Priors Park Community Church
Charity No. 1173483
Company No.
Trustee's Report and Unaudited Accounts
31 December 2022
Trustees’ Annual Report for the period
From (start date) 0 1 0 1 2 2 to (end date) 3 1 1 2 2 2
Section A
Reference and administration details
Charity name
Priors Park Community Church
Other names the charity is known by Priors Park Chapel
Registered charity number (if any) 1173843 Charity’s principal address 203 Queens Road
Tewkesbury
Postcode[G L ] 2 0 5 E Y
Names of the charity trustees who manage the charity
Name of person (or body) Dates acted if not for entitled to appoint whole year trustee (if any)
-
Trustee Name Office (if any) whole year
-
1 Nigel Haddow Secretary 2 Jacqueline Haddow Treasurer 3 Stacey Green 4 Dawn Parr 5 Matthew Green 01/01/22 – 30/09/22 6 Robert Gamston 26/11/22 – 31/12/22 7 Claire Gamston 26/11/22 – 31/12/22 8 William O’Leary
9
10
11
12 13
14 15 16
17 18 19 20
Names of the trustees for the charity, if any (for example, any custodian trustees)
Name
Dates acted if not for whole year
TAR
March 2012
1
Section A
Reference and administration details (continued)
Names and addresses of advisers (optional information)
Type of adviser Name Address Name of chief executive or names of senior staff members (optional information) Section B Structure, governance and management Description of the charity’s trusts Type of governing document ~~Constitution Foundation dated 20[th] June 2017~~ (eg trust deed, constitution How the charity is constituted Charitable Incorporated Organisation (eg trust, association, company) Trustee selection methods Appointed by Existing Trustees (eg appointed by, elected by)
Additional governance issues (optional information
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
-
In July, the church was led by God towards four missions:-
-
“No Child should be allowed to go hungry” – We decided to open a free Breakfast Club during school Holidays starting with the summer holiday and continuing again through the October half term holiday. We obtained a grant from the Local Authority to pursue this end.
-
To open a Café to serve free and low cost meals for those struggling with the cost-of-living crisis. We obtained a grant of £15,000 from the Fellowship of Independent Churches to enable us to move towards complete kitchen refurbishment.
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To employ two childrens’ workers to enable the youth and childrens’ work to expand and link in with the local schools. No money has yet been provided to enable us to move this forward.
-
To hold a year of mission in 2023 to be able to reach out better into the community. We obtained a grant of £10,000 from the Fellowship of Independent Churches to enable us to book Roses Theatre and a Christian events organizer to progress this mission.
Priors Park Community Hub group continued to serve the local community mainly helping families with gas and electricity costs and working alongside the Tewkesbury Foodbank to supply food.
On 8[th] May, we baptized three members of the community and welcomed them into church membership. In the summer also we baptized a local man in the River Severn and welcomed him into the church.
On 20th August we held the wedding of Christopher Jones and Tarrie Peters.
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March 2012
Section C
Objectives and activities
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Summary of the objects of the charity set
To advance the Christian faith, in accordance with the statements of
out in its governing document
belief appearing in the schedule "statement of faith", for the benefit
of the public in the Priors Park, Tewkesbury and the surrounding area,
in particular but not exclusively, for the provision of opportunity for
prayer, worship, teaching, fellowship, communion, the public
celebration of Christian festivals and evangelism to enlighten others
about the Christian faith, and the provision of pastoral care to the
community.
Summary of the main activities Sunday Afternoon Worship, Fellowship Group, Curious Course, Ladies
undertaken for the public benefit in relation
Bible Study, Marriage Course, Community Space for other Community
to these objects (include within this section
the statutory declaration that trustees have Groups, Community Hub for helping the poor in the community,
had regard to the guidance issued by the Lighthouse Club for children, Little Treasures and Little Gems for
Charity Commission on public benefit) parents and toddlers, Xtreme Youth Group
Additional details of objectives and activities
(optional information)
You may choose to include further
statements, where relevant, about: We also made several grant applications to raise funds running
• policy on grantmaking; Breakfast Club, Mission events and opening a Community Cafe
• policy programme related investment;
• contribution made by volunteers.
Section D Achievements and performance
Summary of the main achievements of the Priors Park Community Church continued to support many in the
charity during the year community who are suffering with low self-esteem and mental health
problems.
One of the highlights was the Christmas Day Dinner we provided for
any who were alone and struggling. We had food and drinks for 34
local residents and had a Christmas Quiz and Party Games. Each one
went home with a food hamper.
It was such a privilege to be able to start the Breakfast Club in the
summer and continue with the Children and Youth programmes.
