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2022-03-31-accounts

West Wickham Common and Spring Park Wood Coulsdon and other Commons

Annual Report and Financial Statements for the year ended 31 March 2022

Charity registration numbers 232988 and 232989

CONTENTS

Origins of the charities ............................................................................................ 1 Structure and governance ....................................................................................... 2 Achievements and performance ............................................................................. 8 Financial review .................................................................................................... 11 Trustee responsibilities ......................................................................................... 15 Independent auditor’s report ................................................................................. 17 Statement of financial activities ............................................................................. 17 Balance sheet ....................................................................................................... 22 Notes to the financial statements .......................................................................... 23 Reference and administration details .................................................................... 36

West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

ORIGINS OF THE CHARITY

West Wickham, Spring Park and Coulsdon and other Commons is a collection of separate sites comprising of over 275-hectares of area of open space, made up of natural chalk grassland, wooded pasture, copse and natural wooded areas, including several veteran species. Its natural and cultural heritage are of national importance, the legacy of centuries of interaction between people and the environment. The Coulsdon and other Commons were designated as part of the South London Downs National Nature Reserve in 2019.

Acquisition

In 1883 the City of London Corporation bought the freehold to the greater part of Coulsdon Common as one of the four Coulsdon Commons. Further acquisitions were made in 1924 (a strip of land on the north side of Stites Hill Road and part of Rydons Wood), 1936 (the remainder of Rydons Wood), 1939 (the area known as Merlewood) and 2003 (an enclosure which was the site of a windmill). The City of London Corporation also owns a plot of land adjacent to, but not part of Coulsdon Common that is occupied by the Merlewood Estate Office, tied accommodation for its Rangers and the Lodge Garden. This land is not public open space. In 1926, the City of London Corporation was given the woodland at Spring Park as a gift from Colonel Sir Arthur and Stephen Hallam Farnaby Lennard of Wickham Court. In 1927, the area of open meadow between the woodland and the Addington Road was sold to the City of London Corporation from the same vendors for a cost of £1,623 2s 6d.

The City of London Corporation bought the four Coulsdon Commons, including Kenley, in 1883 from the Lord of the Manor of Coulsdon, Edmund Byron. During the First World War the Air Ministry requisitioned the whole Common (20.6 hectares) to form part of Kenley Aerodrome. After the war only the northern half was returned but 25 ha of adjacent agricultural land was compulsory purchased and given to the City in substitution for the land lost to the airfield, now owned by the Ministry of Defence (MoD). In 1965 the City of London Corporation extended its holding when it bought land between Welcomes Road and Kenley Lane. Then in 1983 the City acquired land outside the perimeter track of the airfield that was no longer required for military purposes. Finally, in 2004, a small parcel of land, (0.63 hectares) linking Kenley and Coulsdon Commons was returned from the MoD.

Farthing Downs was also part of the 1883 acquisition. Prior to this, it belonged to the Lord of the Manor of Coulsdon. In 2002 New Hill, together with Eight and Ten Acre, was bought at auction by the City of London Corporation from a developer. In 2004, Woodplace Farm Fields to the west of Farthing Downs were also purchased by the City of London Corporation, following a successful local fund-raising appeal.

Riddlesdown Common was the last of the four ‘Coulsdon Common’ also acquired in 1883. Coombes Wood and Donkey Field were acquired in 1929, the Bull Pen in 1973, Riddlesdown Quarry and adjacent Quarry Field in 1996, and the Riddlesdown Cottage plot in 2006.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

TRUSTEE’S ANNUAL REPORT STRUCTURE AND GOVERNANCE

GOVERNING DOCUMENTS

The governing document is the Corporation of London (Open Spaces) Act 1878. The charities are constituted as charitable trusts.

GOVERNANCE ARRANGEMENTS

The Mayor and Commonalty and Citizens of the City of London (also referred to as ‘the City Corporation’ or ‘the City of London Corporation’), a body corporate and politic, is the trustee of West Wickham Common and Spring Park Wood Coulsdon and other Commons. The City Corporation is trustee acting by the Court of Common Council of the City of London in its general corporate capacity and that executive body has delegated responsibility in respect of the administration and management of these charities to various committees and sub-committees of the Common Council, membership of which is drawn from 125 elected Members of the Common Council and external appointees to those committees. In making appointments to committees, the Court of Common Council will take into consideration any particular expertise and knowledge of the elected Members, and where relevant, external appointees. External appointments are made after due advertisement and rigorous selection to fill gaps in skills. Elected Aldermen and Members of the City of London Corporation are appointed to the Epping Forest and Commons Committee governing West Wickham Common and Spring Park Wood Coulsdon and other Commons by the Court of Common Council of the City of London Corporation.

Members of the Court of Common Council are elected by the electorate of the City of London. The Key Committees which had responsibility for directly managing matters related to the charities during 2021/22 were as follows:

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All of the above committees are ultimately responsible to the Court of Common Council of the City of London. Committee meetings are held in public, enabling the decisionmaking process to be clear, transparent and publicly accountable. Details of the membership of Committees of the City Corporation are available at www.cityoflondon.gov.uk

The charity is consolidated within City’s Cash as the City of London Corporation exercises operational control over their activities. City’s Cash is a fund of the City Corporation that can be traced back to the 15th century and has been built up from a combination of properties, land, bequests and transfers under statute since that time. Investments in properties, stocks and shares are managed to provide a total return that:

The trustee believes that good governance is fundamental to the success of the charities. A comprehensive review of governance is ongoing to ensure that the charities are effective in fulfilling objectives. Reference is being made to the good practices recommended within the Charity Governance Code throughout this review. Focus is being placed on ensuring regulatory compliance and the ongoing maintenance of an efficient and effective portfolio of charities that maximise impact for beneficiaries.

