**Charity registration number 1119877 (England and Wales)**
## **CHRIST CHURCH COMMUNITY TRUST**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **CHRIST CHURCH COMMUNITY TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr H M Langmuir (Chairman) Ms L Easton (Treasurer) Ms L Cepuch M Vorbach Hoi Yan Lu Ms J Winder Nicholls **Charity number (England and Wales)** 1119877 **Principal address** c/o Christ Church Kensington Victoria Road London W8 5RQ **Independent examiner** Gravita III LLP Aldgate Tower 2 Leman Street London United Kingdom E1 8FA **Bankers** National Westminster Bank Plc 55 Kensington High Street London W8 5ZG
## **CHRIST CHURCH COMMUNITY TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 9|
## **CHRIST CHURCH COMMUNITY TRUST**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
The Trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Deed of Trust, the Charities Act 2022 and "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 Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
Under the terms of the Deed of Trust the Trustees are empowered to raise funds and apply the funds of the Charity and any income thereof for the maintenance of the fabric of Christ Church Kensington and to promote and raise funds for other activities of benefit to the local community centred on the church.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
## **Achievements and performance**
Christ Church Community Trust continues to receive and hold funds raised for the maintenance and enhancement of the buildings and gardens of Christ Church Kensington through regular subscriptions, grants and other fundraising activities.
The Trust had aggregate cash balances of £362,248 as at 31 December 2024.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **Financial review**
The Trustees review the level of its free reserves regularly to ensure that the Charity would be able to continue the current activities in the event of a significant drop in funding.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the receipt of refund.
## **Plans for future periods**
Christ Church Community Trust’s objective is to continue the work first started as the Friends of Christ Church Kensington; to raise funds and apply them for the maintenance of the buildings and surroundings of Christ Church Kensington for the benefit of the local community centred on the church.
The Trust's plans for fundraising in the short-term are to continue raising funds through regular annual donations, specific fundraising activities and ad-hoc grant applications. Christ Church Community Trust aims to organise fundraising events: two small Summer and one substantial in November 2024.
Christ Church Community Trust will also consider submitting specific applications to relevant grant giving bodies in terms of specific projects relating to projects relating to the building and immediate surroundings of Christ Church Kensington that meet its charitable objectives and for which it is likely to make grants.
The Trust will continue to co-operate with other entities, such as Christ Church Kensington, to the extent appropriate in terms of the making of such applications.
## **Structure, governance and management**
The Trust was constituted by the Deed of Trust dated 7 March 2007 and Deed of Amendment dated 22 September 2013.
The Trustees who served during the year and up to the date of signature of the financial statements were:
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## **CHRIST CHURCH COMMUNITY TRUST**
## **TRUSTEES' REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|_Ms J Dalton_|_(Retired 1 January 2025)_|
|---|---|
|_Mr H M Langmuir (Chairman)_||
|_Ms L Easton (Treasurer)_||
|_Ms L Cepuch_||
|_M Vorbach_||
|_N Cline_|_(Retired 1 January 2025)_|
|_Hoi Yan Lu_||
|_Ms J Winder Nicholls_||
|_Ms O Ni Chionna_|_(Retired 12 January 2024)_|
In accordance with the Deeds of Trust and Amendment the Trustees may appoint new and additional Trustees and re-appoint Trustees by a resolution of the Trustees passed at a Trustees' meeting. There shall be at least three but no more than nine Trustees. The Trustees are required to retire by rotation every three years and may only hold office for a maximum continuous term of nine years.
## **Risk review**
The Trustees have examined the major strategic and operational risks which the Charity faces. These are kept under review at regular Trustees' meetings at which appropriate reports are presented to keep such risks to the minimum.
The Trustees' report was approved by the Board of Trustees.
Mr H M Langmuir (Chairman)
Ms L Easton (Treasurer)
9 April 2025
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## **CHRIST CHURCH COMMUNITY TRUST**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF CHRIST CHURCH COMMUNITY TRUST**
I report to the Trustees on my examination of the financial statements of Christ Church Community Trust (the Charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2022.
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2022. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2022.
