/Ormesby St Michael Townlands Trust
Charity No: 239623
Trustees Annual Report for Financial Year 01/11/2023 – 31/10/2024
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) M Harper A Lanham JSL Hirst E Cooper R Hirst D Hunt V Allen – Added Jan 24
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.
Review of achievements in 2024
Victoria Allen was welcomed as a trustee in January 2024. Frank Nudd Resigned as a trustee in January 2024
Church 5 Yearly inspection report completed and presented to trustees as potential areas for support required for maintenance and upkeep improvements to the Church.
Trustee’s were informed that the title register to lands held by the trust are not entirely accurate. VA suggested to look at moving to a CIO status. Trustees agreed to investigate this further in second half of year to look to move to a CIO status in next financial year. Coordination of this will be led by Victoria Allen and supported by solicitors.
Ongoing support provided to parishioners of St Michaels and trustees reviewed further scope of support within the parish to make best utilisation of funds held by the Trust following rent review completion.
Ormesby St Michael Townland Trust Accounts to October 2024
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Income Expenditure
Rent Interest Misc Maint Support Misc Balance at 31.10.23
13/12/2023 LANHAM RENT (CASH) 20.00 17/11/2023 NFU Transfer (FPO) 50,000.00 COIF 8,520.35
28/12/2023 S CHANEY RENT 12,000.00 17/11/2023 COIF Transfer (1421) 50,000.00 Treas a/c 131,063.50
25/03/2024 S CHANEY RENT 12,000.00 17/11/2023 G Lanham - reissue Chq 1420 150.00 Cash 31.06
26/06/2024 S CHANEY RENT 12,000.00 04/12/2023 1ST CLASS FIRE PRO 400000001255708358 INV64210 122482 10 03DEC23 18:55 144.00 NFU 30,060.29
22/08/2024 Coleman RENT CHEQUE 100.00 13/12/2023 2Christmas Supprt Cheques (1422-1449) 1 void (27 @ 200 each) 5,400.00 Cheque - 1,050.00
09/09/2024 MILLER RENT CHEQUE 100.00 13/12/2023 Christmas + Summer Support Grant - K Coleman (1450) 350.00
26/09/2024 S CHANEY RENT 12,000.00 19/12/2023 COIF Transfer (FPO) 20,000.00
20/12/2023 PCC - Cleaner Grant (FPO) 135.00
01/02/2024 PCC Cheque Reimbursement (from Grass cutting) 850.00 20/12/2023 Maple Tree Svcs (FPO) 1,320.00 Total 168,625.20
21/12/2023 Murrant Family Services (FPO) 2,561.80
Transfers 22/12/2023 J & H RICHMOND 200.00 Balance at 31.10.24
COIF 70,000.00 22/12/2023 MR W LANHAM 200.00 COIF 81,786.26
NFU 50,000.00 22/12/2023 MR GEORGE LANHAM 200.00 Treas a/c 29,496.62
22/12/2023 MRS E HEWITT 200.00 Cash 51.06
COIF INTEREST 3265.91 22/12/2023 AG & SJ ALDERMAN 200.00 NFU 86,825.62
NFU Interest (reinvested) 1,229.39 22/12/2023 MR J MIJATOVIC 200.00 Cheque - 325.00
NFU Fund (Value Increase) 7,558.72 22/12/2023 MS B BROWN 200.00
22/12/2023 MR B J LOADES 200.00 Total 197,834.56
22/12/2023 FREDERICK POLLEY 200.00
08/01/2024 Tiffany Stansfield (Clerks Services/Expenses) 573.96 check 197,834.56
25/01/2024 Vocalvale (FPO) 1,029.60
25/01/2024 D C Hunt Engineers (FPO) 892.02
