DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY TRUSTEES REPORT YEAR ENDED 31ST DECEMBER 2024. nd l. This Charity was created by an indenture of Feoffment dated 2 July 1827 confirmed by indenture dated 1st May 1900. The charity was registered with the Charity Commission on the 4th September 2009 with registered number 1131505. 2. After the repair and maintenance of the Charity's freehold properties the object of the Charity is the 'repairin8 of the Parish Church of Dursley, 3. The current trustees are:. Ms. Christine Morgan {Chairperson) of 9 Five Acres, Dursley, Glos. GLII 4JP Mr. Philip Frank Pope of 81 Shakespeare Road, Dursley, Glos. GLII 4QQ Mr Roland Halford of l Hardings Close, Dursley, Glos GLII 4LN Mr Chris Tyler of 19 Bull Pitch, Dursley, Glos, GL114NG New Trustees appointed by the then current Trustees and the appointment completed by a Deed of Appointment. 4. The Trustees meet at least twice a year to deal with the Charity's affalrs and decide how best to administer the Charity's assets and allocate any surplus funds. 5. The current Clerk to the Trustees is Mrs. Charlotte V J Marwood of Fort Meadows, 11 Fort Lane, Dursley, Glos.GLII 4LG to whom decisions on the day- to-day management of the Charity's affairs are delegated. 6. The Annual Accounts which accompany this Report are prepared on a Recelpts and Payments basis. 7. The current assets of the Charlty are:. Value of Income Unlts COIF Investment Fund on 31/12/24 was £28,227.5612023 £27,604.40) Freehold propertie5 owned:. 21 Silver Street, Dursley consisting of Flats l and 2 let on assured short hold tenancies. b. 23 - 25 Silver Street, Dursley combined retail shops let as one to a cycle retail business. c. 27 Silver Street, Dursley- masionette with yard and outbuildings let on assured short hold tenancy. Chair of Trustees Date DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Registered Charity No. 1131505 Accounts For Year Ended 31 December 2024 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Statement of Account Year end 31 December 2024 Receipts and Payments basis RECEIPTS Rents Received 34332.00 Dividends 768.38 Interest 496.55 35596.93 PAYMENTS Residential Property Expenses Major repairs Management and fees PCC Dursley Fabric Committee Insurance Brought forward water charges Water charges not yet recovered 2309.81 4034.00 5697.58 25000.00 913.90 -321.92 453.09 -38086.46 Excess Expendlture over Income -2489.53 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 INCOME RENTS RECEIVED Flat 1, 21 Silver Street Flat 2, 21 Silver Street 27 Silver Street Delta Bikes - Mr Dickerson/Mr Ridout 8962.00 9000.00 8800.00 7570.00 34332.00 DIVIDENDS Charity Commission March May August November 190.98 190.98 190.98 195.44 768.38 INTEREST 496.55 496.55 35596.93 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 RESIDENTIAL PROPERTY EXPENSES Flat 1 21 Silver Street Safety Checks Cost of new tenant ST Water & SDC no tenant Thermostat, roof leak 50.00 742.76 184.19 620.86 1597.81 Flat2 21 Sllver Street Safety Checks New tenant Fire alarm service Repointing 90.00 325.00 415.00 27 Sllver Street Safety Checks Gutters Rent review fee Pat tests and consumer unit 160.00 42.00 95.00 297.00 Delta Bikes EICR Electrical works Rodent control 0.00 2309.81 MAJOR BUILDING REPAIRS Flat 2 New Boiler Damp Wall 2994.00 1040.00 4034.00 6343.81 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 INSURANCE Paid Brightside Buildings Insurance - 25/27 Silver Str Brightside Buildings Insurance - 21/23 Silver Str 658.23 854.55 1512.78 Less contributions 25/27 Silver Street Delta Bikes 598.88 598.88 913.90 Net MANAGEMENT FEES Clerk's Honorarium 1700.00 Bennet Jones Partnership - Management fees for:. Flat I Flat 2 No27 1327.58 1350.00 1320.00 5697.58 PCC Fabric Commlttee 25000.00 WATER CHARGES 2022 bfwd water charges not recovered year end 2023 321.92 16 Oct 23- 12 Jan 24 25 Silver St 12 Jan 24- 29 Apr 24 - Water charges 25 Silver St 29 Apr- 12 Jul 24- Water Charges 25 Silver St 12 Jul -2 