2021-12-31-accounts - Christ Church Brixton Road Halls Trust

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Charity number: 802522

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 2021

Document Ref: 8GYUV-R8575-GEAWB-CY4RT

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

Index to the Financial Statements for the year ended 31 December 2021

AT Christ Church Brixton Road Halls Trust

	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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Document Ref: 8GYUV-R8575-GEAWB-CY4RT

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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 2021

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

Charity name: 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 Rotimi Meghoma FFA, FIPA, FCCA during the year: Chester Holder Treasurer and Secretary: Rotimi Meghoma FFA, FIPA, FCCA Independent Examiner: Anthony Armstrong FCA Armstrong & Co Chartered Accountants & Statutory Auditor 4a Printing House Yard Hackney Road London E2 7PR

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Document Ref: 8GYUV-R8575-GEAWB-CY4RT

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AT Christ Church Brixton Road Halls Trust

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

Trustees' Report for the year ended 31 December 2021

The Trustees of Christ Church Brixton Road Halls Trust present their report together with the financial statements for the year ended 31 December 2021.

In the year to December 2021 the trust generated a total income of £44,470 (2020: £44,568).

The total expenditure for the financial year was £32,325 (2020: £73,659).

At the year end the Trust achieved net surplus of £12,145 (2020: deficit £29,431); 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:

----- Start of picture text -----
Income Expenditure
Bank Governance
interest Costs
8 420…
0%
Property
Charitable
income
Activities
44462
31905
100%
99%
----- End of picture text -----

During the year the Trust gave a total grant of £30,000 to the Ecclesiastical Parish of Christ Church Brixton Road. At the end of the financial year, the Trust’s statement of finance position recorded net current assets of £195,926 (2020: £183,781) page 9. Christ Church Brixton Road Halls Trust aims to hold sufficient funds to ensure the continuing operation of its charitable activities.

The charity’s total reserves at the year-end increased to £640,546 (2020: £628,401).

The trustees are in negotiation with the LCDA regarding a new lease of the trust’s halls.

We are most grateful to LCDA and their tenants (too many to mention individually), for the services that they provide to the community and for the maintenance of the Trust’s property. Without these services the community would indeed be a poorer place.

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.

The trustees are grateful to Angel for her commitments in carrying out the voluntary administrative work during the financial year.

Risk Management

There is no known risks facing the charity, and the trustees believe that LCDA (the lessee of the charity’s property) maintains the 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.

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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 2021

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 2022 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 2021

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 2021 to 31 December 2021, 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:

l the accounting records were not kept in accordance with section 130 of the 2011 Act; or
l the accounts did not accord with the accounting records; or
l the accounts did 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.

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 2022

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

Christ Church Brixton Road Halls Trust

Statement of Financial Activities for the year ended 31 December 2021

Notes Income from: Investments 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net gains/(losses) on investments 5 Net income/(expenditure) and movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward			2021 2020 Total Funds Total Funds £ £ 44,470 44,568 44,470 44,568 32,325 73,659 32,325 73,659 - (340) 12,145 (29,431) 628,401 657,832 640,546 628,401
	Unrestricted ~~Funds~~	Restricted ~~Funds~~
	£ 44,470	£ -
	44,470	-
	32,325	-
	32,325	-
	-	-
	12,145 628,401	- -
	640,546	-

All incoming resources and resources expended are derived from continuing activities. 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 2021

Notes Fixed assets: Investments 5 Total fixed assets Current assets: Debtors 6 Cash at bank and In hand 7 Total current assets 8 Net current assets Total net assets The funds of the charity: Unrestricted funds 11 Total charity funds 13 Creditors: amounts falling due within one year	£ £ £ £ 444,620 444,620 444,620 444,620 - 11,116 196,706 173,385 196,706 184,501 780 720 195,926 183,781 640,546 628,401 640,546 628,401 640,546 628,401 31 December 2021 31 December 2020	£ £ £ £ 444,620 444,620 444,620 444,620 - 11,116 196,706 173,385 196,706 184,501 780 720 195,926 183,781 640,546 628,401 640,546 628,401 640,546 628,401 31 December 2021 31 December 2020
	£ - 196,706 196,706 780	£ 444,620
		444,620 183,781
		628,401
		628,401
		628,401

The financial statements were approved by the Board of Trustees on 24 October 2022 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 2021

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)	2021 £ (21,149) 44,470 44,470 23,321 173,385 196,706 2021 £ 12,145 - (44,470) 11,116 60 (21,149) 2021 £ 196,706 196,706	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

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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 2021

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 2021

1 Incoming resources

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

2 Net incoming resources


Net incoming resources Net incoming resources are stated after charging: Independent examiner's fees Trustees' emoluments	2021 £ 420 -	2020 £ 360
		-

Trustees' emoluments

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	Unrestricted £ 44,462 8 44,470 Unrestricted £ 30,000 1,807 420 98 32,325	Restricted £ - - - Restricted £ - - - - -	2021 Total £ 44,462 8 44,470 2021 Total £ 30,000 1,807 420 98 32,325	2020 Total £ 44,462 106
				44,568
				2020 Total £ 71,414 1,825 360 60
				73,659

5 Investments #N/A £ Market value As at 1 January 2021 - Additions - Disposals - Revaluations - As at 31 December 2021 - 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	Investment Property £ 444,620 - - - 444,620 2021 £ - - 2021 £ 115,044 81,662 196,706 2021 £ 780 780	Total £ 444,620 - - -
		444,620
		2020 £ 11,116
		11,116
		2020 £ 91,732 81,653
		173,385
		2020 £ 720
		720

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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 2021

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 £ 444,620 195,926
		640,546
		Closing balance £ 444,620 183,781
		628,401
		Closing balance £ 444,620
		444,620
		Closing balance £ 444,620
		444,620

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 - 196,706 (780) 195,926 General funds - 184,501 (720) 183,781	Designated funds £ 444,620 - - 444,620 Designated funds £ 444,620 - - 444,620	Restricted funds £ - - - - Restricted funds £ - - - -	Endowment funds £ - - - - Endowment funds £ - - - -	Total £ 444,620 196,706 (780)
					640,546
					Total £ 444,620 184,501 (720)
					628,401

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.

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F Christ Church Brixton Road Halls Trust

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

Notes to the Accounts

for the year ended 31 December 2021

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 2021 nor at 31 December 2020.

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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