**Charity number: 1106913**
**Company number: 05079039**
**(England and Wales)**
**St James Trust (Seaford)**
**Report of the Trustees and Financial Statements**
**For the year ended 31 March 2024**
|Report of the Trustees|1 to 4|
|---|---|
|Independent Examiner's Report to the Trustees|5|
|Statement of Financial Activities|6|
|Statement of Financial Position|7|
|Notes to the Financial Statements|8 to 11|
1
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The company was incorporated on 19 March 2004 under the Companies Act 1985 as a company limited by guarantee and not having a share capital. The company is a charity, registered with the Charity Commission for England and Wales and is exempt from using the word ‘Limited’ in its name under section 30 of the Companies Act.
The Trustees in office during the year, and any changes during the year, are as shown below. Under the Memorandum and Articles of Association the number of trustees shall not be less than three. The trustees in general meeting may appoint any suitable person to be a trustee either to fill a casual vacancy or as an additional trustee.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
|Name of Charity|St James Trust (Seaford)|
|---|---|
|Charity Registration Number|0106913|
|Company Registration Number|05079039|
|Principal Address &||
|Registered Office|St James’s Clubhouse|
||11 Blatchington Road|
||Seaford. East Sussex BN25 2AB|
|**TRUSTEES**|J Austin|
||D Dymott|
||S Harvey from 27 September 2023|
||D Holland|
||J Innis to 27 September 2023|
||A M Richardson|
||C West from 27 September 2023|
||J S White|
|**CHIEF EXECUTIVE**|Mrs V Reynolds|
|**INDEPENDENT EXAMINER**|A Bradbury|
|**BANKERS**|HSBC PLC. Seaford|
2
## **OBJECTIVES AND ACTIVITIES**
The charity's objectives are to undertake voluntary work in education, social services, and similar charitable activities amongst those classes in need thereof. In the furtherance of these objectives the charity provides and maintains a centre and services for the elderly and disabled.
The centre is available for hire by individuals and organisations in accordance with the standard hiring agreement and scale charges adopted for the year.
During the year the trustees have continued their efforts to maintain the centre and establish policies to ensure the long-term viability of the trust. The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
The financial statements comply with current statutory requirements, the charity 's Memorandum and Articles of Association and the Statement of Recommended Practice " Accounting and Reporting by Charities 2005'.
## **Achievements and Performance Apr 23 – March 24**
During 2023-24 the trust continued to rebuild the services that the Charity provided before the Covid Pandemic.
The Tuesday Lunch club is now at full capacity with 20 clients, and there is also a waiting list. The trust has been very lucky to have secured 9 new volunteers which brings the volunteer base to 49, all of whom support the running of our Lunch Club and Charity Shop.
The trust also has many loyal clients who return week-on-week and has been very successful in securing new clients who also use the facilities on a regular basis.
Our Outreach programme remains one of the main priorities and the trust works directly with the local job centre, offering fully supported volunteering opportunities to people who are keen to get back into the workplace. Each volunteer is offered a tailormade training programme providing experience and the opportunity to gain new skills. The trust currently has 4 volunteers on the programme.
## The Future
The Trustees, staff and volunteers continue to be 100% committed to building and enhancing the vital services and support that they provide in the Community.
## **FINANCIAL REVIEW**
Income for the year amounted to £115,753 (2023 £99,841). Expenditure for the year amounted to £115,821 (2023 £89,960). The deficit amounted to £68 (2023 Surplus £9,881).
The reserves policy of the Trust is that it should retain within the unrestricted fund - the equivalent of 12 months expenditure on that fund. Unrestricted expenditure in the year amounted to £88,405 (2023 £73,171). The unrestricted reserves as of 31 March 2024 were £111,246. (2023 £99,545)
A further transfer has been made to the major projects fund of £11,931. With the age of the building any issues are likely to be expensive to rectify. The trustees are already aware of some major costs to be faced in the 2024-25 financial year.
3
## **TRUSTEES' RESPONSIBILITIES**
Company law requires the trustees to prepare accounts for each financial period which give a true and fair view of the surplus or deficit of the charity for that period and of the state of affairs of the charity at the end of the period. In preparing those accounts, the trustees are required to:
- Select suitable accounting policies and then apply them consistently; Make judgments and estimates that are reasonable and prudent.
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for safeguarding the assets of the company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Board on
And signed on its behalf by
D Dymott
4
## **St James Trust (Seaford) Trustees Report Year ended 31 March 2024**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ST JAMES TRUST (SEAFORD)**
I report on the accounts of the charitable company for the year ended 31 March 2024, which comprise the Statement of Financial Activities, the Statement of Financial Position, and the related notes.
