peter5 hall ,.. Annual Report and Financial Statements St Peter's Hall (1991) Charity For the year ended 31 December 2024
St Peter's Hall (1991) Charity Charity Information For the year ended 31 December 2024 Charlty Reglstratlon Number 1003310 Principle Address St Péter's Hall 59a Portobello Road London Wll 3DB Telephone 020 7792 8227 Trustees Reverend P Allerton Michael Gillies Freddie Ghall Will Josten Rupinder Kailey Victoria Stsrk CBE Appointed 0410412025 Resigned 3110812024 Resigned 1910512024 Custodian Trustees The London Dlocesan Fund Bankers Unity Trust Bank plc Four Brindleyplace Birmingham 812JB Independent Examlner Derek Taylor-mew Bsc FMAAT 123 Park Lane Harrow HA2 8NN Contents Page Annual Report of the Trustees statement of Responsibilities Independent Examiner's Report statement of Financial Actlvities Balance Sheet Notes to the Accounts 10.16
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 2024. St Peter's Hall (1991) Charlty was established by a Charity Commission Scheme dated 12 March 1991, The charity is registered with The Charlty Commission under charity registrats'on number 1003310. The administration of the charity is carried out by the Chief Operating Officer and Flnance Manager. The team support5 the day to day running of the charity, implementing any changes required in the running of the organisation. The team also provides svpport to St Peler's Church, Nottsng Hlll. na The charlty 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 Eccle51a5tical Parish of St Peter, Notting Hill. The nominated Trustees are appointed by the ex officio Trustees. During the year the following setved as Trustees of the Charlty.. The Reverend Pat Allerton Freddie Ghali Will Josten Rupinder Kailey Michael Gillies Vlciorla Stark CBE Vicar, St Peter, Noiting Hill Substitute for Church Warden of St Peter, Notiing Hill Church Warden of St Peter, Notting Hill Church Warden of St Peter, Notting Hill Norninated Trustee Nornlnated Trustee Appointed 0410412025 Resigned 3110812024 Resigned 1910512024 As Vicar of St. Peter, Notting Hill, Reverend Pat Allerton assumes the position of Chair of St. Peter's Hall (1991) Charity. The objectives of the charity are laid out clearly in the Trust Deed that was written In 1991. This states that the objettives 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 Peler's Church, Ihe charity provides the pmI*S at no cost to St Peter's Church. 59a Portobello Road was home to St Petef's Nursery School for 30 years untll It closed in July 2021. The operation of St Peter's Nursery School was dependent on the support of the charity, which provided premlses at no cost to the NLJrsery School, 59a Porlobello Road was home to three tenants in 2024, including Farm Girl Café and Nexus. Another A story exercised their break clause, dnd vacated at the end of 2024. st Peter's Hall is used for a diverse group of attivities providing an array of classe5 for t)oth 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 sub5idised rates, ments and erf
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 activitie5 at the hall every week. Children's activities range from ballet to acting to art ClaeS and the hall can also be hired for children's parties. Activlties for adults have included.. ballet, life drawing and exercise classes, Significant refurbishment and redevelopment of the building is being planned which includes developing a new core within the buildingi a lift and stairs that will enable acce55 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 realty needs replacing in full. Such works will tie in with plans from the cafe to update their premises. The charity is currently raising funds to enable the redevelopment to take pla. The charlty ralsed £315,900 (2023,, £298,QQO) Income in the year from leases and hall lettings. The charity spent £145,800 (2023: E151,5QO) on the premises, office costs and staff. 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 £210,50012023', £167,100), The Tru5tses Reverses Policy 15 to maintain a general unrestricted fund equivalenl to 50010 of forecast annual operating expenditure, to meet the working capital needs of Lhe charity and a5 a contingency fund. As at 31 December 2024, 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 £210,500 (2023: £167,100) of unstrirted funds to the designated development fund, increasing the amount set aside for Lhe redevelopment to £1, 110,800, re The Trustees aim to further increase the development fund in the coming year, Our plans for the short torm continue to be about developing an exccllcnt balancc bchveen the commercial and charilable aspects of the premises. We plan tr) benefit from the commercial potential of the buildlng In thc short tcrm thereby enzbling us to extend our charitable work and plan towards the reFurbi5hment of the building, moderni5ing the hall and facilities for ongoing use for education as well as community and charitable purposes for Ihe long term. In early 2025, a new tenant, Galvan, a fashion company moved Into the vacant premises on the first floor. Where appropriate, the Trustees have established systems andlor procedures to mitigate the risks that the charity faces. A risk regisler is maintained and this is updated and reviewed periodically. men 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.
