CHIPPING CAMPDEN TOWN TRUST A REGISTERED CHARITY GLOUCESTERSHIRE- 203889 REPORT AND FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2022
CHIPPING CAMPDEI N TOWN TRUST A REGISTERED CHARETY GLOUCESTERSHIRE- 203889 Contents Genei?I Information Report of the Trustees Report of the Independent Examiner A Statetnent of Fin¥Dcial Activities A Statement of Financial P051tion otes forming a part of the Financial Statements P•2e l IJ
Chi in Cam den Town Trust General Information Trust¢e8 Patrick Spink Ti'evoi. Webb Christopher Jones Eli2abeth Hodges Michael Allchin Victoria Baies Grnham Gr¢enall Michael Haines Bob King Teresa Newman Richard Orr Clei'k to the Trust Joanna Hdrrigan Address of Town Trust Town Elall High Sts'c¢t Chipping Campden GIouLeslers]iii¢ Corre5pondcnce Address: I'he Old Police Station High Street Chippiiig Campden Glouceslei'5hire GL55 6AT GL55 6HB Charity Number: 203889 Bankers LSoyd5 Bank PIC Eligh Strcct Evesham CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ WRI14DQ Independent Examiner Dai)iel Colwell FCCA a'A Arr The Old Bull Pens Sezincot¢ Morelon in Marsh GI.56 9AW
Chi in Cxm den TDwn Trust ort of the Trustees foi. I'egr F.ndin 31 March 2022 Introduction The Trustees are pleased to present Iheir report together with the Financial Si&teineiil for year ending 31 March 2022. Cunstitution Cliipping Lampden Town Trust is eonstiluted by a Deed sealed on 2 July 1996 aiid is a i'egislered Charity iii Englaiid and Walc5. Aumber 203889. Truste¢5 Respon5ibilitieS li) Relation to the Financial Statements The Chai'itics Act requiLES the Ti'ustecs lo preparc Financial statenients that give a true and fair view of the State of affairs of thc charity al the end of the financial year and of its surplLIS OI. deficit for the finanui&l year. In doing so the trustees are rcquired to: _ select suitable accounting w)licies and to apply thcm ¢onsi5tently. m¥ke judgefflents and cstimates that are Teasonable and prudent, and Prepare the financial statements on the going concem basis unless it is inappropriate to presume tbai the charity will continue in business. The Trustees are responsible for maintaining proper accounting records which disclose witli reasonable accuracy at any time the fsnaThcial position to the charity and enable them to ensuie that the financial slatcments comply with the Chai'ities Act 2011. The truslees al'e also responsible for safeguarding the assets of the charity and hence for taking I'easonable Steps foi. the prcvention and detection of fraud and other irregularities. Aims and objeetives of Charity "rhe objects of the Charity are to maintain. insurc, keep r¢paired. and adapt the Town Hall and other property for the purtK)se for the benefit of the town. Public Benefit The Trustees confim that they have cotnplied witli the requircment in the Cliarili¢s Aci 201 I to have due regard lo the Chai'ity Commission's general guidance on public benefit iii exeieising theii. powers and duties. They have rcf¢rred to this gLIidan when reviewing the charity's objecls and aims and in pla[Ing its future activities and are satisfied that the Charity's activities comply with this guidance and are of PEEblic benefit. The Trust maintains the Town Hall and other property for use by meiThbers of the publi¢. Future Plans Following the completion of the condition Survey in November 2021, 8 working pat'ty was appointed to produce an action plan for the future maintenaticc and care of the Town Hall. Unfortunately. before it could Inect a large pÉece of thc stone finial on the roof ovei'lookiiig the town square bl'oke OIT in early Febniary. This ha% necessitated tlie ereclion of scaffolding with scaffold netting and Flerns fencing lo protect thc public in case morc of the stone fell. Due lo the PryeS
faLI thal the Towti Hall is Grade Il* listed the repairs to the vase will need consent from Colswuld Disti'ict Council and Heri1oEe England. The I'rust has appoiiited James Mackiiitosh Architects lo manage this project. It was decided to ulso seek permission to repair the dam<2ged mullioii oil the West face window at the same time. The wsl of these urgenl works e5liiiiated to be in the region of nearly £20,000. In addition, whilst Coiidition Survey confinned that the Town Hall is in a 'faii' condition" it makes obscrvations ai 4 leycls of priori(y repatr works required in the fi]ture. 'I'he foul. categories being urgent woi'ks, works Tequired in 5 years, woi'k5 beyond 5 Yea and desirablc works. Th¢ Working Party is currently meeting to review these recommended actions. initially focusing on the urgent works priority. l-hese are repair works to the clock tower roof, rcpl8¢enienl of felt on the flat roof, i'estoration of two fitst floor windows overlooking the High Sireet, replacement of the badly eon'oded inelal decorative fl&l on the north elevation. rainwater hoppei. und glitter Lepairs. A fii'st cstimate of the fiill Cost of all maintenan¢e is in the order of £200.000 and the Trustees are I'eviewing how that will be financed over the coming months and years. Thc-L'rust earns reveniie from two sources Town Hall lettings and the car park and has accumulated savings in a specialised charity savings accoiint over the years. The ts)tal is insufficient to covei. thc full eosls.
