NORTHAMPTON MUNICIPAL CHURCH CHARtrY cio
REI>ORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
REGISTERED CHARITY NO. 1182629
Jervis & Partners
Chartered Accountants
1351137 Wellingborough Road
Rushden
Northants
NN10 9TE

NORTHAMPTON MUNICIPAL CHURCH CHARrrY cio
CONTENTS
Le9al and Adminl$tratNg
Trust•es' Report
Tnjstees, Responsibilrties
Auditors Report
statement of Financial Activities
88lance Sheet
Notes forning part of the Financial Statements
9-17

NORTHAMPTON MUN
IPAL CHURCH CHARITY CIO
Pag• 1
LEGAL AND ADMINISTRATIVE
Trust•ès: .
MrBCMay
Mrc N Fowler
Mrcw Brooks
Mr B Sargeanl
Mrs P Flavell
Mrs S Richards
Mr W Shearer
Mr K HdIan(￿De1srner8
Mr D Reynokls
Mr8 A Jones
- Chairman of Charity- Appointed 19 April 2¢y23
- Chairman of Estate and Finance Commritee
- Chaimian of House Committee- Resigned 20 August 2024
- R￿gTred 10 Sept8mber 2024
- Appointed 25 October 2023
- Appointwj 17 January 2024 and Resigned 24 July 2024
Prfnclpal office: .
4 Grange Parf( C(￿lL Roman Way, Northampton, NN4 SE
Tetephone.. 01604 876697
Bankern: .
CAF Bank Ltd
Solicitors and Clerkto the TNstees: .
Wilson Browne Solicitors- 4 Grange Park Court, Roman Way, Northampton, NN4 SEA
Surv8yots: .
Underwoods Chartered Surveyors. shi￿ House. Pyramid Close, Ncythampton, NN3 8PH
Replaced in the year by..
Eddisons, 6 Riley Road, Kettering. NN16 8NN and
lQng WesL 10 Church Street, Market Harborough LE16 7NB
Auditors-
Jervis & Partners, 1351137 Wellingbemugh Road. Rushd8n, Northants NN10 9TE

NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO
Page 2
REPORT OF THE TRUSTEES
The Truslees present their first annual report along with the fmancial statements of the Charity for the year ended
5 April 2024. The financial st8lèmenls have been prepared on the accounting policies set oul in note 1 of the
rinancial statements and comply wbth the Charitls Trust Deed, aPpI￿able law and the requirements of the
statsmenl of Recomrnended Practice. "Accounting arK4 Reporting by Charities" IFRS 1021 issued In 2019, and
the Charit￿$ A¢t 2011.
The Charity has taken advartsge of the concessions afforded to smalter charttps in respect of presenL￿1On and
disctosure in these financial statem8nls.
Constltutlon and Management
The Northampton MunKipal Church Charity CIO Is o)nstituled under a Scheme dated 18 March 2019 and is a
registered charity with the number 1182629.
The Iruslee9 initiated the process of converting the charity Th8 Northampton Municipal Church Charity to a
Charitsble Incorporated Organisation (CIO) on 25 March 2019. Al assets and liabilities of thal Charity W8re
transferr8d lo the CIO on 6 Aprfl 2020.
In addition, the Truste8s agreed lo a merger with a Charity Mth similar 04'eclive$. All assets 8nd liabiltues of The
John and Mildred Law Fund. registered numb9r 1211230, were IransfeTf8d in ￿)Vernber 2020.
The Trust Conglitution allows for a majimum of 8 appointed T￿l￿oS and 6 ncffiinaled Trustees. New TNstees
are advised of the worf( of the Charityand ofthe requirement oftheir roles as Trusl8es and of current Charty Law.
Objectlves and Activities
The main stated oty'ect of the Charlly as set out in the Constitution is the relief of need, hardship or distress of the
residents of the Borough of Northampton. The Trustees have remewed the objectives of the Charity in conjundion
with the Charity Commission's General Guidance of Public Benefit and confimi that activities continue to conform
to that guidance.
Institutions or indiwduals can apply for fvnding of projects or for grants. Individuals must be in need and an
application form containing their financial detaib ha5 to be completed before Consideration by the House
Committee. Applications for inslrf(ulional grants are made by letter and are considered the Estate and Finance
Committee. Meetings and the organisation Dr project musl benefrt persons in need in the Borough of Northampton.
The policyof the Trustees is to allocate income. to orforthe benefrtof the regidents of the Borough of Northampton
as quickly as is possible.
Achievements and Perfomiance
The Trustees have had a difficult year bul hav8 mainlainad a good level of grants and donations to both
individuals and oryanisations in need during these economically challenging times. The income has been
maintained on both our investments and properties and l am pleased to report that all the commercial
properties are occupied and generating rental income. We changed our surveyors al the start of Ihg year and
Eddisons are proving a good choice as agents.
Sl Thomas Hou8e conlinu8S to provide a good home for the residents under the diligonl managemerbt of the
Warden. The House Committee has had a particulady dtllicult year with trustee issues and problems with
unpaid maintanance feas. Hopefully, the latter is now resolved and all the policy and regulatory documentation
has been updated and collated into a compiahensive file.
There have again been significant repairs and maintenance in St Thomas House ineluding a replacement of all
th& windows. doors and facias. The laundry equipment has been replaced and the exterior will be repainted in
th& current year.
Th8 Truslges mad8 the decision to close the Page Fund and the Belly and Charte8 Stilwell Fund as th8
administrativ8 costs have become unsustainable. The Page Fund will be transferred into the Northampton
Municipal Church Charity CIO (subject to final acceptance by the Charity Commissioners) and tha other fund
will donate ils assets to the Northamptonshiie Health Charity.
Overall, the Charity remains in good health and the Trustees are confident that it can continue lo ¢ary out its
objectives for the ongoing future.

NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO
Page 3
REPORT OF THE TRUSTEES
CONTINUED
Flnanclal Revlew
Accumuialed general income as al 5 April 2024 lotals £131.190.
Page 7 states the total revenue arising and expenditure incurred by the Charfty. The General Fund surplu5 before
direct tharilabl8 ex￿nditUre for the year was £163.162.
Reserves Pollcy
The Trustees have established a policy whewby the unrestrlcled funds nol commitigd or invested in taroible fjxed
assets {'Free Reserves,) held by the Charity should be £50,000 in th& General Fund. At this level the Ttustees
feel that they would be abre to continue the current acliwties of the Charity. Al present th8 Free Reserves are part
of the General Fund. which amounts to £131.190 and 8XC8eds the tsrget level. This situation is regularly
Monit￿ed.
FUTlherMo￿, as mentioned abova, ongolng grants lo organisations are reviewed annually and there is no
(￿Mm￿ent to continue them.
Inv•stment Policy
The Trustees have c4)nSIder￿ the most appropriate F)olicy for investing funds and invested these on the advice
of Cave & Sons Limited. and Vartan & Son. The Investment objectives for Cave & Sons Limrf(ed are, without
restrictions, to obtain a balanced return from income and capital. from inveslmenls, which have a medium to high
risk. The investment objectives forvartan & Son are, without restrith"ons. lo obtain a reasonable long temi overall
retum, from investments, 4thich have a Moderate levd of risk.
Page 13 of the accompanwng financial statements shows that as al 5 April 2024, these investments had an
aggregate Ma￿et value of £2,843.466.
Rlsk Revlew
The Tnjstees have Co￿￿Uc1ed their own r8view of th8 major risks to which the Charity is exposed and systerr
have been established lo mibgate those risks. The only risk lo funding Is 8 drop in the income both from shares
and the properties. Intemal risks are minirnised by the implemenlalion of procedures and insurafi￿.
Generally
The Truslees wish to express their thanks to the warden of Sl. Thomas Hous& for her excellent worf( and care of
the residents there throughout the year, and to the Clerk's representatives for their assistances and advw.
Bmay
Chaimian
23 October 2024

NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO
Page 4
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE FINANCIAL STATEMENTS
The Trustees are responsible for preparing the Trustees, Annual Report and the financial stalemènls in accordanr
with applicable law and United Kingdom Accounting Slandard5 {United Kingdom Generally Acceptsd Acc(wnlir
practi￿).
Th? law applicablè to charities in England & Wales requires the Trustees to prepare financial statements for e8c*)
financial year which give a true and fair wew of the state of affairs of the Charity and of the incoming resources and
appltcation of resources of the Charity for that period. In preparing these financial statements. the Trustees are
required lo:.
select suitable accounting policies and then apply them consi51ently',
observe the methods and principles in the Charllles SORP.,
make judgments and estimates that are reasonable and prudent.
state whether applicable accounting standards have been foliowed, subject lo any material departures
disclosed and explained in the financial statements:
prepare the financial statements on the going concern basis, unl8SS It is inappropriate lo presume that
Ihe Charity will continue in operation.
The Trustees are responsible for keeping proper a¢¢ountlng records that disclose with reasonable accuracy at
any time, th& financial position of the Charity and enable them to ensure that the financ￿1 statements comply wth
the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008. and the provisions of the Trust
Deed. They are also Fesponsible for safeguarding the assets of the Charity and hence for laking reasonable
steps for the prevention and detection of fraud and other W￿guIarJties.
Bmay
Chairman
23 October 2024

NORTHAMPTON MUNICIPAL CHURCH CHARITh CIO
Page 5
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES
We have audited the financial Staterner￿ on pages 7 to 17 for the year ended 5 April 2024 which ￿MPriseS the
Slalemenl of Financial Activities. the 8alan￿ Sheet, and the related notes. The financial reportirrfJ framewofk that
has been applied in their preparation is applscabl8 law and United lfjngdom Accounting Stsndards (United Kingdom
Generally Accepted Accounting Practi￿) including FRS 102 Yhe Fina￿la1 ReF)Orting Standard applicable in the
In our opinion, the financial statements:
give a tnje and fair view of the slate of the Chantys affairs as at 5 April 2024 and of ils incoming resources
and application of resources, for the year then ended..
have been properly prepared in accordance with Unrted lfjngdom Generally Accepted Aco)unling
Practice., and
have b88n prepared in a￿rdance with the requirements of the Charities Act 2011.
Basls for oplnlon
We cOndu￿ed our audit in accordance ￿th Intemalional Stsndards on Auditing (u￿ {ISAs (UK)) and applicable
law. Our responsibilities under those slandards are furiher described in the Auditor's responsibilities for the audit
of the financial statements sectson of our report. We are independent of the charity in accordanc6 With th8 ethical
requirements Ihat are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordance with these requirem8nts. We
believe that the audit evid8nce we have obtained is sufficient and approprlate to provide 8 basis foT our opinion.
Concluslon relatlng lo golng concern
We have nothing to report in respect of the following matters in relation to vA)l¢h the ISAS (UK) require us to rèport
to you where..
the t￿￿tees, use of th8 going concem basis of accourntlng in the preparalion of the financial statements k* not
appropriate- or
the trustees hove not disdosed in the finan¢BI statanents any bjenlified material uncertainties that may cast
significant doubt about the charit￿5 ability to ¢ontinue to adopt the going concern basi5 Of accounting for a
pericKi of at least Iwelve monlhs from the date when the )Inancial ststements are aulhorised for Bsue.
other informatlon
The trugtees are responsible for the other infomiats"on. The other infonnation comprises the infomialion included
in the tr(tslees' annual report , other than the financial slalements and our audilor's report thereon. Our opinion
on the financial statements does not cover the other infomiation and. except lo the extent otherwise explicitly
stat8d in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other informathon and. in
doing so, consider whether the other infomiats'on is materially inconsistent with the financial statements or our
knowledg& obtained in the audit or othe￿iSe appears to be maleria15y misslat8d. If w8 identify such material
ineonsistencies or apparent material misstatements. we are Tequired lo determine whether Ihere is a material
misstatement in the financial statemenls or a material misstatement of the other infomialion. If. basad on the work
we have performed. we conclude that there is a mateTial misstatement of this other information, we are required
io report that fact.
We hava nothing to report in this regard.
Matters on which we are requlred to report by èxceptlon
We have nothing to report in respect of the followlng matters in relation to Nthich the Charities (Accounts and
Reports) Regulations 2008 require us lo r8port lo you if, in our opinion:
the infomalion given in the Trustees, Annual Report is inconsistent in any material respect with the
financial statements- or
sufficient accounting records have not been kept,. or
the finar¢cial statements are not in agreement with th8 accounting records and retums: or
we have not received all the infomiation and explanations we require for our audit.

NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO
Pag• 6
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES
Respective responsibilitles of the Tru3te•s
As explained more fully In the Irust8es' reSpor￿1b11itses statement, th9 trustees ar9 responsible for the preparation
of financial statements which give a true and fair view. arKi for such intemal control as the trustees detemiine is
necessary to enable the prep8r8tion of financial sts18menls that are free from material mi$81alemenl, whether
duo to fraud or error.
In preparfng the financial statements, the trustees are responsible for ass8ssing the Charit￿s ability lo continue
as a going concem. disclosing, as applicable, matters related to going concern arbd using the going concem basis
of accounting unless the tnjstees either inlend lo Ilquidate the charity or to cease operations. or have no realistic
alternative but lo do so.
Audltor's responslbllltlos for thè audlt of the financial statements
We have been appolnted as auditor under section 144 of the Charities Act 2011 and report in accordance with
regulations made under section 154 of that Aet.
Our objectives are lo obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misslalement, whether due to fraud or error. and to issue an audilorfs report that inclLFdes our
opinion. Reasonable assuran¢e is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) ￿11 always delecl a material misstatement when it exists. Misslatemenls can arise
from fraud or error and are considered material if, indiwdually or in the aggregat8, they could reasonably be
$xpe¢ted to infiuence the ￿OnOMiC decisions of users taken on the basis of thes8 financial stalements.
A further description of our resrM)nsibilities for the aLtdtt of the financial statements is located on the Financial
Reporting ￿n¢11,$ website at.. www.frc.org.uklaudilorsresponsibilities. This description fomis part of our
auditorfs report.
Uso of our report
This report is made Solely to the ch8ritYs trustees. as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the
charitls trustees those matters we are required to slate to them in an auditor's report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
charty and the charilrfs trustees as a body, for our audit wo￿, for this report, or for the opinions wg have
formed.
>S o L4rJbL4 )o>Lfr
1351137 Wellingborough Road
Rushden
Northants NN10 9TE
Jervis & Partners
CHARTERED ACCOUNTANTS
AND STATUTORY AUDITORS
Jervls & Partners 1$ èligible to act as an audltor In temis of Section 1212 of th• Companlgs Acl 2011.

NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024
Page 7
Unrèstrlcted Fund8
Pernlanent
Total
2023
Fund
2024
INCOME
Investment Income
Rents from Investment properties
104,402
104,402
90.354
Div*Jends receivable
108.232
108,232
104.479
Irwne Tax recoverable
778
778
1,212
Interest receiv
1.678
1,678
765
Insurance recovered from tenants
4.870
4,870
3,020
CHARITABLE ACTIVITIES:.
St Thomas Ht)u$e MaInt￿anCe C¢)ntributions
69,479
69,479
83,257
TOTAL INCOME
219,960 69,479
289,439
283,087
EXPENDITURE
Raising Funds
Charitable Actiwbes
other Expenses
31.258
78.510 221.300
25.540
31.158
299.810
43.132
18,021
216,099
44,833
17,592
TOTAL EXPENDITURE
135,308 221,300
17.592
374.200 278.953
NET GAINS
LOSSES
ON INVESTMENTS
Investments - realised
unrealis
reaised
- revaluation
{31,8921 {31,8921 {18,305)
94.409
94,409 1256,335)
Propety
NEf INCOME
EXPENDITUR
84.652 {151,821)
44,985
122,184) (270,506}
TRANSFERS BETWEEN FUNDS
8 1101.8211 101,821
OTHER RECOGNISED GAINS
LOSSES
Revaluation of fLxed asset property
NETM
ME
<17.1691 150.000)
44,985
122,184) {270.506}
RECONCILIATION OF FUNDS
FUND BALANCES BIFWD:_
148,3S9 150,000
5.142.812 5.441.171 5,711,677
FUND BALANCES - Clfwd
131.19) 100.000
5.187,797 5.418,987 5.441,171
All inc(me and expenditure derives from continuing activities
Tbe ac£ompab)lllg a¢¢outyiirtg polldt5 Dotssforni pllrtof thesefinarLdaiAtst¢tD¢bts.

NORTH
PTON MUNICIPAL CH
H CHARiri cio
Pago 8
BALANCE SHEEf AS AT 5 APRIL 2024
2024
2023
Note
FIXED AS
Tangible Fixed Assets
Investsnent Propgrlles
Investtnents
885,000
1,590,000
2,843,466
885.000
1,590.000
2.797.701
5,318,466
5.272,701
CURRENT ASSETS
Debtors
33,932
25,338
Rent Charge- Nominal Value
Cash at bank and In hand
104,272
172.015
TOTAL CURRENT ASSETS
138.205
197,354
LtABILITIES
Creditors- due wrthin 1 year
37,684
28.884
NET CURRENT ASSETS
100,521
168,470
NET ASSETS
5.418,987
5,441,171
FUNDS OF THE CHARITY
Unrestricted Funds
General Fund
131,1
148,359
Designated FuThJs
100,(KJO
150,000
Permanent Endowment Fund
5.187.797
5,142,812
5.418.987
5,441,171
Approved by the Board ofTrustees and signed on their behalf by.-
B May- Chaiman
23 October 2024
The aceonw9Dyitbg actowLttrLg poli¢ies wjtes Intw*l prtof thN¢tlngDclal ststtmettts.

NORTHAMPTON MUNICIPAL CHURCH CHARrrY cio
Page 9
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
SUklMARY OF SIGNIFICANT AccouKfiNG POLICIES
la) Genèral Informat
The Northampton Municipal Cmjrch CIO Charity is a charity registered in the United Kingdcffi. The addr&5s of
the Clerk to the Trusl*s is given in the Legal and Administrative infom1alic￿ on page 1 of the finanual
ststements. Th8 nature of the charivs operation and prin¢ipal activities are fully detsiled in the report ol the
Tmstees on pages 2 and 3. The charity constitutes a public benefrt entty as defined by FRS102.
(bl Basls of Accounting
The financial statements have been prepared under the historical cost accounting rul8s as modffied by the
inclusion of at mafkel values in accordance with the requirements of the Statement of Recommended Pradic
'Accounting and Reporting by Charities- issued ir) 2Q19 IFRS 102) and wlh applicable accounting standards
and the Charits'es kl 2011. The charity has applieé Update Bulletin 1 as published in February 2016 and does
not inclLkle a cash flow statement on the grounds that it is applwng FRS102 1
(c) Income
Income from investments is included in the income account of the accounting period in which it ts ro¢¢ived.
after deduction for income tax. rf appropriate. Rentsl income from commercial investment pfoperties is
accounted for on an accruals basis. All other income is accounted for on a cash received basis. All income
is recognized when the charity is legally enlrtled to it and Ihe amount carb be measured reliably and it is
probable that il will be recetved.
{dl Expenditure
Grants are recogni￿￿ when paid, afier approval by the Truslees. Al other exk*nditure i8 induded on an
accruals basis and is recognised when there is 8 legal or conslructive obligation to pay for expenditure. All
costs have been direclly allocatgj to on8 of the funds shown irb the SOFA where possible, or ap￿￿Oned as
appropriate.
(el Fixed Assets
Freehold invesknent property Is sh¢)wn al market value. which is deemed to be fair volue In accordance wSth
the Statement of Recommended Practice IFRS 1021. As a result of this. the properties are not depwiated.
The properties a￿ professtonally fevalu8d evèry five years.
Other freehold property is also shown al valuation. The policy is to depreciate the building but as il is
malntained to a high standard for its charilalAe activities none is necessaryas the residual value is not materially
drfferenl lo the carrwng value. This is a departure from recognised accounting prinCip￿S which require
depreciation lo be provhyed on all r￿ed assets. The Trustees consider that this policy is required in order that
the financial statements gwe a twe and fair Mew.
Revaluation gainsl{lossesl are wKluded in the Statement of Financial Actiwties.
{fj Investments
Invesknents are Induded at market value at Ihe year end dale, which 15 deemed to be their fair value.
Igl Fund Accounting
The value and purpose of each fund is explalned in note 8.

NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO
Page 10
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Charitable Activities
2024
Gènèral Funds
202
General Funds
Grants lo institutions £1000 and over.-
Ltfe
Deafblind
MNOA Association
Samaritans
Guide Dogs
Mount Pleasant Baptssl Church
Spencer Contact
MS Therapy Centre
Unf(8d African Association
Mayors Fund for the Hwsebound
Child Contact Cent
Nene Valley C4re Trust
Read Easy
Care and Repair
Calibré Audio Library
Macmillan Cancer Support
Zlngani Mens Group
MS Society
Manna House
Dogs for Good
Northgale Academy
Grants to individuals
Christmas Vouchers
1,500
1,000
2,000
2.000
2.000
3,000
2,000
1,500
5,000
8,000
1.000
1.500
2,000
2.500
2.000
1¢X)O
1,000
2,000
1,000
1,000
1,000
1.000
1,000
1,000
1.000
2.500
1,000
3,000
46,204
1,306
52,714
1.303
77
2024
Desl nated
2023
Desi
st Thomas. House
Water Rates and Councll Tax
Heat and Light
Warden's salary and pension
Clerk's fees
Accountancy feeg
Te*hone
Sundry Expenses
Lift maintenance
Call Care
Cleaning. including wages
Repairs and renewals
Legal and Professional fees
2.646
11,845
28,518
18.000
3.840
2,063
1,967
5,310
1.248
2,928
142.355
600
3,586
7,718
23,797
18,000
3,825
1.794
4.684
2,409
1,248
3,053
65,139
3,329
221

NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO
Page11
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
APRIL 2024
Charhablo Artlvltles {contlnued}
2024
20
Desl nated
Desi
Employee emoluments
Wages, salaries and pensions
NatKsnal insurance contributions
28.518
23,797
28,518
23,797
The average number of employees
No employees received emoluments excgedlng £60,¢)00, and the TnJste8s receive no remuneration or
expenses.
3 Other
Expenses
2024
2023
Gonoral Funds
G•neral Funds
Govemance
Auditfees
Clerk's Fees
Bank Charge5 and Interest
Insurances
Professional Fees
3,840
18,000
3,825
18,000
92
358
4,740
365
3,275
Pemianent
Endowmo
Pemianent
Endowment
Investment fees~ Varlan
Investrnent fees - Cave
12,321
5,271
12.268
5,550
4 Ralsing Funds
2024
General Funds
2023
General Funds
Investment Pro
Collectors Fe
Insurances
Professional Fees
prO￿rtY Costs
enses
6,825
10,773
5.991
7,669
6,625
9,507
1.889
31,258
18,021

