2025-12-31-accounts - The Rowland Trust

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CHARITY COMMISSION FOR ENGLAND AAID WALES TI IL Rllll LIXD J FIL.I.- Receipts and payments accounts 294714 Forthe P0d from 1st Jarmjary 31st Decemtr 2025 Section A Receipts and payments Unrestrict8d Endowment Resuicted funds fund$ Tot&1 funds Lasiyear th8nwfj£ th•neor•bt£ tOtherrI4tE tothunr•stE A1 A8c&pts DonanS GrftAid Donations T8x reclaimÈd 165 165 640 98 740 429 Int8r8si Legacies 25.107 25.107 Sub total IGrossin¢omellNore l) 26,010 26,010 A2 ASS and invesiment S8las COIF Chanties Investment Fund 53.50 Accumul8tK>n Unrt5 14.000 14000 17,500 Sub totsl 14000 14.000 Totsl recelpts 40.010 40,010 18,669 A3Pa ents Gr8nts Aw8rded to PCC ol Sidtnouth Pansh Church (Note 2 Transferto COIF D r( Fun Sub total 3&502 $02 20.630 39,402 39,402 20.630 MA¥¥etand InvlM¢t purchas8s COIF Charitie5 IveStMent Fund 2.46 Accumulation un Sub totsl Totslp8yments( Note IJ 40.002 40,002 20,630 Notof rvceipts/(paymentsl A5 Transfers botw•en ld9 A6 Ca$hlunds lastyaarend Bankcash funds thisy88rend 11,9611 2,041 80 CCXX R1 accounts ISS} 23101r2026

Section B Statement of assets and liabilities at the end of the period Unrgstricted Restricted Yunds Endowrnent funds C&o.grIp. Oefaii$ B1 Cashtunds LI09 Bènk Business eankhigAIC CCLA COIF Fund 902 Totol cash lunds Unrestrictad RtriCt&d fuhds End¢Jwrnent fund8 tèn•arq£ O&tails b)ret B3 Imiestmentassets CCLA COIF In%nrrt Fund 398.83Accurnuiatk)n Unri$ CCLACOIFlnvestmentFun 101.915 2257.33 IOffie Fund Ur¢its 44616 AmDuThtd Whllndw l¢)pOonBII B5 Llablllll•s Nil TOTAL FUNDS IUMo$knodl 146.521 Last Year 162,144.00 Note 1.. Included in ihe bankgtur[r was 215.OOOforan unpabJ(equelrom a IegaLyvthhWas suc¢e5slullyrei8$ued. Note 2.. TheTrusi de8d StnICS th*Grants shtyJld beonlyforthe repawarKJ maintenanceof s¥Jmoh Parish Church. Sgned byone OrMtruS&8 behaiftst allthEtiustees Print Narne Date of approval Philip Hvghes 5thJ•nuary2026 CCXX R2 accounts ISSI 23101r2026

Trustees. Annual Report for the period Period siart dale January 2025 Pefic¥J erKI dale 31st December 2025 From Section A Reference and administration details Charity name THE ROWLAND TRUST Other names charty is known by, Registered charity number (if any) 294714 Charity's principal address Penny Royal ' Muttersmix)r Road Sidmouth Postcode IEX10 8RH Names of the charlty trustees who manage the charlty Dates acted if not for whole Trustee name Office llf any) Name of person lor body) entitled toa oint trusteè if an Philip Hughes Jeff Bailey Sue Byrd David Mason Secretary & Trustee Trustee The Committee of Trustees The Committee of Trustees The Committee of Trustees The Committee of Trustees Trustee Trustee Pauline Wade Trustee The Commiltee of Trustees The Committee of Trustees Paul Swinbum Trustee Section B Structure, overnance and mana ement Description of the charity's trusts Type of goveming d¢xument ITrust Deed How the charity is conslrtuted Charitable Trust Trustee selection methods i By appointffEnt by the committee of Trustees Additional governance issues (Optional information) TAR

