Ecclesiastical Purposes in Connexion with the Church of England
Charity Number: 257099
Report and Accounts for the year ending 31 December 2024
The trust owns one property- 38, The Paragon, Bath BA1 SLY. This is referred to in this
document as Church House. The property is currently let as two apartments, 8 garden
apartment and an upper maisonette.
Almost 811 trust income derives from the rent from these two apartments.
The only other assets owned bythe trust are two small endowment funds, namely a
bond fund and an UK Equityfund. both of which are run by Blackrock. The capitalvalue
ofthese funds may not be spent. The funds produce a modest quarterly income. The
combined value of these ￿0 funds is less than £20,000.
Church House was originally owned by St Swithin's Church in Walcot, Bath. This church
is next doorto Church House. Church House is a Grade11 listed Georgian building.
The name of the trust indicatesthat the purpose ofthe trust is to furtherthe purposes of
the Church of England. All grants from the trust are currently given to the PCC of St
Swithin's Church in Bath, usually by monthly standing order. This has beerj the c8se for
many years and is likely to remain the same in the future. This PCC is referred to this
report as W81cot PCC.
The trust is run bythree trustees: Sandra Gooding {Secretaryl, David Kingston and
Michael Banner (Treasurer).
The trust employs a letting agency IHomeLetsl to administer the issues that arise from
time to time with the property. The agency charges a commission and deals with most
incidents requiring maintenance and other routine tasks such as fire safety tests.
Trustees do not receive a salary or otherfinancial gain, apartfrom any necessary
expenses incurred. No claims for expenses were made in 2024.

Sorne maintenance costs were incurred on both apartments. These included..
Garden Flat:
Gas Safety Remedialworks
Installation of new fan in bathroom
Insta118tion of new fan in kitchen
Upper Maisonette:
Renovation of the kitchen including replacing some kitchen cabinet doors
Replacement shower
Partial redecoration of the bathroom {a new bath 8nd more extensive work is
needed in 20251
Redecoration offireplace area in bedroom
Newgas hob
Michael Banner was appointed as a new trustee in the summer of 2024 and agreed to
become Treasurer.
The Trust needs to maintain a level of reserves. so that sufficient funds are available to
meet unexpected maintenance costs. The Trust operates a bank accountwith N8tWest.
but this pays no interest on credit balances. In view of this. a decision was t8ken in
Septemberto deposit some reserves with the Central Board of Finance Deposit fund.
Transfers of moneyto this fund commenced atthe end ofseptember and bythe close
of the year there was £11.000 in this deposit account, earning approximately 4.70
interest Iv8riable}. In the accounts this money is referred to as"CCLA Deposit Account"
because the account is administered by CCLA. Interest on this money-apart from
£0.13 which was the interest on £1000 for one day, 301h September 2024- will be paid
from January 2025.
The main reason for retaining the current level of reserves is that bathroom of the upper
maisonette will need more remedialwork, including a new bath and floor. Additionally,
all south-facingwindows, which are made of wood, will need to be repaired and
repainted to a good standard. This is likely to require scaffolding to be erected.
The trust pays a monthlygrantto Walcot PCC. In the course of 2025, the level of grant
will be reviewed with the likelihood that it will be increased. The trust may decide to
make additional ad-hoc additional grants to Walcot PCC in the future.
The trust has appointed Drchristopher Chatfield of 36 Partis Way, Bath. BA13QQ to be
the Independent Examinerof the end of year accounts. Christopher is retired. having
been Reader in Statistics at Bath University for many years. Christopher has kindly
agreed to carry outthe examination free of charge. Christopher is not a member of St
Swithin's Church, which is the only beneficiaryof the trust's work.

Receipts and Paymentsforyear Ending 310ecember2024
Becelpts
Rental-Top Flat
Rental- Bottom Flat
Investment Income (Blackrockl
19.151
10,800
454
Total Recelpts
30,405
EwendlturR
LettingAgent's Commission
Maintenance
Insurance
Tenancy Agreement and utility bills
Donations to Walcot PCC
2.360
4,170
144
15.600
Total Expendlture
24,223
Net Receipts less Payments
6.181
Cash funds broughtfomard
Cash funds carried forward
30,325
36,506
Natwest CurrentAccount
CCLA DeposltAccount
Blackrock Bond Fund
Blackrock Equity Fund
8,338
11,000
3.122
14.046
Total Cash at hand
36,506

Statement of Assets and Liabilitles on 31st December 2024
Flxed Assets
Value of building (Church House)
Value of fixtures and flttings
835,487
25,000
Cu¥rentAssets
Cash and investments
36,506
Total Assets
896.993
Nil
Net of Assets and Llabilities
896,993
The value of Church House, and of its fixtures and f ittings, is the notional value as
specified in the latest insurance policy.
We the trustees hereby formally approve these end of year accounts.
Name
Signature
Date of Signature
o£f
oLJ-

Independent Examiner's Report to the Trustees of Ecclesiastical
Purposes in Connexion with the Church of England
I have examined the accounts ofthe trust named"Ecclesiastical Purposes in Connexion
with the Church of England" havingthe Charity Number 257099, for the year ending 31
December 2024. These accounts are set out on pages 1 to 4 of the trust's annual report
and accountsforthe same accounting year li.e. set out in the previous pages of this
same document).
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in
accordance with the Charities Act 2011 {'the Act'}.
I report in respect of my examination of the charity's accounts carried out under section
145 of the Act and in carrying out my examination, I have followed au the applicable
Directions given by the Ch8rity Commission under section 145{5llbl ofthe Act.
Independent examiner's statement
I have completed my examination. I confirm that no material m8tters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
Accounting records were not kept in secret in respect of the charity as
required by section 130 of the Act. or
The accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in orderto enable a proper
understanding of the accounts to be reached.
Name
.CH
Signature
Date of Signature
Address
7L, ¢..+,, bJ4y,
O.-K Tfv) 3•4