ST MARY'S {DEVIZES) CHURCH AND POORLANDS CHARITY ACCOUIYTS FOR THE YEAR EIYDED 31 DECEMBER 2024 Charity Number: 201342
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY YEAR ENDED 31 DECEMBER 2024 Contents Charity Inforniation Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY CHARITY INFORMATION Trustees Mr I Sault (Chainnan) Mr A Sheppard Mrs A Cross Mr R Simpson Mr I Brown Mr P Morgan Charity Number 201342 Clerk to the Trustees Charity Offices Miss Lois Linsley 2 Winchcombe Avenue Devizes Wiltshire SN102QX Accountants The Alanbrookes Group Ltd Tla J S Weeks & Co l O Market Place Devizes Wiltshire SNIO EHT Main Bankers HSBC 45 Market Place Devizes Wiltshire SNIO IHZ
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY Trustees, Annual Report for the year ended 31 December 2024 The Trustecs present their report together with the financial statements of St Marys and Poorlands Charity for the year ended 31 December 2024. Objectives and Activities The Charity s objective is to provide independent living accommodation and support for people over the age of 60 within the community of Devizes. The Charity achieves this through the provision of affordable housing, maintenance of safe and comfortable living enviromnents, and engagernent with local services and welfare providers. Public Benefit The Trustees confirn] that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to ihe Charity Commission's guidance on public benefit. Achievemcnts and Performance During the year, the Charity Lontinued to provide accommodation and support to residents at St Marys Gardens. The Trustees have overseen maintenance projects. improvements to facilities, and resident engag7ement initiatives to enhance wellbeing and independence. Financial Review The Charity's income during the year was £143,513, and expenditure amounted to £114,291. The resulting sury)lus for the year was £29,222. Reserves at the year-end totalled £3,620,948, which the Trustees consider satisfactory to meet the Charity's obligations and planned activities. Reserves Policy The Trustees aim to maintain free reserves sufficient to cover at least six months of op¢rating costs and any foreseeable maintenance expenditure. Plans for the Future The Charity plans to continue maintaining high-quality accommodation for residents and to explore opportunities for energy efficiency, community engagement, and partnership with local support services. Structure, Governance and Management St Marys and Poorlands Charity is governed by its charitable trust deed. Trustees are appointed in accordance with the governing document, and mcctings arc hcld regularly to oversee management and operations. Risk Management The Trustees hav¢ considered the major risks to which the Charity is exposed, particularly in relation to govemance, health and safety, and property maintenance. Systems have been established to mitigate these risks as far as reasonably possible. Approved by the Trustees on 20 August 2025 and signed on their behalf by: Chainnan
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY Report of the Independent Examiner To The Trustees of St Mary's (Devizes) Church and Poor Lands Charity I report on the accounts of the Charity for th¢ ycar ended 31 December 2024, which are set out on pages 4 to Respective Responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144{2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. It is my responsibility to:. examine the accounts (under section 145 of the 201 l Act); to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b} of the 2011 Act). and to state whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a coinparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosurcs in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and conscquently I do not express an audit opinion on the view given by the accounts. Independent Examiner's Statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 201 l Act, have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr A Fisher FCA The Alanbrookes Group Ltd - T/A JS Wecks & Co l O Market Place Devizes Wiltshire SNI O I HT Date: _ 23 October 2025
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY Statement of Financial Activities for the year ended 31 December 2024 Repair Funds General Almshouse Fund Branch Total 2023 Notes Incoming Resources Property Income Investment Income Almshouse Contributions 6,170 105,268 6,170 105,268 32,075 18,826 99,607 32,240 2b 32,075 Total Incoming Resources 111,438 32,075 143,513 150,673 Resources Expended Expenditure: Overhead Expenses Church Share 21,237 56,376 36,678 57,915 56,376 68,659 61,448 Total Resources Expended 77,613 36,678 114,291 130,107 Net Income (Expenditure) For The Year 33,825 {4,603) 29,222 20,566 Transfers Between Funds 3,600 {33,825) 30,225 Net Incoming Resources before Recognised Gains and {Losses) 3,600 25,622 29,222 20,566 Other Recognised Gains and (Losses) 112,989 5,767 118,756 86,548 Net Movement of Funds 3,600 112,989 31,389 147,978 107,114 Total Funds Brought Forward 126,180 3,056,510 290,280 3,472,970 3,365,856 Total Funds Carried Forward 129,780 3,169,499 321,669 3,620,948 3,472,970
