2022-03-31-accounts - Chippenham Borough Lands Charity

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	Page	Page
Report ofthe Trustees	1	to	15
Report ofthe Independent Auditors	16	to	18
Statement of Financial Activities		19
Balance Sheet		20
Cash Flow Statement		21
Notes to the Cash Flow Statement		22
Notes to the Financial Statements	23	to	36
Detailed Statement of Financial Activities	37	to	38

	f	or the Year En	ded 31 Marc	h 2022
					31.3.22	31.3.21
		Unrestricted	Restricted	Endowment	Total	Total
		funds	fund	funds	funds	funds
	Notes	F	E	F	F	E
INCOME AND
ENDOWMENTS FROM Donations and legacies	2					200
Charitable activities	4
Letting of properties, room hire and car park Covid Job Retention Scheme Westmead project		3,214			3,214	6,245 1,051 300,000
Investment income		89		501,528	501,617	578,671
Total		3,303		501,528	504,831	886,167
EXPENDITURE ON Raising funds				74,340	74,340	76,394
Charitable activities Relief ofthe disadvantage	6	90,116			90,116	124,722
Advancement of education and work with young people		26,503			26,503	101,527
Promotion of other charitable purposes Westmead project		116,130 1,710,530			116,130 1,710,530	90,245 300,000
Other		202,086		1,608	203,694	206,514
Total		2,145,365		75,948	2,221,313	899,402
Net gains on investments				317,807	317,807	2,766,578
NET INCOME/(EXPENDITURE)		(2,142,062)		743,387	(1,398,675)	2,753,343
RECONCILIATION OF
FUNDS
Total funds brought forward		5,212,793		13,501,427	18,714,220	15,960,877
TOTAL FUNDS CARRIED FORWARD		3,070,731		14,244,814	17,315,545	18,714,220

					31.3.22	31.3.21
		Unrestricted	Restricted	Endowment	Total	Total
		funds	fund	funds	funds	funds
	Notes	f		F	F
FIXEDASSETS Tangible assets	12	1,224,935		130,022	1,354,957	917,551
Investments Investments Social investments	13 14	1 2,000		13,932,645	13,932,646 2,000	15,522,740 5,000
		1,226,936		14,062,667	15,289,603	16,445,291
CURRENT ASSETS Debtors Cash at bank and in hand	15	1,612,046 334,025		182,147	1,612,046 516,172	1,067,804 1,387,244
		1,946,071		182,147	2,128,218	2,455,048
CREDITORS
Amounts falling due within one year	16	(102,276)			(102,276)	(186,119)
NET CURRENT ASSETS		1,843,795		182,147	2,025,942	2,268,929
TOTAL ASSETS LESS CURRENT LIABILITIES		3,070,731		14,244,814	17,315,545	18,714,220
NE'TASSETS		3,070,731		14,244,814	17,315,545	18,714,220
FUNDS Unrestricted funds Endowment funds	17				3,070,731 14,244,814	5,212,793 13,501,427
TOTALFUNDS					17,315,545	18,714,220

Chi	enham Borou h Lands	Charit
	Cash Flow Statement
for	the Year Ended 31 March 2022
	Notes	31.3.22 f	31.3.21 f
Cash flows from operating activities Cash generated from operations	1	~2,755, 160)	~)1,,35 33,,)10 99)
Net cash used in operating activities		~22 75959,, 1)600)	~1),385938,, 1)0099)
Cash flows from investing activities Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments Interest received Dividends received		(452,482) (193) 1,911,094 1,595 500,022	(934) (1) 1,478,661 3,532 575,139
Net cash provided by investing activities		1,960,036	2,056,397
Cash flows from financing activities Expenditure attributable to endowment		~75,948)	~76„394)
Net cash used in financing activities		~75,948)	~76,394)
Change in cash and cash equivalents in the reporting period		(871,072)	626,894
Cash and cash equivalents at the beginning ofthe reporting period		1,387,244	760,350
Cash and cash equivalents at the end ofthe reporting period		516,172	1,387,244

