2024-12-31-accounts - St. Luke's Hall

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St Luke's Hall Trust

Charity No. 1069790

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Report and Accounts For The
Year Ended 31 December 2024
7 Trustees’ Annual Report
7 Statement of Financial Activities for the Year2024
= Balance Sheet at 31 December 2024
a Notes tothe Accounts
Independent Examiner's Report to the Trustees
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St Luke’sHall Trust

Charity Number 1069790

Address: St Stephen's Church, St Stephen's Road, West Ealing W13 SHB.

Report for the year ended 314 December 2024

HISTORY

St Luke's Halt was @ property left to the Parochial Church Counc# of St Stephen's Church (the PCC’), West Ealing for the benefit of the Parish. The Charity was founded as a Trust by deed dated 26 May 1911 — it was replaced by a Charity Commission Scheme dated 18 July 1996. Over the years the benefit declined to the point that the Trustees decided that the property should be sold for residential development. The sate realised just over £1 million which has been invested.

GOVERNANCE

“The body of Trustees shall consist, when complete, of five competent persons, being one ex-cfficio Trustee who shail be the incumbent for the time being of the benefice of St Stephen's Ealing, and four Trustees nominatedby the Parochial Church Council of St Stephen's - the PCC. The nominated Trustees shalt serve for @ term of four years.” The Trusteesin 2024 were Heather Sharland - nominated July 2018, renewed July 2022 Chnstopher irwin-Chids (Treasurer) — renewed July 2022 Sanjay Joshi — elected by PCC from September 2023 Geoffrey Nolan - renewed June 2020 — retired August 2023 [lit health - died 12.02.24] James Morrow — elected by PCC from September 2023 fwas unable to serve} ChairmanThe Reverend Stephen Newbold, as the incumbentof St Stephen's. Christopher Irwin-Childs would take on the role of Vice Chair. The Reverend Newbold was moving to another Parish. ACTIVITIES OnManagementbehalf of theLimitedPCC the(‘theTrusteesCCLA"). have holdingsin funds operated by the Church, Councilsand Local Authorities investment SomeCCLA.of the returns are transferred into the Trust's holding account with Barclays Bank - the remainder increasethe investment with the Parish.The TrusteesThese feedfunds fundsare accountedto St Stephen'sfor by PCCSt Stephen's as requested Church by the(Charity PCC forNumber activities1133772).that enhancethe activites of St Stephen's within the The Trust has no property or other responsibilities.

The Trustees receive no payment - directly or indirectly. During 2021 discussions started about an improvement to the church building and [subject to the agreement of the Charity Commission] the Trust has offered £400,000 towards the project. Work has started on the Entrance improvement Project Payments were made to the PCC in response to specific applications. Withdrawels were made from the CCLA investment account, as necessary,

St Luke's Hall Trust

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Charity No. 1069790

STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDING 31 DECEMBER 2024

	Note	Unrestricted Endowment Unrestricted Endowment Funds Funds TotalFunds Funds Funds TotalFunds
		2024 2024 2024 2023 2023 2023
		€ € £ € & €
Income andendowments from:
Investments
CBFtrvestnventFundincome CBF PropertyFund Income CBF Interest TOTALINCOME		- 40,500 40,500 ~ 41,510 44,510 - 4,980 4,980 - 4,905 4,905 0 - 0 - - - a eS an 0 45,480 45,480 - 46,415 46.415 he 2A Dttc
Expenditure on
Charitable activities
DonationstoStStephen'sChurch Management/Administration Expenses		140,467 - 140,467 71,720 - 71,720 1,216 - 1216 868 - 868
TOTALEXPENDITURE		5pe 141,683 - 141,683 72,588 - 72,588 ae
Netincome/{texpenditure)beforeinvestment gains	investment gains	(141,683) 45,480 (96,203) (72,588) 46,415 (26,173)
NETGAINSON INVESTMENTS
Unrealisedgains/(losses)oninvestments	2	- 32,753 32,753 - 124,556 124,556
NETINCOME/(EXPENDITURE) FundTransfers NETMOVEMENTINFUNDS Reconciliation ofFunds:		eee (141,683) 78,233 (63,450) (72,588) 170,971 98,383 165,480 (165,480) - 46,415 (46,415) - ———————— 23,797 {87,247) (63,450) (26,173) 124,556 98,383
FUNDSBROUGHTFORWARDAT1.1.24		1,957 1,610,938 1,612,895 28,130 1,486,382 1,514,512
FUNDSCARRIEDFORWARDAT31.12.24		a 25,754 1,523,691 1,549,445 1,957 1,610,938 1,612,895 —— rrr ee

St Luke's Hall Trust Charity No. 1069790

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BALANCESHEETAT 31 DECEMBER 2024	BALANCESHEETAT 31 DECEMBER 2024
		Note	2024	2023
			£	£
FIXED ASSETS
FixedAsset Investments		2	1,523,690	1,610,938
TOTALFIXEDASSETS			1,523,690	1,610,938
CURRENTASSETS
BarclaysBank			Fe 8 fos	1,958
CBF Deposit Fund			-	-
Accounts receivable &	prepayments		-	-
Total CurrentAssets			25,755	1,958
LIABILITIES				-
NETCURRENTASSETS			25,755	1,958
TOTALNET ASSETS			1,549,445 ——	1,612,896 GeO
Funds ofthe charity:
General Funds (Unrestricted)		4	25,754	1,958
Endowment Fund		4	1,523,691	1,610,938
TOTALFUNDS			1,549,445 oC	1,612,896 ——__"=_
Approved bytheTrusteeson	andsignedon theirbehalfby:
Mr Chris Irwin-Childs	Heather Sharland Trustee
Chair	Trustee			j o- %LS

