OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

Trustees’ Annual Report for the period

From 1[st] January 2024 To

31[st] December 2024

Charity name: Richard Hicks

Charity registration number:

202543

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To apply clear income toward repair and
maintenance of the Parish Church in
Towcester and in maintaining divine
service there
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 Payments totalling £28,045.00 as follows:
£28,045.00 to cover part of the Parish
Share paid by the Towcester Parochial
Church Council for St Lawrence Church
(being 80% of income under the
calculation method agreed by the
Trustees.
No funds were transferred out of income
to the Special Reserve Fund in 2024.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The above payment was deemed by the
Trustees to be for public benefit by
contributing towards maintenance of the
Church and divine service

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The main achievements of the Charity are
those identified above and have assisted
in maintaining divine service at the
Parish Church in Towcester.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 During the year the Charity received
income from its COIF investments of
£31,574 plus £3,682 being interest from
the deposit and special reserve accounts.
The total net assets (including Special
Reserve)
increased
by
£29,019
to
£1,148,259.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Special Reserve Fund is to provide
for
future
maintenance
and
improvements
to
the
structure
and
fixtures and fittings of St Lawrence
Church Towcester to which the Trustees
decide to contribute and which cannot be
met from the Charity’s annual income
Amount of reserves held Para 1.22 Total Net Assets in Special Reserve Fund
as at 31/12/24 of £110,647.
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Charity Commissioners’ Scheme
How is the charity
constituted?
(e.g. unincorporated
association, CIO)		 Para 1.25 Unincorporated association

Reference and Administrative details

Charity name RICHARD HICKS
Other name the charity uses -
Registered charity number 202543
Charity’s principal address 27 Kipling Drive
Towcester
Northants
NN12 6QY

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Grahame
Blanchard		 Secretary
Alan Gilbert
Mrs Christine
Linda Johns		 Nominative Trustee
appointed by the Parochial
Church Council of the
Ecclesiastical Parish of
Towcester
Brian William John
Manning		 Vice-Chairman
Rev Paula Ella
Challen		 Ex-officio Trustee in the
capacity as the incumbent of
the Benefice of Towcester,
Caldecote, Easton Neston,
Greens Norton and Bradden
Phillip Mansell
Dr John Robert
Sunderland		 Chairman
Peter John Morris Nominative Trustee
appointed by the Parochial
Church Council of the
Ecclesiastical Parish of
Towcester

Corporate trustees – names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Declarations

The trustees declare that they have approved the trustees’ report above.

Sl8naturelsl Full n3melsl 6A*p¢t<>ML Posthon Vi PqAIrtrnA 5&£L-fArtY frt Date

Independent examlneffs report on th8 accounts Reponfotrts￿ mEmLrnof CHARD WCKS nul4farryi y1"D￿5)n￿r2[04 yÈminÈ Ifaw￿lsunth t¢(￿￿ 145ofthBGhanlle# ALI thew1¢idutes18￿ In thewerolOlw￿Q￿ tyth• cD3idYC￿n￿Is￿ 145(5ILb)aliMaChllnbobAEt.r•J toiaieY4MMpwikLl&r ￿￿￿(o￿t￿My￿1lth￿￿. 1•of5r￿a￿t INs1itt¢wceminB￿YsI￿thaty￿rS ThepixEduTe5 ￿d￿ria￿￿￿Orl 011theE¥KIETriceifAtw￿￿I¢tsp r¢yuIredTrbaL￿lrt. an¢ Indep•nd•nt InCOr￿￿￿￿￿hMY1￿￿￿alK￿n. 1 any 130dt 2 iothck ' Plgas9dele1et￿. qL1￿C￿lIDr4sIQrbU￿Y 41 &

