## MARY PARMINTER CHARITY
## ANNUAL REPORT OF TRUSTEES
## Year ending 30.06 2022
## PART 1: THE CHARITY
The Charity is controlled by a Charity Commission Scheme dated 24 January 2012 (ref 851/1112) amended May 2017, and is Registered Charity No. 210057. The Incorporation of the Trustees of the Mary Parminter Charity was sealed on 28[th] October 1993.
Details of the structure of the Charity and its Officers and Advisers are set out on page 2 of the Accounts.
The Charity was founded under a Trust Deed of 1813 by Jane and Mary Parminter then living at A La Ronde, Exmouth (now a National Trust property). In 1811 they completed a building on part of their estate situated in Summer Lane, Exmouth, consisting of a Chapel, School and Almshouses in the middle of a 3-acre field known as Point-in-View. There was one building containing the Chapel, Schoolroom (closed in 1901) and 4 tiny almshouses for “poor spinsters of not less than 50 years and of good character and possessed of some independent means”. Provision was also made for the appointment and payment of a Chaplain to care for the residents and lead worship at the Chapel.
A manse was built in 1829 as a residence for the Chaplain and is occupied by the current Chaplain who also has oversight of the properties and exercises pastoral care to the almswomen. Services of Worship are held every Sunday morning in the Chapel.
In 1969 it was decided that the old almshouses needed to be replaced to meet modern housing standards and three new bungalows were erected with two further bungalows built in 1977. The four dwellings within the original building were reduced to two with shared facilities and in 1996 these were converted into a single dwelling, plus a Community Room and kitchen attached to the Chapel, with a toilet for the disabled in the out-building. The work was completed in 1997.
There is no longer an age limit attached to residence, but preference is still given to older single women in need of housing and with limited financial means. The Charity is a member of the Almshouses Association and the management of the properties is in keeping with the guidelines issued by the Association.
## PART 2: THE ACCOUNTS
The Accounts are in a format required to comply with the Charities Act 2011 and the Regulations of 2005 and 2008 for a Charity with under £250,000 annual income and for Receipts and Payments Accounting. The Trustees maintain two separate funds, the General Fund (unrestricted) which may under the Scheme be applied as appropriate “in furthering the objects of the charity”, and the Housing Fund (restricted) which is used for the maintenance and repair of the residential properties. Capital investments are managed by the investment management company CCLA.
The General Fund relates to the provision of the Chapel building for worship and the Manse for the resident Chaplain, along with the payment of an honorarium to the Chaplain. There is an ERF (Extraordinary Repair Fund) for the Chapel and Manse which at 30.06.2022 had a market value of £150,000 and a Maintenance and Administration Fund with a market value of £86,667 (page 9). During the year, major improvements were carried out on the Manse, including secondary glazing and installation of an air source heat pump as well as repairs to the roof and damp treatment work. Secondary glazing was also installed in the chapel. Total repairs & maintenance costs amounted to £25,767.
The Housing Fund relates solely to the provision of almshouse accommodation and is required to be selfsupporting and non-profit-making. The Housing Fund has an ERF which at 30.06.2022 had a market value of £100,000 and a Maintenance and Administration Fund with a market value of £79,088 (page 9). Repairs and Maintenance of the housing accommodation were carried out during the year at a cost of £11,550, with a further £3,465 for gardening and site maintenance.
Separate funds are generated by the members of the Church congregation for the running costs of the chapel and its worship, and for the related expenses of the Chaplain. The Church accounts are attached as an appendix to the Charity accounts.
RESIDENTS: All cottages are occupied.
ACTIVITIES: The Trustees have continued their policy of maintaining and improving the cottages, and supporting the Church community.
TRUSTEES: There was one change to the Trustees during the course of the year, with the retirement of Mrs Margaret Blake.
## _Signed:_
CHAIR: _Iain R McDonald_ Revd Iain McDonald CLERK: S C Brain Mrs Sheila Brain
25 October 2022
## **THE CHARITY OF MARY PARMINTER**
## **REGISTERED CHARITY NO. 210057**
## **ACCOUNTS**
## **FOR THE YEAR ENDED**
**30 JUNE 2022**
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES
OF THE MARY PARMXNTER TRUST- REG. CHARrrY NO: 210057
Report on the accounts of the charlty for the year ended 30 June 2022 &8 set out on pages 3 - 10
Respective responsibilities of the truslees and the examiDer
The charity's trustees are responsible for the preparation of the Accounts in accordance with the
Charities Act 2011. The trustees consider that an audit is not required under section 144(2) of the Act
and that an independent exatnination is needed. The independent examiner has the reswTrnsibility to
state whether particular matters have Come to their attention.
