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2025-12-31-accounts

2025 Report to Charity Commission

St Peter’s Foundation

Trustees’ Annual Report for the period

From 01.01.2025 to 31.12.2025

Charity registration number: 1169636

Objectives and Activities

St. Peter's Foundation offers and supports intentional communities within parish settings in the Diocese of Exeter which promote Christian vocation. Currently, we provide opportunities in the Seaside Parish of Malborough, Salcombe and South Huish for young adults [Interns], where they can live in a Benedictine style community, act as pastoral assistants and study theology.

When the Community is active, the Interns are resident in the Community house during the year and are fully involved in the work of the Seaside Parish, which covers Galmpton, Hope Cove, Malborough and Salcombe in South Devon. They attend and participate in Services and, with experience, can lead Worship in Services of the Word. They assist the Clergy by serving and can be vergers for weddings and funerals. They work pastorally in the Parish, with Youth for Christ in Malborough and Salcombe CofE Primary Schools and with some housebound and isolated Parishioners. They can get involved in other community activities such as helping at the local Food Bank. They attend St Mellitus, a theological college in Plymouth a day a week during academic terms to participate in their Foundation programme. Ordinands studying elsewhere may come and stay in the Community House for periods during the year, as part of their Ministry Experience.

Regard to the guidance issued by the Charity Commission on public benefit

The Trustees have regard to the guidance issued by the Charity Commission on Public Benefit.

Policy on social investment including program related investment

The Charity does not make any grants.

Contributions made by volunteers

Some house and garden maintenance is undertaken by volunteers and the cost of the fundraising Lunch is donated to the Charity.

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

The work of the Charity, over the last 9 years, has enabled young people to experience Community and Parish Life for a period of a year. The Parish has been enriched by their youthful presence and interest and enquiring minds. Two of the Interns have gone on to further theological training and another is in discernment for further training. The Interns’ work within the Parish has been appreciated by both the Parishioners and the wider community. The visiting Ordinands/Clergy in Training, who have stayed for shorter periods, have brought fresh ideas and added perspective and challenge to our usual understandings.

Achievements against objectives set

The Chaplain of The Foundation left the Seaside Parish in September 2025 to take up an appointment elsewhere and so we were unable to appoint any interns this year. Swallows Nest, the Community House, has been re-let to build up resources for the continuation of the scheme and fund essential maintenance. The Parish is still benefitting from visits by former interns, and by the updates on their lives in ministry. In this way, the Scheme is still achieving its object with regard to involvement in Parish Life and to encourage vocation.

Performance of fundraising activities against objectives

Funds were raised from the public The funds raised and donated do not usually cover the cost of the scheme when the Interns are resident. During 2025 no Interns have been resident and the Community House has been let to increase the funds so Interns can be recruited in the future.

Investment performance against objectives

The Foundation does not make any investments.

Review of the charity’s financial position at the end of the period

The Charity has adequate funds to maintain its property at Swallows Nest, Lower Town, Malborough, and at the start of 2025 had sufficient funds to support the return of Interns. The work of the Foundation is supported by the Church of England Ministry Experience Scheme and Interns receive an allowance for their personal spending. Each January a new application has to be made to the MES in London for the Foundation’s programme to be approved and, if successful, the Interns each receive their allowance and are included in any national conferences and training that the MES or Diocese organise.

The house was let to tenants for most of the year. The funds at the yearend are sufficient to be able to appoint Interns.

Statement explaining the policy for holding reserves stating why they are held

The reserves of the Charity are its Bank Balance. The Charity will hold sufficient reserve to match its commitment to maintain the house and support Interns and Visitors.

Amount of reserves held

The Balance at the Bank at the yearend was £27,071.02

Explanation of any uncertainties about the charity continuing as a going concern

Providing sufficient reserves are held before intern appointments are made, then there are no concerns about the Charity as a going concern.

A description of the principal risks facing the charity

The Interns do not personally contribute to the funding of the scheme and so the accommodation and board costs are borne by the Charity. The risks the Foundation faces are a possible withdrawal of financial support from the Church of England Ministry Experience Scheme, maintenance costs of the

property, replacement of furniture and equipment in the Community House and rising Utility and cost of living bills.

Chair’s Report

St Peter’s Foundation has had a very eventful year. Since the Chaplain left the Parish in September 2025, the Trustees have been focused on determining the best way forward for the Foundation and have had many discussions on the importance of the role of a Chaplain.

Unfortunately, while the Parish remains in vacancy, we are unable to continue the work of St Peter’s Foundation. The Foundation’s activities will remain on hold until we have a new Chaplain appointed. The Trustees are meeting regularly and discussing all the necessary preparations needed to be able to hopefully re start the foundation in September 2027. The Trustees remain committed to supporting the Foundation’s future and look forward to working with the new Chaplain once they are in post.

