2024-12-31-accounts

Annual Report of Reepham Church Charities

Year ending 31[st] December 2024

(Group Charity number 213557)

Trustees: Revd. Helen Rengert Susan Cripps (Churchwarden) - to 30 May 2024 Josphine Tym (Churchwarden) – to 30 May 2024 Rosie Foottit (Churchwarden) – from 30 May 2024

Town Lands & Neale’s Charity (Charity number 213557-1) Objects: For the relief of the poor in the Parish of Reepham

During the course of the year, the Trustees of Town Lands and Neale’s Charity held discussions with the Trustees of the Thomas Bulwer Charity (registered no 244282) as both had similar objectives, namely the relief of the poor in Reepham, Hackford and Whitwell. Following advice from the Diocesan Registrar, it was agreed that the Thomas Bulwer Charity should close and its residual assets should be transferred to Town Lands and Neale’s Charity. These funds totalled £23,299 and were received in December 2024.

Other income for the year was £300 from rents (Stony Lane land) and £65.85 interest on monies held in the CBF deposit fund.

Out goings for the year were hardship grants totalling £800 paid to residents of Reepham and £62 in bank charges. The trustees will continue to advertised the grants as widely as possible through fliers, e-mail and social media.

The Trustees’ financial reserves policy is that funds should not normally fall below £1,000. The exceptional circumstances of the transfer of funds from the Thomas Bulwer Charity means that level is significantly exceeded at the present time.

Church Lands Charity (Charity number 213557-2)

Objects: For the repair & ornament of St Mary’s Church Reepham

The income from the investments from the sale of land held by the Diocese of Norwich on behalf of the Parish, are paid quarterly, directly into the Reepham PCC Repair & Renewal restricted fund.

The total amount paid to the PCC in 2024 was £1,498.52.

The Charity Trustees

Revd. Helen Rengert Rosie Foottit

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REEPHAM CHURCH CHARITIES

Group of charities 213557

Trustees: The Rector and Churchwardens of St Mary's Church, Reepham

Reepham Church Charities was the overall name for several small charities, only two of which remain extant:

TOWN LANDS AND NEALE'S CHARITY

Objects of charity: general benefit of the poor in the Parish of Reepham

The assets of the charity consist of a field of 3 acres 23 perches (off Stony Lane Reepham), rented on an annual basis (this is not an agricultural tenancy);

plus money held in CBF Deposit account no.CB3030348-001 (Rector & Churchwardens Discretionary Fund) with a further amount held in HSBC account no. 71377159 (Rector and Churchwardens Charities account)

In March 2010, the land north of the Marriotts Way was leased to the Town Council for one year, while the possibility of selling or leasing the land long term for allotments was explored as part of the Reepham Low Carbon Challenge. A 20 year lease was signed in March 2011. The small area to the south of the Marriotts Way was leased to the owner of The Gabels Cottage for a period of 5 years from 01.05.2011, at a charge of £250 per annum, and is subject to annual renewal.

In December 2024, the residual funds of the Thomas Bulwer Charity (registered no. 244282) were transferred to Town Lands and Neale's Charity. These amounted to £23,299. Both charities had similar objectives, and the former has now been closed.

CHURCH LANDS CHARITY

Objects of charity: repair and ornaments of St Mary's Church Reepham

Assets consists of capital monies held by the Norwich Diocesan Board of Finance

The money is held in two different accounts:

CCLA account no. 126001271S - F149 PS08 - 296 Reepham Church Repair Fund (renumbered CB3011361-001 from Nov 2023)

(The money invested came from the sale of charity land at Kerdiston in 1993)

CCLA account no 126001299S -G019 PS08 - 296 Reepham Parish Land (renumbered CB3011383-001 from Nov 2023)

(The money invested came from the sale of charity land in Norwich Rd. Reepham in 1997)

The interest from both accounts is paid directly from DBF to the Reepham PCC and allocated to the St Mary's renewal and repair fund.

