Registered number.. 01389165 Charity number- 260601 THE CONGREGATIONAL MEMORIAL HALL TRUST {1978) LIMITED (A company Ilmlted by guarantee) COUNCIL MEMBERS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Gsfd&co Griffin Stone M05crop & Co 100 YEARS
Docuslgn Envelope ID.. 6c675DOA491C-480A-993&0E4cF5SF2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA ¢ompany limited by guarantsel CONTENTS Page Reference and administrative details of the company, Its council members and advisers Council members, report Independent audttors, report on the financial statements 8-11 Statem&nt of financial activities 12 Balance sheet 13 Notes to the financial statements 14-32 Griffin Stone Trloscrop & Co
Oow5ign Envelope ID.. 6C675DOA-491C-48DA-993B-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS COUNCIL MEMBERS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Councll members Rev. C. J. Damp, Chairman Mrs. S. Austin Mr. P. Bonnier Rev. T. Brand Rev. B. J. Bridges Mr. J. G. Ellis Rev. G. M. Evans Mr. S. Fairninglon I81ge 9 February 20231 Dr. D. L. James Rev. J . J. Macro Mrs. M. M. Thompson Rev. D. M. Wales Page 1 Griffin Stone M05crop & Co
Docus¥Jn Envelopp ID. 6C675DOA491C46DA-993&0EA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS COUNCIL MEMBERS AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Company reglstered numbgr 01389165 Charity reglstered number 260601 Reglstered offlcg 17 Springfield Park, Alnwick, NE66 2NH Princlpal operating off1¢9 17 Springfield Park, Alnwick, NE66 2NH Company secretary Mr. W. Duncan Independent auditors Grrffin Stone Moscrop & Co, 21-27 Lamb's Conduit Street, London, WC1 N 3GS Bankers Triodos Bank UK Ltd, Oeanery Road. Bristol. BS1 SAS Solicitors Sintons LLP, The Cube, Barrack Road, Newcastle upon Tyne, NE4 6DE Page 2 Griffin Stone Moscrop & Co ok¥¢T[P(JN14TsÉttQSTÉAE9IT
Docuslgn Envelope ID". 6C675DOA491c-46DA-993E4&CFSsF2c THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company lirnited by guarantee) COUNCIL MEMBERS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The council member5 present their annual report together with the audited financial statements of the company for the period 1 January 2023 to 31 December 2023. The annual report servès tho purposes of both a council members. report and a directors, report under company law. The council members confirm that the annual report and financial statements of the charitable company comply with the ¢LJrrenl slalulory requirements, the requirements of the charitable companrfs governing document and the provisions of the Slalemenl of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with th& Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. Sin¢e the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Reporti Regulations 2013 has been omitted. Objectives and activities a. Policies and oble¢tlv8$ In setting objectives and planning for aclivilies, the council members have given due consideration lo general 9uidance published by thè Charity Commission relating lo public benefit and in particular lo ils suppSementary public benefit guidan. The principal objectives of the Trust are lo provide grant funding lo its constituent bodies in respect of their activities and to maintain the Congregation81 Library. These objectives ensure that the Trust meets the Charity Commission's public benefit criteria. b. Activities for achieving objectlves The principal activities of the Trust have continued to be the maintenance and upkeep of the CDngregalional Library, the continuance of the Congregational Lectures. and the making of grants lo the United Refomed Church and Congregational Federation and the Evangelical Fellowship of Congregational Churches. c. Grant-maklng poli¢ios Grants are made in accordance with the trust deed. Council meets hmice a year and al the second meeting held each year lin September) the decision on the appropriate level of lotsl funds lo be disbursed by way of grant is made. Grants are made lo the three consif(uenl bodies in the following proportions.. Un((ed Reformed Church - 700 Congregational Federation- 200 Evangelical Fellowship of Congregational Churches- 100 In addition Unafflialed Congregational Churches Charities will receNe 1 % of the lolal awarded to the three main constituent bodies. Grants lo theso bodies in the year 2023 amounted to £166.87512022- £155,895). Page 3 Griffin Stone Moscrop & Co
Do(AJslgn EnvebtE ID". 6C675DOA491C-46DA.9938.OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED {A company Ilmited by guarantee) COUNCIL MEMBERS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 ObjectNe$ and activities Icontlnued} d. Th& Congregational Llbrary and Lectures The Trust hosts a Congregational Lecture annually, which is an opportunity for scholars to do research and contribute to the thinking of those in the Reformed tradition and add lo the theological Ihou9hl Df the whole Church. Achievements and performance a. Review of activitie$ A summary of the year's results is given in the statement of financial activities, the balance sheet and the notes lo the financial slatemenls. During the year, the Trust made charitable grants of £166,87512022- £155,895). In April 2022, the company's lease of premises al Dr Williams's Library and ils management agreement with Dr Williams's Library came to an end 2nd after careful consider2tion the couricil of management decided not to extend or renew these. The collections and record5 were placed in temporary offsite storage under the di¢1 control of the Congregational Library. Westminster College, Cambridge has been selected as a new library partner. following research and negotiation. b. Investment policy and performance Under the memorandum and articles of ?s$ocialion the Trust has power t¢ make any investment which the council members see fil. The Iruslees seek ID ensure that the