Redland Chapel Trust TRUSTEES. ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS for ihe year ended 31 March 2025 RegisLered Charity Numkr.. 255141
Redland Chapel Trust CONTENTS PAge Genernl infomiaiiot) R¢FK)rt ()f Ihe TTusI¢ Independent examiner'5 rerort 8u¢¢m¢ni of ljnartcial acri%'iti¢s BalanLe 5h¢¢t NiitLs ti) thL finanLial 5tsLtements 7- 14 Registered Charity NumEtr.' 255141
Redland Chapel Trust GENERAL INFORMATION The Trust ivas founded in 1749 and is goiemed M. its rnles and is a RegISred Charity No. 255141. TRUSTEES Trusieés Prot. D N C'larke (Tesigned 101512025 The Ven¢rable B¢Lkv Il'aring 51912(1241 B Wtil)rt F MacDou8all lappoinied 5112120251 Cy-ONave TrM.$lee.s A CMil¥s CIKiirmo A I.uLu5 Clerk io ihe Trusieex 511)()wns Pk W¢5t IILnlLJ/ 1156 7Ql. INVESTMENT lANAGERs 45 (JfL'%hdm %t I.'C'2V 711(i INDEPENDEPT EIAMifER J()%hua KinB51iin.145¥.. F'CA Ilurl(In l.imit¢d 5 1.drlLigh Ci)urt ()Id WLsion Road l.-lai Iliiurton Llri5tol 11848 1 IIR Registrred Charity NumE¢r.' 255141
Redland Chapel Trust REPORT OF THE TRUSTEES for Ihe )"¢ar ended 31 Mah 2025 Reference administrative information The Redlan(I Ch4p¢I Tru%L IL% a(Imini%wJtii"¢ i)tTILY ai the a(klr¢55 (?f ihe C.l¢rk. Mr p n'ci)n(Ir. 51 D(ii¥ns P¢wk Wesl HLnleaze, Brisiol, BS6 7QL. It is regisiered iiith Chari1% Commissionets in England and Wales under num 255141. Th¢ Trust a5 founded in 1749 was r¢giSt¢r as a Lhiwil!. 1968. It 15 gui'¢m¥LI by its. Tul¢s an(1 Lhuril schemes dated 20 Februat!, 1961. 12 DeLemb¢r 197), and 9 Jun¢ 1987. Strutturei govern911te, 9nd mgnagement The Charity is adminisiered by the Trusiees #s sei oui in th¢ general infomiaiion on ge l. ThL Trusi presLribL'S that Ihere should be three Nominaili.L irustces lonc cach Irom ihc (S ol'Rcdland Parish Church and I1'LtbUTh Parish C"hurch and the ihird is ihe Arehdeacon ol. Brisiol Diocese). l-he poi¥er {)( appointing nLw .1 rusiLLS 15 I'Lsicd in ihL Loniinuin8 -1 rusiccs. InduLiion and iraining of neil .1 ruslcLs c()InpfisLS an inilial mLLling with thL chaiM li)IltsiiLxi b% further 4Jis¢ussion iiith the S¢Lr¢iary' in¥esln)en(s. th¢ grani making pro¢¥ss dnd th¢ p)w¥rs and r¢swnsibiliiics ofr'th¢ TrUx%. Objectives #nd activitiej ThL ()bJLXliLs c)I' thL lhI¢v are. in ordcr ijf pri()ril%'. io applv th¢ incthmc T¢11'¢d in delraving the co8t c)I' repJir8 Jnd insurJn¥¢ c)I' R¥dland C'hap¢l It%%. th¥ l>arish C'hur¥h ol. R¢dland l)Jrishl. in mainuining an ¥xiraÉ)rJinary ripair lund liir thL LhapLI and IhL' MiniblL'r's housc and assisiin8. ai IhL I ru%iLL' disLrLii(In. thL IiLar i)I' thL' pari%h i)I' lILdId in thL EKrrI)rniQL 4)I' hi.% duti¢s b), makiny a ¥rani ()r L(Inirihuiln l(1 hi5 %[irn. '] hL inL()mL may al%ii l?L appliLd, at thi 'l'ru%liL % di%LrLlii)n, i(} %upplLmLni ihL .%tiPLn4J thL I'icar (If thL LxLILsi&%liLal puri%h ()f WL%ibury- iin-'l rym ()r in Luntribuling tti thL mainlLnlL impN)i LynLmi uf thL Piif5()ll4WL hi)USL. l. inallN. IhL inLiimL 1% i() k. arrliLd i() furthLf thL reli8ious and other Lharithble Ork of thL C'huTLh ()r i..n8land in IhL puri%hL.% ()I' RLxllunLI WL%IburN)n-'j n rn. 'I'hL 'I'ru$i¢¢s confimi Ih¢ir invesimcni li¢V is proi.ide a balan¢e of in¢om¢ and p11 gr()iith. 'll)¢ 'l'ru¥t¢Ls 'Lk i(1 mdiniJin d sum, Iri)m limi Ic) iimL in IhL' libhi c)I' pr(ibJblL. fuiuTL' LxrKndiiurL. in Lti%h rL%L'ThL'% Il MLLI that L.XPLndiiurL. ThL' mdna8L'mL'ni ol. IhL' I rusl in%L?simLnLs is dL.ILYJLL to I.LIn M'ho TLPi)Tt ()n a rLgular h&%15 t(1 IhL I'ru51iL5. 