(HI￿ENH1N ie Borough Lands Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2025 Chippenham Boiough Lands Chaiily | Niii)Iber'. 270062 CIIPPENHAM ie Borough Lands Contei)ts of the Financial Stalemenls forthè Year Ended 31 Marcli 2025 Page Report ol the Trustees Report of the Indepèndent Auditors Statement of Finan¢ial Activities Balance Sheet Cash Flow Statemenl Notes lo the Cash Flow Slalemenl Notes lo the Financial Slalemenls Delailerl Slalemenl of Financial Aclwilies 21023 241026 27 28 29 30 311045 461047 Cl)ipptsnham Burough Lands Charity l Number.. 270062 Page 1 CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands The Trustees ol Chippenham Borough Lands Charity ('Ihe charily'l are pleased lo present their annual report which provides a SLJmmary ol performan¢e and achievements - and the audited financial statements for the year elided 31 sl Marcl) 2025. The Trustees have adopted the provisions of the Slalemenl of Recommended Practi￿ "AccoLJnling and Reporting by Chafilies" IFRS 1021 in preparing the annual reporl and financial slalemenls ol Ihe charily. The fin8n¢ial slalemenls have been pieparerl in accordance with the accounting policies sel out in notes to the accounts and comply wilh the Chaiily's governing document, the Charities Act 2011 and Accounting and Reporting by Chaiilies.. Slalemenl of Recoinmended Practice applicable lo chaiilies preparing their accounts in accordance willi the Financial Reporiing Standard applicable in the UK and Republic of Ireland published on 16 July 2014. Al)0411 Cliippeiiham Boroii(Jh Lands Charlly Improving the wellbelng of our community through grants> guidance, and great places Borough Lands Chippenham Borough Lands Charity ICBLCI is a place-based, granl-making charity enhancing the wellbeing of the people of Cliippenhdm. We support local people and organisalions through funding. encouragement. and guidance, ensuring that all generations can grow and succeed. Our subslanlial endowment generates an annual incoine dedicated lo enriching lives. A sizeable portion, funds grants and finaiicial assistance helping Chippenham residents. By benelilling the people of Chippenham. Ilie Charity maintains Iiigh levels ol support thal aids diverse groups in the lown communily. Chippenliam Borough Lands Charily stewards over 70 acre5 of community gieen space. Originally bestowed lo Chippei)ham by way of a 1fJ54 Royal Charter from Queen Mary l. the charily l)as safeguarded these historic 'Borough Lands" Ilirough changing limes. In recent years we have invested in enviroiimenlal and recreational developineiils improvements across our laiid assels. Weslinead Op8n Space now fealuies exteiisive tree plai)ling. a SCLilplure Irail, and a network of walking palhs. Weslinead Playii?g Field is home lo Tlie Arc climbing cenlre, supported by a purpose-buiS1 bowl skalepaik and bespoke wooden play area. offering aclivilies for the whole family. Baydtsiis Mea(low, a wildflower meadow, and Mortii??ores Wood, an ancient woodland, offer public acGess and enjoynienl of Ihese natural green spaces. Our eslale includes two Grade 11 listed buildings, The Jubilee Building, and Bank Houso (which serves as our main office), a community hall (Pewslian? Coininuiiity Ceiilre} and Iwo car parks {W6$1mead Lai)e and Wesliiiead Opeii Space). CBLC'S origins dale ba¢k lo a peiiod when Chippenliain was goveined by a Bailill and twelve 8urgesses. Eslablished by Queen Mary I's charter iii 1554, these Bur9esses were responsible for managing the town's lands and resources. ensuring the proceeds supported public infraslruclure and lo¢al governance. CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands The lands, originally part ol Lord Hungerford's e51ales. were granted lo alleviate financial burdens and support public services. The Burgesses were responsible for Inanaging these lands and ensuring their pro¢eeds were used lor the community's benefit. CBLC was established lo manage these historical lands, ensuring they continued lo seNe the communily as originally intended by the charters. The charity oversees Ihe assets, invests the proceeds, and uses the income lo support local projects. inlraslruclure. and cornmunily welfare, maintaining the public benefit envisioned by the original land granls. Chippenham Borough Lands Chaiily is a modern conlinualion of the Burgesses. historical role in managing Ihe town's lands and resources. These lands, tTTranaged by Ihe Burgesses, were inle4)ded lo support the ¢ominunily and maintain inlraslruclure a mission that the CBLC upholds tod8y. From Tudor-era OTigins lo modern advancements benelilting residents today, CBLC serves as vigi18nl custodian of these treasured communal green spaces for both cuirenl and fuluie geneialiDns. Our Trustees are custodians of our endowment funds and land for the benefit ol our community, using these Iransparenlly. efficiently, effectively and in response lo the needs of Chippenham residents. Our Oblectlves A Chippenham where everyone can thrive Borough Lands Tl)e objecls of the Charily are sel out below and are acliieved Ihrough our c4ssels and making grants lo appropriate individuals and organisalions. In ei)couraging applications from Ilie IoLal communily, the Trustees conlirin they comply willi the duly lo have due regard lo 11)e Cliarily Conimission's general guidan¢e on publi¢ benefit. al The relief of the aged, sick, disabled, or poor inhabilanls of the Parisli of Chiijpenh2m. bl The provisioii or assistance in i)rovision, for the benefit ol the inhabilanls ol the Parish of Cl)ippenhain and ils 1i8ighbourhood or any seclioi) of those inhabilanls, of facilities for recrealion oi oll)er leisure-linie occupation where that provisioii is cl)arilable by viriue of the Charilies Acl 2011 cl The advancemenl of education for the beiiefil of the inhabilanls ol the Parish of Chippenham. dl The promolioii of any other charitable purpose Iwhelher or not ol a nature similar lo any purpose specified in paragraphs a, b, and c above) for the benefit of the inhabilanls of the Parish of Chippenham CHIPPENHAM Borough Lands Report of the Trustees for the Year Ended 31 March 2025 Our Grant making and activities Chippenham Borough Lands Charity invites grant applicalions from eligible individuals and organisalions. Our Grants lo Individuals assist individuals in various forms, incliiding mobilily aids. wliile goods. training courses, Iravel passes. bankruptcy lees, furniture. and food vouchers. We also support numerous charities, non-profit organisalions, education bodies and community groups dedicated lo serving Chippenham. Chrfstmas Voucher Scheme IE46,4751 42.9% Grants for IndSvlduals 1£61.8341 CBLC maintains strong referial relalionships with community partners like councils, charilies, schools and advocacy non-profils. Referrals ollen emanate from these enlilies, and we refrain from duplicating support available through slalulory provisions or other agencies. Applicants also learn about opportunities Ihrough oulreach events, the CBLC website. and social media. Grant Maiiageis are ollen able lo assist applicants by siollposling lo other sources ol help which might be vailable c?nd appiopriale lo them, either in addition lo any help wliicli Ilie Charity can give or as ali alleinalive. This "signposlii)g" woiks bolh ways, willi Iliese sources also referiing applicants lo the Cl)arily who might nol ollietwise have done so. Our application process, guided by means-lesling and established policies, priorilises impaclful assistance. Applications can be completed 01)line by applicants directly, or with Ilie l)elp Iroin a trusted individual or referral organisalion. We also offer regular oiilrersl and 24 single-year giants lolalling £110.002. We distributed the first- year payment lolal of £67,OOQ for our mulli-year grants. This dual approach provides organi5alional stability foF essential services while maintaining the Ilexibilily lo respond quickly lo emerging community needs. Funded organisalions work ai)d services will reacl) an eslimaled 19,483 Chippenham residents with our grant portlolio addressing communily challenges across four key areas.. Menlal health & wellbeing funding supporting counselling services, school-based menlal heallh provision. and Iherapeulic aclivilies, directly helping individuals access vital support. Poverly & crisis support funding e5senlial services including food baiiks, debt advice. furniture provision. and emergency support for households facing hardsliip, providing both crisis intervention and palliways lo financial slabilily. Youll) & education funding supported music education, digital safely training, outdoor experiences, school social funds, enhanced facilities and removing finai)cial barri2rs Ihal prevent young people from accessing opporlunilies. Community Connection & inclusion funding inclusive sport, inlergeneralional events, 8nd accessible community aclivilies, combating i501alion and buildiiig social cohesion across age groups and abilities. These grants recognise that aonneclion and belonging aTe fundamental lo wellbeing, creating spaces where all residents cai) participate regardless ol Income, age. or disability. Each grant represents our commitment lo fostering a Ihriving, inclusive community in Chippenham. The breakdown that follows provides Iransparency on each grant's purpose and expected impacl. Storage Shed Orgaiiisatioii.. 