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NORTHAAIPTON MUNICIPAL C
RCH CHARrrY cio
Pagg 13
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Flxed Asset Investmènts
Co
2024
Cost
20
Markel
Value
2024
Market
Valua
2023
Income
2024
Income
2023
P•m)anent Endo
ent
Cave & Sons Share Portrolio
820.750
830.036
1,000,825 1,007,042
44,243
46.197
Vartan & Sons
Share Portfolio
1,601,615 1.680,928
1.842,641 1.790.659
63.989
58,282
2,422,365 2,510.954
2,843.466 2,797,701
108.232 104,479
Movement In Market Value
Cave & Sons
Portlolio
Vartan
Portfollo
Total
Market value 6.4.23
1,007,042
1,790.659
2.797.701
Add￿OnS and Irdnsfers in year
292,087
292.087
Disposals in year
(20.6171
(334,461)
{355,078)
Unrealised Ilossesl gains
In year
93,500
94,469
Movement in cash derM)sits
13,431
856
14,287
Mar1(et value 5.4.24
1,000.825
1.842,641
2.843.466

ORTHAMPTON MUNI
AL CHURCH CHARrrf cio
Page 14
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
6 Flxod Asset Invostments l¢onllnued}
Cave and Vartan Share PortFolio Summa
2024
2023
Cave & Sons Limited
UK Invesknents
982,868
1,002,516
Cash D8POSits
17,957
4.526
1,000,825
1.007.042
Vartan & Sons
UK Investrnents
1,838,260
1,787,134
Cash D8posits
4.381
3,525
1,842,641
1,7W,659
Other than cash deposits, all investments are on 8 recognised str)d( exchange.

NORTHAMPTON MUNICIPAL CHURCH CHARITY cio
NOTES TO THE FINANCIAL STATEMENTS
R THE YEAR ENDED 5 APRIL 2024
Page 15
Creditors due withln 1 yoar
2024
2023
ditors and Accruals
Rent deposils
20,000
17,684
15,411
13,473
37,684
28.884

NORTHAMPTON MUNICIPAL CHURCH CHARrrY cio
Page 16
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
8 Fund Anal
PERMANENT
ENDOWMENT
FUND
GENERAL FUND
DESIGNATED FUNDS
St Thofflas
House
C clical
Maintenan(
Fund
Extrydordina
Re
Fund
INCOME (as page 7)
EXPENDIT
as
219,960
{135.308)
69,479
{221,300
17,592
NET INCOME
EXPENDITURE
84,652
I151,￿1>
117,5921
TRANSFERS BETWEEN FUNDS
- Permanent Endowment
- Sl Thomas House
- Commercial property repairs
(151.821)
50.000
151,821
{50,CKIO)
(101,8211
151,821
{s0,C￿>
RB4LISED GAINSI
Investrnenls
Property
LOSSES
{31,8921
UNREALISED GAINSI
Investrnents
Propety
LOSSES :.
94,469
62,577
NET MOV
T IN FUNDS
{17.1691
{50,OTrJ)
FUND BALAN
ES- B'FWD
148,359
50,000
1W,000 5,142,812
FUND BALANCES . CFWD
131,190
100,000 5,187,797
The funds are rnpresented by- -
Tangible fixed assets
Investment properties
Investments
Cu￿ent assets
Current Lia￿.1111es
885,000
1,5￿.0{X•
2,713,242
130,224
38,205
(37.239)
100,000
{445}
131.190
11X>,000 5,187.797