'I'hi 'l'rust¥¢s alw riwli'e se¢k. wh¢r¢ w)ssible. Lts fyifLI their ihariubli (knj¢iL% pr()vidin& funds io Lh¥ PiLrish¢s III. RLdland Jnd WL.%ibur%'%)n-I"n'm LmJblL' and LnLC)uragL LaLh i)I'l) FYaTiShL% lil undLYtakL liin¥Lr-ILmi pri)jLL% ti) LxpJnd and dLNLlI)p ihL %1[)raI aLl1111L5 Ln thLir rL%fxLILI'L parishLS. In LXLYLisin8 thL-I TUSI-s ¥harithblL L?bjLis'. th¢"I'rust¢¢s hai¢ ¥onsider¢d and aT¢ Mt15fied ihai ihert are no connirts of inre5l. The uncertainiv in the sioek markei is a CL£m. This conLinues be moniLored b> ihe Trusiees under the advi and guidanLL of iheir in%'esimeni advisers. Hoiie%"er. Lt has noi adi'ersel> arrecled the Trusi's ability li) luifil ILS charitablL objects. Thi'-frust¢LS ix?nfirm that in 5¢tting the obje¢tii'e5 orth¢ Tntsi th¢%" hJi"¢ ¢iTrmpli¢d ii.iih the dut>' in 5eLiiiin 4 1)f th¢ ChJritie% AL( 201110 ha%e due re8ard LL) publLL ner1(gUillance published b% the Charit) Cc)mmi%sii)n. Financial Review In the N'vJr, the Charitv had nei d¢fieii for lh¢ vrai of £17.173 being £21.637 nei ¢xp¢nditur¢ hefi)re ini¢%Lmenl gain and £4.464 Bains on invcsimcnis 12024.. nc( Surplus ot-£72.9971. Thc iothl nci asscts ol. thc Charit!. are £1.435.f24 12024.. £1,452.6971."I'h¢ e¥p¢ndilure deticit Illg largeh. due to cotnpleting the quinquennial M'orks on the Tricarag¢. uring th¢ th¢ Chdriis. dbl¢ Lo inorrJx Ch1 extwrdinat). pair furKls lo ¢nabl¢ futur¢ ¢xp¢ndilure on the stot1%.ork. "I'he5e account5 have been pre[yar in xcordance ivith current 51atutorv rcquiremen the Tru5t'5 goTreTning dv¢urn¢nts th¢ ch(1(1¢$ SORP IFRS 1021. Registrred Charity NumE¢r.' 255141
Redland Chapel Trust REPORT OF THE TRUSTEES (continued) tor Ihe )"¢ar ended 31 Mah 2025 Reserves policy A minimum leiel ol- rtseThes are held io Loier planned fulure e.%]Yrtdilure. teseTh e leiels ai preseni are higher than this ILI'CI ol actii'iiv. Hoii'cicr si8nitlLani r)UrCeS are likel%. io . rLNuired io asstsi in rcpairs th thc chapcl building. 'I"his will impaci the abiliti of the irusi io proi ide for the other pur5¢5 ol- Ihe 'l"rusi (maintaining ihe I¢)ge JnLI $Up)rtIng the mirtism i)f the iiii) patish¢%l. AiJil#hle re%en"e% held Ji the }¢Ji-enJ are £1,43i.524 12024.. £1,4i2,0971 of iYhi¢h £1,194.34) aTe held in iniesknents 120?4 £1,198,hl 51. The Lapiul resern'e% are a pcrmanLni Lndoi%'mLml'. all othLr rcsL1I'L arL' unrcstricicd bui £93,712 is designa1 for use a8ainsi tuturc costs relaiing to thL C'ha] and ificarage12024.. £IU5.4501 Ifor deLail stt notr 141. Investment Polley 11 Is the l N5t'5 aim to mainiain ihe rvdl I'alue of the ini'esiments ii'hile generaiing inLfjniL io nicLi thL charitV'5 a¢iiiiiii'%. The CJpiial Fund hJs been iY)ofirmcd b% thL ChaTi¢% Commission io bl a p¢mianLni Lndo1Mnl. Achievements and performxnte l)uringJ IhL Lar. thL I rust Lc)niplLtL'd ihe quinquennial works on ihe Redland Parish lCardSC. 'I'he'l rusi also paid ihL inburanLe pr¢rnium und the ryK)r alJrrn r()r R¢Jland cha1. Therc ii'¢rc ni) retvairs d()n¢ t() the C'hupcl building hul Jdditic)ntil work. li' don¢ ort the VicaraBi i4all. Sttement of Trusttes, Responsibilities I'hL Iru%t¥'% arL rl%n.