CHARITY NUMBER 240301
THE COMMUNITY OF THE RESURRECTION
OF OUR LORD
FINANCIAL STATEMENTS
30 APRIL 2025

THE COMMUNITY OF THE RESURRECTION OF OUR LORD
GENERAL INFORMATION
Trustees
Mr B V Wakeham
Mr A W A Cameron
Miss S Hennessy
Charity Number
240301
Solicitors
Charles Russell Speechlys LLP
5 Fleet Place
London
EC4M 7RD
Address
Charles Russell Speechlys LLP
5 Fleet Pla
London
EC4M 7RD
Independent Examiner
Roger J Seaton FCA
23 Greenhill Park
Barnel
Herls
EN5 1HQ
Inveslment Managers
CCLA Investment Management Limited
The CBF Church of England Funds
Senator House
85 Queen Victoria Street
London
EC4V 4ET
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THE COMMUNITY OF THE RESURRECTION OF OUR LORD
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The Trustees have pleasure in presenting their report and aeeounls for the year ended 30 April 2025.
The Trust is managed by Trustee5 who have auttK)rity for overseeing the activities of the charity. There
are no 5ub-commillees. The original Tluslees were appointed at the inceplion of Ihe Trust. Subsequenl
Trustees musl be domIc￿led in Great Britain and a member of the Anglican Communion. The power of
appointment is exercised jointly by the Superior. Assistant Superior and Novice Mislress of the Order.
If they do not make an appointment within six months of being asked to, persons as detailed in the Trust
Deed may make an appointment on their behalf.
CONSTITUTION
The Trust is registered as a charity under number 240301. 11 was established by a Trust Deed dated 8
Jurie 1903. In accordance wilh a Scheme dated 24 July 2006, Ihe custodian of the Charity is the
Archbishop's Council.
OBJECTS
The object of the Trust for Ihe public benefit is lo support the work of The Communrty of the Resurrection
of Our Lord, Grahamslown. South Africa Ilhe "Communily l. This support includes providing for the
maintenance of the buildings and the general costs of the Community.
Further lo a deed dated 1 March 2(KJ6, in Ihe evenl that the Community is dissolved or cease5 to exi51,
the Trustees are to apply the income and capital of the Trust in relieving poverty amongst former
members of the Communily and. subject lo Ihal. in furthering Ihe religious and other charitable work of
the Anglican Church In South Africa.
REVIEW OF ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR
The TT4JStees confirm that they have had due regard lo Ihe Charity Commission's guidance on public
benefit when reviewing objectNes and aclivilies.
The Tiusl has continued lo pay 9ran15 in support of the work of ihe Community which is. itself, registered
a5 a Public Benefil Organisalion in Soulh Africa. The Trustees have mainlained close links with the
Community and two of their number are frequent visitors to il. As the Community faces Ihe challenge5
of old age and reducing nurnbers. and examines ils lo￿ and future. the Trustees have conlinued their
ongoing work with the Communily in South Africa, ils advisers. and Mother Kekelehlso elecled In the
previous year. lo ascertain how besl lo deliver grants lo where they are most needed and will be most
effeclive, lo Ihe benefil of the wider communily.
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THE COMMUNITY OF THE RESURRECTION OF OUR LORD
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
REVIEW OF FINANCIAL ACTMTIES
The accounts are prepared on the receipts and payments basis of accounling. The income for the year
was £62,42012024.. £61.138). The expenditure amounted to £65.477 (2024.. £67.042).
There was a decrease in nel current assels for the year of £6,398. Unrealised inveslmenl losses lolalled
£92,256 12024.. gains £135,304). Fund balances carried forward amount lo £2.253.100 12024
£2,351.7S4) of which £2,156.299 {2024.' £2.248,5551 is held in an end(Iwment fvnd.
RISK ASSESSMENT
The Tnjslees have examined the principal areas of the Trust's &livily and ￿nSIdered the major Tisks
which may arise. In the opinion of the Trvstees, the Trust has esiablished a process and reviewed
systems which. under normal conditions. should allow the major risks identified by them lo be managed
lo an acceptable level.
INVESTMENT POWERS. POLICY AND PERFORMANCE
The Trustees, inveslmenl powers are governed by the Tnjsl Deed, vthKh permits Ihe Trustees lo invest
in such stock, shares arKI inveslmenls as they see fil.
