2024-12-31-accounts - Chipping Sodbury Town Lands Charity

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Registered charity number: 236364

CHIPPING SODBURY TOWN LANDS CHARITY

Report of the Trustees and audited financial statements for the year ended 31 December 2024

CHIPPING SODBURY TOWN LANDS CHARITY

FINANCIAL STATEMENTS 2024
CONTENTS
	Page
Report of the Trustees	2
Independent auditors’ report	13
Statement of financial activities	15
Balance sheet	17
Notes to the financial statements	18

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES

The Trustees present their report along with the financial statements of the Charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the Charity’s Trust Deed, the Charities Act 2011 and the Statement of Recommended Practice applicable to charities preparing their account in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

REFERENCE AND ADMINISTRATIVE INFORMATION

Registered Charity number

236364

Principal Office

Chipping Sodbury Town Hall 57-59 Broad Street Chipping Sodbury South Gloucestershire BS37 6AD

Trustees

B Hardy, Chairman (from 19.01.22), Co-Optative Trustee (appointed 20.11.19 – Retired 19.11.24) Mrs W Whittle, Interim Chairlady (from 19.11.24) – Co-Optative Trustee (appointed 19.05.21) M Reeves, Vice-Chairman (from 19.01.22), Co-Optative Trustee (re-appointed 20.4.24 – Retired 19.11.24) A Elmore – Co-Optative Trustee (re-appointed 24.6.20) S Hunter – Co-Optative Trustee (appointed 19.2.20) P Rowley – Co-Optative Trustee (appointed 27.11.24) D Blower – Co-Optative Trustee (appointed 27.11.24) A Williams - Nominative Trustee – Town Council (appointed 15.9.22) S Gibson – Nominative Trustee – Town Council (appointed 16.11.22) A Gregson – Nominative Trustee – Town Council (appointed 26.04.23) A Simmonds – Nominative Trustee – Town Trust (appointed 26.07.23)

Clerk to the Trustees - Mrs N Gideon

Mrs Gideon was appointed by the Trustees on the 9 April 2001 and is delegated to act upon their instructions with regard to the management of the Charity.

Auditors

Frost Wiltshire LLP Unit 2 Green Farm Business Park Folly Road Latteridge Bristol BS37 9TZ

Bankers

NatWest Bank Plc Yate Branch 5 North Walk Yate BS37 4AG

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Solicitors

Bevan Evemy Solicitors 55 Broad Street Chipping Sodbury South Glos BS37 6AD

Investment managers

BlackRock Investment Management (UK) Ltd 12 Throgmorton Avenue London EC2N 2DL

Contacts

Address: as Principal Address Telephone/fax: 01454 852223 Email: nicola.gideon@chippingsodburytownhall.co.uk Web: www.chippingsodburytownhall.co.uk

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure, Governance and Management

The Charity is an unincorporated Charity, constituted under a Governing Scheme dated 15 June 1977 and is a registered Charity, number 236364. The Charity is administered and managed subject to and in conformity with the provision of this Scheme under the title of the Chipping Sodbury Town Lands Charity by the body of Trustees.

All Trustees give their time freely and no remuneration or expenses were paid in the year.

Trustees

The body of Trustees consists of nine competent persons: five Co-Optative Trustees and four Nominative Trustees.

The Nominative Trustees are appointed as follows; three by the Town Council of Sodbury and one by the Trustees of the Charity called ‘Chipping Sodbury Town Trust’. Each Nominative Trustee appointment is for a term of four years. The person appointed may be but need not be a member of the appointing body. Prior to the conclusion of the four years term of office, the nominating body is informed and they either re-nominate the standing Trustee or provide a new nominee.

The Co-Optative Trustees are selected by the Trustee Body and are persons who through residence, occupation or employment, or otherwise have special knowledge of Chipping and Old Sodbury. Each appointment is for a term of five years. Upon conclusion of a term of office, nominations are invited from the remaining body of Trustees and a vote carried out as soon as practicable for a subsequent appointment.

A Welcome Pack is furnished to newly appointed Trustees, consisting of a brief history of the Charity, Declarations of Appointment and Confidentiality, a copy of the Governing Scheme, a copy of the latest minutes, and a copy of the Charity Commission’s guidance ‘The Essential Trustee: What You Need to Know’. Upon appointment, they sign a formal declaration of their willingness to serve as a Trustee and a declaration of Interest.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Meetings

The Trustees currently hold ordinary meetings on the fourth Wednesday of each month, with the exception of August. Detailed minutes of these meetings are provided to each Trustee by the Clerk to the Trustees prior to the meeting following.

At the first ordinary meeting in each year the Trustees elect one of their number to be Chairman and another to be Vice-Chairman of meetings until the commencement of the first ordinary meeting in the following year. In the event of the Chairman’s absence, the Vice-Chairman assumes this role. If both Chairman and ViceChairman are absent, the Trustees present choose one of their number to be Chairman of that meeting.

At the ordinary Trustees’ meetings, the broad strategy and area of activity for the Charity is agreed, which includes consideration of Grant making, investment, capital reserves, building maintenance and improvements, and risk management policies and performance. The day-to-day administration of Grants and the processing and handling of applications prior to consideration by Trustees is carried out by the Chairman and/or the Vice-Chairman and Clerk (administrator).