ORGANISATIONAL STRUCTURE AND DECISION-MAKING PROCESS

The charities are administered in accordance with their governing instruments and the City Corporation’s own corporate governance and administration framework, including Committee Terms of Reference, Standing Orders, Financial Regulations and Officer Scheme of Delegations. These governance documents can be obtained via a request to the email address stated on page 36.

Each Member by virtue of their membership of the Court of Common Council, its relevant committees and sub-committees, has a duty to support the City Corporation in the proper exercise of its functions and in meeting its duties as trustee of the charities by faithfully acting in accordance with charity law, the Terms of Reference of the relevant committee or sub-committee, and the City of Corporation’s agreed corporate governance framework as noted above, backed up by its standards regime.

As part of the City of London Corporation’s restructure, the Open Spaces Department has merged with Planning & Transportation and Port Health & Environmental Services to form a new Environment Department, and West Wickham Common and Spring Park Wood Coulsdon and other Commons became part of the Environment Department from 1 April 2022.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

INDUCTION AND TRAINING OF MEMBERS

The City Corporation makes available to its Members, seminars and briefings on various aspects of its activities, including those concerning the charities, to enable Members to carry out their duties efficiently and effectively. Induction meetings are provided on specific aspects of the work of West Wickham Common and Spring Park Wood Coulsdon and other Commons. If suitable seminars or other training options are identified that are relevant to the charities, Members are advised of these opportunities.

OBJECTIVES AND ACTIVITIES

The objectives of the charities are the preservation and maintenance of West Wickham Common and Spring Park Wood Coulsdon, as Open Spaces for the recreation and enjoyment of the public.

Purposes of the charity as set out in the governing document, the Corporation of London (Open Spaces) Act 1878 and the Open Spaces Act 2018:

Main activities undertaken in relation to these purposes:

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West Wickham and Spring Park Wood and Coulsdon and other Commons natural and cultural heritage are of national importance, the legacy of centuries of interaction between people and the environment. As we progress through the 2020’s and beyond the challenge of protecting this valuable resource will increase as pressures from environmental and human factors mount.

Aims of the charity

The West Wickham and Spring Park Wood and Coulsdon and other Commons Management Plans describe the strategy for achieving these aims.

Volunteers

Group volunteering was suspended for periods during 2021/22 in response to the Covid-19 pandemic. Individual volunteering for activities such as litter picking and livestock checking continued and increased as lockdown measures came to an end. All six Commons received requests from locals wanting to help out in some way such that our volunteer numbers have increased by over 52 individuals. Despite conditions we exceeded 2,310 volunteer hours.

Remuneration Policy

The charities senior staff are employees of the City Corporation and, alongside all staff, pay is reviewed annually. The City Corporation is committed to attracting, recruiting and retaining skilled people and rewarding employees fairly for their contribution. As part of this commitment, staff are regularly appraised and, subject to performance, eligible for the payment of recognition awards.

The above policy applies to staff within the charities key management personnel, as defined within note 7 to the financial statements.

The charity is committed to equal opportunities for all employees. An Equality and Inclusion Board has been established to actively promote equality, diversity and

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inclusion in service delivery and employment practices. The Board is responsible for monitoring the delivery of the Equality and Inclusion Action Plan and progress against the Equality Objectives. This also includes addressing the City Corporation’s gender, ethnicity and disability pay gaps.

Owing to the COVID 19 pandemic and the recommendations from the Tackling Racism Taskforce, which was set up last year to identify the actions that the City Corporation could implement to tackle racism in all its forms, the Corporate Equality and Inclusion Plan will be updated in the autumn. There is work ongoing relating the new Equalities and Inclusion objectives, that will include internal and external consultation. This is expected to take place at the end of April 2023, with publication of the revised Equalities and Inclusion objectives by September 2023.

Senior staff posts of the City Corporation are individually evaluated and assessed independently against the external market allowing each post to be allocated an individual salary range within the relevant grade, which incorporates market factors as well as corporate importance.

Fundraising

Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as “soliciting or otherwise procuring money or other property for charitable purposes”. Although West Wickham Common and Spring Park Wood Coulsdon and other Commons charities does not undertake widespread fundraising from the general public, any such amounts receivable are presented in the financial statements as “voluntary income” including grants.

In relation to the above we confirm that all solicitations are managed internally, without involvement of commercial participators or professional fund-raisers, or third parties. The day to day management of all income generation is delegated to the executive team, who are accountable to the trustee. The charities are not bound by any regulatory scheme and does not consider it necessary to comply with any voluntary code of practice.

From March 2021 a donations page has been created on the Farthing Downs webpage, inviting and enabling the public to make on-line donations to the Farthing Downs Interpretation Improvements campaign.

The charity has received no complaints in relation to fundraising activities in 2021/22 (2020/21: nil). Individuals are not approached for funds, hence the charities do not consider it necessary to design specific procedures to monitor such activities.

Public benefit statement

The Trustee confirms that it has referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing West Wickham Common and Spring Park Wood Coulsdon and other Commons aims and objectives and in planning future activities. The purposes of the charities are the preservation in

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

perpetuity of West Wickham Common and Spring Park Wood Coulsdon and other Commons as an open space for the recreation and enjoyment of the public.

Consequently, the Trustee considers that West Wickham Common and Spring Park Wood Coulsdon and other Commons operates to benefit the general public and satisfies the public benefit test.

REFERENCE AND ADMINISTRATIVE DETAILS

The administrative details of the charities are stated on page 36.

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ACHIEVEMENTS AND PERFORMANCE

West Wickham and Coulsdon Commons teams have ensured that the sites remained open and accessible throughout the COVID-19 pandemic. However, with the focus on keeping the Commons open, tidy and safe, this did impact on the delivery of some of the projects planned for 2021/22 which will roll over into 2022/23.

West Wickham and Coulsdon Commons 2021/22 aims together with their outcomes were:

Management Planning - New 10-year Site Management Plan - In addition to the approved plan for the West Wickham Commons produced in early 2021, further plans for the Coulsdon Commons were produced and consulted upon this year. These last four plans will be presented to Epping Forest and Commons Committee in May 2022 for final approval.

