2022-04-05-accounts

Dttusign EnvÈlopÈ ID". D03E2A4tk145844AC-82C(kOD3567232E78 Trustees. Annual Report for the period Period start date Peri(Kl end date th Jay Month ear From To Section A Reference and administration details Charity nam Radnor Walk Congregational ChurGh Other names charity is known b Registered charity number (if any 1126827 Charity's principal addres 10 9 Hyde Park CreS￿nt ondon ostcode 22PY Names of the charity trustees who manage the charity Date5 athd if not for whole ear Trustee name Office lif any) Name of person lor body) entided toa int trustee if an Ann Batey Michael Phillips Anne Crawshaw Chainnan Resigned 0110112022 Glenys Earnshaw 10 12 13 14 15 16 18 19 20 Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates actsd if not for whole ear TAR March 2012

Dttusign EnvÈlopÈ ID". D03E2A4tk145844AC-82C(kOD3567232E78 Names and addresses of advisers (Optional infomiation) e of adviser Name Address LB Group umber One. 1 VI￿rage Lane. Stratford. London, E15 4HF ccountant Name of chief executive or names of senior stsff members (Optional infonnation) Section B Structure, governance and management Description of the charity's trusts TRUST DEED Type of governing document {eg. trust deed, constitulio How the charity is constituted {eg. trust. ass tion, compar TRUST Trustee selection methods {eg. appointed by, elected by) Appointed by Trustees Additional governance issues (Optional infomiation) You may choose to include additional infomation, where relevant, about.. policies and prO￿dureS adopted for the induction and training of twstees. the charity's organisational structure and any wider network with which the tharity works., relationship wrf(h any related parties- trustees, consideration of major risks and the system and Pro￿dureS to manage them. TAR March 2012

Dttusign EnvÈlopÈ ID". D03E2A4tk145844AC-82C(kOD3567232E78 Section C Ob'ectives and activities The object of the Deed of Trust dated 30 January 1880 relating to Radnor Walk cOng￿gatiOnal Chapel was to provide Prolestant Dissenter members with premises in Radnor Walk, Chelsea, London for the Public Worship of God and similar purposes. Summary ofthe objects of the charity set out in its governing document Whilst the original Church building in Chelsea has been sold, the Churth conb.nues to otErate. Its members worship as part of a combined church with two other churches in a building on Eastcastle Street, London W1. This is known as Eglwys Cymraeg Canol Llundain. The Trust supports the running of this Church alongside other organisation that operate in support of the original remit relating to Welsh language Christian worship and education. When undertaking our aclivitEs for the year the Trustees have considered the Commission's guidan(£ on public benefit. Summary ofthe main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) The Tnjst has continued to support the operational running of the Church in Eastcastle Street having entered into a sharing agreement with Iwo other Welsh Churches. There has been significant work carried out to maintain the church building in the last year or so and these are continuing. This year there has been significant investment and work on the front of the chapel and the toilets in the basement. There was a need for radical Work in the area and this has involved replacing the front steps as as well as the front support beams. In addition, Ihe Trustees have supported other institutions and causes in London which relate to Welsh language education and worship. Additional details of objectives and activities (Optional inforniation) TAR March 2012

Dttusign EnvÈlopÈ ID". D03E2A4tk145844AC-82C(kOD3567232E78 The Trustees do not wish ther8 to be advers8 risk associated with ihe investments. This low risk strategy has wothed well lo date. The charity continually ensures that tts investment fund and programme is correctly managed and invested in a o)nsistent manner that allows for maximum capital growih amidst a low risk environment. The charity employs the seNices of Brown Shipley, investmenl specialists in maintaining and managing their portfolio to ensure thal the risk of Trustees managing the fundslconflicts of interest are greatly redu￿d. You may choose to include further statements, where relevant, about.. policy on grantrnaking., policy programme related investment., contribution made by volunteers. Section D Achievements and performance Summary ofthe main achievements of the charity during the year The biggest athievernent in the last year has been ensuring that the Church in Eastcastle Street has reopened its doors for worship for the members In terms of the operath)nal running. the Trust has needed to increase ils monthly investment. Alongside of this major building WO￿ has been c2nied out including the installation of newstone sleps as well as structural supports. Water Ingress in the toilets has been an ongoing issue for decades and investment has been made to address the issues here. The Trust has invested just short of £90,000 {NOTE Do we have an exact figure) in the building in order to finan￿ the Work. This has been made in return for an equty share ofthe building, should the building be sold at any time. As we recover from the pandemic, the Trustees have continued to wo with our advisors Brown Shipley on the investment side. Section E Financial review The charitys prinuple source offunds is the realisation of gains in investments and continual monies generated from their investment portfolio. The tharity policy is lo use the gains for charitable purposes Ihat frt with the core pury)ose of Ihe Twsl. Expenditure is approved by the Board of Twslees. In the last year, that has included fvjnding major building works and increasing the monies to operationally njn the shared Church. When work is needed, then quotes are obtained to ensure that Ihe supplier has a track record of delivering and the quotes are seen as value for mone Brief ststement of the charity's policy on reserves TAR March 2012

