The Friends of the Church of St Hubert Idsworth Trust Annual Report & Financial Statement For the year ending 31 March 2024 Registered Chanty Numtw. 1168533 2: 2¥iDat Address.. Indecerthnl Ey2mirr'. Mrs Tracy Eggleslon Total kkeepIng Services 67 Castle Road Peregrine House, Foro Lane Rowlands Castle Ford Hampshire r*et P09 6AR BN18 ODF
This Annual Rewrt and Financlal Statement has been prepared in accordance with the current guidance for charity rep)rting and accounting.. the essentials November 2016 upjaled 14 June 2023, is5uad by Ihg Charity Commission lor Engla1 andwales. The Iruslees have elected to puce annual accounls uslng the accruals melhi)d. Structure, Governan & Management The Friends of the Church of Saint Hubert Idsworth Trust also known as The Idsworlh Church Friends Trust, or'Fri8nds Trust. is a Charitable Incorporated Organisation ICIOI established 1 August 2016 for charitable purposes only for the public benefit and is Consliluled as a Irusl. Chafity Tnjstees Name 11 Wil 2tr23 Aprrt)inted Resigned Mr Andrew Callender Chairlsecretsry Mrs Tracy Eggleston Treasurer Canon Wendy Kennedy Trustee & PCC Repfesentatwe Mr Andrew Fisk Truslee Mr Simon Hartley Tnjslee Mrs Ann Hartley Truste8 Mr Michael Driver Trustee Mrs Dawn Bishop Tnjsl The Trustees as al the beginning ol the year are shown in the third column ol the chart above. The number ol Irusless have reduced by one folbwing the appointrnenl ol Canon Wendy Kennedy In October 2023 and the resignations of Mr Andrew CallerKler and Mr Michael Driver in November 2023. Folbwlng the resSgnalion of Mr Andrew Callender as Chair, the Injstees have e1ecl8d lo continue lo function wilhoul a Chair until siLh time as new trustees are appolnled. Th8 trust88s are actively seeking new ways of recruiting new Iruslees into the charity. The following oiganisations may appoint a charity Iruslee, the Parcchlal Church Council of the Church of Saint Hubert Idsworth appointed Canon Wendy Kennedy to represent them as Iruslee. The Parochial ChuTch Council of the church of Saint Hubert Idsworth The Flowlands Casue Association of Rowlands Castle, Hampshire The Board of Governors of Winchester College of Winchester, Hampshire The Trustees adhere lo the Charity Governance Code which Promotes good governance, enables and supports complianc8 with relevant legislatn and regulation- promotes attitudes and culture where everOhing works towards luffilling the Trusts vision. The
Trustees are ever mlTrJftJl of the issues rx)sed by ojvemance, risk assessment arKJ s9feguarding. Such ChaIng0S are kept under review. Objectives The objects of the Friends ol the Church ol Sl Hubert's Idsworth Tru51 are.. For the benefit of the public lo help mainlaln, repair, restore, preserve, improve and enhance Ihe fabric ol the church ol Sl Hutkrt Idsworth. as a place of Christian worship for the local area, and a venue of cholce for sacred and secular events for l%nefit of the videsl p)ssibl8 community. To advance education of the public in the heritage of church and lh8 local area by providing information on ils history and architlure. Achievements & Performan A Trustee ol the Friends of Sl HutErts. Mr Simon Hartlèy, sets out below Ihe achievemants of the past year 2023. In May 2023 there was a Teas and Relreshmenls galherlng al Sl Hubert using our newty acquired marquee. The Dr¢fthod Troubadours provided an entertaining support with their music. Ben and Katie of the SDNP gave an excellent lalk on the area. All contributions nt lowards funds lor the conservallon of St Hvberts. In July 2023 therè was a repeal of the very F)opular Musical PicnSc held in the SUTTounding fields of Sl Huberts . We were blessed wlh perfect weather conditions for the picn1¢ teas in the afternoon and a beautiful sunset evening showing the surroundlng hillsides and Sl Hubert5 al their best. The group Empty Frets entertained the gathering of over 200 guests from the surrounding area as far as Portsmouth and Pelersfield.11 vrds a mo81 enjoyable aftemcon and evening and the proceeds ol the event lolalled circa £2,000 for the tenefil of the conservation of Sl Huberts. In September 2023 there was a return of the 3 day Art Exhibition supportèd by a marquee facility along the south side of the church. The sale of art work from over 30 artists together wth sales from refreshments, donations and a raffle helFed raise clrca £3.000 towards the conseNalSon of Sl Huterts. We are also gralefijl lo the supp)rt of the Rowlands Castle W.1. who supported us over the weekend. A big thanks gS lo all those who contributed their lime in oiganising and assisting on these events. The Friends have suppjrted the considerable conseThalion works on Sl Huberts organId by the churchwarden resrxjnsible for buildings, John Bannell. Phase 1A Porch repairs Phase 1 B Drainage guttèring and works to feduce exterior and interior damp conditions of the building.
