Charlty Reglstratlon No: 1166828 Parkway Gospel Hall Trust Report of the trustees and unaudlted flnanclal statements for the year ended 5th Aprll 2024
Parkway Gospel Hall Trust Contents Pages Reference and admlnlstrative detalls Report of the trustees Independent examlnerfs report ststement of financlal actlvltles Balance she8t 9.-13. Notes to th8 ftnanclal stataments
Parkway Gospel Hall Trust Reference and administrative detalls for the ear ended 5th A ril 2024 Charlty name: Parkway Gospel Hall Trust Reglstered charlty number: 1166828 Trustges: Mr SGott Anderson (Reslgned 30th January 2024) Mr Lee Carron (Chair) Mr Malcolm Kllbey Mr Nicholas J Knappett (Resigned 30th January 2024) Mr Rlchard Luke (Appolnted 30th January 2024) Mr Kalvln Prlsgrove (Appolntad 30th January 2024) Mr Dale Tennent Treasurer: Mr Lee Carron Prlnclpal address: The M88tlng Hall Old Glebe Femhurst Haslemere Surr8y GU27 3HS Independent examlnor: Jullan R8mmlngton 4cast Herltage House Woodslde Lane Bell Bar Herts. AL9 6DE Bankars: Lloyds Bank Haslemere Page 1
Parkway Gospel Hall Trust Report of the trustees for the year ended 5th Aprll 2024 The trustees prèsent thelr report along with the flnanclal statgments of the Ch8rfty for the yèar ended 5th Aprfl 2024. The financlal statements have been prepared In accordance wllh the accoUnng pollcl85 set out on pages 9 and 10 and comply wlh the Trust Deed and applicable law. Structur01 govemance and managemant Governlng documant Parkway Gospel Hall Trust Is an unlncorporat8d trust constltuted by Deed of Trust dated 25th October 1982, m05t recently amended by Deed of Varlallon dated 8th Augu812014. The Trust was reglstered wlth the Charfty Commlsslon for England and Wale8 on 29th April 2016 under Chaty Reglstratlon No. 1166828. Recrultmont and appoSntmènt of new tru8t•?8 Th8 Trustéés who have sèrvèd dudng th8 year and slnce the year end ar8 set out on page 1. None of th8 Trustees. nor any person connected wllh them. recelved any remuneratlon or 9xpensas from the Charlty In the year end8d 5 Aprll 2024 (2023.. £nS11. Th8 Trust operates four Gospel halls 8nd Trustees ar8 chosen from among th8 rogular congragatlon ol the halls. NÈW Trustees ar8 nomlnated by the exlstlno Trustegs or by the congregatlon and must b8 8ppolnled by unanlmous resolutlon of the congr8gatlon. They are selected accordlng to Ihelr skllls and experlgnce and ar8 exp8clgd to u88 both In furtherlng thé oblecl8 of thé Charfty. Checks ere made to ensure the Trust89s' ellglblllty to act and Incomlng Trustees ar8 madg awar8 of Ihelr responsSbllltle8 by the exlsllng Trustees, who ensure thet new Trustees read the Trust Deed and relevant Charlty Commlsslon guldance. Wldor network The TN8tee8 malnt8ln Infom81 Ilnks wlth Slmllar charltl88 th a v18W to poollng experlonco congldered useful In pursulng the obl8cts of Ihe Charlty. The Charlty malnt81ns p8rtlcular Ilnks wlth the South Downs Gospel Hall TnJ8t, wlh whlch It 8hare8 members of its congregatlon. Rlsk managament The Tw$tees have Identlfled and revlewed tha major rfsks to whlch the charity Is exposed and confirm that they hava establlshed 3ystem8 or procadure8 to manag8 8nd mllloate those dsks. ObJectlve8 and actlvltle8 ObJectlves and alm8 The trust ha3 the followtng charftable purposes: The charitable purposes of the Charity are the