Framlin8ham Unitarian Trust Unltarian Chapel Trust Property Known as "Framlin8ham Unitarlan Trust" Charity No. 262249 Accounts for the year ending 30th September 2024 P•gtr1 of6 Framllngham Unltarlan Trust Contents Page Trust Inforniation Statement of Financlal Activities Balance Sheet Notes to the Financial Statements Independent Examinerfs Report Page2rf6 Framllngham Unitirian Trust Trust Information TREASURER., Mr Rob Booth The fimbers Church Road Kettleburgh Ni Woodbridge Suffolk IP13 7LE SECRETARY & CONTACr: Mrs Carly Holland 4 Smiths Close Worlingworth Nr Woodbrldge Suffolk IP13 7JG CHARITY NUMBER: 262249 ACCOUNTANTS: Aobina Wllkes FIAE RWAS 62 Quiiter Road Felixstowe Suffolk IPII 7JL Framllngham Unlt•rfanTrust St•i¢ment of Fknandal Attlwies FortheyearendlhK30th September ZO24 37,926 L5Z5 1783 LaOS 37.926 1,525 COIFlnlwo¥t HkTE 2.126 3,16S 179 170 859 1.305 551 IC6L li, LSSI Sp*tt41 cdkLth￿￿1c￿o￿e¢I Silryoffvrffl4ur 8vryStEthIundirOntr¥￿ty Rert.15 >￿Str￿lI￿•m8￿Yj 1.246 21x0) io, 13.DgOy 12.101 Ic 13,rmi 44A17 52 47.139 67.151 Insurnnc* W¥e$ L755 L759 L4?0 7,7E7 1¢83 80 L57Q 7.767 ,ni 247 L357 L291 24 47 Z6 19,721 247 1357 12 Ownmidp*FAJ￿•rS 1230 1*273 24 162 L97t Prth59on¥lees k￿ry e¥pwffAS 15J73 24 47 2,926 L97L 3W17 k41KdarmuitAP*rt 37.133 37,133 a4665 34665 466 io L746 78J64 RAiitalpropw•Kpth ChirftabK*donatbns/C4éCc•MrtIW•hn 2W 1,450 L582 61.915 1.105 1,746 129. 37.42Y (7571 Chwin ¥iluat*antiFl$8r*eStrn 11S.(W I￿1￿j IA4&1Y9 IL7.5(XII TfafftsftrTruit￿￿l Mknx 30*t•mbor20Z4 119.(ts)I ts.0 17, 7J fjenvwfvrtd 174S,912 &745.91J L611J62 62&262 375 595 Mif¥5tryfvn 462 66 5595 L6M2S3 P•J?2tsf6 Framllngham Unitarlan Trust Balance Sheet As at 30th September 2024 2024 2023 fixed Assets Freehold property Fixtures & fittings Investment5 385.(M)O 15.967 1,284,146 385,000 13,677 1,163.166 1,685,113 1.561,843 Current A55ets Debtors / (Prepayments) C8F dèposits Barclays Current account Petty cash account Barclays Ministry account 586 42,737 15,587 117 10,175 16.425) 40,786 26,079 258 12.288 69,202 72,986 Current Llabllltles Credrtors / Accruals (1.2271 15761 Net Cuffent Assets 67,975 72.410 Totrl N*t Ass•t* 81,,h;,I,Il',I;'.11:,l. Represented by: Fund$ Unrestrirted Restrlcted 1.745,912 7.176 1,628,262 5,990 L753Jll8 Approved by the Trustees on: Signed on their behalf Rob 800th Treasurer Persephone C 800th Chairman Pagg 3 016 Fr?mlin8ham Unltarlan Trust Notes to the Flnanclal Statements For the year •ndin8 30th September 2024 I. ACCOUPrnNG POLiaES The fiTh3ndal ststement5 hwe bEen pr•pared und¥ the h15tofic81 ¢D5t Eorwentb>n, &icept thèt 1$5ets a￿ catyled at martet value, in accorda)￿twilh th*CharltksActSt•tement of RocommeTrJ8d Pr•ctte-Attourfln8 and Rwortlng ty Charlt*5 ISORP 2Iy)51. Unre5trfrted fiJThds are avalkblo for use attre dlscfttljn of thetW5tees in fUrth•ran￿ of th¢ 8vral ofthe¢harfty. Restrfcted furth are Sub￿ to r05trktkj￿oTrthe￿re￿peMdhUre Impo$4d by thpdonDrthrough th•t•rms ofthe aFyal. IKomln¢ R*5purrns AII NKomln8 resour￿ are included In the 5tatemert of finandat ac1P41b￿ when the £harfty 15 tnthl•d to the kKome and the am£¥￿1 Can te qWtrfiedW￿¢h Te3￿￿atyle accuraty. The folltrwkng¥eoft pc41cies applledto ￿rt￿LIar cate8orfe5 of Income. volunt￿ Income re￿￿1 byway ofTrrt5, donaW0fft53nd Is Induded lThlull In the5tthmertofFlnandal when recefvabje. th%tSbnÈht Inttsrne 15 includ•d when receKf**. Reswrtès Expend•d Expendlture is reco8nlsed ofj an accrual b3ys as a Ilabl1￿ Is hKvN¢d. EXper￿Ule tnclude5and VAT whlth be fullyrecovered. ènd15 rewrted a$ part of the expeTr*rtvre to whlch it r+￿te5. I, FIMd Assets Lknrestrlcted Resiricted nd5 nds Totsl 2024 fvnds Tota 2Q23 Fr•ehold Prty*ty MEth H￿se Mlll y￿d(O￿a￿lI15 Bfldge sir*tl 165,fAKI 220.(IXI I65,￿ 220,OC#) 165,(L 120.OLh) 16&OtsJ 220,C 385.onation fiom MH Trustees J75 $70 443 570 2230 2.J21 Les5 congrega￿0￿ expenst5 Almln wsts Surdry *xr*Th5e5 GAquots GeneralA5semb MithistWS service fe*s Proathlngfees or￿ 187 202 350 350 350 114 185 730 115821 11.7461 375 Closlngb3lanc¢ of cOn8r*￿On funds at30s?ptem￿l 1024 4. MthlstyyA¢uM The mlnthr5tsrted woth¢)n Olcttober 2014. Th •MuJl cost5 arèto L* paid 50% ￿ Forntlrwharn •rK150% by Buryst Edmunds. Openkng balarKtof Mknhtry fuNl$ 01 October2023 Add Fram comributlofv 65E contrIb￿1¢)Tr 8SEcontrfbvtiOhto rent 7.260 20,50) 17.5(K) 21.