ST. JOHN’S HOUSE TRUST (BRIDGEND
REGISTERED CHARITY NO. 1147340
COMPANY REGISTERED BY GUARANTEE NO. 7843012
TRUSTEES’ REPORT & ACCOUNTS
FOR THE YEAR ENDED 31[st] December, 2023
1
St John’s House Trust (Bridgend)
Contents
| Item Trustees' Annual Report (consistng of:) Reference and Administratve Details Governance, Management and Structure Objectves and Actvites Achievements & Performance Public Beneft Risk Management Financial Review Reserves policy Responsibilites of Trustees |
Page(s) |
|---|---|
| 3 3 4 4 4 4 4 5 5 |
2
REFERENCE AND ADMINISTRATIVE DETAILS
Trustee Details from 31[s ] December, 2023 to the Approval of these Accounts
Ken Hinton Wendy Hinton Jacky Brown Graham Mallaghan Ian Price Wendy Gardner
Changes to trustees during the year
None Bankers Barclays Bank 36, Dunraven Place Bridgend CF31 1JB Charity Registration number 515965 Contact Name and Address Ken Hinton 14 Cefn Glas Road Bridgend CF31 4PG
STRUCTURE, GOVERNANCE & MANAGEMENT
Governing Document
The Trusts’ governing documents are the articles submitted to the Charity Commission on its conversion to a Charitable Incorporated Organisation on 19[th] July, 2022.
Recruitment and Appointment of Trustees
The Trustees are appointed in accordance with that document. No remuneration was paid to any of the trustees during the year.
The charity is administered and managed by a Management Committee, comprised of the trustees listed on page 2 and other non-trustee members.
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OBJECTIVES & ACTIVITIES
The objects of the Charity are specifically restricted to the following:
to preserve for the benefit of the people of Bridgend County Borough and of the Nation, the historical, architectural and constructional heritage that may exist in and around St John’s House in buildings (including any structure or erection, and any part of a building as so defined) of particular beauty or historical, architectural or constructional interest.
and
The provision of facilities for recreation and other leisure-time occupation in the interests of social welfare with the object of improving the conditions of life for the persons for whom they are intended.
ACHIEVEMENTS & PERFORMANCE
The hear saw a sharp rise in the number of visitors to the house, which led on to income from both the shop and donations increasing. During the year the house was, again, open twice a month and several fund raising events held during the period.
The Trustees were grateful to receive a grant from the Architectural Heritage Fund to fund for the services of a consultant to review the sustainability of the organisation. The report to be received in 2024.
During the year the Trustees were able to meet one of the main objects of the charity since being formed. That is the purchase of the freehold of property from the Old Buildings Preservation & Restoration Trust. A major achievement in the history of the trust.
Over the next 12 months the Trustees are looking to recruits more volunteers, providing mor events and investigate grants to keep the building in good order.
PUBLIC BENEFIT STATEMENT
The trustees confirm that they have complied with the duty in the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit. As stated elsewhere in this report, the charity’s charitable activity work is clear evidence of both the identifiable benefit provided and the relation of this benefit to the charity’s aims.
RISK MANAGEMENT
The trustees continually examine the principal areas of the charity’s operations and regularly consider any major risks that may arise in each of these areas. The risk management policy is currently undergoing review - which will lead to an update of the procedures for managing major risks.
Reserves Policy
The trustees are aware of the need to accumulate sufficient reserves such that the charity can continue in operation should there be an unexpected drop in funding. It is the policy of the charity to hold reserves representing around twelve months total running costs, which gives an approximate target of £,5000. In addition other monies are received for maintenance of the building.
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STATEMENT OF TRUSTEES' RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
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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 operational existence.
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 and the provisions of the governing documents. 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.
It is the opinion of the Trustees that the building, due to its historical, cultural and social value, is recorded as a heritage assets in compliance with the Charity Commission’s statement of recommended practice and as such the value is recorded as the purchase value and there are no depreciation or valuation charges.
Ken Hinton Ian Price Chairman & Trustee Treasurer
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St John's House Trust (Bridgend) 1144340
Receipts and payments accounts
Period end date To 1/1/2023 12/31/2023
For the period from
CC16a
Section A Receipts and payments
| Unrestricted funds |
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 | ||||||||
| Donations & Legacies | 2,958 | - | - | 2,958 | 1,157 | |||
| Charitable Activities | 3,042 | - | - | 3,042 | 2,462 | |||
| Grants | 3,610 | - | - | 3,610 | 6,375 | |||
| Bank Interest and Compensation | 668 | - | - | 668 | 66 | |||
| Other | - | - | - | - | - | |||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| Sub total(Gross income for AR) | 10,278 | - | - | 10,278 | 10,060 | |||
| A2 Asset and investment sales, | ||||||||
| (see table). | ||||||||
| - | - | - | - | |||||
| - | - | - | - | - | ||||
| Sub total | - | - | - | - | - | |||
| **Total receipts ** | 10,278 | - | - | 10,278 | 10,060 | |||
| A3 Payments | ||||||||
| Raising Funds | 7,961 | - | - | 7,961 | 4,824 | |||
| Fees for purchase of St John's House | 1,633 | - | - | 1,633 | - | |||
| Fees - Heritage Network | 100 | - | - | 100 | - | |||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| **Sub total ** | 9,694 | - | - | 9,694 | 4,824 | |||
| A4 Asset and investment | ||||||||
| purchases, (see table) | ||||||||
| Purchase St John's House | 50,000 | - | - | 50,000 | ||||
| - | - | - | - | |||||
| **Sub total ** | 50,000 | - | - | 50,000 | - | |||
| **Total payments ** | 59,694 | - | - | 59,694 | 4,824 | |||
| **Net of receipts/(payments) ** | - 49,416 | - | - | - 49,416 | 5,236 | |||
| A5 Transfers between funds | - | - | - | - | - | |||
| A6 Cash funds last year end | 61,692 | - | - | 61,692 | 56,456 | |||
| **Cash funds this year end ** | 12,276 | - | - | 12,276 | 61,692 |
Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Restricted | Endowment | |||||
|---|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | funds | |||
| to nearest £ | to nearest £ | to nearest £ | |||||
| B1 | Cash | funds | Bank accounts | 12,276 | - | - |
| - | - | - | ||
|---|---|---|---|---|
| - | - | - | ||
| Total cash funds | 12,276 | - | - | |
| (agree balances with receipts and payments account(s)) |
OK | OK | OK | |
| Unrestricted | Restricted | Endowment | ||
| funds | funds | funds | ||
| Details | to nearest £ | to nearest £ | to nearest £ | |
| B2 Other monetary assets | - | - | - | |
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| - | - | - | ||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
|
| B3 Investment assets | - | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
|
| B4 Assets retained for the | Property - St John's House | - | - | |
| charity’s own use | - | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| Fund to which | Amount due | When due | ||
| Details | liability relates | (optional) | (optional) | |
| B5 Liabilities | - | |||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print Name | Date of approval |
|
| Ian Price | ||||
| Kenneth Hinton |