Countryside Stewardship Scheme - An application for the next round of Government Grants was submitted to the Rural Payments Agency (RPA) in March 2021. It was confirmed in December 2021 that our application was successful and funding for the next 5 years of our grassland habitat management plans secured. The funding resource is primarily for the maintenance of habitats created during the previous 10-year Higher Level Stewardship Scheme (HLS) which ended in 2021.

Countryside Management:

Grassland – The majority of the current funded programme to restore open areas on Farthing Downs, New Hill, Coulsdon Common, Kenley Common and Riddlesdown is complete. This brings to an end the previous 10-year Environmental Stewardship Scheme (ESS) which started in 2011.

Scrub – This rolling project continues to manage blocks of retained scrub on Farthing Downs and restore succession on New Hill. This natural habitat work is seasonal and species varied depending on the time of year and climatic conditions.

Woodland - Tree safety management, coppicing and glade creation on Coulsdon Common, West Wickham, Spring Park and Riddlesdown. Ash dieback clearance took place on New Hill. This will enhance the natural environment whilst removing dead and dying Ash trees, creating valuable habitat for other species. This will limit the transmission of the disease to other Ash trees in the vicinity.

Ranger Presence - Increased patrols and site safety checks whilst Coronavirus restrictions remained in place ensured boundaries were secure and staff and members of the public were safe.

Kenley Revival Project - Concluded the final elements of HLF funded Kenley Revival Project and resolved conservation issues with the built heritage assets.

Riddlesdown Quarry - Concluded the safety works.

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Budget management – Achieved financial savings as required through a combination of reducing expenditure and appropriate income generation activities such as charging for parking and renting surplus properties.

Corporate Restructure - Supported the development of the City of London Corporation’s new corporate restructure (Phase 1) which created the new Environment Department within which this charity now sits.

PLANS FOR FUTURE PERIODS

The Coronavirus pandemic was still very much part of operations at the start of 2022/23. This may have an impact on income and the ability to deliver some projects in the next 12 months.

Key projects for 2022/23 include:

Staff - Following the completion of the corporate restructure (Phase1) and agreement of the new staff structure, recruit to vacant positions as agreed.

Countryside Stewardship - Establish an evidence-based monitor and review system to record the habitat management work across our sites.

Countryside Management:

Grassland - Ongoing maintenance of species-rich chalk grassland habitats through grazing and hay-cutting that satisfies prescription from Natural England and enhances and enriches biodiversity across all sites.

Woodland - Tree safety management, coppicing and glade creation. Ash dieback clearance on Kenley Common and New Hill will continue.

Events - Reinstate our programme of walks, talks and guided events which were cancelled during the Covid-19 pandemic.

Volunteers - With Covid-19 restrictions lifted, we will aim to increase volunteer numbers, hours, and profile across all sites within charities.

Trial of the Nofence ® (virtual fencing) - Continue to develop, monitor and review the use of this technology for the management of our sites. In particular, trial the technology in previously unfenced areas, managing risk and keeping partners and our local community appraised.

Budget management - Achieve financial savings as required through a combination of reducing expenditure and appropriate income generation activities. This includes a trial of a mobile catering facility on Riddlesdown Common. We will aim to seek grant

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funding from external sources and continue to review how we allocate resources generally.

Corporate Restructure - Support the development of the City of London Corporation’s new corporate restructure Phase 2.

The Trustee does not consider there to be any material uncertainty around going concern and further detail regarding this is set out on page 23.

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FINANCIAL REVIEW

Overview of Financial Performance

Income

In 2021/22 the charity’s total income for the year was £1,285,520 an overall decrease of £39,742 against the previous year (£1,325,262). The principal source of income was from City of London Corporation’s City’s Cash fund (see below).

Income from Charitable Activities comprised £58,322 from fees charged (2020/21: £16,065), £43,568 from rents (2020/21: £31,159) and £14,776 from sales (2020/21: £28,934). 2021/22 saw decreased sales of livestock. In January 2021, car parking charges were introduced at the Riddlesdown and Farthing Downs car park which resulted in an increase in fees and charges for use of facilities.

In total grant income of £116,951 was received in the year, towards programmes administered by the charities (2020/21: £154,990) (see below).

Donations – included contributions towards corporate volunteering events and for free events such as guided walks, as well as amounts donated by the public at walks and talks advertised via Eventbrite. In total £3,457 was received during the year (2020/21: £166). Donations can be made on the Farthing Downs webpage to the Farthing Downs Interpretation Improvements project. In total £2,934 was received during the year (2020/21: £nil). The full amount was held as at 31 March 2022 in a restricted fund for ‘Campaign Donations’

An amount of £1,046,052 (2020/21: £1,093,948) was received from the City of London Corporation’s City’s Cash as a contribution towards the running costs of the charities.

Expenditure

Total expenditure for the year relating to charitable activities expenditure was £1,126,927 (2020/21: £1,390,281). The decrease in expenditure is owing to a lower number of cyclical building works taking place during the year.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

Funds held

The charity’s total funds held increased by £158,593 to £574,876 as at 31 March 2022 (2020/21: decreased by £65,019 to £416,283).

A restricted fund of £2,394 (2020/21: £nil) was held at year-end. This relates to Campaign Donations for the Farthing Downs Interpretation Improvements project.

The charity’s designated funds consist of unrestricted income funds which the Trustee has chosen to set aside for specific purposes. Such designations are not legally binding, and the Trustee can decide to “undesignated” these funds at any time. Designations as at 31 March 2022 totalled £571,742 (2020/21: £416,283). The increase in designated funds relates to heritage assets additions during the year in relation to the Kenley Revival project.

A general fund of £740 (2020/21: £nil) relates to surplus unrestricted donation income received in 2021/22.

Details of all funds held, including their purposes, is set out within note 14 to the financial statements.

