2023-12-31-accounts - Weybridge Poor's Land

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Trustees’ Annual Report for the period

From 1[ st ] January 2023 Period start date To 31[ st ] December 2023 Period end date

Charity name: Weybridge Land Charity

Charity registration number: 200270

Objectives and Activities

jectives and Activities
	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The Charity has one object and two activities as described in the Scheme as amended in June 2000: The Object of the Charity is: “The relief of persons resident in KT13, who are in need, hardship or distress”.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Activities of the Charity are: “Provision of allotments for use by residents of Weybridge” and “After settling its costs of operations, to use surplus funds to provide the relief of persons resident in Weybridge who are in need, hardship or distress.” To increase the utilization and viability of the allotments, an amendment to the Scheme of WLC in 2000 removed the requirement that existing and new allotment holders are themselves in need, hardship, or distress.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Trustees keep up with the Charity Commission advice on public beneft. And received access to refresh training during 2023. In 2022 / 2023, WLC introduced a Code of Conduct and Complaints Procedure, outlining the minimum standard for acceptable behavior for plot holders and any visitor to Churchfelds, which has resulted in a reduced number of complaints and issues. WLC trustees are currently reviewing all policies. Given a number of these were only produced in the last 2 years, this delay doesn’t pose a major risk to the Charity. New policies that are being drafted during early 2024 are Social Media Policy, Data Management Policy and as part of the annual meeting schedule established, will review on annual basis, WLC’s compliance with the Nolan Principles

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference

Policy on grant making	Para 1.38	In 2023, WLC simplifed its strategy and defned core areas of focus in support of the Charity’s Object which now forms the basis for any grant making. We work with existing organisations who serve Weybridge residents to make a material diference to those in need, hardship and distress. Our values are based on community, integrity, and making a diference. Our behaviours as trustees are open, honest, transparent, supportive, collaborative, and trustworthy. Our vision is helping to make a diference in Weybridge whilst also ensuring Churchfelds Allotments fourishes and operates ethically, informed by Natioanl Allotment Society guidelines, providing allotments for Weybridge residents. We will focus on making a diference in relation to hunger, heating, shelter, and education.
Policy on social investment including program related investment	Para 1.38	The Churchfelds Allotment site is at the centre of the Weybridge community. As well as renting out allotments of various sizes to local residents, we are also landlords to the Clubhouse Project (a local charity helping adults with learning difculties) and Weybridge Men Shed and Weybridge in Bloom. In addition, we are also engaged with the Community Payback Programme. Due to other priorities, WLC was unable to promote the good work as much as planned during 2023. However we are already doing more to promote WLCs Object and good work to local organizations and to improve how we can jointly collaborate and support WLC’s Object as well as Weybridge’s residents.
Contribution made by volunteers	Para 1.38	All trustees are volunteers, and we value the contribution made by our trustees and our volunteers. In addition, we have a Tenants Advisory Group who monitor activity and need on the allotments. Expert advice has been sought from a number of local supporters including - Financial process management advice - Ground management: St George’s School and relationships and collaborations have improved and progressed between WLC, and tenant organizations Weybridge Men’s Shed and Weybridge in Bloom, and WAHGA along with other organizations such as the Community Payback Programme.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Grants from WLC were not as high as expected partly due to difculties in identifying local needs. In some areas, anticipated increases in the need for grants from WLC to organizations such as Fuel Bank and Foodbank didn’t materialise and some funds previously given to Citizen’s Advice were not fully used and were refunded. However, through local schools’ collaborations, other needs were identifed (children were issued with tablet computers and family support for food / clothes) . A newly established relationship with Rent Start organization (preventing and managing homelessness) is being set up. WLC is starting to expand points of collaboration to understand and support areas of need in line with the Charity’s Object e.g., written communication to local councilors describing the areas where WLC is making a diference and asking for input on any other areas of local need.

Additional information (optional)

You may choose to include further statements where relevant about: Para 1.41 Achievements against objectives set


		The Charity is not currently in fundraising mode
Performance of fundraising
activities against objectives	Para 1.41
set
		The Charity’s portfolio investment performance out -performed
		The ARC Steady Growth Index while the income generated
Investment performance	Para 1.41	exceeded the target of £40,000 pa.
against objectives
		The rental collection from Churchfelds allotments continued
Other		to be a smooth process resulting in faster rent collection than in previous times.

Financial Review

ancial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Income was below previous year due to lower performing fnancial investment portfolio and returns. Day to day operating costs remained low, however there were signifcant “one of “items, most notably expenditure on legal fees. Net cash and current assets remained strongly and broadly in line with previous years.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The reserves policy considers the working capital required, income reliability, normal outgoings, and potential risk of unusual expenditure. Due to some one-of expenses during 2023, it is felt that 2024 will give a more normalized indicator of the future run costs of WLC. Therefore the 2024 budget will be based on a range rather than absolute number.
Amount of reserves held	Para 1.22	£25,000
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	A review took place with the Charity’s external Fund Manager to validate and confrm that, despite the fuctuating markets, WLC’s fnancial position would be protected for several years through a prudent investment approach.