Nov 24- Water Charges 25 Silver St 109.65 131.84 93.35 143.96 800.72 Less contributions Water charge recovered - 27 Silver Street Water charge recovered - 23/25 Silver St- Delta Bikes 164.16 183.47 347.63 453.09 Water Charges not yet recovered 453.09 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 BANK RECONCILIATION Year ended 31st December 2024 Balances:_ Closing balance Lloyds Bank plc Current Account 32 Day Notice Accou Reserves Account 16805.49 30496.55 47302.04 Opening balance Lloyds Bank plc 49791.57 -2489.53 Notes Accounts prepared on Receipts and Payments basis. Independent Examiners Staternent I have examined the accounts detailed above together with the relevant books and receipts and have obtained all necessary information and explanations. I certify that the accounts present a true and fair view of the financial position for the Specified accountin8 period. Signed Dated Is [s12S DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Registered Charity No. 1131505 Accounts For Year Ended 31 December 2024 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Statement of Account Year end 31 December 2024 Receipts and Payments basis RECEIPTS Rents Received 34332.00 Dividends 768.38 Interest 496.55 35596.93 PAYMENTS Residential Property Expenses Major repairs Management and fees PCC Dursley Fabric Committee Insurance Brought forward water charges Water charges not yet recovered 2309.81 4034.00 5697.58 25000.00 913.90 -321.92 453.09 -38086.46 Excess Expendlture over Income -2489.53 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 INCOME RENTS RECEIVED Flat 1, 21 Silver Street Flat 2, 21 Silver Street 27 Silver Street Delta Bikes - Mr Dickerson/Mr Ridout 8962.00 9000.00 8800.00 7570.00 34332.00 DIVIDENDS Charity Commission March May August November 190.98 190.98 190.98 195.44 768.38 INTEREST 496.55 496.55 35596.93 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 RESIDENTIAL PROPERTY EXPENSES Flat 1 21 Silver Street Safety Checks Cost of new tenant ST Water & SDC no tenant Thermostat, roof leak 50.00 742.76 184.19 620.86 1597.81 Flat2 21 Sllver Street Safety Checks New tenant Fire alarm service Repointing 90.00 325.00 415.00 27 Sllver Street Safety Checks Gutters Rent review fee Pat tests and consumer unit 160.00 42.00 95.00 297.00 Delta Bikes EICR Electrical works Rodent control 0.00 2309.81 MAJOR BUILDING REPAIRS Flat 2 New Boiler Damp Wall 2994.00 1040.00 4034.00 6343.81 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 INSURANCE Paid Brightside Buildings Insurance - 25/27 Silver Str Brightside Buildings Insurance - 21/23 Silver Str 658.23 854.55 1512.78 Less contributions 25/27 Silver Street Delta Bikes 598.88 598.88 913.90 Net MANAGEMENT FEES Clerk's Honorarium 1700.00 Bennet Jones Partnership - Management fees for:. Flat I Flat 2 No27 1327.58 1350.00 1320.00 5697.58 PCC Fabric Commlttee 25000.00 WATER CHARGES 2022 bfwd water charges not recovered year end 2023 321.92 16 Oct 23- 12 Jan 24 25 Silver St 12 Jan 24- 29 Apr 24 - Water charges 25 Silver St 29 Apr- 12 Jul 24- Water Charges 25 Silver St 12 Jul -2 Nov 24- Water Charges 25 Silver St 109.65 131.84 93.35 143.96 800.72 Less contributions Water charge recovered - 27 Silver Street Water charge recovered - 23/25 Silver St- Delta Bikes 164.16 183.47 347.63 453.09 Water Charges not yet recovered 453.09 DURSLEY CHURCH HOUSE & TORCH ACRE CHARITY Year end 31 December 2024 BANK RECONCILIATION Year ended 31st December 2024 Balances:_ Closing balance Lloyds Bank plc Current Account 32 Day Notice Accou Reserves Account 16805.49 30496.55 47302.04 Opening balance Lloyds Bank plc 49791.57 -2489.53 Notes Accounts prepared on Receipts and Payments basis. Independent Examiners Staternent I have examined the accounts detailed above together with the relevant books and receipts and have obtained all necessary information and explanations. I certify that the accounts present a true and fair view of the financial position for the Specified accountin8 period. Signed Dated Is [s12S