Scutt Durrant Bequest CIO TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS For the Year Ended 31 December 2025 Charity No 1156437 Page 1 Scutt Durrant Bequest CIO Contents REPORT OF THE TRUSTEES..............................,.................................................................. History, Objectives and Activities .. Achievements and PerforTnance... Structure, Govemance and Management............................................................................. Reference and administrative details............................ Funds held as custodian trustees on behaff of others........................................................... Statement of trustee's responsibilities................................................................................... Declaratlon INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF scurr DURRANT BEQUEST CIO... Responsibilities and basis of report.......................................................... Independent examiners statement........................................................................................ STATEMENT OFACCOUNTS............. Receipts and Payments.................................................. Statement of assets and liabilities NOTES TO THE FINANCIAL STATEMENTS.......................................................................... Accounting policies......,......................... Guarantees given by the CIO........................................................................................ Debt outstanding.......... Investments.......... Charitable giving . Cash Funds. .10 Propety....................................... .. . ... .. ....................................................................10 Related partios.. .10 Page 2 Scutt Durrant Bequest CIO REPORT OF THE TRUSTEES The trustees present their report thd the examined financial statements for the year ended 31 December 2025 History, Objective3 and Activities The Ernest Scutt Trust was created on 30 August 1980 with the principal objective to provide accommodation for Ministers of the Church. The Trust was registered as a Charity with the Charity Commission under reference 281175. In accordance with the resolutions of Church Meetings of Guildford United Refomied Church ("GURC") held on 28 January and 23 February 1988 and with the approval of the Charity Commissioners, GURC transferred to the trustees a residuary legacy from the estate of the late Elsie Durrant to be used for the main purpose of providing a retirement home for a future Minister or a home for an Assistant Minister. The amount of the legacy with accumulated interest, a total of £88,776, was transferred on 1 January 1988. In accordance with a further resolution of a GURC Church Meeting held in June 1990 the Capital Accounts of the Ernest Scutt Trust and the Elsie Durrant Bequest, which stood at £97,747 and £99,106 respectively on 31 December 1989, were merged. The charity changed the trust into a Charitable Incorporated Organisation (CIO) with effect from 27 March 2014. The basic objectives of the charity were not changed but darified within the new constitution and are stated as.. to provige or assist in providing a) Retirement Accommodation for the occupation of a Retired Minister or b) accommodatlon for any employee of the Church where, in the opinion of the charity trustees, such Retired Minister or employee is unable, or likely to be unable, by reason of age, infirmity, disability, poverty or social or economic circumstances, to provide appropriate accommodation out of their own resources,. to advance Christian religion by advancing capital or income for such other general charitsble purposes of the Church as the charity trustees determine. The CIO owns properties in Taunton and Guildford, and hall owns a propety in Alnwick all of which were occupied for the whole year. All tenants are retired ministers. their spouses or employees and spouses of GURC and all receive a discount on the market rent. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aim and objectives and in planning their future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. Achievements and Perfonnance The CIO has provided accommodation for two retired ministers and the Children's and Families Worker of Guildford Unrted Refonned Church throughout the year. In addition, the CIO made donations totalling £11,506 to GURC towards the cost of employing the Children's and Families worker and a Community Worker. Page 3 Scutt Durrant Bequest CIO Financial Review The financial statements have b&en prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and Charity Commission guidance. The CIO had receipts of £16,430 (2024." £15,651). Payments in the year totalled £18,203 (2024.. £17,193) Including £11,506 charitable glvlng and £3,725 major repairslrefurbishment, which included half the cost of installing a chair lift in one of the properties due to the tenant's inability to manage the stairs. Net payments were therefore £1,773 (2024: net payments of £1,542). The total cash funds at 31 December 2025 were £11,690 (2024: £13,463) and investments in the COIF Charities Ethical Investment Fund were valued at £63,139 (2024.. £64,544). The total value of the properties owned was estimated by the trustees as £877,000 (2024.. £890,000). Investm nt Poli The Trustees have considered the most appropriate policy for Investing funds and concluded that at present funds should remain invested in propety or financial investment vehicles with limited reserves held in cash for emergencies. Reserves Polic Surplus funds are invested to accumulate funds to meet the retirement needs in the future of any qualifying ministers or their widows, or other qualifying employees. The market value at 31 December 2025 was £63,139 (2023.. £64,544). Structure, Governance and Management The charity is constituted as a CIO and the governing document is its constitution. The power to appoint a new trustee who shall be a member of the CIO is vested in the members of the GURC under Clause 10.1 of the Constitution dated 27 March 2014. New Trustees are provided with copies of the constitution, recent minutes of meetings held and other pape￿Ork to enable them to contribute fully in the work of the trust. No Trustee has received any