2020-08-31-accounts - The Christ Church Trust

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THE CHRIST CHURCH TRUST

REPORT OF THE TRUSTEES AND ACCOUNTS

YEAR ENDED 31 AUGUST 2020

THE CHRIST CHURCH TRUST

Year ended 31 August 2020

Report of the Trustees

Charity Number: 1054542

Registered Office:

8 Christ Church Road Surbiton Surrey KT5 8JJ

Trustees:

Sue d’Albertanson – Secretary Lynda Byford Keith Mason Anne O’Brien Rev John Birchall – Chair

Structure and Governance

The Trust was established by a trust deed dated 11 March 1996 as an unincorporated body. The Trustees are appointed from the members of the Electoral Roll of Christ Church, Surbiton Hill by invitation from the outgoing and continuing Trustees.

Trustees’ meetings are held regularly and minutes of those meetings are taken as a permanent record.

Objectives and Activities

The Trust’s objectives as set out in the governing document and within the main objective of the promotion of the Christian faith are:-

a. To give practical experience and training in Christian work on a full or part-time basis.
b. To employ members of staff in the parish of Christ Church, Surbiton Hill.
c. To support members of Christ Church on short-term mission assignments at home or abroad.

In furtherance of those objectives, the Trust employs Assistant Ministers for service in the parish, assists with funding training of individuals for ministry purposes and owns and maintains suitable premises to assist the achievement of the staff’s functions.

The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission.

THE CHRIST CHURCH TRUST

Year ended 31 August 2020

Report of the Trustees

Achievements and Performance

During the year the following individuals were employed by the Trust;

Aneal Appadoo (Associate Minister)
Steve Weston (Children’s Pastor)
Reuben Alexander (Youth Pastor) Left 1 June 2020
Emma Purkess (Worship Pastor) joined November 2019

The Trust owns and maintains two residential properties, at 19 Dennan Road and 56 Britannia Road. During the year, Aneal Appadoo lived at Dennan Road, and Steve Weston at Britannia Road.

Financial review

The attached statement of accounts sets out the results for the year which, in the Trustees’ opinion, are satisfactory.

Approved by the Trustees on

12[th] January 2021

Sue d’Albertanson Secretary

THE CHRIST CHURCH TRUST Charity Number: 1054542

STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 August 2020

	2020 £	2019 £
Incoming resources (Note 3)
Incoming resources fromgenerated funds
Voluntary income	142,300	107,744
Investment income	164	94
Total incoming resources	142,464	107,838

Resources expended (Notes 4-5)
Investment management costs	21,961	42,416
Charitable activities	97,038	41,857
Governance costs	300	300
Total resources expended	119,299	84,573
Net incoming (outgoing) resources	23,165	23,265
Total funds brought forward	498,270	475,005
Total funds carried forward (Note 9)	521,435	498,270

THE CHRIST CHURCH TRUST Charity Number : 1054542

BALANCE SHEET At 31 August 2020

	2020 £	2019 £

Fixed Assets
Tangible assets (Note 6)	420,700	420,700
	420,700	420,700
Current assets
Debtors (Note7)	934	2,931
Cashat bankandin hand	110,019	81,789
	110,953	84,720

Creditors:amountsfalling duewithinone year(Note 8)	10,218	7,150
Net current assets	100,735	77,570

Total assets less current liabilities	521,435	498,270

Creditors: amountsfalling due afterone year(Note 8)	-	-
Net assets	521,435	498,270


Funds of the charity
Unrestricted funds	521,435	498,270
Total funds (Note 9)	521,435	498,270

Signed on behalf of all the trustees on

XX Chairman

THE CHRIST CHURCH TRUST Charity Number: 1054542

ANNUAL ACCOUNTS

Year ended 31 August 2020

Notes to the accounts

Note 1 Basis of preparation

These accounts have been prepared on the basis of historic cost in accordance with the Accounting and Reporting Standard by Charities – Statement of Recommended practice (SORP 2005); appropriate accounting standards; and with the Charities Act 1993

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed below.

INCOMING RESOURCES

Recognition of	Income resources are recognised in the Statement of Financial
incoming resources	Activities (SoFA) when:
	 The charity becomes entitled to the resources;
	 The trustees are virtually certain they will receive the resources;
	and
	 The monetary value can be measured with sufficient reliability
Incoming resources	Where incoming resources have related expenditure (as with fund
with related	raising or contract income) the incoming resources and related
expenditure	expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity
	has unconditional entitlement to the resources.
Tax reclaims on	Incoming resources from tax reclaims are included in the SoFA at the
donations and gifts	same time as the gift to which they relate.
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value
	to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts
	only when sold or distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming
	resources when receivable.
Volunteer help	The value of any voluntary help received is not included in the accounts
	but is described in the Report of the Trustees.
Investment income	Investment income is recognised when receivable.