￿ 19X Mlntsty expens•s for year 137,1331 16,rrK)I 6A62 136,6651 16,LNJOI 5,595 Cl05kn8baLryrK•of f￿nd at 30 SeptEmkn 2024 5. SpedlllCoTh•ctlon 081a￿t brou8htforwa IncoTh• Calé Connect Paid out Balar￿e 20 1.246 IL2CI)I 66 67 11.1081 7.176 SWO P•ge5016 FRANILINGHAM UNITARIAN TRUST Independent Examixker's Report to the Trustees of Frumlinghxm Unitarian Trust I report on the accounts of the Charity for the year ended 3￿ September 2024 which are set out on pageb I to 5. Respective r¢sponsibili*ies of f.'he trustees and examiner As the charity's tru51ees> you are responsible for the preparation of accounts. The harity's t￿SEe¢S consider that aTJ auéil is nol r¢quired for this year under section 43 (2} of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. 11 is my responsibilityi to.. examine the Accounts ur,der section 43 of the 1993 Act" to follow the procedure laid down in the general Directions given by the Charity Commission under section 4317)0)) of the 1993 Act. and to stste wheth¢r particular matters have come to my attention. Basis ofIndependent ExamiDer*s Report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accouftting records kept by the charity and a comparison of the accounts presented with those reconls. It also includes consideration of any unusual items or disc105ures in th¢ accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that w'ould be rquired in an audit and consequently no opinioT] is given as to i¥,hether tlie accounts present a'true and fair view, and the report is limited to those rnatters set out in the slatement below. Independent ExaminLf'8 Ststement In connection with m), &xamination, no matter has Come to my attention l) which gives me reasonable cause lo believe that in any material respect the requirements: to keep accounEing records in aLcordance wtth Section 41 of the 1993 Act. and to prepare accounLS which ￿cord w'ith the accountin8 records And comply with the accounting requiremenls of the 1993 Act have not been met. or 2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the aMunts to be reached. Miss Rachel Parker 2 Park Corner Tuddenham St Martin Nr Ipswich Suffolk IP6 9DE Page 6 The Trustees of the Unltarlan Maetlng House Framllngham, Suffolk Annual Report for the year ended 30 Sept•mber 2024 The Trustees submSt thelr Annual Report on the affairs of the charlty together wlth the flnanclal ststement for the year ended 30 September 2024. Prlnclpal Activity The principal activity of the Trust in the year under r8v18w was the discharge of the duties of Trustaes of Ihe trusts for which they are responsible. The Trustees The Managing Trustees shall consist. when complete, of a body of eight persons of the Unitarian persuasion. Tru$t••s servlng durlng tho year were a3 follows: Mrs Persephone Booth The Timbers Church Road Kettleburgh Suffolk IP13 7LE Appointed October 2013 Mr Bruce Chllton 22 Marston Lane Norwich Norfolk NR4 6LZ Appointed 15 Junè 2003 (Stood down September 2024) Mr John McEwan 22 Double Str8et Framlingham IP13 9BN Appointed Sept8mb8r 2007 Mr Robert Eric Booth Th8 Timbers Church Road Kettleburgh Suffolk IP13 7LE Appolnted May 2023 Mr Martin Croucher Trinity Cottage Bridge Str8et Rendham Sufft)Ik IP17 2AZ Appointed October 2013 Custodial Trustee British and Foreign Unitarian Association Inc Essex Hall 1-6 Essex Street London WC2R 3HY Charity Numb8r 255205 91 Professional Advlsors Bank Barclays Bank A¢¢ountant Roblna Wilkes FIAB RWAS 62 Quilter Road Felixstowe Suffolk IP117JL Solicitors Jackamans Solicitors Park House Mere Slre8t DISS IP22 4JY Flnan¢ial Advisors Kevin Froggatt DipPFS Lucas Fettes Financial Planning 34 Willow Form Allwood Green Rickinghall Diss Norfolk IP22 ILQ Framlingham Unltsrian Trust Chalrman's Report 2023124 to 30 Sept 2024 We have managed thi5 year wlth five trustees, but