Registered Charity Numbgr. 1144283 THE JAMES ALFRED AND EMMA CLARA HALL FUND FINANCIAL STATEMENTS 31 DECEMBER2023
THE JAMES ALFRED AND EMMA CLARA HALL FUND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER2023 CONTENTS PAGE Detsils of trustees and advis5 Trustees, annual report Independent Examiners, report statement of financial adwities Balance sheet Notes to the finanal statements 8-14
THE JAMES ALFRED AND EMMA CLARA HALL FUND DETAILS OF TRUSTEES AND ADVISERS Managlng trustses: The Revd L F Davi8 VFrarol StAndroWs Churth M8MSwa Mts C J Cal Mr l Riches ChurdMBrden of St AndYevKs Church Custodlan trustee: The St Abans, t)keSan Board of Finan Officers Mr R C Levene, Treasurer Mrs P H Wilkie, Secretary Mr A Colley, AAwsor Prlncipal address St Andre$ Church KTmt#)Iton Road 8e<lford MK40 2NQ Independent Examiws VlctOri8 )0r6 FCCA MDG Business A$SaleS Limit Chartered Ao2)untants & Registered Auditors Roc¥n 73. Wrest Fbjse Wrest Park Silsoe Bedford MK45 4HR Bankers The Central Board of Finance of The Churth Of EngkrKI 85 Qlen Victoria Str88t LTrYJon EC4V 4ET
THE JAMES ALFRED AND EMMA CLARA HALL FUND TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER2023 The trustees psent their r8POrt and financial slatements of the tariiy for the year end8d 31 Dember 2)Z3, 1¢h have been prepared in accordan with the Trust Deed. The trustees have adopted the provisi$ of ACCnting and Reporting by Charities: Statem8nt of Recomm6nded Prauxicg applicable to charities prèparing their accounts in aC0)rdan with the Frnancaal Report#YJ Standard applicable in the UK and Repthlic of Ireland {FRS 1021 (effe¢tive 1 January 20191. LEGALAND ADMINISTRATIVE INFORMATION The Trust W88 created by the will of the Eate Jame3 Hall vtho died in September 1962. By the terms ofthe Trust Deed. ino)me a(Mukted for21 years until 1983. Upon the death in August 1997 of James Hall's d8ughter. Miss Edith Winifra Hall, the accumulatsd capital vms transferred to the James Alfred and Emma Clara Hall Fund. The in()me is now available to fund the (*artiable objects of the Trust. The charity exists in order lo appty its forthe follThw'ng. as the trustoes in their absolute discretion think ffiL'_ . extensions to St AThlrev/s Church, Bedford and for rnantalning Ihe fabTh¢ of tho buihying: . maintaining the Garden of Rest 3. the relief of poverty of the ekjety in the Partsh or of those connected wth the Chuich. 4. the general rejDus purposes of St AndtEWs Churth. We conffmi that we have refej to the guidan giv in the Charity Comrnission'8 general guldance on benefft and give full regard to the public benefit en reviewing, plannkng and implementing cyJr objectwes and arns. I trustees are appointed ex offilao. The capital is hekl on behalf of St Andrews Church by St Alban's DK)cese as oJstcKlian trusteè.