advancement of th8 Chrlsllan rellglon for the publ1¢ beneflt, Including by the carrylng on of Ihe sorvlce of God In accordance wtlh the Old and New Testaments of the Holy Blble as followed by those Chrfstlans forming part of the wodd-wde fellowshlp known as th8 Plymouth Brethren Christian Church (the 'Brethren") and any other charltable purposes connected with Brethren. The core doctrine of the Brethren and prop6r pr8Ctlces In furtherance of certaln aspects of doctrÈn8 are summarfsed in schedules to Ihe Trust Deed. Page 2
Parkway Gospel Hall Trust Report of the trustees for th8 year ended 5th Aprll 2024 Publlc bèneflt The Trustees confim that they have complied with Ihelr duty und8r section 4 of thé Charltles Act 2011 to have due regard to Ihe Charity Commlsslon's general guldance to charilles on publlc benefit. Maln a¢tlvltlas and achl•v6ments The Trust provldes and malnlalns Gospel halls Ythere rellglous meetings ar8 held by the local Brethren community. D8talls of th8 origlns, te8chlngs and way of Ilfe of th8 Brethren e2n be found on the website- ww.plymouthbrelhren¢hristlanchurch.org 8nd In the 8chedules to the Trust Dead. Plans for futura perlods Th8 Trust plans to contlnue all the current actlvllles. Meotlng$ Maetlngs held at the gospel halls Include tha Lord's Suppar (Communlon), Gosp61 preachlngs, Blblè readlngs and Blblè addre688s. Thara Is a Structured we8kly Schedule of meetlngs and, dependlng on th8 partlcular m88llng, betwe8n 50 and 300 people nomially attend these occaslong. The meellngs are attended by th8 regular congregallon and m051 ar8 open to other prop8rly dlsposed vlsllors. The notlc8 board oulslde th8 Hall welcomes vlsltors 8nd dlsplays the tlmes of Gospel preachlngs, along wlth a t818phone number for those seeklng further Informatlon or help. Gospel Iracls, whlch are dlstrlbuted by street preacher8, also dlsp18y thls Informallon. Blbles and an extenslve range of other Chrf8tlan readlng mal8rl81 are on dlsplay at tho hall and vlsltors are free to help themselves. Spr•adlng tho Go8po1 m•88ago and th• Ilfo of a Chrl8tlan Th6 Gospel hall Is a base from whlch the regular congregallon and other8 who attend the meetlngs aro encouraged to spread tho Chrfsllan Gospel, In word and deed. Members of the congregatlon partlclpate In a programme of street preachlng and Gospel tracts are provlded free of ch8rg8 by the Charfty to such pre8¢hers to be handed out lo Interested members of the publlc. In carrying out thls work, the congregation conslders itself to be Ilvlng out Its fallh in pracllce. as partlculariy exemplified In the following extract from the schedule to the Trust Dead on Ilvlng a Chrisllan life.. We seek and are encouraged lo Ilve exemplary Ilves In all our relatlonshlps wlth others In the widar community (including former 8r8threnl, In accordance wth the toachlngs of Holy Scrfpture (1 Tim 2.2) We r8gularly go out from our homès to preach on the streets, to distribute Chrtstlan literature and engage with th8 der ¢ommunlty (Including fomier Brethren) in order to present etemal salvallon, available to all men by faith In Jesus Christ.12 TIM 4.2). We seek as mèmbers of the publlc to lead Christian Ilves as husbands and wives, parents. hildren, employers, employees end n8ighbours. {Col 3.22-25, Col 4'.1). P8g8 3
