THE ST BARTHOLOMEW THE GREAT HERITAGE TRUST Charity number 283623 ANNUAL RfPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE ST BARTHOLOMEW THE GREAT HERITAGEI TRUST CONTENTS Page Ai)nual Report of the Trustees Independent Examinerfs Report Stateiiieiit of Financial Activities Balance Sheet Notes to the Financial Staleinent8 10
THE ST BARTHOLOMEW THEI GREI AT HERITAGII TRUST General Information TRUSTECt S The Revei'end Jciemy Has¢lock (appointed l O September 2025) The Revei'end Marcus Walker - Rector of St Bartholomew the Gi'eat Lilian Reid Tim Bi'yei's (appointed l O Septembei. 2025) The Revei'cnd Rosamond McDowell {appoinled 10 September 2025) Patrick Stuiz (appointed 10 Septembei. 2025) Harry Cowd- Chui'chwarden of St Bai'tholomew the Gi'eat Charles Spanton- Chui'chwai'den of St Barlholomew the Gi'eat David Hai'rison (appointed 10 Seplembei. 2025) Zoe Mcmillan (appoirited l O September 2025) Nicholas Riddle (resigned l O Seplembei. 2025) Roy Sully (resigned 10 September 2025) Tom Holland (i'esigned l O S¢ptembei' 2025) GiTrham Wallace (i'esigned l O Septeinbei. 2025) George Holdaway (resigned 10 September 2025) Liz Gi'een (I'esigned l O Septembei. 2025) Address SBG Pai'ish Office, Chuich House, Cloth Fair. l.ondon, EC I A 7JQ Bankers HSBC, 31 Holb01, London, ECIN 2HR CCLA Investment Management Limited, One Angel Lane, London,EC4R 3AB Independent Examiner J Tyri'ell RPG Croucli Chapman LLP, 40 Gracechurch Sti'eet, London EC3V OBT
THE ST BARTHOLOMEW THE GREAT HII IUTAGEI TRUST Sti'ucture, Governance and Management Trust's govei'ning documeiils . A L'evised constitution was adopted on 28 ' July 1998 when the name was changed froiii the Guild of Rahere. Organisation St1Ctu]e. Under the constitution the Trust shall be administei'ed and nianaged by the Council whose niembers al'e the Ti'ustees of the Ti'ust. The cui'i'ent members of the Council al'e shown on pag¢ 2, Appointment of Council Menibei's: Iii accordance witli the Constitution, there shall be at l¢ast tkn'ee and not niol'e than thii'teen Council Members wlio al'e the Ti'uslee5 of the Trust. Council Men)bers Al'e appointed by a resolution of the Couiicil. Risk management: The Ti'ustees have consideitd ihe I'isks to wliich the St Bai'lholom¢w the Gi'eat Hci'itage Trust is exposed and liave established procedui'e8 to niitigate those i'isks. Objectives and Activities The objectives of the I'rust shall be the presei'vatioii and iinprovement of the fabric of the Prioiy Chui'ch of Saint Bai'tholornew the Gi'eat and the maintenance of the chiirch, the buildings used in connection theiEwilh, the oi'naii)ents and fuj'nishings tliereof and the 5ei'vices held thei'ein. Achievemeiits and Performance The Ti'ust i'eceived a legacy of £38,743 dui'ing the yeai, whicli alloived the Ti'uslees to awai'd a gi'ant to the Pat'ochial Chuich Council of Gat St Baitholornew towards fabi'ic repaii's. Finaiicial Revieiv The financial statcnients have been pi'epared in accoi'dance with Accounting and Reportii)g by Charities: Statenient of Recommended Pi'actice applicable to cliarilies preparing theii accounts in accoi'dance with tlie Financial Reporting Standard applicable in the UK and Republic of li'eland (FRS 102) effectiv¢ fi'om I lanuai.), 2019, the Financial Repoiting Standard applicable in the Uniled Kingdom and Republic of lieland (FRS 102), the Chai'ities Act 2011 and the Financial Repoi'ting Standai'd applicable in the UK and Republic of Ireland (FRS 102) effective from l Januai'y 2019.
THE ST BARTHOLOMEI W THE GREAT HERITAGE TRUST Reserves policy The Trust docs not iequii'e specific incon)e reserves since it was established to niake 'antS and distribute income regularly. Going Coneern Policy Having assessed the Chai'ities, financial ciirumstances the trustees liave a i'easonablc expectation ihal the charity has adequate resoui'ces to continue its operations foi, the foreseeable future.
