## **Kettering St Andrew Parochial Trust**
Registered Charity No : 259712
Annual Report & Financial Statements For year ended December 31st 2023
## **Trustees active during 2023**
Ex-officio
Revd Tom Houston Vicar
Mrs Christine Smith Church Warden
Mrs Barbara Carter Church Warden
Appointed
Mrs Debbie Cox Secretary
Mr Derek Price Treasurer appointed July 2023
Mrs Ailish Avery Trustee
Ms Harriet Carter Trustee appointed June 2023 Mrs Maggie Jones Trustee to February 2023
Mr Hugh Marks Treasurer to June 2023
## **Chair of Trustees:**
Revd Tom Houston
St Andrew’s Vicarage
Lindsay Street Kettering NN16 8RG
## **Bank**
Nat West Bank plc 16 High Street Kettering NN16 8SZ
## **Independ Examiner**
Mr Brian Reid ACMA
## **Trust Accounts**
Lettings have improved materially since 2020 as recovery from the Covid shutdowns continues. Occupancy has grown year on year for 2022 and 2023.
Thanks are due to Pat Elmore for her time administering the rooms which has now been taken over by Debbie Cox. Thanks also go to her and to Christine and Terry Smith for all their work to maintain and present the rooms for all users.
## **Kettering St Andrew Parochial Trust Accounts 2023**
|||**2023**||
|---|---|---|---|
|||**Non Restricted**|**Restricted**|
|**2022**||**Funds**|**funds**|
|**£**|**Receipts**|**£**|**£**|
|20,302|Room lettings|29,262||
|675|Donations|120||
|5,225|Grants & Key Deposits|100||
|5,651|Opening balance|10,152||
|**31,853**||**39,634**|**0**|
||**Payments**|||
|3,354|Insurance|3,768||
|3,305|Electricity & Gas|4,226||
|1,017|Printing|927||
|179|IT & Wi-fi provision|918||
|6,798|Security|-||
|3,678|Cleaning & Materials|5,130||
|1,269|Other Expenditure [Keys etc]|483||
|778|Maintenance|3,559||
|318|Waste Expenses|575||
|-|Contribution to Redevelopment|1,000||
|1,006|Water|1,280||
||Admin Recharges|
1,070||
|**21,702**||**22,937**|**0**|
|||||
|**10,152**|**Closing balances**|**16,697**|**0**|
|||||
|**4,501**|**Net Movement in Year**|**6,545**|**0**|
## **Trust Statement of Assets and Liabilities**
|**Represented by:**
**Current A/C**|**General Fund 2022**
**£**
**10,151**|**General Fund 2023**|
|---|---|---|
|||**£**
**16,697**|
The account is held with the Nat West Bank
## Other Assets
Vested in the Trust are land and property adjacent to St. Andrew’s Church, Kettering commonly referred to as the Church rooms and the Curate’s residence, together with various fixtures, furniture and fittings. During 1999, the bungalow was converted into additional meeting rooms and an enclosed link-way built. The property is now considered to be a single building. The refurbishment of the kitchen area was financed by a grant of £27,500 from the National Lottery Charities Board and the refurbishment of the ladies and gents toilets and hallway were financed by grants of £21,165 from Grantscape in 2012/13.
The property has not been professionally valued but is valued for insurance purposes:
||£|
|---|---|
|Church Rooms Buildings|1,255,796|
|Contents
|76,469|
## **Commentary on Income and Expenditure**
1. Room lettings were stronger for 2023 with income up to £29k [2022 £20k]. This showed an encouraging boost in occupancy rates no doubt in part helped by the ending of Covid restrictions and a wider section of the community using the facilities. Hopefully these rates will continue into 2024.
2. Insurances continues to rise year on year as a cost, rising to £3.7k in 2023 but will rise again in 2024 to £4.2k. This is however an unavoidable cost.
3. Increased occupancy, as shown in increased rental income, has been accompanied by increased facilities costs [Gas, Electricity, Water and Refuse collection]. Costs for 2023 increased to £6.1k from £4.6k in 2022. This increase however was constrained thanks to the fixed term energy contracts that have been in place. These are now ended and new rates are in place for Gas and Electricity for 2024. Inevitably these are higher unit costs and will reflect in our 2024 expenditure. This cost increase was a major driver in the decision to increase rental rates with effect from February 2024 and the revised rates should help alleviate this cost increase.
