NORTH I￿oLTON 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 9v￿rned by a Conveyance and Trus1 Deed daled
14th O¢i¢b8r 1975 and w05 ￿giSte￿o 8$ Chartty nurnber 266523 on 26th February 1974.
Trustees..
Vacancyfor Secrelary
MrRP Ayr
Mr D. Clark
MrJ. Fox
Mr M. Geen
Mrw. Geen (c￿1rman)
Mrs. KèNaway
Mr P Parker
Mrs R.J. Taylor ITrea3ur•rl
Mrc. Whinney
Prfnclpfyl Olli¢•'.
CoDmb2shead
Swih mo￿on
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
Sta1èm￿tL*A55ets 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 ma1Trtena￿e 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 repaI￿d plus iedecoration and r8tiling ofthe kitchen.
The old cooker was ￿MOVed & rePla￿d by the shop committee. A phased payment of rent was agreed be￿en the committee
and the trustees which has b8en pwd r￿ularlY 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 v￿ar 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$:
Bakery Cottage. Timer swltch replaced.
8radfords- Chimney has been ￿paI￿￿ and Ilned. EPC inspection being Carried out as the propety has been upgraded to E rating
on the last inspection. 8radfords was flcM)ded in October 2024 . Tenant dr￿d prop*ty out and èrected a storrn barrEr_ Tenant carried
out work. F8offees paid labour costs.
1 Hillside Cottag8s- Guttering ne￿$ 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 Set￿rtOn'S.A￿tic1pated commeneornent of work Aprillmay 2025.
1 Old School Flat- No tnaintenance i5$ues.
2 Old School Flat- WIT￿oW5 ll88d repair. Project for next ytrar. A new hob installed in kitchen.
Old School Hall- Minor repairs have been carried out. Reartoilet window needs replacing. Two quotes sought
Energy Perfomiance ￿r￿fiCateS are changing soon which vall have an irnpact on proper￿e5 graded below D. N8ad to Fyepare now.
The Conservation Officar has been consulted.
A fen￿ in th& playground need5 repl8￿ment as theia is 8 sÈcurty i5$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 prop*rty 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 & sts1ior￿ry
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
De￿cluS￿r￿l￿S 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