## **Trustees’ Annual Report for the period** **From 1[st] January 2025 To** **31[st] December 2025** ## **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 £38,446.00 as follows:**
**£28,446.00 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.**
**£10,000.00 towards quinquennial repairs**
**at St Lawrence Church, Towcester.**
**No funds were transferred out of income**
**to the Special Reserve Fund in 2025.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The above payments were 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**
**£32,311 plus £3,240 being interest from**
**the deposit and special reserve accounts.**
**The total net assets (including Special**
**Reserve)**
**decreased**
**by**
**£47,100**
**to**
**£1,101,159.**| |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 31/12/25 of £112,730.**| |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.** Slgnatur8181 Fyll narnelal Jo N ROBERT SUNDERLAND GRAHAME BLANCHARD Position CHAIRAIAN &TRUSTEE SECRETARY & TRUSTEE Date Independent examiner's report on the accounts Section A Report to the trusteesl memborn of Independent Examln8rfs Report RICHARD HICKS On accounts for the year ended Charity no lilanyl 31* Decernber 2025 202543 Set out on paoes Resp8Ctlve The charity8 trustee5 a￿ res￿n￿￿e for pr¶lion of the a￿o￿nts. r*sptsn$ibillttes of The charity's trustees consider that an audit 1$ not required forthis year trustees and examiTret under section 144 of the Ch¥tities Ad 2011 (the Charities Actl and that an independent examinabon is needed. It is my r&sponsibility to.. examine the accounts under section 145 of the Charitie5 Act, to follow the proeedur&s14id down in the general Directions given by the Charrty Commission (under section 14515llbl of the Chant*É Act. and to slate whether particular matters have come lo My attention. Basls of Indopendent examine￿8 statsment My examination wa5 GaTried out in accordan<￿ wth 98neral Direotson5 gN8n by the Charity c0rnmiss￿n. An examination Includes a review of the 8¢counling rtrcords kept by the charty and a comparison of the accoutrts presented with those ￿GO[￿S. 11 also include5 c￿sideration of any unusual itelns disdosur&8 in the a¢¢ount8. and seeking explanation8 from the trustees concerning any such mattÈr8 The procedures undÈrtaken do not provide all the @Viden￿ that would ￿ required in an audit, and consequenlly no opinion is given as to whetheTthe account5 present 2 Irue and fairf view and th& raport is limited lo thosè matters sel out in the statement beltr￿. Independenl In connection with tny examination, no matter has Come to my attentic •xamln•rfs statsment which 9ives me re•sonaNe (2use to ￿l￿Vethat in. any material T8Sp￿t. the requir*menls'. lo keep accounting records in accordance with secton 130 of the Chanlies Act.. and lo prepare accounts which a¢¢ord with the accounting records and CoM￿Y vAth the accounting requirements of the Ch81Ttw A have not been m&t," or 2. to which. in my opinion. attention shou￿ be drawn In order to enable a proper understanding of the accounts to be re3chèd. . Pl88se delete Ihe W(￿￿5 in lh& br&ckels if they do nol 8pply. Signgd= z+'ftrQ*UK'I IL> Namo: Re￿vant profo88iofial qua1rf6catlonlsl or body Address: 3 6ki1-￿Jitr￿ DKivC- l LL-sfLM , ## **Statement of Accounts for the year ended 31[st] . December, 2025** ## **General Account** |**General Account**||||||||| |---|---|---|---|---|---|---|---|---| |||Payments (£)||Receipts (£)||**Total (£) 2025**||**_Total (£) 2024_**| |**Opening Balance**||||||