4. Adjusted funds at the bank increased over the year by £6.5k to £16.7k. This puts us in a strong position going into 2024 should significant repairs arise. However, the need to replace the heating system could make a significant dent in these reserves, currently estimated at £12k.
## 5. Reconciliaton of Bank account to Accounts:
£ Balance in Nat west per statement 31/12/2023 16,819.15 Net outstanding items included in Accounts (121.90) Adjusted balance at bank 16,697.25 Closing balance per Accounting Records 31/12/23 16,697.25
6. It is with sadness that the Trustees record the death of Mr Hugh Marks during 2023. Hugh gave generously of his time and talents to support the work of the Trust and will be sadly missed.
Trustees Report for Year Ending 31st December 2023
The Kettering St Andrew Parochial Trust, established in 1951, is a registered charity [No 259712] whose objects include any charitable purpose within the Ecclesiastical Parish of St Andrew, Kettering.
## Trustees
The Trust Deed provides for 3 ex officio Trustees and up to 4 appointed Trustees. Appointment of new Trustees is by the other Trustees and it is required that they shall be “persons who through residence or occupation or employment or otherwise have special knowledge of the area of benefit”, namely the Ecclesiastical Parish of St Andrew, Kettering.
## Documents governing the operation of the Trust
The Trust was registered as a charity in 1951 on the basis of its definition in a clause of a Conveyance dated 11[th] May 1951 and a scheme regarding the charity was approved by the Charity Commissioners on 31[st] October 1997.
## Review of the Year Activities
The Trust made one beneficial distribution of cash to support the Redevelopment Project for St Andrews Church of £1,000 during the year. Otherwise, the Trust continues to provide an affordable meeting space and facilities, including some equipment storage space, for a wide variety of groups and organisations.
## Income Tax
There are no covenants in operation for the benefit of the Trust.
## Trust Financial details
Details of the Trusts financial position and insurance valuations of the main assets are included in the Financial section above along with details of current assets and a reconciliation of the assets held at the bank with the accounting balance shown in the books of account. [Trust statement of Assets and Liabilities Section and also Note 5]
## **Kettering St Andrew Parochial Trust**
Registered Charity No : 259712
Annual Report & Financial Statements For year ended December 31st 2023
## **Trustees active during 2023**
Ex-officio
Revd Tom Houston Vicar
Mrs Christine Smith Church Warden
Mrs Barbara Carter Church Warden
Appointed
Mrs Debbie Cox Secretary
Mr Derek Price Treasurer appointed July 2023
Mrs Ailish Avery Trustee
Ms Harriet Carter Trustee appointed June 2023 Mrs Maggie Jones Trustee to February 2023
Mr Hugh Marks Treasurer to June 2023
## **Chair of Trustees:**
Revd Tom Houston
St Andrew’s Vicarage
Lindsay Street Kettering NN16 8RG
## **Bank**
Nat West Bank plc 16 High Street Kettering NN16 8SZ
## **Independ Examiner**
Mr Brian Reid ACMA
## **Trust Accounts**
Lettings have improved materially since 2020 as recovery from the Covid shutdowns continues. Occupancy has grown year on year for 2022 and 2023.
Thanks are due to Pat Elmore for her time administering the rooms which has now been taken over by Debbie Cox. Thanks also go to her and to Christine and Terry Smith for all their work to maintain and present the rooms for all users.
