CHARITY COMMISSION
FOR ENGLAND AAID WALES
TI IL Rllll LIXD J FIL.I.-
Receipts and payments accounts
294714
Forthe P￿0d from
1st Jarmjary
31st Decemt*r
2025
Section A Receipts and payments
Unrestrict8d
Endowment
Resuicted funds
fund$
Tot&1 funds
Lasiyear
th8nwfj*£
th•neor•bt£
tOther￿rI4tE
tothun￿r•stE
A1 A8c&pts
Dona￿nS
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
$02
20.630
39,402
39,402
20.630
MA¥¥etand Inv￿lM¢￿t purchas8s
COIF Charitie5 I￿veStMent Fund
2.46 Accumulation un
Sub totsl
Totslp8yments( Note IJ
40.002
40,002
20,630
Notof rvceipts/(paymentsl
A5 Transfers botw•en l￿d9
A6 Ca$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.g￿rIp.
Oefaii$
B1 Cashtunds
LI0￿9 Bènk Business eankhigAIC
CCLA COIF Fund
902
Totol cash lunds
Unrestrictad
R￿triCt&d fuhds
End¢Jwrnent
fund8
tèn•arq*£
O&tails
b)r￿￿e*￿t
B3 Imiestmentassets
CCLA COIF In%￿n￿rrt Fund
398.83Accurnuiatk)n Unri$
CCLACOIFlnvestmentFun
101.915
2257.33 I￿Offie Fund Ur¢its
44616
AmDuThtd
Whllndw l¢)pOonBII
B5 Llablllll•s
Nil
TOTAL FUNDS IUMo$kn￿odl
146.521
Last Year
162,144.00
Note 1.. Included in ihe bank￿gtur[￿r was 215.OOOforan unpabJ(*equelrom a IegaLyvth￿hWas suc¢e5slullyrei8$ued.
Note 2.. TheTrusi de8d ￿StnIC*S th*Grants shtyJld beonlyforthe repawarKJ maintenanceof s¥Jmo￿h 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
ne￿ork 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 pla￿S for soctal events and quality musical
concerts. The Church provides a fccal place for the Sidmouth community.
In maknng d￿SlOn5 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 re￿Ipt 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 re￿iVed 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 SoU￿S 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)UwoptionaLinforn￿tioI¥-. . . ............_..........._.
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

CHARITY COMMISSION
FOR ENGLAND AAID WALES
TI IL Rllll LIXD J FIL.I.-
Receipts and payments accounts
294714
Forthe P￿0d from
1st Jarmjary
31st Decemt*r
2025
Section A Receipts and payments
Unrestrict8d
Endowment
Resuicted funds
fund$
Tot&1 funds
Lasiyear
th8nwfj*£
th•neor•bt£
tOther￿rI4tE
tothun￿r•stE
A1 A8c&pts
Dona￿nS
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
$02
20.630
39,402
39,402
20.630
MA¥¥etand Inv￿lM¢￿t purchas8s
COIF Charitie5 I￿veStMent Fund
2.46 Accumulation un
Sub totsl
Totslp8yments( Note IJ
40.002
40,002
20,630
Notof rvceipts/(paymentsl
A5 Transfers botw•en l￿d9
A6 Ca$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.g￿rIp.
Oefaii$
B1 Cashtunds
LI0￿9 Bènk Business eankhigAIC
CCLA COIF Fund
902
Totol cash lunds
Unrestrictad
R￿triCt&d fuhds
End¢Jwrnent
fund8
tèn•arq*£
O&tails
b)r￿￿e*￿t
B3 Imiestmentassets
CCLA COIF In%￿n￿rrt Fund
398.83Accurnuiatk)n Unri$
CCLACOIFlnvestmentFun
101.915
2257.33 I￿Offie Fund Ur¢its
44616
AmDuThtd
Whllndw l¢)pOonBII
B5 Llablllll•s
Nil
TOTAL FUNDS IUMo$kn￿odl
146.521
Last Year
162,144.00
Note 1.. Included in ihe bank￿gtur[￿r was 215.OOOforan unpabJ(*equelrom a IegaLyvth￿hWas suc¢e5slullyrei8$ued.
Note 2.. TheTrusi de8d ￿StnIC*S th*Grants shtyJld beonlyforthe repawarKJ maintenanceof s¥Jmo￿h 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
ne￿ork 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 pla￿S for soctal events and quality musical
concerts. The Church provides a fccal place for the Sidmouth community.
In maknng d￿SlOn5 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 re￿Ipt 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 re￿iVed 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 SoU￿S 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)UwoptionaLinforn￿tioI¥-. . . ............_..........._.
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 

3