_**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 2022**
**(A Charity governed by its constitution, charity number 802522)**
**Index to the Financial Statements for the year ended 31 December 2022**
## 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**|
Page 2
**(A Charity governed by its constitution, charity number 802522)**
## AT **Christ Church Brixton Road Halls Trust**
## **Charity Information**
## **for the year ended 31 December 2022**
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**|Rev Hugo Federico Adan Fernandez|- Appointed 2 November 2022|
|**during the year:**|Rotimi Meghoma FFA, FIPA, FCCA||
||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||
Page 3
## AT **Christ Church Brixton Road Halls Trust**
## **(A Charity governed by its constitution, charity number 802522)**
## **Trustees' Report for the year ended 31 December 2022**
The Trustees of Christ Church Brixton Road Halls Trust present their report together with the financial statements for the year ended 31 December 2022.
In the year to December 2022 the trust generated a total income of £44,462 (2021: £44,462).
The total expenditure for the financial year was £3,923 (2021: £32,325).
At the year end the Trust achieved net surplus of £40,971 (2021: £12,145); 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:
## **Income**
**----- Start of picture text -----**
Expenditure
**----- End of picture text -----**
At the end of the financial year, the Trust’s statement of finance position recorded net current assets of £236,897 (2021: £195,926) 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 £681,517 (2021: £640,546).
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.
## **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.
Page 4
**(A Charity governed by its constitution, charity number 802522)**
## AT **Christ Church Brixton Road Halls Trust**
## **Trustees' Report for the year ended 31 December 2022**
## **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 26 October 2023 and signed on its behalf by:
## **Rotimi Meghoma FFA, FIPA, FCCA Treasurer**
Page 5
**(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 2022**
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.
Page 6
**(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 2022 to 31 December 2022, 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: 26 October 2023
Page 7
**(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 2022**
|**Notes**
**Income from:**
Investments
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net income/(expenditure) and movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|||**2022**
**2021**
**Total Funds**
**Total Funds**
£
£
44,894
44,470
**44,894**
**44,470**
3,923
32,325
**3,923**
**32,325**
40,971
12,145
640,546
628,401
**681,517**
**640,546**|
|---|---|---|---|
||**Unrestricted**
**Funds**|**Restricted**
**Funds**||
||£
44,894|£
-||
||**44,894**|**-**||
||3,923|-||
||**3,923**|**-**||
|||||
||40,971
640,546|-
-||
||**681,517**|**-**||
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.
Page 8
**(A Charity governed by its constitution, charity number 802522)**
## **Christ Church Brixton Road Halls Trust**
## **Statement of Financial Position as at 31 December 2022**
|**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
22,231
-
215,086
196,706
237,317
196,706
420
780
236,897
195,926
681,517
640,546
681,517
640,546
681,517
640,546
**31 December 2022**
**31 December 2021**|£
£
£
£
444,620
444,620
444,620
444,620
22,231
-
215,086
196,706
237,317
196,706
420
780
236,897
195,926
681,517
640,546
681,517
640,546
681,517
640,546
**31 December 2022**
**31 December 2021**|
|---|---|---|
||£
22,231
215,086
237,317
420|£
444,620|
|||444,620
195,926|
|||640,546|
|||640,546|
|||640,546|
**The financial statements were approved by the Board of Trustees on 26 October 2023 and signed on its behalf by:**
**Rotimi Meghoma FFA, FIPA, FCCA Trustee**
_**The notes on pages 11 to 14 form part of these accounts.**_
Page 9
## **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 2022**
|**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:**
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)|**2022**
£
(26,514)
44,894
44,894
18,380
196,706
**215,086**
**2022**
£
40,971
(44,894)
(22,231)
(360)
**(26,514)**
**2022**
£
215,086
**215,086**|**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**|
Page 10
**(A Charity governed by its constitution, charity number 802522)**
## **Christ Church Brixton Road Halls Trust**
## **Accounting Policies for the year ended 31 December 2022**
## **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 (2021: £444,620).
Page 11
**(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 2022**
## **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**|**2022**
£
420
-|**2021**
£
420|
|||-|
## **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
432
44,894
**Unrestricted**
£
-
3,420
420
83
3,923|**Restricted**
£
-
-
-
**Restricted**
£
-
-
-
-
-|**2022**
**Total**
£
44,462
432
44,894
**2022**
**Total**
£
-
3,420
420
83
3,923|**2021**
**Total**
£
44,462
8|
|---|---|---|---|---|
|||||44,470|
|||||**2021**
**Total**
£
30,000
1,807
420
98|
|||||32,325|
|**5**
**Investments**
**#N/A**
£
**Market value**
As at 1 January 2022
-
Additions
-
Disposals
-
Revaluations
-
As at 31 December 2022
-
**6**
**Debtors: amounts falling due within one year**
Accrued rental income
**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
**2022**
£
22,231
22,231
**2022**
£
133,112
81,974
215,086
**2022**
£
420
420|**Total**
£
444,620
-
-
-|
|---|---|---|
|||444,620|
|||**2021**
£
-|
|||-|
|||**2021**
£
115,044
81,662|
|||196,706|
|||**2021**
£
780|
|||780|
Page 12
**(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 2022**
|**9**
**10 **
**11 **
**12 **
**13 **
**14 **|**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|**Opening**
**balance**
£
444,620
195,926
640,546
**Opening**
**balance**
£
444,620
183,781
628,401
**Opening**
**balance**
£
444,620
444,620
**Opening**
**balance**
£
444,620
444,620|**Resources**
**arising**
£
-
44,894
44,894
**Resources**
**arising**
£
-
44,470
44,470
**Resources**
**arising**
£
-
-
**Resources**
**arising**
£
-
-|**Resources**
**utilised**
£
-
(3,923)
(3,923)
**Resources**
**utilised**
£
-
(32,325)
(32,325)
**Resources**
**utilised**
£
-
-
**Resources**
**utilised**
£
-
-|**Other**
**movements**
£
-
-
-
**Other**
**movements**
£
-
-
-
**Transfers &**
**adjustments**
£
-
-
**Transfers &**
**adjustments**
£
-
-|**Closing**
**balance**
£
444,620
236,897|
|---|---|---|---|---|---|---|---|
||||||||681,517|
||||||||**Closing**
**balance**
£
444,620
195,926|
||||||||640,546|
||||||||**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.||||||
||**Net assets attributable to funds : current year**
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds
**Net assets attributable to funds : prior year**
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds||**General**
**funds**
-
237,317
(420)
236,897
**General**
**funds**
-
196,706
(780)
195,926|**Designated**
**funds**
£
444,620
-
-
444,620
**Designated**
**funds**
£
444,620
-
-
444,620|**Restricted**
**funds**
£
-
-
-
-
**Restricted**
**funds**
£
-
-
-
-|**Endowment**
**funds**
£
-
-
-
-
**Endowment**
**funds**
£
-
-
-
-|**Total**
£
444,620
237,317
(420)|
||||||||681,517|
||||||||**Total**
£
444,620
196,706
(780)|
||||||||640,546|
## **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.
Page 13
## 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 2022**
## **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 2022 nor at 31 December 2021.
## **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.
Page 14