NORTFIAMPTON MUNICIPAL CHURCH CHARITY CIO
E FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRI
Pago 17
2024
NOTESTO T
unds Anal Is {contlnued)
lal General Fund
The General Fund represents the unrestricted ftjnds. which the Trustees ara free to use in accordance wth the
charitable objects.
(b) St Thomas. House Fund
This an unrestricted, designated fund showing the income from and other &xpenditure in resped of St
Thornas. House accoL)nting budget*ig purposes.
(cl The C cl1￿1 Malntonance Fund
This is an unrestricted, designated fund for regular repairs and works to Sl Thomag, House ar)d the St Giles
street properties. The Trustees have decided to cap the fund at £50.000 each year. As a resuft of major repair
work carried out on the properties in the year. the TrtJst8gs agreed lo transfer the Cydical hAaintenance Fund
balance of £50,(XJO to the General Fund. This will be re￿Uped over the two yews at £25,0(M) each year.
(d) The Extraordlna
Re
aTr Fund
This 15 an unrestrKled fund deS￿nated by the Trustees for major refuTblshmenl and rèpars to St Thoma5,
House and the St Giles Street properti8s. The Trustees have deckded that any future Extra Ordlnary Repairs
will not exceed £100.000.
{el The Pem)anenl End
wmant Fund
This conL9ins those assets. which cannot be dtstribuled by the ChaThty. being St Thomas, House, the Sl G￿¢8
Street propetties and land at Kislinglmjry, and investments mainly purchased with the sale proceeds of the land
at Boughlon Green and the inveslments of the merged J & M Law Fund. Investment managers fees are
deductsd from this fvnd.
Related Partles

NORTHAMPTON MUNICIPAL CHURCH CHARITY
Page 18
ACCOUl+lTS SCHEDULES FOR THE YEAR ENDED 5 APRIL 2024
Y8ar to
12024
Yearto
ril 2023
INCOME AND EXPENDrruRE AccouTrir
INCOME
Rents from investment properties
(analysed page 121
Investment income lanalysed page 13)
Income Tax recovered
Interest received
Insurance r8covered from tenants
106,483
108,232
778
1,678
2.789
90,354
104,479
1,212
765
3.020
219,960
199,830
Deduct: .
PROPERTY EXPENSES
Collectors fees
Insurance
Professional Fees
Property Costs
6.825
10,773
5.991
7.869
6.625
9,507
1,889
31,258
18,021
MANAGEMENT EXPENSES
Audit and ￿cOuntancY
Clerk's fees
Bank Charges and Interest
Insurance
Legal ar￿ Professional Fees
3,840
18,000
60
365
3,275
3,825
18.000
92
358
4,740
25,540
27,015
GRANTS AND DONATIONS
Grants to Institutions
Grants to indiwduals
Christmas vouchers
31.000
46,204
1.306
23.500
52,714
1,303
78.510
Tl,517
ST THOMAS. HOUSE
N8t Costllncome) {sch6dule page 19)
151,821
55,325
PERMANENT ENDOWMENT
Investsmenl Fe8s- Vartan
Investrnent Fees- Cave
12,321
5,271
12.268
5.550
17,592
17.818
TOTAL EXPENDITURE
{304.721)
(195.6961
EXCESS OF INCOMEIEXPENDITURE)
FOR THE YEAR
(84,761)
4,134

NORTHAMPTON MUNICIPAL CHUR
H CHARITY
Pag¢ 19
ACCOUNTS SCHEDULES FOR THE YEAR ENDED 5 APRIL 2024
contlnued
St Thomas. House
Year to
rll 2024
Year to
12023
Maintanar￿8 contribLrticr
69.479
83,257
Deduct: .
EXPENSES:.
Water rales and Council Tax
Heal and light
Warden's salary and p8nsion
Clerf('s fees
Accountancy
Telephone
Sundry expenses
Call care
Lrft maintena￿8
Cleani￿, including wages
Repairs
Legal and professional fees
2,646
11,845
28.518
18.000
3.840
3,586
7,718
23,797
18,000
3,825
1,794
4.684
1,248
2,409
3.053
65.139
3,329
1.967
1,248
5,310
2.928
142,335
600
221,300
138,582
NET (COSTYINCOME before approwiations (Page 181