The FrES are suppyb'ng Ihe cost ol these prO1ts arnj hwe donat) an init1 £25.C I0d[dS tw phases and are committed to freeling Ihe match fundirrfJ requirerrEnls as and vthen gran15 are approved. We a also indebted to wr local councilloT5 Mrs Marg Harvey IHCCI and Mr Malcolm Johnson IEHDCI Iheir contrnl supt(rt Our long temi InveStEnt created by the receipt ol fijnds from The Margarel Lwe Eslate has maje a substanlk31 rAlVery since the initial iwlrrent in 2021. These assets wll continu8 lo be invested for t lontrierm fof the trEnafil of Sl HulRrts. There have teen significant changes in the group of Tfuslees during 2023. Andrew Callender has stepped down as Ch3irman I prewousty secrelaryl after many years ol strong *dership and commitment to Sl Huberts cause. He has created a strong leam and vras the fIguread ol the Ituslees in all events and an excellent communicator lo the outside world successfully encouraging Iheir support. He will be missed. We all wish Andrew and Nicola tssl wshes and a big thank you from all of us. Mike Driver also slepred d)wn as Iruslee and Vfas a great SUPFQrt in all tyjilding matters. As an Architect he alwayB gavè us sound ILKlgement on difficult building issue5 and fund applications. His expertise in erecling a sizab18 marquee wll te missed. A big thank you lo Mike and Susle for their continued support thich is most apprech8iea. A warm Vrtorne to Wendy Kennedy who has joined the Friends as a Iruslee in 2023. Wendy needs no inlroductson as 8 long serving membèr ol the ministry. We lCoMe her invc4vement with the Friends. and with the PCC. together we 11 be able to continue suppJrting thè conseNalion of Sl Huberts for th8 congregation and the wider community. Policy on Reserves The policy on Reserves is unchanggj from previous years and is sel out below.. The Trust wll opèrate Reserves.. Operating Reserve with the objective lo set aside 3 years of expenditure lo cover the ongoing costs of Ihe Tfust (excluding expenditure for fund raising events) in th8 event of a significanl108s of Tevenue. Matched Funds Rese(ve lo set aside fijnds to cover matched funding obligations from existing grants plus such lurKIs as the trust5 deem appropriate towards matched funding Iof lutuie grant applications. The funds will be commingled with the general cash of the Trust. Use of Ihe funds wll be by application lo the Chair and approved by a malority of the Tfuslees. This F()licy will be reviewed al least annually and in accordance with the Trusts governance programrrE. The table telow prOVe$ a summary of fèserves as al 31 March 2023
Reserve Balance: Matched Funds Reserve enin Balance 1 ri123- Additional Funds enin £3,000 £120,000 £5.000 Closin Balance: £3,000 Closin Balance 31 Mar 24: £125,000 Investment Policy This policy sets out the objectsves of the Investment Ilong and short tam). the trusleos approach lo risk. liquKlity requirements, management and ongoing monitoring and reporting. The investments are managed by a sub<ommitte8 of trustees. Financial Review The March 2024 financial slalemenls have been Fyepared on an accnJals basls using the Charilies Commission lemplale. The Trusl will submit the full accounting template lo the Charities commisslon. with a condensed version shown in this report, omitting those notes in the template Ihat are not relevant to these 8ccounts. Thè Slalemenl ol Flnanclal Activities show that we received more income than paid out in expenses during the year. Tha principle sources of In¢ome are from Evenls1£14,2141 and Donations (£5,277). The main exrendilure relates lo giant paid to Sl Hubert's PCC 1£12.011). Th8 unrealised loss on our inveslmenls decreased by £20.191 to £5,104.
