Charlty number: 211409 THE CHURCH LANDS CHARITY ANNUAL REPORT OF THE TRUSTEES AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025
THE CHURCH LANDS CHARITY CONTENTS Page The Trustees and Offi¢ers Annual Report of the Trustees Independent Auditors, Report Slalemenl of Financial Activities 10 Balance Sheet 11 Cash Flow Statement 12 Notes to the Accounts 13-18 Rotation of Trustees 19
THE CHURCH LANDS CHARITY TRUSTEES. ADMINISTRATOR AND ADVISERS Trustees Mr P Kaser Mr M Waller Mr M Olver Mr L Garside Ms R Coady Mr A Hall Rev M Dearnley Principal Office Sl Peter's Church Sl Peter's Street St Albans Hertfordshire AL1 3HG Charty Registration Number 211409 Clerk Collinson Hall 9-11 Victoria Street Sl Albans Hertfordshire AL13UB Accountants Collinson Hall 9-11 Victoria stet St Albans Hertfordshi AL13UB AhItect Cannon Morgan & Rheinberg Partnership 38 Holywell Hill St Albans Hertfordshire AU1 IBU
THE CHURCH LANDS CHARITY TRUSTEES. ADMINISTRATOR AND ADVISERS (contlnuedl Property Agents Collinson Hall 9-11 Victoria Street Sl Albans Hertfordshire AL1 3UB Sollcltors Debenhams Ottaway Ivy House 1 D7 Sl Peters Street St Albans Hertfordshire AL13EW Audltors Mercer & Hole LLP Gloucester House 72 London Road St Albans Hertfordshire AL1 IMS Bankers Natwesl Bank plc Sl Albans Branch 10 Sl Peters Street Sl Albans Hertfordshire AL1 3LY
THE CHURCH LANDS CHARITY ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 The trustees present the stalulory report with the accounts of The Church Lands Charity for the year ended 30 April 2025. Constitutlon The charity was regulated by a schedule set out by the Charity Commission on 29 July 1881 and re- estsblished by a new scheme of the Charity Commission dated 6 June 1995. The registrats'on number is 211409. Trustees and Officers The names of the Trustees and Officers who have served during the year are shown on the Trustees, Adminislralors and Advisers page of this report. The method of appointment of each trustee is shown on page 19. Trustees Serve a four year term which is renewable. New Iruslees are provided with documentation to enable them to appreciate the Trust's objectives. organisalion, method of operation and their responsibilities under the law. In addition existsng tmstees assist them in becoming fully conversant with their role. Principal Aims and Activities The objects of the charity are-.- a. To provide fvnds for the upkeep and maintenance of the fabric of the Parish Churches of St Peterfs, St Paul's and Sl Luke's all being in Sl Albans, Hertfordshl. Preferen¢e is given to the needs of St Peter'5,' and b. To further the religious and other charitable purposes of the Church of England in any or all of these Parishes. The charity's main objective is to preserve and enhance its assets so that regular contributions can be made to the three beneficiary Parishes. These funds derive from rental income and income from cash deposits and other investment. The trustees make grants periodically lo the Parishes, with preference for St Peter's. Trustees are kept aware of the application of those grants by reports from the trustee5 appointed by the relevant Parish. Originally the Charity was endowed with retail and domestic property in St. Albans. 11 is the policy of the Trustees lo ensure properties are maintained in good order and the income is maximised. The annual gross commercial rents have decreased lo £264.684 12024.. £273,032> and the residential rents have increased lo £540.98712024.. £495,129). There has been no change in this policy since last year. During the year grants of £445,50012024', £457,500) were made lo the churches as shown in Note 5 to the Accounts. The trustees, objective of maximising income has been mel this year, and further opportunities to enhance income are actively being sought.
