Annual Report and Financial Statements for the Year Ended 31 July 2021
The Parkside Evangelical Trust
Charity registration number: 1119811
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Bosham West Sussex PO18 8NF
THE PARKSIDE EVANGELICAL TRUST
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 17 |
THE PARKSIDE EVANGELICAL TRUST
Reference and Administrative Details
Trustees Malcolm Hyde Julia Blanchett (resigned 31 March 2021) Nina Mills David Nickless Principal Office 1 St Flora's Road Littlehampton West Sussex BN17 6BD Charity Registration 1119811 Number Independent Examiner Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Bosham West Sussex PO18 8NF
Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Page 1
THE PARKSIDE EVANGELICAL TRUST
Trustees' Report
The Trustees present the annual report together with the financial statements of the charity for the year ended 31 July 2021.
Structure, governance and management
Nature of governing document
The Trust was started by a Deed of Trust dated 5 May 1972. In June 2007 the Church was registered with the Charity Commisssion and a new Trust Deed dated 10 November 2006 was adopted.
The principal object of the charity is to operate Parkside Evangelical Church as an independent evangelical church in Littlehampton, West Sussex.
Recruitment and appointment of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Organisational structure
The Trustees are the employers of staff members. The day-to-day management and running of the Trust was delegated to the Pastor and the Elders of the Church. The Trustees met four times during the year. The Elders met on a regular basis to discuss the ongoing life and work of the Church.
The practical matters relating to the Church were delegated to a Team of Deacons who have the responsibility for maintaining and supervising the use of the Church buildings.
The responsibility for the spiritual life of the Church is vested in the Pastor and Elders.
Risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Objectives and activities
Objects and aims
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To advance the cause of the Christian faith both in this country and abroad. This involves supporting those engaged in mission locally, nationally and internationally, either as individuals or working with organisations.
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To provide help and support, spiritually, financially and emotionally to those in need, whether in the Church or in the local community.
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To make the premises available, at the discretion of the Elders, to other organisations in the community.
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To arrange services and events for all age groups - these will have a varied content, which may include spiritual, educational or recreational.
Page 2
THE PARKSIDE EVANGELICAL TRUST
Trustees' Report
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Review of activities
In accordance with the guidelines for the Advancement of Religion for the Public Benefit, the Church engaged in a wide variety of activities, both within the Church, working with other Churches and in the wider community.
The Pastor Rory McClure is now in his ninth year of ministry. There has been challenging, consecutive Bible teaching throughout the year and this continued via excellent YouTube services recorded and posted online by the Pastor and distributed via DVD and CD to some older members who do not have Internet access. The members have continued their work in the church and in the community using Zoom, social media, visiting when allowed and telephone calls. The church was able to begin meeting again on the 4th October 2020 with hand sanitising on entry and mask wearing and social distancing measures in place. No singing was allowed but worship continued with recorded songs and displayed on screen lyrics. Details of people attending were recorded and a booking system was operated. When restrictions were lifted two 40 minute services were arranged, one at 10am and the other at 11.15. The first single 10.30 Service took place on the 25th July after all Covid restrictions were lifted on the !9th.July.There were no recorded incidents of Covid being transmitted during any of these services. Financial support for this work has consolidated over the year but we are using some reserves to meet our requirements. The Trustees have not had to furlough the Pastor or the Administrator during any of the 'lockdown' period.
Encouragement in the practice of the Christian faith
During the year existing Church members have been encouraged in the practice of the Christian faith through regular services when permitted under restrictions. The main services have been held on Sundays. The morning services have attracted a wide age range of people. The average combined attendance has been between 40 to 50 each week for the two services. There were no evening services during Covid restrictions.
Home Groups also form part of the process of encouraging people in the Christian faith. During the Covid restrictions Homegroups and Prayer meetings have taken place on Zoom and via social media.
Seeking new followers
One of the ways to advance the Christian faith is to engage in sharing that faith with people of different faiths or none. The posting of our services on YouTube resulted in more than double the normal attendance on a Sunday morning logging in to watch. Those subscribing to the Pastors postings number over 400 and include viewers from Scotland, USA and Colombia.
Page 3
THE PARKSIDE EVANGELICAL TRUST
Trustees' Report
Missionary and outreach work
During the year members of the Church have been able to maintain contact with missionaries from different places and involved in varied ministries. Church members kept informed about these ministries as they too organised Zoom conferences and meetings.
In August, a summer camp in conjunction with other local Churches for children aged 9-11 from local primary schools normally held at Lodge Hill campsite was a non residential day activity week due to Covid restrictions.
Church members through the churches funds made donations to the Operation Romania Trust, the Prison Fellowship, the Gideon's, London City Mission, Slavic Gospel Association, Mediaserve, Tearfund, Release International, Wycliffe Bible Translation and local charities Turning Tides Homeless project, Christians Against Poverty and the Littlehampton Food Bank. The church supported all these financially.
The church continues to work with the Littlehampton Churches Together group.