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March 2012
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Section E Financial review
Brief statement of the
Our Finances are for the glory of God and the good of the Community.
charity’s policy on reserves
No wages are paid to any of the church workers. We therefore seek to
hold only a small reserve of £1000.
Details of any funds materially in deficit
Further financial review details (optional information)
You may choose to include additional
information, where relevant, about:
• the charity’s principal sources of funds
(including any fundraising);
• how expenditure has supported the key
objectives of the charity;
• investment policy and objectives including
any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s)
Nigel Haddow
Position (eg Secretary, Chair, etc) Secretary
Date
2 6 0 6 2 3
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March 2012
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Accounts and Examiner's Report
TAR
March 2012
5
Priors Park Community Church Contents
| Pages | ||
|---|---|---|
| Statement of Financial Activities | 2 | |
| Summary Income and Expenditure Account | 3 | |
| Balance Sheet | 4 | |
| Notes to the Accounts | 5 to | 10 |
| Detailed Statement of Financial Activities | 11 to | 12 |
Page 1
Priors Park Community Church Statement of Financial Activities
for the year ended 31 December 2022
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Total Expenditure on: Charitable activities 6 Other 7 Total Net gains on investments Net income/(expenditure) Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2022 £ 5,295 15,878 |
Restricted funds 2022 £ 15,501 - |
Total funds 2022 £ 20,796 15,878 |
Total funds 2021 £ 9,909 15,287 |
|---|---|---|---|---|
| 21,173 10,111 11,323 |
15,501 - - |
36,674 10,111 11,323 |
25,196 12,337 14,801 |
|
| 21,434 - |
- - |
21,434 - |
27,138 - |
|
| (261) - |
15,501 - |
15,240 - |
(1,942) - |
|
| (261) | 15,501 | 15,240 | (1,942) | |
| (261) 877 |
15,501 226,993 |
15,240 227,870 |
(1,942) 1,942 |
|
| 616 | 242,494 | 243,110 | - |
Page 2
Priors Park Community Church Summary Income and Expenditure Account
for the year ended 31 December 2022
| Income Gross income for the year Expenditure Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2022 £ 36,674 36,674 21,434 21,434 15,240 15,240 |
2021 £ 25,195 |
|---|---|---|
| 25,195 | ||
| 27,139 | ||
| 27,139 | ||
| (1,944) | ||
| (1,944) |
Page 3
Priors Park Community Church Balance Sheet
at 31 December 2022
| Company No. Notes 2022 £ Fixed assets Tangible assets 9 226,862 226,862 Current assets Cash at bank and in hand 16,248 16,248 Net current assets 16,248 Total assets less current liabilities 243,110 Net assets excluding pension asset or liability 243,110 Total net assets 243,110 The funds of the charity Restricted funds 10 Restricted income funds 242,494 242,494 Unrestricted funds 10 General funds 616 616 Reserves 10 Total funds 243,110 |
2021 £ - |
|---|---|
| - - |
|
| - | |
| - - |
|
| - | |
| - | |
| 226,993 | |
| 226,993 877 |
|
| 877 | |
| 227,870 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 December 2022
And signed on its behalf by:
Trustee
31 December 2022
Page 4
Priors Park Community Church Notes to the Accounts
for the year ended 31 December 2022
- 1 Accounting policies
Basis of preparation
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 Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 5
Priors Park Community Church Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
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Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due 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 at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 6
Priors Park Community Church Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 7
Priors Park Community Church Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
||||
|---|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Charitable activities Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations - Unrestricted Donations - Restricted Funds 5 Income from charitable activities Offerings Income Tax Recovered Income from clubs |
Unrestricted £ 5,295 0 5,295 |
Unrestricted funds 2021 £ 9,779 15,287 25,065 27,139 27,139 (2,073) (2,073) (2,073) 2,951 877 Restricted £ - 15,501 15,501 Unrestricted £ 9,745 2,901 3,232 15,878 |
