## TOWN LANDS CHARITY CHEDDINGTON 

RegisteredCharity[No. 235076] 

## ANNUAL REPORT AND ACCOUNTS for the year ended[31] March 2025 

General Information Trustees' Report Independent[Examiner's ] Report ...................................... Receipts and Payments[Account] Statement of Assets and Liabilities Notes to the Accounts ...................................... 



TOWN LANDS CHARITY, CHEDDINGTON 

## GENERAL INFORMATION 

|Charity|Registration Number:|235076||
|---|---|---|---|
|Governing Instrument :||Trust Deed dated 24May 1895||
|Trustees|:|Ex-Ofcio<br>: The Rector :|Mr A Krauss|
|||Churchwardens :|Mr A Shepheard|
||||vacant|
|||Representative :|MrsP Banister|
||||MissC Fee|
||||Mr M Wamon|
|Secretary :||Miss CFee||
|Treasurer :||MrM Watson||
|Address|:|TheChase, Chaseside Close||
|||Cheddington||
|||LeightonBuzmrd||
|||Beds LU7 OSA||
|Bankers|:|Barclays Bank plc||
|||2Market Square||
|||LeightonBuzzard||
|||Beds LU7 lEZ||
|Investment Advisors :||Barclays Bankplc||
|||Charities InvestmentTeam||
|||1 Churchill Place||
|||London E14 SHIP||
|Independent Examiner:||Tracey Ells||
|||CamsBarn' Elsage Court||
|||ChurchLane||
|||Cheddington||
|||LeightonBuzzard||
|||Beds LU7 ORU||



Page 1 



## 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][Church][ of][ Cheddington;][the][other two-thirds][are designated as the][Town Charity,][ halfof] which is utilised for the assistance of[the] poor[and] needy[of][ the][Parish][with][the][remainder][being][allocated][for public] purposes[within the village.] 

## REPORT FOR THE[YEAR] 

|General|The Representative Trustees are appointed by the Parish Council for terms offour years.<br>The<br>Trustees who served during the year are shown on page<br>1 ofthis report. The Trustees met four|
|---|---|
||times during the year.|
|Responsibilities:|The Trustees are responsible for keeping accounting records which disclose with reasonable<br>accuracy the fnancial position ofthe charity and which enable them to ensure that the fnancial<br>statements complywith the Charities Acts. They arealso responsible for safeguarding the assetsof<br>the charity and hence taking reasonable steps for the prevention and detectionoffraud and other<br>irregularities. Whena newtrustee is required, recommendations are sought and the potential trustee<br>invited to a Trustee meeting.<br>New trustees are made aware of their responsibilities under the<br>Charities Acts by reference to material published by the Charity Commission. The Trustees have<br>had due regard to guidance published bytheCharityCommission on public beneft.|
|Finance:|BarclaysBankplccontinuedasinvestment advisors andmanagersduring the year to 31 March<br>2025. The Trustees continued totakeanactive interest in the performanceofthe portfolioof|
||investments and a representativeof the advisors attendedavideo call on November xxnd, 2024.<br>Based on advice from Barclays theinvestments continue to be held in the Barclays Charity Fund<br>which offers a higher return and lower fees. The Fund is categorisedas moderate risk with a 10|
||yeartime horizon.<br>Investment income for the year was £24,434 (2024£24,434) and rental incomeof£1,800 (£1,800).<br>The Trustees continued to meetvalidgrant requests duringtheyear.|
|Church Charity:|£6500(2024:556.500)has been donated to St Giles Church to assist with the upkeep and operation|
||ofthe Church.|
|PublicPurposes:|A total of £11,546 (2024 10,63 8) in grants has been made.<br>Signifcant benefciaries includec<br>cotribution to restorationofScout Hut(£xx),theVillageHall subsidy (:6 xxx) to subsidise the use 01|
||the hall by local groups and theMethodist Church WIndows repair (£xxx).|
|GeneralBenefit:|Grants totalling £7,837 (2024: £7,837) weremadeduringtheyear. £xxx for educational<br>assistance, £xxx being grantsforhospital transportas approved by the Trustees.|
|Reserves:|The Trustees have a policyofmeeting requests forgrantsas far as reserves permit. They normally<br>tryto carryat least one year's average expenditure in reserves, both to meet unplanned calls on the<br>charity's income and to covernormal requests when investment returns fall. As at 31 March 2025<br>cash reserves are 14.0 months‘ average expenditure (2024: 14.0 months).|
|C Fee||
|(onbehalfoftheTrustees)<br>Date:March-2024<br>[69/<br>/l(c“$‘* CDC/how a©&5’||