11th Chippenham Guides Ainouiil Awariled: £57J Project Tyi)e.' Equipinenl purchase Tl)is small grant enabled the 11th Chippenham Guides lo purchase a secure storage shed for their outdoor and aclivily equipment. The shed ensures essential resources are safely stored and readily ac¢essible, supporting a wide range of confiden¢e-building, crealive, and communily-based activities for local girls. Clilppeiihain Folk Festival 2025 Orgaiiisatioii- Chippenliain Folk Festival CIC Ainoiiiit Awarded.. F18,000 Project Type.. Event funding Imulli-year 3 years) CBLC fuiidiiig supports the feslival's free, non-licketed events in 2025, 2026 and 2027 paying for the Community Stage and associated ¢osls, ensuring inclusive access for Chippenham residents. Cenlred around Island Park, the festivals feature free performances, music and dance workshops, children's activities, and 'have-a-go" sessions for all ages. The event promotes crealivily, wellbeing, physical activity, and soGial conneclic)n. Our funding helps lo keep Ihese opportunities accessible lo everyone, regardless ol income or b8ckground. CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands New Sound Mlxlng Desk Organisatioii: Chippenham Hospital Radio Amouiit.. £2.820 Type.. Equipment Funded a new mixing desk lo enhai)ce outside broadcasts al local events. Chippenham Hospital Radio serves 7,000 monthly listeners with music and health infoimalion. The project boosts communily connection, supporls local musicians. and promotes mental wellbeing through music. Clirlstma5 Afteriioon for the Over 605 Orgaiilsatlon: Chippenham Town Council Ainouiit Awarded.. £1,339 Project Type: Event lunding This festive event ollered free entry for over-60s in Chippenham lo enjoy afternoon lea, crafts, and a school choir performance. Designed lo reduce loneliness and bring generations together, this lully booked event supporled older residenls, wellbeing while slrenglhening community lies. Tlie Dlgilal Empowernient Programine Orgaiilshtloii.. The Slay Safe Initiative CIC Ainoiinl- £2,850 Type- Project funding A one-off programme for the three Chippenh8m secondary schools. equipping sludanls with digital safely skills Ihrougl) workshops arid assemblies on cyberbullying, social media, and wellbeing. Parents and stall are also engaged lo foster consislenl online safely messages. Orgaiiisation: Chippenham CAP Centre Ainount Awarded.. £10,000 Project Tyi)e.' Core fundii)g11 yearl This funding siipports Chippenham CAP Cenlre's vital debt advice and financial coaching seNices for local individuals and families experienciny poverty. Througli weekly drop-ins and personalised support, the progiamme helps people mai)age debl, improve men181 wellbeing, and build financial resilience. The centre works closely with local agencies and health professionals lo reach Ihose most in need, aiming for long-lerm change and reduced sotial inequalily. Forest Canii) Organisatioii.. Youth Adventure Trust Amount Awarded: £2,999 Project Type: Residential Irip This funding enabled eight vulnerable young people from Chippenham lo allend a six-day outdoor residential in the Foiesl of Dean. Part of a wider early inletvenlion programme, the camp helped pariicipanls lo build confidence, resilience, and life skills through immersive nalure-based aclivilies, positively impaeling their he8llh, educalion. and fulure prospects. Coiiiiselliiig for Re.sldeiits Affected by Illness Orgclliisation: We Hear You IWHYI Amouiit Awarded.. £3,000 Pi'oject Tyije.. Core aiid project funding This fundiiig eiiables WHY lo provide free couiiselling sessions iii Chippenliam for people affected by cancer and other lile-threalening illiiesses. Delivered al their Pew Hill location, the service supports emotional resilience and improved mental health, filling a critical gap in local provision. Pa efjo CHIPPENHAM Borough Lands Report of the Trustees for the Year Ended 31 March 2025 5LPKtAli'..￿TrEC(X1tr.: Country Comes to Town 2025 Organlsation: Willsliire Wildlife Trust Amouiit Awarded: £5,000 Project Type: Event funding lone-off) This giant supports Willshire Wildlife Trust's first "Country Comes lo Town event in Chippenham, sel for May 17. 2025. Free and family-friendly, the evenl brings nature into the town centre with hands-on workshops, wildlife education, and outdoor fun. Designed lo inspire environmenlal action and support mental wellbeing. il connecls residents with local nature, green groups, and practical ways lo protect the environment. Outdoor Activities Enrichment- YMCA Redland Nursery Organisation.. YMCA Brunel Group Ainolllit Awarded.. £3,000 Project Type: Project with Capital eleinenls This project enhan¢es outdoor learning for ¢hildren aged 04 81 YMCA Redland Nursery. Funding supports donkey visits, a wealherproof slieller, and new resources for gardeniiig and physical activity. The initiative piomoles Inenlal wellbeing, molor skills, crealivily. and family engagement through nature- based. inclusive experiences. Movement for Parkinson's Oiganisation.. Inclusive Inlergeneralional Dance lilD} Amount Awarded.. £1,976 Date Awarded.. October 2024 Prolecl Type.. Event funding This year-long project delivers weekly creative dance sessions for people with Parkinson's and other neurological coiidiliDns al Pewsliam Communily Cenlre. Led by ilD, Ilie sessions reduce symptoms, build slrenglh. and provide a vital space for social conneclion. A final showcase will celebrate participants, progress and confidence. Mixed Ability U16 and 16+ Rugby Orgaiilsatlon: Chippenham RFC Amouiit Awarded: £8,250 Project Type- Core This grant, given in one amount lo cover Ihe next Ihree years, sUPPOrt5 inclusive rugby al Chippenham RFC, expanding their Mixed Ability offeiing willi a iiew U16 team and sustaining the adult Chippeiiham Cavaliers squad. The project promotes physical health, belonging, and equal acces5 to sport for people of all ages, gender and abilities, including those willi disabilities or from low-income backgroLJnds. Counselllng. Psychotherapy and Additlonal Tlierikples for Stroko Survlvors Oi'gai)1satloi).' Ba¢k on Tr8¢k Slroke Rehab Ainount.. £30,000 Beneflclarles.. Working-age slroke survThiors and families Type.. CoTe funding Imulli-year- 3 years) Offers long-lerin, tailored rehab for youiiger slroke survivors through home visils, Iherapy, and group exercise. Addresses a local gap in services, 5(Ipporting recovery, mental heallli. and independence. Referrals conie from GPS, hospitals. and Iherapisls. No similar service exists in Willshire. p.11 CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands Buildiiig Better Lives Organisation.. Doorway Willshire Amount.. £30,000 Type.. Core funding Imulli-year 3 years) Supports vulnerable adults via daily drop-ins, hol meals. mental health groups, and piaclical advice. Promotes long-lerm change through skills Courses, outdoor aclivilies, aiid peer support. A vital local charily service for those in unstable housing or crisis. Commuiiity Christmas Meal Organisation.. Sheldon Road Melhodisl Church - Beacon Centre Ainount Awarded.. £1,000 Project Type.. Event funding Imulli-year- £30001 This grant supported a free Chiislmas Day lunch for 44 local residents in who would olhetwise be alone. Run by volunteers, the evei)l offered a festive meal and companionship, helping lo ease loneliness, food insecurity. and emotional hardship during the holidays. Fit-oul of FoodBox Storage Orgciiiisatioii.. Sl Peter's Church IFoodBox Project) AinoLiiiI.' £Jr,000 Type: One-off capital fundii)g Funds the selup of a new slorage and packing rooin for Week￿ food parcel delivery lo 115 households. Enhancey efficieiicy. safely. and capacity amid iising deiiiand. Eiilirely volunleei-run, with referrals from local support agencies. Foodbox Wcekly Deliveries Orgaiiisation: Sl Peter's Church Ainount Awarded.. £2,700 Projèct Type: Core funding This volunleer-led inilialive provides cuslomised weekly food bags lo over 100 households in need, tackling food poverty with care and dignily. By using surplus food aiid cominunily donations, the foodbox leain ensures local families. elderly resideiils, and isolated individuals receive reliable support during limes of high financial i)ressure. Fresli Start Sclieine Or(Jaiiisation.' Waste Nol Want Not Ainouiil: £30,000 Tyi)e: Core and project funding Imulli-year- 3 years) Provides essential household furnilLJre and items lo individu81% and fainilies recovering from criqis, helping them sellle iiilo safe liousing. Siipporting around 30 people aiiiiually. the scheme is well- eslablislied with strong local partnerships. 11 reduces financial strain, prevents debt. boosts wellbeing, and diveris waste from landfill. Early Eflrlli Protectors Cominunily Eco Garilen Orgaiiisatioii.. Early Earth Proleclors Aiiiouiit Awai'ded.. £3,000 Project Tyi)e: Project funding Early Earth Prole¢lors is a youlh-led group promoting ei)vironmenlal action and ncilure-based learniiig for childreii ai)d young people in Chippenham. Our (Jrant fundiiig supports the creation of a new Community Eco Gardei) it) land belonging lo CBLC i)exl lo Baydon's Meadow. The garden will be co-designed and maiiaged by a Yoiilh Panel aged 9-14. olleiing a %afe, inclusive space for growiiig food, leariiing 8uslainabilily skills, and building confidence Ihiougli hand5-on oiildooi aclivilies. The project especially p. 1?. CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands benefits children from lower-income households and those with limited access lo green space. ncreasing supi)ort & wellbeing iii Cliippenham Orgaiiisation- Fainilies Out Loud Amouiit Awar(led.' £10,000 Project Type: Core funding Families Out Loud is a Wiltshire-based Charity supporting families affected by someone else's drug or alcohol use. Wilh CBLC funding, they'll expand support in Chippenham over the next year, reaching 40 local clients. For each person supported, an estimated four family members benefit indirectly through improved wellbeing and reduced stress. FOL provides tailored support includiiig one-to-one counselling, advice. and both online arid in-persoii sessions. This funding ensures families receive the long-lerm, person-cenlred care ollen missing from slalulory services leading to beller nienlal health, stronger family relationships, and reduced isolalioi). Cliipi)enliam Counselllng f4ooms Or(Jaiiixatioi).' Help CoLJiiselling ServiGe5 {HCS} AIMoui)1: £3,000 Typo.. Core liinding Expands affordable counselling ii) Chippenhani East, increasin9 capacity lo 56 clients annually. Offers up 10 12 weeks of therapy for issues like anxiety. trauma. and isolation. Works alongside local mental Iieallh partners lo keep wail limes short. Maiiager Costs Oigaiilsallon.. Olive Blanch Counselling Ainouiit Awarded: £30.000 Project Tyi)e.' Core Imulli-year- 3 ye2rsl This core grant enabled Olive Braiich Colinselling lo recruit and sustain a full-lime Manager. improving access lo low-cosl, IDng-lerm counselling by slreamlii)ing operations. The role also supports a hardship fund and slrenglhens outreach, makii)g Ilierapy more accessible lo financia15y vulnerable individuals across Chippenham. Brass ai)d Woodwlnd Iii Prlinary Scliools Orgaiiisatioii- CoTsham WindEiand Association Aiiiouiit- £4,316 Type: Core and project lunrling Free instrumental lessons, inslrumenls, and after-school band access for children al Sl Mary's Primary School. Promotes wellbeing, confidence, and academic iinprovemenl Ilirough music. Targets pupils facing disadvantage. Helps maiiilain local music access amid regioi)al funding cuts. Br¢lSS and Woodwlnd Iii Prlinary Schools Orgaiilsalloii.. Coisliain Windband Association Ai))ount.. P4,316 Project Tyi)e.' Core aiid piojecl funding Free iiislruinenlal lessoiis. ii)slrumeiils, arid