## **Kettering St Andrew Parochial Trust Accounts 2023**
|||**2023**||
|---|---|---|---|
|||**Non Restricted**|**Restricted**|
|**2022**||**Funds**|**funds**|
|**£**|**Receipts**|**£**|**£**|
|20,302|Room lettings|29,262||
|675|Donations|120||
|5,225|Grants & Key Deposits|100||
|5,651|Opening balance|10,152||
|**31,853**||**39,634**|**0**|
||**Payments**|||
|3,354|Insurance|3,768||
|3,305|Electricity & Gas|4,226||
|1,017|Printing|927||
|179|IT & Wi-fi provision|918||
|6,798|Security|-||
|3,678|Cleaning & Materials|5,130||
|1,269|Other Expenditure [Keys etc]|483||
|778|Maintenance|3,559||
|318|Waste Expenses|575||
|-|Contribution to Redevelopment|1,000||
|1,006|Water|1,280||
||Admin Recharges|
1,070||
|**21,702**||**22,937**|**0**|
|||||
|**10,152**|**Closing balances**|**16,697**|**0**|
|||||
|**4,501**|**Net Movement in Year**|**6,545**|**0**|
## **Trust Statement of Assets and Liabilities**
|**Represented by:**
**Current A/C**|**General Fund 2022**
**£**
**10,151**|**General Fund 2023**|
|---|---|---|
|||**£**
**16,697**|
The account is held with the Nat West Bank
## Other Assets
Vested in the Trust are land and property adjacent to St. Andrew’s Church, Kettering commonly referred to as the Church rooms and the Curate’s residence, together with various fixtures, furniture and fittings. During 1999, the bungalow was converted into additional meeting rooms and an enclosed link-way built. The property is now considered to be a single building. The refurbishment of the kitchen area was financed by a grant of £27,500 from the National Lottery Charities Board and the refurbishment of the ladies and gents toilets and hallway were financed by grants of £21,165 from Grantscape in 2012/13.
The property has not been professionally valued but is valued for insurance purposes:
||£|
|---|---|
|Church Rooms Buildings|1,255,796|
|Contents
|76,469|
## **Commentary on Income and Expenditure**
1. Room lettings were stronger for 2023 with income up to £29k [2022 £20k]. This showed an encouraging boost in occupancy rates no doubt in part helped by the ending of Covid restrictions and a wider section of the community using the facilities. Hopefully these rates will continue into 2024.
2. Insurances continues to rise year on year as a cost, rising to £3.7k in 2023 but will rise again in 2024 to £4.2k. This is however an unavoidable cost.
3. Increased occupancy, as shown in increased rental income, has been accompanied by increased facilities costs [Gas, Electricity, Water and Refuse collection]. Costs for 2023 increased to £6.1k from £4.6k in 2022. This increase however was constrained thanks to the fixed term energy contracts that have been in place. These are now ended and new rates are in place for Gas and Electricity for 2024. Inevitably these are higher unit costs and will reflect in our 2024 expenditure. This cost increase was a major driver in the decision to increase rental rates with effect from February 2024 and the revised rates should help alleviate this cost increase.
4. Adjusted funds at the bank increased over the year by £6.5k to £16.7k. This puts us in a strong position going into 2024 should significant repairs arise. However, the need to replace the heating system could make a significant dent in these reserves, currently estimated at £12k.
## 5. Reconciliaton of Bank account to Accounts:
£ Balance in Nat west per statement 31/12/2023 16,819.15 Net outstanding items included in Accounts (121.90) Adjusted balance at bank 16,697.25 Closing balance per Accounting Records 31/12/23 16,697.25
6. It is with sadness that the Trustees record the death of Mr Hugh Marks during 2023. Hugh gave generously of his time and talents to support the work of the Trust and will be sadly missed.
Trustees Report for Year Ending 31st December 2023
The Kettering St Andrew Parochial Trust, established in 1951, is a registered charity [No 259712] whose objects include any charitable purpose within the Ecclesiastical Parish of St Andrew, Kettering.
## Trustees
The Trust Deed provides for 3 ex officio Trustees and up to 4 appointed Trustees. Appointment of new Trustees is by the other Trustees and it is required that they shall be “persons who through residence or occupation or employment or otherwise have special knowledge of the area of benefit”, namely the Ecclesiastical Parish of St Andrew, Kettering.
## Documents governing the operation of the Trust
The Trust was registered as a charity in 1951 on the basis of its definition in a clause of a Conveyance dated 11[th] May 1951 and a scheme regarding the charity was approved by the Charity Commissioners on 31[st] October 1997.
## Review of the Year Activities
The Trust made one beneficial distribution of cash to support the Redevelopment Project for St Andrews Church of £1,000 during the year. Otherwise, the Trust continues to provide an affordable meeting space and facilities, including some equipment storage space, for a wide variety of groups and organisations.
## Income Tax
There are no covenants in operation for the benefit of the Trust.
## Trust Financial details
Details of the Trusts financial position and insurance valuations of the main assets are included in the Financial section above along with details of current assets and a reconciliation of the assets held at the bank with the accounting balance shown in the books of account. [Trust statement of Assets and Liabilities Section and also Note 5]
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
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