Trustees’ Annual Report on Activities in the year 2023
The Silverton Parochial Trust, formally known as the Silverton Parochial Charity, comprises numerous individual bequests to benefit the poor of the parish, some dating back nearly 400 years. The present scheme was approved by the Charity Commission in 1990, combining the many bequests and legacies into a single manageable charity fund. The Trustees are charged with the task of managing the fund and applying the income to the relief of hardship or need to persons resident within the Silverton parish boundary. When those needs are met there is a secondary responsibility to apply the surplus to the general benefit of the parish.
The Trust remains in a satisfactory financial state, and it continues to fulfil the general aims and objectives of the original benefactors in meeting the claims of the needy within the parish. When an application is received and the need established, the Trustees are able to help from the funds available.
The Trust is managed by Trustees, whose names are listed at the end of this report, their appointment being in accordance with the terms of the Trust Deed. The Ex-Officio Trustee is the incumbent of the benefice of St Mary the Virgin, Silverton who was appointed as Rector of the parish in March 2020. There are currently 6 other Trustees and 1 officer (a secretary) who is not a Trustee.
The Trustees held ten meetings in the year 2023.
Finances
Grants in Aid
The Trust currently pays the Mid Devon District Council rent for one personal alarm system; and has installed and maintains two stairlifts. Some examples of grants given were for help with a van repairs to allow a self employed parishioner to continue with his business, car repairs to allow a parishioner to continue to travel to work and support with rent for a parishioner who’s hours had been reduced.
In addition community help was given in grants to the Silverton Evangelical Church to help finance a Youth Worker who is currently running a youth club for the local children and to a local childminder to do Forest School training for the benefit of the village children.
The Future
The Trustees continue to be pro-active in identifying cases of need for assistance and to publicise the trust within parish organisations. There are extensive plans this year to carry out work on the properties in order to update and improve them. Continuing financial restrictions and pressures mean that applications for assistance continue to be received which the Trust has been able to meet. The Trustees continue to enjoy an excellent relationship with the carers and other organisations within the parish, thus helping to maintain a public awareness of the Trust and its purpose within the community.
Jane Isaac
Chair and Trustee
Silverton Parochial Trust: Trustees and additional officers 2023
Mr James Blackburn 24 Fore Street Silverton EX5 4HP
Mr Adrian Bolt 7 Ellerhayes Hele EX5 4PU
Chair Mrs Jane Isaac 24 Silverdale, Silverton EX5 4JF
The Rev’d Paul Kingdom
The Rectory, 21a King Street, Silverton, EX5 4JG
Mrs Sue Tucker 24 Wyndham Road Silverton EX5 4JU
Treasurer Mr Duncan Harrington Leigh Cottage, Leigh Barton Silverton, EX5 4DA
Mrs Vicki Maylan Little Oak, 18 Coach Road Silverton, EX5 4JR
Additional Officers Secretary Sacha Feehan 4 Davies Close Silverton, EX5 4DL
The Silverton Parochial Trust Re8lstered as The Sllverton Parothlal Charlty 201255 2023 Totsl Funds 2022 rotolFimds Recelpts Propèrty and Land Rent COIF Charities Deposrt FLErb COIF Charities Investment Fund National Grfd- Wayleave Totsl Rtteipts 29.0 29.05Q 51 6.797 K7d7 35.872 A88et •nd Investment Saleset P•yments Property Repairs & Maintenance Insurance Administration Property Managernent Fees Grants & Communlty Projects Totsl PaTrts 8.681 1527 2.505 816 3,053 .053 Net Rtt•lpts 19.350 Transfers 8etween Funds Per COIF Charities Deposit Fu1 -I7.XI 17.6 Cath Funds La#Year End 21 Curront Account Depoth Attount Cash FundsThls Yur 23.394 20,0 43394
