COUfrklTRY IUllLIOllNGS ?RofEcflloM TQUST LUMllT6D FllNANCllAL STAT@MffNTS FOR TNÉ Y81ft &NO60 30 SEPTEMOEfft 2023 Charity Registration Number.. 283059 Company Registration Number: 1552706 LOCKINGE ESTATE OFFICE, ARDINGTON, WANTAGE, OXFORDSHIRE, OX12 8PP COUN1'R Y BUILDtNGS PROTFCTION TRUST LIMITED CONTENTS Year ended 30 September 2023 TRUSTEES, REPORT INDEPENDENT EXAMtNER'S RLPORT SI'A TFMF,NT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THF. FINANCIAL STATEMENI"S COUNTRY BUILDINGS PRofb.CTION TRUS"r LIMITED I'RUSTCES, REPORT Year ended 30 September 2023 Th¢ Council of Manag¢ment submit their report and accounts for the year ended 30 September 2023. The Council of N4anagement have taken advantage of the exemption from audit conferred by Section 477 Companies Act 2006 and the acLounts for the year 2re unaudited. CONSTIT TION Tht Company is constituted by the Memorandum and Articles of Associatton dated l O Febnwy 1981 and is IiEllited by &Fuarantee without a shar¢ capitsl. The lÈability of the 47 Members is limited to 2 sum not exceeding £1 each. ARITABLL STATUS n]e Company (company number 1552706) 1% registered as a charity with the Charity Commissiow under the Chdrities Act 1993 (regiytration number 283059). PRf,SIDENT Mt'r c, Loyd. COUNCIL OF MANAGEMENI. L.lected Meinbers of Council of Manag¢mentr. rhe elected MembeTS of the Coun¢il of Managem¢lll who served as 'frustees and Dire¢tors of the Company during the year w¢re as follows.. T Bond - ¢hairn)an Mrs R Baring DrEABoon Mrs C Wardingley Lisi Ms A St¢ven5 - appointed 14 Novemkr 2022 The Members of the Council of Management We￿ appointed in a¢¢ordance with the Memorandum and Articles of Association. Secretary.. J A Sayers (not a Member of the Council of Management) RE.GIS Rf.D OFFICE ljockinge Estate Office Ardington, Wantage, Oxtbn. OX12 8PP BANKERS Barelays Bank PLC 17 Market Pldce: Wantage, Oxon. OX12 8AG SOLICIT RS Knights Midland House. West Way Oxford. OX2 OPH COIJNTRY BUILDINGS PROTLC1'10N TRUST LIMITED TRUSTF,F.S' REPORT (continucd) Year ended 30 September 2023 JECTJVES bo THF. PUBLIC BENEFIT To preserve and protect for the benefit of the public generally and especially the inhabitan15 ofdie parishes of Ardington and Lockinge in the County of Oxfordshire, buildings and lands of bealtty or historic interest and as rcgards lands of ecological or other scientific importance, and gonerally to protect and preserve the charaLter, aspect and amenities of the rural envirorment an(L so far as nec¢ssary for the allainment of the foregoing, to promo(e, ￿SISt (by finaJ)cial contribulion or otherwise) or oppose proposaJ5 for the use or dev¢lopment of such buildings or lands. The Trustees, having regard to the Public Benefit guidance publi.8hed by the Charity Commission in accordance with section 17 of th¢ Chttrities Aci 2011, con.qider that the purpos¢ and activilies of the charity satisfy thc requirements of the public benefil lest set out in section 4 of the same Act. OR ANISATION "rhe Company and the property and affairs thereof are under the control and management of the Council of Management in accordance with the Memorandum and Articles of Association. The day-to-day management is ¢arried oui by Adkin, Chartered Surveyors at a fee ag￿d by the parties. SE ECTION AND A POtNTMENI' OF TRUST ES When a need for a new Trustee is identified, the cx￿lIng Trnstecs will revieiv the eligibility criteria for Trustees, agr¢e what skills, experience and knowledge are needed and agrce a process for recruitment. The Trustees will agree the best method for attrdeting candidates and interview the candidates equitably against the agreed criteri& The preferred candidate will be identified and invited to join the Trustees, subject to referen¢es, fornial vetting and approval of the I'rustet board. The per%on nonlinated for appointment as Trustee will be required ro sign a dcclaration of his or