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← St. Peter's Canary Wharf Trust

2024-12-31-accounts

St Peter's Canary Wharf Trust

Report and Accounts Year ended 31 December 2024

ST PETER'S CANARY WHARF TRUST

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Mr M Evans Ms A Garrow Mr B Gardiner Mrs J Y Han Mrs T Wilson (resigned 5 June 2025) Mr M Choi (resigned 25 September 2024) Mr S G Eu (appointed 25 September 2024) Company Secretary Mr M Evans Key Member of Staff Rev M Nodder (until July 2025) Governing Document Memorandum and Articles of Association 22 August 2002 Company Registration Number 04517392 Charity Registration Number 1096848 Principal Address St Peter's Barge West India Quay Hertsmere Road London E14 4AL Registered Office St Peter's Barge West India Quay Hertsmere Road London E14 4AL Independent Examiner Lisa Darby, FCA Stewardship 1 Lamb's Passage London EC1Y 8AB

1

Bankers

National Westminster Bank plc PO Box 282 216 Bishopsgate London EC2M 4QB

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ

Contents Page
Company Information 1-2
Trustees' Annual Report 3-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-17
Detailed SOFA 18

2

ST PETER'S CANARY WHARF TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company registered with the Charities Commission – charity number: 1096848 and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are the advancement of the Christian Faith in London, England and particularly in the Canary Wharf estate within the London Borough of Tower Hamlets. "The Christian Faith" is defined within the Articles of Association as the fundamental truths of Christianity revealed in Scripture, including those confirmed by the church's historic catholic creeds and the Thirty Nine Articles of Religion of the Church of England.

Summary of the charity's main activities

To further the above objects and vision, the charity's main activities has been the provision of a meeting place for a Christian workplace ministry within the Canary Wharf complex in London and a Sunday church for those living in the wider Docklands area.

St Peter's Barge is in the first place a Christian centre for the 120,000 working in Canary Wharf. It aims to encourage and equip Christians who work in the Wharf to live out their faith in the workplace, and to provide a relaxed and unpressured environment for those who are not Christian to investigate the claims of Jesus Christ.

There are weekly lunchtime Bible talks, bible study groups, and a course for enquirers, as well as opportunities to meet to talk one-to-one. St Peter's Barge also holds special guest events to enable Christians in Canary Wharf to invite their friends to hear the Christian good news, ask questions and discuss. The location and venue make it especially attractive for those who may be put off by a more traditional church.

In addition to the midweek work there is a Sunday congregation focused on reaching out to friends and the community in this thriving and ever-developing part of London. The Sunday church has a congregation of about 100 adults and 30 children meeting at church services on Sunday mornings, and for groups and activities during the week. Income is raised through the Company in order to fund this work.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a senior management team led by Rev M Nodder. New trustees are recruited and appointed by the existing trustees, by a majority vote.

3

Safeguarding

With regard to the trustee’s obligations to safeguard children and vulnerable adults, they confirm that they have complied with their duties in accordance with the charity’s safeguarding policy.

Financial review

During the year income increased by £79,406 to £402,967, and expenditure increased by £38,656 to £388,340. As a result total funds for the year increased by £14,627 to £283,808 and the charity's net assets increased to the same figure. Net current assets increased by £17,912 to £190,606.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £97,466 (which equates to about 3 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £215,310 and the charity is complying with its reserves policy.

Plans for the future

Rev Marcus Nodder who was Senior Minister at St Peter’s Barge from its establishment in 2004 has resigned from the role after 21 years’ faithful service. He will begin as Vicar of All Souls Church, Eastbourne in September 2025 and his last Sunday at St Peter’s Barge was in July 2025. Marcus Nodder was warmly thanked for his excellent service to St Peter’s Barge by the Trustees and Elders who are now actively engaged in recruiting a new Senior Minister. In the interim period, the Assistant Minister Rev Callum Ellwood, the Lay Elders and Women’s Worker Fiona Robb are continuing to lead the ministry, supported by volunteer Deacons. The intention is to continue following the pattern of mid-week and Sunday ministry established under Marcus Nodder during the “Inter-Regnum” period and for a new Senior Minister to be appointed in 2025 to begin work in early 2026.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

4

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures

disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Marcus Evans

Marcus Evans (Sep 12, 2025 07:21:34 GMT+1)

_______ Marcus Evans Sep 12, 2025 Date: _______

5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

ST PETER'S CANARY WHARF TRUST ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024 on pages 7 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

