2021-03-31-accounts - Chippenham Borough Lands Charity

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		Page
Report ofthe Trustees	1	to	13
Report ofthe independent Auditors	14	to	16
Statement of Financial Activities		17
Balance Sheet		18
Cash Flow Statement		19
Notes to the Cash Flow Statement		20
Notes to the Financial Statements	21	to	33
Detailed Statement of Financial Activities	34	to	35

						31.3.21	31.3.20
			Unrestricted	Restricted	Endowment	Total	Total
			funds	fund	funds	funds	funds
		Notes		F	F	6
INCOME AND
ENDOWMENTS FROM
Donations and legacies		2	200			200
Charitable activities		4
Letting of properties,	room
hire and car park			6,245			6,245	10,737
Covid Job Retention	Scheme		1,051			1,051
Westmead project			300,000			300,000
Investment income			2,532		576,139	578,671	613,934
Other income							1,465
Total			310,028		576,139	886,167	626,136
EXPENDITURE ON
Raising funds		5			76,394	76,394	77,269
Charitable activities		6
Relief ofthe disadvantage			124,722			124,722	108,331
Advancement of education
and work with young	people		101,527			101,527	107,169
Promotion of other charitable
purposes			90,245			90,245	61,543
Westmead project			300,000			300,000
Other			206,514			206,514	201,246
Total			823,008		76,394	899,402	555,558
Net gains/(losses) on investments					2766,578	2766,578	~655233)
NET
INCOME/(EXPENDITURE)			(512,980)		3,266,323	2,753,343	(584,655)
Transfers between	funds	16	3,500,000		~3,500 000)
Net movement in funds			2,987,020		(233,677)	2,753,343	(584,655)
RECONCILIATION	OF
FUNDS
Total funds brought
forward			2,225,773		13,735,104	15,960,877	16,545,532
TOTAL FUNDS CARRIED
FORWARD			5,212,793		13,501,427	18,714,220	15,960,877

						31.3.21	31.3.20
			Unrestricted	Restricted	Endowment	Total	Total
		Notes	funds 6	fund 5	funds 6	funds f	fundsf
FIXEDASSETS
Tangible assets		11	787,529		130,022	917,551	931,485
Investments
Investments		12	3,194,244		12,328,496	15,522,740	14,234,824
Social investments		13	5,000			5,000	5,000
			3,986,773		12,458,518	16,445,291	15,171,309
CURRENT ASSETS
Debtors		14	1,067,804			1,067,804	167,213
Cash at bank and	in hand		344,335		1,042,909	1,387,244	760,350
			1,412,139		1,042,909	2,455,048	927,563
CREDITORS
Amounts falling due within
one year		15	(186,119)			(186,119)	(137,995)
NET CURRENT ASSETS			1,226,020		1,042,909	2,268,929	789,568
TOTAL ASSETS	LESS
CURRENT LIABILITIES			5,212,793		13,501,427	18,714,220	15,960,877
NET ASSETS			5,212,793		13,501,427	18,714,220	15,960,877
FUNDS		16
Unrestricted funds						5,212,793	2,225,773
Endowment funds						13,501,427	13,735,104
TOTAL FUNDS						18,714,220	15,960,877

	Ch	i	enham Borou h Lands	Charit
			Cash Flow Statement
		for	the Year Ended 31 March 2021
			Notes	31.3.21 f	31.3.20 f
Cash flows from operating activities Cash generated from operations			1	)7,353,770)	~565,444)
Net cash used in operating	activities			~7,353,770)	~565,444)
Cash flows from investing	activities
Purchase oftangible fixed assets				(934)
Purchase offixed asset investments				(1)	(182,914)
Sale offixed asset investments				1,478,662	571,457
Sale of social investments					6,500
Interest received				3,532	3,655
Dividends received				575,139	610,279
Net cash provided by investing activities				2,056,398	1,008,977
Cash flows from financing Expenditure attributable to	activities endowment			~76,394)	~77,269)
Net cash used in financing	activities			~76,394)	~77,2119)
Change in cash and cash	equivalents
in the reporting period				626,894	366,264
Cash and cash equivalents at the
beginning ofthe reporting	period			760,350	394,086
Cash and cash equivalents at the		end
ofthe reporting period				1,387,244	760,350

