THE ST ANDREWS CHURCH HALL CHARrrABLE TRUST THE ST ANDREW'S CHURCH HALL CHARITABLE TRUST Registered Charity No. 1016183 TRUSTEES ANNUAL REPORT BALANCE SHEET AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE ST ANDREW'S CHURCH HALL CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 I. ADMINISTRATIVE INFORMATION The St Andrew's Church Hall Trust is a charity registered with the charity Commission with number 1016183. The principal address 15 St Stephen'5 House, Hide Place. London SWIP 4NJ. The Trustees who have served from 6 Aprll 2023 until the date of this report were: Trustees-. Jane Franses Janet Taylor Edward Barker Ichairmanl Elizabeth Szewcryk Rev Graham Buckle Appointed by: PCC of St Peter'5. Eaton square PCC ot St Stephen with St John. Wertmlnster PCC of St stephen with St john, Westminster PCC of St Stephen wlth St John, Westmlnster Ex Officio Trustee 2. STRUCTURE. GOVERNANCE AND MANAGEMENT The Trust is governed by the pro)risions of a Charlty Commlsslon Scheme dated 18 September 1953 as amended by an Order dated 15 July 1988. The Scheme provldes for three Representatlve Trustees to be appointed by the PCC of St Stephen with St John, Westrnin5ter and hr one Representatlve Trustee to be appointed by the PCC of St Peter's Eaton Square. The administration of the Trust has been undertaken by the Bursar employed by the PCC of St Stephen wlth St John, Westmlnster. A cost of this admlnistration of £350 has been charged to the Trust. 3. OBJEcfivES AND AcfiviTIES The oblertlves of the Trust are to divide the clear Income of the Trust In two halves and for It to be applied in furthering the religious and other charitable work of the Church of England in the parishes of: al St Stephen with St John, Westminster. bl St Peter's Pimlico with Christchurch. Westminster Iknown as St Peter's, Eaton Squarel. When plannlng the activities for the year. the Trustees have considered the charity Commission's guidance on public benefit and, in particular. the spectfic guidance on charitie5 for the advancement of reli8i0n, 4. ACHIEVEMENTS AND PERFORMANCE The accounts show an increase In total incoming resource5 to £56.798 for this year12023- £54,084) because of a rise in interest income. The income arising during the year (excluding deposit account interest) represents a return on capital of 3.10%12023: 3.28%). The Trustees have agreed donations of £27.924 to each church. distributing the total aCCLFmulated reserves on unrestricted fund5. The payment of these donations and of the administration charge of £350 to the PCC of St Stephen with St John, Westminster are related party transactions. The donations are made in accordance with the constitution. The payment of the administration charge has been agreed by the trustee representlng St Peter's, Eaton Square. The donations and the adminstration charge are included as liabilities in the accounts.