Assisting the Trustees is a Finance Sub-Committee made up of at least three Trustees. The Finance SubCommittee meets quarterly, January, April, July and October, prior to the ordinary meeting in that month. The Sub-Committee has no direct control of the Charity’s finances but makes recommendations to all Trustees for an ultimate decision.

The responsibilities of the Finance Sub-Committee are to:

Monitor and review income and expenditure
Maintain a running budget and report
Review expenditure regarding major/longer term projects
4, Liaise with the Investment Managers and monitor performance
Review annual accounts
Review staff salaries annually
Review hire charges in relation to the Charity’s properties
Consider Grant applications, new business and buildings’ repair and maintenance costs in excess of £3,000
Consider other financial matters as necessary

The members of the Sub-Committee elect a Chairman annually. The Clerk attends and take minutes in record.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Risk management

The Charity Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The Trustees consider variability of investment return on the Charity’s investments to constitute the Charity’s major risk. In order to assess risk to the Charity’s investments, quarterly Finance Sub-Committee meetings were held during the year to consider the current state of the Charity’s investments and the economic climate. Quarterly Investment reports detailing the value of the Charity’s portfolio were received from BlackRock. Performance of the Investment Managers was monitored at the quarterly reviews.

Due to FCA rules, BlackRock no longer meet with the Charity on a regular basis as it may be construed as giving financial advice, to their own benefit. Following the Charity’s transfer to being a direct unit holder of BlackRock’s Common Investment Fund, from a Retail unit holder at the beginning of Quarter 2 2013, BlackRock reports now contain much of the data passed on at the previous twice-yearly meetings.

The 12-month Client Agreement with Integrated Financial Solutions Ltd was renewed in April 2024, for the unchanged fee of £1,000 per annum, who provide the Charity with the following: -

4 x analysis reports for the Charity’s existing investments ahead of the quarterly meetings of the Finance Sub-Committee.
Provide advice on communications received from the Investment Manager or Regulator.
Provide advice and guidance regarding ad-hoc telephone calls/emails from Trustees when necessary. A separate fee will be agreed if the work involved is substantial.
Certification of verification documents for new Trustees.

This Agreement is reviewed on each anniversary by agreement of both parties.

The Trustees, as custodians, manage and let buildings and lands belonging to the Charity not required to be retained or occupied for the purposes of the Charity. Every lease contains a covenant for the Lessee to pay rent, maintain a proper cultivation of land and all other usual and proper covenants applicable to the land/property. All properties are kept in good repair and insured to their full market value against fire and other usual risks. Public and Employer liabilities are also maintained.

Within the limits of its Scheme, the Trustees have the power to make, alter or revoke rules for the regulation and management of the Charity’s properties. All Health, Safety and Employment Acts and Regulations, are strictly adhered to, with ongoing staff training and management.

Trustees declare there have been no incidents resulting in loss of funds or risk to this Charity’s properties, work, beneficiaries or reputation during 2024.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Objectives of the Charity

The objectives are set in accordance with Governing Instrument Scheme dated 15/06/77 and the Trustees continue to give careful consideration to the Charity Commission’s general guidance on public benefit and, in particular, to its supplementary public benefit guidance with regard to the following: -

1 To provide financial relief for needy parishioners of Chipping and Old Sodbury.
2 To aid promotion of education to pupils of Chipping Sodbury School.
3 To support and maintain facilities for education for persons residing in the parishes of Chipping and Old Sodbury.
4 To support and maintain facilities for recreation and leisure time occupation.
5 To promote any charitable purpose for the benefit of the inhabitants of Chipping and Old Sodbury.

Policies Adopted to Achieve the Objectives:

Trustees’ Meetings– Trustees meet each month (except August) to discuss and agree Charity matters.
Continuation of the Scheme long term.
Support of Chipping Sodbury Endowed School Foundation by issuing a substantial grant each year.
Continuation of help to provide facilities for local organisations.
Provision of support to needy causes as advised by appropriate bodies.
Display of a notice in the Town Hall window inviting applications for educational grants. During the summer holidays an advertisement is displayed in local newspapers informing the public of the Charity’s objectives.
Consideration of all types of grants upon application and if they meet the objectives of the Charity they are approved (but not necessarily in full).
Investments – a resolution was passed by the Trustees in October 1992 to appoint Nutraco Nominees Ltd of 33 King William Street, London as Custodian of all the share holdings. In 2013, the Charity’s IMA Agreement with BlackRock Investment Management (UK) Ltd changed to a direct unit holders’ arrangement.
Maintenance – the Trustees aim to keep the buildings to a high standard and provide a safe and healthy environment for staff and users. All major plant and machinery have regular maintenance checks as recommended by the manufacturers. Other items of equipment are checked on an annual basis.
Lettings – a range of facilities is provided for the parishes of Chipping and Old Sodbury at reasonable rates. There is a commercial rate for business hirers, a parish rate for individuals, clubs, groups and associations with a strong affiliation to the parishes (these are at subsidised rates) and a standard rate for any other hirer outside of these categories.
Trustees’ Meetings– Trustees meet each month (except August) to discuss and agree Charity matters.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Safeguarding Policy

Chipping Sodbury Town Lands Charity has adopted and reviews annually its Policy to demonstrate its commitment to keeping safe the vulnerable people with whom it works alongside. Chipping Sodbury Town Lands Charity acknowledges its duty to act appropriately to any allegations, reports or suspicions of abuse or neglect. The Policy and its procedures are in place in order that Trustees, staff, service users/beneficiaries and carers can work to prevent harm from abuse, coercion and neglect (later all included under “abuse”) whether working online or in person, and what to do in the event of such occurring. The Charity’s Policy Statement and Procedures were drawn up in order to:

promote good practice and work in a way that can prevent harm from abuse occurring.
ensure that any allegations of abuse or suspicions of, are dealt with appropriately and the person experiencing such abuse is supported.
take all reasonable steps to stop that abuse occurring.
promote an open and positive culture to ensure all involved feel able to report concerns, confident that they will be heard and responded to.