The SPF website has generated several enquiries over the past year regarding the MES internship programme. Unfortunately, due to our current circumstances, we have had to advise interested applicants that the programme is not presently available. We are keen to revive the promotion and marketing of SPF as soon as a SPF has a Chaplain

A meeting was held in December 2025 with The Bishop of Plymouth and the Archdeacon of Totnes about the future of St Peter’s Foundation (SPF) and its views on the importance of the Chaplain’s role within the Foundation. We also discussed the position as our Episcopal Visitor which we are still clarifying.

The Bishop of Plymouth asked that we speak with the PCC to gather their thoughts on the matter and to ascertain whether they believe that any new incumbent should also take on the role of Chaplain to SPF. If supported, this could then be reflected in the Parish Profile as part of the recruitment process for a new vicar.

The Foundation was subsequently invited to attend a PCC meeting, where Judy and I gave a brief presentation outlining our passion for reinstating St Peter’s Foundation as soon as a new vicar is appointed. The PCC responded with overwhelming positivity and shared our commitment to continuing the valuable work of the Foundation.

During the discussion, PCC members highlighted how enriching it has been over the years to meet the Interns and follow their missionary journeys. There was a strong sense of appreciation for the impact that St Peter’s Foundation has had on both the interns themselves and the wider parish community.

Swallow’s Nest, our greatest gift, has now been without interns since 2022. However, we are grateful that we have had exemplary tenants and with the revenue from the rent we have been able to keep the Swallows Nest and the SPF bank account maintained. Swallows Nest exterior was fully renovated last year and we are now hopeful to redecorate the interior.

Our hope is that with a new Chaplain, we will have interns in place and living in Swallows Nest by September 2027.

Jane Tyler [Chair]

10[th] June 2026

Trustees

One Trustee has completed three terms of three years and is standing down. She was thanked for her outstanding service and dedication past and future and will become an Associate of The Foundation.

The Chaplain having left the Parish relinquished his Trusteeship of the Foundation.

A new Trustee was proposed and accepted. This appointment requires confirmation by The Bishop of Exeter.

The three remaining Trustees agreed to continue to serve and were all re-appointed.

Churchwarden’s Report

The Chaplain left the Parish in September 2025, and we could not recruit interns during the vacancy. We have been working closely with the Bishop of Plymouth and the Archdeacon of Totnes to work out the possibilities for the Chaplain’s role, given that our new Priest in Charge will be part time.

We maintain the website for the Foundation [ stpetersfoundation.org ] and although we are not actively advertising, we are still getting expressions of interest from young people and keeping their details for the time when we can recruit.

St Peter’s Foundation is the only such Ministry Experience Scheme in the Diocese of Exeter. We are hopeful that the parish can appoint a priest who will have oversight of the scheme. If they cannot take on the role of chaplain, we would hope to find someone else for the role, and we can begin to take Interns again from September 2027.

Judy Bayley

3[rd] June 2026

Treasurer’s Report

The accounts show that the income for 2025 was £13,587.26 and the expenditure was £7,350.58. There were no Interns during the year and Swallows Nest [SN] had been let for 12 months.

Donations

Donations in 2025 were £1,000 and, with a Gift Aid Refund, the total income from donations was £1,250.00.

Income from Solar Panels

The income from the Solar Panels was £1,132.53, which is the level we would normally expect.

Income from Rent

The rental income came in every month, and was reduced for the winter period as no tenants were resident.

Utilities

Responsibility for the Utilities and Council Tax continues to rest with the tenants.

Insurances

Trustees Insurance

This has remained with Markel Insurance at the same level as 2024.

Swallows Nest Property Insurance

We continued the Property Insurance through Sabre Insurance Agency in Kingsbridge, with Commercial Insurance, for £654.32. This was less than 2024 as the house was never unoccupied for more than 90 Days.

Tax Return

We completed a tax return for 2024 and it was submitted 01.08.2025. This was accepted by HMRC and no tax was due.

The Tenancy

The Tenants have proved to be extremely reliable and have cared for the property very well. It has been a good working relationship.

Their deposit of £1,000 has been retained by a recognised Deposit Protection Scheme.

Swallows’ Nest

There were two high-cost items:

The Oven became unsafe and after electrical work replacing the power cable costing £205.56, a new oven was fitted costing £794.

The Boiler stopped working in October and the control panel needed replacing at a cost of £576. A new Vailant Gas Boiler and thermostat was fitted in December at a cost of £3,944.40

Garage Door – needed a new battery and cleaning of its contacts for the sensor and so the electric door could work again. This has continued to cause problems and we decided to simply use the mechanical door opening and not use the electric motor.

