COUNTRY BUllLDllNGS TECTI T LIMITE FUNANCOAL STATE ENTS FOR TNE YEAR ENDED SEPTEMBER 2021 Charity Registration Number: 283059 Company Registration Number: 1552706 LOCKINGE ESTATE OFFICE, ARDINGTON, WANTAGE, OXFORDSHIRE, OX12 8PP
COUNTRY BUILDINGS PROTECTION TRUST LIMITED CONTENTS Year ended 30 September 2021 TRUSTEES, REPORT tNDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS
COUNTRY BUILDINGS PROTECTION TRUST LIMITED TRUSTEES, REPORT Year ended 30 September 2021 The C(kun¢il of Management submit their report and accounts for the year ended 30 September 2021. The Council of Management h&v¢ taken advantage of the exemptlOD from audit conferred by Section 477 Companies Act 2006 and the aceourtts for the year are unaudited. CONSTITUTI The Company is Ctsnstitud by the Memorandum and Articles of Association dated 10 February 1981 and is limited by guarantee without a share capital. The liability of the 47 Members is limiied io 8 surn not exceeding £1 each. CHARITABLE STATUS The Cotnpany {company number 1552706) is registered as a charity with the Charity Commission, under the Charities Act 1993 {regi5tt3tion number 283059}. PRESIDENT MrT C Loyd. IL OF MANAGEMENT Elected Members of Council ofmanagement: The elected Members of the Council of Mana8eTnent who seNed as Trnstees and Directors of the Company during the year were as follows: T Bond- chairman Mrs R Baring DrEABoon Mrs C Wardingley Lisi Note- Mrs Y Halnpson reSiLed at the AGM held on 81h March 2021. The Members of the Council of Managem¢nt were appointed in accordance with thc Memorandum and Articles of AO¢laTion. Secretary.. J A Sayers (not a Member of the Council of Management) REGISTERED OFFICE Lkinge Estate Office Ardington, Wantsge, Oxon. OX12 8PP INDEPENDENT EXAMINER G P Smye-RUnbY ACA Dixon Wilson, Chartered Accounianis 22 Chancery Lane London. WC2A ILS ANKER Barclays Bank PLC 17 Market Place, Wantage, Oxon. OX12 8AG SOLICITORS Knights Midland House. West Way Oxford. OX2 OPH
COUNTRY BUILDINGS PROTECTION TRUST LIMITED TRUSTEES, REPORT (continued) Year ended 30 September 2021 TIVES FOR THE PUBLIC BENEFIT To preserve and protect for the benefit of the public generally and especially the inhabitants of thc parishes of Ardington and Lockinge in thc County of Oxfordshire, buildings and land5 of beauty or hsstoric interest and as regards lands of ecological or other scientific importance, and generally to protect and preserve the character. aspect and amenities of the rural environment and, so far as necessary for the attainment of the foregoing, to promote. assist (by financial contribution or oth¢rwise} or oppose proposals for the use or development of such buildings or lan¢ts. The Tstee5. having Tegard to the Publi¢ B¢n¢fit guidance published by the Charity Commission in accordanc¢ with section 17 of the Charities Act 2011. consider that the purpose and activiti£s of the charity satisfy the requirements of the publi¢ b¢nefit test set out in section 4 of the same Act. ORGANISATION The Company and the property and affairs th¢reof ar¢ und¢r the control and management of the Council of Manag¢ment in 2ccordance with the Memorandum and Articles of Association. Thr day-to4ay management is carried out by Adkin, Chartered Surveyors at a fee agr¢ed by the parties. SELECTION AND APPOINTMENT OF TRUSTEES When a need for a new Trustec is idcntificd, th¢ ¢xisting Trustee5 will review the eligibility criteria for Tn]stees, agree ivhat skills, experience and knowledge arc n¢¢dcd and agree a process for recruitment. The Twstees will agree the best thOd for attracting candidates and interview the candidates equitably against the agreed criteria. The preferred candidate will be identified and invited to join the Trustees, subject to references, fornul vetting and approval of the TTU5t¢e boktd. The peTson nominated for appointment as Trustee will be required to sign a declaration of his or her eligibility to a¢t as a TNstee in a forni acceptable to the TTUStccs. The vetting will encompass disqualification checks. conflicts of interests and if appropriate, Criminal Records Bureau checks. Appropriate inforn]ation will be made available to the potential TNstees at cithcr thc intcrview stagc or the nOlnatIOn stage alx)ut Trustee Duties and Responsibilities, the Charity including its Objectives, its Accounts, the Trust Deed5 alld the existing Trustees. A newly appoint¢d Trustee will be offered and given appropriate induction and training.