RECONCILIATION OF ACTIVITIES	NE	T (EXPENDITURE)	/INCOME 'TO NET CASH	FLOW FROM	OPERATING
				31.3.22	31.3.21
					F
Net (expenditure)/income Statement of Financial	for the reporting Activities)		period (as per the	(1,398,675)	2,753,343
Adjustments for: Depreciation charges Gain on investments Interest received Dividends received Expenditure attributable to endowment Increase in debtors (Decrease)/increase in creditors				15,076 (317,807) (1,595) (500,022) 75,948 (544,242) ~83,II43	14,868 (2,766,578) (3,532) (575,139) 76,394 (900,591) 48,126
Net cash used in operations				~2,755, 150)	~1,353,109)
ANALYSIS OF CHANGES		IN NET FUNDS
			At 1.4.21	Cash flow	At 31.3.22
			F	F	F
Net cash Cash at bank and in hand			1,387,244	~II71,072)	516,172
			1,387,244	871,072	516,172
Total			1,387,244	~871,072)	516,172

2.	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES				31.3.22 f	31.3.21
	Donations								200
3.	INVESTMENT INCOME							31.3.22	31.3.21
	Other fixed asset invest-		Fll					500,022	575,139
	Interest receivable							1,595	3,532
								501,617	578,671
4.	INCOME FROM CHARITABLE				ACTIVITIES			31.3.22	31.3.21
				Activity				5	5
	Rents received Grants			Letting of park Covid Job		properties, Retention	room hire and car Scheme	3,214	6,245 1,051
	Grants			Westmead		project			300,000
								3,214	307,296
	Grants received, included		in	the	above,	are as follows:		31.3.22	31.3.21
								5	E
	Westmead Project Covid Job Retention	Scheme							300,000 1,051
									301,051
5.	RAISING FUNDS
	Investment management		costs					31.3.22	31.3.21
								5
	Portfolio management Sarasin portfolio management				rebate			110,956 j36,616)	112,815 (36,421)
								74,340	76,394

CHARITABLE ACTIVITIE	S	S
				Grant
				funding	of
				activities		Support
			Direct	(see note		costs (see
			Costs f	7) F		note 8) f	Totals f
Relief ofthe disadvantage				90,116			90,116
Advancement ofeducation	and work
with young people				26,503			26,503
Promotion ofother charitable
purposes Westmead project			63,462	52,668		1,710,530	116,130 1,710,530
			63,462	169,287		1,710,530	1,943,279
GRANTS PAYABLE
						31.3.22	31.3.21
						f	F
Relief ofthe disadvantage Advancement ofeducation and work with young people Promotion of other charitable purposes						90,116 26,503 52,668	124,722 101,527 31,453
						169,287	257,702
The total grants paid to institutions		during the year was as follows:				31.3.22	31.3.21
Relief ofthe disadvantaged Advancement of education and work with young people Promotion of other charitable purposes						41,798 25,417 48,618	94,891 60,934 29,953
						115,833	185,778

			2022 f	2021
Advancement ofeducation and work with young people Promotion of other charitable purposes Relief of disadvantaged			58,233 61,214 39,612	106,790 33,923 102,252
Total awarded institutions	over F1,000		159,059	242,965
Food vouchers			16,800	19,150
Other grants provided to institutions Write back creditor awards not paid		below F1,000 and to individuals out	40,375 20,328 ~46 947)~22,051)
			169,287	260,392

each year. Special needs units in the ar Chippenham receive f6,000 per year.	ea each rece	ive E1,500 per year and Wiltshir	e College
In addition to the standard grants provided,	further grants	were given for specific projects. 2022	2021
		F	E
The RISETrust			7,000
Promotion of other charitable purposes totals to 661,214		(2021:F33,923) 2022	2021
		E	6
Splash Wiltshire The Rise Trust Kandu Arts		3,860	4,849 7,200 1,200
Refashion my town Youth Adventure Trust Fringe February Chippenham Borough Lands Charity Access Safety Chippenham Sea Cadets Chippenham Town Council Chippenham Tri Club Pewsham Community Centre Association Sheldon Road Methodist Church Beacon Centre		14,400 13,900 2,000 2,000 1,500 3,000 2,770 1,000 1,200	1,000 1,554 13,420
The Stay Safety Initiative Wiltshire Outdoor Learning Team Wiltshire Scrapstore 8 Resource Centre AKA Dance		1,500 1,500 1,000 1,300
Casson 8 Friends		1,400
Chippenham Folk Festival Chippenham Museum & Hertiage Centre Curious Company The Bean Spillers Wiltshire Rural Music		1,500 1,800 1,500 1,224 1,360
Wiltshire Swindon History Centre		1,500
Relief ofthe disadvantaged totals to F39,612(2021: F102,252) 2022 f			2021 E
Alzheimers Support Doorway Wiltshire Relate Mid Wiltshire Salvation Army We Hear You Dorothy House Citizens Advice Wiltshire		15,000	2,837 15,000 5,000 6,700 15,000 14,595
Wiltshire Sight Care Home Volunteers Splitz Chippenham Debt Centre Chippenham Community Eco Hub Carer Support Wiltshire Children's Hospice South West Chippenham 8 District Talking Newspapers Wilts & Berks Canal Trust		2,078 10,000 1,500 4,825	2,000 5,000 5,000 8,200 15,000

GRANTS PAYABLE -continued	GRANTS PAYABLE -continued
Wiltshire Bobby Van Trust Wiltshire Mind				2,500 3,709
SUPPORT	COSTS
					Other
					charitable
			Management f	Finance E	costs f
Other resources expended			137,077	2,089	24,001
Westmead	project
			137,077	2,089	24,001
		Building	Admin	Governance
		sUpport	sUpport 8	costs F	Totals 8
Other resources expended Westmead project		5,313	23,270	11,944 1,710,530	203,694 1,710,530
		5,313	23,270	1,722,474	1,914,224

Management
	31.3.22	31.3.21
	Other
	resources	Total
	expended f	activities
Salaries and wages Social security Pensions	78,447 4,703 1,750	67,004 3,806 1,542
Sundries Legal and professional Land maintenance	9,819 15,329 27,029	4,507 1,315 32,318
	137,077	110,492
Finance	31.3.22	31.3.21
	Other
	resources	Total
	expended F	activities f
Bank charges	2,089	447

Otherchar	ita	bleco
						31.3.22	31.3.21
						Other
						resources	Total
						expended	activities
						6
Salaries and wages Social security Pensions Insurance						7,371 34 1,424	7,793 26 47 1,467
Maintenance Depreciation		of mobility oftangible	aids fixed assets			96 15,076	6,897 14,868
						24,001	31,098
Building support						31.3.22	31.3.21
						Other
						resources	Total
						expended	activities
						6	E
Insurance Light and heat Repairs and maintenance						1,424 1,828 2,061	1,467 2,258 12,668
						5,313	16,393
Admin support						31.3.22	31.3.21
						Other
						resources	Total
						expended	activities
						F	F
Insurance						1,424	1,467
Telephone Postage and stationery Training Computer software and Advertising			maintenance			3,523 1,771 3,703 10,775 2,074	2,761 2,289 9,201 15,941 1,081
						23,270	32,740
Governance		costs				31.3.22	31.3.21
				Other
				resources	Westmead	Total	Total
				expended 8	project 6	activities f	activities 6
Trustees' Auditors'	expenses remuneration			556 5,700		556 5,700	2,000 5,308
Auditors'	remuneration		for non audit
work				5,688		5,688	8,036
Exceptional		items			1,710,530	1,710,530
				11,944	1,710,530	1,722,474	15,344

	2022	2021
	F	6
Wages and salaries Social security costs Pension	141,138 7,732 2,975	126,290 6,329 2,666
	151,846	135,285

The average monthly number ofemployees dur	ing the year was as follows:
	31.3.22	31.3.21
Welfare Officer	1	1
Education Officer	1	1
Administration	5	4

