Annual Report and Financial Statements St Peter’s Hall (1991) Charity For the year ended 31 December 2022
St Peter’s Hall (1991) Charity Charity Information For the year ended 31 December 2022
Charity Registration Number
1003310
Address St Peter’s Hall 59a Portobello Road London W11 3DB Telephone 020 7792 8227 Trustees Reverend P Allerton Amooti Binaisa Michael Gillies Will Josten Victoria Stark CBE Custodian Trustees The London Diocesan Fund Bankers Unity Trust Bank plc Four Brindleyplace Birmingham B1 2JB Independent Examiner Derek Taylor-Mew BSc FMAAT 123 Park Lane Harrow HA2 8NN
Contents
Page
| Annual Report of the Trustees | 3-4 |
|---|---|
| Statement of Responsibilities | 5 |
| Independent Examiner’s Report | 6-7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10-16 |
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Annual Report of the Trustees
The Trustees of St Peter’s Hall (1991) Charity present their annual report together with the financial statements for the year ended 31 December 2022.
Principle Address
59a Portobello Road, London W11 3DB.
Status and Administration
St Peter's Hall (1991) Charity was established by a Charity Commission Scheme dated 12 March 1991. The charity is registered with The Charity Commission under charity registration number 1003310.
The administration of the charity is carried out by the Chief Operating Officer, Finance Officer and Maintenance Manager. The team supports the day to day running of the charity, implementing any changes required in the running of the organisation. The team also provides support to St Peter's Church, Notting Hill.
Structure, governance and management
The charity is managed by a combination of ex officio Trustees and nominated Trustees. The ex officio Trustees are the Incumbent of the Benefice of St Peter, Notting Hill and the Churchwardens of the Ecclesiastical Parish of St Peter, Notting Hill. The nominated Trustees are appointed by the ex officio Trustees.
During the year the following served as Trustees of the Charity:
The Reverend Pat Allerton Vicar, St Peter, Notting Hill Amooti Binaisa Church Warden of St Peter, Notting Hill Will Josten Church Warden of St Peter, Notting Hill Michael Gillies Nominated Trustee Victoria Stark CBE Nominated Trustee
As Vicar of St. Peter, Notting Hill, Reverend Pat Allerton assumes the position of Chair of St. Peter’s Hall (1991) Charity.
The London Diocesan Fund acts as the custodian trustee for the charity.
Objectives and activities
The objectives of the charity are laid out clearly in the Trust Deed that was written in 1991. This states that the objectives of the charity are educational, with a particular concern for the less affluent members of the community.
59a Portobello Road is home to the Parish Office for St Peter's Church, the charity provides the premises at no cost to St Peter's Church. It is also home to a small number of tenants including Farm Girl Café and Another A Story and most recently, Nexus. St Peter's Hall is used for a diverse group of activities providing an array of classes for both children and adults. The charity offers subsidised rates to self-help organisations, Narcotics Anonymous and Alcoholics Anonymous who use the hall for their meetings, as well as being available for hire by other charities at subsidised rates.
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Achievements and performance
The hall offers a space for our diverse local community to use. The diary is normally packed full and enjoyed by children and adults who participate in activities at the hall every week. Children’s activities range from ballet to acting to art classes and the hall can also be hired for children’s parties. Activities for adults have included: ballet, life drawing and exercise classes.
The operation of St Peter's Nursery School was dependent on the support of the charity, which provided premises at no cost to the Nursery School. St Peter's Nursery closed in July 2021. The value of this support during the year was estimated at £nil (2021: £37,900).
Building Maintenance
The five year repair and maintenance plan for the building is ongoing. Refurbishment plans are being discussed currently with a view to undertaking works in 2025 or so. We had hoped these might have come sooner, but we need to raise more funds. These include developing a new core within the building, a lift and stairs that will enable access for all from the local community. Further, a new roof is required as the roofer reports the slate nails are worn down and the roof really needs replacing in full. Such works will tie in with plans from the café to update their premises.
Financial Review
The charity raised £279,366 (2021: £158,521) income in the year and spent £132,346 (2021: £123,702). In line with the Trustees plan to continue to build up the designated development fund ahead of the planned refurbishment of the premises, the charity generated a surplus for the year of £147,020 (2021: £34,819).
Reserves Policy
The Trustees Reverses Policy is to maintain a general unrestricted fund equivalent to 50% of forecast annual operating expenditure, to meet the working capital needs of the charity and as a contingency fund.
