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2023-06-30-accounts

THE CHARITY OF MARY PARMINTER

REGISTERED CHARITY NO. 210057

ACCOUNTS

FOR THE YEAR ENDED

30 JUNE 2023

IP40EPEP4DEpif EXAMINEWS REpoirr TO THE TRUSTEES OF THE CHAFtiri OF MARY PARMINTER REG. CHARITr NO.. 21￿57 -.ts c4 tre ¢w.i fry tro eTh3e6 36-" luré 2023 as set CVE on 3 . 10 ' the AuDJnts In XC¢ydance ¥th •5 e. LC.:" TrA• t.- - x-tr. L4e fAwa', Girect)ns g.ieri b-i tk.e f￿arrI CGr.:id¥4won '"v. 4erPa¥p- do reqJ.r&ffo-. . nd to cor.p-.I w.,-tr. the & PfC)per underttardir

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 a 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. Andrea McAdam 19 Phillipps Avenue, Exmouth EX8 3HZ Trustees 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 Revd. David Ley 85 Green Close, Exmouth EX8 3QA 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. Andrea McAdam 19 Phillipps Avenue, Exmouth EX8 3HZ 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 265836

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:

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

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
STATEMENT OF ASSETS AND LIABILITIES AT 30 JUNE 2023
2023 2022
Note £ £
Freehold property 4 14,848 14,848
Investments 5 309,340 415,755
Cash at Bank and in Hand 7,845 15,756
332,033 446,359
Represented by Income
funds
Restricted 155,285 (a) 203,897
Unrestricted 176,748 (b) 242,462
332,033 446,359
Note (a)
Housing Fund 137,224 seep9
Freeholdproperty 14,848 seep8
Cash at Bank 3,213
155,285
Note (b)
General Fund _172,116 _ see p9
Cash at Bank 4,632
176,748
NOTES
1. There were no known contingent liabilities at 30th June 2023
2. There were no capital commitments at 30th June 2023
These Financial Statements were approved by the Trustees on 24th October 2023
and signed on their behalf by:
Chair: Iain R McDonald
Trustee:

Chair: Iain R McDonald

Trustee:

3

THE IIICORPOIIATEDTRUSIEES OF THE CHARITY OF MARY PARMINTEH srAIEMEpifoFASSEfSAND UABILMESAT 30JUNE 2023 2022 Note Freehold property Investments Cash at Bank and in Hand 14 14,848 415,755 15,756. 4146,359 7,845 332.033 Rep￿Sented by Income funds Restrirted 155,285 176,748 lal Ibl 203.897 242.462 446,359 Unrestrirted Note luj Housing Fund Freeholdproperty Cosh at8onk 137234 p9 14,848 see p8 3,213 Note Ibj GenernlFund Cosh otBonk IU116 5eep9 NOTES l. There were no known contingent Iwbifrties at 3Othjw￿ 2023 2. The￿ were no capital commibTwts at 3thh June 2023 These Flnancial Statementswere appr￿1 trrfthe Tn￿ ¢Jn 24th October2023 and signed on their behall by.. Chair.. lain R ￿D0Tha1d Trnstee".

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023
Note General
Fund
Housing
Fund
Total 2022
Receipts
Dividend & Interest 2 12,951 12,951 14,351
Wayleave BT Phoneline 37 37 37
Residents' Maintenance
Charge
35,186 35,186 35,992
Sale of Investments 77,281 77,281 10,000
Transfer from General 4,000 4,000
Transfer from Housing 2,000 2,000 12,000
92,269 39,186 131,455 72,380
Payments
Management Costs 3 89,432 43,933 133,365 52,873
Transfer to Housing 4,000 4,000
Transfer to General 2,000 2,000 12,000
93,432 45,933 139,365 64,873
Surplus(Deficit) (1,163) (6,747) (7,910) 7,507

5

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

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)

2023 2022
£ £
CCLA COIF Charity Funds
Property Fund 7,043 7,043
Ethical Fund 5,907 7,308
Total 12,950 14,351

