St Peter's Canary Wharf Trust Report and Accounts Year ended 31 December 2022
ST PETER'S CANARY WHARF TRLIST COMPAJ4Y INFORIIATION FOR THE YEAR ENDED 31 DECEMBER 2022 Tru$15 Mr M Evans Ms A Garrow Mr B Gardiner Mrs R Lewls Mrs JY H8n (Appointèd May 20221 Mr3 T Wilson IAppoinled February 20221 Company S•¢r•tary Mr M Evans Key Mornber of Staff Rev M Nodder Gov•mlng Doeumènt M&mor8ndum and Articles ol Assodatlon 22 August 2002 Company R•gl$tratlon Nnor 04S17392 Charlty Reglstratlon Number 1096848 Prln¢lpal PAldress Sl Peterfs Barge West India Quay Hèrtsmgre Road London E14 4AL R•glst•r•d Offl¢• Sl Pet¥$ Barg0 West India Quay Hèrtsmere Road London E14 4AL Independent Examlner Lisa Darby, FCA Sltrwardshsp 1 Lamb's Passage London EC1Y 8AB
Bank•rs National Westminster Bank pk PO Box 282 216 Bishopsgatè London EC2M 4QB CAF Bank Ltd 25 Kings Hill Avenue Kin9s Hill, West Malling Kent ME19 4JQ Contents Company Infomatk Trustees, Annual Report Independent Examinels R8port Stat$m8nt of Financial Activities Balance Shègt Notes to the Accounts Detailed SOFA P•ge 44 10-17 18
ST PETER'S CANARY WHARF TRUST TRUSTEES. ANNUAL REPORT (INCORPORATING DIRECTORS. REPORn FOR THE YEAR ENDED 31 DECEMBER 2022 The Iruslees, who are the charily's dlr8etors for thè purpos8s of company Lqw. have pl8asur• in submtttlng th8 ObJèets of thg charlty Thg charity is a charitable company registèrad wth the char&$ Commisslon- charty numb8r.' 1096848 and is govemad by its rnemorandum and articles of association. The objects of the charty. as 3el out in the 90veming dUment are the advancamant of thè Christian Farth in London, England and particulady in tha Canary Wharf èstate within the London Borough of Tower Hamlets. The Christian Faith. is defined within the Artides of Associaiion as the fundamèntal truths of Christianity ravèaléd in Scripturè. Trnduding those confirmed by the ¢hurth's hi31oric catholic creeds and the Thirty Nine ArtiCS of Religion of the Church of England. Summary of th• eharitrfs maln Jctlvttkns To further the above objects and vlsion, the charity's main activities has been the provislon of a meeting pla¢e for a Christl8n workplaee ministry within the Canary Wharf complex in London 8nd a Sunday church for those living in the wider Docklands area. St Peters Bargè Is in hè firsl place a Chiislian centre for the 120,000 working in Canary Wharf. It aims to encourage and equip Christians who work In the Wharf to livè out their farth in th& workplace, and to prtsvid$ a r&lax8d and unprgssured enwronrnent for those who are not Chiistian lo investigate the claims of Jesus Christ. There are wegkly lunchtlme BSble talks, biblè study groups. and a course for enqulrers. as well 8S OPPOrtuniti98 to mèÈt to tal( one-toryone. Sl Pelerfs Barge also holds special guest events to enable Christians in Canary Wharf to Invlie thelrfri¢nds to hear the Chrislian good news, ask questions and discuss. The bcation and venue make it especially attractive for those who may be put off by a more tradonal ¢hurch. In addition to the mioweek work there Is a Sunday cOngregatn focused on reaching out to friends and the eommunty in this thriving and ever4leveloping part of London. The Sunday church has a congregation of about 100 adults And 30 childr8n Meeting al church $8rvic8s on Sunday mornings, and forgroupB and actiwlies during the week. Income is raisad through thè Company In Ordèr to fund this work. In plannlng thg 8etNitiè$ th& TNstee8 have applied the guidance on public benefit issued by the Charity Slru¢tur•. Govwnanc• and Management Responsibility for setting policy and for detemiining the parameters wthin which the charity should operate rasts with th9 tru$lees who monitor ihe activities of the charity. Responsibility for the day lo day operation of the ch8rfty has bgèn d818981gd lo a senior management team led by Rev M Nodder. New Iruslees are recrurted and appointed by the exi8ting trustee8, by a maprity vote.
