Trustees Annual Report and Financial Statements
The Har�ield Church Trust
Registered Charity no. 279603
For the year ended 5[th] April 2025
Contents
Page Trustees Annual Report 2 Independent Examiner’s Report 4 Statement of Financial Ac�vi�es 5 Statement of Assets and Liabili�es 6 Notes to Financial Statements 7
The Moat, Moat Lane, Cowden, Kent TN8 7DP
Bankers: Barclays Bank plc, Moorgate Group of Branches, 128 Moorgate, London EC2M 6SX Investment Brokers: Brewin Dolphin Ltd, 12 Smithfield Steet, London EC1A 9BD
The Har�ield Church Trust
Registered Charity no. 279603
Trustees Annual Report for the year ended 5[th] April 2025
Structure, governance and management
The Har�ield Church Trust is registered with the Charity Commission as required by the Chari�es Act 2011. The Har�ield Church Trust was set up under a trustee deed dated 18[th] February 1980.
The current trustees (the “Trustees”) are as follows: R H Jackson, T J Jackson, J H Murray-Willis. There were no change to Trustees during the year but T J Jackson was appointed chair in the place of R H Jackson. It has been agreed that R H Jackson will be standing down as a Trustee in the next financial year and will be replaced by D Chivers.
Aim and Purpose
The objec�ve of the Har�ield Church Trust is to support the parish of St Mary the Virgin, Har�ield in its ac�vi�es and buildings. This support also extends to support of the ac�vi�es and buildings of St Mary the Virgin CE Aided School, Har�ield.
Objec�ves and Ac�vi�es
It is the inten�on of the trustees to con�nue in their support of St Mary the Virgin, Har�ield and St Mary the Virgin CE Aided School, Har�ield. During the year the trustees made a grant of £19,000 to the parochial church council of St Mary the Virgin, Har�ield (the “PCC”).
Financial Review
The total receipts for the year were £16,934 (year ended 5[th] April 2024 (“ye 2024”): £16,471). Grants totalling £19,000 (ye 2024 £16,000) were made to the PCC as a contribu�on towards maintaining the church fabric.
During the year the Trustees’ brokers, Brewin Dolphin, sold investments of £8,674 (ye 2024: nil) and purchased investments of £1,542 (ye 2024: £5,966). These are detailed in Note 4 to the Financial Statements.
The market value of the investments at 5[th] April 2025 amounted to £610,202 (5[th] April 2024: £635,837). The total monetary assets at 5[th] April 2025 amounted to £10,535 (5[th] April 2024: £8,238).
There were no outstanding liabili�es as at 5[th] April 2025 (5[th] April 2024: nil).
2
Reserve Policy
It is the Trustees policy to invest the Trust’s funds to ensure that the income received from those investments over a period of �me is more than sufficient to meet the cost of suppor�ng St Mary the Virgin, Har�ield, although in excep�onal circumstances they may make a grant drawing on the investments of the Trust.
Dated 21th September 2025
Tim Jackson
3
The Independent Examiner’s report to
the Trustees of Har�ield Church Trust
I report on the accounts of the Trust for the year ended 5[th] April 2025, which are set out on pages 5 to 7.
Respec�ve responsibili�es of the Trustees and the examiner.
As Trustees you are responsible for the prepara�on of the accounts. You consider that an audit is not required for this year under sec�on 144(2) of the Chari�es Act 2011 (the 2011 Act) and that an independent examina�on is needed.
It is my responsibility to:
· Examine the accounts (under sec�on 145 of the 2011 Act);
· To follow the procedures laid down in the General Direc�ons given by the
Charity Commissioners (under sec�on(5)(b) of the 2011 Act); and
· To state whether par�cular ma�ers have come to my a�en�on.
Basis of Independent Examiner’s report
My examina�on was carried out in accordance with the general Direc�ons given by the Charity Commission. An examina�on includes a review of the accoun�ng records kept by the Har�ield Church Trust and a comparison of the accounts presented with those records. It also includes considera�on of any unusual items or disclosures in the accounts and seeking explana�ons from you as Trustees concerning such ma�ers. The procedures undertaken do not provide all evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those ma�ers set out in the statement below.
Independent examiner’s statement
In connec�on with my examina�on, no ma�er has come to my a�en�on:
-
Which gives me reasonable cause to believe that in any material respect the Requirements to keep accoun�ng records in accordance with sec�on 130 of the 2011 Act; and to prepare accounts which accord with the accoun�ng records and comply with the accoun�ng requirements of the 2011 Act have not been met; or
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to which, in my opinion, a�en�on should be drawn in order to enable a proper understanding of the accounts to be reached.
