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2021-09-30-accounts

Charity Registration No. 229886

ST CHRISTOPHER’S HALL TRUST

UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

ST CHRISTOPHER’S HALL TRUST

CONTENTS

Page
Report of the Trustees 1 - 3
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 – 10

ST CHRISTOPHER’S HALL TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2021

The Trustees present their report with the financial statements of the charity for the year ended 30 September 2020. The Trustees have adopted the provisions of the Charities SORP (FRS102) effective 1 January 2015.

St Christopher’s Hall Trust was formed by Trust Deed on 22 November 1957. It obtained charitable status on 31 March 1959 and is registered as charity number 229886.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number

229886

Principal Address

St Christopher’s Hall Trust Admaston House Community Centre Wellington Road Admaston Shropshire TF5 0BN

Trustees R West P Watkins

Independent Examiner NSO Associates LLP 75 Springfield Road Chelmsford Essex CM2 6JB

Solicitors

Andrews Ritson LLP Progress House Churchill Court Faraday Drive Bridgnorth WV15 5BA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a Deed of Trust, and constitutes an unincorporated charity.

Appointment of New Trustees

The Trustees have the power to appoint new Trustees using their absolute and uncontrolled discretion as they think fit.

Induction and Training of New Trustees

Trustees’ induction and training are determined by the existing Trustees.

Trustee resignations after the year end

After the end of the current year, on 31 March 2022, N James resigned as Trustee due to a domestic move away from the area. The remaining Trustees are seeking a suitable replacement.

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.

1

ST CHRISTOPHER’S HALL TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2021

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trust’s principal activity is to use its assets and income for such charitable purposes and objects as the Trustees in their absolute and uncontrolled discretion think fit. The object of the Charity is to make available the land and building for various community activities and to make grants to various organisations.

The Trustees have referred to, where necessary, the guidance issued by the Charity Commission on public benefit when reviewing the aims and objectives of St Christopher’s Hall Trust and in planning future activities.

Activities

During the year, the Trust employed Mrs D Croker, Mrs A Warwood, Mrs S Johnson and Mrs R Watkins.

They organized and coordinated Christian mission activities and community events in Admaston which have given a chance to the community to improve their quality of life and meet the local needs of children and adults. Between them they have run “Pushchair People”, “Emmaus Fellowship”, St Christopher’s Café, Alpha Groups, Admaston Fun Week, Messy Church, Open the Book, Children’s Clubs and a Youth Cafe.

The various Covid-19 national lockdowns and social distancing measures have restricted all the above activities in different ways. The staff and Trustees as well as other volunteers have worked hard to do things on-line where necessary and make arrangements for in person functions where possible and practicable.

The Trust’s investments have largely recovered their value from the Covid market sell off in early 2020. However the income has only recovered to about 80% of 2019 levels and this is forecast to continue for 2021/22. The Trustees have therefore agreed to continue to fund the existing activities by drawing down capital for the foreseeable future. The Trust has used the government’s furlough scheme where government restrictions have prevented employees from being able to fulfil their duties.

The Trust gave a further grant to Admaston House Community Centre of £34,000 which has enabled the alterations and refurbishment to be completed in May 2021. This has various benefits to St Christopher’s Trust including the use of a Prayer Room.

The Trustees have continued a service contract with Mr R West for administration. During the year, Mr R West received £1,860 in accord with the contract. He remains voluntary in all other capacities.

The Trustees have been satisfied with the financial performance of the investments relative to benchmarks. These enable the work. They are also very pleased with the community engagement with the Trust’s activities, the quality of the staff input, the high energy of volunteers and the spiritual advance during the year. We give thanks to the Lord and all involved.

FINANCIAL REVIEW

Reserves Policy

At 30 September 2021, the Trust has unrestricted reserves of £1,437,623 (2020: £1,183,127).

Principal funding sources

The Trust’s main source of income is generated from its current asset investment. The majority of the income is applied to paying for mission expenses and wages and salaries.