Flnancial rgview During the year income dècrea58d by £51.286 to £323,618, and expenditure decreased by £10,145 to £334,607. As a result total funds for the year decreased by £10.989 to £295,305 and the charfty's net 8ssets decreased to the same ligure. Nst current a$$91$ increased by £3.211 to £185,285. R•s•r¥• pollcy The trjstees have detemilned that the charity should airn to hold unrestricted cash of no1gSS than £84,060 {which equates to about 3 months, ol unrestricted exp8nditur8150 that the charity could continue to oper819 should income and l or expenditure vary adversely. At the year end. the eharity held unrèstrictsd Cash of £180,112 and th¢ charity is complylng th ts res&Nes polw. K•y rlsks and uncertalntl•$ The charity is axposgd to various risks- be thay opèrational, financial tsr reputatnl. The trusteos rsvi$w thg charitls activithes to idenlfy signrfiranl risks and. where possibl8, they take appropriat• m8a8ure$ lo mitigate those risks. Re5ponslbSllU•s of tru$ts¢s under conyany law Th& trustees are responsible for prp8rin9 the tnJstse¥' annual report and the financlal statgrnents in accordance wth 8ppli¢able law and United Kingdom Accounting Standard8 {United Kingdom Generally Accepted Accounting PYad¢el. Company law requlrgs the trustees to prepare finanaal statamènts for èath finanrial year which give a true and fair view of the state of th aff8i13 of the charitable company as at the bal8neè sh¢•t date and of its incomlng $ourc•s ar application of restsurrRs, including income and expenditure, for the flnanclal year. In preparing thaso flnand81 $latements, the tnJste&s ars r¢qulr¢d to.. 1. selèct Suitab accounlirhg policies and apply them consistèntly,. 2. observe the methods and principles in the charits SORP., 3. make judgements and estlmalgs Ihyl are reasonable and pwdent- 4. state bvhethgr the applicable accountlng standards have been folbwed, subject to any material doparturtr discloseil and axplained in the financlal statements.. and 5. prepare the financial stslements on a going concem basls unkss It Is Inappropriate to presume that the ¢h8rty will continu8 in op&r3tion. The trustees ars resptsnsib for keeping proper a¢counting records that disclose with reasonabla accuracy 81 any time the fi'nan¢ial position of the charitable company and enab them to ensure that the finanaal statements comply with the Cttrnpan Act 2006. They are also responsible for saf$guarding the assets of th$ (*aritab company and here for taking rea80nable steps for the prevantion and detectk>n ol fraud and other irreoularities.
