Church of England 6 Crown Street Endowment Fund At the London Borough of Harrow Charity No 208395 Annual report and accounts year ended 31" December 2024
Church of England 6 Crown Street Endowment Fund
At the London Borough of Harrow
Charity No 208395
Annual report and accounts year ended 31[st] December 2024
Trustees
Michael Williams (Chair)
Lynsey Metcalfe (Treasurer, appointed 27 May 2025)
Susan Thomas
Douglas Dodd
Investment Fund Managers
CCLA One Angel Lane London EC4R 3AB
Bank
NatWest Bank Station Road Harrow HA12AD
Independent Examiner
John Campbell
Church of England 6 Crown Street Endowment Fund
At the London Borough of Harrow
Charity No 208395
Annual report and accounts year ended 31[st] December 2024
Background and objectives
The object of the charity is to support and further all or any of the charitable activities carried out in accordance with the principles and teachings of the Church of England in the area of benefit and in particular, those relating to:
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1) The education and encouragement of people in the principles of temperance
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2) The preservation and safeguarding of the health of all persons and in particular people who are in danger of becoming addicted to or dependent upon illegal drugs of any description, alcohol, solvents and other addictive substances.
Until 2014, 6 Crown Street was a property run for the purposes of the Temperence Movement. In July 2014 this property was sold and the proceeds placed in an Endowment Fund.
The fund is managed by four volunteer trustees, appointed by the Vicar of St Mary’s Church, Harrow-on-the-Hill.
Chair’s Report
2024 was a year of transition for the charity. We had a change of trustees with the resignation of Judith Shepherd (November 2024) and the subsequent delayed appointment of a new trustee as St Mary’s church navigated an interregnum. Both matters have now been very successfully concluded but that is for next year’s report. During 2024 we saw a reduction in our funding support mainly caused by the delayed conclusion of previously funded programmes and some exciting developments with one of our key partners, Firm Foundation. With the promise of our future support they were able to secure a long-term lease on a vacant church building which will enable them to deliver a much broader range of services particularly to support service users with alcohol and substance misuse issues. The preparatory works to prepare the building were funded from separate capital programmes and there was a resultant reduction in funding support by us for this period but it had put us in partnership with them in a much stronger position going forward. The trustees after extensive conversations have adopted a strategy which we have called “make a real di�erence” and after a lull during 2024 we anticipate ramping up our funding support across a broader range of programmes in Harrow. Going forward in the short term we anticipate this will result in our funding support exceeding the earnings on our invested funds. Our initial support for programmes through the Young Harrow Foundation in 2023 proved to be very
successful and we have engaged in detailed conversations with them to continue that programme of work.
(long overdue). To date this has been largely through giving talks as part of the Sunday service at St Mary’s and taking a stall at various church events. This has had a very positive and motivational impact and we anticipate continuing this e�ort and building on it to raise further funding.
In summary an unexpectedly quiet year on the funding front as a result of external factors but some strong foundations and clear future direction set in place.
Impact of our projects in 2024
My Yard (£11,667)
We have continued our support of the critical work My Yard deliver on the Grange Farm estate where drug problems are endemic and many vulnerable families are at risk. One of our key priorities has been to support the children in this environment who are frequently at risk of exclusion from mainstream schooling.
Ignite (£9,311)
Ignite’s work is exclusively targeted to young people at risk from “county lines” gangs and drug related crime and violence. We are seeing some encouraging signs of reduction in knife crime and drug use. For many of the young people our support of the boxing clubs is their first exposure to male role models and the discipline that the training requires of them. The police have seen the direct community benefit and are very supportive of the work Ignite undertakes.
Alcoholics Anonymous (£5,915)
We indirectly support this group through underwriting the rental cost of their weekly room hire. We have been long term partners in this e�ort which has proved very e�ective in helping alcoholics to break their dependency and return to more normal life. The positive impact on both the individuals and their families underlines the importance of this long-term program.
Church of England 6 Crown Street Endowment Fund
At the London Borough of Harrow
Charity No 208395
Annual report and accounts year ended 31[st] December 2024
Financial report
The full value of our investment funds is held within the CCLA’s COIF Charities Ethical Investment Fund. In 2024 the value improved by over £28k. No investment units were sold during 2024. Our dividend income was nearly all distributed to the portfolio of projects, with the exception of just over £3k. We continue to work with the CCLA to ensure that our funds are invested to obtain the best possible returns. While the value of investments can go up or down, the Trustees are comfortable with maintaining a value that does not fall below £700k.
Church of England 6 Crown Street Endowment Fund
At the London Borough of Harrow
Charity No 208395
Annual report and accounts year ended 31[st] December 2024
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Financial statement for the year ending 31 December 2024
Income and Expenditure
2024 2023
Income £
COIF Income 30023 31,480
Bank Interest 215 283
Total Income 30238 31,763
Expenditure
Charitable donations (26,893) (124,144)
Total expenditure (26,893) (124,144)
Net
Income/(Deficit) 3,345 (92,380)
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Church of England 6 Crown Street Endowment Fund
At the London Borough of Harrow
Charity No 208395
Annual report and accounts year ended 31[st] December 2024
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Balance Sheet
2024 2023
£ £
CCLA Investments 1,058,703 1,030,427
Nat West Business Reserve 11962 8,607
Nat West Current Account 200 200
Total Assets 1,070,865 1,039,234
Liabilities - -
Net Assets 1,039,234
Represented by
Funds brought forward 1,039,234 1,037,576
Net income/(expenditure) for year 3,345 (92,380)
Increase (decrease) in value of investments 28,276 94,039
Funds carried forward 1,070,865 1,039,234
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Church of England 6 Crown Street Endowment Fund
At the London Borough of Harrow
Charity No 208395
Annual report and accounts year ended 31[st] December 2024
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Donations in 2024
5915 Trinity AA
11667 My Yard
9311 Ignite 2024
26893 Total
Donations in 2023
1,600 Harrow Street Pastors
8,900 Firm Foundation Feasibility Study
11,488 Ignite Youth Project 2023
24,976 Firm Foundation Ark Funding March to Aug 2023
Young Harrow Foundation Oct 2023
37,180 to Sept 24 portfolio
Mind Harrow 10,000
Cedars Community 8,800
My Yard 15,000
YHF Facilitation 3,380
35,000 Firm Foundation Staff of the Winter Night Shelter
5,000 Trinity AA
124,144 Total
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Independent Examiner’s note:
accounts are a true and fair view of the accounts of the trust.
audited by John Campbell