**39,767.09**||**_34,735.20_**| |Transfers to Lloyds Bank||(38,446.00)||||(38,446.00)||_(28,045.00)_| |Transfer to Special Reserve||(0.00)||||(0.00)||_(0.00)_| |Interest from Deposit Fund||||1,328.78||1,328.78||_1,502.95_| |Income from Investments||||32,311.17||32,311.17||_31,573.94_| |**Closing Balance**||||||**34,961.04**||**_39,767.09_**| ## **Special Reserve Account** |||Payments (£)||Receipts (£)||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||
**44,718.17**||**_42,538.69_**| |Transfer from General Account||||0.00||0.00||_0.00_| |Transfer to Lloyds Bank||0.00||||0.00||_0.00_| |Special Reserve Interest||||1,911.18||1,911.18||_2,179.48_| |||||||||| |**Closing Balance**||||||**46,629.35**||**_44,718.17_**| ## **Lloyds Bank** |||Payments (£)||Receipts (£)||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||
**210.99**||**_210.99_**| |Transfers from General Account||||38,446.00||38,446.00||_28,045.00_| |Hire of Meeting Room||(0.00)||(0.00)||(0.00)||_(0.00)_| |Maintenance of Church Services||(28,446.00)||||(28,446.00)||_(28,045.00)_| |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)||_(0.00)_| |Crypt fan||(0.00)||||(0.00)||_(0.00)_| |Quinquennial||(10,000.00)||||(10.000.00)||_(0.00)_| |**Closing Balance**||||||**210.99**||**_210.99_**| ## **INCOME FROM INVESTMENTS** ||||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---| |February|Income from COIF Investment Income Fund||6,693.88||_6,536.77_| ||Income from COIF Property Fund||1,300.05||_1,272.20_| ||||||| |May|Income from COIF Investment Income Fund||6,693.88||_6,536.77_| ||Income from COIF Property Fund||1,420.77||_1,420.77_| ||||||| |August|Income from COIF Investment Income Fund||6,693.88||_6,536.77_| ||Income from COIF Property Fund||1,290.77||_1,290.77_| ||||||| |November|Income from COIF Investment Income Fund||6,927.17||_6,689.12_| ||Income from COIF Property Fund||1,290.77||_1,290.77_| ||||**32,311.17**||**_31,573.94_**| ## **INTEREST FROM DEPOSIT ACCOUNTS** ||||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---| |January|Interest from COIF Deposit Account||154.92||_152.05_| ||Interest from COIF Special Reserve||174.19||_186.19_| |February|Interest from COIF Deposit Account||154.83||_152.23_| ||Interest from COIF Special Reserve||174.11||_186.42_| |March|Interest from COIF Deposit Account||137.60||_143.46_| ||Interest from COIF Special Reserve||153.64||_174.36_| |April|Interest from COIF Deposit Account||179.15||_186.12_| ||Interest from COIF Special Reserve||168.04||_186.51_| |May|Interest from COIF Deposit Account||91.13||_129.31_| ||Interest from COIF Special Reserve||161.38||_180.43_| |June|Interest from COIF Deposit Account||73.28||_66.89_| ||Interest from COIF Special Reserve||162.41||_187.32_| |July|Interest from COIF Deposit Account||95.80||_96.66_| ||Interest from COIF Special Reserve||155.17||_181.11_| |August|Interest from COIF Deposit Account||98.38||_99.95_| ||Interest from COIF Special Reserve||159.37||_187.31_| |September|Interest from COIF Deposit Account||84.26||_99.56_| ||Interest from COIF Special Reserve||155.00||_182.66_| |October|Interest from COIF Deposit Account||85.05||_125.06_| ||Interest from COIF Special Reserve||148.31||_175.94_| |November|Interest from COIF Deposit Account||87.45||_128.52_| ||Interest from COIF Special Reserve||152.50||_180.81_| |December|Interest from COIF Deposit Account||86.93||_123.14_| ||Interest from COIF Special Reserve||147.06||_170.42_| ||||||| ||||**3,239.96**||**_3,682.43_**| ## **RECONCILIATION STATEMENT** ||||General
Account||Special