Approval This report, which has been prepared In ac¢ord8nce th the provlsions of the Compankrys Act 2006 rèlaUn9 to small wmp8nS, was approved by the trustees and $Jned on their behajf by= Marcus Evan$ 2023
INDEPENDENT EXAMINER% REPORT TO THE TRUSTEES OF ST PETER'S CANARY WHARF TRU rth• Comppny'l I rawrt to th8 ttharity tnJste8s on my oxamination of thè a¢xounts of the Comp8ny fc¢ the yeaTendBd 31 Dertmber2022 M p8ge5 8 to 18 fdthMrE, thith hHve b88n prBpar&J c¥) ba801 ac(ountlr p¢Ald¢s set (xrtffi PBgo$ 10 to 11. RupDn•ibilities btslB of report the thoritystwstee8 of the Cc¢npany larKI algo sts ditetttys for11 putPO8e$ of eompany lawl you are responble for ts FY8par8Uon of thg aco)unts In 8cefjrdor with tho rory¥rwn0Dts of tt compani Act 20( (Jh8 2006 Act). Hwlng wbsfied mysdfthwtthe ¥(xxJunts oflhe Company OM rnt r6qulred lo b8 8j1 Yer Part 16 of ts 2006 Act ar are elig1b for indepeent exornlnBtI, I report in r6yctof my oxamlrwllon of yowtharity'$ a¢&)uN$ as Caled out under seiaion 145 of the Chariles Att 2011 Ilhe 2011 Act'l. In c4ryiry out rny examlnatkin I have lollryopd th& tho Chgrfty C¢mmls8IJn uThJ6r seclon 14qbl Ibl of the 2011 ACL Indynd•nt•Mrnln•rf ¥t•tsm•nt Sin( the C(xnparrfÈ gr055 inc4)me exrded £250.000 yow examlner must a member of a bo Iled In secion 145 of the 2011 Act. I c4)nfirrn thet l am qualffi6d to und6rtak8 the 8X8m5nati b8W88 l am a m8mb8r of Tha Instu1•0f Chartered AccDJntanis kn Eng ond Woles, is of I Istgj bodie8. I hgve wmploted rny examlnfition. I Confi that no m•tters hove uJm8 to my attantlon In c))nwAon Iwth fv examin8tion g5vi me cause to b8lwo'. 1. accoor9 r8cord8Mre not kapt In respeci orth8 Company requlred by se¢tK)n 386 of th8 2W6 Ad., or 2. the acmunts do not accord thse rerdS.. or 3. the 8ccounts do not comply ¥th the aco)LmUng requlrements of K)n 3 01th8 2CQ6 Adothar Ihan any requlrement that the accounts 9lve a'tr and fair viewwthich is not a matter cowdwed os part of an irvJependrtexaminBbon,' or 4. the 8¢N)urts h8ve nDt been prppered in 8c(then( vath Ihe methods and prfnc4pley of the Staternert of R8comm8TrJed Practice for8ccountlng and repon9 by thgrfts gppll¢xble to thariti&8 prtpari thdr acc¥)unts In actsant th8 Fhnc481 Repo1V StsTrJard applic8t4e in tro UK 8rKI Republi¢ of Irel8rKI IFRS 1021. I hav8 M c4JnM5and have come srmss no oiher moltor5 In meth0n YAith fv examlnaucffj to attantion shoLdd ba dran in thls rawjrt In ord8rto a prwr und8randirvJ of th• aro)untsto b• reached. Lisa Darby 50 Darby, FCA Instftule of Charter8d AttoJntant8 Entyand and Wales SlvAprd8hlp 1 Lamb$ Pa8sgge Lorlor5 EC1Y 8AB Date.. 25 Setptember 2023
ST PETER% CNNfvAY WHARF TRUST STATEMENT OF FINANCL4LACTrrfrrES IKLUDWG INCOMEAND EXPENDtruRE CouNT FOR THEYER ENDÉD 31 DECEMBER 2022 Tot81 FuTrJ8 2022 Total Fd$ 2021 FurJ8 Fd5 INCOME ENDOWMEMTS FROM.. DwtK)ns and legades Chwllthe a¢U¥tr$ 309,740 10,857 360 309.740 13,498 380 373,652 1.230 2.641 Total kncomo and •Thd¢n 320,977 2,641 323,618 374,904 EXPENDMJRE ON.. Charttab$8 ath¥es 331,966 2,841 334.807 344,752 Total exporKlltur• 2,641 334.607 NÈt kn¢0mpondllrO) 110,9891 110.9891 30,152 Tr•n&f•rn bthfftftfund# 13 110,9891 10,9891 30,152 Othor r•cognLwd galnsllloss•sl: Gall109$esI on rewdluatK)n olfwd a55ets N•t mo¥om•nt In 110.9891 110,989 30,152 Rgeon¢lli4tSon of fvnds.. Totsi fvnd5 iww9htford 304,759 1.534 3(293 276,141 Totslfund# carrfod for•vd 13 1,534 ftndkng D¥ferenc88 of tl mayapFearkn Ihese accourl8 The atsm¢nlolfinanwl A(0¢5 irKJwle5811 8$ and Ios8e8 re0)gn In thfr. JI In¢¢me and e¥ernlJre 08rfvo fr•m ¢Iln0 opewK)ns. The atementoffinanrAal athiwaly> cJMpls%ththe r6quhmant8for an trmmesnd yndurn a¢TrI roqutred bythe Cc4mpanksPL12CpJ6. The noté8 on pooe$ 117 fomi part 0fth arK(xJnts.