Basis of Independent examiner's report
The 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
comparison of the accounts presented with those reconls. It also includes consideration of any unusual
iterns or disclosures in the accounts. and seeking explanations from the trustees concerning any such
mallers. The procedures undertaken do not provide all the evidence that would be required in an audiL
and consequently an audit opinion is not expressed.
Ind¢p¢nd¢nt examiner's Statement
In conn¢clion with my examination. no matter rne to my attention
(l) which gives me reasonable cause to believe that in any material respect the Tequirernents
to keep accounting records in accordance viith the 2011 Act" and
to prepare accounts which acconl with the accounting policies and to comply with the
accowiting requirements of the 2011 Act have not been met" or
(2) to which, in my opinioty attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
NAME:
Dr. lan Harr&fon
DATE: 24. 09. 2022
## **SIGNIFICANT INFORMATION**
The Charity was founded under a Trust Deed of 1813 by Jane and Mary Parminter then living at A La Ronde in order that its income be applied in:
1. Paying the stipend and expenses to the Chaplain
2. For the benefit of the residents of the Charity or any of them in such manner as the Trustees think fit.
The Charity is regulated by the Charity Commissioners Scheme dated 24 January 2012, amended 31 January 2017. Registered Number 210057.
## **Officers: as at 30 June 2022**
|Chair:|Revd. Iain McDonald|1 Coastguard Cottages, Dawlish EX7 0BT|
|---|---|---|
|Clerk & Treasurer:|Mrs. Sheila Brain|42 Lovelace Crescent, Exmouth EX8 3PR|
|Trustees|Mr Reg Abbott|16 St Margarets View, Exmouth EX8 5BJ|
||Revd. Michael Diffey|Pontevedra, Exmouth Road, Ebford EX3 0QW|
||Mr Robert Jones|52 Brixington Lane, Exmouth EX8 4JG|
||Miss Pat Kelly|28 Parkside Drive, Exmouth EX8 4LB|
||Mr. David Lee|255 Exeter Road, Exmouth EX8 3NQ|
||Mrs. Ruth Pickard|27 Parkside Drive, Exmouth EX8 4LB|
|Chaplain:|Revd. M. Nicholls|The Manse, Point-in-View, Summer Lane, Exmouth EX8 5BD|
|The Correspondent:|Mrs. Sheila Brain|42 Lovelace Crescent, Exmouth EX8 3PR|
|Bankers:|Nat. West Bank PLC|94 High Street, Honiton, Devon. EX14 1JL|
|Independent Examiner:|Dr Ian Harrison|21 Barton Close, Exton, Exeter, Devon EX3 0PE|
|Solicitor:|WBW Solicitors|9 Southernhay West, Exeter, Devon EX1 1JG|
|Situation:||Point-in-View, Summer Lane, Exmouth EX8 5BD|
|Telephone:||Chaplain 01395 260178 The Correspondent 01395 279937|
## **Trustees’ responsibility for the Accounts**
Charity Law requires the Trustees to prepare Statements of Account for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources for that period. In preparing those Financial Statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- Prepare the Financial Statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue in operation;
- To value assets and liabilities in accordance with the Statement of Recommended Practice Accounting by Charities (SORP)
The Trustees are responsible for keeping proper accounting records, which are sufficient to show and explain the Charity’s transactions and to disclose with reasonable accuracy at any time the financial position of the Association, and to enable them to ensure that any statements of account comply with the requirements for the Statement of Recommended Practice - Accounting and Reporting by Charities 2005 (SORP) and the Charities (Accounts and Reports) regulations 2008.
