NORTH IoLTON CHURCHLANDS FEOFFEES Charity No.. 266523 ANNUAL REPORT AND ACCOUNTS for the year ended 30TH APRIL 2025
NORTH MQLTON CHURCH LANDS FEOFFEES The North Mollon Churthl8nd¥ Feoffee5 is 9vrned by a Conveyance and Trus1 Deed daled 14th O¢i¢b8r 1975 and w05 giSteo 8$ Chartty nurnber 266523 on 26th February 1974. Trustees.. Vacancyfor Secrelary MrRP Ayr Mr D. Clark MrJ. Fox Mr M. Geen Mrw. Geen (c1rman) Mrs. KèNaway Mr P Parker Mrs R.J. Taylor ITrea3ur•rl Mrc. Whinney Prfnclpfyl Olli¢•'. CoDmb2shead Swih moon EX36 3ER Bank- N81 West 41 High Slreet Devon EX31 1DA It)d8pond?nt Examiner.. Stevens & Wlky GrenvOle House 9 eoulwrt Street Bamst8P EX31 1TZ CONTENTS Page Twsle Rèwrt Independenl Ex8min8rf$ R8POrt R£ceipts & PayrnenisAttounl Sta1èmtLA55ets and Lvbilty¢s
NORTH MOLTON CHURCH LANDS FEOFFEES TRUSTEES REPORT ft>r the year ended 30TH APRIL 2025 The trustees present their report and a¢¢ounts for the year ended 30th Aprll 2025. Objects The object of the charity 1$ to rais8 funds frorn its principal activity for the rapairiffj, sustsining and maintaining ol the Parish Church of North Molton. and 8L%o for the exonerating and pawng of all oth8r charges, reparab"ons, expenses and costs upon such church. Prlnclpal ktivity The prinripal activity ol the charty is the letting and ma1Trtenae ol owned property to produco an incorne to sat'5fy its objects. Revlew FollowrvJ our complete refurbishrnent of our Old School Hall the ground floor has b88n transf(wrned into a busy lillage shop. with a small café area at th8 kitch8n end. and a Spa at the opposite end of the hall for storage and work rest area. It is excrting to see our Old Sehcol Hall being use(t daily by villagers and vi&tors alike, Thanks to the Shop Committee who worked hard to bring this vision to fruition In such a Short lirne. Their hard work and dedication to this ambitlOU5 project continues to b8 8xemplary. The cornmunity shop opgn8d in June 2024 led by the Committee and a full time manager. A large number of volunteers are now giving up their time to keep the shop running efficiently and effectively. G18tèful thanks to them all. A change in management h85 now been transferred to 3 part time employees led by sn experienced manageress. The exterior of the building has bèèn répainted and windows and doors repaId plus iedecoration and r8tiling ofthe kitchen. The old cooker was MOVed & rePlad by the shop committee. A phased payment of rent was agreed been the committee and the trustees which has b8en pwd rularlY and this bMII roa¢h its fvll rent of £708.58 in 3 years ts'me. Thanks must be rectsrded for the help that Richard Carder has givgn wth the conversion ol the School Hall to a community shop. OurAGM was ld in August 2024. Both church wardèns warè pre88nt As the vicar sent apologies there was no Vicars Report. The Wardens report showed a deficit ol £6,018 which 15 due to the drop in donations and congregations and church setWC8s being Irregular. Insurance premium has risen on the church building. The lynch gate was replaced due to the deterioration of the old one. Future plans are to repla the kitchen flwi ond plumbing to ac$$ running water. PreventirKJ water In9$$ to the wèst wall Additionally a wall heater is to be fitted In the vesty. The accounts book was signed by the Chaim)an who explainad to the church wardens the Feoffees role within the church All church repairs need to be priorities by the var and PCC. and clarified that the Feoffees can only support North Molton Church in accordance wth the obj'ects of our charity. Thè church elcek $ervi¢x is partly paid by the Feoffees & the Parish Counal. The Vicar is happy to attend tha AGM yearfy. Mr W Geen proposed a donation of £500 for a vesty heater plus £5.OW lor church insurancè and any additional repairs up to the . eThJ ofthe year. Agreed by thè trustees. The Treasurerfs presented her Report & Accounts lorthe year up to 30th April 2024. Theywere unarnirnou$ly adopted