sTPETER'seMY I•lTrLWTRUST BAL411CE $Er ASAY 11 OÈCÈMBER 2ty22 FuTvh FWEDA¥8Ef8 405.694 405,694 430.fje4 405694 405694 2&fj86 181.616 25.814 19S.$91 Cwh aiknkaThJin 19 180.112 1J34 209.157 210.691 221.728 CREDrroRS: •JnwDtafalknq du• whhln on•yw 124C6} 125.4051 139.8541 189 182074 134 590,978 612.758 CREDrroRS.'JNuntlany th1• 4ft•rfibJr•thin on•yHr 1296.674} 1295.6741 {W6.4641 FUNDUL•JieEa Urttstrlcl Funds 13 293.7T1 293.771 304.769 De&bJD•Jfvnd5 293.7T1 293.771 304.759 Thechcarnpsryts towOknfr¢Mwd#underSe¢tkn477dtrCompthe4Ac126rc¢trWwthJ 31 3e6wl 387rlthe Cc4npwkAct uffi Ib} rlthe ¢ha1tA•¢¢MWy88th 89sdh l%-S tJts2.3 Q4517392
MQTESTOTHE IttOUNT8 FQR THE YEPR ENDED 31 DEcBER3022 c•tÈ•Jdie55 rAI IhoCcqnpwrylnfth p¥. 2 £¢ourtllr¥ RprytsrwJ by Chue5 piyiwthelr cwTrtS il &oxdai¢èlththe Firthtièl stAnLd the UK8nd Rewblt dlrthd IFRS 1021 Qhertkn SORPI. hthe Fknaicla Rn9 st&1 thè UnW aid Rewt4kd IFRS 102?. %h thgcrynw¥ACI 20C6 ththeCthiiwAct2011. rneets dthljon (IA bèfrt )tityag $Èt¢xrt FRS 102. ihegthg corKem b05& caSt ¢%>Jbt c ihe<yOflchJty toe£&1 È9(VJ hwg at IwtL pr(¥BE1kn5 aidthe $hId knettneAndlar &re¥Yur1. tru$tWs I{1•[. Thgthwity thw¥tyècoitinues to•pt Ihogc4ng l¢¥n In flrAicklslBtemerts. bl In IrKome IrKlUdlwlnbi Itwnorj ill thh Ihgthwily erlwlo re¢p1. rec¥¥ed. In¢rmèL% tdÈfrad wthn ttrehity tolfiredinl bth D Repth4ratyft . %¥kwEh thornedth ts recj. h05 tythe bAsh¥t9 as adth. IIx598W¥K05 ha5 In¢j In I stBtth)8nts bfrrdw mètturl. EXpture. lThwMrthVAT, i4 r&wrdspA thI kncm1 tr, 183, Ith 8 IW¢Y a ¥4Ee6 thAI Thgthty rneo grt9 rAhw ddUaLl tofufihèr ks thgritd)bi4th. Gtii¥ chwity. ¥¢thnts. indLths crrfts with the kndwdenIex¥nknBtW cl the staemvth, C(xnpIawAh t(mlh 8taivW rrywepnwts ycerwth1uT*lncu the slral8glc rnplWnenI ¢harty. io
dl Fund Gwdfund5 ¥e rtra0fllrtd% us9 In fvrthwaice rflhogw oleclfves dth&chArty. DeshJnd lutwjs e¢ynptthÈuntE5trthd that hkn bqnèt klB byth&trusle•s ts partku puwes. Restrthjfunds qrèLknthcrnwhkh areto ba uo•J In d[xrd¥YAth wh1¢ r¢stricll bydK¥.' lkTht the tokn&litheehity(NÉr is astr41 $0 •5 t0¥wIte(hth0 to fts resk1 BATge Flat BargeirK. rofuth6I tY 20 yeu8 LM5es do trAf8Ub9tlWw vjl tkn i&k9 rA(wmètsh¥>tothèchty¥è t191 ¥B kn Inowdenl d$. h) Pty8bkn