RICHARD HICKS CHARITY

Statement of Accounts for the year ended 31[st] . December, 2024

General Account

General Account
Payments (£) Receipts (£) Total (£) 2024 Total (£) 2023
Opening Balance 34,735.20 36,250.61
Transfers to Lloyds Bank (28,045.00) (28,045.00) (33,720.00)
Transfer to Special Reserve (0.00) (0.00) (0.00)
Interest from Deposit Fund 1,502.95 1,502.95 1,066.78
Income from Investments 31,573.94 31,573.94 31,137.81
Closing Balance 39,767.09 34,735.20

Special Reserve Account

Payments (£) Receipts (£) Total (£) 2024 Total (£) 2023
Opening Balance 42,538.69 40,752.72
Transfer from General Account 0.00 0.00 0.00
Transfer to Lloyds Bank 0.00 0.00 0.00
Special Reserve Interest 2,179.48 2,179.48 1,785.97
Closing Balance 44,718.17 42,538.69

Lloyds Bank

Payments (£) Receipts (£) Total (£) 2024 Total (£) 2023
Opening Balance 210.99 210.99
Transfers from General Account 28,045.00 28,045.00 33,720.00
Hire of Meeting Room (0.00) (0.00) (0.00) (0.00)
Maintenance of Church Services (28,045.00) (28,045.00) (31,793.00)
Expenses (0.00) (0.00) (0.00)
Fixed wire electrical test (0.00) (0.00) (0.00)
Bellringers (0.00) (0.00) (0.00)
Church roof (0.00) (0.00) (1,719.00)
Crypt fan (0.00) (0.00) (208.00)
Closing Balance 210.99 210.99

INCOME FROM INVESTMENTS

Total (£) 2024 Total (£) 2023
February Income from COIF Investment Income Fund 6,536.77 6,536.77
Income from COIF Property Fund 1,272.20 1,272.20
May Income from COIF Investment Income Fund 6,536.77 6,436.79
Income from COIF Property Fund 1,420.77 1,420.77
August Income from COIF Investment Income Fund 6,536.77 6,436.79
Income from COIF Property Fund 1,290.77 1,253.62
November Income from COIF Investment Income Fund 6,689.12 6,527.25
Income from COIF Property Fund 1,290.77 1,253.62
31,573.94 31,137.81

INTEREST FROM DEPOSIT ACCOUNTS

Total (£) 2024 Total (£) 2023
January Interest from COIF Deposit Account 152.05 92.80
Interest from COIF Special Reserve 186.19 104.32
February Interest from COIF Deposit Account 152.23 101.91
Interest from COIF Special Reserve 186.42 114.56
March Interest from COIF Deposit Account 143.46 104.51
Interest from COIF Special Reserve 174.36 116.59
April Interest from COIF Deposit Account 186.12 125.58
Interest from COIF Special Reserve 186.51 133.19
May Interest from COIF Deposit Account 129.31 35.52
Interest from COIF Special Reserve 180.43 136.10
June Interest from COIF Deposit Account 66.89 39.40
Interest from COIF Special Reserve 187.32 147.34
July Interest from COIF Deposit Account 96.66 67.35
Interest from COIF Special Reserve 181.11 149.51
August Interest from COIF Deposit Account 99.95 74.73
Interest from COIF Special Reserve 187.31 165.88
September Interest from COIF Deposit Account 99.56 80.81
Interest from COIF Special Reserve 182.66 177.03
October Interest from COIF Deposit Account 125.06 111.88
Interest from COIF Special Reserve 175.94 176.57
November Interest from COIF Deposit Account 128.52 117.16
Interest from COIF Special Reserve 180.81 184.91
December Interest from COIF Deposit Account 123.14 115.13
Interest from COIF Special Reserve 170.42 179.97
3,682.43 2,852.75