## **Independent examiner's statement**
Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2022. 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.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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 that in any material respect:
- 1 accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2022.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
- 4 the financial statements 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 financial statements 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 financial statements to be reached.
## **Gravita III LLP**
Aldgate Tower 2 Leman Street London E1 8FA United Kingdom
Dated: 21 June 2025
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## **CHRIST CHURCH COMMUNITY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**2**|351,521|53,669|
|Investments|**3**|4,580|1,031|
|**Total income**||356,101|54,700|
|**Expenditure on:**||||
|Raising funds|**4**|-|9,052|
|Charitable activities|**5**|93,417|7,754|
|**Total expenditure**||93,417|16,806|
|**Net income and movement in funds**||262,684|37,894|
|**Reconciliation of funds:**||||
|Fund balances at 1 January 2024||130,302|92,408|
|**Fund balances at 31 December 2024**||392,986|130,302|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **CHRIST CHURCH COMMUNITY TRUST**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2024**
|**Notes**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current assets
**Income funds**
Unrestricted funds|**2024**
**£**
34,338
362,248
396,586
3,600|**£**
392,986
392,986
392,986|**2023**
**£**
7,192
126,530
133,722
3,420|**£**
130,302|
|---|---|---|---|---|
|||||130,302|
|||||130,302|
The accounts were approved by the trustees and authorised for issue on 9 April 2025 and are signed on its behalf by:
Mr H M Langmuir (Chairman) **Trustee**
- 5 -
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **CHRIST CHURCH COMMUNITY TRUST**
## **1 Accounting policies**
## **Company information**
Christ Church Community Trust is a charity located in Kensington and Chelsea. The registered office is c/o Christ Church Kensinton, Victoria Road, London, W8 5RQ.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's Deed of Trust, the Charities Act 2022, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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## **CHRIST CHURCH COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting policies**
## **(Continued)**
## 1.5 **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **2 Donations and legacies**
|||**Unrestricted **|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2022**|
|||**£**|**£**|
||Donations, sponsorships and gifts|351,521|53,669|
|**3**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Interest receivable|4,580|1,031|
|**4**|**Expenditure on raising funds**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Fundraising and publicity**|||
||Staging fundraising events|-|9,052|
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## **CHRIST CHURCH COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**5**
**Expenditure on charitable activities**
**Grant**
**funding**
**Other costs**
**Total**
**Grant**
**funding**
**Other costs**
**2024**
**2024**
**2024**
**2023**
**2023**
**£**
**£**
**£**
**£**
**£**
**Direct costs**
Charitable expenditure -
Other income
1,142
-
1,142
(25)
-
Share of governance
costs (see note 6)
Governance
-
92,275
92,275
-
7,779
1,142
92,275
93,417
(25)
7,779
**Analysis by fund**
Unrestricted funds
1,142
92,275
93,417
(25)
7,779
**6**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**2024**
**£**
**£**
**£**
Accountancy fees
-
3,600
3,600
Legal and professional
-
-
-
Insurance
-
117
117
Repair and Maintenance
-
51,032
51,032
Professional fees
-
26,152
26,152
Event costs
-
11,374
11,374
-
92,275
92,275
Analysed between
Charitable activities
-
92,275
92,275
**7**
**Net movement in funds**
**2024**
**£**
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for other assurance services
3,600|**Total**
**2023**
**£**
(25)
7,779
7,754
7,754
**2023**
**£**
3,970
400
103
-
3,306
-
7,779
7,779
**2023**
**£**
3,420|
|---|---|
## **8 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
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## **CHRIST CHURCH COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
## **10 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **11 Debtors**
|**11**
**Debtors**|||
|---|---|---|
|**Amounts falling due within one year:**
Trade debtors
**12**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**2024**
**£**
34,338
**2024**
**£**
3,600|**2023**
**£**
7,192|
|||**2023**
**£**
3,420|
## **13 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
## **14 Related parties**
One of the primary purposes of the Charity is to protect and enhance the fabric and gardens of Christ Church Kensington and as such there is a direct relationship with this organisation.
The Charity's bookkeeping and some administration is performed by Christ Church Kensington volunteer staff, free of charge to the Charity .
- 9 -