The Policy and Procedures relate to the safeguarding of all vulnerable people. Vulnerable people can be defined as:

people of any age.
those receiving or may need community care services because of learning, physical or mental disability, age, or illness.
persons who are or may be unable to take care of themselves, or unable to protect themselves against significant harm or exploitation. The policy applies to all Trustees, staffs, sessional workers, agency staffs, students and anyone working on behalf of Chipping Sodbury Town Lands Charity.

The Trustees of the Charity will continue to work as follows: -

to promote the freedom and dignity of the person who has or is experiencing abuse and ensure that protecting people is central to its culture.
to promote the rights of all people to live free from abuse.
to ensure the safety and well-being of people who do not have the capacity to decide how they want to respond to abuse that they have or are experiencing.
to manage services in a way which promotes safety and prevents abuse.
recruit staffs and appoint Trustees safely, ensuring all necessary checks are made to ensure suitability to act in their roles.
provide effective management for staffs through supervision, support and training.
to ensure that all Trustees, staffs, service users, carers and families are familiar with this policy and procedures.
be quick to respond to concerns with a clear system of referring or reporting to relevant agencies those concerns, as soon as suspected or identified.
act within its confidentiality policy and will gain permission before sharing information about them with another agency.
conduct periodic reviews of safeguarding policies, procedures and practice.

The Designated Named Person for Safeguarding people is the Chairman of the Trustees of Chipping Sodbury Town Lands Charity and can be contacted, via the Clerk at the Town Hall, 57-59 Broad Street, Chipping Sodbury, South Glos. BS37 6AD - Tel: 01454 852223 (mornings only).

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

ACTIVITIES AND ACHIEVEMENTS OF THE YEAR

Each year grants are given on an unsolicited basis to needy people living in Chipping and Old Sodbury Parishes to help cover heating bills and other winter expenses. In 2024 the amount was £12,000 distributed to 120 households .

The main grants issued in 2024 were as follows: -

General Grants –

£ 3,300 - Chipping Sodbury Guides – Switzerland Trip
£ 2,600 - Sodbury Town Council – Town Play Scheme
£ 1,996 - Chipping Sodbury Festival – Town Festival
£ 1,550 - Chipping Sodbury Hedgehog Rescue
£ 1,500 - Chipping Sodbury Town Football Club – Park Runners
£ 1,500 - Sodbury In Bloom – Town Floral Displays
£ 800 - Abbeyfield Sodbury Vale Society
£ 602 - Mrs Burchell – Relief of Need
£ 500 - Chipping Sodbury Lions Club – Carol Concert

The Charity has used a range of publicity, to increase awareness of the Charity to attract Grant applications and, in 2024, the number of Grant applications received began to increase. All grant applications received are reviewed by the Trustees for approval. The Trustees do not necessarily approve grant applications in full – especially when other sources of funding are also available – but Trustees aim to provide the necessary funding for suitable applications.

The Trustees continue to support the needy and good causes of the Parishes by means of Grant aid.

Education Grants –

£10,000 - Additional Funding – Chipping Sodbury Endowed School Foundation
£ 6,846 - Education Grants, 12 of which to support further education courses.
£ 7,500 - Annual payment referred to in the Governing Scheme .

The additional payment of £10,000 was made to the Endowed School Foundation Governors in 2024 to meet the high level of Further Education Grant applications they had received. The Trustees review the affordability of any future additional payments at their October Finance Sub-committee meeting each year.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

ACTIVITIES AND ACHIEVEMENTS OF THE YEAR (continued)

Grant Making Policy

Information regarding Grant aid is available to parish schools, clubs and associations, including sporting clubs, health authorities, churches and other religious orders.

In addition, the Charity invites applications by annual advertisements in the local press, and information relating to the Charity is also displayed in the Town Hall and No. 61 Broad Street display windows.

Each application is reviewed against the Charity’s objectives and considered by Trustees. Retrospective applications are not considered. All Grants are paid at the discretion of Trustees and no guarantee is provided of future funding to any individual applicant. Future Grants to an individual applicant are considered by Trustees only upon subsequent applications.

Applications in excess of £3,000 are submitted to the Finance Sub-Committee for consideration in terms of affordability, with recommendations made to all Trustees at the next ordinary meeting.

FINANCIAL REVIEW

The Finance Sub-Committee formed in 1999 continues to monitor the finances of the Charity.

