St Peter's Non Ecclesiastical Charities Annual report for the year ended 5 April 2024 Charity Registration No. 235765
St Peter's, Non-Ecclesiastical Charities Trustees and Advisors Trustees Councillor Jonathan Robert Hucker (Chairn)an from 28 mh 2023 - ClP1 2t September 2022) Aldennan Robert CoTge Howard Lewis (Cbairnwi from 2P September 2022 to 28° March 2023- elected 25" October 2011) Aldennan Colin James Nelson Williams (Chairnwi to 2P SeptrmFKr 2022 - ele¢tcd 25" October 2011) Aldemian Royston Alan GTiffey Ivice-Chairnkin- elected 2 September 2022) Aldernian Mrs Sylvia Jeanne Townsend (Apwinted full July 2015) Aldennan Jaqueline Edna Nornw) (C(Fopted 2P Novemt¢r 2022) Independent Examiner RaOnd Mark Gullock 65 Charlcombe Rise Portishead Bristol Bankers HSBC Bank plc 62 George White Stre& Cakx)t Circus Bristol Stockbrokers Evelyn Partners Portwall Place Portwall tane Bristol
St Peter's, Non-Ecelesiastical Charities Report of the Trustees for the year ended 5 April 2024 Stru¢ture? governance and managemeDt The Clwity is governed by a Charity Commi&sion Scheme ofAnwgan¢nt dated 15 March 1974. Bristol City Coullcil appoint 4 nnInatIve TnLStee5 every 4 Yr5 and th¢ nominativ¢ Tnkn can appoint 2 C{ptive Trustees for a 5 year tffm. S¢lcction of Trustees - The nominative Trustees may be, but need not k, a MeTnber of th¢ Cowicil. Co-OPtiv¢ TnWe¢s shall Ix ttrsons who through re5idencc, ¢UpatIO1 employment or other%vise have special knowledge of the said city. The sOnS aptx)inted may k. but need not k a Mernlr of the Council. The Trnstees have examined the majiK strat¢gic and otiional risks that the charities f¢. Th¢ Trustees are satisfird that systems are in place to mitigate these risks. Historyg objectives and activities The original Charity was for the w of the PaTish of St Pet¢rs. The church and some of the surrounding land was IKJmiKd in the Sec(ynd World War and w&8 redeveloped as the Broa(hnead Shopping Centre. C(wuently. there remained no prishion¢rs of St Peters to l(Kyk after. Th¢ Charity w&$ amalgamated with a number of Small ¢xtin¢t charities and on 15th March 1974 the Charity Commission i&su¢d a Scheme of Attangcment under which the Charity cutTetrtty op¢rat¢s. The principal activities of the Chartties remain unchanged. The Trustees apply the yearly income of thc Charities in r¢lieving either gener311y or individually peT50ns who are in u)nditions of nesl hardship or distress and resident in the City and County of Bristol. The Trustees confimi they have complied with their duty under th¢ Charities Act 2011 to have due regard to public benefit guidanee published by the Charity Commi5sioll and detail below the main activities undertaken to fiErther th¢ charlty's purFM)ses for the public benefiL They believe that the 1974 ScheTne of ATrangement requirements with regard to the application of income ensures the benefits are ¢l¢arly identifiable. Grdnts to beneficiarie4 in accordan¢¢ with the Charity's obj¢¢tive& Ca nettherthem nor the wider cottllnunty any detrimental ¢ff¢¢L In additio the ffstriciions as to who have the opwrhmty to knefit are proportionate and justifiabl¢ given th¢ nature of the Charity's objectives and resources available. Th¢y apply to people with a stated neel within a clearly defud geogTaphical aTO and no f¢¢ is paid in order to obtain benefit from the Charity. Th¢ appropriation of the income of the Charitie5 tllU5t b¢ madc by thc Trustees at meetings of their body and not separately by any individual Tnee or Trustees. Historically, the majority of grants were Tnade by th¢ TSteeS after considering applications submitted by oificets of Bristol Cty Council's former Social S¢rvi¢es DepartmenL Following a review of the methods by which th¢ requirements of the 1974 Schem¢ of Arrangement for the distribution of income and the Charitie5 Act 2011 can be met in 2 Cost effective way, the Trustees. several years ago: decided to continue to consider applications submitted by Officers of Bristol City Council i>ut to supplement these with individual applications from Ial charities.