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REEPHAM CHURCH CHARITIES

Group of charities 213557

RECEIPTS AND PAYMENTS

----- Start of picture text -----
Town Lands & Church Lands 2024 2023
Description Neale's Charity Charity
213557-1 213557-2 213557 group 213557 group
Benefit of the poor Repair & ornaments
in Reepham of St Mary's
Receipts
Rent £ 300.00 £ 300.00 £ 1,783.00
Other (see notes) £ 23,299.22 £ 23,299.22 £ 1,000.00
Interest / dividends £ 65.85 £ 1,498.52 £ 1,564.37 £ 1,519.10
Total receipts £ 23,665.07 £ 1,498.52 £ 25,163.59 £ 4,302.10
Payments
Hardship grants (see notes) £ 800.00 £ 800.00 £ 7,550.00
Bank charges £ 62.40 £ 62.40 £ 79.20
Grant to St Mary's renewal &
£ 1,498.52 £ 1,498.52 £ 1,475.58
repair fund
Total payments £ 862.40 £ 1,498.52 £ 2,360.92 £ 9,104.78
Net incoming (outgoing)
£22,802.67 £ - £22,802.67 (£4,802.68)
resources
Cash funds at start of year £ 3,968.77 £ - £ 3,968.77 £ 8,771.45
Cash funds at end of year £ 26,771.44 £ - £ 26,771.44 £ 3,968.77
ASSETS AT YEAR-END
Town Lands & Church Lands 2024 2023
Description Neale's Charity Charity
213557-1 213557-2 213557 group 213557 group
Cash funds
HSBC charity account £ 25,464.85 £ 25,464.85 £ 2,728.03
CBF deposit account £ 1,306.59 £ 1,306.59 £ 1,240.74
Total cash £ 26,771.44 £ 26,771.44 £ 3,968.77
Capital assets
Land at Stony Lane 3 acres 23 perches
CCLA shares from sale of land at
Kerdiston held by Norwich DBF (a/c
126001271S - CB3011361 from £ 18,868.12 £ 18,868.12 £ 18,445.92
Nov23):
CCLA shares from sale of land at
Norwich Rd held by Norwich DBF (a/c
126001299S - CB3011783 from £ 36,569.73 £ 36,569.73 £ 35,536.89
Nov23):
Total capital assets £ 55,437.85 £ 55,437.85 £ 53,982.81
Total value of assets
£ 26,771.44 £ 55,437.85 £ 82,209.29 £ 57,951.58
(excluding land)
----- End of picture text -----

Compiled by:

D.I.Richmond / S.A. Cripps (4.4.25) on behalf of the trustees of Reepham Church Charities.

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NOTES TO ACCOUNTS (2024)

Town Lands and Neale's receipts:

Rents - Mr Abel £300.00 HSBC sheet 294 Rents - Town Council £0.00 no rent received in 2024 Other - specify £23,299.22 transfer from Thomas Bulwer charity HSBC sheet 301 CBF deposit fund interest £16.63 CCLA statement date 05/04/2024 received during quarter £16.52 CCLA statement date 05/07/2024 £16.47 CCLA statement date 05/10/2024 £16.23 CCLA statement date 05/01/2025 Total income £23,665.07

Town Lands and Neale's payments (excluding bank charges):

January (100113) £200.00 HSBC sheet 290 August (100114) £200.00 HSBC sheet 297 September (100115) £200.00 HSBC sheet 298 December (100116) £200.00 HSBC sheet 301

Church Lands dividend receipts (from investments held by NDBF as custodian trustees) Paid directly to PCC a/c as grant to St Mary's renewal & repair fund

CCLA shares from sale of land at Kerdiston: a/c 126001271S held by Norwich DBF (renumbered CB3011361-001 from Nov 2023) CCLA shares from sale of land at Norwich Road: a/c 126001299S held by Norwich DBF (renumbered CB3011383-001 from Nov 2023) Total income	£127.46 February £127.46 May £127.46 August £129.66 November £245.56 February £245.56 May £245.56 August £249.80 November £1,498.52

Church Lands payments from dividend receipts:

CCLA dividends are payed directly into Reepham PCC's HSBC Community Account no. 81377140, referenced as CBF investment fund 126001271S and 126001299S. (CB3011361, CB3011383 from Nov23)

2024 payments are shown on PCC statement sheets for Feb, May, Aug and Nov and are allocated to the St Mary's renewal & repair fund.

[Payments to PCC referenced to a/c 126001280S (CB3011370) relate to Norwich DBF investments held on behalf of the Whitwell Charity - an unregistered charity not included in the Reepham Church Charities aggregation]

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