Charity number: 265365
ST PETER MANCROFT MISSION HALL TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ST PETER MANCROFT MISSION HALL TRUST
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 10 |
ST PETER MANCROFT MISSION HALL TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025
Holding Trustees Geoffrey Loades Paul R King Colin I Pordham Trustees Helena Frances Carr (to 8 May 2025) Ann Rachel Hobson (from 8 May 2025) Rev Edward John Carter James Hughes Charity registered number 265365 Principal office Church Office The Chantry Norwich NR2 1QZ Accountants Larking Gowen LLP Chartered Accountants 1st Floor Prospect House Rouen road Norwich NR1 1RE Solicitors Howes Percival Flint Buildings 1 Bedding Lane Norwich NR3 1RG
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ST PETER MANCROFT MISSION HALL TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their annual report together with the financial statements of the charity for the 1 January 2025 to 31 December 2025.
Objectives and activities
a. Charitable objectives
The Indenture states that the land and buildings are under the control of the Vicar and Church Wardens of the parish of St Peter Mancroft in Norwich and should be used for:
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a. The celebration of divine service.
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b. As a classroom, meeting room or lecture room.
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c As a place of meeting for clerical meetings or social conferences of the clergy.
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d. Any other meetings to cover the need of the congregation which the Vicar and Church Wardens think are desirable.
b. Public benefit
The Trustees confirm that in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.
Achievements and performance
a. Review of Transaction and Activities
During the year, the Trust received rents, licence and hiring fees amounting to £54,397 (2024: £55,920). Grants were made to the Church of St Peter Mancroft amounting to £36,000 (2024: £36,000). The overall result for the year is £15,217 (2024: £11,430).
Financial review
a. Reserves policy
Unrestricted funds at 31 December 2025 amounted to £805,431, including £761,000 of the freehold property and £44,431 of net current assets, which amounted to the charity's free reserves as at 31 December 2025.
The trustees have not set a reserves target but regularly monitor the level of funds. In doing so they take into account annual operational expenditure of £3,180 (2024: £8,490) and that the level of free reserves exceeds that. Beyond administrative costs, any other expenditure is at the trustees' discretion.
Estimates have been received for maintenance work required for Chantry Hall which average £36,000 per year for the next 5 years. The trustees are confident that in the foreseeable future the charity will be able to fund its costs from future income. The trustees will exercise their discretion to prioritise work to be completed, factoring in the level of reserves.
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ST PETER MANCROFT MISSION HALL TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Structure, governance and management
a. Constitution
The Mission Hall Trust was constituted by a Deed of Trust ('The Indenture') on 14 February 1899, and is a registered charity, No. 265365. For reasons of administrative convenience, accounts are drawn up to 31 December annually.
b. Methods of appointment or election of Trustees
The Indenture states that the land and buildings are under the sole control of the Vicar and Church Wardens.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Rev Edward John Carter Chair of Trustees Date:
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ST PETER MANCROFT MISSION HALL TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Independent examiner's report to the Trustees of St Peter Mancroft Mission Hall Trust ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2025.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts 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 accounts to be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 an Independent examiner's 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 or for this report.
Signed: Dated: 7 August 2026 Giles Kerkham FCA DChA Larking Gowen LLP Chartered Accountants Norwich, NR1 1 RE
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ST PETER MANCROFT MISSION HALL TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Note Income from: Property 2 Total income Expenditure on: Charitable activities: Grants Independent examiner's fees Bank charges Property maintenance Professional fees . Other charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 54,397 54,397 36,000 1,380 60 - 1,740 - 39,180 15,217 790,214 15,217 805,431 |
Total funds 2025 £ 54,397 54,397 36,000 1,380 60 - 1,740 - 39,180 15,217 790,214 15,217 805,431 |
Total funds 2024 £ 55,920 55,920 36,000 1,332 60 7,100 - (2) 44,490 11,430 778,784 11,430 790,214 |
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 10 form part of these financial statements.
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ST PETER MANCROFT MISSION HALL TRUST
BALANCE SHEET AS AT 31 DECEMBER 2025
| Note Fixed assets Tangible assets 6 Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 7 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds Total funds |
45,811 45,811 (1,380) |
2025 £ 761,000 761,000 44,431 805,431 805,431 805,431 805,431 |
33,546 33,546 (4,332) |
2024 £ 761,000 |
|---|---|---|---|---|
| 761,000 29,214 |
||||
| 790,214 | ||||
| 790,214 | ||||
| 790,214 | ||||
| 790,214 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Rev Edward John Carter Chair of Trustees Date:
The notes on pages 7 to 10 form part of these financial statements.
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ST PETER MANCROFT MISSION HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
St Peter Mancroft Mission Hall Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of 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 total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity'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 expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
1.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
No depreciation have has been charged, reflecting the trustees' assessment that in the unlikely event of a disposal,proceeds would exceed the accounts carrying value.
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ST PETER MANCROFT MISSION HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. Accounting policies (continued)
1.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
2. Investment income
| Unrestricted funds 2025 £ Rents, Licence and hiring fees 54,281 Interest income 116 54,397 |
Total funds 2025 £ 54,281 116 54,397 |
Total funds 2024 £ 55,834 86 |
|---|---|---|
| 55,920 |
All investment income was unrestricted in 2025.
3. Analysis of grants
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| St Peter Mancroft PCC | 36,000 | 36,000 | 36,000 |
4. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,380 ( 2024 - £1,332 ).
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ST PETER MANCROFT MISSION HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 December 2025, no Trustee expenses have been incurred (2024 - £NIL) .
6. Tangible fixed assets
| Cost or valuation At 1 January 2025 At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 |
Freehold property £ 761,000 |
|---|---|
| 761,000 | |
| 761,000 | |
| 761,000 |
As the Trustees frequently vary, particularly the Churchwardens, the freehold property is vested in a set of Holding Trustees, to provide continuity. They are listed on page 1.
The freehold property is used partly towards the charity’s objectives (functional property) and partly to generate external income (investment property). In the view of the Trustees, the fair value of the investment property element cannot be measured reliably without undue cost or effort and therefore the entire property is accounted for as a functional property within Tangible Fixed Assets.
The property is carried at a deemed cost being its carrying value in the accounts at the FRS 102 transition date of 1/1/2015. That carrying value reflected an open market valuation effective at that date. No depreciation has been charged, reflecting the trustees' assessment that in the unlikely event of a disposal, proceeds would exceed the accounts carrying value.
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ST PETER MANCROFT MISSION HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. Creditors: Amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,380 | 4,332 |
8. Related party transactions
There were no transactions with related parties other than grant payments to St Peter Mancroft PCC (Note 3)
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