remuneration or expenses. Trustees may occasionally pay expenses on b'ehalf of the CIO, for which they are reimbursed. The Trustees have reviewed the major risks, as identified by them, to which the CIO is exposed, and appropriate procedures have been established to mits'gate those risks. The Trustees meet annually, with additional meetings if activity demands, to consider the affairs of the CIO. Reference and admlnlstratlve detalls The charity name is Scutt Durrant Be uest CIO, registered charity number 1156437. Page 4 Scutt Durrant Bequest CIO Principal address: Guildford United Reformed Church 83 Portsmouth Road Guildford GU2 4BS Chanty Trustees: Trustee name oirice (if any) Dates acted if not for whole year Name of person or body entltled to appoint trustee Ifan Guildford United Refonned Church Guildford United Reformed Church Guildford United Reformed Church Guildford United Reformed Church lan J Cornish Martin E Goodman Chairman Alison Toplas Susan Reekie Treasurer There were no corporate trustees, and no trustees held title to propety belonging to the charity. No funds were held as custodian trustees on behalf of others. The charities bankers were: Lloyds Bank Ltd PO Box 1000 Andover BX1 1LT Bath Building Society 15 Queen Square Bath BA12HN Funds held as custodian trustees on behalf of others. The CIO does not have any assets held in this capacity Statement of trustee's responsibilltles The trustees are responsible for preparing the Annual Report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial ststements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to., Page 5 Scutt Durrant Bequest CIO select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Declaration The trustees dedare that they approved the trustees report above at a meeting on 16 March 2026. Signed on behalf of the CIO'S trustees.. Sge artin oodma •1 aimian Susan Reekie, Treasurer Date.. 16 2026 Date. l& zozG Page 6 Scutt Durrant Bequest CIO INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SCUTT DURRANT BEQUEST CIO For the year ended 31 December 2025 Charfty number: 1156437 I report to the trusiees on my examinakn'on of the accounts of the above charity ('the CIO.) for the year ended 31 December 2025 set out in pages 8 - 10 Responslbllltles and basls of report As the charity trustees of the CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Xhe ACV). I report in respect of my examination of the CIO'S accounts carried out under sectlon 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directlons given by the Charity Commission under section 145(5)(b) of Ihe Act. Independent examlnerfs statement I have completed my examination. I confirni that no material matters have come lo my attention In connectlon wlth the examination which gives me CAuse to believe that In, any material respect.. accounting records were not kept In accordance with sectAon 130 of the Act; or the accounts do not accorrl with the accounting records; or the accounts dld not compty with the appllcable requirements concemlng Ihe lonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fairf view which is not matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date., Name.. R M Dunnett Address: 20 Strathavon Close Cranleigh GU6 8PW Page 7 Scutt Durrant Bequest CIO STATEMENT OF ACCOUNTS Receipts and Payments For the year ended 31 December 2025. The CIO does not have any Restricted or Endowment Funds Notes General General Fund Fund 2025 2024 Receipts Rental income Interest Totsi r8celpts 16,191 239 16,430 15,197 454 15,651 Payments Charitable giving Major repairslrefurbishment Property Management Repairs & maintenance Insurance Landlord costs Administrative costs Utilities Total payment8 11,506 3,725 1,020 458 1,002 467 25 11,280 1,123 3,180 949 544 103 14 17,193 18,203 Net recglptsl(payments) Cash funds at start of year (1 January) -1,773 13,463 -1,542 15,005 Cash funds at end of year (31 December) 11,690 13,463 Statement of assets and Ilabllltles At 31 December 2025 Notes General Fund 2025 General Fund 2024 Cash funds Investment Asse COIF Charities Ethical Investment Fund Pro ert Total Assets 63,139 64,544 877 000 951829 890 000 968 007 The notes on pages 9 - 10 form part of these accounts. MGO S Reekie, Treasurer Da Date: IG (Jjtckn IC)2 Page 8 Scutt Durrant Bequest CIO NOTES TO THE FINANCIAL STATEMENTS Forthe Year Ended 31 Decembet 2025 1. Accountlng policies 1.1, Basis of preparation The financial statements have been prepared in accordance with Charities Act 2011 (which permits charities that are not companies to prepare receipts and payments accounts provided that the gross income is not over £250,000) and the Charitable Incorporated Organisations (General) Regulations 2012. 1.2. Fund Accounting The General Fund is an unrestricted fvnd, and as such is available for use or retention at the discretion of the trustees, in accordance with the CIO'S Objectives 1.3. Incoming Resources and Resources Expended All income is induded when received. All expenditure is accounted for when made. 2. Guarantees glven by the CIO The CIO does not have any outstanding guarantees. 3. Debt outstandlng There is no debt outstanding which is secured by an express charge on any assets of the CIO 4. Investments 2025 2024 COIF Charitable Investment Fund Balance at 1 January Purchases Sales Change in value Balance at 31 December 65,544 61,069 -1,405 3,475 5. Charltable giving 2025 2024 Guildford URC - Community Worker Guildford URC - Children's and Families, Worker 5,610 5,896 5,500 Page 9 Scutt Durrant Bequest CIO 6. Cash Funds At At 31.12.25 31.12.24 Bath Building Society Lloyds bank 4,671 7,019 10,430 7. Property 2025 2024 Trustees, valuation at 1 January Purchases in the year Sales in the year Change in value in year Trustees, valuatlon at 31 December 890,000 803,000 -13,000 877 000 87,000 890 000 The CIO owns two properties (in Guildford and Taunton) and a half share of a property in Alnwick. The original cost, induding additions, is £602,723. The trustees, valuation is based on information available to them in January 2026 and allows forthe properb'es having sitting tenants. 8. Related parties Because of the constitution, the CIO has a dose re18llonship wlth Guildford United Reformed Church. All of the trustees are members of that Church. Page 10