NAPIER HALL TRUST CharSty Re8lstratioa Number 1176571 TRUSTEES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
NAPIER HALL TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 1024 I. ADMINISTRATIVE INFORMA710N The NaplerHallTrust15 a charllywhlch wa5 re8lstered wlth the Charlty CDThmlsslon on 8JanuHry2018 wlth reglstratlon number 1176571. It was prevlouslya chaTIty excepted from reglstration with the Ch3rlty Commlsslon. The prln¢lpal address Is Napler Hall. Hlde Place. London SWIP 4NJ The Managlng Tru5tee5 who have served from lJanuary2024 untll thedate of this reportwere.. Rev G¥aham Buckle Mr Edward Barkpr luntll 12 May 20241 Mrs Suzanne Standring luntll 11 May 20251 Mr Marthew Morony (between 12 May 2024 and 11 May 20251 Mr Beulah Adeoye and Mr Phillip Perkin5 Iboth Irotn 11 May 20251 The CustodlanTrustee isThe London Dlocesatt Fund. 2. STRUCTUR4 fjOVERNANCE AND MANAGEMENT The Napler Hall Trust15 governed bythe provisions of a conveyance and trust deed dated 16 February 1905 as amended by a Scheme dated 6 january 1987. The body of Man8glngTrustees shzll conslstwhen Cofflplete of not le5S than three and not more than five competèni persons bein£ three ex-officlo Managlng trustees and not more thon iwo CO-OPtod M3nag5ng Trustees. The ex-offlcS0 ManaBlngTrusiees shall be the Vltar and Churchwardens of the P2rlsh of 5t. Stophen wlth St. John Westmlnsterall forthe tlme belngand bymrtue of thelr rEspe£tlve Offi. 3. OBJECTIVES AND ACTIVITIES The objectives (pf the Napler Hall Trustare the maintenance and upkeep of the NaplerHall and of the Parfsh Church of St Stephen with St John We5tmln5ter and 5ublectthereto In fvrtherlnE the rellglovs and other charftable workof the church ol England in the said Parish. When plannlng the actlvitle5 fof the year, the Trustees have ¢onsldered the Chailty Commls51on'sguldance on publlc benefit and, In parrlcular, the specific 8u1daTr on ch8rlties for the advancernent of religion. The Napler H811 has prevSou51y been used bythe members of St srephen's Church In fu¥therlngthe work of the church wlthin the parlsh and was avallablo for hire to members of the local and widercotnmunlEy. It Is now leased on an exclu51ve basls to the Chlldcare and Learnln8Group Ic&LI for use a5 a nursery. Any Income ar151ng* whl¢h Is not requlred for the malntenanceal NapierHall,15 donated to the ParDchlal chUh CDuntll ol St Stephen wlth Sl John, We5trnln5ter. 4. ACHIEVEMENTS AND PERFORMANCE The lease5 for the flr5t floor and ground floorof Napler Ha11 were asslgned to C&lwith effect from l July 2020. Both leases run untll 8 May 2031 and the trustees agreed to change the lease for the 8round ftoor to allow C&L excluslve v5e for the m81nderOt the lease 3t an addltlonal rent of E25,¢K)O per annurn. ChaTrgestothE legal do¢umentatlon are In progre55. Some of the groupswhlch used the hall prlor to the lockdown In March 2020 nDW Use St stephen's ChfjAr¢h In Rothester Row or the Parlsh Sittlng Room In St Stephen's House.