THE ST BARTHOLOMEW THE GREAT HERITAGEI TRUST Trustees, Statement of Responsibility in Relation to the Accounts The ti'ustees al'e i'esponsible for pi'eparing the Trustees, Annual Repoit and the financial slaleinents An accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo chat'ities in England and Wales requiits the trustees lo prepare financial statements foi. each financial year which give a (rue and fair view of the stat¢ of affairs of the charity and of the incoming resour¢¢s and application of resoui'ces of the chai'ity foi, that pei'iod. In pirparing ihese financial statements, the tlilstees are iyquired to: Select suitable accounting policies and ihcn apply them consistently. Observe the methods and priiiciples in Ihc Chai'ities SORP; Make judgements and estimates that air reasonable and pi'udenl. Stale whether applicable accounting standards hav¢ been followed, siibject to any malerial dcpartui'es disclosed and explained in the financial statements; and Pi'epai'¢ the financial statements oli the going conceiyi basis unless it is inappropi'iate to presume that the charity will continue in biisine5S. The tivstees are responsible foi, keeping propel, accounting records that 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 Chai'ities Act 201 l. They al'e also responsible foi. safeguarding Ihc assets of the charity and hence for taking re8sonable st¢ps foi. the pitvention and d¢t¢ction of fraud and other irregulai'ities. On behaifof the Tiustees: The Revei'end JeiEmy Haselock (Chaii'man) 31 March 2026
THE ST BARTHOLOMEI W THEI GREA T HEI RITAGE TRUST INDEPENDENT EXAMINER'S REPORT To The St Bartholomeiv the GreAt Heritage Trust l i'¢port to tlie Charity Trustees on Iny exainination of the aL'counts of tlie charity for Ihe year ended 31 Mai'ch 2025. Responslblllties and Basls of Report As the Ti'ustees of the cliarity you arc responsible foi. the preparation of the accounts iii accoi'dance with tlie requii'eiiients of the Charitics Act 2011 ('the 201 l Act'}. I iepoit in I'espect of my exainination of the chai'ity's accounts Canied oiit undei. section 145 of tl)e 201 l Act and in caii)iing out iiiy exainination I have fol lowed the applicable Directioils given by the Chaiity Cominission under section 145(5)(b) of the 2011 Act. Independent Exaininei s Stateinent Youi. attention is di'awn to the fact that the chai'ity has pi'epared the accounts in accordniice with Accounting and Repoiling by Chaiitics.. Slalein¢nt ofRecoininended Practice applicable to chai'ilies pieparing theii" accoiints in aceoi'dance with the Financial Repoi'ling Standai'd applicable in the UK aiid Republic of Ii'elaiid (FRS 102) in pitference to the Accounting and Repoitiiig by Chai'ities.. Statcincnt of Recoinniended Pi'actice issued oi) l Api'il 2005 which is referied to in the extant i'egiilations but has been 'ithdi'awn. l undeistand that Ihis lias been done in order for Ihe accouiits lo provide a ti'ue aiid fair view in accoi'dance with the Geiiei'ally Acccpted Accounling Practice effcctive foi i'epoi'ting pei'iods beginning on oi. after l Janiiary 2015. I have coiiipleted iny exaiiiiiiation. I confii'in that iio inatta's have come to niy attention iii coiinection with the exaiiiinatioii giving Ine caiise to belicve that in aiiy inatei'fftal respect: accountiiig I'ecoi'ds wei'e not kept in i'espect of the chaiity as i'equlred by section 130 of Ilie 201 l Act. OL. 2. the accounts do not accoid with those ircords. oi. the accounts do nol coinply with the applicable iequiirments concerning the foi'm and content of accoiints sel out in the Chaiities (Accounts and Reports) Regulations 2008 other tlian any i'equireinent that tlie accounts giv¢ a 'tni¢ and fail view which is not a Inattei. considered as pal't of an independent exaininatioii. I have no concenis and have coine acA'OSS no othei. Inaltei's in coniieotion witli the exainii)ation to ivhich atteiition should be di'aivn in this i'epoi't in ol'der lo enable a pi'opei. understanding of tlie accounts to be reaclied.