Additional information (optional)

You may choose to include further statements where relevant about:


The charity’s principal sources of funds (including any fundraising)	Para 1.47	Returns and income from the invested fund is the Charity’s primary income source, along with income from Churchfelds allotment plot holders. There have also been a small number of voluntary donations from plot holders and local organizations.
Investment policy and objectives including any social investment policy adopted	Para 1.46	An investment strategy has been established during the latter half of 2023 in collaboration with WLC’s fund manager. The investment objective is to balance return between income and capital, with a medium level of risk applied, a balanced portfolio position, and to target circa £40,000 income per annum with an action initiated to defne / ensure the investment portfolio is ethical. The portfolio performance will start being tracked against ARC Charities Indices Performance Report as a benchmark.


		A risk policy and register were put in place during 2023 and
		reviewed	accordingly (and will now be reviewed going forward
A description of the principal	Para 1.46	periodically). The prime risks are:
risks facing the charity		-	dependency on individual trustees for support of Churchfelds allotments and day to day running of
			the Charity. This is being de-risked by appointing a
			Clerk to document and manage key processes and
			by identifying work that could be undertaken by
			other local organizations on behalf of WLC. There is
			expected to be an increase in WLC run costs to
			implement these risk mitigation activities.
		-	additional running costs of the Churchfelds site
			(maintenance and improvements). The site was
			underinvested for many years, so expenditure has
			been increased to improve it. Emergency and
			planned spending has included continued repairs to
			the water system, fnalized installation of new gates
			to make the site more accessible, and the initiation
			of a tree survey. Further site expenditure will be
			required on an ongoing basis.
		-	WLC’s constitution is highly complex due to several
			amendments and additions being made since the
			Charity was frst established. As well as being
			complex to understand, in areas, the constitution
			also no longer refects Charity Commission best
			practice e.g., approach to remove trustees. Work
			has been commissioned through a specialist law
			frm to put together a revised simplifed constitution
			and this will be ready for review and implemented
			during early 2024.
		-	The fux in the global trading markets e.g., the
			impact of Russia Ukraine war, Brexit, Covid etc
			have continued during 2024. This has impacted
			WLC’s fnancial portfolio although the overall cash
			and portfolio position remains strong.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Scheme
How is the charity constituted? (e.g. unincorporated association, CIO)	Para 1.25	Unincorporated Association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Some time ago the Charity Scheme was amended to permit the reduction of EBC (Elmbridge Borough Council) Nominated Trustees from 6 to 2 Trustees, and to enable the appointment of up to 9 Community Trustees. WLC currently have 1 EBC Nominated Trustee. EBC did not put forward any other nominations during the year and advised they would review this position further in May ’24. A new board trustee has recently been appointed based on local collaboration relationships developed between WLC and the local schools to determine and support areas of need. This approachto trustee recruitment is very positive and could pave the way for future trustees to be identifed. Along with promoting the positive work undertaken by WLC in the last year and the potential of what else WLC could achieve.

Additional information (optional) Youmay choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 As a small volunteer-based charity, WLC previously didn’t have a documented induction training policy for new trustees – we are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, combined with sharing the knowledge we have between us as a small group of trustees, and a simplifed constitution, means we can quickly bring new trustees up to speed. The charity’s organisational structure and any wider network with which the charity works Para 1.51 In the year ending 2023 we had 7 trustees: Helen Lamb (Chair) Vicki Macleod (Vicki Gordon Macleod) Jackie Martin Hilary Butler (EBC Nominated Trustee) Carlye Case Tim Oliver Miriam Morris Note: Resignations in year: - Murray Law (March ’23) - Helen Lamb (gave notice in December ’23, leaving end of January ’24) Appointments in year: - Tim Oliver (March ’23) - Miriam Morris (December ’23)	Additional information (optional) Youmay choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 As a small volunteer-based charity, WLC previously didn’t have a documented induction training policy for new trustees – we are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, combined with sharing the knowledge we have between us as a small group of trustees, and a simplifed constitution, means we can quickly bring new trustees up to speed. The charity’s organisational structure and any wider network with which the charity works Para 1.51 In the year ending 2023 we had 7 trustees: Helen Lamb (Chair) Vicki Macleod (Vicki Gordon Macleod) Jackie Martin Hilary Butler (EBC Nominated Trustee) Carlye Case Tim Oliver Miriam Morris Note: Resignations in year: - Murray Law (March ’23) - Helen Lamb (gave notice in December ’23, leaving end of January ’24) Appointments in year: - Tim Oliver (March ’23) - Miriam Morris (December ’23)	Additional information (optional) Youmay choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 As a small volunteer-based charity, WLC previously didn’t have a documented induction training policy for new trustees – we are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, combined with sharing the knowledge we have between us as a small group of trustees, and a simplifed constitution, means we can quickly bring new trustees up to speed. The charity’s organisational structure and any wider network with which the charity works Para 1.51 In the year ending 2023 we had 7 trustees: Helen Lamb (Chair) Vicki Macleod (Vicki Gordon Macleod) Jackie Martin Hilary Butler (EBC Nominated Trustee) Carlye Case Tim Oliver Miriam Morris Note: Resignations in year: - Murray Law (March ’23) - Helen Lamb (gave notice in December ’23, leaving end of January ’24) Appointments in year: - Tim Oliver (March ’23) - Miriam Morris (December ’23)	Additional information (optional) Youmay choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 As a small volunteer-based charity, WLC previously didn’t have a documented induction training policy for new trustees – we are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, combined with sharing the knowledge we have between us as a small group of trustees, and a simplifed constitution, means we can quickly bring new trustees up to speed. The charity’s organisational structure and any wider network with which the charity works Para 1.51 In the year ending 2023 we had 7 trustees: Helen Lamb (Chair) Vicki Macleod (Vicki Gordon Macleod) Jackie Martin Hilary Butler (EBC Nominated Trustee) Carlye Case Tim Oliver Miriam Morris Note: Resignations in year: - Murray Law (March ’23) - Helen Lamb (gave notice in December ’23, leaving end of January ’24) Appointments in year: - Tim Oliver (March ’23) - Miriam Morris (December ’23)
	Policies and procedures adopted for the induction and training of trustees	Para 1.51	As a small volunteer-based charity, WLC previously didn’t have a documented induction training policy for new trustees – we are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, combined with sharing the knowledge we have between us as a small group of trustees, and a simplifed constitution, means we can quickly bring new trustees up to speed.
	The charity’s organisational structure and any wider network with which the charity works	Para 1.51	In the year ending 2023 we had 7 trustees: Helen Lamb (Chair) Vicki Macleod (Vicki Gordon Macleod) Jackie Martin Hilary Butler (EBC Nominated Trustee) Carlye Case Tim Oliver Miriam Morris Note: Resignations in year: - Murray Law (March ’23) - Helen Lamb (gave notice in December ’23, leaving end of January ’24) Appointments in year: - Tim Oliver (March ’23) - Miriam Morris (December ’23)

