2023-04-05-accounts - Penhurst Church Trust

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year 6[th] April 2022 5[th] April 2023 To

From

Section A Reference and administration details

Charity name Penhurst Church Trust

Other names charity is known by

Registered charity number (if any) 1134097

Charity's principal address Great Sprays Farm House Penhurst Battle Postcode TN33 9QN

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)

	Roger Keith Burfoot	Secretary
	John Harold Sykes
	Andrew Logan Nicol Edgar	Chair
	Alexander John Diebler Wilson
	Anthony Nicholas Ramsey














	Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

April 2009

TAR

Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, governance and management

Description of the charity’s trusts

TRUST DEED DATED 15 MARCH 1968 AS AMENDED BY DEEDs Type of governing document OF VARIATION DATED 23 DECEMBER 2009, 24 OCTOBER 2011 (eg. trust deed, constitution) AND 27[th] JUNE 2016. Trust How the charity is constituted (eg. trust, association, company) Appointed by existing trustees Trustee selection methods (eg. appointed by, elected by)

Additional governance issues (Optional information)

The Trustees work with the Penhurst PCC of which two of the Trustees
You may choose to include are members.
additional information, where relevant, about: The Trustees have reviewed the major risks to which the charity is
policies and procedures exposed and policies put in place to minimise those risks. adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

April 2009

TAR

THE REPAIR MAINTENANCE AND PRESERVATION OF THE STRUCTURE OF PENHURST CHURCH, NR BATTLE, EAST Summary of the objects of the SUSSEX AND THE MAINTENANCE OF THE CHURCH YARD charity set out in its GROUNDS AND BOUNDARY WALLS AND FENCE THEREOF IN governing document GOOD REPAIR AND CONDITION. The charity meets its objectives entirely through giving grants to Penhurst Parochial Church Council. Applications for grants are considered by all the Trustees and decisions are made (taking into account any conflicts of interest) which are then communicated via the Secretary to the PCC. Grants are usually confined to works of essential repairs to the fabric of Penhurst Church and the maintenance of the churchyard. The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

April 2009

TAR

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

April 2009

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year	Equity investments via CCLA performed the same as the average of the FT100 and FT 250 indices over the last year (little change) Grants to the Penhurst PCC amounted to £67,250. Equity income was reinvested via CCLA accumulation units. Rental income amounted to £17159.

Section E Financial review

April 2009

TAR

Brief statement of the charity’s policy on reserves

It is the policy of the charity to maintain sufficient cash funds to meet its anticipated expenditure on management and administration expenses and charitable grants. Reserves of at least the current total level, maintained in real terms, are necessary to ensure that the work of the Trust could continue even if there were a drop in the variable levels of income.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;

The principle fund raising activity is the management of the property owned by the Trust together with sound and close monitoring of investment in the stock market. The Trustees manage the investment portfolio with a policy of preserving its real value and aiming to increase the value of these investments whilst accepting a lower level of income. This is achieved by mainly investing in the CCLA COIF Charities Investment -Accumulation Fund. A relatively small balance is also retained in the HSBC Business Money Manager account for immediate use.

investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Roger Keith Burfoot Position (eg Secretary, Chair, Secretary etc) Date

April 2009

TAR

Penhurst Church Trust

Accounts for the Year Ended 5th April 2023

Penhurst Church Trust

Trustees Report Year Ended 5th April 2023

Registered Charity Number: 1134097 Charity's Principal Address: Great Sprays Farm House Penhurst Battle TN33 9QN Trustees: RK Burfoot (Secretary) The Rev JH Sykes ANL Edgar (chair) AJD Wilson AN Ramsey Independent Examiner: R Walsh FCCA Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 0EW

Penhurst Church Trust

Trustees Report Year Ended 5th April 2023 Charity number 1134097

Report to the trustees of Penhurst Church Trust for the year ended 5th April 2023

I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 5th April 2023.

Responsibilites and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirement of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5) of the Act.

Independent examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed :

Date:

Name: Rowena Walsh FCCA

Address: Manningtons 39 High Street Battle East Sussex TN33 0EE

Penhurst Church Trust

Summary of Financial Income and Expenditure

For the year ended 5th April 2023

	*Unrestricted*	*Unrestricted*	*Unrestricted*	*Restricted* Fund/s	*Endowed* Fund/s	*Total* All Funds 5.4.23	Total All Funds 5.4.22
	General Fund	Designated Funds
Income and endowments from: Donations Rental income incl wayleave Vat refunds Bank interest	£ 5,000 17,159 10,667 185		£ - - - -	£ - - - -	£ - - - -	£ 5,000 17,159 10,667 185	£ - 6,197 1,462 97
Total incoming resources	33,011		-	-	-	33,011	7,756
Expenditure on: Grants paid Insurance Professional & legal fees Other Independent review	- 67,245 641 4,948 65 540		- - - - -	- - - - -	- - - - -	67,245 641 4,948 65 540	6,075 605 - 1,409 480
Total resources expended	73,439		-	-	-	73,439	8,569
Reconciliation of funds:
Net income or(net expenditure)	(40,428)		- -	-	-	(40,428) - - (40,428) 95,762	(813)
Transfers of funds Sale of investments Purchase of investments Net movement in funds Bank and cash b/fwd Bank and cash at 5th April 2023	(40,428) 95,762						474,175 (474,000) (813) 96,400
				-
	55,334		-	-	-	55,334	95,762

