2020-12-31-accounts - Christ Church Brixton Road Halls Trust

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Charity number: 802522

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Christ Church Brixton Road Halls Trust
(A Charity governed by its constitution, charity number 802522)
Financial Statements
and
Trustees' Report
for the year ended 31 December 2020
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AT Christ Church Brixton Road Halls Trust

(A Charity governed by its constitution, charity number 802522)

Index to the Financial Statements for the year ended 31 December 2020

	Page
Index to the Financial Statements	2
Charity Information	3
Trustees' Report	4 - 5
Trustees' Responsibilities Statement	6
Independent Examiner's Report	7
Statement of Financial Activities	8
Statement of Financial Position	9
Statement of Cash Flows	10
Accounting Policies	11
Notes to the Accounts	12 - 14

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(A Charity governed by its constitution, charity number 802522)

AT Christ Church Brixton Road Halls Trust

Charity Information

for the year ended 31 December 2020

Christ Church Brixton Road Halls Trust is a charitable trust governed by its Trust Deed.

Charity name:	Christ Church Brixton Road Halls Trust	Christ Church Brixton Road Halls Trust
Charity registration number:	802522
Registered office:	90 Brixton Road
	London SW9 6BE
Operations address:	Christ Church Hall
	7 Mowll Street
	London SW9 6BJ
Trustees who held office	Revd Tim Jeffreys	- Up to August 2020
during the year:	Rotimi Meghoma FFA, FIPA, FCCA
	Chester Holder
Chair:	Revd Tim Jeffreys	- Up to August 2020
Treasurer and Secretary:	Rotimi Meghoma FFA, FIPA, FCCA
Senior Management:	Chester Holder
Independent Examiner:	Anthony Armstrong FCA
	Armstrong & Co
	Chartered Accountants & Statutory Auditor
	4a Printing House Yard
	Hackney Road
	London E2 7PR

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(A Charity governed by its constitution, charity number 802522)

AT Christ Church Brixton Road Halls Trust

Trustees' Report for the year ended 31 December 2020

The Trustees of Christ Church Brixton Road Halls Trust present their report together with the financial statements for the year ended 31 December 2020.

In the year to December 2020 the trust generated a total income of £44,568 (2019: £44,700).

The total expenditure for the financial year was £73,659 (2019: £16,247).

At the year end the Trust achieved net deficit of £29,431 (2019: surplus £28,793); a detailed analysis of income and expenditure is shown in the Statement of Financial Activities (SoFA) on page 8.

Pictorial financial performance for the year as follows:

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Income Expenditure
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During the year the Trust gave a total grant of £71,414 to the Ecclesiastical Parish of Christ Church Brixton Road. At the end of the Church Brixton Road Halls Trust aims to hold sufficient funds to ensure the continuing operation of its charitable activities.

The trustees are most grateful to LCDA and their tenants (too many to mention individually), for the services that they provide to place.

The trustees are grateful to Mr Steve Hall, Mr Marcel Berg and Ms Angel Okore for their commitments in carrying out the voluntary administrative work during the financial year. Likewise our appreciation goes to Ms Liz Waldy for coordinating the administrative work.

We are very proud of the way the LCDA moves forward in recent years in face of difficult and volatile economic climate, and the trustees believe that LCDA would continue to deliver successful projects and we do not anticipate reduction in rental income.

On a very sad note the Trust lost its Chair the Revd Tim Jeffreys who suddenly passed on to glory in August 2020; we pray that his soul rest in perfect peace. Revd Tim Jeffreys served the Trust faithfully and efficiently for thirteen years and under his Chairmanship the Trust went from strength to strength, we will all miss him. The Trustees pray that Almighty God would comfort his family, friends, Christ Church Brixton Road congregation and the people in the local Community.

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(A Charity governed by its constitution, charity number 802522)

AT Christ Church Brixton Road Halls Trust

Trustees' Report for the year ended 31 December 2020

Risk Management

property to a high standard and will continue to do so in the future. All revenue of the charity (excluding investment income) was generated from rental income.

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA, has indicated his willingness to be proposed for re-appointment.