As at 31[st] December 2022, the Trustees held £55,000 of unrestricted funds in the General Fund, in line with the Reserves Policy.
The Trustees were able to transfer the balance of £147,020 (2021: £34,819) of unrestricted funds to the designated development fund, increasing the amount set aside for the redevelopment to £678,210.
Future Plans
The Trustees aim to further increase the development fund in the year ahead. Our plans for the short term continue to be about developing an excellent balance between the commercial and charitable aspects of the premises. We plan to benefit from the commercial potential of the building thereby enabling us to extend our charitable work and plan towards the refurbishment of the building, modernising the hall and facilities for ongoing use for education as well as community and charitable purposes.
Risk Assessment
Where appropriate, the Trustees have established systems and/or procedures to mitigate the risks that the charity faces. A risk register is maintained and this is updated and reviewed periodically.
Public Benefit Statement
The Trustees have complied with their duty in Section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission.
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Statement of responsibilities
Trustees responsibilities in relation to the financial statements
The Trustees are required by law to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources for that period.
In preparing those financial statements the Trustees are required to:
-
Select suitable accounting policies, and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgements and estimates that are reasonable and prudent;
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State whether applicable United Kingdom Accounting Standards have been followed, subject to any
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departures disclosed and explained in the financial statements;
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Prepare the financial statements on a going concern basis unless it is inappropriate to presume that
-
the Charity will continue to operate
The Trustees are also responsible for:
• Keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011;
• Safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
P Allerton
Reverend P Allerton Chair Dated: 15/05/2023
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Report of the Independent Examiner to The Trustees of St Peter’s Hall (1991) Charity
I report on the financial statements of the Charity for the year ended 31 December 2022 which are set out on pages 8 to 16.
This report is made solely to the Trustees, as a body, in accordance with Section 145 of the Charities Act 2011 and regulations made under Section 154 of that Act. My work has been undertaken so that I might state to the Trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trustees as a body, for my work or for this report.
Respective responsibilities of the Trustees and Independent Examiner
As explained more fully in the Statement of Responsibilities of the Trustees set out on page 5, the Trustees are responsible for the preparation of financial statements. The Trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 and that an Independent Examination is needed. The gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified Fellow Member of The Association of Accounting Technicians.
It is my responsibility to:
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Examine those financial statements under Section 145 of the Charities Act 2011.
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Follow the procedures laid down in the General Directions given by the Charity Commission under
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Section 145(5)(b) of the Charities Act 2011.
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State whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with General Directions given by the Charity Commission.
That examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements prepared with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a true and fair view and the report is limited to those matters set out in the statement below.
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Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that in any material respect the requirements:
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To keep accounting records in accordance with Section 130 of the Charities Act 2011, and
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To prepare financial statements which accord with the accounting records and comply with the
-
accounting requirements of the Charities Act 2011,
have not been met; or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
D Taylor-Mew
Derek Taylor-Mew BSc FMAAT
123 Park Lane Harrow Middlesex HA2 8NN
Dated: 08/06/2023
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St Peter’s Hall (1991) Charity Statement of Financial Activities For the year ended 31 December 2022
| General | Designated | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Donations and legacies | 1 | 4,000 | - | 4,000 | 2,424 |
| Charitable activities | 2 | 271,113 | - | 271,113 | 154,581 |
| Investments | 4,254 | - | 4,254 | 1,516 | |
| Total Income | 279,366 | - | 279,366 | 158,521 | |
| EXPENDITURE ON: | |||||
| Charitable activities | 3 | 132,346 | - | 132,346 | 123,702 |
| Total Expenditure | 132,346 | - | 132,346 | 123,702 | |
| Net income / (expenditure) | 147,020 | - | 147,020 | 34,819 | |
| Transfers between funds | (147,020) | 147,020 | - | - | |
| Net movement in funds | - | 147,020 | 147,020 | 34,819 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 55,000 | 531,190 | 586,190 | 551,371 | |
| Total funds carried forward | 55,000 | 678,210 | 733,210 | 586,190 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 10 - 16 form part of these accounts.