%1Il l<)r prLpiirin¥ th¢ 'fru51Lx%' Anr)uul R¢p()rt th¢ liiianLial %UILniLnL4 in aLLx)rdJnLI 'iih Jppli¢ablL law and Ilnilixi Kingth)m Ai¢cMJniing %unJards (Ilnii¢J Kingdi)m (i¢nirnlli A¥¢ipi¥d A¢ii)untin 'I'hL appliLablL t(1 lhill¥ in England and Walls rLNuirLs thc Lharil) inL%t¢cs l() prLpaTL linanLial stslLmLni% li)r Ldih ii-dr iihiLh gi1¥ d ¢rui fair i'iiii. (bf th¥ %iaic c)r JtTairs (if th¢ ihari¢i (If thL in¢(?min¥ rL'%I)ur¥L% iinLI appli¢aiic>n c)I' .lIr¢¢4 ()I' lh¥ ihJrii)' fi)r thai rI{X1. In ry¢paring ihL finan¢ial %tslLmLnL%. thL iru%lL'% JrL riquir¥'d ti).. SLICLI sui¢ablc a¢¢ouniinB P)Ii¢ic5 and ihcn appl). thLin con5isicndy: mdkl judgLm¢nts and L51imaW's th arL Nanabl¢ and prud¢ni: tJt¥ ivhi4h¢r appli¢abl¢ &¢(iuntin8 Standards h¥i"¢ b¢¢n followcd. subj¢rt to anv mat¢rial d¢panUr that must . dis111)%xi anJ L'xplJind in thi finaniidl tstslLmLnii.' preIre the finJnLidl %LLLements (Trn the 8oinB LM)nLm basis unle%$ il is inappn)PTiaie L(1 pre%ume Lhal Ihe QhaTItN iiill LontinuL in busincss: obsLTrC (hc methods ar principles in thc applicablc Charitics SORP 'I'hc trubtccs ar¢ rcswnsiblc lor k¢cping PTOPCT accoun¢ing rc(ord5 thai di5clo% ii.i¢h rcasonablc accuracv at any tin)c th¢ fin(InLial p)%itiun i?f thi Lharili and imdhli thLm LtTr thai th¢ finiiniial stst¥m¥nLs uimpl%' i¥iih ihi I'hariti¢ ALt 2111 l. thL 4>pIlLabIL ChariiiL% IALxM)unis and Re)rLD RL8ulaiii)ns. anil thL pri)I'isic)n% c)r thL l-rusi dLLd. 'I'hLv arl also rLsponsiblL for saliBuarding thc asse¢s ol- the chariil" and tsking Tcasonablc SLCPS lor the prcvcnlion and detection ol fraud and oih¢r irr¢gularilie5. Approicd b). the truslcc5 on 5 Dccember 2025 and signd on their behalf bv.. A C Miles Registrred Charity NumE¢r.' 255141
Redland Chapel Trust
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
REDLAND CHAPEL TRUST
I report io the trust¢e5 on m!. examinaiion of the accounts of Redland (Tra1 Trust l-the chariry I for the vear ended
31 1r¢h 2n25. IvhiLh (iui pa¥¢_% 5 ts) 14.
Responsibilities and basi5 of report
A% the Iru5te¢s ()l- th¢ Lhariil, N'(iu r¢sw)nsible r()r the preparn¢11 of the acc()unts in acc()rdanLe Miih the
rL4uiremenis ofr'ihe Chariiies ALI 2011 I'the ?01 l Aci'i.
I report in respect of mv examinaiion ofthe charity's accounts carried oui under section 145 of the 2011 Aci and in
LurrviDg Ilut rnv ¢X
Redland Chapel Trust STATEMENT OF FINANCIAL ACTIVITIES for Ihe )"¢ar ended 31 Mah 2025 No 2025 2025 2025 2024 'I'oral Unrestricted Lndoiimient INCUML I.'ROM Investrnents EXPENDITIJRE ON Raising Funits 383 8.528 8.911 8,285 C'haritabl¢ aLtiviljv5 Net income before In¢stMen[ 8ain5 and Ilosse51 IiJ.10g 18.5281 121.6371 11.690 Inv¢sim¢ni gains ond Ilossesl 197 Net moverneni in funds 112.912 14.2611 117.1731 72.YY7 Toithl luniL% at 31 m¢h 2024 14 1345 634 1452 097 1379 700 '[ oiJl lund5 at 31 MarLh 2025 14 All inliime. LxpLndilurL' wLrc ur)rL'strlLIL and m(biLmLni on In%isimLnts' rLlaiL lu ihL mIL1 lnd0'mLnt and ihL C'hJrKI l.'und li)r thL iurr¢ni Jnd prL%xxling %"trar ni)w. 141. 'I'hL L'harit). has no r¢L(Igni5¢d gain$ or l()5s¢s vthcr thL rc5ults for th¢ )'car as sL( i)u¢ All thL liltIe ofthe Charilv are classified as coniinuin8 Six. n()1¥ 13 fi)r r¢%iai¢d ¢omp4r41i%'¢ Stst¥m¢ni Orlan1#1 A¢iiviLy The notcs on pagcs 7 to 14 fonn part of these financial SLqiemcnts Rcgiskrcd Chariis NumEer'. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. Sce rerrt)rt on page 4.
