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CANBURY PARK CHURCH TRUST
ANNUAL REPORT
FOR THE YEAR ENDED 21 SEPTEMBER 2024
REGISTERED CHARITY NO. 1146287
Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST
REGISTERED CHARITY NUMBER 1146287
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 2 |
| Report to the trustees | 3 - 4 |
| Annual report | 5 |
| Receipts and Payments Account | 6 |
| Statement of Assets and Liabilities | 7 |
| Notes forming part of the financial statements | 8 - 12 |
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CANBURY PARK CHURCH TRUST
REGISTERED CHARITY NUMBER 1146287
TRUST INFORMATION
Trustees
Mr P Cooper (Chairman) Mr P Woodcock Mr P Simpson
Principal Office
77 Thetford Road New Malden Surrey KT3 5DP
Bankers
Co-Operative Bank 17 High Street Kingston-Upon-Thames KT1 1LP
Accountants
Oliver Clive & Co Limited Chartered Accountants 14 David Mews London W1U 6EQ
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CANBURY PARK CHURCH TRUST
REPORT TO THE TRUSTEES FOR THE YEAR ENDED 21 SEPTEMBER 2024
The trustees present their report and financial statements for the period ended 21 September 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 governing document, the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the Statement of Recommended Practice, “Accounting and Reporting by Charities” (FRS 102).
Structure, governance and management
The trust is governed by a deed of trust dated 7 November 1995 and is a registered charity (charity number 1146287).
The trustees who served during the year were:
Mr P Cooper Mr P Woodcock Mr P Simpson
Apart from the first trustees, every trustee must be appointed by a resolution of the trustees at a special meeting called under clause 15 of the trust deed.
Objectives and activities for the public benefit
The objectives of the trust are to advance the Christian Faith through services provided to people in the Royal Borough of Kingston Upon Thames; to relieve persons in need of hardship, or who are aged or sick; and to promote and fulfil such other charitable purposes beneficial to the community.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy in the year.
Review of activities for the period
The trust has raised funds through gifts, donations and rental income for the purposes of fulfilling its objectives. During the period these objectives were met through donations, services and activities provided.
The trustees may invest the unrestricted funds in any type of investment as seen fit.
Reserves Policy
It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that funds at this level will ensure that in the event of a significant drop in funding they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised.
Risk management
The trustees have examined the major, strategic, business and operational risks that the charity faces and confirm that the systems have been established to ensure that these risks are minimised.
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Independent examiner
The trustees have reappointed Oliver Clive & Co Limited as independent examiner to undertake the independent examination of the trust.
Trustees' responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (FRS 102).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material
-
departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that
-
the charity will continue in business.
Trustees
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on and signed on their behalf by 26 March 2025
Mr P Cooper Chairman
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CANBURY PARK CHURCH TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 21 SEPTEMBER 2024
I report on the financial statements of the Trust for the period ended 21 September 2024, which are set out on pages 6 to 12.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(1)(a) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility:
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to examine the accounts (under section 145 of the 2011 Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)b of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Emma Benjamin CA Independent Examiner Emma Durjomiv, 14 David Mews Oliver Clive & Co Limited 8AE66F8A2F5646E... London Chartered Accountants W1U 6EQ
27 March 2025 Dated ......................
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Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST
REGISTERED CHARITY NUMBER 1146287 RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 21 SEPTEMBER 2024
| Incoming Resources Donations Other receipts Total Incoming Resources Resources Expended Expenditure on raising funds Expenditure on charitable activities Total Resources Expended Net expenditure for the year and Net movement in funds Fund balance at 21 September 2023 Fund balance at 21 September 2024 |
Notes 7 7 8 9 12 |
£ 171,423 44,748 216,171 145,683 105,115 250,798 (34,627) 1,187,058 1,152,431 Unrestricted Funds |
£ - - - - - - - 716,950 716,950 Restricted Funds |
Year Ended 21-Sep-24 Total £ - 171,423 44,748 - 216,171 145,683 105,115 250,798 (34,627) 1,904,008 1,869,381 |
Year Ended 21-Sep-23 Total £ - 80,776 476,943 - |
|---|---|---|---|---|---|
| 557,719 | |||||
| 138,402 100,350 |
|||||
| 238,751 | |||||
| 318,968 1,585,040 |
|||||
| 1,904,008 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the incoming resources and resources expended derive from continuing activities.
The notes on pages 8 - 12 form part of these financial statements.
