## TOWN LANDS CHARITY CHEDDINGTON Registered Charity[No. 235076] ANNUAL REPORT AND ACCOUNTS for the year ended 31 March 2026 |General Information|| |---|---| |Trustees' Report|......................................| |IndependentExaminer'sReport|| |ReceiptsandPaymentsAccount|| |StatementofAssets and Liabilities|| |Notes to the Accounts|......................................| TOWN LANDS CHARITY, CHEDDINGTON ## GENERAL INFORMATION |CharityRegistration Number:|235076|| |---|---|---| |Governing Instrument :|Trust Deed dated24May1895|| |Trustees :|Ex-Offcio : The Rector :|MrD Wright| ||Churchwardens :|MrA Shepheard| |||vacant| ||Representative :|MrsPBanister| |||MissCFee| |||Mr M Watson| |Secretary :|MissCFee|| |Treasurer :|Mr M Watson|| |Address :|The Chase, Chaseside Close|| ||Cheddington|| ||LeightonBuzzard|| ||Beds LU7OSA|| |Bankers :|BarclaysBank plc|| ||19-21 High Street|| ||Aylesbury|| ||Bucks HP20 ISH|| |Investment Advisors :|BarclaysBank plc|| ||Charities InvestmentTeam|| ||1 Churchill Place|| ||London E14 SI-IP|| |IndependentExaminer:|TraceyElls|| ||Cams Bam' Elsage Court|| ||Church Lane|| ||Cheddington|| ||LeightonBuzzard|| ||Beds LU7ORU|| 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,][ half][of] 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 of four years.
The
Trustees who served during the year are shown on page 1 ofthis report. The Trustees met four| |---|---| ||times during the year.| |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 responsible for safeguarding the assetsof
the charity and hence taking reasonable steps for the prevention and detection of f‘aud and other
irregularities. Whena new trustee is required,recommendations are sought and the potential trustee
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 by the CharityCommissionon publicbeneft.| |Finance:|BarclaysBankplccontinuedasinvestment advisors andmanagersduring theyearto 31 March
2026. The Trustees continued to take an active interest in theperformance ofthe portfolioof| ||investments and a representativeofthe advisorsattendedavideo callonNovember 21st, 2025.
Based on advice from Barclays the investmentscontinuetobe held in the Barclays Charity Fund
which offers a higher return and lower fees. TheFund is categorisedas moderate risk with a 10| ||yeartime horizon.
Investment income for the year was £27,181 (2024 £25,591)and rental incomeof£1,800 (£1,800).
The Trustees continued to meet valid grant requests duringtheyear.| |Church Charity:|£7,400 (2024: £10,000)has been donated to St Giles Church to assist with the upkeep and operation| ||ofthe Church.| |Public Purposes:|A total of £6,043 (2024 11,546) in grants has been made.
Signifcant benefciaries include the
VillageHall subsidy £3,268to subsidise theuse ofthe hall by localgroups,the Playscheme£1,306| ||and Pantomime Group £1,000.| |GeneralBeneft:|Grants totalling £8,441 (2024: £5,938) weremadeduringtheyear. Including£7,600 for
educational assistance, £800 being grantsforhospital transport as approvedby the Trustees.| |Reserves:
C Fee
The Trustees have a policyofmeeting requests forgrants asfar as reserves permit. They normally
tryto carryat leastoneyear‘s averageexpenditure in reserves, both to meet unplanned calls on the
charity'sincome andto covernormalrequests when investment returns fall. As at 31 March 2026
cash reserves
e 14.1 months' average expenditure (2024: 13.4months).
(onbehalf oftheTrustees)
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Date:
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Page2|| ## 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 2026 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. Rs Truce:[E\§] Date..i$ 1H Xi)............... Page[3] Independent examiner's report on[the] accounts CHARITY COMMISSION FOR ENGLAND AND WALES ## is W Report to the trustees] Town Lands Trust, Cheddington members of > On accounts for the year 315‘ March 2026 Charity no 235076 ended (if any) > Set out on 4to7 pages Respective The charity's trustees are responsible for the preparation[of] the accounts. responsibilities[of] The charity's trustees consider that an audit[is] not required[for this] year trustees and examiner under section 144 of the Charities Act 2011 (the[Charities] Act)[and that] an independent[examination][is][needed.] > it is my responsibility to: - examine the accounts under section 145[of] the[Charities][Act,] - . to follow the procedures[laid] down[in] the general[Directions] given by[the] Charity[Commission] (under[section] 145(5)(b)[of][ the][Charities][Act,][and] - o to state whether particular matters have come to my attention. - Basis of independent My examination was[carried] out[in] accordance[with] general[Directions][given] examiner’s statement by the Charity[Commission.] An examination includes a review of the accounting records kept by[the] charity[and ] a comparison[of][ the accounts] presented[with] those[records.][it][ also includes consideration][ of ] any[unusual] items or disclosures[in] the accounts, and seeking explanations[from] the trustees concerning any such matters.[The] procedures[undertaken][ do][not] provide[all] the evidence that[would][be] required[in] an[audit,][and] consequently no opinion[is] given as[to][ whether the accounts] present[a][‘true] and fair’ view and the report is limited to those matters set out[in] the statement below. Independent in connection with my examination, no material matters have come to my examiner's statement attention which gives me cause to believe that in, any material respect: - 0 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 concerningthe[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 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 of the accounts[to] be reached. proper understanding > * Please delete the words in the brackets if they do not apply. Signed: Date:[(t] I[at,] It) Name: Tracey[Els] > 1 December M December 2017 IER > Relevant professional qualification(s) or body (if any): Address: Cairns Barn, Elsage Court, Church Lane, Cheddington. LU7[ORU] Only complete[if] the examiner needs to highlight matters[of] concern (see[CC32,] Independent[examination][of ] charity accounts:[directions][and ] guidance[for] examiners). December 2017 2 IER **----- Start of picture text -----**
Give here details of any
items that the examiner
wishes to disclose.