RECONCILIATION STATEMENT

General
Account		 Special
Reserve		 Lloyds Bank Total (£) 2024 Total (£) 2023
Opening
Balances		 34,735.20 42,538.69 210.99 77,484.88 77,214.32
Transfers Out (28,045.00) (0.00) (0.00) (28,045.00) (33,720.00)
Payments 0.00 0.00 (28,045.00) (28,045.00) (33,720.00)
Interest 1,502.95 2,179.48 0.00 3,682.43 2,852.75
Investment
Income		 31,573.94 0.00 0.00 31,573.94 31,137.81
Transfers In 0.00 0.00 28,045.00 28,045.00 33,720.00
Closing
Balances		 39,767.09 44,718.17 210.99 84,696.25 77,484.88

Schedule of COIF Investments and their values at 31[st] December 2024

Total (£) 2024 Total (£) 2023
47,609.39 units in Investment Income Fund 966,152 944,808
92,861.00 units in Property Fund 97,411 96,947
Total 1,063,563 1,041,755

There were no purchase or sale transactions conducted during 2024.

Summary of acquisitions in COIF Investments:

Initial purchase of units on closure of HSBC Investments in November 2000.

Investment Income Fund

30/11/2000 48,494.39 units purchased for £551,315 (General Account) 27/10/2005 5,233.25 units sold for £ 50,000 (General Account) 28/09/2017 3,483.95 units purchased for £ 50,220 (General Account) 28/09/2017 864.30 units purchased for £ 12,458 (Special Reserve) Total 47,609.39 £563,993 (Special Reserve = 1.82% of units)

Property Fund

27/10/2005 38,250.05 units purchased for £ 50,000 (General Account) 31/03/2006 8,525.29 units purchased for £ 11,700 (General Account) 26/03/2015 17,705.38 units purchased for £ 20,000 (Special Reserve) 28/09/2017 28,380.28 units purchased for £ 33,750 (Special Reserve)

Total 92,861.00 £115,450 (Special Reserve = 49.63% of units)

RICHARD HICKS CHARITY

Balance Sheet as at 31[st] . December, 2024

General
Funds		 Special
Reserve		 Total (£)
2024		 Total (£)
2023
Fixed Assets
Investments (Notes 1) 997,634.00 65,929.00 1,063,563.00 1,041,755.00
Total Fixed Assets 997,634.00 65,929.00 1,063,563.00 1,041,755.00
Current Assets
Cash at Bank (Lloyds) 210.99 0.00 210.99 210.99
Bank Deposits (COIF) 39,767.09 44,718.17 84,485.26 77,273.89
Total Current Assets 39,978.08 44,718.17 84,696.25 77,484.88
Current Liabilities
Amounts falling due
in less than one year (Note
2)		 0.00 0.00 0.00 0.00
Net Current Assets 39,978.08 44,718.17 84,696.25 77,484.88
Total Assets less Current
Liabilities		 1,037,612.08 110,647.17 1,148,259.25 1,119,239.88
Amounts falling due
after more than one year		 0.00 0.00 0.00 0.00
Total Net Assets 1,037,612.08 110,647.17 1,148,259.25 1,119,239.88

Note 1. Valuation as per CCLA mid-market value at 31/12/2024. Note 2. No amounts fell due in less than one year as at 31/12/2023 or 31/12/2024.

