NORTHAM TON MUNIC CH CHARITY CIO REPORT AND FINANCIAL sTATEmErs FOR THE YEAR ENDED 5 APRIL 2025 REGISTERED cHARy NO. 11 29 J&Nis & Partners Chartered Accoijnlanis 1J51137 WellingbOTsh Road Rtjshden Northants NN10 9TE
NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO ONTENTS Pa Legol and Adminislralwè Trv$l088' Report TnJsleeg' Responsibl118$ Iditofs Report stsTremenl ol Financial Acllvlli88 Balart Sheet Notes forming part ol Ihe F-inancial Slalemenls 9-17
NORTHAMPTON MUNICIPAL CHURCH CHARITY CI Payè 1 LEGAL AND ADMINISTRAnvE Trustee¥: . Mr8CMay Mr C N Fowl¢r C W Brooks Mr B Saioganl Mrs P Flavoll Mrs S RhardS Mr W Slearer Mr K Hollan&Delarnerè Mr D Reynokls MrsA Jones Mrs R.K. Sargeanl MrJ VV Lane - Chamiqn of Cliérily - Chaimian of Eslale and Finan¢t Committee - ChEJimian of House Commit18e- Rosigned 20 Augusl 2024 - Rèsigngd 10 Septet)Ib8r 2024 - Appointed 25 Octobèr 2023 ResHJn&d 24 July 2024 - Appolnled 23 October 2[124 - Appointed 23 OcloLEr 20241Resionod 29 July2025 Prfncbpal offl¢e: . 4 Grniip Park Court. Roman Way. Nothamploii, NN4 TekphonÉ¥'. 01604 876697 Bankèrs.. . CAF Bank Ltd SolicitQf$ ond Clwk to the Tru¥tres'. - Wlson Brtrrfrfnp Solicilots- 4 Gr8Thge Park Courl, RomaD Way. Northampton, NN4 SEA Surveyors.. . Eddisons, G Rdey RoBd. Kelterino, NN16 8NN and King West. 10 Church Streel. Market HarbortsLMJh LE16 7NB Accountants., Jems & Partners. 1351137 vvdkngbDrgh Road, Rushden, N(Kthanls NN10 9TE
NORTHAMPTON IIIUNICIPAL CHURCH CHARITY CIO Page 2 REPO T OF THETRusfEES The Trusiees preseni annual lert ak)n9 bwlh the flrwncial statemèAts of the Charity for the year ènded 5 April 2025. Thè financlal slalaments havè been pPar0d on Ihe a¢¢ounllng pollcies se1 0111 in nole 1 01 the lin8ncTr81 stalements 8nd Compty with the Charitls Trusl Deed, applicable 18w and the requirements of the Sla(emenl of RecoTntD8nthd Praciice. 'Accounling and ReportiNJ by char1$. IFRS 1021 issued in 2019, and Charilies Ad 2011. The Charily li¥¥ t advdnlwjp of the conce5$i¥J5 affurded to SMalr chaikn.ès in resp1 of presentalion and disdosurè ih thèso financial sta17)entS. Con&Ulutl¢n and Management The NorthPIC Muniipal Church Charity CIO 1$ conslhuted uThJer a Scherne dat8d 18 MaTth 2019 and is 3 rlster0d charity wilh the number 1162629 The Trusl¢es agreed lo a merger wth anolher tharily with swmilar obj'ecbve and all 835ets and liabilrties of The Pag8 Fund. registered number 247274, were tr8nyfenEd in January 2025. The Trtt Con51iluUon alkjws for g maximum 018 appointed Trusloes end 6 nomlnatfyd TrLFslees. N¢w Trustees araadvised olthe work olthe Ch8rityand ol the requlrèmenlof theiTrol85 as Tw$leg¥ and ol¢wenl Charlty Law. ob1Ve$ pnd Acti¥itie$ The mah slated obl8et ol Ihe Clkqrily as set oul kn the con6tswort is th£ reli&f ol need, hardship or distress ol the Yesen1$ ofthe Borolsyh of Northampkjn. The Trus188s have revtessvd Ihe objective8 olthe Ch8Trfy conjunction withlhe Charity Commlssi)n s General GU8Ce of Public Benefit }nfi thal actwille8 ¢1)niinLie lo conlorrn tlk9t guidante.. InsliLltions or individuals can appty for funding ol prdacls or for grants. In¢fividuals mu51 be in need and an applrab.on form corblaining their financial delai15 has to be compleled b8fore consideration by the House Commillèe. ApplicatnS lor institutional gTanls are made by leller and are considerèd the Eslale and Finance Commillee. Meelings and theoiganisatDn or proje¢t iiiusl benefjt persons In need in Ihè Borou9h of Northamplon_ Thepolicyof the