OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

) |

Chipping Campden School Charity

Charity No. 311699

Trustees' Report and Unaudited Accounts

31 March 2021

| | | | |

| |

Chipping Campden School Charity CONTENTS

;

Pages
Trustees’ Annual Report 2to6
Independent Examiners Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 17
DetailedStatementofFinancialActivities 18to19

|

| |

|

|

|

Page 1

Chipping Campden School Charity

;

TRUSTEES ANNUAL REPORT

The Trustees present their report with the unaudited financial statements of the Chipping Campden School Charity (the 'Charity') for the year ended 31 March 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 311699

Principal Office

Chipping Campden School Cider Mill Lane Chipping Campden Gloucestershire GL55 6HU

Trustees

The following Trustees served during the year:

|

B Chatfield - Chair S . Burnett -appointed 1st October 2020 L. Hay A. Jones

N. Makin

G. Slade

L. Southam

J. Wilkinson -resigned 18th January 2021

K. Wood

Clerk to the Trustees

Mrs A Sansom

Accountants

Daniel Colwell & Co The Old Bull Pens Sezincote Moreton in Marsh Gloucestershire GL56 SAW

Bankers

Lloyds Bank High Street Chipping Campden Gloucestershire GL55 6HH

Investment managers CCLA Senator House 85 Queen Victoria Street London EC4V 4ET

Page 2

Chipping Campden School Charity TRUSTEES ANNUAL REPORT

.

| |

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Chipping Campden School Charity was established under a Trust Deed dated 21st January 1991 and was registered with the Charity Commission on that date (Registered Number 311699). A modification order dated 7th April 1994 amended the number of nominated trustees and a further modification order dated 25th May 2001, which came into force on 10th June 2001, was made to the Trust Deed covering the transfer of Chipping Campden School (the 'School’) from Grant Maintained status to Foundation status. The Trust Deed was then further updated (and fully incorporated the provisions of the previous modification orders into a new fully comprehensive deed) on 15th June 2016.

Details of the Trustees who served throughout the period are included in the Reference and Administration Details on page 2.

Two full meeting of the Trustees were held in the year.

TRUSTEES RESPONSIBILITIES

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources during the year and of its state of affairs at the end of the year. In preparing those financial statements, the Trustees are required to:-

  1. Select suitable accounting policies and then apply them consistently,

  2. Make judgements and estimates reasonable and prudent,

  3. Prepare the financial statements on the going concern basis unless it is

appropriate to presume that the charity will not continue in operation.

The Trustees are responsible for keeping proper accounting records which disclose with accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations.

METHOD OF RECRUITMENT AND APPOINTMENT OR ELECTION OF TRUSTEES

The updated Trust Deed of 15th June 2016 provides for 2 nominated Trustees and 7 co-opted Trustees. One of the Trustees is nominated by the School and the other by the Master and Fellows of Pembroke College, Oxford.

Although the Charity has a diverse group of committed Trustees, the Board of Trustees continues to seek new members and will consider prospective new Trustees who bring relevant experience and who would make a valuable contribution to the strategy and management of the Charity. All new Trustee appointments are discussed and approved at appropriately convened meetings of all Trustees. The Trustees recognise that the management of investments requires appropriate expertise; therefore, the need to have at least two trustees with sufficient financial and investment knowledge is taken into account when considering new appointments. Trustees are carefully planning for future retirements.

POLICIES AND PROCEDURES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

New Trustees are briefed on their obligation under Charity Law and appraised of the organisation and structure of the Charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Page 3

Chipping Campden School Charity TRUSTEES ANNUAL REPORT

.

ORGANISATIONAL STRUCTURE

The Board of Trustees are responsible for the overall governance of the Charity, and they make all decisions regarding the Charity.

OBJECTIVES AND ACTIVITIES

The objects of the charity as set out in its Trust Deed, are to:

Provide for the School such special benefits as may from time to time be agreed between the Trustees and the Governors of the School: and

Promote the education (including social and physical training) of persons under the age of 25 years who are attending or who have for not less than two years attended the School and who are in need of financial assistance and in particular but without prejudice to the generality of the foregoing:

| The Trustees are custodians of endowments that have been left for the benefit of Chipping | Campden School and its students. The Trustees are obliged to protect those endowments in such | a way as to be able to discharge the intentions of the benefactors, in perpetuity. Annual prizes to students is an example of how this occurs. The Trustees also consider a range of propositions from students and teachers that with small amounts of funding can enable and enrich the students overall education.