Reserves

The charities are wholly supported by the City of London Corporation which is committed to maintain and preserve West Wickham Common and Spring Park Wood Coulsdon and other Commons out of its City’s Cash Funds. These Funds are used to meet the deficit on running expenses on a year by year basis. Consequently, these charities have no free reserves and a reserves policy is considered by the trustee to be inappropriate.

Donations are now being sought and these may be carried forward, but there is currently no intention to hold them as a minimum amount owing to the deficit funded status of the Charity.

Principal Risks and Uncertainties

The Trustee is committed to a programme of risk management as an element of its strategy to preserve the charities assets. In order to embed sound practice the senior leadership team ensures that risk management policies are applied, that there is an ongoing review of activity and that appropriate advice and support is provided. A key risk register has been prepared for the charities, which has been reviewed by the Trustee. This identifies the potential impact of key risks and the measures which are in place to mitigate such risks.

The principal risks faced by the charities, and actions taken to manage them are as follows:

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

Risk Actions to manage risks
Reduction in
funding		 •Seek additional grant funding from Natural
England’s Countryside Stewardship Scheme,
Forestry Commission and other external sources.
•Ensure future plans are scalable and reduce costs
where necessary.
Climate and
Weather		 •Review and update plan bi-annually.
•Fire management and monitoring policies and plans
in place and link to staff training and local emergency
services.
•Storm monitoring and management policies across
all sites linked to high staff awareness and training.
•Understanding of the potential impacts of climate
change on the open spaces.
•Engagement in climate change research and
debate.
Tree Diseases and
other Pests		 •Ensure staff training is kept updated to enable
timely identification of pest and knowledge of
correct treatment/ prevention.
•Annual tree inspections undertaken through
qualified personnel.
•Active involvement with leading partners such as
Forestry Commission and Natural England.
•Measures in place for staff, volunteers and
contractors including public messages.
Local planning
issues		 •Inclusion in core strategy planning documents
where applicable.
•Close partnership working with local planning
authorities.
•Active monitoring of planning applications with
responses as appropriate.
Health & safety
failure		 •Adequate and appropriate training for staff and
volunteers - link to PDRs (all line managers).
•Links to other departmental service providers in
Natural Environment Division.
•Clear and appropriate communication.
Accelerated long
term damage to
sites		 •Rangers increased engagement with site users and
review provision of dog waste bins.
•Ranger campaigns to raise awareness of increased
footfall leading to compaction and erosion of soil
created anaerobic conditions unfavourable for plant
health.
Additional
signs,
zoning
and
public
information notices.
•Additional monitoring and ecological assessment in
areas of increased incursions into sensitive areas
e.g. trampling of delicate local ecosystems (esp. rare
_orchid sites on the chalk grassland) -_signs and
public information notices.

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Risk Actions to manage risks
•Parking charges are affecting the type/number of
visitors to sites.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

TRUSTEE’S RESPONSIBILITIES

The Trustee is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the Trustee to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the Trustee must not approve the financial statements unless the Trustee is satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustee is required to:

The Trustee is responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustee to ensure that the financial statements comply with the Charities Act 2011. The Trustee is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustee is aware:

Financial statements are published on the Trustee’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements, which may vary from legislation in other jurisdictions. The maintenance and integrity of the Trustee’s website is the responsibility of the Trustee. The Trustee’s responsibility also extends to the ongoing integrity of the financial statements contained therein.

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Adopted and signed for on behalf of the Trustee.

Henry Nicholas Almroth Colthurst, Deputy Randall Keith Anderson, Deputy Chairman of Finance Committee Deputy Chairman of Finance of The City of London Corporation Committee of The City of London Corporation Guildhall, London Guildhall, London

31 January 2023

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEE OF WEST WICKHAM COMMON AND SPRING PARK WOOD COULSDON AND OTHER COMMONS

Opinion

We have audited the financial statements of West Wickham Common and Spring Park Wood Coulsdon and Other Commons (‘the charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustee with respect to going concern are described in the relevant sections of this report.

Other information

The Trustee is responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of Trustee

As explained more fully in the Trustee’s responsibilities statement set out on page 15 and 16, the Trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustee determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustee is responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustee either intends to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011, and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the Charity operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the Charity’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. The laws and regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR), Anti-fraud, bribery and corruption legislation, Health and safety legislation, and Employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustee and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income, and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, internal audit, legal counsel and the Audit & Risk Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charity’s Trustee, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s Trustee those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not

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accept or assume responsibility to anyone other than the charity and the charity’s Trustee as a body, for our audit work, for this report, or for the opinions we have formed.

Crowe U.K. LLP

Statutory Auditor

55 Ludgate Hill, London, EC4M 7JW

31 January 2023

Crowe U.K. LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Restricted Unrestricted
Funds Funds Funds
Total Funds
Notes 2021/22 2021/22 2021/22 2020/21
£ £ £ £
Income from:
Voluntary activities 2 40,142 82,660 122,802 155,156
Charitable activities 3 116,666 - 116,666 76,158
Grant from Cityof London Corporation 4 1,046,052 - 1,046,052 1,093,948
Total income 1,202,860 82,660 1,285,520 1,325,262
Expenditure on:
Charitable activities:
Preservation and operation of West Wickham Common and
SpringPark Wood 5 1,126,927 - 1,126,927 1,390,281
Total expenditure 1,126,927 - 1,126,927 1,390,281
Net income/(expenditure) 75,933 82,660 158,593 (65,019)
Transfers between funds 80,266 (80,266) - -
Net movement in funds 156,199 2,394 158,593 (65,019)
Reconciliation of funds:
Total funds brought forward 14 416,283 - 416,283 481,302
Total funds carried forward 14 572,482 2,394 574,876 416,283

All of the above results are derived from continuing activities.

