## **ST AGATHA'S TRUST**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDING 31 DECEMBER 2024**
## **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 2024**
**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 2024**
The Directors present their report and accounts for the year ended 31 December 2024
## **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 2024**
|**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**|**2024**
**£**
32,509
5,585
8,240
50
-
46,384
5,079
51,463
(39,711)
11,752
222,959
**234,711**|**2023**
**£**
26,335
6,005
500
-
-|
|---|---|---|
|||32,840
4,162|
|||37,002
(29,930)|
|||7,072
215,887|
|||**222,959**|
All of the company's movement in funds, income and expenditure in 2024 and 2023 was generated from continuing activities.
All of the company's resources and activities relate to unrestricted funds, except as itemised.
* £7,100 sanctuary lighting project £1,140 acquisition of two oil paintings (both completed in 2024)
**Page 4**
## **ST AGATHA'S TRUST**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2024**
|**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**|**2024**
**£**
**£**
95,556
5,669
136,552
8,240
150,461
0
150,461
**246,017**
**237,777**|**2023**
**£**
**£**
83,978
2,508
135,878
500
138,886
0
138,886
**222,864**
**222,364**|**2023**
**£**
**£**
83,978
2,508
135,878
500
138,886
0
138,886
**222,864**
**222,364**|
|---|---|---|---|
|||||
||||**222,364**|
For the year ending 31 December 2024 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 2024**
## **3 Tangible Fixed Assets**
|COST
Balance brought forward
Additions
Balance carried forward
DEPRECIATION
Balance brought forward
Charge in year
Balance carried forward
NET BOOK VALUE
As at 31 December 2024
As at 31 December 2023
Depreciation Rates (Reducing Balance)|**Property**
**Fixtures**
**Eccles-**
**Piano**
**Improve-**
**Fittings**
**iastical**
**Furniture**
**Organs**
**Bells**
**Total**
**ments**
**Eqpt**
**Artefacts**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
29,728
19,567
72,480
33,365
71,962
30,135
257,237
3,342
9,298
6,703
0
0
0
19,343|
|---|---|
||33,070
28,865
79,183
33,365
71,962
30,135
276,580|
||23,274
17,792
48,759
25,723
50,916
6,795
173,259
1,614
444
2,372
764
2,105
467
7,765|
||24,888
18,236
51,131
26,487
53,021
7,262
181,024|
||8,183
10,629
28,052
6,878
18,941
22,873
95,556|
||6,454
1,775
23,721
7,642
21,046
23,340
83,978|
||25%
25%
10%
10%
10%
2%|
## **4 Debtors**
The value of £5,669 in the 31 December 2024 Balance Sheet represents money owed by HM 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 2024, 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
8 April 2025