investments generate income sufficient lo meet the demand for grants and the maintenance and upkeep of the Congregational Library. During the year ended 31 December 2023 the Trust's fixed asset investmen15 increased by £949,677. The council members have appointed CCLA Fund Managers Ltd ICCLA) as sole managers of the Trust's funds. which are invested in the COIF Charities Ethical Investment Fund. Financial revlew a. Going concern After making appropriate enquiries, the council members have a reasonabl& expectslion that the company has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial slatemenls. b. Reserves policy The Trust is wholty dependent on the income from ils investmonls. Council has established a policy whereby such of ils funds as are not commilled or invested in tangible or other fixed asset investments held by the Trust should be equivalent lo not less than threè months. worth of lolal annual resources expended. Al this level, council feels that, in the event of a significant drop in investment income, il would be able lo continue the current adivities of the Trust. Page 4 Grlffin Stone Moscrop & Co
Do¢uSn Envelope ID 6C875DOA491C460A-993B-OEAg6CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED {A company Ilmlted by guarantee) COUNCIL MEMBERS, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Prlncipal fundlng The principal funding of the Trust is generated by the investment income derived from its investment5. d. Matgrial investments pollcy Material investments held by the Trust have been held for their futur& growth and income4eneraling capabilities. structure, govemance and management a. Constitution The Trust is a trust of the charity known as The Congregational Memorial Hall Trust (formerly The Congregational Memorial Hall in Farringdon Street in the City ol London), which is governed by its foLJndation deed 015 July 1872 as affected by the Schemes of the Charity Commissioners and the memorandum and articles of the company. The company conducts no other business. b. Policio$ adopted for the method of appointment or electlon of council members The management of the company is the responsibility of the council members who are elected and co-opted under the terms of the Trust deed. The council usually comprises 12 mernbers who are appointed by the consiluenl bodies 16 members by the United Reformed Church and 3 members each by the Evangelical Fellowship of Congregational Churches and the Congregational Federalionl. Organisatlonal structure and decision-maklng The day lo day affairs of the Trust are managed, under Ihg direction of council, by the clerk, who is the company secretary. All decisions are made by council who meet twice a year and al any other lime when considered necessary. d. Risk management Council have identrfied the major risks to the Trust as being related lo movements in markets and particularly Iluctualions in income distibulions. We are invested in the COIF Charities Ethical Investment Fund. This is an actively managed, balanced portfolio with a key objective of keeping risk under firm control. The fund invests in a diversified portfolio of good quality assets spread across a range of sectors including equities, bonds, property and some allernalive assets. In addition, appropriate arrangements have been taken to reduce the risk of damage lo the Congregational Library and artefacls. Council monitors and manages the major risks faced by The Trust on a regular basis. Plans for future periods Since April 2022, The Council of management and The Library sub-comitlee have been reseaching potential new library partners. An agreement has been reached with Weslminsler College, Cambridge which will see The Congregational Library relocated lo and working out of the College. There are numerous synergies beeen Weslminsler's current library and archives collections and that of the Congregational Library. We all look forward lo a new epoch when the Library's collections are promoted and Westminster becomes a place of research, discussion and conferencing. celebrating the Congregational and Dissenting heritage and exploring ils continuing contribution lo Christian life in these nations and beyond. Page 5 Grfffin Stone M05crop & Co
Do¢usn Envelope10". 6C875DOA491C46DA-g93&0EA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED {A company limited by guarantee) COUNCIL MEMBERS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Members, liability The mèmbers of the Trust guarantee lo contribute an amount not exceeding £1 to the assets of the charity in the event of windirig up. Herltsg& assets Heritage assets comprise manuscripts. library books, chairs, portraits and a bust. Statement of council members, responsibilities The council members (who are also the directors of the company for the purposes of company lawl are responsible for preparing the council members. report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Pra¢licel. Company law requires the council members to prepare financial 51alemenls for each financial year. Under company law, the council members must not approve the financial slalemenls unlèss they are satisfied that they give a true and fair view of the state of affairs of the company 8nd of ils incoming resources and application of resourcgs, including ils income and expenditure, for that period. In preparing these financial slatemenls, the council members are required lo.. select suitable accounting policies and then apply them consislenlly., observe the rNethods and principles of the Charities SORP IFRS 1021.. make judgements and a¢¢ounling estimates Ihal are reasonable and prudent., stste whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the company will continue in business. The council rllembers are responsible for keeping adequate accounting records that are sufficient lo show and explain