WRAXALL CHARITIES CIO
REPORT
YEAR ENDED 31 DECEMBER 2024
Reference and Administrative Details
Charity Number
1193583
Public Addres8
Wraxall Charities CIO, The Cross Tree Centre, Bristol Road,
Wraxall. Bristol, 8S48 1 LB
Trustees
Mrs A Lock
Rev M Andrews*
Cllr l Malpas.
Mr M Law.
Mrs L Vowles
Chaimian
until resignation 28 November 2024
Cllr D Robinson"
Treasurer
'Nominative Trustee appointed by Wraxall & Failand Parish Council
*Ex-officio Trustee, Rector of the parish of Wraxall with Failand
Treasurer
Cllr D Robinson
Independent Examin•r Mr S Wright, 27 The Uplands, Nailsea BS48 4RS
Bankers
Lk>yds Bank plc, 16 The Triangle. Clevedon BS216NG
Wards Solicitors, 1-3 Alexandra Road, Clevedon BS217QF
, Narrow Quay House, Narrow Quay Bristol BS14QA
David James & Partners, Barley Wood Stables, Long Lane.
Wrington, North Somerset BS40 5SA (Land Agent)
Group West Ltd, 141 Whiteladies Road, Clifton, Bristol
BS8 2QB (Advice on Option Agreement)
Solicitors
Surveyors
Page 1

Report of the Trustees for year ending 31•t December 2024
The trustees present their Annual Report of the charty for the year ending 31 s¢ December
2024. The Financial Statements have been prepared in accordan￿ with the accounting
policies set out in the notes to the accounts and comply with the charity's governing
document, the Charities Act 2011 and the Statement of Recommended Practice (SORP)
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting
Standard (FRS102) published in 2015.
Prior to 7 November 2024 Wraxall Charities CIO had no funds or assets.
The Charity Commission has rnerged the unincorporated charities (Marchioness of
Northampton, Thomas Kington and Abraham Elton, collectively known as Wraxall
Parochial Charrties) wrth Wraxall Charrties CIO with a transfer date of 7 November 2024.
The unincorporated charities have now been removed from the Register of Charities and
are shown by the Charty Commission as having funds and assets transferred to Wraxall
Charities CIO.
Structure, Governance and Management
Wraxall Charities CIO is a registered chanty wrth a constrtution and VRS approved by the
Charty Commission on 18 February 2021.
The charity d￿$ not actNely fundraise and seeks to continue the charitable work of the
former unincorporated charities.
There are currently fve trustees: two nominalive trUSt￿S appointed by the Parish Council
of Wraxall and Failand, two C(H)Ptative trustees and an ex-officio trustee, the Rector of the
parish of Wraxall with Failand. There are currently vacancies to be filled by a nominative
and co-optative trustee.
Land assets comprise:
Nailsea Lar
The Nailsea Land is subject to an Option Agr&ment with Vistry, a developer and
formerly Linden Limited. l￿D have an option agreement for an easement for pylons
and underground cables (together with data cables from Surf Telecoms) across the
land. Vistry has re￿ntlY submitted a planning application for development.
Wraxall Land
One part of the Wraxall Land has recently been re-let under a new twelve month
agricultural tenancy. The other part of the Wraxall land is let as a car park to Baker
Hughes
Transfer Deeds for the land assets of the former unincorporated charrties have been
completed and are wrth the charities solicitors who are attending to the fomialrties
necessary to register them at HM Land Registry.
All cash and investments from the fomier unincorporated charities were transferred into
accounts held by Wraxall Chariiies CIO in November 2024.
Page 2

Objectives and Actlvitles for the Publle Benefft
The objects of the charity are for the prevents'on or ￿l￿f of poverty amongst those living in
the ecclesiastical or administrative parish of Wraxall through making grants to appropriate
institutions, organisations and indFviduals. The trustees have had regard to the guidan
issued by the Charity Commission on public benefft.
Achi•vom•nts and Perfornian
No discretionary payments were made and no Tesco Grft Cards were issued to households
in financial hardship for essential items durit¥J this period.
Financial R•vi•w
The charity's financial position on 31st De￿mber 2024 is healthy. The income is derived
from monies received from investments, waY￿ave payments and the rent from three areas
of land, which are let to tenants.
The CCLA Charities Deposit account provides a better rate of interest than the bank
savings account
The Trustees have considered the need for a Reserves Policy and concluded there is no
need to hold reserves or develop a Reserves Policy. The on-going costs of the charity can
be easily met out of present funds. The charty holds zero reserves.
Declaration
The Trustees declare that they have approved the Trustees, Report above.
Signed on behalf of the charity's T￿￿tea$.
2s.*.
A Lock, Chairnian of Trustees
Date
Page 3