'TANGIBLE FIXEDASSETS
	Freehold	Freehold	Community
	land	buildings	centres
	E	6	6
COST
At 1 April 2021 Additions	481,293	290,000 448,734	160,000
At 31 March 2022	481,293	738,734	160,000
DEPRECIATION
At 1 April 2021 Charge for year		11,600 5,800	12,801 6,401
At 31 March 2022		17,400	19,202
NET BOOK VALUE
At 31 March 2022	481,293	721,334	140,798
At 31 March 2021	481,293	278,400	147,199
	Off-site	Office
	equipment	equipment	Totals
		6	F
COST
At 1 April 2021 Additions	79,800	32,693 3,748	1,043,786 452,482
At 31 March 2022	79,800	36,441	1,496,268
DEPRECIATION
At 1 April 2021 Charge for year	76,242 709	25,592 2,166	126,235 15,076
At 31 March 2022	76,951	27,758	141,311
NET BOOK VALUE
At 31 March 2022	2,849	8,683	1,354,957
At 31 March 2021	3,558	7,101	917,551

FIXEDASSET INVESTMENTS
	Shares	in
	group		Listed
	undertakings 6		investments f	Totals f
MARKET VALUE
At 1 April 2021 Additions		1	15,522,739 193	15,522,740 193
Disposals Revaluations			(1,908,094) 317,807	(1,908,094) 317,807
At 31 March 2022		1	13,932,645	13,932,646
NET BOOK VALUE
At 31 March 2022		1	13,932,645	13,932,646
At 31 March 2021		1	15,522,739	15,522,740

Split as follows:
	2022	2021
	f
Fixed interest	953,951	1,640,753
Equities Property Alternative assets	9,497,389 760,061 1,729,141	10,588,744 356,719 1,182,371
Liquid assets	992,103	1,754,152
	13,932,645	15,522,739

			Shares	in
			group		Listed
			undertakings		investments	Totals
			5		F
Valuation Cost	in	2022		1	3,992,520 9,940,125	3,992,521 9,940,125
				1	13,932,645	13,932,646

14.	SOCIAL INVESTMEN'TS
						Programme
						related
						investments
						loans
						E
	MARKET VALUE At 1 April 2021 Repayments in year					5,000 ~3,000)
	At 31 March 2022					2,000
	NET BOOK VALUE
	At 31 March 2022					2,000
	At 31 March 2021					5,000
15.	DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR			31.3.22	31.3.21
	Trade debtors					200,362
	Other debtors				1,591,645	816,823
	Prepayments and accrued		income		20,401	50,619
					1,612,046	1,067,804
16.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR		31.3.22	31.3.21
						E
	Trade creditors				81,031	171,419
	Other creditors				21,245	14,700
					102,276	186,119
17.	MOVEMENT IN FUNDS
					Net
					movement	At
			At	1.4.21	in funds	31.3.22
				F	E	E
	Unrestricted funds
	General fund		5,212,793		(2,142,062)	3,070,731
	Endowment funds
	Unapplied Total Return Permanent Endowment		11,209,806 2,291,621		743,387	11,953,193 2,291,621
			13,501,427		743,387	14,244,814
	TOTAL FUNDS		11!,714,220		~1,333,575)	17,315,545

Net movement in funds, incl	ude	d in th	e above	are as follo	ws:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	F	F
Unrestricted funds
General fund				3,303	(2,145,365)		(2,142,062)
Endowment funds
Unapplied Total Return				501,528	(75,948)	317,807	743,387
TOTAL FUNDS				504,831	~2,221,313)	317,807	~1,398,675)
Comparatives for movement		in funds
					Net	Transfers
					movement	between	At
				At 1.4.20	in funds	funds	31.3.21
				F	F
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 Permanent Endowment					3,266,323	7,943,483 2,291,621	11,209,806 2,291,621
			13,735,104		3,266,323	~3,500,000	13,501,427
TOTAL FUNDS			15,960,877		2,753,343		18,714,220
Comparative net movement	in	funds,	included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources E	expended E	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				lll)6,167	~II99,402)	2,766,578	2,753,343