THE CHURCH LANDS CHARITY ANNUAL REPORT OF THE TRUSTEES (contlnued} FOR THE YEAR ENDED 30 APRIL 2025 Oryanisatlon The trSteeS meet three limes a year to review the progress of the charity and to decide upon the policy to be adopted. The chairman arld clerk are the executive officers who carry out the wishes of the trustees. Appllcatlon of Income The income of the charity after expenses is to be applied towards the mainlen2nce and fabrsc of the Parish Churches of the Ecclesiastical Parishes of Sl. Peter, St. Paul, and Sl. Luke, in the diocese of Sl Albans with preference for Sl. Peter, andlor furthering the work of the Church of England in these parishes. The grants made are shown in Note 5 to the accounts. All three churches make themselves and Iheirserviees available lo all parishioners and residentswi(houtcharge. The Iruslees consider that by supporting the three churches they are fulfilling the charity's public benefit requirement. Investment Policy The Iruslees periodically review any deposits and take professional advice to ensure that maximum interest is earned. The trustees wish for any investments to be low risk and deposits are therefore held with the CBF Church of England fund. Future Obllgations The trustees are ever mindful of the reliance by the Charity on its freehold property but consider ils resources are adequate lo fulfil ils obligations. 11 has no contractual commitments of a capital nature. Future Plans The Iruslees intend to continue along the same lines as they are currenlty operating. They want to rnaintain and enhance the existing property portfolio. thereby preserving the income stream and maximising the distributions lo the beaeficiaries. Reserves Policy The chartty's reserves are reviewed on an annlsal basis. The trustees, policy is lo maintain the real value of the charity's assets, after accoullting for distributions. In addition, the trustees seek to maintain free reserves of £50,000 to cover any unforeseen expenditure. Risk Assessment The trustees have fully reviewed the areas ol risk lo the charity. being business, commercial and financial sk. Although the areas of risk are deemed lo be few, the main risk is the possibility of fluclualions in the property market and red¢Jced income from properties not being let. Public Benefit The Trustees confirm that due regard has been paid to the public benefit guidance published by the Charity Commission.
THE ¢HUR¢H LAN08 CIIARITY ANIIUAL REPORTOF TRUSTEES (coftllNwdl Statem01 Tnt#Ès' R8JponJlbllltl• Th8 INsi86s ore ro$polble for pparfng th$ Tw¥i¢trs' Annual Re$rt and th& f07aK4¥18tatern8nts In ac[4yd wilh law and Unmed langdom ADnRg Slandards (Vrlled lQnydoFft Genera ThtslthtgpplW1oa1ILles In EngF8nd & W818J requlre8 lhotrO810 prnp•re firlat statsments for oach finan¢lg1 y¢arwthkh gb¥g a true and lawvlw ofthg •t ofaffairn vfth? chaTity and of Ihe Smm resourt¢$ snd applkation ofrnAour¢K ofthe thartyfOrthatWi. In propw¥vJ Iheeg financlal statsmenl4 thè trUG1e arè reqLllrBd to: selg(a pdKiBS and then appty Ihgm £81.. ob8eNethe methods 8nd prlwes In tho Charftl8s 8ORP 2019 <FRS 102): rnoJudwts and 851imaleB that arn Toasonabte and [ert stats applkablè uTrtin9 stsndaTd8 hgvg bg¢n foNThved. 6u4.era to any m8ierknl departures thsdosed •WKI gxplginBd in the fiTron¢hl ¥tatemenl prewoth• Btatements on thè golbw batsls urd685 ft Is ir1010 preou Ih&t IIE wlll o)nlinue in operation. Th0tru8t•osrer•81Slb for kèeplng properaceourKJ rKAd8that dl8clos&Wtth r•ason8tb18 BrthrBCy 81 tirne th? ancIal posIort vl the tharlty and enabl• thgm to ensuTo that tho lknandal stalam8rt mply wth Ihg ChadU&8 AL 2011, the Chartty IActxrtts Report¥l Regulakng 2008 and Ihe provL8kJn$ olthe trustdeed. TW #ro 8180 fesponsNI 8 lorsateguarding th8 a6sets of the thanty4TrJ hence ShJn8d behaOrthe Ttusle88:
THE CHURCH LANDS CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHURCH LANDS CHARITY FOR THE YEAR ENDED 30 APRIL 2025 We have audite(J the financial statements of The Church Lands Charity (the 'charity'l for the year ended 30 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes lo the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law 2nd United Kingdom Accounting Standard5, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our oplnlon the financial statements: give a true and fair view of the slate of the Gharity's affairs as al 30 April 2025, and of its incoming resources and application of resources, in¢luding ils income and expenditure, for the year then ended., - have been properly prepared in accordance with United Kingdom Generally Accepted Accounts'ng Practice,. and have been prepared in ac¢ordance with the requiremenls of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing {UKI {ISAs IUKI} and applicable law. aur responsibilities under those standards are further described in the Auditor's responsibilities for the audit ol the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial stalemenls. we have Concluded that the trustees, use of the going conrn basis of a¢¢ounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintie5 relating lo events or conditions that, individually or collectively. may cast significant doubt on the eharity's ability lo continue as a going concern foT a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other Snformatlon The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance ¢onclusion Ihereon. Our responsibility is to read the other infomalion and. in doin9 so, consider whether the other information is materially ineonsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misslaled. If we identify such material inconsisten¢ies or apparent
