Ormesby St Michael Townlands Trust Charity No: 239623
– Trustees Annual Report for Financial Year 01/11/2019 31/10/2020
Charity’s Principle Address
The Rectory Church View Ormesby St Margaret NR29 3PZ
Governing Document
Charity Commission ref no 5175150D dated April 24[th] 2001
Objectives of the Charity
(1) To support the needy of the Parish of Ormesby St Michael
(2) To maintain the fabric of the Church of Ormesby St Michael
(3) For general charitable purposes in the parish of Ormesby St Michael and for the general benefit of the Parish Church.
Trustees
B Gidney M Harper A Lanham JSL Hirst F Nudd E Cooper R Hirst D Hunt
Trustee selection method
The Rector and Church Wardens are automatically trustees and other local people are invited by the trustees when vacancies arise.
Charity activity during the year
The income of the Trust has been from rent of land in Scratby and Ormesby St Michael.
The Trust has contributed to the maintenance of the Parish Church and supported the needy and elderly in the Parish.
Reserves Policy
Our reserves are being mostly held in an investment fund with NFU Mutual over a 5 year return term, and transfer the remainder is held with COIF.
Grant Making Policy
The trust has for many years made a gift of food and financial support to all pensioners living in the Parish, with the health and safety implications of the COVID pandemic as well as logistical setbacks within the trust; the trustees agreed to replace the food support with a same value financial grant – to enable recipients to spend the funds on more suitable supplies over the winter months. A system of application for support has been instituted and publicised throughout the Parish. This year grants have been made to the village organisation for the elderly and to support the maintenance of the Church.
Investments Policy
Short term money is being held in an account at Lloyd's TSB and long term investment is split between a COIF deposit account and NFU Mutual investment fund.
Review of major risks
The major risk is believed to be the possible need to find a new tenant for the land at Scratby and the possibility of coastal erosion.
COVID-19 Impact
Due to the impact of the global pandemic, the Trust were unable to meet in person for the course of the year; those with internet and email access were able to maintain communication to ensure that the Trust was still able to undertake its support for the Parish.
Ormesby St Michael Townland Trust Accounts to October 2020
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Income Expenditure
Rent Interest Misc Maint Support Misc Balance at 31.10.19
S CHANEY RENT 6,588.45 D C HUNT ENGINEERS (1145) 1,232.06 COIF 8,123.40
R LANHAM RENT CASH 20.00 P J PLUMBING (1146) 182.16 Treas a/c 45,325.65
K COLEMAN RENT CHQ 100.00 M HARPER VOUCHER (1147) 50.00 Cash 1.31
MILLER RENT CHQ 100.00 ORMESBY ST MICHAEL PCC (1148) 400.00 NFU 29,778.57
S CHANEY RENT 6,588.45 ORMESBY ST MICHAEL PCC (1149) 1,371.51 Cheque
S CHANEY RENT 6,588.45 T STANSFIELD (1150) 404.33 Total 83,228.93
S CHANEY RENT 7,247.29 STAMPS AND ENVELOPES (CASH) 31.78
CHRISTMAS GRANT (1152 - 1188) 2 NOT CASHED 4,025.00 Balance at 31.10.20
ECCLESIASTICAL INSURANCE (1189) 448.49 COIF 8,152.55
COIF INTEREST 29.15 T R MILLS (1190) 195.00 Treas a/c 54,048.70
NFU Interest (reinvested) 257.87 ORMESBY ST MICHAEL PCC (1191) 956.30 Cash 27.52
D C HUNT ENGINEERS (1192) 5,881.74 NFU 28,353.03
1ST CLASS FIRE (1193) 64.08 Cheque
COOP FUNERAL CARE (GRANT VPALMER) (1195) 1000
ORMESBY ST MICHAEL PCC (1196) 2,098.12 Total 90,581.80
1ST CLASS FIRE (1197) 130.8
M BROCK - ACCOUNTS EXAMINATION 2019 (CASH) 12.00 check 90,581.80
error - 0.00
NFU Monthly Portfolio Charges 126.76
NFU Fund (Value decrease) 1,556.66
27232.64 287.02 -
Income 27519.66 10,413.65 5,025.00 4,728.14
Expenditure 20,166.79
Surplus 7,352.87
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