THE CHURCH CHARITY
Registcr¢d Numbcr 515250
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
EMBE
Independent Examiner:
Mr P J N&sh FCA
Rawdon l.louse
Rawdon Terrace
Ashby de la Zouch
Leicestershire
LE65 2GN

Page I
THF. C.HURCH CHARITY
Rcgisicred Number 515750
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
LEGAL AND ADMINISTRATIVE DETAILS
Bac
round Ob'ectives and Actii'ities
The Cliurch Chariiy of St. James. Smisby. has benefited from charitable income since 1794 and sin¢¢ a reorganisation
of the charities involved. in 1982, the Parochial Charity (Registered Number 515251) held endowed land which il
administered in order to generaie the disposable charitable income half of which flows lo the benefil of the Church
Charity.
The Scheme of Arrdnbyement for lh¢ Church Charity states that"The Trwiees ofihe Church Charioi shall upplj,
Ihe income ihereof in muiniaining.gi. jam￿ Church, .gmisby, ils churchyard and churLhyardgales, and in
oihenvise mainluining ihe services ihereal"
The Tru51ces review thc Charity's aim5, objeciive5 and activities each year. 'l-his review looks ai what has
been achieved during the year, ensuring Ihai the aims. objectives and activities remain focus¢d on the Ch￿Ity'S
principal purpu5e. In carrying ou( these reviews and in all their dutie5. the Trustees have paid lull regard io the
public benefit guidance issu¢d by Ihe Charity Commission.
Future income from lh¢ Par￿hla] Chariiy is dirficult io predici &$ li is dependent on a number of factors nol direcily
under Ihe control of the Charity. but thal received will be splii equally between itself and the Church Charity.
after Ihe deduction of any operaling costs.
isl¢r d
515250
ri
Number
Princi
l addr¢s$
St Jam¢s' Church
Main Street
Smi5by
Ashby de la Zouch
Leicesiershire
LE65 2TY
Tru$tees
The Vilar and Churchwardens of the Parish of St James,, Smisby. for the time being and by virtue of their respeclive
offices are ihe Trustees of ihe Charity. During the year. the Trustees comprised:
Rcv Stcve Short
Mr G Margerrison
Vacancy
Ivicar) (Re5ign¢d from pog125 February 2024)
Ichurch warden)
(Church warden)
Bank
CAF Bank Limited
?5 King5 Hill Avenue
Kings Hill. West Malling
Kent ME19 4JQ
Inde
Ddent Examiner
Mr P J Nash FCA
Rawdon House
Rawdon Terrace
Ashb￿ de la Zouch
Lejcestershire LE65 2GN

Page 2
THE CHURCH CHARITY
Registered Number 515250
ANNUAL REPORT FOR THE YEAR ENDF.D 31 DECEMBER 2024
(cunlinued)
Review of the Year
The income received by the Church Charity from the Parochial Charity is largely dcpendeni on three factors - base
rdte, equity yields and agricultural rents since ihe Parochial Charity's funds are invested in both land and equities as
well as some elements on deposit.
The Church Charity trustees are 'the in¢umbenl and the churchwardens of St James,; Rev S Short was a tnist¢¢ until
leaving io take up a p051 in another bencfic¢ on 25th February and Mr G Margerrison was th¢ vnly Lhurrhw41rden
during th¢ y¢ar. the oiher churchwarden post remaining vacant.
All funds received from the Parochial Charity inio the Church Charity are recetved inlo a dedicated CafGold bank
account on which the Church Charity also earns inlerest. In 2024. the Trustees of ihe Church Charity agreed to a
request from the PCC for a grani of£20.000 io complete repair works arising Irom the 2019 Quinquennial Inspection.
During ihe 2024 accounting period. the Church Charity's net funds increased by £14.133. and the balance is to be
carried forward for future work in line with the Church Charity reserves policy below.
Th¢ PCC has a number of liabiliti¢s arising from the mosl recent Quinquennial Inspection ReFK)rt, based on an
inspection in November 2024. 11 is expected ihai. to allow the PCC to undenake the work identified in this report,
turther grants from Ihe Church Charity will be required. Each application will be considered on meril bul. as the
Trusiees of this Charity are also members of the PCC. they are aware of the planning of future proj¢cts by ihe PCC.
The Church Charity reserves policy is to have r¢s¢rv¢s available to cover the possibility of a shortfall in insurance
where cover is unavailabl¢; ba￿d on current policy Cover this would require a grani of ai le&st £50.000 to be made
which dictsies the minimum reserve figure. In addilion such qualifying work5 tdentified in Ihe rclevant Quinquennial
Inspection are lo be assumed 10 require gwant support to the PCC and the Church Charity will continue lo build
reserves in anlicipalion of providing 5uppon for meeting ih¢s¢ Costs.
Slgned:
rgerr
Date: 11

Page 3
INDEPEliDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHIIRCH CHARITY
I repon io the Charity trusitts on my examination of the accounts of the Charity for the year ended
31 tkcember 2024. which a￿ set oul on pages 4 to 5.
RESPONSIBILITIES AND BASIS OF REPORT
As the Charity's trustees you are responsible for the preparalion of the accounts in accordance wilh Ihe
requirements of the Chariiies Act 2011 I'ihe Acl'l.
I report in respect of my examination of th¢ Charity's accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Dire¢lions given by lh¢ Charity Cornmission under
seclion 14515 Mb) of Ihe Aci.
IYDEPENDENT EXAMINF.R'S STATEMENT
I have cOmpl￿ed my examination. I confim Ihat no maierial matter5 have come to my allention in connection
with the examination giving me ￿use io believe ihai in any m￿erial respect:
accounting records w¢re nol kcpl in rcspeth of Ihe Charity as required by section 130 of Ihe Acl: or
2. Ihe acLounls' do noi accord with Ihose records
I have no concerns and have come across no oiher matters in Lonneclion with ihe examination lo which Aneniion
should bc drnwn in this report in order lo enable a proper understsndiny ofthe accounls Iv be re￿h¢d,
Dale:
P J N15h FC'.A
RAwdon House
Raivdon TerrA¢e
.4$hhv de la T￿uCh
Ltlccsler5hlr¢
LE6$ 2GY

Page 4
'HE C'III:RC'II C-IIARI'r)
Regisiered Number 515250
RLCEiwfs ..i.ID P,II'IIENT5,IC'C'Oli)T
FOR THE I"EAR F.NDTr:D 31 DTr-C'Tr"￿I￿Tr.R 2024
2024
R¢slricled
023
LslriclL
REC'.EiYrs
lTreomin
Rcsuurccs frvm Dvnors
PuruL,hiul Lhdrii). l.¥ee noies oiipys l & 2)
s￿/¢ sharc ofnL'I inLomc
16.106
16.106
ome frnm invejtmenl
Cul. Ilunk INILrc%i
2.620
2,312
34,193
18.418
(irani to Smisb). PCC
Elank Char8e5
120.11)01
1601
140,IMM))
14.133
121.642)
Ilank lJulanLe in hsmd Mt l Jmnullry 2024
104,194
125.¥36
14ank Ilulon¢c in hond a¢ 31 tk¢¢mlw 2024
I IllJ27

Pagc 5
THE CHURCH CHARITY
RLgislcred Numbrr 515250
ATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2024
2024
2023
Monet4
Assets:
Ca￿aSh Accounl
CAF Gold Accounl
113J27
99.194
118J27
104.194
Notes:
Please ￿fer io the Chariiy's Annu31 Rew>rt and Review of the Year on pll8es l & 2.
Sl8ned:
£erri
Date: