CHRISTCHURCH PRIORY BUILDING
CONSERVATION TRUST
(Charity Number 1107139)
REPORT AND FINANCIAL STATEMENTS
OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024

CHRISTCHURCH PRIORY BUILDING
CONSERVATION TRUST
(Charity Number 1107139)
REPORT AND FINANCIAL STATEMENTS
OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES APPROVAL CERTIFICATE
As Trustees, w¢ approve the Report and Financial Statements
6¢t out on pages I to 14 in all rc8p¢cts.
On behalf of the Trustees
Reverend Canon Charles St¢wart
Chairnian of the Trustees
2025

CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees of the ChrAStchurch Priory Building Conservation Trust present their Annual Report
and Financial Statements for the year ended 31 December 2024. The accounts have been prepared
in accordance with the accounting policies set out on page I l and comply with the Trust's Constitution
and applicable law.
BACKGROUND
The Trust was established by means of a Declaration of Trust dated 9 July, 2004. Originally namcd
Christchurch Priory Conservation Trust, this was amended during a Special Meeting of the Trustees
held on 19 November, 2004, to 'Christchurch Priory Building Conservation Trust,, in order to achieve
registered charitable status with the Charity Commission. On 27 April. 2017. th¢ original Declaration
of Trust was further amended by D¢ed.
During 2022, legacy income amounted to £1,168,312 and this, together with the Trust's status as a
subsidiary of the Parochial Church Council of thc Ecclesiastical Parish of Christchurch Holy Trinity
(PCC) required the enhanced level of reporting disclosed within this Report for 2022. However, the
reduced income disclosed for 2023 and 2024 perniits a lower reporting level allowing an Independent
Examination instead of an Audit. These Financial Statements continue to be prepared on the
accruals basis thus facilitating consolidation within th¢ Financial Statements of the Parish.
ORIEcfIvES AND ACTIVITIES
The object of the Charity is the advancement of Christian religion and education for the Public Benefit
by the conservation repair maintenance improvement restoration and refurbishment of Christchurch
Priory, as defined within Clause 3 of the Trust Deed.
Except for the receipt ofmonetary gifts and futur¢ legacies (if any) the Charity is, apart from distributing
existing funds, dorniant, its active fundraising activities having been passed to the Building
Conservation Fund of the PCC.
Th¢ principal aim of thc Charity is to provid¢ th¢ means by which legacies in its favour can
ontinue to be received and subs¢quently passed to the PCC Building Conservation Fund, whilst having
due regard to the Charity Commission's guidance on Public Benefit and their responsibility to apply
income in accordance with thc Trust Deed.
Given the very restricted Aims of the Charity and of its Objectives and of its dependence upon
future legacy income (if any) there are no further explanations to be made regarding its
aimslachievements in tenns of fulfilling its legal purposes, strategies for achieving its stated aims
and objectiv¢s, critcria or measures it uses to assess success and, finally, significant activities other than
receiving lega¢i¢s and potential making. Furthernior¢, the Trust¢¢s have no short terni or longer
tenn aims and objectives other than extrcising their responsibilities as d¢fin¢d in the Trust Dee(L
The Trustees are of thc opinion that funds currently held in the Church of England Central Board of
Finance Deposit Fund do not fall within the def￿ltiOn of a Social Investment as they represent income
accumulations awaiting distribution to the Building Conservation Fund of the PCC.