They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
2
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER STATEMENT OF ASSETS AND LIABILITIES AT 30 JUNE 2022**
|
**Note**
Freehold Property
4
Investments
5
Cash at Bank and in Hand
**Represented By:**
Income Funds
Restricted
Unrestricted
_Notes: (a): Housing Fund = £ 179,088 (see p9)_
_Freehold property = £ 14,848 see p8 )_
_Cash at bank =£ 9,961_
£_203,897_
_(b): General Fund = £ 236,667 (see p9)_
_Cash at bank =£ 5,795_
_£242,462_|**2022**
**2021**
**£**
**£**
14,848
14,848
415,755 412,411
15,756
8,248
446,359
435,507
======
======
203,897 (a )
169,850
242,462 (b)
265,657
446,359
435,507
**=**=====
**=**=====|
|---|---|
## **NOTES**
1.There were no known contingent liabilities at 30[th] June 2022 2.There were no capital commitments at 30[th] June 2022
These Financial Statements were approved by the Trustees on 25 _October 2022_
and signed on their behalf by:
(Chair) _Iain R McDonald_
(Trustee ) R J Abbott
3
**THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30[TH] JUNE 2022**
|||**General**|**Housing**|**Total**|**2021**|
|---|---|---|---|---|---|
||**Note**|**Fund**|**Fund**|||
|**Receipts**||||||
|Dividends & Interest|2|14.351||14,351|14,098|
|Wayleave (BT phone line)||37|--|37|37|
|Residents Contributions|||35,992|35,992|27,840|
|Sale of Investments||10,000||10,000|10,000|
|Transfer from Housing||12,000||12,000|10,000|
|Sundries||___-|---|-|340|
|||**36,388**|**35,992**|**72,380**|**62,315**|
|||----------|----------||----------|
|**Payments**||||||
|Management Costs|3|35,587|17,286|52,873|75,765|
|Transfer to General||---|12,000|12,000|10,000|
|||______|______|______|______|
|||**35,587**|**29,286**|**60,873**|**85,765**|
|**Surplus (Deficit)**||**801**|**6,706**|**7,507**|**(23,450)**|
|||**=====**|**=====**|**=====**|**=====**|
4
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
## **1. ACCOUNTING POLICIES**
**Basis of Accounting.** The statement of accounts has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities 2005 and the Charities (Accounts and Reports) regulations 2008.
The Accounts are prepared on a receipt and payment basis under section 133 of the Charities Act 2011. An examination is carried out under section 145(1) of the Charities Act 2011, but section 144(1) (audit) of the Charities Act 2011 does not apply.
**Gifts in Kind.** The Charity receives the benefit of work carried out by volunteers, and receives the use of facility and equipment without charge; no value is placed on these items.
**Taxation.** As a registered Charity, the Association benefits from Rates relief and is generally exempt from Income Tax and Capital Gains Tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
**Investments.** Investments are stated at market value.
## **2. INVESTMENT INCOME ( DIVIDENDS AND INTEREST)**
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|CCLA COIF Charity Funds|||
|Property Fund|7,043|6,540|
|Ethical Fund|7,308|7,558|
||T**otal 14,351**|**14,098**|
5
## **INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
|**3.MANAGEMENT AND ADMINISTRATION COSTS**
**GENERAL FUND**
Chaplain / Manager Honorarium
Chaplain expenses (new laptop)
Telephone/broadband
Insurance
Council Tax
Water Rates
Christmas Gifts
Administration & Sundry Expenses (website fee)
Church garden redesign and planting
Church Organ refurbishment
Maintenance: Church and Manse (see schedule p7)
**Total**
**HOUSING FUND**
Insurance
Garden
Garden Shed
Concessionary TV licences (delayed payment 2022)
Subscriptions (Almshouse Assn + Housing Ombudsman)
Transfer to General
No 7 Council Tax
No 7 Electricity bill
Refund to Jane Chubb (overpaid monthly charge)
Administration
Property Maintenance (see schedule p7)
**Total**|**2022**
**£**
5,520
---
360
1,046
2,395
169
300
30
---
---
25,767
**35,587**
1,229
1,989
1,476
---
267
12,000
182
14
505
74
11,550
**29,286**|
|---|---|
6
**THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
|Cont....
**MANAGEMENT AND ADMINISTRATION COSTS**
**Property repairs and maintenance**
**GENERAL FUND**
**repairs & maintenance to Church, Manse and grounds**
Manse Boiler heating oil
Manse windows deposit
Planning permission fees
Manse extractor fans
Manse roof tiles
Manse mould treatment
Manse side trench + gravel
Manse deposit on heat pump
Holiday let (during Manse work) : deposit
Chapel door repair and paint
Summerhouse
Wash house water main
Chapel: lock for organ
Chapel vault: pump repair + clear drain
Chapel roof
Chapel deposit on windows
Washroom/toilet
Chubb Fire extinguisher maintenance
**HOUSING FUND**
**repairs & maintenance to cottages**
No 4 windows secondary glazing
Misc external work
No 1 window repair
No 2 heating service
EPC certificates
No 4 hot water tank + valve
Misc items (inc No 4 external light)
Fences and gates + No 7 shed
No 3 kitchen floor
No 7 new oven
Gatepost in meadow + outhouse roof repair
No 3 leakage
No 6 mould removal and repaint
General rubbish clearance
Septic Tank empty x 2
Drain blockages|**2022**
**£**
1,831
4,958
258
864
1,304
720
809
4,528
2,085
389
558
451
47
182
416
6,145
48
174
**25,767**
5,216
1,159
115
81
420
185
1,122
851
86
520
111
79
305
140
370
790
**11,550**|
|---|---|
7
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
Cont....
