CHIPPING CAMPDEN TOWN TRUST A REGISTERED CHARITY GLOUCESTERSHIRE- 203889 REPORT AND FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024
CHIPPING CAMPDEN TOWN TRU A REGISTERED CFIARITY - GLOUCESTERSHIRE - 203889 Contents General lDformgtion Report of the Trustees Report of the Independ¢n¢ Examiner A Stat¢ment of Financial Activitses A Statement of Finaneial Position io Not¢s forniing a part of the Financial Statements Prtkr l 0114
Cbi Cam den Town Trnst Genernl IDformatioD Trnstees Victoria Bates- Chaiwn Michael Hain Cluistopher Jon Elizabeth Hodges Michael Allchin- Tesigned 4.5.2023 Janet Wilkinson Paul Welford- aPinted 10.10.2023 Patrtck Spink Graham Gr¢¢nall - signed 4.5.2023 Bob King- resigned 4.5.2023 Teresa Newnwi- resigned 12.3.2024 Richard 0- resigned 4.5.2023 Nic Cary- app)inted l 0.10.2023 Clerk to the Trnst Joanna Harrigan Address of TOWD Trust Town Hall High Street Chipping Campden Gloucestershire GL55 6AT Correspondenee Address: The Old Police Station High Street Chipping Campden Gloucestershire GL55 6HB Charity Number. 203889 Bankers Lloyds Bank PIC High Street Ev¢sham WRI14DQ CCLA Investment Manag¢ment Ltd 80 Cheapside London EC2V 6DZ Independent ExamiDer Daniel Colwell FCCA cfA A The Old Bull Pens Sezincote Moreton in Marsh GL56 9AW Pr_.
Chi den Town Trnst ort of tbe Trustees for Year Endin 31 March 2024 Introduction The TnteeS are pled to present their report together with the Financial Statement for year ending 31 March 2024. Constitution Chipping CampJ¢n Town Trust is ¢on3tituted by a Dc¢d sealed on 2 July 1996 and is a registered Charity in England and Wale& number 203889. Trustees Rupon8ibiliti£s in Relation to Ihe Financial Stat¢m¢nts The Charities Act requires the Truslees to prepare f1claI statements that give a true and fair view of the state of affaiTS of the charity at the end of the financial year and of its surplus or deficit for the flliancial year. In doing so the trustees ate required to: _ select suitable accounting policies and io apply them consistendy. make judgements and estimates that are Thsonable 8nd prudenL and Prepare the fuiancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for maintsining prOr accounting records which disclose with reasonable accuracy at any tin]e the fitwiciat position to the charity 8nd enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding th¢ assets of the cTrwÈty and hcnce for tsking reasonable steps for the prevention and delection of fraud and other i[gUlaritieS. Aims and objectives of Charity The objects of the ChBrity are to maintaio insur4 keep repairf and adapt the Town Hall and other propety for the purpose for the benefit of the tOWlL Public Benefit The Trustees confirm thal they have complia with the requirnent in the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit in exercising their powers and duties. They have refeed to this guidance when reviewing the charKty's objects and aims and in plarminE Ils future activities and are satisfied that the Charity's activities comply with this guidance and are of public benefit. The Trust maintains the Town H811 and other property for use by members of the public. Pttyj oJ14
Future Plalls Th¢ Trust appointed Amold B2rtosch Ltd to manage the schedule of works project for the future maintenance and eare of the Town Hall. Repairs to the Tovm Hall finial Yase and the damaged mullion on the West face Diocletian window wer¢ due to be completed end April. However. due to unforeseen Circumstances another suiidble btonemason had to IK found which furthcr delayed th¢ works the Vase and Mullion Tepairs. A certificate of practical cornpletion was succcssfvlly issued 25 October 2023. Additional minor rernedial works were also callied out to the West gable tsking advantage of the scaffolding while still in situ- two small indcnts to second floor window. filling of an open joint to the first-floor window and shelter coat on the damaged stonework benead4 mortar repair to fill a horizontal crack, followed by a shelter coat for extra protection. Also, where acce55ible from the scaffoldin& the op¢n joints atound the base of the vase pIinth were filled. Arnold Bartosch l.td have drawn up a detailed priority works lisL Amongsl other items these include repair works to the ller room roof. the flat WC roof, the clock tower roof. restoration of two first floor windows overlooking the High StreeL replacement of the badly corroded metal decorative finial on the north elevation. rainwater hopper and gutter repairs. A first estimate of the 11 cost of all maintenance is in the order of £200,000 and the Trustees are reviewing how that will k fllwiced over the cotnlng months and years. The Tnjst earns revenue from two sources - Town Hall lettings and the Car park and h&8 accumulated savings in a specialised charity savings account over the years. The total is insuificient to cover the full osts.