ThBchwity exeThplbX conlerw& bYthoChwlli soRPd hu TrJt &c•èhlThw$ltsnw 11 In Fwepanry fhBn¢NI statemtSeIllld9thM. ÈStinAto1 mthlh tnts rwrlsed kn thfln¢ SteM. Thètrustaès C102r1hfCIN ttsbèsWhl¢¥". il ThgJMu pkniand equPgmt b 9to¢hry9 85tlm&05 uerea556•J then rox5s. ElIusl0Th ThechBfftls as$¢¥ 4lquthfy w bas¢11 ir¢tNThts. % rffjd by FRS10Z. Eywltr crS dÈbt(rfs dre m&&ur& atlhryr¢ypErW In(wrr olcash IW tre chwlly ewl8 topayu recthol. Thèchwty 14)llillts thVpT1tirl orf e1thatrrth J1$ldI7gg1l end li.¢. lnfuiuoyl. Dcnthn6 ofwh slm 259.114 50.626 3. 69,0 41,540 37 li
13.029 470 ¥121 380 6 Clwbbkn•yndhw• • ¢oJts Incwr•d dlr4¢ttyon 198.318 28.743 14.815 24.878 208.231 29.761 1.987 24.19$ 34.446 Incrtekl Si PÈtgrf¥ BBrg6 tl&4ts Prcpty Purthaa C(tts 6.283 273.475 b C¢ts on wpporf & •thnlthraiion 2.358 11.044 6.0 Z.124 6ZJ8 4,312 4253 IUldn¢& Sl Pews 8¥g8 rAn¢è Sl Pew5 8¥ge mlrdSlryLtsIB Equiwnwt Bk charuo 4.61 5.01 1.W9 26.014 81.132 21,023 T•tsi•xp•ndttLY• 334.60F 344.752 £1.750 phJsVAT 12W21.. É1.584 VATI * 01$¢(18. thecctdW •k1 tru¥t 50.312 80.450 SlFA se¢uAty crAI$ st4ff 5,$62 8,283 e1.Y95 21M.801 70,721 Z09,401 The dLvty the>w wx412021.' 41. 1 dthèchwW& t*r1% byKhJntews. LZ
Twocl We W lh9h lth Londcn DbXt4 pHQnts to HMRC. W)BB IrAd tythè DKw•dL¢thl 2&168 31.200 762 10.[0 2,142 70.128 28,014 31A LhfeinsurwKfj by ltyfrDk d LoTrknil Gkn Ipdd byth&DkX49èdLthl NIC Ip by the 10.1 70.128 ¢ Gr•rrt¥ plly•bk Gr6 fLY UK& rth8k Grts fty Iher4f(I txhty 24743 26,743 29.T81 29,761 Grts fty 29.761 29.761 h•iis tr>kn5tiLrtthB 21 ¢r(Jè8lFiks 7.2 2.250 Dh GcWTNsl ¢ty Th15 ts Grv*TH Ud Th? ryTr1 1.062 2.6Q8 fj.1) Gths tolrffjtbJ15 £1.COJ elth 4SO 13
BDrpJ& 8t•ff HL¥JS0 Equtynt Al l Jwway2022 dlkng Gdn$ I Ik8ts1 P0kychmvXt At31 Dt2022 38B.388 385,WO 774.411 Ai 1 Jalu2022 Chargefrf Iye 541.11h) 19,419 342.704 26.014 205 A131 2022 Net vdL Al 31 2022 27,869 377.( 819 405,694 At31 47.288 383.396 430,684 SwtthMbÈr 2021 thèTrv$tg8s Jwiyrtycffj Sl Pws ChrTKt tsrJ85.WOtr Tre prcpffj¥A4 purch&58d thrw hdd by St Pews (151kl. dcrths1£50tt IrKIWJ gltabyl. iae •]uty Kilh It £178KI I£IOOKI. 8 Book •ll 2021 360 323 2022 Taxrwmab Rert dwit5 12,e69 5.100 4,275 6,642 14,492 S,1 e,221 25.8 10 C4•h•t In H•nd eè5h ai b41 181.349 29T 1.455 136 11 IWt¥faWty on•y4ar 2022 2021 3,074 24,114 ru 9.050 1.679 12,486 14