|**4.**|**TANGIBLE FIXED ASSETS**
Cost
Balance at 1 July 2021
Balance at 30 June 2022
Housing Association Grant
Balance at 1 July 2021
Balance at 30 June 2022
Net Book Value at 30 June 2021
Net Book Value at 30 June 2022|**Freehold Land and Buildings**|
|---|---|---|
|||
£
29,747
--------
29,747
_____
14,899
---------
14,899
_____
14,848
=====
14,848
=====|
Cottages 1,2 and 3 were built in 1969 at a cost of £9,092 and were financed partly from internal funding and partly from an interest free loan from the Charity’s General Fund out of a gift from the Devon and Cornwall Congregational Union.
Cottage 4 was part of the original endowment and created by the amalgamation of original almshouses 4 & 5.
Cottages 6 and 7 were built in 1978 at a cost of £20,655 and were financed by a loan from East Devon District Council (now repaid) and partly from a grant of £14,899 from the Department of the Environment and partly from an interest free loan from the Charity’s General Trust Fund out of a gift from the Devon and Cornwall Congregational Union.
Note: The Charity has no legal right to dispose of the properties other than by transfer to another charity at the nominal book value, representing original costs less the Housing Association Grant (which might have to be re-paid). Any proposal for sale must be in consultation with the Charity Commission with the expectation that sale proceeds are used for the re-provision of almshouses.
:
8
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
Cont…
|**5. INVESTMENTS**
**2022**
**Price**
**Value**
**GENERAL FUND**
**p**
**£**
**No of shares**
88,894.15 COIF Ethical Investment Fund (2021)
85,559.93 COIF Ethical Investment Fund (2022) 276.61
236,667
**Allocated to:**
A)
Extraordinary Repair Fund
150,000
B) Cyclical Maintenance Fund
86,667
**General Fund Total**
**236,667**
**HOUSING FUND**
**No of shares**
125,767.13 COIF Charity Property Fund (2021) 137.44
172,854
COIF Charities Deposit Fund
6,234
179,088
**Allocatged to:**
A)
Extraordinary Repair Fund
100,000
B)
Cyclical Maintenance Fund
79,088
**Housing Fund Total**
**179,088**
**TOTAL**
**415,755**|**2021**
**Value**
**£**
260,664
150,000
110,664
**260,664**
145,525
6,222
100,000
51,747
**151,747**
**412,411**|
|---|---|
9
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
**Con’t…**
## **SUMMARY OF FUNDS**
|**Investments**|**2022**|**2021**|
|---|---|---|
|General Trust (Extraordinary Repair Fund)|150,000|150,000|
|General Fund (maintenance)|86,667|110,644|
|Housing Fund (Extraordinary Repair Fund)|100,000|100,000|
|Housing Fund (maintenance)|79,088|51,747|
||----------|----------|
|**Total**|**415,755**|**412,411**|
||**========**|**========**|
10
APPENDIX
POINT4N-VIEW CHURCH
STATEAIENT OF ASSETS AND UABIUTIES AT 30.06.%22
Bank Balafi as at 20.06.2022
£17,230.10
Bank Balan as at 30.(.2021
£19,393.
Les$ thequ8s not yet w8s8nted
Less theque5 not presented
£17.230.
219 39196
COIF cwo8ItAccount
22112022
Balanc8 clf
Balance df
£9.75&13
Interest
Interesl
Balan(* 8130 June 2022
Igailled £ 17.921
77&82
Balance at 30 Jwe 2021
(gained £.771
COIF Managed Fund
2020r2021
202012021
lfiitial investment 9 January 2014
Vatue 81 30 Jun8 2022
(knss £1098.25
£20,000.
lftitial investment 9 January2014
Value at 30 June 2021
19ained £6553.58)
£20,000.00
£42 869.88
NOTE.. These accounts aTe wepared On the"Recaipis & Payment$. basis and compty wilh the
apptvpriate18gal requirernents.
Treasurer
R Abbolt
POINT4N-WEW CHURCH ACCOUNTS FOR YEAR ENDING 30.6.2022
RECEIPTS and PAYMENTS ACCOUNT
RECEIPTS
202112022
202012021
Offerings (including £875 Charity Aid Found.)
Tax Refund 2021122
Tax Refund for 202112022 {will
app8ar in 202212023 accounts)
Visitors Boxes and donations
£8,369.