aftei-school band access for cliildreii al Queens Ciescenl Primary School. Proniules wellbeing, conlideiice, and academic improvement through Inusic. Targets pupils facing disadvantages. Helps mainlain local music access amid regional funding cuts. CHIPPENHAM Report of the Trustees foy the Year Ended 31 March 2025 Borough Lands SLislainable fuiidiiig for coiitii)ued community work Organisalion: Chippenham Community Eco Hub Aiiiouiit Awarded.. £30,000 Project Type.. Core funding {multi-year- 3 years} This grant provides long-lerm supporl for Chippenham Cominunily Eco Hub as il expands into ¥ larger SP8ce with greater c¥pacily lor Ioc81 residents. With a locus on social inclusion, wellbeing. and poverty pievenlioii. the Hub offers inclusive community aclivilies. practical advice, aiid parinership-based services. The funding enable5 sustainable growth and helps meet rising community needs with flexibility aiid care. School Counselliiig Service OriJdllisalioii'. Abbeyfield S¢hool Aiiiount Awai'deil.. £5.000 Project Typo: Project funding Tliis grant funds four liours per week ol piofessional counselling al Abbeylielcl Schoal lo meet iising mental lieallh needs ainong students aged 11-18. The service complements existing pastoral support. offering largeled lielp for those affected by anxiety, trauma, or emotional challenges posl-covid. Mental Health Support at Hardei)huish School Or(Jai)isatioii.' Hardenliuish School Ainoullt.. £30,000 Type- Core funding Imulli-year- 3 years) Sustains the school's in-house counselling service amid long wails for external mental heallh support. Two counsellors provide 1..1 sessions for issues like anxiely, self-esleem, and family problems. High demand shows ongoing need. OPAL Sai)diJit Impleinenlalion Orgaii15atloii: Ivy Laiie Piimary School AIiioLiiII Awardcd.. £1,400 Projcct Type.. Project Fiinding Part of a wider OPAL Iouldooi Play aiid Leainii)gl rolloiil, Iliis giaiil funded a large inclusive s3ndpil al Ivy Lane PriiNary School. The feature will support iinaginalive play, social iiileiaclion, and einolional wellbeing among pupils aged 4-11, encouraging cooperative play across age groups. ELSA Traiiiiiiq for Pastoral Leads OriJaiilSIl11011: Sheldon School Ailiount.. £6,954 Tyi?e.' Core funding Traiiis six pastoral leads in Emotional Literacy Support lo ieduce mental he8llh wail limes. Slrenglhens early iF)leNenlion, helping sludenls manage emotions and boost educational outcomes. Measures imp8cI via wellbeing questionnaires. Art arid Music Room Organisatioii.. Sl Mary's Calliolic Priinary Schwl Amoiii)t Awarded: £1,278 Project Type.. Equipment & project This grant helped equip Iwo new Art ai)d Music rooins al Sl Mary's Primary School, enl)anciiig access lo Creative learning for all i)upils, fi'om toddlers lo primary age. Focused on boosting wellbeing, crealivily. and academic outcome%, Ihe new spaces will serve both the scl)ool arid local early years groups. CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands Wlieelclialr Scales Organisation.. Independenl Living Cenlre, Seminglon Ainount Awarded.. £1,704 Project Type: Equipment costs This grant funded wheelchair-accessible scales al the Independent Living Centre in Seminglon. The equipment supports accurate assessments for mobilily aids, ensuring safely and suilabilily. 11 fills a key gap for disabled and older residenls needing private, local access lo this vital seNlCe. Schoo15 Social Fund The figures above include a lolal of £19.525 awarded in funding lo local schools Ihrough our Schools Social Fund. This fund piovides money directly lo schools, which then supporl families f¥cing financial hardship- helping with the cost of school uniforms and enabling access lo trips and aclivilies. Funding was allocated lo six Chippenham schools based on Flee School Meal eligibilily figures. Each school received their portion of the funding after submilling a repotl detailing how their previous year's allocation was used. Schools supported included Monklon Paik Primary Scliool, Charter Primary School, Queen's Crescent S¢hool, Redland Piimary Scliool. Sl Mary's Catholic Priinary School and Hardenhuish S¢hool. The Schools Social Fund empowers schools lo remove financial barriers, promote inclusion. and eiisure equal opportunities for all sludei)Is, particularly those most impacted by the cost-of-living orisis. Single-year Funding by Category 175000 llulti.year l¥eai 11 Single.yearGrant5 Grant5 lai Indiwdua15 Christffla5VoucherScheme I 150000 125000 100000 75000 50000 25000 Organlsatlonal Support Indlvldual Support CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands ACHIEVEMENT AND PERFORMANCE Grants to Ii)dlvlduals This year we awarded individual grants lolalling £108,398.22, providing direct financial relief residents facin hardship across Chippenham. This support delivered immediale. practical assistance lo some of our community's mosl vulnerable individuals. Our individual grants programme disliibuled £61.834 across 111 awards, while our Christmas Voucher Scheme (CVS) provided £46,475 IhroLJgh 315 vouchers. Combined, these inlervenlions supported nearly 400 local residents. Awards ranged from £75 food vouchers addressing immediate food insecurity lo £3,693 for a mobility scooter reslorii)g independence and community connection. This £3,6fj8 range rellecls our responsive approach, matching support lo individual circumstances. Among recipients. 30 indwiduals {7.6 % I required multiple grants during the year, with 8 receiving three or Inore awards. The majority 125 01301 accessed a combinalion of Individual and Christmas support, while 5 needed multiple interventions throughout the year. Signilicanlly, 298 of 396 applicants 175Qhl were new lo our pr(MJrammes this year, suggesting eillier glowing community awaienes5 01 available support or increasing financial hardship reaching new households. Notably. 76 applicants 1190AI live in housing associalion properties, with Green Square Accord residents representing the majoiily1S0 individuals). followed by Sovereign Housing1131 and Aster Housing {91. Our grant recipients are predominantly working-age adults. wilh those in their 305 1270/0) and 40$ 1250101 representing over hall of all applicants. Coinbined with significant representation from people in their 20s1170/0l and 50s1150/0l. this profile ieveals that 850/0 of applicants are of working age. Only 15D/o of recipients were aged 60+ suggesting either greater linancial resilience among older residents or potential under-reach lo this demographic. We gratefully received £10,000 from the Willshire Housing Support Fund. which was used specifically for food vou¢hers. This partnership funding en8bled us lo suppori more iesidenls wlh immediate food Security inlerveiilions. demonslraling the value of collaboialive approaches lo poverty relief. Awards addressed fundamenlal housel)old iieeds across multiple categories.. essential furniture,. while goods including washing machines, cookers, and fridgellreezers., living costs preventing eviction or ulilily disconnection.. hospital travel ensuring access to crilical healthcare., energy bills mainlaining warmth and safely,. food vouchers addressing immediate hunger.. baiikiuplcy fees offering pathways out ol unmanageable debt,. and Inobilily equipment restoring independence aiid cominunity pariicipalioii. Recipieiils have shared how this sijpport has positively inlluenced their daily lives.. '7he scooler arrived on Friday gild in just lour days, il's chaiiged everylliing. I cai? do inore ol Ihe Iliiiigs l eiijoy and, n?osl iinportaiilly, I can do inore will? niyson- &117is pac&. He said ils Ihe b@s1 Ihing lo l?appei) in 8ges. l even look 17iiFI a17d Ills frie17d lo 11?e skale park aild dowii to 11?e river- soipielhing I Iiaveii'l beei? able lo do for ages. Thank yoii, iiol jusl for Ihe scooler, biit foi" 11?e siippoil, 11?e help will? the foriFlS, ai?d lor pulliipg Ine in louch will? people who helped i??e see new oplioi?s. I￿e COiF]e Iiirtheriii 11?e lasl few n?01?Ilis 11?an I had iii Ihe pasl year aiid a l?alf." "Tlie grai?1 has helpecl us give hvo lillle girls a coinfortable good iiigl?t's sleep after Iheir old beds were broken ai?d leinporarily fixed. TIFey sleep so well iiow. Tliai?kyoul" "The food vouchers kepl m8 going and l?aving a cooker 8g&in has made life a lol easier- I'm so gra16ful for lh8 lielp. 'Tl7e grai?1 helped n?e lake an importaipt R1ed￿al cOu￿e Ihal l?as iini)IDved my qualifications, a17d I hope, will be a key slep lowalll secu1711g a job iii flie UK liea1ll?ca￿ syslen?. This support lias also eased fiiiaiicffalplessu￿ oil Iny Iiousel?old." CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands After everylhiiig ltre bee17 through. Ihis siipport has gweii ine hope. I'in re8dy lo niove on and build a bellerlife for Ine and my daughlei". Chrlslmasvoucher Scheme IE46,4751 4t9% Grants f¢r IndI￿d￿al5 1£61,8341 Christmas Voucher Schein& Our 2024 Christmas Voucher Scheme, provided £46,476 in supermarket vouchers lo local families facing financial piessures this winter. Within just one week ol launchinq the scheine, we re¢eived 8pplicalions lolalling over £50,000- far exceeding OLJr iiiilial £40,000 budget. This exceptional response led us lo close applicalions early, bul we're proud lo have supported over JOO households across Chippenhani with vouchers ranging froin £75 10 £175. This year, we made significant change5 to our scheme lo ensure we could reach more people in need. We removed the referral requirement, allowii)g Fesidenls lo apply directly to us. We also inlroduced an online application system, making the process niore accessible lor everyone. The messages we received froiii recipients poweilully demonslrale how Iliis support Inakes a real difference lo local lives. One eldeily resident shared.. "I'n7 elderly aild disablecl, livirig ii? a one l)ed flal wilh sloi2ge healeis. Due lo Ilie cost I moslly live offie room duri17g wiipler, Ihis i)ayiFTei?l aclually ii?eans I cali afford lo lip Ihe Iiealiiig ai?d lje iiiore coii?loitable Ihis winlei.. I acliially healed a lull lai?k of w8lerai?d l?ad a woiideiful iElaxiii.q balh, Ilie firsl iii 2 yegrs as I ve bepii lenified Df Ihe costso doipy evei? heal Ihe waler. I boil a kell1& lo wash upl TIFai?kyou so i??uch lorll?e help. The scheme has been particularly me8ningful for femilie5 struggling wilh the combined pressures of Clirislmas and Ihe cost of living crisis. Some additional feedback we recewed included.. - 'Il Ineans so much lo lis- as a low-iiicoiiie faiF]ily, Chrisln?as is always so slressfiil, rallier Ilian il beii?g a lii)7e we can eiljoy as a fainily- this voucher has gnieii us Ihe luI￿S we need lo be able lo iElax a lillle, a17d give our gil'ls a wondeiful Clirislii?as" -1 was really woirying aboul Iiow li.