The Trustees continued to maintain strong links with the Master of Pembrokeshire College, Oxford to further develop the important historical links between the College, the Charity and the Chipping Campden School Academy. This will result in more students at the school being able to visit Pembroke College.

PUBLIC BENEFIT

The Trustees confirm that they have complied with the requirements in the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit in exercising their powers and duties. They have referred to this guidance when reviewing the Charity's objectives and aims and in planning its future activities and are satisfied that the Charity's activities comply with this guidance and are of public benefit.

ACHIEVEMENTS AND PERFORMANCE

The activities of the Trust were limited in the year directly as a result of the impact of the worldwide Covid-19 outbreak on all aspects of society with the result that School operations and consequently those of the Trust were severely curtailed. Specifically, a Communications & Marketing review which commenced in 2019 and the proposed relaunch of the Hilda Terry scheme had to be put on hold during this period.

Page 4

Chipping Campden School Charity

i

Overall, the Charity generated a surplus of £100,739 in the year, principally due to total gains on investments of £232,724 (unrealised gains of £206,930 and realised gain of £25,794) which arose | as global investment markets recovered after significant falls in Q1 2020 following the worldwide | Covid-19 outbreak. | At 31st March 2021, the investments held by the Charity had a market value of £1,503,976. | INVESTMENT POLICY |

TRUSTEES ANNUAL REPORT

During the year no new legacies were received by the Charity (2020: a legacy of £35,000 was received from Andrea and Paul Weller for the Charity to administer a new annual award to students showing excellence in the Arts, specifically photographic or digital media and creative arts).

The Board of Trustees paid a total of £9,000 in the year for alumni database management software and ratified a £150,000 funding commitment to equip the new Performing Arts Centre that is currently being built by the School on land previously gifted to the School by the Trust. Additionally, the Trustees have confirmed to the School that they will provide conditional support for the construction and fitting out of the Performing Arts Centre up to a further £150,000 in the event that ultimately there is a verified shortfall in funds raised externally by the School for this project. No Provision for any such possible additional support is made in these accounts as fund raising efforts are continuing and the Trustees understand that the project target is close to being achieved.

PLANS FOR FUTURE PERIODS

The Trustees plans for future periods are to ensure the Charity continues to fulfil its charitable obligations as the custodians of the endowments that have been left for the benefit of the School and its students.

| FINANCIAL REVIEW | The total income generated by the Charity during the year was £45,058 which arose from the | investment funds held by the Charity. The total expenditure for the year was £177,043 which covered the usual administrative costs, the funding of school prizes, the grant for the School's | alumni database management software and the £150,000 commitment to the Performing Art Centre.

In accordance with the Charity Commission guide CC14, the Trustees have reviewed their mix of investments and risk levels. Trustees have taken advice from an IFA and will continue developing this relationship. The Trustees regularly review the Charity’s investments with due reference to their investment policy. This policy was reviewed and approved by the Trustees on 17th September 2018. Major investment is made in two quoted funds managed specially for charities by CCLA who have confirmed the investments are mid-range in their risk profile.

Page 5

Chipping Campden School Charity TRUSTEES ANNUAL REPORT

P

| |

RESERVES POLICY

The Trustees policy is to review the reserve levels of the Charity on an annual basis. This review will encompass the nature of the income and expenditure streams, the need to match income with commitments and the nature of the Charity's reserves. The Trustees also take into consideration the future plans of the Charity, the uncertainty over some elements of future income streams and other key risks identified during the risk assessment process. The reserves of the Charity are held towards providing the School and its students such special benefits as may from time to time be agreed between the Trustees and the school governors. Such benefits being for the promotion of education, scholarships and bursaries, and the provision of financial assistance to students where needed to further their overall development.

RISK MANAGEMENT

The Trustees have a risk management strategy comprising a regular review of the risk the Charity may face and procedures to mitigate those risks. The Trustees examine the investment performance of the Charity formally every quarter, reviewing the investment performance against expectations and overall balance and mix of investment funds.

State the amount of reserves the Charity holds at the end of the reporting period after making allowances after any restricted funds, and the amount of any designations / commitments which the charity considers to represent a commitment of the reserves they hold...

