## **Trustees’ annual report for the period** From: 1 January 2024 To: 31 December 2024 Charity name: The Church Estate, Chalgrove Charity registration number: 254896 Company number: Not Applicable ## **Objectives and Activities** ||**SORP**
**reference**|| |---|---|---| |Summary of the purposes of the
charity as set out in its governing
document|Para 1.17|The charity’s objects are the repair, improvement and maintenance
of the fabric and furniture of the Parish Church of Chalgrove and
the maintenance of the services thereof.| |Summary of the main activities in
relation to those purposes for the
public benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17
and 1.19|The fixed asset investments of the charity are held as endowment
funds.
The policies adopted in furtherance of these objects are generating
income for the charity’s investments and making grants to the
Parochial Church Council of Chalgrove Parish Church and there
has been no change in these during the year.
The charity continues to generate income through the rental of its
investment properties. The income is applied to achieve the
objects of the charity by way of providing photocopying facilities to
support services, and grants to the Parochial Church Council for
the maintenance of the fabric of the church.| |Statement confirming whether the
trustees have had regard to the
guidance issued by the Charity
Commission on public benefit.|Para 1.18|The Trustees have paid due regard to the guidance issued by the
Charity Commission on public benefit in deciding what activities
the charity should undertake.| |**Additional information (optional)**
You may choose to include further statements where relevant about:||| ||**SORP**
**reference**|| |Policy on grant making|Para 1.38|| |Policy on social investment including
program related investment|Para 1.38|| |Contribution made by volunteers|Para 1.38|| |Other||| ## **Achievements and Performance** ||**SORP**
**reference**|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its beneficiaries
and any wider benefits to society
as a whole.|Para 1.20|The charity met five times during the year.
The Trustees continued discussions with their agents, Carter
Jonas LLP, regarding the 2022 rent review under the lease for The
Red Lion, together with commencing the 2025 rent review.
Discussions were held during the year regarding the maintenance
of the Church Cottage properties, especially No 6 which may
require some extensive repairs to the gable wall.
The Trustees closed the NatWest bank account and transferred
funds to CAF bank, an online banking system
The Trustees have commenced a review of the Trust Schemes,
together with an associated review of the property held in the
permanent endowment.
The Trustees continued to support the Parochial Church Council of
St. Mary’s Church, Chalgrove with the maintenance of the fabric
and services, including the update of a virtual tour app for use in
Saint Mary’s Church.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||**SORP**
**reference**|| |---|---|---| |Achievements against objectives set|Para 1.41|| |Performance of fundraising activities
against objectives set|Para 1.41|| |Investment performance against
objectives|Para 1.41|| |Other||| ## **Financial Review** ||**SORP**
**reference**|| |---|---|---| |Review of the charity’s financial
position at the end of the period|Para 1.21|The charity continues to accumulate funds through careful
investment and management of its properties enabling it to make
grants to the Parochial Church Council of Chalgrove Parish
Church.
Mindful of the economic situation and the financial implications for
this charity all monies are placed on deposit and invested carefully
with the Central Board of Finance for the Church of England.| |Statement explaining the policy for
holding reserves stating why they
are held|Para 1.22|As a grant making charity with reasonably predictable income
sources, the trustees consider that the current level of unrestricted
reserves is sufficient for winding up of the charity.
A reserve fund (Extraordinary Repair Fund) is maintained for the
purpose of providing for the extraordinary repair, improvement
extension or rebuilding of the Parish Church of Chalgrove.| |Amount of reserves held|Para 1.22|£6,370.99| |Reasons for holding zero reserves|Para 1.22|| |Details of fund materially in deficit|Para 1.24|| |Explanation of any uncertainties
about the charity continuing as a
going concern|Para 1.23|| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||**SORP**
**reference**|| |---|---|---| |The charity’s principal sources of
funds (including any fundraising)|Para 1.47|| |Investment policy and objectives
including any social investment policy
adopted|Para 1.46|| |A description of the principal risks
facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |**Description of charity’s trusts:**|**SORP**
**reference**|| |---|---|---| |Type of governing document: eg
trust deed, memorandum and
articles of association etc.|Para 1.25|The charity was established by a charitable trust deed on 29 March
1887 as varied by a Scheme of 15 May 1967 and 22 August 1990.| |How is the charity constituted? eg
limited company, unincorporated
association, CIO|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to appoint
one or more trustees|Para 1.25|The trust deed stipulates seven trustees comprising three ex officio
trustees, two nominative trustees and two co-optative trustees.
The Vicar and Churchwardens of Chalgrove Parish Church are ex-
officio trustees.
The Nominative trustees are appointed by the Parochial Church
Council of Chalgrove Parish Church.
The Co-optative trustees are appointed by the other trustees.
Co-optative trustees serve for five years and the other trustees for
four years respectively.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||**SORP**
**reference**|| |---|---|---| |Policies and procedures adopted
for the induction and training of
trustees|Para 1.51|On appointment trustees sign a declaration of acceptance and
willingness to act in the trust of the Charity in the Minute Book.
