**REGISTERED CHARITY NUMBER: 1114216**
## REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
SAINT GABRIEL'S PARISH HOUSE TRUST
Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD
SAINT GABRIEL'S PARISH HOUSE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
||Page|
|---|---|
|Report of the Trustees|1 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7 to 8|
|Notes to the Financial Statements|9 to 15|
|Detailed Statement of Financial Activities|16|
SAINT GABRIEL'S PARISH HOUSE TRUST
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The charity's objectives, as stated in the Deed of 1900, are:
1. For the celebration of divine service in accordance with the rites and ceremonies of the Church of England.
2. As a hall or place of meeting for the recreation or instruction or otherwise for the use and benefit of the members of the Church of England resident in the ... parish ..... and such other persons as the trustees or trustee may from time to time either generally or in any particular case direct or permit.
3. As a place of meeting for district visitors or for any committee or societies or other bodies in the ...... parish which are connected with the Church of England or for meetings to be called in aid or for the benefit of any committee society object or cause connected with the Church of England.
4. As a place of meeting for any club guild society or institute wholly or mainly composed of members of the Church of England who belong to the labouring manufacturing or other poorer classes or as a gymnasium reading room billiard room or recreation room for their use.
5. As a class room meeting room reading room or lecture room for members of the Church of England or for classes for communicants or candidates for confirmation or otherwise for the religious or secular instruction of members of the Church of England.
6. As a lending library for the use of members of the Church of England.
7. As a kitchen or place for providing food or other relief for the necessitous poor or for providing food or refreshment for any persons who shall be upon the premises for or in connection with any of the purposes herein mentioned.
8. As a residence for a caretaker parish nurse mission woman or other worker in the ...... parish.....
9. For any other meetings or for any other objects, ends or purposes having in view the spiritual, intellectual, moral or social needs of members of the Church of England in the said ecclesiastical parish which may from time to time be approved either generally or in a particular case by the trustees......
Page 1
SAINT GABRIEL'S PARISH HOUSE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
St Gabriel's Parish House Trust was created in 1900 to provide a range of charitable services to the people of the parish of St Gabriel's church, Warwick Square, as set out in the Trust Deed. The Deed creates a functional permanent endowment, which means that the Trust achieves its objects by providing services in and through the Parish House building, which contains a suite of rooms and halls of various sizes, as well as a kitchen, lavatories and a caretaker's flat. The House is based on the Churchill Gardens estate in Pimlico. In 2011, the Charity Commission agreed a Scheme which made the Parochial Church Council (PCC) of St Gabriel's church the corporate Managing Trustee, and vested Custodian Trusteeship in the London Diocesan Fund (LDF). The members of the Managing Trustee (referred to for convenience as the Trustees in these accounts) work to ensure that the Parish House provides a range of services to the local community in line with the 1900 Deed.
These services include hiring out rooms at charitable rates to a range of organisations with charitable and community objects, including music, theatre and opera companies, and sporting organisations. The income provided by hirings is used to keep the building in good condition, and to pay for the provision of a range of other services at the House. These latter have in recent years included a community service "hub", which delivered in modern form many of the functions outlined in the 1900 Deed, including community advice and a foodbank. Hub services are currently suspended and under review following the interruption caused by the Covid-19 pandemic. In addition, St Gabriel's parish mission is based at and run from the Parish House, including youth work on the local estate. The Mission Priest is also based at the Parish House, as is St Gabriel's Parish Office.
The Trustees have also made the House available available as a base for a range of organisations whose own charitable objects are consistent with those of the Trust. These include the local Scouts, and the Pimlico Musical Foundation (PMF), an independent charity providing musical education to children in the area via weekly in-school teaching and termly concerts. It works in particular to help children whose circumstances exhibit some of the established marks of deprivation. The Trust provides the Foundation with office space at no cost.
## **Public benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on Public Benefit when reviewing the charity's aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. The principal public benefit achieved by the Trust is in the furtherance of the Anglican faith and education.
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees have adopted a reserves policy which is to hold a minimum of 6 months' expenditure in order to protect against foreseeable capital, income, and adverse event risks.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is unincorporated and controlled by its governing document which is a Conveyance dated 26 November 1900 as amended by a Scheme dated 6 October 1939 and another Scheme dated 22 November 2011. Under the latter Scheme the London Diocesan Fund is Custodian Trustee and the Parochial Church Council of the Ecclesiastical Parish ("the PCC") of St Gabriel's, Warwick Square, Pimlico, which is itself a registered charity (number 1133969) is Managing Trustee. The members of the PCC during the period are set out below.