Parkway Gospel Hall Trust Report of the trustees for the yaar ended 5th Aprll 2024 Sproadlng the Gospel message and the Ilfe of a Chrlstlan contd. The pres8lVatlon and prolectlon of th8 famlly unlt13 fvndamental and chlldren are prlzed as b16sslng from God. (Psalm 127'.3-51. The elderfy are valued membets of the comrnunity, for whom both thelr famlly and the der communlty ara exp8cl8d to care. Holy Scrlpture comm8nd$ us to be good nelghbours to others. and deal wllh all other P80ple (including former Brethren) openly, hon8Stly and falrty and consistent Wtlh theso prlnclpl8s, we should glve our timo, talents and money lo asslst th058 In need In the ¥pAder communlty, In 80 far as reasonable glven our abllltles and our avallable re$ource8. (Matt 7'.12, Matt 22.39, Eph 4.28). Fundlng Fundlng Is sought through glfts from the congregatlon and Glft Ald 1$ clalmad on ellglbl8 donallon8. Fundlng18 sometlmes recelvad from other charllable tiusls th complementary obl&¢llve8. Flnanclal rovlew Flnanclal posltlon In th8 year ended 5th Aprll 2024 the Tru81 had a deflcll of Incomlng re80urcb8 over r8sources exp8ndgd. Th15 deflclt18 du8 lo depreclatlon1.9. 8 non mon8tary Item. Total voluntary Incomo r6celved th18 y&8rwas £ 51,027 and £ 27.599 In the prevlou8 year. All funds held were unrestrfc18d fund8. Re89rvo8 polley The Tru3188s have con8ld8r8d the level of roserves they w15h to r8laln, approprfate lo the charftls needs, b89ed on Its 81ze and th818vel of Its flnanclal commltm8nl8. Tho Trust h8$ no employees 8nd Ils regular outgolngs are mlnlmal. Accordlngly, the Trustee8 havo de¢lded lo adopt a pollcy of malntslnlng no slgnlflcant reserves. The congregallon Is kept regularfy Informed a$ to partlcular nged8 for funds, and other relev8nt matters and Ihe Trustees alm to ensure that the Charlty wlll b8 able lo conllnue lo fulfil Its charltsble oblecllves even If Ihere Is a temporary shortfall In Income or unexpected expandllure, by r818lng a fund8 appeal to the conggatIOn. Frae reserves at the year end were £ 44912023 £nlll . Any 8hortfall wlll be met by donat8d 8eNl¢es Income from The South Downs Gospel Hall Trust Page 4
Parkway Gospel Hall Trust Report of the trustees for the year ended 5th Aprll 2024 statement of trusteas, responslbllltlos The trusteès ar8 responslble for preparing the Report of the Trustees and tha finan¢lal slatéments In accordance with appllcable law and United Klngdom Accountlng Standards Iunlted Klngdom Genèrally Accepted Accounllng Practice). The law applicable to charitles In England & Wales requlres the trustees to prepare financlal sla18m8nts for each flnancial year which give a true and falr vlew of tha state of affalrs of the charlty and of the incoming re$ourc8s and applicalSon of resources of the charity for that period. In preparing these financlal $tatem&nts, the trustees are requlred to: select sullable accounllng pollcl8s and then apply them conslstently; bl observe the methods and prfnclples In the Charfty SORP (FRS 102)., make Judgements and e8tlmal8s that are reasonable and pNdent; d) 8ts1e whelher appllcable accounllng stsnderds have bean followed, subject to any materfal departures dlsclosed and explalned In tha flnancl81 statements., prepare the flnanclal statements on tha golng concem bas18 unle88 It Is Inappropdata to presume that the charity wlll conllnue In