£1.229.08
£5,059 70
£1,061.75
£12.30
PE
AL EVENTS
£9,610.38
£6,121.45
Gift Day
Weddirwjs
Concert
Funeral
£200.00
£50.00
£32.50
00.
£82.50
IN MEMORIAM
Miss Sheila Midgley
DapM& Hammond
£5,000.00
£500.00
£500.00
£5,(.00
MISCELLANEOUS
VAT Refund for organ repair cost
£393.60
£393.60
£10,703.98
£11,203.95
Net receipts for year
Cash Balance at 3016 last year
Balan as al 30106 this year
-£1,895.07
£19,393.96
£17.230.10
-£8,955.08
£28,349.04
£19.393.98
PAYMENTS
202112022
IthNISTrY
EXF¥ & PULDII wlies arvj
£921.84
£3,554.34
£3,554.34
Is
£1,421.84
ION&
£1CKI.ry)
£121X).(K)
£1.32&
URC Ministy & Mission
Shelter Box Trust
£40.(K)
£4(K).
£250.00
£15.LKI
Small Pilgrtin places
En¥)race the Middle East
rj
itish Red Cr088 (Ulwain8}
£4,365.00
£3.1&5.
CteanirvJ
£1LKJ.LKI
£162.CKI
£156.fK)
£786.29
Churth e1oLtW Bulb Enorgy
t)8humidlf
£1,CW.31
£216.08
£11.160.00
£210.CMJ
Shift it W05te (£72 + £EA)>
£1,684.31
£15.198.40
Is
ELLANEO
Duplic*ing & ots &Jpon8es
£475.16
£121.79
£210.IXI
CCLI
Tert ¢tharps £189 + £1430
FuTrJfilor
£112.(Kl
£1.619.00
£70.IXI
.£40
£61.65
£2.
Cheque 081
MFG Otkny St Mary
ICS Cheque C2
£10.98
£io.ao
£1
605
## **THE CHARITY OF MARY PARMINTER**
## **REGISTERED CHARITY NO. 210057**
## **ACCOUNTS**
## **FOR THE YEAR ENDED**
**30 JUNE 2022**
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES
OF THE MARY PARMXNTER TRUST- REG. CHARrrY NO: 210057
Report on the accounts of the charlty for the year ended 30 June 2022 &8 set out on pages 3 - 10
Respective responsibilities of the truslees and the examiDer
The charity's trustees are responsible for the preparation of the Accounts in accordance with the
Charities Act 2011. The trustees consider that an audit is not required under section 144(2) of the Act
and that an independent exatnination is needed. The independent examiner has the reswTrnsibility to
state whether particular matters have Come to their attention.
Basis of Independent examiner's report
The 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
comparison of the accounts presented with those reconls. It also includes consideration of any unusual
iterns or disclosures in the accounts. and seeking explanations from the trustees concerning any such
mallers. The procedures undertaken do not provide all the evidence that would be required in an audiL
and consequently an audit opinion is not expressed.
Ind¢p¢nd¢nt examiner's Statement
In conn¢clion with my examination. no matter rne to my attention
(l) which gives me reasonable cause to believe that in any material respect the Tequirernents
to keep accounting records in accordance viith the 2011 Act" and
to prepare accounts which acconl with the accounting policies and to comply with the
accowiting requirements of the 2011 Act have not been met" or
(2) to which, in my opinioty attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
NAME:
Dr. lan Harr&fon
DATE: 24. 09. 2022
## **SIGNIFICANT INFORMATION**
The Charity was founded under a Trust Deed of 1813 by Jane and Mary Parminter then living at A La Ronde in order that its income be applied in:
1. Paying the stipend and expenses to the Chaplain
2. For the benefit of the residents of the Charity or any of them in such manner as the Trustees think fit.
The Charity is regulated by the Charity Commissioners Scheme dated 24 January 2012, amended 31 January 2017. Registered Number 210057.