Redland Chapel Trust BALANC.E SIIEET as at 31 March 2025 2025 2024 Restated Note FIXF.I) ASSF.TS InwesimLni 'I'angible fixed at5 -194.34) IY¥,U82 1,198,615 198.082 1,392,427 1,396,697 C'IIRRF.NT ASSF.T8 tk,biors Cash at bank 10 3302 46,555 58,450 50.057 62,672 CIJRRF.NT I.IABif.ITIF.S CrL'Jili)rs.. Amc)urtls tilling du¢ '1th1 onc )' 12 16,9601 16.6721 43,097 56.(KK) 'I'O'l'AI. A%S1'"I'S I.1.:SS C'URRI.'N'I' I.IAIIII.I'I'II.'S 1.435,524 1,452.6Y7 I.'I INI) lJ¢rmtin¢ni l..ndnii'm¢ni Ik'%1bJnaiLd l.unils- unrL'siriLi¢d CiLnLral l.und5- unrestriLd 14 14 14 1.341,373 93.712 43 1.345,634 1,435J24 1,452,0¥7 Thc rnemk"Th haN'c n(It rcquircd thc C-hJrilv 10 olAain an auditofiLs acc()unts for thc vcar in 4UC%tI()n in acLx>rdancc i1(h %LLliiin 144121 (Il'thL c-harilli 2011. 'I'hi Ji¢()unts Jppro%'¢¥J fv th¢ InJsWX'i on 5 IkTh'mb¢r 2025 uiY¥' si8n¢d on thiir tKhaifbv.' CNL A C Nlilc5 A Luca5 The nvt¢b (Ill P4g¢5 7 to 14 fortn part vf finJn¢ial 51al¢tn¢nts Rcgiskrcd Chariis NumEer'. 255141 Th¢ unauditrd fjnancial 5tatcments hal'e i1 subjeaed independent &umination. Sce r¢rrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mah 2025 AC-COUN"I'IN(i POLICILS lal Basi5 of preparation and assessment of going contern Th¢ Redland Chwl Tru%t is an uninLx)rwTrrntd regi¢[¢ Chthi), M'ith the Ch#rilTr Ci)mmi4%itsn. ThL fLgistered i)ftiLL Is il t)iYns Park MLSL Brisiol. BS6 7QL. The prirtLipal obj(lii'es of th¢ charil), are detailed in the RLrort ofthL Trnsiecs tound on page ? of these financial sMentS. The aclounts Ifinancial siaiementsl hai'e been prepared under the hislorical cos1 coni'ention i4.ith items recogni5ed ai cost or ¢ransaciion i'alue unless otheThi"i5e stsied in the relei'ant notes to these aL'U)uDlb. Th¢ l)DunLial s¢alrm¢nts' h¢li"¢ ID ¥t¢rlin¥ 14'hiLh is th¢ funLii(Inal LurrenL) i)f thi 'fru%t, tsnd atnthuni4 are n)und¢d the lL%1 £. Th¢ c)hj¢¢iiith of th¢ Tru41 dfL dLidilLd in the Rl)rt i)l- th¢ Tru%tiLs. Th¢ finartiial _%iaiLmLnts hai'¢ bL'cn PTL'parul irt a¢u)Td)nc¢ ,1¢h the StsiemLni ofr. Recommend¢d Praciicc.. ALcouniing and ReFM)ning b! C haritics preparing their counts in acLordanLe 1th Ihe TrinanLial RerM)rtin8 Standard applicable in ihe UK and RepubliL of IrLland 11.'R% 1021 seLond Ldiiion (k'i(Ik'r 2019 and l.'inancial RLWrting Sthndard appliLJblL in IhL I IniiLd Kin¥d()m und RLpubliL ()f IrLland IFR% 1021 and thL C'hariiic% ALI 21111 and I IK Cicneralli. ALieptLxJ PraLIiLY as It uppli¢5 from l January 2(119 ar¥J theref()re ha5 applicd thc e.¥Lmpli()n r()r small LhuriliL¥ fmm prLparing a SuiLmLnl of C4L%h Fli)i¥s. Thi ¢harii% hos adopd ih¢ ChJritics S()RP Il.-RS 1021 issu¢4 in 0¢Wr 2019 rath¢r than Jpplying lh¢ C'hari¢i¢s 21105 %1)RP ii"hi¥h has bLYn iiithdraiw bui is siill r¢f¢rr¢d LO in th¥ ¢¥uni C'harit1L'.% IALLcTrunLs and RL'rAJris1 RL'8ulaiions 20U8. 'Ihi5 dLry>arturL. li)r thL linanLial stJtL'mLllis ti) bh(iii' a IruL' and fJir i'iL'ii in aLnCL i%iih 1ln1.d Kin8di)m (iLnLrally ALLLPtLQ AILx)untin8 l¥aLIjiX' L.ffLKtive for acwuniin8 wi(MJs bL'8innin8 ()n ()r Jftcr l January 2015. 'I'hL trust ronslilUiCS a public b¢n¢fii ¢niity as d¢fincd ix" l.