THE ST JAMES GREAT PACKINGTON TRUST (Charity Number 1023156) ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
THE ST JAMES GREAT PACKINGTON TRUST CONTENTS Page Independent Examiner's Report ta the Trustees Legal and Administrative Informalion Annual Report 4t05 statement of Financial Activities Balance Sheet Notes to the Acounts 8t010 Pag8 No,
THE ST JAMES GREAT PACKINGTON TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report to the charlty trustees on my examination of the accounts of the charity for the year endod 31st March 2024, which are set out on pages 6 to 10. Responsibilities and basis of report As the charity's trustees you are responsible for the prepar8tion of the accounts In accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed als the applicabl8 Diractions given by the Charity Cornmission under section 145(51{b) of the Act. Independent examlner's statement I have completed my examination. I confirm that no matell'al matters have come to my attention in Gonnection 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 thase records., or the accounts do not comply wth the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair vi8w' which is nol a matter considered as part of an independent examination, I hav8 no concerns and have come across no other matters in connection Mrith the exarnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Gregg Olner-14arrison Beale & Owen Date liilkni Highdown Hous8, 11 Highdown Road, Leamington Spa, CV31 IXT Page Na. 2
THE ST JAMES GREAT PACKINGTON TRUST LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR TO 31 MARCH 2024 status: The St James Great Packington Trust is registered with the Charity Commission (Number 1023156) The trust is governed by a deed dated 1 Jurie 1993. Trustees: Lord and Lady Aylesford Mr Nicholas Barlow Principal Addres: Packington Hall Packington Park Meriden Warwickshire CV7 7HF Princlpal Adv5sors: Bankers Llayds Bank PSC New Street Bimiingham B2 4QZ Solicitors Shakesp8are Martineau 1 Colmore Square Birmingham B4 6AA Page No. 3
THE ST JAMES GREAT PACKINGTON TRUST ANNUAL REPORT FOR THE YEAR TO 31 MARCH 2024 St James Church is owned by The James Great Packington Trust following a conveyance dated 14 November 1994, from the Church CommissionetB. The Conveyance of the Church arose from a Pastoral Scheme dated 1 March 1994 made under The Pastoral Measure 1983. Charlty's Objects The object of the Trust is to hold the capital and income of the Trust Fund upon trust to apply the income and all or such parts or parts of the capital at such times in such manner as the Trustees may in their absolute discretion think fit or towards: the preservation, repair and improvement of St James, Church for the benefit of the general public. the advancement of religion through the letting of the property to the friends of St James Great Packington who are responsible for the maintenanc8 of the Church of England services 8nd meetings in the Church., and the promotion of the arts and education through the holding of public concerts, lectures and tmeetings in the Ch urch. Public Benefit The trustees have read and applied the guidance from the Charities Commission relating to public benefit, and is inherent in the objects of the charity. Activitles and Review of the Year The Church is essentially a private chapel but can be used, under a Pastoral Scheme, for cultural purposes (not specifically defined and in addition to religious purposes) and remains in use de facto, as the Parish Church for Great and Little Packington Parishes. The uses to which the Church can be put are fairly limited, Currently, there are religious services, occasional concerts and recitals, the latter designed to raise funds for the maintenance Df the Church fabric. The net resources incoming for the year amounted to £nil, There are no restricted funds, No new Trustees were appointed during the year. The existing Trustees are experienced in the affairs of the Charity, 8nd will be given training as and when it is necessary. Page No. 4
THE ST JAMES GREAT PACKINGTON TRUST ANNUAL REPORT {CONTINUED) FOR THE YEAR TO 31 MARCH 2024 Risk and Reserve Policy The Trustees have established a policy of maintaining sufficient unrestricted funds in case of contingencies. The Trustees have assessed Ihe major risks to lch the Tnjst is exposed, in particular those related to the operations and finances of the Trust arkd are satisfied that systems are in place to mitigate exposure to the major risks. Investment Policy The Trustees investment powers are govemed by the Trust Deed, which pemiits the Trust's funds to be invested in any security the Trustees see fit. Future Plans To continue to meet the Charitys objectives. Trustees The Trustees shown on page 3 have all served for the whole of the year. For and on behalf of the Trustees Lord Aylesford DATE Oit. I t . Io L* Page No. 5