The financial statements were approved by the Board of Trustees on 24 October 2021 and signed on its behalf by:

Rotimi Meghoma FFA, FIPA, FCCA Treasurer

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(A Charity governed by its constitution, charity number 802522)

AT Christ Church Brixton Road Halls Trust

Trustees' Responsibilities Statement for the year ended 31 December 2020

The trustees are required by law to prepare financial statements for each financial period which give a true and fair view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial statements the trustees are required to:

a) Select suitable accounting policies and apply them consistently;
b) Observe the methods and principles in the Charities SORP;
c) Make judgements and estimates that are reasonable and prudent;
d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
e) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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(A Charity governed by its constitution, charity number 802522)

AT Christ Church Brixton Road Halls Trust

Independent Examiner's Report to the Trustees of Christ Church Brixton Road Halls Trust

I report on the accounts of Christ Church Brixton Road Halls Trust for the period from 1 January 2020 to 31 December 2020, which are set out on pages 8 to 14.

This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the 2011 Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 6, the trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the the 2011 Act and that an independent examination is needed.

Having satisfied myself that the charity is eligible for independent examination, it is my responsibility to:

a) examine the accounts under section 145 of the 2011 Act;
b) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
c) to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with 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 the 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 statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the 2011 Act; or the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the which is not a matter considered as part of an independent examination.

I 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.

Anthony Armstrong FCA of Armstrong & Co Chartered Accountants & Statutory Auditor

4a Printing House Yard Hackney Road London E2 7PR

Dated: 24 October 2021

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FS Christ Church Brixton Road Halls Trust

(A Charity governed by its constitution, charity number 802522)

Statement of Financial Activities

for the year ended 31 December 2020

		2019
Unrestricted Funds	Restricted Funds	Total Funds
£ 44,568	£ -	£ 44,700
44,568	-	44,700
73,659	-	16,247
73,659	-	16,247
(340)	-	340
(29,431) 657,832	- -	28,793 629,039
628,401	-	657,832

All incoming resources and resources expended are derived from continuing activities.

There are no gains and losses other than those noted above and therefore no separate statement of total recognised gains and losses has been prepared.

The accompanying accounting policies and notes form an integral part of these financial statements.

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(A Charity governed by its constitution, charity number 802522)

Christ Church Brixton Road Halls Trust

Statement of Financial Position as at 31 December 2020

Notes ixed assets: nvestments 5 otal fixed assets Current assets: Debtors 6 Cash at bank and In hand 7 otal current assets 8 Net current assets otal net assets he funds of the charity: Unrestricted funds 11 otal charity funds 13 Creditors: amounts falling due within one year	£ £ £ £ 444,620 444,960 444,620 444,960 11,116 - 173,385 213,232 184,501 213,232 720 360 183,781 212,872 628,401 657,832 628,401 657,832 628,401 657,832 31 December 2020 31 December 2019	£ £ £ £ 444,620 444,960 444,620 444,960 11,116 - 173,385 213,232 184,501 213,232 720 360 183,781 212,872 628,401 657,832 628,401 657,832 628,401 657,832 31 December 2020 31 December 2019
	£ 11,116 173,385	£ 444,960
		444,960 212,872
	184,501 720

		657,832 657,832
		657,832

The financial statements were approved by the Board of Trustees on 24 October 2021 and signed on its behalf by:

Rotimi Meghoma FFA, FIPA, FCCA Trustee

The notes on pages 11 to 14 form part of these accounts.

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Christ Church Brixton Road Halls Trust

(A Charity governed by its constitution, charity number 802522)

Statement of Cash Flows

for the year ended 31 December 2020

Notes Cash flows from operating activities: Net cash provided by/(used in) operating activities 1 Cash flows from investing activities: Dividends, interest and rents from investments Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 Notes to the Cash Flow Statement 1) Adjustments for: (Gains)/losses on investments Dividends, interest and rents from investments (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating activities 2) Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents Reconciliation of net income/(expenditure) to net cash flow from operating activities Net income/(expenditure) for the reporting period (as per the statement of financial activities)	2020 £ (84,415) 44,568 44,568 (39,847) 213,232 173,385 2020 £ (29,431) 340 (44,568) (11,116) 360 (84,415) 2020 £ 173,385 173,385	2019 £ (16,248)
		44,700
		44,700
		28,452 184,780
		213,232 2019 £ 28,793 (340) (44,700) - -
		(16,248)
		2019 £ 213,232
		213,232

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(A Charity governed by its constitution, charity number 802522)

Christ Church Brixton Road Halls Trust

Accounting Policies

for the year ended 31 December 2020

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with:

a) Applicable UK accounting standards, including Financial Reporting Standard 102 section 1A Small Entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.
b) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102);
c) the Charities Act 2011.