St Peter's, Non-Ecclesiastical Charities The assets of the Charities are managed in accor with the Trustee Act 2000. To assis¢ the Trustees have engaged Evelyn PaTtneTS as inveslment managers with the ObJtive of enhancing the real value of the assets over time in a medium risk tK)rtfolio. There is also a requirement that the portfolio should aim for a balance lthveen longer term growth and cUent incom¢. Financial Review The in¢ome from iDve5tmert8 is distributed io with the 1974 Scheme OrAngemenL During the yearthe Trustees made grants tcrtalling £26.7. To attain this level of inc(yme distribution th¢ TnCeS regularly monitored the [)rtfolIO investment rfom)an¢¢. During the year the total Ito[e rel%1v was £50,01 I, which repr¢s¢nts a yield on cost of 5. I/¢j (2023: 5.37/0) The value of the investment wrtfolio has increased by £25.830 which wa5 equivalent to an increase of 2.18O/D. This compaEfS with a inueage in the MSCI PDAFA Balancd Index (Personal Investment Management and Financial Advice Association) of I1.7Yo Going concern The tswstees have a reasonable exrKctstion that th¢ Charity h&8 adequate tesources to continue in 0ratIonal existence for foreseeable futUTe. For this reaso they continue to adopt the going concern basis in preparing the financial statanents. Reserva Poli Unrestricted rew4es of £1,196.150 are held by the Charity kn meet its firture obligations. The Trustees are endeavowin8 to Jh a of qualifying individuals to tefit from distributions. The Trugteeg regulaAy review the reselves p)sition in the light of their existing knd anticipAted commitments.
St Peter's, Non-Ecclesiastical Charities Statement of Trusttts, Responsibility Charity law Ul[¢S the Tntstees to prepare fllwicial statements for each financial year which give a true and fair view of the state of affair5 of th¢ Charity for that year. Ill pffparing those financial statementy the Tntstees are required to.". (a) s¢l¢ct suitable accounting wlicies and apply them consistently. (b) observe the MK]S and winciples of the Chartties Ststement of Recommended Practice {SORP); (C) (d) state whether applicable accounting standards have E*en followe41 subject to any malerial depart disclosd and explained in the financial statemen and (e) prepare the fitwicial 5tatanents on the -going Co[eTh basis- unkss it is inappropriate lo presume that th¢ Charity will continue in business. The TnteeS are responsible for keeping proper accouTJting CordS that disclos¢ with reasonable accuracy at any time the finan¢aai p)sition of the Charities and ¢n&bl¢ them to ensure that the financial statements compty with the Charities Act 2011. the Charity (Accounts and Rewrts) Regulations 2008 and th¢ wovisions of the Scheme of Anwgement dated 15 March 1974. They are also responsible for safeguarding the &ssets of the Charities and hen for taking re&sonabl¢ st$ for the prevention and detr¢tiOll of fiaud and other irregLilaritTes Independent Examiner The Trustees have optd for an Indndent Examination of the accounts and have apwinted R M Gull(Kk who will IK considefftl for reapttinent at the Annual Genernl Meeting. Signed on IKhalf of the Tn
Independent Examiner's Report to the Trustees of St Peter's, Non-Eccl£siastical Charities I rel on the accounts of the Charities for the y¢ar ended 5th April 2024. which are set out on pages 6 to 10. Respective responsibilities of trusteu and examiner The charities, Trustees are responsible for the pr¢porntion of th¢ ac¢ounts. The charities. Tnjstees onsid¢r that an audit is Dot Tequired under section 144(2) of the Charities Act 2011 and that an independent examination is needtxi. It is my resw)nsibility to: examine the acwunts under section 145 of the Charttie5 Act 2011 to follow the pr(Kedures laid down in the General Directions given by the Charity Commi55ioner5 under section 145(5Xb) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordancc wtth the G¢ncral Dircctions given by the Charity Commissioners. An examination includes a vieW of th¢ kccowiting records kept by the charities and a comparison of the accounts psented with those records. It also includes consid¢ration of any unusual items or disclosure5 in the accounty and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would IK required in an audiL and consequently I do not presS an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examinatÈon. no matter hLg com¢ to my attention: (l) whi¢h gives me &sonable cause to believe that in any material respcct the requir¢ments to keep accounting r¢¢ords in ac¢ordanc¢ with section 130 of the 2011 Act" and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not me¢ or (2) to which. in my opinion, attention should b¢ drnwn ill order to ¢nabl¢ a pmper understanding of the accounts to be r¢ached. Z•2 R M Gullock 65 CharlcomlK Ris¢ Portishead Bristol