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December 2017 IER 3 TOWN LANDS CHARITY, CHEDDINGTON RECEIPTS AND PAYMENTS ACCOUNT for the year ended[31] March 2026 |||||2026|||2025| |---|---|---|---|---|---|---|---| ||Note||||||| |RECEIPTS||General
Fund|Church
Charity|Town Charity
Beneft
Public||Total
Funds|Total
Funds| |Income from investments|2|26,945|-|-|-|26,945|25,329| |Deposit accountinterest||124|-|90|23|236|263| |Grasskeep, wayleaves, etc||1,800|-|-|-|1,800|1,800| |Other income: Tax refund||-|-|-|-|-|-| |Interest received||-|-|-|-|-|_| |||28,869|-|90|23|28,981|27,391| |InvestmentSales||2,674|-|—|-|2,674|2,613| |||31,543|-|90|23|31,655|30,005| |Less: PAYMENTS|||||||| |Charitable expenditure||-|7,400|8,441|6,043|21,884|27,483| |InvestmentManagementcosts||2,578|-|-|-|2,578|2,480| |Overheads|3|2,983|-|-|-|2,983|3,043| |Fund prepayment||-|-|-|-|-|-| |||5,561|7,400|8,441|6,043|27,445|33,006| |InvestmentPurchases||—|-|_|-|-|-| |||5,561|7,400|8,441|6,043|27,445|33,006| |Net Receipts/(Payments) for|year|25,981|(7,400)|(8,351)|(6,020)|4,21 1|(3,001)| |Distributionof netreceipts||(35,684)|10,000|7,400|18,284|—|-| |Transfer between funds||-|-|-|-|-|-| |Balance brought forward||5,033|-|8,157|6,403|19,593|22,578| |Balance carried forward|6|(4,669)|2,600|7,207|18,666|£ 23,804|£ 19,576| Page[4] ## TOWN LANDS CHARITY, CHEDDINGTON > STATEMENT OF ASSETS AND LIABILITIES for the year ended 31 March 2026 |||||Notes|31/03/2026|31/03/2025| |---|---|---|---|---|---|---| |FIXED ASSETS||||||| |Land||||4|40,000|40,000| |Investments||||5|882,1 15|825,124| ||||||$27,175"|£865,124| |CURRENT ASSETS||||||| |Bank accounts:|Trustees|||6|8,964|5,033| ||General beneft|||6|7,207|8,157| ||Public purposes|||6|2,715|6,403| ||||||£182886|£19,593| |CURRENT LIABILITIES||||||| |Accrued charges||||7|£0|£0| |TOTAL NET ASSETS|||||£941,001|£884,717| ||'|||||| |M Watson||)||||| |||)||||| |-
PBanister f“;3%||)
)|Trustees|||| Date: 23>+c1 $M§© lb’ké Page[5] ## TOWN LANDS CHARITY, CHEDDINGTON NOTES TO THE ACCOUNTS for the year ended 31 March 2026 ## 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||2026||2025| |---|---|---|---|---| |Dividends and interest arising in year||27,181||25,591| ||£|27,181|£|25,591| |OVERHEADS||2026||2025| |Investment account management fees||2,578||2,480| |Insurance for feld||345||-| |Sundry Expenses||2,638||2,710| ||£|5,561|£|5:190| ## 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 ye|ar-end are:|||||| |---|---|---|---|---|---|---| |||2026||2025||| ||||Market||Market|| |||Cost|Value|Cost||Value| |Barclays Charity Fund||673,126|882,115|675,147||825,124| |||£673,126|£882,115|£675,147|£825,124|| |||||2026||2025| |BANK ACCOUNTS|Trustees|Beneft|Public|Total||Total| |Current accounts|500|500|500|1,500||2,1 13| |Deposit accounts|6,617|6,707|2,215|15,539||15,745| |Dealing accounts|1,847|-|—|1,847||1,735| ||8,964|7,207|2,715|£ 18,886|£|19,593| Page[6] ## TOWN LANDS CHARITY, CHEDDINGTON NOTES TO THE ACCOUNTS for the year ended 31 March 2026 |ACCRUED|CHARGES|2026||2025| |---|---|---|---|---| |Independent|examination fee||-|| ## TRUSTEES' EXPENSES None of the trustees received any income from the charity[in the ] year[(2025':] none). Page[7]