Investments

The Charity is reliant on income from investments. The Trustees remain confident that BlackRock Fund Managers continue to review its fund ranges to ensure that the investment characteristics and positioning of its funds remain both relevant to and consistent with investment environments and expectations of its clients. The asset ratio distribution of the Charity’s investment portfolio with BlackRock remains at 75+/-5% BlackRock Charities UK Equity Fund and 25+/-5% BlackRock Charities UK Bond Fund. Any future changes to this asset ratio are decided and acted upon by the Trustees. Charity Income generated from its investment is currently paid by means of quarterly dividends. During the year £258,224 net of charges, has been received in income from dividends.

Statement of portfolio position as of 31 December	2023	£7,214,452
Statement of portfolio position as of 31 December	2024	£7,310,070
Balances
Opening balance as of 1 January 2024	£11,843,893
Net Movement of Funds	£68,818
Closing balance as at 31 December 2024	£11,912,711

The operation and maintenance costs of the Charity’s Community facilities and Grant aid absorb a significant part of all income generated. Any future surplus will be used to build reserves for future planned developments.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Financial Review (continued)

Investment Policy and Performance

The Charity’s investment strategy remained unchanged throughout the year. The Finance Sub-committee continues to monitor closely BlackRock Investment Management (UK) Ltd regarding the Charity’s investments and endeavours to maintain funds sufficient for long-term continuation of the Charity.

In accordance with the Governing Instrument Scheme a reserve fund has been maintained, namely the Extraordinary Repair Fund, for the purpose of providing for the extraordinary repair, improvement or rebuilding of the buildings of Chipping Sodbury Town Lands Charity. The Fund which is held by BlackRock Investment Managers (UK) Ltd is maintained by transfer to the fund of a yearly sum of £500. The Extraordinary Repair Fund was valued at £68,384 at year end.

The balance of the Charity’s Shawbrook 100 Days’ Notice Account, as of 31 December 2024, inclusive of interest, totalled £24,520 and returned an interest rate of 0.59%.

The balance of the Charity’s United Trust Bank, as of 31 December 2024, inclusive of interest, totalled £92,488 , reflecting an interest rate of 4.30% as of this date .

The balance of the Charity’s Nationwide Building Society 35 Days’ Notice Account, as of 31 December 2024, totalled £73,400, reflecting an interest rate of 3.10% as of this date .

The balance of the Charity’s Redwood Bank 35 Days’ Notice Account, as of 31 December 2024, inclusive of interest, totalled £85,000, and returned an interest rate of 3.25%.

Interest rates continue to be monitored regularly to ensure that Charity receives the best available return on its investments at minimal risk.

The Trustees allow funds to accrue in anticipation of essential buildings maintenance and upkeep, which given the age of its property portfolio and in particular listed status of the Town Hall, costs can be excessive and unpredictable.

In September 2023, the tenants of the Nursery building reported an ingress of water and upon investigation, deterioration of the flat roof was evident and the requirement for urgent replacement. Arrangements were made with the original installers of this modular building to attend to this at an agreed sum of £21,048. The works were completed and the invoice paid in early 2024 from earmarked funds.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Financial Review (continued)

Buildings

Three buildings, The Town Hall, No. 61 Broad Street and The Old Grammar School continue to be maintained for public use and hire for functions ranging from meetings to concerts, with revenue received being used towards the maintenance and running costs of the buildings. The income generated does not generally cover the entire operating costs and therefore, the Charity subsidises the running costs each year. This is effectively a Grant towards fulfilling the Charity’s objectives to provide facilities for the parishioners of the Town.

The current administration requires a 25% deposit payment upon confirmation of a booking, with the balance payable one month prior to the event or immediately if within less than one month of the event date, continues.

Absolute titles in respect of all Charity Lands and Premises have been duly registered with HM Land Registry.

Sodbury Players continue to lease the upper floor accommodation of The Old Grammar School. The Charity receives a rental income of £5,500 per annum. Sodbury Players are a Sodbury based amateur dramatic group.

The front room on the ground floor of the Old Grammar School continues to be leased at a peppercorn rent of £1 per annum for use as a Library. The running of this facility, under the direction of Sodbury Town Council, operates as a volunteer-based service. South Gloucestershire Council continues to assume the responsibility of the building’s internal maintenance and repairs.

Youth in Sodbury continues to lease one ex-school building at the St Johns School Site, owned by the Charity, at a peppercorn rent of £1 per annum. Youth in Sodbury provides a valuable service to the Youth of the Parishes. Their 2-year lease expires on 31 August 2025 and will be reviewed for a further 2-year renewal.

First Steps Ltd continues to lease the neighbouring building and outside garden area as a Children’s Nursery, owned by the Charity, at a commercial rent. Their current 10-year Lease expires in August 2030 and includes a 5-year break clause. All rents are paid in a timely manner and used to support the Charity’s objectives.

Trustees appreciate the value of the Nursery provision in providing a much-needed care facility within the Town for children aged from birth to 5 years and, longer term, a regular income stream for the Charity.

A small outbuilding contained within the footprint of the Old Grammar School; namely a storage facility, has been let for a number of years at a peppercorn rent of £2 per annum to The Lions Club of Chipping Sodbury. This facility is used to store the Club’s Christmas ‘Sleigh’, used as part of their annual fundraising, in support of local projects and residents.

The two single storey residential cottages in Horse Street continue to be let on Assured Shorthold Tenancy Agreements and generate a fair market income for the Charity to supplement its investment income.

