WRAXALL CHARMES CIO REPORT YEAR ENDED 31 DECEMBER 2025 Reference and Admlnistratlve Detalls Charity Nurnbor 1193S83 Publlc Addro8• Wraxall Charities CIO. Tr Cn>ss T Centre. Bristol Road, Wraxall. Brthl. 8S48 1LB Tru8lee8 Mrs A Lock Rev M Andrthv5 Cllr l Malpas" Mrs S Parsons" Mrs L Vowles Chainn from 3 Marth 2025 Cllr D Robinson. "Nominative Tnth aptsd by Wraxall & Faland Parish Cojnal tEx-offioo Trustee, Re(kn of the parBh of Wraxall with Failand Trea8urnr Cllr D Rots'nson Independent Examlner Mr S WrKJht, 27 The Uplands, Nailsea BS48 4RS Bankers Ltyls Bank plc, 16 The Triangle, Clevedon BS216NG Sollcltorn Wards Solicitors, 14 Alexandrd Road, Cknik)n BS217QF {until Juty 2025) DAC Bear, NunJer or WelrA)me Buikling, Avon Street, Brtstol. BS2 OPS {from July 2025 for advi OptDn Agreement for Nailsea Land) VWV. Namjw Quay House, Nam Quay Bristol BS14QA {until November 2025 for w(Kk to transfer to the CIO) DavKI James & PartspT5, Badey Wood Stsbles, Long Lane, Wring, North Smrset BS40 5SA (LarKI Agerrt) Gr(P West Ltd, 141 Whiteladies Road. Clrflon, Brtsiol BS8 2QB (knice on Otkn'on Agreemert) Surveyors Page 1
Report of the Trustees for year endlng 31st December 2025 The trustees preswrt their Annual Report Oftt dlIty for the ending 31 Decenknr 2025. The Finanoal Ststemerrts have been prepared in a(X>)rthn with the aCCnting pOIleS set out in the notes to the acojunts and u)mpty with the charws governing document. the Charities Ac 2011 and the Statement of Recxjmmended Praio (SORP) applicabk to charities prepafing their aco)unts in aCrdan wth the Finanoal Reporting Standard (FRS102) pub1tstr bn 2015. Prior to 7 November 2024 Wrnxall Charities CIO had no funds or assets. The Charity Commission has nwed the unincorporated charities (VArchioness of Northampton. Thomas Klrvjt( and Abraham Elion, lIe£'velY known as Wraxall Parochial Charrtiesl with Wraxall Charities CIO with a transfer date of 7 November 2024. The uninc0rFL)faI charities have n(M been reffl0 from the Register of Charrties and are shown by the Chanty CommissN)n as having funds and assets trdnsferred to Wraxall CharitS CIO. Structure, Govemance and IAanagthTh Wraxall Chatitss CIO is a regtstered tharrty a c¢StItuti and was apwoved by the Charty Commission on 18 FebNary 2021. The charity not acti4ely fundrdise and 88eks to C(xrt1n the chartsble of the fOrnr unincxxporated thafities. There are Gurrently fNe trustees.. three nomjnatr¥e trustees appointed by the Parish Council of Wraxall and Failand, cwtats.ve trustees and an ex-officio tnth, the Rector of the parish of Wraxall wrth Faand. There is rrenty a vaoncy to be filled by a c¢>optstsve Land assets compw: Nailsea Land The Nailsea Land subject to an OW Agreement with Visty, a devek>per and lomrtY Linden Limited. WPD have an Opt agreement for an e&8ement for pylons and underground cabs (together with dats ixbles from Surf Tele(x)ms) across the land. V15ty has suljntited a planniThJ applicatsx for outline planning pernission in Odober 2023 and is awath'ng a decisK)n. Wards no longer wish to supp)rt th8 CIO. The Trustees ceased to instruc* Wards and appointsd DAC Beachcroft in Juty 2025, as solicrtors to work with Gp West on the OptTh Agreerrwrt. Wraxall Land The trRlve-mcth agticulturnl tenancy for one part of the Wraxall Land vras ren8wed for a second year in May 2025. There has been an expression of intefest in this part of land from a developer. whth is being managed by Group West. The other part of the Wraxall laNI is let as a r park to Bakef Hughes, the lease erKls in May 2028. Transfer Deeds for the land assets of the fomier uninCorprt charities re finally registered at HM Land Registy in November 2025. Work with , the charrties solicitors for managing the trdnsfer to the CIO. is now compkts. All cash and investsrnnts trn the fonTrr uninixxw)rated thariti8s ware transferred into accounts held by Wraxall Charities CIO in Ntr4emtsr 2024.
