The Ipsivich Historic Churches Trust Ltd Company Number 1457990 Reglstered Ch%irity Number 278924 A Company Limited by Guarantee Report and Financial Statements for the year ended 31 December 2024 The Ipswich Historic Churches Trnst Ltd Contents Reference and Admlnlstrative Inforniation Trustee's report Independent examiner's report Statement of financial aotivittes Baiao¢e 5kneet io Plotss to the financial statements 12 The Ipswich Historic Churches Trust Ltd Reference And Administr2tfve Infonnation Charity Iyame The Ipswich Historic Cburche5 Trust Ltd Charlty Registration Number 278924 Company Registratlon Number 1457990 Registered Office Sarn¢eDs House Business Celltre 2) St Margarets Green Ipswich IP4 2BN Trustees Mr P J Brooks Mr J S Field Mr R W Allen Mrs G F Broom Mr M A Evans Mr R J Kindred Appointed By Members Membffl3 Members Borough M¢mbers Borough Vice Cbair Appointed 10 June 2025 Mr C J Kreidewolf Mrs I E Liyckington Miss L J Mortimer Borough Borough Appointed 24 July 2024 Borough Resigned 10 June 2025 MrR WPope MrAR&e MTS K J Salter Mr M J S])arman MrPHLSmart Mr D J Vincent Borough Members Membe Bon)ugh Resigned 24 July 2024 Borough Members Bankers Co-operative Bank PLC PO Box 250 Skelmersdaie WN8 6WT Solieitor$ Birketts LLP 141- 145 l¥incess Street Ipswich Tpi IQJ The Ipswich Historic Churches Trust Ltd Trustees report and review The Trustees (wbo are also directo￿ of the clwity for th¢ purposes of the Cotnpanies Act) present their annual report together with the fmancial statements of The Ipswicb Historic Churches T￿￿t Limited (the company) for the yearended 31 December2024. The Trustees confirnj that the Annual Report and financial statements of the company comply with the cunEnt statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice {SORP). applicable to charities preparing their accounts in accordance with the Financial Reporting StandaTd applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not r¢quir¢d. Structhre, Governance and management The T￿￿t W&8 incorporated as a private limited company limited by Guarantee in 1979 and is regulated by the memorandum and articles of aS￿>CIatIon. Trustees are appointed by Ipswich Borough Council or by m¢n]bers at an Annual G¢ncral M¢cting. Up to twelve Trnstees may be appointed by Ipswich Borough Council and six by members of the Trnst. Appointment &s a Trustee is for tbree years but the appointed can be renewe(L It is anticipated that further discussion on this will be required durlng 2025 &s future structure of Local Government is imminent. The Tn￿t h&$ a manag¢ment board to which all Tn￿teeS are automatically appointed. All major decisions are mad¢ by the management boaTd. There are also several sub committees dealing with specific issues. Trustees are appointed to the sub committees as required. The sub con]mitt¢es can appoint ¢xt¢rnal advisers to help with their work. All Trust¢¢s are unpaid and there are no employees. We welcome Lynne Mortimer to the Board this year. who replaced Phil Smart as tBC app)intee. We thank Phil for his years of Trusteeship and supporL Aims & Objective& Pobli¢ Benefit The primary objective of the trust is the preservation and maintenance. for the public ben¢fii of redundant churches of all denominations in the Borough of Ipswich which are of historic or archxte¢tural value. Cutrently, the Trust holds long leases on four redundant churches in Ipswich grdllted by Ipswich Borough Council. the freeholder. The Trust also holds a watching brief for other redundant churches in the town. The four churches are St Peter, St Clement, St Lawrence and St Stephen. The TTUSt aitn is to seek alternative uses of the churches having regard to the legal and other eongtraints i[n￿sed by: The Ipswich Historic Churches Trust Ltd the tern￿ of the Trust's own lease planning and listed building controls grant conditions restrictions imposed on the transfer of the churches to the Borough by the Church Commissioners the condition of the buildings. The Trust tries to match available funds with grants to undertake works of structural and external repair. Historically, regular grants arc made by Ipswich Borough Council. Grants for specific projects are provided from our Sources. The Tn]st applies any income generated from the churches in llorn￿l maintenance and inbuilding reservcs for ￿tUre works. Sources of income The Trust has about 80 m¢tnbcrs who pay an annual subscription or a life m¢mbeTship. At the date of this report the subscription rates are £10 for annual membership and £lOO for life m¢mbcrship. Ipswich Borough Council pays amounts to pay for some of th¢ general maintenance of the churches. and has this year committed to fund repair works identified in the 2020 quinquennial rcports on a rolIing progrdmme. The Trust also receives b¢quests or donations for specific repairs or activities. Other small amounts of incorne come from the sale of inforniation leaflets and donations for using the bells in the chU￿heS. In addition, the Trust ts able to seek charitable donations from outside ChaTities who have fimds to assist with our wod(. St Clément's Church In the year 2024. Ipswich Arts Society's 150 Amiual ExhibitiOD filled the space. a wonderful event lots more people in th¢ church ￿lfilling our commitment to wider access. Then in July Camra with Briarbank Brewery stsged the 36 Annual Ipswich Beer Festival, which was again a rip-maring success and over 2(KKI people came to the church over 5 days. Woodbridge Arts had an exhilTrition in August and there were Saturday sales by Vintage vw small Concerts and talks plus w¢ were open for Heritage Open Day. The Bell ringing continucd with some Minor inteTruptions. M¢w lighting was install¢d in the Nave aDd up￿ath'Dg el¢ctrAcs continu&8. 