StCharity Luke'sNo.Hall1069790 Trust

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NOTES TO THE ACCOUNTS

Note1: Accounting Policies

Basisof Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charites preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)) as amended havebyCharitiesUpdateActBulletin 2011 and1, theUK GenerallyFinancial AcceptedReporting PracticeStandardas itapplicable applies fromin the1 JanuaryUK and 2015.RepublicThe accountsof ireland (financial(FRS 102) statements)and the 2008 beenonly preparedto the extentto givr e quireda ‘ueto andprovfa i r’de viewa ‘rue and haveand fairdeparted view’. fromThis thedepartuCha r eitieshas (Accountsinvolved followingand Reports)AccountingRegulationsand Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Prachce effective from 1 April 2005 which has since been withdrawn. St Luke's Hall Trust meets the definiton of @ public benefit entity under FRS 102. Assets and kebilities are initially recognised at histoncal cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going Concem

St Luke's Trustees have prepared the accounts on a going concem basis and foresee that St Luke's will be able to meet all liabilities as they fall due given the reserves and forthcoming plans.

Recognitionof income Incoming resources are included in the Statement of Financial Activities 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

measured reliably.

Offsetting

ThereSORPorhasFRSbeen102.no offsetting of assets and liabilties, or income and expenses, unless required or permitted by the FRS 102

tnvestmentGains and Losses

This includes any realised or unrealised gains and losses on the sale of investments and any gain or loss resulbng from revaluing investments to market value at the end of the year.

Liabitities

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Fixed Asset investments

Fixed asset investments are vakied initially at cost and subsequently at fair value (their market value) at year end.

Note 2: Fixed Asset Investments

The original land and buildings were acquired by the the charity at its inception in 1911, and constituted permanent endowment Property under the Charity Commission Scheme of 1996. Following the sale of the land and buildings in 2015, the not proceeds of the sale, (Permanent Endowment capital), were invested into two funds selected by the Trustees and operated by CCLA Investment Management Limited. CCLA is authorised and regulated by the Financial Conduct Authority and is the manager of the CBF Church of England Funds.

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St Luke's Hall Trust Charity No. 1069790 NOTES TO THE ACCOUNTS

	2024	2023
Carrying (Fair)ValueofInvestmentsat1January2023 Net unrealisedgain/(loss) onrevaluation Sale of Shares.	£ 1,518,632	£ 1,486,382 124,556
Camying(Fair)Valueat31 December2024	1,516,632 [SS	1,610,938 SES
Investments are held in the following:
CBFChurchofEnglandInvestmentFundIncomeShares CBFChurch of England PropertyFundincomeShares	1,518,632 1,518,632 SS	1,518,632 92 306 1,610,938 ——S——
TotalCostofInvestments	1,003,168 Ss	1,003,168 ——

The market value of the funds include holdings at the mid market price (net asset value) of @ share.

Note 3: Analysis of Net Assets by Fund

			Permanent
		Endowment
	General Fund		Fund	2024
	£		£	£
FixedAssetInvestments Net Current Assets	- 25,755	1,523,691 -		1,523,691 25,754
	25.755 1,523.691 a		1,523.691	1.549.445
Note4: Funds
2024 Endowment Fund GeneralFund (Unrestricted)	B/F01/01/2024 £ 1,610,938 1,958 1,612,896		incoming «Resources £ 45,480 - 45,480	Expenditure £ - (141,683) (141683)	Gains £ 32,753 - 32,753	=Transfers. £ (165,480) 165,480 -	C/F31/12/2024 £ 1,523,691 25,754 1,549,445
2023 Endowment Fund General Fund(Unrestricted)	B/F01/01/2023 £ 1,486,382 28,130 1,514,512		incomng Resources =Expenditure £ £ 46,415 - - (72,587) 46.415 (72.587)		Gains £ 124,556 : 124,556	=Transfers. £ (46.415) 46,415 -	C/F 31/12/2023 £ 1,610,938 1,958 1,612,896
Unresiricied funds (General Fund) represent income funds of the cherity purposesofthecharity.		that are available for spending on the general

Endowment capital may be used as unrestricted, generat funds of the charity. ts income is transferred to the General Fund.

St Luke's Hall Trust Charity No. 1069790

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Independent Examiner's Report to the Trustees of St Luke's Hall Trust (Charity Number 1069790)

| report on the accounts for the year ended 31 December2024 which are set out on pages 3 to 6.

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that anan independentauditis not required examinationfor thisis needed.year under section 144 of the CharitiesAct 2011 ("the Charities Act") and that

It is my responsibility to:

° examine the accounts under section 145 of the Charities Act,
e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities 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 the general Directions given by the Charity Commission. 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 conceming any such mattters. 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 staternent below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention

1; which gives me reasonable cause to believe that, in any material respect, the requirements: (a) to keep accounting records in accordance with section 130 of the Charities Act; and
(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr Kevin Ogilvie Charity Bookkeeping & Examination Services 13 Evelyns Close Uxbridge UB8 3LR

21st August 2025