¢Jlil funds were lor being able lo provide Cl?rislm&s lood lor npysell aild i77y dauglilei.. Tlie CBLC voucliei" lias beei? a Iiuge 17elp lo us ai?d lias really lakei? Ihe pressure oflespecially wilh 11?e cost of Iwiilg. Tl?ai?k yoii. Ihis is miicli app￿cialed1' "I can'l tell you l?ow woi?derful it feels lo recewe some posilwe news ii? suc17 (litt￿Ul1 liines. Hoiieslly, l ain blowi? away. Tliai?kyoii foryoiirsiipport and11?ai?k yoii forllie work yoii do lor Chippeliham." e.17 CHIPPENHAM Borough Lands Report of the Trustees for the Year Ended 31 March 2025 Financial Position In the year lo 31 M8rch 2025 the nel deficit before gains and10sses on investments for the year was £154,235 12024.. £141.565 delicill. There wa5 a deficit on unreslricled funds of £582,93212024'. £588,552} and a surplus on endowinenl funds of £408,69712024'. £403,826). After taking inve51menl gains into account the Endowment Funds had a surplus of £550.397 12024.. £1,419,061 suiplusl. Nel movement in the funds in the year was a delicil of £12,535 12024.. surplus £804,347}. No transfers weie made between endowment and unreslricled funds. Al the end ol the year CBLC Trading Limiled owed the charily £85.218 12024.. £85,128) and The Afc IS represented as the investment property in the charity balance sheet al a value of £1,600,000. Land & Bulldliigs The Chaiily owns land around Chippenham which has been maintained by our lenanls and by volunleeis such as the Mortimores Wood Volui)leers and the Baydoi)s Meadow Wildlife Group. Bank House is home lo the Charity's main office. The Cl)arily also owns the Jubilee Buildiiig. Pewsham Community Centre and has a long-lerm lease lor Kingsley Road Coinmunily H211 which Kingsley Road Cominunily Hall Associalion continues lo operale independently from us for the benefit of local residents. Jubilee Building is Pewsham Community Centre Association ran Pewsham Community Cenlre until il ceased operation 81 the end ol February 2024. Cl)ippenham Borough Lands Charily look over the running of Ihe Pewsham Community Centre from 1st March 2024. Chippenham Borough Lands Chaiily owns The Arc (climbing centre and skaleparkl which ope51ed iii late Febiuary 2022. This is leased lo The Climbing Academy who run and Inanage Ilie cenlre. Tlie Charily also owns The Arc play park wliich is housed iiext door lo 11)e climbing centre on Weslmead Playing Field. Chippenham Town Council continues lo lease part of our car park al the end ol Weslmead Lane. Allowing public access lo the land and provision of community facilities enables the Trustees lo fulfil the objective of Ilie provisioii of recrealion81 facilities, os outlined al objective (bl. in addition lo granling financial awards for this purpose. e18 CHIPPENHAM Borough Lands Report of the Trustees for the Year Ended 31 March 2025 Investment policy aiid objectives The invesln)enl policy stales Ihal the best inveslmenl performan¢e should be obtained wilhoul undu¢ risk lo Ihe inve51ed charitable funds. The Trustees seek a well-balanced portlolio and expect an appropriate increase in the capital value over lime along with a rising level of income. The strategy is reviewed with our investment managers annually. Trustees manage income on a total return basis. The investment managers have discretionary management of Ilie funds. The Iruslees monitor investment perfoTmance by meeting with Ilie flind managers and receiving quarterly reports, which include benchmark comparisons. Reserves policy The Tiuslees of the Chippenham Borough Lands Charily will hold enough reserves.. To cover 3 moiilhs runi)iiig costs and redur)dancy costs of six staff. To cover grants for LIP lo one year. To cover aiiy existing projects. The resetves are held within the unreslricletS fund and are riot held in a separate account or shown separately in the accounts. The oulslanding commilmenls are reviewed quarter5y by Ihe Truslees to ensure thal Ihe level of reserves is adequate. Should the Trustees ever find that the reserves l)ave fallen below the required level they will increase them by limiling the number of charitable grants until Ihe reserves rise lo an acceptable level again. Principal Accouiitiiig Pollcles The linancial slalemenls for the year ended 31 Marcli 2025 have been prepared in accordance with Ilie accounting policies noted on page 30 and the Slalemenl of Recommei)ded Practice A¢¢ounting and Reporting by Charilies 2015 IfRS 1021. STRUCTURE, GOVERNANCEAND MANAGEMENT History. StruGluro, Governaiice & Managemont Chippenham Borough Laiids Gharily is an uniiicorporaled iegislered charity, number 270062. Tlie governing documents ol Ilie Charity are the Slalulory Iiislrumenl no 843, dated 18 April 1990 and the subsequent amendinenls which can be seen on Ilie Cl)arily Cominission website. In 1 Jf54, Queen Mary Tudor gave assislanGe lo Chippenliani by Ineans of a Royal Charter lo help Ineel Ihe expense of sei)ding two loc21 MPS to Parliainei)t. This eslablished wl)al is iiow kiiown as Ilie Cliippenham Borough Lands Charily and was adminislered by Ihe B¥iliff and 8urgesses of Chippenham. Lliartprs amending Ilie origiiial Charler were granted bylater Monarchs and included confirm81ioii of Ihe gill of lands in and around the lown of Chippenham. Pa e19 CHIPPENHAM Borough Lands Report of the Trustees for the Year Ended 31 March 2025 The Local Government Review in 1835 gave Chippenham the slalus of Borough and from ils creation the new Borough Council assumed the properties, debts and assets of the Bailiff and Burgesses including the Borough Lands of Chippenham. The 1974 Local Government Act created North Wiltshire District Council which succeeded lo the properties, debts. land, and assets of the old Borough Council. including the ownership and administration of the Borough Lands. Shortly after the formation of the District Council Ihere was a detailed sludy of the Charters and Deeds. Advice from Counsel indicated Ilial the various Charteis created a Charitable Trust. This meant that the Borough Laiids, whicli al that lime comprised an area more Ihaii 100 acres. formed the Endowinenl of a Charitable Trust. This advice was confirmed by the Charity Commission and meant that the District Council merely owned the property as a Charity Trustee for the benefit of 11)e town ol Chippenham. The Charity Commissioiiers required a sclieme lo be prepared lo update the objects ol Ihe Charity. Investigations established that some of the Borough Lands had been unlawlully used by the old Borough CoLJncil and finantiial reparations had lo be made to compensate for the loss. There have also been subsequent sales of further Cl)arily land for industrial purposes, which signilicanlly increased Ihe funds of the Charily. Duriiig ils period of adminislralion. the North WiSlshiie District Couiicil, as the Trustee ol the Charily, erealed a small commillee which dealt with Charity mallers until the new Scheme updating the Charity, known as the Charilies (Borough Lancls Cliarilyl Chippeiihain Order 1990, canie iiilo force on 18 Aiiril 1990. Al that dale, 12 new Trustees were appointed, and the District Council formally handed over all deeds, documents. and asse18 ol the Charity al a public meeting on 23 October 1990. The Trustees who have served during the year and since Ihe year-end are sel out on page 22. The full Trustee Board meeting lakes place quarterly. The Giants subcommillee meet Iri-annually lo wnsider grant applicalioi)s in line with our three annual rounds for our Grants for Orgaiiisalions Prograinme. The Finance and Governance subcommillee meets quarterly, lo discuss Iinancial and goveinance issues lor rewn)meiidation lo the niain Board. The day-lo-day maiiagenienl of Ihe Charily is delegated lo the Chief Executive Officer, Ms Beth Gardner. The Office and Operation5 Manager and one ol our Giant Managers are full lime. Olher part-lime members of slafl who report directly lo Ihe CEO iiiclude." a Cominunicalions Mangger, a Land and Property Manager and a 2nd Grant Manager. The CEO reporis directly lo the Chair ol Trustees. The Truslees. future aims and key objectives lor the Charity are lo conlinue lo make awards whilst moniloiing capital assets and investment income levels and lo improve the land lor the benefil ol Ilie inhabilanls of Chippenham. STRUCTURE. GOVERNANCE AND MANAGEMENT Risk Inanagement The Charity's risk and potential iisks are reviewed al quarterly Finance and Governance meetings by the CEO and Trustees, antj where considered appropriale, mitigations lo reduce this risk are pul ii) pla￿. All the Charity's policies and procedures are reviewed by tho Iiuslees al least annually. All new policies aiid any revisions lo existing policies are recorded in Ihe Trustees, minulttg and in¢luded within our policy document. Policies and procedures are also reviewed with changes lo relevaiil current legislation. The highest risk lo the ¢harily is financial slabilily with the majority of ils income coming froni inveslmenls. Inveslmenl managers are asked to present to the board h￿Ice yearly projected reveiiue stream. Quarter￿ Finaiice and Governaiice commillee meetings review profil and loss accouiils lo ensure the charity 15 solvent and operaling lo budget. Pa e20 CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands Health and safely policies such as file and home working are reviewed annually and signed off by the Board. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 270062 Plincipal address from August 2022 The Bank House Balli Road Chippei)ham Willshire SN15 2SA Forme¥ address lo August 2022 32 Market Place Chippenham Willshire SN15 3HP Trustees All Trustees serve an initial term of office of up lo four years and no longer than a maximum of two full terms of office. After two full terms of office all Trustees retire bul may apply lo be re-appoiiiled after a period of two years from their reliremenl dal8. The body ol Trustees consists of up lo six NDminaled Trustees and seven Co-opted Trustees giving a lolal of thirteen Trustees. Newly appointed Trustees are invited lo allend ¥n induclion, prior lo allending their first Board meeting. al which they are briefed on Ihe history and policies of the Charity. The Trustee meets individual membeis of staff and spends a sliort lime with each lo familiarise Ihemselvey with the sl8lf roles. Th8 Chairperson ol Trustees also allends the induction lo explain whal is expected of all Trustees. An information pack is presented lo the Trustee covering all the areas outlined al Ihe induction. All Tru51ees are encouraged lo allend appropriate conferences, seminars, and training opportunities as they arise. The Nominated Trustees are 2ppoinled as follows.. 