At 31st March 2021, the total reserves of the Charity were £1,487,579 of which £1,319,958 were represented by unrestricted funds.

Signed on behalf of the Charity's trustees

B. Chatfield | —ituatee | bigger 0

Page 6

Chipping Campden School Charity INDEPENDENT EXAMINERS REPORT

.

Independent Examiner's Report to the trustees of Chipping Campden School Charity

| report on the accounts of Chipping Campden School Charity for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for

|

independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.

have not been met: or

| Daniel ColWélh&Co The ‘Old Bull Pens me Moreton in Marsh

Gloucestershire GL56 SAW =e1Ce

Page 7

.

| | |

Chipping Campden School Charity STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2021

Unrestricted Designated Endowment
funds funds funds Totalfunds Total funds
2021 2021 2021 2021 2020
Notes £ £ £ £ £
Income and endowments
from:
Donations and legacies 3 - - - - 35,282
Investments 4 41,644 - 3,414 45,058 44,452
Total 41,644 - 3,414 45,058 79,734
Expenditure on:
Charitable activities 5 26,320 150,000 - 176,320 36,218
Other 7 723 - - 723 2,503
Total 27,043 150,000 - 177,043 38,721
Net gains/(losses) on
;
investments		 210,731 - 21,993 232,724 (97,966)
Net income/(expenditure) 225,332 (150,000) 25,407 100,739 (56,953)
Transfers between funds 3,414 - (3,414) - -
Net income/(expenditure)
.
before othergains/(losses)		 228,746 (150,000) 21,993 100,739 (56,953)
Other gains and losses:
Net movement in funds 228,746 (150,000) 21,993 100,739 (56,953)
Reconciliation of funds:
Total funds brought forward 1,091,212 150,000 145,628 1,386,840 1,443,793
Totalfundscarriedforward 1,319,958 - 167,621 1,487,579 1,386,840

Page 8

Chipping Campden School Charity BALANCE SHEET

7

at 31 March 2021

.

Charity No. 311699

Charity No. 311699 2021 2020
£ £
Fixed assets
Tangible assets 9 19,459 19,459
Investments 10 1,503,976 1,271,252
1,523,435 1,290,711
Current assets
Cash at bank and in hand 132,964 101,276
132,964 101,276
Creditors: Amount falling due within oneyear 11 (168,820) (5,147)
Net current (liabilities)/assets (35,856) 96,129
Total assets less current liabilities 1,487,579 1,386,840
Net assets excluding pension asset or liability 1,487,579 1,386,840
Total net assets 1,487,579 1,386,840
The funds ofthe charity
Restricted funds 12
Endowment funds 68,365 68,365
68,365 68,365
Unrestricted funds 12
General funds 657,622 613,813
Designated funds - 150,000
657,622 763,813
Reserves 12
Revaluation reserve 761,592 554,662
761,592 554,662
Totalfunds 1,487,579 1,386,840

Approved by the trustees on 06 December 2021

And signed on their behalf by:

|

B. Chatfield Trustee \ f Rpenegaglltocean ED

bd

|

Page 9

Chipping Campden School Charity NOTES TO THE ACCOUNTS

.

for the year ended 31 March 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) - Charities SORP (FRS 102) (effective 1 January 2015) - the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

|

| | :

Fund accounting
Unrestricted funds These are available for use atthe discretion ofthe trustees in furtherance ofthe
general objects ofthe charity.
Designated funds These are unrestricted funds earmarked bythe trustees for particular purposes.
Revaluation funds These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed bythe donor orthrough
terms of an appeal.
Income
Recognition of
income		 Income is included intheStatement ofFinancial Activities (SoFA)whenthe charity
becomes entitled to, and virtually certain to receive, the income and the amount of
theincomecanbemeasured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received byway of grants, donations and gifts is included in the
legacies theSoFAwhen receivable and onlywhen the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA atthe same time as the
donations and gifts _gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit tothe Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value ofanyvolunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes anygain or loss resultingfrom revaluing investments to marketvalue
revaluation offixed at the end ofthe year.
assets
Gains/(losses) on This includes any gain or loss on the sale ofinvestments.
investmentassets

Page 10

Chipping Campden School Charity

NOTES TO THE ACCOUNTS

.

Expenditure Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure | These are support costs not allocated to a particular activity.

Taxation The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Freehold property Not depreciated Leasehold property Not depreciated

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 11

.