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Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST REGISTERED CHARITY NUMBER 1146287 STATEMENT OF ASSETS AND LIABILITIES AS AT 21 SEPTEMBER 2024
| 21-Sep-24 | 21-Sep-23 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Freehold Properties | 2 | 2,887,735 | 2,918,282 | ||
| Fixtures & Fittings | 2 | - | 5,979 | ||
| Property development | 2 | - | - | ||
| 2,887,735 | 2,924,260 | ||||
| Current Assets | |||||
| Debtors | 5 | 66,320 | 4,500 | ||
| Cash at bank and in hand | 42,412 | 131,455 | |||
| 108,732 | 135,955 | ||||
| Creditors: Amounts falling due within | |||||
| one year | 6 | (113,710) | (115,792) | ||
| Net current assets | - | 4,978 - |
20,163 | ||
| Creditors: Amounts falling due after | |||||
| one year | 6 | (1,013,376) | (1,040,415) | ||
| Total Net Assets | 1,869,381 | 1,904,008 | |||
| Represented by | |||||
| Unrestricted funds | 11 | 1,152,431 | 1,187,058 | ||
| Restricted funds | 10 | 716,950 | 716,950 | ||
| Total Funds | 1,869,381 | 1,904,008 |
26 March 2025 The financial statements set out on pages 6 to 12 were approved by the Trustees on and were signed on their behalf by:
platBA3604C6CBD6493...DocuSignedCooperby:
_______ Mr P Cooper Chairman
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Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
1 Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention
The financial statements have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRS102), the Charity (Accounts and Reports) Regulations 2008 and the Charities Act 2011.
1.2 Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when received.
The value of services provided by volunteers has not been included.
1.3 Resources Expended
All expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be recovered and is included in the relevant costs in the statement of financial activities.
Direct expenditure comprise the cost of donations made; other expenditure includes costs incurred by the charity in delivery of its activities and services for its beneficiaries. Governance costs are those incurred in connection with the administration of the charity and compliance with the constitutional and statutory requirements.
1.4 Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are subject to specific conditions by donors as to how they may be used.
1.6 Fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Furniture and Equipment 25% straight line Freehold properties 1% straight line
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Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
- 2 Fixed assets
| Cost Cost as at 21 September 2023 Additions Disposals Revaluation Cost C/fwd at 21 September 2024 Depreciation Accumulated depreciation at 21 September 2023 Depreciation Charge Impairment Accumulated depreciation at 21 September 2024 Net book value at 21 September 2024 Net book value at 21 September 2023 |
Property Freehold Furniture + development properties Equipment £ £ £ 14,361 3,054,711 34,162 0 0 0 0 0 0 0 0 0 14,361 3,054,711 34,162 14,361 136,429 28,184 0 30,547 5,978 0 0 0 14,361 166,976 34,162 0 2,887,735 0 0 2,918,282 5,978 |
Total £ 3,103,234 0 0 0 |
|---|---|---|
| 3,103,234 | ||
| 178,974 36,525 0 |
||
| 215,499 | ||
| 2,887,735 | ||
| 2,924,260 |
Freehold properties are held at historical cost.
3 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
4 Net Expenditure
Net Expenditure are stated after charging:
| Net Expenditure are stated after charging: Independent examiners fee 5 Debtors Gift Aid provision Loan to Balcombe Accrued income Prepayments |
Year Ended 21/09/2024 £ 3000 Year Ended 21/09/2024 £ 62,370 3,950 0 0 |
Year Ended 21/09/2023 £ 3000 |
|---|---|---|
| Year Ended 21/09/2023 £ 0 4,500 0 0 |
||
| 66,320 | 4,500 |
The loans are interest free and repayable over 10 years.
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Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
6 Creditors
| Creditors due within 1 year Accruals Bank loans current portion Kingdom Loan Mortgage Account Loans from members Creditors due after 1 year Bank loans Loans from members Kingdom Loan Mortgage Account |
Year Year Ended Ended 21/09/2024 21/09/2023 £ £ 3,000 3,000 81,152 82,086 29,558 30,706 0 0 |
|---|---|
| 113,710 115,792 |
|
| 488,039 518,817 20,554 20,554 504,783 501,043 |
|
| 1,013,376 1,040,415 |
The two mortgages include a £360,000 mortgage loan taken out on Rydens Road, Walton, for a term of 5 years with an amortising profile based on 15 years, together with a £255,000 mortgage loan taken out on Livesey Close, Kingston Kingston, for a term of 10 years and fully amortising.
