## **Trustees’ Annual Report for the period**
**From 1[st] July 2023 to 30[th] June 2024**
## **Charity name: Charity of Mary Parminter**
## **Charity registration number: 210057**
## **Objectives and Activities**
||SORP
reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para
1.17|The objects of the charity are:
a. The relief of poverty by the provision of
housing for beneficiaries, and
b. Such charitable purposes for the benefit of
the residents as the trustees decide.
c. The maintenance of the endowed chapel
served by a chaplain and a manse to serve
as a residence for the chaplain or for other
purposes determined by the trustees.|
|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|The charity provides and maintains six almshouses
as accommodation for single women.
Although almshouses are not currently categorised
as social housing, in practice they provide
accommodation that is significantly more affordable
than market prices i.e. at a level lower than the
Local Housing Allowance. The charity pays for all
repairs and improvements to the almshouses and
plans to make them more energy efficient by
installing solar panels and air source heat pumps in
the coming year.
The chaplain has oversight over the properties,
exercises pastoral care to the almswomen and
leads worship in the Chapel.
The chapel and manse are Grade 1 listed buildings
and therefore require specialist maintenance and
repairs which accounts for the consistently high
expenditure on these assets. Historic England and
East Devon County Council Conservation Officer
recommended that the charity sought expert advice
from an accredited conservation surveyor and
David George RICS & IHBC was retained. Surveys
of the entire site were commissioned and plans to
submit a comprehensive listed building consent
application are in progress with a view to replacing
the leaking roof and protecting the chapel from
further deterioration.|
1
|||The chapel windows have been repaired this year
with most having to be almost completely replaced
in a bespoke manner. This has been extremely
labour intensive and has required specialist skills
thus necessitating an expenditure of £24,400 this
year.
Planned routine maintenance on the almshouses
has been carried out and roof insulation improved.
New EPCs will be commissioned as soon as further
energy saving measures have been put in place
e.g. ASHP and solar panels. All the old water tanks
have been removed.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para
1.18|The trustees have had regard to public benefit.|
## **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|Some of the beneficiaries receive government
benefits and would not be able to afford
accommodation in East Devon. Some have family
members in the area and so being able to live
nearby is very important for mutual support. Since
all the residents are capable of independent living,
they each actively contribute to the life of the local
community.
As well as having its own congregation, which is
active in the community and self-supporting, the
Grade 1 listed chapel attracts significant interest
from visitors due to its links with the National Trust
property ‘A La Ronde’.
The meadow in which it stands is being managed
with close attention to maintaining biodiversity and
environmental impact. It is a quiet, and picturesque
space used daily by both members of the public
and community groups.|
2
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para
1.21|The Trustees maintain two separate funds for
administrative
purposes,
both
of
which
are
unrestricted. The General Fund which may under the
Scheme be applied as appropriate “in furthering the
objects of the charity”, and the Housing Fund
(designated) which is used for the maintenance and
repair
of
the
residential
properties.
Capital
investments
are
managed
by
the
investment
management company CCLA. (Churches, Charities
and Local Authorities)
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 30.06.2024 had a market value of £30,005
and a Cyclical Repair Fund for planned maintenance
and repairs with a market value of £100,000. Total
repairs and maintenance costs amounted to £37,412.
The Housing Fund relates solely to the provision of
almshouse accommodation and is required to be self-
supporting and non-profitmaking. The Housing Fund
has an ERF which at 30.06.2024 had a market value of
£100,000 and a Maintenance and Administration Fund
with a market value of £61,695. Total expenditure on
maintenance and repairs was £9,286.
Separate funds are generated by the members of the
Chapel congregation for the running costs of the
chapel and its worship, and for the related expenses of
the Chaplain. The Chapel accounts are attached as
an appendix to the Charity accounts.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para
1.22|The Charity recognises the need for investment
income to meet the regular excess of costs over
weekly maintenance contributions (WMC income) and
has resolved to maintain reserves amounting to
£140,000 invested with CCLA to generate this income.
In addition, there is a need to have readily available
funds or investments convertible into cash to cover day
to day expenditure, especially if WMC income is
reduced because almshouses become vacant. To
mitigate this risk, free reserves of £35,000 (equivalent
to the WMC generated by full occupancy for one year)
would be required to allow the charity to operate for at
least 12 months. without income from WMC so this
amount is invested in an easy access account with
CCLA.