Statement of responsibilities The Tru5lees 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 Ihe Trustees are required to- select suitable accounting policies, and then apply them consistenllyt Observe the methods and prSnclples In the Charlties SORP; Make judgements and estimates that are reasonable and prudent,, stste whether applicable Unlted Klngdom Accountlng Standards have been followed, subject to any departures disclosed and explained in the financial statements, Prepare the financlal statements on a golng concern basls unless It Is Inappropriate to presume that the Charity will continue to operate The Trustees are also responsible for: Keeping proper accounung records, whlch dlsclose wlth reasonable accuracy at any Ilme the flnanclal position of the Charlty and enable them to ensure that the f1nancial statements comply with the Charities Act 2011; Safeguarding the assets of the Charlty and hence taking reasonable steps for the prevention and detection of fraud and olher irregularitles. Reverend PA//erton Chair Dated..
Report of the Independent Examiner to The Trustees of St Peter's Hall (1991) Charity I report on the accounts of the Charity for the year ended 31 December 2024. This report is made solely to the Trustees, as a bodyi in accordance with Section 145 of the Charities Act 2011 and gUlationS made under Section 154 of that Act. My work has been undertaken so that I might state to the Trustees those matters l 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 nol 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 The Trustees are re5ponslble for the preparation of financial statements in accordance with applicable law and accounting standards. 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. It is my responsibility to: Examlne those flnancial statements under Section 145 of the Charities Act 2011. Follow the procedures laid down in the General Directions given by the Charlty Commlssion under Section 145(51(b) of the Charities Act 2011. State whether particular matters have come to my attention, Basls of Independent Examiner's Report My examinatlon was carrled out In accordance wlth General Directlons glven by the Charlty Commisslon. That examination includes a review of the accounting records kept by the Charity and a comparison of the accotsnls with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be fequired in an audit, and consequently we do not expre55 an audit opinic)n on the view given by the accounts.
Independent Examiner's Statement In connection with my examlnation, no matter has come to my attention: l. Which gives me reasonable cause to believe that in any material respect the requirements.. To keep accounting records in accoréance with Section 130 of the Charities Act 2011, and To prepare account5 which accord with those accounllng records and comply with the accounting requirements of the Charitles Act 2011, have not been met. or 2. To which, in my opinion, attentlon should be drawn in order to enable a proper understanding of the accounts to be reached. D Taylor-mew FNAAT 123 Park Lane Harrow Mlddlesex HA2 8NN Dated., 13J *la< Derek Taylor-mew is licensed and regulated by the AAT to provlde seNStr5 In accordance with lInce No. 0599, details of whlch are dlsplayed at the address shown.
St Peter's Hall (1991) Charity Statement of Financial Activities For the year ended 31 December 2024 General Funds 2024 Deslgnated Funds 2024 Total Funds 2024 Total Funds 2023 Note INCOME FROM: Charitable activities Investments 315,925 40,393 315,925 40,393 297,965 20,707 Total Incomè 356,318 356,318 318,672 EXPENDrruRE ON; Chorltable actlvltles 145,842 145,842 151,530 Total Expendlture 145,842 145.842 151,530 Net Income l (expendlture) 210,476 210,476 167,143 Transfers between funds {210,476) 210,476 Net movement in funds 210,476 210,476 167,143 Reconclllatlon of funds: Total funds brought Forward 5S,000 845,352 900,352 733,210 Total funds ¢arried forward 55,000 1,055,829 I, 110,829 900,352 The statement of financlal activities includes all gains and losses recognised In the year. All incorne and expenditure deriv* from continuing operations. The notes on page 11- 17 form part of these accounts,
St Peter's Hall (1991) Charity Balance Sheet For the year ended 31 December 2024 General Deswnaied Funds F¢Jnds 2024 2024 Total Funds 2024 Total Funds 2023 Noie CURRENT ASSETS Debtors Cash at bank and In hand Investments S6,901 90,743 56,901 381,571 765,000 1,203,473 56,748 442,623 510,889 1,010,261 290,829 765,0¢)0 1,055,829 147,644 CREDITORS: Amounts falllng due within one year 152,2861 152,286) 55,801 Net current assets l (Ilabllltles) 1055 829 1151 186 954 460 CREDITORS: Amounts falllng due after more than one year {40,3581 {40,358) (54,108> TOTAL NET ASSETS 1055 829 1 110829 900 352 FUND BALANCES Unreslrlcted funds General fund5 Desi9nated funds 12 12 55,000 55,000 1,055,829 1,110,829 55,000 845,352 900,352 1,055,829 1,055,829 55,000 Restrfcted funds 12 1055 829 1 110829 900 352 The financlal statements were approved by the 8oard of Trustees and were signed on ils behalf by., Reverend P Allerton Chair of Trustees Date,. Charity number.. 1003310 The notes Dn page 11- 17 form part of these accounts.
