FITZALAN CHAPEL CHARfTABLE TRUST ACCOUNrs FOR THE YEAR EtIDED 5 APRIL 2025 Charity Registration Number 279379
FifLALAN CHAPEL CHARITABLE TRUST INDEX Page Income & ExFKnditure Aecount Balance Slieet Notes to the Accounts Trustees Report Indendent Examiners Rep)rt
FJfL4LAN CHAPEL CHARITABLE TRUST STATEMENTOF REcum AND PAYMENTS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 INCOMING RESOiJRCL8 Donations Divi(knd Income Surplus on Sale of Inv¢slmEnts Dep)sitlntere* Retordirt8S sWry Rxript5 fromSal&% 19J36 933S J7,578 9,058 2,707 57 824 33553 29.460 RESOURW FPENDED Chapel Maintenanr¢ Costs ACCOlncY Fees InsTtr8nce Pr¢]niums Invc51llwl MaJet 3S886 750 24528 1992 293 J,470 19,625 2,270 23,665 BALANCE REPRESENTING IDEFICIT)ISURPLUS OF INCOME OVEREXPENDITURE FOR THE YEAR 5,795
P882 2 FfrzAIAN CfrtAPEL CHARrrABLE TRUST BAL4T4CE SREET AS AT SAPRIL2025 21J15 2024 FUND ACCOUNr B•l#n¢t at 6 Aprll 2024 Si4,659 ID JE>)urtrJduTing Ye•tas Page I 119,603) .795 530,83I 500.4J4 UNRLiLtSED INVESTMEThT GAINS BAI•Dce44 •t6 April'20Z4 101,645 45.500 Net IEwea%) iti ValLtyliOti G¥ins of InVeStsr duriDKYttr 5CJ.J45 103JJ3 JOl.645 BalanrE of Fund •1 8t5 Aprll 2025 634J64 662.099 REPRFSENTED BY: INVESTMENTS 623,fj39 637.912 CASH BAL4NCES Schmthr & Co.Lirnited LI$ Barjk ple 9J25 1.4 21.959 2,228 )4.17 B*lane+ M S Aprll 2025 HI• Gr•¢e Edwxrd 18th DukEotNDrfolk_Tru¥teè JotsTh M•rtin Robillwu-Trwtre
P88e 3 FITZALAN CHAPEL CHARITABLETRUST NOTES TO THE ACCOUNTS- YEAR ENDED SAPRIL2025 I. INVESTMENrs Inwtstm¢nts h¢ld at 5 Apri12025 U•its C•$t Market Valot O&Apr-25 SVTL CazeDOV¢ CBP Crowlh F¥nd lfttorne Urtlts 947.635 519.670 623.639 519,670 6LI,639 2. INVFSTMENT TW4SACtIONS lo25 SUTL C•unove GBP Growth F•Dd In¢ome Units fric¢ Per Uitt Per Unit Market Value Units Cosl Holding at 6 April 2024 0.55 977.044 535.812 Secwity le Security sak Security equalisotion 28110r2024 24112n024 0.59 0.55 (14,821) 114.5881 (&1351 ({7) -0.53 .55 Holding 18 #t S April 202S 0.55 947,635 519,670 Per U#ltM&rk& VuiMéoJHoldiyul 5th Apri12025 947,635 623,639 ANNUAL ACCOUNrs Th¢ •ttathed A¢UnIS have pJrpÈttd on aR¢ccipts and Payment5 b&si5 a5 permitted underRction 133 of the etltieS Act 201 l. The Accounts •Te prepared on 8 consistent btsis yearon ye8r investsnents at th¢ Tend are ]Ved Ing CawJoNt kn%tstDxentTttarJw v8Ju#tton do¢ume]llS.
