## **/Ormesby St Michael Townlands Trust Charity No: 239623** ## **Trustees Annual Report for Financial Year 01/11/2021 – 31/10/2022** ## **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) 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, and to support parishioners in the Ormesby St Michael Parish (limited to this area only) with support cheques twice in the year around July and December. ## **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. As well as this the potential for negative impact on relationship with tenant at Scratby following the rent review arbitration result – to be monitored and managed accordingly. ## **Review of achievements in 2022** 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 review is still ongoing and has been pushed to arbitration by the tenant at Scratby. Regular updates are provided by our agent and discussions around relative rent proposals ongoing. The Trust held one during the 2022 financial year due to the latent ongoing restrictions and concern surround COVID-19. The trustees have continued to keep in touch via phone/email to support the Trust through the ongoing rent review process and any applicable grant requests when needed. ## **Ormesby St Michael Townland Trust Accounts to October 2022** **----- Start of picture text -----**
Income Expenditure
Rent Interest Misc Maint Support Misc Balance at 31.10.21
S CHANEY RENT 7,247.29 D HUNT INV 2661 (1247) 141.00 COIF 8,153.53
COLEMAN RENT CHEQUE 100.00 1ST CLASS FIRE INV 53586 (1248) 115.20 Treas a/c 73,741.01
MILLER RENT CHEQUE 100.00 ST MICHAEL PCC (MOLE CATCHER/INSURANCE) (1249) 1,548.49 Cash 21.65
LANHAM RENT (CASH) 20.00 MARRIOTTS SECURITY (PCC GRANT) (1251) 1,251.00 NFU 32,327.42
S CHANEY RENT 7,247.29 ST MICHAEL PCC (GRASS CUTTING/UTILITIES) (1252) 1,513.70 Cheque
S CHANEY RENT 7,247.29 T STANSFIELD CLERK FEES (1253) 457.78 Total 114,243.61
S CHANEY RENT 7,247.29 XMAS CHEQUES (36 @ £122EACH) (1254 - 1290)** 4,392.00
PJ PLUMBING INV 20447 (1293) 100.56 Balance at 31.10.22
ST MICHAEL PCC GRANTS (1294) 774.33 COIF 8,201.80
COIF INTEREST 48.27 MARRIOTTS SECURITY (PCC GRANT) (1295) 74.84 Treas a/c 85,045.27
NFU Interest (reinvested) 432.11 T STANSFIELD (LIEU OF FIRST CLASS) (66.96) 66.96 Cash 17.13
NFU Fund (Value Increase) ECCLESIASTICAL INS (1297) 503.85 NFU 28,369.43
SUMMER CHEQUES ((36 @ £100 EACH) (1298-1332) 3600 Cheque - 241.60
ENVELOPES + 2ND CLASS STAMPS X32 (CASH) 23.26
VOCALVALE INV 182556 (1333) 120 Total 121,392.03
D EDMONDS HEIGHT BARRIER (1334) 1500
MARRIOTT SECURITY PCC GRANT (1335) 398.4 check 121,392.03
ST MICHAEL PCC CESS PIT (1336) 173.75
ST MICHAEL PCC CLEANER Apr-June (1337) 135
ST MICHAEL PCC CLEANER Jul - Sept (1338) 135 error - 0.00
TRINISTAS - CHURCH INSURANCE (1339) 1551.4
REVD JO WOOD EXPENSES (1340) 24.24
1ST CLASS FIRE INV 58227 (1341) 141.6
NFU Monthly Portfolio Charges 136.44
NFU Fund (Value Decrease) 3,662.32
29209.16 480.38 -
Income 29,689.54 8,189.83 7,992.00 6,359.29
Expenditure 22,541.12
Surplus 7,148.42
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** CHQ 1291/1292 REPLACES CHQ 1268 Independent Examiners Certificate Report to the truste•$l members of: On accounts for the year endod: o"Lz Charfty no (Ifanyl: I report to the trustees on my examination of the accounlg of the above ch8rity {°Ihe TrusVI for the year ended 311 1 o I￿11. Responsibilities and basls of report As the charity's tnjstees, you 8re responsible for the prep8ratSon of tho accounts in accordance with the requirements of tho Charities Act 2011 1.the Acl"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Ch8rity Commissiors under section 145151(bl of the Act. Independent examlnerfs ststement I have completed my examination. I confirm that no material mallers have come lo my attention in connection with the examination which gives me cause lo believe thal in, any material respect= • the accounting records were not kept in accordance with section 330 of the Charities Act., or the accounts did not ac¢ord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and c4)ntent 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 examinatlon. I have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order lo enable a proper understandin9 of the accounts lo be reached. ' Please delete the words In the brackets if Ihey do not apply. Sign8d.' Dale: Name..