Lisa Darby

Lisa Darby (Sep 15, 2025 14:19:43 GMT+1)

Lisa Darby, FCA The Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Sep 15, 2025

6

ST PETER'S CANARY WHARF TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income and endowments
EXPENDITURE ON:
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
378,855
11,632
2,479
10,000
402,967
388,340
388,340
14,627
-
14,627
267,647
282,274		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
1,534
1,534		 Total
Funds
2024
£
378,855
11,632
2,479
10,000
402,967
388,340
388,340
14,627
-
14,627
269,181
283,808		 Total
Funds
2023
£
309,430
11,959
2,172
-
323,561
349,684
349,684
(26,123)
-
(26,123)
295,304
269,181

Rounding Differences of £1 may appear in these accounts

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 9-17 form part of these accounts.

7

ST PETER'S CANARY WHARF TRUST

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Stock
9
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
13
after more than one year
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds

£
364,636
364,636
-
34,283
215,310
249,593
(60,521)
189,072
553,708
(271,434)
282,274
280,274
2,000
282,274
-
282,274		 Restricted
Funds
£
-
-
-
-
1,534
1,534
-
1,534
1,534
-
1,534
-
-
-
1,534
1,534		 Total
Funds
2024
£
364,636
364,636
-
34,283
216,844
251,127
(60,521)
190,606
555,242
(271,434)
283,808
280,274
2,000
282,274
1,534
283,808		 Total
Funds
2023
£
379,679
379,679
371
20,122
178,436
198,928
(26,235)
172,694
552,373
(283,193)
269,181
267,647
-
267,647
1,534
269,181

Rounding Differences of £1 may appear in these accounts

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

----- Start of picture text -----
Marcus Evans
--------------------------------------- Marcus Evans (Sep 12, 2025 07:21:34 GMT+1)
Marcus Evans
----- End of picture text -----

Date: _______ Sep 12, 2025

Company number: 04517392

Charity number: 1096848

The notes on pages 9-17 form part of these accounts.

8

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income from donations includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other activities.

Investment income represents income generated by the charity's assets and includes income from bank interest.

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

9

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Barge Flat 60 years
Barge inc. refurbishment 20 years
Fixtures, fittings and equipment 5 years

f) Leased assets Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

g) Pension scheme arrangements The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Exemption from preparing a cashflow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.

k) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

3 Donations

ations
Donations of cash and similar
Income tax recoverable		 2024
£
321,177
57,678
378,855		 2023
£
259,884
49,546
309,430

10

4 Income from charitable activities

Church retreats and events
Book sales
5
Investment income
Bank interest
6
Other income
Back-dated Employment Allowance
7
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Grants payable (note 6c)
St Peter's Barge activities
Barge costs
Interest on property purchase
Property Service Charge
b
Costs incurred on support & administration
Governance costs - accounts and examination
Insurance
Rent - external premises
St Peter's Barge office
St Peter's Barge ministry costs
Equipment maintenance
Bank charges
Depreciation
Other expenditure
Total expenditure		 2024
£
11,161
471
11,632
2024
£
2,479
2,479
2024
£
10,000
10,000
2024
£
218,889
28,786
20,626
55,771
10,766
2,433
337,270
4,620
10,397
7,530
5,963
4,581
1,931
528
15,044
475
51,070
388,340		 2023
£
11,354
605
11,959
2023
£
2,172
2,172
2023
£
-
-
2023
£
203,867
31,669
15,851
20,394
9,155
2,183
283,119
2,451
11,333
8,014
6,106
5,372
6,615
659
26,014
-
66,565
349,684

The fee payable to the independent examiner for examining the 2024 accounts is £2,250 plus VAT (2023: £2,100 plus VAT)

11

7 Charitable expenditure (continued)

Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Payments to Diocese of London
Social security
Pension costs
Other employment benefits
Sub-total
Interest on staff housing property loans
Total		 2024
£
62,288
82,280
4,508
10,959
58,855
218,889
10,766
229,655		 2023
£
51,729
80,300
849
10,720
60,270
203,867
9,155
213,022

The average monthly number of employees during the year was 4 (2023: 4). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum

Two of the employees are paid through the London Diocese who manage the tax payments to HMRC.