Chipping Campden School Charity NOTES TO THE ACCOUNTS

2 Statement of Financial Activities - prior year

Unrestricted Designated Endowment
funds funds funds Total funds
2020 2020 2020 2020
£ £ £ £
Income and endowments from:
Donations and legacies 141 - 35,141 35,282
Investments 40,151 - 4,301 44,452
Total 40,292 - 39,442 79,734
Expenditure on:
Charitable activities 36,218 - - 36,218
Other 2,503 - - 2,503
Total 38,721 - - 38,721
Net gains on investments (81,708) - (16,258) (97,966)
Netincome income (80,137) - 23,184 (56,953)
Transfers between funds (145,699) 150,000 (4,301)
Net income before other
;
gains/(losses)		 (225,836) 150,000 18,883 (56,953)
Other gains and losses:
Netmovement movement infunds (225,836) 150,000 18,883 (56,953)
Reconciliation offunds:
Totalfundsbroughtforward
Total funds carried forward		 1,317,048
1,091,212
=IES		 -
150,000
PE		 126,745
145,628
ee		 1,443,793
1,386,840
eee
3 Income from donations and legacies
Total Total
2021 2020
£ £
Donation from PayPal
givin
ial		 - 141
fund
Legacies -Andrea and Paul - 35,141
Weller
- 35,282
4 Income from investments
Unrestricted Endowment Total Total
2021 2020
£ £ £ £
Investment income 41,644 3,414 45,058 44,452
41,644 3,414 45,058 44,452

Page 12

Chipping Campden School Charity NOTES TO THE ACCOUNTS

.

| | :

5 Expenditure on charitable activities

Expenditure on charitable activities
Unrestricted Designated Total Total
2021 2020
£ £ £ £
Expenditure on charitable
activities
Exhibition and speech day
;		 - - - 2,948
prizes
Duke ofEdinburgh = - 850
Hilda Terryawards = - - 700
Grants made 25,000 150,000 175,000 30,520
Governance costs
Independent examination 1,320 - 1,320 1,200
26,320 150,000 176,320 36,218

|

|

Page 13

.

Chipping Campden School Charity NOTES TO THE ACCOUNTS

6 Analysis of grants

6 Analysis of grantsgrants
Grants to
Activity orprogramme Institutions Total Total
2021 2020
£ £ £
Alumni database software 9,000 9,000 -
PerformingArtsCentregrant 126088 ABO PED 7
Storage Area Network
iinepee		 6,000 6,000 =
Grants for Ipads 10,000 10,000 13,320
D & T Laser Cutter & - - 16,800
Language Lab
Student Support = - 400
175,000 175,000 30,520
Activities
undertaken
Activity orprogramme directly Total Total
2021 2020
£ £ £
Alumni database software 9,000 9,000 -
PerformingArtsCentregrant saan oaiahiail :
Storage Area Network
Dezrade		 6,000 6,000 -
Grants for Ipads 10,000 10,000 13,320
D & T Laser Cutter & : : saad
Language Lab
Student Support - - 400
175,000 175,000 30,520
7 Other expenditure
Unrestricted Total Total
2021 2020
£ £ £
General administrative costs 723 723 2,203
Legal and professional costs - 2 300
723 723 2,503

8 Staff costs

No employee received emoluments in excess of £60,000.

The Trustees received no renumeration and no expenses were reimbursed to trustees in the year under review.

Page 14

Chipping Campden School Charity NOTES TO THE ACCOUNTS

R

Land and Cups and
9 Tangiblefixed assets buildings trophies Total
£ £ £
Cost or revaluation
At 1 April 2020 1 19,458 19,459
At 31 March 2021 1 19,458 19,459
Net book values
At 31 March 2021 1 19,458 19,459
At 31 March 2020 1 19,458 19,459
The Freehold property relatesto a parcel ofland upon which ChippingCampden School is situated. The
Trustees currently considerthis land to have a nominal value on the basis it could only be realised in the
event ofChippingCampden School ceasing to exist, operate, or, in the eventthe the land is appropriated for
a valuable development use.
10 Investments
Other
investments
- Listed Total
£ £
Cost or revaluation
At 1 April 2020 1,271,252 1,271,252
Revaluation 232,724 232,724
At31 March 2021 1,503,976 1,503,976
Net book values
At 31 March 2021 1,503,976 1,503,976
At 31 March 2020 1,271,252 1,271,252
11 Creditors:
amounts falling due within one year
2021 2020
£ £
Accruals and deferred income 168,820 5,147
168,820 5,147

