REGISTERED COMPANY liUMBER: 01879857 (Englxnd Wales) REGISTERED CHARITY NUMBER: 291468 REPORT OF THE TRusfEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR HACKNEY HI0]Uc BUILDINGS TRUST (THE) (A COMPANY LIMITED BY GUARANfEL) Pre0$ & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford E$5ex IG2 6HY
HACKNEY HISTOIUC BUiLDINGS TRUST (fHE) coENTs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 P•ge Report of the Tr•steeJ I to 4 IDdeptDdeDt ExanblD¢rls Report S¢#t¢ment of Finan¢lAI A¢¢lvlti¢• Statement of FSn•n¢ial Posltlo 7 to 8 Notu to the Financil S¢•temeDts 9 to 14 Dttlled St•l¢m¢nt of FlnaD¢knl A¢¢ivltl 15 10 16
HACKNEY HISTORIC BUItJ)IY4GS TRUST ITHE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Th¢ trustees who are also dir¢¢lors of the charity for th¢ puryx)ses of the Componi¢5 Act 2006. present th¢ir report wilh the financial statements of the ¢harity for the year ended 31 March 2025. The tru¢¢$ have adopted ihe Provisio of Accounting and R¢porting by Charitie5: Statement of Recommended Pr&cti¢¢ applicable to charities preparing their ¥¢ounis in accordance with the Financial Rew>rling Sthndard applicable in the UK and R¢public of Ireland (FRS 102} {¢ffective l January 2019). OKJECTIVES AND AcrIvrriEs Objectives and *ims To preserve for thc benefit of the inhabitants of the London Borough of Hackney and the nation al large whatever of ihe histoii¢al, architecrural and constructional heritage may exist in and around the Borough in the form of buildings of particular b¢4uty OT historical inter¢sl Publle benelh The Trustees confirn) that they have complied with the dury in section 4 of the Charities A¢1 2006 to have duc regard io publtc benefit 8uidanc¢ published by the Commission in da¢nninin8 the athivities und¢rtaken by the charity. FINANCIAL REVIEW Financial posltloD The board of Truste¢s is pleased with the resulis of the ch8Tity during the year, enablin8 it to continue to man&ge two SI)IfiCant listed buildings, the Grade 11 listed Round Chapel and the Grade I Si AugU1ne,B Tower. Wc have seen a broad range of activiti¢s lake ple at the Round Chapel hosting food and drink festivals, civil marria8es and wedding celebrations. film shoot4 markets and concerts covering a wide range of music geiires. The Round Chapel has remained accessible to the local community throu8h its work wilh school4 community groups and charities and by holdin8 gUI community dances. The charity has continued to develop activili¢s * St Augustine's Tow¢r, which it manages and maintains vi& a lease from the owners, Haekney Council. This includes open days, school visits. recitals, tslks and Santa's grotto. Th¢ ¢harity Continues to make input from time to time into planning v)nsuliations, particularly wherc Ihese involve the setting of the charity's herita8e assets. The TThstees and staff of the charity are 41¢ful io the generosity of individuals and organi8ations who support the Trust. The TrLLStees acknowledge the contriburion of thc many volunteers who assist the Trust particularly in ¢arrying duties vital to the regular rnonthly opening of St Augustine's Tower. Ruerv¢A poII¢y That the Trust thail T¢gularly review its reservu policy and in any ce quarterly with the production of managemenl accounts COrnPTising Incom¢ and Expenditure Account and Balance Sheet. The reserves policy h&s be¢n developed to CO with two enariO5. l. WTh¢re the hire income geneTat¢d ot the Round Chapel should drastically diminjsh for whateveT reason and 2. That sev¢re damage io the Round Chapel rendered the building unavailable and emergency repairs were needed. In both c&ses th¢ trusiees have detern)ined thai over and above the current liabilTties of the Trust {th¢ reditors) the organisation must relain £25,000 in reserye to allow for Ihe winding4own andlor mothballing of all or most of the Trust's operntion5 - and 3D addition £25.000 in Tesetve to pay for any emergency r¢pair5. Page I