THE JAMES ALFRED AND EMMA CLARA HALL FUND TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 ACTMTIES AND ACHIEVEMEMrs Al the year end lh6 accumulated capilal fomiiTrJ th8 Endowmenl Fund amounted to £4.81 mlllion (2022 - £4.42 mill Grants were awarded tr) St Andrews Churd) Parochial Church cour11 am(nting to £113,098 12022 - £95,506) wth total expenditure for the year of £108.163 (2022 - £101,568). This was in order to support the parish workers, to frJrKI Money Advice at St. Andrew'$ (MASA) and variou5 repairs and replaCemts to the thurch compl8 INVESTMEKr poucy Jt is the polry of the trustees to invest the assets of tharity in Ihe CBF Churrh of England Funds. The assets are spread across the de5X)si( the fixod interesl securtlies the share8sed investrnent and Ihe propety fuTrJs offered by the CBF Church of England Funds. The are specrfioalty desaned for suth holdings. GRANT MAKING POUCY As detetrnined by Ihe Trust Deed, the ttee9 awar(1 grydnts orly to the parish and parishK)ners of St Andre¥Vs Church, Bedford. RESERVES POLICY The trustees u)n8Kler that the reservgs are adequate to net the ngeds ofthe charity as they provide the core commitrnent for the coming year, which mMItmentS are under review. As the tharty 1$ a grant makng organisatDn rl is able io adjust its expenditure to keep within its income from time to time. The th¥ity relie8 on the continuing voluntary commilfflent of the Injstees and offKr&
THE JAMES ALFRED AND EMMA CLARA HALL FUND TRUSTEES ANNUAL REPORTIcth7 YEAR ENDED 31 DECEMBER 2023 THE TRUSTEES The trustees seryed the charity during Ihe year were as follo. Revd L F Dams Mr. l G Smith - resigned 23 Ppril 2023 Mrs C J Calkn Mrs C G Worxl- re5pJned 21 Aprl 2024 Mr l Rich&s- appKjin 23 April 2023 Ms M Swabs was apkx)inte(l a trustee F)St year end IM) 21 April 2024. TRUSTEES, RESPONSIBILrriES Tre Charittes Act requires the trustees to prepare financial statements for each ffirbanci21 y8ar give a true and fair wew of the state of afrdifs of the tharity at the end of th8 year of in(x)mirvJ and outy)irNJ resourcEs for the year then endod. In preparing Ihose financial statements, the tnjstees a roquwgd to select suitab19 accounting policies and then appty them c#)nsistently, maknng wdgem&nts and estimates that are reasonable and prudenL The Irustoes must also prepare th8 financial stal8menls on the golThJ concem basis unless it is inappropriate to presume that Ihe thartty wll Intinue Its aLvitie$. The trustees are responsit4e for keepg pn)per accounting rpcords which disdose with reasonable acracY at time the fffi•aal posibon of tharity and lo enable th8m to ensure that th8 financial statements comply wrth thg Charities Act 2011. The Injstees are also resFS1b1e for safeguarding 8S5eis of tharity and hen lor taking reasonable steps frirthe pr8ventKM atxl deteth. of fraud and other irregularits& Signed on tohalf of the INes Mr l Rl(es Approv&1 by the trustees on .. ..
THE JAMES ALFRED AND EMMA CLARA HALL FUND INDEPENDENT &XAMINERS' REPORT TO THE TRUSTEES OF THE JAMES ALFRED AND EMMA CLARA HALL FUND(continued) YEAR ENDED 31 DECEMBER 2023 I report on the accounts the y8ar 618d 31st Dec6mb8r 2023 set out on pag8$ 6 10 14. Rèspectlvè rèsponslbllities of trustses and axamlner Th& charitvs trustees are responsiblè for the preparation of lh8 accounts. The charity's Injstees wnsld8r that an audit is not required for this year (under Section 144(21 of the Charillgs Act 2011 (the 2011 a)d that an Independtt