Paul Ma�hew Neville
21[st] September 2025 21 Bri�s Farm Road, Buxted, TN22 4LZ
| Hartfield Church Trust | Hartfield Church Trust | Hartfield Church Trust | ||||||
|---|---|---|---|---|---|---|---|---|
| Financial Statements for the year ended 5 April 2025 | ||||||||
| Receipts and Payment Account | ||||||||
| Notes | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Receipts | ||||||||
| Receipts from Investments | ||||||||
| Dividends | 16,660 | 15,996 | ||||||
| Interest Received | 274 | 475 | ||||||
| Total Investment Income | £ | 16,934 | £ | 16,471 | ||||
| Proceeds on Sale of Investments | 3 | 8,674 | 0 | |||||
| Other Income | 0 | 0 | ||||||
| Total Receipts | £ | 25,608 | £ | 16,471 | ||||
| Payments | ||||||||
| Contributions to Hartfield PCC | 19,000 | 16,000 | ||||||
| 19,000 | 16,000 | |||||||
| Trustees Expenses | ||||||||
| Bank Charges | 4 | 3 | ||||||
| Brokers Admin Fees | 2,855 | 1,887 | ||||||
| 2,859 | 1,890 | |||||||
| Total Payments for Grants & Trustees Expenses | £ | 21,859 | £ | 17,890 | ||||
| Purchase of Investments | 4 | 1,542 | 5,966 | |||||
| Total Payments | £ | 23,401 | £ | 23,856 | ||||
| Excess Receipts over Payments | 2,207 | (7,385) | ||||||
| Cash Balances at 6th April 2024 | 8,328 | 15,713 | ||||||
| Cash Balances at 5th April 2025 | £ | 10,535 | £ | 8,328 | ||||
| Barclays Bank account at 5th April 2025 | 2,150 | 4,902 | ||||||
| Cash with Brewin Dolphin at 5th April 2025 | 8,385 | 3,426 | ||||||
| Total Cash Balances at 5th April 2025 | £ | 10,535 | £ | 8,328 | ||||
| 5 | ||||||||
| Hartfield Church Trust | Hartfield Church Trust | Hartfield Church Trust | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Financial Statements for the year ended 5 April 2025 | |||||||||
| Statement of Assets and Liabilities | |||||||||
| 2025 | 2024 | ||||||||
| £ | £ | ||||||||
| Monetary Assets | |||||||||
| Brewin Dolphin - Income account | 682 | 0 | |||||||
| Brewin Dolphin - Capital account | 7,703 | 3,426 | |||||||
| 8,385 | 3,426 | ||||||||
| Barclays Bank - Current account | 2,150 | 4,902 | |||||||
| Total MonetaryAssets | £ | 10,535 | £ | 8,328 | |||||
| Debtors | £ | 0 | £ | 0 | |||||
| Investment Assets | |||||||||
| 2 | 025 | 20 | 24 | ||||||
| Invested with Brewin Dolphin | Cost | Market | Cost | Market | |||||
| Value | Value | ||||||||
| 16,250 Man Fd Mgmt GLG SterlingCorpBond 19,240 21,515 |
19,240 | 19,094 | |||||||
| 1,000 Pimco UK Inc Bond | 14,116 | 12,312 | 14,116 | 12,380 | |||||
| 110 TwentyFour Global CorpBond | 14,580 | 12,228 | 14,580 | 12,268 | |||||
| 5,000 Twentyfour Inc Ord Red | 5,624 5,430 |
5,624 | 5,230 | ||||||
| 7,500 Aberdeen Standard Fund 5,686 4,643 5,526 4,476 |
|||||||||
| 7,500 Man Fund Mgmt UK Ltd | 10,056 | 9,585 | 10,056 | 9,630 | |||||
| 3,000 HSBC Global Asset Mgt | 9,591 | 8,907 | 9,290 | 9,237 | |||||
| 3,000 Dunedin Income Growth Inv Trust | 6,345 | 8,220 | 6,345 | 8,280 | |||||
| 5,000 Mercantile Inv Trust | 12,649 | 10,500 | 12,649 | 11,100 | |||||
| 2,000 Cityof London | 8,623 | 8,510 | 8,623 | 8,040 | |||||
| 1,000 MurrayInc Trust | 9,452 | 7,820 | 9,452 | 8,250 | |||||
| 700 Aberforth Smaller Cos | 10,083 | 8,652 | 10,083 | 9,506 | |||||
| 1,000 Black Rock Throgmorton Trust | 7,904 | 4,890 | 7,904 | 5,790 | |||||
| 7,000 BNY Mellon GLB Funds US | 7,423 | 11,171 | 7,423 | 11,758 | |||||
| 150 SSGA SPDR EFT | 7,626 | 8,250 | 7,626 | 8,446 | |||||