THE ST JAMES GREAT PACKINGTON TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 MARCH 2024 In¢ome and Expenditure Notes Total Funds 2024 Total Funds 2023 Incoming Resources Donetions 32,624,14 17,463.39 Other Income 4.530.50 1,840.00 Total Incoming Resources 37,154.64 19,303.39 Resources Expended Direct Ch8ritable Expenditure 24,405.67 29,104.80 Total Resources Expended 24,405.67 29,104,80 R&sources incomingl (Net expended resources for the year) 12,748.97 (9,801.41) Unrgstricted funds at 1 April 2023 613.12 10,414.53 Unrastricted funds at 31 March 2024 13,362.09 613.12 Total recognised gains and losses The Charity had no recognised gains or1088gS Other than the net incomingloutgoing resources for the above finanGial year. The notes on pagés 8 to 10 form part of these financial statements. Page No. 6
THE ST JAMES GREAT PACKINGTON TRUST BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 Fixed Assets Land & Buildings 1.00 1.00 Current Assets Bank Current Account 13,064.81 1,925.43 Bank Deposit Account 23.18 23.18 Debtors 669.21 512.24 13,757.20 2,460.85 Less Current Liabilities Creditors 396.11 1,848.73 Net Current Assets 13,361.09 612.12 Net Assets 13,362.09 613.12 Unrestricted Funds 13,362.09 613.12 Approved by the Board of Trustees on 4th December 2024 and signed on behalf of the Trustees. Lord Aylesford The notes on pages 8 to 10 form part of these financial statements. Page No. 7
THE ST JAMES GREAT PACKINGTON TRUST NOTES TO THE ACOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies Basls of Accounting The accounts are prepared on the historical cost basis of accounting, and are prepared in accordance with the Statement of Recommended Practice, applicable accounting standards and the Charities Act 2011, bl Donatlons Donations are accounted for when received. Resources Expended Expenditure is accounted for on an accruals basis, d) Fixed Assets and Depreciation Land and buildings are stated at valuation, I'he buildings 8re m8inlain8d in a state of repair such thal their estimated residua5 value is not less than their r2rrying amount in accounts and ther@for& an annual charge for depreciation would be nil. Grants Grants are received from English Heritage and are credited to the Statement of Financial Activities during the period of account and provisions are made as necessary, Page No. 8
THE ST JAMES GREAT PACKINGTON TRUST NOTES TO THE ACOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Direct Charitable Expenditure 2024 2023 Heal, Light, Cleaning, Gardening & Insurance 12,146,93 22,698.24 Propety and FabriG Mainlanance 6,916.81 3,087.56 Concert and Event costs 3,331.51 835.00 stationery 175.00 Donations 1,542.92 1,867.00 Organ Tuning and Maintenanc& 467.50 442.00 24,405.67 29,104,80 Flxed Ass&ts 2024 2023 Land 8nd Buildings 1.00 1.00 The land and buildings were valued on 2 July 1997 by Barlow Associat8s, Chartered Surveyors. The low valuation of the property is due to the fact that. in their opinion, th8 propety is not saleable. The Trustees are not aware of any material Changes since the last valuation. Trustees. remuneration and expenses Neither the Truslees, nor the persons connected with them received any r8muneration, other benefits or reimbursements of 6xpenses from the Trust in either the current or prior year. Voluntary Income . Donations 2024 2023 The Aylesford Family Gharilable Trust 30,500.00 15,000.00 Other 2,124.14 2,463.39 32,624.14 17,463.39 other Income 2024 2023 Concert and Evanl Income 4,430,50 1,740.00 Church Usage Fees 100.00 100.00 4,530.50 1,840.00 Pag8 No. g
THE ST JAMES GREAT PACKINGTON TRUST NOTES TO THE ACOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Controlling Party The board cf Trustees is the controlling paty of the Charity, Debtors 2024 2023 St James Great Packington Friends Entry fees 2023120241202212023) 669.21 328.80 HMRC - VAT Refund 183.44 669.21 512.24 Credltors 2024 2023 Packington Estate Enterprises Limited 363.33 1.482.68 S Jennings (Cleaning) 270.00 E.ON (Electricity) 93.12 HMRC - VAT payment 32.78 2.93 396.11 1.848.73 Page No. 10