		Other:
		- Carlye Case stopped being actively involved with
		WLC September ’22. This position was reversed in
		September ’23 following a formal request from
		Carlye and it was agreed by WLC trustees (along
		with legal advice) that Carlye should continue her
		trustee role until the end of her current tenure
		period in 2024.
		Murray Law - boundary fence, allotment holder, Chair,
		Weybridge Men Shed (a tenant of WLC), member of WAGHA
Relationship with any related	Para 1.51	(Weybridge Allotment Holders and Gardner’s Association) Vicki Macleod - member of WAGHA (Weybridge Allotment
parties		Holders and Gardeners Association)
		Hilary Butler – Elmbridge Borough Councillor
		Tim Oliver - Surrey County Councillor
		Miriam Morris – Head of Manby Lodge School (one of the
		benefciary schools from WLC grant giving)
		A schedule of 6 meetings per annum has been established
Other		that identifes the responsibilities and activities to be covered in each meeting. Where there are specifc topics that require
		more time / focus, additional meetings are scheduled as
		appropriate (and may involve a subset of trustees).
erence and Administrative details
Charity name	Weybridge Land Charity
Other name the charity uses	Weybridge Poors Land Charity
Registered charity number	200270
Charity’s principal address	Allotments Gate
	Curzon Road
	Weybridge KT13 8UN
	Surrey

Reference and Administrative details

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Helen Lamb	Chair
Vicki MacLeod		Switch from council nominated to general appointment Mar 23
Hilary Butler			Council nominated
Jackie Martin
Murray Law		Resigned Mar ‘23
Carlye Case		Left day to day running Sept ’22, re-instated Sept ’23.
Tim Oliver		Appointed Mar ‘23
Miriam Morris		Appointed Dec ‘23

Corporate trustees – names of the directors at the date the report was approved Director name

N/A N/A N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A	N/A	N/A

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

N/A

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other o NIA tional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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Signature(s)
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WL ELWNG TO WAEA tsIFFE4EtrICEII4 WEYBRIDGE LAND CHARITY REGISTERED CHARITY NUMBER 200270 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

WEYBRIDGE LAND CHARITY R egistration #200270. TRUSTEES, REPORT The trustees are pleased to present their annual report and the independently examined financial statements of the charity for the year ended 31 December 2023. They have been prepared in accordance with the accounting policies set out on poge 13 of the accounts and comply with the charity's schemes, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice (published on 16 July 20141, which is applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland. The registered name of the charity is the 'Weybridge Poor's Land, charity, but its working name is now the 'Weybridge Land Charity,, in preference to the short form "Weybridge Charity" Hlstory of the Charlty The Weybridge and Byf leet Enclosure Act, 1800 directed that Commissioners should set out and allot parts of the commons and waste lands in the Parish of Weybrid8e for the use of the occupiers of cottages within the Parish of Weybridge. The Allotments Extension Act of 1882, required that Trustees of land held for the benefit of the poor had to set aside a portion of that land for allotment5. Accordingly, in 1883 a Scheme of the Charity Commissioners set aside land at the Heath at Weybrid8e for the general benefit of the inhabitants of the Parish of Weybridge and the income was used to rent land near Weybridge Church as allotments, In 1910 Weybridge Council became Trustees for the administration and management of the Charity- and in 1911 a Deed of Exchange effected the transfer of the title of 9.385 acres adjoining the Church together with land at Pine Grove to the Charitv. The Charity is still regulated by the scheme dated 1910, together with various subsequent amendments, and retains ownership of the 9.385 acres of land in central Weybridge. In 1999, the land at Pine Grove was sold, and the proceeds invested to provide an income to support the Charity's 'objects" Object of the Charity The Charity has one object and two activities as described in the Scheme as amended in June 2000: The Object of the Charity is 'The relief of persons resident in the area of benefit who are in need, hardship or distress" The activities are: Provision of allotments for use by residents of Weybrid8e. After settling its costs of operations, to use surplus funds to provide the relief of persons resident in Weybridge who are in need, hardship or distress. Page 2