COUNTRY BUILDINGS PROTECTION TRUST LINIITED TRUSTEES, REPORT (continued) Year ended 30 September 2021 DIRECTORS, RESPONSIBILITIES The directors are responsible forpreparingthc Directors. Report and the financial statements in accordance with applicable 12w and regulations. The Directors, Report is contsined wthin thc Trustees. Report as required by company law. Company law requires th¢ dir¢ctors to prepare the fi[Cial statements for Vdch financial year. Undcr ihat law the directors have elected to prepare the financial statcmcnts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the flnancial statements unless they are satisfied that they give a true and fair view of th¢ state of affaits of the Company and of the profit or 10s5 of the Company for that period. In preparing these financial statements, the directots are required to.. select suitable accounting policies and then apply them con5iStcntly' make judwents and accounting e5timat¢S that are re&%onable and prudent. prepare the financial statements on th¢ going concern basis unless it Is inappropriate to prcsutne that th¢ Company will continue in business. The directOTS are responsible for keeping adequate accounting rccords that are sutficient to show and explain thc Company's transactions and disclose reasonable accuracy at any tim¢ th¢ financi21 position of the Company and enable them to ensure that the financial statemet]ts comply with the Companics Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reawnable steps for the prevention and dct¢ction of fraud and other iegUlarlties. REVIEW OF THE YEAR During the year the following projects and aetivilies were funded by the Company.. l. Lo d Lindsa the Company has continued its support for a¢tivitie5 at the Loyd Lindsay Rooms, which are used for the benefit of charities, individuals and various organi5ation% from within the local cOmll1ty. The Company has funded the deficit of the Loyd Lindsay Rooms, operdtions from its own resource5, as set out in Note 4 to the Financial Statement5. In the year under review this included the Company spending £982 {2020- £3,698} on the rerb]shmellt of the Rooms. 2. Villa e Life Past and Present - th¢ Company provided fitnding of £4.549 {2020 - £8,971) for th¢ nhancetnent of the archive collection. part of which is permanently displayed within the Loyd Lindsay RoonLS and is also the subj¢ct of an annual, two4ay public exl]ibition. Th¢ archivists now opcrate out of larger premises, the cost of which is borne by th¢ Cotnpany. 3. Other- wnts were awarded for graveyard maintenanee of £170 {2020- £170). West Lockinge notice board £1,300 (2020- £nil} and Sports club defibrillatOT £2,500 {2020- £nil}. The Company incurred costs relating to Locking¢ Mernorial Gardeu £285 (2020 - £3251.
