Church Estate and Headborough Trust
Annual Report 2024
Charity Number
254975
Trustees
The members of the Parochial Church Council of St Nicholas Church, Dereham. The list of those members for 2024 is held by the PCC Secretary
Introduction
The Church Estate and Headborough Charity was created by the amalgamation of three smaller charities in 1982. The purpose of the charity is to administer and manage its assets to raise funds for the upkeep of the charity’s properties and land. Any clear income to be applied towards the upkeep and repair of St Nicholas, the maintenance of services therein and other religious and charitable purposes of the Church of England in the parish that the Trustees think fit.
Management
The Trust is managed on behalf of the trustees by a small committee consisting of the Reverend Canon Paul Cubitt, (Team Rector and Chair) Mark Thorpe (Treasurer), Sheila Hanmer (Secretary), Martin Hajee, Kate Baldry, Derrick Watts, Julie Benstead, Tim Eccleshall
Clare Jones who is the administrator for the Dereham and District Benefice is paid for two hours a week to administer all aspects of Church House bookings.
Church House
During 2024 a new cooker was purchased for Church House kitchen by a kind donation. This has improved the cooking facilities greatly.
The hall bookings have kept up well and the income from this has increased this year by £3000 approx. Unfortunately, we have had several leaks from the roof this year and we are budgeting for a complete renovation of the roof in 2025. Because of one leak in the small room on the top floor used by the Dereham Heritage Trust they have been offered two thirds of the large room also on the top floor which they use for storage.
The small downstairs office is still occupied by North Breckland Youth for Christ. A nominal rent is paid of £50 per month and they contribute £20 towards energy costs.
Church Cottage
Church Cottage is a small dwelling attached to Church House. The property is managed for us by a letting agent. The new tenants were initially very happy in the cottage but as the winter progressed, they were experiencing problems with condensation on the windows and patches of mold in the house. Plans were put in hand to rectify this by installing a heavy-duty extractor fan in the bathroom and a cooker hood with an extractor fan in the kitchen. Advice was given about good circulation of air within the property at all times. A complete refurbishment of the windows will be undertaken by Rob Bygrave of MJ’s Carpentry and Joinery Services
Allotments
The Allotment gardens are situated on land at the west end of St Nicholas churchyard. For many years this land has been used to provide allotments for parishioners. Two of the fourteen plots were rented by one tenant during 2024. Because all the other plots had fallen into a state of extreme neglect and no interest has been shown by any would be tenants a small working party from the congregation of St Nicholas have set about clearing the site. This started in 2022 and has continued throughout 2023 and 2024. Many van loads of scrap metal have been removed along with asbestos, concrete and a skip load of plastic rubbish etc. This has been helped by the open access provided via the next-door house which is being restored and the continuing lack of boundary fence. By the end of the year renovations to Becclesgate House were completed and a boundary fence erected.
There are a variety of ideas forthcoming for the future of this plot but nothing settled as yet.
CHURCH ESTATE AND HEADBOROUGH CHARITY
| Accounts 2024 Income Donatons From PCC & NBYFC towards energy costs From MNS for lock repairs Operatng actvites to further objectves Pety cash Operatng actvites to generate funds Allotments Hall & Room hire Cotage rent Other Investment income Investments Bank interest Total gross receipts NBYFC - North Breckland Youth for Christ MNS – Mid Norfolk Singers |
2024 2023 862 972 0 252 303.76 338.25 34.00 24 15319 12145 8580 7344.48 93.01 4269.97 3970.34 99.27 104.16 |
|---|---|
| 29561.01 25151 |
CHURCH ESTATE AND HEADBOROUGH CHARITY
| Accounts 2024 Expenditure In furtherance of charitable actvites Energy Water Insurance - Church House Cleaning- Church House Repairs and Maint. Church House Insurance Church Cotage Repairs to Church Cotage Allotments Gif to Church Other Management costs Administraton Pety cash Total gross expenditure Other not gross expenditure Transfer to Charifund 18th, 17th … Repayment Total not gross expenditure |
2024 2023 4146.65 2855.16 298 350 1258.79 1216.82 2872.48 2056.41 725.14 25162.23 420.53 407.9 750 3995 592.33 2328 0 1000 318.10 1073.06 1332.68 656.21 0 0 |
|---|---|
| 12714.7 41100 |
|
| 1400 0 1400 |
|
| 1400 1400 |
CHURCH ESTATE AND HEADBOROUGH CHARITY
| Accounts 2024 Summary Net income minus paymentsb Cash funds at last year end c Cash funds at this year’s end Cash funds Saver Account Community Account Pety Cash Permanent Endowment 1. Investment assets |
2024 2023 15446.31 -17349 9766.92 27117 |
|---|---|
| 25213.23 9768 |
|
| 9683.14 5314 15212.47 4223 317.62 231 |
|
| 25213.23 9768 |
|
| value value |
| 2023 4744.412 units in Charifund 2024 4839.920 units in Charifund |
31/12/2024 31/12/202 3 68081.84 71262.98 |
|---|---|
| 71262.98 68081 |
2. Fixed assets
Church House
Church Cottage Church Estate Allotment Gardens
Notes to the accounts
- The Trustees have made the eighteenth of twenty-five payments
to replace monies borrowed from the permanent endowment
to renovate Church Cottage, as required by the Charity Commission
- There are no disclosable transactions in respect of Trustees, persons closely connected with them or other related parties
b - Payments includes expenses + payments to endowment
c - the anomaly here is due to rounding up and down last year and not this year
CHURCH ESTATE AND HEADBOROUGH CHARITY
Treasurers comments on the 2024 End of Year Financial Statement
Over the year the charity’s gross income has been £29561.01 and its expenses £14114.70 (The expenses amount includes our yearly payment of £1400 to the permanent endowment. Although strictly speaking the charity still has this £1400, it is now tied up)
This gives a net profit for the year of £15446.31
There was £9766.92 at the end of 2023 which means there is £25213.23 in the bank so to speak
You may notice that unfortunately there was no gift to the PCC this year, this is because of the urgent need of funds for the Church House and Church Cottage roofs
As of December this year the investment assets have increased in their valve back to where they were in March 2022 but dropped in value a bit in the later half og last year to £71262.
