## **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 Reponfotr*ts￿ mEmL*rnof CHARD WCKS nul4farryi y1"D￿5)n￿r2[04 yÈminÈ If*aw￿lsunth t¢(￿￿ 145ofthBGhanlle# ALI thew1¢idutes18￿ In thewerolOlw￿Q￿ tyth• cD3idYC￿n￿Is￿ 145(5ILb)aliMaChllnbobAEt.*r•J to*iaieY4MMpwikLl&r ￿￿￿(o￿t￿My￿1lth￿￿. 1•of5r￿a*￿t INs1itt¢wceminB￿YsI￿thaty￿rS ThepixEduTe5 ￿d￿ria￿￿￿Orl 011theE¥KIETriceifAtw￿￿I¢tsp r¢yuIredTrb*aL￿lrt. an¢ Indep•nd•nt InCOr￿￿￿￿￿hMY1￿￿￿alK￿n. 1 any 130dt 2 iothck ' Plgas9dele1et￿. qL*1￿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 Reponfotr*ts￿ mEmL*rnof CHARD WCKS nul4farryi y1"D￿5)n￿r2[04 yÈminÈ If*aw￿lsunth t¢(￿￿ 145ofthBGhanlle# ALI thew1¢idutes18￿ In thewerolOlw￿Q￿ tyth• cD3idYC￿n￿Is￿ 145(5ILb)aliMaChllnbobAEt.*r•J to*iaieY4MMpwikLl&r ￿￿￿(o￿t￿My￿1lth￿￿. 1•of5r￿a*￿t INs1itt¢wceminB￿YsI￿thaty￿rS ThepixEduTe5 ￿d￿ria￿￿￿Orl 011theE¥KIETriceifAtw￿￿I¢tsp r¢yuIredTrb*aL￿lrt. an¢ Indep•nd•nt InCOr￿￿￿￿￿hMY1￿￿￿alK￿n. 1 any 130dt 2 iothck ' Plgas9dele1et￿. qL*1￿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.**