THE CHURCH LANDS CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHURCH LANDS CHARITY {continuedl FOR THE PERIOD ENDED 30 APRIL 2025 material misstatements, we are required to determine whether this gives rise to a material misstalemenl in the financial slalements themselves. If. based on the work we have performed, we conclude that there is a material misslalement of this other information. we are required lo report that fact. We have nothing to report in this regard. Matters on which we are requlred to report by exception We have nothing to report in respect of the following matters in relation to which the Charities IA¢counts and Reports) Regulations 2008 quiTe us lo report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustees, report.. or sufficient accounling records have not been kept., or the financial stslemenls are not in agreement with the accounting record$,- or we have not reiVed all the inft)rmation and explanations we require for our audit. Responsibilities of trustees As explained more fulty in the Iruslees, responsibilities statement set out on page 5, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial slalemenls. the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charity or to cease operations, or have no realistic altemative but lo do so. Audltor's re$ponsibilities for the audlt of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 1 $4 of that ACL Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due lo fiaud or error. and lo issue an audilorfs report that includes our opinion. Reasonable assu¥ance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when il exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they Could reasonably be expected to influence the economic decisions of users taken on the basis ofthese financial stalemenls. lffegularities. including fraud, a instances of non-compliance with18ws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the exlenl to which these are capable of detecting irregularities, including fraud is detailed below.
THE CHURCH LANDS CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHURCH LANDS CHARITY (continued) FOR THE YEAR ENDED 30 APRIL 2025 Explanatlon as to what extent the audtt was considered capable of detecting irregularities. including fraud We gained an understanding of the legal and rulatory framework applicable lo the charity and the environment in which il operates and Considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of conlrolsl, and determined that the principal risks were related lo posting inappropriate entries including joumals to overstate revenue or understate expenditure. and management bias in accounting estimates. Audit procedures perfomied by the engagement learn includeol.. Discussions with management. including considerations of known or suspected instances of non- compliance with laws and regulations and fraud., Gaining an understanding of management's controls designed to prevent and detect irregularities. and Identifying and testsng journal entries. Because of the inherent limitations of an audit, there is a risk that we will not delecl all irregularities. including those leading to a material misslatemenl in the financial statements or non-compliance with Tegulalion. This risk increases the more that complianee with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, a$ fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. A fvrther description of our resFX)nsibililies is available on the Financial Reporting Coun¢il's website al-. s.'Ilww.frc.o .LtklOur-WorklAudiUAudit-andassurancelStandards-and uidancelStandards-and- uidance-for-audilorslAudilors-res onsibililies-for-audiUDescri tion-of-auditors-res onsibilities- foraudit.as x. This description forms part of our auditor's report.
THE CHURCH LANDS CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHURCH LANDS CHARITY (continued} FOR THE YEAR ENDED 30 APRIL 2025 Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities IAccounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's trustees those matters we are qUired lo stale lo them in an audilorfs report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work. for this report, or for the opinions we have formed. steve Robinson For and on behalf of.. meer & Hole LLP Chartered Accountants & Registered Audilois Gloucester House 72 London Road St Albans Herts. AL1 1NS