THE CHRIST CHURCH TRUST Charity Number: 1054542

ANNUAL ACCOUNTS Year ended 31 August 2020

Note 2 Accounting policies (continued)

EXPENDITURE AND LIABILITIES Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance costs

Governance costs include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants payable without performance conditions

Grants payable are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

ASSETS Tangible fixed assets Tangible fixed assets maybe capitalised if they can be used for more for use by the charity than one year, and cost at least £1,000. Fixed assets are valued at cost or, if gifted, at the value to the charity on receipt.

Note 3 Analysis of incoming resources Voluntary income Donations Gift aid tax recoveries Total Investment income Rental income Bank deposit interest Total Note 4 Analysis of resources expended Investment management costs Property costs 56 Britannia Road Property costs Wren Court Property costs 19 Dennan Road Property costs 2 Berrylands Total Charitable activities Staff costs Support costs Grants Total Governance costs Legal costs and insurance Total	2020 2019 £ £ 130,550 96,999 11,750 10,745
	142,300 107,744
	- - 164 94
	164 94
	2020 2019 £ £ 3,049 0 3,727 15,202 4,907 7,660 14,005 15,827
	21,961 42,416
	93,699 41,438 368 419 2,970 0
	97,038 41,857
	300 300
	300 300

THE CHRIST CHURCH TRUST Charity Number: 1054542

ANNUAL ACCOUNTS Year ended 31 August 2020

Note 5 Paid employees

5.1 Staff costs

Gross salaries and benefits in kind Employer’s national insurance costs Pension costs Total staff costs	2020 2019 £ £ 83,558 33,131 5,050 3,854 5,391 4,753
	93,999 41,738

5.2 Average number of full-time equivalent employees in 2020 was 3.15 (2019: 2.5).

5.3 Pension contribution

Individual pension arrangements exist for all employees.

Note 6 Tangible fixed assets
Cost
		Freehold	Total
		land &	£
		buildings
Balance as at 1 September 2019 and at 31 August 2020		420,700	420,700
Note 7 Debtors and prepayments
Analysis of debtors	Amounts falling due within one year Amounts falling due after more than one year
	2020	2019 2020	2019
	£	£ £	£
Rent Deposit	0	2,000 -	-
Prepayments and accrued income	934	931 -	-
Total	934	2,931 -	-

THE CHRIST CHURCH TRUST Charity Number: 1054542

ANNUAL ACCOUNTS Year ended 31 August 2020

Note 8 Creditors and accruals Analysis of creditors Amounts falling due within one year Amounts falling due after more than one year 2020 £ 2019 £ 2020 £ 2019 £ Other creditors 10,218 7,150 - - Total 10,218 7,150 - - Note 9 Total funds 2020 2019 Unrestricted funds General £ Property £ Total £ General £ Property £ Total £ Balance at 1 September 2019 82,463 415,807 498,270 59,198 415,807 475,005 Net surplus for the year 23,165 23,165 23,265 - 23,265 Transfer Balance at 31 August 2020 105,628 415,807 521,435 82,463 415,807 498,270	Amounts falling due within one year Amounts falling due after more than one year 2020 £ 2019 £ 2020 £ 2019 £ 10,218 7,150 - -	Amounts falling due within one year Amounts falling due after more than one year 2020 £ 2019 £ 2020 £ 2019 £ 10,218 7,150 - -
	10,218	7,150 - -
		2019
General £ Property £ Total £ 82,463 415,807 498,270 23,165 23,165		General £ Property £ Total £ 59,198 415,807 475,005 23,265 - 23,265
105,628 415,807 521,435		82,463 415,807 498,270

Independent Examiner’s Report to the Trustees of The Christ Church Trust (Charity no 1054542) for the year ended 31[st] August 2020 as set out on pages 3 to 8

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under section 43 of the Act);
To follow the procedures laid down in the General Directions given by the Charity Commission (under section 43 (7)(b) of the Act); and
To state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried out in accordance with 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 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
proper accounting records are kept (in accordance with section 41 of the 1993 Act); and
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 1993 Act; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

17[th] February 2021

David Best (Chartered Accountant – FCA) 11 Broomfield Road Surbiton Surrey KT5 9A2