Chi in Cam deD Town Trust Financial Review The opei'ating income generdtcd by thc Chatity during the ye. was a irspeciablc £53,624. L¢ttings income was back up to £22,144 and the net takings from the car park were £28,482. At JI March 2022, the Trust had a balance of unrestricted funds of £196,708 including investments of £1 19.508. Trustees The Town Council i5 the Sole Managing TTUStee of the Town I'LiisI. Thei'efore, on appointment to the Town Council that Councillor autotnatically bc¢omes a Trnstee of the I'own'frusl. Organisation A board OF Triistees, of up to eleven mcmbers, meet three limes a y¢ar and at other times that ay be necessary to administer the charity- A Clerk is appointed lo manage the d8y-to-day operation of the charity. Risk Management Thc Trlislees have a duty to identify and renew the risk5 to which the charity is exposed and to en511re appropriate controls are tn place to provide reasoiiable assurance against fraud and eri'or. Anvestments Power The Trustees glIarlY review the Charities investments. Under Ihe deed ol Trust: the charity has the power to make any iThvestments which the Trustees see of a benefit to the trust. Reserves Policy The TISte¢S policy 15 to review the reserve levels of the Chaiily on an annual basis. This VIeW will encompass the nature of the income and expendilure streams, thc need to match iiicoill¢ with commitmcnts and the nature of the Charity's reserves. The TThteeS also lake into consideration the fuliwe plans of the Charity, thc uncertuinty over some clcments of thture stregms and otber key risks identified during the risk review process. Pw¥oJlJ
Chi Cam den Town Trust Following the pandemic, "lown Hall bookings are steadily increasing with the Uppel Town Hall continuing its popularity as a venue for weekend craft fairs. markets and art exhibitionslsales. During the week it continues lo be iised in the cvcning by local groups such as the Bridge Club, the Histoiy Society, thc Campden Sociely. the Rl[ Cinenia and the Town Council and every other Tueyday morning by the Probus group. The Lower Town Hall uscd to be fully booked every weekend by alternating antique fairs but since the pandemic these groups have all retired from the trdde and new ones have nol lakeii their place.
Chi Cam den Town Trust Reserve5 The IrSeeS will not meet the full repair cosls identified by the condition suivey and the T( will be appointing a working party 10 raise additional revenue from variou8 heritage grants. Indendent ExRmination The 'frusl¢es consider that an audit is not requiird for this year (under section 144(2) of the Charities Aci 2011) and that ali independent examination is required. A resolution will also be proposed at the Annual Generdl Meeting that the Independent Examiner be appointed to the charity for the ensuing ye. By Order of the 'fiwtees'. Riehard Orr Chairman Christopher Jones 28 ..2022
Inde cndenl Examine Re ort to the Chi in Cllm dcll Town Trust I reptsit on th¢ accounts of the Tru51 for year ending 31 March 2022, which are sct out on th¢ pagessto 13 Respectsve Re5ponsibi1sties of Trustecs and Examyner The cliarity'.5 trii_%tee5 are responsible for tl)e preparation the accounts. The ¢harity'5 ti"ustees on5id¢r ihal an audit is not required for this year (under section 144{2} of the Cliarities Act 2011 (the 201 l Act) and that an indcp¢ndent examination is needed. It is my responsibility to: Examine the accounts under section 145 of the 2011 Act. To follow the procedure5 laid down in the Gcn¢ral D]re10nS given by th¢ Charity Commission (under seclion 145 (5) (b).. and To stste wheth¢r particular matter5 haye come to my attention. Basis of ldependent Examiner's Report My cxamination was cari'i¢d out in accordance with the