Thc. Filzalan Cha I Caritable Trus( TruilLes Anllu#l RL ri for Ilie I'e#i' ended 5 A )I'jl ?ll2S The Fiizalan c.hapel C11aritable Trust is coiisliiuled bj. a Dcclaration of Trus1 dxtcd 14 January. 1980 is a Retristeted Cliaritj, Number 279)79. Tli¢ TrusicLs during the y¢gr ended 5 April 2025 '¢r¢.. MaLgi1]g l-rust¢es'. His Gl'ace l.dward, 18 Duke of Norfolk F.arl of Ariindel Di" John Martin Robinson SecretaTh': .è.mnia JohnstOll¢ F.C.C.A The ltsiate Office, l Loiidoii Road. .4rundel, West Sus5eK BNI 8 9BH The objecti.eS ol- the Charitv are to mainiain the slniGture djid fiibiiL OF the Fitzalan Chapel: Ai'undLI. Ilesl susse.x and io pi'ovide relioious getiices therein iii accordance with the bcli¢fs and t¢aLhings ofihe Roinan Catholi¥ Church. Tlie Filzftli Cliap¢l. fouiided iii 1380. is the burial place of th¢ Dukc5 ufli"orfolk aiid masses are said Lacli year for Ih¢ repose of thcir souls. Rccruitmeiil ot. trustees is b>, pcrsonal contact and can be inade by ITllStee5 al tim¢. TrLlts(ees do Iiot recoivc rb'numeration or expenses for time spent carry'ino out ilieir dutie.s. The (Nstees confirm tliul Iliry have rebaid for the Charity Coiy]Jnission's ouidance on public b¢nefil. Tlie}' take the i'i¢itr Iliul Ihe re4LiiILmenL lo shoii-- PLibli¢ beiielit is salisficd incliiding Ihe Fit7alan Chap¢l bLing op¢r to m¢mbers of the piiblic 11] ?0?4 and 202) for 197 & 19? da%$ I'es1)ectivel}' as part of the a¢c¢gs to Arundel C8Stlc & Gardens. A C.asile <iuide is bdsed iii tl)e Chapel K%.heii open wlJo offer dialogue ivith ifisitors sharing kiiowlcd¥c oii thc histot), of the building & coiitents. In ihe vestTI' there are a150 displaN's of artifacts. Tlie Trus1¢¢5 also iiivested in repairs diiring Ihe wear in order 10 preserN'e (lie Chapel for the benefit of fuiui'¢ generations. 'rhe -frustees acknowledge i&ith gratitude the geiicrous financial support ITccivcd totalling £19.336 frotn Ariindcl Cas11¢ Tru5tLLE Limiled (2024 £17,578)- The c.astle shop now sells fir7alan Chapel guidebOkS and poslcdrds: income totall £239 js due to l?e iransferred for buih 202?i23 and 20231?4 and the Castle will check the amouni du¢ toi. ?024125 sales. This year the incoJne accouiit did not bciJcfit from th¢ receipt of recordiiiuy f¢¢s, bill it remaiiis a vern. Iisetul sourLC of iiicome (derived from use ot th¢ Chapel for aiidin recoi.dings) as aiid when the opporrunity, arises. As al i April 2025 lh¢ Cliarili. h¢ld reserves amouiilu)g 10 £6J4.364 which are LltilisL.d liy tlic Tr11slees ic) cnable theni to fuiid iht n)ainieiiance of the fabric of th¢ C,hAPLI and its conteiits, in partlCLilar ihc tombs, in an appropi'iale manner. Tl)js rcpiLsLnts a decrea_%e ot £?7,73i in veseri"&s. I'liis is due to tlie cost ol-n)aintcnance of the Chapel duriiig Il)e Jedr.
P8s)c 5 The Fitzalan CIIA cl Charil'iblL Tru41 TrustCCS ilnnuAI R¢ ort fijr thL 'L•#f L'IiIILd ? A ril 7025 Continued 'he total incorne w'a¥ £33:553 cumpured lu £29.460 ihe prcvious year. Tlie diftcrence in incciTne 'as due a gain on sales of ii)V¢slmei)ts ot £3,8i812024 £?.767}, iiicreased funds receiiyed froj)) Arundel Castle Trustee5 L.iiiiited aiid iiicreased dividend income ld inicrcst. 11ie Income Accounl show's d deliLil of £29,603 (?0?4 siii'plus of £5:795) due to the higli iainteiiaDLe costs durijig the N'eai. iolalling £3i,886 {90?4- £293). Th¢ ini'e.Etmcnt pcTrrtfolio is Inanaued by CazLTrO&CS Londoii officc. During the year a total ol. £1,99? (20?4 £? ?76) was cliarged for provision of tlieir seri"'ices. After April ?3 the managenienl fee dropped Iiom c £9?0 per quarier lo c £457 1)er quarter which is a reduLliuii Irom 0.60/0 to 0.2iyo of lh¢ Jssel i'aliie. CazLnove have confirm¢d thai ihe Fee ivill staN at tl)is level. 