CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST CLACHARITABLE TRUST TRUSTEES, REPORT, INDEPENDENT EXAMINER'S REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 NOVEMBER 2023 CHARITY REGISTRATION NUMBER280264
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST Contents Page Officers and Advisers Chair of Trustees Report Trustee's Report Statement of the Responsibilities of the Trustees Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST Trustees: Bridget Biddell Ichairl Robin W Clarte Andrew Grant (Resigned 4 Ocl 20231 Jane Lane Roger Douglas Giles Bowring Caroline Wilson Tessa Berridge (Appointed 1 Nov 2023} Hannah Connors {Appoinled 1 Nov 20231 Ben Monks (Appointed 1 Nov 2023} Charlty Reglster•d number: 280264 Bankers.. The Royal Bank of Scouand 62-63 Threadneedle Sireel London EC2R 8LA Reglstered Offlce: 16 Belgrave Square London SW1X 8PQ Independent Examlner.. Crowe U.K. LLP Chartered Accountants Black Country House Rounds Green Road Oldbury B69 2DG Investment Managers: Ralhbone Investment Management Limited 8 Finsbury Circus London EC2M 7AZ
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST Chair's Report for the year ending 30th November 2023 202212023 has been a year in which we have seen a huge increase in demand for grants from excellent charities and social enterprises delivering outcomes in line with our priorities and objects. We have been able to match some of this increased demand with increased giving. but sadly not all. I would like to thank the trustee Board for their diligence and time in considering the applications and making difficult decisions about which grantees to support. We have supported the work of 81 charities and non-profit organisations, with grants made totalling £252,739. An increase on 2022 when 61 grants were made totalling £243,838. Our grant spending has been spread across England and Wales as shown here: 14% 14% 4% . North Midlands East London South East . South West Wales Multi year funding l am delighted that we have been able to continue our mulliyear funding to impactful charities whose work aligns perfectly wilh our aims. This includes support for Famis for City Children, Jamie's Farm and The Countryside Trust with the addition this year of Countryside Learning. The Charitable Trust continues to make scholarships to undergraduates at both Harper Adams University and Aberystwylh Universty prioritising students from backgrounds traditionally underrepresented in the rural sector. In 2022123 academic year we supported six students with funding towards their studies. l am pleased that the new scholarship programme with Aberystsvyth University is now established and satisfactorily embedded. The work of the Charitable trust continues to grow in its relevance, as England and Wales wami too nature-based wellbeing and social prescribing. There is no doubt in my mind thal this need will conlinue lo grow. With this in mind I would like lo thank all our donors for their support, and in particular to say how grateful l am to donors who have had the foresight to leave generous legaGies.
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST As in previous years I would like to thank the CLA for their support, for undertaking the work required under the seNice level agreement and helping raise the profile of the Charitable Trust Ihrough increasing social media and communications activities. Andrew Grant has seNed two temis of three years as a Trustee, retiring in November 2023, a big thankyou to Andrew. and to all the Truslees of the board who have given their expertise lime and commitment to the Trust. And finally, my heartfelt thanks to all the organisations we have been able to support this year. It is their continuing hard work, in a challenging sector. in delivering impactful support, education and nurture in and about the countryside that is so important. <itr, r ?,,- Bridget Biddell MA MRICS DL Chalr of Trustees
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST Trustee's Report for the year ending 30th November 2023 THE TRUST DEED The Charitsble Trust deed was made on 29 March 1980 and presented to the Commissioners of Inland Revenue on 2 June 1980. The Registered Charity Number is 280264. THE OBJECTS OF THE TRUST The Trustees shall hold the capital and income of the Trust Fund upon Trust lo apply the same at such time or times as they may in their absolute discretion think fil for all or any one or more of Ihe following objects- 1. Advancing people's physical and mental health and wellbeing, through financial support of charities, not for profit organizations and social enterprises which are delivering access, recreational and educational opportunities within and abovl the untryside. 2. To promote and encourage education in. famiing, food production and rural land management 3. The relief of poverty 4. Such other charitable purposes as the trustees may in their absolute discretion from time to lime think fit. POLICIES OF THE TRUST The Trustees have the discretion to vary the objects of the Trust to ensure that its work continues to be relevant and lo meet the intentions of the foundin9 Trustees. ORGANISATION The Trust is administered by the Trustees. of whom one is the Chair. and adminislrative support is provided by the CLA under a service level ageMent. Trustees are appointed for a term of three years with a possible further three-year temi. Selection of any new truslees is made after advertising within the CLA membership and through a formal interview process. A Iruslee's skill audit is mainlained and new trustees are recruited to provide the skills identified as required. Trustees receive an induction pack on having been recruited. There are no restrictions on the number of trustees. bul the power of appointing new trustees is exercisable by the President of the CLA. The Trustee Board includes one trustee as the CLA Board representative who also sits on the CLA Board. THE YEAR 2022- 2023 The total amount of grants and scholarships awarded by the Trustees during the year was £252.739 {2022.' £243.838).