Trustees Is to allocat8 in¢thne. to or for thèbenefrtof the residents of IhB Borough ol N(¥ih¥mplon as qUIcY as is posSle. Achlevoments and PErk)rmance The Tru8l&es hE?ve ha(1 a difllcull yeaf but have mainl8ined a good level ol grhnts and donations to both ind'viduals and organisa(ion5 in negd during these economically challenging timq5. Th8 Income has b&&n mainl8inod on bolh oijr inveslments ants properties l am plea$&1 lo rÈporl that all the ccthmerciAI proprtiès are occupled and generating rental income. The Tru51ees have. agreed the sala ol the land at Kisfjngbury. sublect lo planning ¢onsent. si Thoma5 Housc continuL?s lo provk4e a goDd home for the resellI$ undèr th8 dlligei)t managem&nl of the Warden. The House Commiltee conlinu8d to malntain the labric of the propeity and IIN3re have again been sionificanl repairs and maintenance Ihis year. IlUding a replacemenl of all th$ InOwS, doors and lacias. The IAlIrY equipmenl has baen replaced and Ihe exiewior wi11 be paInted in Ilie current year. ThÈ Trusleos mad6 Ihe dec&iDn to close the Page Flind and ihe Betty and Chalks Slllwoll Fund a5 Ihe dmini$irative costs hav8 bocomo LInsuslnab1e. The Page Fund has b6en Iranslerred inlo the Northamplon MuniGipal ChLirch Charily Ènd Ihe olher fund will (Jonale ils asse& lo Ihe Northamplonshire Health Charily. Overall, Ihe Charily remains in good health and Ihe Trnsslee5 are (x)nfjdenl Iliat rt can corttinLlè ID cary ovl ils objeclivos lor the ongoing fullire
140RTHAMPTON MUNICIPAL CHURCH CHARITY CIO Page 3 REPORT OF E TRUSTEE co NUED Financlil Revitrw Acumulaied generftl ¥i¢cffle as at 5 hprfl 2025 It)lal$ £165.535. Page 7 stales thB total rÈvenua ariwg and e4oendiiure Inwrwd bythe Charity. Thè Goneral Fund SLirplits before direct charil4b expenditure for the ye3rw&s t182.214. Re3erv4s Pollcy TheTruslees have esiabllshed a pokywhereby Ihe unreslrr18d ld$ not commitiwj or Invested in langlb18 fixed assets I'Free Reserves'l hekl by Ihe chtY should be LS0.(K)D m the Gengral Fund. At ihis level the Trustees feel Ihatlhey woukl bo abte lo conts"nuelhè cwrent actliities of th8 ChLty. Al present the Free ReseNe5 are parl of Ihe General Fijnd, whh amounts kn £165.535 and exetreds Ihe largel level. This situatKJn Is regularfy monitored. Fvrthermore. as mention¢d above, ongoiig gi8nls to organisal10r are TPVlOw8d annually and there is no cornmithienl to¢ontiniie thern. lttvestment Pdlcy The Tnistees ve con4d8red thè most appropriate policy for inve911ro fLnd$ and invested Ihese on the advice of Cava & SO LimiiÈd, Ané Vortan & Son. rhe Inveslmcnt obieclwL4S for Cave & Sons Limited are, vAlhoLIt reslriclions. lo eblciin a balAnced retuin from incomo and Capitsl, froni inveslmenis. whith have a medlLm lo hlgh Tisk. The investment obj'ecttves forvartan S Son are, vilhoul restridions, to Dbt8in a reasonab long lemi overal reluin. Ifom inwstments. wliKh have a m¢xletBle level of risk. Pa9e 13 of th8 acLX)nipanying fithanclal slalements shows that as a15 4)ri12025. these InSImts had an aggregate rnaet vahis of £3.$47.286. Rlsk Revlew The Trustees have conducied thelr own rèvlew of th¥ ffl43jof Tisks lo whic.h the Qi8rty 15 gxposed anLI systems have been established lo mitsg81fr those risks. The only risk to tunding is a drop In the inccm8 bolh from Sha$ And Ime prope.9S. Internal ii5ks arg minimised by Ihe imFl8m$ntatlon of predre5 and insurance. Gtnoyally TIIE TrusteES wish lo express thelr thanks lo the war(len of si, Thornas House lor her 8xceMent work and care ol the residents thére throughout the year. to the Clerk's reprssenl8bvè8 for the¥ assistances And advu. Chairman 14 Janiialy 2025
NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO Pago 4 STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE FINAN IAL STATEMENT TheTruglees afe respon81ble lor prepariro the Truslees. Annual Raporl and thè financial statements Sn accordan¢o with 8pplicable1ow and Unlted lfjn9dom Accwnting SiarvJ%iJ8 Iunitwj Kingdcm Gènwally Ac¢epied Accounting PraGiicel. The law applicable lo ehBrftles in England & Wales requlro8 Ihe Tnjsteeg lo Prepa lyiarKi* stsiemenls for eath fing131 year which ge a true and lalr ¥Aew of the St818 of alfoirs ol the Chsrily and ol Ihe incomiro resources and aprArallon of resource5 of lh& Chartty lor thal perlod. In praparing thesg financial slatemcnls, the TnLSte85 are reqiiired lo= select suitaNg accounllng polic$ ortd then apply Ih&m consislentty, observe Ihe m¢lhods and printhples in th8 Charities SORP., make judgmonls arbd esllmales Ihal are 4$onble and wudenl., stale whellef applthble acLounling standards have been followèd. sublecl to any rn8tgrlal departwes disclosed and expblned In Ihe flnanclal slalem8nls'. prepa Ihe linarKial 8talemènts on the going Goncem basi5. unl8ss it is Inapwopriate lo presume that Ihe Chality wdl conlihue in operation. The Trustees are reSpSSb1¢ lor keepin9 woper accounllng rerdS that dssclose wilh rÉ8SNb8ble a¢uJracy at any timè. tha linanclal posilK)n of Charity and enable them loensure that the linBncial glulemtsnts complyth Ihe Gh8riltes Act 2011. the Charity {Accounts and Raportsl Rogu13tions 2008. and the wov4sions ol Ihe Tr1 Dood. Thsy are also responsibl8 for safeguarding the a55els ol the Chartty and hence for laking reasonabyè slep5 for the prevenlicn and del&¢lloA of fra1 and olher IrregLflarilies. BM8y Chalrrnan 14 JJniiary 2026
NORTHAMPTON MUNICIPAL CHURCHCHARITY CIO FINA ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 Paue 7 Unrestrlcted Fund$ P•fmane Totsl 20 Fund OM Invèstm8nl Income Rènts from Investment properties 116.551 116.551 104.402 OldndS receDiai4e 122,542 122,542 108,232 Inc(me THX recoverable 1.085 778 Inleiesl received 3.198 3.198 1.678 Insurance recovered Irom tenanls 5.908 5,908 4.870 CHARITABLE ACTIVI Sl Thomas House matr)leMnce contribulion$ 83.5 69.479 TAL INCOME 249,284 83,590 332.874 289,439 EXPENDITURE Raising Funds Charf(able Actwibes Other Expenses 40,523 70.656 123,512 26.547 4Q.523 194.168 4e.981 31,258 299.810 43.132 20,434 TOTAL EXPENDITURE 137,726 123,512 20.434 281,672 374.2 NET GAINS LOSSES ON INVESTMENTS vestments - realisèd ijnrealiged realised revalualion 11.252 11.252 192.7071 192,7071 131.892) 94,409 Pryrly NE OM TURE 111.558 {39,9221 1101,81191 130,2521 122,1841 TRANSFERS 8ETINEEN FUN 8 189,9221 89.922 OTHER RECOGNISED GAINS LOSSES Revaluation ol INed 8SSèt Fyoperty TMO MENT IN FUhlDS 21,636 50,C()o 1101,8A91 130,253) 122,1841 RECONCILIATION OF FUNDS FUND BALANCES 8IFWD.'. FUNDSTfi4NSFERRED FROMTHE PAGE FUND 131,190 100,(X)o 12,709 5.187.797 5.418,987 5.441.171 807,380 820.089 FUNO BALANCES - CIFWD 165.535 150.000 5,893,288 6,208,823 5.418.987 All incrynt and Èxpen(liture derfves from continuing acliwlies
NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO Page 8 BALANCE SWEET AS AT 5 APRIL 2025 2025 2024 Notè Fl Taryll)le Fixed Assels Inveslmeni Prop&itig$ Inve51menls 885,OCK) 1.590,000 3,547,826 885.000 1,6,000 2,843.466 6.022,826 5.318.466 RRENT ASSETS Debto 3e.478 33.932 Rent Charge- Nomnal Value Cash 81 b8nk k¥KJ n horKI 185,398 104272 TOTAL CURRENT ASSETS 221,877 138.205 LIA81LITIE Creditors due wilhin 1 year 35,880 37.684 NE[ CVRRENT ASSETS 185,997 100,521 NET ASSETS 6.208.823 5.418.987 FUND FTHE HARITY Unreslricled FLinds General Fiind 165MS 131,190 Desun?ted Funds 150.000 100,000 Permanenl Endownenl Fund 5,893.288 5,187.797 6,208,823 5.418,987 Apwovgd by Ihe Board of Triistees and sKJned on thwr behalf by.- 8 May- Chairman 14 January 2026
NORTHAMPTON mUN1pAL CHURCH CHARITY CIO Payo 9 NOT S TO THE FINAN IAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 I SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES lal Gnerdl Infomiation The Northampton Mijnluwl ChLsrch CIO Charrty IS 8 charity registered in Ilie United lfjryJdom. The address ol the Cik lo the Tru818es Is giv6n in Ihe Legal and Adminisiialive lOMali0 on page 1 of the h'nanelal 8tal8menis. The r)aturè ol the charily's cyeration and prfncipal activi&8 alè fijlty detsiled In the report of the TnJ5tws on pag8$ 2 and 3. The Charity GO[UlUteS a public banth enlity as lefined by FRS102. Ib} Basis Df Accounli The linancial staiennls have ien prepared under the hlslorical cost ateounliro wles as modlfied by the Indusion ol a$sels al markpl valu95 in accordance wih the rewifements of the Statement ol Recommended Practice "Actounts"ng arKJ Reporting by Chbrilie5" issued in 2019 IFRS 102) and wfth applicable accountjng standards andthe Charities Acl 2017. The chariiyhas app14od Update Bulletin 1 a9 published in February 2016 and doBs noi Inthde a cash flow stsl&m9nl the grounds Ihai il is appEn9 FRS102 1A. 1¢) Income Income from Investsnenls is indiided in Ihe income 8¢coiint ol Ihg accounting periocl in which il is received, after dtsduth.on lor income tax, il appropriate. Rental income frorn commerclal Investment properties 18 accoi¥Died for on an ac(¥uals basis. All other in¢om8 is accounlod lor on a cash receDf6é basis. All income is re¢ogwNxed wlien Ihe charily Is lègally entiued lo éi anrl the amount ¢an be measured reliably and 11 is probable Ihal it w511 ie received. Idl Expenditure Grants ao recognis when paid, after approval by the 7'rEES. All oLher eyrKJlture Is induLfed on an accruals basis and 18 Tècognised ¥then thérè is a leoal or wnstnth oNigatiorn to pay for exp&ndiiurv. Al c(tsts h8ve been directly aRorated to onè of the fun(Is shown In the SOFA vknere p05siNe, OT apportK)ned as appropria. lel Fi¥e(J Assets Freehold inveslrnènt property 13 shown at market value, which ig themed lo be fair value in accordance Mih the Statement of Recommetyjed Pfacllce (FRS 1021. As a re5uII ol this, Ilje properties are iiol depreclaled. The properties a tKof¢sslonally revalued evèry INe years. Other freeho property is olso shown 81 vAlualion. Thè polw Is lo depre¢ia¢o the building bul as il is maintained loa hi9h standard for its charilatAe tIltIeS riona is n6rssaryas IhÈ rasldualvalue is nolmaleri31ty different lo Ihe carrying value. Thi5 Is a deparwre Irom COgnised a¢xounling principles whh require ¢Jeprwialion lo bo provKlÉd on all fixed assets. Th8 Trustees ccrtsiderlhat Ihis polbcy is rewired In order that the finala1 slalements give a Irue and fair view. RevaknalK>n gn$/{lo$Se$I are included in the St8lÈment of Fina11 Activities. IQ In*slmenls Inveslmenls ale induded at markel value ai the ar-end dale, whiGh is deemed be their fak value, Igl Fund Accounting The value and purpose ol eÈ¢h fund Is eX81n6 h) te 8.