the companls transactions and disclose with reasollable accura¢y al any lime the financial position of the company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢ompany and hence for taking reasonable steps for the prevention and detection of fraud and other irregulaTlties. Dlsclosurg of informatlon to audÈtors Each of the persons who a council members al the time when this council members. report is approved has confirmed Ihal.. so far as that council member is aware. there is no relevant audit information of which the charitable company's auditors are unawaro, and that council member has taken 811 the steps that ought lo have been taken as a council member in order lo be aware of any Information needgd by the charitable company's auditors in connedion Wbth preparing their report and lo establish that the charitable company's auditors are aware of that information. Page 6 Griffin Stone Moscrop & Co
Docuslgn Envelope ID.. 6C675D0A491C460A-9938EAgScF5SF2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guaranteel COUNCIL MEMBERS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Auditors resolution to re-appoint Griffin Stone Moscrop & Co, Chartered Accountsnls and Stslulory Auditors, as auditors of the Trust will be proposed al the annual general meeting. This report has been prepared having taken advantsge of the small companies exemption in the Companies Act 2006. Approved by order of the members of the board of council members and signed on their behalf by.. W. Duncan Secretary Date.. 5 September 2024 C. J. Damp Chairman Page 7 Grlffin Stone Moxrop & Co
Do¢usign Envelope10'. 6C675DO491e.46DA-gg3B-0FA9sCF5sF2c THE CONGREGATIONAL MEMORIAL HALL TRUST11978I LIMITED IA Company limited by guaranteel INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED Opinion We have audited the financial slalements of The Congregational IAemorial Hall Trust 119781 LiTlliled (the 'charilable company'l for the year ended 31 December 2023 which comprise the slalement of financial activities, the balance sheet and the reSated notes, inc5uding a summary of significant accounting policies, The financial reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Repo)rting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the fi'nancial slalements.. give a true and fair view of the stale of the charitable company's affairs as al 31 December 2023 and of its incorning resources and application of resources. including its income and expenditure for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice." and have been prepared in accordance with the requirements of the Companies Aet 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, fftsponsibilities for the audit of the financial slalemenls section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relating to golng concern In auditing the financial statements, we have concluded that the council members, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, Individual or collectively, may cast significant doubl on the charitable company's ability to continue as a going concern for a period of at least e1ve months from when the financial slalemenls are authorised for issue. Our responsibilities and the responsibilities of the council members with respect lo going concern are described in the relevant sedigns of this report. Page 8 Griffin Stone Moscrop & Co L4klkPltsIICOuNTthT54IEU5TtAED
Docuslgn Envelope ID.. 6C875DOA491C46DA-9938-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED ICONTINUEDI Other inforniation The other information comprises the information included in the annual report other than the financial statements and our auditors, report thereon. The council membèrs are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and, except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing 50, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the Course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalemellls, we are required lo determine whether this gives rise lo a material misslalement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misststement of this other infomation, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the Course of the audit.. the information given in the council members, report for the financial year for which the financial stslemenls are prepared is conslstenl with the financial statements. the council members, report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of our knowledge and understanding of the charitable company and its envirDnment obtained in the course of the audit, we have not identified material misslalements in the Council members. report. Wo have nothing to report in respect of the following matters in relation lo which Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our aud(( have not been received from branches not visited by us., or the financial slalemenls are not in agreement with the accounting records and returns,. or certain disclosures of council members. remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the council members were not entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the council members, report and from the requirement to prepare a strategic report. Responslbilities of trustees As explained more fully in the council members, responsibil((ies statement, the council members (who are also the directors of th& charitable company for the purposes of company lawl are responsible for the preparation of the fnancial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the council members delemine is necessary lo enable the preparation of financial statements that are free from material misststemenl, whether due to fraud or error. In preparing the frnancial slalements, the council members are responsible for assessing the charrt8ble companls ability lo continue a5 a going concern, disclosing, as applicable, matters related lo going concern and using the going conrn basis of accounting unless the council members either intend to liquidate the charitable company or to cease operations, or have no realistic alternative bul lo do so. Page 9 Griffin Stone Moscrop & Co lLNLD(fXI.,S&pkTthAu.1r