Various parcels of agricultural land are owned by the Charity and are rented out for arable purposes. One parcel of land, close to a housing development, has been divided into five allotments and is rented to local residents at £10 per plot per annum.

CHIPPING SODBURY TOWN LANDS CHARITY

REPORT OF THE TRUSTEES (continued)

Catering

The catering facilities of the Town Hall continues to be leased to the concessionaire, Spotlight Sodbury Bar and Catering for a period of 5 years (effective January 2024). The Charity receives commission on the takings which, in 2024 totalled £15,147. The commission due under the current Agreement is 10% of turnover.

CURRENT PROJECTS AND FUTURE PLANS

Trustees consider the on-going responsibilities and maintenance for the historic properties within the Charity’s portfolio. In particular, future budgeting continues in preparation of essential roof and necessary building repairs, together with ongoing redecoration schemes for the Charity’s properties.

Due consideration has been given by the Trustees to ensure that all activities continue to reflect the Charity’s aims and take account of the Charity Commission’s general guidance on public benefit.

2024 Accounts

In accordance with The Charities Act 1993, the Trustees of Chipping Sodbury Town Lands Charity have prepared a financial statement for the financial year which gives a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year.

In preparing the financial statements, the Trustees follow best practice and

select suitable accounting policies and apply them consistently
make judgements and estimates that are reasonable and prudent
follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements
Prepare financial statements on the going concern basis unless it is inappropriate to assume that the Charity will continue in operation

The Trustees are responsible for keeping accounting records which are such as to disclose, with reasonable accuracy, the financial position of the Charity at any time and to enable them as Trustees to ensure that the financial statements comply with Charity Law. The Trustees are also responsible for safeguarding the Charity’s assets and hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

…...................................................... .................................................. Mrs W Whittle – Chairlady A Elmore – Vice Chairman 27 August 2025 27 August 2025

CHIPPING SODBURY TOWN LANDS CHARITY

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF CHIPPING SODBURY TOWN LANDS CHARITY

Opinion

We have audited the financial statements of Chipping Sodbury Town Lands Charity (the “Charity”) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, The Balance Sheet and notes to the financial statements, including a summary of 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).

This report is made solely to the Charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity's trustees 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 accept or assume responsibility to anyone other than the Charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion, the financial statements:

give a true and fair view of the state of the Charity’s affairs as at 31 December 2024 and of its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Charities Act 2011.

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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. 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.

In connection with our audit of the financial statements, 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 Act 2011 requires us to report to you if, in our opinion:

the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept;
the financial statements are not in agreement with the accounting records and returns; or
we have not obtained all the information and explanations necessary for the purposes of our audit.

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are 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 they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

CHIPPING SODBURY TOWN LANDS CHARITY

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF CHIPPING SODBURY TOWN LANDS CHARITY (continued)

Responsibilities of the trustees (continued)

In preparing the financial statements, the trustees are 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 trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

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 a Report of the Independent Auditor 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Obtaining an understanding of the legal and regulatory frameworks that are applicable to the Entity. These include, but are not limited to, compliance with the United Kingdom Generally Accepted Accounting Practice, the Charities Act 2011 and the Charities SORP (FRS 102).
Making enquiries of management of the company policies and procedures relating to:
Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; and
Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud.
Reviewing minutes of the board of directors in order to identify any instances of fraud or non-compliance with laws and regulations.
Assessing the susceptibility of the financial statements to material misstatement, including how fraud might occur in the financial statements and any potential indicators of fraud. We identified potential for fraud in the following areas and performed the following procedures:
Communicating relevant identified laws and regulations and potential fraud risks to engagement team members and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Management override of controls: we evaluated managements’ incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to manipulate financial results and management bias in accounting estimates and judgements. Audit procedures performed included identifying and testing journal entries, in particular any journal entries between unusual balance combinations and post year end journals.
To address the fraud risk within revenue, we have traced revenue recognised during the year to invoices, evidence of work performed and bank statements for amounts paid. No significant issues have been identified in our work.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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.

Frost Wiltshire LLP

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Unit 2, Green Farm Business Park Folly Road Latteridge Bristol BS37 9TZ

27 August 2025

CHIPPING SODBURY TOWN LANDS CHARITY

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024

INCOME & ENDOWMENTS FROM: Notes Unrestricted funds £ Operating activities 2,3,4 156,663 Investments 2 268,819 __ Total 425,482 EXPENDITURE ON: Charitable activities 2,3,4,5 (452,282) _ Total (452,282) Gains/(losses) on investments 3,608 __ NET INCOME/(EXPENDITURE) (23,192) Transfer between funds 13 - _ Net movement in funds (23,192) RECONCILIATION OF FUNDS: Total funds brought forward 459,217 _____ TOTAL FUNDS CARRIED FORWARD 433,025	Restricted funds £ - - __ - - _ - 92,010 __ 92,010 - _ 92,010 11,384,676 _____ 11,476,686	2024 Total funds £ 2023 Total funds £ 156,663 143,900 268,819 255,700 __ _ 425,482 399,600 (452,282) (517,249) __ _ (452,282) (517,249) 95,618 327,960 __ _ 68,818 210,311 - - __ _ 68,818 210,311 11,843,893 11,633,582 __ __ 11,912,711 11,843,893

CHIPPING SODBURY TOWN LANDS CHARITY

STATEMENT OF FINANCIAL ACTIVITIES: COMPARATIVES for the Year Ended 31 December 2023