Valuaton of Swallow’s Nest

In previous years we have used property websites to estimate the value of Swallow’s Nest based on the purchase price of the property in 2020. After the improvements to the property in 2024, it was decided to seek a professional valuation. This was undertaken in December 2025, the valuer reported:

“The property market has been very flat all year, with evidence of declining values (around 10%) towards the end of the year. We would therefore recommend a guide price of £450,000 -£475,000.

Bank

We earned £377.72 in interest from a combination of Instant access and 32 day Savings accounts.

R. Timothy L Bayley [Treasurer] 4[th] June 2026

Structure, Governance and Management Description of charity’s trusts:

Type of governing document Constitution

Constitution The Charity is a Charitable Incorporated Organisation

Policies and procedures adopted for the selection, induction and training of trustees

New Trustees are appointed for a term of 3 years after a resolution passed at a properly convened meeting of the charity Trustees. The maximum number of three year terms is three, after which the Trustee must stand down for a minimum of one year. In selecting individuals for appointment the charity Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. All Trustees can become a Trustee only after approval of the Bishop of Exeter. There should be a minimum of three and a maximum of seven Trustees. New Trustees, before agreeing to stand, are given a copy of the Constitution and a copy of the latest Trustee’s Annual report and Statement of Accounts.

The charity’s organisational structure and any wider network with which the charity works

The Charity is free standing but is recognised by the Church of England under its Ministry Experience Scheme and has to apply annually for recognition under this scheme. The Charity is recognised by the HM Government Visa and Immigration Service as a sponsor for Religious Worker Visa [Temporary Worker].

Administrative

Charity name St Peter’s Foundation

Registered charity number 1169636

Principal address Holy Trinity Church, Church Street, Salcombe, Devon TQ8 8DH

Names of the charity trustees who manage the charity

1 Jane Tyler Chair

2 Gill Barnard Secretary

3 Judy Bayley Church Warden

4 Elizabeth Anderson Representative of Diocese of Exeter

Other advisor - Treasurer R T L Bayley Tumblehome, 1 Coronation Road, Salcombe, Devon TQ8 8EA

Declarations

The Trustees declare that they have approved the Trustees’ report above. [2 signatures required] Date: 12.07.2026

Signatures: Jane Tyler Judith M Bayley
Full Names: Jane Deborah Tyler Judith Mary Bayley
Position: Chair Trustee

St Peter's Foundation

1169636

Recei ts and a ments accounts p p y

CC16a

For the period Period start date Period end date To from 01.01.2025 31.12.2025

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
1,000
250
-
1,132
10,800
378
27
13,587
-
-
-
13,587		 Unrestricted
funds
to the nearest £
1,000
250
-
1,132
10,800
378
27
13,587
-
-
-
13,587		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
1,000
250
-
1,132
-
10,800
378
27
13,587
-
-
-
13,587		 Total funds
to the nearest £
1,000
250
-
1,132
-
10,800
378
27
13,587
-
-
-
13,587		 Last year
to the nearest £
Donations 1,000 11,000
Gift Aid Repayments 250 250
Fund Raising - -
Solar Panel FIT 1,132 1,612
MES Grant 1,000
Rent 10,800 11,550
Bank Interest 378 421
Refund E.On Surplus on Gas Account 27 -
Sub total(Gross income for
AR)		 13,587 25,833
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
25,833
Water and Sewerage - - - -
Electricity - - - -
Insurances 889 - - 889 1,292
TV Licence 175 - - 175 169
Domain and Website 285 - - 285 292
New Tumble Dryer - - - 468
Travel Expenses for Interview - - - 59
Boiler Service and Gas Certificate 147 - - 147 138
Repairs[sidegate] 270
Exterior Painting 3,000
Scaffolding 2,580
Replacement Gutteringetc 4,707
Replacement Windows and Doors 13,935
Boiler Repair 576 576
Plumbing 90 90
Boiler Replacement 3,944 3,944
Electrical work[Oven] 206 206
Oven Replacement 794 794
Garage Door Repairs 92 92
Spare Door Keys 112 112
SundryExpenses 40 40
- - - -
**Sub total ** 7,350 - - 7,350 26,910
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
CCXX R1 accounts (SS)
26,910
- 1,077
-
-
- 1,077
7/12/2026

CCXX R1 accounts (SS)

7/12/2026

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Lloyds Bank Balances
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £
27,071
-
-
27,071
Agreement Error
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
- -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
Property - swallows Nest, Lower Town,
~~Malborough TQ7 3SE~~		 475000 - -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due
(optional)
-
-
-
-
-
Signature
J M Bayley		 Print Name
Judith Mary Bayley
Date of
approval
J M Bayley Judith Mary Bayley 12.07.2026

CCXX R2 accounts (SS)

7/12/2026

2