Restricted funds 2021 £ 131 - 131 - - 131 131 131 226,862 226,992 Total 2022 £ 5,295 15,501 20,796 Total 2022 £ 9,745 2,901 3,232 15,878 |
Total funds 2021 £ 9,909 15,287 |
| 25,196 27,139 |
||||
| 27,139 | ||||
| (1,943) | ||||
| (1,943) | ||||
| (1,943) 229,812 |
||||
| 227,870 | ||||
| Total 2021 £ 9,778 131 |
||||
| 9,909 | ||||
| Total 2021 £ 11,499 3,788 - |
||||
| 15,287 |
Page 8
Priors Park Community Church Notes to the Accounts
6 Expenditure on charitable activities
| Expenditure on charitable activities Charitable Expenditure - Growth Costs - Sunday Afternoon Costs - Clubs Costs - Alpha Governance costs 7 Other expenditure Premises costs General administrative costs Legal and professional costs 8 Staff costs No employee received emoluments in excess of £60,000. 9 Tangible fixed assets Cost or revaluation At 1 January 2022 At 31 December 2022 Net book values At 31 December 2022 At 31 December 2021 |
Unrestricted £ 867 1,249 7,673 322 10,111 Unrestricted £ 8,094 1,692 1,537 11,323 |
Total 2022 £ 867 1,249 7,673 322 10,111 Total 2022 £ 8,094 1,692 1,537 11,323 £ 226,862 226,862 226,862 226,862 |
Total 2021 £ 2,467 381 9,489 - |
|---|---|---|---|
| 12,337 | |||
| Total 2021 £ 11,466 1,778 1,557 |
|||
| 14,801 | |||
| £ 226,862 |
|||
| 226,862 | |||
| 226,862 | |||
| 226,862 |
Page 9
Priors Park Community Church Notes to the Accounts
10 Movement in funds
| At 1 January 2022 Restricted funds: Restricted income funds: Building & Extension 226,862 Ladies Rise Up 131 Jubilee - Breakfast Club - Christmas Meal - World Alive - Cafe - Mission - Total 226,993 Unrestricted funds: General funds 877 Total funds 227,870 Purposes and restrictions in relation to the funds: Restricted funds: Ladies Rise Up Jubilee Breakfast Club Christmas Meal World Alive Cafe Mission |
Incoming resources (including other gains/losses ) £ - - (38) (610) 981 1,575 6,418 7,175 15,501 21,173 36,674 |
Resources expended £ - - - - - - - - - (21,434) (21,434) |
At 31 December 2022 £ 226,862 131 (38) (610) 981 1,575 6,418 7,175 |
|---|---|---|---|
| 242,494 | |||
| 616 | |||
| 243,110 | |||
11 Analysis of net assets between funds
| Fixed assets Net current assets |
Unrestricted funds £ 226,862 16,248 243,110 |
Total £ 226,862 16,248 |
|---|---|---|
| 243,110 |
Page 10
Priors Park Community Church Notes to the Accounts
12 Reconciliation of net debt
| Reconciliation of net debt | ||
|---|---|---|
| Cash and cash equivalents Net debt |
Cash flows £ |
At 31 December 2022 £ |
| 16,248 | 16,248 | |
| 16,248 16,248 |
16,248 | |
| 16,248 |
13 Related party disclosures Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 11
Priors Park Community Church Detailed Statement of Financial Activities
for the year ended 31 December 2022
| Income and endowments from: Donations and legacies Donations - Unrestricted Donations - Restricted Funds Charitable activities Offerings Income Tax Recovered Income from clubs Total income and endowments Expenditure on: Charitable activities Charitable Expenditure - Growth Costs - Sunday Afternoon Costs - Clubs Costs - Alpha Total of expenditure on charitable activities Premises costs Light, heat and power Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Bank charges Subscriptions Sundry expenses Legal and professional costs Other legal and professional costs Total of expenditure of other costs Total expenditure |
Unrestricte d funds 2022 £ 5,295 0 5,295 9,745 2,901 3,232 15,878 21,173 867 1,249 7,673 322 10,111 10,111 2,280 5,226 588 8,094 5 - 1,687 1,692 1,537 1,537 11,323 21,434 |
Restricted funds 2022 £ - 15,501 15,501 - - - - 15,501 - - - - - - - - - - - - - - - - - - |
Total funds 2022 £ 5,295 15,501 20,796 9,745 2,901 3,232 15,878 36,674 867 1,249 7,673 322 10,111 10,111 2,280 5,226 588 8,094 5 - 1,687 1,692 1,537 1,537 11,323 21,434 |
Total funds 2021 £ 9,778 131 |
|---|---|---|---|---|
| 9,909 | ||||
| 11,499 3,788 - |
||||
| 15,287 | ||||
| 25,196 2,467 381 9,489 - |
||||
| 12,337 | ||||
| 12,337 2,364 7,905 1,197 |
||||
| 11,466 | ||||
| - 325 1,453 |
||||
| 1,778 | ||||
| 1,557 | ||||
| 1,557 | ||||
| 14,801 | ||||
| 27,138 |
Page 12
Priors Park Community Church Detailed Statement of Financial Activities
| Priors Park Community Church Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
- (261) (261) - (261) 877 616 |
- 15,501 15,501 - 15,501 226,993 242,494 |
- 15,240 15,240 - 15,240 227,870 243,110 |
- |
| (1,942) | ||||
| (1,942) - |
||||
| (1,942) | ||||
| 1,942 | ||||
| - |
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