Docusign Envelope ID.. 6Ce75DOA491C-46DA.993OEAcFSsF2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED {A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED ICONTINUEDI Auditors, responsibilities for the audit of the flnan¢ial statements Our objectives are to obtain reasonable assurance about whether the financial stslemenls as a whole are free from material misslalement. whether due to fraud or error, and to iSSLJe an auditors. report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit ¢onducted in accordance with ISAS IUKI will always delecl a material misslalement when il exists. Misslalernenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities, including fraud, a instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of iiregularilies, including fraud. The extent lo which our procedures are capable of delecling irregularities. including fraud is detailed below.. Enquiries with management and those charged with govern8n¢e. Reviewing financial slalemenl disclosures and testing to supporting documentation lo assess ¢omplian¢e. Performing audrt work on the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness. evalu81ing the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimales for bias. Carrying out subslanlive checking lo supporting documents on a sample basis of individual transactions within the financial slalemenls. Reviewing minutes of the council's meetings. Because of the inherent limitations of an audit, there is a risk that we will not detect all irrularl11eS, including those leading lo a material misslalemenl in the financial slalemenls or non-compliance with regulalirjn. This risk increases the more th81 compliance with a law or regulation is removed from the events and transactions reflected in the financial slalem&nts, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAS IUKI, we exercise professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misslalemenl of the financial statements, whether due to fraud or error, design and perform audit procedures responsive lo those risks. and obtain audit evidence that is sufficient and appropriale lo provide a basis for our opinion. The risk of not delecling a material misstatement re5ulling from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresenlalions, or the override of internal control. Obtain an understanding of inlemal control relevant lo the audit in order lo design audit procedu$ that are appropriate in the circumstances, bul not for the purpose of expressing an opinion ol the effectiveness of the charitable company's internal control. Evaluate the appropriateness of accounting policies used and the aSonablenesS of accounting estimates and related disclosures made by the council members. Conclude on the appropriateness of the council members, use of the going concorn basis of accounting and. based on the audit evidence obtained. whelh¢r a material uncertainly exists related lo event5 OT conditions that may cast signrficanl doubl on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainly exists. we are required to draw attention in our auditors. report lo the related disclosures in the financial statements or. if such di5elosures are inadeqLJate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the dale of our auditors. report. However, future events or conditions may Cause the charitable company lo cease lo continue as a going concern. Evaluate tho overall presentation, structure and content of the financial slalemenls, illcluding the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Page 10 Griffin Stone Noscrop & Co
DocusvJn Envelope ID.. 6C675DO49lc-4SDA-g93B-OEAg6CFSsF2c THE CONGREGATIONAL MEMORIAL HALL TRUST11978} LIMITED IA company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED ICONTINUEDI We communicate with IhDse charged with governance regarding, among other matters, the planned scope and liming ol the audit and significant audit findings, including any sign1ficanl deficiencies in internal control that we identify during our 8udil. Use of our report This report is made solely lo the charilable company's members, as a body, in ac¢ordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so th81 we might slate lo the charitable company's members those matters we are required to state lo them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Robert Smlth (senior statutory audltorl for and on behalf of Grlffin Stone Moscrop & Co Chartered Accountsnls Stalulory Auditors 21-27 Lamb's Conduit Street London WC1N 3GS Dale.. Page11 Giiffin Stone Moscrop & Co (pb}Kr(WthT5&EG67ERrWuT5
Docuslgn Envelope ID. 6C675DOA.491C46DA.993B.OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlctfjd Endowment funds fund 2023 2023 Total funds 2023 Total funds 2022 Nola Income and endowments from.. Donations Investments 452 317,493 452 317,493 396 312,717 Total income and endowments 317,945 317.945 313,113 Expenditure on: Charitable activities 293,586 293,586 276,941 Total expendlturg 293.586 293,586 276,941 Net income before net gainslllossesl on investmènts Net gainslllossesl on investments 24,359 949,677 24,359 949,677 36.172 11,371,598) Net movement in funds 974,036 974,036 11,335,426) Reconclliation of funds: Total funds brought folward Nel movement in funds 9,898,111 974.036 7,721 9,905,832 974,036 11,241.258 11,335,4261 Total funds carrled foNffird 10,872,147 7.721 10,879,868 9,905,832 The slalement of financial activities includes all gains and losses recognised in the year. The notes on pages 14 to 32 form part of these financial statements. Page 12 Griffin Stone floscfop & Co