INCOME & ENDOWMENTS FROM: Notes Unrestricted funds £ Operating activities 2,3,4 143,900 Investments 2 255,700 __ Total 399,600 EXPENDITURE ON: Charitable activities 2,3,4,5 (517,249) _ Total (517,249) Gains/(losses) on investments 5,755 __ NET INCOME/(EXPENDITURE) (111,894) Transfer between funds 13 - _ Net movement in funds (111,894) RECONCILIATION OF FUNDS: Total funds brought forward 571,111 _____ TOTAL FUNDS CARRIED FORWARD 459,217	Restricted funds £ - - __ - - _ - 322,205 __ 322,205 - _ 322,205 11,062,471 _____ 11,384,676	2023 Total funds £ 2022 Total funds £ 143,900 114,366 255,700 245,285 __ _ 399,600 359,651 (517,249) (351,172) __ _ (517,249) (351,172) 327,960 400,416 __ _ 210,311 408,895 - - __ _ 210,311 408,895 11,633,582 11,224,687 __ __ 11,843,893 11,633,582

CHIPPING SODBURY TOWN LANDS CHARITY

BALANCE SHEET As at 31 December 2024

				2024	2023
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	9	195	-	195	291
Investments
Investments	10	63,384	7,241,686	7,310,070	7,214,452
Investment property	11	-	4,235,000	4,235,000	4,235,000
		_____	_____	_____	_____
		63,579	11,476,686	11,545,265	11,449,743
CURRENT ASSETS
Debtors	12	2,467	-	2,467	2,467
Cash at bank and in hand		373,350	-	373,350	399,761
		_____	_____	_____	_____
		375,817	-	375,817	402,228
CREDITORS
Amounts falling due within one year	13	(8,371)	-	(8,371)	(8,078)
		_____	_____	_____	_____
NET CURRENT ASSETS		367,446	-	367,446	394,150
		_____	_____	_____	_____
TOTAL ASSETS LESS CURRENT LIABILITIES		436,025	11,476,686	11,912,711	11,843,893
		_____	_____	_____	_____
NET ASSETS		436,025 _____	11,476,686 _____	11,912,711 _____	11,843,893 _____

FUNDS
Unrestricted funds	14			436,025	459,217
Restricted funds				11,476,686	11,384,676
				_____	_____
TOTAL FUNDS				11,912,711 _____	11,843,893 _____

The financial statements were approved by the Board of Trustees on 27 August 2025. and were signed on its behalf by:

..................................... Mrs W Whittle – Chairlady

.....................................

A Elmore – Vice Chairman

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Accounting convention

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end are noted as a commitment but not accrued as expenditure.

Charitable activities

All monies paid out to individuals and institutions as grants are allocated to charitable activities. Grants are included as expenditure in the period for which the award is given.

Allocation and apportionment of costs

Overhead support costs have been allocated between the operating costs. The apportionment has been allocated on the basis of usage and is analysed later in note 6.

Investment property

Investment properties are shown at the most recent valuation. Any aggregate surplus of deficit arising from changes in market value are transferred to the Statement of Financial Activities. Depreciation is provided only on those investments properties which are leasehold and where the unexpired lease term is fewer than 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 33% on reducing balance.

Taxation

The charity is exempt from tax on its charitable activities.

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES (continued)

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TOWN LANDS CHARITY STATEMENT OF FINANCIAL ACTIVITIES

(Including St John School Site)

ncluding St John School Site)
	Unrestricted	Restricted	Total 2024	Total 2023
INCOME & ENDOWMENTS FROM:	£	£	£	£
Donations and legacies
Donations	-	-	-	-
	_____	_____	_____	_____
	-	-	-	-
Operating activities
Rent received	43,533	-	43,533	53,541
Wayleave	19	-	19	185
Lettings	12,388	-	12,388
Miscellaneous income	5,370	-	5,370	3,520
	_____	_____	_____	_____
	61,310	-	61,310	57,246
Investments
Dividend income	258,224	-	258,224	247,804
Deposit account interest	10,595	-	10,595	7,896
	_____	_____	_____	_____
	268,819	-	268,819	255,700
	_____	_____	_____	_____
Total	330,129 _____	- _____	330,129 _____	312,946 _____

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

2. TOWN LANDS CHARITY STATEMENT OF FINANCIAL ACTIVITIES (continued)

	Unrestricted	Restricted	Total 2024	Total 2023
	£	£	£	£
EXPENDITURE ON:
Charitable activities
Surveyors fees	33,669	-	33,669	32,441
Equipment, fixtures and fittings	414	-	414	433
Depreciation	96	-	96	144
Telephone	3,144	-	3,144	760
Advertising and stationery	944	-	944	985
Wages and salaries	24,288	-	24,288	26,596
Social security	8,506	-	8,506	5,996
Pension	1,854	-	1,854	1,368
Accountancy	1,800	-	1,800	1,800
Legal & professional fees	8,728	-	8,728	7,227
Auditors’ remuneration	1,560	-	1,560	1,560
Sundry expenses	28,658	-	28,658	8,918
Grants to institutions	43,764	-	43,764	37,123
Grants to individuals	11,000	-	11,000	11,580
	_____	_____	_____	_____
Total	168,426	-	168,426	136,931
	_____	_____	_____	_____
Net income before gains	161,704 _____	- _____	161,704 _____	176,015 _____