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST REVIEW OF TRANSACTIONS A full statement for the year ending November 2023 is given in the Statement of Financial Activities and Balance Sheet on subsequent pages. GRANTS TO OTHER ORGANISATIONS A list of grants of £5,000 and over. ison page 16 in note 11 to the accA)unts. PUBLIC BENEFIT The Trustees Confi that they have complied with their duty in the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities of the Trust. The Trustees review the activities against its aims and are satisfied that all the activities continue to focus on achieving its aims. No specifi issues of detriment or hami have been identtfied. RESERVES POLICY The level of reserves are set at an appropriate level to ensure that adequate resources are available to allow the Trust lo meet all outstanding commitments at any point in time whilst having regard lo the level of investments and the ongoing support of the CLA and its m8mbers. INVESTMENT POLICY The investment policy of the Trust is one with medium risk with the aim of achieving a growing income and capital growih. The Trustees believe that a mixed portfolio of bonds, equitiès, alternative investments and cash would produce an income return in excess of cash and money market instruments and also has the potential lo grow over lime, albeit with some risk to capital. However, the porffolio is well diversified from a geographical perspective and has the potential to generate Capital grovAh in the medium term- The Truste8s reappointed Rathbone Investment Management Ltd as th8 inv8Stment manager. The Trustees have asked the Investment Managers to clarify their ESG policies in terms of all investments held on behalf of the Trust. The performanceof the portfolio under Rathbone's management experienced a disappointing year: from December 2022 to November 2023, the portfolio produced negative returns of 3.0%, compared to the benchmark of 6.9% and the FTSE All Share decline of 2.141..
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST TRUSTEE'S RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice.) The law applicable to charilies in England and Wales requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that P8riod. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and apply them consistently observe the methods and principles of the Charities Statemenl of Recommended Practice make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed. subject to any departures disclosed and explained in the financial statements., and- prepare the financial statements on the going GOnM basis. unless it is inappropriate to presume Ihat the Trust will conlinue in operation The Trustees are responsible for keeping proper a¢¢ounling records that disclose, with reasonable accuracy at any time. the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Trust and the financial information included on the website. This report was approved by the Trustees on on their behalf by.. 20 August 2024 and signed <i,r7 AA4 Bridget Biddell MA MRICS DL Chair of Trustees
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST Independent Examiner's Report to the Truslees of CLA Charitsble Trust I report to the trustees on my examination of the accounts of CLA Charitable Trust (the Ghartyl for the year ended 30 November 2023, which are set out on pages 10 to 16. This report is made solely to the charty's trustees, as a body, in accordan with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the harity's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, the charity s members as a body and the charity's trustees as a body for my independent examiner's work, for this report. or for the opinions I have formed. Responsibilities and basis of report Since the charity's gross income exceeded £250.000 the independent examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to under th8 examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. As the charity trustees of Ihe Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the A¢t'}. I report in respect of my examination of Ihe 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 Ihe Charily Commission under sedion 145(51{b) of the Act. Independent examlner's stslement I have completed my examination. I confim that no material matters have coma to my attention in onnection with the examination giving me cause to believe that in any material respect.. accounting re¢ords were not kept in respect of the Trust as required by section 130 of the Act. or 2. the a¢¢ounts do not accord with those rds. or 3. the aount$ do not Comply with the appli¢able requirements concerning the form and ¢onlent of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the acwunts give a 'true and fair, view which is not a matter considered as part of an independent examinalion. I have no concerns and have come across no other matters in connection with the examination to which altention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Helen Blundell LLB FCA FCIE DChA Crowe U.K. LLP Chartered Accountants Black Country House Rounds Green Road Oldbury B69 2DG Date 26 September 2024