THE ST BARTHOLOMEI W THEI GREAT HERITAGE TRUST Tliis report is rnadc solely to the charity's Trustees, as a body, in accordance with Pait 4 of the Chai'ities (Accouiits and Reports) Regulations 2008, My work hos been iindei'taken so tliat I might state to the chai ity's Trustees those Inatters l ain requiitd to state to thein in an Independent examiner's repoit and for no othei. purpose. To the fullest extent permitted by law, I do not accept or assuine responsibllity to anyone other than the charity and tlic chai'ity's Tiustees as a body, for Kny woi'k oi. for ihis report. Signed.. Date: 17 JEREMY TYRRI,LL RPG CROUCH CHAPMAN LLP Chai'teY¢d A¢couiitaiils 40 Gi'acechui'cl) Sii'eet Londoii EC3V OBT
THE ST BARTHOLOMEW THE GREAT HERITAGE TRUST STATEMENT OF FINANCIAL ACTIVITIES Uiirestrieteil runds Restri¢teil fuiids Total fuiids 2025 Totfil funds 2024 Note liicome from Voluntary incoine 1,105 1.105 1,055 Legacy 38,743 38.743 Investinenl income 3,358 2,834 6,192 4,409 Interest on loaii to PCC 1,755 1,755 1,755 TotAI Ineoining J"esoui'ees 43,206 Expendltui'e on Cl)ai'itable activities 69,789 69,789 Governaiice cost8 60 TotAI resourees expended Net incomingl(outgoing) resources 71,849 60 Balances bL'oiight foi'ward at l Api'il 2024 Ba18nees carrled foiivArd At 31 Mhrcli 2025 158 322 144617 302 939 295 780 129 679 149 206 278 88$ 302,939 All ircogiii5ed gains and105s¢s I)Rve been incliided iii the Stateiiiei)t of Financial Activities ai)d Ili¢ aiiioviits incliided are dei'ived gntiirly fi'oiii ¢oiiliiiiiing activities.
THE ST BARTHOLOMEW THE GRCI AT HERITAGE TRUST BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2024 Current assets Debtors over one year Cash at bank and in hand 65,000 215,865 65,000 237,939 Tolal cunrnt assets 280,865 302 939 Creditors Net assets 278,885 302,939 Funds UniE811'icled fvnds Resli'ict¢d funds 129,679 149,206 158,322 144,617 278,885 302,939 The rtnancial statements on pages 8 to 14 were approved by the Trustees on 31 March 2026 and signed on Iheii. behalf by.. TheR veiend JeiEmy Haselock
THEI ST BARTHOLOMEI W THEI GREAT HERITAGE TRUST NOTES TO TE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 l. Summary of significant accounting policies R) General inforniation and basis of prepAI'ation The chai'ity constitutes a public benefit entity as defined by FRS 102. The financial statemeiits hav¢ been pi'eplll'ed in accoi'dance with Accoiinting and Repoiting by Chai'ities., Statement of Recomniended Pi'aclice applicable to charities piepai'ing Ilieir accounts in accoi'dance with the Financial Repoi'ting Slaiidai'd applicable in the UK and Republic of li'eland (FRS 102) issued on l6 July 2014, the Financial Reporting Standard applicable in the Unilcd Kingdoin and Republic of Ii'eland (FRS 102), the Chai'ities Act 201 I, Chuich Accounting Regulations 2006 and UK Geiiei'ally Accepted Piaciice as it applies fi'oin l Januai'y 2015. The financial statements have been pi'epared on a going concei'n basis undei. Ihe histoi'ical cost convention except foi. the i'ev#luation of investment assets, wliich are shown at mai'ket value. The financial staten)enls are pjtpaied in slei'ling and i'ounded to ihe neaitst £. The significant accounting policies applied in the pi'epai'alion of these financial stateinents ait set out below. These policies have been con8lStently applied to all yeai's presented unless oihei'wise stated. b) Funds UnrestLlCted funds ale donations and othei. incoiiiing resoui'ces i'eceived or generated for the objects of the chai'ity. Rcsti'icted funds aye subject to specific conditions by donors as to Iiow they Inay be used, as detailed in Note 4 to the financial stateinet)Is. c) Income recognition Plai]ned giving receivable under Gift Aid is i'ecognised only wheii received and the related Ancoiiie tax recoiierable is accrued. Legacy income is recognised when the Ti'ustees becomcs 8wai'e that probatc has been gi'anted, thei'¢ are sufficient assets in the estate to pa}T the legacy and Ihat any conditions attached to the legacy al'e eithei. in the control of the Tiuslees or have ali'cady beeli met. On occasion legacies will be notified ivliere it is not possible lo iiieasuir the aniount expected to be dists'ibuted with sufficient i'eliability. On these occasions, the legacy is tieated as a coiitingent asset and disclosed. Interest entitleinents are accounted for as they accrue. 10