There were no other recognised gains and losses other than those shown above. The notes on pages 23 to 35 form part of these financial statements.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

BALANCE SHEET

AS AT 31 MARCH 2022

Notes 2022 2021
Total Total
£ £
Fixed assets:
Heritage assets 8 575,365 409,394
Tangible assets 9 5,957 6,889
Intangible assets 10 420 -
Total fixed assets 581,742 416,283
Current assets
Debtors 11 12,240 117,919
Cash at bank and in hand 52,151 47,208
Total current assets 64,391 165,127
Current liabilities
Creditors: Amounts fallingdue within oneyear 12 (71,257) (165,127)
Net current(liabilities)/assets (6,866) -
Total assets less current liabilities 574,876 416,283
The funds of the charity:
Restricted income funds 14 2,394 -
Unrestricted income funds 14 572,482 416,283
Total funds 574,876 416,283

The notes on pages 23 to 35 form part of these financial statements

Approved and signed on behalf of the Trustee.

Caroline Al-Beyerty

Chamberlain of London and Chief Financial Officer

31 January 2023

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items that are considered material in relation to the financial statements of the charities.

(a) Basis of preparation

The financial statements of the charities, which is a public benefit entity under FRS102, have been prepared under the historical cost convention and in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019) and the Charities Act 2011.

(b) Going concern

The financial statements have been prepared on a going concern basis as the Trustee considers that there are no material uncertainties about the charities ability to continue as a going concern. The governing documents place an obligation on the City of London Corporation to preserve the open spaces for the benefit of the public. Funding is provided from the City of London Corporation’s City’s Cash. On an annual basis, a medium-term financial forecast is prepared for City’s Cash covering the next 5 years from the period covered by these financial statements. The latest forecast anticipates that adequate funds will be available in the next 12 months from the date of these financial statements being signed to enable the charities to continue to fulfil its obligations.

In making this assessment, the Trustee has considered the potential ongoing impact of the Covid-19 pandemic and current high inflationary pressures on the financial position, including future income levels and planned expenditure and the liquidity of the charity over the next 12-month period. For this reason, the Trustee continues to adopt a going concern basis for the preparation of the financial statements.

(c) Key management judgements and assumptions

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenditure. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the result of which form the basis of decisions about carrying values of assets and liabilities that are not readily apparent from other sources. The resulting accounting estimates will, by definition, seldom equal the related actual results.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. Management do not consider there to be any material revisions requiring disclosure.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

In preparing the financial statements, management has made the following key judgements: useful economic life of fixed assets.

(d) Statement of Cash Flows

The Trust has taken advantage of the exemption in FRS102 (paragraph 1.12b) from the

requirement to produce a statement of cash flows on the grounds that it is a qualifying entity. A Statement of Cash Flows is included within the City’s Cash Annual Report and Financial Statements 2022 which is publicly available at www.cityoflondon.gov.uk.

(e) Income

All income is included in the Statements of Financial Activities (SOFA) when the charities are legally entitled to the income; it is more likely than not that economic benefit associated with the transaction will come to the charities and the amount can be quantified with reasonable certainty. Income consists of donations, charges for use of facilities, contributions, grants, sales and rental income.

The City of London Corporation’s City’s Cash meets the deficit on running expenses of the charities and also provides funding for certain capital works. This income is considered due each year end once the deficit on running expenses and capital works funding has been confirmed, and is recognised in the SOFA at this point.

(f) Expenditure

Expenditure is accounted for on an accruals basis and has been classified under the principal categories of ‘expenditure on raising funds’ and ‘expenditure on charitable activities’. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charities to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Governance costs include the costs of governance arrangements which relate to the general running of the charities as opposed to the direct management of functions inherent in the activities undertaken. These include the costs associated with constitutional and statutory requirements such as the cost of Trustee meetings.

Support costs (including governance costs) include activities undertaken by the City Corporation on behalf of the charities, such as human resources, digital services, legal support, accounting services, committee administration, public relations and premises costs. The basis of the cost allocation is set out in note 6.

The Trustee, the City Corporation, accounts centrally for all payroll related deductions. As a result, the charities account for all such sums due as having been paid. From 2021/22, the City Corporation, as Trustee, has taken a decision to seek reimbursement for the administration fees incurred from each of its charities, and these costs are included within support costs.

(g) Pension costs

Staff are employed by the City of London Corporation and are eligible to contribute to the City of London Local Government Pension Fund, which is a funded defined benefit scheme. The estimated net deficit on the Fund is the responsibility of the City of London

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

Corporation as a whole, as one employer, rather than the specific responsibility of any of its three main funds (City Fund, City’s Cash and Bridge House Estates) or the trusts it supports.

The Fund’s estimated net liability has been determined by independent actuaries in accordance with FRS102 as £832.7m as at 31 March 2022 (£919.7m as at 31 March 2021). Since any net deficit is apportioned between the financial statements of the City of London’s three main funds, the charity’s Trustee does not anticipate that any of the liability will fall on the charity. The charity is unable to identify its share of the pension scheme assets and liabilities and therefore the Pension Fund is accounted for as a defined contribution scheme in these financial statements.

Barnett Waddingham, an independent actuary, carried out the latest triennial actuarial assessment of the scheme as at 31 March 2019, using the projected unit method. The 31 March 2022 valuation is being carried out in 2022/23 and must be finalised before 31 March 2023, which will set contribution rates for the period 01 April 2023 to 31 March 2026. Contribution rates adopted for the financial years 2020/21, 2021/22 and 2022/23 have been set at 21% (2019/20: 21%).

(h) Taxation

The charities meets the definition of a charitable trust for UK income tax purposes, as set out in Paragraph 1 Schedule 6 of the Finance Act 2010. Accordingly, the charities are exempt from UK taxation in respect of income or capital gains under part 10 of the Income Tax Act 2007 or section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

(i) Fixed Assets

Heritage Land and Associated Buildings

West Wickham Common and Spring Park Wood Coulsdon and other Commons comprises 277 hectares (685 acres) of land located in the London Boroughs of Bromley and Croydon, together with associated buildings. The objects of the charities are the preservation of West Wickham Common and Spring Park Wood Coulsdon and other Commons in perpetuity as an Open Space for the recreation and enjoyment of the public. West Wickham Common and Spring Park Wood Coulsdon and other Commons is considered to be inalienable (i.e. they may not be disposed of without specific statutory powers).