Reserve||Lloyds Bank||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Opening**
**Balances**||**39,767.09**||**44,718.17**||**210.99**||**84,696.25**||**_77,484.88_**| ||Transfers Out||(38,446.00)||(0.00)||(0.00)||(38,446.00)||_(28,045.00)_| ||Payments||0.00||0.00||(38,446.00)||(38,446.00)||_(28,045.00)_| ||Interest||1,328.78||1,911.18||0.00||3,239.96||_3,682.43_| ||Investment
Income||32,311.17||0.00||0.00||32,311.17||_31,573.94_| ||Transfers In||0.00||0.00||38,446.00||38,446.00||_28,045.00_| ||**Closing**
**Balances**||**34,961.04**||**46,629.35**||**210.99**||**81,801.38**||**_84,696.25_**| ## **Schedule of COIF Investments and their values at 31[st] December 2025** |||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---| |47,609.39 units in Investment Income Fund||919,904||_966,152_| |92,861.00 units in Property Fund||99,454||_97,411_| |||||| |**Total**||**1,019,358**||**_1,063,563_**| There were no purchase or sale transactions conducted during 2025. ## **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, 2025** |||General
Funds||Special
Reserve||**Total (£)**
**2025**||**_Total (£)_**
**_2024_**| |---|---|---|---|---|---|---|---|---| |||||||||| |**Fixed Assets**||||||||| |Investments (Notes 1)||953,257.00||66,101.00||1,019,358.00||_1,063,563.00_| |||||||||| |**Total Fixed Assets**||**953,257.00**||**66,101.00**||**1,019,358.00**||**_1,063,563.00_**| |||||||||| |**Current Assets**||||||||| |Cash at Bank (Lloyds)||210.99||0.00||210.99||_210.99_| |Bank Deposits (COIF)||34,961.04||46,629.35||81,590.39||_84,485.26_| |||||||||| |**Total Current Assets**||**35,172.03**||**46,629.35**||**81,801.38**||**_84,696.25_**| |||||||||| |**Current Liabilities**||||||||| |Amounts falling due
in less than one year (Note
2)||0.00||0.00||_0,00_||_0.00_| |||||||||| |**Net Current Assets**||**35,172.03**||**46,629.35**||**81,801.38**||**_84,696.25_**| |||||||||| |**Total Assets less Current**
**Liabilities**||**988,429.03**||**112,730.35**||**1,101,159.38**||**_1,148,259.25_**| |Amounts falling due
after more than one year||0.00||0.00||0.00||_0.00_| |||||||||| |**Total Net Assets**||**988,429.03**||**112,730.35**||**1,101,159.38**||**_1,148,259.25_**| **Note 1.** Valuation as per CCLA mid-market value at 31/12/2025. **Note 2.** No amounts fell due in less than one year as at 31/12/2024 or 31/12/2025. ## **RICHARD HICKS CHARITY** ## **Statement of Financial Activity Year ended 31[st] . December, 2025** ||||General
Funds|General
Funds|General
Funds||Special
Reserve|Special
Reserve|Special
Reserve||**Total (£)**
**2025**|**Total (£)**
**2025**|**Total (£)**
**2025**||**_Total (£)_**
**_2024_**|**_Total (£)_**
**_2024_**|**_Total (£)_**
**_2024_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||| ||**Incoming Resources**||||||||||||||||| ||Deposit Interest||||1,328.78|||1,911.18|||||3,239.96||||3,682.43| ||COIF Investments||||32,311.17|||0.00|||||32,311.17||||31,573.94| ||From General Account||||0.00|||0.00|||||0.00||||0.00| ||**Total Income**||||**33,639.95**|||**1,911.18**|||||**35,551.13**||||**35,256.37**| ||||||||||||||||||| ||**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)||||(0.00)| ||Quinquennial|||(10,000.00)|||||(0.00)|||(10,000.00)|||||(0.00)| ||||||||||||||||||| ||**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|||(28,446.00)|||||(0.00)|||(28,446.00)||||(28,045.00)|| ||||||||||||||||||| ||**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**|||**(38,446.00)**|||||**(0.00)**|||**(38,446.00)**||||**(28,045.00)**|| ||||||||||||||||||| ||To Special Reserve|||0.00|||||0.00|||0.00||||0.00|| ||COIF Investments|||0.00|||||0.00|||0.00||||0.00|| ||||||||||||||||||| ||**Movement in resources**|||**(4,806.05)**||||**1,911.18**||||**(2,894.87)**||||**7,211.37**|| ||Add current assets b/fwd
from previous year|||39,978.08|||44,718,17|||||84,696.25||||77,484.88|| ||**Total current assets at**