THE CHURCH LANDS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025 Year Ended 30 April 2025 Year Ended 30 Aprll 2025 Year Ended 30 April 2025 Year Ended 30 Aprll 2024 Year Ended 30 April 2024 Year Ended 30 April 2024 Note General Deslgnated Funds Funds Total Funds General Designate Funds Totsl Funds Funds Income and Endowments Investment Income 848.695 848.695 828,837 828,837 Total Incomo 848,695 828,837 828.837 Expenditure Costs ofRaising Funds.. Propety Expenditure Expenditu on Charitable Activities.. Grants & Donations other 258,895 17.631 276,526 248,456 16,964 265,420 445,000 27,573 445.000 27.573 457,500 18,116 457,500 18,116 Total Expenditure 731,468 17,631 749,099 724,072 741,036 Fair Value Revaluation of Properties 281,885 281,885 Net IncomellExpenditurel 399,112 117,6311 381,481 104,765 116,9641 87,801 Tmnsfers beeen funds {60,0041 60,004 160,0041 60,004 Net Movement In Funds 339.108 42,373 381,481 44.761 43,040 87.801 Reconclllatlon of funds: Total funds brought forward at 1 May 2024 13,069.321 360.751 13.430 072 13.024,560 317,711 13,342.271 Total funds Carried forward at 30 April 2025 13 408429 403,124 13,811,553 13 069,321 360,751 13 430.072 All recognised gains and losses for the year are included in the Stslement of Financial Activities. 10
THECHURCH LANDS CHARITY BALANCE 8HEEr ASAT30APRL 1025 202S 2024 12A32.162 12,377 CumtA•s•ts 33,111 927.105 28.603 871,892 Ca6h at b8llk4ThJ In hffil 960216 Cr•dltOTB: amounts falllng duo 118 879391 7N795 Totsl •¥*•ts ¢urY•nt Il•bllllle• 18.8113 13,49),or2 13611553 Funds VnrnslTktad: Deslyneled lundB GontRI fvnds.. Ac<umulated surptus ReVaIon qr¥J fsir v8 r¢s•No 10 403,124 380,751 4,634 8,Tl3. 4.577,282 8.492,lJ39 13.811.553 AFw¥1 by Ihè TThstee5 on Isand on IWb8Wty". Lc li 0er(ChaIrman of ihe Truslee8j Tha on pag06 13 kn 18 forni pgrtof1tWo •ttwnts 11
THE CHURCH LANDS CHARITY CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2025 Note 2025 2024 Net cash used In operating activities 14 14,323 84,236 Cash Ilows from investing activities Fixed asset investment additions Interest received Ngt cash provided by investlng actiVTties 40 859 40.859 30,523 Change in cash and cash equivalents In the year 55.182 114,759 Cash and cash equivalents brought forward 871.922 757.163 Cash and cash equivalents carried forward 927 104 871.922 12
THE CHURCH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 1. Accounting Pollcles la) The financial statement have been prepared under the historical cost conversion. modified to include the revaluation of investments and in accordance with applicable Accounting Standard5 and Stslemenl of Recommended Praclise. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 1 January 2019 and the Charities Act 2011. The charity constitutes 8 public benefit entity as defined by FRS 102 (b) Reporb'ng period.. These financial statements cover a 12 month period. The wmparative infomiation covers a 12 month period. (cl Property income represents rents receivable in the year and propety expenses are those incurred in the year. This is ac¢ounted for on an accruals basis. {d) Investment income represents dividends and interest received in the year, Income is recognised when the charity ha5 enlitjemenl lo the funds, il is probable that the income will be reiVed and the amount can be measured reliably. {e) Grants are the amounts paid to the various Parochial Church Councils durin9 the year in ac¢ordance with the charity's obje¢ts. (Q All works on the maintenance and refurbishment of the freehold propety are written off during the year in which they are incurred. Works relating to any new buildings will be capilalised in the financial period they occur and re-valued al the year-end to market value for inclusion within our property portfolio. (gl Investments are shown on the balance Sheet at their open market value at the year-end. (h) Investment properties are included at valuation and are held for an investment retum. The SOFA includes the net gains and losses arising on revaluations and disposals Ihrou9houl the year. (i) General funds are UnStricted fvnds which are available for use at the discretion of the Iruslees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial slalements. li) Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. (k) Cash at bank and cash in hand includes cash and short term highly liquid investments with a Short maturity dale of three months or less from the date of acquisition (11 Creditors and provisions are fecognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation be measured or estsmated reliabty. (m) Going conrn.. At the lime of approving the financial ststements, the Iruslees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees conlinL¢e lo adopt the going ¢oncern basis of accounting in preparing the fi'nancial staternents. 13
