## TOWN LANDS CHARITY CHEDDINGTON Registered Charity[No.][235076] ## ANNUAL REPORT AND ACCOUNTS for the year ended[31] March[2012] General lnfonnation Trustees' Repofl Independent Examiner's Report Receipts and PaymentsAccount Statement of Assets and Liabilities Notes to the Accounts 1» ## TOWN LANDS CHARITY,CHEDDINGTON GENERAL INFORMATION |Charity RegistrationNumber:|Charity RegistrationNumber:|235076|| |---|---|---|---| |GoverningInstrument :||Trust Deed dated 24 May 1895|| |Trustees :||Ex-Offcio
: The Rector :|ML A Krauss| |||Churchwardens :|MrsL Knappitl (resigned January 2022)| ||||vacant| |||Representative :|MrsP Banister| ||||MissC Fee| ||||MrM Watson| |Secretary :||MissC Fee|| |Treasurer|1|MrM Watson|| |Address :||The Chase. Chaseside Close|| |||Cheddingmn|| |||LeightonBuzzard|| |||Beds LU7 OSA|| |Bankers :||Barclays Bank plc|| |||2 Market Square|| |||LeightonBuzzard|| |||BedsLU7 IE2|| |InvestmentAdvisers:||BarclaysBankple|| |||Charities lnvesnnent Team|| |||1 Churchill Place|| |||London E14 SHP|| |Independent Examiner:||Tracey Ells|| |||Cams Bam' Elsage Court|| |||Church Lane|| |||Cheddington|| |||LeightonBuzzard|| |||Beds LU7ORU|| Page I ## TOWN LANDS CHARITY,CHEDDINGTON ## TRUSTEES' REPORT ## OBJECTS The Charity was set up by a Trust Deed dated 24 May 1895. One-third of[its] net income[is] designated as[the][Church] Charity, to support[the][Parish Chiuch] of Cheddington;[the][other two»thirds][ are][designated as the][Town Charity, half][ of] which is utilised for the assistance of[the] poor and needy of the Parish[with][the][remainder] being[allocated][for] public[village.] purposes[within][ the] ## REPORT FOR THE YEAR |General|The Representative Trustees are appointed by the Parish Council for terms of four years.
The
Trustees who served timing the year are shown on page
1 ofthis report, The Trustees met four| |---|---| ||times during theyear.| |Responsibilities:|The Trustees are responsible for keeping accounting records which disclose with reasonable
accuracy the fnancial position ofthe charity and which enable them to ensure that the fnancial
statements comply with the Charities Acts. They arealso responsibleforsafeguardingthe assetsof
the charity and hence taking reasonable steps for the prevention and detection of fraud and other
irregularities. When a new trustee is required,recommendationsaresought and the potential oustee
invited to a Trustee meeting.
New trustees are made aware of their responsibilities under the
Charities Acts by reference to material published by the Charity Commission. The Trustees have
had due regard to guidance published bythe Charity Commission onpublic beneft.| |Finance:|Barclays Bank plccontinuedas investment advisors andmanagers during the year to 31 March
2022. The Trustees continuedto take an active interestin the performanceofthe portfolio of| ||investments and a representativeofthe advisers attended a video call on November 15th. 2021.
Based an advice from Barclays the investments continue to be held in the Barclays CharityFund| ||which offers a higher return and lower fees. The Fundis categorisedas moderaterisk with a 10| ||yeartime horizon.
