Grantchester Vlllage Trust Annual Report 2021 (Charity Commission no. 204586) Introduction Grantchester Village Trust was fom?ed in 2016. when three k)ng*stablished village charities joined together. Our main priority is helping local people with specific needs, but we also fund activities whith benefit the wider community. Each year we spend around £8,CKM) from our endowments. The other half of our endowment income is passed to the church. in line with the priorities of the original charities that formed the Village TrusL In addition we have benefited recently from generous donations which have enabled us to fund further artivities beyond those we can usually contempLIte. Our Acd¥ttles We don't publiase everything we help with because we know that confidentiality is important, but hope that our work does somethin8 to stren8then the communty we live In. Our income and expenditure are summarised in the attached table of accounts. Grants to resldents In need: Last year we were able to help a Durnber of residents in need, some afferted by the Coronavirus pandemic and others by the governmenvs cut in 5UPPOrt for those receiving Universal Credit. Eduotlonal Opportunlty Grnnts: Helpin8 young people achieve their full potential is an increasing part of our work. Durin8 the year we have offered support for all of the followin8: Paying for school clubs or residential trips Transport to and from college • 8uylng books and equiprnent. Includlng laptOPS Covering the cost of extracurricular artivities, Induding sports and music Adult or fvrther education course fees Heatlng s¢heme: Many older Grantchester residents have inefficient electric storage heating and inadequate insulation. 8ecause of this the Village Trust offers elderly and disabled residents who have medical need5 additional financial help. In 2021. we inueased our heating grants to £140 and supported 35 households. (In February 2022 we were able to supplement this with an extra £liJ) grant to help with escalating energy bllls). Supermarket trlps: The Trust organi5es supermarket trips with Dial-a-Ride for the elderfy and disabled every three weeks. June Loosley organises these and we are keen to make places available to anyone in the village who needs this support. Contrlbutlng tr• our work. The Villa8e Trust is a registered charity coordinated by eight trustees. each tsking responsibilty for a particular aspect of our Wor￿ From time to time there are opportunitie5 for new people to get involved. Please get in touth rf you'd like to fEnd out more. We are also grateful for donations and will do our best to use funds well. Or. If you know someone who is having a tough time, or mlght benefit from help with an educational opportunity- do get them to contatt US. Current Trustees Rosemary Gathercole Jonathan Graffy (Chairl John Gray {TreasU￿r) Louise Lancaster ISecretsry} June Loosley Mary Martin Richard Pilsworth (Estatss Officer) Rachel Rosborough finandal Matter5 Total income for the year w35 £30127. This was a substantial increase over the previous year1£246741 owing to a Eenerou5 donation on which Gift Aid was also re￿ived. The trustee5 have decided to use these additional funds over a rolling three year period. Expenditure for the year was £2289412020.. £201701. The rnajor areas of Expenditure over the year were on Heating Grants1£46001, Residents in Need IE46051 and Educational Opportunity Grants1£33051- The Church received 50% of the Trusys regular income (not induding donations for Social Needs) which amounted this year to £8133. The Trust obtains its income from rents received from tenants of its lands and from investments held on the stock market and bank interest. The Trust relies on these sour to fund Its regular activities. It is a long-term investor and, as far as possible, does not dip into its investments. The total value of its financial assets increased to just under three hundred thousand pounds1£2991871; this represented an increase of £37261 over the previous year although the income the Trust attually received remained fairly steady. The Trust h35 no intention of selling its lands and so has not had thern valued. One trustee received a Heating Grant for which they were eligible. The Treasurer was reimbursed for administrative expenses. No other trustees claimed any expenses from the Trust. REPORT OF INDEPENDENT EXAMINER Report to the trustees of Grantchester Vlllage Trust On accounts for year ending 31 December 2021 Charity Commission no. 204586 I report to the trustees on my examination of the accounts of the above charity (the Trust) for the year ended 31 December 2021. As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Art 2011 Ithe Act). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Art and in carrying out my examinatlon I have followed the applicable Directions given by the Charity Commission under 5ettion 14515llbl of the Act. I have completed my examinatlon. I confirm that no material matters have come to mv attention in connection with the examination which gives me cause to believe tha¢ in any material respect: Accounting records were not kept in accordance with section 130 of the Art or The accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention Should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Name: DAVID NEVILLE. Company Director gé)Z2 Addre5& 55 Bridle Way, Grantchester, Cambridge CB3 9NY GRA￿CHESTERVILLAGE TRUST Charlty Commlsslon no. 204586 ACCOUNTS FOR YEAR ENDING 31 DECEMBER 2021 Verslon for repDrtto tharFty Commls4on INCOME DURING YEAR From Investsnents From Lands Donations forsocial Needs GiftAid refunds Donations forsocial needs from South Cambs DC 9805 25CQ 2601 TOTALINCOME 30127 EXPENDITURE DURING YEAR Lands and admin Heating Grants Grants to residents In need Supenytarket run5 Educational Opportunity Grants Distribution to Grantchester Church 1399 607 4625 6650 890 479 6919 852 3305 8133 TOTAL EXPENDrruRE 20170 VAWE OF ASSETS Investrnents with COIF Fund Managers Bank and savÈngs accounts TOTAi FUND5 2021 272853 26334 299187 2020 242825 19101 261926 LANDS The Trust also owns lands in the vicinlty of the village whlch it rents out and leasesto produce annual income ## **CONFIDENTIAL; FOR GVT TRUSTEES ONLY** ## **GRANTCHESTER VILLAGE TRUST Charity Commission no. 204586 ACCOUNTS FOR YEAR ENDING 31 DECEMBER 2021** |**INCOME DURING YEAR**|**2021**|**2020**| |---|---|---| |**income from investments**||| |COIF Investment Funds|7087|7057| |Interest on bank/deposit accounts|2|11| |**Rents from Lands**||| |Trumpington Farm Company|610|610| |Trinity College|6008|6008| |Kings College|0|4| |Model Engineers|1450|1450| |Heath|220|183| |Clough|1000|1000| |Allotments|600|550| |**Donations for Social Needs**||| |Donations eligible for Gift Aid|10000|5000| |Gift Aid refunds|2500|2601| |South Cambs DC|650|200| |**TOTAL INCOME**|**30127**|**24674**| |**EXPENDITURE DURING YEAR**|**2021**|**2020**| |**Administration of charity and lands**||| |Legal expenses|1137|0| |Allotments water meter|188|172| |Tree and land maintenance|0|164| |Donation to Cocks and Hens|0|250| |Admin expenses for charity|74|21| |**Work in the community**||| |Heating grants|4340|4000| |Heating grants from previous year|250|625| |Grants to residents in need|4605|5850| |Bit Xtra for Xmas scheme|0|800| |Supermarket runs|852|890| |Educational Opportunity Grants|3305|479| |**Distributions to Grantchester Church**||| |Retrospective distribution for previous year|3133|1919| |Initial distribution for current year|5000|5000| |**TOTAL EXPENDITURE**|**22884**|**20170**| **2019** 6931 21 610 6008 7 1450 175 800 525 ( 5000 0 0 **21527** **2019** 1027 83 626 0 29 3500 250 4300 0 700 550 2045 5500 **18610** ## **CONFIDENTIAL FOR GVT TRUSTEES ONLY** ## **VALUE OF ASSETS AT YEAR END** |**INVESTMENTS**||**2021**|**2020**| |---|---|---|---| |**COIF Investment Funds**|£||£| |Fixed Interest Fund (5039)||20555|21991| |Income Units (5039)||252298|220834| |**Bank Accounts**|||| |Community account 2079||200|200| |Business Premium account 8095||12382|18901| |Nationwide Savings account||13752|0| |**TOTAL FUNDS**||**299187**|**261926**| Grantchester Village Trust also owns lands which it rents out/leases to produce annual income. Notes: A Nationwide Savings account was opened during the year as it provided a bett ## **LAND HOLDINGS** The Trust owns a number of pieces of land (see below). These are all rented out produce income for the Trust. These lands have been held by the Trust and its predecessors for many decade discussed having them formally valued. However, as the Turst has no intention land at the current time, the cost of such valuations was judged to considerably benefits such a valuation might bring. **Description of land Lease and Tenants** Cocks and Hens Tennis Club, Newnham Leased to Trinity Colleg Land in Newnham for Model Railway Leased to Cambridge a Society until 2028 Land in Newnham Leased until 2024 to C Land in Newnham Leased to Heath Six Acre Field in Newnham Leased to Trumpington Allotments at Fulbrooke Road, Newnham Leased to plotholders Small plot of land in Newnham providing access Leased to King;s Colleg **2019** £ 21285 207503 200 13863 0 **242851** ter rate of interest. t to tenants and s. The trustees have of selling any of the y outweigh the ge until 2071 and District Model Engineering lough and three others n Farm Company ge until 2955 ## **GRANTCHESTER VILLAGE TRUST Charity Commission no. 204586 ACCOUNTS FOR YEAR ENDING 31 DECEMBER 2021 Version for report to Charity Commission** |**Version for report to Charity Commission**|| |---|---| ||**2021**| |**INCOME DURING YEAR**|| |From Investments|7089| |From Lands|9888| |Donations for Social Needs|10000| |Gift Aid refunds|2500| |Donations for social needs from South Cambs DC|650| |**TOTAL INCOME**|**30127**| |**EXPENDITURE DURING YEAR**|| |Lands and admin|1399| |Heating Grants|4590| |Grants to residents in need|4605| |Supermarket runs|852| |Educational Opportunity Grants|3305| |Distribution to Grantchester Church|8133| |**TOTAL EXPENDITURE**|**22884**| |**VALUE OF ASSETS**|**2021**| |Investments with COIF Fund Managers|272853| |Bank accounts|26334| |**TOTAL FUNDS**|**299187**| ## **LANDS** The Trust also owns lands in the vicinity of the village which it rents out and leases to produce annual income Grantchester Vlllage Trust Annual Report 2021 (Charity Commission no. 204586) Introduction Grantchester Village Trust was fom?ed in 2016. when three k)ng*stablished village charities joined together. Our main priority is helping local people with specific needs, but we also fund activities whith benefit the wider community. Each year we spend around £8,CKM) from our endowments. The other half of our endowment income is passed to the church. in line with the priorities of the original charities that formed the Village TrusL In addition we have benefited recently from generous donations which have enabled us to fund further artivities beyond those we can usually contempLIte. Our Acd¥ttles