her ¢ligibility lo act as a Tnjstec in a form aecepiable to the Trustees. The vetting will encompass disqualification ¢hecks, confiicts of In￿reSts and if appropriatc, Criminal Records Bureau checks. Appropriaic Intomiation will be made available to the potential Trustees at either the interview stage or Ihe nomination stage about Trusrec Duties and Responsibilities, the Charity including its Objectives. its Accounts, the Trust Decds and the existing Tnjstees. A newly appointed 'frustce will be offered and given appropriate induction and training. COUNTR Y BUIL,DtNCJS PROTECTION TIIUSI. LIMII'ED I'RIJ8Tf.F.S' RL, POR T (continued) Year ended 30 September 2023 DIRECTORS, RE,SPONSIBILI'I"IES Tlie directors are responsible forpreparingthe Directors. Report and th¢ fii?¢incial statements in accordance with applicable law and regulations. 'fhe Directors, Repurt IS Lonlained within the I rustecs, Report as required by company law. Company law requires the dire¢tors to pr¢pare the financial statements for eaLh financial year. Under that law the directors have elected to prepare the financial slalements in accordance with United Kingdotn Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable law). Under company law the directors must tiot approve the financial sl<ements unless they are satisfiLd thal they give a true and fair view of the state of affairs of th¢ Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to.. sclccl suitable acLounting poli¢ies and then apply them ￿nSIStentIy. make judgments and accounting estimatcs that are reasonable and prudent; l￿d prepare the financial statemcnts on the going concern ￿?￿.]S unless it is inappropriate to presume that the Company will continue in business. The diwtors are responsible for keeping adequatc ac¢ounting r¢cords that sufficienl to show and explain the Company's transaLtion5 and diselose with rtrasonable art nf whi¢h is porniancntly diSpIdy￿I wlihin the Loyd Ljndsay Rooms and is also the subject of an annudl, two4ay public ¢xhibition. The archivists now operate out of larger premises. the cost of which is borne by the Company. 3. Other-grants were awarded for graveyard maintenance of £180 (2022- £170) and Sports club £4.000 (2022 - £2,500). COUNTRY BUILDINGS PROTECTION TRUST LIMIT'ED TRUSTEES, RLPORT (continued) Year ended 30 September 2023 ISK The TrusteLS have reviewed the major risks to which the charity is exposed and procedures have been estsblished to mitigate those risks. FINAN IAI. posI'fioN The Company in¢urred expenditure of£56.160 (2022 - £41.348) including £34,579 (2022 - £24,349) for thc benefit of local amenilies in furtherdnce of the objectives as staled above. The activities rcsulted in a net surolu.% of £5,851 for the year {2022- deficit £19,343). RESER VES POLICY It is not the Trustees, policy to main(din reserves of income as aIl expenditure of the charity is mel by annuul donations income. DIVIFJENDS The Company's Articles of Association prohibit the payment of a dividend. SI)ECIAL PR VISIONS This report is prepared in ac¢ordance with the special provisions of Part 15 of the Companies Act 2006 relating to small ¢ompallies. FUT RE DF,VELOPM A5 [l￿her donations are rcceived and funds become available, the Council of Management intends io continue with the Company's activities wiihin its charitsble objective5. By order of th¢ Council of Management J.A. Sayers Secretary Dale.. COIJNTRY BUILDINGS PROI"ECI'ION TRIJ8T LIMITED INDEI)LNDF.NT EXAMINI.;R'8 REPORT Year ended 30 September 202J ludependent exgminer's report to the trustees of &SCounlry Buildillgs Proteelion Trust Limited" ('the CompaDy') I report to the trustees on my examination of the accounts of the Company for the year cnded 30 September 2023. Responsibilities glld basis of report As the ¢harity trustees of the Company (and also its direLtors for the purposes of cornpany law} you are responsible for the prepuration af the accounts in a¢cordance with the requirements of the Companies Act 2006 ('the 2006 Act,). You are satisfIed that an audit is not required forthi.