RICHARD HICKS CHARITY

Statement of Financial Activity Year ended 31[st] . December, 2024

General
Funds		 General
Funds		 General
Funds		 Special
Reserve		 Special
Reserve		 Special
Reserve		 Total (£)
2024		 Total (£)
2024		 Total (£)
2024		 Total (£)
2023		 Total (£)
2023		 Total (£)
2023
Incoming Resources
Deposit Interest 1,502.95 2,179.48 3,682.43 2,852.75
COIF Investments 31,573.94 0.00 31,573.94 31,137.81
From General Account 0.00 0.00 0.00 0.00
Total Income 33,076.89 2,179.48 35,256.37 33,990.56
Outgoing Payments
Funding for Bellringers (0.00) (0.00) (0.00) (0.00)
Church electrical test (0.00) (0.00) (0.00) (0.00)
Repairs to church roof (0.00) (0.00) (0.00) (1,719.00)
New crypt fan (0.00) (0.00) (0.00) (208.00)
Maintenance of Church
Services
Organist’s Honorarium (0.00) (0.00) (0.00) (0.00)
Upkeep of Services (0.00) (0.00) (0.00) (0.00)
Administration Expenses (0.00) (0.00) (0.00) (0.00)
Church Cleaning (0.00) (0.00) (0.00) (0.00)
Church Ins + utilities (0.00) (0.00) (0.00) (0.00)
Parish Share (28,045.00) (0.00) (28,045.00) (31,793.00)
Administration
Reimbursement of costs (0.00) (0.00) (0.00) (0.00)
Stationery/photocopying (_0.00)_ (0.00) (0.00) (0.00)
Hire of Meeting Room (0.00) (0.00) (0.00) (0.00)
Total Payments (28,045.00) (0.00) (28,045.00) (33,720.00)
To Special Reserve 0.00 0.00 0.00 0.00
COIF Investments 0.00 0.00 0.00 0.00
Movement in resources 5,031.89 2,179.48 7,211.37 270.56
Add current assets b/fwd
from previous year		 34,946.19 42,538.69 77,484.88 77,214.32
Total current assets at
31.12.2024		 39,978.08 44,718.17 84,696.25 77,484.88

NB Maintenance of Church Services takes into account the agreed calculation method based on Parish Share only.

Independent examlneffs report on th8 accounts Reponfotrts￿ mEmLrnof CHARD WCKS nul4farryi y1"D￿5)n￿r2[04 yÈminÈ Ifaw￿lsunth t¢(￿￿ 145ofthBGhanlle# ALI thew1¢idutes18￿ In thewerolOlw￿Q￿ tyth• cD3idYC￿n￿Is￿ 145(5ILb)aliMaChllnbobAEt.r•J toiaieY4MMpwikLl&r ￿￿￿(o￿t￿My￿1lth￿￿. 1•of5r￿a￿t INs1itt¢wceminB￿YsI￿thaty￿rS ThepixEduTe5 ￿d￿ria￿￿￿Orl 011theE¥KIETriceifAtw￿￿I¢tsp r¢yuIredTrbaL￿lrt. an¢ Indep•nd•nt InCOr￿￿￿￿￿hMY1￿￿￿alK￿n. 1 any 130dt 2 iothck ' Plgas9dele1et￿. qL1￿C￿lIDr4sIQrbU￿Y 41 &

RICHARD HICKS CHARITY

Statement of Accounts for the year ended 31[st] . December, 2024

General Account

General Account
Payments (£) Receipts (£) Total (£) 2024 Total (£) 2023
Opening Balance 34,735.20 36,250.61
Transfers to Lloyds Bank (28,045.00) (28,045.00) (33,720.00)
Transfer to Special Reserve (0.00) (0.00) (0.00)
Interest from Deposit Fund 1,502.95 1,502.95 1,066.78
Income from Investments 31,573.94 31,573.94 31,137.81
Closing Balance 39,767.09 34,735.20

Special Reserve Account

Payments (£) Receipts (£) Total (£) 2024 Total (£) 2023
Opening Balance 42,538.69 40,752.72
Transfer from General Account 0.00 0.00 0.00
Transfer to Lloyds Bank 0.00 0.00 0.00
Special Reserve Interest 2,179.48 2,179.48 1,785.97
Closing Balance 44,718.17 42,538.69

Lloyds Bank

Payments (£) Receipts (£) Total (£) 2024 Total (£) 2023
Opening Balance 210.99 210.99
Transfers from General Account 28,045.00 28,045.00 33,720.00
Hire of Meeting Room (0.00) (0.00) (0.00) (0.00)
Maintenance of Church Services (28,045.00) (28,045.00) (31,793.00)
Expenses (0.00) (0.00) (0.00)
Fixed wire electrical test (0.00) (0.00) (0.00)
Bellringers (0.00) (0.00) (0.00)
Church roof (0.00) (0.00) (1,719.00)
Crypt fan (0.00) (0.00) (208.00)
Closing Balance 210.99 210.99