operallon. Thg tru81ee8 are respon8Sble for keeplng propar accauntlng records that dlscloso wlth reB8onabl8 accuracy at any tlme thg flnanclal posltlon of th& char5ty and enabl8 th8m lo ensure that the financlal slalements comply wllh the Charitles Act 2011, the Charill&s (Accounts and Reports) R8gulatlons 2008 and the provSslon8 of th8 Irusl deed. They are 8180 responslble for Safeguardlng th8 assets of Ihe charity and hence for laklng reasonable steps for the prevéntlon and delectlon of fraud and oth8r Irregul8rltle8. All trans8cllons have been revlawèd and approved by trustees. On behalf of the board: 11 Leec Date Page 5
Parkway Gospel Hall Trust INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS Report to the trustees of Parkway Gospel Hall Trust on the financlal ststements for the year ended 5th Aprll 2024 set out on pages 7 to 12. Respectlva r8sponslbllStles of trustees and examlner The chariV$ trustees ere responsible for tha preparatlon of the accounts in apxordance with the requirements of the Charities Act 2011 ('the ACV). I report in re8pe¢t 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 Direclions given by the Charity Commisslon under sectlon 145(51{b) ofthe Act. Basls of Independent examlner's statement My ex8mination was carried out in accordance wlth the General Directions given by the Charity Commi8sion. An examln8tion Snclude8 8 review of the 8ccounting records kept by the charity and a comparison of the accounts pr8sent6d with those records, It also includes conslderation of any unusu81 items or disclosures In the accounls, and seeklng 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 eudlt, and consequently no opinlon18 olven as to whether the accounts presenl a 'true and falr vlew, and the report is limited to those matters set out in the statements below. Ind8p&ndent ex8mlner'8 8tst8ment I have completed my examln811on. I confirm th8l no mater181 matters have come lo my attentlon in connection with th8 8xamlnatlon gSvlng me cause to believe that Sn any rnaterial r8spect'. Accounting records were not kept in respect of the Trust as required by sectlon 130 of the Act,. or. The accounts do not accord wllh th08e records. or The account3 do not comply wllh the applicable requirements concerning the fom and content of accounts set out in the Charities (Accounts and Report81 Regulations 2008 other than any requirement that Ihe accounts give a 'tru6 and fair view whl¢h 1$ not a matter considered as part of an Independent examlnatlon. I have no concerns and have come whl ion should n In ccounls to eached, ross no other matters In connection with the axamlnatlon to rt in order to enable a proper understanding of the Signed: i.>( Name: Julian mmington 4cast, Heritage House, Woodside Lana. Bell Bar, Herts. ALS 6DE Page 6
Parkway GosPo1 Hall Trust Statement of finan¢lal aetlvltlos Iln¢ludlng Income and exp•ndlturn accounti for the ar ortdod 5th rll 2024 Unrnstrlcled R?strfCt Totsl Funds Fund• Funds 2024 Total Fund• 2023 NOTES Incomlng and •ndowmonts from.. gonatlonJ and l•ga¢l•s: Coll8cllons ContrSbuUons frorn tho congrogatlon Glft donallons 0th8r donaliong Inrne lax rofunds Oonated servlce8 Payroll glvln9 Gronts recèlved Logocles receIved Inv••lm•nt Incom• and Inler••t Bgnk Intere81 Othor In¢om• Sundry S1,027 51,027 27,599 Totsl 61.027 