NORTHAMPT N MUNICIPAL CHURCH CHARITY CIO Page 10 NOTES TO THE F NANGIAL TEMENTS R THE YEAR ENOED 5 APRIL 2025 CharflalAe AclIvi?$ 2Q2S 2024 enè Grants io instilutions £1000 orKI Nara 2,000 1,500 1,000 2.000 2.OC() D681blind MNDA AssociaOn Samaritans GLiiée Dogs Imp8Gt Mow speer Contaci MS Therapy Cientre United African Assoclalion Mayors Fiird for the HOUsebnd N H HokE Centre Nene Valley Car8 TfU51 Read Easy Car8 and Repxlr Calibro Audio Library MA¢n)illai) Cancgr Support ngani M8ns Group IAS Soaety NVCFR Dogs for &)od NDrthgate A¢adÈmy Granls lo individuals Christmas VoLichers 2,ThJO 5.000 3,000 2.OOD 1,0 10.000 1.000 1.S(t) 1,000 2,000 1000 1.000 2.000 1.000 1.000 1.000 1.OLX) 3,000 1,000 1.000 2,000 2,000 1.OCK) 3,0(K) 46.204 311.105 1.551 2025 nAtéd 2024 n¥ted Dèsl Desi st Thomas. House Vvater Ra and Council Tax Heal and Light Warden's sary and pension rierk's Attountancy1605 TeP150nG Sundry EXpese5 Lift maintenance Gall Care Cleaning. Iiicluding wages Repairs and renewaLs LegHI and Prol6ssionJl laas 4,598 12,913 30,200 21,000 4,131 2.217 4,001 7,091 1.248 2,496 27.614 6,000 2,646 11,845 28.518 18,000 3.840 2,063 1,967 1,248 2,928 142.35S 600 .1_23 5_1.g
NORTHAMPTON MUNICIPAL CHURCFI CHARITY CIO Page 11 NOTES TO THE FINAN IAL SYATEMENTS FOR THE YEAR ENOED 5 APRIL 2025 2 Charttablfy ktivmips {¢ontlnued) 2Q25 2024 nat 0$5 De51 Employee emoluments INag&s. salari8S and penshj Nalional Insvrance conlribLilick8 30,200 28.518 30.200 2&518 The 8ra9¢ number ol Èmployee8 Mo emplo58s received eme4um$nts exkng £60.ocK>. and tho Trustees rocerve no munati(>n 8xpenses. 3 OthfrT Expenses 2025 2024 G&Th•ral Funds Gen¢rèl Funds G¢vemBn A¢irfit $ Clerk's Fees Bank CharyJos and InleTE51 In5vrances Professional Fees 4,131 21,lJOO 3.840 18,000 60 365 3.275 427 929 2&54 manont Endowmvnt P•rrnanènl Endowmen Investnienl lees- Vartan Investment fees- Cave 12,616 7.818 12.321 5.271 4 R#lsing Funds 2025 arAI Fun 2024 Gonoral unds Inveslmenl Pro Colleclctrrs Fees nsiiranceg Protessional Fee5 Property C051s enses 7.763 11.485 20.289 986 6.825 10.773 S.991 7,669 40.523 31,258
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NORTHAMPTON MUNICIPAL CHURCH CHARtTY CIO Page 13 NOTÉ TOTHE HNANC TEMENTS FOR THE YEAR ENDED S APRI 025 Flxad Ag$el Investments Cost 2025 Cost Market Value 2025 Mor*et alue 2024 Income 2025 ome 2024 Pennanent Endowmgnt Cave & Sons Share Portfol 1,525,129 820,7 1,798,544 I.0.825 59.448 44,243 Vartan & Sons Share Porflolits 1.562,542 1,601.615 1,749.282 1.842,641 63,094 63.989 3,087.671 2.422,365 3,547,826 2,843,468 122.542 108.232 Movèmènt In Market Valuè Cave & Sons Portfolio V&rttn Portfglio Total Markei valu& 6.4.24 1,000.825 1.842,641 2,843.4e6 Addilions And trni)sfers in year 842.195 236,271 1,078.466 Lh'sposals In year 129,6591 1244,066) 1273.7251 Uftreali5ed Ibss8sl gains year {10.0371 <82,670} 192,7071 m0Ment in cash éèposits 14.780} (2,894) 17.6741 Markol value 5.4.25 1.798.544 1.749,282 3.547.826