Investment income for the year was £21,053(2021 £23,151).TheTrusteescontinuedto meetvalid| ||grant requests duringthe yeari| |Church Charity:|£7,800 (2021: £7,900) has been donatedto St Giles Church to assist with the upkeepand operation| |---|---| ||ofthe Church.| |Public Purposes:|A total of£3,019 (2021: £1,844) in grants has been made, Signifcant benefciaries included the| ||Village Hall(£ 1,719) to subsidise the use ofthe hall by local groups and the Summer Playscheme| ||(£|,300)| |GeneralBeneft:|Grants totalling £7,302 (202i :£8,678) were made during the year, £6,800: 94%)ofthegrants
made(2021
: £8,700: 93%) werefor educational assistance,with the balance being grants for| ||hospital trmsport as approved bythe Trustees.| |Reserves:|The Trustees have a policyofmeeting requests for grants as far as reserves permit. They normally
tryto carry at least one year's average expenditure in reserves, both to meet unplanned calls on the
charity's incomeandto covernormalrequests when investment returns fall. As at 31 March 2022| ||cash reserves are 15.6months' average expenditure(202i: 12.5 months).| > C Fee (on[behalf] of[the ] Trustees) Date: 5th July 2022 ## ) CHARITY COMMISSION on[the] Independent examiner's report FOR ENGLAND AND WALES accounts |Reporttothe trustees]
members of|Town LandsTrust|| |---|---|---| |Onacnniints for the wear
ended|I 315‘July2022
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charity (the Trust') for the year ended 31 l 02 I 2022.
“a “M“untscf the a c c|| |Responsibilities and
basisof report|Asthecharity‘strustees,you areresponsible forthepreparation ofthe
accounts in accordance withtherequirements oftheCharitiesAct 2011|| ||('the Ac ”).|| ||I report In respect ctmyexamination orthe Trust's accounts cameoout
under section 145 ofthe 2011 Actand in carrying out myexamination,
1
havefollowed alltheapplicable Directionsgiven bythe Charity Commission|| ||under section 145(5)(b) oftheAct.|| Responsibilities and As the charity‘s trustees, you are responsible for the preparation of the basis of report accounts[in] accordance with the requirements of the Charities Act 2011 ('the[Ac][”).] Inflnnnndnnt i have completed my.examination i confirm that no material matters have .....-,.-.._..... examiner's statement come to my attention[in] connection[with] the examination[which] gives me cause to[believe that][in,] any[material ] respect: - the accounting records were not kept[in] accordance[with] section[130] of the Charities Act; or - the accounts[did] not accord[with] the accounting records; or the accounts did not comply[With] the applicable requirements concerning the[form] and content[of] accounts set[out][in][ the][ Charities] (Accounts and Reports) Regulations[2008 other than] any requirement that the accounts give a ‘true and fair view which[is] not a matter considered as part of an independent examination. > i have lIU uuiiwriis and have cum: auiuss no uiiiei iiiaiieis Ill connection > with the examination to which attention should be drawn[in] this report[in] order to enable a proper understanding of the accounts to be reached. Signed: Date: 5m July 2022 Name: Tracey[Els] W Relevant professional qualification(s) or body (if any): Address: Cairns Barn Elsage Court Church Lane Cheddington[LU7][ORU] Oct 2018 1IER (3%»; “3 i ## Section[B] ## Disclosure Only complete[if] the examiner needs to highlight material matters[of] concern (see 0032, independent[examination][ of] charity[accounts:][direciions and] guidance[for] examiners). > Give here brief details of any[items that the] examiner wishes to disclose. Oct 2018 2IER 9466 3,1 ## TOWN LANDS CHARITY, CHEDDINGTON ## RECEIPTS AND PAYMENTS ACCOUNT for the year ended[31] March[2022] |||||2022|||2021| |---|---|---|---|---|---|---|---| ||Note||||||| |||General|Church|Town Charity||Total|Total| |RECEIPTS||Fund|Charity|Beneft|Public|Funds|Funds| |Incomefrom investments|2|21,051|-|-|-|21,051|23,145| |Deposit accountinterest||I|-|0|1|2|6| |Grasskeep, wayleaves,etc||1,700|-|-|-|1,700|1,813| |Other income: Tax refmd||-|-|-|—|-|-| |Interest received||.