REVEREND FREDERICK W ROBERTSON TRUST (otherwise known as The Robèrtson Hall Trt15t) (Registered Charity Number 1073473) ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS The Trustees The Charity Trustees who have hekl office from 1 st January 2024 down to the date of this Reporl aie:_ The Venerable Marbn Lloyd-Willi3rns (nominated managing trustee) re-appointed for a ftjrther 4 years from 221id May 2023) Reve￿nd Richard Bryan Merrick Vicar The Benefi￿ of Biighton The Chapel Royal) (appointed 3r(1 October 2024) Reverend Emma Ham-RiGhe (nominated managing Trustee) appointed for 4 years from 27th August 2024. James Groves (co-opted managing Trustee) (re-appointed for 5 years from 291h Januaty 2024) Lesley Webster (co-opted managing Trustee) (appointed for 5 years from 171h March 2020. STRUCTURE. GOVERNANCE AND MANAGEMENT Trustee ￿¢rUitment and appointment The Benefice of Brighton Saint Peter with the Chapel Royal was dissolved during 2009 and out of the fomer BenefiGe two new Benefice$ were created. The new benefice of Brighton the Ghapel Royal includes the major part of the former Benefice and thus the incumbent for the time bÈiny of the BenefiGe of Brighton the Chapel Royal is the ex-offiGio Trustee under Clause 4{b) of the Scheme dated 4th September 1998 The Custodian Trustee for the Charity is "The Chichester Diocesan Fund and Board of Finance (InGorpoiated) and has the right to nominate one of the managing trustees. The Venerable Martin Lloyd-williams was appointed by the Custodian TrLJStee as oDe of the managing tiustees for a peiiod of four years from 22r¥l May 2023. 'The Bishop's Council or SLJch other committee for the time being with responsibility for mission and outreach in the Diocese of ChiGhester' also has the ruht to appoint a managing trustee. Reverend Emma Ham-Riche was appointed by the Bishop's Council as a managing trustee for a period of four years from 27rh August 2024. Nominated managing trustee appointrnents are for a term of 4 years but can be renewed. Co- opted manag ing trustees are appointed for a period of 5 years and Gan be re-appointed at the end of a term. Wlere there to be a need for new co-opted managing Trustees these woulol be identified and appoifjted by the remaining Tiustees, The Chairman of the Trustees would be responsible for the induction of atsy new Trustee, which would involve awareness of a trustee's re3pon5ibilities the goveining documents, administrative procedures, the history and the philosophicaj approach of the Charity. Any new trustee would receive a copy of the previous year's annual report and accounts and referred to the Charity Commission leaflet. The Essential Trustee; Vvhat You Need to Know" (on Charity Commission websitp.) Governing Instrument The Revèrend Frederick W Robertson Trust (otherwise known as the Robertson Hall Trust) is constituted by a SGheme of the Charity Commission made on 51h September 1989 as varied by a subseqLrent Scheme dated 41n September 1998 and is a registered charity number 1073473. Principal Office of the Charity Its address is at 30 Bishops Road, Hove, BN3 6PN. OBJECTS AND ACTIVITIES The object of the Trust is to apply the clear income and, at the discretion of the Trustees, the whole or part of the property of the Charity, in furthering the religious and other charitable work of the Church of England in the (fomier) Ecclesiastical Parish of Brighton, St Peter and St Nicholas With the Chapel Royal. This Parish no longer exists and the Trustees have treated the area of benefit as bebng what cornpri5ed the former ecclesiastical parish of Br￿ht0n, St Peter and St Nicholas with the Chapel Royal and paiishes adjacent thereto. Principal and OtherAssets The Charity's principal asset is the f[￿hOld of the Robertson Hall, 35 Ship Street, Brighton vohich was let on a full repairing and insuring lease to Pizza Pilgrims Ltd with effeGt from 3rd August 2022 with a 20 year lease. Pizza Pilgrims Ltd were granted a rent-fiee period Df thrèe months, followed by thiee years at a rental