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 2023
(A Charity governed by its constitution, charity number 802522)
Index to the Financial Statements for the year ended 31 December 2023
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 2023
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 - Chair |
| during the year: | Rotimi Meghoma FFA, FIPA, FCCA - Treasurer |
| Chester Holder - Secretary | |
| 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 2023
The Trustees of Christ Church Brixton Road Halls Trust present their report together with the financial statements for the year ended 31 December 2023.
In the year to December 2023 the trust generated a total income of £44,462 (2022: £44,462).
The total expenditure for the financial year was £2,716 (2022: £3,923).
At the year end the Trust achieved net surplus of £43,616 (2022: £40,971); 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
interest
Governan
1870
ce Costs
4%
420
15%
Wwe
4
Property 2296
income 2296
44462 85%
96%
----- End of picture text -----
At the end of the financial year, the Trust’s statement of finance position recorded net current assets of £280,513 (2022: £236,897) 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 £725,133 (2022: £681,517).
The trustees are in negotiation with the LCDA regarding a new lease of the trust’s halls.
The trustees 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
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 2023
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 16 October 2024 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 2023
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:
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a) Select suitable accounting policies and apply them consistently;
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b) Observe the methods and principles in the Charities SORP;
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c) Make judgements and estimates that are reasonable and prudent;
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d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
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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 2023 to 31 December 2023, 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:
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a) examine the accounts under section 145 of the 2011 Act;
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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
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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:
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l the accounting records were not kept in accordance with section 130 of the 2011 Act; or
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l the accounts did not accord with the accounting records; or
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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: 16 October 2024
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 2023
| 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 |
2023 2022 Total Funds Total Funds £ £ 46,332 44,894 46,332 44,894 2,716 3,923 2,716 3,923 43,616 40,971 681,517 640,546 725,133 681,517 |
||
|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
||
| £ 46,332 |
£ - |
||
| 46,332 | - | ||
| 2,716 | - | ||
| 2,716 | - | ||
| 43,616 681,517 |
- - |
||
| 725,133 | - |
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 2023
| 31 December 2023 | 31 December 2023 | 31 December 2023 | 31 December 2022 | 31 December 2022 | 31 December 2022 | ||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets: | |||||||
| Investments | 5 | 444,620 | 444,620 | ||||
| Total fixed assets | 444,620 | 444,620 | |||||
| Current assets: | |||||||
| Debtors | 6 | 11,115 | 22,231 | ||||
| Cash at bank and In hand | 7 | 270,237 | 215,086 | ||||
| Total current assets | 281,352 | 237,317 | |||||
| Creditors: amounts falling due within one year | 8 | 839 | 420 | ||||
| Net current assets | 280,513 | 236,897 | |||||
| Total net assets | 725,133 | 681,517 | |||||
| The funds of the charity: | |||||||
| Unrestricted funds | 11 | 725,133 | 681,517 | ||||
| Total charity funds | 13 | 725,133 | 681,517 |
The financial statements were approved by the Board of Trustees on 16 October 2024 and signed on its behalf by:
Rotimi Meghoma FFA, FIPA, FCCA Treasurer
The notes on pages 11 to 14 form part of these accounts.
Page 9
(A Charity governed by its constitution, charity number 802522)
Christ Church Brixton Road Halls Trust
Statement of Cash Flows for the year ended 31 December 2023
| 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) |
2023 £ 8,820 46,332 46,332 55,152 215,085 270,237 2023 £ 43,616 (46,332) 11,116 419 8,820 2023 £ 270,237 270,237 |
2022 £ (26,516) |
|---|---|---|
| 44,894 | ||
| 44,894 | ||
| 18,378 196,707 |
||
| 215,085 | ||
| 2022 £ 40,971 (44,894) (22,231) (360) |
||
| (26,516) | ||
| 2022 £ 215,085 |
||
| 215,085 |
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 2023
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)'.
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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);
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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 2023
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 |
2023 £ 420 - |
2022 £ 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 Legal & professional fees Independent examination fees Bank charges |
Unrestricted £ 44,462 1,870 46,332 Unrestricted £ 2,234 420 62 2,716 |
Restricted £ - - - Restricted £ - - - - |
2023 Total £ 44,462 1,870 46,332 2023 Total £ 2,234 420 62 2,716 |
2022 Total £ 44,462 432 |
|---|---|---|---|---|
| 44,894 | ||||
| 2022 Total £ 3,420 420 83 |
||||
| 3,923 |
| 5 Investments #N/A £ Market value As at 1 January 2023 - Additions - Disposals - Revaluations - As at 31 December 2023 - 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 2023 £ 11,115 11,115 2023 £ 186,724 83,513 270,237 2023 £ 839 839 |
Total £ 444,620 - - - |
|---|---|---|
| 444,620 | ||
| 2022 £ 22,231 |
||
| 22,231 | ||
| 2022 £ 133,112 81,974 |
||
| 215,086 | ||
| 2022 £ 420 |
||
| 420 |
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 2023
| 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 £ 444,620 236,897 681,517 Opening balance £ 444,620 208,071 652,691 Opening balance £ 444,620 444,620 Opening balance £ 444,620 444,620 |
Resources arising £ - 46,332 46,332 Resources arising £ - 44,894 44,894 Resources arising £ - - Resources arising £ - - |
Resources utilised £ - (2,716) (2,716) Resources utilised £ - (3,923) (3,923) Resources utilised £ - - Resources utilised £ - - |
Other movements £ - - - Other movements £ - - - Transfers & adjustments £ - - Transfers & adjustments £ - - |
Closing balance £ 444,620 280,513 |
|---|---|---|---|---|---|---|---|
| 725,133 | |||||||
| Closing balance £ 444,620 249,042 |
|||||||
| 693,662 | |||||||
| 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 - 281,353 (840) 280,513 General funds - 237,317 (420) 236,897 |
Designated funds £ 444,620 - - 444,620 Designated funds £ 444,620 - - 444,620 |
Restricted funds £ - - - - Restricted funds £ - - - - |
Endowment funds £ - - - - Endowment funds £ - - - - |
Total £ 444,620 281,353 (840) |
||
| 725,133 | |||||||
| Total £ 444,620 237,317 (420) |
|||||||
| 681,517 |
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 2023
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 2023 nor at 31 December 2022.
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