WEYBRIDGE LAND CHARITY R egistrotion #200270. To increase the utilisation and viability of the allotments, an amendment to the Scheme of the Charity in 2000 removed the requirement that existing and new allotment holders are themselves in need, hardship or distress. Trustees and Administration In the year endin8 31 December 2023 we had 7 trustees.. Helen Lamb (Chairl Vicki Macleod (Vicki Gordon Macleodl Jackie Martin Hilary Butler IEBC Nominated Trusteel Carlye Case Tim Oliver Miriam Morris Resignations in year.. Murray Law (March 20231 Appointments in year: . Tim Oliver (March 20231, Miriam Morris (December 20231 Helen Lamb also gave notice in December 2023, with a view to leaving at the end of January 2024, Trustee Induction As a small volunteer-based charity, WLC previously did not have a documented induction training policy for new trustees. We are now working to the trustee induction checklist as issued by the Charity Commission rather than creating our own. This, COTnbined with sharing the knowled8e we have between us as a small group of trustees, and a simplified constitution, means we can quickly bring new trustees up to speed. Independent examiner The Trustees resolved to reappoint Andrew Gadoros FCA, ABG Accountancy, The Quadrant Centre, Limes Road, Weybridge, Surrey, KT13 8DH Fund manager Michael Barlow, JM Finn & Co., 4 Coleman Street, London, EC2R STA Bankers CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Fundlng of the Charity The Charity (including its grant aid programmel, is historically funded from three principal sources.. Annual Rents received frorn allotment tenants Investment income, being dividends and interest Bequests and donations from donors Page 3

WEYBRIDGE LAND CHARITY Reg istration #200270. Assets of the Charlty a. Churchf ields Allotments Located in the centre of Weybridge town, the 9.385 acres of land commonly known as the Churchfield5 allotments, has been an important amenity and feature of community since 1910. b. Investment Portfolio The charity is a long-term investor and the trustees, on professional advice, hold a mixed portfolio of equities, bond5 and other investments designed to provide a level of income and capital growth. The composition of the investment portfolio is of medium risk. Permanent Endowment and Unrestrlcted Funds Historically, Trustees understood that none of the invested funds of the Charity were "restricted" This wa5 restated in the 2018 report. During 2019 the Trustees of the Charity obtained le8a1 advice to review and clarify the status of Charity Funds and Land. The main points of that advice which confirmed that the Charity's land and part of the portfolio of investments are 'Permanent Endowment" are summarised a5 follows,. The investment portfolio contains monies derived f rom four sources.. Proceeds and capital gains arisin8 from the sale of the Pine Grove Allotments in 1999 (Permanent Endowment - Restricted) Pre-existing Funds prior to the sale of Pine Grove and associated Capital Gains (Unrestricted) Funds raised and associated capital gains Iunrestrictedl Income from investments and capital gains from re-investment Iunrestrictedl. Land which is a permanent endowment cannot be sold without an order from the Charities Commission, as occurred on the occasion of the sale of the Pine Grove site. In accordance with the terms of the order for that sale, the proceeds from the Pine Grove site were to be invested. These investments are considered to be 'investment permanent endowment" As was the norm for accountancy practice at the time, only the income from that investment land not any element of Capital Gains) can be drawn on to meet the costs and objects of the Charity. Subsequent to the legal advice, the element of Unrestricted Funds has been identified in the investment portfolio, and the detail of the methodology shared with the Charity Commission. The request of the Charity Commission is that the split between Unrestricted Funds and Restricted Funds appears in the annual return; and this is shown in note 8 of the Statement of Financial Activities. Page 4

WEYBRIDGE LAND CHARITY R egislration #200270. The practice has been that additions to, and withdrawals from, the unrestricted funds in the investment portfolio provide a longer-term approach to holding monies attributable to income and other f unds raised Isee Reserve5 Policy below). At the end of 2023. these amounted to £50,90112022.' £46,663). Unrestricted funds attributable to investments held before 1999 Ithe Sale) totalled £93,44812022= £85,667), and these funds have been used to provide income to the Charity in the same way as the Permanent Endowment investments. The total of Unrestricted Funds in the portfolio at year end was £144,34912022'. 132,3301. Reserves Policy The Reserve5 Policy is part of the Charity's risk assessment process, and takes into account the working capital required, the reliability of income, the normal outgoings, and any potential risks of unusual expenditure le.g., tree surgery on allotment landl. The Charity has a reliable income stream from the investment endowment fund, a simple cost structure and does not envisage having to cease operations for any reason. On this basis, a nominal reserve of £25,000 is set, to be held within the Unrestricted Investment Fund" and is reviewed annually. Oue to some one-off expenses during 2023, it is felt that 2024 will give a more normalized indicator of the f uture run costs of WLC. Therefore the 2024 budget will be based on a range rather than absolute number. Achlevements and Performance Returns and income from the invested f und is the Charity's primary income source, along with income from Churchfields allotment plot holders. There have a150 been a small number of voluntary donations from plot holders and local organisations. The investment objective is to balance return between income and capital, with a medium level of risk applied, a balanced portfolio positian, and to target circa £40,000 income per annum with an action initiated to define / ensure the investment portfolio is ethical. The portfolio performance will start being tracked against ARC Charities Indices Performance Report as a benchmark. The Charity's portfolio investment performance out-performed the ARC Steady Growth Index during the year while the income generated exceeded the target of £40,000 per annum. Income was below previous year due to lower performing f inancial investment portfolio and returns. Day to day operating costs remained low, however there were significant "one off 'items, most notably expenditure on legal fees. Net cash and current assets remained strongly and broadly in line with previous years. A review took place with the Charity's external Fund Manager to validate and confirm that, despite the fluctuating markets, WLC'S f inancial position would be protected for several years through a prudent investment approach. Page 5

