COMPANY REGISTRATION NUMBER 11584511
REGISTERED CHARITY NUMBER 1185076
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
JCA Accountants 35 Pixham Lane Dorking Surrey RH4 1PL
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
| CONTENTS | PAGE |
|---|---|
| General information | 1 |
| Trustees Annual Report | 2 |
| Independent examiner's report to the members | 5 |
| Statement of financial activities (incorporating the | |
| income and expenditure account) | 6 |
| Balance sheet | 7 |
Notes to the financial statements |
8 |
1.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
GENERAL INFORMATION
| REGISTERED CHARITY NAME | Temple Bar Trust |
|---|---|
| CHARITY NUMBER | 1185076 |
| COMPANY NUMBER | 11584511 |
| REGISTERED OFFICE | 35 Pixham Lane |
| Dorking | |
| Surrey | |
| RH4 1PL | |
| TRUSTEES | P G S Murray |
| R G Brindley | |
| L Bullivant | |
| P L Cooper | |
| G A S G Murphy | |
| B J Munday | |
| A G Purves | |
| A Reynolds | |
| M P Stiff | |
| N S Waring | |
| INDEPENDENT EXAMINER | Jackie Crouch |
| JCA Accountants | |
| 35 Pixham Lane | |
| Dorking | |
| Surrey | |
| RH4 1PL | |
| BANKERS | C. Hoare & Co |
2.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT
YEAR ENDED 30 SEPTEMBER 2023
The Trustees, who are also directors for the purposes of company law, present their report and the financial statements of the company for the year ended 30 September 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of general information on page1
THE TRUSTEES
The Trustees who served the company during the year were as follows:
P G S Murray R G Brindley L Bullivant P L Cooper A G Purves G A S G Murphy B J Munday A Reynolds M P Stiff N S Waring
STRUCTURE, GOVERNANCE AND MANAGEMENT
Temple Bar Trust is a company limited by guarantee and not having a share capital.
The Charity is governed by its Memorandum & Articles of Association and was incorporated on the 24 September 2018.
RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES
The Trustees are appointed according to their various skills and knowledge of the aims and aspirations of the Charity. The Trustees who served during the period and since the year end are shown on page 1. New Trustees are appointed by the existing Trustees with no specified period of service. The Trustees meet every month and at other times by arrangement should the Charity's business so require.
The Trustees are chosen because of their interests in supporting the Charity's aim of managing the building at Temple Bar and to distribute funds with specific focuses on diversity in the architectural profession and the understanding of history. As it is a small organisation, there is no direct training given but with their wealth of experience and links within the industry of architecture, the Trustees are able to add valuable support to the decision making process of the Charity. New Trustees are chosen for their ability to promote and continue the Charity's aim and provide support with its day to day activities and decision making process.
INDUCTION AND TRAINING OF NEW TRUSTEES
The Trustees are familiar with the practical work of the Charity. They have access to charity literature and detailed discussions at meetings about the work undertaken and aspirations of the work the Charity expects to carry out.
RISK MANAGEMENT
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
At each Trustee meeting a review of the risks to which the Charity is exposed is discussed and considered. Reporting procedures are in place which ensures compliance with health and safety standards for staff and visitors. The Trustees review the major risks to which the Charity is exposed each year when reviewing and up-dating their strategic plan and take such steps as they consider necessary and reasonable to mitigate their impact.
3.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
Objectives and aims
The objects of the Charity, as set out in the Memorandum and Articles of Association, are:-
-
Education, knowledge and research in respect of the practice, science, art, history, conservation and preservation of architecture
-
Education in respect of the architecture and history of The City of London
-
Education in respect of the historic structure of Temple Bar, the latter includes education as to the importance of its preservation and to use its heritage as the architectural gateway to The City of London
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities and setting the grant making policy for the year.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The main areas of charitable activity are to manage the building at Temple Bar and to distribute funds with specific focus on diversity in the architectural profession and the understanding of history.
FINANCIAL REVIEW
Reserves policy
The Trust holds and accumulates funds for its purposes, in the context of its objectives as the principal instrument of the charitable giving of the Temple Bar Trust. The Trust approach seeks to grow and sustain giving in the long term.