1 Chippenh8m Burgesses Guild 1 Chippenliam Ghamber ol Commerce 1 Chippenham Churches Together 1 Chippenham Town Council 1 Communily 1 Norlh Willshire Citizens, Advice Bureau The Co-opted Trustees are appointed by the Nominated Trustees. CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands The Trustees oflhe Charity who served during the financial year 2024-2025 were,. Ms J Budgell (Chairl Ms L Candy Mr J Cook Mrs A Foster Mrs S Linacre Ms G McKibbin Mrs J Shadwell- retired from 10 January 2025 Mr P Wren (Chairl - retired from 10 June 2024 Ms F Young- retired from 10 June 2024 'Truslees Ihal belong lo or are involved with an organisalion which may be perceived lo be a related parly lo this Charity. The details ale reported in Section 9 of the Notes lo the Financial Slalemenl ol these accounts. The Trustees may exercise (he following powers, bul only for Ihe purpose of followin9 the objectives detailed abDVe'. lo appropriate land. lo ameiid provisions of existing governing documents subject lo wrillen approval of the Charity Commissioners and a resolution passed al a special meelirlg of the Trustees. REFERENCE AND ADMINISTRATIVE DETAILS Auditors Mander Duffill Chartered Accounlanls & Slalulory Auditor The Old Post Office 4143 Markel Place Chippenham Willshiie SN15 3HR SDlicilors Thiings 6Penny Lane Drakes Way Swindon SN3 3LL Fund Managers Saiasin & Partners LLP Juxon Hoiise 100 Sl Paul's Churchyard London EC4M 88U Pa e22 CHIPPENHAM Report of the Trustees for the Year Ended 31 March 2025 Borough Lands STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iruslees are responsible for preparing the Report of the Trustees and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Principles). The law applicable lo charities in Eiigland and Wales. the Charities Act 2011, Charity IAccounls and Reports) Regulations 2008 and the provisions ol the Irusl deed requires the trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming iesources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial slalemenls, the Iruslees are required lo select suitable accounting policies and then apply them consislenlly.. obsetve the methods and principles in the Ch2rily Slalemenl of Recomme51ded Practice ISORP).. u make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subjeGI lo any material departures disclosed and explained in the financial slalemenls., fl prepare Ilie financial slalemenls on the going concern basis unless il is inappropriate lo presume Ihal Ilie charity will continue in business. The Iruslees are responsible for keeping proper accounting records which disclose wilh ieasonable accuracy at any time Ihe financial position ol the charity and lo enable them lo ensure 11)al Ilie finaiicial slalemenls comply wilh the Charities Act 2011, the Charily (Accounts and Reports) Regulations 2008 and Ilie provisions of the Irusl deed. They are also responsible for safeguarding the assets of the charily and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. Approved by order of the board of Iruslees on ao.- 1.0... 102.S...... and signed on ils behalf by.. J Budgell Cliair of Trustees e?.3 CHIPPENHAM Borough Lands Re ort of the Inde Chi endeiit Avdllors to Ilie Trustees of eiiliam Borou h Laiids Cliarit Opinion We have audited the financial slalemenls of Chippenham Borough Lands Charity Ilhe '¢harily'l for the year ended 31 March 2025 which comprise Ihe Slalemenl of Financial Aclivilies, the Balance Sheet, the Cash Flow Slalemeiil and notes lo the financial slalemenls, including a summary ol significant accounting policies. The Iinancial reporting Iramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Gen&r811y Accepled Accounting Praclice). In our opinion the financial s121emenls'. give a true and fair view of the slate of the charity's affairs as al 31 March 2025 and of ils incoming resources and application of resources, lor the year then ended., have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice,. and have heen prepared in accordance wilh the iequiremenls of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with Inleinalional Slandard5 on Audiliiig (UK) {ISAs IUKII and applicable law. Our responsibilities under those slaiidards are further described in the Audilors, responsibililies for the audit ol the financial staleinenls section ol our report. We are independent of the charily in accordance with the ethical requiremenls th81 ale relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Slaiidard, and we have fulfilled oui other ethical respon5ibililies in accordaiice with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relallng lo golng concerti In audiliiig Ihe financial slalemenls, we have concluded Ilial the Iruslees, use of the going concern basis of accounting in the preparation of the Iinancial slalemenls is appropriate. Based on Ilie work we have performed, we have not idenlilied any material uncertainties relating lo events or conditions that, individually or colleclively. may cast significant doubl on the charily's ability lo continue as a going ¢oncern for 2 period ol al least twelve Inonlhs from when the financial slalemenls are aulhorised for 15sue. Our responsibilities and 11)e responsibilities of the Iruslees with respect lo going concein are described in the relevant sections ol this report. Other iiiformalioii Tlie Iruslees are responsible for the olher information. The other information comprises the information in¢luded in the Annual Report, ollier than the financial slalemenls and oui Report of the Independent Auditors Ihereoi). Our opiiiion on the financial slalemeiils does not cover the other inforinalion and, except lo Ihe exlenl ollie￿iSe explicitly slated in oui ieport. we do not express any form of assurance conclusioii thereon. In conneclioii wilh our audit of the financial slalemei)Is, our responsibility is lo read the other infoimalion and, in doing so, consider wlielher the other infoimalion is materially inconsislenl with the financial slalemeiils or our knowledge obtained in the audit or otherwise appears lo be maleridlly niisslaled. If we identify such Inalerial inconsistencies or ai)paienl maleiial Ini5slalemen15, we are required lo determine whell)er this gives rise lo a maleTial misslalemenl iii the linaiicial slaleinenls Iliemselves. 11, based on tha work we h8ve perforined, we conclude Ihal there is a material misslalemenl of Iliis other information. we are required lo report that facl. We have nolliing lo report in this regard. CHIPPENHAM Borough Lands ort of Ilie Inde endent Audltor5 to the Trustee5 of eiihain Borou h Laiids Cliarit Matters on which we are required to report by exception We have nothing lo report in respect of the following Inallers where the Charities {Accounls and Reports) Regulations 2008 requires us lo report lo you if, in our opinion.. the information given in the Report of the Trustees is inconsislenl in any material respect wilh the financial slalemenls., or sulficienl accounting records have not been kept., or Ihe financial slalemenls are nol in agreement with the accounting records and relLJrns', OT we have not received all the inloimalion and explanations we require foi our audil. Resi)oiisihilities of trustees As explained more fully in the Statement of Trustees. Responsibilities, the Iruslees are responsible for the prepaialion of the fiiiancial statements which give a true and fair view, 2nd for such internal control as the Iruslees deleTmine is necessary lo enable the piep8ralion of financial slalemenls Ihal are Iree from material misslalemenl, whether due lo fraud or error. In preparing the linancial stalemenls, the trustees are responsible for assessing the charily's ability lo coiilinue as a going concein. disclosing, as applicable, mallers related to going concern and using the going concerti basis of accouiiling Ljnless the Iruslees either intend lo liquidate the charity or lo cease operations, or have no realistic allernalive bul lo do so. Our responsibiSitle5 for the audll of tlie flnanGlal stateinents We liave been appoiiiled as auditors under Section 144 01 Ilie Chaiilies Act 2011 and report in a￿ordanCe with the A¢1 and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether Ihe financial slalemenls as a whole are free Irom material misslalemenl. whellier due lo fraiid or erior. and lo issue a Report ol the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assuiance, bul is not a guaianlee Ihal an audil Gonducled in accordaiice with ISAS IUKI will always delecl a material misstatement when il exists. Misslalemenls can arise froin fraud or error and are considered Iiialerial il. individually 01 in the aggregate, Ihey could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls. Tlie exteiil lo which our pi"ocedures are capable ol delecliiig irregularities, including fiaud is detailed below.. In i)laniiing and designing our audil lesls. we identify and assess the risk5 01 material mis-slalemenls, wlielliei due lo fraud or error. Our risk assessinenl procedures iiicluded.. Eiiquiries of manageinenl about the enlilies poliaies and pro¢edures on compliance willi laws and fe9ulalions and whether they were aware of any inslances of noncompliance loyellier with Ilie internal controls eslabli51)ed lo miligale risks of Iraud or non-complianre willi laws and regulalions. Enquiries of managemenl about the enlilies policies and procedures on fraud risks, including any aclu31, suspected or alleged fraud. Considered the nalure ol the indiislry and sector. control environment and business perforinance including Ilie key drivers for direclors. remuneration, bonus levels and performance largels. Reading minutes of meetings of those charged with goveinance. We coinmunicaled relevant identified laws and regulations and PDlenlial Iraud risks lo all engagement team members and remaiiied alert lo any indications of fiaud or non-¢omplian¢e with laws and regulations throughout the audit. CHIPPENHAM Borough Lands ort of tlie Iiide eiideiit ALidilors to the Trustees of Chi enhain Borou li Lands Charil We obtained an understanding of the legal and regulatory fraineworks that the enlily operates in, through discussions with the director, and from oui commercial knowledge and experience ol the sector in