We don't publiase everything we help with because we know that confidentiality is important, but hope that our work does somethin8 to stren8then the communty we live In. Our income and expenditure are summarised in the attached table of accounts. Grants to resldents In need: Last year we were able to help a Durnber of residents in need, some afferted by the Coronavirus pandemic and others by the governmenvs cut in 5UPPOrt for those receiving Universal Credit. Eduotlonal Opportunlty Grnnts: Helpin8 young people achieve their full potential is an increasing part of our work. Durin8 the year we have offered support for all of the followin8: Paying for school clubs or residential trips Transport to and from college • 8uylng books and equiprnent. Includlng laptOPS Covering the cost of extracurricular artivities, Induding sports and music Adult or fvrther education course fees Heatlng s¢heme: Many older Grantchester residents have inefficient electric storage heating and inadequate insulation. 8ecause of this the Village Trust offers elderly and disabled residents who have medical need5 additional financial help. In 2021. we inueased our heating grants to £140 and supported 35 households. (In February 2022 we were able to supplement this with an extra £liJ) grant to help with escalating energy bllls). Supermarket trlps: The Trust organi5es supermarket trips with Dial-a-Ride for the elderfy and disabled every three weeks. June Loosley organises these and we are keen to make places available to anyone in the village who needs this support. Contrlbutlng tr• our work. The Villa8e Trust is a registered charity coordinated by eight trustees. each tsking responsibilty for a particular aspect of our Wor￿ From time to time there are opportunitie5 for new people to get involved. Please get in touth rf you'd like to fEnd out more. We are also grateful for donations and will do our best to use funds well. Or. If you know someone who is having a tough time, or mlght benefit from help with an educational opportunity- do get them to contatt US. Current Trustees Rosemary Gathercole Jonathan Graffy (Chairl John Gray {TreasU￿r) Louise Lancaster ISecretsry} June Loosley Mary Martin Richard Pilsworth (Estatss Officer) Rachel Rosborough finandal Matter5 Total income for the year w35 £30127. This was a substantial increase over the previous year1£246741 owing to a Eenerou5 donation on which Gift Aid was also re￿ived. The trustee5 have decided to use these additional funds over a rolling three year period. Expenditure for the year was £2289412020.. £201701. The rnajor areas of Expenditure over the year were on Heating Grants1£46001, Residents in Need IE46051 and Educational Opportunity Grants1£33051- The Church received 50% of the Trusys regular income (not induding donations for Social Needs) which amounted this year to £8133. The Trust obtains its income from rents received from tenants of its lands and from investments held on the stock market and bank interest. The Trust relies on these sour to fund Its regular activities. It is a long-term investor and, as far as possible, does not dip into its investments. The total value of its financial assets increased to just under three hundred thousand pounds1£2991871; this represented an increase of £37261 over the previous year although the income the Trust attually received remained fairly steady. The Trust h35 no intention of selling its lands and so has not had thern valued. One trustee received a Heating Grant for which they were eligible. The Treasurer was reimbursed for administrative expenses. No other trustees claimed any expenses from the Trust. REPORT OF INDEPENDENT EXAMINER Report to the trustees of Grantchester Vlllage Trust On accounts for year ending 31 December 2021 Charity Commission no. 204586 I report to the trustees on my examination of the accounts of the above charity (the Trust) for the year ended 31 December 2021. As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Art 2011 Ithe Act). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Art and in carrying out my examinatlon I have followed the applicable Directions given by the Charity Commission under 5ettion 14515llbl of the Act. I have completed my examinatlon. I confirm that no material matters have come to mv attention in connection with the examination which gives me cause to believe tha¢ in any material respect: Accounting records were not kept in accordance with section 130 of the Art or The accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention Should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Name: DAVID NEVILLE. Company Director gé)Z2 Addre5& 55 Bridle Way, Grantchester, Cambridge CB3 9NY GRA￿CHESTERVILLAGE TRUST Charlty Commlsslon no. 204586 ACCOUNTS FOR YEAR ENDING 31 DECEMBER 2021 Verslon for repDrtto tharFty Commls4on INCOME DURING YEAR From Investsnents From Lands Donations forsocial Needs GiftAid refunds Donations forsocial needs from South Cambs DC 9805 25CQ 2601 TOTALINCOME 30127 EXPENDITURE DURING YEAR Lands and admin Heating Grants Grants to residents In need Supenytarket run5 Educational Opportunity Grants Distribution to Grantchester Church 1399 607 4625 6650 890 479 6919 852 3305 8133 TOTAL EXPENDrruRE 20170 VAWE OF ASSETS Investrnents with COIF Fund Managers Bank and savÈngs accounts TOTAi FUND5 2021 272853 26334 299187 2020 242825 19101 261926 LANDS The Trust also owns lands in the vicinlty of the village whlch it rents out and leasesto produce annual income