7 Incoming resources
| Gifts & Offerings (Including Gift Aid) Other receipts Face value gain on Investment Property Rental Income Event Income Mortgage Contributions Interest received |
Year Year Ended Ended 21/09/2024 21/09/2023 £ £ £ £ £ Restricted Unrestricted Total Restricted Unrestricted funds funds funds funds funds - 171,423 171,423 5,000 75,776 444,476 - 7,090 7,090 - 4,920 - 25,559 25,559 - 15,547 - 12,000 12,000 - 12,000 - 99 99 - - |
|---|---|
| - 216,171 216,171 5,000 552,719 |
8 Resources expended - Expenditure on raising funds
The amount paid in the year comprised of the following:
| Events & Activities PPS/Advertising Other Donations Finance costs Repairs & Maintenance Independent examiner fee Bank charges |
Year Ended 21/09/2024 £ £ £ Restricted Unrestricted Total funds funds funds |
Year Ended 21/09/2023 £ £ Restricted Unrestricted funds funds |
|---|---|---|
| - 29,459 29,459 - 7,381 7,381 - 4,930 4,930 - 81,033 81,033 - 19,777 19,777 - 3,000 3,000 - 103 103 |
- 17,014 - 7,058 - 8,267 - 85,145 - 17,814 3,000 - 105 |
|
| - 145,683 145,683 |
- 138,403 |
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Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
9 Resources expended - Expenditure on charitable activities
| General church supplies Cleaning Depreciation Equipment Insurance Light, Heat, Water &Rent and Rates Subscriptions Training Travel Computer running costs Prior year Gift Aid Adjustment |
Year Year Ended Ended 21/09/2024 21/09/2023 £ £ £ £ Restricted Unrestricted Total Unrestricted funds funds funds funds - 35,524 35,524 21,983 - 5,899 5,899 4,732 - 36,525 36,525 39,088 - 9,867 9,867 3,037 |
|---|---|
| - 4,609 4,609 2,310 |
|
| - 10,447 10,447 9,949 - - - - - - - 420.000 - 1035 1035 1732 - 1,208 1,208 4,044 - - - 13,055 |
|
| - 105,115 105,115 100,350 |
10 Statement of restricted funds
| Statement of restricted funds | ||||
|---|---|---|---|---|
| Year | ||||
| Incoming | Resources | Ended | ||
| 22/09/2023 | Resources | Expended | 21/09/2024 | |
| £ | £ | £ | £ | |
| Movement in the year | 716,950 | - | - | 716,950 |
| Year | ||||
| Incoming | Resources | Ended | ||
| 22/09/2022 | Resources | Expended | 21/09/2023 | |
| £ | £ | £ | £ | |
| Movement in prior year | 716,950 | 5,000 | (5,000) | 716,950 |
In 2017, the Trust received restricted donations for the purchase of property on 50 Ryden Rd. This amount remains in restricted funds.
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Docusign Envelope ID: 7B836422-2DAF-40E7-B34B-E7F2F82D0004
CANBURY PARK CHURCH TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
11 Statement of unrestricted funds
| Movement in the year Movement in the prior year Analysis of net assets between funds Fund balances at 21 September 2024 are represented by: Current assets Fund balances at 21 September 2023 are represented by: Current assets |
Incoming Resources 22/09/2023 Resources Expended 21/09/2024 £ £ £ £ 1,187,058 216,171 250,798 1,152,431 |
Incoming Resources 22/09/2023 Resources Expended 21/09/2024 £ £ £ £ 1,187,058 216,171 250,798 1,152,431 |
|---|---|---|
| 1,187,058 216,171 250,798 1,152,431 |
||
| Incoming Resources 22/09/2022 Resources Expended 21/09/2023 £ £ £ £ 868,090 552,719 233,751 1,187,058 |
||
| 868,090 | 552,719 233,751 1,187,058 |
|
| Un-restricted Funds Restricted Funds Total £ £ £ 1,152,431 716,950 1,869,381 |
||
| 1,152,431 716,950 1,869,381 |
||
| Un-restricted Funds Restricted Funds Total £ £ £ 1,187,058 716,950 1,904,008 |
||
| 1,187,058 716,950 1,904,008 |
12 Analysis of net assets between funds
13 Related Party Transactions
During the year the 3 Trustees had total reimbursed expenses of £5,083.39 (2023: £6,718.18 ). Dean Dryden, who is a key management personnel had expenses reimbursed in the year of £1,453.36 (2023: £3,132.19).
Cathryn Cooper, spouse of Trustee Philip Cooper, is a related party to the Trust, had expenses reimbursed of £3,163.67 (2023: £3,960.88) in the year.
Tom Sweatman, who is a key management personnel had expenses reimbursed of £571.58 (2023: £nil) in the year.
Pete Woodcock, who is both a Trustee and management personnel had expenses reimbursed of £719.13 (2023: £417.62)
Paul Simpson, a Trustee had expenses reimbursed of £2,837.33 (2023:£1,861.59)
Philip Cooper, a Trustee made gifts to the Trust of £nil (2023: £535.12)
Emma Sims, a Key management personnel operates a credit card in her name for Trust costs only. Total paid in the year to reimburse the monthly statements was £25,635.10 ( 2023: £nil).
The majority of above expenses relate to Events and General Supplies, particularly where payment is required online or online or over the phone, and the Trust does not have a payment card.
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