COMPANY REGISTRATION NUMBER 11584511 REGISTERED CHARtrf NUMBER 1185076 TEMPLE BAR TRUST TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 JCA Accountants 12 Bramble Rise Cobham SU￿eY KT112HP TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 CONTENTS PAGE General infomth'on T￿5t￿ Annual Report Independent examine￿$ report to the members Slatement of financial actwities (Incorp￿tIng the income and expenditure account) Balance sheet Notes to the financial statements TEMPLE BAR TRUST COMPANY UIIiITED BY GUARANTEE GENERAL INFORMATION REGISTERED CHARITY NAME Temple Bar Trust CHARITY NUMBER 1185076 COIIIPANY NUMBER 11584511 REGISTERED OFFICE Temple Bar 2 Patemoster Square London EC4M 7DX TRUSTEES P G S Murray R G Brindley L Bullivant P L Cooper S C Fraser GASGMurphy B J Munday C F Pilliner-Reeves A G Purves A Reynolds MPStrft N S Waring INDEPENDENT EXAMINER Jad(ie Crouch JCA Accountants 12 Bramble Rise Cobham Surrey KT11 2HP BANKERS C. Hoare & Co TEMPLE BAR TRUST COMPANY LIMrrED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2024 The Tnjstees, who are also directo￿ fr)r the purposes of company law. present their rep)rt and the financial stslements of the company for the year ended 30 September 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Reference and administrative details are shown in the schedule of general information on page1 THE TRUSTEES The Trustees who served the Gornpany during the year were as follows.. P G S Murray R G Brindley L Bullivant P L Cooper S C Fraser (appointed 10 November 20231 GASGMurphy B J Munday C F Pilliner-Reeves (appointed 10 November 2023) A G Purves A Reynolds MPStiff N S Waring STRUCTURE. GOVERNANCE AND MANAGEMENT Temple Bar Trust is a company limited ty guarantse and not having a share ¢aprtal. The Charity is govemed by ts Memorandum & of ASsoc¢at￿n and was incorporated on the 24 September 2018. RECRUITMENT AND APPOINTMENT OF NEWTRUSTEES The Trustee$ are appointed according to their various skills and knowledge of the aims and aspirations of the Charity. The Trustees who served during the peric#J and since the year end are shown on page 1. New Trustees are appointed by the existing Trustees with no specified period of serV￿e Thè Trustees meet every month and £1 other times by arrangement should the Charity's business so require. The Trustees are chosen be¢ause of their interests in supwtting the Charity's aim of managing the building al Temple Bar and lo distribute funds with specific fo¢u$es on diversty in the ar¢hitectural profession and the understanding of history. As it 1$ a small organisabon, there Is no direct training given but with their wealth of experlence and links within the industy of archrtecture. the Trustees are able to add valuable support to the decision making prctess of the Charity. New Trustee$ a￿ chosen for their ability to promote and continue the Charity's aim and provKle support wrth its day to day acb.vlt￿S and declsion making proce$$. INDUCTION AND TRAINING OF NEW TRUSTEES The Trustees are familiar with the practical woik of the Chanty. They have access to charty literature and detailed discussions at meetings about the work undertaken and aspirabons of the work the Charity expects to carry out RISK MANAGEMENT The Trustees have a duty to id?ntfy and revw 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 Twstee meeting a revEw of the risks to wh￿h the Chanty is exposed is discussed and considered. Reporting procedures are in place wh￿h ensures compliance with health and safety standards for staff and visitors The Trustees review the major risks to which the Charity is expos& each year when reviewing and up-dating their strategic plan and take such steps as they consider n￿ssary and reasonable to miligale Iheir impact. TEMPLE BAR TRUST COMPANY LIMrrED BY GUARANTEE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFrr Objectlves and aim8 The objects of the Charity, as sel out in the Memorandum and Articles of Association, are.'