7

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
3. MANAGEMENT AND ADMINISTRATION COSTS 2023 2022
GENERAL FUND £ £
Maintenance Chapel and Manse(see schedulep7) 73,000 25,767
Chaplain honorarium 5,970 5,520
Transfer to Housingfund 4,000
Energy support subsidy to residents 3,000
Administration and Sundry 1,780 30
Council Tax 2,704 2,395
Insurance 1,171 1,046
Manse heatingsubsidy 975
Telephone/Broadband 360 360
Christmas gifts to residents 300 300
Water Rates 161 169
Trustee Expenses 10
Total 93,432 35,587
HOUSING FUND
Maintenance: Cottages 23,987 11,550
Capital expenditure (ventilation system and refurbishment) 12,633
Sundries 4,051
Transfer to General Fund 2,000 12,000
Garden 1,823 1,989
Insurance 1,377 1,229
Subscriptions 62 267
Garden shed 1,476
Refund to Jane Chubb 505
No 7 Council Tax 182
Administration 74
No 7 Electricity bill 14
Total 45,933 29,286

8

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
MANAGEMENT AND ADMINISTRATION COSTS - BREAKDOWN OF MAINTENANCE &
REPAIRS
2023
£
CHAPEL, MANSE AND GROUNDS (FROM GENERAL FUND)
Manse: Kitchen 26,864
Manse: Heatpump 12,722
Manse: Window repairs 12,068
Chapel: Windows 8,303
Miscellaneous 4,391
Rental property during manse refurbishment 2,149
Manse: Doors & hinges 1,155
Chapel: Paintwork 1,142
Manse: Kitchen electrics 894
Manse: Modify drainage 744
Manse: Internal doors 596
Chapel roof andpathways 467
Chapel: Crypt drainage 390
Garage door repair 312
Oil tank removal 294
Gate repairs 290
Gardening 220
Total 73,000
COTTAGES (FROM HOUSING FUND)
No.4 6,137
No.1 4,414
No.2 2,748
Surgeprotectors and test all circuits 2,745
Driveway repairs 2,650
No.3 1,844
No.7 817
No.6 746
Clean all fascias & soffits,gutters 560
Plans and reports plus finishing 400
Empty septic tanks 380
Tap valve, rubbish clearance 147
Wasps nest removal 132
Rubbish clearance 166
Direction sign 58
Extractor fan fuses 42
Total 23,986

9

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Cost
Balance at 1 July 2022
Balance at 30 June 2023
Housing Association Grant
Balance at 1 July 2022
Balance at 30 June 2023
Net Book Value at 30 June 2022
Net Book Value at 30 June 2023
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 repaid). 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.

:

10

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
5. INVESTMENTS
No. of
Shares
Shareprice 2023 2022
p £ £
General Fund
COIF Ethical Investment Fund 85,559.93 276.61 236,667
COIF Ethical Investment Fund 60,816.30 283.01 172,116
Allocated to:
ExtraordinaryRepair Fund 72,116 150,000
Cyclical Maintenance Fund 100,000 86,667
172,116 236,667
Housing Fund
COIF Charity Property Fund 125,767.1
3
137.44 172,854
COIF Charity Property Fund 125,767.1
3
109.11 137,224
COIF Charities Deposit Fund 6,234
Allocated to:
ExtraordinaryRepair Fund 100,000 100,000
Cyclical Maintenance Fund 37,224 79,008
137,224 179,008
TOTAL 309,340 415,755

11

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
SUMMARY OF FUNDS
2023 2022
£ £
Investments
General Fund (Extraordinary Repair Fund) 72,116 150,000
General Fund (Cyclical Maintenance Fund) 100,000 86,667
Housing Fund (Extraordinary Repair Fund 100,000 100,000
Housing Fund (Cyclical Maintenance Fund) 37,224 79,088
309,340 415,755

