2022-08-31-accounts - The Christ Church Trust

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THE CHRIST CHURCH TRUST

REPORT OF THE TRUSTEES AND ACCOUNTS

YEAR ENDED 31 AUGUST 2022

THE CHRIST CHURCH TRUST

Year ended 31 August 2022

Report of the Trustees

Charity Number: 1054542

Registered Office:

8 Christ Church Road Surbiton Surrey KT5 8JJ

Trustees:

Sue d’Albertanson – Secretary Lynda Byford – Co-Chair resigned February 2022 Keith Mason – Chair Anne O’Brien Rev John Shepherd from March 2022

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 2022

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)
Emma Purkess (Worship Pastor)

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.

Changes during 2022

Following discussions with the PCC and Church Wardens, the Trust have agreed to transfer the employment of the Christ Church staff to the PCC - to bring greater clarity to our finances, so that we can see all our income and expenditure in one place; and to bring unity to the oversight of strategy and vision for Christ Church (including staffing), which rests with the Vicar and the elected PCC. The official transfer took place in April 2022 to coincide with a new tax year.

The purpose of the Trust is “the advancement of the Christian Faith either in the United Kingdom or overseas”, and it will continue to own and maintain the current properties (and any future properties donated or purchased), make some grants to that same end, and will make payments to the PCC from the income received in order to pay staff salaries.

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

XXXXX 2023

Sue d’Albertanson Secretary

THE CHRIST CHURCH TRUST Charity Number: 1054542

STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 August 2022

	2022 £	2021 £
Incoming resources (Note 3)
Incoming resources fromgenerated funds
Voluntary income	78,606	128,238
Investment income	61	11
Total incoming resources	78,667	128,249

Resources expended (Notes 4-5)
Investment management costs	14,081	42,400
Charitable activities	78,577	87,177
Governance costs	396	300
Total resources expended	93,054	129,877
Net (outgoing) incoming resources	(14,387)	(1,628)
Total funds brought forward	519,807	521,435
Total funds carried forward (Note 9)	505,420	519,807

THE CHRIST CHURCH TRUST Charity Number : 1054542

BALANCE SHEET At 31 August 2022

	2022 £	2021 £

Fixed Assets
Tangible assets (Note 6)	420,700	420,700
	420,700	420,700
Current assets
Debtors (Note 7)	775	987
Cash at bank and in hand	83,945	98,120
	84,720	99,107

Creditors:amountsfalling duewithinone year(Note 8)	0	0
Net current assets	84,720	99,107

Total assets less current liabilities	505,420	519,807

Creditors: amounts falling due after more than one year (Note 8)	-	-
Net assets	505,420	519,807


Funds of the charity
Unrestricted funds	505,420	519,807
Total funds(Note 9)	505,420	519,807

Signed on behalf of all the trustees on

21 June 2023

Keith Mason Chair

THE CHRIST CHURCH TRUST Charity Number: 1054542

ANNUAL ACCOUNTS Year ended 31 August 2022

Notes to the accounts

Note 1 Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom (FRS 102) and the Charities Act 2011.

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 2022

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	2022 2021 £ £ 64,540 109,431 14,066 18,807
	78,606 128,238
	- 61 11
	61 11
	2022 2021 £ £ 5,985 - 38,3559 - 8,096 4,045 - -
	14,081 42,400
	78,454 86,107 123 120 0 950
	78,577 87,177
	396 300
	396 300

THE CHRIST CHURCH TRUST Charity Number: 1054542

ANNUAL ACCOUNTS Year ended 31 August 2022

Note 5 Paid employees

5.1 Staff costs

Gross salaries and benefits in kind Employer’s national insurance costs Pension costs Total staff costs	2022 2021 £ £ 71,195 76,465 3,320 4,694 3,939 4,948
	78,454 86,107

5.2 Average number of full-time equivalent employees in 2022 was 2.5 (2021:2.5).

5.3 Pension contribution

Individual pension arrangements exist for all employees.

Note 6 Tangible fixed assets
Cost/Valuation
		Freehold		Total
			land &	£
		buildings
Balance as at 1 September 2021 and at 31 August 2022			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
	2022	2021	2022	2021
	£	£	£	£
Rent Deposit			0 -	-
Prepayments and accrued income	775	987 -		-
Total	775	987 -		-

THE CHRIST CHURCH TRUST Charity Number: 1054542

ANNUAL ACCOUNTS Year ended 31 August 2022

Note 8 Creditors and accruals Analysis of creditors Amounts falling due within one year Amounts falling due after more than one year 2022 £ 2021 £ 2021 £ 2020 £ Other creditors 0 0 - - Total 0 0 - - Note 9 Total funds 2022 2021 Unrestricted funds General £ Property £ Total £ General £ Property £ Total £ Balance at 1 September 2021 104,000 415,807 519,807 105,628 415,807 521,435 Net deficit for the year (14,387) (14,387) (1,628) (1,628) Transfer (4,893) 4,893 Balance at 31 August 2022 84,720 420,700 505,420 104,000 415,807 519,807	Amounts falling due within one year Amounts falling due after more than one year 2022 £ 2021 £ 2021 £ 2020 £ 0 0 - -	Amounts falling due within one year Amounts falling due after more than one year 2022 £ 2021 £ 2021 £ 2020 £ 0 0 - -
	0	0 - -
		2021
General £ Property £ Total £ 104,000 415,807 519,807 (14,387) (14,387) (4,893) 4,893		General £ Property £ Total £ 105,628 415,807 521,435 (1,628) (1,628)
84,720 420,700 505,420		104,000 415,807 519,807

Independent Examiner’s Report to the Trustees of The Christ Church Trust (Charity no 1054542) for the year ended 31[st] August 2022 as set out on pages 3 to 8

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

Date

Name: A J Whelan

Relevant professional qualification(s) or body (if any): Chartered Accountant – FCA

Address: 32 Parkside Crescent Surbiton KT5 9HT