NAPIER HALL TRUST ANNUAL REPORTCONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 5. FINANCIAL REVIEW Income of thÈ Napler Hall Tr£F5t eKceeded expendtture by £79,747. Full detalls are shown in the ftnanclal statements attached. The income arising from the letting of the hall h8s risen substantlally In the lasi four years to £177,181 12020 £150,310 before provision for bad debt) followlng the renegot¢atlon of the leases in 2016 and C&L taking exclusive use ol the hall. The income includes contributlons to the cost of heatin& electricity, water and Insurance. The total expenditure Incurred during the year was £116.89412023 £129,004). The costs include a "rent" 017% of the rents received from the nursery leases which is payablo to the Church Commlssloner5, A donalion of £70,000 has been made to the PCC ol St Stephen with Stjohn, Westmlnster. It is the policy ot the Trustees, having taken account of the reserve5 of Pepys Twining Trust which are 3vailable to fund the cost of maint3inlng the Napler Hall, to maintain cornbined reserves of £120.000 as a conttngency for the maintenancÈ of thÈ Naplpr Hall. At 31 December 2024, the Napier Hall Trust ha5 reserves of £661,706 12023 E573,6061 held on dep051t and ITr COIF Charities Investment Fund unlts Isee note 10 of the acContS) and Pepy5 Twining Trust had available resejves of £24,637. 6. RELATED PARTIES None of the trustees have been paid 3ny remuneration or received any other benefits from an employmentwith the charity or a related entity. No trustee expenses hawe been incurred. The Napier Hall is managod by the PCC and the trustees are also trustees of the PCC. Charge5 are made to the Napier Hall Trust for the expenditure relating to the hall and for thp cost of the management of the hall 35 set out in Notes 7, 8 aftd 11 of the 3ccounts. The trustg.g.s pay a Eubstantial donatlon each year to the PCC. Approved by the Trustees on ¢tober 2025. Reverend Graham Buckle Chair of Trustee5
NAPIER HALL TRUST INDEPENDENT EXAMINER'S REPORT TOTHETAUSTEES OF NAPIER HALL TRUST FOR THE YEAR ENDED 31 DECEMBER 20Z4 I report tothelrustEè#on myexamlnotlonoltheaccount50f NapterHallTruA lorth8yearended 31 Det•mbr2024. whlth aEeset outon page$5 lo 10, R•spDDslblltl•$•nd b•$¥f T•POrt Asthetharltytru51e¢syouar¢ TespohSlbleforth¢ prepafatlonol¢heac¢ouThts InaccoTd8neewllhthe requlrementsof thaCharftle5 Ad20111'thtrAcYI. I reportln respect of myexamlnatlonoflheTrusVJ t0sCarI[ed0lndQrSQeI10n 145oflhe2011Act¥d Incanylngoutryexamlnatlon I havofollow4d oll theappNcableDtrectlonsgfver•byth2Charltycomm15s1on underseLtlon 14515llbl oltheAcL Ind•pEnd•nt eMmln•rfsstatem•nt I haCOmpletedMye¥arn1natl0Th. I wnflrm thatnomaterfal rn3ltersh•vecometo myattetttlon In coftnpctloTrwiihtheeK3mlnallonwhlth glves mecau5eto bellevethat, In anymatgrlalre5pert: l. accotInKreC(¥45were notkept In rospectoftfvoTrustaSTequlred bys•¢tlon 130oltheAtL'or 2.th•accountsdo not0rd wlththosèrec¢rds,'or 3. theaccduntsdo noteomplywth theappllcablerequlTrmentsconternln8theformandcontÈntof accountsset out In theCharlUÈs IA¢tounts ènd Reports) Re8ulatTot)$2Cn8otherthan anyrequlrément thatthoattount$8lve a'trueandfalr, vlv whleh lsnot a matterconslder¢d aspartof a IndependenteX1fv1E1on. I he noeoneernsand ha¥ecome8tr0s$ no othermotters Innn910n1fh theexamln#tlontowhkh attentlon should be drawnln ims reportln ord¢rtoen8ble a propÈrunderst8nthn8ofthe attvunts to bo rè8thed. IndependentExamlner: Heathercheesman FC4 Chlthest2rAtr)untln8 104 Stockbrfi48¢R¢ad Chlthester WestSu5sex P019 98QP 27 Octot)e/ lO£S.
NAPIER HALL TRUST STATEMENT OF FINANCIAL ACTivifiES FOR THE YEAR ENDED 31 DECEMBER 2024 2014 Unrestrlcted Unrestricted Funds Funds 2023 Notes INCOME AND ENDOWMENTS Voluntary intomÈ Activltles for generating funds Incorre trom investments 6b 177,181 19,460 174,766 13,748 TOTAL INCOME 196,641 188,514 EXPENDITURE Charitable actitreS Raising funds 100,709 16,185 106,170 22,834 7b TOTAL EXPENDITURE 116,894 I29,4 NET INCOME 79,747 59.510 BEFORE INVESTMENT GAINS Gains/l1055esl on investments 3,3S2 12,490 NET MOVEMENT IN FUNDS 83.099 72,000 TOTAL FUND5 8Roufjpif FORWARD 1,054,032 982,032 TOTAL FUNDS CARRIED FORWARD 1,137,131 1,054,032 Note.. A51 the above financial activities re13te to unrestricted funds.