COUNTRY BUILDINGS PROTECTION TRUST LIMITED TRUSTEES, REPORT (continued) Year ended 30 September 2021 RISK Thc TrustCC5 have reviewed the major risks to which the charity is ¢xposed, and procedures have been established to mitigate thosc risk5. FINANCIAL POSITION The Company incurred expenditure of £41,296 {2020- £46.978} including payments of £21,78012020- £31,649) for the benefit of local amenities in fvrtheron¢¢ of the objectives as stated above. The fiind benefitted from a revaluation of th¢ Loyd Lindsay Rooms in the year, being an uplift of £75,59612020- £nil). Th¢ a¢tivities resulted in a net surplus of £74,350 for the year (2020 - £14.595). RESERVES POLICY Lt is not the Tru5t¢¢s' poli¢y to maintain reserves of income a5 all ¢xpenditurc of the chltY is met by anDU21 dotydtions income. IVIDEND The Cotnpany's Articles of Association prohibit the payment of a dividend. SPECIAL PROVISIONS This report is prepared in accordance with the special pmyisions of Part 15 of the Companies Act 2006 relating to small companies. FUTURE DEVELOPMENTS As further donations are rc¢¢ived and funds become available, the Coun¢il of Managemet]t intends to continue with the Company's activities within its charitable objectives. By order of the Council of Manag¢m¢Tht J.A. Sayers se¢tary Date.. 21 March 2022
COUNTRY BUILDINGS PROTECTION TRUST LllWIITED INDEPENDENT EXAMINER'S REPORT Year eded 30 September 2021 IDdependeDt examiner's repoTt to the trustees of "Country Buildings Protection Trust Llmited" {'the Company,) I report to the trustees on my examination of the accounts of the Company for the year ended 30 ScpttnbEr 2021. Responsibilities and basis of report As the charity trustees of the Company land also its directors for the purposes of company laivl you are responsibl¢ for the preparation of the accounts in accordance with ihe requirements of the Companies Act 20061.the 2006 Act,). You are satisficd that an audit is not r4uired for thi5 year under charity or company law and that an independent examination is needed. Having satisfied myself that the accounts of the Company ar¢ not required to be audited under Part 16 of the 2006 Act and are cligibl¢ for independent examination, I report in rcspect of tny exatnination of your charity'5 accounts as c2rtied out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examination I have follow¢d ihe Directions given by The Charity Commission under section 14515)(b) of thc 2011 Act. An independent examination does not involve gathering all the evid¢n¢e that would be required in an audit and consequently does not cover all the matters than an auditor considers in giving their opinion on the a¢counts. The planning and conduct of an audit goes b¢yond the limited assurance that an indepcnd¢nt examination can provide. Conscqu¢nily, l express no opinion as to whether the accounts present a 'true and faiT' view and my report is lirnited to thosc 5p¢cific matters set out in the independent examiner's statement. Independent ex4miner's statetneDt l am qualified to uT2dertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed tny examination. I confirni that no material matt¢r5 have come to my attention in ¢onnection with the examination giving me cause to believ¢ that in any material respect.. accounting records were not kept in r¢spwt of the Cornpany as required by section 386 of th¢ 2006 Act,. or the accounts do not accord with thos¢ r¢cords' or the accounts do not comply with the accounting Tequirern¢nts of section 396 of the 2006 Act other than any requiTement that th¢ arcounts give a'tNe and fair view, which is not a rnatter considered as part of an indq)endent examination- or the accounts have not been prcpar¢d in aceordance with the methods and principles of the Statcmcnt of Rccommended Prnctice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I hay¢ no concerns and have come across no mattcrs in connection with the examination to which attention should be H.-awn in this report in order to enable a proper understanding of the accounts to be reached. G P Smye-RunLE Dixon Wilson 22 Chancery Lane London WC2A ILS 21 Mar¢h 2022
COUNTRY BUILD]NGS PROTECTION TRUST LTD STATEMENT OF FtNANCIAL ACTIVITIES (INCLUDING AN INCOME AND EXPENDITURE ACCOUNTI Year¢nd¢d JO Sc iember2021 Noie 2021 2020 tNCOME AND ENDOWMENTS.. Do1110S and le Dortations Conlribuiion FTOM LLR Licencee cies.. 40.00 So.) 1,5 Relail, Hospitality and Lci5urc BusiSGranI 10,000 Income fr IntetEgt investments.. 35 61,535 40,000 mt from eharitsbl Rents received 50 38 TAL IN MEAND ENDOWME 40.050 61.573 EXPENDITURE ON CHARrrABLE ACTIVITIES.. Charitable pa>Thellls lo local prOJtS Sllppim costs.. Rcnl Tn5urdnce Managemeni fees Admini$ti0Th fec5 rr costs Professional fees Bank charges Sundry costs Dcprccialii Mainillliallce costs 21,780 31,649 100 138 890 7.957 2.067 2,832 780 45 35 1.640 749 2,404 27 35 957 2.373 17,392 14,955 Govemanc¢eosts'. Indepcndcnt Exatninerf5 Fx5 Sundry coss 2,124 174 200 2.124 374 41.296 46.978 NET INCOMEI(EXPENDtTUREI FOR THE YEAR 14,595 Fairvalue adju5tment- revolualion LLR 75596 NET MOVEMENT tN FUNDS FOR THE YEAR 74,35 14.595 RECONCILIATION OF FUND UnrestTiCted funds broughi f¢)ThV&Td 883,104 868.5f UNRESTRtCTED FUND5 CARRIED FORWARD 957 454 883,104 Thecompany ha5 no FecoBnised gainsor105SE5 which are noi reflec*d in Ehis statentOr financial actiNilie5. All 3niouftts are in respeet ofconiinlling activtties 2nd all are unrestrieted itt their perniiiied applicaiions.