- Education, knowledge and research in respe¢t of the practice, scien¢e, art, history, conservth'on and preservats.on of architecture Education in respect of the archrtecture and history of The City of London Education in respect of the histor￿ structure of Temple Bar, the latter includes education as lo the importance of its preservation and lo use its herrtage as the archileclural gateway to The Cty of London The Tru$te8s confim thal they have referred to the guidan¢e contained in the Charity Commission's guidance on public benefit when reviewing the Chanty's aims and obiecbves and in planning future activit￿S and setting the grant making for the year. ACHIEVEMENTS AND PERFORMANCE Charitable actlvttlo8 The main areas of Charitable actwty are to manage the building al Templ8 8ar and to distribute fvnds with specrfic focus on diversity in the archrtectural profession and the understanding of history. FINANCIAL REVIEW Rèsorwos poll¢y The Trust holds and accumulates funds lo support its aiNts and objectives and in doing 80 seeks to retsin reserves that cover at lèast six months, worth of annual expenditure, known shortfalls In fu￿re funding and amounts required to maintain the hislonc listed building of Temple Bar. The Trustees review this policy and the amounts held in reserves on at least an annual basis. The level of reserves at 30 September 2024 was £140,714 (all unr&str￿tedl. which the Trustees consider to be satisfactory. The Trustees are sab$fied wrth the perfomiance and stale of the Charty and review their reserves policy annually. PRINCIPAL FUNDING SOURCES Grant maklng policy Temple Bar Trust 1$ almost entirely r*liant on the gooth"Il and generosity of members of the public. Wth no governrnenl funding al all, and virtualty no corporate SUPFOrt. the running costs of the Charity are mel from donations, grant incomè and Inco￿ from events hebj in pursuit of rts Chantable objectives. PLANS FOR FUTURE PERIODS The Charity's future plan is lo continue promoting its objecb.ves and improve its facilit￿. TEMPLE BAR TRUST COMPANY UMITED BY GUARANTEE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 TRUSTEES. RESPONSIBILITIES STATEMENT The Trustee8 (who ar8 also the dir9Ctors of T8mple Bar Trust for the purposes of company lawl are responsible for preparing the Trustees Annual Report and the finan¢i•l stalemenls in accordance with applicable law and regulations. Company jaw requires the Trustees to prepare financial statements for each fin8ncial year. Under that law th8 Trustse8 have elected to prepare thè finarrAal statements in accordarKe wlih United langdom Generally Accepted Accounti￿ Practlce (Unrted lfjngdom Accountin9 Standard$ 8nd 8ppIIc8ble lawl. Under company 18w the Tru$lees musl not approve the financial slatements unle86 they arg $8Usfied that they glve a true and tsir view of the stste of affairs of th8 company and th& income and expendrture of thg company for that period. In pr8P8rlng the8• finan¢la161at￿I•nts. tho Trustses aro roqulr8d to.. salact 8ultsble 8¢¢ountlNJ polkla8 and then Op￿Y them ￿n818￿n￿.. ob8eNo tho methods and phndplg5 in tho Charlbes SORP,. make judgements and ￿coUntr.nO e8timat88 that are re88on8bk and prudent., and prepare the financlal 8t8lemerrts on the golng b8BIB unla88 ￿18 Inapproprfale to pr08ume that the company wlll conllnue In ￿r￿On. Thè Tru8te88 8re re8ponsible for keepiry adequate accounting record8 that are sLrffjc￿t lo $h¢)w and explaln the Gompany's transactions and disclose with reasonable ￿r8¢Y al