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 chU￿h 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 acCo￿ntS) 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•mb*r2024. 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 ￿t0￿*￿sCarI[ed0￿l￿ndQrSQeI10n 145oflhe2011Act¥d Incanylngoutryexamlnatlon I havofollow4d oll theappNcableDtrectlonsgfver•byth2Charltycomm15s1on underseLtlon 14515llbl oltheAcL Ind•pEnd•nt eMmln•rfsstatem•nt I ha￿COmpletedMye¥arn1natl0Th. I wnflrm thatnomaterfal rn3ltersh•vecometo myattetttlon In coftnpctloTrwiihtheeK3mlnallonwhlth glves mecau5eto bellevethat, In anymatgrlalre5pert: l. acco￿tInKreC(¥45were notkept In rospectoftfvoTrustaSTequlred bys•¢tlon 130oltheAtL'or 2.th•accountsdo not*￿0rd wlththosèrec¢rds,'or 3. theaccduntsdo noteomplywth theappllcablerequlTrmentsconternln8theformandcontÈntof accountsset out In theCharlUÈs IA¢tounts ènd Reports) Re8ulatTot)$2Cn8otherthan anyrequlrément thatthoattount$8lve a'trueandfalr, vlv whleh lsnot a matterconslder¢d aspartof a IndependenteX￿1fv1E1on. I h￿e noeoneernsand ha¥ecome8tr0s$ no othermotters In￿nn9￿10n￿1fh 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 acti￿treS 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 CharIt￿S 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