Wraxall Charities CIO, Charity number= 1193583
Receipts and Payments Accounts for year ending 31st December 2024
Receipts and Payments from date of transfer to
Wraxall Charities CIO 7 November 2024 to 31 December 2024
Unrestrlrted Endowment
funds
funds
2024
Totsl
funds
Notes
RECEIPTS
Rents
Investment income
Bank interest
CCLA deposit interest
Complaint
compensation
TOTAL RECEIPTS
4.355
26
305
4,335
26
305
4.766
4.766
PAYMENTS
Discretionary payments
Insurance
Governance
349
130
349
130
TOTAL PAYMENTS
479
479
NET RECEIPTS
4.287
4.287
Assets transferred
from Wraxall Parochial
Charities
I￿.618
1,213,204
1,313.822
Gain Ilossl on
revaluation of
investments
ioi
7.582
7.481
FUNDS LAST YEAR
END
FUNDS THIS YEAR END
105,(M)6
1,220,685
1.325,691
The notes on page5 6 and 7 form part of these account
Page 4

Wraxall Charities CIO, Charity number: 1193583410
Statement of Assets and Liabilities for year ending 31•t December 2024
Unrestricted Endowment
fvnds
funds
2024
Total
funds
Notes
Fixed assets
Land held for investment
At l January 2024
Transferred from Wraxall
Parochial Charities
At 31 December 2024
600,CM)O
6IXI.000
600.000
600.000
Investment funds
At l January 2024
Transferred from Wraxall
Parochial Charities
Gain (loss) on revaluation
At 31 December 2024
8,256
613,204
621,460
ioi
8.357
7.481
620.685
7,582
629,042
Total Fixed assets
8.357
1.220.685 1,229.042
Current assets
Cash at bank
Cash at CCLA
Other monetary a55ets
Debtors
8.222
87,252
275
900
96.649
8,222
87,252
275
900
96,649
io
li
Le5s.' current liabilities:
creditors
Net current assets
96.649
96,649
Total assets
105.006
1.220.685 1,325,691
Approved and Signed on behalf of the charity's Trustees:
A Lock, Chairnian of Trustees
Date
The notes on pages 6 and 7 forni part of these accounts
Page 5

Wraxall Charities CIO, Charity number: 1193583
Notes to the Accounts for year ending 31•t December 2024
Rents and Wayleave
Rent payments are made in the firsi part of the financial year. sin￿ the transfer
of assets on 7 November 2024 no rents have been received.
Investment income
PrO￿edS from the sale of land and options agreements in previous years have
been invested in the CCLA Charities Official Investrnent Fund (COIF). 30,997.55
units were held on 31st December 2024. The forecast Gross dividend yield was
2.740/0 (Sep 24). One dividend payment from the CCLA COIF fund has been
received in the period after transfer of assets.
Complaint compensation
In recognition of the difficulties Trustees experienced in estsblishing the
Treasurer's account for the charty, Lloyds Bank have credtted the account with
£80 in response to a complaint that was uphekl.
Discretlonary payments
There were no discretionary payments during the period.
Insurance
Insuran￿ cover includes Public Liabilty £5M, Employers Liability £10M and
Trustees Indemnrty Insuran￿.
Governanco
Land Registry charges and associated postal expenses relating to the application
to HM Land Registry for a thin strip of land nexi to the fen￿S of the adjacent
houses of the Nailsea land be registered with possessory title following the long
period of adverse possession by the tenant and his father before him.
Assets transferred from Wraxall Parochial Charities
Unrestricted Endowment
Funds
Funds
Total
Funds
Cash at bank
Cash at CCLA
Tesco Gift Cards
Debtors
Total current assets
8.596
82.591
275
900
92,362
8,596
82,591
275
900
92.362
Lad and investments
8,256
1,213.204 1221,460
Totsl assets on transfer
100,618
1,213,204 1,313,822
Page 6

Investment Assets - Funds
The total value of investments held in the CCLA COIF fund on 31 De￿rnber 2024
was £629,042. The gain during the period after transfer of assets was £7,582.
Investment Assets - Land
Wrth the transfer of assets to the CIO, David James & Partners have issued
reports re-valuing the land based on its potential for development. The Nailsea
land is valued at £400,000 and the Wraxall land is valued at £200,000.
10.
Other Monetary Assets
Other monetary assets are store gfft cards held for distributing when needed. Gift
cards to the value of £275 remain at the end of 2024.
Debtorn
At transfer of assets there were rent arrears on the Wraxall Land of £900. In
January 2025 DavKI James & Partners, our Land Agent, advised that they held
deposit for rent of £313.28; this has now been re￿ived. leaving an outstanding
debt of £586.72.
Our Independent Examiner has recommended that the outstanding debt be written
off, which will be done in 2025.
Page 7

Wraxall Charities CIO, Charity number: 1193583
Independent examinerfs report to the trustees of Wraxall Charities CIO
I report to the trust&s on my examination of the accounts of Wraxall Charities CIO for
the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of Wraxall Charities CIO you are responsible for the preparation of
the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act,).
I report in respect of my examination of Wraxall Charities CIO'S accounts carried out
under section 145 of the 2011 Act and in carrying out my examination I have followed all
the applicable Directions given by the Charity Commission under section 145(5)(b} of the
Act.
Independent examiner's ststement
I have completed my examination. I confim that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect..
1. accounting records were not kept in respect of the Wraxall Charities CIO as
required by section 130 of the Act; or
2. the accounts do not accord wrth those records.
I have no cOn￿mS and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Signed:
Name..
Stewa
Wright
Retired Fellow of the Institute of Charted Accountants in England & Wales
Address: 27 The Uplands, Nailsea BS48 4RS
Date:
ZS-. kf 'L 202
Page 8