HACKNEY HISTORIC BUILDINGS TRUST (THE) REPORT OF THE TRuEEs FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Fund8 in Surplms The TrSteeS consider the charity remains in a strong position to continue its activitie5 during the coming year and tho1 the charity a5sels are adequale to fulfil ils obligation5. The B08rd of Trusttts is Satisfied that the charity's assets in ¢a¢h fund are available ATNI adequate to fulfil its obligatio$ in res1 of eh fund. Total income received in th¢ year aMOud to £196.868 {2024: £222.585) indicating a decrea of £25.717 over the previous year 8JMI Tesour¢¢$ expeThled were £216.513 (2024: £209.058), indicating an in¢rease of £7.455 from previous y¢ar. Funds ¢onied forward as at year ¢nikd 3 1st March 2025 wL8 £290.961 (2024: £310,606) all of which are unrestri¢t¢d FuRE PLANS The board of trustees will ¢oniinu¢ lo re-invest funds in the mainienance and r¢storation of the Round Chapel. The I'rusl is developing an asset management plan to ensur¢ th cssential repairs and maint¢nan¢e projects are Carried out in a timely manner. Large restoration projects will require & big investment and the Trust is ¢ommirt¢d to proteclin8 and restoring its property and will strive to gener¢ sutTicienl Tes¢rv¢s through hire income and fundrai$in& The chariiy has ¢onlinued to explore opponunities for external funding for works at St Augustine's Tower, to update ¢xhibilions and carry out remedial works. Page 2
HACKY4EY HISTORIC BUILDINGS TRUST CfHE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRucfiJRE, COVERNANCE AND MANAGEMEIYT Strneture, Govern•ce and Mantemellt Ha¢kney Histori¢ Buildin Tn1 is a regISred CTr1ty and wivate company ijK0ryed on 22nd January 1985 and limited by guarantee. It h&8 no share w)ital and is perniitted to omit the word limited from its tttle. The governing dUMent is ihe Limited Company Memorandum thnd Articles of Association. A mana£¢ment commillee governs the work of the ¢harity as the de¢ision4naking body, according to its governing document. The ¢ommittee mttts regularly. The senior management team reiMxI 10 the commiitee. The Trustees are r¢gularly trained on their own mle within the chaTity, including induction. and are kept fvlly up to date by the managers on importam issues. With the forthcoming retirement of three long serving trtteS the board is delighted io have attTacted an impressive group of new trustees to ensure the continuity of the operations ai the buildings in our care and steer the Trust io a prnspero future. Round Cbpel The Tr$1 the freehold of a major HlIage A&8et kno1 as The Round Chapel on Lower Clapton Road, which is a Grade Tl listed buildin& togetheT with an adjoining Cottage. The day lo day rurffting costs of the building are funded by the hire of the building and its facililie5 to local r¢sid¢nts. community WUPS and private companieindIvIdualS for both publi¢ and private events. The Cottage is I out to generat¢ income. The buildings have a book value of £63245 (which is carried in the accounts). The TnL4t¢es consider ihe actual value of the buildin& includin8 the attached dwelling whi¢h brings in a reniat incom¢ stream, to be substaniially in excess of the acqutsilion cosi. However, in ¢urTent market conditions and bearing in mind the listed statLLS of the propeTty, th¢ Tnte¢S believe li would not be prudenl to include 4 revaiu81ion in the aOUnts and have Owed to include this disclosure in the T¢¢$, Rel rather than create a revaluation reserve that has neither certainty nor purpose. St Auiuitlne'• T4)wer The Trust cares for St Au8USline's Tower which it le&8es from HkneY Council al a rent of £1 00 per amium and the lease runs for 8 period of 25 years from 3rd December 2004. Following & refiwbishmenl proje¢t funded by the H¢rilage Lottery Fund and completed in 2(K16 the building is regularly open to the public. li is also used for educational visits. exhibitions and both public And private events. Contrlbutkon of Volllllte¢r8 The charity has dr&wn upon the pool of volunieers without whom the level of work that il }dert$ would be significantly reduced. The charity uses volurfeers whenever necessary and appropriale for specific la5k5 and proje¢ts. Rljk man*iemen¢ The trustees have examined the business and 0tional risks the charity faces and nfim] that Syste have been ¢stablished to le55en these risks. REFERENCE AND ADMINisfRATIVE DETAILS R¢gistered Compny oumber 01879857 (England and Wales) Regtstered Charity Mumber 291468 Registered offjce I d Gl¢nann Road London E5 OLY Page 3