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST CLA CHARITABLE TRUST ACCOUNTS STATEMENT OF FINANCIAL ACTivrriES Year ended- 30 November 2023 Unrestrirted Funds 2023 Total Funds 2023 Total Funds 2022 Note Incomefrom: Donations Legacies Other- Deed of Cov6nanUGift Aid 190.872 161,970 976 353,818 190,872 161,970 976 353,818 213.579 1,090 214,669 Investments 10,055 10,055 10,188 Total Income 363.873 363,873 224,857 Expendlture on: RalsSng Funds Charitable Activities 14,2391 1267.6961 14,2391 1267.6961 13,921) 1257,487) Total Expendlture 271,935 1271.935 (261,408 J Net IncomellExpenditurel 91,938 91.938 36,551 Other Recognbed GalnsllLos$e$) IL0ssesyGai on inv9Stmerrts 10,600 10,61XI 33,856 Netmovementln Funds 81,338 81,338 170,407) Reconclllatlon of funds: Total funds brought forward 413.865 41365 484,272 Total funds carried forward 495.203 495.203 413.865 The notes on pages 12 to 16 form part of these financial statements 101 Page
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST CLA CHARttABLE TRUST ACCOUNTS BALANCE SHEET As at 30 No¥ember 2023 2023 2022 Note Flxtd Assèts: Investments 488.452 353,762 Current Assets: Debtors and Prepayments Cash at Bank 14.671 14.096 28.767 15,212 45,892 61,104 Credltors due wlthln on• y•ar: 22,016 Currènt A55ets 6.751 60,104 TOTAL NET ASSETS 495,203 413,865 FU140 Unrestrictèd Fund 495,203 413,865 The notes on pages 12 to 16 form part of these financial statements. The financial statementswere approved by the Board of Trusteeson 20 AuRUSt 2024 and were signed on its behalf by.. AA4ts Bridget Biddell MA MRICS DL Chalr of Trustees
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS 1. General infomiation The CLA Charitable Trust is a registered eh8rity (Charity registered number 2802641 with the Charity Commission in England and Wales. The registered office is 16 8elgr8ve Squ8re. London SW1X 8PQ. 2. AG¢ounting policies 2.1 Basls of preparation of flnanclal statsments The financial statements have been prepared in a¢¢ord8nce with the Ch8ritie$ SORP IFRS 1021 (second edition October 2019 Accounting and ReFX)rting by Ch8rities.' Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- Assets and liabililiesare initially re¢ogni$ed al hi$lori¢al cost or tran$a¢tion value unle$$ otherwise staled in the relevant a¢¢ounling policy. The presentslional currency of the Trust is Sterling and the finandal statements have been rounded to the nearest whole number. The $ignifi¢anl ac¢ounling poli¢ies applied in the preparation of these finan¢ial $talements are set out below. These policies have been consistently applied to all years presented unles$ otherwise stsled. The CLA Charitable Trust meets the definition of a public benefit entity under FRS102. 2.2 Golng concèrn Al the time of approving the financial statements. the Trustees have a reasonable expectation that the Trust has adequate resources lo continue in operational exislence for the foreseeable future and that there are no material uncertainties about its ability lo continue. Thus the TTU$tees Continue to adopt the going ¢oncem basi$ ofa¢¢ounting in preparing the financial slatemenls. 2.3 Incoming rgsources All income is recognised once the Charitable Trust has enb'llemenl to the income and il is probable that the income will be reived, and the amount of income receivable can be measured reliably. Other donations are included within income when these are received. If there are conditions attached lo the donationlsl that require a level of performan before enlitlemenl can be obtained, the income is deferred until those conditions are fully met or the fuifillment of those conditions is within the control of the Charitable Trust, and it is probable that they will be fulfilled. 2.4 RBsourcos expBndod All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefil to a third paty and it is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. 121 Page