12

APPTr'NDIX POINT IPI VIEW CHAPEL AccouKfs FOR YEAR ENDING 301612023 STATEMENT OF ASSETS AND LIABILtnES AT 30106r1023 TSB Current Account Bank balance as at 30.06.2023 Less cheques not esented Bank balance as at 30.(￿.2022 Less cheques not presented £14,441.32 £17,230.10 £14.441.32 £17,230.10- COIF Deposit Account 2022r2023 Balan￿ cjf Interest Transfer out to Managed Fund 2021r2022 £9.776.82 £259.78 Balance cjr £9.758. £17.92 Interest -£6.fXKI.(X) £4,036.60 £9.776.82" COIF Managed Fund 202212023 Initial inveStr￿lt 9 Jan 2014 Balance cjf Transfer in from Dermjst 2021r2022 Initial investment 9 Jan £20.1YXI.LN) 2014 £41.T11.63 Balan￿ rjf £20.000.Crf) £42.869.88 £6.1￿.L￿1 £2,610.47 £50.382.10 £8,610.47 Interest Ilalue 30 June 2023 Value 30 June 2022 £41.T11.63 (£1098.25) NOTE: These accounts are prepared on the 'Receipts & Payments. basis and CoM￿Y wth the appropnate Fegal requirements. Signed: Treasurer

APPENDIX

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 STATEMENT OF ASSETS AND LIABILITIES AT 30/06/2023

APPENDIX APPENDIX APPENDIX APPENDIX APPENDIX APPENDIX
POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023
STATEMENT OF ASSETS AND LIABILITIES AT 30/06/2023
TSB Current Account
Bank balance as at
30.06.2023
£14,441.32 Bank balance as at
30.06.2022
£17,230.10
Less cheques not
presented
Less cheques not
presented
£14,441.32 £17,230.10
COIF Deposit Account
2022/2023 2021/2022
Balance c/f £9,776.82 Balance c/f £9,758.90
Interest £259.78 Interest £17.92
Transfer out to Managed
Fund
-£6,000.00
£4,036.60 £9,776.82
COIF Managed Fund
2022/2023 2021/2022
Initial investment 9 Jan
2014
£20,000.00 Initial investment 9 Jan
2014
£20,000.00
Balance c/f £41,771.63 Balance c/f £42,869.88
Transfer in from Deposit
Acct
£6,000.00
Interest £2,610.47
Value 30 June 2023 £50,382.10 Value 30 June 2022 £41,771.63
£8,610.47 (£1098.25)
NOTE: These accounts are prepared on the 'Receipts & Payments' basis and
complywith the appropriate legal requirements.
Signed: Treasurer
R. Abbott

14

APPTr'NDIX POINT IPI VIEW CHAPEL AccouKfs FOR YEAR ENDING 301612023 STATEMENT OF ASSETS AND LIABILtnES AT 30106r1023 TSB Current Account Bank balance as at 30.06.2023 Less cheques not esented Bank balance as at 30.(￿.2022 Less cheques not presented £14,441.32 £17,230.10 £14.441.32 £17,230.10- COIF Deposit Account 2022r2023 Balan￿ cjf Interest Transfer out to Managed Fund 2021r2022 £9.776.82 £259.78 Balance cjr £9.758. £17.92 Interest -£6.fXKI.(X) £4,036.60 £9.776.82" COIF Managed Fund 202212023 Initial inveStr￿lt 9 Jan 2014 Balance cjf Transfer in from Dermjst 2021r2022 Initial investment 9 Jan £20.1YXI.LN) 2014 £41.T11.63 Balan￿ rjf £20.000.Crf) £42.869.88 £6.1￿.L￿1 £2,610.47 £50.382.10 £8,610.47 Interest Ilalue 30 June 2023 Value 30 June 2022 £41.T11.63 (£1098.25) NOTE: These accounts are prepared on the 'Receipts & Payments. basis and CoM￿Y wth the appropnate Fegal requirements. Signed: Treasurer

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023
RECEIPTS AND PAYMENTS ACCOUNT
RECEIPTS
2022/2023 2021/2022
WeeklyOfferings inc CAF £8,318.02 £8,369.00
Tax Refund 2022/2023 £2,013.72 £1,229.08
Visitors boxes and donations £0.00 £12.30
£10,331.74 £9,610.38
SPECIAL EVENTS
Gift Day
Weddings £100.00 £200.00
Concert
Funeral
£100.00 £200.00
IN MEMORIAM
Daphne Hammond £500.00
£0.00 £500.00
MISCELLANEOUS
VAT Refund for organ repair £393.60
£0.00 £393.60
TOTAL RECEIPTS £10,431.74 £10,703.98
Cash balance 30/06/2022 £17,203.10 £19,393.96
Cash balance 30/06/2023 £14,441.32 £17,230.10
Net receipts for 2022/23 -£2,761.78 -£2,163.86