**31.12.2025**|||**35,172,03**|||**46,629,35**|||||**81,801.38**||||**84,696.25**|| **NB Maintenance of Church Services takes into account the agreed calculation method based on Parish Share only.** Independent examiner's report on the accounts Section A Report to the trusteesl memborn of Independent Examln8rfs Report RICHARD HICKS On accounts for the year ended Charity no lilanyl 31* Decernber 2025 202543 Set out on paoes Resp8Ctlve The charity8 trustee5 a￿ res￿n￿￿e for pr¶lion of the a￿o￿nts. r*sptsn$ibillttes of The charity's trustees consider that an audit 1$ not required forthis year trustees and examiTret under section 144 of the Ch¥tities Ad 2011 (the Charities Actl and that an independent examinabon is needed. It is my r&sponsibility to.. examine the accounts under section 145 of the Charitie5 Act, to follow the proeedur&s14id down in the general Directions given by the Charrty Commission (under section 14515llbl of the Chant*É Act. and to slate whether particular matters have come lo My attention. Basls of Indopendent examine￿8 statsment My examination wa5 GaTried out in accordan<￿ wth 98neral Direotson5 gN8n by the Charity c0rnmiss￿n. An examination Includes a review of the 8¢counling rtrcords kept by the charty and a comparison of the accoutrts presented with those ￿GO[￿S. 11 also include5 c￿sideration of any unusual itelns disdosur&8 in the a¢¢ount8. and seeking explanation8 from the trustees concerning any such mattÈr8 The procedures undÈrtaken do not provide all the @Viden￿ that would ￿ required in an audit, and consequenlly no opinion is given as to whetheTthe account5 present 2 Irue and fairf view and th& raport is limited lo thosè matters sel out in the statement beltr￿. Independenl In connection with tny examination, no matter has Come to my attentic •xamln•rfs statsment which 9ives me re•sonaNe (2use to ￿l￿Vethat in. any material T8Sp￿t. the requir*menls'. lo keep accounting records in accordance with secton 130 of the Chanlies Act.. and lo prepare accounts which a¢¢ord with the accounting records and CoM￿Y vAth the accounting requirements of the Ch81Ttw A have not been m&t," or 2. to which. in my opinion. attention shou￿ be drawn In order to enable a proper understanding of the accounts to be re3chèd. . Pl88se delete Ihe W(￿￿5 in lh& br&ckels if they do nol 8pply. Signgd= z+'ftrQ*UK'I IL> Namo: Re￿vant profo88iofial qua1rf6catlonlsl or body Address: 3 6ki1-￿Jitr￿ DKivC- l LL-sfLM , ## **Statement of Accounts for the year ended 31[st] . December, 2025** ## **General Account** |**General Account**||||||||| |---|---|---|---|---|---|---|---|---| |||Payments (£)||Receipts (£)||**Total (£) 2025**||**_Total (£) 2024_**| |**Opening Balance**||||||
**39,767.09**||**_34,735.20_**| |Transfers to Lloyds Bank||(38,446.00)||||(38,446.00)||_(28,045.00)_| |Transfer to Special Reserve||(0.00)||||(0.00)||_(0.00)_| |Interest from Deposit Fund||||1,328.78||1,328.78||_1,502.95_| |Income from Investments||||32,311.17||32,311.17||_31,573.94_| |**Closing Balance**||||||**34,961.04**||**_39,767.09_**| ## **Special Reserve Account** |||Payments (£)||Receipts (£)||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||
**44,718.17**||**_42,538.69_**| |Transfer from General