% year under Ch￿￿llY or company law and th4t ￿ independent examination is nceded. Having satisfied my.qclf that the a¢¢ounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for indepL'ndellt examination, I report in respetyt uf my examination of your charily's accoiints as Larried out und¢r section 145 ot the Charities Acl 2011 ('thc 2011 Act,). In carrying out my examination I have followed the Directions given by "I'he Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does not involvc gathering all the evidence ihat would be required in am audit and consequently does not cover all the matters than an auditor considers in givingJ their opinion on the accounts. I'he planning and Londuct of an audit goes beyond the limited assurance that an independent examination Cdn provide. Consequently, l express no opiniun as to whether the acLounts present a 'true and fair, view and my report is limited to those specific matters sel out in the indepcndent exaininer's statement. Independent exominer's statement l atn qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no materiaI mattets have come to my attention in connection with the examination giving Jne Cause to believe that in any material respect.. accounting records were not kept in respect of the Company as reouTred hy RI.'SENTEFJ BY.. Aceumul&ed fund 943.962 TO'fAL UNRESTRICIF.D I.'UNDS 943.962 For the ycer end￿ 30 Septhbw 2023 th¢ Comp#rty waq ¢nittl¢d toexcmption fromaudit uttder *ction 477 of the CompaDieg Act 2006 T¢latingto small companies. Th¢ members have not ￿quired theCompaDy to obtan an audil of its accvunts forthcyear th q￿L]Dn accA-xdancc with section 476. The direciots a¢knowldgo theirre5p)nsibiliiies for ci)mplying with Ibe r¢quir¢mL*tsofthc AL# wilh K4peL*to accounting recopjs and tbe PtEPgfetion of attounts. 'rhes¢ acc4)unts have hcen prepa￿￿ in ac£ordao¢¢ thc provisions appliL*blc to C4)mpanivs subj#tto the small compani¢5 Part 15 of thc Componies Acl 2006. The accounts on page5 6 10 10 wLYe appTovEd by the Council of M8nagtsnimt on b),: M¥ 2024. attd wete Si￿ed ￿ th¢￿ beh￿f fvir T Bond (T￿Slee) ti5 R ilaring I'lThsle¢l ompany number 155271J6 C()UNTRY BUIL.DIN(iS PROTECTION 7'RIJ81' (.TD NOTb.% i'o Thii rtNANCDiI. S'I'A'fL.MF.NIS Y¢ar cnd¢d 30 8E temb¢r 2021 I. ACCOUN'fiNG POLICIES SCOPE AND BASIS OF FINANCIAL ST TEMF.1￿g 'rhe fin￿cl41 staietDeJJts' have bccn prepuF￿ irt ac¢oTdance with the rRs102 StsiemeDt ofRecommenikd Practice.. A¢counling and Report￿¥ ror ch￿ille$ ISURP 20191 and tbL Ch4fiiIe£ Act 2011. Thege financial stat¢nKnts hav¢ been preparcd under th¢ hisioricai wst c4)Trvcntion except as ¥el our for Fixed assets in Note 4 to the Fin*nGial.Sw¢ment8.'The financial slaicmcn15 aTe pr¢scnt¢d in Sierting and as¢ rowidgd io the ne8resi £. ruND ACC Unn¥tri¢icd funds ￿e ￿all&ble foT usc at the diwretion ofthe Counoil of MaDa¥¢D￿t jD fuTElwLr ofth¢ genEr&l dwiiabl¢ ￿c(￿1V¢s. Desibmat¢d Funds aT¢ un￿triCted funds which wou]d be tran%fcrred from th¢ getter￿ fi]od for particulat purposes or PTQJCCts at thc disLretion of th¢ C(xU￿11 of Manageffleni. Restyirled Funds would ￿ fvnds donal&l eitherfoT awticularpurFK)se or are4 the us¢ of whsch would be restriaed lo that pur￿ or aTe fNCOTrftN All inc(me. itj¢ludin8 vojutttary donatio￿ and inv¢shncni incom¢, ￿ reco8Di5ed and accounted foT wh¢n the Charity has erttitlcttsot 10 the funds., the gmouni can b¢ quaniifjtxl and rcLeipt IS PTob*ble. RI.., OURLES f￿>E DE l c￿n￿lI￿rC 1$ recogtused when IhcTe is a le8al or c4)nstrJ¢tive obligation kn pay. Wiete costs cannot b¢ diTe¢dy attribtstn Olljer Land and Buildings e shown dt their histi)ri¢ costs. D¢pteciaiion on plani and equipnjent is ¢llTrently ptoii4LQ for ai rat0% b¢tWL*n IO•A and reflething the eBtimat¢d useful life of tho *￿Sets acouired -rr Thr actlvllies of the Chariiy ate ¢xempt from Lorporaiion tax undcT pan I l of Ihe Co]poralion T*x Act 2010 to the extent that thcy ar¢ applied to the 0[g￿lIS￿lI0n,s chariidble obJecllvc5. 