A current ye	ar 12 months and pri	or year 12months combi	ned position i	s as follows:
			Net	Transfers
			movement	between	At
		At1.4.20 f	in funds 6	funds f	31.3.22 F
Unrestricted	funds
General fund		2,225,773	(2,655,042)	3,500,000	3,070,731
Endowment	funds
Other		13,735,104		(13,735,104)
Unapplied Total Return Permanent Endowment			4,009,710	7,943,483 2,291,621	11,953,193 2,291,621
		13,735,104	4,1109,710	~3,500,000	14,244,814
TOTAL FUNDS		15,960,877	1,354,668		17,315,545

A current yea above are as	r 12 months and prio follows:	r year 12 months com	bined net movem	ent in funds,	included in th
		Incoming	Resources	Gains and	Movement
		resources f	expended E	losses F	in funds F
Unrestricted	funds
General fund		313,331	(2,968,373)		(2,655,042)
Endowment	funds
Unapplied Total Return		1,077,667	(152,342)	3,084,385	4,009,710
TOTAL FUNDS		1,390,998	~3,120,7157	3,084,385	1,354,668

F10,000,000.
						Total
				Permanent	Unapplied	Endowmen
				endowment	total return	t
				F	E
At 1 April 2021				2,291,621	11,209,806	13,501,427
Total				2,291,621	11,209,806	13,501,427
Movements in the reporting Investment return			period:		501,528	501,528
Realised gains Less: investment	and (losses) management		costs		317,807 (75,948)	317,807 (75,948)
Transfer to unrestricted		fund
Net movements	in reporting		period		743,387	743,387
At 31 March 2022
Gift component	ofthe	permanent
endowment				2,291,621		2,291,621
Unapplied total	return				11,953,193	11,953,193
Total				2,291,621	11,953,193	14,244,814

		for the Year Ended 31	March 2022
			31.3.22	31.3.21
			F
INCOME AND ENDOWMENTS
Donations and legacies
Donations				200
Investment income
Other fixed asset invest - Fll			500,022	575,139
Interest receivable			1,595	3,532
			501,617	578,671
Charitable activities
Rents received			3,214	6,245
Grants				301,051
			3,214	307,296
Total incoming resources			504,831	886,167
EXPENDITURE
Investment management	costs
Portfolio management Sarasin portfolio management		rebate	110,956 ~36,616)	112,815 ~36,421)
			74,340	76,394
Charitable activities
Salaries and wages			55,320	51,493
Social security			3,029	2,497
Pensions			1,192	1,077
Insurance			1,424	1,467
Light and heat			1,828	2,258
Westmead project				300,000
Travel 8 Accommodation			669
Grants to institutions			115,833	185,778
Grants to individuals			53,454	71,924
			232,749	616,494
Supportcosts
Management
Salaries and wages			78,447	67,004
Social security			4,703	3,806
Pensions			1,750	1,542
Sundries			9,819	4,507
Legal and professional Land maintenance			15,329 27,029	1,315 32,318
			137,077	110,492

			Chi enham Borou h Lands Charit
			Detailed Statement ofFinancial Activities
			for the Year Ended 31 March 2022
				31.3.22	31.3.21
				F	F
Management
Finance
Bank charges				2,089	447
Other charitable costs
Salaries and wages				7,371	7,793
Social security					26
Pensions				34	47
Insurance				1,424	1,467
Maintenance of mobility		aids		96	6,897
Depreciation oftangible		fixed assets		15,076	14,868
				24,001	31,098
Building support
Insurance				1,424	1,467
Light and heat				1,828	2,258
Repairs and maintenance				2,061	12,668
				5,313	16,393
Admin support
Insurance				1,424	1,467
Telephone				3,523	2,761
Postage and stationery				1,771	2,289
Training				3,703	9,201
Computer software and		maintenance		10,775	15,941
Advertising				2,074	1,081
				23,270	32,740
Governance costs
Trustees' expenses				556	2,000
Auditors' remuneration				5,700	5,308
Auditors' remuneration		for non	audit work	5,688	8,036
Exceptional items				1,710,530
				1,722,474	15,344
Total resources expended				2,221,313	899,402
Net expenditure before		gains	and losses	(1,716,482)	(13,235)
Realised recognised	gains and losses
Realised gains/(losses)		on fixed	asset
investments				317,807	2,766,578
Net (expenditure)/income				~1,398,675)	2,753,343