The Trustees. p￿iCY is to seek retums over Ihe long temi lo:
provide for real increase in annual expendilufe
preserve the capital base of the Fund
This policy involves invesling the Trust's assets lor a balanced relurn as between income and capital.
The Fund's investments have continued to be managed in conformity with our policy and Ihe Trusl Deed.
The TnJstees have noted the poor performance of Ihe inveslmenls over the year against comparators,
after a lengthy period of salislaclory performance. and are resdved lo keep future performance under
careful review.
RESERVES POLICY
The Trustees have considered Ihe reserves held by the Tnjst as al 30 April 2025.
The Trust needs reserves bolh lo enable il to progress its long term aims and to prolecl ils current
activities. in order to allow the Trustees lo meet their responsibililies and ensure that il continues lo fulfil
ils obligations. The Trustees have examined the needs, risks and challenges faced by the Trusl in both
the short and medium term. and have formulated a policy lo meel those needs.
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THE COMMUNITY OF THE RESURRECTION OF OUR LORD
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
The Trustees note that the unrestricted funds. which at the year end date sloi)d al £96.801 {2024:
£103, 1991, exceeded Iheir medium term target. The Trustees note that reserves in general will be
3dequale to meet working capital requirements ar￿ lo hedge against future nsks. including the element
of risk arising Ifom any future downturn in income receivable from the investments held.
The Iruslee5' intention is broadfy to largel reserves of £50.000 {i.e. around the level of one year's
income) bul having regard a￿ayS lo the financial needs ofihe Charity and of the Community. Increasing
costs of care of members of the Community and Iheir health insurance premiums will continue lo pul
pressure on the reserves. The Trustees review the tolal reserves position regularfy. in coniunclion with
investment performance and Iheir assessment of risks. 11 is anlicipaled that future granl-making will
bring the reseryes lo around the largel level.
GRANT-MAKING POLICY
The general policy is lo disburse grants taking into account the known needs of Ihe Community
communicaled by the Molher Superior, funds available. investment performance and Ihe reserves
posilion. This year, responding lo specific requests from the Community {and having regard lo other
resources of the Communily locally) Ihe Trustees awarded gfanls of £55.562 12024.. £59,307} Irotn
unreslficled funds, in accordance with Iheii long term commilmenl lo supporling Ihe work of the
Cornmunily.
FUTURE PLANS
The Trustees intend to continue supporting the Community lo best meel its needs and eharilable
objectives.
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THE COMMUNITY OF THE RESURRECTION OF OUR LORD
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees. Annual Report and the accounls in accordance
with applicable law and United Kingdom A¢xounling Standards (United Kingdom Generally Accepted
Accounling Practice).
The law applicable lo charities In EnglaThJ and Wales requires the Trustees to Pfepare financial
sl8lemenls for each financial year which give a true and fair view of the 51ale of affairs of the charity.
and of the incoming resources and application of resources of Ihe chanty for that period. In preparing
these financial slalemenls, the Trustees ￿e required to-
select suitable accounting policies and then apply them ¢onsistently.'
observe Ihe method5 arKI principles in the Charities SORP,.
make judgments and estimates that are reasonable and prudent-
stale whelher applicable UK accounting standards have been followed. subject to any malerial
departures di5dosed and explained in the financial stslemenls., and
prepare the financial slatements on the going concern basis unless il is inappropriate lo presume
that the charity will continue in operation.
The Trustees are resp)nsible for keeping proper accountiThJ re￿rdS that disdose with reasonable
accuracy al any lime the financial position of the charity and enable Ihem to ensure Ihal the financial
slalemenls comply wilh the Charit￿5 Act 2011, the Charity (Accounts and Reporls} Regulations 2008
and the provisions of the Irusl deed. They are also responsible for safeguarding Ihe assets of the charity
and hence for taking reasonable steps for the prevention and detection of fraud and other irregul8Tilies.