There are no restricted funds but the current reserves
policy has designated £100,000 for the replacement of
the chapel roof and associated repairs.|
3
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document|Para 1.25|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 Charity
of Mary Parminter was sealed on 28th
October 1993.
The Charity was founded under a Trust
Deed of 1813 by Jane and Mary Parminter|
|How is the charity
constituted?|Para 1.25|The Incorporation of the Trustees of the
Charity of Mary Parminter was sealed on
28th October 1993.|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The governing document states that there
should be no more than eight and no less
than five trustees with a preference for two
to be ministers of the United Reformed
Church or the Congregational denominations
and the majority of the remaining trustees to
be active members of a Protestant
denomination. The appointment of a trustee
is made by the trustees at an ordinary
meeting or special meeting called for the
purpose.|
## **Additional information**
||Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|As described in the Trustee Induction Policy:
Trustees are provided with:
•
The charity’s governing document
•
A copy of the charity’s Annual Report and
accounts
•
A copy of the current year’s budget
•
A copy of the charity’s minutes of recent
meetings
•
The Charities Commission’s guidance on
‘The Essential Trustee’
•
A precis of the charity’s history
•
List of fellow trustees with their present
duties within the charity.
•
Copy of any current policies.
•
Other charity specific documentation.
The Almshouse Association provides training
workshops, courses and online training in which
trustees are encouraged to participate at the
expense of the charity.|
|---|---|---|---|
4
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The charity is administered by seven trustees
assisted by a volunteer who acts as both clerk and
treasurer. The chaplain is appointed by the
trustees and reports to them at each trustee
meeting. The chaplain receives remuneration in
the form of an honorarium and expenses which
are reviewed regularly.|
|---|---|---|
|Relationship with any related
parties|Para 1.51|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
using
their
operational
policy
templates.|
## **Reference and Administrative details**
|Charity name|Charity of Mary Parminter|
|---|---|
|Registered charity number|210057|
|Charity’s principal address|Point in View
Summer Lane
Exmouth
Devon
EX8 5BD|
5
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
1
0|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Iain Robert McDonald|Chair||All trustees appointed by
board oftrustees|
||Robert Andrew Jones||||
||David Ley||||
||Janine Atkinson||01 Jan 2024 - present||
||Jenny French-Batten||01 Jan 2024 - present||
||Lisa Wright||01 Jan 2024 - present||
||Jayne Taylor||01 May 2024 - present||
||Pat Kelly||Until 24 Oct 2024||
||Michael Diffey||Until 24 Oct 2024||
||
Ruth Pickard||Until 23 Jan 2024||
## **Names and addresses of advisers**
|**Type of adviser**|**Name**|**Name**|**Address**|
|---|---|---|---|
|**Independent Examiner**|Dr Ian Harrison||21 Barton Close, Exton, Exeter, Devon EX3 0PE|
|**Declarations**
**Signature**
**Full name**
**Position**
**Date**||||
|||
Iain Robert McDonald||
|||Chair
22ndOctober 2024||
6
## **THE CHARITY OF MARY PARMINTER**
## **REGISTERED CHARITY NO. 210057**
## **ACCOUNTS**
## **FOR THE YEAR ENDED**
**30 JUNE 2024**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE CHARITY OF MARY PARMINTER REG. CHARITY NO: 210057**
Report on the accounts of the charity for the year ended 30[th] June 2024 as set out on pages 4 - 11
## **Respective responsibilities of the trustees and the examiner**
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 examination is needed. The independent examiner has the responsibility 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 records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently an audit opinion is not expressed.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements
- a. to keep accounting records in accordance with the 2011 Act; and
- b. to prepare accounts which accord with the accounting policies and to comply with the accounting requirements of the 2011 Act have not been met: or
2. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached
**NAME:**
_**Dr. Ian Harrison**_
**DATE: 7[th] October 2024**
1
## **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 to:
- a. paying the stipend and expenses of the Chaplain
- b. the benefit of the residents of the Charity 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 for the year 1[st] July 2023 – 30[th] June 2024**
|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|
||David Ley|85 Green Close, Exmouth EX8 3QA|
||Mrs. Ruth Pickard|27 Parkside Drive, Exmouth EX8 4LB|
||Revd. Janine Atkinson|24 Halsdon Avenue, Exmouth, EX8 3DL|
||Jenny French-Batten|2 Warneford Gardens, Exmouth, EX8 4EN|
||Lisa Wright|Flat 1, 20 Morton Road, Exmouth, EX8 1AZ|
||Revd. Jayne Taylor|6 Hill Close, Exeter, EX4 6HJ|
|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||
2
## **Trustees’ responsibility for the Accounts**
Charity Law requires the Trustees to prepare Statements of Account for each financial year which represent 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 t hat 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 (SORP) FRS 102 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
3
|**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 2024**|||||||
|||||**2024**||**2023**|
||Note|||**£**|||
|Freeholdproperty|4|||14,848||14,848|
|Investments|5|||291,700||309,340|
|Cash at Bank and in Hand||||8,384||7,845|
|||||**314,932**||**332,033**|
||||||||
|Represented byIncome funds|||||||
|Designated||||184,131|(a)|155,285|
|Unrestricted||||130,801|(b)|176,748|
|||||**314,932**||**332,033**|
||||||||
|_Note(a)_|||||||
|**_Housing Fund_**|_161,695 _|_seep10_|||||
|_Freeholdproperty_|_14,848 _|_seep9_|||||
|_Cash at Bank_|_7,588 _||||||
||_184,131_||||||
|_Note(b)_|||||||
|**_General Fund_**|_130,005 _|_seep10_|||||
|_Cash at Bank_|_796_||||||
||_130,801_||||||
||||||||
|NOTES|||||||
|1. There were no known contingent liabilities at 30th June 2024|||||||
|2. There were no capital commitments at 30th June 2024|||||||
||||||||
|These Financial Statements were approved bythe Trustees on 22nd October 2024|||||||
|and signed on their behalf by:|||||||
|Chair: Iain R McDonald|||||||
|Trustee:|||||||
||||||||
4
**----- Start of picture text -----**
THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2024
General Housing
Note Fund Fund Total 2023
Receipts
Dividend & Interest 2 12,056 12,056 12,951
Wayleave BT Phoneline 37 37 37
Residents' Maintenance Charge 38,292 38,292 35,186
Sale of Investments 25,000 25,000 77,281
Transfer from General 1,000 1,000 4,000
Transfer from Housing 21,000 21,000 2,000
58,094 39,292 97,386 131,455
Payments
Management Costs 3 60,930 13,918 74,848 133365
Transfer to Housing 1,000 1,000 4,000
Transfer to General 21,000 21,000 2,000
61,930 34,918 96,848 139,365
Surplus (Deficit) -3,836 4,374 538 -7,910
**----- End of picture text -----**
5
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024**
## **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)**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|CCLA COIF Charity Funds|||
|Property Fund|7,043|7,043|
|Ethical Fund|5,013|5,907|
||T**otal 12,056**|**12,950**|
6
|**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 2024**||||
|||||
|**3. MANAGEMENT AND ADMINISTRATION COSTS**|**2024**||**2023**|
|**GENERAL FUND**|£||£|
|Maintenance Chapel and Manse(see schedulep8)|37,413||73,000|
|Administration and Sundry|10,794||1,780|
|Chaplain honorarium and expenses|5,658||5,970|