The church is a member of the Sussex Gospel Partnership which offers Bible based training courses and conferences for church leaders and members across Sussex.
The church continues to be a member of the Evangelical Alliance.
Pastoral Care
During the year the pastoral care of Church members has continued to be a priority throughout the Pandemic and ‘lockdowns’. Some home visits were possible, but care home and hospital visits were not allowed. Regular phone calls, helping with practical issues when needed, bereavement support and counselling continued. The Church has been able to help members in a number of ways, for example, financial matters, and links with the local authority and supporting families in the community. The church is continuing to try and support those that are in great need especially during the Covid restrictions and lockdown.
Use of the buildings
The buildings continued to be used by the Pre-School who operated every day of the week during the lockdown for children of essential workers. Slimming World was able to meet on the premises when allowed to do so as a Business. These two organisations have maintained their valuable contribution to the local community.
The following groups were suspended due to Covid lockdown:
The Arcade Knitters, Littlehampton Flower group and the Beaumont Flower group and the Littlehampton WI.
All these groups would normally be open to members of the local community.
It is clear from the above report that Parkside Church Trust has demonstrated during the year ending 31st July 2021 that their work in the advancement of the Christian faith has been for the public benefit.
Page 4
THE PARKSIDE EVANGELICAL TRUST
Trustees' Report
Financial review
The principal funding of the Church is provided by members donations which are given under Gift Aid whenever possible. Income in the year decreased by £40,985 to £71,639, as last year's increase of £40,623 was largley due to a bequest of £38,048. Gain on investments amounted to £678 (2020 - £2,605). Expenditure has increased in the year by £1,929 to £85,098. The deficit for the year amounts to £12,781 (2020 - surplus £32,060) and the reserves to carry forward amount to £487,991.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees 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.
The annual report was approved by the Trustees of the charity on 13 January 2022 and signed on its behalf by:
......................................... ......................................... Malcolm Hyde David Nickless Trustee Trustee
Page 5
THE PARKSIDE EVANGELICAL TRUST
Independent Examiner's Report to the trustees of The Parkside Evangelical Trust
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 July 2021 which are set out on pages 7 to 17.
Respective responsibilities of Trustees and examiner
As the charity’s Trustees of The Parkside Evangelical 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 The Parkside Evangelical Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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:
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accounting records were not kept in respect of The Parkside Evangelical Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
...................................... G W Schulz ACMA
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Bosham West Sussex PO18 8NF
13 January 2022
Page 6
THE PARKSIDE EVANGELICAL TRUST
Statement of Financial Activities for the Year Ended 31 July 2021
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 54,381 Investment income 5 Other income 3 16,995 Total income 71,381 Expenditure on: Charitable activities 4 84,840 Total expenditure 84,840 Gains/losses on investment assets (678) Net (expenditure)/income (12,781) Net movement in funds (12,781) Reconciliation of funds Total funds brought forward 500,772 Total funds carried forward 12 487,991 |
Restricted funds £ 258 - - 258 258 258 - - - - - |
Total 2021 £ 54,639 5 16,995 71,639 85,098 85,098 (678) (12,781) (12,781) 500,772 487,991 |
Total 2020 £ 96,702 66 15,856 |
|---|---|---|---|
| 112,624 | |||
| 83,169 | |||
| 83,169 | |||
| (2,605) | |||
| 32,060 | |||
| 32,060 468,712 |
|||
| 500,772 |
The notes on pages 9 to 17 form an integral part of these financial statements. Page 7
THE PARKSIDE EVANGELICAL TRUST
Balance Sheet as at 31 July 2021
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Investments Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 12 |
2021 £ 356,793 2,486 81,232 49,671 133,389 (2,191) 131,198 487,991 487,991 487,991 |
2020 £ 364,065 3,836 80,554 55,197 |
|---|---|---|
| 139,587 (2,880) |
||
| 136,707 | ||
| 500,772 | ||
| 500,772 | ||
| 500,772 |
The financial statements on pages 7 to 17 were approved by the Trustees, and authorised for issue on 13 January 2022 and signed on their behalf by:
......................................... ......................................... Malcolm Hyde David Nickless Trustee Trustee
The notes on pages 9 to 17 form an integral part of these financial statements. Page 8
THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with 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)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Parkside Evangelical Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Page 9
THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Land and buildings | 2% on cost |
| Building improvments and fixtures | 2% on cost |
| Furniture and equipment | 20% on cost |
Current asset investments
Current asset investments are included at the lower of cost and net realisable value / market value.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 10
THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Donations and legacies; Donations Legacies |
Unrestricted funds General £ 54,381 - 54,381 |
Restricted funds £ 258 - 258 |
Total 2021 £ 54,639 - 54,639 |
Total 2020 £ 58,654 38,048 |
|---|---|---|---|---|
| 96,702 |
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THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
3 Other income
| Unrestricted funds General £ Rental income 16,995 |
Total 2021 £ 16,995 |
Total 2020 £ 15,856 |
|---|---|---|
4 Expenditure on charitable activities
| Note Events and activities costs Worship and book expenses Gifts to speakers Youth and children's work Outreach Catering Advertising Telephone and internet Repairs and maintenance Utilities Insurance Printing and stationery Financial services Independent examination Depreciation, amortisation and other similar costs Grant funding of activities 5 Staff costs 7 |
Unrestricted funds General £ - 676 - - 583 - 290 593 12,744 4,173 2,843 1,267 362 1,380 11,509 6,320 42,100 84,840 |
Restricted funds £ - - - - - - - - - - - - - - - 258 - 258 |
Total 2021 £ - 676 - - 583 - 290 593 12,744 4,173 2,843 1,267 362 1,380 11,509 6,578 42,100 85,098 |
Total 2020 £ 152 774 200 213 599 258 427 862 8,190 3,541 2,637 1,422 294 1,380 10,097 8,910 43,213 |
|---|---|---|---|---|
| 83,169 |
Page 12
THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
5 Grant-making
Analysis of grants
| Grants paid | Grants to institutions 2021 £ 2020 £ 5,983 7,130 |
Grants to individuals 2021 £ 2020 £ 595 1,780 |
|---|---|---|
6 Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.