Having analysed the Trust ’s responsibilities and ongoing commitments, the Trustees are satisfied that the Trust retains proper reserves to cover expected outlay over the next three years, taking into account expected income and distributions and that the level of reserves is appropriate.
The level of reserves at 30 September 2023 was £80,332 and includes unrestricted free reserves of £80,332.
The Trustees are satisfied with the performance and state of the Charity and review their reserves policy annually.
PRINCIPAL FUNDING SOURCES
Grant making policy
Temple Bar Trust is almost entirely reliant on the goodwill and generosity of members of the public. With no government funding at all, and virtually no corporate support, the running costs of the Charity are met overwhelmingly through donations by the public. The large majority of the Charity's income is from membership subscriptions, bequests and legacies - with bequests and legacies making up the largest proportion.
PLANS FOR FUTURE PERIODS
The Charity's future plan is to continue promoting its objectives and improve its facilities.
4.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
TRUSTEES' RESPONSIBILITIES STATEMENT
The Trustees (who are also the directors of Temple Bar Trust for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the income and expenditure of the company for that period.
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees
………………………………………….. P G Murray – Trustee
………………………………………….. M Stiff – Trustee
Date:
5.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF TEMPLE BAR TRUST
YEAR ENDED 30 SEPTEMBER 2023
Report to the trustees of
On accounts for the year ended
Set out on pages
Respective responsibilities of trustees and examiner
Temple Bar Trust Charity Number: 1185076
30 September 2023
6 to 10
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to
examine the accounts under section 145 of the 2011 Act,
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and
Basis of independent examiner’s statement
Independent examiner’s statement
to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act;
and
to prepare accounts which accord with the accounting records and comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination, have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
Name
Relevant professional qualification or body
Jackie Crouch
AAT
Date:
6.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 30 SEPTEMBER 2023
| Unrestricted | 2023 | Restated | ||
|---|---|---|---|---|
| Funds | Total | 2022 | ||
| Funds | Total | |||
| Funds | ||||
| £ | £ | £ | ||
| Note | ||||
| INCOME | ||||
| Donations, legacies & event income | 2 | 136,281 | 136,281 | 129,936 |
| Interest received | 273 | 273 | 75 | |
| ______ | ______ | ______ | ||
| TOTAL INCOME | 136,554 | 136,554 | 130,011 | |
| ______ | ______ | ______ | ||
| EXPENDITURE | ||||
| Charitable activities | 3 | 130,406 | 130,406 | 220,105 |
| ______ | ______ | ______ | ||
| TOTAL EXPENDITURE | 130,406 | 130,406 | 220,105 | |
| ______ | ______ | ______ | ||
| NET INCOME (EXPENDITURE) | 6,148 | 6,148 | (90,094) | |
| Total funds brought forward | 74,184 | 74,184 | 164,278 | |
| __ | ______ | __ | ||
| TOTAL FUNDS CARRIED FORWARD | 9 | £80,332 | £80,332 | £74,184 |
| ============ | ============ | ============ |
The statement of financial activities includes all gains and losses and therefore a statement of comprehensive income has not been prepared.
All of the above amounts relate to continuing activities.
7.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
30 SEPTEMBER 2023
| Restated | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Note | £ | £ | £ | |
| CURRENT ASSETS | ||||
| Cash at bank | 71,600 | 33,076 | ||
| Debtors | 21,095 | 42,696 | ||
| ---------------------------- | ---------------------------- | |||
| 92,695 | 75,772 | |||
| CREDITORS:Amounts falling due within one year | 8 | (12,363) | (1,588) | |
| ---------------------------- | - ------------------------- | |||
| 80,332 | 89,184 | |||
| ------------------------------------------- | ------------------------------------------- | |||
| NET ASSETS | £80,332 | £74,184 | ||
| =========================================== | =========================================== | |||
| FUNDS | ||||
| Unrestricted income funds | 9 | 80,332 | 74,184 | |
| ------------------------------------------- | ------------------------------------------- | |||
| TOTAL FUNDS | £80,332 | £74,184 | ||
| =========================================== | =========================================== |
All assets and liabilities relate to unrestricted funds.