which Ihe company opeiales. lo enable us lo idenlily the key laws and regulalions applicable to Ihe company. We focused on specilic laws 2nd regulations which we considered may have a dire¢l material effect on the linai)cial slalemenl or Ilie operations of the company, including the Coinpaiiies Act 2006, laxalion legislation. data proleolion. anli-biibery, employmeiil. environmental and health and safely legislation. AS a iesull of these procedures, we considered the opportunities and incentives that may exist within the organisalion for fraud. In common with all audils under ISAS IUKI. we are also required lo perform specific procedures to respond lo the risk of management override ol controls including the following.. Reviewing financial slalemenl disclosures and lesling lo supporting documenlalion lo assess compliance with applicable laws and regulations. Enquiry ol managemenl c.oncerning aclual and potential liligalion and claims. Reviewing correspondence with HMRC, and the company's legal advisors. Addrtts5inu the risk of fraud 11)roiigh manageineiil override of controls, lesling Ihe approprialeness of journal enliies and ollier adjuslmenls, assessing whether judgeinenls made in making accounling eslimales are indicative ol a potenlial bias, and evalvaling the business rationale ol any significant Iransactions Ihal are unusual or outside the normal course of business. Owing lo the inherent limitations of an audit, there is an unavtsidable risk Ihal we may not have detected some material misslalenienls in the financial slalemenls. even Ihou9h we have properly planned and perforined our audit in accordance with auditing standards. Tlie more removed that laws and regulations are from financial Iransaclions, the less likely il is that we would become aware of non- coinpliance. In addition. as with any audit. Ihere remained a higher risk of non-deleclion of fraud, as these may involve collusioii, forgery, iiilenlioiial omissioiis, misrepresenlalions, or the override of internal controls. Our audit procedures are designed lo delecl material misstatement. We are nol responsible for preventing non- complian¢e or fraud and cannot be expected lo delecl non-coinpliance with all laws and regulalions. A further desciiplion of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al vMw.frc.org.uklaudilorsresponsibililies. This description forms part of our Report of the Independeiil Auditors. Use of our report This report is made solely lo Ihe charity's Iruslees, as a body, in accordance with Part 4 01 the Charities (Accounts and Reports) Regylalions 2008. Our aiidil work has been iindertaken so Ihal we 1II191il slate lo Ihe charily's Iruslee5 those mallers we ale required lo slate lo them iii an auditors, report and for iio other i)Iirpose. To the fullest extent permilled by law, we do not accept or assume respoi)sibilily lo anyone oll)er than Ihe charity and 11)e charity's Iruslees as a body, for our audit work, for this report, or for the opinions we have formed. Mander Duflill Cliartered Accounlanls & Slalulory Auditor The Old Post Office 41-43 Market Place Cliippenham Willsliire SN15 3HR Dale.. ..Il-.o..L.:.2.o..ZX CHIPPENHAM Borough Lands staleineiit of Fiiiaiicial Activities for Ilie Year Eiiilc(131 Marcli 2025 31.3.25 Total funds 31.3.24 Total funds Unreslricled Restricted Endowment funds fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 91,719 91,719 74.121 Charltable a¢tivitles Lelling ol properties. room hire and car park 34.537 34.537 23.273 Investment income Other income 4,441 480,355 484,796 489.916 340 Total 130,697 480,355 611.052 587 650 EXPENDITURE ON Raising funds 71,658 71,658 67,372 Charitable activities Promotion of other ¢harilable purposes Lelling of properties, room hire and car paik Grants lo organisalions Grants lo individuals 15,939 15,939 {33,2381 1,470 196.161 123,819 1.470 196,161 123,819 1,374 1S2,793 99,328 Other 356,240 356,240 401,586 Total 693,629 71,658 765,287 729,215 Nel gains on investments 141,700 141,700 945,912 NET INCOMEIIEXPENDITUREI 1562.9321 550.397 (12,5351 804,347 RECONCILIATION OF FUNDS Total funds brought fon￿ard 2,158,687 43,161 15,249,fj18 17.450.966 16,646.619 TOTAL FUNDS CARRIED FORWARD 1,595,755 43.161 15.799,515 17.438.431 17,450.966 Pa e27 CHIPPENHAM Borough Lands Balaiice Slieet 31 Marcli 2025 31.3.25 Tolal funds 31.3.24 Total funds Unreslricled Resliicled Endowment funds fund funds Notes FIXED ASSETS Tangible assets Inveslnients Investments Investment property 11 1,379.694 130,022 1,509.716 1,534,372 12 13 13.808,118 13.808,119 13,683,713 1,435,384 1 600,OCIO 1,600,000 164,616 1,544,311 15,373,524 16,917,835 16.818.085 CURRENT ASSETS Debtors Cash al bank 14 253,755 799 253,755 469,951 105,636 623,086 43,161 425,991 254.554 43,161 425,991 723,706 728,722 CREDITORS Amounts falling due within 051e year 15 {203.110) 1203,1101 195,8411 NET CURRENT ASSETS 51,444 43.161 425,991 520 596 632,881 TOTAL ASSETS LESS CURRENT LIABILITIES 1,595,755 43.161 15.799,515 17,438,431 17,450,986 NET ASSETS 1,595,755 43,161 15.799,515 17,438,431 17 450,966 FUNDS Unre51ricled funds Reslricled funds Endowment funds 16 1.595,755 43.161 15799 515 2,158.687 43.161 15 249.118 TOTAL FUNDS 17,438,431 17,450.966 The financial slalemenls were approved by the Board of Trustees and aulhorised for issue on ..Qo.:.LO.:..%o%S............ and were signed on ils behalf by.. J M Budgell - Trustee s.a.d1.￿ ..kL.LKi(J)( G McKibbin - Tiijslee Pa e28 CHIPPENHAM Borough Lands Cash Flow Slatemeiit for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating actlvlllos Cash generated fiom operations 564 1441 512,4781 Nel cash LFsed in operating aclivilies 564 1441 512 4781 Cash flows from investiiig activltles Purchase of tangible fixed assets Purcliase of investment property Sale of tangible fixed 8s5els Sale of fixed asset investments Interest received Dividends received 12,4281 {8,089) 169,3231 1,030 299,283 18,718 471,198 17,294 4,440 480,356 Nel cash provided by investing activities 499.662 712,797 Cash flows from financing activities Income allribulable lo endowment Expenditure allribulable lo endowment 116,9951 71,658) 67,372) Nel cash used in financing activities 88 6531 67,3721 Changp iii cash and cash eqiilvalei)ts iii tlie reportliicJ period Casli aiid casli equlvaleiils at the beyiiiTiiiig of tlie reportli)g poriod 1153,1351 132,947 623 086 490,139 Casli and Gasl) oqulvalents at tlie eiid of the reportinu poriod 469 951 623,086 Pa CHIPPENHAM Borough Lands Note5 to the Cash Flow Statemeilt for the Year Elided 31 March 2025 RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Nel lexpeiiditurellincome for the reporting period las per the Slatemeiit of Finaiiclal Acllvlliesl Adjiistments for: DepreGialion charges Gain on investments Piolil on disposal of fixed assets Interest received Dividends received Incon)e 8llribulable lo endowment Expenditure allribulable lo endowment Increase in debtors Increase in creditors 112.5351 804,347 27,084 {141.70CII 28,529 1945,9121 (3401 118,7181 1471,1981 14,4401 (480,3561 16.995 71.658 1148,1191 107.269 67,372 14,245} Net cash used iii operatlons 564,144) 512,4781 ANALYSIS OF CHANGES IN NET FUNDS Al 1.4.24 Cash flow Al 31.3.25 Net casli Cash al bank and in hand 623,086 153 1351 469.951 623,086 153.135) 469.951 Total 623 086 153.135) 469 951 Pa e30 CHIPPENHAM Borough Lands Notes to the Flnancial Statements for the Year Ended 31 Marcli 2025 ACCOUNTING POLICIES Basls of preparlng the flnancial statements The financial slalemenls ol the charily. which is 8 public benefit enlity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparin9 their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Finaiicial Reporting Standard applicable in the UK and Republic ol Ireland, and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost convention. with the exception of inveslments which are included at m8rkel value, as modified by the revaluation of certain assets. Critical accounting judgements ai)d key sour¢Ès of e5tlmatloi) uncertaiiity Eslimales and judgements are continually evaluated and are based on historical experience and olher faclors, including expectations ol lulure events that are believed lo be reasonable under the circumstances. The key sources of eslimalion uncertainly al the reporting dale that have 8 significant risk of causing material adjustment lo the carrying value ol assets and liabilities include freehold land and buildings valuations as described in the fixed asset note. Income All income is recognised in the Slalemenl of Financial Aclwilies once the charity has enlillemenl lo the funds. il is probable that Ihe in¢ome will be received and the amount can be measuied reliably. Expenditure Liabililies are recognised as expenditure as soon a5 there is a legal or constructive obligation commilling the Charity to Ihal expendilure, il is probable that a IransfeT of economic benelils will be required in selllemenl and Ihe ainount of the obligation can be measured reliably. Expendilure is accokjnled for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular headings they have beeii allocated lo activities on a basis consislenl with the use of resources. Grants offered subject lo conditions which have not been mel al the year end dale are noted as a commitment bul not accrijed as expenditure. Raisliig fuiids Raisiiig funds includes all expenditure incurred in Ihe charity lo raise funds for ils charitable purposes and includes costs of all fundraising aclivilies, evenls and no charitable trading. Charitable actlvltles Charitable expenditures coinprises those ¢osls incurred by the Charity in the delivery of ils activities and services for ils beneficiaries. 