of £55000 per annum, and then an annual rental of £110,000 per annLErh foi two years and rÉnt reviews thereafter The Trustee5 own a leasehold interest in 112 Lewis Buildin9, Ship Street Br￿hton for 3 term of 25 years and 3 days from 7th September 2001 at a rental of£7500 p.a frorn September 2023. In March 2000 vvith a tontribution of £40,000 the Trustees acquired a 17.780/D share in 4 Parochial Mews, èrighton. a treehold property purchased by the Chichester Diocesan Fund and Board of Finance {Incorporated) as a residence for the ptiest who has Particular responsibilities for the hapel Royal, North Street, Brighton. The property is vested in the Chichester Diocesan 803rd of Finan¢e {Incorporated), The Trustees. interest is noted in a Declaration of Trust. The Trustees do not have any responsibility for the maintenance and Ljpkeep neither of the property nor for its insurance. The Trustees do not receive any rent or other payment out of the property, Application of Income The incoffle derived from the lettings plus interest on monies deposited with the Bank and elsewhere is used for the furtherance of the Charrty's objects. Review of the Year The Tiustees met formally four tiffles during the year. Decisions taken outside Nfjeetings ale through email or other communication. Historically the Trustee5 have seen Ft as their major responsibility to ensure the Continuan￿ of the ministry of the Church of England at the Chapel Royal North Street Brighton. The Trustees have alway5 applied a substantial part of the income from the Trust towards the maintenance and upkeep of the Chapel Royal itself and also for the support of the ministry there. Amollg other project5 considered worthy of support in 2024 the Tiustees made Giants to the following: Chapel Royal, Brighton to help Gover the cost of seGretarial assistance. To help cover the cost ol secretarial assistance for St Michael's & All Angels Anglican church within the city of Brighton & Hove. To help cover the cost of secretarial assistance for Sl. Nicholas Angli¢an church within the city of B[￿htOn & Hove To help cover the cost of secretarial assistan￿ for St Bartholomew's & St Paul's Anglican churches wtthin the city of Brighton & HDVe_ St Luke's Advice Centre, which serves the Communty of Brighton and Hove by providing practical help, advice and gU￿ance to people in need_ Turning the Tide, a Christian Anglican charity that provides residential breaks for families in need PUBLIC INTEREST STATEMENT The Trustees have referred to the guidance contairted in the Charity Commission's general guidan￿ on public benefit when ￿VIewIng the object of the Trust and when deciding the charities to which Grants should be made. The Trustees consider that the Grants made during the yeai reflect the aims and objectives of the Trust, and they are designed to provide accessible services and activities that benefrt the public in accordan¢e with its charitable object FINANCIAL REVIEW Financial Reviow of the Year During the year the Trust received total income £65902 (£64248 (2023), mostly from Investment Income from Property Leases and Financial Investments. 11 spent £74524 (£54778 (2023) the majonty of whÈch was spent on grants totalling £60000 (2023 £40000) and Govemance Costs totalling £404, in furtherance of the objects of the Trust The Excess of expenditure over income for the year was £11643 The reserves at the year*nd amounted to £1,424,553. ( £1,438,238 (2023)) Pi//a Pilg)I'ims l..td paid a rcnt rc5erve of £55000 tliai 15 hcld on account Fly thc trusiecs foi" tlic diiraiiLIii ol, Ihc IL'£lSL IoELthLI' wilh aLcrued intLrtbl of £4945 ResÈrves Policy The Trustees, policy is to retain sufficient to meet anticipated needs for the following yeai whiGh include the Maintenan￿ and upkèep ofthe Chapel Royal. North Street, Brighton and the ministry carried on from thére, together with the wider ministry in and around the Parish of Brighton the Chapel Roy31. There was £20402 in liouid assets at the end of 2024. The Trustees Will determine the level of grants in 2025 ensuring that they are able to pay the rent on 112 Lewis Buiklings, and in5uran¢es. The major risks, to which the Charity is exposed, as identified by the Tnjstees, have been reviewed and syslems put in place to mitigate those risks. The Trustees do not employ any staff. As to the properties owned by the Charity professional advisers are employed to advise thè Trustees as and when necessary. Insurance brokers ale employed Io ensure that the properties are properly and adwu8toly insured l)iilcd. 