31/01/2024 HFS - PCC Grant (FPO) 190.75 error 0.00
05/02/2024 M Harper - Reimbursement of costs 36.99
01/03/2024 PJ PLUMBING HEATIN 191.95
18/04/2024 1ST CLASS FIRE PRO 206.10
18/04/2024 D C HUNT ENGINEERS 480.00
18/04/2024 AUDIO ELECTRONIC D 4 586.80
20/05/2024 AUDIO ELECTRONIC D 1,911.80
10/06/2024 ORMESBY ST MICHAEL 156.07
10/06/2024 ECCLESIASTICAL INS 503.84
10/07/2024 BARRY HARDING 100.00
10/07/2024 CHURCHES FIRE SECU 100.32
19/07/2024 Gutter workks - G Bensley (1452) 600.00
15/08/2024 Summer Support Grant (1453-1476) 24 @ 175 each) 4,200.00
15/08/2024 ORMESBY ST MICHAEL 428.00
20/08/2024 BETTY BARBARA GIDN 175.00
20/08/2024 MR G L CANNON 175.00
20/08/2024 J & H RICHMOND 175.00
20/08/2024 MR W LANHAM 175.00
20/08/2024 MR GEORGE LANHAM 175.00
20/08/2024 MRS E HEWITT 175.00
20/08/2024 AG & SJ ALDERMAN 175.00
20/08/2024 MR J MIJATOVIC 175.00
20/08/2024 MS B BROWN 175.00
20/08/2024 MR B J LOADES 175.00
20/08/2024 FREDERICK POLLEY 175.00
20/08/2024 MR D M MACFARLANE 175.00
06/09/2024 CHURCHES FIRE SECU 400000001422752287 SI24-0066560 401160 10 06SEP24 09:58 786.67
26/09/2024 AJGIBL GBP CLIENT 400000001433524313 REF 25835629 308012 10 26SEP24 10:00 1,800.21
16/10/2024 1ST CLASS FIRE PRO 600000001440279857 INV68449 122482 10 16OCT24 09:06 156.00
16/10/2024 MR BARRY HARDING 500000001440564693 INV 3042 209921 10 16OCT24 08:20 1,000.00
NFU Portfolio Charges 272.79
48220.00 4495.30 128408.72 NFU Charge for investment 1,750.00
Income 181,124.02 10,009.10 17,471.62 124,433.95
Expenditure 151,914.67 p
49,050.00 Surplus 29,209.35
Cheque balance b/fwd - 1,050.00
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 1418 Cashed Dec23 150.00
CHQ 1419 Cashed Dec23 150.00
CHQ 1405 Check as uncashed from 2023 - 150.00
CHQ 1472 - cashed Nov 24 - 175.00
Cheque balance c/fwd - 325.00
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Ormesby St Michael Townland Trust
Summary of NFU Investment Fund
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Unit Statement Ordinary
DATE Unit Balance Unit Price FUND VALUE Amount£ Description
Movement Gain/Loss Value
30/09/2023 23,967.70 125.42 30,060.29 - 83.89 - 30,304.78 Balance
01/10/2023 -9.4367 23,958.27 124.62 29,856.79 - 203.50 - 11.76 30,293.02 Portfolio Charge
06/10/2023 285.0073 24,243.27 123.66 29,979.23 122.44 352.44 30,645.46 Income Reinvestment
01/11/2023 -9.798 24,233.47 123.29 29,877.45 - 101.78 - 12.08 30,633.38 Portfolio Charge Opening balance 30,304.78
21/11/2023 37816.4433 62,049.92 127.59 79,169.49 49,292.04 48,250.00 78,883.38 Investment (50,000 less 1750 chg Monthly Admin Fees - 272.79
01/12/2023 -14.288 62,035.63 127.80 79,281.53 112.04 - 18.26 78,865.12 Portfolio Charge Interest Reinvested 1,229.39
31/12/2023 62,035.63 133.45 82,786.55 3,505.01 - 78,865.12 Balance Funds Invested 48,250.00
02/01/2024 -6.48 62,029.15 132.87 82,418.13 - 368.42 - 8.61 78,856.51 Portfolio Charge Ordinary Fund Value 79,511.38
01/02/2024 -20.8255 62,008.32 131.33 81,435.53 - 982.60 - 27.35 78,829.16 Portfolio Charge Unit Price Fluctuation Cost - 7,314.24