11 includes both costs that ¢an be allocated direclly lo such activities and those of an indirect nature necessary lo support them. Governance costs Governance costs include the cosls associated with meeting the conslilulional and slalulory requirements of Ihe charity and include Ihe audit fees and ¢osls linked lo the slralegic management of the charily. Pa e.31 CHIPPENHAM Borough Lands Notes to the Flnanclal Slalements - continued for the Year Ended 31 March 2026 ACCOUNTING POLICIES- contlnued Allocatlon and apportionment of costs Costs have been allocated either on a direct basis or on a basis of the percentage of grant awards made for each charitable activity or on a usage for the property related costs. Tai)glble fixed assets Depreciation is provided al the following annual rates in order lo write off each asset over ils eslimaled useful life. Freehold buildings Comn)unily cenlres and similar assets Off-site equipment offi￿ equipment 2010 on cost 40/0 on cost 20010 on reducing balance 20Vo on reducing balance Freehold land is not depreciated. Investment property Investment property is shown al most recent valuation. Any aggregate surplus 01 delicil arising from changes in fair value is recogi)ised in the Slalemenl of Financial Aclivilies. Taxation The charity is exempt from lax on ils ¢harilable aclivilies. Fund accouiitli)g Unreslricled funds can be used in accordance with the charitablè objeclives al the discielion of the Iruslees. Resliicled funds can only be used for particular ieslricled purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds ale iaised for particular restricted purposes. Endowment funds represent those assets which musl be held permanenlly by the charily. Income arising on Ilie endowment funds can be used in accordance with the objects of the charity and is included as unreslricled income. Any capital gains or losses arising from inveslmenls form part of the fund. Inveslmei)I management charges and legal advice relating lo the fund are Charged against the fund. FLJrther explanation of the nature and purpose of each fund is included in the noles lo the fiiiancial slalemenls. Pe115iOlI Costs and otlier post-retirement beneflts The charity opeiales a defined conlribulion peiision scheme. Contributions payable lo the charity's pension scheme are charged lo the Slalemenl of Financial Aclivilies in Ihe period lo which they relate. Governmeiit grants Income from grants is recognised al fair value when the chaiily has enlillemenl aller any performance conditions liave been mel, il is probable that Ilie income will be re¢eived and Ihe amount can be measured reliably.11 enlillemenl is nol mel. then these amDunls are deferred. e32 CHIPPENHAM Borough Lands .￿TH--C￿.'..1u.,, Notes to the Financial Statements- continued for tlie Year Elided 31 Marcli 2025 ACCOUNTING POLICIES- collllnued Investiments Investments are recognised inilially al fair value which is normally the Ifansaclion price excluding Iransaclion costs. Subsequently. Ihay are measured 81 fair value with changes recognised in 'nel gains I (losses} on inveslmenls, in the Slalemenl of Financial Activities il the shares are publicly traded or their fair value can othen￿lSe be measured reliably. Investments in the subsidiary are slated al c051 less any provision for impairment. Herltage assets Duiing Ihe year the Charity acquired by donation the assets of Lackham Museum of Agriculttjre. this comprised Ihe Museum Colle¢lion and the Cash of Ihe museum. The cash balance relating lo Lackham Museum of Agriculture is disclosed as 8 separate reslricled fund. Government grants 11 is the policy ol the Charity not lo capilalise heritage assels belonging lo the Museum, where a reliable estimate cannot be made ol the asset's fair value or the information on cost or value is not available and which cannot k>e oblained al a cost which is commensurate with the benefits lo the users of the Iinancial slalemenls. These are in eflecl inalienable, held ii) perpeluily, and are mostly irreplaceable. Any financially based valuation would be misleading lo Ihe value and sigiiilicance of the material culluie involved. The charity has a clear duly of care for these assets and lo make them available for the enjoyment and education ol the public as far as is possible, commensurate with their long-lerm care and preservalion. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 91,719 74,121 INVESTMENT INCOME 31.3.25 31.3.24 Other fixed asset invest- Fll Inleresl receivable 480,356 471.198 18.718 484.796 489,916 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Aclivily Lellii)g of properties, room hire and cai paik Rents received 34,537 23,273 Pa e33 CHIPPENHAM Borough Lands Notes to the Financial Statements - continued for the Year Ended 31 March 2025 RAISING FUNDS Investmeiit managemeiit Costs 31.3.25 31.3.24 Portfolio management Sarasin portfolio management rebate 104,633 32,975} 95,893 28 5211 67,372 CHARITABLE ACTIVITIES COSTS Grant funding of aclivilies (see iiole Direct Costs 71 Totals Promotion of other cliarilable purposes Lelling ol properties, room hire and car park Grants lo organisalions Grants lo individuals 15,939 15,939 1.470 19,159 19.128 1,470 196,161 123,819 177.002 104.691 55,696 281,693 337 389 Pa e34 CHIPPENHAM Borough Lands Note5 to the Flnanclal Statements- contlnued for tlie Year Ellded 31 March 2025 GRANTS PAYABLE 31.3.25 31.3.24 Grants lo organisalions Grants lo individuals 177.002 104.691 154,210 61,306 281,693 215,516 The lolal grants paid to inslilulions dtjring the year was as follows.. 31.3.25 31.3.24 Grants lo organisalions 177,002 154,210 The lolal grants paid lo individLtals during the year was as follows.. 31.3.25 31.3.24 Grants lo individuals Christmas food vouchers Wrile back of grant awards not paid out 61,834 46,475 28,317 35,070 2.0811 104691 61,306 A total of 3212024.. 58} grants were awarded lo inslilulions during Ihe year. Details of the grants are sel oul below.. 2025 2024 11th Chippenham Guides The Rise Trusl Chippenliam Folk Feslival CIC Chippenham Hospital Radio Chippenham Towii Council The Slay S8le Initiative CIC Chippenham CAP Centre Youlli adventure Trust Social Fund We Hear You Willshire Wildlife Trust YMCA Brunel Groiip Pewshain Slay arid Play Inclusive Inlergeneralional Dance 575 9,600 5,000 6,000 2,820 1,339 2.850 10,000 2,999 19,525 3,000 5,000 3,000 1,500 1, Jroo 25,420 1,976 1,785 Pa e.35 CHIPPENHAM Borough Lands Note5 to tlie Flnanclal Stalemeiils- coiitinued for the Year Eniled 31 Marcli 2025 GRANTS PAYA8LE- continiied Chippenham RFC Friends of Sl Pelerfs ChippenlTram Pride CIC Chippenham Sports Club SPLASH Willshiie Heals Back on Track - Stroke Rehab Doonvay Willshire Sheldc>n Melhodisl Church Beacon Centre Sl Peters Church - Foodbox Waste NDI Want Not Early Earth Proleclors Familie5 Out Loud Independent Livin9 Centre Help Counselling Services Olive Branch Counselling Dorolhy House Hospice Care Alzheimers Support Willshire Citizens Advice Bureau Chippenham Salvation Army Men's Shed Chippenham Willshiie Bobby Van Tiusl Corsham Windband Associalion Chippenham Community Hub Abbeyf1eld School Hardenhuish School Iwy Lane Primary School Sheldon School Sl Marys Catholic Piimary School Charter Piimary Scliool Charter Rose resouice ISENI Chippenham Uniform Exchaiige Kings Lodge Primary School Moiikloii Park Piiinary School Redlands Priinary Scliool Springboard Opportunity Group Sl Pelers Academy Primary School Art Bytes Willshire College 8,250 1.500 5.000 2,000 1.500 5.000 1,237 5.000 5.000 1,500 3,000 5,000 10,000 10,000 1,000 7,700 10,000 3,000 fjo,000 1,704 3,000 fjo,000 20,000 2,337 1, Jroo 500 895 887 8.632 10,000 5.000 10.000 1.400 6,954 1.278 4,90 7,655 418 8,000 5,000 1,500 1,500 1.450 5,000 3.000 1,500 530 5.561 177 002 154.210 e36 CHIPPENHAM Borough Lands Notes to tho Flrianclal Statemeiils - continued for tho Year Elided 31 Marcli 2025 SUPPORT COSTS Other charitable costs Management Finance Olher resources expended 227,406 510 28,021 Building support Admin support Governance costs Tolals Other resources expended 44,759 44,147 11,397 356,240 Support costs. included in the above. are as follows.. Management 31.3.25 Other resources expended 31.3.24 Tolal activities Salaries and wages Social secuiily Pensions Sundries Legal and professional Land maintenance 147,907 9,122 3,184 35,810 10,789 20.594 101,163 3,838 1,523 72,198 18,035 21,748 227,406 218,505 Fii?aiice 31.3.25 Other esources expended 31.3.24 Total activities Bank charges 510 341 Otl)er cl)arllable costs 31.3.25 Other resources expended 31.3.24 Total activities Insurance Depreciation of tangible fixed assels 937 27,084 1,931 28,529 30.460 CHIPPENHAM Borough Lands Notes to the Financial Statements . continued for tlie Year Ended 31 Marcli 2025 SUPPORT COSTS- colltlnued Building sijpport 31.3.25 Other resources expended 31.3.24 Tolal activities Insurance Light and heal Repairs and maintenance 937 3,950 39,872 1,931 7,517 33,875 44.759 43.323 Admin support 31.3.25 Other resources expeiided 31.3.24 TolJl activities Insurance Telephone Postage and slalionery Training Membership5 and sub5criplions Computer sofiware aiid Inaiiileiiance Room hire 937 2,544 3,712 425 920 34.373 1.236 1,931 3,991 2,188 688 26,152 721 44,147 36,627 Governance costs 31.3.25 011)er resources expended 31.3.24 Total aclivilies Truslees, expenses Audilois, remuneialion Auditors, remuneralion for lion audit work 177 7,820 148 6,900 3,400 3.30Q 11.397 10.348 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneralion or olher benefits for the year ended 31 March 2025 nor for the year ended 31 Marcli 2024. CHIPPENHAM Borough Lands Note5 to the Flnancial Statements - continued for Ilie Year Ende(131 Marcli 2025 TRUSTEES. REMUNERATION AND BENEFITS- ¢ontlnued Trustees, expen5e5 Tiuslees were reimbursed for Iravel costs lolalling £17712024.. £1481 incurred whilst representing the charity during the year. 10. STAFF COSTS 2025 2024 Wages and salaries Social security costs Pension 177,670 11,773 3856 162,195 6,310 193,299 171,344 The lolal amount of employee benefits received by key management pe¥sonnel is £58.263 12024.. £56,918). The chaiily considers ils key management personnel comprises the Iruslees and the Chief Executive officer. The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 Welfare Officer Education Officer Adminislralion No employees received emoluments in excess of £60,000. 11. TANGIBLE FIXED ASSETS Communily cenlres and similar assets F¥eehold land Freehold buildings COST Al 1 April 2024 Additions 481,293 738,734 358,960 Al 31 March 2025 481 293 738,734 358.960 DEPRECIATION Al 1 April 2024 Charge for year 29,000 14,775 40,421 6.863 Al 31 March 2025 43,775 47,284 NET BOOK VALUE At 31 March 2025 481,293 694,959 311,676 Al 31 March 2024 481,293 709,734 318,539 Pa e.,79 CHIPPENHAM Borough Lands Notes to the Financial Statements - continued for tlie Year Ended 31 Marcli 2025 11. TANGIBLE FIXED ASSETS- continued Off-site equipment Office equipm6nl Totals COST Al 1 April 2024 Additions 89,990 2,428 53,639 1,722.616 2,428 Al 31 March 2025 92,418 53,639 1725.044 DEPRECIATION AI 1 April 2024 Charge for year 83,068 1,889 35,755 188.244 27.084 Al 31 Marcli 2025 39.332 215.328 NET BOOK VALUE Al 31 Maich 2025 14.307 1,509.716 Al 31 Marcli 2024 6,922 1,534.372 Included in cost OT valuation of land and buildings is freehold land of £481,293 {2024 - £481,293) which is not depreciated. Fieehold land and buildings are included al valuation. The valuation was performed by an independent valuer Carter Jonas on 22 February 2019. The hisloiic costs of the freehold land and buildings was £523,57412024.' £523.5741 and accumulated depreciation lo dale would liave been £302,894 12024.. £292,423) had the assets been caiiied fO￿ard under Ilie cost model. 