HACKNEY HtSTORIC BUILDINGS TRUST crHE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 - Laurence Patrick Haffjmill . Derrick Turn¢T - Robert Davi&8 - Susan Patricia B¢eby . Jallct A ChaproaD . AppoiDthd 27th FebnJAry 25 . Ad8m Joseph Dytt- AppoiDted 27th February 25 - Cath¢Tine Pbillippa Smith - Appo3ntrJ 22nd July 25 - Crispin ma]1 TTun)aD OBE- Apw)inted 22Dd July25 - Niclwlas W8lker- AppoilltrA 22Th1 July 25 Chlef Exeeutlve Offleer - Pbilip David Lloyd (Company Seuthary) Independefjt Examlner A. Patel BA(Hon5). BFP. FCA Preytons & Jacksons Part[81p Ll J64- 368 Crallbrk Road Ilford 102 6HY Approvcd by onkr of th¢ b( of tzusteu oA_....... . .. and siyd ots it8 bebalf by.. Truste¢ IT)itrockn.; L. P. Hommill Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HACKNEY lllSTORIC BUILDINGS TRUST cfHE) IwdepemdtJ¢ eiaminer's report to the tnsteu of H*¢kney Hl$tork Bulldkny Trust (THE) ('the Comp¥Dy') I report to the charity trustees on my exgmination of the accounts of the Company for the year ended 31 March 2025. Re8pon8lbllitks and bxJA4 of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you 8re responsible for the preparation of the accounts in accordance with th¢ r¢quir¢m¢nts of the Compani¢5 Act 2006 ('the 2006 A¢1). Having satisfied myself ihat the accounts of the Company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's aount$ as carried under Se¢tion 145 of ihe Charilies Act 2011 (kne 2011 Act,). In canying oul my examination I have followed the Directio given by the Charity Commission undel Section 145(5) (b) of the 201 l Act. IDdependellt eumlller'j ststemellt I have completed my examin10n. I confirni that no matters hvc come to my anention in conneclion with the examination giving me cause to believe.. a¢¢ounling records were not kept in reyct of th¢ Company as required by Section 386 of the 2006 the account5 do not aceord with those records; or th¢ ac¢ounls do not comply wilh the ac¢ouniin8 requirements of Seclion 396 of the 2006 Acl oiheT than any requirement thai the accounts give a truc and fair view which 1$ nol a maller considered as part of an independent examination: or the accounls have noi been prepared in accordance with th¢ m¢thods and prin¢iples of the St&temenl of Recommended Practice for accouniing and rew)ning by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)). I have no eoncerns and have come across JM) other mallers in conne¢lion with the examination lo which attention should bc drawn in ihis report in onler to enable a proper understandin8 of the accounts to be reached. A. Pat¢] BA(Hons). BFP. FCA Prestons & Jacksons Parthership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Date.. Iv Pag¢ 5
HACKNEY HISTORIC BUILDINGS TRUST (fHE) ST ATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR EIYDED 31 MARCH 2025 31.3.25 Totsl funds 31.3.24 Total funds Unrestricted Restricted fvnds fimd N¢)tes INCOME FROM Donalions L773 2,773 1674 Other Charilable Activities Investment income 190,415 3,680 219.701 210 3.680 Totsl 19A868 196068 222,585 FXPENDITURE ON Raising funds 183290 183290 185,887 Other 33323 33323 23,171 Totsl 216,513 216,313 209.058 L¥ET INCOMFJIEXPENDrruRE) (19.645) (19,645) 13.527 RECONCILIATION OF FUNDS Total funds brou8ht forward 310,606 310.606 297.079 TOTAL FUNDS CARRIED FORWARD 290,961 290.961 310.606 The notes fonn part of these fmancial statements Page 6
ACKNEY HISTORIC BUILDINGS TRUST (THE) rATEmE OF FINANCIAL POSITION 31 MARCH 202S 31.3.25 31.3.24 FIXED ASSETS Heritag¢ 8s3ets 10 63245 63,245 CURJiEKf ASSETS Cash at bank and in hand I9997 299.241 CREDfToiLS Amounts falling due within on¢ year (71.881) (51,880} NET CURR ASSETS 227.716 247.361 TOTAL ASSETS LESS CURRENr LIABILITIES 290,961 310.606 NET ASSETS 290361 310,606 FUNDS Unrestricted funds: General fund tksignated Funds 13 240,961 50,000 260.606 50,000 291).961 310,606 TOTAL FUNDS 290,961 310.606 The charitable company is entiiled to exemplion from audit under Section 477 of th¢ Companies Act 2006 for the y¢ar ended 31 March 2025. The members have not requiT¢d the company to obtain an alIt of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The tnLSt¢es a¢knowled8e their responsibililies for (a) ensuring the ¢haritsble company keeps accoling records that ¢omply with Se¢tions 386 and 387 of the Companies Act 2006 and Ib) preparing financia] statements whi¢h give a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of its Surp]8 or deficil for each financi year in accordance with the requirements of Sectton$ 394 and 395 and which otheNise comply with the requirements of the Companies Act 2006 relating to financial stat¢ments. so far &$ applicable lo the charitable company. The notes fom) part of these financAal statements P8ge 7 continucd...