Docuslgn Envelope ID.. 6C675DOA491C48DA-993B-OE498CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED {A Company limited by guaranteel REGISTERED NUMBER.. 01389165 BALANCE SHEET AS AT 310ECEMBER 2023 2023 2022 Note Fixgd a$sots Tangible assets Heritage asse15 Investment 11 12 13 1,455 7,721 10.618,593 5,068 7,721 9.668,916 10.627,769 9.681.705 Current assets Debtors Cash al bank 14 3,981 259,931 1,364 232,243 263,912 233,607 Creditors.. amounts falling due within one year 111,8131 19,4801 Net current a$$gt$ 252,099 224,127 Total net assets 10,879,868 9,905,832 Charity funds Endowrnent fund Unrestricted funds 17 17 7,721 10,872,147 7,721 9,898,111 Total funds 10,879,868 9,905,832 The council members acknowledge their responsibilities for complying wlh the requirements of the Act wi(h respect lo accounting records and preparation of financial stalemenls. The financial st8lemenls have been prepared in accordance with the provisions applicable to enlilies subject to the small companies regime. The financial stslemenls were approved and aulhorised for issue by the council members on 05 September 2024 and signed on their behalf by.. C. J. Damp D. L. James The notes on pages 14 10 32 form part of these financial statements. Page 13 Griffin Stone Noscrop & Co
Docusign Envelope ID.. 6C675DOA491C46DA-993B-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General information The Congregational Memorial Hall Tru51 119781 Limrted is a private charitable company reoislered and incorporated in England. The Trust's registered office address is 17 Springfield Park, Alnwick, NE66 2NH. The company is a company limited by guarantee. The members of the company are the council members named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. Accounting policies 2.1 Basis of preparation of financlal statemfrnts The financial slalemenls have been prepared in 8¢cordance with applicable charity and company law and in compliance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reportino Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Cornpanies Act 2008. The Congregational Memorial Hall Trusl119781 Limited meets the definition of a public benefit enlty under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going concern The council rnember5 consider that there are no material uncertainties about the Trust's ability lo continue as a going concern. 2.3 Income All income is recognised once the company has entillemenl lo the income, il is probable that the income will be reiVed and the amount of income receivabl& can be measured reliably. The recogni(ion of income from legacies is dependent on establishing entrtlemenl, the probability of receipt and the ability to estimate with sufficient ac¢ura¢y the amount receivable. Evidence of enlitlemenl lo a legacy exists when the company has sufficient evidence that a gift has been left to them Ilhrough knowledge ol th& gxislence Df a valid will and the d&alh of the benefa¢torl and the executor is satisfied that the propety in question will not be required lo satisfy claims in the esiale. Receipt of a legacy musl be recognised when il is probable that il will be received and the fair value of the amount re1Vable, which will generally be the expected cash amount lo be distributed lo the company, can be reliably measured. Page 14 GrifFin Stone Moscrop & Co
Do¢usKJn Envelope ID.. 6C675DOA491C46DA-993&0EA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmited by guarantoel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Icontinuedl 2.4 Expenditure ExpenditLJre is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third paty, il is probable that a transfer ol economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared ¢osls, including support costs involved in undertaking each activity. Direct costs allribulable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not atlribulable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs ar& those incurred in connection with adminislralion of the company and compliance with conslilutional and slalulory requirements. Expendituro on charitable activities is incurrèd on directly undertaking the activities which further the company's objectives. as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditu when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been mel al the year end are noted as commitment, but not accrued as expendiluTe. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest rgcelvablg Interest on funds held on deposit is in¢luded when receivable and the amount can be measured reliably by the company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangible fixed asset5 and dèpreclatlon Tan9ble fixed assets are reco9nised al cost. less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual valtse over their eslimaled useful lives. Depreciation is provided on the following basis.. Fumilure and equipment 1 $0/0 reducing balance The assets, residual values. useful lives and depreciation methods are reviewed, and adjusted prospectively rf appropriate, or if there is an indication of a significant change since the last reporting dale. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount 8nd are recognised in the slalemenl ol financial aclivilies. Page15 Griffin Stone Moscrop & Co