01/03/2024 -19.2446 61,989.08 133.18 82,557.06 1,121.52 - 25.63 78,803.53 Portfolio Charge FUND INCREASE/DECREASE 7,558.72
31/03/2024 61,989.08 136.04 84,329.94 1,772.89 - 78,803.53 Balance
02/04/2024 -20.6046 61,968.48 135.31 83,849.54 - 480.40 - 27.88 78,775.65 Portfolio Charge
09/04/2024 648.296 62,616.77 135.27 84,701.71 852.16 876.95 79,652.60 Income Reinvestment
01/05/2024 -20.2964 62,596.47 134.26 84,042.03 - 659.68 - 27.25 79,625.35 Portfolio Charge
03/06/2024 -20.7306 62,575.74 137.43 85,997.85 1,955.82 - 28.49 79,596.86 Portfolio Charge
30/06/2024 62,575.74 138.03 86,373.30 375.45 - 79,596.86 Balance
01/07/2024 -20.2252 62,555.52 137.65 86,107.67 - 265.63 - 27.84 79,569.02 Portfolio Charge
01/08/2024 -20.892 62,534.63 138.57 86,654.23 546.56 - 28.95 79,540.07 Portfolio Charge
02/09/2024 -20.6834 62,513.94 138.71 86,713.09 58.86 - 28.69 79,511.38 Portfolio Charge
30/09/2024 62,513.94 138.89 86,825.62 112.53 - 79,511.38 Balance
62,513.94 - - 79,511.38
62,513.94 - - - 79,511.38
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FUND VALUE 91,000.00 90,000.00 89,000.00 88,000.00 87,000.00 86,000.00 85,000.00 84,000.00 83,000.00 82,000.00 81,000.00 80,000.00 79,000.00 78,000.00 77,000.00 76,000.00 75,000.00 74,000.00 73,000.00 72,000.00 71,000.00 70,000.00 69,000.00 68,000.00 67,000.00 66,000.00 65,000.00 64,000.00 63,000.00 62,000.00 61,000.00 60,000.00 59,000.00 58,000.00 57,000.00 56,000.00 55,000.00 54,000.00 53,000.00 52,000.00 51,000.00 50,000.00 49,000.00 48,000.00 47,000.00 46,000.00 45,000.00 44,000.00 43,000.00 42,000.00 41,000.00 40,000.00 39,000.00 38,000.00 37,000.00 36,000.00 35,000.00 34,000.00 33,000.00 32,000.00 31,000.00 30,000.00 29,000.00 28,000.00 27,000.00 26,000.00 25,000.00 24,000.00 23,000.00 22,000.00 30/09/2023 30/09/20
THE CHURCH OF ENGLAND Diocese of Norwich Independent Examiners Certificate R•port to the trust•esl membors of: On accounts for tho year ended: Charlty no (If any): 315k o &k.b zaz I report to the trustees on my examination of th8 accounts of the a8 charity (Ihe Trusf) for the year erKled 311 10 I Zty. Responslbllltles and basls of report As the charitys tnjstees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Acf). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act arKI in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examlnerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with th8 examination ( ) which glves mè cause to believe that in. any material respect.. . the accounting records wer8 not kept in accordance with section 130 of the Charities Act. or . the accounts did not acwrd wilh the accounting records. or . the accounts did not comply with the applicable requirements conceming 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 Irue and fairf view whbch is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper underslanding of the accounts to be reached. ' Please delete the words in the brackets rfthey do not apply. Signed: Date.. zo i¥ sk zfyis Name: Wli cldd ERock IER Oct 2018