WEYBRIDGE LAND CHARITY R egistration #200270. Risk Management The trustee5 have considered and identif led the major risks to which the Charity may be exposed. Procedures are in place to review these anr)ually and to take positive measures to mitigate them. The Charity has an Insurance Policy with Zurich Insurance to cover the main risks. A risk policy and register were put in place during 2023 and reviewed accordingly land will now be reviewed going forward periodically). The prime risks identif led and the policies adopted to mitigate those risks are.. dependency on individual trustees for support of Churchfields allotments and day to day running of the Charity. This 15 being de-risked by appointing a Clerk to document and manage key processes and by identifying work that could be undertaken by other local organisations on behalf of WLC. There is expected to be an increase in WLC run costs to implement these risk mitigation activities. additional running costs of the Churchfields site Imaintenance and improvementsl. The site was u nderinvested for many years, so expenditure has been increased to improve it. Emergency and planned spending has included continued repairs to the water system, f inalized installation of new gates to make the site more accessible, and the initiation of a tree survey. Further site expenditure will be required on an ongoing basis. WLC'S constitution 15 highly complex due to several amendments and additions bein8 made since the Charity was first established. As well as being complex to understand, in areas, the constitution also no longer reflects Charity Commission best practice e.g., approach to remove trustees. Work has been commissioned throu8h a specialist law firm to put together a revised simplif led constitution and this will be ready for review and implemented during early 2024, The f lux in the global trading markets e.g., the impact of Russia Ukraine war, Brexit, Covid etc have continued during 2024. This has impacted WLC'S financial portfolio although the overall cash and portfolio position remains strong. Social Investment Programme The Churchfields Allotment site is at the centre of the Weybridge community. As well as renting out allotments of various sizes to local residents, we are also landlords to the Clubhouse Project la local charity helping adults with learning difficulties) and Weybridge Men Shed and Weybridge in Bloom. In addition, we are also engaged with the Community Payback Programme. Due to other priorities, WLC was unable to prornote the good work as much as planned during 2023. However, we are already doing more to promote WLCS Objectives and good work to local organisations and to improve how we can jointly collaborate and support WLC'S Objectives as well as Weybridge's residents. Page 6

WEYBRIDGE LAND CHARITY Reg istration #200270. Contribution made by Volunteers All trustees are volunteers, and we value the contribution made by our trustees and our volunteers. Ir) addition, we have a Tenants Advisory Group who monitor activity and need on the allotments. Expert advice has been sou8ht from a number of local supporters including Financial process management advice Ground management.. St George's School and relationships and collaborations have improved and progressed between WLC, and tenant organisations Weybridge Men's Shed and Weybridge in Bloom, and WAHGA along with other organisations such as the Community Payback Programme. Trustees, responsibillties in relation to the flnanclal statements The charity's trustees are responsible for preparing an annual report and financial statements in accordance with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. They Conform to the Financial Reporting Standards IFRSI applicable in the UK and the Republic of Ireland, and accounts are prepared in accordance with FRS 102 and the Statement of Recommended Practice ISORPI issued by the Charity Commission. The charity's trustees are required to prepare financial statements each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resourtes of the charity for that period. This involves.. selecting Sultable accounting policies and then applying them consistently,. observing the methods and principles in the applicable Charities, SORP,. making judgements and accounting estimates that are reasonable and prudent. preparing the financial statements on the basis of being a going concern unless it is inappropriate to presume that the charity will continue in operation. ensuring that the accounts present f inancial information that is relevant, reliable, comparable and complete,. disclosing whether there have been any changes to accountinE policies. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information. Page 7