Dttusign EnvÈlopÈ ID". D03E2A4tk145844AC-82C(kOD3567232E78 Details of any funds materially in deficit Further financial review details (Optional inforniation) The charities principle source of funds is the realisation of gains in investments and continual monies generated from their investment portfolio. Whilst the charity policy is to CAinlinually reinvest all of its investment gains there is the need for general charitable expenditure. You may choose to include additional informalion. whe relevanl about.. the charity s principal sources of funds (including any fundraising)., how expenditure has supported the key objectives of the charity- investment policy and objectives including any ethical investment policy adopted. Expenditure is approved by the board of trustees and whilst there is ongoing support in the payment of the salary ofthe Minister Ihere is an approval only at l)oard level of large one off expenditure. When wort( is needed, in each case quoles are obtained to ensure thal there is no conflict of Inte￿$t and that works are undertaken in a timely and efficient manner. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees. report above. Signed on behalf of the charity's trustees Signaturels) Full name(s) Mike Phillips Position leg Secretsry. Chair. etcl Chainnan Dat 13-10-22 TAR March 2012

Dttusign EnvÈlopÈ ID". D03E2A4tk145844AC-82C(kOD3567232E78 CHARITY COMMISSIO FOR ENGLAND AND WALE Radnor Walk Congyegatlonal Church 1126827 Receipts and payments accounts CC16a For the period To 0610412021 0510412022 Section A Receipts and payments Unrestricled funds Rèstricted furMIs Endowmènt funds Total funds Last year lothe nèarest É tothe nearestÉ tothe nearest£ 10t￿ nearest£ to the nèarest£ A1 Receipts Dividends and invesbnenl income FA).876 60.876 70,251 tota ross income AR) &).876 60,876 70,251 A2 Asset and invesiment sales. see table Investment portfolio . sale rocee(Is of e ultles an(1 bonds 647,018 647,018 645,659 tota 647.018 647,018 645.659 707,894 707,694 715,910 ents 17.iWO 3,550 27.453 65,810 78 17.000 3,550 27.453 65,840 78 12,000 3,120 25,005 25,175 Accountancy lees Managernenl fees Charitable donabons ank Gh3tges Sub total 113,921 113.921 65,378 A4 Asset and investment Investment portfolio - purchase of equities and bonds $78,386 595,993 595,993 Sub total 595,993 595.993 578,386 709,913 709,913 643,764 Net of receipts/{payments) A5 Transfer5 between furKIs A6 Cash funds last year end Cash funds this year end 2.019 2,019 72,146 128.447 128,447 130,466 CCXX R1 a¢¢ounts ISSI 0611012022

Dttusign EnvÈlopÈ ID". D03E2A4tk145844AC-82C(kOD3567232E78 Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted funds Endowment funds to n&8ro8t £ Catcgorits B1 Cash funds 20,779 Investrnentaccotsnt 107,668 Total cash funds 128,447 Unrestrlcted nds Restrlcted nds End¢)wment funds Details tr• nearest£ to nearest£ to nearest £ 62 Other monetary assets FurKlto which assèt bekn Current Ydlu onal Detalls Invtrsbxertt ptylt(4￿>. tyjuthes an¢ Cost loplionall B3 Investment assets 12995 Fund to whlch asset bebn Current value Details ost lopr4onall B4 Assats retained for the charl￿S own use Fund to whlch rvlatgs ountduo Ylhon duo Details BS Liabilities Signed by we ortwo ttustees on b&half of all the Iruslees Date of roval 13-10-22 Signatu Print Name Mike Phillips CCXX R2 a¢¢ounts ISSI 0611012022

Independent examiner's report on the accounts

Report to the trustees/ Charity Name members of Radnor Walk Congregational Chapel On accounts for the year 5 April 2022 Charity no 1126827 ended (if any) Set out on pages 1-2 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above 5 April 2022.

• Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act .

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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• accounting records were not kept in accordance with section 130 of the 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.

Signed: Date: Name: RICHARD LANE FCA Relevant professional Institute of Chartered Accountants England and Wales qualification(s) or body (if any): Address: Number One, 1 Vicarage Lane Stratford, London E15 4HF

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

1

October 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

2

October 2018

IER