The net profits of the individual assets are detailed below.
There was a contribution towards energy costs from the PCC (£612) and a contribution from the Tuesday Bible study group (£303)
Asset profts
In working out these net profits I have taken off expenses running costs repairs etc but not repairs etc that are improving the condition of the assets that will last over several years e.g. window repairs
Church House profits = £6890 42% of gross income Church Cottage profits = £7409 86% of gross income
Investments = £4369
Allotments = £34 100% of gross income
J M Thorpe 10/2/25
Church Estate and Headborough Trust
Annual Report 2024
Charity Number
254975
Trustees
The members of the Parochial Church Council of St Nicholas Church, Dereham. The list of those members for 2024 is held by the PCC Secretary
Introduction
The Church Estate and Headborough Charity was created by the amalgamation of three smaller charities in 1982. The purpose of the charity is to administer and manage its assets to raise funds for the upkeep of the charity’s properties and land. Any clear income to be applied towards the upkeep and repair of St Nicholas, the maintenance of services therein and other religious and charitable purposes of the Church of England in the parish that the Trustees think fit.
Management
The Trust is managed on behalf of the trustees by a small committee consisting of the Reverend Canon Paul Cubitt, (Team Rector and Chair) Mark Thorpe (Treasurer), Sheila Hanmer (Secretary), Martin Hajee, Kate Baldry, Derrick Watts, Julie Benstead, Tim Eccleshall
Clare Jones who is the administrator for the Dereham and District Benefice is paid for two hours a week to administer all aspects of Church House bookings.
Church House
During 2024 a new cooker was purchased for Church House kitchen by a kind donation. This has improved the cooking facilities greatly.
The hall bookings have kept up well and the income from this has increased this year by £3000 approx. Unfortunately, we have had several leaks from the roof this year and we are budgeting for a complete renovation of the roof in 2025. Because of one leak in the small room on the top floor used by the Dereham Heritage Trust they have been offered two thirds of the large room also on the top floor which they use for storage.
The small downstairs office is still occupied by North Breckland Youth for Christ. A nominal rent is paid of £50 per month and they contribute £20 towards energy costs.
Church Cottage
Church Cottage is a small dwelling attached to Church House. The property is managed for us by a letting agent. The new tenants were initially very happy in the cottage but as the winter progressed, they were experiencing problems with condensation on the windows and patches of mold in the house. Plans were put in hand to rectify this by installing a heavy-duty extractor fan in the bathroom and a cooker hood with an extractor fan in the kitchen. Advice was given about good circulation of air within the property at all times. A complete refurbishment of the windows will be undertaken by Rob Bygrave of MJ’s Carpentry and Joinery Services
Allotments
The Allotment gardens are situated on land at the west end of St Nicholas churchyard. For many years this land has been used to provide allotments for parishioners. Two of the fourteen plots were rented by one tenant during 2024. Because all the other plots had fallen into a state of extreme neglect and no interest has been shown by any would be tenants a small working party from the congregation of St Nicholas have set about clearing the site. This started in 2022 and has continued throughout 2023 and 2024. Many van loads of scrap metal have been removed along with asbestos, concrete and a skip load of plastic rubbish etc. This has been helped by the open access provided via the next-door house which is being restored and the continuing lack of boundary fence. By the end of the year renovations to Becclesgate House were completed and a boundary fence erected.
There are a variety of ideas forthcoming for the future of this plot but nothing settled as yet.