HACKNEY HtSTORIC BUIIJ)INGS TRUST (fHE) STATEMENT OF FI)IANCIAL posrrioN. contlMlle41 31 MARCH 2025 These fillancI staternts have iwi in aCC(yd with the pmvi8ions applicabk to ¢haTitabl¢ The fuwn¢ial stst approved by thc Bd of TTh5tew ond aut75 for issue Dll ere on its bthalf by. Th¢ notL% form Part of th¢8¥ fuclaI ¥tat¢m¢uts
HACKNEY HISTORIC BUILDINGS TRUST (fHE) NOTES TO THE FINANCIAL STATEMEiYTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICILS Basis of prep¥ritt% tbe fmallril statements and Mes8mtnl of goiDg wncer The financial statements of the ¢haritabl¢ company. which is a public benefit ¢nliry under FRS 102, have be¢n prepared in accordance with the Charities SORP (FRS 102)'Accounting and RertIng by Charities: Statemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Rep)rting Starbdard 102 The Financial Reporiing Siandard applicable in Ihe UK and Republi¢ of Ireland, and the Companie$ A¢t 2006. The finaJKial statements h#v¢ been prepared under the historical cost convention. GolDg CoDee The Board ¢onfimis thai they would be in a position to operat¢ for the next twelve months. For rhi8 reason, the accounts have been prepared on a going concern b&sis. Income Turnover is measured * the fair value of the ¢onsidcTation r¢c¢ived or re1vable. net of discounts and valu¢ added iaxes. Turnover includes revenue earncd from ihe rendering of services which are reCOlSed by reference to the stage of compldion of the contra¢t. The stsge of completion of ntracl is measured by comparing the costs incurred for work perfOrnd to date to the lothl ¢stimal¢d contraci costs. ExpeDditllr¢ and Irreeover#ble vae Liabilities are recognised as expenditur¢ soon as there is a legAI or constructiv¢ obligation committing ihe clwity lo ihal expenditure, li is probable that a tran$fer of economic benefits will be required in settlemeni and the amount of the obligation be measwed reliably. Exp¢nditur¢ is accounted for on on accruals basis and has been ¢l&ssified under headings ihai aggregaie all cosi T¢lated to the calegory. Where costs cannot be directly attributed to particular headings they have been allocated to a¢tivilies on a basis consisteni with the use ofr¢sour¢es. Resources expended include attributablc VAT which c8nnol be recovered. Taxitiom Th¢ charity is exempt from ¢OTPOrntion l&x on its charitable aclivxiies. Fund *tCOllDting Unrestricted funds Can be used in a¢cordance with the charifable objectives at the dIretIon of the trustees. R¢slricted fund5 can only be used for particular restri¢t¢d purpose5 within the objects of the chariry. Restrictions aris¢ wh¢n specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and pUoSe of fund is included in the Dotes to the financi81 stslements. Debtors Basic financi assets. including trade a1 other debtors. are InitilY recognised at transaction pric¢. unless the arrangemenl constiiutes a fm8n¢ing transactiory where the trans)ction 15 measured at the present va]u¢ of th¢ future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the eff¢¢tive interest method. less any tmpairn)ent. Page 9 continued...
HACKNEY HtSTORIC BiJILDINGS TRUST (THE) NOTES TO THE FINANaAL STATEMEiYfs - comtinued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICW- continued Pen5jOD ¢osts and other ws¢-retiremeDt btm¢fits The charitable company operates a defined ¢ontribution pension scheme. Contributions payable to the charitable cotnpany's pension scheme are charged to the St4t¢m¢nt of Financial Activities in the period to Hthich they relate. DONATIONS 31J.25 31.3.24 Donations 2,773 2.674 OTHER CHARITABLE A1VrlEs 31J.25 31.3.24 Round Chapel lettings Tower Income Cottage rent Booklcts 169.974 3262 1&660 519 200.623 3,208 15,680 190 190,415 219.701 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account inleresl 3,680 210 NET INCOMEJ(EXPENDITURE) Net incomel(expenditute) is staled after ¢hargin8J(creditin81: 31.3.25 31.3.24 Independent Examiners F¢e5 2.540 Page 10 continued...
