## **/Ormesby St Michael Townlands Trust Charity No: 239623** ## **Trustees Annual Report for Financial Year 01/11/2022 – 31/10/2023** ## **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 2023** Rent review for the land at Scratby has been completed aided by third party agents, Michael Paul Consultancy with support from Diocesan solicitors. The review accumulated to an arbitration which faced delays due to conflict of interests identified, however after working with a new arbitrator a new rent value was agreed on between both parties and back rent settled to the initial review date. The Trustees agreed to begin review for widening the scope of support around the Parish over the next year. **Ormesby St Michael Townland Trust Accounts to October 2023** **----- Start of picture text -----**
Income Expenditure
Rent Interest Misc Maint Support Misc Balance at 31.10.22
S CHANEY RENT 7,247.29 Correction to listed payment - CHQ 1337 paid @ 165 not 135 - ok to leave @ higher amount 30.00 COIF 8,201.80
COLEMAN RENT CHEQUE 100.00 T STANSFIELD CLERKSBSERVICES + EXPENSES (1343) 516.66 Treas a/c 85,045.27
PCC GRANT - MARRIOTT SECURITY INV 26285+26345 (1344) 728.40 * 2 VOID
MILLER RENT CHEQUE 100.00 XMAS SUPPORT CHEQUES -1345 - 1382 36 @ 150each * (1 CASH WITHDRAW 001382) 5,400.00 Cash 11.06
PCC GRANT - MAPLE TREE SVCS + Q4 22 CLEANER (1383) 485.00
PJ PLUMBING (1384) 102.00
LANHAM RENT (CASH) 20.00 MARRIOTT SECURITY PCC GRANT (1385) 72.20 NFU 28,369.43
S CHANEY RENT 7,247.29 HIRST FARMS HEATING OIL (1386) 874.67 Cheque - 211.60
S CHANEY BACK RENT 27,279.81 T STANSFIELD - REPAY FOR VIKINGS DIRECT PCC GRANT (1387) 788.40 Total 121,415.96
S CHANEY BACK RENT 25,000.00 VOCALVALE LTD PCC GRANT INVOICE 184302 133.20
S CHANEY RENT 12,000.00 VOCALVALE LTD PCC GRANT INVOICE 183989 18.00 Balance at 31.10.23
S CHANEY RENT 12,000.00 HIRST FARMS LTD ARBITRATION 6,674.40 COIF 8,520.35
HIRST FARMS LTD PCC GRANT 2022 ELECTRICITY 606.76 Treas a/c 131,063.50
MICHAEL PAUL CONSU MPC-546 4,362.00 Cash 31.06
COIF INTEREST 318.55 1ST CLASS FIRE PRO PCC GRANT INV60579 98.16 NFU 30,060.29
NFU Interest (reinvested) 578.31 MICHAEL PAUL CONSU MPC-423 3,720.00 Cheque - 1,050.00
NFU Fund (Value Increase) 1,243.12 ORMESBY ST MICHAEL PCC GRANT 391.56
AUDIO ELECTRONIC D PCC GRANT INV 2128 204.00 Total 168,625.20
Cancelled cheque YE22 - no longer o/s 100 ECCLESIASTICAL INS 06/CBP/910420 503.85
MR D M MACFARLANE GRANT 12,000.00 check 168,625.20
AJGIBL GBP CLIENT PCC GRANT - INV 527014391 1,780.90
CHURCHES FIRE SECU PCC GRANT INVOICESI23-128404 728.40
ORMESBY ST MICHAEL PCC - q1 23CLEANER GRANT 135.00 error 0.00
ORMESBY ST MICHAEL PCC - Q2 23CLEANER GRANT 135.00 * 1 VOID + 1 CANCELLED
SUMMER SUPPORT CHEQUES (1388 - 1419) 30 @ 150 EACH * (1 CASH WITHDRAW 001419) 4,500.00
MR B J LOADES SUMMER SUPPORT GRANT 150.00
MR J MIJATOVIC SUMMER SUPPORT GRANT 150.00