## **Officers: as at 30 June 2022**
|Chair:|Revd. Iain McDonald|1 Coastguard Cottages, Dawlish EX7 0BT|
|---|---|---|
|Clerk & Treasurer:|Mrs. Sheila Brain|42 Lovelace Crescent, Exmouth EX8 3PR|
|Trustees|Mr Reg Abbott|16 St Margarets View, Exmouth EX8 5BJ|
||Revd. Michael Diffey|Pontevedra, Exmouth Road, Ebford EX3 0QW|
||Mr Robert Jones|52 Brixington Lane, Exmouth EX8 4JG|
||Miss Pat Kelly|28 Parkside Drive, Exmouth EX8 4LB|
||Mr. David Lee|255 Exeter Road, Exmouth EX8 3NQ|
||Mrs. Ruth Pickard|27 Parkside Drive, Exmouth EX8 4LB|
|Chaplain:|Revd. M. Nicholls|The Manse, Point-in-View, Summer Lane, Exmouth EX8 5BD|
|The Correspondent:|Mrs. Sheila Brain|42 Lovelace Crescent, Exmouth EX8 3PR|
|Bankers:|Nat. West Bank PLC|94 High Street, Honiton, Devon. EX14 1JL|
|Independent Examiner:|Dr Ian Harrison|21 Barton Close, Exton, Exeter, Devon EX3 0PE|
|Solicitor:|WBW Solicitors|9 Southernhay West, Exeter, Devon EX1 1JG|
|Situation:||Point-in-View, Summer Lane, Exmouth EX8 5BD|
|Telephone:||Chaplain 01395 260178 The Correspondent 01395 279937|
## **Trustees’ responsibility for the Accounts**
Charity Law requires the Trustees to prepare Statements of Account for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources for that period. In preparing those Financial Statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- Prepare the Financial Statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue in operation;
- To value assets and liabilities in accordance with the Statement of Recommended Practice Accounting by Charities (SORP)
The Trustees are responsible for keeping proper accounting records, which are sufficient to show and explain the Charity’s transactions and to disclose with reasonable accuracy at any time the financial position of the Association, and to enable them to ensure that any statements of account comply with the requirements for the Statement of Recommended Practice - Accounting and Reporting by Charities 2005 (SORP) and the Charities (Accounts and Reports) regulations 2008.
They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
2
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER STATEMENT OF ASSETS AND LIABILITIES AT 30 JUNE 2022**
|
**Note**
Freehold Property
4
Investments
5
Cash at Bank and in Hand
**Represented By:**
Income Funds
Restricted
Unrestricted
_Notes: (a): Housing Fund = £ 179,088 (see p9)_
_Freehold property = £ 14,848 see p8 )_
_Cash at bank =£ 9,961_
£_203,897_
_(b): General Fund = £ 236,667 (see p9)_
_Cash at bank =£ 5,795_
_£242,462_|**2022**
**2021**
**£**
**£**
14,848
14,848
415,755 412,411
15,756
8,248
446,359
435,507
======
======
203,897 (a )
169,850
242,462 (b)
265,657
446,359
435,507
**=**=====
**=**=====|
|---|---|
## **NOTES**
1.There were no known contingent liabilities at 30[th] June 2022 2.There were no capital commitments at 30[th] June 2022
These Financial Statements were approved by the Trustees on 25 _October 2022_
and signed on their behalf by:
(Chair) _Iain R McDonald_
(Trustee ) R J Abbott
3
**THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30[TH] JUNE 2022**
|||**General**|**Housing**|**Total**|**2021**|
|---|---|---|---|---|---|
||**Note**|**Fund**|**Fund**|||
|**Receipts**||||||
|Dividends & Interest|2|14.351||14,351|14,098|
|Wayleave (BT phone line)||37|--|37|37|
|Residents Contributions|||35,992|35,992|27,840|
|Sale of Investments||10,000||10,000|10,000|
|Transfer from Housing||12,000||12,000|10,000|
|Sundries||___-|---|-|340|
|||**36,388**|**35,992**|**72,380**|**62,315**|
|||----------|----------||----------|
|**Payments**||||||
|Management Costs|3|35,587|17,286|52,873|75,765|
|Transfer to General||---|12,000|12,000|10,000|
|||______|______|______|______|
|||**35,587**|**29,286**|**60,873**|**85,765**|
|**Surplus (Deficit)**||**801**|**6,706**|**7,507**|**(23,450)**|
|||**=====**|**=====**|**=====**|**=====**|
4
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
## **1. ACCOUNTING POLICIES**
**Basis of Accounting.** The statement of accounts has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities 2005 and the Charities (Accounts and Reports) regulations 2008.
The Accounts are prepared on a receipt and payment basis under section 133 of the Charities Act 2011. An examination is carried out under section 145(1) of the Charities Act 2011, but section 144(1) (audit) of the Charities Act 2011 does not apply.
**Gifts in Kind.** The Charity receives the benefit of work carried out by volunteers, and receives the use of facility and equipment without charge; no value is placed on these items.