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST 2.5 Costs of generating funds Expenditure on raising funds includes all expenditure incurred by the Charitable Trust to raise funds for ils charitable purpose and includes cosls of fundraising activities and events and investment manager costs. 2.6 Charitable Activities Expenditure on ch8ri18ble activities is incurred on directly undertaking the activities which further the Charitable Trust's objectives, as well as any 8SSOClated support costs. This includes Grants made by the Trust. bursaries to scholars al Harper Adams University and an appropriate proportion of overheads. All expenditure is inclusive of irrecoverable VAT. Grants payable lo organisalions are within the chariL9ble objeelives of the Trust. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise lo reasonable expectslion that the recipient will receive the grants. 2.7 Fixed asset investments Fixed Assets investments are a form of basic financial inslrumenls and are initially recognised at their transaction value and subsequenuy measured al fair valve using the closing quoted markot value. All gains and losses are accounted in the slatemenl of Financial Activrties ISOFAI when they arise. The Charitable Trust does not have holdings in complex financial investments. 2.8 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives and which have not been designated for other purposes. There have been no restricted funds in the last two years, as donors have made voluntary donations with no obligations or reslriclions on the Charitsble TnJ$t. 2.9 Flnanclal Instruments The charity holds only financial assets an(J financial liabilities of a kind that qualify a5 basic financial inslrumenls. Basic financial inslwmenls include deblors and creditors. Debtors and creditors ar8 initially recognised al transaction value and subsequently measured at their settlement value. 2.10 Judgements and key sources of estimation uncertainty Estimates and judgements are continually evaluated and are based on historical experioncg and other factors that are believed to be reasonable under the circumstances. There are no signrficant estimates and judgements used in the preparation of these financial stalemenls. 13 | Page
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST CLA CHARITABLE TRUST ACCOUNTS STATEMENT OF FINANCIAL AcrivtnES Year ended 30 November 2023 3. C05t of raising funds: Unrestricted funds 2023 Unrestricted funds 2022 Travel & subsistence Investment management fees 1,474 1765 1,024 2,897 4,239 3,921 4. Charitable activities.. Unrestricted funds 2023 Unrestricted funds 2022 Grant5 Support Costs Insurance Independent Examination Administration, IT, Printin& postage & Statione 252,739 243,838 11,040 392 1,948 269 392 1,525 267,696 257,487 5. Twstees, and employee remuneration and expenses During the year, no Trusteees received and remueration or other benefits12022- ENILI. There were no employees in the current or previous period. No employee received remuneration amounting to more that £60,(KK) in either year. During the year ended 30 November 2023, Trustee expenses totaling £1,33212022.'£4011 were incurred. 141 Page
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST 6. Investments.. 2023 2022 Market Value brought forward 353.762 391,878 Additions 30,295 Disposals (20.324) Movement in cash held for reinvestment 135,(KJS1 16,064 ILossesllGains 110.6001 (33,856) Market Value . Listed Investments C/Fwd 338,452 353.762 Cash deposit held for investment 150,0(MI Total Investments 488.452 353.762 7. Debtors Unrestrlrted funds 2023 Unrestricted 2022 Accrued Income 14,671 15,212 8. Creditors amount falling due within one year Unrestricted funds 2023 Unrestricted fvnds 2022 Trade Creditors Accruals 12,996 1,020 14,016 1,000 Grant Commitment5 Brought forward at l December 2022 Awarded intheyear Paid in theyear Carried forward at 30 November 2023 252.739 1244,7391 243.838 1243,8381 Total Creditors due within one year: 22.016 I,O(KJ 15 | Page
CLA Charitable Trust Accounts C-L4, CHARITABLE TRUST 9. Taxation No provision for taxation is required, as the Charitable Trust is a Registered Charity and it takes advantage of the exemptions available to it. 10. Financial Instruments 2023 2022 Financial assets measured at fair value 338.452 353,762 Financial assets are measured at fair trade value comprise listed investments 11. Grants of £5.000 or over to other organisations Recipient- Unrestrirted Fund Amount Harper Adams Unlverslty Development Trust jamie's Farm Farms for City Children The Country Trust Countryside Learning Essex Agricultural Society Thorna8e Hall Independent Living lamle's Farm Susan's Farm 7,000 7,000 7,000 5,000 5,000 5,000 5,000 5,000 s,oc The Askefield Project Ltd Pembrokeshire Agricultural Society The 05win Project 71 Other grants were awarded during the year totalling £182.739. No grants have been made to individuals. 12. Related party transactions The CLA Charitable Trust (the Trust) has a related party relationship with the Country Land and Business Association ICL41. Members of the CLA make an annual donation of £10 towards the grant making objettive of the Trust. At the end of the financial year 2023, there was a balance due to the Trust of £14,67112022.. £15.2121 The CLA provide a number of administrative servi$ to the CLA Charitable Trust under a service level agreement. The charge for these Services for 2023 was £12,CKJO12022.. £11.0401 161 Page