CHARITY NUMBER 1010147 THE HAMPTON WICK UNITED CHARITY REPORT OF THE BOARD OF TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE HAMPTON WICK UNITED CHARITY FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS: Page Trustees, Report Independent Examiner's Report to the Trustees Receipts & Payment5 Accounts
THE HAMPTON WICK UNITED CHARITY Registered charity number: 1010147 Trustees, Annual Report from l Aprll 2023 to 31 March 2024 Address for correspondence: St John's Church Church Grove Hampton Wick Kingston Upon Thames KTI 4AL Names of the charity trustees who managed the charity: Trustee Name Off ice (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee {if any) Ex-off icio Rev. Jerry Field Cllr. Robin Brown Cllr. Petra Fleming Cllr. Charles Engel Mr, David Matthews Chairman Council Council Appointed June 2023 Council Co-opted Co-opted Co-opted Ms Jane Elizabeth Tresise Appointed June 2023 Resigned February 2024 Mrs Hee Joung Kim Secretary to the Trustees: Mrs Hannah Kennedy (resigned in December 2023)/ Mrs Fiona Fisher (appointed in January 2024) Structurei governance and mana8ement Type of governing document: Charity Commission Scheme including appointment of Trustees dated 15 February 1990. Composition of the body of Trustees: The body of trustees shall consist when complete of seven competent persons being one ex- officio trustee, three nominated trustees and three co-opted trustees. The nominated trustee5 shall be appointed for a term of 4 years and the co-opted trustees for a terrn of 5 years. Objerts of thecharity set out in itsgoverningbody The area of benefit is the area of the Ecclesiastical Parish of St. Mark, Teddington and St. John the Baptist, Hampton Wick, together with St. Mary and St. Alban in Teddington. Subject to the payment of the expenses of management, the Trustees shall pay out of the yearly income of the Charity a sum of not less than £50 and not more than £1,000 or such other amount a5 may be approved by the Commissioners to the Parochial Church Council {"PCC"} of the existing Ecclesiastical Parish of St. Mark, Teddington and St. John the Baptist, Hampton Wick, for application by that council in or towards the maintenance and upkeep of the Church of St. John the Bapt15t in that ecclesiastical parish.
THE HAMPTON WICK UNITED CHARITY Registered charity number.. 1010147 Trustees, Annual Report from l Aprll 2023 to 31 March 2024 Provided that if at any time the Church Commissioners establish a pastoral scheme which creates a new ecclesiastical parish and as a result of which the said church is situated therein then the Trustees shall pay the said sum to the parochial Church Council of the new ecclesiastical parish for application by that council in like manner. Subject thereto the Trustees shall applythe said income as follows:. a) One third thereof for the promotion of education in the area of benefit, in accordance with various provisions further detailed," and bl Two thirds for relief in need and wider social benefits, also with various provisions further detailed. Summary of the maln achlevements of the charltydurlngthe year The Trustees met three times. in June and October 2023 and in February 2024. Historically, income for the charity has come from just three sources- rent from property. dividends from investments and bank interest. The Charity owns a commercial property in Walton-on-Thames, purchased in June 2016 at cost of £657,404. Rents received in the year 2023-24 amounted to £42,695 (2022-23: £42,512). Dividends received were £15,325 {2022-23: £13,801) and interest from investments was £5,845 (2022-23: £1,7381. During the year, £2,684 was granted to Stjohn PCC and £1,000 to St Mark PCC. In addition, £1,000 was granted to St Mary with St Alban PCC. Out of the income received, £15,544 {2022-23.' £17,628) was donated from the Promotion of Education Fund, £24,395 from the Relief in Need Fund12022- 23: £13,736), and £5,160 (2022-23: Nil) was donated for wider social benefits. Out of the Relief in Need Fund, £3,991 (2022-23: £1,500) was donated to individuals in need, £15,529 (2022-23: £12,236) to other organisations, and £4,875 was spent on a pilot voucher scheme to the neighbourhood in need. During the year the Trustees reviewed sections of the Constitution of 1990 regarding the application of income to confirm and ensure compliance with them. Financial Review Cash balances at the bank and COIF at 31 March 2024 totalled £157,767 (31" March 2023: £151,006). During the year, all units of M&G Charifund, BLK Charities UK Equity Fund and BLK Charities UK Bond Fund were redeemed for a total of £129,274, which have been reinvested into further COIF units. As a result, the Charity held 23,781 COIF units worth £485,907 at the 5t st financial year end {31 March 2023: 17,355 units worth £325,166).
THE HAMPTON WICK UNITED CHARITY Registered charity number: 1010147 Trustees, Annual Report from l April 2023 to 31 March 2024 Reserves Policy The Charity holds considerable reserves at the present. Our outgoing yearly commitments are sti51 quite small in comparison. If our income was to drop significantly in any year it would cause no financial problems, so it has been agreed that at present we do not need to hold any reserves separately. but that we would review the position annually. The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees: Rev Jeremy Mark Field Signature ug 7, 2024 15:18 GMT+ll Full name: Rev. Jeremy Mark Field Position.. Chairman of the Trustees Date: 7-Aug-2024
THE HAMPTON WICK UNITED CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HAMPTON WICK UNITED CHARITY FOR THE YEAR ENDED 31 MARCH 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 5 and 6. Responslbilities and basis of report As the charitvs trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'}. I report in respect of my examination of the charitTrls accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515){b) of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or the accounts do not accord with those records, I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Anup Bhamm FCA Carrin8tons Limited Chartered Accountants & Statutory Auditors 6 Maple Grove Business Centre Lawrence Road Houn51ow Middlesex P¥V4 6DR Date:
THE HAMPTON WICK UNITED CHARITY RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Section A - Recelpts and Payments Unrestricted Funds Restricted Funds Endowment Funds Total Funds YE 31.03.23 Receipts Rental Income Interest from COIF Charity Deposit Fund Dividends Insurance from Tenant 42,695 5,845 15,325 631 42,695 5,845 15,325 631 42,512 1,738 13,801 398 Sub Total (Gross Income for AR) Assets and Investment sales 64,496 129,274 64,496 129,274 58,449 Sub Total Total Recelpts 193,770 193,770 58,449 Payments Administrative expenses Professional fees Property expenses Educational fund donations Relief in need fund donations Social benefits donations PCC of St John, St Mark, St Mary with St Alban 3,442 1,280 3,230 15,544 24,395 5,160 4,684 3,442 1,280 3,230 15,544 24,395 5,160 4,684 117 600 2,972 17,628 13,736 Sub Total Asset and Investment purchases 57,735 129,274 57,735 129,274 35,053 Total payments 187,009 187,009 35,053 Net of receipts1{payments) Transfers between funds Cash funds last year end 6,761 6,761 23,396 151,006 151,006 127,610 Cash funds this year end 157,767 157,767 151,006
THE HAMPTON WICK UNITED CHARITY RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Section B- Statement of Assets and Liabilities at the End of the Perlod Categories Details Unrestricted Funds Restrlcted Funds Endowment Funds Cash funds Cash at bank COIF Charity Deposit Fund 25,975 131,792 Total Cash Funds 157,767 Other monetary assets Funds to which asset belongs Cost Current Value Investment a55ets COIF Charities Investment Fund Windsor House, Walton-on- Thames, Surrey Restricted 307,604 485,907 Restrlcted 657,404 Assets retained for the charity's own use Fund to which liability relates Amount Due Liabilities Signed on behalf of the charity's trustees: 7-Aug-2024 Rev Jeremy Mark Field I g 7, 2024 15 18 GMT+ii Rev. Jeremy Mark Field, Chairman Date