COUNTRY BUILDINGS PROTEcfioN TRUST LTD BALANCE SHEET As at 30 S ten*er2021 Nolc 2021 2020 FIXED ASSETS Tanwbl¢osseis PrOgrae Related Investhient Other Land & Building5 Plant & EqUipnr 590,341 341.336 19.901 951,578 514,745 341,336 25.127 881.208 CURRENT ASSETS Prrpayments Cath al bank 750 238 8,843 9.081 12,499 CURRENT LIABILITIES CTeditots'. amounts fallin8duE within oneyear 16,6231 NETCURRENT ASSETS 5,876 1.896 NET ASSETS 957,454 883,104 REPRESENTED BY.. Ac¢und fund 957.454 883,104 TOTAL UNRE5TRtcrED FUNDS 957,454 883.104 Forthe yearended 30 SeptEmber 2021 ihe Comparty was entitled eXeTIon from audit undcr section 477 of Ih¢Companies Aci21M)6 r¢J8tiD8to small companie5. ThenMJb¢rs have not r4uired IheCoJnpaAy to obtsin audit of ILS accouftts for IheyeaT in gU¢Stion in accordancc with 5ftti0tt476. Th¢dIr¢CT5 acknowledge Ihcir rEsp)sTbillllcS for complying with the rwllirementsotthE A¢1 with respeci toaccounlingr¢cords and the preparation ofaecollnts. These accollnts havebe¢n in accordance with the provi£ionsapplicable kneompanits subjeci io tIK 5Tnall Companies reg1w in Part 15 ofthe Companies Acl 2006. Tb¢Accounts on pages 7 to I I wcte &Fvroved by IhE Coun¢il ofmanagemenion 21 Mar¢h by.. 2022. and W¢r¢$i on lheirhlllf MrTBon (Trusiccl Mts R Baring ITru5teel Company number 1552706
COUNTRY BUILDINGS PROTECTION TRUST LTD NOTES TO THE FtNANCTAL STATEMEWFS Ywelldcd 30 Se tener ?021 I. ACCOUNTING POLICIES SCOPE AND BASIS OF FtNANC Thc finan¢ial 3iaicmenLs have been prcparcd in accordance with the FRS102 51atemenl of R#0mM¢nd Prdctiee.. Accounting and Reportin for Charilie¥ ISORP 201912nd the Charities Aci 2011. Tliese financial SthlemenLs have been pTCPad undtr ihe hisiorical cosi convcniion except sct olll For Fixcd a55cls in Nolc 5 10 th¢ Fingn¢ial Sthttsnents. The financial staiements are presenied in Skrling aDd 2yc rounded to the n¢aytsi £ FUND AccouwrtNG un1rcted Funds aTe3vai]ab]e for use al ihe discrelion of Ihc Council of Man#went io furth¢r8nEeofthegenernl charimblc objffliv¢s. Dsaled Funds aTY u[c5¢¢t fun& which would b¢ transferred from the generBI fiLnd for particular PUTPDS¢S or pFoj¢¢ts ot ihe discrdion of thc Council of Management. Rc3lri¢t¢d Fonds Wollld be funds donatcd either fora particularpurw5c lh¢ us¢of whi¢h wou]d be restricd to IhDI PUfP05C or#re TNCOMING R All incomq including voluntsry donation¥ and inv¢sint income, is recogttised and accounied for when ihe Chily has eniiilement the funds. thr amourti CAn bcquaniified and rcceipi is probJble. RANTS Grants reccivcd aTf rccosniscd and attount¢d For when the Charity eniitlanenl to the (und5. Ihc atnouni Can bc quatttified and receipi is probable, in line wiih ihe policy for illCOTnins TesDur¢e6. Any ¢onditions aitached to ihe grdni must be saiisfied or rwonably expctttsl be sati$fi¢d at th¢ timc of reeogn21ion ofthegrant. RESOURCES EXPENDED All expendiiure is recognised when the is a leBal or CO$¢r¢1¢ye obli8ation pay. Where costs cannot be direcijy ththbui¢d to an cxpEndilurE hcading. they will bc alloc81ed to activiti on a b35]5 Cl375¢tt with the us¢ of OUrCe& Charithble donaiions tnade are accounted for in IheyEat OrY[l. Ttade creditots ar¢obligatlDng to pay forg(K)ds or£ervice5thai havebeen acquired in th¢tour$e ofih¢ charity's athivities from supplier5. Trade creditors are recognised initially ai the trnnsa¢iion price. IBLE FIXED ASSETS AND DEPRECIATION No provision foT depnxiaiion of buildings has been [Trle. In the view of the Courtcil of Managemeni, the properties have an expected lifo in excess of 50 ycar5 and TnailltaiD¢d to a high standa, and are likely to have a residual valu¢ tst Iwt to the value shown iR the accounts. An annual impaumeni review is ratriEd ouiby the Ditt¢tors. In rcspLri of the Rcled Investm¢nL lh¢ valllc rcfleeted in these accounts is the valualiDn as at 25 May 2021, with the 3ddiiional Stora82 Faciliiy hdd ai cosi. Oiher Land and Buildings arCshoW at th¢ir hi&iOriC eosLS. DeprCciaii on plani and equipmenl j5 currently provided for al tats bdw¢¢n IO% and 20% refling the esiimaled urUI lifrof th¢ assets acquiTed. TAXATION The aetivities of ihe Charity are exempl from ¢otporntion under part I l of the Corwraiion Tax Act 2010 to th¢extent thai thty are appli lo IhcoT8anisations chariL2ble objectives. Therefore no liability ari5cs lo taxation in vi¢w of the cxempiions available lo th¢TTEI asa Charity. NCERN P Ll The Trustees have considErtyJ th¢ impact of the onÈoing Covid-19 pandemic on the Trus1. Incomr from dortatiDns is strady and noi expccd lo rcduce ond costs (including licensee sUPPOrt foT th¢ Loyd Lindsay Rooms) have fallER re5ulling iTr a 5wplus for the year eAded 30 Sepiember 2021 of £1,470. The Trusi has SUtTicieni reserve5 lo covcr 115 ¢Kp¢nsts and eontinuinB chanthble objeciivcs. Thrrcforc Ihc T[ustC hxvc conrinued to adopt the ]ng ¢ott¢¢rn basis forthese fjnancial sentS. Th¢ T[USte Consider that this will renuin ihe case for the foTe5eEable fure lal Irdsl Ihc nvxl 12 [noth3). 2. CONSTfruTION The Company is constituied by ihe M¢mDrandum artd Aiiielts of Assaciaiion da*d 10 February 1981 and is limitrd by guarnnt¢¢ withwt $haT¢¢apital. Thc liability of its membe[5 is limiied io a sumnol ex¢eedittg £1 eaeh.