NORfHA2+lPTON MUNICIPAL CHURCH CHARITY CIO P890 14 MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2 25 6 Fixed As38t Investments Iconllnued) Cave and Vartan Shat¢ P um 2025 2024 Cave 8 Sons Lirnrfed UK Inveslmenls 1.785,367 982,868 Cagh Deiwils 13,177 17,957 1.798,544 1.000.826 Vartan& Sons UK Irbvestmenls 1.747,795 1.838,260 Cash Deposits 1,749 4.381 1,749,282 1,842,641 Other Ihaii cash d8posils. all investrrents are on a recoJni$ed slod( exthje.
MORTHAMPTON MUNICI L CHIJRCH CHARITY CIO Page15 STOT THE AN TEMENTS ENDED 5 APRIL 2025 FO 7 cdItOrS duè wlthln I ar 2025 2024 Creditors ind Aethuals Rent dfjpost 17,658 17,922 20.iK)O 17,684 35.580 37,684
NORTHAMPTON MUNICIPAL CHURCH CHARITY CIO pa16 fvIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 PERMANENT ENDOWMENT FUMD GEt4ERAL FUND DESIOMATED FUNDS StT mainten Fund Fvnd 114COME (a5 page 71 EXPENDITURE 249,284 1137,7261 83.590 {123.5121 120,434} NET INCOMLEXPENOITURE 111,5S8 139.9221 PO,434J TRANSFERS BETWEEN FUN - Pemiaftenl Endowment . St Thomas House -commercial proFErtyreparrs 189,922) 39.922 50.000 189,9221 39,922 50.000 REALISED GAINSI Investments Properly LOSSES 11.252 UNREALISED GAINSI Inveslments Property 192,7071 181,4551 TINF 21.636 50.0 11Q1.8891 FUND BALANLES- B'FWD 131,190 100,OOD 5,187.797 Fiinds transferyed from the Page F(Ind 12,709 807,380 FLIND BALANCES- CIFWD 165.535 50.(X)O 100.000 5.893,288 The lunds are r¢pre8entsd by:" Tangible fixed assèts Iiivèslm¢l pr¢Wert*s Investments Currenl Yjgsels Ctsrrenl Li81ililies 885.000 1,590.000 3,419.144 128,682 71.877 135.0241 50,000 loo.000 185fj1 165,535 50.000 100.000 S.883,288
NORTHAMPTOhl MUNICIPAL CHURCH CHARir Pagt 17 NOTES T THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO S APRIL 2025 Funds Anal (ntInued) 181 GènerAI Fund The General FLwd repres1$ Ihts unreslrthd lunds, which the Tw5tees 3re free to 41$e in (x)rLlanr with the chariloble 04•cts. {bl St Thomas, House Fund Thv& ts an unreslricled. desp3naled It1 showing the inC(e from and olher expendrture li respect or st Thoma5, Hse loraccounling and Iwdgth'ng purposes. Icl Tho C cllcal Malnten fr Fund This is an uwestricled. designated fund for regular repairs and works to Sl Thomas. House and ttt8 Sl GllÈS Slre¢l i)roperties. The Truslees have decided to Gqp the luThJ al E50,000 each yp¥r. As a result