## **/Ormesby St Michael Townlands Trust**
## **Charity No: 239623**
## **Trustees Annual Report for Financial Year 01/11/2020 – 31/10/2021**
## **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**
Revd Jo Wood (Priest In Charge) Appointed 05/09/21 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 provides a set financial support grant to elderly parishioners in line with amended 2020. A system of application for support has been instituted and publicised throughout the Parish. This year grants have been made 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.
**Review of achievements in 2021**
Rent review for the land at Scratby is being undertaken with third party agents, Michael Paul Consultancy with support from Diocesan solicitors in line with lease market review to ensure adequate rent being charged for the land.
The Parish welcomed a new Priest in Charge Rev’d Jo Wood – the Trust did not meet in person during the 2021 year due to COVID restrictions/threat but meetings will resume in the 2022 financial year to support the Trust through the ongoing rent review process and to resume normal operational methods.
## **Ormesby St Michael Townland Trust Accounts to October 2021**
||||||**Ormesby St Michael Townland Trust**
**Accounts to October 2021**||||||
|---|---|---|---|---|---|---|---|---|---|---|
|**Income**|||||**Expenditure**||||||
||**Rent**|**Interest**|**Misc**|||**Maint**|**Support**|**Misc**|**Balance at 31.10.20**||
|S CHANEY RENT|7,247.29||||Michael Paul Consultancy (1198)|||2,545.80|COIF|8,152.55|
|R LANHAM RENT CASH|20.00||||Envelopes and stamps for Christmas Cheques||33.20||Treas a/c|54,048.70|
|K COLEMAN RENT CHQ|100.00||||Christmas Cheques 34@£115(1200-1233)||3,910.00||Cash|27.52|
|MILLER RENT CHQ|100.00||||PCC Grass Cutting (1234)|375.00|||NFU|28,353.03|
|S CHANEY RENT|7,247.29||||T Stansfield Fees(1235)|||427.04|Cheque||
|S CHANEY RENT|7,247.29||||PCC CCTV Maintenance(1238)|228.40|||**Total**|**90,581.80**|
|S CHANEY RENT|7,247.29||||P J Plumbing (1240)|100.56|||||
||||||Michael Paul Consultancy (1241)|||1,740.00|**Balance at 31.10.21**||
||||||1st Class Fire(1242)|64.56|||COIF|8,153.53|
|COIF INTEREST||0.98|||Ecclesiastical Insurance(1243)|||475.45|Treas a/c|73,741.01|
|NFU Interest(reinvested)|||342.51||P J Plumbing (1244)|40.80|||Cash|21.65|
|NFU Fund(Value Increase)|||4,183.44||||||NFU|32,327.42|
||||||||||Cheque||
||||||||||||
||||||||||**Total**|**114,243.61**|
||||||||||||
||||||||||**check**|**114,243.61**|
||||||||||**error**|**0.00**|
||||||NFU MonthlyPortfolio Charges|||133.46|||
||||||||||||
||||||||||||
||**29209.16**|**0.98**|**4,525.95**||||||||
||**Income**
**33,736.09**|||||**809.32**|**3,943.20**|**5,321.75**|||
||||||**Expenditure**||**10,074.27**||||
||||||||**Surplus**
**23,661.82**||||
THE CHUFICH
OF ENCLAND
Diocese of Norwich
Independent Examiners Certificate
Raport to the tru$teesl mtmbers of:
On accounts for the year ended..
Charlty no Ilf any):
I report to the twstees on my examinauon of the accounts of the above charity l-the Tiusfi for the
year ended ?0,1 4 ts,x?I
Responsibllitles and basls of report
As the charity's trustees. you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 1.the Act.).
I report in rnspect of my examinakn'on of the Trust's ac¢ounts carried out under section 145 of the 2011
Act and in carrying out my examination. I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the Act.
Independent examlnevs statsment
I have completed my ex8minalion. I confirni Ihat no mateiial matters have come to my attention in
COnnlI0n with the examinatio
which gives me cause to believe
that in. any material respect".
• the acc{nI1ng records were not kept in accordance with section 130 of the Charities Act.. or
the awunts did not accord with the acUntIng records.. or
the aCunts did not mplY with the applicable requirements concerning the fomi and Content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an
Independent examinalron.
I have no concern$ and have come across no other mallers in connection with the examination to
whiGh attention should be drawn In this report in order lo enable a proper understanding of the
accounts to be aChed.
' Please de18t8 the words in the brackets if they do not apply.
Signad..
Dale..
Name:
ER
Oct 2018
Dlsclosure
Only complete if the examiner needs to highlight material matters of
concern (see CC32, Independent examination of charity accounts: directions
and guidance for examiners),