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 Ey2mir￿r'. 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 Engla￿1 andwales. The Iruslees have elected to p￿uce 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 legislat￿n 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 ChaI￿ng0S 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 archit￿lure. 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 g￿S 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 organI￿d 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 FrE￿￿S are suppyb'ng Ihe cost ol these prO1￿ts arnj hwe donat￿) an init￿1 £25.C￿￿ I0￿d[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 contrn￿l supt(rt Our long temi InveSt￿Ent created by the receipt ol fijnds from The Margarel Lwe Eslate has maje a substanlk31 r￿AlVery 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 fIgure￿ad 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 V￿rtorne 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 trust￿5 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 prOV￿e$ 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 subwr ProvisN)ns for liabilths Tol81 nel 8ssgts ¢Y*ab<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,$53 146.974 Rewaluation reseNe Tdal funds 151.553 193.791 345.344 321.979 Signed by IN*eos on behalf cl al In￿kn5 Sonalu Prinl Name Dale Note 1 Analysis of Income Jnd$ bJnd¥ funds Tot812024 Totsl 2023 Giftknj Legx*s In ￿b5￿r￿￿ 1510 1346 9.149 .1A Chw*atr 14.636 14. 2,828 Other 1D43 ar￿ Ir￿e 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" InCUr￿d seekmg legac¢es Incuffed seeking grarrts Staging lundra151ng events 9210 9210 $40 Fu(jral￿Tr) Operatsno ¢hanty $hcfss OperatiThJ a Ir&Jng company urnlwlakTrJ non