General Directions given by the Charity Commissioners. An examinalion includes a review of the accouiiting records kept by the ch3rity and a comparison of the accounts presented with those record5. It also in¢ludes eonsidtration of an), unusual item or disclosurcs in ihe accounts and sceking explanation from you a% trustee5 conceming any such tnalters. The pr(Kedures undertakeii do not provid¢ all the evidencc that would be required in an audit and con5equenily no opinion is given as lo whetlicr the accounts present a "true and fair view" and the retxJrt is limited to those matters set out in Eh¢ stat¢illeRi below. Independent F.xaminer's Statement In conneLlÈon with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respcci the requirern¢nts to ensure thal prOr accounting records atE kept in accordance with section 130 of th¢ 2011 Act.. atld accounts are prepared which accord with the accounting records and comply with accounting requirements of the 201 l Act or 2 10 which. in my opinion, altention should be drawn in ordcr lo enable 8 proper understanding of the accounts to be reachcd. It should be not¢d that I have been unable to verify the balance of NS&I income botbds purchased in 1988 and 1990 rcspectivcly, allhough ihe intercsl paid on these deiSitS is within expectcd parameters for the cash investment held. Daniel Colwell FCCA cfA AAT The Old Bull Pcns Sezincote Moreton in Marsh Gloucestctshire GL56 9A W 2022 Pu¥ex14
CIIIPPING C.AMPDENTOII'N'fRLsr A'I'LMEliT OF FIIYANCIAL AcfIviTIES I.VII VV.AII ENDED JI NIARCII I2 Fwd F 22 1022 1022 11122 2021 INCOMIYG RESOlIttCES ChwiLqbk Iladi1]Y1ll(s Flull ktiin eai Park Inc(¥n¢ lov¢slinenl itKme Sup¥Jty I1r 22.144 31.492 12.144 34.492 42 2.987 19,669 I'UTAI. INCOMING RESOIIRCF 59h54 43 EXPENDITURE Diryrt thAriliWEtxptM¢Mi¥rr 7.ts17 0.447 6.OID 7,ih17 6.447 010 I83 165 5,040 Car ¢05 ofihe ¢bYity Sal¥jtsaThl NIC coMibJiity WaLtK. ligtrim8 Admini4)byClpJrtil Rp 9,489 2.754 1553 2.579 2579 IP40 2.088 492 2,470 1,040 1,844 568 IJOD SUJryCDS StKKwt5hip Equipnentd4ywthn 3.529 EXPENDITIIAE 43.938 45,167 36,793 Nrr INCOfvIING RESOIIRCF.8{EXPEf4DrrL5R IS95 {15291 14.166 4.550 INVES'rfvieKr R¥VALUATION 10. 25.785 14.141 19,392 (1.5291 24357 Tr*nsterJ bttwtt• fDnd5 BALANCE OF FLIliDS AT I APRIL2021 IAYL L'E OF FUNDSAT 31 hlARCII 2022 170.Y23 I96,708 Ja.(Kx) 552.1(15 733.029 713.637 7.%7,286 733,029
CFIIPPINC. C.AMPDEN Yowr4 TRiJsr STATEMENT OF FINANCIAL POSITION ASA'f 315tL M AXCII 1022 1012 2Tr11 IIIXED +K5SF.TS "r4tt8ible ass¢¢s ImStments 551.488 I1908 670.996 552,490 661.9Y)8 NET CURRtr.NI',ET P¢bi0rsai Prewr Cr¢that BBTrk J9.056 61X I.56$ 63.632 85.185 CURRENf LIABILITIfrS pyAbltwitbii oNeyeir creditoll A015 14275 NETLUMRENT Iissrrs 862 NET A55¥13 757 73)?9 REPRtS£NTED BY: 196,709 10,1 550.sn 757.287 170,923 10.0 [Sated F Restrted 733.U29 The FI11 bythEThtstre5w21thJurK2022 fth[d Orr ChristcdKE
C141PPING C.IMPDKN'foivN TRllSr NOTÉ5TO AccouKrs AS AI. 3151 MARC.H 2022 IIIXEI) b55ETS Fvi.Vy¢ by Chitty Frvhtym Pperty FMrnltor¢ Tvwn IIA Refurb 1022 Totll Rtyli Grom IIfyDk ViSut l>l Awil 2021 A¢lliiio Reval¢1 HI 31%t 2022 450.1 99Ab70 Jl.750 450XKKJ 99rn 32.8¥¥J .671 Dtprtcition I Awil 2021 Chaise fortheyex ai Jlst Marth JJ22 JiJ58 720 31.9n 115.78J 2.142 N¢1 Eky)k VBJuE2021 450.Q 99.QXJ 492 552.490 Nct Ilwk VP1?0 450.(QI 912 UDitS 2022 COIF Ciwiiy Fd A¢cOuni No. 34932(vJIRld * 31& Mw%hl OIFClw¢iiy No. 349321ts)IA( 3111 M¥th) COIFCknrity Acthuni No. 126001(A)IR(YJiuEdai Jlsi March) COIF ClTrarity FI AiwunlNts. 12601fy)IAB (Ld Mthl Nationa1 Sayitw Bond NO" 889770398IN(Jvtsnt¢r 1918) N[othI Savirg5 IrLorne Bot NO. 315[{ma[ch 19W? 21435 20,9É6 12.718 13n66 J9521 39J47 1kn.21 JS,263 IL19.418 COIF Itntslre unItsaJ$knw PlsEtlac If*alEken to Ik SOFA
