**New Ingrebourne Trust** **Trustees' Report and Accounts** **for the Year Ended 31 December 2024** |**New Ingrebourne Trust**||| |---|---|---| |**Contents of the Trustees' Report and Accounts**||| |**for the Year Ended 31 December 2024**||| ||Page|| |Report of the Trustees||2-3| |Independent Examiner's Report||4| |Receipts and Payments Account||5| |Balance Sheet||6| |Notes to the Accounts||7| ## **New Ingrebourne Trust** ## **Year Ended 31st December 2024** ## **Report of Trustees** The Trustees have pleasure in presenting their report and financial statement for the year ended 31st December 2024 The New Ingrebourne Trust is a registered charity number 1042768 constituted under a Trust Deed executed on 7 November 1994 ## Aims and Objectives The aims of the Trust are to support, strengthen and build the cohesion in the community recognising the value of the local church taking in the community. ## Activities In 1995, the Local Authority granted to the Trust a ten-year lease on a local social hall. The hall was refurbished and opened as the Ingrebourne Centre in April 1996. The Trust signed a new lease for a further 20 years with effect from 1 April 2006 The Trust maintains the Ingrebourne Centre now known as the Ingrebourne Community Hub and the external area to a good standard along with a property that is held to house ministry staff of St Peters church. A review of the use of the building resulted in a plan to redevelop the Ingrebourne Centre to expand its operations into more of a general facility for the people of the area and the redevelopment was completed at the end of 2019 such that it was able to reopen in January 2020. The alterations to the building allowed the Trust to expand its activities within the community including supporting both young people and the elderly, setting up a language group, a reading group for children and facilitating groups to build resilience particularly with the more vulnerable. The Hub is also able to operate as a meeting centre for local people, community groups and other Christian action groups ## 8 Archibald Road The Trust owns a property known as 8 Archibald Road which was purchased in 1994 by a number of donations given by members of St Peters Church. That property continues to provide housing for ministry staff at St Peters. During the year the Trustees have agreed that the property should be made available at no cost to St Peters and at the same time St Peters have agreed that they will maintain the property and reimburse any costs which the Trust may incur in respect of the property. ## **Results for the Year** At 31 December 2024 the receipts and payments account showed an operating surplus of unrestricted funds of £83 Reserves At the year end the unrestricted reserves amounted to £2975 which the Trustees realise is well below what is required for normal operations. It is their desire during 2025 to increase the level of reserve in the coming year, however recognising the financial limitations for customers and users of the Centre. ## **Trustees** The Trustees during the year are as follows: Andrew Rogers Kevyn Davies-Jones Stuart Brooks Robert Hudson Amanda Stoddart - resigned 12 June 2024 Ian Jeffrey Matthew Harrison John Norton ## **Statement of Trustees' Responsibilities** The Trustees are responsible for keeping the proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the Trust and for taking reasonable steps for the detection of fraud and other irregularities. On behalf of the New Ingrebourne Trustees Stuart Kerr Brooks; Chair Date 14 September 2025 ## **Independent Examiner's Report to the Trustees** ## **of The New Ingrebourne Trust** I report on the accounts of the Trust for the year ended 31 December 2024, which are set out in the attached pages. Respective responsibilities of trustees and examiner As charity trustees, you are responsible for the preparation of the accounts; you consider that the audit requirements of section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to state, on the basis of procedures specified in the general directions given by the Charity Commissioners undersection 43(7b) of the Act, whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation 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 I do not express an audit opinion on the view given by these accounts. Independent Examiner's Statement In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements have not been met: * to keep accounting records in accordance with section 41 of the Act; and * to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act. Allan Munns 30 Arundel Road Harold Wood Romford RM3 0RT Date: 17 September 2025 4 ## **New Ingrebourne Trust Receipts and Payments Account for the Year Ended 31 December 2024** ||UNRESTRICTED|RESTRICTED|TOTAL|TOTAL| |---|---|---|---|---| ||FUNDS|FUNDS|2024|2023| ||£|£|£|£| |**RECEIPTS**||||| |INCOME RECEIPTS||||| |Donations|13,236|5,645|18,881|22,706| |Catering sales|147,654||147,654|128,004| |Room Hire|5,027||5,027|2,408| |Other Receipts||||265| |TOTAL RECEIPTS|165,917|5,645|171,562|153,383| |**PAYMENTS**||||| |OPERATING COSTS||||| |Property improvement and||||| |equipment|2,738||2,738|7,254| |Cost of Sales|64,437||64,437|60,262| |Payroll costs|71,774||71,774|64,290| |Utilities|15,279||15,279|11,575| |Rent|3,956||3,956|3,956| |Insurance|1,698||1,698|1,094| |Repairs and Maintenance|3,544||3,544|2,283| |IT software and consumables|1,066||1,066|1,550| |Other expenses|1,342||1,342|1,295| |TOTAL PAYMENTS|165,834||165,834|153,559| |NET RECEIPTS||||| |/(PAYMENTS)|83|5,645|5,728|(177)| |FUND BALANCES BROUGHT||||| |FORWARD|377,892|450|378,342|378,519| |FUND BALANCES CARRIED||||| |FORWARD|377,975|6,095|384,070|378,342| 5 ## **New Ingrebourne Trust Statement of Assets and Libilities At 31 December 2024** |**ASSETS**
Property (note 2)
Bank and cash balances
TOTAL ASSETS
**LIABILITIES**
Creditors (note 3)
NET ASSETS
**RESERVES**
Revaluation Reserve (note 2)
Designated Reserve
Restricted Reserves
Opening position
Donations
Less expenditure
Closing position
Unrestricted reserve
Opening position
Movement in year
Closing position
TOTAL RESERVES|TOTAL
TOTAL
2024
2023
£
£
375,000
375,000
13060
7554| |---|---| ||388,060
382,554
(3,990)
(4,212)| ||384,070
378,342| ||270,296
270,296
104,704
104,704| ||375000
375,000| ||450
5645
450| ||6095
450| ||2892
3,519
83
(627)| ||2975
2,892| ||| ||384070
378,342| On behalf of the Trustees Stuart Brooks Date: 14 September 2025 6 ## **New Ingrebourne Trust Notes to the Accounts Year Ended 31 December 2024** ## **Note 1 Revaluation Reserve** The property 8 Archibald Road following major improvement works, was revalued, by the former Trustee Alan Gillard as at 31 December 2006 at £250,000. The property was revalued by Delaney Property Limited, Estate Agents at £375,000 as at 31 December 2017. |Value as at 31 December 2005
Property improvements 2006
Change in value in 2006 (revaluation reserve)
Value as at 31 December 2006 to 31 December 2016
Change in value in 2017 (revaluation reserve)
Balance at 31 December 2024
**Note 2 Creditors**
VAT
Taxation and social security
Other Creditors|£
80,600
24,104
145,296
250,000
125,000
375,000
2024
2023
£
£
3020
3228
554
576
416
408|£
80,600
24,104
145,296| |---|---|---| |||250,000
125,000| |||375,000| ||3990
4212|| 7