**REGISTERED CHARITY NUMBER: 2520** 01 

## **REPORT OF THE TRUSTEES AND EXAMINED ACCOUNTS FOR THE YEAR ENDED** 

**31 DECEMBER 2021** 

**for** 

**CHURCH STREET PROPERTY TRUST** 



## **CHURCH STREET PROPERTY TRUST** 

## **CONTENTS** 

**Report of the Trustees Statement  of Financial Activities Income & Expenditure Summary** 

**for the Year Ended** 

**31 December 2021** 



## **CHURCH STREET PROPERTY TRUST** 

## **REPORT OF THE TRUSTEES For the Year Ended 31 December 2021** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

Registered Charity number 252001 

## Principal Address 

5 Seggs Lane Alcester Warwickshire B49 5HJ 

## **Trustees** 

J Bunting C Gough S Payne C Brannigan David Henderson Timothy Foreman resigned December 2021 Thomas F Wilson Mark Venables appointed 07 October 2021 Mark Cargill appointed 07 December 2021 

## **Clerk to the Trustees** 

B Bunting 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

There is no formal Scheme of Management for the Charity.  The Trustees operate in accordance with The Charity Commission suggestions in a letter dated 24[th] July 1979. 

The Charity manages a terrace of five houses in the centre of the town of Alcester.  The properties are rented out and the profits used for local charitable purposes.  Grant requests submitted to the Charity are considered on an individual basis by the Trustees at the time, in line with the policies of the Trust which are to utilise the profit from the rental income for the maximum benefit to the community of Alcester. 



## **INCOME AND EXPENDITURE SUMMARY** 

## **INCOME** 

Due to the continuing Covid-19 pandemic, no annual rent increase was implemented for the 2[nd] consecutive year.    The annual revenue from the five properties was £42,405.00. 

£11.83 was earned in bank interest. 

## **EXPENDITURE** 

## **Property Expenditure** 

Annual expenditure on the properties for 2021 has totalled £9,041.02 which includes £5,576.00 on repairs, renewals and maintenance, £1,797.88 on buildings insurance, £1,554.65 on the annual contract with British Gas to service and maintain the gas appliances and provide the Landlords Gas Safety Certification and £112.29 on utility bills during a vacant period.  £1,000.00 was spent on administration. 

## **Grants Expenditure** 

£52,160.00 has been paid out in grants during the year, including monies pledged before the current financial year (£25,000 to the Greig Hall Renovations Fund and £5,000 towards the restoration of Our Lady & St Joseph’s Parish Hall) 

Negotiations between the Trust and Ragley Estate to purchase a parcel of land to ensure its continuation as public open space for the town have fallen through as the Ragley Estate no longer wishes to sell.