any time the financSal po8lllon of the company and enable them to ensuffj Ih8t the financlal statements comply wlh the Companle$ Act 2006. They are 8180 responslble for 8afeguardlng Ihe 8S8818 of t￿ company and henca for taKng reasonglAe step¥ for the prevention and detocts'on of fraud and other irreguL8rltle8. Slgned on beha￿ of the Tru8lee8 ..P G Murray- TN8te8 Pl Stiff - Tnwtoe Dalei 22 October 2024 TEMPLE BAR TrUST COMPANY UMrtED BY GUARANTEE INDEPENDEpif EXAMINER'S REPORT TO THE IAEMBERS OF TEMPLE BAR TRUST YEAR ENDED 30 SEPTEMBER 2024 Report to the trustees of Templ8 Bar Trust Charrty Numb&r.' 1185076 On accounts for Ihe year ended 30 September 2024 Set out on pages 6t010 Re8poCtivo rnspon8lbllltl8• The charity's trustees are responsible for the weparabon of the accounts. The charity'8 of tru8180s and examln•r trustees conslder that an audit is not required for this year (under section 144{21 of the Charrtl88 2011 (the 2011 and thal an independ￿l examination is needed. It is my responsibmlty to examine the accounts under ￿tion 145 of th8 2011 Act, to follow the pr¢¢edures laid thJvn In the general Directions g￿en by the Charity Commissh)n under 88¢lon 14515}Ib} ofthe 2011 Act, and to stats whether part￿lar matters have come to my attention. Ball8 of Ind•pgndent examlnor'• •tal•m•nt My examinatlon carried out in accordance wlth genèral Directions given by th Charity Commission. An 8xaminatw)n includes a raviow of the accounting rocord8 kept by the chanty and a comparison of the ac¢ounts pr888ntod with those rewrd$. It a160 includes considerats'on of any unusual ttems or discb8ur8s in the accounts and Seeking explanalN)ns from th8 trusiees conceming any such mattèrs. Th& procedur88 undèrtakén do nol provide all th8 evKl8nce that would be required in an audit, and consequenty no opinlon is gfven as to whether tha accounts pr88ent a'true and falr vthv, and the report is limtted to those matters set out in tho 8tat•mont below. Ind•p•nd•nt •x•mln•f• •tat•m•nt In connectk*n with my examlnation. no nwtter has ¢x)m8 to my attèntion.. (1) whth giv08 me reasonable cau8e to b8118ve thaL In any ￿thr￿al respect, the requirements: to keep xcounllng ￿¢￿d$ in ￿cOrdance wlth 8e¢tbn 130 of the 2011 Art and to prepare accounts vthkh accord wlth tho xCoun￿n9 records and comply th the applicablè requirnmènts ¢on¢6rning thé fom and contènt of accounts 88t out in thè CharIt￿S lknounts and R8Wrts) Regulations 2008 other than any requirement that the xcounts give a Irue and fairf view Wh￿tt is Tr)t a matter considered as part of an indep8ndent examination. have not b8en rnt or (21 to which, in my ¢)piniM, attention should be in order to enable propor undorstanding of the accounts to ￿ rnxhed. Signed Date. 31 le#31 Za Name Relevant professional qualification or body AAT TEPAPLE BAR TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Funds 2024 Total Funds 2023 Total Funds Note INCOME D(￿atiOnS, legacies & event in￿rne Interest received 192,633 192,633 136.281 1.563 1,563 273 TOTAL INCOME 194,1% 194,1* 136,554 EXPENDITURE Charitable activities 133.814 123.814 130,4C TOTAL EXPENDITURE 133.814 123,814 130.406 NET INCOME 60.382 60,382 6,148 Total funds brought foMard 80,332 80,332 74,184 TOTAL FUNDS CARRIED FORWARD £140,714 £140.714 £80.332 The statement of financial xb"vities includes all gains and losses and therefore a statement of comprehensive income has not been prepared. All of the above aTh￿nts relate to continuing actwities. TEMPLE BAR TRUST COAIPANY LIMITED BY GUARANTEE LANCE SHEET 30 SEPTEMBER 2024 2024 2023 CURRENT ASSETS Cash al bank Debtor8 126.609 35,297 71.600 21.095 161.9Ce 92.695 CREDITORS: Amounts fallkng due wrthin year 121.192) 112.3631 140,714 80.332 NET ASSEf8 £140.714 £80,332 