OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-04-05-accounts

Charity Registration No: 1166828

Parkway Gospel Hall Trust

Report of the trustees and unaudited financial statements for the year ended 5th April 2023

Parkway Gospel Hall Trust Contents

Pages

1. Reference and administrative details
2.-5. Report of the trustees
6. Independent examiner's report
7. Statement of financial activities
8. Balance sheet
9.-13. Notes to the financial statements

Parkway Gospel Hall Trust Reference and administrative details for the year ended 5th April 2023

Charity name: Parkway Gospel Hall Trust
Registered charity number: 1166828
Trustees: Mr Scott Anderson
Mr Lee Carron
Mr Nicholas J Knappett (Chair)
Mr Malcolm Kilbey
Mr Dale Tennent
Treasurer: Mr Nicholas J Knappett
Principal address: The Meeting Hall
Old Glebe
Fernhurst
Haslemere
Surrey
GU27 3HS
Independent examiner: Julian Remmington
4cast
Heritage House
Woodside Lane
Bell Bar
Herts.
AL9 6DE
Bankers: Lloyds Bank
Haslemere

Page 1

Parkway Gospel Hall Trust

Report of the trustees for the year ended 5th April 2023

The trustees present their report along with the financial statements of the Charity for the year ended 5th April 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 and 10 and comply with the Trust Deed and applicable law.

Structure, governance and management

Governing document

Parkway Gospel Hall Trust is an unincorporated trust constituted by Deed of Trust dated 25th October 1982, most recently amended by Deed of Variation dated 8th August 2014. The Trust was registered with the Charity Commission for England and Wales on 29th April 2016 under Charity Registration No. 1166828.

Recruitment and appointment of new trustees

The Trustees who have served during the year and since the year end are set out on page 1. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2023 (2022: £nil).

The Trust operates four Gospel halls and Trustees are chosen from among the regular congregation of the halls. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to their skills and experience and are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees’ eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.

Wider network

The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The Charity maintains particular links with the South Downs Gospel Hall Trust, with which it shares members of its congregation.

Risk management

The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established systems or procedures to manage and mitigate those risks.

Objectives and activities

Objectives and aims

The trust has the following charitable purposes:

The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed.

Page 2

Parkway Gospel Hall Trust

Report of the trustees for the year ended 5th April 2023

Public benefit

The Trustees confirm that they have complied with their duty under section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance to charities on public benefit.

Main activities and achievements

The Trust provides and maintains Gospel halls where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

Plans for future periods

The Trust plans to continue all the current activities.

Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern.

Meetings

Meetings held at the gospel halls include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 50 and 300 people normally attend these occasions.

The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preachers, also display this information.

Bibles and an extensive range of other Christian reading material are on display at the hall and visitors are free to help themselves.

Spreading the Gospel message and the life of a Christian

The Gospel hall is a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed.

Members of the congregation participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.

In carrying out this work, the congregation considers itself to be living out its faith in practice, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life:

  1. We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community (including former Brethren), in accordance with the teachings of Holy Scripture (1 Tim 2:2)

  2. We regularly go out from our homes to preach on the streets, to distribute Christian literature and engage with the wider community (including former Brethren) in order to present eternal salvation, available to all men by faith in Jesus Christ. (2 Tim 4:2).

  3. We seek as members of the public to lead Christian lives as husbands and wives, parents, children, employers, employees and neighbours. (Col 3:22-25, Col 4:1).

Page 3

Parkway Gospel Hall Trust

Report of the trustees for the year ended 5th April 2023

Spreading the Gospel message and the life of a Christian contd.

  1. The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127:3-5). The elderly are valued members of the community, for whom both their family and the wider community are expected to care.

  2. Holy Scripture commands us to be good neighbours to others, and deal with all other people (including former Brethren) openly, honestly and fairly and consistent with these principles, we should give our time, talents and money to assist those in need in the wider community, in so far as reasonable given our abilities and our available resources. (Matt 7:12, Matt 22:39, Eph 4:28).

Funding

Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donations. Funding is sometimes received from other charitable trusts with complementary objectives.

Financial review

Financial position

In the year ended 5th April 2023 the Trust had a deficit of incoming resources over resources expended. This deficit is due to depreciation i.e. a non monetary item. Total voluntary income received this year was £ 27,599 and £ 861,890 in the previous year.

All funds held were unrestricted funds.

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reserves. The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and the Trustees aim to ensure that the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal to the congregation.

Free reserves at the year end were £ 0 . Any shortfall will be met by donated services income from The South Downs Gospel Hall Trust

Page 4

Parkway Gospel Hall Trust

Report of the trustees for the year ended 5th April 2023

Statement of trustees' responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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:

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 Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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. All transactions have been reviewed and approved by two trustees.