**Taxation.** As a registered Charity, the Association benefits from Rates relief and is generally exempt from Income Tax and Capital Gains Tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
**Investments.** Investments are stated at market value.
## **2. INVESTMENT INCOME ( DIVIDENDS AND INTEREST)**
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|CCLA COIF Charity Funds|||
|Property Fund|7,043|6,540|
|Ethical Fund|7,308|7,558|
||T**otal 14,351**|**14,098**|
5
## **INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
|**3.MANAGEMENT AND ADMINISTRATION COSTS**
**GENERAL FUND**
Chaplain / Manager Honorarium
Chaplain expenses (new laptop)
Telephone/broadband
Insurance
Council Tax
Water Rates
Christmas Gifts
Administration & Sundry Expenses (website fee)
Church garden redesign and planting
Church Organ refurbishment
Maintenance: Church and Manse (see schedule p7)
**Total**
**HOUSING FUND**
Insurance
Garden
Garden Shed
Concessionary TV licences (delayed payment 2022)
Subscriptions (Almshouse Assn + Housing Ombudsman)
Transfer to General
No 7 Council Tax
No 7 Electricity bill
Refund to Jane Chubb (overpaid monthly charge)
Administration
Property Maintenance (see schedule p7)
**Total**|**2022**
**£**
5,520
---
360
1,046
2,395
169
300
30
---
---
25,767
**35,587**
1,229
1,989
1,476
---
267
12,000
182
14
505
74
11,550
**29,286**|
|---|---|
6
**THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
|Cont....
**MANAGEMENT AND ADMINISTRATION COSTS**
**Property repairs and maintenance**
**GENERAL FUND**
**repairs & maintenance to Church, Manse and grounds**
Manse Boiler heating oil
Manse windows deposit
Planning permission fees
Manse extractor fans
Manse roof tiles
Manse mould treatment
Manse side trench + gravel
Manse deposit on heat pump
Holiday let (during Manse work) : deposit
Chapel door repair and paint
Summerhouse
Wash house water main
Chapel: lock for organ
Chapel vault: pump repair + clear drain
Chapel roof
Chapel deposit on windows
Washroom/toilet
Chubb Fire extinguisher maintenance
**HOUSING FUND**
**repairs & maintenance to cottages**
No 4 windows secondary glazing
Misc external work
No 1 window repair
No 2 heating service
EPC certificates
No 4 hot water tank + valve
Misc items (inc No 4 external light)
Fences and gates + No 7 shed
No 3 kitchen floor
No 7 new oven
Gatepost in meadow + outhouse roof repair
No 3 leakage
No 6 mould removal and repaint
General rubbish clearance
Septic Tank empty x 2
Drain blockages|**2022**
**£**
1,831
4,958
258
864
1,304
720
809
4,528
2,085
389
558
451
47
182
416
6,145
48
174
**25,767**
5,216
1,159
115
81
420
185
1,122
851
86
520
111
79
305
140
370
790
**11,550**|
|---|---|
7
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
Cont....
|**4.**|**TANGIBLE FIXED ASSETS**
Cost
Balance at 1 July 2021
Balance at 30 June 2022
Housing Association Grant
Balance at 1 July 2021
Balance at 30 June 2022
Net Book Value at 30 June 2021
Net Book Value at 30 June 2022|**Freehold Land and Buildings**|
|---|---|---|
|||
£
29,747
--------
29,747
_____
14,899
---------
14,899
_____
14,848
=====
14,848
=====|
Cottages 1,2 and 3 were built in 1969 at a cost of £9,092 and were financed partly from internal funding and partly from an interest free loan from the Charity’s General Fund out of a gift from the Devon and Cornwall Congregational Union.
Cottage 4 was part of the original endowment and created by the amalgamation of original almshouses 4 & 5.
Cottages 6 and 7 were built in 1978 at a cost of £20,655 and were financed by a loan from East Devon District Council (now repaid) and partly from a grant of £14,899 from the Department of the Environment and partly from an interest free loan from the Charity’s General Trust Fund out of a gift from the Devon and Cornwall Congregational Union.
Note: The Charity has no legal right to dispose of the properties other than by transfer to another charity at the nominal book value, representing original costs less the Housing Association Grant (which might have to be re-paid). Any proposal for sale must be in consultation with the Charity Commission with the expectation that sale proceeds are used for the re-provision of almshouses.