Page 2
SAINT GABRIEL'S PARISH HOUSE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The charity was established in 1900 to hold the parish halls, at Churchill Gardens, for stated charitable purposes in connection with the local Church of England parish of St Gabriel's. The land and buildings are held as functional permanent endowment.
On appointment, trustees are provided with an induction pack and receive sufficient training to enable them to fulfil their duties as trustees.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1114216
**Principal address** Churchill Gardens London SW1V 3AA
## **Trustees**
O C Higgs J Farmer P Griffin (resigned 30.4.22) P Guinery V Michelet M Perry S Sklaroff D Morris (resigned 3.11.22) C Colvin A Hobbs P Lilley C Nichol A Hakonarson (appointed 3.4.22) R Smith (appointed 22.11.22)
## **Independent Examiner**
Guy Playfer BA FCA Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD
Page 3
SAINT GABRIEL'S PARISH HOUSE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
Approved by order of the board of trustees on 24 August 2023 and signed on its behalf by:
O C Higgs - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SAINT GABRIEL'S PARISH HOUSE TRUST
## **Independent examiner's report to the trustees of Saint Gabriel's Parish House Trust**
I report to the charity trustees on my examination of the accounts of Saint Gabriel's Parish House Trust (the Trust) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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 no concerns and 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.
Guy Playfer BA FCA
Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD
Date: .............................................
Page 5
SAINT GABRIEL'S PARISH HOUSE TRUST
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Letting Income
251,250
Other trading activities
2
7,800
Investment income
3
435
Other income
-
**Total**
259,485
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
223,435
**NET INCOME**
36,050
**RECONCILIATION OF FUNDS**
Total funds brought forward
678,280
**TOTAL FUNDS CARRIED FORWARD**
714,330|Restricted
fund
£
-
-
-
-
-
-
-
30,000
30,000|31.12.22
31.12.21
Total
Total
funds
funds
£
£
251,250
190,154
7,800
7,800
435
36
-
40
259,485
198,030
223,435
134,848
36,050
63,182
708,280
645,098
744,330
708,280|31.12.22
31.12.21
Total
Total
funds
funds
£
£
251,250
190,154
7,800
7,800
435
36
-
40
259,485
198,030
223,435
134,848
36,050
63,182
708,280
645,098
744,330
708,280|
|---|---|---|---|
||||198,030|
||||134,848|
||||63,182
645,098|
||||708,280|
The notes form part of these financial statements
Page 6
## SAINT GABRIEL'S PARISH HOUSE TRUST
## BALANCE SHEET 31 DECEMBER 2022
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
203,699
**CURRENT ASSETS**
Debtors
8
1,773
Cash at bank
530,295
532,068
**CREDITORS**
Amounts falling due within one year
9
(21,437)
**NET CURRENT ASSETS**
510,631
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
714,330
**NET ASSETS**
714,330|Restricted
fund
£
-
-
30,000
30,000
-
30,000
30,000
30,000|31.12.22
Total
funds
£
203,699
1,773
560,295
562,068
(21,437)
540,631
744,330
744,330|31.12.21
Total
funds
£
243,576
18,945
480,535
499,480
(34,776)
464,704
708,280
708,280|
|---|---|---|---|
The notes form part of these financial statements
continued...
Page 7
SAINT GABRIEL'S PARISH HOUSE TRUST
## BALANCE SHEET - continued 31 DECEMBER 2022
|**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|714,330
30,000
744,330|678,280
30,000|
|---|---|---|
|||708,280|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 August 2023 and were signed on its behalf by:
O C Higgs - Trustee
C Colvin - Trustee
The notes form part of these financial statements
Page 8
SAINT GABRIEL'S PARISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Whilst the PCC (registered charity number 1133969) is the collective trustee of St Gabriel's Parish House these accounts are not consolidated in the results and assets of the PCC on the basis that the PCC is unable to derive direct financial benefit from the assets held by St Gabriel's Parish House. The governing instrument of St Gabriel's Parish House means that, while the PCC is the collective trustee it has no controlling powers to decide how an asset of St Gabriel's Parish House is used or whether an asset can be sold and funds distributed. Under the Charities SORP where such severe long term restrictions exist the entity in question can be excluded from consilidation. Therefore, these accounts reflect the finances of St Gabriel's Parish House as a standalone entity.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost Fixtures and fittings - 10% on cost
No sum in respect of the original cost of the parish halls is included in the financial statements. The halls became the property of the charity in 1900 and no cost records are available. In the opinion of the trustees, any such sum would be immaterial in the context of the overall finances of the charity. This property constitutes a functional permanent endowment.
Additions to fixed assets, including major improvements to the parish halls are capitalised at cost if they are £5,000 or more.
continued...