St Peter's Hall (1991) Charity Notes to the Financial Statements For the year ended 31 December 2024 Statutory Information St Peter's Iqall (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 hislorical cost convention. These financial statements have been prepared in accordance with the "Statement of Recommended Praclice: Accounting and Reporting by Charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ( the Charlties SORP"), with the Financial Reportlng Standard applicable In the United Kingdom and Republic of Ireland {"FRS 102 ), and with the Charities Aci 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. In Income is recoonlsed when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it 15 probable that the income will be received and the arnounl can be measured reliably. Income from charitable artivities represents income receivable from goods, seNices and facilities supplied in furtherance of the charity's charitable objects. It Sncludes income from hall lettings and tenants. Investment income represents income generated by the charity's assets and comprises of bank interest. en 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 rellably. Irrecoverable VAT Is charged as a cost agalnst the activlty for which the expenditure was incurred. Expenditure is classified under the principal activity of the charity. Support costs are Ihose function5 that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costsi premises costs, personnel and governance costs. These costs have been allocated to the principal activity of Ihe 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 requircmcnts and any othcr cxpenditure incurred on the strategic management of the charity. General funds represent the funds of the charity that are not sUbjt to any restrictions regarding thelr use and are avallable 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. io
Notes to the Financial Statements continued Land and buildings The freehold interest in the property known as St Peter's Hall situated at 593 Portobello Road, Notting Hill, London Wll 3DB, Is owned by The London Diocese Fund, that acts as Custodian Trustee for the Charity. Thi5 a55et derived from a gift in 1863. The value of the freehold interest is not included in these financial statements. Equipment Equipment 15 stated at cost less depreclatlon. Depreciation Is provided on a straight-llne basis over flve years. Individual items of equlpment with a purchase price of £l,OOQ or less are written off when the asset is acquired. in hand rr efl Cash at bank and in hand comprises cash that can either be accessed immediately or at short notice. It includes cash in the bank current accounts, and bank deposits that mature within three months. Current asset investments comprlso bank deposits and other cash investments that mature after three months. Current a55et investments are recognised at fair value, which is generally their market value at the balance sheet date. Pension scheme arran The charity operates defined contribution pension schemes for its employees. Obligations for contributlons to these schemes are recognised as an expense when the liability arlses. The assets of these schemes are held separately from those of the charlty In Independently admlnislered funds. ancial instrumen The charlty's flnancial assets and financial liablllties all qualify as baslc flnancial Instruments, as deflned 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 ur receive). The charity rv.cognises liabllitlcs for the principal of those loans that remains outstanding at the year end {l.e. the liabilitles exclude any interest chargeable on the loans in future years). Exen) tion from re arin ashfl tateni The charity has taken advantage of an exemption conferred by the Charllies SORP and has not prepared a cash flow statement. li
Notes to the Financial Statements continued l.Donations and legacles 2024 2023 Donations of cash and similar 2.Income from charltable activities 2024 2023 Hall lettings Hall lease5 and charges Events and activities 48,358 267,555 13 315 925 42,388 255,527 50 297 965 3.Charitable expenditure 2024 2023 Costs incurred directly on specific activities Hall operating c05ts Rates Heat and light Insurance Cleaning and waste disposal Repairs and renewals Pest control Governance costs Staff costs Legal costs Office costs 442 46,776 9,816 10,347 9,817 2,499 400 51,525 234 47,256 8,845 8,764 6,109 2,286 400 60,705 7,200 143 346 151530 Hall development costs Event and activity costs Total expendlture 145,842 151 530 The fee payable to the independent examiner for the independent examination was £400 (2023: £400). 12