Grant making is a material part of the Trust's activities but restricted in scope by the Objects of the
Trust's Deed as stated above.
There are no volunteers whose contribution is significant to the Trust's ability to undertake any
particular activity.
ACHIEVEMEIYTS AND PERFORMANCE
When considering Achievements and Perfornlance, it is n¢￿sSary to bear in mind that except for
the receipt of monetary gifts and future legaci¢s (if any) the Trust is now doTmanÈ from an active
fundraising point of view and th¢ following review points nced to be considered in that context:
l The only SI￿lficant activitics relate to th¢ receipt of interest on funds dqx)sited with the CBF
Dwosit Account. Th¢ Trustees have not been requested to consider and have not made any grants
to the PCC during the period under review.
2 There are no sct objectives against which to review achievements.
3 Given that the rcceipt of legacies is not within the control of the Trustees, there are no fundraising
activities to review. Furtherniore, the PCC is supported by the Trustees in its policy of encouraging
future legacies to b¢ left directly to th¢ PCC Building Cons¢rvation Fund.
4 Funds awaiting distribution at the discretion of the Trust's Trustees are held in a deposit ￿nd to
ensure that they can be made available at short noti¢¢, if required. There is, therefore, no investmcnt
p¢rfonnance to be revi¢w¢d except to ensure a reasonable retum commensurate with security.
5 No material expenditur¢ has been Incu￿ed to raise income in the future.
FINANCIAL REVIEW
The principal funding source of the Trust during 2024 was the receipt of interest. These receipts,
together with the receipt of several legacies in prior years, have resulted in the Trust holding significant
cash reserves awaiting distribution in accordan¢¢ with its Objects.
The future financial perforniance of the Trust, aft¢r current funds have been disbursed, will d¢p¢nd up)n
the receipt of future legacics (if any).
RESERVESIRISK ASSESSMEiYr
Total reserves amounting to £1,280,326 cxisted at 31 December, 2024, (2023 £1,217,798) of
which all ar¢ restrictcd. Sufficient rescrvcs need to be retained to cover the limited ongoing costs
that th¢ Charity may incur e.g. costs of independent examination as required by statute. (The 2024
examination has been carri¢d out on a pro bono basis). No other financial reserves are deem¢d
necessary since no Trustee distributions have been committed as of 31 December, 2024.
The Trustees do not enter into commitments of an ongoing nature. consequently, there are no financial
risks to be managed. Grants to Christchurch Priory can only be mad¢ out of realised funds.
It sbould be noted that there is no statutory guarantee associated with the CBF Deposit Fund
balances should it be unabl¢ to meet its liabilities in whole or in part.

STRucfuRE, GOVERNANCE AND MANAGEMENr
The Christchurch Priory Building Conservation Trust, Charity Commission number 1107139 is
Governed by a Declaration of Tn]st dated 9 July, 2004, as amended on 27 April, 2017.
The Dccd provides for the Vicar and Churchwardens of the Ecclesiastical Parish of Christchurch
Holy Trinity for the timc being to bc ex officio trustecs of the Trust. The ex officio trustees may appoint
furthcr trust¢¢s but currently this option is not under consideration.
Trllstees
The Trustees holding office during thc period since l January, 2024, and who wcre trustces at th¢ date
of signing this Ilcport are:
Reverend Canon Charl¢s Stewart
Mr Colin Bacchus
Mrs Tracy Froud
tncumbent
Churchward¢n
Churchwarden
Appointed 21 April 2015
Appointed 4 October 2020
Appointed 4 October 2020
The Trustees make all decisions affecting the Trnst, assisted by the Parish of Christchurch Chief Finance
Officer. Th￿C are no policiesl procedures for the induction and training of Trustees given that their
appointment is based u￿n the senior oific£s they hold within the PCC.
No rcmun¢ration is paid by the Trust.
Connected Charities
Th¢ Financial Stat¢m¢nts ol th¢ Parochial Church CounGil of thc Ecclcsiastical Parish of
Christchurch Iqoly Trinity (Registered Number 1130918)- The PCC - ar¢ pr¢parcd in accordance with
the provisions of the Statement of Recornmended Practice applicable to charities preparing their
accounts in accordance with the Financial Rq)orting Standard (FRS 102) applicable in th¢ UK and
Rq)ublic of treland.
The tern]s of FRS 102 r¢quir¢ that by reason of the control vested in the PCC allowing the appointment
of Trustees for the Christchurch Priory Building Conservation Trust, this Charity is connected with and
has to be treated as a subsidiary of the PCC. and incorporated within the Financial Statements of the
pcc.
Parent Charity
The following infomation is provid¢d regarding the parent charity (the PCC):
Name
The Parochial Church Council of th¢ Ecclesiastical Parish of
Christchurch Holy Trinity
Charity Registration Number
1130918
Address
Priory House, Quay Road, Christchurch, Dorset BH23 IBU
Address for Truslees, Report
and Financial Statements
The Chief Finance Officer, Th¢ Parish Office, Priory Hou8C.
Quay Road, Christchurch, Dorset BH23 IBU