Investments

Charles Stanley & Company Limited has been appointed by the Trustees to manage the investment portfolio of the Trust.

2

FUTURE PLANS

The aim of the Trust is to continue to make funds available for charitable purposes and to finance mission activities.

REVIEW OF ACTIVITIES AND RESULTS

Financial results for the year are set out in the Statement of Financial Activities on page 4 and the position at the end of the year is shown in the Balance Sheet on page 5.

During the year, there was net income of £252,683 (2020: deficit of £151,814).

ON BEHALF OF THE BOARD

………………………………………….. R West

Date: 16 May 2022

3

ST CHRISTOPHER’S HALL TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ST CHRISTOPHER’S HALL TRUST

I report to the Trustees on my examination of the financial statements of St Christopher’s Hall Trust for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes, as set out on pages 4 to 10.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a “true and fair” view and my report is limited to those specific matters asset out in the independent examiner’s statement.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Elaine Oddie OBE MA FCA FCCA NSO Associates LLP Chartered Certified Accountants 75 Springfield Road Chelmsford Essex CM2 6JB

Date: 19 May 2022

4

ST CHRISTOPHER’S HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Not
es
Incoming Resources
2
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Resources Expended
Expenditure on:
3
Charitable activities
Other expenditure
Total Resources Expended
Net income / (expenditure) before
investment gains / (losses)
Net
gains
/
(losses)
on
investments
4
Net income
7
Fund balances at 1 October 2020
Fund balances at 30 September 2021		 Unrestricted
Funds
£
11,681
1,347
37,537		 Restricted
Funds
£
-
-
-
-
1,713
-
1,713
(1,713)
-
(1,713)
1,713
-		 Total
2021
£
11,681
1,347
37,537
50,565
93,691
10,972
104,663
(54,098)
306,881
252,783
1,184,840
1,437,623		 Total
2020
£
14,073
2,149
30,916
50,565 47,138
91,978
10,972		 72,752
9,228
102,950 81,980
(52,385)
306,881		 (34,842)
(116,972)
254,496
1,183,127		 (151,814)
1,336,654
1,437,623 1,184,840

5

ST CHRISTOPHER’S HALL TRUST

BALANCE SHEET

AS AT 30 SEPTEMBER 2021

______
Notes
Fixed Assets
Tangible Assets
8
Current Assets
Debtors
9
Investments
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
Income Funds
Unrestricted Funds
Restricted Funds
12
12		 _____
£
623
1,185,066
59,455		 ___
2021
£
195,961
1,241,662
1,437,623
1,437,623
-
1,437,623		 ___
£
726
930,160
59,291
990,177
3,049		 ____
2020
£
197,712
987,128
1,245,144
3,482
1,184,840
1,183,127
1,713
1,184,840

The accounts were approved by the Trustees on ……………………………………. 16 May 2022

…………………………………………….

R West

…………………………………………….

P Watkins

6

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_____________

1 Accounting Policies

1.1 Basis of Preparation

The accounts have been prepared in accordance with applicable accounting standards, the Charities SORP (FRS 102), effective 1 January 2015, and the Charities Act 2011.

1.2 Incoming Resources

Income received in relation to the charity’s activities is shown on an accruals basis.

1.3 Resources Expended

Resources expended including irrecoverable VAT are accounted for on an accruals basis.

1.4 Tangible Fixed Assets and Depreciation

Long leasehold Over the term of the lease Fixtures and fittings 25% on reducing balance

1.6 Investments

Current asset investments are stated at fair value at the balance sheet date.

1.7 Fund Accounting

Funds held by the charity are either:

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Designated funds – these are funds set aside by the Trustees out of unrestricted funds for specific future purposes or projects.

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charity.

1.8 Taxation

St Christopher’s Hall Trust is a registered charity and is not subject to corporation tax on its charitable activities.