Copies of the trust deeds are provided.
Trustee induction is an informal process with serving trustees
explaining the background, relevant issues, risk factors and
financial position to incoming trustees.| |The charity’s organisational
structure and any wider network
with which the charity works|Para 1.51|The Charity is managed by the Board of Trustees who meet at
least four times during the year.
The Trustees delegate the day to day management of the rental
properties to letting agents Carter Jonas LLP.| |Relationship with any related
parties|Para 1.51|| |Other||The Trustees have assessed the major risks to which the charity is
exposed and are satisfied that systems and procedures are in
place to mitigate exposure to those risks.| ## **Reference and Administrative Details** |Charity name|The Church Estate, Chalgrove| |---|---| |Other name the charity uses|Chalgrove Church Estate| |Registered charity number|254896| |Charity’s principal address|The Vicarage, 58 Brinkinfield Road, Chalgrove, Oxford OX44 7QX| ## **Names of the charity trustees who manage the charity** |**1**
**2**
**3**
**4**
**5**
**6**
**7**
**8**
**9**
**10**
**11**|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**| |---|---|---|---|---| ||Reverend Michael Lakey|Chairman|N/A|| ||Mrs S W Brown|Secretary|N/A|| ||Mrs P Hunt||N/A|| ||Mr B Spicer||N/A|| ||Mrs J Reeves||N/A|| ||Mr Mark Wasmuth|Treasurer|N/A|| ||Mr Michael Jacques||N/A|| |||||| |||||| |||||| |||||| **Reference and Administrative Details (cont)** Corporate trustees – names of the directors at the date the report was approved **Director name** ## Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** |Description of the assets held in
this capacity|The charity holds funds of £69.37 as custodian for the Chalgrove Ecclesiastical
Charity, registered number 275431.| |---|---| |Name and objects of the charity on
whose behalf the assets are held
and how this falls within the
custodian charity’s objects|The Chalgrove Ecclesiastical Charity receives income from investments and
expends on services for sermons and holy communion.| |Details of arrangements for safe
custody and segregation of such
assets from the charity’s own
assets|The funds are invested in the CBF Church of England Investment Fund.| ## **Additional information (optional)** ## **Names and addresses of advisers (optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** Declarations The company has taken advantage of the small companies. exemption in Fyeparing the re￿rt above. The trustees dedare that they have approved the trustees. rep)rt li￿lUdIng directors, report) above. Signed on behalf of the charity's trusteesldirectors Signaturels) Full name(s) Reverend Michael Lakey Position (for example Secretary, Chair. etc.) Trustee, Chairman Date -2024 **----- Start of picture text -----**
The Church Estate, Chalgrove 254896
Receipts and payments accounts CC16a
For the period 1st Jan 2024 31st Dec 2024
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations and gifts - - - - 27
Interest income 1,859 - - 1,859 1,769
Dividend income 3,934 - - 3,934 3,874
Rental income 64,354 - - 64,354 80,925
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 70,147 ] - - 70,147 86,595
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 70,147 - - 70,147 86,595
A3 Payments
Management costs 41,760 - - 41,760 43,757
Grant funding of activities 22,907 - - 22,907 19,122
Governance Costs 420 - - 420 405
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 65,087 ] - - 65,087 63,284
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 65,087 - - 65,087 63,284
Net of receipts/(payments) 5,060 - - 5,060 23,311
A5 Transfers between funds - - - - -
A6 Cash funds last year end 118,605 - - 118,605 95,294
Cash funds this year end 123,665 - - 123,665 118,605
**----- End of picture text -----**
CCXX R1 accounts (SS) 07/04/2025 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Investment properties
Shareholdings
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Retainer held by Carter Jones
Retainer held by Carter Jones for Red Lion
Main Account
Less cheques written in current year but
not cleared
Deposit account
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**14,351**
**-**
**-**
**-**
**109,314**
**-**
**123,665**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**1,000**
**-**
**8,095**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Endowment
**-**
Endowment
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**| |---|---|---|---| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**1,015,000**
**151,350**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval| Signed by one or two trustees on behalf of all the trustees CCXX R2 accounts (SS) 07/04/2025 2 ## CHARITY COMMISSION **Independent examiner's** FOR ENGLAND ANO WALES **report on the accounts** **Section A Independent Examiner's Report** **s/[Charity Name ] Report to the truste members of[The Church Estate, Chalgrove ] 31[st ] December 2024 254896 On accounts for the year Charity no ended (if any)** **Set out on pages 1-2** **(remember to include lhe page numbers of additional sheets)** **I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended , d !, ,,\ , , '**[1] , . **Responsibilities and As the charity trustees of the Trust, you are responsible for the preparationbasis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").** **I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.** **Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention ( other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:** - **accounting records were not kept in accordance with section 130 of the Act or** - **the accounts do not accord with the accounting records** **I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. *** _Please delete the words in the brackets if they do not apply._ **Signed:** ~~**I**~~ ~~_�_~~ _o'ic:,s;_ **Date:** I _2-