7 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2021 £ 41,244 21 835 42,100 |
2020 £ 41,954 427 832 |
|---|---|---|
| 43,213 |
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2021 | 2020 | |||
|---|---|---|---|---|
| No | No | |||
| Staff | 2 | 2 |
No employee received emoluments of more than £60,000 during the year
Page 13
THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
8 Tangible fixed assets
| Cost At 1 August 2020 Additions At 31 July 2021 Depreciation At 1 August 2020 Charge for the year At 31 July 2021 Net book value At 31 July 2021 At 31 July 2020 |
Land and buildings £ 400,000 - 400,000 48,000 8,000 56,000 344,000 352,000 |
Furniture and equipment £ 8,905 - 8,905 1,781 1,781 3,562 5,343 7,124 |
Computer equipment £ Building improvements and fixtures £ Total £ - 15,797 424,702 4,237 - 4,237 4,237 15,797 428,939 - 10,856 60,637 1,412 316 11,509 1,412 11,172 72,146 2,825 4,625 356,793 - 4,941 364,065 |
Computer equipment £ Building improvements and fixtures £ Total £ - 15,797 424,702 4,237 - 4,237 4,237 15,797 428,939 - 10,856 60,637 1,412 316 11,509 1,412 11,172 72,146 2,825 4,625 356,793 - 4,941 364,065 |
|---|---|---|---|---|
| 428,939 | ||||
| 60,637 11,509 |
||||
| 72,146 | ||||
| 356,793 | ||||
| 364,065 |
The Church revalued its freehold property many years ago and has elected to use this valuation as the deemed cost of the property under the transitional provisions for the adoption of Charities SORP FRS102. The Church building in St Flora's Road, Littlehampton is included at a value of £340,000, and the Church cottage is shown at it's valuation of £60,000.
9 Debtors
| Prepayments Accrued income |
2021 £ 2,148 338 2,486 |
2020 £ 2,067 1,769 |
|---|---|---|
| 3,836 |
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THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
10 Creditors: amounts falling due within one year
| 10 Creditors: amounts falling due within one year | ||
|---|---|---|
| Other taxation and social security Accruals |
2021 £ 583 1,608 2,191 |
2020 £ 584 2,296 |
| 2,880 |
11 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £835 (2020 - £832).
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THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
12 Funds
| Unrestricted funds General General Funds Restricted funds Specific gifts fund Total funds Unrestricted funds General General Funds Restricted funds Building fund Specific gifts fund Total funds |
Balance at 1 August 2020 £ 500,772 - 500,772 Balance at 1 August 2019 £ 468,712 - - - 468,712 |
Incoming resources £ 72,059 258 72,317 Incoming resources £ 112,876 763 1,590 2,353 115,229 |
Resources expended £ (84,840) (258) (85,098) Resources expended £ (80,816) (763) (1,590) (2,353) (83,169) |
Balance at 31 July 2021 £ 487,991 - |
|---|---|---|---|---|
| 487,991 | ||||
| Balance at 31 July 2020 £ 500,772 - - |
||||
| - | ||||
| 500,772 |
Page 16
THE PARKSIDE EVANGELICAL TRUST
Notes to the Financial Statements for the Year Ended 31 July 2021
13 Analysis of net assets between funds
| 13 Analysis of net assets between funds | ||
|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 356,793 133,389 (2,191) 487,991 Unrestricted funds General £ 364,065 139,587 (2,880) 500,772 |
Total funds at 31 July 2021 £ 356,793 133,389 (2,191) |
| 487,991 | ||
| Total funds at 31 July 2020 £ 364,065 139,587 (2,880) |
||
| 500,772 |
Page 17