PHILLIPS FRITH EST 1926 Counting beans since 1926 THE CHURCH CHARITY OF JOHN ARUNDELL KNOWN AS: ST DENYS CHURCH CHARrrY OF JOHN ARUNDELL ACCOUNTS YEAR ENDED 31 DECEMBER 2025 Phillips Frith LLP 9 Tregorne Terroce, St Auslell. Cornwall PL25 4DD T 01726 75981 F 01726 67489 011@phillipsfrith.corn www.phillipsfrith.com Chartered Accountonts ond Registered Auditors A IiniFted liobilrfy pDrtllership re9tered in Engbffld & Woltt No. OC344396. Regisleied OFtice.. 9 Tr8gom8 T8ira¢é 51 ell Crnll PL25 4DD.
Counting beons since 1926
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHURCH CHAiUTY OF JOHN ARUNDELL I repon to the trustees on my examination of the accounts of the The Church Chariry OE John Arundell (the Trust) for the year ended 31 December 2025. which are sec out on pages 4 co 7. This reporc is made solely to the charitys trustees, as a body, in aeeordanee with seetion 154 of the Charities Acc 2011. My independent examiner's work has been undertaken so that I might state to the chariry's trustees those matters l arn required to Stare to them in an independent examinews report and for no other puOSe. To the Fullesi exienr permitted by law, I do not accept or assume responsibility to anyone other than the charity, the eharitjrfs members as a body and the chariry's trustees as a body for my independent exarninerfs work, for this report, or for the opinions I have fortned. Responslbilities and basis of report As the charLS trustees of the Trust you are responsible For the prepararion of the accouncs in accordance with the requirements of rhe Chariries Act 2011 ('the ACV). I report in respect of my examination of rhe Trusrfs accounts trarried out under seetion 145 of the 2011 Aet and in carrying ouc rny examinauon I have followed all the applicable Directions given by the Chariry Commission under section 145(5)(b) OF the Acc. Independent examiner's statement I have eompleted my examination. I confinn that no material matters have come to my artention in connection with the examination which gives me cause to believe chat in, any material respect: accounting records were not kept in accordance with secuon 130 of the Act or 2. the aeeounts do not accord with those records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper under5randing OF the accounts ro be reached. Date: lan WAlliam Chalmers FCA 9 Tregarne Terrace ST AUSTELL Cornwall PL25 4DD
THE CHURCH CHARITY OF JOHN ARUNDELL KNOWN AS: ST DENYS CHURCH CHARITY OF JOHN ARUNDELL TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present cheir reporc and accounts for the year ended 31 December 2025. OKIEcfIvES. ACTIVITIES AND ACHIEVEIVIENTS The objecllves and activities OF the chariry are to provide for the upkeep and repair of the Parish Church and Burial Ground OF The Ecclesiastical Parish OF Sr Dennis (Sr Denys). Cornwall and the mainrenance o& the services therein. The chariry also promotes the religious and other charitable work of the Church of England in the Parish of St Dennis and to provide for rnatters incidental to these purposes. The principal policy of the Charity is to maintain or grow its income stream through the letting OE properry and/or investments in order to meet its objectives, and to increase the capital value of its properry. The Trustees have reviewed their objectives, policies and acrivities to ensure they continue to reflect the CharitJHs aims. In carryin8 Out this reNiew they have considered che Chariry Commission's revised general guidance on public benefic. STATUS OF CHARITY The chariry, which is commonly known as the Arundell Trust, is governed by the Scheme OF the Chariry Commissioners daced 23 April 1998. The chariry number is 234290. STRUCTURE OF CHARTTY The chariry is run by a board of trustees and during the year these were as follows: EK-officio Rev C G McQuillen-Wright- the Incumbent of