16

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023
RECEIPTS AND PAYMENTS ACCOUNT
PAYMENTS
2022/2023 2021/2022
MINISTRY
Expenses & Pulpit supplies £2,783.87 £3,554.34
£2,783.87 £3,554.34
MISSION & CHARITIES
Ukrainian English Lessons £1,300.00
Other £603.67
Embrace the Middle East £600.00
Esteem Team £550.00
Exmouth Food Bank £500.00 £250.00
Christian Aid £300.00 £200.00
Exmouth Friends in Need £250.00 £400.00
Small Pilgrim Places £15.00 £15.00
Samaritans £100.00
Open Door Exmouth £1,200.00
URC Ministry& Mission £500.00
Shelter Box Trust £200.00
British Red Cross(Ukraine) £1,500.00
£4,118.67 £4,365.00
MAINTENANCE & REPAIR
ElectricityBulb/Octopus energy £1,571.01 £1,080.31
Organ £162.00 £162.00
Fridge for chapel £159.00
Kitchen cupboard £85.00
Garden - Pat Kelly £86.99
Shelf for vestry £37.95
Cleaning £100.00
Tent £210.00
Shift it Waste £132.00
£2,101.95 £1,684.31
MISCELLANEOUS
Booklets - Design £958.50
Booklets - Printing £856.02

17

Sundries £766.19 £54.43
Printing £474.37 £475.16
Jurassic Fibre(Broadband) £420.00 £210.00
30 dec cashpayment £375.00
CCLI(Music License) £205.60
Fundfiler £85.00 £85.00
Badges £40.50
Stationery& Postage £9.85 £61.65
Tent maintenance £1,619.00
Taxi costs £70.00
Easel £95.54
Decorations £200.00
Cheque 081? £27.99
MFG OtterySt Mary? £10.98
ICS chequepayment various £10.30
ICS Cheque 082? £85.35
Cheque 090? £25.00
£4,191.03 £3,030.40
TOTAL PAYMENTS £13,195.52 £12,634.05

18

THE CHARITY OF MARY PARMINTER

REGISTERED CHARITY NO. 210057

ACCOUNTS

FOR THE YEAR ENDED

30 JUNE 2023

IP40EPEP4DEpif EXAMINEWS REpoirr TO THE TRUSTEES OF THE CHAFtiri OF MARY PARMINTER REG. CHARITr NO.. 21￿57 -.ts c4 tre ¢w.i fry tro eTh3e6 36-" luré 2023 as set CVE on 3 . 10 ' the AuDJnts In XC¢ydance ¥th •5 e. LC.:" TrA• t.- - x-tr. L4e fAwa', Girect)ns g.ieri b-i tk.e f￿arrI CGr.:id¥4won '"v. 4erPa¥p- do reqJ.r&ffo-. . nd to cor.p-.I w.,-tr. the & PfC)per underttardir

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 a 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. Andrea McAdam 19 Phillipps Avenue, Exmouth EX8 3HZ Trustees 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 Revd. David Ley 85 Green Close, Exmouth EX8 3QA 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. Andrea McAdam 19 Phillipps Avenue, Exmouth EX8 3HZ 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 265836

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:

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

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
STATEMENT OF ASSETS AND LIABILITIES AT 30 JUNE 2023
2023 2022
Note £ £
Freehold property 4 14,848 14,848
Investments 5 309,340 415,755
Cash at Bank and in Hand 7,845 15,756
332,033 446,359
Represented by Income
funds
Restricted 155,285 (a) 203,897
Unrestricted 176,748 (b) 242,462
332,033 446,359
Note (a)
Housing Fund 137,224 seep9
Freeholdproperty 14,848 seep8
Cash at Bank 3,213
155,285
Note (b)
General Fund _172,116 _ see p9
Cash at Bank 4,632
176,748
NOTES
1. There were no known contingent liabilities at 30th June 2023
2. There were no capital commitments at 30th June 2023
These Financial Statements were approved by the Trustees on 24th October 2023
and signed on their behalf by:
Chair: Iain R McDonald
Trustee:

Chair: Iain R McDonald

Trustee:

3

THE IIICORPOIIATEDTRUSIEES OF THE CHARITY OF MARY PARMINTEH srAIEMEpifoFASSEfSAND UABILMESAT 30JUNE 2023 2022 Note Freehold property Investments Cash at Bank and in Hand 14 14,848 415,755 15,756. 4146,359 7,845 332.033 Rep￿Sented by Income funds Restrirted 155,285 176,748 lal Ibl 203.897 242.462 446,359 Unrestrirted Note luj Housing Fund Freeholdproperty Cosh at8onk 137234 p9 14,848 see p8 3,213 Note Ibj GenernlFund Cosh otBonk IU116 5eep9 NOTES l. There were no known contingent Iwbifrties at 3Othjw￿ 2023 2. The￿ were no capital commibTwts at 3thh June 2023 These Flnancial Statementswere appr￿1 trrfthe Tn￿ ¢Jn 24th October2023 and signed on their behall by.. Chair.. lain R ￿D0Tha1d Trnstee".

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023
Note General
Fund
Housing
Fund
Total 2022
Receipts
Dividend & Interest 2 12,951 12,951 14,351
Wayleave BT Phoneline 37 37 37
Residents' Maintenance
Charge
35,186 35,186 35,992
Sale of Investments 77,281 77,281 10,000
Transfer from General 4,000 4,000
Transfer from Housing 2,000 2,000 12,000
92,269 39,186 131,455 72,380
Payments
Management Costs 3 89,432 43,933 133,365 52,873
Transfer to Housing 4,000 4,000
Transfer to General 2,000 2,000 12,000
93,432 45,933 139,365 64,873
Surplus(Deficit) (1,163) (6,747) (7,910) 7,507

5

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

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)

2023 2022
£ £
CCLA COIF Charity Funds
Property Fund 7,043 7,043
Ethical Fund 5,907 7,308
Total 12,950 14,351

7

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
3. MANAGEMENT AND ADMINISTRATION COSTS 2023 2022
GENERAL FUND £ £
Maintenance Chapel and Manse(see schedulep7) 73,000 25,767
Chaplain honorarium 5,970 5,520
Transfer to Housingfund 4,000
Energy support subsidy to residents 3,000
Administration and Sundry 1,780 30
Council Tax 2,704 2,395
Insurance 1,171 1,046
Manse heatingsubsidy 975
Telephone/Broadband 360 360
Christmas gifts to residents 300 300
Water Rates 161 169
Trustee Expenses 10
Total 93,432 35,587
HOUSING FUND
Maintenance: Cottages 23,987 11,550
Capital expenditure (ventilation system and refurbishment) 12,633
Sundries 4,051
Transfer to General Fund 2,000 12,000
Garden 1,823 1,989
Insurance 1,377 1,229
Subscriptions 62 267
Garden shed 1,476
Refund to Jane Chubb 505
No 7 Council Tax 182
Administration 74
No 7 Electricity bill 14
Total 45,933 29,286

8

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
MANAGEMENT AND ADMINISTRATION COSTS - BREAKDOWN OF MAINTENANCE &
REPAIRS
2023
£
CHAPEL, MANSE AND GROUNDS (FROM GENERAL FUND)
Manse: Kitchen 26,864
Manse: Heatpump 12,722
Manse: Window repairs 12,068
Chapel: Windows 8,303
Miscellaneous 4,391
Rental property during manse refurbishment 2,149
Manse: Doors & hinges 1,155
Chapel: Paintwork 1,142
Manse: Kitchen electrics 894
Manse: Modify drainage 744
Manse: Internal doors 596
Chapel roof andpathways 467
Chapel: Crypt drainage 390
Garage door repair 312
Oil tank removal 294
Gate repairs 290
Gardening 220
Total 73,000
COTTAGES (FROM HOUSING FUND)
No.4 6,137
No.1 4,414
No.2 2,748
Surgeprotectors and test all circuits 2,745
Driveway repairs 2,650
No.3 1,844
No.7 817
No.6 746
Clean all fascias & soffits,gutters 560
Plans and reports plus finishing 400
Empty septic tanks 380
Tap valve, rubbish clearance 147
Wasps nest removal 132
Rubbish clearance 166
Direction sign 58
Extractor fan fuses 42
Total 23,986

9

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Cost
Balance at 1 July 2022
Balance at 30 June 2023
Housing Association Grant
Balance at 1 July 2022
Balance at 30 June 2023
Net Book Value at 30 June 2022
Net Book Value at 30 June 2023
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 repaid). 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.