and 11 bè forwarded to thè Charity CommissiC by the deadline 0124th February 2025. Offie8rs were r88ppointed'. Chairman Bill Geen., Treasurer., Je8n Taylor.. rew appointment of vice chaiman Matthew Geen. Chairrnan thanked 811 trustees for their commitment," officers for their work and recorded speual thanks to Roy AY who recently stepped down. Suggestions gardIng the appointment of a new trusteels has been discussed. Nigel Ayr6 Is to b8 lornal invited by the chairman to retum as a trustaè. Other names were suggested who wll be approached by the Chainnan. A new tenancy agreement was necessary for Mol8 Bridge House in November 2024. One ol the tenants had16ft the prernises but wished to continue renting the garage for his business. The otherwished to continue ntIng wth her daughtèr. was agreed with the proviso that the house lod(5 b8 changed and thal Richard Carder will allow a$$ to the gaiage for oil top ups when the new tenants requi a refill. However thè newtenants have now decided to move on so the premises wll be r818t. All other tenants continue to be happy In their homes and rents paid regularfy and in lull. The issues wth Flat No 1 rent has been resolved satisfactorily wth the halp ol North Devon Council. Maintsnance has been earried out as follow$: Bakery Cottage. Timer swltch replaced. 8radfords- Chimney has been paI and Ilned. EPC inspection being Carried out as the propety has been upgraded to E rating on the last inspection. 8radfords was flcM)ded in October 2024 . Tenant drd prop*ty out and èrected a storrn barrEr_ Tenant carried out work. F8offees paid labour costs. 1 Hillside Cottag8s- Guttering ne$ attention. Awaiting for a quote from a local tradasperson. 2 Hlllslde Cottagts- No issue$. Palntern Cottag•- Tenant has Carried out extensive plumbing work wthin the housè wth no chargè for labour or parts.
Molg Brldg• Hous•-A qtjole for £18.000.00 has beèn acc8Pted from SetrtOn'S.Atic1pated commeneornent of work Aprillmay 2025. 1 Old School Flat- No tnaintenance i5$ues. 2 Old School Flat- WIToW5 ll88d repair. Project for next ytrar. A new hob installed in kitchen. Old School Hall- Minor repairs have been carried out. Reartoilet window needs replacing. Two quotes sought Energy Perfomiance rfiCateS are changing soon which vall have an irnpact on propere5 graded below D. N8ad to Fyepare now. The Conservation Officar has been consulted. A fen in th& playground need5 repl8ment as theia is 8 sÈcurty i5$ue. Our Propety Manager tssts th& firo 818rrn wed(ty. Future Proposed Developments Replacement win¢)ws in Old School Flat No 2. No other planned developrnents at thi8 tine. Nor¢h Molton PCC Covered in thè above review. £8925,000 has b8en donated lo the PCC for work on the tower, 8 vèsty he8ter,.in3Uran costs and additional repairs up to the erd of this year. Finance Our main funds are held in a Business Resèrvè A(Lount resulting In interest of £1,667 this financial year. One tenant 15 2 months in arrears with rental p8yrn&nts which will be rEgotiated by our proprty rnanager. 1 other rentals up lo date. Wè conbnue to ensu we have suffieient funds available to maintain all of our properties and our rynmitment to continuè to contribute to the rnaintenan of All Saints Church lo fulfill the object of cMJr charity. Signed Date Nama
INDEPENDENT EXAMINER'S REPORT to the Trustees of NORTH MOLTON CHURCHLANDS FEOFFEES We report on the accounts of the charity ft)r the year ended 30th April 2025 which are set out on pages 4 and 5. Respectlve responsibilities of trustees and examiner The charity's trustees are spOnsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43121 of the Charities Act 1993 Ithe 1993 Acll and that an independent examination is needed. It is our responsibility lo.. examine the accounts under section 43 of the 1993 Act., lo follow the procedures laid down in the General Directions gwen by the Charity Commission under section 4317}Ib} of the 1993 Act., and to state whether particular matters have come lo our attention. Basis of independent examiner's report Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'lrue and fair view. and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with our examination, no matter has come lo our attention.. 