ST AGATHA'S TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2023
CONTENTS
| Company Information Directors' Report Statement of Financial Activities Balance Sheet Notes to the Accounts Independent Examiner's Report |
PAGE |
|---|---|
| 1 2 3 4 5-6 7 |
Page 1
ST AGATHA'S TRUST
COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL COMPANY INFORMATION AS AT 31 DECEMBER 2023
INCORPORATED England - 18 September 1987 REGISTERED COMPANY NUMBER 2167302 DIRECTORS Adrian Terence James Baxter Richard Godfrey Colley Clive John Elvin Teresa Elvin Timothy John Wesley Graham John David Maunder Peter Maunder Robert William Mercer Martin Kenneth Petch Richard Jack Andrew Storey Luke Charles Christian Stutters SECRETARY vacant REGISTERED OFFICE 23 Meadowmead Avenue Southampton Hampshire S015 4LW BANK National Westminster Bank plc 52 West Street FAREHAM Hampshire PO16 0JX
LIMITED COMPANY
The Company is limited by guarantee, this being £1.00 for each of the members.
Page 2
ST AGATHA'S TRUST
COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL
DIRECTORS' REPORT AS AT 31 DECEMBER 2023
The Directors present their report and accounts for the year ended 31 December 2023
PRINCIPAL ACTIVITY
The principal activity of the company continues to be supporting and administering St Agatha's Church, Portsmouth, and to act in its best interests
DIRECTORS
The Directors of the Company during the year were:
Adrian Terence James Baxter Richard Godfrey Colley Clive John Elvin Teresa Elvin Timothy John Wesley Graham John David Maunder Peter Maunder Robert William Mercer Martin Kenneth Petch Richard Jack Andrew Storey Luke Charles Christian Stutters
SMALL COMPANY SPECIAL PROVISIONS
The report of the Directors has been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies
This report was approved by the Board on
Martin Petch – Treasurer and Trustee
Page 3
ST AGATHA'S TRUST
STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account)
FOR THE YEAR ENDING 31 DECEMBER 2023
| Income and endowments from: Donations and gifts Gift Aid Restricted funds Other income Profit on disposal of fixed assets Income from investments (interest) Total income Expenditure on charitable activities Net (Decrease) / Increase in Funds Total Funds Brought Forward Total Funds Carried Forward* |
2023 £ 26335 6005 500 32840 4162 37002 (29930) 7072 215887 222959 |
2022 £ 22323 2779 - 250 - |
|---|---|---|
| 25352 918 |
||
| 26270 (27037) |
||
| (767) 216654 |
||
| 215887 |
All of the company's movement in funds, income and expenditure in 2023 and 2022 was generated from continuing activities.
All of the company's resources and activities relate to unrestricted funds, except as itemised.
- Building extension project.
Page 4
ST AGATHA'S TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
| FIXED ASSETS Tangible Fixed Assets (Note 3) CURRENT ASSETS Debtors (Note 4) Cash at bank and in hand Restricted funds CURRENT LIABILITIES Creditors - Amounts falling due within one year NET CURRENT ASSETS TOTAL NET ASSETS UNRESTRICTED FUNDS OF THE CHARITY |
2023 £ £ 83978 2508 135878 500 138886 138,886 222,864 222,364 |
2022 £ £ 91,826 2665 121397 124062 124,062 215,888 215,888 |
2022 £ £ 91,826 2665 121397 124062 124,062 215,888 215,888 |
|---|---|---|---|
| 138886 | 124062 | ||
| 215,888 |
For the year ending 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006
The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board:
JOHN DAVID MAUNDER - DIRECTOR
Page 5
ST AGATHA'S TRUST
NOTES TO THE ACCOUNTS
1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and with the Charities Act 2011.
1.2 Going concern
There are no circumstances giving rise to doubt as to the company's status as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 1.1.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period.
1.5 Material prior year errors
No material prior year errors have been identified in the reporting period.
2 Accounting policies
2.1 Income
Income is recognised when the company becomes entitled to the resources. There has been no offsetting of assets and liabilities, or income and expenses. Gift Aid receivable is included in income when there is a valid declaration from the donor.
Investment gains and losses are recognised whether realised or unrealised.
2.2 Expenditure and liabilities
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the company to pay out resources.
2.3 Assets
Tangible fixed assets are capitalised if they can be used for more than one year, and are valued at cost. Depreciation rates and methods are disclosed in the applicable note.
Page 6
ST AGATHA'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2023
3 Tangible Fixed Assets
| 3 Tangible Fixed Assets | |||||||
|---|---|---|---|---|---|---|---|
| Property | Fixtures | Eccles- | Piano | ||||
| Improve- | Fittings | iastical | Furniture | Organs | Bells | Total | |
| ments | Eqpt | Artefacts | |||||
| £ | £ | £ | £ | £ | £ | £ | |
| COST | |||||||
| Balance brought forward | 29,728 | 19,567 | 71,406 | 33,365 | 71,962 | 30,135 | 256,163 |
| Additions | 1,074 | 1,074 | |||||
| Balance carried forward | 29,728 | 19,567 | 72,480 | 33,365 | 71,962 | 30,135 | 257,237 |
| DEPRECIATION | |||||||
| Balance brought forward | 21,123 | 17,200 | 46,243 | 24,874 | 48,577 | 6,319 | 164,336 |
| Charge in year | 2,151 | 592 | 2,516 | 849 | 2,339 | 476 | 8,923 |
| Balance carried forward | 23,274 | 17,792 | 48,759 | 25,723 | 50,916 | 6,795 | 173,259 |
| NET BOOK VALUE | |||||||
| As at 31 December 2023 | 6,454 | 1,775 | 23,721 | 7,642 | 21,047 | 23,340 | 83,978 |
| As at 31 December 2022 | 8,605 | 2,367 | 25,163 | 8,491 | 23,385 | 23,816 | 91,827 |
| Depreciation Rates (Reducing Bal | 25% | 25% | 10% | 10% | 10% | 2% |
4 Debtors
The value of £2,508 in the 31 December 2023 Balance Sheet represents money owed by H M Revenue & Customs (tax refunds for Gift Aid).
5 Transactions with related parties
There were no transactions with related parties in the period, other than the reimbursement of expenses.
Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST AGATHA'S TRUST
I report on the accounts of the company for the year ended 31 December 2023, which are set out on pages 1 to 6.
Respective Responsibilities of Trustees and Examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
-examine the accounts under section 145 of the 2011 Act
-
-follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
-
-state whether particular matters have come to my attention
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view", and the report is limited to those matters set out in the next statement.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
-to keep accounting records in accordance with section 386 Companies Act 2006, and
-
-to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met, or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
John Nicholas Goodrich
30 Bealing Close. Southampton, SO16 3AX
26 April 2024