Docusyn Enveigpe ID". 6C675DOA491C-46DA.993B.OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policie5 Icontinuedl 2.7 Heritage assets Heritage assets are stsled al cost. No depreciation is charged on heritage assets as they have an indefinite useful life and a high residual value such that any depreciation would be immaterial. 2.8 Investments Fixed asset investments are a form ol financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value at the balance sheet dale. unless the value cannot be measured reliably in which case il is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Nel gainslllossesl on inveslmenls, in the slalemenl of financial activities incorporating the income and expenditure account. 2.9 Debtors Trade and olhor debtors are recognised al the selllemenl amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.10 Cash at bank Cash at bank includes short-tem highly liquid investments with a short malurily of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation al the balance sheet date as 8 result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities ar& recognised al the amount that the company anlicipales il will pay lo settle the debt or the amount il has received as advanced paym&nls for the goods or serVIS it musl provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts. discounted al the p-taX discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost. 2.12 Financlal instruments The company only has financial as5els and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised al Iiansaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised Cost using the effective interest method. 2.13 Penslons The company conlribules to a personal pension plan for one of its employees and the pension charge represents th¢ amounts payable by the company In respect of the year. Page 16 Griffin Stone Moscrop & Co
Docusign Envelope ID." 6C675DOA.491G46DA-093B-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA Company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Icontinuedl 2.14 Fund account1119 General funds are unreslri¢led funds which are available for use al the discretion of the council members in furtherance of the general objectives of the Company and which have not been designated for other purposès. Designated funds comprise unreslricled funds that have been sel aside by the council members for particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial stalemenls. Restricted funds are funds which are lo be used in accordance with specific reslriclions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. Investment income, gains and losses are allocated to the appropriate fund. Judgements in applySng accountlng policles and key sourc9$ of estimation uncertainty Critical accounting eslimales and assumptions.. In the application of the Trust's accounting policies, the council members are required lo make judgements. estimates and a55umplion5 about the carrying amount of a55etS 8nd liabilities that a not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. Income from donations Unrestricted funds 2023 Total funds 2023 Friends of Congregational Library 452 452 Unreslricled funds 2022 Total funds 2022 Friends of Congregational Library 396 396 Page 17 Griffin Stone Moscrop & Co thRILccvrT5L0ljtpEOJDff
Dorusyn Envelope ID.. 6C675DOA491C46DA-993B-OEA*CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investment Income Unrestricted funds 2023 Total funds 2023 Investment income- local listed investments Bank and other interest Fee rebates 303.741 3,819 9.933 303,741 3,819 9,933 Total 2023 317,493 317,493 Unrestricted funds 2022 Tot81 funds 2022 Investment income- local listed investments Bank and other interest Fee rebates 301,272 1,022 10,423 301,272 1,022 10,423 Total 2022 312,717 312,717 Analysls of grants Grants to Institutions 2023 Total fund5 2023 United Reformed Church - Maintenance of ministry Congregational Federation- Church and ministerial support and ministerial training Evangelical Fellowship of Congregational Churches Church and ministerial support, training, conferences, publications and pastoral care Unaffilialed Congregational Churches Charities Trinity Congregational Church 114,960 114.960 32.845 32.845 16,425 1,645 1,000 16.425 1,645 1,000 Total 2023 166,875 166,875 Page 18 Griffin Stone Moscrop & Co
Docusigri Envelope ID". 6C675DOA491C46DA-993B-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of grants lcontinuedl Grants lo Inslilulions 2022 Total funds 2022 United Reformed Church - Maintenance of ministry Congregational Federation - Church and ministerial support and ministerial training Evangelical Fellowship of Congregational ChuheS - Church and ministerial support, training, conferences, publications and pastoral care Unaffilialed Congregational Churches Charities 108,045 108,045 30,87D 30,870 15.435 1.545 15,435 1,545 Total 2022 155,895 155,895 Analysls of expenditure on charitable activlties Summary by fund type Unrestricted fund5 2023 Total 2023 Library running costs Friends of Congregational Library United Reformed Church - Maintenance of ministry Congregational Federation Church and minislgrial support and ministerial training Evangelical Fellowship of Congregation81 Churches - Church and ministerial support, training, conferenees, publications and pastoral care Unaffilialed Congregational Churches Charities Trinity Congregational Church 125,769 942 114.960 125,769 942 114,960 32,845 32,845 16,425 1,645 1.000 16.425 1,645 1,000 Total 2023 293,586 293,586 Page 19 Griffin Stone Noscrop & Co
DO$19n Envelope ID.. 6C875DOA-491C-46DA-9938-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analys1$ of expendlturo on ¢haritable activities Icontinuedl Summary by fund type Icontinuedl Unrestricted funds 2022 Total 2022 Library running costs Friends of conggational Library United Relomed Church - Maintenance of ministry Congregational Federation Church and ministerial support and ministerial trainin9 Evangelical Fellowsip of Congregational Churches Church and ministrerial support, training, ¢onferences, publications and pastoral care Unaffiliated Congregational Churches Charrties 120,846 200 108,045 120.846 200 108,045 30,870 30,870 15,435 1,545 15,435 1,545 Total 2022 276.941 276,941 Analysls of &xpgndlture by activities Actlvitles undertaken directly 2023 Grant fundlng of activities 2023 Support costs 2023 Total funds 2023 Library running costs Friends of Congregational Library United Reformed Church - Maintenance of ministry Congregational Federation- Church and ministerial support and ministerial training Evangelical Fellowship of Congregational Churches - Church and ministerial support, training, ConfenCes, publications and pastoral care Unaffilialed Congregational Churches Charities Trinity Congregational Church 68,141 942 57.628 126,769 942 114.960 114,960 32,845 32,845 16,425 16.425 1,645 1,auo 1.645 1.000 Total 2023 69,083 166,875 57,628 293.588 Page 20 Griffin Stone Mcrop & Co