The Silverton Parochlal Trust Registered as The Silverton Parochial Charity No. 201255 21JZ2 T4xoI Fu,?ds Total FyThls Cash Funds. CurrertA¢cowrt 21394 21.1 Other Monetary Assets COIF Charitie5 Depostt FLFnd 43,394 24.t>14 InvestmertAssets @ year-end ¥al4 COIF Charities Investment Funds:_ Special Rangè IPE) Shares- C03064162aCQI Recoupment Account-C03064163-IKII 237,EA)6 139573 2J6.355 7Jl 377.179 339.691 A55ets Retslned for the Charlvs Use Freehold Prowrties atvaluation 2 High St. Sifverton 5.7. & 9 H¥h St. SiertOn The Orchard,Tuns Lan•. saertOn aose Altotrnents. Skni rton 160.0 375.1X 375.D)J 563.C UabllltEes 983573 Signed by one ortwo Trustees on bèhalfof all thÈ Tr[ee5 Signare Prtnt Name Dateof hpproval
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner s Report Report to the trusteesl SILVERTON PAROCHIAL TRUST On ati(iunts fvrthé year ended Charfty no lif any) 31 DECEMBER 2023 201255 Sot out on pages I report to the trustees on my axamination of the ac(x)unts of the alyjve chaiity {Ihe Trusf) for the year endj 31 Dmber 2023 Responsibililies and As the drity trusiees of the Trust. you are responsible for the preparation basls of report of the attounts in accordan with the requirements of the Chafities Act 2011 (Yhe Acr). I report in resFd of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have ft)Ilowed the applicable Direcons given by the Chanty Commission under section 145{5)(b) of the A¢1. I have u)mpleted my examination. I confirm that no material matters have Come to rny attention (other than that disdosed beltrbv J in connection with the examination which gives me cause to bdieve that in, any material Independent examinerfs statement aca)unting records were not kept in accordance with seclK>n 130 of the Aci or the accounts do n( accord with the accounting rerdS I have no COnmS and have come across no other matters in connection with the examination to which attention $IUld be drawn in order to enable a proper understanding of the accounts to reathed. . Please delete th8 wonys in the brn(ets rfthey do not apply. Stgned: Name: DAVID MORRIS Relevant professional (If any): Address: Section B Disclosure Only complete rf the examiner needs to high1ht matters of concem (see CC32, Independent examination of charity aX)urrts. directions and guidance for examiners). IER October 2018
Glv• h•ro briof dotaus of any item5 that the examlner wishes to dlsclose. IER October 2018
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of SILVERTON PAROCHIAL TRUST On acc(iunts fvr the yéar ended Charlty no (rfany) 31 DECEMBER 2023 201255 Sot out on pag85 I wort to the trustees on my examination of the accounts of the above charity (Ihe for the year ended 31 December 2023 Responsibilities and As the drIty trustees of the Trust. you are res¥Onsie forthe preparation bash of report of the aL¥X)unts in XX)rd8nce with the requirements of the Chatilies Act 2011 (Ihe A¢). I report in respect of my examirhqtion of the Trusfs accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the aPIcable Directions given by the Charity Commission under section 145(5)(b) of the Ad. I have completed my examination. I confirni that no material matt8rs have come to my attention (other than thai disdosed below ry in connection with the examination which gives me cause to believe that in. any material Indep8nd8nt examinerfs ststement ac¢ounttng re(x)rds vRre not kept in accordance ith section 130 of the Act or the accounts do not xcord with the accounting records I have no conM$ and have come [055 no other matters in connection with the examination to which attention should be dravm in order to enable a proper understafvjing of the accounts to be reached. . Please (klete wonts in the brad(ets rfU7ey do not apply. slgned: Date: Name: DAVID MORRIS Relevant professional (If any): Addr•ss: p4f)MThh E..fyts Section B Disclosure Only complete rf the examiner nS to highlight matters of concem (see CC32. IndeperKl8nt examination of charity accounts: direciions and guidance for examiners). IER October 2018
Gl¥• Iw• byiot dotsib of any Items that the examiner wishes to discloso. IER October 2018