Docusign Envelope ID: 8DD4EAAE-9742-4562-83B1-0A8BB1545D47
## Christ Church Trust
## **Trustees Annual Report 2024**
- The Christ Church Trust was established for the advancement of the Christian religion, particularly in the area of Cockfosters.
- During the year the Trust continued to own two residential properties that it rents to Christ Church Cockfosters to house ministers of religion.
- Additionally, the Trust started receive some direct donations during the year and registered for Gift Aid with HMRC.
- The trust had incoming resources of £51,440 during the year and expenses of £34,268, largely arising from a mortgage from CAF Bank on the properties and some legal expenses to update the Trust’s constitution.
- The Trust paid down £75,552 of its mortgage with CAF Bank during the year and finished with a General Reserve balance of £21,314 and a Property Fund of £977,719.
**Mike Slevin Chair of CCT Trustees**
_15[th] June 2025_
_The Christ Church Trust Charity Number: 298004_
_40 East View Barnet Herts EN5 5TN_
Information Classification: Confidential
Docusign Envelope ID: 8DD4EAAE-9742-4562-83B1-0A8BB1545D47
## **The Christ Church Trust Statement of Financial Activities Year to 31st December 2024**
|**_Incoming resources_**
Rent Received
Donations Received
Interest Income
**Total incoming resources**
**_Resources expended_**
Charitable activities
Property Expenditure and Costs
CAF Bank Mortgage Repayments (58 Fordham Rd)
Bank Charges
**Total resources expended**
**Net incoming (outgoing) resources for the year**
Other recognised gains/ (losses)
13 Wilton Road Revaluation Gain|**_Incoming resources_**
Rent Received
Donations Received
Interest Income
**Total incoming resources**
**_Resources expended_**
Charitable activities
Property Expenditure and Costs
CAF Bank Mortgage Repayments (58 Fordham Rd)
Bank Charges
**Total resources expended**
**Net incoming (outgoing) resources for the year**
Other recognised gains/ (losses)
13 Wilton Road Revaluation Gain|**Unrestricted**
**Unrestricted**
**Property**
**General**
**TOTAL**
**Fund**
**Fund**
**£**
**£**
**£**
-
32,592
32,592
-
18,800
18,800
-
48
48
-
51,440
51,440
-
10,467
10,467
(75,552)
99,260
23,709
-
92
92
(75,552)
109,819
34,268
75,552
**(58,380)**
17,172
-
-
-|**2023**
**£**
35,435
70,000
19|
|---|---|---|---|
||||105,454|
||||1,196
22,714
62|
||||23,971|
||||81,483
-|
|||||
|**Net Movement in Funds**||**75,552**
**(58,380)**
**17,172**|**81,483**|
|Funds brought forward||902,167
79,693
981,860||
||||900,378|
|||||
|**Funds Carried Forward**||**977,719**
**21,314**
**999,032**|**981,860**|
|**Note: Property Value**|||**2024**|**2023**|
|---|---|---|---|---|
||**Wilton Road**|**Fordham Road**|**TOTAL**|**TOTAL**|
|**Property value as at 31 December 2023**|**675,000**|**585,000**|**1,260,000**|**1,260,000**|
|Revaluation Gains|-|-|-|-|
|**Property value as at 31 December 2024**|**675,000**|**585,000**|**1,260,000**|**1,260,000**|
# Information Classification: Confidential
Docusign Envelope ID: 8DD4EAAE-9742-4562-83B1-0A8BB1545D47
## **The Christ Church Trust Balance Sheet Year to 31st December 2024**
|**_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
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|**_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
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|**Unrestricted**
**Unrestricted**
**Property**
**General**
**TOTAL**
**Fund**
**Fund**
**£**
**£**
**£**
675,000
-
675,000
585,000
-
585,000
1,260,000
-
1,260,000
-
-
-
-
21,314
21,314
-
21,314
21,314
7,254
-
7,254
275,027
-
275,027|**2023**
**£**
675,000
585,000|
|---|---|---|---|
||||1,260,000|
||||-
79,693|
||||79,693|
||||11,382
346,451|
|**Total Net Assets**||**977,719**
**21,314**
**999,032**|**981,860**|
|**_Funds of the Charity_**
Unrestricted Property Fund
Unrestricted General Fund||977,719
-
977,719
-
21,313
21,313||
|||||
|||||
|||||
|||||
||||902,167|
||||79,693|
|||||
|**Total Funds**||**977,719**
**21,313**
**999,032**|**981,860**|
## **Notes:**
1. The Christ Church Trust is a registered charity Number 298004, established for the advancement of the Christian religion in and around the area of Cockfosters.
2. Rent received was less than market rate.
3. 58 Fordham Road was purchased for £585,000 with a mortgage of £385,000 from CAF Bank.
- It has 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.
5. 2023 Funds brought forward adjusted to reflect prior understatment of mortgage balance of £6,248.
Approved by the Trustees on: 15th June 2025 Trustees: M Slevin C Ward T Ward R Bell
# Information Classification: Confidential
Docusign Envelope ID: 8DD4EAAE-9742-4562-83B1-0A8BB1545D47
## **The Christ Church Trust**
## **Independent Examiner's Report to the Trustees of The Christ Church Trust**
## **Year ended 31 December 2024**
I report to the trustees on my examination of the financial statements of The Christ Church Trust ('the charity') for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act’).
Having satisfied myself that the accounts of the company are not required to be audited and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the Act’). In carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Mattei, ACA FCCA Independent Examiner
Leaman Mattei Suite 1, First floor 1 Duchess Street London W1W 6AN
06 October 2025