INCOME FROM INVESTMENTS

Total (£) 2024 Total (£) 2023
February Income from COIF Investment Income Fund 6,536.77 6,536.77
Income from COIF Property Fund 1,272.20 1,272.20
May Income from COIF Investment Income Fund 6,536.77 6,436.79
Income from COIF Property Fund 1,420.77 1,420.77
August Income from COIF Investment Income Fund 6,536.77 6,436.79
Income from COIF Property Fund 1,290.77 1,253.62
November Income from COIF Investment Income Fund 6,689.12 6,527.25
Income from COIF Property Fund 1,290.77 1,253.62
31,573.94 31,137.81

INTEREST FROM DEPOSIT ACCOUNTS

Total (£) 2024 Total (£) 2023
January Interest from COIF Deposit Account 152.05 92.80
Interest from COIF Special Reserve 186.19 104.32
February Interest from COIF Deposit Account 152.23 101.91
Interest from COIF Special Reserve 186.42 114.56
March Interest from COIF Deposit Account 143.46 104.51
Interest from COIF Special Reserve 174.36 116.59
April Interest from COIF Deposit Account 186.12 125.58
Interest from COIF Special Reserve 186.51 133.19
May Interest from COIF Deposit Account 129.31 35.52
Interest from COIF Special Reserve 180.43 136.10
June Interest from COIF Deposit Account 66.89 39.40
Interest from COIF Special Reserve 187.32 147.34
July Interest from COIF Deposit Account 96.66 67.35
Interest from COIF Special Reserve 181.11 149.51
August Interest from COIF Deposit Account 99.95 74.73
Interest from COIF Special Reserve 187.31 165.88
September Interest from COIF Deposit Account 99.56 80.81
Interest from COIF Special Reserve 182.66 177.03
October Interest from COIF Deposit Account 125.06 111.88
Interest from COIF Special Reserve 175.94 176.57
November Interest from COIF Deposit Account 128.52 117.16
Interest from COIF Special Reserve 180.81 184.91
December Interest from COIF Deposit Account 123.14 115.13
Interest from COIF Special Reserve 170.42 179.97
3,682.43 2,852.75

RECONCILIATION STATEMENT

General
Account		 Special
Reserve		 Lloyds Bank Total (£) 2024 Total (£) 2023
Opening
Balances		 34,735.20 42,538.69 210.99 77,484.88 77,214.32
Transfers Out (28,045.00) (0.00) (0.00) (28,045.00) (33,720.00)
Payments 0.00 0.00 (28,045.00) (28,045.00) (33,720.00)
Interest 1,502.95 2,179.48 0.00 3,682.43 2,852.75
Investment
Income		 31,573.94 0.00 0.00 31,573.94 31,137.81
Transfers In 0.00 0.00 28,045.00 28,045.00 33,720.00
Closing
Balances		 39,767.09 44,718.17 210.99 84,696.25 77,484.88

Schedule of COIF Investments and their values at 31[st] December 2024

Total (£) 2024 Total (£) 2023
47,609.39 units in Investment Income Fund 966,152 944,808
92,861.00 units in Property Fund 97,411 96,947
Total 1,063,563 1,041,755

There were no purchase or sale transactions conducted during 2024.

Summary of acquisitions in COIF Investments:

Initial purchase of units on closure of HSBC Investments in November 2000.