Notes to the Financial Statements continued 4.Anaylsls of staff costs, the cost of key management personnel and trustee remuneration 2024 2023 Wages and salaries Emplc)yer's contribution to defined contribution pension schemes Social security costs 69,378 2,081 2,064 73,523 85,730 2,562 91,358 Staff costs charged from St Peter's Church, Nottlng Hill Staff costs charged to St Peter's Church, Notting Hill Staff recruitment Staff training Other costs 8,190 (30,572) 7,114 (38,100) 55 249 29 30,652 354 30 The average number of employees during 2024 was 2 (2023: 3). No staff received salaries of more Ihan £60,000 per annum. None of the trustees have been paid any remuneration or received any other benefits fforn an employment with their charlty or a related entity, in the current or preceding year. No truslee expenses have been incurred in the current or preceding year. 5.Debtors 2024 2023 Fallin9 due within one year: Trade debtors Prepayments and accrued income Other debtors 30,794 23,S50 2,558 34,508 19,564 2,676 6.cash at bank and in hand 2024 2023 Cash at bank with immediate access Notice deposits (with a term of three months or less) Cash 177,685 203,860 27 381571 223,240 219,206 177 442 623 13
Notes to the Financial Statements continued 7.Investments 2024 2023 Cash equivalent5 on fixed term deposit 765,000 765,000 510 889 510 889 8.Credltors,' Amounts falling due withln one year 2024 2023 Trade creditors Accruals and deferred income St Peter's Church, Notting Hill Taxation and social security other creditors Deposits from tenants 5,473 31,617 4,461 50,091 1,446 13,750 1,249 9.Credltors: Amounts falllng due after more than one year 2024 2023 Deposits from tenants 40,358 54, L08 10.Deferred Income Deferred Sncome comprlses of the followlng.. 2024 2023 Balance at the beginning of the reporting period Amount released to income Amount deferred in year Balance at the end of the reportlng period 42,952 (42,9521 40,598 (40,5981 The income deferred at the period end will be released to income over the following periods: Within one year 26,138 42,952 After one year Deferred income comprlses of leases and lettings income received in advance £26,13812023.' £42,952). 11.Pension commitments During the year employer'5 pension contributions totalling £2,064 {2023', £2,562) were payable to defined contribution personal pension schemes. Pension contributions were owing at the balance sheet date £1,446 (2023., £1,249). 14
Notes to the Financial Statements continued 12.Funds During the year the movements in the charity's funds were as follows,. General Designated funds funds 2024 Opening balance Incoming resources Outgoing resources Transfers in the yeai Closing balance 55,000 356,318 (145,8421 210 476 21D 476 55 000 1055 829 845,352 900,352 356,318 (145,842) 1,110 829 Analysis of net assets by fund The assets and liabilities of the various funds were as follows,. General Deslgnated funds funds 2024 Debtors and prepayments Cash at bank and in hand Investments Creditors falling due wllhin one year Creditors falling due after more than one year 56,901 90,743 56,901 381,571 765,UOO (52,286) (40,358} 290,829 765,000 (52,286) (40,358) 55 000 1055 829 1 110,829 te RedevelDpment funds.. Funds set aside by the Trustees for the future redevelopment of the Hall. Transfers are made from general funds to this fund so as to increase the amount ring fenced for this purpose. In the previous year, the movements in the charity's funds were as follows.. General Deslgnated funds funds 2023 Opening balance Incoming resources Outgoing resources Transfers In the year Closing balance 55,000 318,672 (151,530} 167 143 678,210 733,210 318,672 1151,530) 167,143 845 352 900 3S2 15
Notes to the Financial Statements continued In the prèvious year, the assets and liabilities of the variou5 funds were as follows: General Designated funds funds 2023 Debtors and prepayments Cash at bank and in hand Investments Creditors falling due within one year Creditors falling due after more than one year 56,748 108,160 56,748 442,623 510,889 {55,801) (54,108) 334,463 510,889 (55,801) (54,1081 845 352 900 352 13.Transactlons wlth related partles There have been no transactions with related parties during the year, 16