The directors present their annual report and financial statements for the year ended 31 December 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)”
The charity's objects are to maintain, repair, restore, preserve, improve and reconstruct, for the benefit of the public, the fabric of the Parish Church of St Kyneburgha of Castor.
The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
There is a surplus of income over expenditure in the year of £10,207 (2024 - £9,668).
The directors seek to raise funds through fundraising events and grant applications. As there are no ongoing costs to run the charity, no fixed level of reserves is required, but the directors regularly review the level of funds against potential projects and decide whether to allow funds to grow in order to finance larger projects, or spend the money immediately on smaller projects.
The directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The charity is a company limited by guarantee governed by its Memorandum and Articles of Association. Members have guaranteed to contribute £1 in the event of a winding up.
The directors who served during the year were:
The existing directors have the authority to recruit and appoint other trustees. None of the directors have any beneficial interest in the company. One-third of the trustees, must retire each annual general meeting, with those longest in office retiring first. Those directors due for retirement may offer themselves for re-election.
The intention of the charity is to help share the burden of the PCC of St Kyneburgha's Church in respect of the property.
In relation to the financial statements set out on pages 4 to 10:
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgments underlying them. They have been prepared on the going concern basis on the grounds that the charity will continue in operation.
The directors confirm that they have made available all the charity's accounting records and provided all the information necessary for the compilation of the financial statements.
The directors confirm that to the best of their knowledge and belief, the accounting records reflect all transactions of the charity for the year ended 31 December 2025.
The directors acknowledge their responsibilities under the Companies Act 2006.
The directors' report was approved by the Board of Directors.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Kyneburgha Building Preservation Trust for the year ended 31 December 2025, set out on pages to 10 from the charity’s accounting records and from information and explanations you have given us.
This report is made to the charity's directors, as a body, in accordance with the terms of our engagement letter dated 7 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of St Kyneburgha Building Preservation Trust and state those matters that we have agreed to state to the charity's directors, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at icaew.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Kyneburgha Building Preservation Trust and the charity's directors as a body, for our work or for this report.
It is your duty to ensure that St Kyneburgha Building Preservation Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of St Kyneburgha Building Preservation Trust. You consider that St Kyneburgha Building Preservation Trust is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of St Kyneburgha Building Preservation Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
St Kyneburgha Building Preservation Trust is a company limited by guarantee incorporated in England and Wales. The registered office is Stocks Hill House, Stocks Hill, Castor, Peterborough, PE5 7AZ, United Kingdom.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the directors for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
All income is accounted for when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the fees and costs linked to the strategic management of the charity.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial assets classified as other financial assets are stated at fair value with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
In the application of the charity’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Unrestricted funds
Unrestricted funds
Events
Repairs to church
Accountancy
None of the directors (or any persons connected with them) received any remuneration during the year, none were reimbursed any expenses (2024 - none).
The average monthly number of employees during the year was:
The company is a registered charity and as such, for taxation purposes, is entitled to exemption from United Kingdom taxation under section 505 of the Income and Corporation Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992.
There were no disclosable related party transactions during the year (2024 - none).
No one individual has overall control of the charitable company.