ObJecllve8 arKI ActMtkn8 the Public Benofft The obFcts of the ttnty are for the preventx)n or relief of kThrty amongst those living in the ecdesiaStI or adminislratrve parish of Wraxall arKI Failand thrr)ugh making grants to appropriate inaitutions. oanISat iTrJNMJuals. The trukn have had regard to the gUKlan kssued by the Charity CIMnMStt)n publK benefiL AChI•vents and Perfonnanco Disuetionary paynRnts were rw1e for: Wellspring Counselling to cw the (x6t of Cnsel1ng in the parr6h. Trussell Trust foodbank at Nailsea Nailsea & Distl Cownrty TranspTht Energy costs for a sirnJkn with chreft in xKial hcKtsing with poor energy efficiency and insulatK)n. Equiprrent for a student attending Weston Covffje Replacement Ixx)ker for a family No Tesco Grft Cards, for essenlial rtems ts hoUSelJS in fmanrAal hardship, wpre issued during this perThJ. Financlal Revlew The charitS financial poslion on 31ql Dets is hlthy. The ino)me is derived from )nies received fr(xn investrnerts. wafvave payTrnts and the rent from three areas of land, whrch a let to tenants. The CCLA Charitw Deposrt ac(x)urrt provNJes a better rate of irrterest than the bank Savings accourrt The Trustees have consKIe] the need fi)r a Reserves Policy and conduded there is no need to hold reserves or devthp a Reseffts Poli14. The on-going costs of the charty Declaration Signed on behalf of the charitys TnMtees: A Lock. Chairman of Tru31•85
Wraxall Charitles CIO. Charlty number. 1193583 Recelpts and Payments Accounts for y•ar endlng 31" December 2025 2025 2024 Total Totsl funds funts funds RECEIPTS Rents Investment income Bank interest CCLA Deposit alc interest Option payment ,Complaint Rtrimbursements TOTAL RECEIPTS 13.763 17.585 45 17.585 45 4A)61 4.355 26 305 4,061 80 720 36J74 36J74 4.766 PAYMENTS Llscretionary payments | Insurance .Room Hire l Governance Land Managernent TOTAL PAYMEpirs 13.155 720 50 13,155 720 50 3.262 349 130 173671 17J67 479 ,NEf RECEivrs 18A07 | I807 4287 | Assets transferred from Wraxall Parochial Charities ' Galn Ilossl on revaluation of investment funds Rental debt wrttten off 1.313.822 -29,710 -30.110 7,582 li .900 FUNDS LAsfYEAR END 105JJ06,, 1220,685 I32591 FUNDS THIS YEAR END 122513, la75 IA13 I32591
Wrnxall Charftles CIO. Charlty number." 1193583410 Statement of Assets and Uabllltles for year endlng 31•t December 2025 2025 2024 nd5 Total fvnds Totsl funds Flxed assets Land held for investment Investment funds 6(KlA) | 590.975 1.190975 6,000 | 598.932 1.198,932 600,000 629,042 1.229,042 7.957 7.957 Cash at bank Cash at CCL4 Other monetary asser5 Debtors Net current a55ets 5.383 108.898 275 5.383 108.898 275 8,222 87.252 275 io 900 96,649 114.556 114,556 I1213 1.190J75 1.313888 1,325.691 FurKts: Unrestrirted Endowment I2213 122.513 1,190.975 105.006 1.220.685 1.190.975 Total funds 122513 1,190J75 1.313A88 1325,691 Approved and signed on behall of the charity's Trustees: f, Lt. A Lock. ChaiMn of Trfee3 The note8 on pagos 6 and 7 fomi pvt of te accounts Page S