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St Peter’s Hall (1991) Charity Balance Sheet For the year ended 31 December 2022
| General | Designated | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | - | - | - | - |
| - | - | - | - | ||
| CURRENT ASSETS | |||||
| Debtors | 6 | 56,639 | - | 56,639 | 18,674 |
| Cash at bank and in hand | 7 | 104,632 | 678,210 | 782,842 | 648,466 |
| 161,271 | 678,210 | 839,481 | 667,140 | ||
| CREDITORS: | |||||
| Amounts falling due within one year | 8 | (52,164) | - | (52,164) | (44,343) |
| Net current assets / (liabilities) | 109,108 | 678,210 | 787,318 | 622,797 | |
| CREDITORS: | |||||
| Amounts falling due after more than | 9 | (54,108) | - | (54,108) | (36,608) |
| one year | |||||
| TOTAL NET ASSETS | 55,000 | 678,210 | 733,210 | 586,190 | |
| FUND BALANCES | |||||
| Unrestricted funds | |||||
| General funds | 12 | 55,000 | - | 55,000 | 55,000 |
| Designated funds | 12 | - | 678,210 | 678,210 | 531,190 |
| 55,000 | 678,210 | 733,210 | 586,190 | ||
| Restricted funds | 12 | - | - | - | - |
| 55,000 | 678,210 | 733,210 | 586,190 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
P Allerton
A Binaisa
Reverend P Allerton Chair of Trustees Date: 15/05/2023
A Binaisa Trustee
Charity number: 1003310
The notes on page 10 - 16 form part of these accounts.
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St Peter’s Hall (1991) Charity Notes to the Financial Statements For the year ended 31 December 2022
Statutory Information
St Peter's Hall (1991) Charity is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
Accounting policies
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from hall lettings and tenants.
Investment income represents income generated by the charity's assets and comprises of bank interest.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Expenditure is classified under the principal activity of the charity.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs, premises costs, personnel and governance costs. These costs have been allocated to the principal activity of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
Fund accounting
General funds represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general objectives of the charity.
Designated funds represent funds of the charity that are not subject to any restrictions regarding their use but that have been set aside by the Trustees for a specific purpose of the charity.
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Notes to the Financial Statements continued
Tangible fixed assets
Land and buildings
The freehold interest in the property known as St Peter’s Hall situated at 59a Portobello Road, Notting Hill, London W11 3DB, is owned by The London Diocese Fund, that acts as Custodian Trustee for the Charity. This asset derived from a gift in 1863. The value of the freehold interest is not included in these financial statements.
Equipment
Equipment is stated at cost less depreciation. Depreciation is provided on a straight-line basis over five years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
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Notes to the Financial Statements continued
1.Donations and legacies
| Government grants | 2022 £ 4,000 4,000 |
2021 £ 2,424 |
|---|---|---|
| 2,424 |
Government grants include Job Retention Scheme grants of £nil (2021: £2,424). Government grants include Omicron Hospitality and Leisure grants of £4,000 (2021: £nil).
2.Income from charitable activities
| Hall lettings Hall leases and charges Events and activities Costs incurred directly on specific activities Hall operating costs Rates Heat and light Insurance Cleaning and waste disposal Repairs and renewals Pest control Governance costs Staff costs Office costs Hall development costs Architects' fees Events and activity costs Alpha courses Total expenditure 3.Charitable expenditure |
2022 £ 38,399 232,372 342 271,113 2022 £ 435 44,726 7,874 4,206 4,848 2,090 400 59,088 8,679 132,346 - - - - 132,346 |
2021 £ 33,379 121,102 100 |
|---|---|---|
| 154,581 | ||
| 2021 £ 222 24,320 7,007 3,038 14,472 1,606 400 52,726 19,748 |
||
| 123,540 | ||
| - | ||
| - | ||
| 162 | ||
| 162 | ||
| 123,702 |
The fee payable to the independent examiner for examining the accounts was £400 (2021:£400).