On behalf of the board:

Nicholas J Knappett

Date

Page 5

Parkway Gospel Hall Trust

INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS

Report to the trustees of Parkway Gospel Hall Trust on the financial statements for the year ended 5th April 2023 set out on pages 7 to 12.

Respective responsibilities of trustees and examiner

The charity's trustees 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 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.

Basis of independent examiner's statement

My examination was carried out in accordance with the 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 of explanations from you as 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 statements below.

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:

  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.

Signed: Date:

Name: Julian Remmington

4cast, Heritage House, Woodside Lane, Bell Bar, Herts. AL9 6DE

Page 6

Parkway Gospel Hall Trust Statement of financial activities (including income and expenditure account) for the year ended 5th April 2023

NOTES
Incoming and endowments from:
Donations and legacies:
Collections
Contributions from the congregation
Gift Aid donations
Other donations
Income tax refunds
Donated services
4.
Payroll giving
Grants received
5.
Legacies received
Investment income and interest
Bank interest
Other income
Sundry
Total
Expenditure on:
Charitable activities
Running of meeting halls
6.
Wider community outreach
Cost of donated services
4.
Transfers to trusts with congruent objectives
Other costs
Governance
Computer costs
Legal & professional costs
Independent Examiner's fee
Bank charges
Other
Profit/Loss on sale of assets
Total
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Funds at 6th April 2022
Total funds at 5th April 2023
8.		 Unrestricted
Funds
£
-
-
-
-
-
27,599
-
-
-
-
4
27,603
54,299
300
-
-
-
-
330
600
-
-
55,529
27,926
-
-
27,926
-
1,252,010
1,224,084		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2023
£
-
-
-
-
-
27,599
-
-
-
-
4
27,603
54,299
300
-
-
-
-
330
600
-
-
55,529
27,926
-
-
27,926
-
1,252,010
1,224,084		 Total Funds
2022
£
-
-
-
-
-
9,259
-
852,631
-
-
-
861,890
35,093
300
-
-
-
-
441
816
-
-
36,650
825,240
-
825,240
426,770
1,252,010

The notes on pages 9 to 13 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.

Page 7

Parkway Gospel Hall Trust Balance sheet As at 5th April 2023

NOTES
Fixed assets
Tangible fixed assets
7.
Current assets
Debtors:
Prepayments & accrued income
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year:
Other creditors
Accruals and deferred income
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
Net assets
Funds
Unrestricted funds
Restricted funds
Total Funds
9.		 2023
£
£
1,224,687
1,224,687
948
17
965
-
1,568
1,568
603
-
1,224,084
-
£
1,224,084
1,224,084
-
£
1,224,084		 2022
£
£
1,251,926
1,251,926
929
13
942
-
858
858
84
1,252,010
-
£
1,252,010
1,252,010
-
£
1,252,010		 2022
£
£
1,251,926
1,251,926
929
13
942
-
858
858
84
1,252,010
-
£
1,252,010
1,252,010
-
£
1,252,010
1,251,926
84
1,252,010
-
1,252,010
1,252,010
-
1,252,010

The unaudited financial statements were approved and authorised for issue by the Trustees of Parkway Gospel Hall Trust on / / and signed on their behalf by

Nicholas J Knappett Trustee

The notes on pages 9 to 13 form part of these financial statements

Page 8

Parkway Gospel Hall Trust Detailed statement of financial activities Notes to the accounts for the year ended 5th April 2023

1. Accounting policies

1.1 Basis of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Second edition of the 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and UK Generally Accepted Practice.

The functional currency of the charity is sterling (£).

The 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 note(s).

1.2 Income

Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates.

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Parkway Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

1.3 Expenditure

Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable activities comprise those costs directly attributable to the fulfilment of the charitable objects.

Support costs normarily are allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. As there are no staff or offices the Trustees have agreed to allocate all such costs to Governance costs.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £150) are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Building refurbishments 2% - Straight line method Fixtures and Equipment 10%- Straight line method

1.6 Taxation

The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes.

1.7 Funds

The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust’s charitable objects.

Restricted funds arise from donations to the trust which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.

1.8 Preparation of consolidated financial statements

The Charity does not have a trading subsidiary and there is no requirement to prepare consolidated accounts

1.9 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Page 9

Parkway Gospel Hall Trust Detailed statement of financial activities Notes to the accounts for the year ended 5th April 2023

1. Accounting policies contd.

1.10 Significant estimates and judgements

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

2. Trustees' remuneration and expenses

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2022: None).

3. Wages and salaries

There are no employees (2022: none).