Chi Cam en Toyrn Tnut Financial RevieTY The operating income generated by the Charity during the year w&8 a respectable £58,081, a combination of Town Hail letting, car paTk takings and miscellaneous income. At 31 March 2024, the Tnjst had a balance of unrestricted fld$ of £204.546 including investments of £131.419. Trustees The TON Council is the Sole Custodial Tntstee of the Town Tnl Therefo, on appointment to the Town Council that Councillor automalically becomes a Trustee of the Town Trust. Organisatlon A board of Trustees, of up to eleven members. meet three times a year and at other times that may be necessary to administ¢r the charity. A Clerk 15 appointed to manage the day-to-day operdtion of the Charity. Risk Monxgement The Trusfres have a duly to identify and renew th¢ risks to which the charity is ¢xposed and to ensu appropriate controls are in place to provide reasonable uranCe against fraud and error. IllytMents Power The Tnssfres regularly review the Charities investments. Under the deed of TrtL the ¢harity has the power to make any investments which the Tn see of a benefit to the trust. Reserv¢s Policy The Trustees policy is to review the reserve levels of the Charity on an atmual basis. This review will encompass the natu of the income and expenditure streams, the need to match income with commitments and the nature of the Charity's reserves. The Trustees also take into ¢onsideration the future plans of the Charity. the uncertainty over 50me elements of future streams and other key risks identifi¢d during the risk review proce&s.
Chi Cam den Toym Tt Town Hall bookings are steadily increasing with the Upper Town Hall continuing its popularity as a venue for weekend craft fairs, markets, and art exhibitions I saIes. A successful fundraiser was held January 2024 for a rnuch-needed Campden Community First Responder Vehicle. hosted by the Campden CFR Team and Campden Rotary. This will further support and help the Campjen CFR Team carry out their important work in the community. During the w¢¢k it continues to be used in the eveDing by local gEOUPS such ag the Bridge Club. the History Society. the Campden S}ety. the Rural Cinema and the Town Council and every other Tuesday morning by the Probws group. The annual Scuttlebrook Wake and Dover5 Games made use of the Market Square car pk and Town Hall for their weekend events. Carnwlen Home Nursing provided refreshtnents from the Lower Town Hall over the Catnpden Open Gardens weekend. held annually. and raising funds for the good work providd by CHN in the l(Kal area. The Lower Town Hall continues to be used by community groups- weekly County Market and the monthly Campden Masket- and is still seeing regular bookings from a couple of small businesses - one selling Teak garden furniture and the other Persian w8s. With priority always given to local community organisations. Later in the year a local family will be holding their wedding reception at the Town Hall. a third generation to do so, utilising the whole building for their SFecial occasio Pt0 tJ114
Chi Cam ell Town Tntst Reseryey The reserves will not meet the full repair costs identified by the condition survey and the Trust WTII be seeking to identify and raise additional revenue by other means and possibly various heritage 8rants. Independent Examination The Trustees consider that an audit is nol rquired for this year {under section 144(2) of the Charities Act 2011) and that an independent examination is T4uired. A resolution will also be proposed ai the Annual General Meeting that the Independent Examiner be appointed to the charity for the ensuing year. By Order of the Trustees: Victoria Bates Chairnian Michael Haines ..2024
Ind Mdenl Examiners Re ort to the Chi itt Cam den ToiYD Trnst I report on the accounts of the TrL¢ for year ending 31 March 2024, which a set out on the pages9to 14 Respective RponsibilitieS of Trvstees aDd E[Trer The charity's trustees are resp)nsible for the prepardtion the accounts. The charitys trustees consider that an audit is not required for this year (under section 14412) of the Charities Act 2011 (the 2011 Act) 2nd that an independent cxamination is ne¢d¢d. It is my responsibility to: _ Examine the accounts under section 145 of the 2011 Act: To follow the procedure5 laid down Tn the General Directions given by the Charity Commi&sion (under section 145 {5) (b): and To slate whether particular mattus have come to my attention. Basis of llldependent Eutninerys Report My examination w&$ carrted out in accordance wlth the Generdl Directions given by the Charity Commis5ioner5. Ark examination includes a review of the acwunting records kept by the charity and a comparison of the accounts presen1 with thi>se records. li also include5 consideration of any unusual iiem or disclosures in the accounts and seeking explanation from you as trustees concerning any such matters. Thc procedures Ltndertaken do not provide all the evidence that would be required in an audit