WEYBRIDGE LAND CHARITr R. pgi51ri7tion #zooI.7e. Independent Examinerfs Rpport on the A¢¢ounts Report to the trustees of the chariiy on tnè accouiits for the year ended 31 December 2023 set out on pages 9 to 19. Respectlve re5pon5ibllltie5 of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charit5 trustees consider that an audit is not required for t.:iis year under section 144 of the vharities Art 2011 (the Charltles Aetl and that an indepepdent exainlnation Is needed. It Is my responsibility to.. examine the accounts under sectic r, 145 of the Charities Act, to fol ow the procedure: laid drJ4Mn in the 8ener(Jl Oirertions glven by the Charity Commi55ion lunder sectiop 145151it l of the Charities Act, and to state whether parti¢ulai Inattei have coime tci my attentlon. 8•$1s of Independent 4mIn¥$ 5t•t•mt.n% My examlnatlon was carried oui in acc'jrdance with general Dlrections given by the Charity Commission. An examination includes a irtiilew of the accounting records kept by the charity and compari50n of the accounts preE ented iillth those reiords. It also iniludes cunsideratlon of anv unusual items or di5closure5 In the ai counts ind 5eekin8 explanations from the trustees concernin8 any such matters. The proce Iijres undertaken do rtot provide all the evidence that would be required in an audit, anij con5e4uently no opinion 15 1?iven as tc whether the occount5 present a 'true and fair, view and the reF.irt is limited to those rnatters sel out in the statement below. Independent Examinerfs Statement In conriectioii with my examinatiJn, rH mattp.r has come to my atteiition whlch gives me reasonable cause to btliève that IY, <iny n dierl- I rèipect, the reqLtirement< to keep accountin6 records '.n ac¢( I,iance with sectloii l.?0 ol the Charities Act.. and to prepare accounts Whic acco I with the accounting record5 and comply with the accouiiting requirement5 ol the cl.arities Act have not been met,. 01 to whlch, in my opinion, atten'ion should be drawn In order to enable a proper understanding of the accounts to be reached. Si8ned.. Date.. Name.. Ari(Irew Gadoros Relevant professional qualificationls) or body lif any). FCA Address.. A Alj Acr.ouiitancv g aiiiidrcnr Cèntre Li,ne5 RJad, 'Weybridge SLrr', ey, KT13 80H Page 8

WEYBRIDGE LAND CHARITY ReE istration #200270. Statement of Financial Actlvities for the year ending 31 December 2023 Invest- ment Funds Total Funds 2023 Invest- ment Fund5 Total Fund5 2022 Note General Funds General Funds Income Charitable activities Donations received Investments Total income 11,353 10,930 35.660 57,943 11,353 10,930 35,660 57,943 11,404 1,2S2 31,071 43,727 11,404 1.252 31,071 43,727 Expendlture Charitable activities 29,394 13,196 42,590 36,394 13,689 50,083 Total Expenditure 29,394 13,196 42,590 36,394 13,689 50,083 Net revenue I lexpenditurel 28,S49 113,1961 15,353 7,333 113,6891 16,3561 Net Ilossesll gains on investments 197,895 197,895 1728,4191 1728,4191 Net movement In fund5 for the year 28,549 184,699 213,248 7,333 1742,1081 1734,7751 Funds b1fv4d 108,755 2,033,500 2,142,255 101,422 2,775,608 2,877,030 Transfer between funds Funds clfvld 137,804 2,218,199 2,355,503 108,755 2,033,500 2,142,255 Page 9

WEYBRIDGE LAND CHARITY R eg15lration #200270. Balance Sheet for the year ended 31 December 2023 Invest- ment Funds Total Funds 2023 Invest- ment Funds Total Funds 2022 Note General Funds General Funds FSxed asset5 Tangible fixed assets Investments 10,498 10,498 2,220,120 11,727 11,727 2,026,900 2,220,120 2,026,900 Total fixed assets 10,498 2,220.120 2.230.618 11.727 2,026,900 2,038,627 Current assets Investment tash Cash at bank and in hand Debtor5 94,264 40,900 11.9211 92,343 40,900 69,003 29,669 6,600 75,603 29,669 io 234 234 66 66 Total current assets 135,398 11,9211 133,477 98,738 6,600 105,338 Liabilitles Amounts falling due within one year li 18.5921 18,5921 11,7101 11,7101 Net current assets 126,806 {1,9211 124,885 97,028 6,600 103,628 Total net assets 137,304 2,218,199 2,355,503 108,755 2,033,500 2,142,255 Approved by the trustees on and signed on their behalf by,. Chairman of the trustees, Weybridge Land Charity Page 10

WEYBRIDGE LAND CHARITY R egistration #200270. Statement of cash flows for the year ended 31 December 2023 General Funds Investment Funds Total Funds 2023 Cash flows from operating activities: Net cash generated by / (used in) operating activities 38,764 113.2881 25,476 Cash flow5 from investing activities Proceeds from sale of investments Purchases of investments 392,353 1387,5861 392,353 1387,5861 Net cash provided by inve5tlng actlvlties 4,767 4,767 Tangible fixed assets purchased 12,2721 12.2721 Change in cash and cash equlvalents in the year 36,492 18,5211 27,971 Cash and cash equlvalents at the be8innin8 of the year 98,672 6,600 105,272 Cash and cash equiv?lent5 at the end of the year 135,164 11,9211 133,243 Reconclllation of net expenditure to net cash flow from operatlng activities General Fund5 Investment Funds Total Fund5 2023 Net income per the statement of linanci31 resources 28,549 184,699 213,248 Adjustments for.. Gains on investments 1197,9871 113,2881 1197,9871 15,261 28,549 Increase in debtors Increase in creditors Depreciation 11681 6,882 3,501 11681 6,882 3,501 Net cash generated by / (used inl operating activlties 38,764 113,2881 25,476 Page 11