2025 will bring another phase of works once the reserves have been replenished. We are evaluating the future uses of th¢ church based on th¢ experiences of th¢ earlier letting to firmly establish the best route forwanl for new works and estsbltsh a priority list of works for the fortheoming years. The Ipswich Historic Churches Trust Ltd St Lawrence Churcb Last year it w&% reported. -Little has changed since we rq￿rted last yw until the Quinquennial IDspeclion in December revealed a bulge in the flint cladding on the south side of the tower. Once identified IBC Building Control were advised and scaffolding erected almost immediately to protect the public from any risk of falling stonework. Works will commence in April aft¢r th¢ winter frosts to repair the fiinL This is part of the quinquennial work and will impact the order in which tBC carry out their agreed fimding of the works." During 2024 IBC appointed Architec￿ Quantity Surveyors and Contractors. and reviewed and destgned the PTQjC¢t. but the frost-free window to complete the lime work was lost so the works will commence in 2025. The Trust h&$ leased the church to Realise Futures Community Jnterest Company. The annual lease paymeut is £ 11,240. The Tn￿t also rents out various parts of the churchyard and former boiler house to a neighbouring coffee shop and othaE for an annual rent of £776 during the summer months. There remains considerdble concern that the ¢hurchyard is being used by gangs for drug d¢aling and g¢n¢ral rowdiness, the Tn￿tees. Building Sub Comtnittee are part of the co- orth'nated Borough, County and Police actions to seek a peaceful end to this bebaviour. This year some of the denser planting ar¢as hav¢ been remov¢d and furthcr works to thc trccs ar¢ planned. St Peter's Chur¢h It has been a quiet year in St Peter's at the Waterfront and as last year the Trust has leased the church to the Ipswich Hospital Band Ltd. Thcy opcrdtc as the centre for the Hospital Band and a venue for fund raising activities for the local hospital. The rent was last increased fro £3,500 p.a. to £3964 p.& During the year no major Works to th¢ church hav¢ be¢n carried out but the Trust ha5 successfully lobbied the Borough Council to carry out rwir and maintenance to the churchyard and boundary walls. St Stephen's Chureh The Borough h&$ worked hard on St Stepbens this year 2nd it is now open regularly as a music and perforn]ance centr¢. The Tn￿t wishes the Borough well with this venture and coiigratulates them on the works, and we are delighted that bere too more people are seeing inside one of our glorious medicval churche The Ipswich Historic Churches Trust Ltd Quinquennial Inspections The Trust has sought funding to ¢atry out the works set out in the Quinquennial reFrf)rts and is delighted with the Borough's reswnse. TendeTS for the profe&sional works were sought in 2023 and Nicolas Jacob knbitects were appointed. Rqx)rts arc now in and set out a long road of works to care for our tnedievaI structures. We will need to continue to raise funds into the future and the Board is committ¢d to the tssL Repo The Ipswich Historic Churches Trust Ltd Independent Examiner's Report I report on th¢ accounts ofThe Ipswich Historic Churches T￿￿t Ltd for the eDded 31 D￿Crnb 2024 whtch are set out on page5 9 to 21. Respective responsibiliti￿ of trustees and examiner The Charity's Trustees are restM)nsible for the ptep8ration of the accounts. The Charity's Tnsstees ton$ider that an audit is not rquired for this year (under 144 (2} of the Chatities Act 2011 (The A¢t) bui that an independent examination is neede It is tny responsibility to= - ExLTDine the accounts under section 145 of the Cbarities ACL - To follow the pro¢eduTes laid dowll in the General DIT￿tionS given by the Charity Commissioners (under section 145(5)(b) of the Charities ACL aDd - To state whether particular matters have come to my attention. B*$5s of independent examiner's Statement My examination wa5 carried out in a¢cordan¢e with the General Directions givffl by the Charitv Commission¢r5. An eXa￿l￿atiOn includes a review of the accouniing records kept by th¢ Charity and a comparison of the accouthts presented with th(w records. It also includes ¢oMsiderdtions of any unusual items or disclosllres in the ac¢ounts. and seeking explanations from you as truste&% concerning any such matters. The procedur&% undertakell do noi provide all the evidence that would be required an audit and consequently I do not express an audit opinion on the view given bv the accoullts. fndependent examiner's ststemellt tn the course of my examinatioo Do material matEers bave come to llky attentioll which gives me cause to believe that any matrtial respect: - the accounting r￿rdS were not kept in accordance with ￿lon 130 of the Charities Act. or - the accounts did not accord with the accow)ting records" or - the accounts did Dot comply with the applicable requirements concernillg Ébe forni and cont¢nt of the accounts set out in the Chariti¢s (A¢¢owits and Rew)ns) Regulations 2008 otb¢r than any requirement that the accounts give a 'truc and faiv vÈew which is not a matter considered as part of independeni examinatiotL I have come across no otber matters in connection with the examination to which attentioll should be drawn iTh this report in order io enable a proper uDderstanding of the accounts to be ieache(L David CoLtttier FMAAT AATQB f¢x and on behalf of. Collllllunity360 Winsley's House, High Str¢eL Colchesler Essex. Dafr l* July 2025 The Ipswich Historic Churches Trust Ltd STATEMENf OF FINANCLIL AcfiviTIES Unrcstricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Donations and legacies 13.792 11.921 25.713 93,264 Charitable activities 25.036 25.036 47,966 Income from investments 359 359 311 Total 141.541 Resources expended Charitabl¢ activities 4 (25,355) (25,355) (174.473) Governan¢¢ costs (4237) (4.237) (3.451) Total 29,592 177,924 Net tncomel(expellditure) befo transfer between funds 9595 11.921 21,516 (36,383) Trdnsfer between 11.921 Net movement of funds 21.516 36,383 ReconciIiation of funds Funds brought forward Nct movement in funds from above 3.010 4.727 7.737 44.120 21,516 21,516 (36.383) Funds