Page[2] 



## INDEPENDENT EXAMINERS REPORT TO THE[TRUSTEES] OF[THE] 

## TOWN LANDS CHARITY, CHEDDINGTON 

> I report to the charity trustees on my examination of the accounts of the charity[for the ] year[ended][ 31][March] 2025 which are set out on pages 4 to[7.] 

Responsibilities and[basis][of ] report 

As the charity’s trustees you are responsible[for] the preparation of[the][accounts][in][accordance][with][the] requirements of[the Charities Act][ 2011] ('the Act'). 

> I report in respect of my examination of the charity's accounts carried out[under section][145][ of][the Act and in] carrying out my[examination][I][ have followed all the] applicable[Directions given by the][Charity Commission] under section 145(5)(b) of the Act. 

## Independent[examiner's statement] 

> I have completed my examination. I confirm that no material matters[have] come to my[attention][in] connection with the examination giving me cause to[believe that][in ] any[material ] respect: 

> 1. accounting records were not kept in respect of the charity as required by section[130] of[the ] Act; or 

> 2. the accounts do not accord with those records 

> I have no concerns and have come across no other matters[in][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. 

M676”[ZU7][mu] fida.”@2me fin», 155;; 66 /U’L7 ()(gap/A2 

> [’LS] Date .....[H3”) 10)] 

Page[3] 



## TOWN LANDS CHARITY, CHEDDINGTON 

## RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31 March 2025 

|||||2025|||2024|
|---|---|---|---|---|---|---|---|
||Note|||||||
|||General|Church|Town Charity||Total|Total|
|RECEIPTS||Fund|Charity|Beneft|Public|Funds|Funds|
|Income from investments|2|25,329|-|—|—|25,329|24,233|
|Deposit accountinterest||89|-|93|80|263|201|
|Grasskeep, wayleaves, etc||1,800|-|-|-|1,800|1,800|
|Other income: Tax refund||-|-|-|-|-|-|
|Interest received||-|—|-|-|-|-|
|||27,218|—|93|80|27,391|26,234|
|InvestmentSales||2,613|-|-|—|2,613|2,360|
|||29,831|-|93|80|30,005|28,594|
|Less: PAYMENTS||||||||
|Charitable expenditure||-|10,000|5,938|11,546|27,483|24,976|
|InvestmentManagementcosts||2,480|-|-|-|2,480|2,340|
|Overheads|3|3,043|-|-|-|3,043|805|
|Fund prepayment||-|-|-|-|-|_|
|||5,523|10,000|5,938|11,546|33,006|28,121|
|InvestmentPurchases||-|-|-|-|-|-|
|||5,523|10,000|5,938|11,546|33,006|28,121|
|Net Receipts/(Payments) for|year|24,309|(10,000)|(5,844)|(11,466)|(3,001)|473|
|Distributionofnet receipts||(30,000)|10,000|10,000|10,000|-|-|
|Transfer between funds||-|-|-|-|-|-|
|Balance brought forward||10,708|-|4,001|7,868|22,578|22,104|
|Balance carried forward|6|5,016|-|8,157|6,403|:6 19,576|£ 22,577|



Page[4] 



## TOWN LANDS CHARITY, CHEDDINGTON 

> STATEMENT OF ASSETS AND LIABILITIES 

> for the year ended 31 March 2025 

||fo|r the yearen|ded 31 Ma|rch2025||
|---|---|---|---|---|---|
||||Notes|31/03/2025|31/03/2024|
|FIXED ASSETS||||||
|Land|||4|40,000|40,000|
|Investments|||5|825,124|827,081|
|||||£865,124|£867,081|
|CURRENT ASSETS||||||
|Bank accounts:|Trustees||6|5,033|10,708|
||General beneft||6|8,157|4,002|
||Public purposes||6|6,403|7,868|
|||||£ 1 9,593|£22,578|
|CURRENT LIABILITIES||||||
|Accrued charges<br>TOTAL NET ASSETS|||7|£0M|£0<br>£889,659|
|M Watson||||||
|I’w5W<br>P Banister|VVVV|Trustees||||