Land and the original associated buildings are considered to be heritage assets. In respect of the original land and buildings, cost or valuation amounts are not included in these financial statements as reliable cost information is not available and a significant cost would be involved in the reconstruction of past accounting records, or in the valuation, which would be onerous compared to the benefit to the users of these accounts

Additions to the original land and capital expenditure on buildings and other assets are included as fixed assets at historic cost, less provision for depreciation and any impairment, where this cost can be reliably measured.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

Tangible fixed assets

Assets that are capable of being used for more than one year and have a cost greater than £50,000 are capitalised. Such assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is charged from the year following that of acquisition, on a straight-line basis, in order to write off each asset over its estimated useful life as follows. Land is not depreciated.

over its estimated useful life as follows. Land is not depreciated
Years
Infrastructure up to 20
Heavy vehicles and plant 5

Intangible fixed assets

Intangible assets comprise website design relating to the Kenley Revival project which are capitalised at cost and reflected within the financial statements at amortised historic cost.

Amortisation is calculated by allocation of the balance sheet value of the asset, less any residual value, to the periods expected to benefit from its use on a straight-line basis over 3 to 7 years. Amortisation charges are charged to the SOFA.

(j) Stocks

Stocks are valued at the lower of cost or net realisable value. All stocks are finished goods and are held for resale as part of the charities operations.

(k) Cash

Cash and cash equivalents include cash in hand, overdrafts (if any) and short term deposits and other instruments held as part of the Corporation’s treasury management activities with original maturities of three months or less.

(l) Funds structure

Income, expenditure and gains/losses are allocated to particular funds according to their purpose:

Restricted funds – These include income that is subject to specific restrictions imposed by donors, with related expenditure deducted when incurred.

Unrestricted income funds – these funds can be used in accordance with the charitable objects at the discretion of the Trustee and include both income generated by assets held representing unrestricted funds. Specifically, this represents any surplus of income over expenditure for the charities which is carried forward to meet the requirements of future years, known as free reserves.

Designated funds – these are funds set aside by the Trustee out of unrestricted funds for a specific purpose.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

(m) Insurance

The charity, elected Members and staff supporting the charity’s administration are covered by the City Corporation’s insurance liability policies, and otherwise under the indemnity the City Corporation provides to Members and staff, funded from City’s Cash.

2. INCOME FROM VOLUNTARY ACTIVITIES

Unrestricted Restricted Total Unrestricted
income funds income funds 2021/22 income funds
2020/21
£ £ £ £
Grants 36,685 80,266 116,951 154,990
Donations andlegacies
3,456		 2,394 5,850 166
Total 40,142 82,660 122,802 155,156

3. INCOME FROM CHARITABLE ACTIVITIES

----- Start of picture text -----
Unrestricted Unrestricted
income funds income funds
2021/22 2020/21
£ £
Charges for use of facilities 58,322 16,065
Sales 14,776 28,934
Rental income 43,568 31,159
Total 116,666 76,158
----- End of picture text -----

4. INCOME FROM THE CITY OF LONDON CORPORATION

----- Start of picture text -----
Unrestricted Unrestricted
income funds income funds
2021/22 2020/21
£ £
Revenue and capital grants from City of London Corporation 1,046,052 1,093,948
----- End of picture text -----

Income for the year included:

Grants – being amounts received from organisations towards programmes operated by the charity. Grant income includes a government grant received from the Rural Payment Agency (RPA) which provides funding to farmers and land managers to farm in a way that supports biodiversity, enhances the landscape, and improves the quality of water, air and soil. There are no unfulfilled conditions or other contingencies relating to this grant income and no other forms of government assistance have been received in the year.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

Other grant income is from Heritage Lottery Fund towards the Kenley Revival Project which aims to conserve the historic airfield structures associated with Kenley Airfield during World War II and to promote the heritage resource to make it accessible to a wider range of people.

Donations – being amounts received from the public for walks and talks advertised via Eventbrite. Donations can be made on the Farthing Downs webpage, to the Farthing Downs Interpretation Improvements project.

Contributions – being amounts contributed towards corporate volunteering events and by the public towards free events such as guided walks.

Charitable activities – being amounts generated from the sales of livestock and woodland products such as timber and charcoal; from charges made for the use of facilities, such as for car parking, for filming on City Commons and from rental of catering facilities, licence fees and wayleave licences.

Grants from the City of London Corporation – being the amount received from the City of London Corporation’s City’s Cash to meet the deficit on running expenses of the charities, alongside funding for capital purchases.

5. EXPENDITURE

----- Start of picture text -----
Direct Support Total Direct Support Total
costs costs 2021/22 costs costs 2020/21
£ £ £ £ £ £
Preservation and operation of West
Wickham Common and Spring Park Wood 945,897 181,030 1,126,927 1,218,100 172,181 1,390,281
----- End of picture text -----

Charitable activity

Expenditure on the charitable activities includes labour, premises costs, equipment, materials and other supplies and services incurred in the running of West Wickham Common and Spring Park Wood Coulsdon and other Commons.

Auditor’s remuneration and fees for other services

Crowe U.K. LLP are the auditors of the City of London’s City’s Cash Fund and provide assurance services to all of the different charities of which it is Trustee. The City of London Corporation charges the audit fee to its City’s Cash Fund. From 2021/22, the City Corporation, as Trustee, has taken a decision to seek reimbursement for the audit fee incurred from each of its charities. In 2021/22 an audit fee of £5,000 was recharged (2020/21: £nil). No other services were provided to the charity by its auditors during the year (2020/21: £nil).

