THE FEOFFEE CHARITY (ESTATE CHARITY)
THE PARISH OF KINGSTEIGNTON
TRUSTEES' REPORT AND FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE FEOFFEE CHARITY (ESTATE CHARITY)
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
CONTENTS
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report | 3 |
| Receipts and Payments Accounts | 4 |
| Statement of Assets and Liabilities | 5 |
THE FEOFFEE CHARITY (ESTATE CHARITY)
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
CHARITY INFORMATION
| Clerk | Mrs S Coombes |
|---|---|
| Board of Trustees | Rev M Smith - Chairperson |
| Mrs B Austen | |
| Mrs J Edwards | |
| Mr I Avery | |
| Mr R Peart | |
| Mrs J Warren | |
| Mrs M Bonnell | |
| Registered Charity Number | 265541 |
| Contact Address | The Vicarage |
| Daws Meadow | |
| Kingsteignton | |
| Newton Abbot | |
| Devon | |
| TQ12 3UA | |
| Independent Examiner | Clare Lillington FMAAT |
| Raddon, Station Hill | |
| Chudleigh | |
| Newton Abbot | |
| Devon | |
| TQ13 0EE |
Page 1
THE FEOFFEE CHARITY (ESTATE CHARITY) CHARITY NUMBER 265541
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The Board of Trustees present their report and the financial accounts for the year ended 31 December 2025.
Board of Trustees
The trustees who served during the year are as stated below:
Rev M Smith - Chairperson Mrs B Austen Mr I Avery Mr R Peart Mrs J Warren Mrs M Bonnell Mrs J Edwards
Selection of Charity Trustees
Trustees may be removed or appointed in accordance with the Schemes of the Charity Commission referred to below.
Trustees' Responsibilities
The responsibilities of the trustees in relation to the financial accounts are set out in the independent examiner's report on page 3.
Governing Document
The charity is constituted by a Scheme of the Charity Commission dated 3 September 1862, as amended by a further Scheme dated 4 March 1964.
Charitable Objectives
The main objects of the charity are:
-
To benefit the public by providing accommodation in the Parish of Kingsteignton.
-
To use the clear income of the Charity to benefit the Parish in three main areas:
a) One part for the upkeep of the Parish Church of Kingsteignton. b) One part for the provision of education in the Parish. c) And the third part for the benefit of the sick and the poor of the Parish.
Note: "Clear Income", as mentioned above, is the residual income after allowing for expenses, management and necessary provisions. It is then divided into three equal parts. However, the Trustees have the right to vary the proportions from time to time subject to the sanction of the Charity Commission.
Financial Review
The Trustees consider the results for the year and the position of the Charity at the end of the year to be satisfactory.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
It is the Charity's policy to ensure that it retains sufficient reserves to cover foreseeable and unforeseeable future costs.
The Charity remains well positioned to continue undertaking its charitable objectives.
This report was approved by the Board of Trustees on 20 July 2026 and signed on their behalf by
Rev M Smith Chair of Trustees
Page 2
THE FEOFFEE CHARITY (ESTATE CHARITY)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FEOFFEE CHARITY (ESTATE CHARITY)
I report to the trustees on my examination of the accounts of the Feoffee Charity (Estate Charity) (the Charity) for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of 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 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters 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 respect of the Trust 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 this report in order to enable a proper understanding of the accounts to be reached.
Clare Lillington FMAAT Raddon, Station Hill Chudleigh Newton Abbot Devon TQ13 0EE
20 July 2026
Page 3
Charity number 265541
The Feoffee Charity (Estate Charity) Receipts & payments account for the year ended 31st December 2025
| 31st December 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| Receipts | ||
| Rent received | 35130 | 30847 |
| COIF income units | 312 | 304 |
| Bank interest | 3549 | 3692 |
| Assets sale: gross proceeds | 0 | 115000 |
| Total Income | 38991 | 149843 |
| Payments | ||
| Direct charitable expenditure | ||
| Letting commission & fees | 4581 | 4039 |
| Property maintenance | 3837 | 4721 |
| Insurance | 1292 | 802 |
| Council tax & electricity | 429 | 156 |
| Property purchase | 242000 | 0 |
| 252139 | 9718 | |
| Donations | ||
| St Michael's School | 2000 | 0 |
| St Michael's Church | 5000 | 0 |
| Rydon School | 1500 | 0 |
| Kingsteignton Primary School | 1500 | 0 |
| 10000 | 0 | |
| Other expenditure | ||
| Postage & stationery | 20 | 41 |
| Honorarium | 200 | 325 |
| Property sales costs | 0 | 2395 |
| Property purchase costs | 2632 | 0 |
| Legal fees | 0 | 1121 |
| Accountancy incl examiner's fees | 743 | 720 |
| 3595 | 4602 | |
| Total expenditure | 265734 | 14320 |
| (Deficit)/Suplus for the year | (226743) | 135523 |
| Add bank balances brought forward | 339365 | 203842 |
| Bank balance at 31st December 2025 | 112622 | 339365 |
Statement of Assets & Liabilities
| Cash at bank | |||
|---|---|---|---|
| Co-op Bank Current account |
50402 | 37022 | |
| Co-op Bank Instant access a/c |
62213 | 302336 | |
| Petty Cash | 7 | 7 | |
| Bank balance at 31st December | 2025 | 112622 | 339365 |
| Investment assets | |||
| 519.97 COIF Investment fund | 10047 | 10552 | |
| 30.71 COIF Investment fund | 593 | 623 | |
| 10640 | 11175 | ||
| Freehold Properties | |||
| 16 Fore Street, Kingsteignton, Newton Abbot | 402457 | ||
| 18A & 18B Fore Street, Kingsteignton, Newton | Abbot | 351257 | |
| 19 Fore Street, Kingsteignton, Newton Abbot | 270289 | ||
| 19 Ash Road, Kingsteignton, Newton Abbot (purchase Jul 2025) | 242000 | ||
| Approved by the trustees on | 20/07/2026 | ||
| Signed : Rev M Smith |
|||
| Chair of Trustees |