4. Donated services

Income

South Downs Gospel Hall Trust

Expenditure

5. Grants received

South Downs Gospel Hall Trust

2023
£
27,599
27,599
2023
£
-
-
2023
£
-
-		 2022
£
9,259
9,259
2022
£
-
-
2022
£
852,631
852,631
6.
Resources expended
Running of meeting halls
Repairs and maintenance of plant and buildings
Grounds maintenance
Maintenance- Recording equipment
Equipment hire
Light and heat
Water rates
Telephone & broadband at hall(s)
Insurance- Public liability
Cleaning
Legal and professional
Sundry
Depreciation- Freehold property
Depreciation- Fixtures and equipment		 Meeting
rooms
£
8,099
8,367
-
708
4,582
654
-
1,429
-
3,221
-
26,444
795
54,299		 Other
charitable
activities
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
£
8,099
8,367
-
708
4,582
654
-
1,429
-
3,221
-
26,444
795
54,299		 2022
£
2,121
2,583
-
-
1,933
337
-
879
-
-
-
26,445
795
35,093

Page 10

Parkway Gospel Hall Trust Detailed statement of financial activities Notes to the accounts for the year ended 5th April 2023

7. Tangible fixed assets

7.1
Freehold
Property* and
Refurbishment
£
Cost
At 6th April 2022
1,322,198
Disposals
-
Additions
-
At 5th April 2023
1,322,198
Depreciation
At 6th April 2022
73,455
Disposals
-
Charge for the year
26,444
At 5th April 2023
99,899
Net Book Value
At 5th April 2023
1,222,299
At 6th April 2022
1,248,743		 Fixtures &
Equipment
£
7,953
-
-
7,953
4,770
-
795
5,565
2,388
3,183		 Total
£
1,330,151
-
-
1,330,151
78,225
-
27,239
105,464
1,224,687
1,251,926

8. Analysis of net assets between funds

8.
Analysis of net assets between funds
Unrestricted
8.1 Current year
funds
£
Tangible fixed assets
1,224,687
Current assets
965
Current liabilities
1,568
Long term liabilities
-
Total funds
1,224,084
8.2 Prior year
Unrestricted
funds
£
Tangible fixed assets
1,251,926
Currents assets
942
Current liabilities
858
Long term liabilities
-
Total funds
1,252,010		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-		 Total
funds
£
1,224,687
965
1,568
-
1,224,084
Total
funds
£
1,251,926
942
858
-
1,252,010

Page 11

Parkway Gospel Hall Trust Detailed statement of financial activities Notes to the accounts for the year ended 5th April 2023

9. Movement in funds

9.2 Prior year

Restricted funds
Fund
Unrestricted funds
Total funds
Restricted funds
Fund
Unrestricted funds
Total funds		 Balance at
6 April
2022
£
-
-
1,252,010
1,252,010
Balance at
6 April
2021
£
-
-
426,770
426,770		 Incoming
resources
£
-
-
27,603
27,603
Incoming
resources
£
-
-
861,890
861,890		 Resources
expended
£
-
-
55,529
55,529
Resources
expended
£
-
-
36,650
36,650		 Realised/
unrealised
gain and
losses
£
-
-
-
-
Realised/
unrealised
gain and
losses
£
-
-
-
-		 Balance at 5
April 2023
£
-
-
1,224,084
1,224,084
Balance at 5
April 2022
£
-
-
1,252,010
1,252,010

10. Transactions with related parties

There were no related party transactions in the year to 5th April 2023 (2022 £ nil).

11. Volunteers

Parkway Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

Page 12

Parkway Gospel Hall Trust Detailed statement of financial activities Notes to the accounts for the year ended 5th April 2023

12. Full comparison of Statement of Financial Activities

Incoming resources
Collections
Contributions from the congregation
Gift Aid donations
Other donations
Income tax refunds
Donated services
Payroll giving
Grants received
Legacies received
Investment income and interest
Bank interest
Other income
Total
Expenditure on:
Charitable activities
Running of meeting halls
Wider community outreach
Cost of donated services
Transfers to trusts with congruent objectives
Other costs
Governance
Computer costs
Legal & professional costs
Independent Examiner's fee
Bank charges
Other
Profit/Loss on sale of assets
Total
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
-
-
-
-
-
9,259
-
852,631
-
-
861,890
35,093
300
-
-
-
-
441
816
-
-
36,650
825,240
-
825,240
-
426,770
1,252,010		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
£
£
-
-
-
-
-
9,259
-
852,631
-
-
-
861,890
35,093
300
-
-
-
-
441
816
-
-
36,650
825,240
-
825,240
-
426,770
1,252,010

Page 13