WEYBRIDGE LAND CHARITY R egistration #200270. Statement of cash flows for the year ended 31 December 2022 General Funds Investment Funds Total Funds 2022 Cash flows from operatlng activities.. Net cash generated by I (used inl operating activities 11,508 111,4171 91 Cash flows from investing activities Proceeds from sale ol investments Purchases of investments 142,269 1123,4391 142,269 1123,4391 Net cash provided by investing actlvlties 18,830 18,830 Tangible fixed assets purchased 114,2991 114,2991 Change In cash and cash equivalents in the year 12,7911 7,413 4,622 Cash and cash equlvalents at the be8lnning ol the year 101,463 18131 100,650 Cash and cash equivalents at the end of the year 98,672 6,61)0 105,272 Reconciliation of net expenditure to net cash flow from operatlni activities General Funds Investment Funds Total Funds 2022 Net income per the Statement of financial resources 7,333 1742,1081 1734,7751 Adjustments for.. Losses on investments 730,691 730,691 7,333 111,4171 14,0841 Increase in debtor5 Increase in creditor5 Depreciation 1361 302 3,909 1361 302 3,909 Net cash generated by I (used Inl operating activities 11,508 111,4171 91 Page 12

WEYBRIDGE LAND CHARITY Reg istration #200270. Notes to the Statement of Financial Artivities l. Accounting standards, pollcies, concepts and principles Basls of preparation and assessment of going concern The financi31 statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The f inancial statements have been compiled with reference to the 'Statement of Recommended Practice.. Accounting and Reporting by Charities, and the accounts have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland IFRS 1021 issued on 16July 2014 and the Charities Act 2011. The charity constitutes a public benef it entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Recognltlon of Income All income is recogn ised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Recognition of expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses including support costs and governance costs are allocated or apportioned to their applicable expenditure headin8S. Investments Investments are measured initially at cost and subsequently at their market value at the reporting date in accordance with paragraph 11. 14ldl of FRS 102. The investment fund managers IJM Finn & Co.) are instructed to seek growth but maintain medium risk portfolio. They are instructed to achieve income of at least £50,000 each year. Reserves Reserves held by the charity are either.. Unrestricted reserves- which may be used in accordance with operational and charitable activities at the discretion of the trustees. Permanent Endowment- are funds of which the capital cannot be spent but are to be invested to generate income. Costs which can be offset against the permanent endowment funds include the costs of maintaining the capital element of the endowment f unds, gains and losses on disposal of assets, unrealised gains and losses and similar charges. Tangible assets The charity owns the freehold of approximately 9.385 acres of land at Churchf ields, Weybridge. This land is valued in the accounts at nil cost as it was obtained by the charity without charge on Page 13

WEYBRIDGE LAND CHARITY R egistration #200270. the exchange of lands with the former Weybridge Urban District Council in 1910. An estimated current-use value of £96,000 has been ascribed to this land. Other fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follow5: Fixture5, fittings and plant 25% written down value Income from charitable activities These comprise allotment rents and wayleaves. Income from investments 2023 2022 Investment dividends Interest received on cash balances Total 3S,262 398 35,660 30,967 104 31,071 Expendlture on charitable actlvitSes Invest- ment Funds Total Funds 2023 Invest. ment Funds Total Funds 2022 General Funds General Funds Grant5 and direct costs Grants paid out Maintenance and development of allotment land 10,629 10,629 10,400 10,400 4,573 4,573 13,178 13,178 15,202 15.202 23,578 23,578 Support and adminlstration costs Professional fees Fund manager's fees and dealing expenses Independent examiner's fees Bank charges Insurance Stationery, postage and website maintenance Depreciation 8,134 8,134 4,236 4,236 13,196 13,196 13,689 13.689 I,soo 1,500 1,440 1,440 208 276 208 276 250 319 250 319 573 573 2,662 2,662 3,501 3,501 3,909 3,909 14.192 13,196 27,388 12,816 13,689 26,505 Total expend5ture on ¢haritable activities 29.394 13,196 42,590 36,394 13,689 50.083 Expenditure is recorded on an accruals basis. The charity has no contractual obligations which have been omitted f rom the accounts for the year. Page 14

WEYBRIDGE LAND CHARITY R egistration #200270. 5. Net gains on investments Fixed Interest Equities and Funds Total 2023 Fixed Interest Equities and Fun(is Total 2022 Realised gainslllosse51 on investment sales 113nuary m.v. of investments sold Purchases Sale proceeds 1388,4211 1388,4211 185,7771 197,5231 1183,3001 15421 392,353 3.390 15421 392,353 3,390 16101 77,645 20.488 16101 142,269 41,641 64,624 121,1531 Quoted investments In the U.K. M3rket value at ljanuarv Addition5 Disposals 137,493 613,446 750.939 152,113 790,570 942,683 221,615 29,901 170,8081 572,529 251,516 170,8081 931,647 91,497 188,0481 155.562 91,497 1144,9111 889,269 156.8631 733,707 359,108 Market value at 310ecember 369,753 588.719 958,472 137,493 613,446 750.939 Unreallsed Investment Ilossesl / ga5ns (UK quoted) 118,0691 1120.2611 1138,3301 10,645 16,180 Z6,825 Other investments Mèrket value at I january Addition5 Disposals 1,275,961 1,275,961 1,833,738 1.833,738 136,613 136.613 31,942 31,942 1318,6981 1,093,876 1318,6981 141,2711 141,2711 1,093,876 1,824,409 1.824,409 Market value at 31 December 1,261,648 1,261,648 1,275,961 1.275,961 Unreallsed Investment IIos5esl / gains lotherl 167,772 167,772 1548,4481 1548,4481 Total unreallsed investment Ilossesl / gains 10,645 183,952 194,597 118,0691 1668,7091 1686,7781 Total net110sses) I gains on Investments 10,645 187,342 197,987 139,2221 1689,1971 1728,4191 Page 15