Wmall Charftles CIO. Charlty number. 1193583 Notes to the Accounts for year Ondlng 315t December 2025 2025 2024 350 350 1,5(K) 1,5Crf) 313 11,552 11.400 48 48 13 763 13 298 Nailsea Land Wraxall Land (part) Deposit refund from previous tenant Baker Hughes (Ind interest kte paynrt) Natnal Grid The last tenant of part of the Wraxall Land left a debt of £9CO. His deposit has been refunded by the Land Agent aThJ the iemaining debt has vKitten off by the trustees. The rent has been incxea>d tr the agreement wth the new tenant. Baker Hughes ha made an additional payn*nt for the interest on kte payn for the car park land rent. The fvjures ft)r 2024 aR from the previous uninCorrated charities. Inveslmerrt income Proceeds trom the sal8 of land ar 0ptKs agreements in preuS years have t)een invested in the CCLA Chafities OffKial Investsnent Fund (COIF). 30,997.55 unts were hebj on 31•t Dernber 2025. The forwt G85 divvjend yiekl was 2.95% (Sep 25). Wards solicrti)rs re-imbursed £5 held on deposit and the Land Regth also made a re-imbursement for fees paid for an eaty attempt to (x)rreL% a Title map for the Nailsea land. Dl8Crntlonary paymnts Trussell Trust Foc¥Jbank (Nai15ea) Wellspring Counselling Nailsea & Drict Communty Trans Energy cA)sts Equipment for a student at Westcm cdkge Replacement Ixiker £4.000 £5,000 £3,050 £400 £251 £454 £13 155 Insurance Insurance cr indudes Public Liabil"ty £5M, Emfftrn Liatmlty £10M and Trustees Indemnty Insurance. Govemance This indudes Land Regtsty charges for 1n0ypatK1n fn)m the previous charities and solicitors. fees for removal of the unincL)rrK)rated thatities from the Charty Register. Page 6
Land IAanagomenl An updated tenancy agreemert C£Ing £1 was draft&J by David Jarres & Partners ft)r part of the Wrdxall La1. Inveslment A880ts . Land Wth the transfer of assets to the CIO in 2024. DavKI James & Partners r&sued reports re-valuing the land based on rts potentsal for development. The Nailsea land is valued at £400,000 arKI the Wrdxall land is v8lue(J at £200.IY)O. The total value of inSlts hehj in ts CCLA COIF fund 31 D8rnber 2025 was £598,932. T dUrM this PWKXJ was £30,110, equivalent to 5%. 10. Other monetary assets are store gift cards hehy for distrilxjtsng when ne&Jed. Gift cards to the value of £275 remain at end of 2025. Deblor8 At transfer of assets there rnnt aThr8 the Wraxall Land of £9(K). In January 2025 DavNJ James & ParbRrn. (r Land W, advised that they hekl a desX>Sit for rent of £313.28 as shwi at note 1. This has nrhv been [1ved, leavirvJ an outstanding detrt of £586.72. The debt has been itten off by the trustees, as re(x)mmended by (r lThJependent Examiner. Page 7
Wraxall Charltles CIO. Charfty number. 1193583 Independent examIneS report to the trustsos of Wraxall Charftles CIO I report to the trustees ¢)n my examinatK)n of the acAxJunis Wrdxall Charities CIO for the year ended 31 Decemtsr 2025. Responslbilities and basis of report As the charty trustees of Wraxall Chanties CIO y(w arn rest#SIble for the preparation of the aco)unts in accordance with the requirernents of the charit Ad 2011 {Ihe Ad). I report in r8speia of my examination of Wrdxall Charities CIO'S ac£ounts carried out under se(Xi 145 of the 2011 Ad and in carryiro out my exarninat I ha ft)Ikhved all the appluble DirectKTh gNen by the Chanty CommissKJn under SlI)n 145(5Xb) of the Independent examlnefs Statom I have completed my examinatim. l a)nfimi that no material mattets have u)me to my attention in c4)nnedion with the examinatK)n gmng me (xuse to believe that in any material respect: 1. accounting reo)rds were not kept in rnspert (A the Wraxall Charitss CIO as required by seclN)n 130 of the Ad: or 2. the accoufts do not auxJrd with thoge rnc4xds. examination to attention should be drawn in this report in order to enable a proper underst2Thaing of the xc%)unts to be readd. Signed: Naffe: Stewart WrwJht Retired Felkyw of the Instiknrte of chart Accntants in England & Wales Address.. 27 The Uplands. Nailsea BS48 4RS Oate: . KY-L laz. l>age 8