|

|

Page 15

Chipping Campden School Charity NOTES TO THE ACCOUNTS

12 Movement in funds

Incoming
.
At 1 April		 resources
.
;
(including
other		 Resources
expended		 Gross
transfers		 At 31
March
2021
2020 _ gains/losses)
£ £ £ £
Restricted funds:
Endowment funds:
Endowment fund 68,365 3,414 - (3,414) 68,365
Total 68,365 3,414 - (3,414) 68,365
Unrestricted funds:
General funds 613,813 67,438 (27,043) 3,414 657,622
Designated funds:
Performing Arts Centre 150,000 - (150,000) - -
Total 150,000 - (150,000) - -
Revaluation Reserves:
Endowment funds:
Endowment fund 77,263 21,993 99,256
Total 77,263 21,993 99,256
Revaluation fund 477,399 184,937 662,336
Total revaluation reserves 554,662 206,930 761,592
Totalfunds 1,386,840 277,782 (177,043) - 1,487,579

Purposes and restrictions in relation to the funds: Revaluation reserves Represent the

Represent the amount by which investments exceed their historical cost.

Endowment funds:

Endowment fund Funds held to provide for prizes and grants to students and Chipping Campden School

Designated funds: Performing Arts Centre Pledge to the new performing arts centre

13 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
£ £ £
Fixed assets 19,459 - 19,459
Investments 1,373,129 130,847 1,503,976
Net current (liabilites)/assets (72,630) 36,774 (35,856)
__1,319,958 167,621 _1,487,579

| |

Page 16

‘ :

Chipping Campden School Charity NOTES TO THE ACCOUNTS

14 Related party disclosures Name of related party Mr B Chatfield Description of relationship | A Member of Chipping Campden School and between the parties a Trustee Chipping Campden School charity Description. off transaction Grants made to the School and it's students and general amounts ; involved of £175,000

Name of related party

Mr A Jones

A Governor and Member of Chipping Description of relationship Campden School and a Trustee Chipping between the parties Campden School charity andDescriptiongeneralofamountsyi transaction Grants made to the School and it's students ; involved of £175,000

|

Page 17

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Chipping Campden School Charity

for the year ended 31 March 2021

Unrestricted Designated Designated Endowment
funds funds funds Totalfunds Total funds
2021 2021 2021 2021 2020
£ £ £ £ £
Income and endowments from:
Donations and legacies
Donation from PayPal giving fund - - - - 141
Legacies -Andrea and Paul Weller - - - - 35,141
Investments
Investment income 41,644 - 3,414 45,058 44,452
4468ANA 45,0584452 4452
Total income and endowments 41,644 - 3,414 45,058 79,734
Expenditure on:
Charitable activities
Exhibition and speech day prizes - - - - 2,948
Duke of Edinburgh - - - - 850
Hilda Terry awards - - - - 700
Grants made 25,000 150,000 - 175,000 30,520
25,000 150,000 - 175,000 35,018
Governance costs
Independent examination 1,320 - - 1,320 1,200
___ a eR 1,200
Total of expenditure on charitable
ae
activities		 26,320 150,000 - 176,320 36,218
General administrative costs,
including depreciation and
amortisation
Clerks Honorarium 500 - - 500 2,000
General insurances 223 - - 223 203
723 - - 723 2,203
Legal and professional costs
Other legal and professional - - - - 300
costs
oe
Total ofexpenditure of other costs 723 - - 723 2,503
Total expenditure 27,043 150,000 - 177,043 38,721
Net gainson investments 210,731 - 21,993 232,724 (97,966)
Netincome/(expenditure) 225,332 ( 150,000 25,407 100,739 ( 56,953 )
Transfersbetweenfunds 3,414 - (3,414) - -

Page 18

Chipping Campden School Charity

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Net|etinaomtie/inco|(expendxpenditture)|befbette|228,746|(150,000)|21,993|100,739|(56,953)| |other|gains/(losses)| |Other|Gains|-|-|-|-|-| |Net movement|in funds|228,746|(150,000)|21,993|100,739|(56,953)|

----- End of picture text -----

Page 19