ACTIVITIES
			31.3.21	31.3.20
			6	5
Net income/(expenditure)	for the reporting	period (as per the
Statement ofFinancial	Activities)		2,753,343	(584,655)
Adjustments for:
Depreciation charges			14,868	15,296
(Gain)/losses on investments			(2,766,578)	655,233
Interest received			(3,532)	(3,655)
Dividends received			(575,139)	(610,279)
Expenditure attributable	to endowment		76,394	77,269
Increase in debtors Increase/(decrease) in creditors			(900,591) 48,125	(68,163) ~46,490)
Net cash used in operations			~),353))0)	~565444)

ANALYSIS OF C	HANGES IN NET FUNDS
		At 1.4.20	Cash flow	At 31.3.21
			F	F
Net cash
Cash at bank and	in hand	760,350	626,894	1,387,244
		760,350	626,894	1,387,244
Total		760,350	626,894	1,387,244

					Activity			31.3.21	31.3.20 f
					Letting of	properties,	room hire and car
	Rents received				park			6,245	10,737
	Grants				Covid Job	Retention	Scheme	1,051
	Grants				Westmead	project		300,000
								307,296	10,737
	Grants received,		included	in	the above,	are as follows:
								31.3.21	31.3.20
								6	F
	Wiltshire	Council						200,000
	Sport England							100,000
	Covid Job Retention Scheme							1,051
								301,051
5.	RAISING FUNDS
	Investment management			costs
								31.3.21	31.3.20 f
	Portfolio	management						112,815	114,154
	Sarasin	portfolio management			rebate			(36,421)	(36,885)
								76,394	77,269
6.	CHARITABLE ACTIVITIES				COSTS

					Grant
					funding of
					activities
				Direct	(see note
				Costs f	7) F	Totals 6
Relief ofthe		disadvantage			124,722	124,722
Advancement		of education	and work
with young	people				101,527	101,527
Promotion	of other charitable
purposes				58,792	31,453	90,245
Westmead	project			300,000		300,000
				358,792	257,702	616,494

			for t	he Year Ended 31 March 2021
GRANTS	PAYABLE
					31.3.21	31.3.20
					F
Relief ofthe disadvantage					124,722	108,331
Advancement of education		and work with young people			101,527	107,169
Promotion	of other charitable		purposes		31,453	12,762
					257,702	228,262
The total	grants paid to institutions			during the year was as follows:
					31.3.21 f	31.3.20 F
Relief ofthe disadvantaged					94,891	75,507
Advancement ofeducation		and work with young people			60,934	100,348
Promotion	of other charitable		purposes		29,953	12,762
					185,778	188,617

below:
				2021	2020
				F
Advancement	ofeducation	and work with young people		106,790	95,946
Promotion of	other charitable		purposes	33,923	11,982
Relief ofdisadvantaged				102,252	84,104
Total awarded	institutions	over 61,000		242,965	192,032
Food vouchers				19,150	10,865
Other grants provided to institutions below 61,000 and to individuals Write back creditor awards no paid out				20,328 40,814 ~24,741)~79,139)
				257,702	225,572

In addition	to	the stand	ard gr	ants provid	ed, further grants were given for spe	cific projects.
						2021	2020
						6	f
The RISE	Trust					7,000	7,000
Promotion	of	other charitable		purposes	totals tof33,923(2020:611,982)
						2021	2020
							6
Fringe February						13,420	4,000
Chippenham		Hospital	Radio				1,393
Chippenham		Folk Festival					6,590