Statement of Friancial Activities RectsnTrr•tsJ ty thty Unrestsknd lthjs fur¥Js TOW furJ5 2024 Tow fvrJ5 2023 IntsJnlThJ rOr4rr•S (p18 11 FOI F02 F03 F04 FOS Donabons an(J legaths 7.149 7.149 2.085 Chaniable ectmbes Othei tra¢Jing achiDos 14.636 2.828 Investr 1,043 Separate matenal rtem of MCL Other 21.023 21.023 6,956 Resources •y4wJgd (Nole 21 EX00ndJra (i'. R81sry fijnds Chantable xtmbes 21221 10,081 Separate matenal rtem ol expense Other 1.405 2.530 Tolal 22A44 23.849 12.611 Nei Inc(Kn(6Xi1f?l bef¢Y• Invostrnent 9&58s) 4,579 3.174 Nel ga$1110$I w WNeslme Nel incuWexp1¥e) 4.S79 3.174 S.655 ExtrrdInary ttems G8ln5 antl1055es on revJuabon ol fj assets lor the chws (rrtm us• .191 20.191 9.911 Other 9{1)55e5I Netmost7*ntin lunds 4,579 18.786 23.365 15.566 ToiAI fvnds brought 321.979 321 J79 337,545 Tot8llunds ¢arrd 18.786 321.979
Balance sheet fur3 Inrne fiJrKIs frjnds Total 2024 Total 2023 F4xed assets F01 F02 F03 F04 F05 InlanoiNe assets Tangible assels Henlage assets Investments (Note 3) Tolal fixfjdossets 193.791 193.791 193.791 193.791 17S.CrfJ5 175.005 Current assets Stocks Debtors (Note 41 2.805 2.805 1,256 Investments Cash at bank and in h8NI (Nole 51 148.868 148.868 151.673 145.838 151.673 147.094 credito.. amoun15 lalllry du8 wltNn cm year INote 61 120 120 151.553 151.553 146,974 TO1818S less c4Mrgnl tiolybb 151.553 193.791 345.344 321,979 CTeditor5.' arnnts falluYJ due after >wr ProvisN)ns for liabilths Tol81 nel 8ssgts ¢Yab<ses 151.553 193.797 345.344 321.979 Funds of the Charity Endowment funds (Note 61 Restn"cled Income lunds (Nole 61 Unrestheled frjnds 193,791 193.791 151.553 175.005 151,$53 146.974 Rewaluation reseNe Tdal funds 151.553 193.791 345.344 321.979 Signed by INeos on behalf cl al Inkn5 Sonalu Prinl Name Dale
Note 1 Analysis of Income Jnd$ bJnd¥ funds Tot812024 Totsl 2023 Giftknj Legxs In b5r 1510 1346 9.149 .1A Chwatr 14.636 14. 2,828 Other 1D43 ar Ire OVEr Sap8rale matanal ol InLXm". chanvs u$8 nghts Oti*r TOTAL INCOKIE 27.023 27,O¥J 6.956
Note 2 Anatysis of exper*Jilure AnatyEL3 TLtsI fvTrJ5 ExpeThJrtwè ry) raL8iThJ thJkJs". Inc Seek" InCUrd seekmg legac¢es Incuffed seeking grarrts Staging lundra151ng events 9210 9210 $40 Fu(jralTr) Operatsno ¢hanty $hcfss OperatiThJ a Ir&Jng company urnlwlakTrJ non<hanlable Advertising, marketsng, dirpci ffl1 a1 Database devet)pment cosls Other tradir¥J actMIw$ lnvestmenl m8nagemenl cosls: 1.676 1.676 Portlolio rn8n8gemenl cosls Investment athTrinrstrJbon ¢05ts InlellectuJ pmperty erj CLKts Rent Colt. Tepw5 &KI 9210 1A)5 10.615 1.676 2216 Grant Costs Granl Paid 12.011 11011 9y1 9.S41 I211 11011 9541 9.541 Totsl Other Insurar 185 Annual F8è 1JJ 120 13) 120 sorare & Websrte Fees 279 279 Kliscellaneous Fees 248 248 TOTAL EXpENDVRE A44 iQ936 1.676 12,612
