Charity Registration No. 229886
ST CHRISTOPHER’S HALL TRUST
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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 – 11 |
ST CHRISTOPHER’S HALL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their report with the financial statements of the charity for the year ended 30 September 2024. 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 D Croker R Denyer
Independent Examiner Louise Hallsworth FCA Baxter & Co Lynwood House Orpington BR6 8QE 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.
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ST CHRISTOPHER’S HALL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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 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 Men’s Group, Ladies Group, “Emmaus Fellowship” and some adhoc activities.
The Trust’s investments increased about 10% over the year. However, the income dropped a further 5% and remains below 2019 levels. Current expectation is for a partial recovery in 2024/25.
The Trustees have continued a service contract with Mr R West for administration. During the year, Mr R West received £2,500 in accord with the contract. He remains voluntary in all other capacities. The five Trustees have been pleased to continue and are from a range of local churches.
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 2024, the Trust has unrestricted reserves of £1,331,847 (2023: £1,235,697). The reserves are invested to provide income for expenditure in future years.
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.
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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 £96,150 (2023: net income of £40,586).
ON BEHALF OF THE BOARD
…………………………………………..
R West
Date: 20 May 2025
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 2024 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 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:
-
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
The financial statements do not accord with those records; or
-
The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.
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.
Louise Hallsworth FCA Baxter & Co Lynwood House Orpington BR6 8QE
Date: 28 May 2025
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ST CHRISTOPHER’S HALL TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| __ | _________ 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 2023 Fund balances at 30 September 2024 |
__ Unrestricted Funds £ - 6,694 39,799 |
___ Restricted Funds £ - - - - - - - - - - - - |
_______ Total 2024 £ - 6,694 39,799 46,493 50,163 10,186 60,349 (13,856) 110,006 96,150 1,235,697 1,331,847 |
____ Total 2023 £ 1,500 4,782 41,663 |
|---|---|---|---|---|---|
| 46,493 | 47,945 | ||||
| 50,163 10,186 |
48,642 9,905 |
||||
| 60,349 | 58,547 | ||||
| (13,856) 110,006 |
(10,602) 51,188 |
||||
| 96,150 1,235,697 |
40,586 1,195,111 |
||||
| 1,331,847 | 1,235,697 |
5
ST CHRISTOPHER’S HALL TRUST
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
_______________
| 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 |
£ 705 1,092,240 51,516 |
2024 £ 190,727 1,141,120 1,331,847 1,331,847 - 1,331,847 |
£ 679 992,949 52,787 1,046,415 3,187 |
2023 £ 192,469 1,043,228 |
|---|---|---|---|---|
| 1,144,461 3,341 |
||||
| 1,235,697 | ||||
| 1,235,697 - |
||||
| 1,235,697 |
The accounts were approved by the Trustees on
20 May 2025
……………………………………………. R West
……………………………………………. P Watkins
David Williams
…………………………………………….
D Williams
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ST CHRISTOPHER’S HALL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
_____________
1 Accounting Policies
1.1 Basis of Preparation
The accounts have been prepared under the historical cost convention, with investments included at fair value.
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
1.5 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
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.
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ST CHRISTOPHER’S HALL TRUST
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
_____________
| 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 £ - 4,726 1,968 6,694 39,240 559 39,799 46,493 Unrestricted Funds £ 37,901 11,562 700 8,338 1,848 - 60,349 |
Restricted Funds £ - - - - - - - - Restricted Funds £ - - - - - - - |
Total 2024 £ - 4,726 1,968 6,694 39,240 559 39,799 46,493 Total 2024 £ 37,901 11,562 700 8,338 1,848 - 60,349 |
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 |
The grants payable were in support of Telford Christians.
Other expenditure includes the Independent Examiner’s fee of £1,416 (2023: £1,350).
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ST CHRISTOPHER’S HALL TRUST
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
_____________
4 Net gains on investments
| Profit on disposal (Loss) / Gain on revaluation |
Unrestricted Funds £ (7,654) 117,660 110,006 |
Restricted Funds £ - - - |
Total 2024 £ (7,654) 117,660 110,006 |
Total 2023 £ 56,549 (5,361) 51,188 |
|---|---|---|---|---|
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 |
2024 Number 2 1 3 2024 £ 28,630 2,696 31,326 |
2023 Number 2 1 |
|---|---|---|
| 3 | ||
| 2023 £ 27,461 3,024 |
||
| 30,485 |
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 |
2024 £ 96,150 96,150 |
2023 £ 40,586 |
|---|---|---|
| 40,586 |
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ST CHRISTOPHER’S HALL TRUST
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
_____________
| 8 Tangible Fixed Assets Cost At 1 October 2023 and at 30 September 2024 Depreciation At 1 October 2023 Charge for year At 30 September 2024 Net Book Value At 30 September 2024 At 30 September 2023 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 20,819 1,735 22,554 190,705 192,440 |
Fixtures and Fittings £ 2,663 2,634 7 2,641 22 29 2024 £ 705 705 2024 £ 1,092,240 2024 £ - 3,341 3,341 |
Total £ 215,922 |
|---|---|---|---|
| 23,453 1,742 |
|||
| 25,195 | |||
| 190,727 | |||
| 192,469 | |||
| 2023 £ 679 |
|||
| 679 | |||
| 2023 £ 992,949 |
|||
| 2023 £ - 3,187 |
|||
| 3,187 |
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ST CHRISTOPHER’S HALL TRUST
NOTES TO THE ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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 2023 30-Sep 2024 Income Expenditure Transfers £ £ £ £ £ 1,235,697 156,499 (60,349) - 1,331,847 - - - - - |
|---|---|
| 1,235,697 156,499 (60,349) - 1,331,847 |
|
| - - - - - |
|
| 1,235,697 156,499 (60,349) - 1,331,847 |
|
| Fixed assets Current assets Creditors Total £ £ £ £ 190,727 1,144,461 (3,341) 1,331,847 |
|
| 190,727 1,144,461 (3,341) 1,331,847 |
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