Public benefit entity

The charity meets the defination of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue to operate and accordingly the accounts have been prepared on a going concern basis.

Income recognition

Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Designated Funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Allocation of costs

Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the projects based on criteria determined by the nature of the expense.

Investment Property

The freehold building is an investment property and so has not been depreciated. The trustees believe that the fair value of the freehold property is the current use valuation. Based on commercial property guidelines, this is estimated by the trustees to be 10 times the rental income derived from the property. The property is therefore valued at approximately £444,620 (2019: £444,960).

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(A Charity governed by its constitution, charity number 802522)

F Christ Church Brixton Road Halls Trust

Notes to the Accounts

for the year ended 31 December 2020

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net outgoing resources Net outgoing resources are stated after charging: Independent examiner's fees Trustees' emoluments	2020 £ 360 -	2019 £ 360 -

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

3 Investments Rental income Bank interest receiveable 4 Charitable activities Donations to CCBR Legal & professional fees Independent examination fees Bank charges 5 Investments Market value As at 1 January 2020 Additions Disposals Revaluations As at 31 December 2020 6 Debtors: amounts falling due within one year Other debtors 7 Bank and cash in hand CAF current account CAF deposit account 8 Creditors: amounts falling due within one year Accruals	Unrestricted £ 44,462 106 44,568 Unrestricted £ 71,414 1,825 360 60 73,659	Restricted £ - - - Restricted £ - - - - - #N/A £ - - - - -	2020 Total £ 44,462 106 44,568 2020 Total £ 71,414 1,825 360 60 73,659 Investment Property £ 444,960 - - (340) 444,620 2020 £ 11,116 11,116 2020 £ 91,732 81,653 173,385 2020 £ 720 720	2019 Total £ 44,496 204
				44,700 2019 Total £ 14,803 1,024 360 60
				16,247 Total £ 444,960 - - (340)
				444,620 2019 £ -
				- 2019 £ 131,685 81,547
				213,232 2019 £ 360
				360

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(A Charity governed by its constitution, charity number 802522)

F Christ Church Brixton Road Halls Trust

Notes to the Accounts

for the year ended 31 December 2020

The funds of the charity : curent year Unrestricted funds Designated funds General funds Total unrestricted funds The funds of the charity : prior year Unrestricted funds Designated funds General funds Total unrestricted funds Designated funds : current year Property Fund Designated funds : prior year Property Fund	The funds of the charity : curent year Unrestricted funds Designated funds General funds Total unrestricted funds The funds of the charity : prior year Unrestricted funds Designated funds General funds Total unrestricted funds Designated funds : current year Property Fund Designated funds : prior year Property Fund	Closing balance £ 444,620 183,781
		628,401
		Closing balance £ 444,960 212,872
		657,832
		Closing balance £ 444,620
		444,620 Closing balance £ 444,960
		444,960
Property Fund	This fund represents the amount of charity funds locked up in freehold land and buildings and other fixed assets which are needed for operational purposes. The funds are carried at the net book value of original cost of the fixed assets at the balance sheet date, after deducting any outstanding loans, endowment funds or restricted funds used to finance their acquisition.

13 Net assets attributable to funds : current year Tangible fixed assets Current assets Current liabilities Net assets represented by funds 14 Net assets attributable to funds : prior year Tangible fixed assets Current assets Current liabilities Net assets represented by funds	General funds - 184,501 (720) 183,781 General funds - 213,232 (360) 212,872	Designated funds £ 444,620 - - 444,620 Designated funds £ 444,960 - - 444,960	Restricted funds £ - - - - Restricted funds £ - - - -	Endowment funds £ - - - - Endowment funds £ - - - -	Total £ 444,620 184,501 (720)
					628,401 Total £ 444,960 213,232 (360)
					657,832

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(A Charity governed by its constitution, charity number 802522)

F Christ Church Brixton Road Halls Trust

Notes to the Accounts

for the year ended 31 December 2020

15 Taxation

As a charity the trust is exempt from tax on income and gains derived from charitable activities to the extent that these are applied to its charitable objects.

16 Post balance sheet events

There were no significant post balance sheet events.

17 Transactions with trustees

There were no material transactions with the trustees during the year.

18 Contingent liabilities

The charity had no material contingent liabilities at 31 December 2020 nor at 31 December 2019.

19 Related parties

There were no disclosable related party transactions during the year.

20 Gifts in kind and volunteers

During the year the charity benefited from unpaid work performed by volunteers.

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