Investment Income Fund

30/11/2000 48,494.39 units purchased for £551,315 (General Account) 27/10/2005 5,233.25 units sold for £ 50,000 (General Account) 28/09/2017 3,483.95 units purchased for £ 50,220 (General Account) 28/09/2017 864.30 units purchased for £ 12,458 (Special Reserve) Total 47,609.39 £563,993 (Special Reserve = 1.82% of units)

Property Fund

27/10/2005 38,250.05 units purchased for £ 50,000 (General Account) 31/03/2006 8,525.29 units purchased for £ 11,700 (General Account) 26/03/2015 17,705.38 units purchased for £ 20,000 (Special Reserve) 28/09/2017 28,380.28 units purchased for £ 33,750 (Special Reserve)

Total 92,861.00 £115,450 (Special Reserve = 49.63% of units)

RICHARD HICKS CHARITY

Balance Sheet as at 31[st] . December, 2024

General
Funds		 Special
Reserve		 Total (£)
2024		 Total (£)
2023
Fixed Assets
Investments (Notes 1) 997,634.00 65,929.00 1,063,563.00 1,041,755.00
Total Fixed Assets 997,634.00 65,929.00 1,063,563.00 1,041,755.00
Current Assets
Cash at Bank (Lloyds) 210.99 0.00 210.99 210.99
Bank Deposits (COIF) 39,767.09 44,718.17 84,485.26 77,273.89
Total Current Assets 39,978.08 44,718.17 84,696.25 77,484.88
Current Liabilities
Amounts falling due
in less than one year (Note
2)		 0.00 0.00 0.00 0.00
Net Current Assets 39,978.08 44,718.17 84,696.25 77,484.88
Total Assets less Current
Liabilities		 1,037,612.08 110,647.17 1,148,259.25 1,119,239.88
Amounts falling due
after more than one year		 0.00 0.00 0.00 0.00
Total Net Assets 1,037,612.08 110,647.17 1,148,259.25 1,119,239.88

Note 1. Valuation as per CCLA mid-market value at 31/12/2024. Note 2. No amounts fell due in less than one year as at 31/12/2023 or 31/12/2024.

RICHARD HICKS CHARITY

Statement of Financial Activity Year ended 31[st] . December, 2024

General
Funds		 General
Funds		 General
Funds		 Special
Reserve		 Special
Reserve		 Special
Reserve		 Total (£)
2024		 Total (£)
2024		 Total (£)
2024		 Total (£)
2023		 Total (£)
2023		 Total (£)
2023
Incoming Resources
Deposit Interest 1,502.95 2,179.48 3,682.43 2,852.75
COIF Investments 31,573.94 0.00 31,573.94 31,137.81
From General Account 0.00 0.00 0.00 0.00
Total Income 33,076.89 2,179.48 35,256.37 33,990.56
Outgoing Payments
Funding for Bellringers (0.00) (0.00) (0.00) (0.00)
Church electrical test (0.00) (0.00) (0.00) (0.00)
Repairs to church roof (0.00) (0.00) (0.00) (1,719.00)
New crypt fan (0.00) (0.00) (0.00) (208.00)
Maintenance of Church
Services
Organist’s Honorarium (0.00) (0.00) (0.00) (0.00)
Upkeep of Services (0.00) (0.00) (0.00) (0.00)
Administration Expenses (0.00) (0.00) (0.00) (0.00)
Church Cleaning (0.00) (0.00) (0.00) (0.00)
Church Ins + utilities (0.00) (0.00) (0.00) (0.00)
Parish Share (28,045.00) (0.00) (28,045.00) (31,793.00)
Administration
Reimbursement of costs (0.00) (0.00) (0.00) (0.00)
Stationery/photocopying (_0.00)_ (0.00) (0.00) (0.00)
Hire of Meeting Room (0.00) (0.00) (0.00) (0.00)
Total Payments (28,045.00) (0.00) (28,045.00) (33,720.00)
To Special Reserve 0.00 0.00 0.00 0.00
COIF Investments 0.00 0.00 0.00 0.00
Movement in resources 5,031.89 2,179.48 7,211.37 270.56
Add current assets b/fwd
from previous year		 34,946.19 42,538.69 77,484.88 77,214.32
Total current assets at
31.12.2024		 39,978.08 44,718.17 84,696.25 77,484.88

NB Maintenance of Church Services takes into account the agreed calculation method based on Parish Share only.