## **St Bartholomew’s Gatehouse Trust** ## **Registered with the Charity Commission number 211859** ## **Report of the Trustees for the year ended 31 December 2023** The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2023. The financial statements comply with current statutory requirements, as set out in the Charities Act 2011 (as amended) and the charity’s governing document ## 1. **Objects of the charity** The charity was formed by an Indenture dated 18 January 1910 and a Scheme of 1 March 1935, as amended on 15 April 2021. Its principal objects are to finance the cost of repairing and maintaining the historic Gatehouse and the medieval gateway and to cover the costs of management and administration, any surplus rents and profits to be expended as the Rector and churchwardens of the parish of Great St Bartholomew shall direct. ## **2. Organisation** A maximum of eight trustees normally administers the charity. In 2023 the following trustees held office: The Revd Mark Alexander Walker (Rector,ex officio) Charles Richard Spanton (churchwarden, ex officio) Roy Keith Sully (churchwarden, ex officio, to May 2023 then appointed) Harry Alan Cowd (churchwarden, ex officio, from May 2023) Peter Bovill Michael Charles Jones Major General Jeffrey Sinclair Mason MBE Margery Diana Roberts (appointed December 2022) The trustees met in January and May via Zoom, and in September and November in person, with good attendance at all meetings. ## **3. Investment powers** The trustees have power to invest the trust funds in any way permitted by law. ## **4. Public benefit** The trustees are aware of the Charity Commission’s current advice on public benefit. The application of the funds supports the work and outreach of the parish of Great St Bartholomew and the local community in the City of London and beyond. ## **5. Data protection and conflicts of interest** 1 Personal data is handled confidentially and not shared with other organisations without prior consent. Potential conflicts of interest, particularly in respect of the Rector and churchwardens, who are ex officio trustees, are managed carefully. ## **6. Review of the charity’s activities in 2023** During the year, the trustees continued to maintain their active stewardship of the Gatehouse and a good relationship with their tenant. After consideration of the surveys carried out in 2022, they decided to proceed with the works which had been indicated as the landlord’s responsibility, which were mainly to the exterior. These works will be undertaken during the first part of 2023. An obsolescent heater in the tenant’s bathroom was removed and suitably replaced. An application was made to the Central Grants Unit of the Corporation of London for a grant towards the external work to the Gatehouse and the trustees were delighted to be awarded a grant of £24,000, which took account of the Gatehouse’s importance in the community and as a tourist attraction. As the Gatehouse rent had not been reviewed since 2020, a detailed application was made to the Rent Officer to set a new rent. A new rent has been set of £20,082 with effect from 1 January 2024. The Trust’s excellent relationship with the parish of Great St Bartholomew was also maintained. The trustees agreed to contribute £30,000 per annum towards the cost of housing for the new assistant priest, who plays an important part in ministering to the parish’s growing congregation. The parochial church council repaid the loan of £50,000 made by the Trust in 2020. The trustees subsequently awarded a grant of £50,000 to the parish. There was one change in the trustee body during the year. On Harry Cowd being elected as a churchwarden in May, he became an ex officio trustee. At the same time, Roy Sully, who had been a churchwarden, ceased to be an ex officio trustee but was invited to be an appointed trustee. The trustees record their gratitude to Roy Sully for chairing the trustee body with efficiency and good humour. ## **7. The financial statements** The statement of assets and liabilities at 31 December 2023 as well as the charity’s receipts and payments in the period to that date are set out in the attached statements. 2 ## **8. Legal and administrative information** ## Bankers CAFcash Charities Aid Foundation 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA Investment Managers CCLA Investment Management Ltd One Angel Lane, London EC4R 3AB Independent Examiner Patricia Frankland M.A., A.C.A Fernbrook The Street Betchworth RH3 7DJ 3 ## **St Bartholomew’s Gatehouse Trust Registered with the Charity Commission number 211859** ## **RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## Receipts |Rents
CAF Gold interest
CAF current interest
CCLA interest
**Total**
Asset and investment sales
Wallside investment
**Total receipts**
Payments
Building insurance
Bank charges
Surveyor
Legal fees
Grant to pcc
Grant for clergy housing
Gift to lawyer
**Total payments**
**Deficit for year 2023**
**(Surplus 2022)**|2023
**£**
15,057
59
80
38,911
**54**
**,107**
-
**54**
**,107**
1,564
63
1,273
2400
50,000
12,500
-
**67**
**,800**
**(13,693)**|2022
**£**
15,057
173
42
4,095
**19**
**,367**
**824,958**
**844**
**,325**
**2022**
1,475
82
-
-
-
58
**1**
**,615**
**842,710**| |---|---|---| 4 ## **BALANCE SHEET AS AT 31 DECEMBER 2023** |Fund Balances Brought Forward

Deficit for year 2023

Fund Balances Carried Forward

**Represented by:**
Loan to St Bartholomew the Great
Unrestricted funds
_Cash_
CAF Gold
CAF cash
CCLA Deposit
**TOTAL**|**2023**
**£**
934,409
(13,693)
**920,716**
0
3,226
3,167
30,648
33,311
886
,842
847
,931
**920,716**
**934,409**|**2022**
**£**
91,700
842,710| |---|---|---| |||**934,409**
50,000| ## **NOTES TO THE ACCOUNTS** 1. The loan to St Bartholomew the Great was repaid during 2023 and a grant given in its place. 2. St Bartholomew’s Gatehouse, as described in a conveyance dated 19 January 1910, is held by the Trust. - It has not been recently valued. Property is let under a lease dated 6 May 1965, which created a protected tenancy. The tenant’s widower retains the statutory tenancy. 6 CHARITY COMMISSION FOR ENGWND AND WALES St Bartholomews Gatehouse Yrust 211ts59 Receipts and pa ments accounts CC16a For the period Irom P&iiod start date Period end oat 31-D•c-23 To O%-Jan-23 Section A Receipts and payments Unr8strictod fund8 to tho n8aro8t Restricted fundB Endowment fur Tota17und• Last yw totho nwro1¢£ t¥th• wr•*t£ to Iho nw•r•0¢£ tts th•niaAIt£ A1 Recelpts Rent B8nk CurrentNC Inl•re5t RepaYm￿tOf Luanfrum PCC a4FGold Intwe CCLA lthest 15.057 173 4090 Sub total(Gn>ss income for AR) 1¢)4107 101,107 A2 Asset and Invpstment Balo¥, {sM tabl•l. Sub total 104,107 19,317 A3Pa ents InsuratKe Bath ChBrges SurY8yoffs Feos L2gal Fees Grantto PCC fr*g(M)ApF*l Grants to PCC t*A55t Priest Hws• 1,564 1.475 82 50,000 12.500 Sub total 87.BDt* 1.61 A4 Atsot and Inva8tm•nt urchases, seo table Sub total 67.800 1.015 Net orr￿￿ptsIfpayMQntsj AS Tran8ter¥tetween7und* A6 Cash funds ly$t y$ar •nd Cash funds this year•nd 38,307 17.752 884.409 920.716 920,716 17,752 CCXX R1 a¢Lounts ISSI 2310412024