111 2020 the Triistees considcred the mo.st apprttpriate t11¢}. for investing funds followinc economic ¢hanges and coiicluded thdt all ihe Trust ini'csimciits should be moved to Lh¢ Cu£enoiie Growih Port(olio Fuiid. T])c l-rustetS Wtre aw'are that this would I'e(luce tlic incoi?i oenerated kn cirLa £IO.000 pa bul ihal i%.lJen ihe capiial grOth of ttiis fund is laLLorcd in. Ihi5 would result overall in a belter iiive5tment Strat¢gy. The pottfolio is CLirrentl) 65.9ts/0 (includii)g 1.6th/9 UK Iiasedl (?024 64.30/0) equities, l ).60/0 (?0?4 - 16.OYo) 'fixcd intcjisl bonds. l?.4/0 (2024- 1?.8/) alternatiircs and 8.10/0 (20?4 7.04/0) cash. A d¢tailed Irport on the fabric OF the building was commissioned by the Tru5tcos in 2019 fi'oin Russell & Ta}'lor. Arcbitccts. This rcp()rt concliided vei}. few iiiiiior repairs dre re4uirLd fcii. 'ork to be carried out 10 the ChapL.I. Tl)e Tr115t r¢5crv¢s arc inl¢nded ID implemenl these Ininor w'orks ¥ithoui ihe need to resort ia additliinal fiiiid raising or borros%'ing. During 20?3124 i¥ork IaS oonipleted 011 installing lie, drainage and soakawai's to ihe F itza14n Chapel Si Nocliolas Chiirch. Pavmeiits were Inade for this work iii ?0?41? j. Tlie Ti"ust ¢ontribut¢d £12,564 to ihc cosi of LIIL works plus some archifects fee5. A li&yhiniiigT cundue.ior il'as installed in tlie. vear at a Lost lo ihe Chapcl of £2,99? "I'lic quotatinn for thc 5toiicM'ork above lady C.Siapil w'ind()¥Tr ivas approl'cd a( Ihe last nieetiJi¥. The liiial Loijtract SLlllI 'aS £17:146 i1"Ith £10.388 paid during the y¢ar ai)d arcl)it¢cts fce% totalli1i2 £4,?16. The Truste¢s haNe assess¢d the Inajor risks to whicli tlie Cliuril5.- is exp05¢d. in parlicular iliose relating to the c.lia l and ils Lonlvnls. The) revieiv on ali aiinual basi5 tlie adeiiuacN' of ilie insuraiice coi. e usual risks and dumagc from acts of terrorisni. His GrAce Edm'ard 181k Duke ofNorfolk (.Sisiied b). Lke 'l-ru%ie¢ 01) bchalf of the Board ot'Trustccsl Date.. I" Julj. 20?5
Pag¢ O Imde endent Ii xamincr's Ile ort on the Aeeount5 Report to the Trnstees of: FITZALAN CHAPEL CHARITABLE TRUST Registered Cbydrity number: 279379 I rert to th¢ charity tnt¢¢S on my examination of the accounls of Fitzalan Chapel Ctwitable Trust for the yrar ¢nded S AprAI 2025. which are set out on pages one to five. Responsibilities and bAs1s of report As thc charity's trustees you are resp)nsible for the prepa7ation of the aUnts in ardance with th¢ requiTanents ofthe CbaritiGS Act 2011 ('Ihe Act.). I report in rpect ofmy examilOOrthe¢har1ty,s accounts carried oul un(kr scctioll 145 of the2011 Act and in carrying Out my cxamination I have followed all the appIlble DIrtionS given by the Charity CotYLmiqsion under section 145(5)(b) of the Act. Independent ex4miller's statement I have completed my examinatioll. I confirm that no material matters have cotne lo my attention in connection with the exarnination giving m¢ ¢ause to believe t]Mt in any material rcspect;_ th¢ oUnting rrdS were not kq)t tn tyspect of the charity as required by section 130 of th Chariiies Act" or 2. the accounts do not accord with those ar£ounting rccords. or 3. the accounts do not cornply with the appIlble rcquiremNrts CO¢illg thc form and content of accounts set out iti the Charities {Accounts and RortS) Regulations 2008 other than any requireirLeat that the aecoullts givc a 'tnw and faAr' viay which is not a matter cotssidered as part of an iTependent examination. I have no Conc and have come across no other matters in connection with the exaTnination to which altention should be drdwn in this ryrt in order to enAble a proper understanding of the accounts to be reached. Lucy Dixon FCA Martin and Company 25 Si. Thomas Str¢& Winchester S025 9HJ (01962 844300) Dale ai J(kL 2021