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