the present benefice OF St Dennis J Offord (Secretary) - Churchwarden of the Ecelesiasiical Parish OF St Dennis S G Bradbury- Churchwarden OF the Ecclesiasrical Parish of Sr Dennis Co-opted A J Martin D G May- resigned 31 January 2025 K B Yates ALGriffln The right to nominate and appoint Co-opted Trustees rests with the Trustees themselves. In aeeordance with the Current Scheme, every new co-opted Trusiee is appointed for a tenn of 5 years. Officers There were no executive officers of the Trust during the year. The Trust nintaInS a list of approved contractors/suppliers, which is reviewed as ne$sary. prinpaI Office C/0 The Secretary Rossland St Dennis St Austell PL26 8BB Tel.. 01726 824813
THE CHURCH CHAIUTY OF JOHN ARUNDELL KNOWN AS: ST DENYS CHURCH CHARITY OF JOHN ARUIWELL TRUSTEES ILEPORT continued FOR THE YEAR EfqDED 31 DECEMBER 2025 Bankers Lloyds Bank plc, Unit 14, White River Shopping Centre, St Austell, Cornwall, Pt25 5AZ. Independent Examiner Phillips Frith LLP, 9 Tregarne Terrace, St Austell, Cornwall, PL25 4DD. Investment Powers The investment powers of the chariry are governed by the Trustee Invesmients Act 1961. Solicitor Stephens Scown, Osprey House, Malpa5 Road. Truro. Cornwall, TRI I. TRVSTEES, ILEVIEW To achieve the objecrs OF the chariry, the aim OF the Trustees is Continually to improve the quality of its propery, and thereby perpetuate a long-cerm income stream from appreciating a55ets. However, the Trusiees consider that rent levels should be consisteni wirh the Christian values of the Church and remain competitive for che area. Occupation OE the properties remained high at the year end. The Trustees are looking to add to their properry portfolio. For the purposes of calculating the 251Yo net income payable co the St Dennis Educational Tnt and providing a Smooth flow of funds, it has been agreed with the Independent Examiner ro write off asset expenditure over 20 years (see Note to the Accounts). The amount payable during 2026 for 2025 shows an arnount OF £8,781 that is providing ongoing significant benefits for young people in the Parish. Recruitment of new Trustees is by word of mouth, based on local knowledge 2nd skitis required to maintain a broad expertise. Induction is by way OF a standard inforniation pack including Trust Scheme, Accounts, Minutes and direction to the relevant documents on the Chariry Commission website. RISI¢ RESERVES AND INVESTMENTS The charitjls invesm]ent policy is to maintain no risk deposits for tnedium and short term needs. Investment opportunities conrinued to be explored. The eurrent account remains with Lloyds Bank. This reflects the porenrial For significant unbudgeted expenditure relating to either the Church anor its residential properries. Long-rerm invesunent is by way of C.O.l.F. or Charifund income shares. The Trust's reserve policy is to maintain sufficient reserves to cover tnajor expenditure on either the Church or irs residential properties. The Trust remains in a healthy financial position. There was an excess OF income over expendirure of £18,639 in Ihe year. Investment retums eontinue to decline. The risk profile remains unchanged, and the Trust is eonfident that the tneasures taken to ttLinimise them will lead to continuing financial and operating stabiliry. BY ORDER OF THE BOARD Mr J Offord Trustee and Secretary Date:.dS .