NAPIER HALL TRUST BALANCE SHEET AT 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS TanElble fixed a55ets InvestmEnt5 475,425 151,766 627,191 480,426 14B,414 628,840 CURRENT ASSET5 Debtors and prepayments COIF Charitles Deposlt Cash at bank and In hand 3,267 402,237 140,395 54S,899 3,119 232,776 319,770 555,66S LESS LIABILITIES: AMOUNT5 FALLING DUE WITHIN ONE YEAR 35,959 130,473 NET CiJRRENT A55Ffs 509,940 425.192 TOTAL NET ASSETS 1,137,131 1,OS4.032 FUNDS Unrestricted fund io 1,137,131 1,054,032 Approved by the Trtsstees on 23 October 2025 and signed on their behalf bv.. Reverend Graham Buckle Chair of Trustees
NAPIER HALL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2024 I. ACCOUNTING POLlaES Napier HallTrust Is a publlc berbefit entity withln the meaningof FRS102. The account5 have been prepared In accordèTrcewlth the St2tement ol Recommended Practlce.. Accountlngand Reportlng by CharItS prepaylngtheli accounts In a¢¢ordancewlth the Flnanclal Reportlngstandard applicable In the UK and Fiepubllcof Ireland IFRS 1021 Issued on 16 July 2014 and wlth the Charltles Act 2011. The accounts have been prepared underthe hlstorical cost conventlon with items recognlsed at cost or transactlon value unless otherwlse stated In the notes to the accounts. Funds General funds represÈnt the funds of theTrust that are not subject tts any restrlrtlons regardlng thelruse and are avallable for appllcation on the general purposes of the Trust. Funds designated for a partlcular purpose by theTrust are also un¥estricted. The accounts Irbclude all tYansa¢iions, assets and Ilabllltlesforwhlch theTrust 15 responslble. In¢omlngresour<es Otherlncome Rental in¢tsme from the lettlnÉ of the Napler pfall premlses Is ocogfftised when the rental 15 due. Income from Investments Divldends are accounted forwhen due and payable. Interest entltlements are accovnted for asthev accwE. Any tax recovErablE on such Income Is reco8nlsed the sae aicountlngyear. Current a55ets Arnountsowlng to the Trust 4t 31 Dembe1 In respect of fees, rents orothei Income are Shown as debtor5 less prO510n foramounts that may prove uncollectable. Flxed Assets As detalled under note 2. freehold land and bulldlnES cornprlses the Church hall known as Napler Hall. The TrustEes Intreduced the'deemed cosv of the bulldlng based on Its Insurante valuatlon. The Trustees have decided that 85 the currentvalue reflects previou5valuatSons, the Trustees are permltted to retain the book amount 5uble£tto an Impalrmellt revlew wherÈ there15 an indlcatlon thal Irnpairrnent may have occurred. As the useful economie Ilfe is consldered to be at least 200 years, wlth depreclatlon provlded at 0.5% on 3 strdight Ilne basls. an annual impalrment revlewwlll be ret31ned In anycase. Equiprnent used wlthin the premise51s depreclated on I 5trèlEht Ilne basis overfive year5. Indlvldual Iterns of equlpmentwlth a purchase prlce of less than £500 or less are wrhten off when the asset Is èqulred.