HACIQ¥EY HtSTOIUC BUILDINGS TRUST (THE) NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 CH 2025 TRUSTEES, REMUNERATION AI¥D BENEFITS There were no tnLStees' remuneNion OT other benefits for the year ended 31 March 2025 nor for the year ended 31 Mw¢h 2024. Trusttts eipenses There were no tnlee$. expenses paid for the year ended 31 MaTch 2025 nor for the year cnded 31 Marth 2024. STAFF COSTS 31.325 31.3.24 Wages and salaries Other pension costs 90J74 4,760 84,981 4,677 95,134 89,658 Th¢ average moltthiy number of employees during the year was as follows: 31J.25 31.3.24 Charitable Acliviiies No employees reteived emolum¢nts in excess of £60,(KJO. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1VITIEs FOR YEAR 31J.2024 Unrestricted Restrithd fimds fund Total funds II¥COME FROM Donations 2.674 2,674 Other Charitable Activities Inveslment income 219.701 210 219.701 210 Totl 222,585 222,585 EXPENDITURE ON Raising funds 185,887 185,887 Other 23.171 23.171 Toll 209.058 209,058 NET TNCOME 13.527 13.527 Pagell continued...
HACKNEY HISTORIC BUILDINGS TRUST (THK) NOTES TO THE FINANCIAL STATEMENTS - continmtd FOR THE YEAR ENDED 31 MARCH 2025 COMPARATtVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR 31.3.2024- con¢iDu¢d Unre5tri¢ted Restricted funds fund Total funds RECONCILIATION OF FUNDS Total fund5 brought forward 297,079 297.079 TOTAL FUNDS CARRIED FORWARD 310.606 310,606 KEY MANAGEME PERSONNEL The key tnanagemenl rsOnnel is the General Manager whose gross remuneration is £55.17] in the year. (2024.. £54.017) 10. HERITAGE ASSETS Total MARKET VALUE At l April 2024 and 31 Mawh 2025 63345 NET BOOK VALUE Al 31 March 2025 63345 At 31 March 2024 63.245 Page 12 continued...
HACKNEY HISTOIUC BUDINGs TRUST (fHE) NOTES TO THE FINANCIAL ATEmENTs . continued FOR THE YEAR ENDED 31 MARCH 2025 11. cREDORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade ¢rcdilor5 S11 security and other taxes Oth¢r creditors Accruals and deferred in¢om¢ Accrued cxp¢nses 24,922 2,169 28JOD 13,900 2590 14.324 2.156 27,000 6.060 2.340 71,881 51,880 12. ANALYSIS OF NET ETs BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Totsl funds Unrestricted Restricied funds fund Fixed assets Current Issets Current liabilities 63245 29997 (71WI) 63,245 299.597 (71,881) 63.245 299,241 (51,880) 290,961 290,961 310,606 13. MOVEMENT IN FUNDS Nct movement in funds At 3113125 At 114124 Unrestricted funds General fund Designated Fund$ (19,645) 240,961 50.OOD 310,606 (19,645) 290,961 TufAL FUNDS 310,606 (19,645) 290,961 Net movement in funds. included in the ave are as follows: Inwming Resources Movement resources expcnd¢d in funds UDrtrkted fundi General fund 196,868 (216,513) (19,645) 196,868 (216513) {19,645) Page 13 continued...
HACJQYEY IUSTOIUC BUILDINGS TRUST (THE) NOTES TO THE FINANCTAL STATEMErn - continued FOR THE YEAR ENDED 31 MARCH 2025 13. MOVEMELYf IN FUNDS- ¢ontinutd Comparatives for movement im flln(b Net movement in funds Transfers betwecn funds At 3113124 At 114r23 Unrestrlettd futtd8 Genernl fund De$ignat¢d Funds 297.079 13.527 (50.000) 50.000 260,606 50,000 297.079 13.527 310.606 TOTAL FUNDS 297.079 13.527 310,606 Comparnlive net movement in funds, included in the aEM)ve arc a5 follows., Incoming Resour¢¢s Movement re50ur¢¢s expended in funds Unrestrl¢t¢d funds Gener81 fund 222.585 (209,058) 13,527 TOTAL FUNDS 222.585 (209,058) 13,527 Designated Unr¢5tri¢t¢d Funds reFYtsents £25,0(Kl to allow for winding down and lor moihba]lin8 fo Ih¢ Trust operation and £25.000 io pay for any emergency repairs lo the Round Chapcl. 14. RELATED PARTY DISCLOSiIRL8 There were no related party tr8nsactions for the year ended 31 M2r¢h 2025. Page 14