FUND8 Unre8tr1ct8d In￿m• funds 140,714 80,332 £80,332 TOTAL FUNDS £140.714 All assets and liabilttles relats to unrestrfcted funds. These financial statements V￿re approved ty the Trustees and authorwl for188u8 on the 110&6cf 9024 arKI are 8igned on their behalf by.. P G Murray Trustee M Stiff Trustse The notes on pages 8 to 10 form part of these financial statements TEMPLE BAR TRUST COMPANY LIMfTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES The principal accounting policies adopted. judgements and key sources of esttmation 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 Reporb'ng by Charities-. Statement of Recommended Practice applicable to ¢harilies preparing their accounts in accordance wrth the Financial Repo￿.ng Standard applicable in the UK and Republic of Ireland IFRS1021 {effethe 1 January 2015) - (Charibes SORP IFRS102)} and the Companies Act 2006. The Chanty constitutes a public benefit as defined by FRS102. The Trustees consider that there are no mater￿1 uncertainties a￿ut the Charity's ability to conts'nue as a going concern. Funds structure The unrestricted funds of the Charty can ￿ used in accordance with the charitable objectives al thè discretion of the Trustees. The restricted fvnds can be used in ￿cordan￿ with the objectives set out in the relevant appeals. Income The Charity's income ts ￿CogniSed when the Charity has entr"tlement to the fvnds. Expenditure Expenditure is re¢ognised once there is a legal or constructive obligation lo make a payrnent to a third paty. il is probable that settlement wll be required and the anw)iJnt of the obligab.on 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 actsvits"es. Value added tax is incurred on certain categories of exFendilure and is recoverable. DONATIONS AND LEGACIES 2024 2023 Donations received Gift Aid received Grants received Rent receNed Event inco 33,555 14,583 50,000 10,000 84.495 52,240 50,000 2,500 31,541 £192,633 £136,281 TEMPLE BAR TRUST COMPANY LIMtrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {Cont'd) EXPENDITURE ON CHARITABLE ACTIVITIES 2024 2023 Support costs: Administrators fees Bank charges Total 40,052 492 37,585 447 40.544 38.032 Govemance costs (see note 4) Eslablishmenl expendtlure Event costs 33,038 23,522 36,710 £133,814 23,679 52,768 15,927 £130,4(kS Total Charilable Actlvfties GOVERNANCE COSTS 2024 2023 Administration eosts Independent eXaMinat￿n & accountancy fees Bo0￿ets & printsng Website Bad debts Legal & professional fees 21.379 4.924 735 1,000 5,000 10,515 5.813 1,719 1,400 4,232 £33,038 £23,679 NET INCOMING RESOURCES FOR THE YEAR This is stated after charging.. 2024 2023 Independent examinth.on fee for the financial ststements £800 £760 STAFF COSTS AND EMOLUMENTS There were no employees whose annual remuneration was £60,000 or more. TRUSTEES. AND KEY MANAGEMENT REMUNERATION AND BENEFITS The Trustees Iwho are consKlered to represenl the key management of the Charity) all give fteety their time and expeth'se wrthout any fomi of remunerabon or any other fomi of benefit in cash or in kind. There was no Trustees, remunerab'on nor other benefits for the year ended 30 September 2024. Trustees. oxpenses There were no Trustees. expenses paKI for the year ended 30 September 2024. CREDITORS: Amounts falling due within one year 2024 2023 Accruals VAT 20,204 989 12,363 £21,193 £12,363 10. TEMPLE BAR TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {Cont'd) UNRESTRICTED INCOME FUNDS Balance at 1 Oct 2023 Incoming resources Outgoing Balance at resources 30 Sept 2024 General Funds £80.332 194,196 {133,8141 140,714 10. POST BALANCE SHEET EVENTS There have been no events subsequent to 30 September 2024 wh￿h would require disclosure in or adjuS￿ent to these accounts.