One of these is a key staff member, who received total employment benefits as follows:

Wages and salaries (paid by the Diocese of London)
Customary accommodation
Life insurance
Pension (paid by the Diocese of London)
Employer NIC (paid by the Diocese of London)		 2024
£
31,126
31,200
762
6,810
2,790
72,688		 2023
£
29,222
31,200
762
7,127
2,603
70,914

No trustees received employment benefits in either the current or proceding year

c Grants payable

Grants payable
Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty		 Institutions
£
28,786
-
28,786
Institutions
£
31,669
-
31,669		 Individuals
£
-
-
-
Individuals
£
-
-
-		 2024
£
28,786
-
28,786
2023
£
31,669
-
31,669

12

7 Charitable expenditure (continued)

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Crosslinks
Cross Teach Trust
Dagenham Gospel Trust
Rochdale Evangelical Church
London City Mission
This is GrowTH Ltd
The Kendray Trust
Christ Church Soweto
London Gospel Partnership
Anglican Mission in England		 2024
£
4,660
2,500
-
4,000
3,413
1,988
5,000
6,875
100
250
28,786		 2023
£
5,450
2,500
6,000
-
354
3,464
6,250
7,301
100
250
31,669

8 Tangible fixed assets

Tangible fixed assets
Barge &
Refurbishment
£
Cost
At 1 January 2024
388,388
Additions
-
At 31 December 2024
388,388
Accumulated depreciation
At 1 January 2024
379,939
Charge for the year
8,449
At 31 December 2024
388,388
Net book value
At 31 December 2024
(0)
At 31 December 2023
8,449		 Staff House
£
385,000
-
385,000
14,383
6,390
20,773
364,227
370,617		 Equipment
£
1,023
-
1,023
410
205
614
409
613		 Total
2024
£
774,411
-
774,411
394,732
15,044
409,776
364,636
379,679

The Barge, used as a meeting place for Christian ministry, has now been fully depreciated. However, the trustees believe that it is likely to have a realisable value in the region of £300,000. However, the trustees have no current plans to do so.

In September 2021 the Trustees purchased a property on behalf of St Peter's Canary Wharf Trust for £385,000 for the purpose of providing accommodation for a Staff member. The property was purchased through cash held by St Peter's (£57k), donations (£50k including gift aid), a fixed rate and equity loan with Mission Housing (total £178K) and a term loan facility agreement with Reliance Bank (£100K).

9 Book Stall Stock

Books purchased for re-sale, at cost 2024
£
-
-		 2023
£
371
371

13

10 Debtors

tors
Tax recoverable
Rent deposits
Other debtors
Prepayments and accrued income		 2024
£
18,622
5,100
1,000
9,561
34,283		 2023
£
4,194
5,100
1,293
9,534
20,122
11
Cash at Bank and in Hand
Cash at bank with immediate access
Petty cash
12
Creditors: liabilities falling due within one year
Taxation and social security
Accruals
Grant commitments
Other creditors
Loans
13
Creditors: amounts falling due after more than one year
Loan - Great St Helen's Trust
Fixed rate and equity loans - Mission Housing
Term loan facility agreement - Reliance Bank		 2024
£
216,559
285
216,844
2024
£
-
33,897
1,250
3,809
21,565
60,521
2024
£
1,763
178,000
91,671
271,434		 2023
£
178,280
156
178,436
2023
£
-
14,976
-
11,258
26,235
2023
£
11,763
178,000
93,430
283,193

No interest is payable on the Great St Helens Trust loan and there is no repayment date set. The amount will be repaid if, and only if the trustees are of the view, that there are sufficient reserves to meet the other obligations of the Trust and to effectively fulfil the objectives of the Trust.

The Barge has 2 loans with Mission Housing which were drawn down on 30th September 2021 to contribute to the purchase of the Barge flat:

Loan 1: £90,000 equity loan, 1% annual charge.

Loan 2: £88,000 fixed rate loan, of which £50,000 incur monthly interest expenses at annual interest rates of 2.0%. The rest is interest-free.

Interest and Charges only are being paid on the loans; the loan principals have various repayment dates, but the majority falls due for repayment in June 2026 for equity loans and February 2026 when the loans will need to be re-financed. Both loans with Mission Housing are secured by a second ranking legal charge against the property (with the first ranking legal charge held by Reliance Bank).

The secured term loan facility with Reliance Bank of £100,000 was drawn down on 29th September 2021 to contribute to the purchase of the Barge flat. The loan is secured by a first ranking legal charge against the property. The facility has an annual interest rate of 3% above the base rate. The loan is being repaid in monthly instalments, with the capital being amortised over a 25 year schedule. On 1st December 2024, the interest rate was 8.25%.