7

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_____________

2
Analysis of Income
Charitable activities
Donations and legacies
Grant for Schools & Youth Work
Furlough grant received
Charitable Activities
Mission income
Café income
Investment income
Dividends received
Interest receivable
Total income
3
Total Resources Expended
Charitable activities
Mission activity
Schools & Youth Work
Grants payable
Other expenditure
Cost of investment management
Accountancy and Independent
examination fees
Sundry expenses		 Unrestricted
Funds
£
-
11,681
410
937
1,347
37,532
5
37,537
50,565
Unrestricted
Funds
£
44,694
8,934
38,350
8,662
2,310
-
102,950		 Restricted
Funds
£
-
-
-
-
-
-
-
,
Restricted
Funds
£
-
1,713
-
-
-
-
1,713		 Total
2021
£
-
11,681
410
937
1,347
37,532
5
37,537
50,565
Total
2021
£
44,694
10,647
38,350
8,662
2,310
-
104,663		 Total
2020
£
10,000
4,073
370
1,779
2,149
30,849
67
30,916
47,138
Total
2020
£
42,465
8,287
22,000
7,854
1,374
-
81,980

Other expenditure includes the Independent Examiner’s fee of £1,200 (2020: £1,200).

8

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_____________

4 Net gains on investments

Profit on disposal
(Loss) / Gain on revaluation		 Unrestricted
Funds
£
99,525
207,356
306,881		 Restricted
Funds
£
-
-
-		 Total
2021
£
99,525
207,356
306,881		 Total
2020
£
(5,642)
(111,330)
(116,972)

5a Trustees

No Trustee received remuneration for their work as a Trustee.

5b Related parties

There were no related party transactions in the year.

6 Employees

Number of Employees

The average monthly number of employees during the year was:

Mission activity
Schools & Youth worker
Employment Costs
Salaries
Pension costs
7
Changes in resources available for charity use
Net movement in funds for the year
Net movement in funds available for future activities		 2021
Number
3
1
4
2021
£
37,455
3,923
41,378
2021
£
252,783
252,783		 2020
Number
3
1
4
2020
£
33,630
3,803
37,433
2020
£
(151,814)
(151,814)

9

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_____________

8
Tangible Fixed Assets
Cost
At 1 October 202 and at 30 September 2021
Depreciation
At 1 October 2020
Charge for year
At 30 September 2021
Net Book Value
At 30 September 2021
At 30 September 2020
9
Debtors
Prepayments
10
Current Asset Investments
Listed investments at market value
11
Creditors: amounts falling due within one year
Taxation and social security
Other creditors		 Long
Leasehold
£
213,259
15,614
1,735
17,349
195,910
197,645		 Fixtures and
Fittings
£
2,663
2,596
16
2,612
51
67
2021
£
623
623
2021
£
1,185,066
2021
£
-
3,482
3,482		 Total
£
215,922
18,210
1,751
19,961
195,961
197,712
2020
£
726
726
2010
£
930,160
2020
£
-
3,049
3,049

10

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2021

12 Funds

The income funds of the charity include unrestricted funds comprising the following unexpended balances of donations & grants held on trust for the general purposes of the charity. They also include restricted funds comprising the following unexpended balances of donations and grants held for the specified restricted purposes.

Unrestricted funds
General Purpose
Refurbishment of
Admaston House
Restricted funds
Schools & Youth Worker
Total Funds
Unrestricted funds
General Purpose
Total Funds		 30-Sep
2020
30-Sep
2021
Income
Expenditure
Transfers
£
£
£
£
£
1,149,127
357,446
(68,950)
-
1,437,623
34,000
-
(34,000)
-
-
1,183,127
357,446
(102,950)
-
1,437,623
1,713
-
(1,713)
-
-
1,184,840
357,446
(104,663)
-
1,437,623
Fixed
assets
Current
assets
Creditors
Total
£
£
£
£
195,961
1,245,144
(3,482)
-
1,437,623
195,961
1,245,144
(3,482)
-
1,437,623

10