These financial statements were approved by the Trustees and authorised for issue on the and are signed on their behalf by:
..................... P G Murray Trustee
.....................
M Stiff Trustee
The notes on pages 8 to 10 form part of these financial statements
8.
TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:-
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and – Republic of Ireland (FRS102) (effective 1 January 2015) (Charities SORP (FRS102)) and the Companies Act 2006.
The Charity constitutes a public benefit as defined by FRS102.
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Funds structure
The unrestricted funds of the Charity can be used in accordance with the charitable objectives at the discretion of the Trustees. The restricted funds can be used in accordance with the objectives set out in the relevant appeals.
Income
The Charity’s income is recognised when the Charity has entitlement to the funds.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Taxation
The Charity is registered with the Charity Commission and therefore no income or capital taxes are payable on any part of its activities. Value added tax is incurred on certain categories of expenditure and is recoverable.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Donations received | 52,240 | 5,000 |
| Grants received | 50,000 | 37,500 |
| Sponsorship | - | 64,769 |
| Membership | - | 5,350 |
| Rent received | 2,500 | 10,000 |
| Event income | 31,541 | 7,317 |
| --------------------------------------- | --------------------------------------- | |
| £136,281 | £129,936 | |
| ====================================== | ====================================== |
9.
COMPANY LIMITED BY GUARANTEE
TEMPLE BAR TRUST
NOTES TO THE FINANCIAL STATEMENTS (Cont’d)
3. EXPENDITURE ON CHARITABLE ACTIVITIES
| 3. | EXPENDITURE ON CHARITABLE ACTIVITIES | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Support costs: | |||
| Administrators fees | 37,585 | 18,893 | |
| Bank charges | 447 | 411 | |
| --------------------------------- | --------------------------------- | ||
| Total | 38,032 | 19,304 | |
| Governance costs (see note 4) | 23,679 | 18,682 | |
| Establishment expenditure | 52,768 | 182,119 | |
| Event costs | 15,927 | - | |
| ---------------------------------------- | ---------------------------------------- | ||
| Total Charitable Activities | £130,406 | £220,105 | |
| =======+======= | ============== | ||
| 4. | GOVERNANCE COSTS | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Administration costs | 10,515 | 5,378 | |
| Independent examination & accountancy fees | 5,813 | 3,159 | |
| Booklets & printing | 1,719 | 257 | |
| Website | 1,400 | 4,600 | |
| Legal & professional fees | 4,232 | 5,288 | |
| ------------------------- | ------------------------- | ||
| £23,679 | £18,682 | ||
| ================================= | ================================= | ||
| 5. | NET INCOMING RESOURCES FOR THE YEAR | ||
| This is stated after charging: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Independent examination fee for the financial statements | £760 ======================== |
£760 ======================== |
6. STAFF COSTS AND EMOLUMENTS
There were no employees whose annual remuneration was £60,000 or more.
7. TRUSTEES' AND KEY MANAGEMENT REMUNERATION AND BENEFITS
The Trustees (who are considered to represent the key management of the Charity) all give freely their time and expertise without any form of remuneration or any other form of benefit in cash or in kind. There was no Trustees' remuneration nor other benefits for the year ended 30 September 2023. Trustees' expenses
There were no Trustees' expenses paid for the year ended 30 September 2023.
8. CREDITORS: Amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accruals | 12,363 | 1,588 |
| ------------------------ | ------------------------ | |
| £12,363 | £1,588 | |
| ======================== | ======================== |
10.
TEMPLE BAR TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (Cont’d)
9. UNRESTRICTED INCOME FUNDS
| Balance at 1 | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| Oct 2022 | resources | resources | 30 Sept 2023 | |
| General Funds | £74,184 | 136,554 | 130,406 | £80,332 |
| =========================================== | ================================= | ================================= | =========================================== |
10. POST BALANCE SHEET EVENTS
There have been no events subsequent to 30 September 2023 which would require disclosure in or adjustment to these accounts.