THE ST BARTHOLOMEW THI GREI AT HEI RITAGI TRUST d) Expenditui'e i'ecognilion Expeiiditure is recognis¢d in tlie peiiod in wliich it is paid, Grants payable are i'ecogiiized in the accounts when paid and there al'e no conditions to be inet ielating to the grant iyhich reinains in the conlrol of the charity. The Trust has not made any gyants with pei'forinance coiiditions. Thei'c are no siipport costs and no paid einployees. e) Assets The Ti'ust does not have any iai)gible assets, nor any stock Iiiai'ket investinents. O Taxatio Th¢ chai'ity Ineets thc defiiiilion ot. a chai'ity for UK lax purposes and is therefore not 8uhject to tax on its income providing it is applied for cliarilable purposes. g) Ci'itical Aceountfiiig e$tiJllAtes aiiil Ai'eAs of Judgement Estiinates and .judgiiients al'e continually evaliiated and are based on historical expei'ience and other factors. including expectations of tutiii'e events tliat al'e believed to be reasonable under the cii'cuinstaiices. The Chai'ily Inakes estiiiiates and assuinptions concei'ning the futui'e. The resulting accountiiig e8tiniates and assiiinptiojis will, by defiiiition, seldojii equal the i'elated actiial i'esulis. However, the ti'ustees ale of the opiiiion that there air iio estijnates and assuillptions that have a significant I'isk of causiiig a Iiialerial adjustinent lo the carrying amounts of assets and liabilities within the next financial year. h) Going Concern The Trustees considei. Ihat tlicL'e aiE no material unceitainties about the ability to continue as a going concern. 2. Investment income 2025 2025 2025 2024 2024 2024 UJire$ti'lcled Resti'icled TotAI Unr¢5tvlcted Restrlete(I To(&1 Bank Intei'e81 3,358 2,834 6,19? 3,014 1,395 4,409 3.358 2.834 6,192 3.014 1.395 4,409
THE ST BARTHOLOMEW THE GRCI AT HERITAGEI TRUST 3. Resoui'ces expended on cliaritAble activitlles 202S 2025 2025 2024 2024 2024 Uiireslrlcled Re$li'leted Totfil Uiiresti'lcted Reslrieled Tolhl Grants payable.. Fftbri¢ Yolaled repairs 69.789 69,789 69.789 69,789 The independent exaiiiiner was paid £1,980 (2024 :Nil) foi, seivices pi'ovided witliiii tl)e yeai., 4. Debtors Tli¢ intere51-beai.ing loan of £65.000 iiiade to 11)e St Barlliolomew tl)e GIEat Parochial Chwrli Couiicil was ¢xtended iii 2014 at an iiitci'est late ot"2.7Q/o pei. antiuni. 5. Creditors 2025 2024 Accrued exp¢i)5es 1.980 6. Restricted Funds The Restiicted Fuiid coinprise8 the Choii, Endowiiieiit Fund which exists to accumulate fiinds foi. Ihe benefit of tl)¢ clioii- of St Baitlioloniew tli¢ GIEal and lo niaintain and suppoit tlie Chiircli's s11.oiig tiadition of choial inusic witliii) its services. Movement in Fiinds 2025 Balance BnlAiiee Fuiid 1.4.24 RevnluAtS0 In¢om¢ Expendltui'e TvAMsf¢rs 31,3.25 Choir Endo}vinlI Fuiid 144,617 1411,617 4.589 4.589 149,206 149206 12
THEI ST BARTHOLOMEI W THE GREAT HERITAGE TRUST 7. Analysis of net assets behveen funds As at 31 Mai'ch 2025 Unrestricted funds Restrlcted funds TotAI fiinds Debtors Cash Citditoi's 65,000 84,206 65,000 215,865 (1,980) 131,659 (1,980) 129,679 149,206 278,885 AnAtysis of net Assets betweeii funds As at 31 MRI'ch 2024 Unrestricted funds Restrleted funds TotAI Tunils Deblors Cash Ci'editOA'S 65,000 79,617 65,000 237,939 158,322 158,322 144,617 302,939 8. Financial instruments 2025 2024 Fiiiancial asscts measiii'ed at fail, value 11)Kough tl)e Staletiient of Financial Activiti¢s 65,000 65.000 Fiiiancial assets iiieasiii'ed at fail. value thiDugl) tlie Statenient of FinaiicAal Activities IPPlEseiit cun'eiit assets. 13
THE ST BARTHOLOMEW THE GREI AT HERITAGE TRUST 9. RelAted Party Ti'ansactions Tli¢ Rectoi. aiid Cliurchwardens of St Baiilioloin¢w tlie Great are i'elated paities in Itspect of the gi'ants niade to St Baitholoiiiew ihe Great diiriiig tlie yeai.. Tliei'e is a loan balance of £65,000 owing froin Tlie Parochial Chuirh Couiicil of the Ecclesiastical Parish of Gi'eat St Bai'tlioloinew as at 31 MaiElI 2025 (2024., £65.000) Tlie trustees wcre not Paid or i'eceived any otlier benefits froiii the cliai'ity in tlie yeai. (2024:£Jiil) neitlier wei'e they reiiiibui'sed any expeiises dui'ii)g tl)e ye. (2024.. £nil) 14