Dat : t8 /IO [25 

Page[5] 



TOWN LANDS CHARITY, CHEDDINGTON 

NOTES TO THE ACCOUNTS for the year ended[31] March 2025 

## 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] year. The Trustees confirm that these financial statements comply with the legal requirements appropriate to small charities. 

|INVESTMENT INCOME||2025||2024|
|---|---|---|---|---|
|Dividends and interest arising in year||25,591||24,434|
||£|25,591|£|24,434|
|OVERHEADS||2025||2024|
|Investment account management fees||2,480||2,340|
|Insurance for feld||-||320|
|Sundry Expenses||2,710||485|
||£|5, 190|£|3,145|



## LAND 

The Charity owns 2.3 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 of £40,000 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 investmentsheld at the year-end are: 

|The investmentsheld at the year-end|are:|are:|||
|---|---|---|---|---|
||2025||2024||
|||Market||Market|
||Cost|Value|Cost|Value|
|Barclays CharityFund|675,147|825,124|677,253|827,081|
||£675,147|£825,124|£677,253|£827,081|



||||||2025|2024|
|---|---|---|---|---|---|---|
|BANK ACCOUNTS|Trustees|Beneft|Public||Total|Total|
|Current accounts|1,750|107|256||2,1 13|1,462|
|Deposit accounts|1,548|8,050|6,147||15,745|19,531|
|Dealing accounts|1,73 5|—|-||1,735|1,585|
||5,033|8,157|6,403|£|19,593|£ 22,578|



Page[6] 



## TOWN LANDS CHARITY, CHEDDINGTON 

## NOTES TO THE ACCOUNTS 

for the year ended[31] March 2025 

|ACCRUED|CHARGES|2025||2024|
|---|---|---|---|---|
|Independent|examination fee||-||



## TRUSTEES' EXPENSES 

None of the trustees received any income from the charity[in] the year (2023: none). 

Page[7] 



# CHARITY COMMISSION Independent examiner's report FOR ENGLAND AND WALES on the accounts @ 

Section[A] 

Independent[Examiner's] Report 

Report to the trustees] Toms![kRN'DS] (musrr‘[Que‘msmew] members of On accounts for the yearended 3);[Memo“][2025] Charity(If any)(If any) any)[["0]] 

Charity(If any)(If any) any)[["0]] 9356 07[19] 

Set out on pages \‘VO 7 

> I report to the trustees on my examination of the acoounts of the above charity (“the Trust")[for] the year[ended][3\eT][More] .1095 

- Responsibilitiesand As the charity trustees, you are responsible for the preparation[of] the basis of report accounts[in] accordance[with] the Charities[Act][2011] (“the[Act”).] 

> | in of the Trust’s accounts carried out 

> report respect of my examination under section 145 of the 2011 Act and[in] carrying out my[examination,] I have followed all the applicable Directions given by the Charity Commission - under section 145(5)(b) of the[Act.] 

## Independent examiner's statement Wmmmeeededfififififimmm 

> I have completed my examination. I confirm that no material matters have come[to] my[attention][(ether—than—that‘dtselesed—belew—a][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 Act; or 

   - the accounts did not accord[with] the accounting records; or 

- . the accountsconcerningthedid not[ form][ and content] comply[with][ of] the applicablerequirements[ 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 no concerns and have come across no other matters in 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.] 

> * Please delete the words in the brackets if they do not apply. r: / Date: Signed: . / Wy/éfl Name: '1' RR cE \1 Lines 

> Relevant professional 

> qualification(s) or body (if any): 

October 2018 

1 

IER 



> Address: amme ($an[,][£L$Ae£] CouQTV. QH-Ebvime’tou m7[oQu] 

## Section[B] 

Disclosure 

Only complete[if] the examiner[needs][to] highlight[matters][ of] concern (see[CCBZ,] Independent[examination][of ] charity[accounts:][ directions][and ] guidance[ for] examiners). 

> Give here details of any 

> items that the examiner wishes to disclose. 

October 2018 

2 

IER