of Ma1( repair work ¢arried oul on the properfi85 last ye8r, lh& Trustees agreed to Iransfer the Csrl¢cal Malntenan¢¢ fund ba18r1 ol £50,000 lo Iho Genéral Fut. Tlis has been fvlly recouped Ihffs yeai. Idl The Extraordina Re Ir Fund Thls an unre8lrKled nd designated by Ihe Trustees for Ma1 r8furbishmenl and paYS to St -rh)mas' 4ouse and Ihe St Giles Street propètb"•s. Thtr Trustees have decide4 that arty fulure Extra Ordinary Repairs wll not axcegd £100.000. le) The Permaneiit Endowment Fund TtrN5 conlains Ihose assets. whleh enot be distribuied by the Ch8rfty. being Sl Thomas, Holise. Ihe Sl Giles Strèèt properls and land at Kislingbury. and investments malnly purGhasgd with Ihe sale proceeds of Ihe land at Boughton Green and Ihe inveslmgnls of the merged J & M Law Fund and the Page FuTrJ Invaslment managets fees are deducled frorn this lurKS. Rèlated Parties rhpre were no related party tran$actkJn$ In the year.
NORTHAMPTON MUNICIPAL CHURCH CH ITY COUNTS Page 18 ED ES FOR THE YEAR ENDED 5 APRI Year 12025 ear to 5 A rll 2024 INCOME AND EXPENDITURE ACCOUNT INCOME Rénts from inveslm8nl pror*rtiBs laro1ysed page 121 Investrnenl Income {analy5ed page 131 Inwrte Tax recovar Interesi recelved Insurance recovered from lenanl8 116.S51 1L,542 1.085 3.198 5,9)8 106.483 108,232 778 1.6711 2,789 249,284 219.960 Deduct.. PROPERTY EXPENSES Collectots loas Insurance Prclessnal Fees Property Costs 7,763 11,485 20.289 986 6.825 10.773 5,091 31,258 MANAGEMENT EXPENSES Audit 8tKJ 8¢COLinlancy cterKs lees Bank Charges and Iiitwesl Iiiswance Legal Prolèsslonal Fees 4.131 21.IX)O 3,840 18,000 60 365 3275 427 929 GRANITS ANO DONATIONS Grants lo Inson8 Grgnls lo indivlduals Christmas vtsijchfyrs 39,1)00 30,105 1,551 31.000 46.204 1,306 ST THOMAS, HOUSE Nel Cosiiirtomel (schedule page 191 39,922 151,821 PERMANENT ENDOWMENT Inveslmenl Fees- Varlan Inveslnient Fees . Cav 12.616 7.818 12,321 5,271 20,484 17.592 TOTAL EXPENDITURE 1198.0821 {304.7211 EXCESS OF INCOMEIEXPENDITUREI FOR THE YEAR 51,202 184.7611
MORTHAMPTON MUNICIPAL CHURCH CHARITY Pagè 19 ACCOUNTS SCHEDULES FOR THE YEAR ENDED S APRIL 2025 ¢ontlnued St Thomas. Hous Year to 5 A Til 2025 Yezr to ril 2024 Ma1¢e cOntritiOnS 63.590 69.479 DeducL. EXPENSES". - INaler rates and CwrKil T8X Heal and IKJht VV8rdens salary and pensk)n aerk's lees Ac(wntsncy T8lfyphoi)e SurKlryexpenses C811 tale Lfft mginlenan Cl¢aning. incluthng wag Repairs Lega and vofess31 lee% 4.598 12.913 30,200 27,000 4.131 2.217 2.646 11.845 28.518 18,000 3,840 2,063 1.967 1.248 5.310 2.928 142,335 600 1,248 7,091 2,496 27,614 6.000 123.512 221.3CK) NET ICOSTVINCOME before apwoprk411ons (Page 181