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Notes to the Financial Statements continued
4.Analysis of staff costs, the cost of key management personnel and trustee remuneration
| 2022 £ Gross wages and salaries 82,893 Social security 3,097 Pension 2,480 88,471 Staff costs charged to St Peter's Church, Notting Hill (36,835) Staff costs charged from St Peter's Church, Notting Hill 7,078 Staff recruitment 55 Staff training 240 Other costs 79 (29,383) 59,088 The average number of employees during 2022 was 3 (2021: 3). No staff received salaries of more than £60,000 per annum. No trustee received employment benefits in either the current or preceding year. |
2021 £ 77,269 2,532 2,279 |
|---|---|
| 82,079 | |
| (38,023) 8,132 55 237 246 |
|
| (29,353) | |
| 52,726 | |
5.Tangible fixed assets
| Cost At 1 January 2022 Additions Disposals At 31 December 2022 Accumulated depreciation At 1 January 2022 Charge for the year Eliminated on disposal At 31 December 2022 Net book value At 1 January 2022 At 31 December 2022 |
Premises Equipment £ 50,879 - (50,879) - 50,879 - (50,879) - - - |
Total 2022 £ 50,879 - (50,879) |
|---|---|---|
| - | ||
| 50,879 - (50,879) |
||
| - | ||
| - | ||
| - |
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Notes to the Financial Statements continued
| 6.Debtors | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Falling due within one year: | ||
| Trade debtors | 46,839 | 8,413 |
| Other debtors | 2,676 | 2,676 |
| Prepayments and accrued income | 7,124 | 7,585 |
| 56,639 | 18,674 | |
| 7.Cash at bank and in hand | ||
| 2022 | 2021 | |
| £ | £ | |
| Cash at bank with immediate access | 299,613 | 169,531 |
| Notice deposits (with a term of three months or less) | 483,052 | 478,798 |
| Cash | 177 | 137 |
| 782,842 | 648,466 | |
| 8.Creditors: Amounts falling due within one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Trade creditors | 4,862 | 6,429 |
| Accruals and deferred income | 45,953 | 37,223 |
| St Peter's Church, Notting Hill | 166 | 168 |
| Taxation and social security | - | - |
| Other creditors | 1,182 | 522 |
| 52,164 | 44,343 | |
| 9.Creditors: Amounts falling due after more than one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Deposits from tenants | 54,108 | 36,608 |
| 54,108 | 36,608 | |
| 10.Deferred income | ||
| Deferred income comprises of the following: | ||
| 2022 | 2021 | |
| £ | £ | |
| Balance at the beginning of the reporting period | 19,377 | - |
| Amount released to income | (19,377) | - |
| Amount deferred in year | 40,598 | 19,377 |
| Balance at the end of the reporting period | 40,598 | 19,377 |
| The income deferred at the period end will be released to income over the following | periods: | |
| Within one year | 40,598 | 19,377 |
| After one year | - | - |
| 40,598 | 19,377 |
Deferred income comprises of lettings income received in advance £40,598 (2021: £19,377).
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Notes to the Financial Statements continued
11.Pension commitments
During the year employer's pension contributions totalling £6,092 (2021: £5,642) were payable to defined contribution personal pension schemes. Pension contributions were owing at the balance sheet date £1,182 (2021: £522).
12.Funds
During the year the movements in the charity's funds were as follows:
| Opening balance Incoming resources Outgoing resources Transfers in the year Closing balance |
General Designated funds funds £ £ 55,000 531,190 279,366 - (132,346) - (147,020) 147,020 55,000 678,210 |
2022 £ 586,190 279,366 (132,346) - |
|---|---|---|
| 733,210 |
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| Debtors and prepayments Cash at bank and in hand Creditors falling due within one year Creditors falling due after more than one year |
General Designated funds funds £ £ 56,639 - 104,632 678,210 (52,164) - (54,108) - 55,000 678,210 |
2022 £ 56,639 782,842 (52,164) (54,108) |
|---|---|---|
| 733,210 |
Designated funds
Redevelopment funds: Funds set aside by the Trustees for the future redevelopment of the Hall.
In the previous year, the movements in the charity's funds were as follows:
| Opening balance Incoming resources Outgoing resources Transfers in the year Closing balance |
General Designated funds funds £ £ 55,000 496,371 158,521 - (123,702) - (34,819) 34,819 55,000 531,190 |
2021 £ 551,371 158,521 (123,702) - |
|---|---|---|
| 586,190 |
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Notes to the Financial Statements continued
Analysis of net assets by fund
In the previous year, the assets and liabilities of the various funds were as follows:
| Debtors and prepayments Cash at bank and in hand Creditors falling due within one year Creditors falling due after more than one year |
General Designated funds funds £ £ 18,674 - 117,277 531,190 (44,343) - (36,608) - 55,000 531,190 |
2021 £ 18,674 648,466 (44,343) (36,608) |
|---|---|---|
| 586,190 |
13.Transactions with related parties
There have been no transactions with related parties during the year.
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