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

6. SUPPORT COSTS

Support costs include activities undertaken by the City of London Corporation on behalf of the charities, such as human resources, digital services, legal support, accounting services, committee administration and premises costs. Such costs are determined on a departmental basis, and are allocated on a cost recovery basis to the charities based on time spent, with associated office accommodation charged proportionately to the space occupied by the respective activities, with the split of costs as follows:

Support costs

Support costs
Charitable
activities Governance 2021/22 2020/21
£ £ £ £
Department:
Chamberlain 37,332 - 37,332 36,821
Comptroller & City Solicitor 6,684 - 6,684 -
Town Clerk - 21,146 21,146 25,006
City Surveyor 31,315 - 31,315 38,091
Open Spaces directorate 40,842 - 40,842 27,342
Other governance & support costs 9,493 5,000 14,493 9,904
Digital Services 29,218 - 29,218 35,017
Sub-total 154,884 26,146 181,030 172,181
Reallocation of governance costs 26,146 (26,146) - -
Total support costs 181,030 - 181,030 172,181

All support costs are undertaken from unrestricted funds. Governance costs are allocated based on a proportion of officer time spent on the administration of Trustee and Committee related meetings.

7. DETAILS OF STAFF COSTS

All staff that work on behalf of the charities are employed by the City Corporation. The average number of people directly undertaking activities on behalf of the charities during the year was 13 (2020/21: 13).

Amounts paid in respect of employees directly undertaking activities on behalf of the charities were as follows:

2021/22 2020/21
£ £
Salaries and wages 373,470 392,541
National Insurance costs 37,659 39,095
Employer'spension contributions 89,351 88,627
Total emoluments of employees 500,480 520,263

The number of directly charged employees whose emoluments (excluding employer’s NI and pension contribution) for the year were over £60,000 was £nil (2020/21: £nil).

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

Remuneration of Key Management Personnel

The charities considers its key management personnel to comprise the Members of the City of London Corporation, acting collectively for the City Corporation in its capacity as the Trustee, and the Director of Natural Environment who manages the seven open spaces funded by the City of London Corporation. A proportion of the Directors’ employment benefits are allocated to these charities.

Support is also provided by other chief officers and their departments from across the City of London Corporation, including the Town Clerk and Chief Executive, Chamberlain, Comptroller and City Solicitor and City Surveyor.

The amount of employee benefits received by key management personnel totalled £7,315 (2020/21: £4,905). The members of the Finance Committee of the City of London Corporation are not remunerated and expenses are not reimbursed for acting on behalf of the Trustee during 2021/22 (2020/21: nil).

8. HERITAGE ASSETS

Cost
At 1 April
Additions
Transfers		 2018
2019
2020
2021
2022
£
£
£
£
£
-
418,248
462,673
463,341
409,394
324,094
44,425
668
89,053
165,971
94,154
-
-
-
-
At 31 March
Depreciation
At 1 April
Charge for the year
Impairment
At 31 March		 418,248
462,673
463,341
552,394
575,365
-
-
-
-
-
-
-
-
-
-
-
-
-
143,000
-
-
-
-
143,000
-
Net book value
At 31 March 2022 418,248
462,673
463,341
409,394
575,365
At 31 March 2021 -
418,248
462,673
463,341
409,394

Heritage assets represent the historic cost of restoring the blast pens on Kenley airfield.

Since 1892 the primary purpose of the charities has been the preservation of West Wickham Common and Spring Park Wood Coulsdon and other Commons for the recreation and enjoyment of the public. As set out in note 1(i), the original heritage land and buildings are not recognised in the Financial Statements. Policies for the preservation and management of West Wickham Common and Spring Park Wood Coulsdon and other Commons are contained in the West Wickham Common and Spring Park Wood Coulsdon and other Commons Conservation Plans. Records of heritage assets owned and maintained by West Wickham Common and Spring Park Wood Coulsdon and other Commons can be obtained from the Executive Director Environment at the principal address as stated on page 36.

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

9. TANGIBLE FIXED ASSETS

Infrastructure Infrastructure Plant Total
£ £ £
Cost
At 1 April 2021 730 8,955 9,685
At 31 March 2022 730 8,955 9,685
Depreciation
At 1 April 2021 110 2,686 2,796
Charge for the year 36 896 932
Disposals - - -
At 31 March 2022 146 3,582 3,728
Net book value
At 31 March 2022 584 5,373 5,957
At 31 March 2021 620 6,269 6,889

10. INTANGIBLE FIXED ASSETS

Website
development
£
Cost
At 1 April 2021 28,700
Additions 420
At 31 March 2022 29,120
Depreciation
At 1 April 2021 28,700
Charge for the year -
At 31 March 2022 28,700
Net book value
At 31 March 2022 420
At 31 March 2021 -

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

11. DEBTORS – AMOUNTS DUE WITHIN ONE YEAR

Rental debtors
Recoverable VAT
Other debtors
Total		 2022
2021
£
£
514
223
7,099
9,036
4,627
108,660
12,240
117,919

Other debtors consist of a listed payment in advance of £4,627 (2020/21: £4,601). The 2020/21 other debtors included a sundry debtor of £104,049 from the Heritage Lottery Funding (HLF) in respect of the Kenley Revival project and non-property related debtors of £10.

12. CREDITORS – AMOUNTS DUE WITHIN ONE YEAR

Trade creditors
Accruals
Deferred income
Sundry deposits
Other creditors
Total		 2022
2021
£
£
16,238
1,459
9,836
105,922
9,208
9,293
31,164
36,009
4,811
12,444
71,257
165,127

Other creditors consist of sundry creditors. Deferred income relates to rental income received in advance for periods after the year-end.