Account||||0.00||0.00||_0.00_| |Transfer to Lloyds Bank||0.00||||0.00||_0.00_| |Special Reserve Interest||||1,911.18||1,911.18||_2,179.48_| |||||||||| |**Closing Balance**||||||**46,629.35**||**_44,718.17_**| ## **Lloyds Bank** |||Payments (£)||Receipts (£)||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||
**210.99**||**_210.99_**| |Transfers from General Account||||38,446.00||38,446.00||_28,045.00_| |Hire of Meeting Room||(0.00)||(0.00)||(0.00)||_(0.00)_| |Maintenance of Church Services||(28,446.00)||||(28,446.00)||_(28,045.00)_| |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)||_(0.00)_| |Crypt fan||(0.00)||||(0.00)||_(0.00)_| |Quinquennial||(10,000.00)||||(10.000.00)||_(0.00)_| |**Closing Balance**||||||**210.99**||**_210.99_**| ## **INCOME FROM INVESTMENTS** ||||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---| |February|Income from COIF Investment Income Fund||6,693.88||_6,536.77_| ||Income from COIF Property Fund||1,300.05||_1,272.20_| ||||||| |May|Income from COIF Investment Income Fund||6,693.88||_6,536.77_| ||Income from COIF Property Fund||1,420.77||_1,420.77_| ||||||| |August|Income from COIF Investment Income Fund||6,693.88||_6,536.77_| ||Income from COIF Property Fund||1,290.77||_1,290.77_| ||||||| |November|Income from COIF Investment Income Fund||6,927.17||_6,689.12_| ||Income from COIF Property Fund||1,290.77||_1,290.77_| ||||**32,311.17**||**_31,573.94_**| ## **INTEREST FROM DEPOSIT ACCOUNTS** ||||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---| |January|Interest from COIF Deposit Account||154.92||_152.05_| ||Interest from COIF Special Reserve||174.19||_186.19_| |February|Interest from COIF Deposit Account||154.83||_152.23_| ||Interest from COIF Special Reserve||174.11||_186.42_| |March|Interest from COIF Deposit Account||137.60||_143.46_| ||Interest from COIF Special Reserve||153.64||_174.36_| |April|Interest from COIF Deposit Account||179.15||_186.12_| ||Interest from COIF Special Reserve||168.04||_186.51_| |May|Interest from COIF Deposit Account||91.13||_129.31_| ||Interest from COIF Special Reserve||161.38||_180.43_| |June|Interest from COIF Deposit Account||73.28||_66.89_| ||Interest from COIF Special Reserve||162.41||_187.32_| |July|Interest from COIF Deposit Account||95.80||_96.66_| ||Interest from COIF Special Reserve||155.17||_181.11_| |August|Interest from COIF Deposit Account||98.38||_99.95_| ||Interest from COIF Special Reserve||159.37||_187.31_| |September|Interest from COIF Deposit Account||84.26||_99.56_| ||Interest from COIF Special Reserve||155.00||_182.66_| |October|Interest from COIF Deposit Account||85.05||_125.06_| ||Interest from COIF Special Reserve||148.31||_175.94_| |November|Interest from COIF Deposit Account||87.45||_128.52_| ||Interest from COIF Special Reserve||152.50||_180.81_| |December|Interest from COIF Deposit Account||86.93||_123.14_| ||Interest from COIF Special Reserve||147.06||_170.42_| ||||||| ||||**3,239.96**||**_3,682.43_**| ## **RECONCILIATION STATEMENT** ||||General
Account||Special
Reserve||Lloyds Bank||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Opening**
**Balances**||**39,767.09**||**44,718.17**||**210.99**||**84,696.25**||**_77,484.88_**| ||Transfers Out||(38,446.00)||(0.00)||(0.00)||(38,446.00)||_(28,045.00)_| ||Payments||0.00||0.00||(38,446.00)||(38,446.00)||_(28,045.00)_| ||Interest||1,328.78||1,911.18||0.00||3,239.96||_3,682.43_| ||Investment
Income||32,311.17||0.00||0.00||32,311.17||_31,573.94_| ||Transfers In||0.00||0.00||38,446.00||38,446.00||_28,045.00_| ||**Closing**