GRANTS PAYABLE	- co	ntinued
Splash Wiltshire				4,849
The Rise Trust				7,200
Kandu Arts				1,200
Refashion my town				1,000
Youth Adventure Trust				1,554
Relief ofthe disadvantaged		totals tof102,252 (2020:f84,104)
				2021 f	2020 f
Alzheimers Support				2,837	7,333
Waste No Want Not					8,576
South Western Ambulance		Charity			1,600
Home Start					10,758
Wiltshire Community	Foundation				5,000
Doorway Wiltshire					1,627
Relate Mid Wiltshire				15,000	20,754
Age UK					10,981
Salvation Army				5,000	1,800
We Hear You				6,700
Dorothy House				15,000
Citizens Advice Wiltshire				14,595
Wiltshire Sight				2,000
Care Home Volunteers				5,000
Splitz				5,000
Chippenham Debt Centre				8,200
Chippenham Community		Eco Hub		15,000
SUPPORT COSTS
					Other
					charitable
			Management f	Finance F	costs F
Other resources expended			110,492	447	31,098
		Building	Admin	Governance
		sUpport f	sUpport f	costs f	Totals f
Other resources expended		16,393	32,740	15,344	206,514

Management
			31.3.21	31.3.20
			Other
			resources	Total
			expended	activities
				8
Salaries and	wages		67,004	60,059
Social security			3,806	3,213
Pensions			1,542	1,287
Sundries			4,507	8,498
Legal and professional			1,315	19,291
Land maintenance			32,318	29,905
			110,492	122,253
Finance
			31.3.21	31.3.20
			Other
			resources	Total
			expended f	activities 6
Bank charges			447	381
Other charitable costs
			31.3.21	31.3.20
			Other
			resources	Total
			expended	activities
			F	F
Salaries and	wages		7,793	8,340
Social security			26	33
Pensions			47
Insurance			1,467	1,378
Maintenance	of mobility	aids	6,897	2,687
Depreciation	oftangible	fixed assets	14,868	15,296
			31,098	27,734
Building support
			31.3.21	31.3.20
			Other
			resources	Total
			expended	activities
				F
Insurance			1,467	1,378
Light and heat			2,258	1,645
Repairs and	maintenance		12,668	10,943
			16,393	13,966

Admin su	ppo	rt
				31.3.21	31.3.20
				Other
				resources	Total
				expended 6	activities f
Insurance				1,467	1,379
Telephone				2,761	2,746
Postage and		stationery		2,289	1,964
Training				9,201	4,109
Memberships		and subscriptions			347
Computer	software and		maintenance	15,941	10,704
Advertising				1,081	1,480
				32,740	22,729
Governance		costs
				31.3.21	31.3.20
				Other
				resources	Total
				expended	activities
				F
Trustees'	expenses			2,000	602
Auditors'	remuneration			5,308	4,120
Auditors'	remuneration		for non audit
work				8,036	9,461
				15,344	14,183

	2021	2020 f
Wages and salaries	126,290	111,384
Social security costs	6,329	5,178
Pension	2,666	2,128
	135285	118,690

	The average monthly	number ofemployees	number ofemployees	was as follows:
					31.3.21	31.3.20
	Welfare Officer (part-time)				1	1
	Education Officer (part-time)				1	1
	Administration (part	time)			4	4
	No employees received emoluments		in excess of660,000.
11.	TANGIBLE FIXEDASSETS
				Freehold	Freehold	Community
				land	buildings	centres
				F	F	6
	COST
	At 1 April 2020			481,293	290,000	160,000
	Additions
	At 31 March 2021			481,293	290,000	160,000
	DEPRECIATION
	At 1 April 2020				5,800	6,400
	Charge for year				5,800	6,401
	At 31 March 2021				11,600	12,801
	NET BOOK VALUE
	At 31 March 2021			481,293	278,400	147,199
	At 31 March 2020			481,293	284,200	153,600
				Off-site	Office
				equipment	equipment	Totals
					6	6
	COST
	At 1 April 2020			79,800	31,759	1,042,852
	Additions				934	934
	At 31 March 2021			79,800	32,693	1,043,786
	DEPRECIATION
	At 1 April 2020			75,351	23,816	111,367
	Charge for year			891	1,776	14,868
	At 31 March 2021			76,242	25,592	126,235
	NET BOOK VALUE
	At 31 March 2021			3,558	7,101	917,551
	At 31 March 2020			4,449	7,943	931,485

						Shares	in
						group		Listed
						undertakings f		investments F	Totals
MARKET VALUE
At 1 April 2020								14,234,824	14,234,824
Additions									1
Disposals								(1,478,663)	(1,478,663)
Revaluations								2,766,578	2,766,578
At 31 March	2021						1	15,522,739	15,522,740
NET BOOK	VALUE
At 31 March	2021						1	15,522,739	15,522,740
At 31 March	2020							14,234,824	14,234,824
Investment	in group undertakings
Investments	held by the charity		include	a 81 investment		in a 100'/o owned subsidiary			company, CBLC
Trading Limited, a company		registered		in England	and	Wales (company		number: 12404706).