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

3. TOWN HALL AND 61 BROAD STREET STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted	Restricted	Total 2024	Total 2023
INCOME & ENDOWMENTS FROM:	£	£	£	£
Operating activities
Catering receipts	18,541	-	18,541	14,497
Lettings	62,840	-	62,840	59,379
	_____	_____	_____	_____
Total	81,381	-	81,381	73,876
EXPENDITURE ON:
Charitable activities
Rates and water	3,104	-	3,104	2,537
Insurance	10,459	-	10,459	10,266
Light and heat	30,487	-	30,487	43,486
Refuse collection	1,386	-	1,386	2,547
Repairs and maintenance	101,855	-	101,855	202,338
Equipment, fixtures and fittings	2,303	-	2,303	8,384
Cleaning materials	1,910	-	1,910	1,039
Wages and salaries	93,112	-	93,112	77,998
Telephone	265	-	265	1,282
Advertising and stationery	158	-	158	108
Sundry expenses	1,792	-	1,792	800
	_____	_____	_____	_____
Total	246,831	-	246,831	350,785
	_____	_____	_____	_____
Net expenditure before gains	165,450 _____	- _____	165,450 _____	(276,909) _____

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

4. OLD GRAMMAR SCHOOL STATEMENT OF ACTIVITIES

	Unrestricted	Restricted	Total 2024	Total 2023
INCOME & ENDOWMENTS FROM:	£	£	£	£
Operating activities
Lettings	13,972	-	13,972	12,777
	_____	_____	_____	_____
Total
EXPENDITURE ON:
Charitable activities
Rates and water	143	-	143	63
Light and heat	4,978	-	4,978	3,685
Refuse collection	604	-	604	910
Repairs and maintenance	13,259	-	13,259	8,325
Wages and salaries	17,176	-	17,176	16,529
Sundry expenses	864	-	864	18
	_____	_____	_____	_____
Total	37,024	-	37,024	29,530
	_____	_____	_____	_____
Net expenditure before gains	(23,052)	-	(23,052)	(16,753)
	_____	_____	_____	_____

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

5. ACTIVITIES

All costs were split by activity according to usage, as follows:

Direct costs Grants paid Total Support costs Staff costs Administration and other costs Professional & legal fees Equipment & maintenance costs Total Total of all costs 2024 Total of all costs 2023	Raising funds Investment management costs Charitable activities Total 2024 - - 54,764 54,764 __ _ __ _ - - 144,936 144,936 - - 88,993 88,993 - - 45,757 45,757 - - 117,832 117,832 __ _ __ _ - - 397,518 397,518 __ _ __ _ - - 452,282 452,282 __ _ __ _ - - 517,246 517,246

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year (2023: £nil).

Trustees' Expenses

There were no trustees' expenses paid for the year (2023: £nil).

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

7. STAFF COSTS

STAFF COSTS
2024 £ Wages and salaries 134,576 Social security costs 8,506 Pension costs 1,854 __ 144,936 __ The average monthly number of employees during the year was as follows: 2024 £ Town Lands Charity 2 Old Grammar School 1 Town Hall 6 _____ 9	2023 £ 121,123 5,996 1,368 _____ 128,487
	__ 2023 £ 2 1 6 __ 9

All employee time is involved in either support to the governance of the charity or operating activities. No employees had emoluments in excess of £30,000.

8. TANGIBLE FIXED ASSETS

ANGIBLE FIXED ASSETS
	Computer
	equipment
	£
Cost
At 1 January 2024 and 31 December 2024	4,834 _____
Depreciation
At 1 January 2024	4,543
Charge for year	96
	_____
At 31 December 2024	4,639
	_____
Net book value
At 31 December 2024	195 _____

At 31 December 2023	291 _____

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

9. FIXED ASSET INVESTMENTS

	Listed
	Investments
	£
Market value
At 1 January 2024	7,214,452
Revaluations	95,618
	_____
At 31 December 2024	7,310,070 _____
Net book value
At 31 December 2024	7,310,070 _____

At 31 December 2023	7,214,452 _____

There were no investment assets outside the UK.

These investments are held in Charinco and Charishare Investment Funds and are included at a bid valuation provided by BlackRock Investment Managers.

At 31 December 2024 the Extraordinary Repair Fund was valued at £68,384 (2023: £64,777) (unrestricted fund) and the Special Range Portfolio was valued at £7,241,686 (2023: £7,149,675) (restricted fund).

10. INVESTMENT PROPERTY

NVESTMENT PROPERTY
	Listed
	Investments
	£
Market value
At 1 January 2024 and 31 December 2024	4,235,000
Revaluations	-
	_____
At 31 December 2024	4,235,000 _____
Net book value
At 31 December 2024	_____
At 31 December 2023	4,235,000 _____

Investment properties were valued on a fair value basis by David James & Partners on 31 October 2022.