51,027 27,603 Exp•ndllur• on: Charft•bl4 •ctlvltlei RunnSnu ol rn881Sng hall8 Wlder communlty outreach COBI ol donated seNl¢e$ TransferB lo Irusl8 th congruonl oblgcuves Olh8r cogts 76,816 300 75.815 300 $4,299 300 Gov•m•nc• Computer Cost8 Legal & profe5Blon81 co818 Independent Exarnlnerfi lo Bank ¢hargo8 440 440 860 330 800 Othor PronVLosB on 8810 of ossets Total 77,215 77,215 55,529 Not In¢omoll•xp•ndltur•} 26,188 26,188 27,928 G•ln•l{lo•u•l on r•¥•lu•tlon of flx•d •i••t• Net mgv•m•nt In fund• 26,188 28.188 27,926 Reconelllatlon of fundj Funds al 6th Aprfl 2023 1,224,084 1,224,084 1,2S2,010 Tot•1 funds at 5th Aprtl 2024 1,197,898 1,197,896 1,224.084 The notes on pages 9 to 13 form part of these finan¢i81 $18lemants. All ofthe abovè advitieg are ¢189s8d as conunulng and lh¥ ara no galns and kjsses 0th8r than thosa Included Bbove. Pagg 7
Parkway Gospel Hall Trust Bolan¢o Sheet As at 5th rll 2024 2024 2023 NOTES Flxed ossets Tanglble ft¥ed aBBet8 1,197,448 1.224,687 1,197,448 1,224,887 Curr•nt 4Ji•ts Debtors.. Prep8yments & accrued Incom¢ CB8h 81 bank and In hand 1,459 17 17 1,478 885 Current Il•bllltlo$ Crodllor8.' emount8 fjlllng du• wllhln one year.. Oth&r ¢r8dllor8 Accru?18 and doferr•d Income 1,027 1,568 1,027 1,568 N•t ¢urr•nt 118•t• 449 603 Total 4•1ots l••• ¢urr•nt Iloblllll•• 1,197,897 1,224,084 Credltor8'. amount8 fBlllng dug 9ftgr morg than ono yegr Not •B••ts 1.197,897 1,224.084 Fund• Unr981rfcled fund8 R881rl¢lod fundo 1,197,897 1,224,084 Total Fund• 1,197,897 1,224,084 Tho unaudltsd llnanclal 8taltrments were •pprov¢d Ind ouLhorfsed for188ue by the Trus18•8 of Parla¥ay Gospel Hall Tru81 on i? I CA 125 2nd 81gned on Ihelr bgholl by arro Trust The notes on pau*s 9 to 13 form part of th8se ftnanclal $tatem8nts Page 8
Parkway Gospel Hall Trust D•tslled statement ol finan¢lal actlvttl•s Notss to the accounts ltsr thè éar ènded 5th rll 2024 1. Ac¢ounllng pollcles 1.1 Basls of finanelal st816ments The financlal s18lemonts hav& been prepared In attordance th Accountlng and R8porUng by Charflles: Second adldon of the Statèm&nl ol Re¢ornrnended Practlca appllcablè to ch8rtfje8 pwporlng thelr accounis In Bccordance wllh thè Flngn¢lg1 Reporting Standard applSc8blo In tho UK and Republlc of Iréland IFRS 1021 Issued In October 2019. the FSnancSal Reporting Standard appllcabte In the Unlled Klngdom and R8publlG ol Ir?tsnd (FRS 1021, and UK General A¢¢gptgd PracUce. Tha fundonal curroncy of th• ¢horfty18 8t8rflng {£}. The Tru81 meets the deflnluon of a publlc benafil enuty under FRS 102. Assels and 118bllltles ire Inlllally reco9n18ed al hl$lorl¢81 cost or tran8actlon value unl•$s othgrwlsa Slated In Iha relevant o¢counllng poll¢y nolel$l. 1.2 InrAimo Dona08 are recognlsod In the year In whlch ther& Is an1ment and probjblllty of rèetlpl and th& amount can b• moasured th roasonabla cartalnty. Incom• 5$ only dglerr8d whan thè charfty has lo fuKIl ¢ondrtlon$ bafora btscomlng entluad toll or whero Ihg donor has spaclfled that the Incom• Is lo be r4xp&nded In a futurè year. GKI ald18 added to th¢ value of the donallon lo whlch11 rel8le$. Donated $orvlaa8 arè rècognlsed as Inrn• and axpendllum In the flnancl81 stal•m•nt$ wh8n org8nlsallon8 or IndlvSduals offer thelr 6•rvSc4¥ and support pro bono. Th• v8luo ol IheB8 donated 8ervlcey to P3rtw•y Gospel Hall T81 18 consldorod