12. FIXED ASSET INVESTMENTS Shares in group Listed undertakings investments Totals MARKET VALUE Al 1 April 2024 Disposals Revaluations 13,683.712 117,2941 141,700 13,683.713 117.2941 141,700 Al 31 March 2025 13,808 118 13,808 119 NET BOOK VALUE Al 31 Marcl) 2025 13,808,118 13,808,119 Al 31 March 2024 13683712 13,683.713 Ii)vestMent iii groLIP Liiiderlakiiigs Investments Field by Ihe charily iiiclude a £1 inveslmenl in a 1000fi owned subsidiary company, CBLC Trading Limited. a company registered in England and Wales (company numbeT.' 12404706). The subsidiary's nel profil for the year was £Nil12024.' £Nill and capital and reserves as al 3fj March 2025 amounted lo £9812023.. £981. e4Q CHIPPENHAM Borough Lands Notes to the Financial Statements - contlnued for Ilie Year Elided 31 Mar¢h 202S 12. FIXED ASSET INVESTMENTS- continued Listed Investments The investments were held by Sarasin & Partners LLP lo invest on the charity's behalf. These are not owned by the Charity and the porifolio is managed by Sarasin & Partners LLP with guidance provided by the Charity's investment policy documents. These investments are held in units in Sarasin's Endowments Fund Class A Inc and Blackrock's ICS Sterling Liquidity Fund and are not direct inveslmenls. Split as follows.. 2025 2024 Fixed interest Equities Property Allernalive assets Liquid assets Less cash element analysed lo bank 1,348,506 9.484,553 522,924 1,366,091 ,276,533 1,694.899 10,022.488 487,320 939,122 539,883 190,4891 13,808.118 13,683.712 Cost or valuation al 31 March 2025 is represented by.. Shares in group Listed undertakings investments Totals Valuation in 2025 Cost 4,265,498 9,542,620 4,265,498 9,542,621 13,808,118 13,808,119 The investment property is valued by the Iruslees on an annual basis fo¥ impairment. 13. INVESTMENT PROPERTY FAIR VALUE Al fj April 2024 and 31 March 2025 1,60D.000 NET BOOK VALUE Al 31 March 2025 1,600.000 Al 31 March 2024 1,600.000 Fair value al 31 March 2025 is represented by.. Cost 1.600,000 e41 CHIPPENHAM Borough Lands Notes to the Financlal Statement5 . contlnued for the Year Elided 31 March 2025 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Other debtors Prepayments and accrued income 7,889 226,891 18,975 9,732 88,893 7,011 253 755 105,636 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Other creditors 184,127 18,983 59,438 36,403 203 110 16. MOVEMENT IN FUNDS Nel movement in funds Al 31.3.25 Al 1.4.24 Unrestrlcted funds General fund 2,158,687 1562,9321 1,595,755 Restricted fuiids Lackham Museum 43.161 43.161 Endowment fliiids Unapplied Total Return Permanent Endowment 12,957.497 2,291.621 550.397 13,507,894 2,291,621 15249118 550 397 15 799,Jf15 TOTAL FUNDS 17.450 966 12.535} 17.438.431 Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrèstrlcted fui)ds General lund 130,697 1693,629) 1562,9321 Endowinent funds Unapplied Total Return 480,355 {71,658) 141,700 550.397 TOTAL FUNDS 611,052 765,2871 141 700 12.5351 Pa e42 CHIPPENHAM Borough Lands Notes to the Flnanclal Statements - continued for tlie Year Elided 31 March 2025 16. MOVEMENT IN FUNDS- continued Comparatives for movement In funds Nel movement in funds Al 31.3.24 Al 1.4.23 Unrestricted funds General fund 2,816,562 1657.8751 2,158,687 Restricted funds Lackham Museum 43,161 43,161 Endowm&iit funds Unapplied Total Return Permanent Endowment 11.538,436 2,291621 1,419,061 12,957,497 2 291,621 13,830.057 1.419.061 15,249.118 TOTAL FUNDS 16.646,619 804,347 17,450,966 Comparative nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund 73,291 {661,843} 169,3231 {657,8751 Reslrlcled fuiids Lackham Museum 43,161 43,161 Eiidowment funds Unapplied Total Return 471,198 {67.3721 1,015,235 1,419,061 TOTAL FUNDS 587,650 729.2151 945.912 804,347 CHIPPENHAM Borough Lands Notes to the Financlal Statements - conllnued for tlie Year Elided 31 March 2025 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 monlhs combined posilion is as follows.. Nel movement in funds Al 31.3.25 Al 1.4.23 Unrestricted funds General lund 2.816.562 {1,220.8071 1,595,755 Restricted fuiids Lackham Museum 43.161 43.161 Eiidowmont fiiiids Unapplied Tolal Reluin Permanent Endowment 11,538,436 2,291,621 1,969,458 13,507,894 2,291,621 13 830 057 1989458 15 799 515 TOTAL FUNDS 16.646,619 791,812 17.438 431 A cvrrenl year 12 months and prioi year fj2 months combined nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 203.a88 11.355.472) 169,3231 11,220,807) Restricted fuiids Lackham Museum 43.161 43.161 Endowment fund5 Uiiapplied Total Return 951,553 (139,0301 1,156,935 1,969,458 TOTAL FUNDS a 198 702 (1494,5D21 1 087612 791 812 17. RELATED PARTY DISCLOSURES Dufing the period a company owned by Iruslee Jenny Bijdgell. provided accountancy services lo the charily charged al £1,860 12024.. £2,190). As al 31 March 2025, cosls of £Nil 12024.. £240) was included within accruals for these services. A payment was also made by Chippenham Branch Liberal Democrats lo CBLC of £50 for room hire. of which Jenny Budgell is a member. During the year the charity received donations of £70.423 12024.. £30.9DOI from CBLC Trading Limited, a group undertaking of Ihe charity- Iiicluded in Deblors is £85,129 12024.. £85,129) receivable Irom CBLC Trading Limited. a group undertaking of th8 charily. e44 CHIPPENHAM Borough Lands Notes to the Flnaii¢lal Statements continued for tlie Year Elided 31 March 2025 18. POST BALANCE SHEET EVENTS The Iruslees formally agreed lo Ir8nsfer the charity lo a charity incorpoTaled organisalion in April 2025. The charity assets and liabilities were transferred lo Chippenham Borough Lands Charity CIO with chaiily number 1208844 and company number CE036571 on 31 July 2025. 19. UNAPPLIED TOTAL RETURN On 1 June 2020. the Charity Ifuslees made a resolution under section 104A{21 of the Ch8rilies Acl 2011 to adopt a lolal return on investment approach to the charities permanent endowment fund. On 1 June 2020 the Trustees identified the value of the gifts of permanent endowmenl received siiice the fund was established lo Ih31 dale. This sel a baseline value of the gift component of the the endowment lo which any subsequent gifts of endowment are added. The difference between the lolal of endowment funds as al 1 June 2020 and the value of the gift componenl represented the opening balance of unapplied lolal return. The initial value of the unapplied lolal return luiid on l June 2020 was £11,443,4B3. The pi)wer of lolal return permits the Iruslees lo invest permanenlly endowed lunds lo maximise 10181 return and lo apply an appropriate portion of the unapplied lolal ielurn lo income each year. Until Ihe power is exercised lo transfer a portrorl of unapplied lolal return lo income, the unapplied lolal return iemains invested as part of permanent endowment. The power allows Ihe Iruslees lo decide in each year how mucl) of the unapplied lolal return is transferred lo income funds and so available lor expenditure. Having considered their obligations under the duly of even-handedness the Iruslees have made ¥ transfer ol £Nil from the unapplied lolal return lo unreslricled fLJnds in 2023124. In making this decision the Iruslees have taken into accoLJnl the investment climale, the return on investment for the year and the income needs of (he charity. The trustees have undertaken lo maintain the lolal endowment fund al a value of no lower than £10,000,000. Total Eiidowinen Perinaneiit endowment Unapplied total returii At 1 April 2024 2,291,621 12,957,497 15,249,118 Movemeiils In the reporting period: Investment return Realised gains aiid (losses} Less.. investment maiiagemenl costs Transfer lo unreslricled fund 480,355 141,700 171,6 Jf81 497,349 238,816 171,658} Net movemeiits In reportiiig perlod 550.397 16,686,281 At 31 March 2025 Girt component of the permanent endowment Unapplied 10181 ¥elurn 2,291,621 2,291.621 13,507,894 13,507.894 Total 2,291,621 13,507,894 15,799.515 Pa e45 CHIPPENHAM Borough Lands Detailed Statement of Financial A¢tlvitles for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacles Donalions 91,719 74,121 Investment income Other fixed asset invest- Fll Interest ¥e¢eivable 480.356 4.440 471,198 484.796 489,916 CSiarllable actlvllle5 Rents received 34,537 23,273 Other income Gain on sale of tangible fixed assets 340 Total incomlng resources 611.052 587.650 EXPENDITURE Investment management costs Porifolio management Sarasin porifolio management rebale 104,633 32 97Jl 95,893 28 5211 71,658 67.372 Charitable activities Salaries and wages Social security Pensions Rates and water Insurance Light and heal Tiavel & Accommodation Entertainment Other project cosls Grants lo inslilulions Grants lo indniiduals 29,763 2,651 673 2,108 937 3,055 540 30 15,939 177.OQ2 104.691 61,033 2,472 1,316 1,724 1,931 7,517 1.431 555 28,744 154,210 61.306 337,389 322,239 Siipport costs Mai)agonient Salaries and wages Social security Pensions Sundries Legal and professional Land meinlenance fj47.907 9,122 3,184 35,810 10,789 20,594 101,163 3,838 1,523 72,198 18,035 21,748 227,406 218,505 This page does not lorin i)art of the slalulory fii)aiicial slaleinenls e46 CHIPPENHAM Borough Lands SLIPFOgTI,'L ThÉCO,. Detailed Statement of Financial Activitles for the Year Ended 31 March 2025 31.3.25 31.3.24 Management Flnaiice Bank charges 510 341 Otlier charllable costs Insuiance Depreciation of tangible Iixed assets 937 27,084 1,931 28.529 28,021 30,460 Building support Insurance Light and heal Repairs and mairilenance 937 3,950 39,872 1.931 7,517 44,759 43.323 Adinin support Insurance Telephone Postage and slalionery Tr3inino Meniberships and subs¢riplions Computer soflware and maintenance Room hire 937 2,544 3,712 425 920 34.373 1,931 3,991 2,188 688 956 26,fj52 721 44,147 36.627 Governance costs Trustees, expenses Auditors, remuiieralion Auditors, remuiieralion for non audit work 177 7.820 148 6,900 3.300 11,397 10,348 Total resources expended 765,287 729,215 Net expenditure before gains and losses 1154,2351 (141.5651 Reallsed rÈcogMlsed galiis aiid105ses Realised gainslllossesl on fixed asset inveslmenls Realised gaii)slllossesl on inveslmenl property 141,700 1,015,235 69,3231 Net incomellexpenditiirel 12,5351 804,347 Tl)is page does not form parl of the slalulory linan¢i81 slalemenls e47