Docuslgn Envelope ID.. 6C675DOA491C48DA-993B-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of expendlture by aclivitio$ Icontinuedl Activities undertaken directly 2022 Grant funding of activities 2022 Support costs 2022 Total funds 2022 Library running costs Friends of Congregational Library United Refom)ed Church - Maintenance of ministry Congregational Federation - Church and ministerial support and ministerial training Evangelical Fellowsip of Congregational Churches- Church and ministrerial support. training, conferences, publications and pastoral care Unaffiliated Congregational Churches Charrties 87.001 200 33,845 120,846 200 108,Q45 108.045 30,870 30.870 15,435 15,435 1,545 1,545 Total 2022 87,201 155.895 33,845 276,941 Page 21 Griffin Stone Moscrop & Co
DocusvJn Envelope ID.. 6C67500A491C46DA-993&0EA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmlted by guarantee NOTES TO THE FSNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expendlture by actlvltles Icontlnu&dl Analysis of direct costs Library Friends of running Congregatlo costs nal Library 2023 2023 Total funds 2023 Total funds 2022 Staff costs Igovernancel Contributions to salaries and related costs Rent Insuran portraits and book8 Congregational Lecture expenses Depreciation and loss on disposal Computer costs Commilee expenses English Short Tille Catalogue Subscriptions Portraits and book conservation Library Operating costs Bank charges Auditors, remuneration - audit Igovern8ncel Committee expenses Igovernancel Miscellaneous Igovernancel Indemnity insurance Igovernancel Secretary and clerk's expenses Igovernancel 6,138 6,138 5,855 20,055 13,177 1542} 1,112 894 2,288 392 6.272 131 3,000 23,055 33 4,800 4,304 18 683 1,674 2,729 964 3,613 2,350 961 2,729 964 3,613 2.350 1.903 942 194 8,090 34.110 47 8,090 34,110 47 4,800 1,376 195 4,800 1,376 195 1,329 1,245 1,329 1.245 68,141 942 69.083 87,201 Analysis of support costs Library running costs 2023 Total funds 2023 Total funds 2022 Staff costs 57,628 57,628 33,845 Page 22 Griffin Stone Moscrop & Co (IWTfhtDCcLl5iPQsll9EDALIr
DotusvJn Envelope ID.. 6C675DOA491C46DA-993&0EA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED {A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Staff costs 2023 2022 Salaries and wages Social security costs Contributions lo employee's personal pension plan 55,295 4,831 3,641 35,032 2,388 2.280 63.767 39.700 The average number of persons employed by the company during the year was as follows.. 2023 No. 2022 No. 3.00 2.00 No employee received remuneration amounting lo more than £60,000 in either year. 10. Council members. remuneratlon and expgn$g$ During the year, no council members received any remuneration or other benefils12022 - £NILI. During the year ended 31 December 2023, travel and meeting expenses lotalling £1,700 were reimbursed lo 7 council members {2022 - £3,493 to 9 council membersl. Page 23 Griffin Stone Moscrop & Co {HAk'E1LCC(w1A4TSSBE¢lÈREoIW7ORS
Docu$ Erwelope ID.. 6C675DOA.491C.46DA-993B-OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Tangible fixed assets Furniture & Equipment Cost Al 1 January 2023 Disposals 25,672 7,5651 Al 31 December 2023 18.107 Depre¢lation Al 1 January 2023 Charge for the year On disposals 20,604 257 14.2091 Al 31 December 2023 16,652 Net book value At 31 December 2023 1,455 At 31 December 2022 5,068 Page 24 Griffin Stone M05crop & Co
Docuswn Envetope ID.. 6C675D49lC46OA-9g3BFAgfjCFSsF2c THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 12. H9ritage assets Assets recognised at cost Heritage asset5 At 1 January 2023 and 31 December 2023 7,721 Heritage assets comprise manuscripts, library books, chairs, portraits and a bust. During 2011 a desktop review of the value of the library collection was carried out for insLJran¢e purposes. and in November 2021 a valuation for insurance purposes was undertaken of the portraits and bust. Based on the review and valuation, the heritage assets have been valued by the council members at 31 December 2023 as follows.. Library collection £1,798,000 Portraits and bust £190,750 Until April 2022, the preservation. management, records of and access lo the library collection was undertaken by the staff of Dr. Williams's Library al 14 Gordon Squa, London, WC1H OAG. Since then the Congregational Library has taken direct control of its collections which remain in storage with limited public access. In April 2024, an agreement was reached with Westminster College, Cambridge which will see The Congregational Library relocated to and working out of, The College. The council members have no plans lo acquire or dispose of any heritage assets. Page 25 Grlffin Stone Moscrop & Co (PTER[D(cTllscjsTEEDx1lOS
Docuslgn Envelope ID. 6C675DDA491C460A-993&0EA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Fixed as$et Investment Listed investment Cost or valuation At 1 January 2023 Revaluations 9,668,916 949,677 Al 31 December 2023 10.618,593 Net book value At 31 December 2023 10,618,$93 Al 31 Decembor 2022 9,668,916 Materlal Investment The investment comprises 3,527,771.88 12022 - the same) income units in the CCLA COIF Charities Ethical Investment Fund. The historical cost of the investment is £6,313,69112022 the same). 14. Debtors 2023 2022 Due within ong year Prepayments and accrued income 3.981 1.364 Page 26 Griffin Stone Moscrop & Co