Split as fol	lows:
		20216	20206
Fixed interest		1,640,753	1,834,972
Equities		10,588,744	9,019,398
Property		356,719	433,105
Alternative	assets	1,182,371	1,330,077
Liquid assets		1,754,152	1,617,271
		15,522,739	14,234,823

	Notes to the Financial St for the Year Ended	Notes to the Financial St for the Year Ended	Notes to the Financial St for the Year Ended	Notes to the Financial St for the Year Ended	atements -continu 31 March 2021	ed
12.	FIXED ASSET INVESTMENTS - continued
	Cost or valuation	at 31 March 2021 is represented			by:
					Shares	in
					group		Listed
					undertakings		investments	Totals
							F	f.
	Valuation in 2021					1	15,522,739	15,522,740
13.	SOCIAL INVES'TMENTS
								Programme
								related
								investments
								loans
								f
	MARKET VALUE
	At 1 April 2020 and 31 March 2021							5,000
	NET BOOK VALUE
	At 31 March 2021							5,000
	At 31 March 2020							5,000
14.	DEBTORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
							31.3.21	31.3.20
	Trade debtors						200,362	1,026
	Other debtors						816,823	160,836
	Prepayments and	accrued		income			50,619	5,351
							1,067,804	167,213
15.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							31.3.21 f	31.3.20 f
	Trade creditors						171,419	128,045
	Other creditors						14,700	9,950
							186,119	137,995

MOVEM	EN	T	IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.4.20 f	in funds f.	funds f	31.3.21
Unrestricted			funds
General	fund			2,225,773	(512,980)	3,500,000	5,212,793
Endowment			funds
Other				13,735,104		(13,735,104)
Unapplied		Total Return			3,266,323	7,943,483	11,209,806
Permanent			Endowment			2,291,621	2,291,621
				13735104	3266323	~3500000)	13501 427
TOTAL	FUNDS			15,960,877	2,753,343		18,714,220

				Incoming	Resources	Gains and	Movement
				resources f	expended f	losses f	in funds f
Unrestricted	funds
General fund				310,028	(823,008)		(512,980)
Endowment	funds
Unapplied Total		Return		576,139	(76,394)	2,766,578	3,266,323
TOTAL FUNDS				886,167	~899402)	2766578	2753,343
Comparatives		for movement	in funds
						Net
						movement	At
					At 1.4.19 f	in funds f	31.3.20 f
Unrestricted	funds
General fund					2,084,426	141,347	2,225,773
Endowment	funds
Other					14,461,106	(726,002)	13,735,104
TOTAL FUNDS					16,545,532	~584655)	15960,877

Compara	tive	net movement in fu	nds, included in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			F		F	F
Unrestricted		funds
General	fund		626,136	(478,289)	(6,500)	141,347
Endowment		funds
Other				(77,269)	(648,733)	(726,002)
TOTAL	FUNDS		626,136	(555,558)	(655,233)	(584,655)

				Net	Transfers
				movement	between	At
			At 1.4.19 f	in funds f	funds f	31.3.21 f
Unrestricted		funds
General	fund		2,084,426	(371,633)	3,500,000	5,212,793
Endowment		funds
Other			14,461,106	(726,002)	(13,735,104)
Unapplied	Total Return			3,266,323	7,943,483	11,209,806
Permanent		Endowment			2,291,621	2,291,621
			14,461,106	2,540,321	J3,500,000)	13,501,427
TOTAL FUNDS			16,545,532	2,168,688		18,714,220