You may choose to indude additional informalion, where relevant, about= The trustees all have a connection with Sidmouth Parish Church St Giles & St Nicholas, for example as WicarlRector, communicant, ex- churthwardens and treasurers. policies and procedures adopted for the induction and training of trustees.. the charity's organisational stNclure and any wider neork with which the charity Works; relationship with any rdated parties., trustees, consideration of major risks and the system and procedures lo manage them. This is because the Trust was fomed to give grants to pay for the repairand maintenance ofthe fabric ofthe above church building. The appoinled trustees have the knowledge and experience of the building and its demands, and this helps them to assess fLJture requests for grants. Where a tiuslee al hdds an offiua p)srtton on the PCC of the above Church they have been advised of the need to dedare an interest when deoding whether lo apply for a grant from The Rowland Trust, and in tum whether a grant should be awarded. Some Church members regard the Trust's funds as a their 'building fund. and the main risk is that- if there was a serious major demand for repair and maintenance- there may be insufficient fvnds to meet this demand while maintaining provision for future long-temi demands. See Section G on investment strategy to counter Ihis event, Dual control and signing is operated on all bank and investment accounts. Section C Ob"ectives and activities To provide funds in the fonr of grants lo The PCC of Sidmouth Parish Church St Giles & St Nicholas for the repair. upkeep and mainlenance of the fabric of the buildin9. Summary ofthe objects ofthe charity set out in its goveming document By maintaining the Parish Church building in good order so thal the public have a Pl for worship, private prayer, marriages, funerals, dvic ceremonies, meeting plaS for soctal events and quality musical concerts. The Church provides a fccal place for the Sidmouth community. In maknng dSlOn5 about grants the twstees have had due regard to the commission's public benefit guidan when exercising any powers or dulles to which the guidance is relevanL Summary ofthe main adiYitie$ undertaken for tho public benefft in relation to these objects {include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charty Commission on public benefrti Main activities: 1. Continued encouragement for church members and others to make bequests and donations to The Rovland Trust. 2. To ensure safe reIpt and acknowledgement of gifts and bequests. 3. Administeting and investing such bequests with CCLA. 4. To consider carefully requests from the PCC for grants. 5. Examining these requ&sts and liaising with the PCC Treasurer and Churchwardens on timings and prr)cess induding the provision of proper quoles and estimates. 6. Distributing the grants to the PCC. Please see below for investment rategy. TAR Mlrth 2Q12

Additional details of objectives and activities {Optional infonnatlon Policy on Grant making. There may te (2se for 'new build, in the future. That has rtot arisen yet. hen the trusl deed was first drawn up an adjoining building supplied toilet and office factlities. So, there was no need to indude that dause. sin then, toilet faolrtses have been provided by other donattons. You may choose to indude further statements, where relevant, about- policy on grantmaktng", policy programme related investment; contribution made by volunteers. So, the policy for the moment is to continue that listed above in the objectives section. Investsnent Strategy. Some of the Trustees have attended 'zoom' type lectures with CCLA COIF to assess and rev7ew our investment strategy. We are satisfièd that they (yjntinue to be an appropriate fund manager and are aware of their forthcorning merger wsth Jupiter Fund Management. We have set up a capital a(xumulation fund of £100,000+ and an income fund of£45,000, the latter to provide incomè forthe annual and smaii repair and maintenance costs. Safèguarding All twstees are are of the necessary procedur&s. Section D Achievements and perfonnance Summary ofthe main achievements of the charity durlng the year 1. We reiVed bequests of £25.000 during the year. 2. We distributed that to the PCC in the fonn of grants tOPFed up by £13,000 of other repair and maintenance demands. 3. We revsewed the inv&stment strategy and implemented the actions listed above. 4. We are reviewng our publicity and promotional material to better meet our future needs. 5. We had a thorough rev5ew of our activities with the Rector of the Sid Valley to discuss the issues ouuined elsewhere in this report. Section E Financial review As mentioned in Sectton C we decided to set up a capital accumulation fund of £100,000+ and an income fund of£45,000, the latter to provide income for the annual and small repair and maintenance costs. Brief ststement of the charitys policy on reserves TAR March 2012

Detsils of any funds materialty in deficit None Further financial review details (Optional inforniation) The prinapal SoUS of funds are: You may choose to indude additional infomiation, where relevant about= the charty's prinapal sourGes of funds (including any fundraising),. how expenditure has supported the key objectives ofthe charity- investmenl policy and objectives induding any ethical investment policy adopted. Bequests and legaies Regular Gift Aided donations supported by tax reclaimed from HMRC One off donations. Investment income. CCLA COIF- funds have pertomied well in volatile conditions. Expenditure of funds. From the accounts it can be seen thal all funds were directed to the PCC of Sidmouth Parish Church as directed by the Trust Deed. Section F 4)UwoptionaLinforntioI¥-. . . ........................ SectÉo.n_G_. - De.Cjaratio_ The trustses declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{s) Full name(s) Philip Edwin Hughes Position (eg Secretary, Chair, etc) Secretary & Trustee 31" December2025 TAR Marth 2012

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ THE ROWLAND TRUST members of On accounts for the year 31[st] December 2025 Charity no 294714 ended (if any) Set out on pages 1 to 2 )

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] December 2025 .

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 10/04/2026 Signed: Name: Duncan Akers Relevant professional FCA qualification(s) or body (if any): Address: Easterbrook Eaton Ltd Cosmopolitan House, Old Fore Street, Sidmouth, EX10 8LS