Statement of Assets and Liabilities

Assets: Bank current account HSBC Money Manager account Virgin Acct	*Unrestricted*	*Unrestricted*	*Restricted* Fund/s	*Endowed* Fund/s	*Total* All Funds 5.4.23	*Total* All Funds 5.4.23	Total All Funds 5.4.22
	General Designated Fund Funds
	£	£	£	£		£ 972 30,105 24,257	£ 585 71,002 24,175
PCT-owned bank balance	- -					55,334	95,762
Total bank and deposit accounts	-					55,334	95,762

Investment assets at market value						483,998	476,476
						600,000	300,000
Land at market value

Total assets	-	-	-	-	1,139,332		872,238
Liabilities: Rent received in advance Accountancy accrual	- - -				5,000 558 0		- - -
Total liabilities	-	-	-	-	5,558		-

Total assets less liablities	-	-	-	-	1,133,774		872,238

The Financial Report for the year ended 5th April 2023 Approved by the Trustees on

……………………………………..

and signed on its behalf by:

……………………………….. Roger Keith Burfoot Secretary

Penhurst Church Trust

Accounts for the Year Ended 5th April 2023

Penhurst Church Trust

Trustees Report Year Ended 5th April 2023

Penhurst Church Trust

Trustees Report Year Ended 5th April 2023 Charity number 1134097

Report to the trustees of Penhurst Church Trust for the year ended 5th April 2023

I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 5th April 2023.

Responsibilites and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirement of the Charities Act 2011 ("the Act").

Independent examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed :

Date:

Name: Rowena Walsh FCCA

Address: Manningtons 39 High Street Battle East Sussex TN33 0EE

Penhurst Church Trust

Summary of Financial Income and Expenditure

For the year ended 5th April 2023

	*Unrestricted*	*Unrestricted*	*Unrestricted*	*Restricted* Fund/s	*Endowed* Fund/s	*Total* All Funds 5.4.23	Total All Funds 5.4.22
	General Fund	Designated Funds
Income and endowments from: Donations Rental income incl wayleave Vat refunds Bank interest	£ 5,000 17,159 10,667 185		£ - - - -	£ - - - -	£ - - - -	£ 5,000 17,159 10,667 185	£ - 6,197 1,462 97
Total incoming resources	33,011		-	-	-	33,011	7,756
Expenditure on: Grants paid Insurance Professional & legal fees Other Independent review	- 67,245 641 4,948 65 540		- - - - -	- - - - -	- - - - -	67,245 641 4,948 65 540	6,075 605 - 1,409 480
Total resources expended	73,439		-	-	-	73,439	8,569
Reconciliation of funds:
Net income or(net expenditure)	(40,428)		- -	-	-	(40,428) - - (40,428) 95,762	(813)
Transfers of funds Sale of investments Purchase of investments Net movement in funds Bank and cash b/fwd Bank and cash at 5th April 2023	(40,428) 95,762						474,175 (474,000) (813) 96,400
				-
	55,334		-	-	-	55,334	95,762

Statement of Assets and Liabilities

Assets: Bank current account HSBC Money Manager account Virgin Acct	*Unrestricted*	*Unrestricted*	*Restricted* Fund/s	*Endowed* Fund/s	*Total* All Funds 5.4.23	*Total* All Funds 5.4.23	Total All Funds 5.4.22
	General Designated Fund Funds
	£	£	£	£		£ 972 30,105 24,257	£ 585 71,002 24,175
PCT-owned bank balance	- -					55,334	95,762
Total bank and deposit accounts	-					55,334	95,762

Investment assets at market value						483,998	476,476
						600,000	300,000
Land at market value

Total assets	-	-	-	-	1,139,332		872,238
Liabilities: Rent received in advance Accountancy accrual	- - -				5,000 558 0		- - -
Total liabilities	-	-	-	-	5,558		-

Total assets less liablities	-	-	-	-	1,133,774		872,238

The Financial Report for the year ended 5th April 2023 Approved by the Trustees on

……………………………………..

and signed on its behalf by:

……………………………….. Roger Keith Burfoot Secretary