The principal PUTpose and activity of the PCC is to promote within the Parish the whole mission of the
Church, pastoral, evangelistic, social and ecumenical, in co-operation with the Viw, to whom day to
day management of the Parish is delegat¢d an(L ¢xcqit as disclosed in thks R¢port and Financial
Statements, there were no other connected transactions during the year.
By reason of their association with th¢ PCC, the following may be regarded as connected with th¢
Christchurch Priory Building Conservation Trust:
The Charity of Mary Waterfield (Registered Number 1055323)
Friends of Christchurch Priory (Registered Number 1063246)
Further details of each Charity may be obtained from the Trustccs, c/0 The Parish Officc.
Thc operating policies adopted by the Trust may be infiuenced by Trustees but given th¢ very
specific Objects of the Christchurch Priory Building Conservation Trust th¢ effect of such influence
is minimal.
REFERENCE AND ADMINISTIL4TION DETAILS
The Chief Finance Officer, Mr J Puzey, is the person to whom the Trust¢¢s delegate day to day
management of the Trnst.
Relevant Names and Addresses
Correspondence address
The Parish Officc
Priory House
Quay Road
Christchurch
BH23 IBU
Bank¢rs
National Westminster Bank PIC
5, Old Christchurch Road
Boumemouth
Dorset
BHI IDU
CCLA Investment Management Limited
The CBF Church of England Funds
One Angel Lane
London
EC2R 3AB

Independent Examkner (2024)
Independent Examiner (2023)
Mr Douglas Forsyth
Douglas FOrs￿h Limited
Chartcred Accountants
Royden Cottage
Sandy Dosvn, Boldre
Lymington
S0418PL
Mr Keith Adams
Chartered Accountant
Tarn Hows
Vinegar Hill
Milford on Sea
Lymington
S041 ORZ
Solicitors
Mrs Sue de Candole
Diocesan Registrar
Batt Broadbcnt Solicitors LLP
42-44 Castle Street
Salisbury
SPI 3TX
PLANS FOR FirruRE PERIODSITRUSTEES GENERAL REVIEW
The Trustees will consider making grants to th¢ PCC in accordance with the Objects of the Trust
and remain pleased to receive and administer any futurc legacies in its favour. Should no legacies
be r¢ceived in the future, activity levels will be much reduced although the Trust will need to be rctaincd
as a separate entity to secure receipt of any futurc legacics.
Overall, the Trustees regard the general affairs of the TTUSt as being satisfactory and there are no further
matters requiring special mention.
On behalf of th¢ Trustees
Reverend Canon Charles Stewart
Chairman of th¢ Trust¢es
2025

CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEE RESPONSIBILITIES APPLICABLE TO THE TRUSTEES OF
CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST
Th¢ Trustecs are rcsponsible for prepaTing th¢ Annual Report and the fmancial statements in acc()rdance
with applicabl¢ law and regulations.
Law applicable to charities in England and Wales requira8 the trustees to pr¢pare financial
statements for each financial year which give a true and fair view of the charity's financial actkvities
during the year and of its financial position at the end of the year. In preparing financial statements
giving a true and fair view, the trustces should follow best practice and:
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
observe the methods and principles in the Charities SORP.
state whether applicable accounting standards and statements of recommended practice have
been followed, suty¢ct to any departures disclosed and explained in the fitwicial statements"
preparc thc financial statements on the going conccrn basis unless it is inappropriate to presume
that the charity will continue in operation.
The Trustees are responsible for ke￿Ing accounting records which disclose with reasonabl¢
accura¢y the financial position of the charity and which enable them to ascertain the financial
position of the charity and which enable them to ensure that the financial statements comply with
applicable law and regulations. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prcv¢ntion and detection of fraud and other irregulariti&8.

CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE
CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST FOR THE YEAR
ENDED 31 DECEMBER 2024
I report to the Trustees on my examination of the financial statements of thc Charity for the year ¢nd
31 December 2024 set out on pages 8 to 14.
RESPONSIBILITIES AND BASIS OF REPORT
As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('*he Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011
Act and in carrying out my examination, I have followed the applicable Directions given by the
Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMtNER'S STATEMENT
I have completed my cxamination. I confllTh that no material matters have come to my attention in
connection with the examination which gives me cause to believe that in, any Mat￿la1 rcspect:
accounting records were not kept in accordance with section 130 of the Charities Act, or
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tam Hows
Vinegar Hill
Milford on Sea
Lymington
S041 ORZ
Keith Adams
Chartered Accountant
2025

CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST
Charlty number: lllb7139
STATEMENT OF FINANCIAL ACTIVITIES
For the Ye￿ ended 31 December 2024
RESTIUCTED FUNDS
2024
2023
Notes
INCOME FROM
Interest
62,553
15
51041
25
Donations and tax recoverable
Legacies
105
TOTAL ￿SCOME
62,568
52,171
EXPENDITURE ON
Charitabl¢ a¢tivitics
40
575
TOTAL EXPENDITURE ON CILIRITABLE ACTIVITIES
40
575
NET MOVEMENT IN FUNDS
62,528
51,596
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD AT I JANUARY
1,217,798
1,166202
TOTAL FUNDS CARIUED FORWARD AT 31 DECEMBER
1,280026
1,217,798
The notes on pages l I to 14 forni part of these fllwicial statements

CHRISTCHURCH PRIORY BUILDIIYG CONSERVATION TRUST
Charity number: 1107139
BALANCE SHEET
AS AT 31 DECEMBER 2024
RESTRICTED FUNDS
2024
2023
Notes
CURRENT ASSETS
Debtors
Casb at bank
40
1,218,333
1,280,326
1,280J26
1,218J73
LIABILITIES
Creditors: Amounts falling due within one year
{575)
NET CURRENT ASSETS
1,280,326
1,217,798
TOTAL NET ASSETS
1,280,326
1,217,798
REPRESENTED BY FUNDS OF THE CIIAIUTY:
Restricted Funds
1,280J26
1217,798
TOTAL CHARITY FUNDS
1,280J26
1217,798
The financial stst¢m¢nts w¢re approved by the TTUStees on
b¢half by..
2025 and signed on tbeir
Reverend Canon Charles Stewart
Chainnan of the Trnstees
Th¢ not¢s on pages I I to 14 forni part of these financial statements

CHRISTCHURCH PIUORY BUILDING CONSERVATION TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR EIYDED 31 DECEMBER 2￿24
RESTRICTED FUNDS
2024
2023
CASH FLOWS FROM OPERATING ACTIVITIES
N¢t cash provided by operating activities
(asper the Statement ofFinancwlActivities)
62,528
51,596
Adjustmellts for:
Decrease l (In¢r¢ase) in debtors
(Decrease) I Increase in ¢reditOTS
40
(575)
52,810
{1,525)
Net eash provAded by l (used by) operatlDg &etivities
(535)
51,285
Change in cash during the r¢porting period
61,993
102,881
Cash at the beginning of the rq)orting period
1,218,333
1,115,452
Cash at the end of the reporting perfiod
1,280a26
1218J33
The notes on pages I I to 14 forni part of these financial stat¢m¢nts
10

CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMEIYTS
FOR THE YEAR ENDED 31 DECEMBER 2024
I. ACCOUNTING POLICIES
2) Basis of accounting
The Financial Statements have been prepared in accordance with applicablc accounting standards and the
Charities SORP (FRS 102).
The Financial Statements have been prepared under tbe historical cost convention. The Financial Statements
include all transactions. assets. and liabilities for which the Charity is responsible in law.
The Financial Statements have been prq)ared on a going concern basis.
b) Funds
All funds are r¢stric*d and represent l¢ga¢iesl donations etc. r¢¢¢ivable for tb¢ sp¢¢ific objects of the TrusL
Any balance remaining unspcnt is carried forward as a balance in the Restricted Fund.
e) Income
Planned giving and donations are recognised when receivable. Tax refunds are r¢cognised when the relevant
infonrAation is provided by the administrator of the estate concerned. Legacies are accounted for when the
Trustees are legally entitled to the amounts due. Any other income is recognised when it is receivable. All
incoming resources are accounted for gross.
d) Expenditure
Grants or donations ar¢ accounted for when agree￿ if that creates an obligation on the Charity. All other
expenditure is r¢cognised when it is in¢urra and is accounted for gross.
li

CHRISTCHURCH PIUORY BUILDING CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (continueql)
FOR THE YEAR ENDED 31 DECEMBER 2024
2. EXPENDITURE ON CHARITABLE ACTIVITIES
RESTIUCTED FUNDS
2024
2023
Ind¢p¢nd¢nt Examination
Debtor not pursued
575
40
40
575
3. DEBTORS
RESTRICTED FUNDS
2024
2023
Sundry debtors (income tax recoverable)
A¢¢rued in¢om¢ (legac1￿ receivable)
40
4. CREDITORS
RESTRICTED FUNDS
2024
2023
Sundry creditors (professional fe￿)
575
575
5. ACCUMULATED RESTRICTED FUNI)S
Opening
Funds
l Jan. 2024
Incoming
Resources
Expenditure
Closing
Funds
31 2024
Rcstrictcd funds
1,217,798
62,568
(40)
1,280,326
1217,798
62,568
(40)
1280J26
12

CHIUSTCHURCH PRIORY BUILDING CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
6. ANALYSIS OF NET ASSETS BY FUND
RESTIUCTED FUNDS
2024
2023
Debtors
Cash at bank
Current liabilities
40
1218,333
(575)
1,280,326
Fund b￿4￿¢¢
26
7. INDEPENDENT EXAMINATION C OSTS
2024
2023
Provision for Independent Exarnination fee
575
575
13

CHRISTCHURCH PRIORY BUILDING CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (eontinued)
FOR THE YEAR ENDED 31 DECEMBER 2024
8. RELATED PARTIES AIYD GOING CONCERN
The following trustees were members of related entities:
TRUSTEE
RELATED TRUSTEESHIP
Reverend Canon Charles Stewart
The Pamchial Church Council Of the Ecclesiastical Parish of
Christchurch Holy Trinity (Registered Number 1130918)
The Charity of Mary Wat¢rfield (Registered Numb¢r 1055323)
Mr Colin Bacchus
The Parochial Church Council Of the Ecclesiastical Parish of
Christchurch Holy Trinity (Registered Number 1130918)
The Charity of Mary Waterfield (Registered Number 1055323)
Mrs Tracy Froud
The Parochial Church Council Of the Ecclesiastical Parish of
Clwist¢hurch Holy Trinity (Registered Number 1130918)
The Charity of Mary Waterfield (Registered Nvmber1055323)
There were no related paty transactions between the above trustees and any of the related ts￿stee$hIPs.
None of the trustees received any remuneration or reimbursed expens¢s from the Trust or the r¢lated entities,
except as dis¢losed in the PCC'S 2024 financial statements.
The Ttust had no employe¢s during the year (2023." none) and no other financial commitments other than those
described in the above notes.
There no material uncertaintles about the Trust's ability to continue as a going concern.
14