St Peter's, Non-Ecclesiastical Charities Statement of financial activities for the year ended 5 AprRI 2024 Capital fuAd Total Iyotrs T•)tsl 21)24 2024 2023 Incoming Inv¢simeiii iticome oil 5QOii 51,026 Total ineome oil 51.026 Expendire Costs ofrai¥ingfvnd¥ 9ffj16 9ts16 9,652 Cltariiable artivines 27,475 27,475 Totsl ¢Ind1t 37,091 33.470 let intome 11920 12.920 17.556 Other rttogrtised yinJlOoJxsl GaiTrllliI inve5tmellts 1.622 1ffj22 (3,122) Ot) rev8]3t1 1786 97.593 Net MoYemeNt in 17J28 17J28 (83,159) lietoneilitiott of fwids Totsl fimds brou8hi forward 1,178.822 39,437 1214259 1.301,418 Total fullds urried 39,437 123S 1.218259 All activities are colltiDuing in llan¢. The notes on pages 8 to 10 form part of these 1)unts
St Peter's, Non-Ecclesiastical Charities Balance sheet at 5 April 2024 2024 2023 Notes Fixed auets Investments 1.181711 CUrt 8ss¢ts Short tem) deposits Cash at bank 14W5 11.740 39,49S 47,985 54J(M 59,7?5 Liabilities Amounts falling du¢ within year (27254) (24,177) Net current assets 27W6 35,548 Total net a&sets or liabilities 1235 1218259 Tbe fllnds of the tbarity: Unrestricted . Income fund (unrestricted) . Capits] fund 1,178.822 39A37 39.437 Total charity 1335y7 1218259 Trustee The nol¢s on 8 to 10 forni of these a¢¢oun
St Peter's, Non-Ecclesiastical Charities Notes to the accounts 5 April 2024 l Aceounting w•lieies In preparing the accounts the following xLounting wjlicies have IKen cotnplied with: (a) The financial statements have iwi pre[ in accordance with Ac£ounting and Rewrting by Charitie5: Sta*ment of R0Mmended Practice applicable to charities in the UK and Republic of Ir¢]and (FRS102) i&sued on 16 Julv 2014 and Financial Rewrting Standard applicable in the United Kingdom and Republic of htland (FRS102) and Charities Act 2011. The charity Constitu a public benefit entity as defined by FRS 102. (b) Fixed asset inv¢stm¢nts rejate to quotsj investments and aTe included at market Val at thc balance sheet date. Gains and Ioss¢s on di5fK>5al and revaluation are charged or creditol to th¢ Statement of Financial Activities (SOFA). Any ¢osts aslated with the sale or purchases of investments are accounted for as part of the sale or pUh&s¢ of the investtn¢nl& (c) Ino)me from inveslments is includeAi when fun(Ls a rec¢iv¢d. (d) &w[llUTe is included on an a¢cnwls basis and is recognised when there is a legal or constructive obligation to pay for eXpditit. The Charity h&s not made any grant commitsnents of morc than one year. (¢) All income and eX)dit aTises from the continuing activities ofthe Charities. Tation The Charity is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied to charitable purtMM. Employees No Tnistee received any remunerdtion from the Charities. Ftts of £350 (2023 £325) were paid to th¢ Independent Examiner for his servic¢s relating to the examinatio
St Peter's, Non-EcclesRastical Charities Fixed asset investments 2024 2023 At 6 April 2023 A(Iditions 1.181711 1261,559 J53222 88.988 DisFK)5als at the brought fonvard market value Revaluation to market value (130.178) (70243) 2.786 (97,593) MaTket value at 5 April 2024 120&541 1.182,711 Historical cost at 5 April 21r24 949.767 Material investments atr hcld in M&G Securities IM&G Ch&Tifu}. 50/0 Liabilities: amounts falling due within one year 2024 2023 Distrbj utions of income 050 21.021 administTrtioo 745 2J99 2.411 27254 24,177
St Peter's, Non-EcclesRastical Charities io Analysis of expenditure OD cbaritable activities 2024 2023 ExpeDdttuTr ¢harit8blt •tlivil¥ G0venllee and Stsprt e(&ts 745 Bank charges 27,475 23,818 Funds (a) Capit81 This represents the origitlli capital of the Chariti¢s. (b) Income funds Thes¢ fimds c(rtnprts¢ the unsFnt in¢(me in ¢a¢h yw. the unsiKIrt income of the capital fund and the income invethl by accumulatio Analysis of net assets between funds Capitsl fund In¢ome Fund Total Funds Fund balance5 at 5 April 2024 are TePreS by: Fixed asset investments 39.437 1.169,104 1208.541 54.3 54,31)0 Current liabilities (27254) (27254) Total net assets 39.437 1,196,150 1235,587 unrealis gains in¢lud¢d atKJv¢ 228249 228.249