2025 (C'hdinnan of'irustees) JAMLS GROVE.'S Independenl EiamAll¢T'3 report to tht Trustees of ReverÈhd Frederick W Robertson Triisl I report on the actounts of the Trust for the y¢ar end¢d 31° December 2024 which are set out on page& 6 to 10. Respeetivt. rtSPOnsibilitie% ot. the Trustcts and the examiner The Clianty'5 Tnjstees are r5ponsibl¢ for the preparation of the accounts. The charity's trustees COT15ider thEtl an audit is not requiied t-or this yeaT under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent ex&mination is needed. It is my re%ponsibilTty to exatnirte the accounts under section 145 of the 201 l Act to t'ollow Ihe pi'ocedures laid down in the general Directions giveii by the Charity CDmmi)SlOn under section 14fj(5.Kb) of the 2011 Ac¢ and to state whether particular matters have come to my attention, Bnsis of iiidependent examiiier's report -my Examination was Garri ed out in accordance with the general DirectiorAS given by the Charity Cc¥sninissinn. An exainination includes a review of the accounting records kept by the cllarity and a ¢OTll parifon of Ihe a¢¢ountS PTesented with those records. It also includes consideiation of any unusual iteins OT disclo,sures in the accounts. and sceking ex.planations frorn you as trustees concernino any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit and consequentEy no opiniorA is given as to whether the accounts piesent a'true and fair view" and the report is limited to those matt¢15 set out in the staten]ent below.. Iiideptriident eianiiner's stAtemoiit In connection with my examinarion. no matter has come to my attention" which gives nie reasonable Cause to believe in any material respect the trustees have not Met tlie requirements 10 ensure tl)at'. piop¢r accounting rocoids are kept in accordance ￿V1th section 130 ofthe 201 l Act, or aLcounts aiL pr¢parod which accord with the accollntillg recoids and ¢OTnply with the requirements of the 201 l Act to whicK In my opi nion, attention should bc drawn in order to enable a proper LLnde[SL￿dI￿S of the accounts to be reached. .{si￿¢d) ?_ 1. 4 2i,IS" (dated) Jane Lyn¢h FICB B¢nrose Bookkcxping O l Loder Road Bii hton BN ROBERTSON HALL TRUST STATEMENT OF FINANCIAL ACTiifiTIES FOR THE YEAR ENDED 31 DECEMBER 2024 TOTAL Unrestricted Restricted Endowment FUNDS Funds Funds Fund 2024 TOTAL FUNDS 2023 Notes Incoming resources Appr￿latIon of Propertie5 on Revaluation lrtcothing Resources from Generated Funds I ncome frotn investments 56.261 3,021 59.282 Incoming ResourtÈs trDm Charktable Acts"vities 2b 6,620 6,620 6,062 Total incoming resouictrs 62.881 3,021 65.902 63,430 Rpsources expended Depreciation of propertltrs on revalauation 1,fA1 Rental reserve tosts of ge￿eratIng funds Fu nd-raisirbg Lrading costs Chariiable Activities GoverDance Costs Total resource5 expended 3a 14,120 60,000 404 14,120 60,000 404 14,380 40.000 398 56,419 3b 74,524 74,524 Net incomingl{outgoing) resources {11,643) {11.643) 6,062 Tot81 fLFnds brought forward 20,705 1,415.491 1,435,196 1,430,134 TDtal funds earried forwar 9,062 1.415.491 1424,553 1,438,196 The rkotes in pages 8 and 10 form part of these financial statements Page 6 BQBERTSON HALL TRUST BALANCE SHEFT AS AT 31ST DECErrtBER 2024 Noles UnrEStrictèd R*striGted Endtsvdrnent Fund Funo Fund 2024 Tot Z023 Total Filed a95EtS Inta ng Ib￿ asse lTrveslrnents 1,415.491 1,415,491 1415.491 urrent assets btorB Short teim Investrneknts Bank AGCOLFnts 1 ,729 89 20.402 22.220 1,729 6Q,034 20.402 2.261 57 008 32.049 