14

14 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Dry docking fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Barge music equipment
Christmas food bags
Aggregate of funds		 Opening
balance
2024
£
-
-
267,647
267,647
1,200
334
1,534
269,181		 Incoming
resources
2024
£
-
-
402,967
402,967
-
-
-
402,967		 Outgoing
resources
2024
£
-
-
(388,340)
(388,340)
-
-
-
(388,340)		 Transfers
in the year
2024
£
2,000
2,000
(2,000)
(2,000)
-
-
-
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-		 Closing
balance
2024
£
2,000
2,000
280,274
280,274
1,200
334
1,534
283,808

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
364,636
-
-
-
34,283
-
213,310
2,000
(60,521)
-
(271,434)
-
280,274
2,000
Unrestricted Funds		 Restricted
funds
£
-
-
-
1,534
-
-
1,534		 2024
£
364,636
-
34,283
216,844
(60,521)
(271,434)
283,808

15

14 Funds (continued)

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Barge music equipment
Christmas food bags
Aggregate of funds		 Opening
balance
2023
£
293,770
293,770
1,200
334
1,534
295,304		 Incoming
resources
2023
£
323,561
323,561
-
-
-
323,561		 Outgoing
resources
2023
£
(349,684)
(349,684)
-
-
-
(349,684)		 Transfers
in the year
2023
£
-
-
-
-
-
-		 Gains and
losses
2023
£
-
-
-
-
-
-		 Closing
balance
2023
£
267,647
267,647
1,200
334
1,534
269,181

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
379,679
-
371
-
20,122
-
176,902
-
(26,235)
-
(283,193)
-
267,647
-
Unrestricted Funds		 Restricted
funds
£
-
-
-
1,534
-
-
1,534		 2023
£
379,679
371
20,122
178,436
(26,235)
(283,193)
269,181

16

15 Commitments

The charity has an operating lease for its photocopier and a five year mooring lease from October 2023 to September 2028 with Canal River Trust.

Non-cancellable operating leases

Non-cancellable operating leases
Photocopier lease
Mooring lease		 2024
£
941
24,000
24,941		 2023
£
1,722
18,700
20,422

During the year the charity was charged £941 (2023: £1,722) for its operating lease.

The annual commitment is in respect of a five year mooring lease from October 2023 to September 2028 with Canal River Trust.

St Peter's Barge accommodation

St Peter's Barge accommodation
Accommodation for the Ministers of St Peter's Barge 2024
£
46,800
46,800		 2023
£
46,800
46,800

The annual commitment is in respect of:

(i) a one year lease with a private landlord which commenced in October 2016, and will end on 13th July 2025; (ii) a one year lease with a private landlord which commenced in July 2021 and has been renewed on 1st June 2025.

Loans and finance leases

The liabilities for loans, referred to in notes 11 & 12 fall due for repayment as follows:

Repayable:
Within one year
Between one and five years
After five years		 Otherwise
than by
instalments
20,000
179,763
199,763		 By
instalments
1,565
91,671
93,236		 2024
2023
£
£
21,565
11,258
271,434
283,193
-
-
292,999
294,451
Loans		 2024
2023
£
£
21,565
11,258
271,434
283,193
-
-
292,999
294,451
Loans
294,451

16 Transactions with related parties

During the year the charity:

Note 7b 'Analysis of staff costs' discloses the salaries and employment benefits for key members of staff. There have been no other transactions with related parties during the year.

17 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

17

ST PETER'S CANARY WHARF TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
7
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
Designated
2024
2024
£
£
378,855
-
11,632
-
2,479
-
10,000
-
402,967
-
388,340
-
388,340
-
14,627
-
(2,000)
2,000
12,627
2,000
267,647
-
280,274
2,000
Unrestricted funds		 Restricted
2024
£
-
-
-
-
-
-
-
-
-
-
1,534
1,534		 Total
2024
£
378,855
11,632
2,479
10,000
402,967
388,340
388,340
14,626.77
-
14,627
269,181
283,808		 General
Designated
2023
2023
£
£
309,430
-
11,959
-
2,172
-
-
-
323,561
-
349,684
-
349,684
-
(26,123)
-
-
-
(26,123)
-
293,770
-
267,647
-
Unrestricted funds		 Restricted
2023
£
-
-
-
-
-
-
-
-
-
-
1,534
1,534		 Total
2023
£
309,430
11,959
2,172
-
323,561
349,684
349,684
(26,123)
-
(26,123)
295,304
269,181

18