THE ST ANDREWS CHURCH HALL CHARABLE TRUST ANNUAL REPORT CONTINUED FOR THE YEAR ENDED 5 APRIL 2024 5. FINANCIAL REVIEW Investment Strategy.. The Investment pollcy of the Trustees is growth in income over the long term whi15t maintaining the level of capital invested. subjert to market flurtuations. Reserves Policy: The "Income Distributlon" clause In the Governing Scheme does not allow for the accumulatior¢ of Incorne reserves. The accounts for the year to 5 April 2024 and the Balance Sheet at that date were approved by the Trustees at a meetlng held on 19 November 2024. chair of Trustees
ST Al&vr8 CHUIICH HALL CHAiiifABLÉIRUST INDEPENDENT EXAMINERS REPORTTO THE TRUSfEE5 OF ST ANDRWS CHURCH HALL CHARITABLETRUST FOR THE YEAR ENDED 5 APRIL 2024 I reFOrt en the •ccounts ol ththarfty forthe year erded SAprl 2024. thlthareset out on pages5 to & The tharltys trJsttes are respcmsble forthe prepar•tlon ollhe The tharfiVstru5tees Trder that an audltls not requTred for tNsyear under seellon 14412) of thecharfdes Art2011 (the 2011 Act) and thèt •n Independent txamination b needed. Itls my re5pwslbNty to: * examlne the acrJ)unts undèr se¢lloD 145¢f thè2011 Act; . to frJUcJwtht procedwes la down In the Kenernl DirectlNfj ifven bythe thlrlty Comm5sslonw s•dlon I45){b? ofthe 2011 Act: and . trstatethetlw partlcular matttls hve cometo attentlon. 31$ af Ind4p•nd•nt •x•ftWs T4rt My ¢x•mlMtlon was c4rfled out In ac07rd•rewlth General Dlre¢tlons by the 04rlty Commlxslaner. An txamlnatlon Indudu • remew ofthe •¢¢¢unllD8 rocfjrds kw ty the tharity a tomparlson of thè accounts presented wEth those rer<& Italso IrKludes conslder•tlon of any unusual Items ordlsdosures In the accounts. and the se•kln8 of expl•Mtlonsfrom you a5trustees concernlng ?ny su¢h matters. The pro&ure5 undertaken do not provlde all the evSd¢nc¢ that would be lequlred In •n audit and, a>nsequently no oplnlvn is ihen as to thèther th•ac¢ounts présent a tru• •nd hlr ¥lev/ aThl th¢ rert ts Umlted tothose mattets set outln the ststement bdow. IThdep•nd•fit•mIn•s stsl•m•nl In conn•ttton wlth rfry ex•mln•tlon, no rnrtter hascam to myitt•ntlon: 11) Mthlth Elves me re•wnabl• ouse to bellM tha¢ In any m•t•rl•l rsprt th• requlrements: - to keep •c¢ountlni records In ac¢ordan¢e w¢tlon IYJ ofth•2011 A¢. •nd . to prepare ¥coyJnts whlth •ec¢)rd V•ryth the accounti lecords andto comply wlth the 4¢untIng r•qulf•rnents of the ZOII Art have Mt been mel. ¢x (2) to whlth. In my opini(mottentk>n sh<¥uld be drnwn Inorder to en•ble • woper underst1nd1 olthe ittouhts to be rn•the Heathercheesman FCA ChlthesterACUftt1n8 104 Stocbrldg• Road Chlchester West Sussex P019 8aP Date: 12 0CC)W 2024
THE ST ANDREWS CHURCH HALL CHARABLE TRUST STATEMENT OF FINANCIAL AcllviTIE5 FOR THE YEAR ENDED 5 APRIL 2024 2024 Unrestricted Endowrnenl Funds Fund5 2023 Total Funds INCOME Interest recelved - Deposlt Accounts Investment Income,. COIF Charities Ethical Investment Income Shares CBF Investment Income Shares CBF Property Fund Shares 3.499 3,499 784 25,695 16,447 11,157 25.695 16.447 11,157 25,695 16,448 11,157 TOTAL INCOME 56.798 56.798 54,084 EXPENDMJRE Charitable donations (Proposed): The PCC of St Stephen with St John, Westminster St Peter's, Eaton Square- Repair and Ministry Fund 27,924 27.924 27,924 27,924 26,567 26.567 Administration Independent examinatlon 350 6W 350 600 3SO 600 TOTAL EXPENDITURE 56,798 56,798 S4,084 NEf INCOME/EXPENDrruRE BEFORE RECOGNISED GAINS AND LOSSES Net 8alnsllosses on Investment Assets Unreallsed galns Unreallsed losses 108,130 -13,984 108,130 -13,984 -129,308 NETMOVEMEMf IN FUNDS 94.146 94.146 -129,308 TOTAL FUNDS BROUGHT FORWARD 1.626,709 1,626,709 1,756,017 TOTAL FUNDS CARRIED FORWARD I,72055 1,720,855 1,626,709
