## **Trustees’ Annual Report for the period** **From 01/01/2022 Period start date To 31/12/2022 Period end date** ## **Charity name: The Christ Church Trust** ## **Charity registration number: 298004** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The advancement of the Christian**
**religion, particularly by the support of**
**Christ Church Cockfosters.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**We own two properties which are rented**
**to Christ Church Cockfosters for use by**
**church staff. This supports Christ**
**Church Cockfosters.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees have regard to the**
**guidance issued by the Charity**
**Commission on public benefit.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**During 2022, The Christ Church Trust**
**owned two properties: 13 Wilton Road,**
**EN$ 9DX and 58 Fordham Road, EN4**
**9AQ. These properties were rented to**
**Christ Church Cockfosters for use by**
**church staff.**
**The ownership and rental of these**
**properties is of benefit to Christ Church**
**Cockfosters as it seeks to advance the**
**Christian religion.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The Trust’s financial position is sound**
**with net assets of £906,626**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The Trust’s policy is to hold the**
**minimum cash reserve to cover**
**unexpected expenditure. This does not**
**need to be a large amount as the**
**responsibility for the maintenance and**
**repair of the properties lies with Christ**
**Church Cockfosters, as set out in the**
**Tenancy Agreements**| |Amount of reserves held|Para 1.22|**£9275**| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**| **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||**Trust Deed dated 18th September 1987**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Charitable Trust**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**The Parochial Church Council of Christ**
**Church Cockfosters has the right to**
**nominate Trustees and the Trustees**
**shall appoint persons so nominated to**
**be Trustees. All Trustees shall be on the**
**electoral roll of Christ Church**
**Cockfosters or be a clergyman of the**
**Church of England residing within the**
**parish of Christ Church Cockfosters.**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|The Christ Church Trust| |---|---| |Other name the charity uses|| |Registered charity number|298004| |Charity’s principal address|3 Wilton Road,
Cockfosters,
Barnet,
EN4 9DX| |---|---| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Christopher Bird|Chair||| ||Michael Slevin|Treasurer||| ||Janet Houghton|||| ||CraigWard|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **The Christ Church Trust Balance Sheet Year to 31st December 2022** |**_Fixed Assets_**
Property
13 Wilton Road Property Valuation (27 October 2020)
58 Fordham Road Property Valuation (8 September 2020)
**Total Fixed Assets**
**_Current Assets_**
Debtors (rent due)
Cash at Bank
**Net Current Assets**
**_Liabilities_**
CAF Bank Mortgage Repayments due within one year
CAF Bank Mortgage Repayments due after more than one year
**Total Net Assets**
**_Funds of the Charity_**
Unrestricted Property Fund
Unrestricted General Fund
**Total Funds**|**Unrestricted**
**Unrestricted**
**Property**
**General**
**TOTAL**
**Fund**
**Fund**
**£**
**£**
**£**
675,000
675,000
585,000
585,000
1,260,000
-
1,260,000
1,500
1,500
7,775
7,775
-
9,275
9,275
11,064
11,064
351,585
351,585
**897,350**
**9,275**
**906,625**
897,351
897,351
9,275
9,275
**897,351**
**9,275**
**906,626**|| |---|---|---| |||**2021**| |||| |||**£**| |||| |||| |||| |||675,000| |||585,000| |||| |||1,260,000| |||| |||| |||| |||-| |||8,496| |||| |||8,496| |||| |||| |||| |||10,727| |||362,649| |||| |||**895,120**| |||| |||| |||| |||| |||| |||886,624| |||8,496| |||| |**Total Funds**||**895,120**| ## **Notes:** 1. The Christ Church Trust is a registered charity Number 298004, established for the advancement of the Christian religion, particularly by the support of Christ Church Cockfosters. 2. Rent received was less than market rate. 3. 58 Fordham Road was purchased for £585,000 using £200,000 contributed by Christ Church Cockfosters as a deposit and a - mortgage of £385,000 from CAF Bank, with a final repayment date of 19 November 2045 and an interest rate of 3% above Bank of England Base Rate. 4. 13 Wilton Road was revalued on 27 October 2020 and is held at that valuation. - 58 Fordham Road is valued at its valuation upon purchase. **----- Start of picture text -----**
Approved by the Trustees on: Saturday, 18 March 2023
Trustees: C. Bird
M. Slevin
J. Houghton
C. Ward
**----- End of picture text -----**
**----- Start of picture text -----**
Report of the Accountants to Christ Church Trust
Accounts for the year ended 31 December 2022
**----- End of picture text -----**
In accordance with instructions given to us we have compiled, without carrying out an audit, the attached Balance Sheet and Statement of Financial Activities from the accounting records of Christ Church Trust and from information and explanations supplied to us. ## **West Wake Price LLP** Chartered Accountants London Saturday, 18 March 2023 #Information Classification: Confidential ## **The Christ Church Trust Statement of Financial Activities Year to 31st December 2022** |**_Incoming resources_**
Rent - Christ Church Cockfosters
Other Income
**Total incoming resources**
**_Resources expended_**
Charitable activities
Property Expenditure and Costs
CAF Bank Mortgage Interest Repayments (58 Fordham Rd)
Bank Charges
Donation to Christ Church Cockfosters
**Total resources expended**
**Net incoming (outgoing) resources for the year**
Other recognised gains/ (losses)
13 Wilton Road Revaluation Gain
**Net Movement in Funds**
Funds brought forward
**Funds Carried Forward**|**Unrestricted**
**Unrestricted**
**Property**
**General**
**TOTAL**
**Fund**
**Fund**
**£**
**£**
**£**
27,086
27,086
9
9
-
27,095
27,095
899
899
(10,727)
25,335
14,608
82
82
(10,727)
26,316
15,589
10,727
779
11,506
**10,727**
**779**
**11,506**
886,624
8,496
895,120
**897,351**
**9,275**
**906,626**|**2021**
**£**
25,200
-| |---|---|---| |||25,200| |||916
11,750
98
-| |||12,764| |||12,436| |||**12,436**
882,684| |**Funds Carried Forward**||**895,120**| |**Note: Property Value**|||**2022**|**2021**| |---|---|---|---|---| ||**Wilton Road**|**Fordham Road**|**TOTAL**|**TOTAL**| |**Property value as at 31 December 2021**|**675,000**|**585,000**|**1,260,000**|**1,260,000**| |Revaluation Gains|-|-|-|-| |**Property value as at 31 December 2022**|**675,000**|**585,000**|**1,260,000**|**1,260,000**| #Information Classification: Confidential