THE CHURCH CHAIUTY OF JOHN ARUNDELL KNOWN AS: ST DENYS CHURCH CHARITY OF JOHN ARUNDELL RECEIPTS AND PAy1VNTs Accou FOR THE YEAR ENDED 31 DECElVtBER 2025 UNRESTRICTED FUNDS 2025 2024 RECEIIryS Investment dividends Bank deposit interest Dwelling rents Field rent Bank compensarion 4.423 14,136 55,659 780 130 4,298 9,234 56,423 75,128 69,955 ASSET AND INVESTMENT SALES Sale of Old Sehool Building. Fore Streei, St Dennis (net) 147,751 TOTAL RECEiprs 75,128 217,706 PAYMENTS Cost of management and adminlstration: Accountancy Administration costs Legal and professional fees Professional liabiliry insurance Maintenance and other costs of properties: General main¢enance/repairs Insurance Legal and professional fees Rates and wacer lighr and heat 699 158 1.259 598 435 120 573 32,185 3.272 701 473 60 22,811 3,105 39,2M)S 27,044 Direct eharltable expenditure: St Dennis Educational Trust Church expenditure: General church maintenance Light and heat Accountancy Printing, stationery and magazine expenses Insurance 10,578 13,929 1,450 2,013 459 88 2,496 5,990 2,692 435 220 17,084 25,718 TOTAL PAYMENTS 56,489 NET RECEIPTS FOR THE YEAR 18,639 164,944 Cash funds at 3 1 December 2024 401678 236 734 CASH FUNDS AT 31 DECEMBER 2025 420,317
THE CHURCH CHARITY OF JOHN ARUNDELL KNOWN AS: ST DENYS CHURCH CHARITY OF JOHN ARUNDELL STATEMENT OF ASSETS AND LIABILITIES 31 DECEMBER 2025 2025 2024 MONETARY ASSETS Cash funds: Lloyds Bank plc current account Lloyds Bank plc savings accounc Lloyds Bank plc Fixed Term Bond Lloyds Bank plc Fixed Term Bond Redwood Bank Fixed Term Bond Hampshire Trust Bank Fixed Term Bond Cambridge & Counries Bank Fixed Rate Bond Dudley Building Sctiery savings account Redwood Bank savings account Shawbrook Bank Fixed Tenn Deposit Buckinghamshire Building Society 7,476 32,060 9,289 27,306 17,500 15,000 12,583 85,000 85,000 85,000 65,000 85,000 85,000 85,000 87,781 33.000 5,000 TOTAL CASH FUNDS 420,317 401,678 INVESTMENT ASSETS Cost Market Value Shareholdings: 2787.07 C.O.l.F. Charities Investsnent Fund income units 13747.30 C.O.l.F. Charities Ethical Investment Fund Income unirs 16729.15 C.O.l.F. Charities Global Equiry Income Fund inconie unirs 446.205 M & G Charifund Equiues Investmeni Fund Ineome units 33,015 35,000 35,000 7,027 53,851 40,340 46,591 7.708 Properties: a) 4 and 6 Fore Street. St Dennis, PL26 8AF Two semi-detached houses built circa 1850 and each split into rwo flats. In good structural and decorauve repair. Combined insured value is £1,139,121. b) 8 Fore Street, Sr Dennis, Pl26 8AF Detached property built circa 1850 and completely renovated into 2 flars in 2003. Insured value is £531,590. e) l Trelavour Prazey, St Dennis, PL26 8BP End of rerraee house built cirea 1850 and in good structural and decorarive repair. Insured value is £337,324. d) 2 Trelavour Prazey, St Dennis, PL26 8BP Mid terrace house built circa 1850 and in good strucrural and decorarive repair. Insured value is £266,679. e) 3 Trelavour Prazey, Sc Dennis, PL26 8BP Mid terrace house builc circa 1850 and in good structural and decorative repair. Insured value is £263,146. Land at Hill Top, Trelavour Road, St Dennis One acre OF land suitable for grazing. The esttmatrd market value as grazing is £1.500.
THE CHURCH CHARITY OF JOHN ARUNDELL tOlOWN AS: ST DENYS CHURCH CHARITY OF JOHN ARUNDELL STATEMEIWT OF ASSETS Afffj IIABIIITIES continued 31 DECEMBER 2025 2025 2024 LIABIIJTIES - CURRENT St Dennis Educational Trust The aeeounts were approved by the trustees on ..Q. and signed on their behalf by- MrA' artln Treasurer
THE CHURCH CHAIUTY OF JOHN ARUNDELL KNOWN AS: ST DENYS CHURCH CHARITY OF JOHN ARUNDEIL NOTES TO THE ACCOUDrrs AS AT 31 DECEMBER 2025 Related party transactions and trustees remuneration The Trustees received no remuneration during the period.
THE CHURCH CHARrrY OF JOHN ARUNDELL KNOWN AS: ST DENYS CHURCH CHARITY OF JOHN ARUNDELL NOTE FOR INFORIVLATION PURPOSES ONLY FOR THE YEAR ENDED 31 DECEMBER 2025 ST DENNIS EDUCATIONAL TRUST- CALCULATION OF coNfRIBirrioN 2025 2024 Total reeeipis 75.128 69,955 Less properry and managetnent expenses 2025 Less property and manageent expenses 2024 (39,405) 35,723 42,911 Annual provision for Mite-off of capital expenditure over 20 years 2006 asset cosr £12,000 (Year 20) 20 (600) 600) 35,123 42,311 Payable To Educational Trust £35,123 x 25Vo 8,781 10,578