Note 3 Inveslmenl assets 3.1 Flx•J a1$ knv88trw Tdal CaNwng IPdirl vahje ai io. 164.070 175.Cl)S th.. addthons 10 irNeslments 1.405 Le55. impairnonts Ad14&Ul. transler 1{[} m Ihe ).191 20,191 CaryrvJ Ifairl at ywr 17.495 193.791 Note th81 all rteff In 3 are ShC al Imir f•rv& Note 4 Debtors and prepayments 4.1 Analyss of doblixs 2024 Trade dabtOf5 PrepayTrenls and ac4Juod Inc(*r 2.805.0 1256.0 Other debtors 2.805.0 1.256.0 Note 5 Cash at bank and in hand 20rJ 85.C 1C(),000 Cash at bank and M hand 45.838 Other Tolal 148.868 145,838
Note 6 Creditors and acfflials 20.1 Analysis of txeditors Amryjnts lalliry due wthni Am(nIX 181ng due after than yèar on& year 2024 2023 2024 2023 Accruals for grants payable Bank knans aT¥J overdra Trad6 trèdrtors granls Accruals and deferred inCM0 120 120 120 120 Tayab"on a1 security Other tredit(ws Tolal 120 120 120 120 Note 7 Chgrty fvrAIs TTr•PEEE R IKle<l Furrt .191 un1jFU 146JT4 1S1.$53 T)p•E R UR" I76 10 140.914 Td 311.919
Independent Examiners Report to the Trustees of The Friends of the Church of St Hubert Idsworth Trust Rospoctlv8 Responslbllltlos of Trustses and Examlnor The thantys trustees are respc51b1e for the preparalion ol Ihe accounts. Tr ctwitls trustees consider that an audil is rK)t required for L'S r under Sects 144 01 ts Chantses Act 2011 {the Chariti'es Act} and that an independent examinatson is needed. It is my resF#)n%bilty to.. examine Ihe acco der secb¢x1 145 of Ihe Charities A J lo fdlow Ihe pr¢xedures laid dcr•m in Ihe general Directicns given by ihe Charity Ccffimission (undef secbon 145(5Xb) of Ihe Chanbes ACL and lo state whethef pa'cUlar mallefs have come to my attentn Basls of Independent Examlnern Statement My examination VAS carried oul in accord¢8 general Direc*'ons gven by the Charity Commissicm. An examinabon indudes a rewew of the aCcnts.1¥j recJ)rds kepi by Ihe chan'ty and a c(xnparison of the accounls presenled those reo)rds. It also IndleS consideration of any unusual rtems or disdosures in the accounts. and seeknrvJ explanabons frcffi the trustees ccerThng any such matters. The edureS undertaken do noi promde all the evidence thal would be required in an a11. and consequenlly rK• opnion is given as to whether ihe accounts wesent a Irue and farf vthv and the rewl is limrted to those matters set In the slalerrnnl belcw. Independent Examlnern Stllernenl In c(nei with my examinats'on. Tr) material rnattws have ccrn to my attenb.cm gives me cause10 believe that in. any malerial respect. accounbng records %%ere not kew in acc(Kdance with section 130 01 the Charits'es Acl or the accounts do nol accord wilh Ihe accwnts'ng records I have ccffie across rbo other matters in conneth'on 'th the examinatson to wh'ch attenb'on shId be drawn order to enable a woper undersianth'ng ol the accounls to be reached. Suned: Dated: 20" May 2024 J Arthur ACCA Chartered Accountanl. lor and on behalf of Tal Bookkeeping Services Address: Peregrine House. Ford Lane. Ford, Arundel. West Sussex BN18 ODF