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY Balance Sheet As at 31 December 2024 2024 2023 Notes Fixed Assets Tangible Assets Investments 478,023 2,773,541 478,023 2,651,185 3,251,564 3,129,208 Current Assets Debtors and Prepayments Balances at Building Society & COIF Deposit Balances at Bank and Cash in Hand 485 547 316,171 90,185 316,171 45,811 406,841 362,529 Creditors: Amounts falling due within one year (37,457) (18,767) 369,384 343,762 Net Assets 3,620,948 3,472,970 Fund Balances General Fund Almshouse Branch Fund 3,169,499 321,669 3,056,510 290,280 3,491,168 3,346,790 Designated Funds General Repairs Fund Almshouse Repairs Fund Almshouse Cyclical Maintenance 3,800 73,692 52,288 3,800 70,092 52,288 129,780 126,180 3,620,948 3,472,970 Approved by the officers on and signed on its behalf. Trustee Trustee The notes on pages 6 to 9 form part of these accounts
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY Notes To the Accounts Year Ended 31 December 2024 Accounting policies Basis of preparation of accounts The accounts are prepared under the historical cost convention. The accounts have been prepared in compliance with Statements of Recommended Practice on Charity Accounts. Tangible Assets The tangiible assets of the charity are Freehold Property. These assets are held at historic cost. Investments All investments are held at market value. Incoming Resources Property Income Rent Outgoings Net 2023 (Net) Oxhouse Field Wayleave 81 Victoria Road 83 Victoria Road 427 31 8,160 10,200 427 31 8,020 (2,308) 427 39 8,160 10,200 (140) (12,508) 18,818 (12,648) 6,170 18,826 2b. Investment Income Repair Funds General Almshouse Fund Fund Total 2023 Nationwide Intcrcst NAACIF Income Shares Brewin Dolphin Portfolio COIF - Depo8it Interest Fixed Interest Fund Property Fund Global Equity Ethical Investments 46,910 20,775 7,469 6,272 6,195 7,478 10,169 46,910 20,775 7,469 6,272 6,195 7,478 10,169 44,015 19,948 6,408 4,240 6,051 10,067 8,878 105,268 105,268 99,607
ST MARY'S (DEVIZES) CItURCH AND POORLANDS CHARITY Notes To the Accounts Year Ended 31 December 2024 Resources Expended Overhead ExpendAture Repair Fund General Almshouse Fund Branch Total 2023 Secretarial Fees Gardener - Wages and Expenses Insurance Water and Sewerage Central Heating and Gas Central Heating Maintenance General Expenses Accountancy Fees Lifeline Expenses Quinquennial Fees Repairs and Maintenance 10,372 4,294 2,664 1,673 10,372 4,294 2,664 1,673 13,252 6,105 1,611 1,320 2,799 9,737 3,087 2,499 1,483 26,193 5,983 2,814 2,076 2,069 13,252 6,105 697 914 1,320 2,799 13,825 13,825 12,718 21,237 36,678 57,915 68,659 Other Recognised Gains & (Losses) Repair Fund General Almshouse Fund Fund Total 2023 Profitl(Loss) on Sale of Shares Proceeds on Sale of Land Revaluation of Investments (see Note 6) 32,336 32,336 (3,018) 80,653 5,767 86,420 89,566 112,989 5,767 118,756 86,548 Tangible Fixed Assets Freehold Property 2024 2023 Freehold Properties: 81 Victoria Road, Devizes 83 Victoria Road, Devizes 251,161 226,862 251,161 226,862 Cost as at 31 December 2024 478,023 478,023
ST MARY'S (DEVIZES) CHURCH AND POORLANDS CHARITY Notes To the Accounts Year Ended 31 December 2024 Investments Market Value of Investments as at 31 December 2024 2023 M&G Charity Fund Income Shares (1158278) M&G Charity Fund Accumulation Shares (5811537) Brewin Dolphin Portfolio COIF Fixed Interest Units (151428) COIF Property Income Units (108045) COIF Global Equity Income Units (155313186693) COIF Ethical Investment Fund Units (97005) 1,096,426 86,163 528,986 190,890 113,340 457,738 299,998 1,040,366 76,796 510,627 185,227 112,799 433,385 291,985 2,773,541 2,651,185 General Almshouse Fund Fund Total 2024 Market Value of Investments as at 31 December 2023 2,574,389 76,796 2,651,185 Add: Investments Purchased Net ProfitJ{Loss} of Disposal of Shares Unrealised Profit (Loss) on Investments 3,600 3,600 32,336 86,420 32,336 80,653 5,767 Market Value of Investments at 31 December 2024 2,687,378 86,163 2,773,541 General Almshouse Fund Fund Total 2023 At Cost M&G Charity Fund Income Shares (1158278) M&G Charity Fund Accumulation Sharcs (5811537) Brewin Dolphin Portfolio 730,023 730,023 730,023 51,685 51,685 503,541 48,085 471,206 503,541 COIF.'_ Fixed Interest Fund (151428) Property Fund Units {108045} Global Equity Fund (155313) Ethical Investtnent Fund (97005) 200,000 121,000 200,000 175,133 200,000 121,000 200,000 175,133 200,000 121,000 200,000 175,133 1,929,697 51,685 1,981,382 1,945,447
ST MARY'S (DEVIZF.S) CHURCH AND POORLANDS CHARITY Notes To The Accounts Year Ended 31 December 2024 Debtors and Prepayments Almshouse Fund Total 2023 Almshouse Contributions Prepayment 485 485 547 485 485 547 Creditors General Almshouse Fund Fund Total 2023 Church Branch 37,457 37,457 18,767 37,457 37,457 18,767 Trustee Remuneration and Related Party Transactions None of the Trustees received any remuneration or reimbursement of expenses during the year. No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity durin&y the year.