Page 9
SAINT GABRIEL'S PARISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
## **1. ACCOUNTING POLICIES - continued**
## **TAXATION**
The charity is exempt from tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. OTHER TRADING ACTIVITIES**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Letting of excess capacity of buildings|7,800|7,800|
|**3.**|**INVESTMENT INCOME**|||
|||31.12.22|31.12.21|
|||£|£|
||Bank interest|435|36|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
continued...
Page 10
SAINT GABRIEL'S PARISH HOUSE TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
|**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Letting Income
190,154
-
Other trading activities
7,800
-
Investment income
36
-
Other income
40
-
**Total**
198,030
-
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
134,848
-
**NET INCOME**
63,182
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
615,098
30,000
**TOTAL FUNDS CARRIED FORWARD**
678,280
30,000|Total
funds
£
190,154
7,800
36
40|
|---|---|
||198,030|
||134,848|
||63,182
645,098|
||708,280|
## **6. INDEPENDENT EXAMINATION**
The cost of the independent examination in the year was £1,000 (2021 £950).
continued...
Page 11
SAINT GABRIEL'S PARISH HOUSE TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
|**7.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 January 2022
443,368
Additions
-
At 31 December 2022
443,368
**DEPRECIATION**
At 1 January 2022
199,792
Charge for year
44,337
At 31 December 2022
244,129
**NET BOOK VALUE**
At 31 December 2022
199,239
At 31 December 2021
243,576
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors|Fixtures
and
fittings
£
-
5,947
5,947
-
1,487
1,487
4,460
-
31.12.22
£
1,773|Totals
£
443,368
5,947|
|---|---|---|
|||449,315|
|||199,792
45,824|
|||245,616|
|||203,699|
|||243,576|
|||31.12.21
£
18,945|
continued...
Page 12
SAINT GABRIEL'S PARISH HOUSE TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
|**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**
Trade creditors
Taxation and social security
Other creditors
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Development Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|**YEAR**
At 1.1.22
£
678,280
30,000
708,280
Incoming
resources
£
259,485
259,485|31.12.22
31.12.21
£
£
1,649
1,709
12,331
13,850
7,457
19,217
21,437
34,776
Net
movement
At
in funds
31.12.22
£
£
36,050
714,330
-
30,000
36,050
744,330
Resources
Movement
expended
in funds
£
£
(223,435)
36,050
(223,435)
36,050|
|---|---|---|
continued...
Page 13
SAINT GABRIEL'S PARISH HOUSE TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
## **10. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.1.21
£
**Unrestricted funds**
General fund
615,098
**Restricted funds**
Development Fund
30,000
**TOTAL FUNDS**
645,098
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
198,030
**TOTAL FUNDS**
198,030|Net
movement
At
in funds
31.12.21
£
£
63,182
678,280
-
30,000
63,182
708,280
Resources
Movement
expended
in funds
£
£
(134,848)
63,182
(134,848)
63,182|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Development Fund
**TOTAL FUNDS**|At 1.1.21
£
615,098
30,000
645,098|Net
movement
in funds
£
99,232
-
99,232|At
31.12.22
£
714,330
30,000|
|---|---|---|---|
||||744,330|
continued...
Page 14
SAINT GABRIEL'S PARISH HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
457,515
457,515|Resources
Movement
expended
in funds
£
£
(358,283)
99,232
(358,283)
99,232|
|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
The Vicar and one other member of the PCC are trustees of Pimlico Musical Foundation (registered charity number 1163223). The charity permits the Foundation to use office space in its premises free of charge but the estimated value is not considered to be sufficiently material to either charity to require any adjustment to the financial statements. Apart from this and the reimbursement of any expenditure incurred by the charity on behalf of the Foundation there were no transactions between the charities during the year (2021 none).
Page 15
SAINT GABRIEL'S PARISH HOUSE TRUST
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Other trading activities**|||
|Letting of excess capacity of buildings|7,800|7,800|
|**Investment income**|||
|Bank interest|435|36|
|**Charitable activities**|||
|Letting of rooms|251,250|190,154|
|**Other income**|||
|No description|-|40|
|**Total incoming resources**|259,485|198,030|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages and Consultancy|126,884|30,876|
|Pensions|4,388|2,305|
|Insurance|2,893|2,492|
|Light and heat|9,975|8,175|
|Communication costs|511|597|
|Advertising|-|40|
|General administration costs|2,079|715|
|Maintenance|29,024|44,156|
|Depreciation of Improvements to property|44,337|44,337|
|Depreciation of Fixture & Fittings|1,487|-|
||221,578|133,693|
|**Support costs**|||
|**Governance costs**|||
|Accountancy and legal fees|1,857|1,155|
|Total resources expended|223,435|134,848|
|**Net income**|36,050|63,182|
This page does not form part of the statutory financial statements
Page 16