WEYBRIDGE LAND CHARITY R egistration #200270. 6 Fixed assets Equipment Cost As at ljanvarv Additions As at 31 December 2023 2022 16,081 2,272 18,353 1,782 14,299 16,081 Depreciation As at l Januarv Charge for the year As at 31 December 4,354 3,501 7,855 445 3,909 4,354 Net bookvalue As at 31 December 10,498 11,727 Asat ljanuarv 11.727 1,337 7. Investment Fund Fixed Interest Equities and Funds Tolal 2023 Flxed Interest Equltles and Funds Total 2022 UK quoted investments Value at I january Additions Disposals Unrealised Ilossesl I gains 137,493 221,615 613.446 29,901 159,7471 750,939 251.516 159,7471 152,113 91,497 188,0481 790,570 942,683 91,497 1144,9111 156,8631 10,645 5,119 15,764 118,0691 1120,2611 1138,3301 Value at 31 December 369,753 588,719 958,472 137,493 613,446 750,939 Other Investments Value at I january Additions Disposals Unrealised11055esl I gains 1,275,961 136,613 1329.7581 1,275.961 136.613 1329,7581 1,833,738 31,942 141,2711 1,833,738 31,942 141,2711 178,832 178,832 1548,4481 1548,4481 Value at 31 December 1,261.648 1,261,648 1,275,961 1,275,961 Total Investments 369,753 1,850,367 2,220,120 137,493 1,889,407 2.026,900 JM Finn dealln8 account Ica5h) 11,9211 6,600 Total investment fund (note 81 2.218.199 2,033,500 Purchases and sales of investments have been made in the year in accordance with the requirements of the Trustee Act 2000. The JM Finn cash dealing account is included in the table to facilitate reconciliation. Page 16

WEYBRIDGE LAND CHARITY R egistration #200270. 8. Unrestricted and Endowment Investment Funds (including JM Finn Deallng account) Unrest. ricted Endow- ment Total 2023 Unrest. ricted Endow- ment Total 2022 Permanent endowment V31ue at I january Apportioned Ilossesl I gains Value at 31 December 1,901,170 1,901,170 2,594.985 2,594.985 172,680 172,680 1693,8151 1693.8151 2.073,850 2,073,8SO 1,901.170 1,901,170 Investments before 1999 Value at I january Apportioned Ilossesl / gains Value at 31 December 85,667 85,667 116,930 116,930 7,781 7,781 131,2631 131,2631 93,448 85,667 85,667 Transfers from general fund Value at I January Apportioned Ilossesl I gains Value at 31 December 46,663 46,663 63,693 63,693 4,238 4,238 117,0301 117,0301 50.901 50,901 46,663 46,663 Total Investments 144,349 2,073,850 2,218,199 132,330 1,901,170 2,033,500 9. Cash at Bank and Dealing Account Invest. ment Funds InvÈ5t. ment Funds General Funds Total 2023 General Funds Total 2022 JM Finn Dealing Account JM Finn Income and Deposit Accounts 11,9211 11,9211 6,600 6,600 94,264 94,264 69,003 69,003 CAF Gold Deposit Account CAF Cash Current Account Paypal Account Total bank balances 25,624 25,624 27,935 27.935 15,248 15,248 947 947 28 135,164 28 133.243 787 98,672 787 105,272 11.9211 6,600 10. Debtors General Funds 2023 General Fkjnds 2022 Allotment rents 234 66 Total debtors 234 66 Page 17

WEYBRIDGE LAND CHARITY R egistration #200270. 11. Credltors.. amounts falllng due wlthln one year General Funds 2023 General Funds 2022 Trade creditors 7,092 270 Accruals Prafes5ional fees 1,500 1,500 1,440 1,440 Total creditors 8,592 1,710 12. Reserves a) 2023 Fund Name Balances blfvid Movement between funds Galn on Invest- ments Income Expend- Iture Balances clfwd General fund 108,755 57,943 129.3941 137,304 Investment fund 2,033,500 113,1961 197,895 2,218,199 Total funds 2,142,25S 57,943 142,5901 197,895 2,355,S03 b) 2022 Fund Name alances Expend. iture Movement between funds Loss on invest- ments b/fwd Income Balances clfvid General fund 101,422 43,727 136.3941 108,755 Investment fund 2,775,608 113.6891 1728.4191 2,033,500 Total funds 2,877,030 43,727 150,0831 1728,4191 2,142,255 Page 18

WEYBRIDGE LAND CHARITY R egistr3tion #200270. 13. Dlsclosure of trustee and staff remuneration, related party and other transartions The charity has no employees. None of the trustees received any emoluments or reimbursements of expenses in the year lor in the year ended 31 December 20221. There have been no related party transactions and no ex-gratia payments have been made in the year lor In the year to 31 December 20221. Page 19

WL ELWNG TO WAEA tsIFFE4EtrICEII4 WEYBRIDGE LAND CHARITY REGISTERED CHARITY NUMBER 200270 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023