|Council Tax|2,839||2,704|
|Manse heatingsubsidy|1,890||975|
|Gardening|1,270|||
|Transfer to Housingfund|1,000||4,000|
|Telephone/Broadband|360||360|
|Trustee Expenses|313||10|
|Christmasgifts to residents|300||300|
|Water Rates|93||161|
|Insurance
Energysupport subsidyto residents
**Total**|-||1,171
3,000|
||**61,930**||**93,432**|
|||||
|**HOUSING FUND**||||
|Transfer to General Fund|21,000||2,000|
|Maintenance: Cottages|9,286||23,987|
|Insurance|2,984||1,377|
|Garden|1,570||1,823|
|Subscriptions|48||62|
|Sundries|30||4,051|
|Capital expenditure(ventilation system and refurbishment)|-||12,633|
|**Total**|**34,918**||**45,933**|
7
|**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 2024**||
|||
|**MANAGEMENT AND ADMINISTRATION COSTS - BREAKDOWN OF**
**MAINTENANCE & REPAIRS**|**2024**|
||£|
|**CHAPEL, MANSE AND GROUNDS(FROM GENERAL FUND)**||
|CHAPEL WINDOWS REPAIRS|24,400|
|CHAPEL ELECTRICAL SAFETY|3,755|
|CHAPEL ROOF|2,395|
|MANSE ELECTRICAL SAFETY|1,234|
|SUMMERHOUSE + STORE ELECTRICAL|896|
|CHAPEL KITCHEN|846|
|FIRE SAFETY SIGNAGE|776|
|PLANNED MAINTENANCE - 5 YR PLAN|720|
|CHAPEL WALLS|658|
|CHAPEL CRYPT|587|
|MANSE REDECORATION OF BEDROOM|450|
|CHAPEL MISCELLANEOUS|300|
|RUBBISH CLEARANCE|192|
|MANSE FRONT DOOR|144|
|CHAPEL WASHROOM|60|
|**Total**|**37,412**|
|||
|**COTTAGES(FROM HOUSING FUND)**||
|PLUMBING|3,773|
|ELECTRICAL INSPECTION CERTIFICATES|1,442|
|NO.1 ELECTRICAL WORK|883|
|NO.4 FIRE DOOR|750|
|MISCELLANEOUS|520|
|RAMP TO 6 & 7|411|
|NO.ANTI MOULD AND REPAINTING|302|
|RUBBISH CLEARANCE|300|
|NO.2 AND 3 CUPBOARDS|250|
|FIRE RISK ASSESSMENT|225|
|NO.7 MISCELLANEOUS|217|
|SEWAGE AND DRAINS|154|
|NO.2 BLINDS AND HEATING UNIT|60|
|**Total**|**9,286**|
|||
8
## **THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024**
|**4.**|**TANGIBLE FIXED ASSETS**
Cost
Balance on 1 July 2023
Balance on 30 June 2024
Housing Association Grant
Balance on 1 July 2023
Balance on 30 June 2024
Net Book Value on 30 June 2023
Net Book Value on 30 June 2024|**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 reprovision of almshouses.
9
|**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 2024**|||||||
|**5. INVESTMENTS**|||||||
||**No. of**
**Shares**|**Shareprice**||**2024**||**2023**|
|||**p**||**£**||**£**|
|**COIF Charity Property Fund**|||||||
|COIF CharityPropertyFund|125,767.13|109.11||||137,224|
|COIF CharityPropertyFund|125,767.13|103.37||130,005|||
|**Allocated to:**|||||||
|General ExtraordinaryRepair Fund||||30,005|||
|HousingExtraordinaryRepair Fund||||100,000|||
|||||**130,005**|||
|**COIF Ethical Investment Fund**|||||||
||||||||
|COIF Ethical Investment Fund|60,816.30|283.01||||172,116|
|COIF Ethical Investment Fund|52,245.83|309.49||161,695|||
|**Allocated to:**|||||||
|General Cyclical Repair Fund||||100,000|||
|HousingCyclical Repair Fund||||61,695|||
|||||**161,695**|||
||||||||
|**TOTAL**||||**291,700**|||
10
**----- Start of picture text -----**
THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
SUMMARY OF FUNDS
2024 2023
£ £
Investments
General Fund (Extraordinary Repair Fund) 30,005 72,116
General Fund (Cyclical Maintenance Fund) 100,000 100,000
Housing Fund (Extraordinary Repair Fund 100,000 100,000
Housing Fund (Cyclical Maintenance Fund) 61,695 37,224
291,700 309,340
**----- End of picture text -----**
11
## **APPENDIX** l
|**APPENDIX**l|**APPENDIX**l|**APPENDIX**l|**APPENDIX**l|**APPENDIX**l|
|---|---|---|---|---|
|**POINT IN VIEWCHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2024**|||||
|**STATEMENTOF ASSETS AND LIABILITIES AT30/06/2024**|||||
||||||
||**TSB Current Account**||||
||||||
|Bankbalance as at 30.06.202|4
£13,540.84||Bankbalance as at 30.06.20|£14,441.32|
|Less chequesnot presented|£0.00||Less chequesnot presented|£0.00|
||**£13,540.84**|||**£14,441.32**|
||||||
||||||
||**COIF Deposit Account CO3072543-001**||||
||||||
|2023/2024|||2022/2023||
|Balance c/f|£4,036.60||Balance c/f|£9,776.82|