'fher¢fvre no lidbibiy aris¢s lo iaxation in vt¢w of the exemptions available to the TtU5t (".harity. GOTN'G CONCERN POLtcY Income IrottTr donHlJons js Sltrady and not oxr¢thcd to redwe and costs lincludTng suppun for the Loyd Lind%ty ROOll￿) aTe ew¥ct¢d to T¢M￿n ai sirnilar levelg. The Trnsi sufficieni reservcs lo ¢ovcr itE expET￿C& and continuing Charilablr ubjeLuves. Th¢rcfor¢ the Trustets h8vL continued to adopl th¥ going Concern basis (or these rEnall¢s￿ statements. Th¢ fnL#eeg consider that this will rem*n the c&se for th¢ ruT¢setr&bl¢ future lat Icast the 12 t[￿nIb$}. 2. CONSTTfui'ioN The Cotwjjy ￿ consliiuted by th¢ Menx)randum Artiilvs of A$30¢iation dated 10 febEuary 1981 And iq limtled by guarani¢¢ ¥vilhout a 8harc capitd. li#bility of iLg mcmb¢TS is liffjited tu asum not cx¢e¢din8 £1 eBch. C(IUNTRY IIUILIIINCJS PROTECTION'fRlJS'f L?'D NOI Es'fo TFIE FINANCIAL STA'I'F.MENTS Yc3fLnded 30 S¢ temtKT 2023 2023 2022 3. CHARJTABLb. PAYMI.'NTS TO LOCAL I>ROJFLTS CiranLs'.' in fvrther e ofthe Chari ivcs.. VillD8¢ Lil¢ & Prcst￿t larchive c(JllEctioD} MainienthLY of GTav¢yard Sports Club Jubiltt tiarden 6,660 180 4.000 5,089 170 2,500 600 10,841J Social anEntty suptN)rt- IA)yd Lindsay Rwms Is¢e la) bdowl 8,359 23.?39 15,990 Soci 24J49 R¢fut6ishmwi costs LLR suppDrt grant I)CPTe¢iaiiun 3.527 18.819 1.393 1,858 10,588 amcnity supwrt re toyd LInd$￿Y R(x)ms 4. TANGIJII.F FIXED ASSEI 23.739 & R ildin C.(Isl alla V￿￿atiOn 0￿￿￿ga￿atcd AI 30th SLPtembcr 2022 2023 e,nsl 8nd ￿u&ll00 splii.. V￿￿110￿ 1990 Rcvaluaiiw as at 25 blay 2021 ACcUm￿ale4 additions Atjoth 8¢ptcmbu 2022 2023 Prograw RelBted LkbLY L￿d & Buiidlligs Pft)yamme Rela￿j ljwestmeul Oiher l.and & Buildimgs 590.341 341336 590.341 341336 295,000 75.596 219.745 295.000 75.)96 219745 590.341 341.336 341 J36 341.336 341336 EqUiv￿ent *Dount und¢r the hist(￿￿¢&1 cost conventio 278 172 341 J36 27&172 341336 The Loyd L￿o$aY Rwms. within Pro8ramm¢ R¢Jatal Investsncnts. Ivere wdlued by Adkin C.liartttul Surv¥yots on 25 May 2021 31 £550.000. on the b&¥is ofiheir use as a confcrenLE and trainiDg c¢ntre 'fbe I.uyd Lindsay Rootn5 are ￿aIntaiDed as a village ha]1 and trwning eLlltr¢ in ￿rtherdfIlT of the chantys objeets.. Thc remainin¥ assd within Progrgnknll¢ Rtl&ol (Dvesknellts ￿ th¢ Sloragc fA¢ility £1 Ihe Loyd l.thtsay Room4 which is held at COSL No d¢pteciaiTOli is provid¥d ost Land It￿ Buildings in ac￿KdaD¢¢ with thc Acc(N￿ling PotiLy Ststemeoton P38¢ 8. Cost ai i Othob¢r 2022 Cost al 30.Septemk2023 DeprLKiatluo at l Oct(thF2022 [k.pTe¢iati￿ y¢&[ Depr¢¢ialioTr al 30 Sepiembei 2023 Net tMN)k v￿u¢ ar30 sePt￿tr2{￿3 45.968 45.9fjB 45.968 31.252 26.067 5.185 31.252 34.2¥5 TUIAL klXL.fJ ASSF.TS. ai Dei book valu¢ 943.360 10 LOLN'fR Y BuiI.r)INCIS PROTECTJ()N'I'RUST LTD NOTr.5 1'0'1'llk FINANLIAI. 5'fAII."MbNT.S Year¢nded 30 S ten]1￿r2023 2023 2022 5. CREDITORS TTade credilars A¢￿1￿5 Dctffred Ren( 12,401 997 7,744 3.353 13.406 6. EMPLOYE2E8 AND TRUSTEES Ihe Rverw nunjber of ¢mployL'CS in the ye&T WES P022 . wll No ronuneraiion was paid th aDy Trust¢c Ihe year 12022 . £nill. The CottsP8ny did lloi purch4se ally 8￿d5 or frotD #ny Trusth durikng the ￿12022. £nill. 'lThet¥ werr llo ¥peDses reimburscd to thE Twstees ill the y￿rI2022. £Rdl. 7. IRANSACI'IONS WITH AGENI'S Adkin. Chatte￿d Suwor& PTovidcit manag¢ment RmounD4 10 £6,388 in th¢ yearl2022. £6,086). of VAT. 8. 1.INANCIAL AS8FTS AND I.tAf411.rrip.s The thariiv f￿ancial ass¢ts ana fJn¥ncid babililie% of a k￿d that qualify ￿ basic f]tsawi* in$tsumcDts. Thts'¢ at¢ iDitiaJly r¢¢o8Wbed gt Ir9JS￿J0n and subs¢qwiily]n¢astuEd at amortised c05t. 2023 Financi e.a5h ai bank 2022 FiL il ljabjlities 'ItadL uedjii>rs Accn 12,401 997 7,744 3.J53