## **Trustees’ Annual Report on Activities in the year 2024** 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 2024. ## **Finances Grants in Aid** The Trust currently pays the Mid Devon District Council rent for one personal alarm system. Some examples of grants given were for help with; 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. ## **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 2024** ## **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 (resigned in April 2025) **Mrs Sue Tucker** 24 Wyndham Road Silverton EX5 4JU ## **Treasurer Mr Duncan Harrington** ??? **Mrs Vicki Maylan** Little Oak, 18 Coach Road Silverton, EX5 4JR **Additional Officers** (Secretary) PJ Wright, Huntley Lodge, Tiverton Road, Silverton, EX5 4JQ SILVERTON PAROCHIAL TRUST Re815tertd as The Silverton Parochlal Charity No. 201255 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 2022 Cash Assets Current Account- Lloyds Bank Deposit Account- COIF Charaities Deposit 36,896.69 20,CrfX).00 23.394.46 21,044.12 3.00D. 56.896.69 Investment Ass￿$ at Year-End Valuation Special Range IPEI Shares Recoupment Account 237,606.24 139,972.83 377,579.07 216.355. 123.33& 226.355.00 123.33&(Q Asstts Retained forthe Charlty's Own Use Freehold Properties at Valuation 2 High Street, Sllverton 5 High StreÈt, Silverton 7 High StrèÈt, Silverton 9 High Street, Sllverton Tuns Lane Allotments Tuns Lène Orchard 160,(K)O.00 125.0m. 125,OCMI. 125,Th)D.00 7,0W. 32.Or￿.￿ S74.￿0. 160.oL￿. 125,CW. 125,OthllJg J25,Lhll. 7,CW.00 32,LW. 1S0,OW. 135,OODOO 125,000.( I25.0￿. 7,GOQ.C tXOO 1,008,475.76 957.055.46 937.735.13 Signed by one or two trustees on behalf of 811 the trustees Signature Print Name Date of Approval C.J. Isaac SILVERTON PAROCHIAL TRUST Registered a5 The Silverton Parochial Charity No. 201255 INCOME AND EXPENDITURE ACCOUNT FOR THE TWELVE MONTHS TO 31 DECEMBER 2024 INCOME Rents Received 2 High sireet, Silverton S High Street, Silverton 7 Hi8h Street, Silverton 9 High Street. Silverton Tun5 L3ne Allotment5 Tuns Lane Orchard 7,230. 7.182. 4.103.05 6,540. 780. 250.￿ 26,085.05 In¥t5tment Incorne COIF Investments COIF Dep051t Attount 6,922.94 i.(x)1.67 7,924.61 Othef Income Nation81 Grid- Wayleave 29.94 29.94 34,039.60 EXPENDITURE Grants and Community Support 8,433.62 Property Repalrs and Malt)tenance 2 High Street, Silverton 5 High Street, Silverton 7 High Street, Silverton 9 High Street. Silverton 547.00 1,825.60 2,188.00 1,749.(x) 6,309.60 Property Management Fees Chase Buchanon 2,792.58 2.792.58 Property Insurance Howden UK Brokers Ltd. 1,862.86 1,862.86 Admlnlstratlon 1,138.71 1,138.71 20,537.37 Income Surplus forthe twelve month$ to 31 December 2024 13.502.23 8alznce of cur￿01 A¢count as at l January 2024 23.394.46 Balance of Current Account as at 31 Decernber 2024 36,896.69 Independent examiner's report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Ind¢p•nd•ni ExamineVs R•port Report to thè trustees memb•r* of SILVERTON PAROCHIAL TRUST On •CCC*unl• fot th• y•ar •nd•d ST 31 DECEMBER 2024 Charlty no Ilf any) 201255 S•¢ out on p•9•• 1to3 R••p•ctlv• rnsponsibllltl•• ol tru•t••s and ox•mln•r The chantys tru51ees are responsible lor the preparation of Ihe account3 The chanty'5 Iruslees consider that an audit 15 not required lor Ihis year under settion IM of the Charilie$ Act 2011 1"th8 Charitie# Act") and tttai an Inoependenl exarninaii¢M Is needed 11 is my re$ponsiknlrty to.. examine the accounis under section 145 01 the Charit￿$ Art. lo follow the wcudure5 lahy down In the genoral Directions given by th• Chanry Commission lundor section 1451Siibl of the Char1t*s Act. and to $iale ¥theiher parti¢uLq¥ matter5 have como lo my attention B•$i$ of independ•nt My examina1￿Thn was Carr￿ out In accofdance with general OireLlion$ gi¥an ex•mtn•rf3 8tat•mont by the Chaniy CL*nmissJon examinaiion Includes a review of the accouniiThJ records kept by the chanty and a comparison of the accounts p￿sented wih those f8cords It also Includes consideraiion of any unusual Itetns or disc1051Jre5 In the accounts. and 58eking explanation$ from the trusTees conceffliNJ any such matters The procedures undertaken ¢Yo no¢ provide all Ihe evklence that would te required In an audil, and conseouent1y no opinKJn Is given as lo wheiher the accounts prgs•nl a and fair View and the report Is Iiffliied 10 those matters set oul In th• staiement bel IER Indepond•nt In connèction vath rny 6x8mination. no maiter has Come to my artention examiner's statement other than that disclosed below 1. which gives me reasonable caus8 to believe that in, any material re8WCt. Ihe requirernent8' to keep accounting records in accordance hwth section 130 of ihÈ Charities Act," and to p￿pare account5 which accord wrth the accounting Tecords and comply wrth the accounting requirements of the Charities Act have not been ffl8t'. or 2. to which, in my opinion, attention should be drawn in order to enable a PIOP8r unLlerstanding of the accounts to be reached. Signed= Date". Nam8: Relevant professional qualificationlsl or body lif anyl.. IA Address.. rJ£4ohl WbL Section B Disclosure have notbeen kept InaecordanGewith$132of theeharities, A¢t201l8nl those accountsdo not¢amply withthe re4uiiementsolthe2008 ReetslationssettinEOUtlhe fomiandcontsThtof¢haDty8¢covnt5',any aitrfal expenditure Drathonwhich appearsnottobe Inaccofdancewith the Iwstsofthecharity,'any failurfrio bepr0￿d8d *ilh Infonnation andaKpl8ThationsbyanYpastoipitsentiru5tee,offi￿rDremWDyee,. and anymatedal¢on5lslen￿ b6t¥yeentheacCo￿N￿a￿d￿ets￿steeS. annu31report.I IER