lo bè U81 lo market vglue whSch would b& pald were tho sorv1 fomally procured. Thls IncludeN 8ervlc08 pald lor by other tnjsis. Inv•8tmenl Incom818 a¢nted for on a recefvablo b•sli. 1.3 Expèndllur• Exp8ndltur8 18 Includgd on an accruals b8818. LlablllU9s arn racognlsod a8 Boon 88 Ihgra ID a lagal or con$tNctlv• ob1598tlon commlttlng th• chgrlly ¢0 pay out ré8ourco8. Charftablo actlvlllas ¢tsmprl80 th099 ¢09ts dlreclly Attrfbutable lo Iho lulnlmanl of Iho chartlable obl8¢ts. 1,4 Gov•rn&ncg and support ¢oJt8 Support C08ts nomarlly Jr• allocated be••n govgmaneo costs and olher $upport cojts. Govomenco co8ts cornprf8tr 811 cos15 Snvolvlng th& publlc accounlablllty ol tha charfty and cost8 rn181od io $1glulory rnqylraments. AA Ihero 8r• no 81aff or offlGeJ thè Tru61ees havg p9regd lo allocate all Such Gost8 lo Governance costs. 1,5 Tonglblfr flxod asso18 and d•pr•cl8llon T8ngSblo flxed 8889ts Ico8Un9 more than £1501 ere $lal•d al c05t le8s deprocl8llcn. Frnehold 18nd Is not depr•dg1gd. DeprecSallon 18 provlded 91 ral9¥ Gplcul8led lo wrlle off the c081, le68 081Smal8d r9s1dual value, 01 oach 488gt over expecl•d uB8ful Itlè as follows.. 8ulldln9 rolurblshmenls Flxture8 and Equlprnpnl 2%. Slrelghl Ilne methtsd 10%- strah1 Ilne mglhod 1.8 Taxallon The Tru8111 a reglstered ch8rfty 8nd18 not118blo lo Unltod Klngdom Income or ¢orplTrrA0n thx on ¢harft8blo 8¢tlvllle8, provld•d Income falls wlthln th• charftable exemplon5 8nd18 spent on charttabl• purp0588, 1.7 Funds The gengral unrestrl¢lad fvnd Is fr80 th• Trusleos Io usa for any purpo988 In furthoran¢e of tha trust's ¢harStablè objects. Reslri¢tgd funds adBe from ¢Jon8tSons lo the tru81 whlch arg made far 8 8pe¢lfic purwo. Restrlcted funds can onty bè u3ed for thg purpose for whS¢h fvnds ware glven. 1.8 Preparation of nSOl1d818d financ181 sl8tamBnts The Charity do&s not have a trading subsldSary and there is no requlrem8nl to prepare con801Sdaled accounts 1.9 Golng concem Th6 Tnjstees con$ld8r that thare are no Material unrtaInO$ about the chariV3 abilty to eonttnue as a golng ¢oncem. Pago 9
Parkway Gosp•l H411 Trust Detall•d statsment of finanolal actItIes Notes to thè a¢counts for th• ar ondod 5th rll 2024 l. Accountlng poll¢le$ ntd. 1.10 Slgnlffcant estTrroles and Judgements The Irusleg$ do not consldgr that there are ony 8Cture88 01 esllmallon unG8rtalnty 81 th8 reporung d819 that havo a 81gnlficanl rlsk of couslng 8 m8lerS81 adluslrngnl lo the carrylng amounts of assets and IlablllU&8 wllhln the ngxi reportlng pgrf0d. 2. Trusto•8' remun•ratlgn and 0xn No Trustees recelved any remunerauon or olhtsr beneflts from an employment wh th& charfty and no Trustees were relmburBgd lor expen8e812023.' Non&). 3. Wageo and fjalarf•i There aro no employBe8 {2023.' nono). 4. Donated 8errfle•• Ineom• 2024 2023 South Down8 Go8F•I Noll Tru81 51,027 27.599 51.027 27,599 Exp•ndltur• 2024 2023 Oth•r chorltobl• 4cllvltlo1 Moatlng room• O. R••our¢•• oxp•nd•d Runnlnu ot m••tTng halljj 2024 2023 R•palr8 #nd malnl*nance of plant and buSldlngi GTound8 maSnl•nan¢g Molnl8nanca- R•cordlng equlpmenl Equlpmenl hlro Llghl and heBI Water rale8 Telophong & broadbgnd gt hell{8) InJuranc& Publlc Ilablllty Cleanlng Legal and profe881onal Sundry Ogprgclatlon. Froehcld property Oepr•claUon- FI%r•S and equlpment 28,697 8,527 26,697 8,527 B.099 8,367 708 4,$82 854 5,606 830 0,808 830 1,718 1,718 1,429 1,524 3,478 28,444 795 1.524 3,478 28,444 795 3,221 28,444 795 75,815 7S,815 54,299 Page 10