## **Respective responsibilities of trustees and examiner**
The Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- -examine the accounts under Section 145 of the 2011 Act.
- to follow the procedures laid down in the General Directions given by the Charity Commission under
- section145(5)(b) of the 2011 Act: and
- to state whether matters have come to my attention.
## **Basis of independent examiner's report**
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 charitable company 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 you as trustees concerning any such matters. 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 statement 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:
- to keep accounting records in accordance with 386 and 387 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**A Bradbury Seaford**
**East Sussex 24 July 2024**
5
## **St James Trust (Seaford) Statement of Financial Activities for the year ended 31 March 2024**
|Note
**INCOMING RESOURCES**
Charitable Activities
2
Donations, Grants & Legacies
3
Trading Activities
4
Investments
**RESOURCES EXPENDED**
Charitable Activities
5
Raising Funds
6
**Net surplus / (deficit) for the year**
**Fund Balance brought forward**
**Funds Transfer**
**Fund Balance Carried Forward**
10|**Unrestricted**
**Fund**
**Designated**
**Fund**
**Restricted**
**Fund**
**Total**
**2023**
60,319
60,319
52,188
4,647
4,082
8,729
5,448
41,911
41,911
40,516
4,794
4,794
1,689|
|---|---|
||**111,671**
**4,082**
**115,753**
**99,841**|
||86,381
15,015
12,767
114,163
87,690
1,658
1,658
2,270|
||**88,039**
**15,015**
**12,767**
**115,821**
**89,960**|
||23,632
(10,933)
(12,767)
(68)
9,881
99,545
145,524
33,422
278,491
268,610
(11,931)
11,931|
||**111,246**
**146,522**
**20,655**
**278,423**
**278,491**|
6
## **St James Trust (Seaford) Statement of Financial Position As at 31 March 2024**
|Note
Fixed Tangible Assets
7
Current Assets
Debtors and Prepayments
8
Cash at bark and in hand
Total Current Assets
Creditors falling due within one year
9
Net Current Assets
Total Net Assets
10|**Unrestricted**
**Fund**
**Designated**
**Fund**
**Restricted**
**Fund**
**Total**
**2023**
-
100,906
4,805
105,711
110,934
9,831
9,831
5,796
105,632
45,616
15,850
167,098
166,332|
|---|---|
||115,463
45,616
15,850
176,929
172,128|
||4,217
4,217
4,571
-
111,246
45,616
15,850
172,712
167,557|
||**111,246**
**146,522**
**20,655**
**278,423**
**278,491**|
7
## **St James Trust (Seaford) Notes to the Financial Statements - Continued for the year ended 31 March 2024**
|**2. Charitable Activities**
Rental Income **
Specialist activities **
**3. Donation, Grants & Legacies**
Donations
Grants **
**4. Trading Activities**
Charity Shop
**5. Costs of Charitable Activities**
Operating Day Centre
Staff Costs (see note 11)
Premises**
Office Expenditure **
Specialist Activities **
Motoring
Miscellaneous
**6. Fundraising Costs**
Professional Fundraiser
Charity Shop|**2024**
**2023**
56,753
49,905
3,566
2,283|
|---|---|
||**60,319**
**52,188**|
||4,647
1,062
4,082
4,386|
||**8,729**
**5,448**|
|||
||**41,911**
**40,516**|
||60,071
54,971
42,078
22,406
5,118
4,832
5,455
4,098
65
1,441
1,318|
||**114,163**
**87,690**|
||600
1,658
1,670|
||**1,658**
**2,270**|
** further analysis of 2024 figures shown at note 14
8
## **St James Trust (Seaford) Notes to the Financial Statements - continued for the year ended 31 March 2024**
## **7. Tangible Fixed Assets**
## **Designated Designated Restricted**
|**Freehold**
**Land**
**Fixtures &**
**Fittings**
**Fixtures &**
**Fittings**
**Total**
**At Cost**
As at 1 April 2023
172,464
2,912
58,520
233,896
**172,464**
**2,912**
**58,520**
**233,896**
**DEPRECIATION**
As at 1 April 2023
68,627
2,221
52,114
122,962
Charge for the year
3,449
173
1,601
5,223
**72,076**
**2,394**
**53,715**
**128,185**
**Net Book Value**
As at 31 March 2024
Restricted Fund
4,805
4,805
Designated Fund
100,388
518
100,906
**100,388**
**518**
**4,805**
**105,711**
As at 31 March 2023