-RS 102. I'hL' Tru%lL'% Lcin%idLr Ihdi iherL' afL nci MalLal unLcruiniiL% ihL Trn%l'S tihiliL> II) Ll)nlinuL as J gi)ing LiinLLrn. ThL mi)%1 %i8nificani JrL'd% (Trf unLLruiniN thJi JITL[ thL Ldrrn'ing i'JluL lif thL' as5L(5 hLld bv thc Trust arc thc Icicl of inNLsuncni Murn and Ihc pcrforniancc ol. ini'c51mcnl rnarkLt5 ISLX in%'c5tmLnt liC), and pcrfonnancc and risk rnanagcrncni 5cilions ol. the trustccs, annual rctK)rt lor morc inlornialionl. Ibl F¥thd$ 5tr¥¢t¥rY The Capiidl Fund is d rmanent ¢ndoii"menL all oth¢r fun(ts' ar¢ unre5tr1L. Th¢ CtipiLtI Fund is J fund held li) pr(Ii'ide re8ular inLM)me for use in aLLM)rdanL'e i¥iih the objeLL% nf the Lharill. Any unrealised gains or losses arisin8 on iniestments forni part of (he Capi1 Fund. When a gain is rcaliscd. it Is apportioncd kaii"CLm incomc and capitsl aordIng to thc opcning balance. Furthcr inforrnation 15 given in note 13 on pages 13 and 14. lel IncoTne recognition All income 15 r¢cvgnis¢d M"h¢n the Trust Is ¢ntitld to il and that il 15 measurable and probabl¢ that the Trust will reLeiwe ii. Inu)me fr()m iniestmenis is lor h%" reference th the paymeni date ot. distributions and Intere lallin8 due iiithin the accounting period. Inierest on bank and othcr derx)sits is acc4)unicd tor on a rcceipts b&sis: thc amount of anv ac4yucd inicrcst is not material. Rcgiskrcd Chariis NumEer'. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. Sce rerrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mah 2025 ACC'OUNTING POLICILS Iconlinuedl Idl Expenditure recognition l.iHbilili¢5 <ire rx)gnised as ¢¥pwdi1U as s(K)n as there is a l¢gal (Dr LXTrnStTuLiv¢ (Ibligativn wrntnilliD the Lh11 t() expendilure. il is prolmhle ih eul¢tnent i¥ill r¢quired and the ami)unl i)r ihe obligation can measured reliably. All exnd1[Ure is accounted for on an aceruals basis. All eiFnscs including SUPfM)rt costs and goi'ernance c051s are allocaied or atvbrtioned the applicable exFtndiiure headings. For more information on ihis atwibutioin ref¢T In Ixlow. 1¢) Irtteovtrgble 'T Irr¢coi'erabl¢ VAT is ¢hor8¢d J8ainsi th¢ ¢xpendiiur¢ h¢adin8 for which IL was in¢urr¢l. Iri Alloegtion of support and govern*Th¢e tosts Cit)%'LYnance c05tS' Ll)mpriiL' all c()sts involi'in8 the public accounLibiliiv of the Lharily and iis. Li)mpliJnLL %'ith rL&iulation and 8LM)d praL1iLe. ThesL C(Trsts includL ihL' annual indLTLndcni LxaminJti(In and LILrk%' Igl RA11 funds In¢simnI managLm¢ni f¥es ar¢ ¥harBed a8ainsi the &api&l fund. Ihl Galns 2nd lo$$¢s All 8din% and Jre LLken ts) Ihe %uiemeni i)r i.'inanLial ALiiviiies as thth. dri%e. RLdli%ed and 105%C5 lin in%'cslmLnts arc callulaicd as thc dillLTLnLe til.Cen salcs pn)Lccds and thLif OPLning Larrving N'aluc or Ihcir purLha5c Traluc if acquircd subscqucnl lo ihc firsi da!, of thc financial ycar. IlnrLaliscd gains and Iossc5 arc calculalcd as the dilTcrcncc bdii'ccn thc fair Naluc ai thc vcar cnd and thcir carrying valui. Rcaliscd and Unr¢all5 inv¢5th)¢ni gains and 10&5¢5 rombined in th¢ Sial¢m¢ni of l.'inanrial 111 C.'redltors prowislons Crediti)rs and pri)visions are reLM)gnised H'here the eharii!, has a preseni obligaiion resuliin8 from a pasi event that w'ill probabli resuli in ihe transfcr or runds 10 a ihird paril" and ihc amouni due to seiile thc obligation can mcasured or c5timatcd liabIl. C rcditors and proN"ision5 are normallN rccogni5cd al their 5ettl¢m¢ni atnounl aller alloii.ing for ani" irade discounts due. Rcgiskrcd Chariis NumEer'. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. Sce rerrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mah 2025 ACCOUNTING POLICIES Iconiinued) lj} C'ash at bank Cash Ht bank inLlu(le5 cash and 5htkrt highli. liquid ini'estsntnls i¥ith a Short ThaluritN of thTee m()nth5 (Ir1¢55 fr()tn ih¢ £ld¢¢ (?f aLqui5ili()ti (IT ()[in¥ (Ifihc (letK)sil (Ir similar JLL(iunt. Ikl Debtors DLbtor5 fLpfLSLni the inNesthieni income held b). Ihe Investhieni Managers aL the >ear-end. 111 Tgngible Fixed Assets 'lan8ible lixed assets are iniliall). recorded ai eosL I'hL truslLL Ln%uTL ihL Rt'dliind VIL1rge i¥ maiDthinLyJ ID 8IMMJ i)TdLr and %? ni) dLprLLialii)n i% LhargLd <)n th¥ building as ¢hL risidual valu¢ ai lh¢ dts¢¢ ol'JLqvisilion iiJs nSider¢ b%, th¢ irusiL¢s ts) k similar to lh¢ lartving )lu¥ su¢h thai th¢ ol'anv J¢¢umulad d¢prtYiaiion ¢harg¢ ii'ould noi bc maiirial. Im) Invtstmtnt Policy Ini'L%irnLntb arL laluL at thcir mi(kmaTkd i'Jluc ai ihc KglJncL %htti daic. InvL%linLnt rnunagLmLnl uisl4 tsrL iILlI)uniLd liir as inLidLnthl Libls Ill. thl aL4uisilic)n i)r dis¥K)l i%hLrL ¢rantsilLiiI)n-hJ%Ld. i¥hilL ini'L4imLni in¥i)mL munagim¥ni LU$ls th. lh¢¥j as L.%EKnJilurL uui ol- ¢h¢ rLILkani inLx)mL funds. 11nli11l and rulisLxi ins dnd IcissL JfL shoii'n in ihL' %uiLYneni of Financial ALIIi'iiiL Jnd rL'LI)b)ni%L.d in thL C'dplldl Fund%. InN'c5tmcnt inLM)mc is rco)8nixYl in the CJLnLrJl Furwj. In) Flnfinclal In$irnmtnts 'I'hL'I'rusi hJ% cl¢Li¢d w applv ih¢ pr(ii'isii)ns (?r %¢'iii)n I I 'llasiL l.'inan¢ial Instrum¢nts' and %i¢ii()n 12 'l)thir l.inJnii41 InstwminLS Issu¥b 4)ri.'R% 1112 ts) all ofits finan¥ial insiwm¢nts. FinanLial in5trumcnts arc rcwiscd thc Trust bcLx)m(s party (o thc conlrac(ual proi'isions ofthc in5trumLnt. Finaniial assets and liahiliiies are otTsa and the amounrs pre%ented in ihe flnancial %talcmcnls when thcrl 15 a ILgalli' cnlorLrablc righi to scl oll'thc rccogniscd amounts and therc is an inlcnli()n li) s¢tIC ()n a nct ba515 or to rcalisc ihc a55cI and 5cltlc the liabililv simultsncously. BasiL linaniial dS5115. whilh includc irade and othcr rccci%"ablcs and cash and bank balancc5. arc initially mcasurLQ at Iransaltion PTILC inlluding irnnsaLlion costs and are sub5cquenilv Larricd at amortisld L051 using the elT¢ctive inleTtsl Method unle55 the arrangement ron51ituk5 a financinB transaciion, i¥her¢ the rinrflnil1j 5¥1 is mrJsur¢d at th¢ pr¢s¢ni i"alu¢ vf thc future JYr¢ipts di5ciiunL¢d al J mJrk¢i rat¢ of inleresi. Olherfin4nciolas5ets Other till4rtLi41 iniluding tTiid¢ Ini"¢5tM¢n lir¢ initialll" TTreasu1 ai fair N"alu¢, I4thirh ib nvrmallv the tran%aLiion priLe. 8uLh a*%ets are subse4uenLII' Larried al lair ialue the changes in fair fvalue are reLi)gnised in the 8QFA. excepi ihai ini esiments in equi(! instruments thal are nol publiLI% trdded and %'hose tair valucs cannot mc&sured reliabl! are mcasurcd al cosL Ic5s impairnieni. Rcgiskrcd Chariis NumEer'. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. Sce rerrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mah 2025 2 CRI"I"ICAL ACC-OUNI'ING LSI"INIA"I-LS AND JUDGLMLN"IS In the ippIllO1i[}n vf th¢ Tru¥i's aLrvunting )11¢]¢5. lh¢ TTUSt¢tt lir¢ qUIr niak¢ ju(Ig¢m¢nLs, ¢sliTnat¢s and assumptions aEx)ui the Lam ine amount of assets and liabililies are not readili, apparent Irom oihLr sources.'I'he estimate5 and akcIated a55umwions are i>ased on hi510Tical experience and other factor5 that are considered to be relevant. Actual results mav ditTer from these estimates. The estimates and urtderlfvin8 &wImJOn$ are ieiieiied on an ongoing basis. Rel'isions aLcauniing esiimaies arc recognised in thc peri(Kl in ii'hieh the csiima is rciised herC ihe reiision allects only ihat period, or in the period of rei'ision and fuiure riodS ii.here Ihe rel'ision alTects boih current and tulure p¢ri(Kls. Critic&1 g¢tounting jud2tments l.reLhiild land and buildin li is thi