Docusign Envelope10'. 6C675DOA491C48DA-9g3B.OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED {A company limlted by guarantsg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Creditors: amounty falling due within ong year 2023 2022 Olhei laxalion and social se¢urty Other creditors Accruals 2.928 622 8,263 3,122 738 5,620 11,813 9,480 16. Financial Instruments 2023 2022 Flnancial assets Financial assets measured al fair value through income and expenditure Financial asset measured al amortised cost 10.878,$24 1,046 9,901,159 369 10,879,570 9.901,528 2023 2022 Flnancial Ilabllities Financial liabilities measured al amortised cost 8,885 6.178 Financi81 assets measured 81 fair value through income and expenditure comprise listed investments and cash at bank. The financial asset measured al amortised cost relates to other debtors. Financial liabilities measured al amortised cost comprise other creditors and accruals. Page 27 Griffir) Stone Moscrop & Co
D(Kuswn Envelope10.. 6C675DOA491C46DA-gg3&0EACF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmlted by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Ststement of funds Statement of funds - current year Balance at 31 Gainsl December (Losses) 2023 Balance at 1 January 2023 Transfers Inlout Income Expandlture Unrestrlcted funds Designated funds Friends of Congregational Library Library Fund 6,826 452 19421 52,8681 6,336 62,868 6,826 452 153.8101 52,868 6.336 General Funds 9,891,285 317,493 1239,776 152.86BI 949,677 10.865,811 Total unrastrlctgd funds 9.898.111 317,945 1293,5861 949,677 10.872,147 Endowment Fund 7,721 7,721 Total of fund$ 9,905,832 317,945 1293.5861 949,677 10,879,868 Page 28 Griffin Stone Moscrop & Co (HIRTFREDLlfYy4lM1S£RfTE4EDAu1r
Docu51gn Envelope ID. 6C675DOA491C46DA-9938.OEA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmlted by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17, Statement of funds {continuedl Statement of funds - prlor year Balance at 31 December 2022 Balance at 1 January 2022 Transfers inlout Gainsl (Lossesl Income Expenditure Unrestrlcted funds Designated funds Friends of Congregational Library Library Fund 6,630 396 12001 {69,2991 6,826 69,299 6.630 396 {69,4991 69,299 6,826 General Funds 11,226,907 312,717 1207.4421 169,2991 11,371,5981 9,891,285 Total unr9$trifjd funds 11,233,537 313.113 1276,9411 11,371,598) 9,898.111 Endowment Fund 7,721 7,721 Total of funds 11,241,258 313,113 1276,9411 11,371,598) 9,905,832 The designated Friends of Congregational Library fund represents the financial aclivtties of members supporting the work of the library and the publication of a biannual newsletter. The designated Library fund represents the net costs of maintaining and managing the library. The transfer from the general fund lo the library fund was made in order to meet the excess expenditure charged lo the library fund during the year. The general fund represents the charitable company's free reserves, after allowing for designated funds. The endowment fund is represented by heritage assets which have not generated any income. Page 29 Griffin stone Moscrop & Co
Docusign Envelope ID." 6C675D0A491C46DA.9930EA96CF5SF2c THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmlted by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Summary offunds Summary offunds- currentyear Balance at 31 Decembèr 2023 Balanc8 at 1 January 2023 Transfers inlout Gainsl (Losses Income Expenditure Designated funds General funds Endowment funds 6.826 9.891.285 452 317,493 IS3.8101 1239,7761 52.868 {52,8681 6,336 949,677 10,865,811 7,721 7.721 9,905.832 317,945 1293,5861 949,677 10,879,868 Summary of funds - prlor year Balance at 31 Gainsl December {Lossesl 2022 Balance al 1 January 2022 Transfers inloul Income Expenditurè Designated funds 6,630 11,226,907 396 312,717 169,4991 1207,4421 69,299 6,826 169,2991 11,371,598) 9,891,285 General funds Endowment funds 7,721 7,721 11,241,258 313,113 1276,9411 11,371,598) 9,905,832 Page 30 Griffin Stone N05crop8 Co £HlED¥(Arl51fEFEDkulrc
DocusvJn Envelope ID." 6C675DOk491C46DA-993&0EA98CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 19. Analysi$ of net assets between funds Analysis of net assets between funds - current year Unrestricted Endowment funds fund 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments Heritage assets Current assets Creditors due within one year 1,455 10,618,593 1.455 10.618,593 7.721 263,912 111,813) 7,721 263,912 111,8131 Total 10,872,147 7,721 10,879,868 Analysis of net assets betsveen fund$ - prlor year Unrestricted Endowment funds fund 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investments Heritage assets Current assets Creditors due within one year 5,068 9,668,916 5,068 9,668,916 7,721 233,607 {9,4801 7,721 233,607 19,4801 Total 9,898,111 7,721 9,905,832 20. Penslon commltment$ Durin9 the year, the company made payments lo defined Contribution pension schemes on behalf of one 12022 the same) employee. The pension cost charge represents contributions paid by the company to tho scheme and amounted lo £3,841 12022 - £2,2801. Contributions lotalling £622 12022 - £7381 were payable lo the fund at the balance sheet dale and are included in creditors. 21. Related party transactions The company has not ented into any related party transaction during the year. nor are there any oulslanding balan5 owing between related parties and the company al 31 December 2023. Page 31 Griffin Stone Moscrop & Co cHlFD[wIthIs&EGlsTEEDITo
DocusSgn Envelope It).. 6C675DOA-491C46DA-993&0EA96CF55F2C THE CONGREGATIONAL MEMORIAL HALL TRUST119781 LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023 22. Controlling party The council members are the ultimate controlling party of the Trust. Page 32 Griffill Stone Moscrop& Co HJRfRf[JA(CWTT%lHFGGTEDAuDlT