Penny Royal Muttersmoor Road Sidmouth EX10 8RH Tel: 01395 516373 philipandsheilahughes@gmail.com
The Rowland Trust
18 January 2023
Annual Report for 2022
During the year a legacy was left to Sidmouth Parish Church by Sue Gardiner in the sum of £30,000. It was agreed with the Parochial Church Council and the solicitors acting that, as the intention was to give this through The Rowland Trust, that it should come to the Trust in the first place but be granted to the PCC for repair and maintenance bills.
£30,000 was, therefore, passed to the PCC for this purpose together with further grants of £8,571 for regular repair and maintenance bills.
Another bequest of £100 was received from Barbara Hamer.
The Investment Fund with COIF had volatility but finished the year on a stronger note at £141,935. At the time of writing the Investment Fund stood at £145,986.
We expect two further bequests, but sums unknown at this stage. We also expect that help for grants to the PCC for routine repairs and maintenance will continue which is consistent with the Trust’s aims and objectives.
An AGM will be called after the examination of accounts has been finalised.
With grateful thanks to all our trustees for their support and guidance.
Philip Hughes Secretary and Trustee
Registered Charity 294714
Trustees: Philip Hughes (Secretary), Jeff Bailey, Mrs Sue Byrd, David Govier, David Mason, Revd Matt Selman
THE ROWLAND TRUST
Registered Charity 294714
RECEIPTS & PAYMENTS AND STATEMENT OF ASSETS & LIABILITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| Section A Receipts and payments 1st January 2022 | Section A Receipts and payments 1st January 2022 | Section A Receipts and payments 1st January 2022 | to 31st December 2022 | to 31st December 2022 | to 31st December 2022 | to 31st December 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted funds £ 180 240 311 30,100 30,831 7,000 - 7,000 37,831 38,571 - 38,571 |
Restricted funds £ - - - - - - - - |
Endowment funds £ - - - - - - - - |
Total funds £ 180 240 311 - 30,100 30,831 7,000 - 7,000 37,831 38,571 - 38,571 - |
Last year £ |
|||||
| A1 Receipts | |||||||||
| Gift Aid Donations | 180 | ||||||||
| Regular Gift Aid Donations | 240 | 960 | |||||||
| Tax reclaimed | 311 | 310 | |||||||
| Interest | - | ||||||||
| Legacies (Sue Gardiner £30,000 B Hamer £100) |
30,100 | 5,000 | |||||||
| Sub total(Gross income for AR) | 30,831 | 6,270 | |||||||
| A2 Asset and investment sales | |||||||||
| COIF Charities Investment Fund 31.49 Accumulation Units |
7,000 | - | |||||||
| - | - | ||||||||
| Sub total | 7,000 | - | |||||||
| Total receipts | |||||||||
| 6,270 | |||||||||
| A3 Payments | |||||||||
| Grants Awarded (PCC of Sidmouth Parish Church) |
38,571 | - | |||||||
| - | - | ||||||||
| Sub total | 38,571 | - | |||||||
| A4 Asset and investment purchases, (see table) |
|||||||||
84.57 Units purchased in COIF Investmentfund |
18,135 | ||||||||
| Sub total Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| - | - | - | - | 18,135 | |||||
| 38,571 (740) - 822 82 |
- - - - - |
- - - - - |
38,571 (740) |
||||||
| 18,135 | |||||||||
| (740) | - | - | (740) | (11,865) | |||||
| - | - | - | - | - | |||||
| 822 | - | - | 822 | 12,687 | |||||
| 82 | - | - | 82 | 822 |
CCXX R1 accounts (SS)
19/01/2023
1
| Section B Statement of assets as at 31st December 2022 | Section B Statement of assets as at 31st December 2022 | |||
|---|---|---|---|---|
| Categories B3 Investment assets On behalf of the Trustees B1 Cash funds |
Unrestricted funds Last Year £ £ Closed 82 822 82 822 141,935 163,717 643.57 142,017 164,539 Philip Hughes, Secretary & Trustee 17th January 2023 Details Total cash funds COIF Investment Fund TOTAL FUNDS COIF Charities Deposit Fund Lloyds Bank Current Account |
Unrestricted funds £ 82 82 |
Last Year £ |
|
| Closed | ||||
| 822 | ||||
| 822 | ||||
| 141,935 | 163,717 | |||
| 142,017 | 164,539 |
CCXX R2 accounts (SS)
19/01/2023
2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE ROWLAND TRUST On accounts for the yoar onded 31 St December 2022 Charity no (if any) 294714 Set out on pages 1 to2 I report to lh8 trustees on my examination of th6 accounts of the above charity (Ihe Trust-) for the year ended 31" D0mber 2022. Rèsponslbllltles and As the charity trustees of the Trust, you are responsible for the preparation basls of report of the ac(xJunls in a¢cordan with the r8quirements of the Charities Act 2011 {'th8 Act"). I re4K)rt in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Gqrrying out my exafflination. I have followed the applicable Directions given by the Charity Commission under seciion 14515Xb} of the Act. I have ¢omplete(I my examination. I confim that no malerial matters have come lo my attention in connection with the examination which gives me cause to believe that in, any material respe¢t.- ac(x)unling records were not kept in accordan with section 130 of the Act or the accounts do not accord with the accounting rerdS I have no concems and have come across no other matters in conn8dion with the examination lo which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Indepondent examiner's statement Dat8: 3011112023 SIgn. Name: Adrian Coombe FCA Relevant professional qualrficalionls) or body (if any): FCA. FMAAT Addro8S". Easterbrook Eaton Ltd Cosmopolitan House. Old Fore St. Sidmouth, EX10 8LS