Approved by the Trustee5 on
February 2026
and signed on
heir behalf by
Chairman
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Awil 202% are set 10.
the requirements oflhe Charitie5 A& 2011 ('the Arf).
and in carryinq out my ew#natw)n I have frJlk7*vJ all the appfKAtrAe Direcaions given by the Charity
26 Fekw 2028

THE COMMUNITY OF THE RESURRECTION OF OUR LORD
RECEIPTS AND PAYMENTS
ACCOUNT
FOR THE YEAR ENDED 30 APRIL
2025
Notes
Unrestrlcted
funds
2025
2024
In¢ome
Investment income
Bank
interest
62,118
302
62,118
302
60,896
242
Total
income
62.420
62.420
61.138
Expenditure
Charitable activities
Grants
Sundry expenses
Governance costs
55,562
55,562
59.307
122
7.613
9.915
9.915
Total expenditure
65.477
65,477
67.042
Net (expenditure)
income
(3,0571
13.0571
15,904
Balance al bank brought forward
a11May
2024
105.416
105.416
111.320
Balance at bank caNi8d forward
at 30 April
2025
102,359
102,359
105,416
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THE COMMUNITY OF THE RESURRECTION OF
OUR LORD
STATEMENT OF ASSETS AND
LIABILITIES
AS AT 30 APRIL 2025
Notes
2025
2024
Fixed
assets
Investments- al market
value
2,154.082
2,246,338
Current
assets
Balance al bank
102,359
105,416
Current
Ilability
Accrual - professional
charges
3,341
Net current assels
99,018
105,416
Net assets
2,253.11)0
2.351,754
Fund$
Endowment fund
2.156,299
96,801
2.253,100
2.248.555
103.199
2,351,754
Unreslricled funds
Approved by the Truslees and aulhorised for issue
on Jg/ l_ February 2026 and s￿ned on their
beha5f by:
Trustees
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THE COMMUNITY OF THE RESURRECTION OF
OUR LORD
NOTES TO THE
ACCOUNTS
AS AT 30 APRIL 202$
1. Accounting policles
al Basis of accounting
The accounts are prepared on a receipts and
payments basis.
b) Investment incomg
Investment income and bank interest is accounted for
on receipt.
c) Charitable actlvities and
gov8fnance costs
Charitable activities comprise all costs which are directly attributable lo the objects of
the
charity. Grants and other expenses are recognised when a conslruclive or legal
obligation
to the recipient has been created by
the charity.
Governance costs comprise the cosls of stslulory compSiance
including legal ￿1vIce.
dl Fixed asset
investments
Fixed asset inveslmenls are slated al market value in the statement of assets and
Realise¢J gains I losses on investments are calculated as Ihe ￿rferen￿ between the
disposal
proceeds and the markel value of the investments at the end of the
previous year_
Unrealised gains I losse5 on investments are calculated as the difference belween
Ihe market
value al the end of the current year and the market value at the end of the previous
year.
el Endowm•fit fund
The endowment fund is a pemianent endowfflenl subj'ecl to a limited access to
capital. The
income from the permanent endowment fund is able to be applied for any purpose
within the
charity's obj'ects and so is shown as unreslricled income in the receipt5 and
paymenls a¢coLJnls.
2. Governance costs
Governance costs all relate lo transactions for professional services with Chades
Russell
Speechlys LLP on an arm's Eength basis. A W A Cameron, one of the Iruslees. was
a parlner in
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Ihis firm. The Truslees review the proVis￿n ol Ihese services lo ensure best practice
is uphdd.
The Trustees did not receive any renumeration or reimbursements
during the year.
3. Grants
Granls lo Ihe Comrnunily in South
Africa
General purposes granl
Grant for the publication of a history of the
Community
GTant for retiring Superior's customary
sabbatical
Grants for Superiorfs
travel costs
2025
2024
55,000
562
54,700
3.500
1,107
55,562
59,307
10
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THE COMMUNITY OF THE RESURRECTION OF
OUR LORD
NOTES TO THE ACCOUNTS
(CONTINUED)
AS AT 30 APRIL 2025
2025
2024
4. Fixed assel
investments
Quoted investments in Central Board of
Finance
Market value as at 1 May
2024
Nel gains (losses)
unrealised
Market value as al 30
April 2025
2.246.338
2,111,034
{92,2561
135,304
2,1 $4,082
2,246.338
Cost as at 30 April 2025
211.549
211.549
5. Endowment fund
Balance as at 1 May 2024 brought
forward
Unrealised nel gains (losse5) on
investments
Balance as al 30 April 2025 carried
foThvard
2.248,555
2,113,251
192,2561
135.304
2,156,299
2,248.555
The endowment fund consists of the ￿lginal endowment fund established in 1903.
These are
permanenl endowments, subject lo an exlremely limited power lo resort lo capital up
£1,000 for any purpose at the requesl of the Superior.
6. Analysis of funds
Investments
Net
Total
current
assets
Endowment
fund
Unreslricled fund
2.154,082
2,217
2.156,299
96,801
99.018
96.801
2,253.100
2.154.082
11
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