## **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:
1. 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
2. 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**|
||||||||||
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|||||5|||||
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||||**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**|
|||||||||||
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|||||||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**|
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