juLlgLmLni of ihL Twsi¥es' thai the r¢sidual ialuL thf th¢ frL'ch()Id land and buildir)gs is at least ¢quival¢ni ts) lis Ca1n8 i alu¢ and th¢r¢ttirc no depr¢cio1ion is prokidol for. INVI.:S'I'MI.'NT INC()MI.: 2025 2024 Inl51mLnl inLcTrmL reLLl%'able- I:ndoii'ment l.und in%'esimLmts IniLrLI rLLLikablL 27,174 32.653 211J38 33.776 InLiimc in t¥Trth ¥wrr¢n¢ and prior y¢ars h•s unrcstyi¢d 4 RAISIN(i FIINI) 21125 21124 F.i"clyn managcmcni fcc5 L.'i'LlJn ¢¥¢hang¢1115s on S a¢¢ouni 8,683 228 8.203 112 8.285 BLin8 in rL%PL*I cil.: PLrmanLnt Lndowmcni fund Llnrcstriclcdldcsignalcd lunds 8.528 383 7.924 361 8.285 10 Rc2iskrcd Chariiv NumEer. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. See rerrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mawh 2025 CI IARI'I'ABLL ACI"IVI"I'IL5 2025 2024 Redland Parish.. Insurance on C'hapel and rool-alarni Vicarage ImpTON'ements IchaTged Mini5teT-s Ilouse fund) ViLarJg¢ 111)rk% i)n ILh(W¢ ii) Mini¥tU's Hi)us¢ Fund) 5,465 20,842 3,710 3,059 30.017 3,059 Wesibury-on-Trvm Parish.. Familits Il'orkcr 4,014 4,014 4.014 sup) goi'LYnan¢¢ Ix)sis'. C'lerk t() Ihe"I'NstL'es- supwn eosts Indendent Lxamination-80I'emanLr cosLs 4,663 2,370 4,532 2,196 7,(133 6.72 Total CharitablL athivilies 41.064 'I'hL'I'rust hall n() Lmpli)J¥x'$120?4.. nil) in the )'LYr. All ihwi¢ahli aiiiviij ¢%nlire in tN)th th¢ iijrreni and prM)r i¥¢r¢ Unr¢sw¢d. O INVI.:%I'MI.:Nl' liAIN% ANI) [.()%%}.' 2025 21124 I InreJli%Ld 8JiniiIn5LTr ijn ini'ethLmlS RLali%LxI lin ini'L.siniLni 11.31141 5.11411 68.946 17.(?.IVI 4.4 61Jl)7 'rRUS'I'I.:I.:S' RI.-MIINI:.RA'I'I()N ANI) I.'XPI.-NS1--5 The ke%. manaoement pemnnel of ihe Tru aTrrnpri the TrUSS and ihe Clerk. No TruslLC fLLLivcd rLmun¢raii()n <)r riimburxmlni li)r LitKnsLS during thc icar. -rht I05t ol'(hc CILrk wa5 £4,663 12024.. £4.5321 for his s¢n.1S in the )'ear15cc notr 51. Rc2iskrcd Chariiv NumEer. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. See rerrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mawh 2025 I.'IXLD ASSL-I" INVLS'I-MLN"I'S 2025 2024 Listed Inlestments Market value broughi iorwzrd Additions t)isp()Mlb at bT()ught f()n4aTd tnarkeiiulue Net untealised gainsj Ilo&*sl .166,3U3 196J07 1,113,539 4V3,431 1419,61.31 68,946 11.3841 MarkLt I'alue as ai 31 March 2024 Cash to k reiniesied 1.180.008 14 J37 1,166.303 32.312 1,194 J45 1,198,615 fArket VAlue As At 31 Mgrch Inote 141 C'apital l.und l.'ixLd ,1ssLt Ini'LbtmLn RLdland C'hdtKI l...xtraiirdinm RLpiiir F'und Fixed Ini'Lents Nlirti4lLr'_% HousL' Ex¢r&)rdinar% Ritmir Fuod Fi.%Lxl lrtii>(mLnts .128,007 52,Ilnl 48,2()4 3.135 1.18U,(K>8 1,166.303 Flisi()riLal C(?5t ufinve5trnerbt5 8g.1.793 862.7211 'I'AN(illll.l.' I,'IXI,'I) I. l.rLxh()Id land Ji)d huildi11¥5 21125 21124 Ci)st and NR V bT()U8hi forward 148.1182 Ci)%t and NBV Larried fi)rw2rd IY8.IIX2 RLdland Vi¢arag¢ is insured ftrr £558.83212024.. £558,832). 10 I)I.:B'I'ORS 2V25 2V24 Duc Irom stockEfokcrs- income aCCnt 3,502 4.222 3502 4222 I I CASH AT BANK 2025 2024 46,555 58.45Q 46,555 58.450 Rc2iskrcd Chariiv NumEer. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. See rerrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mah 2025 12 CRLDI'I"ORS 2025 2024 AccNals 6.9 6.672 6.960 6.672 13 RESTATED COMPARATIVE SOFA 2024 original ResLq(ed Unrestricied ReStad Lndowment INColL FROM Ini'LS(mLnis 776 776 I:.XPI.:Nt)l-I'llRI:. ON Rai%irtg Furtds 8285 361 7,924 C'hariiablc activities N¢1 in¢()m¢ ror¢ ini¢stsneni Bains and Ilossesl 19.614 17.9241 InTrLstmLnt giiins tmd losscs Nil mi)vimin¢ in funds 72.997 22.314 51).h113 'r()lal lunds al 3 l MarLh 2024 1379 71K) 294951 'lo¢al lunds ai 31 MarLh 2025 14 1.'IINI) Ptrmaneni Ertdowmtnf Fund 'I'hi% lund hiTrld% thL' iniL'simL'nL% M"hi¢h inuim¢ is deri%"¢d. PJrL (Tr( the fund is held in ¢Jsh Jnd pan in inLs[MLnL5. ThJi pan i)r thL' LX)s( of mdnagin8 thL Ln1'L1MLL% and ihal part i)f Lhe aprxeLiaLii)n in aluL ol. IhL InLs1mLnL5 1% appliLd io LhL fund. IL is a l)LrmanLni Lnth)ii'mLni l."und. Unreslrirted Fund5- DesignAted Funds Redlcind Chcwel Flind Thi5 lund is to usd for e¥traordinaTh' repairs lo Rcdland Chapel. Part ofthe fund is hcld in cash and pari in inN¢strncnts. "I"hal part of the c05¢ of managing the inie5¢tnents and that part of the apprcciation in i'aluc i)f th¢ inN'¢sim¢nts is 4ppli¢d i(1 th¢ fund. l)urirtg Lh¢ th¢r¢ ii"¢r¢ Iiitsl trartsf¢r5 n)a(k L(1 th¢ furtd ¢iitslling £9,31)0 ti? reLI)gnise fulur¥ ¢xp¢ndilute plJns1£30n (?fiihiLh ilas in aLLiirdani¢ 14.iih the TTUSt Iktxl.) linisler's House Fiind This fund is tti EY for ¢¢rr(lInffj' r¢pairs ti) lh¢ Mirt15L¢T'5 H()us¢ at R¢dlJnd Chiip¢I. All th¢ fui)d is h¢ld in Li15h ll b4nk. During th¢ th ii"¢i¢ kntJl trJnsf¢rb MLIk ts) th¢ fund [[)11ng £3.iOO1£200 ufi¥hiLh .S in aLcordance iviih ihe Trusi Deed.) Unr¢$tric¢ed Gtnrr¥l This fund r¢¢¢iv¢b the in¥utn¢ ini¢5tJnent5 anJ is used r(?r Jn!. ¢ip¢ndilur¢ 4grttd bN' lh¢ TrusL¥¢s "hICh is not for exLeptional repairs Lo the Chapel or Minisier s House. Art¥ sujplus is iranslerred io the Designaied Funds. Rc2iskrcd Chariiv NumEer. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. See rerrt)rt on page 4.
Redland Chapel Trust NOTES TO THE FINANCIAL STATEMENTS for Ihe jear ended 31 Mah 2025 14 1.'UNDS Icontinuedl Re8iat¢d t() show ertdommeni: Endtsi%m¢thi lJnresiri¢teil lJnrtStri¢ied Designated Funds Generdl Redland Nlinistees Fund Chapel House Capi Fund Tothl Funds Futtds gt JI l•re 21124 1. 345,634 1.613 84,449 21,(1 1,452,697 Held as to.. Ini'LstmLntS PropLrtI' IViLdragel OthLr Nci Assets 1. 147.216 198.082 336 1.345,6i4 51.399 .IY8,615 198,082 1,613 84.449 21.001 1.45?,697 2024125 movement 28,338 15(K>) 2%,338 Translir I run%lir 2 '.XPLndilur¢ 300 2¢M) 3.5¢M) 124.5521 141.U641 In¥SIMentS ManaBLmLnt fLL.% IE,5281 5.54) 11.3231 13831 258 5.848 11,3841 -I'i)tal miii'LmLnL Fund$ 413141 [¢h 21125 4.2611 .-141,373 1.174 439 9.114 3.5fi3 20.8521 144) 17.173 1.435,524 Held #5 to: 1.142.344 52.(Kll .194.345 19X.1182 43.1197 1.435.524 Pri?pirtv IVi¢arage} ()thLr Nei A%%ei 947 .341.373 439 439 41.562 93.563 149 149 15 RELATED PARTIES During ih¢ 'tar lh¢ "I ru5¢ paid ¢ipcns¢5 10 the Diocese 1103rd of l-inancc. iihich 15 a relaknl parlN bv cornnion LC)ntri)l. The tLilal amouni of expLnsL% reLhged in the )Lar i1&$ £20.842 12024.. £nill. l-hLre Mere nii am(iunLs ouisiandinB rLlatin8 to this eXnditUre ai the I'ear-end 12024.. £nill. There ii.ere no other relaled parly LTansactii)ns during thc '¢ar. 16 PRIOR YF.AR RF.STATF.MFNT al Thc prior Trear error wa5 to namc Ihc Endoii"mcni Fund the Capitsl Fund and Sho li as part ot. thc unrestricted lunds.-I"h¢ C-harili" C-ornrni55ion has confirmed that thi5 is aciuallv an Ld0"ent l.und. bl Th¢ Lurr¢Ltic)n is in th¢ ndrn¢ vf thv Fund-nv numb¢Ts hdl"¢ LhJrtgul ¢1 Nc)te 13 in th¢ prior set of le(D]ii'aleni LO 14 alKTrk¢l is unvhang¢d ex¢¢pt fvr ihe ndming (If thr hLMdings. 14 Rc2iskrcd Chariiv NumEer. 255141 Th¢ unauditrd fjnancial 5tatcments have ien subjeaed independent &umination. See rerrt)rt on page 4.