Dicken Honorary Treasurer June 2021