:
8
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
Cont…
|**5. INVESTMENTS**
**2022**
**Price**
**Value**
**GENERAL FUND**
**p**
**£**
**No of shares**
88,894.15 COIF Ethical Investment Fund (2021)
85,559.93 COIF Ethical Investment Fund (2022) 276.61
236,667
**Allocated to:**
A)
Extraordinary Repair Fund
150,000
B) Cyclical Maintenance Fund
86,667
**General Fund Total**
**236,667**
**HOUSING FUND**
**No of shares**
125,767.13 COIF Charity Property Fund (2021) 137.44
172,854
COIF Charities Deposit Fund
6,234
179,088
**Allocatged to:**
A)
Extraordinary Repair Fund
100,000
B)
Cyclical Maintenance Fund
79,088
**Housing Fund Total**
**179,088**
**TOTAL**
**415,755**|**2021**
**Value**
**£**
260,664
150,000
110,664
**260,664**
145,525
6,222
100,000
51,747
**151,747**
**412,411**|
|---|---|
9
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
**Con’t…**
## **SUMMARY OF FUNDS**
|**Investments**|**2022**|**2021**|
|---|---|---|
|General Trust (Extraordinary Repair Fund)|150,000|150,000|
|General Fund (maintenance)|86,667|110,644|
|Housing Fund (Extraordinary Repair Fund)|100,000|100,000|
|Housing Fund (maintenance)|79,088|51,747|
||----------|----------|
|**Total**|**415,755**|**412,411**|
||**========**|**========**|
10
APPENDIX
POINT4N-VIEW CHURCH
STATEAIENT OF ASSETS AND UABIUTIES AT 30.06.%22
Bank Balafi as at 20.06.2022
£17,230.10
Bank Balan as at 30.(.2021
£19,393.
Les$ thequ8s not yet w8s8nted
Less theque5 not presented
£17.230.
219 39196
COIF cwo8ItAccount
22112022
Balanc8 clf
Balance df
£9.75&13
Interest
Interesl
Balan(* 8130 June 2022
Igailled £ 17.921
77&82
Balance at 30 Jwe 2021
(gained £.771
COIF Managed Fund
2020r2021
202012021
lfiitial investment 9 January 2014
Vatue 81 30 Jun8 2022
(knss £1098.25
£20,000.
lftitial investment 9 January2014
Value at 30 June 2021
19ained £6553.58)
£20,000.00
£42 869.88
NOTE.. These accounts aTe wepared On the"Recaipis & Payment$. basis and compty wilh the
apptvpriate18gal requirernents.
Treasurer
R Abbolt
POINT4N-WEW CHURCH ACCOUNTS FOR YEAR ENDING 30.6.2022
RECEIPTS and PAYMENTS ACCOUNT
RECEIPTS
202112022
202012021
Offerings (including £875 Charity Aid Found.)
Tax Refund 2021122
Tax Refund for 202112022 {will
app8ar in 202212023 accounts)
Visitors Boxes and donations
£8,369.
£1.229.08
£5,059 70
£1,061.75
£12.30
PE
AL EVENTS
£9,610.38
£6,121.45
Gift Day
Weddirwjs
Concert
Funeral
£200.00
£50.00
£32.50
00.
£82.50
IN MEMORIAM
Miss Sheila Midgley
DapM& Hammond
£5,000.00
£500.00
£500.00
£5,(.00
MISCELLANEOUS
VAT Refund for organ repair cost
£393.60
£393.60
£10,703.98
£11,203.95
Net receipts for year
Cash Balance at 3016 last year
Balan as al 30106 this year
-£1,895.07
£19,393.96
£17.230.10
-£8,955.08
£28,349.04
£19.393.98
PAYMENTS
202112022
IthNISTrY
EXF¥ & PULDII wlies arvj
£921.84
£3,554.34
£3,554.34
Is
£1,421.84
ION&
£1CKI.ry)
£121X).(K)
£1.32&
URC Ministy & Mission
Shelter Box Trust
£40.(K)
£4(K).
£250.00
£15.LKI
Small Pilgrtin places
En¥)race the Middle East
rj
itish Red Cr088 (Ulwain8}
£4,365.00
£3.1&5.
CteanirvJ
£1LKJ.LKI
£162.CKI
£156.fK)
£786.29
Churth e1oLtW Bulb Enorgy
t)8humidlf
£1,CW.31
£216.08
£11.160.00
£210.CMJ
Shift it W05te (£72 + £EA)>
£1,684.31
£15.198.40
Is
ELLANEO
Duplic*ing & ots &Jpon8es
£475.16
£121.79
£210.IXI
CCLI
Tert ¢tharps £189 + £1430
FuTrJfilor
£112.(Kl
£1.619.00
£70.IXI
.£40
£61.65
£2.
Cheque 081
MFG Otkny St Mary
ICS Cheque C2
£10.98
£io.ao
£1
605