NAPIER HALLTRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Freehold land Flxtures and and bulldlngs Flltln 2. TANfjIBLE FIXED ASSETS Total C05t At l January 2024 Additions At 31 December 2024 536,404 34,326 570,730 536.404 34326 570,730 Depreclatlon At l January 2024 Charge for the year At 31 December 2024 59.004 2,682 61.686 31,300 2.319 33.619 90,304 5,001 95,305 Net book volue At 31 December 2024 474,718 707 475A2S At 31 Oecember 2023 477.400 3,026 480,426 The freehold land and bulldlng Is Napier Hall sltuated at Hlde Place, London, SWIP 4NJ. The hlstorlcal costof thls property Is deemed to be the value estimated hy thÈ TT1fr5tee5 as at November 1997 for Insuran¢e purposes.. and15 con51dered to bo a falr estlmate of the currentvalue In use ol Ihe property. The current Insuran value of the Napier Hall IS £2,326,565. The cost of the fixture5 and fittlngs compri5e5'. Ovens Ifully depreclatedl Heatlng Improvements Ifully depreclatedl Kitchen refurblshment Ifully depredatedl Emer8ency1Sghting Ilully depreciated) Heatlng Improvements- radlatDr valvEs 468 3,291 24,010 L284 5,273 34,326 3. INVESTMENTS Market value at l January 2024 Rewdluatlon galn Market value at 31 December 2024 148,414 3,352 151.766 The Investments comprlse 7,478.69 COIF Cha¥ltle5 Investment Fund Income unlts 4. DEOTORS AND PREPAYMENTS 2024 2023 Rents recelvable Other debtor5 Le55.' prov151on for bad debt 32,375 3,267 132,3751 3,267 32,375 3,119 132,3751 3,119
NAPIER HALL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 1024 1024 2023 S. CREDITORS AND ACCRUALS Amountowed tc the PCC of St stephen wlth Stjohn, Westmln5teT Other credltor5 DEposIt 26,726 B,983 250 123,690 6,533 250 35.959 130.473 6. INCOME AND ENDOWMENYS al Voluntary Income gonatlon from Pepys Twlning Trust bl AdlvStles forgeneratlng funds Rents receSvable 177,181 174,446 cl Investment Income Interest rece5ved 0Svldend5 recelved IS,329 4.131 19A60 9,674 4.074 13,74B TOTAL INCOME I9641 188,194 7. EXPENDITURE al Charltable actlI1e$ cleanlng and rubblsh colle¢tlon Insurance Llght, heat and water Repalrs and Ma*ntaCe- see note 9 below Depreciatlon of property and flKtures Supporl tosts- see note 8 below DonatlDn ta PCC of St Stephen wlth Stjoh 2,(192 13.687 1.813 5,001 8,116 70,000 100,709 2,211 11,113 6,452 8.795 7,599 70,000 106,170 bl Cost of ralslng funds Rent- Church Commlssloners tesal fees Support C05ts- see note 8 below 11,OY5 13,431 4,500 4,903 2Z,834 5,090 16,185 TOTAL RESOURCES EXPENDED 116.894 129,004
NAPIER HALL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 ALLOCATION OF SLIPPORTCOSTS The Napler Hèll has no ernployees. The Parochtzl Church Councll of St stephen wlth St John Westmlnsief I'PCC'I Is responslblefor the management ol the Napler Hall. The cost of the tlme spent byemployee5 of the PCC on the managementof the hall and on theEoverancÈ of the ¢har6tyls Included in the support Costs whlch are allocated on the basls of tlme Spent a5 follows: 10,192 2,314 700 132OG 9,799 2,159 Office costs Independent examlner5 fe25 12,502 Allocated: Charltable actfvltles Ralslng funds 8.116 5,090 7.599 4,903 9, REPAIAS AND MAINTENANCE other repaFr5 and malntenan 1,813 1,813 6,452 6.452 10. FUND DETAILS There are no restrlcted or endowment funds, therefore net assets are rep¥e5ented by unrestricted fuThds a5 follows.. Tanglble flxed a55ets Investment fixed assets Current assets 475,425 480,426 151,766 A48,414 545,899 555,665 35.959 130.473 1,137,131 4054,032 unstrICted avallable reserves 661,706 573,606 11. TRANSACTIONS WITM TRUSTEES AND RELAT£D PARTIES None of the trustees have been pald any¥emuneratlon or refved any other beneflts from an employmeThtwlth the charlty ora related entity. NotN5tee PXPEn5e5 ha¥e bpEn Ittcurred. There have been Tro related partytransactions in the reportin8 perlod. io