MS B BROWN SUMMER SUPPORT GRANT 150.00
AG & SJ ALDERMAN SUMMER SUPPORT GRANT 150.00
FREDERICK POLLEY SUMMER SUPPORT GRANT 150.00
1ST CLASS FIRE PRO PCC GRANT INV63653 156.00
NFU Monthly Portfolio Charges 130.57
NFU Fund (Value Decrease)
90994.39 896.86 1,343.12
Income 93,234.37 6,011.49 24,106.16 15,907.48
Expenditure 46,025.13
Surplus 47,209.24
Cheque balance b/fwd - 211.60
CHQ1328 not cashed - cancelled - reverse from o/s cheques 100.00
CHQ 1341 Cashed Nov22 141.60
CHQ 1395 Cashed Nov23 - 150.00
CHQ 1399 Cashed Nov23 - 150.00
CHQ 1401 Cashed Nov23 - 150.00
CHQ 1403 Cashed Nov23 - 150.00
CHQ 1405 Cashed Nov23 - 150.00
CHQ 1418 Cashed Dec23 - 150.00
CHQ 1419 Cashed Dec23 - 150.00
Cheque balance c/fwd - 1,020.00 30.00
**----- End of picture text -----**
THE CHURCH OF ENGLAND Diocese of Norwich Independent Examiners Certificate Report to the tru¥tsesl members of.. T&￿1 O{V. 2023 On a￿OUnts lor th• ygar endgd: 31s Charity no Ilf any).. I report to th8 trust888 on my gxamin8Yon of th& 8¢)￿nts of the 8ik)ve charity fth8 Tnjst") lor the year8nded31 lic i z3. Re•pon$lbllltle¥ and ot v•port As the charivs trustees. you are respon8itAe for the Fff8parai￿I ofthe acc4Junts in aceordance wth the requiremnts ol the Chanties Act 2011 llh& Acri. I report in respecl of my examinalK￿ of the TrLkSt'$ actcwnts cgrnied out under ￿ti0ft 14$ of the 2011 Act and in c8rrying Ixjl my ex8rnin8tion, I have follow￿1 811 th8 applubl• Dir•thons givon by th& Charity Commission under section 145(Sllbl ol th• Ac Indynd•nt •xamSn•V• •t•tsm•nt I havè comp￿taIj my èxaminalion. I confimi that no matenal matt•rs hav8 com& lo my attention In connection wrth the examination I whKh ￿Ve6 rne cause to believe Ih81 in, any m8t8ri81 respect.. • accounting r8cc*ds worè rK)t in aetsJrd#nco With soction 130 ofthe Charftles A¢. or • the accounts did not acwrd Vlth th& accountiNJ rwd8: or • the 8ccounls did c(*nply wtth tha 8ppli¢abkn requlren*nts ujnceming the form and contant of accoLtnts set out in the Charities IAco)unts aThJ RèFthsl Rè9ul8tion$ 2008 other than any r￿U￿r￿Ment that thg a¢¢ounts gwe a 'lwe arKI la￿ YEW is ¢)ot a matter considered as part of an independenl e¥amlnalic￿. I have no COn￿m9 8nd have cThne across no other matters in connection ￿ thè exBmin8tion to which 8tt8ntKsn should l* drgwn in thls reF¥Xt In to enabl8 a proper unde￿la￿lIng of the acox¢ntS to be reached. ' Please del&t& tl* the lJrnGkels rftlw do ap￿Y. Signed.. Dat8". Zcz e IV,-¥e Narne.. d41 BKo(k IER Oct 2018 Ralevant professlonal qualiliG4tion(sl or body Irf any) M*'d Y gt4 5F& £30 Srttion B 0l•elo8ur• Onty complete If the examiner needs to hi8hli8ht maierlal matters of concern (see CC32, Independent examination of charity accounts.. directions and 8UbdOn￿ for examiners). Glve here brt detalls ol Zlny item5 that th• examiner w5shes to dlsclose IER Oct 2018