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

				2024		2023
				£		£
	Other debtors		2,467 _____			2,467 _____
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
	Trade creditors			415		166
	Accruals and deferred income			4,995		4,995
	Taxation and social security			2,961		2,917
			_____			_____
			8,371 _____			8,078 _____

13.	MOVEMENT IN FUNDS
			Net	Transfers		At 31
		At 1 January	movement	Between		December
		2024	in funds		funds	2024
		£	£		£	£
	Unrestricted funds
	General fund	459,217	(23,192)		-	436,025
	Restricted funds
	Undesignated funds	11,384,676	92,010		-	11,476,686
		_____	_____	_____		_____
	TOTAL FUNDS	11,843,893 _____	68,818 _____	- _____		11,912,711 _____

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS (continued)

Net movement in funds, included in the above are as follows:

				Movement
	Incoming	Resources	Gains and	in
	resources	expended	Losses	Funds
	£	£	£	£
Unrestricted funds
General fund	425,482	(452,282)	3,608	(23,192)
Restricted funds
Undesignated funds	-	-	92,010	92,010
	_____	_____	_____	_____
TOTAL FUNDS	425,482 _____	(452,282) _____	95,618 _____	68,818 _____

Restricted funds are set aside by the Trustees and represent the investment in the properties and the special range investment portfolio. These investments cannot be sold without the permission of the Charity Commission. The income relating to these investments is not restricted.

Comparatives for movement in funds

		Net	Transfers	At 31
	At 1 January	movement	Between	December
	2023	in funds	funds	2023
	£	£	£	£
Unrestricted funds
General fund	571,111	(111,894)	-	459,217
Restricted funds
Undesignated funds	11,062,471	322,205	-	11,384,676
	_____	_____	_____	_____
TOTAL FUNDS	11,633,582	210,311	-	11,843,893
	_____	_____	_____	_____
omparative net movement in funds, included in the above are		as follows:
				Movement
	Incoming	Resources	Gains and	in
	resources	expended	Losses	Funds
	£	£	£	£
Unrestricted funds
General fund	399,600	(517,249)	5,755	(111,894)
Restricted funds
Undesignated funds	-	-	322,205	322,205
	_____	_____	_____	_____
TOTAL FUNDS	399,600 _____	(517,249) _____	327,960 _____	210,311 _____

Comparative net movement in funds, included in the above are as follows:

CHIPPING SODBURY TOWN LANDS CHARITY

NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 31 December 2024

13. MOVEMENT IN FUNDS (continued)

The combined movement for the two years ended 31 December 2024 is as follows:

		Net	Transfers	At 31
	At 1 January	movement	Between	December
	2023	in funds	funds	2024
	£	£	£	£
Unrestricted funds
General fund	571,111	(135,086)	-	436,025
Restricted funds
Undesignated funds	11,062,471	414,215	-	11,476,686
	_____	_____	_____	_____
TOTAL FUNDS	11,633,582 _____	279,129 _____	- _____	11,912,711 _____

The combined net movement in funds for the two years ended 31 December 2024, included in the above, is as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	Losses	in
	£	£	£	Funds
				£
Unrestricted funds
General fund	825,082	(969,530)	9,362	(135,086)
Restricted funds
Undesignated funds	-	-	414,215	414,215
	_____	_____	_____	_____
TOTAL FUNDS	825,082 _____	(969,530) _____	423,577 _____	279,129 _____

14. RELATED PARTY TRANSACTIONS

The following grants were paid to related parties for charitable purposes during the year. Trustees declared interests in these parties before any voting took place and were not involved in the voting process.

Chipping Sodbury Town Council Chipping Sodbury Town Football Club (Park Runners) Chipping Sodbury Festival Mrs N Gideon Mr D Gideon Ms M Willis	2024 £ 2,600 1,500 1,996 300 300 260 _____	2023 £ 3,600 1,500 2,273 600 - - _____

CHIPPING SODBURY TOWN LANDS CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024

This page does not form part of the statutory financial statements

	2024	2023
INCOME FROM:	£	£
Operating activities
Catering receipts	18,541	14,497
Rent and land rent received	57,505	54,968
Lettings	75,228	70,729
Wayleave	19	185
Miscellaneous income	5,370	3,520
	_____	_____
	156,663	143,899
Investments
Dividend income	258,224	247,805
Deposit account interest	10,595	7,896
	_____	_____
	268,819	255,701
	_____	_____
Total income	425,482	399,600
EXPENDITURE ON:
Charitable activities
Rates and water	3,247	2,600
Insurance	10,459	10,266
Light and heat	35,465	47,171
Surveyors fees	33,669	32,441
Refuse collection	1,990	3,457
Repairs and maintenance	115,114	210,663
Equipment, fixtures and fittings	2,717	8,817
Depreciation	96	144
Cleaning materials	1,910	1,039
Wages and salaries	134,936	121,123
Social security	8,506	5,996
Pension	1,854	1,368
Telephone	3,409	2,042
Advertising and stationery	1,102	1,093

CHIPPING SODBURY TOWN LANDS CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES (continued) for the Year Ended 31 December 2024

This page does not form part of the statutory financial statements

EXPENDITURE ON: Charitable activities (continued) Accountancy Legal & professional fees Auditors' remuneration Sundry expenses Grants to institutions Grants to individuals Total expenditure Net (expenditure)/income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure)	2024 £ 1,800 8,728 1,560 31,314 43,764 11,000 __ 452,282 _ 452,282 __ (26,800) 95,618 _ 68,818	2023 £ 1,800 7,227 1,560 9,736 37,123 11,580 __ 517,249 _ 517,249 __ (117,649) 327,960 _ 210,311