:

10

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
5. INVESTMENTS
No. of
Shares
Shareprice 2023 2022
p £ £
General Fund
COIF Ethical Investment Fund 85,559.93 276.61 236,667
COIF Ethical Investment Fund 60,816.30 283.01 172,116
Allocated to:
ExtraordinaryRepair Fund 72,116 150,000
Cyclical Maintenance Fund 100,000 86,667
172,116 236,667
Housing Fund
COIF Charity Property Fund 125,767.1
3
137.44 172,854
COIF Charity Property Fund 125,767.1
3
109.11 137,224
COIF Charities Deposit Fund 6,234
Allocated to:
ExtraordinaryRepair Fund 100,000 100,000
Cyclical Maintenance Fund 37,224 79,008
137,224 179,008
TOTAL 309,340 415,755

11

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
SUMMARY OF FUNDS
2023 2022
£ £
Investments
General Fund (Extraordinary Repair Fund) 72,116 150,000
General Fund (Cyclical Maintenance Fund) 100,000 86,667
Housing Fund (Extraordinary Repair Fund 100,000 100,000
Housing Fund (Cyclical Maintenance Fund) 37,224 79,088
309,340 415,755

12

APPTr'NDIX POINT IPI VIEW CHAPEL AccouKfs FOR YEAR ENDING 301612023 STATEMENT OF ASSETS AND LIABILtnES AT 30106r1023 TSB Current Account Bank balance as at 30.06.2023 Less cheques not esented Bank balance as at 30.(￿.2022 Less cheques not presented £14,441.32 £17,230.10 £14.441.32 £17,230.10- COIF Deposit Account 2022r2023 Balan￿ cjf Interest Transfer out to Managed Fund 2021r2022 £9.776.82 £259.78 Balance cjr £9.758. £17.92 Interest -£6.fXKI.(X) £4,036.60 £9.776.82" COIF Managed Fund 202212023 Initial inveStr￿lt 9 Jan 2014 Balance cjf Transfer in from Dermjst 2021r2022 Initial investment 9 Jan £20.1YXI.LN) 2014 £41.T11.63 Balan￿ rjf £20.000.Crf) £42.869.88 £6.1￿.L￿1 £2,610.47 £50.382.10 £8,610.47 Interest Ilalue 30 June 2023 Value 30 June 2022 £41.T11.63 (£1098.25) NOTE: These accounts are prepared on the 'Receipts & Payments. basis and CoM￿Y wth the appropnate Fegal requirements. Signed: Treasurer

APPENDIX

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 STATEMENT OF ASSETS AND LIABILITIES AT 30/06/2023

APPENDIX APPENDIX APPENDIX APPENDIX APPENDIX APPENDIX
POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023
STATEMENT OF ASSETS AND LIABILITIES AT 30/06/2023
TSB Current Account
Bank balance as at
30.06.2023
£14,441.32 Bank balance as at
30.06.2022
£17,230.10
Less cheques not
presented
Less cheques not
presented
£14,441.32 £17,230.10
COIF Deposit Account
2022/2023 2021/2022
Balance c/f £9,776.82 Balance c/f £9,758.90
Interest £259.78 Interest £17.92
Transfer out to Managed
Fund
-£6,000.00
£4,036.60 £9,776.82
COIF Managed Fund
2022/2023 2021/2022
Initial investment 9 Jan
2014
£20,000.00 Initial investment 9 Jan
2014
£20,000.00
Balance c/f £41,771.63 Balance c/f £42,869.88
Transfer in from Deposit
Acct
£6,000.00
Interest £2,610.47
Value 30 June 2023 £50,382.10 Value 30 June 2022 £41,771.63
£8,610.47 (£1098.25)
NOTE: These accounts are prepared on the 'Receipts & Payments' basis and
complywith the appropriate legal requirements.
Signed: Treasurer
R. Abbott