|Interest|£228.71||Interest|£259.78|
|Transferout toManagedFund||||-£6,000.00|
||**£4,265.31**|||**£4,036.60**|
||||||
||**COIF Managed **|**Fund CO3072544-001**|||
||||||
|2023/2024|||2022/2023||
|Initial investment 9 Jan 2014|£20,000.00||Initial investment 9 Jan 2014|£20,000.00|
|Balance c/f
Transfer in from DepositAcct|£50,382.10||Balance c/f|£41,771.63
£6,000.00|
|Interest|£5,645.85|||£2,610.47|
|Value 30 June2023|**£56,027.95**||Value 30 June2022|**£50,382.10**|
|GAIN/LOSS|£5,645.85|||£8,610.47|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
|NOTE: These accounts are prepared on the'Receipts & Payments'basis and comply with the appropriate legal requirements|||||
||||||
|Signed:
A. McAdam|||Treasurer||
||||||
NOTE: These accounts are prepared on the 'Receipts & Payments' basis and comply with the appropriate legal requirements
12
**----- Start of picture text -----**
POINT IN VIEW CHAPEL ACCOUNTS FOR YEAR ENDING 30/6/2024
RECEIPTS AND PAYMENTS ACCOUNT
RECEIPTS
2023/2024 2022/2023
Weekly Offerings inc CAF £9,826 £8,318
HMRC Gift Aid Tax Refund 2022/2023 £2,082 £2,014
Visitors boxes and donations £143 £0
£12,051 £10,332
SPECIAL EVENTS
Concert/Craft fair £480
Weddings £300 £100
£780 £100
IN MEMORIAM
Legacy - Eve Midgly £1,025
£1,025
TOTAL RECEIPTS £13,856
Cash balance 30/06/2023 £14,441 £17,203
Cash balance 30/06/2024 £13,541 £14,441
- -
Net receipts for 2023/2024 £900 £2,762
**----- End of picture text -----**
13
## **RECEIPTS AND PAYMENTS ACCOUNT**
|**RECEIPTS AND PAYMENTS ACCOUNT**|**RECEIPTS AND PAYMENTS ACCOUNT**|**RECEIPTS AND PAYMENTS ACCOUNT**|**RECEIPTS AND PAYMENTS ACCOUNT**|**RECEIPTS AND PAYMENTS ACCOUNT**|
|---|---|---|---|---|
||**PAYMENTS**||||
||||||
||**2023/2024**||**2022/2023**||
||||||
|MINISTRY|||||
|Expenses & Pulpit supplies|
£1,659||£2,784||
||£1,659||£2,784||
||||||
|MISSION & CHARITIES|||||
|Embrace the Middle East|£2,800||£600||
|Open Door Exmouth|£1,500||||
|Esteem Team|£870||£550||
|Exmouth Food Bank|£500||£500||
|URC Ministry & Mission|£100||||
|Traidcraft|£67||||
|Small Pilgrim Places|£15||£15||
|Ukrainian English Lessons|||£1,300||
|Other|||£604||
|Christian Aid|||£300||
|Exmouth Friends in Need|||£250||
||£5,852||£4,119||
||||||
|MAINTENANCE & REPAIR|||||
|Tent|£1,800||||
|Electricity Bulb/Octopus en|e
£1,482||£87||
|Cleaning|£1,300||||
|Garden-Pat Kelly|£455||£87||
|Organ|£168||£162||
|Fridge for chapel|||£159||
|Kitchen cupboard|||£85||
|Shelf for vestry|||£38||
||£5,206||£2,102||
||||||
|MISCELLANEOUS|||||
|Chapel Away Day|£610||||
|Cuckoo (J F) (Broadband)|£420||£420||
|Jenny French-Batten-Secr|£377||||
|Catering|£367||||
|Printing|£120||£474||
|CCLI (Music License)|£93||£206||
|Fundfiler|£85||£85||
|Parish UK subscription|£19||||
|Sundries|£8||£766||
|Booklets-Design|||£959||
|Booklets-Printing|||£856||
|30 dec cash payment|||£375||
|Badges|||£41||
|Stationery & Postage|||£10||
||£2,099||£4,191||
||||||
|TOTAL PAYMENTS|£14,816||£13,196||
14
## **INDEPENDENT EXAMINER’S REPORT**
## **TO THE TRUSTEES OF THE CHARITY OF MARY PARMINTER REG. CHARITY NO: 210057**
Report on the accounts of the charity for the year ended 30[th] June 2024 as set out on pages 3 - 11
## **Respective responsibilities of the trustees and the examiner**
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 examination is needed. The independent examiner has the responsibility 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 records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently an audit opinion is not expressed.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements
- a. to keep accounting records in accordance with the 2011 Act; and
- b. to prepare accounts which accord with the accounting policies and to comply with the accounting requirements of the 2011 Act have not been met: or
2. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
**NAME:**
_**Dr. Ian Harrison**_
**DATE: 7[th] October 2024**
1