| 6,000 North America Income Trust | 15,906 | 18,060 | 15,906 | 17,400 | |||||
| 10,000 Middlefield Can In Red PTG Pref Shares | 9,885 |
11,050 | 9,885 | 10,375 | |||||
| 2,800 The European Small Ord | 5,434 | 4,676 | 5,434 | 4,721 | |||||
| 7,000 Aberdeen Std Fd MG European Equity | 0 | 0 | 6,788 | 8,519 | |||||
| 1,600 FidelityEuropean Trust OrdaryShares | 4,977 | 5,672 | 4,977 | 6,224 | |||||
| 800 Blackrock Continental European | 1,572 | 1,503 | 0 | 0 | |||||
| 6,500 CC Japan Inc | 9,107 | 10,498 | 9,107 | 12,805 | |||||
| 400 Morgan StanleyInv Fnds Asia Opp | 13,539 | 10,121 | 13,520 | 9,116 | |||||
| 4,000 Schoder Oriental | 10,184 | 10,120 | 10,184 | 10,360 | |||||
| 3,500 JP Morgan Emerge Mkt Trust | 4,273 | 4,410 | 4,273 | 4,655 | |||||
| 4,500 Jupiter Emerging& Frontier | 0 | 0 | 51 | 22 | |||||
| 3,125 MurrayIntl Trust | 7,569 | 7,703 | 7,570 | 7,750 | |||||
| 7,000 Franklin Templeton | 5,769 | 7,406 | 5,769 | 6,847 | |||||
| 3,000 Heriot Global Fd | 7,397 | 7,642 | 7,397 | 7,891 | |||||
| 1,000 Scottish Mortgage Inv Trust | 520 | 8,554 | 520 | 8,576 | |||||
| 4,000 Henderson Intl | 6,717 | 6,320 | 6,717 | 6,540 | |||||
| 9,000 Trojan Inv X | 11,404 | 12,121 | 11,404 | 11,522 | |||||
| 5,204 Triple Point Social C Shares | 5,410 | 3,117 | 5,410 | 3,107 | |||||
| 5,000 Gore Street EnergyStar Fund | 5,431 | 2,388 | 5,431 | 3,120 | |||||
| 6,000 Cordiant Digital | 6,338 | 4,980 | 6,338 | 3,804 | |||||
| 280,430 | 278,974 | 285,218 | 286,839 | ||||||
| Held byRegistrars | |||||||||
| 13,360 Foreign & Colonial Inv Trust | 20,271 | 134,268 | 20,271 | 131,329 | |||||
| 15,000 Alliance Wittan Trust | 15,000 | 163,500 | 15,000 | 182,100 | |||||
| 35,271 | 297,768 | 35,271 | 313,429 | ||||||
| Invested with COIF CharityFunds | |||||||||
| COIF Charities Investment Fund(1777.55units) | 25,000 | 33,460 | 25,000 | 35,569 | |||||
| Total Investment Assets | 340,701 | 610,202 | 345,489 | 635,837 | |||||
| Total Assets | £ | 620,737 | £ | 644,165 | |||||
| Acculmulated Funds | (Note 5) | £ | 620,737 | £ | 644,165 | ||||
| 6 |
| Hartfield Church Trust | Hartfield Church Trust | Hartfield Church Trust | ||||||
|---|---|---|---|---|---|---|---|---|
| Financial Statements for the year ended 5 April 2025 | ||||||||
| Notes to the accounts | ||||||||
| 1 | The financial statements have beenprepared in accordance with the Charities Act 2011, | |||||||
| usingthe Reciepts and Payments basis. | ||||||||
| 2 | The value of the Investments as at 5 April 2025 are shown at the mid market value | |||||||
| 3 | Duringtheyear the followinginvestments were sold: | |||||||
| 7,000 ABRDN Europe ex UK Inc Equity | 8,526 | |||||||
| MiscAdjustments | 148 | |||||||
| £ | 8,674 | |||||||
| 4 | Duringtheyear the followinginvestments werepurchased: | |||||||
| 800 Blackrock Continental European Inc | £1,542 | |||||||
| 5 | Movements on Accumulated Funds | |||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Balance brought forward as at 6 April 2024 | 644,165 | 596,338 | ||||||
| Excess of Receipts over Payments | 2,207 | (7,384) | ||||||
| Revaluation of Investments at 5 April 2025 | ||||||||
| Value 6 April 2024 | 635,837 | 580,626 | ||||||
| Value 5 April 2025 | 610,202 | 635,837 | ||||||
| (25,635) | 55,211 | |||||||
| Balance carried forward as at 5 April 2025 | £ | 620,737 | £ | 644,165 | ||||
| 7 |