- Judgements and key sources of estimation uncertainty In the applscalion of the charty's accounting policies, the directors a required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estsmales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the Tevision affects both current and futu periods. Key sources of estlmate uncertainty The estimates and assumptions which have a significant iisk of causing a material adjustment lo the carrying amount of assets and liabilities 8re as follows.. ValuatiTon of Investment Property The valuation of the Investment property as al 30th April 2023 is based on the professional valuatton undertaken by Rod Welfare as at 30th April 2023. This is then revised each year in line with market indices. A review of the valuation as al 30th April 2025 has been undertaken by the trustees who have proposed a change in the valuab'on to coincide with the 3.20A rise in the UK House Price Index. Change$ to Investment Propety Portfolio During the period. there has been no additions or disposals of investment propety. 14
THE CHURCH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 3. Costs of Raising Funds General Deslgnated Funds Funds Total 2025 Total 2024 Property Expenditure Commercial management charge Insuran$ Rent Collection Archileclural Fees Legal Fees 11.787 87.348 11,787 87,348 9.274 84,084 2,237 23,945 4,765 130,414 10,701 265.420 21,237 4,703 120.918 12,902 258,895 21,237 4.703 138.S49 12,902 276,526 Propety Maintenance and Refurbishment Miscellaneous 17,631 17.631 4. Investment Income General Funds Deslgnated Funds Total 2025 Total 2024 Interest on deposit accounts Lease Extensions License Fee income Commercial Rents Cottage Rents 40.859 40,859 30.523 28.108 2.045 273,032 495,129 2.165 264,684 540,987 2,165 264,684 540,987 848 695 828,837 S. Expendlture on Charitable Activltles General Funds Designated Funds Total 2025 Total 2024 Grants and Donatlons Parish Church of Sl Peter's Parish Church of Sl Paul's Parish Church of Sl Luke's 356.000 44.500 44.500 445.000 356.000 44,500 44,500 445,000 366,000 45,750 457,500 6. Other Expenses General Funds Designated Funds Total 2025 Total 2024 Management Fees Bad Debt Provision Audit Fees Bank Charges 20.610 212 6,660 91 20,610 212 6.660 91 8,460 307 9,260 89 27,573 27,573 18,116 15
THE CHURCH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 7. Fixed Asset Investments PropertiOS 2025 2024 Market value at 1 May 2024 Investment additions in the year Fair value revaluation Market value a130 April 2025 12.650,277 The Investment Properties were last valued on 30 April 2023 by Rod Welfare IMRICSI. The Trustees have used their own judgements and assessments to value the properties at 30 April 2025. 12,650,277 12,650,277 281,885 12.932,162 8. Debtors Other debtors.. Rents held by agents Prepayments and accrued income Recoverable from tenants 2025 2024 21.549 11,067 495 33,111 18,571 10,032 26,603 Wthin the 'Rents held by agents, is a sum of £21,549 12024.. £16,879) representing rent in arrears at the balance sheet date. 9. Liabilities: Amounts falllng due within one year 2025 2024 Other CredTtors Trade creditors 63.513 92,581 80.825 118,800 10. Unrestricted Funds Deslgnated Fund 2024 Transfers Expended 2025 Renovation reserve Roof & Redecoration reserve 98,185 262,566 360,751 10,000 50,004 60.004 108.185 294.939 403.124 17,631 117,6311 The designated fund's purpose is lo provide funds for the upkeep of properties, including the periodi¢ exterior redecoration of the Charity's propety and the fefurbishrnent of properties that fall below current standards. 16
THE CHURCH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 10. Unrestricted Funds continued General Fund This comprises.. Accumulated surplus Revaluatson reserve 2025 2024 4,634.505 8,773.924 4,577,282 8.492,039 13,408.429 13,069,321 2025 Total 2024 Total Unrestricted Designated Fixed assets Cuirent assets 12.529,038 960,216 403,124 12,932,162 960,216 12.650,277 898.595 Current liabilities {80,8251 180.8251 {118,800) 13,408,429 403,124 13,811,553 13.430.072 11. Trustee's Remuneration No remuneration is paid nor any expenses reimbursed lo the trustees. 12. Related Parties During the year the following transactions look place with related parties.. 2025 2024 Donatlons made St Peter's PCC St Paul's PCC st Luke'5 PCC 356,000 44.500 44.500 366,000 45,750 45,750 445,000 457,500 All of the above are related parties through their involvement in deciding appointments lo the board of trustees. 13. Control The charity is under the control of the board of trustees. 17
THE CHURCH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 14. Reconciliation of net movement In fund$ to net cash flow from operatlng aetlvitle$ 2025 2024 Net movement in funds Deduct interest income shown in investing activities Revaluation of fixed assets IlncreasellDecrease in debtors IncreasellDecreasel in creditors 99,596 140,8591 87.801 130.523) 16,4391 137,975) 7,094 19,864 Net cash used in operatlng actlvltles 14,323 84.236 15. Legal Forrn The charity is an unincorporated entity registered with the Charity Commission on 6th June 1995. 18
THE CHURCH LANDS CHARITY ROTATION OF TRUSTEES FOR THE PERIOD ENDED 30 APRIL 2025 Name Date of Retirement Rev M Dearnley (vicar at St Peter) Ex-officio Nominated by Parochial Church Council of St Peter For a term of four years M Waller M Olver (Chairman) A Hall R Coady June 2029 March 2029 March 2028 March 2028 Nominated by Paro¢hial Church Council of St Luke For a term of four years P Kaser June 2026 Nominated by Parochlal Church Councll of St Paul For a term of four years L Garside October 2028 19