14

APPTr'NDIX POINT IPI VIEW CHAPEL AccouKfs FOR YEAR ENDING 301612023 STATEMENT OF ASSETS AND LIABILtnES AT 30106r1023 TSB Current Account Bank balance as at 30.06.2023 Less cheques not esented Bank balance as at 30.(￿.2022 Less cheques not presented £14,441.32 £17,230.10 £14.441.32 £17,230.10- COIF Deposit Account 2022r2023 Balan￿ cjf Interest Transfer out to Managed Fund 2021r2022 £9.776.82 £259.78 Balance cjr £9.758. £17.92 Interest -£6.fXKI.(X) £4,036.60 £9.776.82" COIF Managed Fund 202212023 Initial inveStr￿lt 9 Jan 2014 Balance cjf Transfer in from Dermjst 2021r2022 Initial investment 9 Jan £20.1YXI.LN) 2014 £41.T11.63 Balan￿ rjf £20.000.Crf) £42.869.88 £6.1￿.L￿1 £2,610.47 £50.382.10 £8,610.47 Interest Ilalue 30 June 2023 Value 30 June 2022 £41.T11.63 (£1098.25) NOTE: These accounts are prepared on the 'Receipts & Payments. basis and CoM￿Y wth the appropnate Fegal requirements. Signed: Treasurer

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023
RECEIPTS AND PAYMENTS ACCOUNT
RECEIPTS
2022/2023 2021/2022
WeeklyOfferings inc CAF £8,318.02 £8,369.00
Tax Refund 2022/2023 £2,013.72 £1,229.08
Visitors boxes and donations £0.00 £12.30
£10,331.74 £9,610.38
SPECIAL EVENTS
Gift Day
Weddings £100.00 £200.00
Concert
Funeral
£100.00 £200.00
IN MEMORIAM
Daphne Hammond £500.00
£0.00 £500.00
MISCELLANEOUS
VAT Refund for organ repair £393.60
£0.00 £393.60
TOTAL RECEIPTS £10,431.74 £10,703.98
Cash balance 30/06/2022 £17,203.10 £19,393.96
Cash balance 30/06/2023 £14,441.32 £17,230.10
Net receipts for 2022/23 -£2,761.78 -£2,163.86

16

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023

POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023 POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2023
RECEIPTS AND PAYMENTS ACCOUNT
PAYMENTS
2022/2023 2021/2022
MINISTRY
Expenses & Pulpit supplies £2,783.87 £3,554.34
£2,783.87 £3,554.34
MISSION & CHARITIES
Ukrainian English Lessons £1,300.00
Other £603.67
Embrace the Middle East £600.00
Esteem Team £550.00
Exmouth Food Bank £500.00 £250.00
Christian Aid £300.00 £200.00
Exmouth Friends in Need £250.00 £400.00
Small Pilgrim Places £15.00 £15.00
Samaritans £100.00
Open Door Exmouth £1,200.00
URC Ministry& Mission £500.00
Shelter Box Trust £200.00
British Red Cross(Ukraine) £1,500.00
£4,118.67 £4,365.00
MAINTENANCE & REPAIR
ElectricityBulb/Octopus energy £1,571.01 £1,080.31
Organ £162.00 £162.00
Fridge for chapel £159.00
Kitchen cupboard £85.00
Garden - Pat Kelly £86.99
Shelf for vestry £37.95
Cleaning £100.00
Tent £210.00
Shift it Waste £132.00
£2,101.95 £1,684.31
MISCELLANEOUS
Booklets - Design £958.50
Booklets - Printing £856.02

17

Sundries £766.19 £54.43
Printing £474.37 £475.16
Jurassic Fibre(Broadband) £420.00 £210.00
30 dec cashpayment £375.00
CCLI(Music License) £205.60
Fundfiler £85.00 £85.00
Badges £40.50
Stationery& Postage £9.85 £61.65
Tent maintenance £1,619.00
Taxi costs £70.00
Easel £95.54
Decorations £200.00
Cheque 081? £27.99
MFG OtterySt Mary? £10.98
ICS chequepayment various £10.30
ICS Cheque 082? £85.35
Cheque 090? £25.00
£4,191.03 £3,030.40
TOTAL PAYMENTS £13,195.52 £12,634.05

18