The Ipswich Historic Churches Trust Ltd Compan). Number 1457990 Registered Charity Number 278924 A Company Limited b) Guarantee Report and Financial Statements for the year ended 31 December 2025 The Ipswich Historic Churches Trust Ltd Content5 Reference and Administrative Inforniation Tru5tee'5 Teport Independent examiner's report Statement of financial activities Balance sheet Notes to tbt flnancial statemellts The Ipswich Historic Churches Trust Ltd Reference and Administrative Information Charity Name The Ipswich Hisioric Churches Trust Lid Charity Registration Yumber 278924 Company Registration Number 1457 Regfistered Office SaraLens House Buginess Centre 25 Si Margarets Green Ipswich IP4 2BN Trustoes Mr PJ Brooks Mr J S FiLld Mr R W Allen Mr% V A Bint Mr% CI F Brooin Mr M A F.vans Mr R J Kindrcd Appolnted By Meiiibers MiiTJb¢'rb Meinbers Appointed 17 July 2025 Mcinbers Borough Meinbers Borough Chair Vi¢L" Chair Appointed l O June 2025 Mr C J Kreidewolf Mrs l E LvLkirtgton Mi.*5 L J Mortimer MrR WPope MrARaL Mr5 K J Salter Mr M J Shamian Mr D J Vincent Dr J B Warr¢n ljorough Borough Resigned 10 June 2025 Borou¥h Borough Meinbers Meinber5 Borough Mcinbcrs Appointed 17 July 2025 Membcrs Bankers Co-operdtive Bank PLC PO Box 250 Skelmersdale WN8 6WT Solicitors Birketts LLP 141- 145 Prince55 Street Ipsiyich Ipi IQJ The Ipswich Historic Churches Trust Ltd Trustee5 report and revieiv The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report iogethei with the futhncial statements of The Ipswich Historic Churches Twst Limited (Ihe company) for the year ended 31 Decembcr 2025. The TrustCC5 confirm ihal the Annual Report and fiiiancial statcmcnts of the company comply with ihe curreni sia¢uiory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Praciice (SORP). applicable io chariiies preparing their accounts in ac¢ordanc¢ with thc Financial Reporting Standard applicabl¢ in th¢ UK and Rcpublic of Ireldnd IbRS 1021 Icffcclivc l Jdnuary 2015). SinLe thc company qualifies ￿ smdll under Section 383, the siralegic report required of medium and large companies under The Companie5 Act 2006 {Sirategic Report and Director's Report) Regulations 2013 is noi required. Structure, Governance And management The Trusi ￿.￿S incorporated as a private limited company limited by Guarantee in 1979 and is regvulatLd by the mLmorandum and articlcs of associalion. TNstccs arc appointed by IpsH'ich Burou¥h Council or by m¢mbcTra at an Annual Gcncral M¢cting. Up to liv¢lv¢ Trustc¢s may be appointed by Ipswich Boroug)h Council and %ix by members of the Tru41. The Bi)rougYh now by custom and u.sc oiily appoints ihcir Elcclcd oificcr mcmbcrs (3) aiid accep14 Ihc Members appoini oihers as needed. Appoinimeni as a Trustee is for ihree years bul Ihe appoinlmcnt can bc rcncwcd. It is anlicipalcd that funhcr discussion on this will bc rcquircd during 2025 a5 futur¢ stru¢tur¢ of Local CJov¢rnmont is irnmincnl. This discussion was not Lompleled in 2025 and will gyo on inio 2026. The Tru%1 has a managemeni board lo which all Truslees are aulomalically appointed. All major dccisions arL madc by Ihc managFcmcnl board. ThLrc arc also SLvcral sub Lommillccs dealing with specific issu¢s. Trustec5 are appoinied to the sub committees as required. Thc sub committees can appoint exlernal adi'isers 10 help with their work. All Trustees are unpaid and there are no employee5. We welcome Colin Kreidewolf as newly appoint BorougFh Truslce replacingi Lynnc Mortimer. The membLrs have appointed Mrs Val Bint and Dr John Warren a5 Trustees and welcome them to ihe Board. Aim5 & Objectives, Public Benefit The primary objective of the trust is the preservation and maintenance, for the public benefit of rcdundant churchcs of all dcnominations in thc Borough of IpS￿Ich which arc of historic or archileclural valuc. Currently. the Trust holds long Icascs on four redundanl churches in Ipswich granted by Ipswich Borough Council. the freeholder. The Trust also holds a walLhing brief for other redundant LhurLhes in Ihe iom'n. The four LhurLhes are Si Peter, St Clement, St Lawren¢e and Si Steph¢n. The Trust airn is to seek alternative uses of the churchc5 having rcgard to the Icgal and other constraints imposcd by: the tems of the Trust's own lease planning and listed building controls grant conditions restrictions imposed on the transfer of the churches to the Borough by the Church Commissioners The Ipswich Historic Churches Trust Ltd the condition of the buildings. The Trust tries to match aN'ailable funds with grdnts to undertake works of strnctural and external repair. Historically, regular grnnts are made by Ipswich Borough Council. Grants for specific projects are provided from our sources. The Trust applies any income gencrdtcd from the churche5 in norn]al n]aintenancc and in buildiiig reserves for future works. Sources of income The Trust ha5 dboul 80 mcmbcrs who pay an annual sub5cripliun or a life ineinbcrship. At the dale ot-this repon the subscripiion rates are £10 for annual membership and £1 00 for lite ernbership. Ipswich Borough Council pay5 amounts to pay for some of the general mainrcnancc of ihc churches, and has ihis ycar commiiicd io fund repair works idcniified in th¢ 2020 quinqiicnnial rcports on a rolling, programmc. Thc Trust also rcc¢ivos boqucsts or donations for %peeific repairs or actii'ilie.