COUNTRY BUILDTNGS PROTEcfioN TRUST LTD NOTES TO THE FINANCIAL STATEMENTS Year ¢Dd¢d 30 S tember 2021 2021 2020 3. INCOME FROM GOVERNMENT GRANT5 The ch8rityrecLllved incotn¢ from government yants in theperiod as foUDws.' Retail, Hospitslity Leisure Business Grdllt 10,000 There w¢r¢ nownditiotisarrequirements attsiched io ihe srani. 4. CHARrrABLE PAYMENTS TO LOCAL PROJECTS osts in fllrtherJnce Village Life Pasg & Present (archive rollcclionl Maint¢nanr¢ofGraveyard Bus Shelter W¢st Lockinge Noiice Boatd Sports Club Sireei LighLs Project MenriaI Garden- Lockinge 4.549 170 8.971 1,3 2.5 285 325 8,804 8.832 SDtiaJ amenity gJpp)rt- Loyd Lilldmy knms Is¢¢ lal bdowl 12,976 22.817 31,649 Soc2al Lin CosL%'. Opetatiofjal cos- oVerhej casts RefU[bishent ¢osts Licenserfssupport grant Depreciation 5,681 3,698 9.614 982 8.408 3J86 So¢ial amenity support re Loyd Lindsay Room5 12,976 22,817 5. TANGIBLE FIXED ASSETS Ptagrnmme Related Investmthi Other Land Buildings PMMe Relaied InveSDllttit Oiher Land & Buildings Cosiand valuaiioN amalgamated.. Ai 151 Ociobcr 2020 At 30ih Sept¢TDb¢r2021 Cosi and VaIl0 split". Valulliion 1990 RalUatI as at 25 May 2021 Accumulad addiDQDS AI 30ih Sepmber2021 514745 514 745 341.336 341.336 514.745 514,745 341.336 341.336 295.000 75,596 219745 590 341 295.wo 341.336 341.336 219745 514745 341336 341.336 Equival¢nt aihount untkrthe hisriCal cosi convemion The Loyd Lindsay Room5. WithiD FrMMe Relad Inve5trnent4 were by Adkirt Chanered Survryors on 25 May 2021 ai £550.0. on the ba515 of th¢ir w a5 a cpnfcrcnce and training cenLre. Thc Loyd LIDthy Ro¢ms Arc maitttained 05 a lIage hall Jnd itsining ccnire in furtherdnce of the ehatitys d)jecLq. The remaining asset within Prograntsntt Relaied Investments is the 510rAse faciliryat ihc Loyd Linds&y Rrns. which is held at eost. 278.172 341.336 278 172 341J36 NodcprEciJti¢n Is provided on Land And Buildings IR a¢Wrd? with the Aeeiyjniing Policy StAn)eM on Pag¢ 9. lant tncnl Cosiat l Octob¢r2020 Adjustmeni Adthiions at Cost C051at 30 SEni202] 67,247 48.847 18.400 67.247 45.968 Depreciation ai l Ociober 2020 Adju5Dn¢Dt Depreciaiion In year Deprtciaiion 1130 Swiember 2021 Nei book value ai 30 SepteTnbcr 2021 42,120 37.338 5.226 26.067 41120 TOTAL FIXED ASSETS-at bth)k value 951.578 881,208 10
COUNTrY BUILDNGS PROTEcfioN TRUSTLTD NOTES TO TrIE Ff4ANCIAL STATEMENTS YearendEd 30 mbLY 20?1 2021 2020 6. CREDITORS Trade (dir5 Aecrnals Deferred Rent 5,091 6,452 6.623 7. EMPLOYEES AND TRUSTEES The avttagc numbtt of crnployces in ihc year WAS nil 12020 - nill. No remlltterniK was ld to any during ihe yeJr12020- £rtill. The Cornwy did noi purchase any goods or service5 frLvn any TA15 dunnB the year12020- £llill. WCTV ¢xpcTrscs rcimbu¥stsI 10 Trn$es in dKyear12020- £nill. 8. TRANSAcfioNS WITH AGENIS Adkin, Chartered Surveyor4 pmided managenmi 1¢5 amouniin¥ £5.890 in th¢y¢ar12020- £5.7271, jnclusiveof VAT. 9. FINANCIAL ASSETS AND LIABILtTtES The charity ha5 fiHancTal as5¢ts and finala1 liabilitie5 tsf a knna that quabfy as bsie finattcial insthLments. These are iRiiially recolS¢d ai Iransa¢iiDn 5ub5CqLtently me¥llml at tknr amortised eosi. 2021 2020 FinaM¢ial asscts Cash at bank 8.843 Tradr crtdiittts Accruals 6.452 7.173