|.|.|.|.|.| |||22,751|-|0|1|22,753|24,964| |Investment Sales||2,764|-|-|-|2,764|-| |||25,5]6|-|0|1|25,517|24,964| |Less: PAYMENTS|||||||| |Charitable expenditure||-|7,800|7,301|3,019|18,120|10561| |Investment Managementcosts||2,487|-|-|-|2,487|2,168| |Overheads|3|361|-|-|-|361|44| |Fund prepayment||-|.|.|.|_|.| |||2,848|7,800|7,301|3,019|20,967|12.773| |Investment Purchases||.|-|.|.|,|.| |||2,848|7,800|7,301|3,019|20,967|12,773| |Net Receipts/(Payments) for|year|22,668|(7,800)|(7,301)|(3,017)|4,550|12,191| |Distributionofnet receipls||(23,400)|7,800|7,800|7,800|-|| |Transfer between funds||-|~|2,000|(2,000)|-|-| |Balance brought forward||5,765|-|2,421|11,223|19,409|13,512| |Balance carried forward|6|5,033|-|4,920|14,005|£ 23,959|25,703| Page[4] ## TOWN LANDS CHARITY, CHEDDINGTON > STATEMENT OF ASSETS AND LIABILITIES for the year ended 31 March 2022 ||||Notes|31/03/2022|“(03/2021| |---|---|---|---|---|---| |FIXED ASSETS|||||| |Land||||40,000|40,000| |Investments||||834,776|790,908| |||||6|£830,908=| |CURRENT ASSETS|||||| |Bank accounts:|Tmstees|||5.033|5,765| ||General beneft|||4,920|2,42}| ||Public purposes|||14005|1 1,223| |||||£23 959
.___:_.|£19 409| |CURRENT LIABILITIES|||||| |Accrued charges||||£0|£0| |TOTALNET ASSETS||||£898,735|£850,317| ||:||||| |I,|||||| |MWatson /,/V/'L|||||| |P Banister fx|EAwok L|Trustees|||| Dale: 51h July 2022 Page[5] ## TOWN LANDS CHARITY, CHEDDINGTON NOTES TO THE ACCOUNTS for the year ended[31] March 2022 ## ACCOUNTING POLICIES The accounts are prepared on a Receipts and Payments basis. so[that ] they are a[record][ of] money[received][ and][paid] in the financial year, and amounts owing to or by the Charity are not included[in][the] figures.[Such] amounts are shown separately in the Statement of Assets and Liabilities,[which records ] significant possessions[and outstanding] liabilities at the end of the financial yeari The Trustees confirm that these[financial ] statements comply[with][the] legal requirements appropriate[to][small charities.] |INVESTMENT INCOME||2022||2021| |---|---|---|---|---| |Dividends and interest arisinginyear||21,053||23,151| ||£|21053|£|23,151| |OVERH EADS||2022||2021| |Independent examiner‘s remuneration||-||—| |Legal fees||-||-| |Sundry Expenses||2,848||2,212| ||£|2,848|f,|212| ## LAND The Charity owns 23 hectares of agricultural land, which[is] rented[for] agricultural use. The last professional valuation was in 1999. The Trustees reconsidered the value[in] October 2013 and[decided that ] a[revised ] existing use valuation off/10,000 should be used in the Statement of Assets and Liabilities ## INVESTMENTS Investments are handled by Barclays Bank plc (Charities Investment Team) on[behalf][ of][the Trust.] The investments held at the yearend are: |The investments held at theye|arendare:||||||| |---|---|---|---|---|---|---|---| ||||2022||||2021| |||||Market||Ma rket|| ||||Cost|Value|Cost||Value| |Barclays Charity Fund|||681,015|834,776|683,301||790,903| ||||£681,015|55334776|£683,301|£790,908|| ||||||2022||202 1| |BANK ACCOUNTS|Trustees||Beneft|Public|Total||Total| |Current accounts|1,199||278|302|1,779||559| |Deposit accounts|1,95|1|4,642|13,703|20,296||17,243| |Dealing accounts|1,884||-|-|1,884||1,606| ||5,033||4,920|14,005|1; 23,959|£|19,409| Page[6] ## TOWN LANDS CHARITY, CHEDDINGTON ## NOTES TO THE ACCOUNTS > for the yenr ended 3| March 2022 |ACCRUED|CHARGES|2022|2021| |---|---|---|---| |Independent|examinationfee||| ## TRUSTEES' EXPENSES Nune ofthe trustees received any income[fi'om][the] charity[in][the] year (202[1:] none). Page[7]