Bruce Chilton was very ill and has not been able to attend meetings until September. As lon8 a5 we have four Trustee5 at a meetin& we form a quorum. The Trustees held three meeting5 and the AGM durlng the year. In September 2024, Bruce Chilton stood down as a Trustee. after more than 20 years. We very much regret loslng hlm for hls experlence and his knowledge and expertise, both Unitarian and le8al. The investments are supervised by the Treasurer- with input from the Flnance Committee- and our Independent Financial Advlser. Kevin Froggatt of Lucas Fettes. Our investment5 managers are J M Finn. OL*r accountant Roblna Robinson takes care of the monthly bookkeepin& the payroll, and the end of year Financial Statements. She attended the Trustees meetings when she was available, and provided useful input. The accounts show a small loss for the year, mainly due to an Increase in the Repairs and Maintenance of the bulldlng. However. the investments show slgnificant increase in valuation. double the previous year. The Meeting House provides one in-person congregational se￿iCe per month, and there are also two zoom meetings. There is a Café Connert social event every Tuesday mornlng, whkh draws people to the Meeting House, and 3150 Meet UpThursdays (which started out as Warm Thursdays in the winterof 22-23.1 The MH Is reglstered to conduct weddings and same-sex marrlages, and is also used for funerals and celebrations of life. Adrnin and governance during the year: Our governing documents have been submitted to the Chairty Commisslon, updated to the 2016 Constitution. Our Flnance Policy and Terms of Reference have been ￿vieWed and updated. The unreglstered strip of land behlnd the Meeting House is now being reglstered at HM Land Reglstry by Jackamans, 501icitor5. The Safeguarding policy has been updated. There have been general discussions about CIO and governance. the advantages and disadvantages of a CIO. This will be looked Into In more depth. and a meeting will be set up with Simon Bland. A member of the congregation is attending the Trustee meetings. Repalrs •nd maintenance.. The Meeting House has had some repairs and redecorating by a tradesman who speciallses In antient and listed buildings. The final wlndow has had a new specially handmade wooden mullion. and has been installed by the glazierfrom Ipswich. We have received planning perrnis5ion (with help from Hollins the archltectsl to erett a fence along the boundary with Lynsmere at the back of the property. This should be installed in the next month or so. We are also In the process of taking professional advi￿ from G C Robertson regardlng the ancient flint wall at the rear of the property. The brick front wall bordering the library car park is in need of repointin& and quote5 are being obtalned. An interactive TV screen has been purchased and Is in use by the Minister for services. and by hirers. Three newtree5 have been planted to the rear ofthe Meeting House. an English Oak. a Rowen, and a flowering cherry. They have been carefully situated to beneflt the landscape. Minlstry Management Commlitee: Our Ministef has been shared S0..50 with Bury St Edmunds Unitarians, and each Meetfng House pays half the cost of the Minister. Bury St Edmunds have revealed that the value of their investments is less than half of Frdmlingham's investments. and 8ury have indicated that they cannot continue to pay their full half share. From 2024 onwards, they would be able to afft)rd to pay 113 share of the totsl cost of the Minister. This could put pressu￿ on the Framlingham Trustees. finances. Framlingham agreed to pay 213 for 24125, but feel It Is not 5UStainable in the long term. Bury St Edmunds have been pointed in the direction of a Sustentstion Fund from the GA. whlch might provlde some financial assistsnce. Now we have had a chance to settle down after the Trustee difficulties in 22-23, we need to look for some new Trustees, especially some younger ones who will be able to carry on in future. Persephone C 800th, Mrs., Chaim)an of the Tmstees 23.3.25