91.318 59.945 1.475,436 Creditor5'. amounts talllry due within year 13,158 59,945 73.1D3 70.613 N¢i ¢tsrfvnt assgts 9.Q62 9,062 20.705 ASSETS 9,062 1,41 S.491 1.424,553 1 436,190 Funds gf th* charity 9.062 1.415.491 1,424.553 1.436,19ts TOTAL FUJ4DS 9,062 1.415,491 1.424.553 1.436.196 The notss pag8s B to 11 form4ari ol these accounts Daiod (6(z ApF)rove Dated A¢proved Dated ApprDvra Page 7 ROBERTSON HALLTRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accounting policies Acctsunting tonvention These accounts have been prepared in accordance with Accounting Standards and Accounting and Reporting by Chanties - Staternent of Recommended Practice {FRSSE3 8nd the Charities Act 2011 The accounks have been prepared under the historical cost convention except for the valuahon of Ireehold land and building which are shown at market value. b Fund8 accounting Unrestricted funds - Comprise those lunds which the trustees are free to use in accordance with the charitable objects Restritled funds -Are funds whith only bè usèd for parb"cular purposes within the o bjecl cf the Trust, Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. No fvnds have been presently so designated b the Trust The Endowm8nt Fund represents those assets which must be held permanently by the charity, principally investtnents. Income arising on the eridowment fund can btr used in accordance with the charitsble objects at7d is included as unrèstricted income. Any capital gains. or losses, arisin9 on the investments form part of the fund. Investrnent management charges and legal advice relating to the fund are char9ed against the fund. c In¢oming resources Voluntary income and eapital sources Income tax recoverable on covenants or gtft aid donations is re¢ognised when the income is recognised. Other ordinary income Rental income from the letting of premises is recogniseL1 when the rental is due Bank interest Bank interest is accounted for when receivable d R&sources used Giants and donations are accounted for when paid ovef, or when awrarded, if that award create5 a binding obl igation on Ibe TrLast e Fixed Assets Land antl Building5 Fixed assets investrnents, Including Investmenl propety. are included at market valu2 at the balan¢¢ she¢1 date_ Any gajns or loss on revaluation is taken to the Staternent of Financial Actsviiies (SOFA) Page 8 ROBERTSON HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TOTAL FUP4DS 2024 TOTAL FUNDS 2023 Unrestricted Restrittèd Funds Funds 2 Incoming resources Prorn Geneiated Fund3 28 Investment Income Rent Received - Lease5 Insurance Commisslo Interest on Investments - Deposit CBF Current account Intèrest Dividend I ntÈrèst on Renl Deposit 55,OGO $5,000 55,000 565 37 1,219 37 1.219 43 3,021 3.021 1,767 59,282 2b Incoming Resources from Charitable Activities Insurance Reimbursernents 6.620 6.620 6,880 6,620 6.620 6,850 3 Costs ol GènÈrJting F￿ndS 33 Fundraising Trading: Other Cost5 Rent paid Insurance costs 7,500 6,620 7.500 6,620 7,500 e,880 14,120 14,120 14,380 3b Grants Brighton P8rish, Chapel Royal St Michael & Ali Angels and Sl Paul's & St Bartholomew'sBrighton Sl Luke's Advice Serrfice St Nicholas. Brig hton Turni ng the Tide 30,000 6,000 6,000 6,000 6,000 6,000 30,000 6.000 6,000 6,000 6.000 6,000 20.000 S,ODO 5,000 5,000 5,000 60.000 60,000 40,000 Page 9 ROBERTSON HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3 Resources ¢¥pended TOTAL FUNDS 2024 TOIAL FLINDS 2023 Unrostricted RestTided Fund6 Funds 3¢ GovemanGe Costs Business RatÈS Profesional lÈ@s Bank Chorgos Accounbng Independent Examinats"on 79 325 404 73 325 398 325 d l Dtanylble Fiy9d Asseis 2024 2023 Investments Fr￿0hold Property Robeilson Hall, 35 Ship StTeel. Brighton st vgiualion Share In Property 17_7EI% Share in 4 PBrochial Mews. Brfghlon at valuation 1.250,000 1.250,OOQ 165,491 1,415.491 185,491 1,415.491 The pioperti2s are incfuded ai Trustee valualigTI, Freehg1¢ Of the Rober150n Hall. 35 Ship Slreel, Brighton (Pieviouslyy let on a lull repairirtg and IT15uring lease to Procook