%. Oiher small amounts of inconie coine froii) the sale ot inlormalion leallel.q and donations for using Ihe bells in the churcheq. In addition, the Truqt is able lo s¢¢k ¢haritabl¢ donations from outsid¢ Charities who hav¢ funds io assist with our work. St Clement's Church In 2023 we r¢port¢d ihai the works io level (he floor and provide ihe firsi phase of the plan havL bccn implcmcnlcd, and that Ihc sccond phasc lo insiall ioilcls, which involvcd ¢onn¢etions to sewcrs, wat¢r and upgrnding olc¢irieity dislribulion was ¢omplolcd in 2024. This work iyds lunded by ValenLia Communities Fund and a private donor. In the year 2025. we hal'e upg?raded the fire alarni sysiem and installed some on peak lieating lo LxlLnd Ihc ILltin&' pcriod. WL havc bccn girLaily assisiLd by Rotary Orwcll who havc repaired and added to the s¢aiing in the churchyard as w'ell a5 maintaining areas aftd planting bulb5. Thc churchyard is now bccoming a dclighiful grccn urban spacc. Our neighbOu￿ on the old Church Hall site ran into ihe brick and iron railing fence and Ihis 15 now rcstorcd and much ncater. Leitings have been good and repeat uses are becoming the nom). St Lawrence Church Last year it was reported. 'Little has changed since w¢ reported last year until the Quinqucnnial Inspcction in Dcccmbcr rcvcalcd a bulgc in ihc flint eladding on thc south sidc of the I0￿'¢r. Oncc idcnti ficd IBC Building Control were advised and scarrolding erected almost immediately to protect the public from any risk of falling stonework. Works will commenLe in April after the winter frosts 10 repair the flinl. This is part of the quinquennial work and will impact th¢ ord¢r in which IBC Cary out their agreed funding of the works." During 2024 IBC appointed A￿hlIe¢l$, Quantity Surveyors and Contractors. and reviewed and designed the project. but the fr05t-free M-indow. to coJnplete the liine work was lost so the works commenced in 2025. The lower is currently wrapped in scaffold which is then wrapped and ￿'OrkS continue this winter. We are looking forward to a glorious emergence in the spring when the lower is visible again. The Ipswich Historic Churches Trust Ltd The Trust has leased the church 10 Realise Futures Community Inieresi Company. The annual lease payment is £ 11,240.00. The Trust also rents out various parts of the churchyard and former boiler house to a neighlKTruring coffee shop and others for an amiual rent of £776 during the summer months. The concern ihal the churchyard was being used by gangs for drng dealing and general rowdiness has subsided, the Trustees. Building Sub C"ommittee were part of a co-ordinated Borough, County and Police actions to seek a peaceful end lo this behaviour. and li appears to hav¢ r¢licv¢d th¢ situation. St Peter's Church It has becn a quici ycar in Si Peicr's al ihc Waicrfronr and as last year ihc Trusi has leascd Ihc hurch to thc Ipsw'ich Hospital Band Ltd. Thcy opcratc as thc ¢ontrc for thc Hospital Band and a venue for fund raisii)g aclivilies for the local hospiial. The rent was last iiicreased from £3.500 p.a. lo £3964.00 p.a. During the year no major works lo the church have been carried out but the Trusi has 5UCCCSsfully lobbicd thc Borough Council to cary out rcpair and maintcnancc to the churchydrd and boundary walls. St Stephen's Church This Church is no longer in our control. Last y¢ar ive reported that the Borough has worked hard on Si Siephen5 ihis year and il is now open regyularly a music and perfonnanLe Lentre. The Tru%1 wi%he% lh¢ Borough well wilh Ihi% i'enlure and congyralulales Ih¢in on lh¢ works. and we are delighted thai here 100 more people are seeing in8ide one of our gloriou8 mediei'al LhiirLhcs. It hab bLcomL a succcss. Quinquennial Inspections Thc Trust has SOUgTht funding lo carry oul the works set out in Ihc QuinquLnnial rcports and is delightcd with the Borough'5 resrKinse. Tenders for the professional ivorks were sought in 2023 and Nicolas Jacob Architects are now appointed and have commenced a new in%pection, the immediate repairs to St Lawrence are uiiderway see earlier. Building works will bc happening later in 2026 on the most prcs5ing iteins in the report5 011 St Peters and St Clements. The Reports are now in and set out a long road of works to care for our medieval structurcs. Wc will nccd to continuc to raisc funds into thc futurc and thc Board is committcd lo the task. Report pr reJLby1￿e ruslees F