Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 06 04 2023 To 05 04 2024 Section A Reference and administration details Charity name Radnor Walk Congregational Church Other names charity is known by Registered charity number (if any) 1126827 Charity's principal address C/O 9 Hyde Park Crescent London Postcode W2 2PY ~~——~~ Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any) 1 Ann Batey 2 Michael Phillips Chairman 3 Glenys Earnshaw 4 Manon Browning 5 Glesni Thomas 6 7 8 9 ~~Sp~~
Section A Reference and administration details
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
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| Accountant | LB Group | Number One, 1 Vicarage Lane, Stratford, London, E15 4HF |
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
TRUST DEED
(eg. trust deed, constitution) TRUST How the charity is constituted
- (eg. trust, association, company)
Appointed by Trustees Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
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Section C Objectives and activities
| Summary of the objects of the charity set out in its governing document Summary of the 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 object of the Deed of Trust dated 30 January 1880 relating to Radnor Walk Congregational Chapel was to provide Protestant Dissenter members with premises in Radnor Walk, Chelsea, London for the Public Worship of God and similar purposes. Whilst the original Church building in Chelsea has been sold, the Church continues to operate. 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. |
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| When undertaking our activities for the year the Trustees have considered the Commission’s guidance on public benefit. The Trust has continued to support the operational running of the Church in EastCastle Street having entered into a sharing agreement with two 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. In addition, the Trustees have supported other institutions and causes in London which relate to Welsh language education and worship. |
Additional details of objectives and activities (Optional information)
The Trustees do not wish there to be adverse risk associated with the investments. This low risk strategy has worked well to date. The charity continually ensures that its investment fund and programme is correctly managed and invested in a consistent manner that allows for maximum capital growth amidst a low risk environment. The charity employs the services of Brown Shipley, investment specialists in maintaining and managing their portfolio to ensure that the risk of Trustees managing the You may choose to include funds/conflicts of interest are greatly reduced. Taking the advice of our further statements, where advisors into consideration, the Trustees have made the decision to move relevant, about: from the most cautious of 5 investment mandates to the next level - an income mandate.
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance
Summary of the main The Trust has continued to support the upkeep and the development of achievements of the charity the chapel at Eastcastle street. In addition the Trust has supported the during the year purchase of a grand piano and remedial work at the front of the chapel in order to create a higher quality performance space.
The Trust has continued to support the London Welsh school.
Section E Financial review
To have sufficient reserves to invest in short term needs but also to retain Brief statement of the a portfolio long-term. When possible, the charity currently reinvests charity’s policy on reserves unused reserves into its investment portfolio. Details of any funds materially in deficit
Further financial review details (Optional information)
The charity’s principle source of funds is the realisation of gains in You may choose to include investments and continual monies generated from their investment additional information, where portfolio. Whilst the charity policy is to continually reinvest all of its relevant about: investment gains there is a constant need for general charitable the charity’s principal expenditure. sources of funds (including any fundraising); Expenditure for large one off payments is approved by the Board of how expenditure has Trustees. In addition, there is ongoing support for the operational running of the EGCLL. supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
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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
Signature(s) Full name(s) Mike Phillips Position (eg Secretary, Chair, Chairman etc) Date
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| Charity Name | No (if any) | ||
|---|---|---|---|
| Radnor Walk Congregational Church | 1126827 | ||
| Receipts andpayments accounts | CC16a |
For the period Period start date Period end date To from 06/04/2023 05/04/2024
Section A Receipts and payments
| Unrestricted funds Restricted funds Endowment funds Total funds Last year |
|
|---|---|
| to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ |
|
| A1 Receipts | |
| Dividends and investment income 59,685 - - 59,685 51,859 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Sub total(Gross income for AR) 59,685 - - 59,685 51,859 ~~=—=>>=>=~~ |
|
| A2 Asset and investment sales, (see table). Investment portfolio - sale proceeds of equities and bonds 543,518 - - 543,518 524,758 - - - - - Sub total 543,518 - - 543,518 524,758 Total receipts 603,204 - - 603,204 576,618 ~~a=~~ |
|
| A3 Payments | |
| Salaries 18,000 - - 18,000 18,000 Accountancyfees 3,630 - - 3,630 3,450 Management fees 23,428 - - 23,428 24,673 Charitable donations 42,478 - - 42,478 81,065 Bank charges 60 - - 60 78 Sundryexpenses - 3 - - - 3 100 - - - - - - - - - - - - - - - Sub total 87,593 - - 87,593 127,366 ~~aaa~~ |
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| A4 Asset and investment purchases, (see table) Investment portfolio - purchase of equities and bonds 568,964 - - 568,964 430,867 - - - - Sub total 568,964 - - 568,964 430,867 Total payments 656,557 - - 656,557 558,233 Net of receipts/(payments) - 53,353 - - - 53,353 18,384 A5 Transfers between funds - - - - - A6 Cash funds last year end 146,831 - - 146,831 128,447 Cash funds this year end 93,477 - - 93,477 146,831 ~~=—aees=~~ ~~=======~~ |
CCXX R1 accounts (SS)
25/07/2024
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|---|
| Categories B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Details Details Current account Investment account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio - equities and bonds |
Unrestricted funds to nearest £ 29,058 64,419 - 93,477 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs 2,368,405 Fund to which asset belongs Fund to which liability relates |
Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - Amount due (optional) - - - - - |
Endowment funds to nearest £ |
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| Endowment funds to nearest £ |
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| Current value (optional) |
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| When due (optional) |
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Signed by one or two trustees on behalf of all the trustees
Signature
Print Name
Date of approval
CCXX R2 accounts (SS)
25/07/2024
2
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees Charity Name Radnor Walk Congregational Chapel On accounts for the year 5 April 2024 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 charity (“the Trust”) for the year ended 5 April 2024. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the 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 all 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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
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
Oct 2018
1
IER
E15 4HF
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Oct 2018
2
IER