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2023-09-30-accounts

Charity Registration No. 229886

ST CHRISTOPHER’S HALL TRUST

UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

ST CHRISTOPHER’S HALL TRUST

CONTENTS

CONTENTS 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 7–11

ST CHRISTOPHER’S HALL TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The Trustees present their report with the financial statements of the charity for the year ended 30 September 2023. The Trustees have adopted the provisions of the Charities SORP (FRS102) (issued in October 2019).

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 D Williams (appointed 6 February 2023) D Croker (appointed 15 May 2023) R Denyer (appointed 15 May 2023)

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.

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 2023

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 and are undertaken for the purposes of public benefit. 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 S Johnson, Mrs R Watkins and Mrs A Warwood who retired during the year and was replaced by Mrs K Jones.

They organised 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”, St Christopher’s Café, Toddler Café, Alpha Groups, Admaston Fun Week, Messy Church, Open the Book, Children’s Clubs and a Youth Cafe.

They have involved a good number of volunteers in their activities and some other activities have been run purely by volunteers. These included Counselling, Men’s Group, Ladies Group, “Emmaus Fellowship” and Youth activities.

The Trust’s investments increased about 6% over the year. However, the income dropped about 1.5% and remains below 2019 levels. Current expectation is for a further decline in income for 2023/24. The Trustees stopped taking capital drawdowns during the year as the employee who retired in August 2022 has not been replaced.

The Trustees have continued a service contract with Mr R West for administration. During the year, Mr R West charged £1,860 in accord with the contract. He remains voluntary in all other capacities. In accordance with the Strategic Review in 2022, the Trustees have been pleased to be joined by three additional Trustees from a broader base of local churches. These are Mrs D Croker, Mr R Denyer and Mr D Williams.

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 2023, the Trust has unrestricted reserves of £1,235,697 (2022: £1,195,111).

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 5 and the position at the end of the year is shown in the Balance Sheet on page 6.

During the year, there was net income of £40,586 (2022: net deficit of £242,512).

ON BEHALF OF THE BOARD

………………………………………….. R West

Date: 16 January 2024

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 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes, as set out on pages 5 to 11.

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 o ut 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: 16 January 2024

5

ST CHRISTOPHER’S HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

__ _________
Notes
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 (deficit) / income
7
Fund balances at 1 October 2022
Fund balances at 30 September 2023		 __
Unrestricted
Funds
£
-
4,782
41,663		 ___
Restricted
Funds
£
1,500
-
-
1,500
1,500
-
1,500
-
-
-
-
-		 _______
Total
2023
£
1,500
4,782
41,663
47,945
48,642
9,905
58,547
(10,602)
51,188
40,586
1,195,111
1,235,697		 ____
Total
2022
£
-
6,703
42,061
46,445 48,764
47,142
9,905		 64,403
10,190
57,047 74,593
(10,602)
51,188		 (25,829)
(216,683)
40,586
1,195,111		 (242,512)
1,437,623
1,235,697 1,195,111

5

ST CHRISTOPHER’S HALL TRUST

BALANCE SHEET

AS AT 30 SEPTEMBER 2023

AS AT 30 SEPTEMBER 2023 AS AT 30 SEPTEMBER 2023 AS AT 30 SEPTEMBER 2023 AS AT 30 SEPTEMBER 2023 AS AT 30 SEPTEMBER 2023 AS AT 30 SEPTEMBER 2023
_______________
2023 2022
Notes
£ £ £ £
£
Fixed Assets
Tangible Assets 8 192,469 194,213
Current Assets
Debtors 9 679 642
Investments 10 992,949 944,213
Cash at bank and in hand 52,787 61,719
1,046,415 1,006,574
Creditors: amounts falling due within 11
one year 3,187 5,676
Net current assets 1,043,228 1,000,898
Total assets less current liabilities 1,235,697 1,195,111
Income Funds
Unrestricted Funds 12 1,235,697 1,195,111
Restricted Funds 12 - -
1,235,697 1,195,111

The accounts were approved by the Trustees on 16 January 2024

Com

…………………………………………….

R West

…………………………………………….

P Watkins

……………………………………………. D Williams

6

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

_____________

1 Accounting Policies

1.1 Basis of Preparation

The accounts have been prepared in accordance with applicable accounting standards, the Charities SORP (FRS 102), issued in October 2019 and the Charities Act 2011.

1.2 Incoming Resources

Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.

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

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

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.

1.9 Grants Receivable

Income from government and other grants income is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

7

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023

_____________

2
Analysis of Income
Charitable activities
Donations and legacies
Grant for Schools & Youth Work
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
£
-
3,205
1,577
4,782
41,411
252
41,663
46,445
Unrestricted
Funds
£
35,412
11,230
500
8,195
1,710
-
57,047		 Restricted
Funds
£
1,500
-
-
-
-
-
-
1,500
Restricted
Funds
£
-
-
1,500
-
-
-
1,500		 Total
2023
£
1,500
3,205
1,577
4,782
41,411
252
41,663
47,945
Total
2023
£
35,412
11,230
2,000
8,195
1,710
-
58,547		 Total
2022
£
-
4,290
2,413
6,703
42,041
20
42,061
48,764
Total
2022
£
50,411
10,992
3,000
8,660
1,530
-
74,593

The grants payable were in support of Telford Christians.

Other expenditure includes the Independent Examiner’s fee of £ 1,350 (2022: £1,260).

8

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023

_____________

4 Net gains on investments

Profit on disposal
(Loss) / Gain on revaluation		 Unrestricted
Funds
£
56,549
(5,361)
51,188		 Restricted
Funds
£
-
-
-		 Total
2023
£
56,549
(5,361)
51,188		 Total
2022
£
59,385
(276,068)
(216,683)

5a Trustees

No Trustee received remuneration for their work as a Trustee.

No Trustee claimed expenses 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		 2023
Number
2
1
3
2023
£
27,461
3,024
30,485		 2022
Number
3
1
4
2022
£
36,862
4,383
41,245

No employee received total employee benefits exceeding £60,000 during the year.

7 Changes in resources available for charity use

Net movement in funds for the year
Net movement in funds available for future activities		 2023
£
40,586
40,586		 2022
£
(242,512)
(242,512)

9

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023

_____________

8
Tangible Fixed Assets
Cost
At 1 October 2022 and at 30 September 2023
Depreciation
At 1 October 2022
Charge for year
At 30 September 2023
Net Book Value
At 30 September 2023
At 30 September 2022
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
19,084
1,735
20,819
192,440
194,175		 Fixtures and
Fittings
£
2,663
2,625
9
2,634
29
38
2022
£
679
679
2023
£
992,949
2023
£
-
3,187
3,187		 Total
£
215,922
21,709
1,744
23,453
192,469
194,213
2021
£
642
642
2022
£
944,213
2022
£
-
5,676
5,676

10

ST CHRISTOPHER’S HALL TRUST

NOTES TO THE ACCOUNTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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
2022
30-Sep
2023
Income
Expenditure
Transfers
£
£
£
£
£
1,195,111
97,633
(57,047)
-
1,235,697
-
-
-
-
-
1,195,111
97,633
(57,047)
-
1,235,697
-
1,500
(1,500)
-
-
1,195,111
99,133
(58,547)
-
1,235,697
Fixed
assets
Current
assets
Creditors
Total
£
£
£
£
192,469
1,046,415
(3,187)
1,235,697
192,469
1,046,415
(3,187)
1,235,697

11