CHIPPING CAMPDEN TOIVN YRtLST NOTFSTO Af.c.ouKrs coprr114111D AS ti'r 31>1 fvIARCH 2011 2021 TMI 4 DehtQV5 PrtpAymeASs Hirv5 Trtes Put1 Ftej Prewmenis 31.492 3).969 39,Q56 5 CAxh xt DiTrk l.loyd5knnk tiyx 61.509 61.509 63.632 03.632 6 Crtdll(+rJ Acrrux15 TtthCidit( 6.010 S,NO PAYE& Ndwp 6.940 14.OE4 14.175 7 .Ihxlysis ofThrl Iw¢sbtlweeN IM GenErnI FHB Deslystsd RtslAe¢e Pwnd FuThd Fun05 550577 551.48Y Talbk Asycts InveSliWIt5 Cth in BEnk (XhPrNrtCert A3$LI[1t) 12 119508 51J09 24.780 19G.70Y io,¢ 61.509 14.780 550 S7Y 757.286 IbigThitod Rt51riCttd Tot•1 Flln B&kn¢e5 al l Apt]12021 fErill# irtorne Instei iL¢ 1fv.923 39fi23 io¢xy) 552,106 733.029 59ffi23 Totyi 230J57 45.9J8 186.6E8 552,106 792) 10.L 550.577 747.196 Transfery farA5% pJ¢hixs TrdTrsfri fL lo90 BanCes 31 550 $77 757386 Uhdei ihectrAii¢thl¥ot&t d*d 2 July IY%.thETtUyEC5tOirThFthdWyRv F. F5 of£lOm) ote kcN rlhi5 tY-W)se
Chipping Campden Town Trust Notes to the accounts 31" Marth 2022 ACCOUNTIIYG POLICIES Aeeounting conventkon The Lhai'ity constitutes x public benefit entity defiiied by FRS 102. The financial stateii)eiits have been prepared in accordance with Accounting and Repoiting by Cliarities-. Sidlcn]ent ot Recottllnended Practicc applicable to charitie5 pIEparing their accounts in accordance WLih the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issiied OD 16 July 2014, the Charili¢s Act 201 I ]d UK Genei'ally Acccpl¢d Practice as it applics from l January 2015. The accounts for the year elided 31 Nlar¢h 2017 'C thc first accounts ot'the charity prepared in accordance with FRS 102, the financia] tEw)i'ling standard applicable in the UK and Republie of Ireland. The date of transition lo FRS 102 was I, April 2015. The tcpoitcd financial position and financial perfoi'mance foi. the pi'evious period are not affected by the transition to FRS 102. Funds .Structure Utll'e5ti'i¥l¢d funds comprise the Generdl Fund whioh the Trustees are free to use for any purpose in furtherance of the Charity's objectives, and a Designated Fund for piDperty repairs that maybe reqiiired in the fiLture. The Restricted Pund comprises the freehold property, Civic Regalia. furnitU]E and equipment. Depreeiation Depi'ecialion is charged on furniture artd equiptncnt which is wi'ittcii off on a sts'aight-liiie basi5 of 1501Tr and 20 % per year. i ixed Assets Investments Investsneiits are stated at ttwket value as at the balance sheet date. The statement of financial activities includes (he net gall and losses arising 011 i'evaluataon and dispo8als thi'ougliout the year. Unrealised gain8 losses All gains and losses are taken to Ihe statemetit of financial activitie5 as they arise. Unrealised 88in.8 and losses are calculated as the differcnce between mai'ket ITalLie al Ilie year cnd and opening market value (oi. purchase date if later). Incoming Resources All incomii)g I'esoiirces are recognised once the charity has entitlement to them. il is certain thai ihey will be received and their monetary value c] be measured with reasoiiable reliability. P4W 13¢rf14
ChippinE Campden Town Trust Resourcey Expended Liabilities are rcLugnised as resources expended as SOOii as Ihetr is a legal ur coiisli'uctive obligation cominitting thc charity to the expenditure. All expenditui'e LS aLLOUllted foi. on an acci'iials basis and ha5 bcen classified under the appropriate headings. ANALYSIS OF EXPENDITURF 2022 2021 The following have been charged in the statement of F,inancial Activities: Examinees remuneration (accountancy and examination fee) Stdff Wages There was one employee dwing the year and no one was paid in excess of £60,000. The Tii]stees receive no remuneration Trustee's expenses refunded durtng the Yr. Richard Orr £440.39 2021 (£151.12) IL&Y IIUKII