2021-03-31-accounts

THE CHAMBERCOMBE TRUST

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

Dyer & Co Chartered Accountants Onega House 112 Main Road Sidcup Kent DA14 6NE

THE CHAMBERCOMBE TRUST

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

INDEX

1. Independent Examiners Report

2. Balance Sheet

3. Income Account

4. Notes to the Accounts

1

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

THE CHAMBERCOMBE TRUST

We report on the accounts of the Trust for the year ended 31 March 2022, which are set out on pages 2 to 4.

Respective Responsibilities and Basis of Report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

Upon completion of our examination we confirm that no material matters have come to my attention in connection with the examination which gives us cause to believe that in, any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Dyer & Co Onega House 112 Main Road Sidcup Kent DA14 6NE

Chartered Accountants

2

THE CHAMBERCOMBE TRUST

BALANCE SHEET

AS AT 31ST MARCH 2022

	31 March 2022	31 March 2022	31 March 2022	31 March	2021
	£		£	£	£
FIXED ASSETS:
FREEHOLD PROPERTY– Note		802,148		802,148
EQUIPMENT
Balance as at 1 April 2021 & 31 March 2022 24,972					24,972
FIXTURES AND FITTINGS
Balance as at 1 April 2021 & 31 March 2022		10,265			10,265
TOTAL FIXED ASSETS		837,387		837,387
CURRENT ASSETS:
Chambercombe Trading Ltd	380,598			380,598
Cash at Bank	922			922
	381,520			381,520
DEDUCT: CURRENT LIABILITIES:
Sundry Creditors and Accruals	376			376
NET CURRENT ASSETS		381,144		381,144
		£1,218,531		£1,218,531
Represented By:
TRUST INCOME ACCOUNT		£1,218,531		£1,218,531
………………………………………)
J. Mogg		)
..................................................... )
S Johnson		)	Approved–Trustees
………………………………………)
A S Powell		)

3

THE CHAMBERCOMBE TRUST

INCOME ACCOUNT

FOR THE YEAR ENDED 31ST MARCH 2022

Interest Received Sale of Property Sale Proceeds Property Cost Selling Costs _ Loss on sale of property (DEFICIT)/SURPLUS FOR THE YEAR SURPLUS BROUGHT FORWARD SURPLUS CARRIED FORWARD	Year Ended 31 March 2022 £ £ - - - - __ - ______ - 1,218,531 £1,218,531	Year Ended 31 March 2021 £ £ - __ - 1,218,531 £1,218,531
	£ - - - ____	£

4

THE CHAMBERCOMBE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2022

31 March 2022 £ £ FREEHOLD PROPERTY CHAMBERCOMBE MANOR: Freehold Property at Cost 139,200 Improvements 129,976 269,176 BUZZACOTT MANOR: Freehold Property at Cost 200,000 Legal Expenses on Acquisition 3,423 Improvements at Cost 198,961 402,384 WISTERIA COTTAGE Freehold Property at Cost 130,587 LAND AT KILLACLEAVE, ILFRACOMBE Cost 1 COST AS AT 31 MARCH 2022 £802,148		31 March 2021 £ £ 139,200 129,976 269,176 200,000 3,423 198,961 402,384 130,587 1 £802,148

The Trustees had two of the Trust Properties in Devon professionally valued on the 20 April 2000 by local Estate Agents. The valuations were as follows:-

PROFESSIONAL VALUATION

PROFESSIONAL VALUATION
	£
20 April 2000
Chambercombe Manor, Ilfracombe, Devon	325,000
Buzzacott Manor, Devon	209,000