THE ST ANDREWS CHURCH HALL CHARITABLE TRUST BALANCE SHE AT 5 APRIL 2024 2024 2023 FIXED ASSETS Inve5tment5 (Note 41 1,720.855 1,626,709 CURRENT ASSETS Deposit Accounts Current Account 56,655 143 56.798 53,857 227 54.084 LESS LIABILITIES: AMOUNTS FAILING DUE WITHIN ONE YEAR Charitable donations Adminlstratlon and Governance 55.848 950 56,798 53,134 950 54,084 NET CURRENT ASSETS NEf ASSErs 1,720,855 1,626,709 FUND5 Unrestrlcted Fund INote 51 Endowment Fund (Note 51 1,720.855 1,720.855 1,626,709 1,626.709 Approved by the Trustees on 19 November 2024 and signed on their behalf by: £J_F chair of Trustees
THE ST ANDREIWS CHURCH HALL cHARABLE TRUST NOTES TO THE AccouKrs FOR THE YEAR ENDED 5 APRIL 2024 I. BASIS OF ACCOUNTING The accounts have been prepared in accordance with Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102}, with the Statement of Recommended Practice= Accounting and Reporting by Charitles preparlng thelr accounts in accordance with FRS 102 and with the Charities Act 2011. The accounts have been prepared under the historical c05t convention, except for the revaluation of investments. St Andrews Church Hall Charitable Trust is a public benefit entity within the meanin8 of FR5102. 2. ACCOUNTING POLICIES Income 5ncome is included In the Statement of Flnanclal Activlties ISOFAI when the charity becomes entitled to the Incorne,. the tnJ5tees are vlrtually certain they will receive the incorne; and the monetary value can be measured with 5ufflcient rellablllty. Investment income 15 included in the accounts when receivable. Investment galns and losses include any gain or1055 on the sale of Investments and any gain or loss resulting from revaluin8 investments to market value at the end of the year. Expendituye and Liabllllles Liabilities are recognised as soon a5 there is a legal or constructive obllgatlon commltting the charlty to pay out Tesources. Admlnlstration costs include the cost of the preparation and examination of the statutory accounts, the c05t of trustee meetlngs and the cost of any legal advice to trustees on goverance and constitutional matters. Assets Investments are volued at market value at the year end. 3. INCOME FROM TPIE YEAR The total Income of £54,083 arlslng durlng the year was expended during the year12023: £54.0831. Net unrealised 8alns on the Investments were £94.14612023.. net unrealised losse5 £129.3081. 4. INVESTMENTS Investments are shown at their market value". realised and unreallsed gains and losses are recognlsed In the Statement of Financlal Activltles. Nurnber Cost Market Value Market Value 2023 2024 Galn/Loss COIF charities Ethical Investment Fund Income shares 298.434 538,793 837.198 906.106 68,908 CBF Church of England Investmer Fund Income shares 26,619 302.741 567.279 606,501 39,222 CBF Church of England Property Fund Income share5 171,383 195.188 222.232 208.248 -13,984 1.626.709 1.720,855
THE ST ANDREWS CHURCH HALL CHARrrABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL ZOZ4 5. ANALYSIS OF P4Ef ASSEfs BY FUNDS Unrestricted Endowment Fund Fund Tot31 2024 Total 2023 Fixed Assets Current A5set5 Current Liabilities Fund Balance 1,720,855 1,720,855 56,798 -56,798 1,720.855 1,626,709 54,083 -54,083 1.626.709 56,798 -56.798 1,720.855 6. REL4TED PARTY TRANSACTIONS The payment of the donations and of the adminlstratlon Charge of £350 to the PCC of St Stephen with St John Westminster are related party transactions. The donations are made in accordance with the constitution. The payment of the administration charge has been agreed by the trustee appointed by St Peter's Eaton Square. The donations and the administratlon charge are Included as current liabilitles In the accounts.