A current yea above are as	r 12 months and pri follows:	or year 12 months com	bined net movem	ent in funds,	included in th
		Incoming	Resources	Gains and	Movement
		resources f	expended	losses f	in funds f
Unrestricted	funds
General fund		936,164	(1,301,297)	(6,500)	(371,633)
Endowment	funds
Other Unapplied Total Return		576,139	(77,269) ~76,394)	(648,733) 2,766,578	(726,002) 3,266,323
		576139	~153663)	2,117845	2540,321
TOTAL FUNDS		1,512,303	~),454,960)	2,111,345	2,168,688

The trustees h 810,000,000.	av	e un	dertaken	to maintai	n the total endowm	ent fund at a va	lue of no lowe
							Total
					Permanent	Unapplied	Endowment
					endowmentf	total return 6
At 1 April 2020
Gift component	at	1 June 2020			2,291,621	11,443,483	13,735,104
Total					2,291,621	11,443,483	13,735,104
Movements in	the reporting			period:
Investment return						576,139	576,139
Realised gains and (losses)						2,766,578	2,766,578
Less: investment		management		costs		(76,394)	(76,394)
Transfer to unrestricted			fund			~3,500,0003	~3,500.000
Net movements		in reporting		period		(233,677)	(233,677)
At 31 March 2021
Gift component	ofthe		permanent
endowment					2,291,621		2,291,621
Unapplied total	return					11,209,806	11,209,806
Total					2,291,621	11,209,806	13,501,427

		Detailed Statement of Fina for the Year Ended 31	ncial Activities March 2021
			31.3.21	31.3.20
			6	F
INCOME AND ENDOWMENTS
Donations and legacies
Donations			200
Investment income
Other fixed asset invest - Fll			575,139	610,279
Interest receivable			3,532	3,655
			578,671	613,934
Charitable activities
Rents received			6,245	10,737
Grants			301,051
			307,296	10,737
Other income
Sundry receipts				1,465
Total incoming resources			886,167	626,136
EXPENDITURE
Investment management	costs
Portfolio management			112,815	114,154
Sarasin portfolio management		rebate	~36,421)	~36,885)
			76,394	77,269
Charitable activities
Salaries and wages			51,493	42,985
Social security			2,497	1,932
Pensions			1,077	841
Insurance			1,467	1,378
Light and heat			2,258	1,645
Westmead project			300,000
Grants to institutions			185,778	188,617
Grants to individuals			71,924	39,645
			616,494	277,043
Support costs
Management
Salaries and wages			67,004	60,059
Social security			3,806	3,213
Pensions			1,542	1,287
Sundries			4,507	8,498
Legal and professional			1,315	19,291
Land maintenance			32,318	29,905
			110,492	122,253

				Chi enham Borou h Lands Charit
				Detailed Statement of Financial Activities
				for the Year Ended 31 March 2021
					31.3.21	31.3.20
Management
Finance
Bank charges					447	381
Other charitable costs
Salaries and wages					7,793	8,340
Social security					26	33
Pensions					47
Insurance					1,467	1,378
Maintenance of mobility		aids			6,897	2,687
Depreciation oftangible		fixed assets			14,868	15,296
					31,098	27,734
Building support
Insurance					1,467	1,378
Light and heat					2,258	1,645
Repairs and maintenance					12,668	10,943
					16,393	13,966
Admin support
Insurance					1,467	1,379
Telephone					2,761	2,746
Postage and stationery					2,289	1,964
Training					9,201	4,109
Memberships and subscriptions						347
Computer software and		maintenance			15,941	10,704
Advertising					1,081	1,480
					32,740	22,729
Governance costs
Trustees' expenses					2,000	602
Auditors' remuneration					5,308	4,120
Auditors' remuneration		for non		audit work	8,036	9,461
					15,344	14,183
Total resources expended					899,402	555,558
Net (expenditure)/income			before gains
and losses					(13,235)	70,578
Realised recognised	gains and			losses
Realised gains/(losses)	on		fixed	asset
investments					2,766,578	(655,233)
Net income/(expenditure)					2,753,343	~584,655)