2022 21,763 17&1I)0 9&911 31,783 178,OC 9S,701 Tétm R8lw Nolnlwest kn FbceGreJt St Truul Ihwe repayrffjt des6t. TheavJUn] llbFryd rf. rflhelTWteBS areoflhoirywi. Ihwe we sufftxntreswvaslo tthE itr ]he Trust IvfjffKtWfvKlthw dtheTTUSt The * ha>2 k4n•knllh Vd$9kn Hwylrvj sb2o2l torffilrfbuieto purch clthe B2rgafiat.' L(w 1.. £W.(W 1% alr 2." t8&.(KX)fwl r9 k. 1% inlw98t re pwdrn(xthy. Chw ¥è p•d $,. thè Irkn fsl dltr 27th sb2026 thè nBfftl tobe r&finaJ. Bcth hxis ¥tth Hskn9 8Yegrtur&1 by a kn3BI chwge lththe firk11q WcheTgehebY by R¢leFw Bwkl. Th• 5ur•tM kn fxltyvthh 8¥d£100.OWwas OD 291h SeF4wnbw 2Q2110 to dtheB¥ge fl. The byaflrst rwkkng Wchwpn511he prwty. Thrytsc1liyh ofwlrepwnw dat¢(rf30th Septber22S w onnud reof3% l>AB8 rkn. Thè knan il tnryitw thB LrwJ o2Sy&ÈrsthwJU. tho bkne dBiètho kntw&t rth WAB 8% 13 r¥Jth thè In fdbJJ4'. Cbxl resr¢05 Inthfr Chthy Awed {ukrthed Gth 304.7Sg 319.897 1330.9861 UnroJtrknFurth 304.759 320,977 1331.9861 Bary• rnus ll1pn* Chrftstmas by wkrtqr Er SuFWt 1.2) 334 2.641 2.6411 1.534 2.fj41 12.6411 .293 323.118 1334.6071 15
IJ FLryJ• of nDI al1 by twd fu¥ 2022 Js58ts 405.694 405,694 2& 181,6 12s.4) P95,6741 C8sh Èt Inh¥K1 ¢itr f21iw dupknllhln oneye ¢itCE aftercrywr 180,112 I25.4) 1295.6741 293.711 in IhBchvWs fvThYs OP9 Tr#f •Jd ¢tsi 2021 2021 274.607 324.417 I294.> .759 Tatd UrrfeBtrte FuTrJs 274,607 324,417 M,759 Buge rn¢ 1pment Chrknim8s ft% W$ Pureheof g&F 150.4e81 50,489 Y4.753 ofnD1a* by fw trk FUNI R851rict¢d furth 2021 4.664 430.fj84 323 25.814 195.591 139.6541 I3.464) 25.814 194.0S7 139.6S41 {3(6.4641 Cash at b&ik ITr h&id 301.7fy) 1.534 306.251 16
14 Commttm•rt• RwTrus1. 1.499 20,400 22,100 DthEYWthB ctrthltyw65 £1.49912Wd1.' £1207lfty Is rwalkng Thenu ccffjmlJn M in reBpxtdi fveyew Chkn2018 toSeptwmbor2023vAh R 2021 ¢c¥r¥JmfCthD Mknlstwsd Sl PW$ 56,B57 (rf.. 111 knosè¥Ath kh c<fflmmcedknJuty2W21 h&5 to $1 2024. rofet0 n rths 11 & 12fdIdkn rPrnt Ay fthts. tbY 2Q21 10.0 159.783 1.612 .911 12.488 274,T01 31,T63 295.674 o} ReCej £31,0 P021.' ,475)fr¢¥ThrJ IwNth thedè#trt&è*. rf 17
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