and consequently no opinion is giv¢n &s to whether the accounts present a'true and fair view" and the rewrt is limited to those matters set out in the stattm¢ni below. Independent Kxxminer's Statement ID connection with my examinatioo rto matter has come to my ottention: which gives me re&sonable cause to believe that in any material respect the requircrnents to ensure that proper accounting records are kept in accordance with tIOn 130 of the 2011 Act: and accounts are prepared which accord with the accounting rordS comply with aceounting rquirements of th¢ 2011 Act or 2 to which. in my opinion. attention should be drawn in order to enable a proper understandin8 of the ounts to reached. It should be noted thai I hav¢ been unable to verify the balance of NS&I income bonds hased in 1988 and 1990 reswtively, although the interest paid on these deposits is within ted pa et¢ for the shin esttnent held. ex ie Col CCA A AAT The Old Bull Pens Sezincote Moreton in Marsh Gloucestershire GL56 9AW 2024
OIIPPING CAMPDENTOIVNTRi srATEMEFff OF FINANaALAcnvrnL8 J5.631 iO.W9 37.819 41229 430 10.978 SJ19 6.435 5249 6.435 Cwrth 6.2B9 6.963 3592 2.620 9.441 1624 1?$5 47 47 4.172 10.84J 439 fj.498 439 NErLKpEf4Drru IU.9061 I£172) IWVWMF74T AEVAUIAnON £lJJ57 $9.750 £9.750 BALANCEOP pufiDSATI APRIL1•23 BAlANoFFI1*AyJI lARCH IW4 I.795 10.ro) 519.972 549JJn 753.168 757 216 763.618 755168 IrI
CHIPPING cAMP0PT07lTRLr STATEMEKfoF FINANaALPQ5I014 ASAT3ts1 MhRCHIQ24 FIXEDASSEf5 J49.75J 681.791 é67JJ7 NETCURp4Kr r[S 45*43 SlJ54 97,197 4lfi92 CWIIRENfLtABILmES pAy•¥Ewlmnv3Q1r 11830 11,827 16)51 753J68 194.796 lo00 549J72 D¢94F1 i49.QT2
cHippt14G CAhlPDÉf4TOWNTRi ASAT31It MARCH2•14 FtXÉDA&SE Grw#QokV 93. Ml.071 lJ56 I56 311 Mvth2014 99.•7Q 33916 7Ql.727 322D6 439 3Lfj45 tSO.916 439 315rMud1024 4501 9J.OTh) 549.755 550 71 26 12A1 44m7 43.695 23235 11.769 )9.IU4 31.57$ C(MFCknty 3491WIA{IllEx)Ity COIFCbtyF I2l1R{sIuQit37t ColFOwFdAcLcimll 126Olf•lABiwlty4at31x 13nffj6 8J06.ZI N(Tr.9D31tMiJfffjiMwth IWI 4heSCFA.
CHIPPIF4GCAMPDENTOW14TRi ASAT)1sr MARCH 2014 z3 T¢M 41J29 SJ9 07 37.819 1.549 3 CshiR•llk 3lJ54 JiJy 63.489 03.439 851 JJ17 6.435 4371 6289 4M PAyE&w i$J?I iiJJo ijoo 91 55DJ 41J54 3Q4rJ si) $49JJn 763JIB Fw IW.796 5721YJ 549.072 753161 57J4¥J 151177 549.072 $11.419 61.987 549.072 749.W 19)J ifj.fyyj IW7 I]57 7WI8
Chipping Campden Town Trust Notes to the accounts 31st March 2024 ACCOUNTING POLICIES Aeeounting conventlon The Charity constitutes a public benefit entity defined by FRS 102. The financial ststements have been prepared in accordan¢e with AUntIng and Rep)rting by Charities: Statement of Recommended Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Rcpublic of Ireland (FRS 102) issued on 16 July 2014. the Charities Act 2011 and UK Generally Accepted Practice as it applies from l January 2015. The accounts for the year ended 31 M8rch 2017 are the first accounts of the charity prepared in accordance with FRS 102, the financial rertIng standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 w&s I" AprÈl 2015. The reported financial position and financial perfortThance for the previous period are not affected by the transition to FRS 102. Funds Structure Unrestricted fimds comprise the General Fund Nvhich the Trnstees are free to use for any purpose in furtherance of tbe Charity'5 objectives. and a Designated Fund for property repairs that maybe required in the future. The Restricted Fund Comprises the freehold property, Civic Regali4 furniture and equipment. DeprttiatioD Depreciation is charged on furnitr and equiprneTht which is written off on a straight-line b&%is of150/o and 200/0 per year. Fixed Assets lDv¢s¢m¢nts Investments are stated at market value as at the balance sheei date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Unrealised gaius and losses All gains and losses are taken to the statement of financial activities as they arise. Unrealised gains and losses ate calculated as the difference between market value at the year end and opening market value (or purchase date if later). Ineoming Resources All incoming resources are recognised once the charity has entitlement to theni it is eertsin that they will be received and their monetary value can rnurtd with reasonable reliability. 13 ollJ
Chipping Campden Town Trnst Resources Expended Liabilities are recogni5ed as rv30urces expended as soon as there is a legal or constructive obligation committing th¢ ¢harity to the cxpcnditrjre. All expenditure is accounted for on an accruals b&sis and h&8 been classified under the appropriate h¢adin8S. I ANALYSIS OF EXPENDrruRE 2024 2023 The following have been charged in the statement of Financial Aciiviti¢s: Examinerfs temunerntion (accountancy and examlnation fee) Staff Wag¢s 9441 There was one employee during the year and DO one was paid in exce&8 of £60,000. The TrUStS receive no rernunerntion Tnee'S expenses refiJtMled during the year. Richard Orr £32.30 Victoria Bates £414.13 2023 - (£257.73) 2023 - nil