**Balances**||**34,961.04**||**46,629.35**||**210.99**||**81,801.38**||**_84,696.25_**| ## **Schedule of COIF Investments and their values at 31[st] December 2025** |||**Total (£) 2025**||**_Total (£) 2024_**| |---|---|---|---|---| |47,609.39 units in Investment Income Fund||919,904||_966,152_| |92,861.00 units in Property Fund||99,454||_97,411_| |||||| |**Total**||**1,019,358**||**_1,063,563_**| There were no purchase or sale transactions conducted during 2025. ## **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, 2025** |||General
Funds||Special
Reserve||**Total (£)**
**2025**||**_Total (£)_**
**_2024_**| |---|---|---|---|---|---|---|---|---| |||||||||| |**Fixed Assets**||||||||| |Investments (Notes 1)||953,257.00||66,101.00||1,019,358.00||_1,063,563.00_| |||||||||| |**Total Fixed Assets**||**953,257.00**||**66,101.00**||**1,019,358.00**||**_1,063,563.00_**| |||||||||| |**Current Assets**||||||||| |Cash at Bank (Lloyds)||210.99||0.00||210.99||_210.99_| |Bank Deposits (COIF)||34,961.04||46,629.35||81,590.39||_84,485.26_| |||||||||| |**Total Current Assets**||**35,172.03**||**46,629.35**||**81,801.38**||**_84,696.25_**| |||||||||| |**Current Liabilities**||||||||| |Amounts falling due
in less than one year (Note
2)||0.00||0.00||_0,00_||_0.00_| |||||||||| |**Net Current Assets**||**35,172.03**||**46,629.35**||**81,801.38**||**_84,696.25_**| |||||||||| |**Total Assets less Current**
**Liabilities**||**988,429.03**||**112,730.35**||**1,101,159.38**||**_1,148,259.25_**| |Amounts falling due
after more than one year||0.00||0.00||0.00||_0.00_| |||||||||| |**Total Net Assets**||**988,429.03**||**112,730.35**||**1,101,159.38**||**_1,148,259.25_**| **Note 1.** Valuation as per CCLA mid-market value at 31/12/2025. **Note 2.** No amounts fell due in less than one year as at 31/12/2024 or 31/12/2025. ## **RICHARD HICKS CHARITY** ## **Statement of Financial Activity Year ended 31[st] . December, 2025** ||||General
Funds|General
Funds|General
Funds||Special
Reserve|Special
Reserve|Special
Reserve||**Total (£)**
**2025**|**Total (£)**
**2025**|**Total (£)**
**2025**||**_Total (£)_**
**_2024_**|**_Total (£)_**
**_2024_**|**_Total (£)_**
**_2024_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||| ||**Incoming Resources**||||||||||||||||| ||Deposit Interest||||1,328.78|||1,911.18|||||3,239.96||||3,682.43| ||COIF Investments||||32,311.17|||0.00|||||32,311.17||||31,573.94| ||From General Account||||0.00|||0.00|||||0.00||||0.00| ||**Total Income**||||**33,639.95**|||**1,911.18**|||||**35,551.13**||||**35,256.37**| ||||||||||||||||||| ||**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)||||(0.00)| ||Quinquennial|||(10,000.00)|||||(0.00)|||(10,000.00)|||||(0.00)| ||||||||||||||||||| ||**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|||(28,446.00)|||||(0.00)|||(28,446.00)||||(28,045.00)|| ||||||||||||||||||| ||**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**|||**(38,446.00)**|||||**(0.00)**|||**(38,446.00)**||||**(28,045.00)**|| ||||||||||||||||||| ||To Special Reserve|||0.00|||||0.00|||0.00||||0.00|| ||COIF Investments|||0.00|||||0.00|||0.00||||0.00|| ||||||||||||||||||| ||**Movement in resources**|||**(4,806.05)**||||**1,911.18**||||**(2,894.87)**||||**7,211.37**|| ||Add current assets b/fwd
from previous year|||39,978.08|||44,718,17|||||84,696.25||||77,484.88|| ||**Total current assets at**
**31.12.2025**|||**35,172,03**|||**46,629,35**|||||**81,801.38**||||**84,696.25**|| **NB Maintenance of Church Services takes into account the agreed calculation method based on Parish Share only.**