111 which gives us reasonable cause to believe that, in any material respect. the requirements.. to keep accounting records in accordance wth section 41 of the 1993 Act.. and to prepare accounts which accord with the a¢¢ounting records and comply with the accounting requlrements of the 1993 Act have not been met.. or {21 to which, in our opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. stevens & Willey Chartered Certified Accountants Grenville House 9 Boutport Street Barnstsple Devon EX31 1TZ 12 August 2025 Page 2
NORTH MOLTON CHURCHLANDS FEOFFEES RECEIPTS AND PAYMENTS ACCOUNT forthe year ended 30TH APRIL 2025 2025 2024 RECEIPTS Rentsi InGome Bakery Cottage Bradfords Cottage Hillsid8 View No 1 Hillside View No 2 Mole Bridge House MBH Garage Painters Cottage Painters Paddod Old $chool Flat 1 Okl school Flat 2 NM Shop Commkttee 9.240 5.770 6.228 6.924 10,511 2,110 9,240 60 7,450 6,276 2.762 67.172 9,240 fj,924 fj.228 6,924 7,452 2,400 9,240 655 4,835 6.278 855 61.029 67,172 Other Incom& Wayleave DPS re No 2 Old School FLql UnidentifiEd inGome Sale of Old School chairs Refund from DPS Deposfts MBH & OS Aai 1 16 100 30 761 1,693 Investment Income Charity Official Inv8slmenl Furnl 25 B•nk Interest Received Reserve Account 1.e67 2.021 Total Income 71.420 63.191 Total Incoffle EXPENDITURE Insurance (Old S¢h¢oll Insurance (Houses) Property Repalrs Electncal Equipment for OS Electrical Testlng Electricity Water Independent Ex4rninatpJn Fee Honorarias Property Management Fees Deposit Prote¢ton Serwice Refund of Deposits Printing Postage & sts1iorry Alarm Tests OS Sundryes & Equipment Legal fee for Eviction Nots. of OS Flat 1 Rubbish rernoval OS Rental of Village Hall for Meeting Repayment of MBH garage- overpayment Lease for Old Sthool Shop 2.578 3,011 20.047 2.245 4.094 76.734 SD 1.006 771 540 1.007 16.529 1.270 761 163 lee 645 780 1,013 528 959 15.530 218 168 164 703 15 30 435 50,999 103.385 Total Expenditur8 103.385 Deficitlsurplus lor year prlor to donatlons 20,420 40,194 Donation te North Morton Parish Chuich 8.925 5.0 DecluSrlS for year 11,495 45,194 Bank Balance at beginning of year 117,245 162,439 Bank 88lances at 30th April 2026 128,741 117.245 Page 3
NORTH MOLTON CHURCHLANDS FEOFFEES STATEMENT OF ASSETS AND LIABILITIES as al 30TH APRIL 2025 ASSETS Freehold Proporty Property Bakery Cottage Bradford's Cottage Hillside View Nc> 1 Hillside View No 2 Mole Bridge House Mole Bridge Garage P8lnters Cottage Painters Field Old School Flat 2 Old School Flat 1 Old School Shop Tenant R•nt Mesgrs Fry & Bolton Mr Lowe Messrs Lynch & Shaw Mr Ken Hildrew N J Davies Traditional Finishes Mr & Mrs. R Partridge Mr & Mrs. R Partridge Ms M Mccarthy Ms K Bradnam NM Community Shop Committee £770 pm £577 pm £519 pm £577 pm £1,000 pm £55 £770 pm £55 £523 £523 phased £9.240 pa £6.924 pa £6,228 pa- Includes water £6,924 pa- Includes water £12,000 pa £660 pa £9,240 pa £655 pa £6,276 pa £4,835 pa In¥tments 45 units Charilies Official Inveslrnenl Fund Sharés Recent valuations have not been ¢blained for the investments or fi8ehold properbes. 2025 2024 Dobtors Ms K Bradnam- Rent arrears Ms K Bradnam- Deposit arrears Mr Lowe Rent Arrears 532 423 1,154 Cash at Bank Current A¢¢ount Reserve Account 1,000 127.741 1,000 116.245 128.741 117,245 LIABILITIES Rgceipt in Advance Credltors The only other liabilities outstanding as al 30th April 2025 are the routine service charges accrued in respect of the freehold properties. At 30th April 2025 The following deposits were held by the Deposit Protection S¢Ni¢e- Bradfords £525,. 1 Hlllside £450., 2 Hillside £525,. 1 Old School Flat 523- 2 Old School Flat £523 Bakery Cottage £700.. Painters Cottage £700