2022 2021
Deferred income analysis within creditors: £ £
Balance at 1 April 9,293 9,446
Amounts released to income (9,293) (9,446)
Amounts deferred in theyear 9,208 9,293
Balance at 31 March 9,208 9,293

13. ANALYSIS OF NET ASSETS BY FUND

At 31 March 2022 Unrestricted income funds Unrestricted income funds Restricted
General Designated funds Total at 31 Total at 31
funds funds March 2022 March 2021
£ £ £ £ £
Heritage assets - 575,365 - 575,365 409,394
Tangible assets - 5,957 - 5,957 6,889
Intangible assets - 420 - 420 -
Current assets 71,997 (10,000) 2,394 64,391 165,127
Current liabilities (71,257) - - (71,257) (165,127)
Total 740 571,742 2,394 574,876 416,283

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

At 31 March 2021 Unrestricted income funds Unrestricted income funds Restricted
General Designated funds Total at 31 Total at 31
funds funds March 2021 March 2020
£ £ £ £ £
Heritage assets - 409,394 - 409,394 463,341
Tangible assets - 6,889 - 6,889 7,821
Intangible assets - - - - 10,140
Current assets 165,127 - - 165,127 129,843
Current liabilities (165,127) - - (165,127) (129,843)
Total - 416,283 - 416,283 481,302

14. MOVEMENT IN FUNDS

Total as at 1 Total as at 1 Total as at 31 Total as at 31
At 31 March 2022 April 2021 Income Expenditure Transfers March 2022
£ £ £ £ £
Restricted funds:
Kenley Revival Project -
80,266		 - (80,266) -
Campaign Donations - 2,394 - - 2,394
Total restricted funds -
82,660		 - (80,266) 2,394
Unrestricted funds:
General funds - 1,125,535 (1,124,795) - 740
Designated funds:
Capital reserve funds 416,283 77,325 (2,132) 80,266 571,742
Total funds 416,283 1,285,520 (1,126,927) -
574,876
Total as at 1 Total as at 31
At 31 March 2021 April 2020 Income Expenditure March 2021
£ £ £ £
Unrestricted funds:
General funds - 1,236,209 (1,236,209) -
Designated funds:
Capital reserve funds 481,302 89,053 (154,072) 416,283
Total funds 481,302 1,325,262 (1,390,281) 416,283

Purposes of restricted funds

The restricted fund for ‘Campaign Donations’ represents funds received from the public through donations. From March 2021 a donations page has been created on the Farthing Downs webpage, inviting and enabling the public to make on-line donations to

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

the Farthing Downs Interpretation Improvements project. In total £2,394 was received during the year (2020/21: £nil).

Purposes of general funds

A general fund of £740 (2020/21: £nil) relates to surplus unrestricted donation income received in 2021/22.

Purposes of designated funds

Designated funds have been set aside by the Trustee for the following purposes in relation to the Kenley Revival project:

The Kenley Revival project aims to conserve the historic airfield structures associated with Kenley Airfield during World War II and to promote the heritage resource to make it accessible to a wider range of people.

15. RELATED PARTY TRANSACTIONS

The City Corporation is the sole Trustee of these charities, as described on page 2. The City Corporation provides various services, the costs of which are recharged to the charities. This includes the provision of banking services, charging all transactions to the charities at cost and crediting or charging interest at a commercial rate. The cost of these services is included within expenditure, as set out in note 5.

The charity is consolidated within the accounts of City’s Cash, a fund of the City of London Corporation (the City Corporation, the Corporate Trustee of the charity), by virtue of the deemed control arising from the provision of the shortfall between the charity’s income and expenditure by City’s Cash, whose place of business is Guildhall, London EC2P 2EJ. The principal purpose of City’s Cash is to manage its investments in properties, stocks and shares to provide returns which allows the City Corporation to

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

use the income for the provision of services that are of importance to the City and Greater London as well as nationally and internationally, and to maintain the asset base so that income will be available to fund services for the benefit of future generations. The financial statements of City’s Cash can be obtained from the address provided above.

The charities are required to disclose information on related party transactions with bodies or individuals that have the potential to control or influence the charities. Members are required to disclose their interests, and these can be viewed online at www.cityoflondon.gov.uk.

Members and senior staff are requested to disclose all related party transactions, including instances where their close family has made such transactions.

Figures in brackets represent the amounts due at the balance sheet date. Other figures represent the value of the transactions during the year.

Related Connected party party 2021/22 2020/21 Detail of transaction £ £ The City of The City of London CorLondon Corporation's City's Cash City of Lonporation is the meets the deficit on rundon CorporaTrustee for the ning expenses of the tion charity 1,046,052 1,093,948 charity (nil) (nil) Administrative services 181,030 172,181 provided for the charity (nil) (nil)

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West Wickham and Coulsdon | Annual Report and Financial Statements 2021/22

REFERENCE AND ADMINISTRATION DETAILS

CHARITY NAMES: West Wickham Common and Spring Park Wood Coulsdon and other Commons

Registered charity numbers: 232988 and 232989

PRINCIPAL OFFICE OF THE CHARITIES & THE CITY CORPORATION:

Guildhall, London, EC2P 2EJ

TRUSTEE:

The Mayor and Commonalty & Citizens of the City of London

SENIOR MANAGEMENT:

Chief Executive

John Barradell OBE - The Town Clerk and Chief Executive of the City of London Corporation (retired 31 December 2022)

Treasurer

Caroline Al-Beyerty - The Chamberlain and Chief Financial Officer of the City of London Corporation

Solicitor

Michael Cogher - The Comptroller and City Solicitor of the City of London Corporation

Environment Department

Juliemma McLoughlin – Executive Director of Environment (appointed 2 August 2021)

Colin Buttery – Director of Open Spaces (retired 31 October 2021)

AUDITORS:

Crowe U.K. LLP, 55 Ludgate Hill, London, EC4M 7JW

BANKERS:

Lloyds Bank Plc., P.O.Box 72, Bailey Drive, Gillingham Business Park, Kent ME8 0LS

Contact for The Chamberlain, to request copies of governance documents & of the Annual Report of City’s Cash:

PA-DeputyChamberlain@cityoflondon.gov.uk

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