examinatrjn is required. It is my responslbilty to: -8xamin8 the a(X(nIS under Section 145 of the 2011 -to foNow the pr(Kedures laid down in the General DirectM)n$ given by the Ch8rlty Commissmxk (under Sgction 1495)(bl ol lh8 2011 Act)" a1 -to state whether partlcular matters have come to my attenlK)n. Basis of the Independent examlnerfs rewt My examination was carried out in accordanc* th the General Directions given by the Charity Commission. An examinatlon includes a review of the ac(x)unting rpcords kept by the charity and a cOmparisc of the a(L¢)unts presented with those records. It also includes (onstderation of any unus1 ttems or di5cbsures r¢ the accounts. and s6aking explanations frum you as trustees conceming any such matters. Tlk w(wJures undertaken do not provide all the eV1(kn Ihat would bo required in an audit. and consequenty no opinion is gNen a5 to wh8th8r the aCCnts wesenl a IFue and fa ew. and the rert is linited to those tter$ set out in the statements below. Independent examlnefg Statement In Ixynnection with my examinatth, matter has u)rne to my attention: {1) 1) gives me rea9Thb cause to believe thac in any material rospecl the requlrements -to keep accounting r8cvrd5 in acaJrtlanc8 with Seclion 130 of the 2011 . and -to prepare accounts which accord with Ihe ac%JxJnting Tr(x)rds and lo c(xnply with the accounting requirements of the 2011 Act h8ve not been m8( Of {2) to which, in my opinion. attenlN)n thul(J drawn in order to enable a prcyer uThJerstanding of the ac(x)unts to be reached. Victoria Moor8 FCCA MDG Busine8s Associates L wnited Chartered AGcountants Room 73, Wst House Wrest Park Silsoe Bedford MK45 4HR
THE JAMES ALFRED AND EMMA CLARA HALL FUND STATEMEtrif OF FINANCIAL ACTNMES YEAR ENDED 31 DECEMBER 2023 Unrestrict• Endowrngnt Furnls Funds 2023 2023 Total Funds 2023 Total Funds 2022 Notss Incoming resourc88 Investment InMe Total Incomlng resources 2,1 2.190 138,925 138,925 141,115 139,437 141.115 139,437 Resources expgndod Charltable oXPon(&ture: Costs in ftlrtheran of charitable 0tr48rts Management and admlSIratK)n Total Resources exp¢ndgd 106,963 1.100 108.063 11E963 1,506 1,100 1,062 108,063 101,568 Unrealisod and realised gainsl(kMes) on investments 7,892 391.546 399N38 {613,350} Nel resources for the year before transfe (97,981) 530,471 432,490 (575,481) Transfer between fvls 138,925 {138,925) Net movement in fvnds relating to the year Balances brought foThvard Balances carrÈed ftjrwdrd 391,546 432.490 1575,4811 190A15 231,359 4.424.317 4,614,732 5,190.213 .815,863 5,047.222 4,614,732 The st4t8ment of financial aGtiwtles indudgs 811 gains and l¢)sses reo)gnised in the year. All inc>)me arKJ eXpendure derives from con1inu1 adivitw. Tha rS M p>Je5 8 to 14 fM part of these tsnfial statements.
THE JAMES ALFRED AND EMMA CLARA HALL FUND Balance Sheet 31 DECEMBER 2023 2023 2023 2022 2022 Notès FIXED ASSETS Investments - Capital Funds Investments- Income Funds 4815.863 151,273 4.967,136 4,424,317 38,381 4,462,698 CURRENT ASSETS Debtors Cash at bank 38.980 42.206 81,186 35,201 120,936 156,137 CREDITORS: Amounts falllng due withln one year 1,100 4,103 NET CURRENT ASSErs 80.086 152,034 NET ASSErs 5,047,222 4,614,732 FUNDS Unreslricled Income Endowment TOTAL FUNDS 10 11 231.359 4,815,863 5,047,222 190,415 4,424,317 4,614,732 These financial statements were approved by the trustees on the THE REVD L F DAVIS I RICHES The notes on pages 8 10 14 form part of these financial statetmenls.
THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL sTATEMEPs YEAR ENDED 31 DECEMBER 2023 1.ACCOUNTING POUCIES Buis of accounti The financial statements ofthe tharity. thlth is a publ tenefit entity urKJer FRS 102, have been pr8pareiS in accorda wrth the Chariues SORP IFRS 102) 'Accountlng and Reporting by Charikn'gs: Statement of Re(x)mmended Pract1 applicabl8 to charlties preparirKJ theiraccounts in accordance with1he Finaniaal ReportirKJ Standard applicable in the UK and Republic of IFdand (FRS 102) (effectNe 1 January 2019),. as amended by Update Bulletin 2 pubtished in Octiker 2019, and Ihu Chartlies Act 2011. The financial statements 1Ve been prepared under the htstorical Ix)st GonventK)n. Investh)enl assets and Income Investrnents are shown at market value. Reald arbd Unrea gaing ar losses In the year are tsho in the statement of final181 activities. Gains aThJ k)sses ar8 Iculated at the basis of the pr8¥u5 balarth sheel Wdluation or the purchase (x)st whichevar is k)wer. Investment income is Gredited to the yoar io whK it relates. Tax credts ar8 matthed to the year in whlch the investment ino)me cre(hled. Grants and other oxp8ndltw Grants and other exKETrJilure are tharged to the Statement of Fmantlal Activities on an acCILlS basis. Fund accounting Unrestricted funds can used in accL)rdance V•lth the tharitabte objectives at the discli0n of the tNstees. Onty the income from En(k)wment FurKJ, vthth i8 transterr&J to the UnTBStricted Fund each year. be spenl, though il is FLtsSibFe b borrow nM)ni8s from the Endowment Fund wilh slal permi8SX)Tr from the Chaiity commissi(erS. Further explanation ofthe naknre and puTse of each fund is induded in tl notes lo the financial 2.CONNECTED CHARrriES The James Alfred aTrJ Emma aara Hal Trust ha8 some trustees are also members of the Part)chial Churth Council. J)Jring tho year gTrnts aMnting to £113.098 (2022 - £95.5061 were awarded. INVESTMENT INCOME Unrestrl¢ted EndovAnent 2023 2022 Interest CBF Flxed inter8sI se¢uritf8s fvnd CBF Property fimd CBF Investment fund CBF Global Equity fuTrJ 2.190 2,19) 1,740 4635 4,635 5.577 13.519 13.519 13,519 107,646 107.646 105.476 13,125 13.125 13.125
THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMETrTrs YEAR ENDED 31 DECEMBER 2023 4. COSTS IN FURTHERANCE OF CHARrrABLE OBJECTS Unrestslcted ENlo4Th7gnl Tolal Funds Funds Funds 2023 2023 Total Funds 2022 Provlsion of Gharitable seryices: Grants for Ministy Grants for AdministratNe support Grants for Church enhanrnents 36.695 61,067 9.201 lo663 36,695 35.242 61.067 63.758 9.201 1,506 106,963 1(K),5¢ Analy51s of provlsion of charllable service8: 2023 2022 Grants for Minlstry Youth Worker Verger Muslc Director Loojm Organrsts Choristers Parish Nurse- Wages Expenses 18,963 17,3CKI 6,569 6.242 10.410 9.660 395 1.067 36,695 35,242 Grants for Administrallvo Support Centre Manager Adminlstralive Assistant Careiaker Cleaner Employerfs Natk)nal Insuran Employerfs Pension contr1jutS Recruitment Expenses Payroll, IT, Printing aThl Trainng Money Advice Administrative Assislant SMP & ShPP Childrens, wort(erfs expenses 2829LI 26.280 10.536 9,6 13.860 12,636 5.729 6.379 1,037 529 1,903 1,846 90 452 216 554 720 8.687 (1,314) 13,942} 737 61.067 63,758
THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 DECEMBER 2023 Grants for Church Enhancements 2023 2022 Swrft boxes Solar Panels Repl8ment pathway Lighling 738 6,196 3.005 9,201 1,506 Unrestrl¢tsd End<p*mont Total Funds Funds Funds Total Funds Examination fees Other 1,062 1,1 1.062 6. TrANSFERS BETWEEN FUNDS The capital of the Trust has arisen a(wmulation of the cY the estate of James Atfred and Emma Clara Hall and is hekl by the trustees as a pemianent Endowment Fund. Th8 income from this Fund i8 transferred to Ihe Unr8slriC Fund each year. Unrestrkled Endowment Total Total Transfer ofewendatrAe Endowment inojme 138925 {138,925) -i(
THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 7. INVESTMENTS a. CAprrAL FUNDS Movement in market value 2023 2022 Market value at 1 January 2023 Nel gains on revaluatlons in th8 year erKled 31 December 2023 Market valu8 at 31 December 2023 U24317 5,032,547 391,546 4,81S.863 {608,230) 4,424,317 HlslorThl c4)st at 31 December 2023 2,415,679 2,415,679 Analysis of investments at 31 December 20rJ Total Funds 2022 Funds 2023 CBF fixed interest securittes fuNI CBF prOpetyful CBF investrnent nd CBF Global Equity fId Cash on deposit 216,444 254,413 3.813,813 530257 938 4,815,863 205,005 271,047 3.485,851 461,478 4,424,317 Hlstorical (x)st al 31 tkcemb8r 2023 2,415,679 2,415,679 b. INCOME FUNDS Invested In CBF investment funds 2023 2022 Market value at 1 January 223 Purchases Net gains on revaluations in the year erKJed 31 December 2023 Market value at 31 Docembei 20r3 38.381 105.ODO 43,501 7.892 151,273 15,120) 38,381 Historicd cost al 31 December 2023 125,5T8 20.578 8. DEBTORS 2023 2022 Debtor5 38.890 35,201 Debtors repsent interest dMderKls rgceivable on fiJTrJs nvestgj. -li-
THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 DECEMBER 2023 9. CREDITORS: Amounts falllng due within onè ypar 2023 2022 Accruats 1,100 1,0 3,053 4,103 pcc 1.100 10. ANALYSIS OF NET ASSEfs (l)eiween rnstricted and unrnstrlcted fun(ts) Other net Total assets 23 Total 2023 2022 Unrestrfcied Inme FLThI 231,359 231,359 190,415 11. ENDOWMENT FUNDS Balance at Incoming & Outgolng & 1 Jan 2023 Revaluations Transfer4 Balance at 31 Dec 2023 peMnnI endo*Thents Endowment Fund 4424,317 530h71 1138.925) 4,815,863 12. ANALYSIS OF NEf ASss BETWEEN FUNDS Unrestricted Endtrwment Funds Funds Total Funds Total Funds Inv8Stm8nt8 Debtors Cash at bank CUnI liatlitYaS 151273 38.980 41206 (1.100) 231259 4814863 4.967,136 38,980 41206 11.100) 5.047222 4,462.698 35.201 120,936 14.103) 4,614,732 4.815.863
THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 12. FINANCIAL COMMITMENTS Thg Trust has no pa#J employe8s. However. n Ihe past it is committed to ntInuing to support the wsl of ceriain employees (rf St Andrthws Church for the foreseeable future. These are the Youth Worker as wpll as ts Church Centre Manager, Administrative Assistant, Verger, Mush21 Directorslorganists arml Choristets, Parish Nurse, Caretsker and Cleaner of St Andrebrfs Churth. The c(Mnmifment for am thesg Fosts amounts to an estlmats of £113,600 per annum. The siS wll be met by accumulated and fijttjre ir7come. This commitment has been rev1 wilh the PCC arxl there Is to be a (*ange to the approach with effect from Janary 2025. 13. CONTINGEKf UABiufiES The Trustw confirm that Ihere a no (xKrtIrMJI liablllties to rewrt as at 31 Denber 2023. (2022 - £NII). 14. TRUSTEES, REMUNERATION AND RELATED PARTES The trusl88s r1vod no remuneratp)n or olh8r b8n8frts in the year frn the Fund12022 £Nill There werg m trust$. eXrSeS pard in the year by fhg Fund (2022- £Nill. Other than Ihose SpellY disclosed the rKJtes to the finanual ststsm8nts there wera no other outstanding balances with relatgj parties as at 31 CkeAmber 2023 (2022- £Nill.
THE JAMES ALFRED AND EMMA CLARA HALL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 15. COMPARATIVES FOR ATEMEr OF FWANCIAL AcfMTIES Unrestri(aed EThYovmioTrt Funds Funds 2022 2022 Total Funds 2L122 InGomlng r950urces Investment incorne Total Incomlng rosourc¢s 1.740 1.740 137,697 137,897 139.437 139.437 Resource# exponded Charltable eXpendIre. Costs in furtherance of chantabla c Management and administi3tion Total Resources exponthd 100,5( 1,062 101,5&8 100,506 1,062 101,568 Unrealis6d and réalsed galns on investrnents 15.120} (&J8.230) 1613,3S)) Not resources forthe LfOre trBnsf& {104,948) 1470.533) (575.481) Transfer beiw88n funts 137,697 1137,69n Net movem8nl in funds relatlng to the year Balances broughtforward Balanc65 foNtsrd 32,749 (608,230) (575,481) 157.666 I).415 5.032,547 4,424,317 S.1,213 4.614,732 -14-