CHURCH ESTATE AND HEADBOROUGH CHARITY
| Accounts 2024 Income Donatons From PCC & NBYFC towards energy costs From MNS for lock repairs Operatng actvites to further objectves Pety cash Operatng actvites to generate funds Allotments Hall & Room hire Cotage rent Other Investment income Investments Bank interest Total gross receipts NBYFC - North Breckland Youth for Christ MNS – Mid Norfolk Singers |
2024 2023 862 972 0 252 303.76 338.25 34.00 24 15319 12145 8580 7344.48 93.01 4269.97 3970.34 99.27 104.16 |
|---|---|
| 29561.01 25151 |
CHURCH ESTATE AND HEADBOROUGH CHARITY
| Accounts 2024 Expenditure In furtherance of charitable actvites Energy Water Insurance - Church House Cleaning- Church House Repairs and Maint. Church House Insurance Church Cotage Repairs to Church Cotage Allotments Gif to Church Other Management costs Administraton Pety cash Total gross expenditure Other not gross expenditure Transfer to Charifund 18th, 17th … Repayment Total not gross expenditure |
2024 2023 4146.65 2855.16 298 350 1258.79 1216.82 2872.48 2056.41 725.14 25162.23 420.53 407.9 750 3995 592.33 2328 0 1000 318.10 1073.06 1332.68 656.21 0 0 |
|---|---|
| 12714.7 41100 |
|
| 1400 0 1400 |
|
| 1400 1400 |
CHURCH ESTATE AND HEADBOROUGH CHARITY
| Accounts 2024 Summary Net income minus paymentsb Cash funds at last year end c Cash funds at this year’s end Cash funds Saver Account Community Account Pety Cash Permanent Endowment 1. Investment assets |
2024 2023 15446.31 -17349 9766.92 27117 |
|---|---|
| 25213.23 9768 |
|
| 9683.14 5314 15212.47 4223 317.62 231 |
|
| 25213.23 9768 |
|
| value value |
| 2023 4744.412 units in Charifund 2024 4839.920 units in Charifund |
31/12/2024 31/12/202 3 68081.84 71262.98 |
|---|---|
| 71262.98 68081 |
2. Fixed assets
Church House
Church Cottage Church Estate Allotment Gardens
Notes to the accounts
- The Trustees have made the eighteenth of twenty-five payments
to replace monies borrowed from the permanent endowment
to renovate Church Cottage, as required by the Charity Commission
- There are no disclosable transactions in respect of Trustees, persons closely connected with them or other related parties
b - Payments includes expenses + payments to endowment
c - the anomaly here is due to rounding up and down last year and not this year
CHURCH ESTATE AND HEADBOROUGH CHARITY
Treasurers comments on the 2024 End of Year Financial Statement
Over the year the charity’s gross income has been £29561.01 and its expenses £14114.70 (The expenses amount includes our yearly payment of £1400 to the permanent endowment. Although strictly speaking the charity still has this £1400, it is now tied up)
This gives a net profit for the year of £15446.31
There was £9766.92 at the end of 2023 which means there is £25213.23 in the bank so to speak
You may notice that unfortunately there was no gift to the PCC this year, this is because of the urgent need of funds for the Church House and Church Cottage roofs
As of December this year the investment assets have increased in their valve back to where they were in March 2022 but dropped in value a bit in the later half og last year to £71262.
The net profits of the individual assets are detailed below.
There was a contribution towards energy costs from the PCC (£612) and a contribution from the Tuesday Bible study group (£303)
Asset profts
In working out these net profits I have taken off expenses running costs repairs etc but not repairs etc that are improving the condition of the assets that will last over several years e.g. window repairs
Church House profits = £6890 42% of gross income Church Cottage profits = £7409 86% of gross income
Investments = £4369
Allotments = £34 100% of gross income
J M Thorpe 10/2/25
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Independent Examinerfs Report Report to the trusteesl members of Church Estate and Headborough Charity On accounts for the year ended 31 December 2024 Charity No 254975 I report to the trustees on my examination of the accounts of the above tharity (llhe Trusf) for the year end&d 3111212024 Responsibilities and As the charity trustees of the Trust. you are restM)nsible for the basis of report preparation of the accounts in accordan with the requ1Ments of the Chartties Act 2011 (Yhe Acf). I report in respect of my examinatton of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applirable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independent I have completed my examination. I confirm that no material matters examiner's statement have come to my attention in connection wtth the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan with section 130 of the Act or the accounts do not accord with the accounting records I have no concems and have ccKne across no other matters in connection with the examination to which attention should be drawn in order to eapro nderstanding of the acwunts to be reached. Signed: Date: Name: Alison Cranmer. AC offi Servi Relevant professional qualification(s) or body {rfany): MIAgSA ICB MLR 2017 Superviston Licen 5376 Address: 24 Quebec Road. Deharn. Norfolk, NR19 2DR