Restricted Fund
6,406
6,406
Designated Fund
103,837
691
104,528
**103,837**
**691**
**6,406**
**110,934**
**8. Debtors & Prepayments**
**2024**
**2023**
Prepayments and accrued income
2,488
1,158
Debtors
7,343
4,638
**9,831**
**5,796**
**9. Creditors**
**2024**
**2023**
Accruals and deferred Income
4,217
4,571|**Freehold**
**Land**
**Fixtures &**
**Fittings**
**Fixtures &**
**Fittings**
**Total**
172,464
2,912
58,520
233,896|**Freehold**
**Land**
**Fixtures &**
**Fittings**
**Fixtures &**
**Fittings**
**Total**
172,464
2,912
58,520
233,896|
|---|---|---|
||**172,464**|**2,912**
**58,520**
**233,896**|
||68,627
3,449|2,221
52,114
122,962
173
1,601
5,223|
||**72,076**|**2,394**
**53,715**
**128,185**|
||100,388|4,805
4,805
518
100,906|
||**100,388**|**518**
**4,805**
**105,711**|
||103,837|6,406
6,406
691
104,528|
||**103,837**|**691**
**6,406**
**110,934**|
|||**2024**
**2023**
2,488
1,158
7,343
4,638
**9,831**
**5,796**
**2024**
**2023**
4,217
4,571|
9
## **St James Trust (Seaford) Notes to the Financial Statements - continued for the year ended 31 March 2024**
|**10. Movement in Funds**
**As at**
**31 March 23**
**Incoming**
**Resources**
**Outgoing**
**resources Transfers**
**As at**
**31 March**
**2024**
**General Funds**
**99,545**
**111,671**
**88,039**
**(11,931)**
**111,246**
**Designated Fund**
Fixed Asset Reserves
104,528
3,622
**100,906**
Lighting Upgrade
**1,607**
1,607
Major projects Fund
35,000
6,931
11,931
**40,000**
Transport Fund
5,996
**2,475**
2,855
**5,616**
**145,524**
**4,082**
**15,015**
**11,931**
**146,522**
**Restricted Funds**
Fixed Asset Reserve
6,406
1,601
**4,805**
Computer & TV
8,425
55
**8,370**
Outreach Projects
18,591
11,111
**7,480**
**33,422**
**12,767**
**20,655**
TOTAL FUNDS
**278,491**
**115,753**
**115,821**
**278,423**
**11. Staffing Costs**
**2024**
**2023**
Total Staff costs for the year were
Salaries and Wages
58,593
54,200
Social Security Costs & Pensions
1,478
771
**60,071**
**54,971**
Average Number of Employees in the year
3
2
No employee emoluments exceeded £60,000 for the year|**As at**
**31 March 23**
**Incoming**
**Resources**
**Outgoing**
**resources Transfers**
**As at**
**31 March**
**2024**
**99,545**
**111,671**
**88,039**
**(11,931)**
**111,246**|**As at**
**31 March 23**
**Incoming**
**Resources**
**Outgoing**
**resources Transfers**
**As at**
**31 March**
**2024**
**99,545**
**111,671**
**88,039**
**(11,931)**
**111,246**|
|---|---|---|
||104,528
35,000
5,996|3,622
**100,906**
**1,607**
1,607
6,931
11,931
**40,000**
**2,475**
2,855
**5,616**|
||**145,524**|**4,082**
**15,015**
**11,931**
**146,522**|
||6,406
8,425
18,591|1,601
**4,805**
55
**8,370**
11,111
**7,480**|
||**33,422**|**12,767**
**20,655**|
||||
||**278,491**|**115,753**
**115,821**
**278,423**|
## **12. Trustee renumeration and related party transactions**
During the year no trustee received renumeration (2023 nil)
Trustees did not receive reimbursement of any expenses (2023 Nil)
The Directors have declared there were no related party transactions in the year
## **13. Company Limited by Guarantee**
St James Trust (Seaford) is a company limited by guarantee and accordingly does not have a share capital
10
## **St James Trust (Seaford)**
## **Notes to the Financial Statements - continued for the year ended 31 March 2024**
## **Note 14 - Detailed analysis**
|Rental Income
Room Hire
Office Rent
Specialist activities
Lunch Club
Grants Received
Designated
Seaford Town Council re Transport
LED light upgrade
Premises
Depreciation
Repairs & renewals
Energy
Insurances
Security Expenses
Cleaning
Water & Sewerage
Waste Collection
Office Expenditure
Telephone & Internet & Support
Office Supplies
Software
Printing|**Income**
44,753
12,000|**Expenditure**
5,455|
|---|---|---|
||**56,753**||
||3,566||
||**3,566**|**5,455**|
||2,475
1,607|5,223
24,329
4,770
3,636
448
1,356
1,057
1,259|
||**4,082**||
||||
|||**42,078**|
|||3,925
602
576
15|
|||**5,118**|
11