Parkwthy Gospel Hall Trust Detalled statement of flnanclal actlvltlos Notes to the a¢¢ounts lor th• ar endgd 5th rll 2024 6. Tanglblo flxed assets Frèèhold Flxturns & Propertf 8nd Equlpm¢nt R•fuTblshm•nt Toial Cost Al 6th Aprfl 2023 Dlsposals Addluons 1,322,198 7,953 1,330,151 Al Sth Aprfl 2024 1,322,198 7,953 1,330,151 D•pr•elaUon Al 6th Aprll 2023 Dl8pos81$ harga for ihg ar 99,899 5.585 105,464 26,444 795 27,239 Al 5th Aprtl 2024 Nel Book Value Al Slh Aprfl 2024 126,343 6,360 132,703 1,195,85S 1,593 1,197,448 At 6th Aprtl 2023 1,222,289 2,388 1,224,687 ' Lfjnd Rèolgty rnumbars are,. WSX 118787, WSX 187099, SH84311SH298821SH38030 and HP5829801HP582983 7. AnalyAl• ol n•t 4•i•t• botwo•n fund• Unr••trf¢t•d fund• R••trlct•d fund• T¢tsl fund• 7.1 Cunvnl fjr T8nglbl8 flxèd 88s018 Curr?nl 9$8et8 Currenl118bllltlas Long term118bllitl&g 1,197,448 1,478 1,027 1,197,448 1,478 1,027 Totsl fund• 1,197,897 1,197,897 7.2 Prfory84r Unrn•trlct•d R••trlct•d fundj fund• Tolal lund• TanGlble fixad a888t8 Currents a558ts Cvrrenl Ilabllltlts8 Long tem IlJbStlU88 1,224,887 985 1,568 1,224.687 1,588 Total funds 1,224,084 1.224.084 Pag811
Parkway Go$p•l H411 Tru8t Dotslled Statement of Itnanclal aGtJvltl88 Notes to thè accounts tor tho ar ended 5th rll 2024 8. Movement In funds 8.1 Gunvnlye?r Realls•dl unreall8¢d g•ln and Ios8 Balance at Aprll In¢omlnq 2023 r•80ur¢gJ R•8ourc•$ oxponded Balance at S Aprll 2024 Rostrlcted fund• Fund Unr•8trktod lunds 1,224,084 51,027 77,215 1,197.898 T4)tsl fund• 1,224,084 61,027 77,216 1,197,896 8.2 Prlorye8r Re•ll8•dl unr••ll¥ed galn and 6 Aprll In¢omlng 2022 rgMourco• R•8ourc•i •xpend•d 8•l•nc¢ It S Aprll 2023 Ro•trf#tod fund* Fund Unr941rfcted fund8 1,252,010 27.e03 55,629 1,224,084 Total fund• 1,262,010 27,603 65,520 1,224,084 8. Tr•ni•¢tlon8 wlth r•l•t•d p•rtl•• There were no reLqted paty Iron•aGUons In tho y08r lo Slh Aprfl 202412023 £ nlll. 10. Volunlwr• Parkwoy GoBp•l HDII Tru81 ro1193 •nUrely on v¢lunt•gr• lo cary out th• m4n4gemenl, adrnlnl8traUon and general maSnlon8nc& work. Tho Tru81 has no p8ld 8t8ff or pald Tru8lees. Pago 12
Parkway Gospel Hall Trust Detslled statemènt of ftnanclal actlvltlgs Notes to thg a¢¢ounts for the ar ended 5th rll 2024 11. Full ¢omparlBon of Statoment of Flnanclal Acti11•$ Unr•¥trl¢t•d R•strl¢t8d T¢tsl Fund• Fund8 Fund• Incomlng r••ourc•• CollecUon8 Conldbuuons from the ngregaon GLI donauons Other donauons Income tax refund8 Donaied 8ervlcg0 Payroll 9Ing Gran15 recalved Lggacle8 rècelvgd Invojtment Sncomo Ind Int•r••t Bank ITilere$l Oth•r In¢om• Sundry 27,599 27,599 Total 27,603 27,603 Expondltur• on: Chirltablo actlvltl•• Runnlng of meallng hall• Wlder cornrnunlly oulreaGh CoBt of don8led BeICe8 Tran8f8rB lo trusts wSlh congnjenl oblgcUv88 Olhar cos $4,299 300 64,299 300 G0Mone• Computer costs Legal & prolesglonal c08th Indapandgnl ExamlTherfi fle Bank ch8rg08 330 800 330 800 Oth•r ProflVLosJ on •ale ol a8$ets Totsl 55,529 6S,529 Not In¢om•ll•xpgndllur•} 27,928 27,928 GBln8lllo¥Bo81 on revaluatkn of flxed agsets N•t mov•ment In fundi 27,926 27,926 R•con¢lllatlon of lund Totsl funds brought forward 1,252,010 1,252,010 Totsl fundi urrl•d forward 1,224,084 1,224,084 Page 13