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← Priors Park Community Church

2023-12-31-accounts

==> picture [202 x 51] intentionally omitted <==

Trustees’ Annual Report for the period

From 1/1/2023 Period start date To 31/12/2023 Period end date Charity name: Priors Park Community Church

Charity registration number: 1173483

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To be as a welcoming and inclusive space
for worship, fellowship, and support within
the Priors Park community. The church
aims to foster spiritual growth, provide
practical assistance, and create a sense of
community through regular services,
outreach programs, and various social
activities. By focusing on community
engagement and outreach, the church
seeks to build connections among people,
offer support to those in need, and create
an environment where individuals can
explore faith and find a sense of belonging.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Priors Park Community Church engages in
a variety of activities to fulfil its purpose and
benefit the community. These include:
Worship Services and Faith-Based
Gatherings:Regular services, prayer
groups, and Bible studies provide a space
for spiritual reflection, worship, and
learning, for all community members.
Community Hub: The community hub
project offers services like food distribution,
clothing donations, and assistance to
vulnerable groups such as low-income
families, the elderly, and the homeless,
addressing immediate needs in the
community.
Youth and Family Programs: Activities
tailored for youth, children and families,
such as after-school clubs and holiday
camps provide safe spaces for children and
young people to engage in positive
activities and for families to receive
support.
Community-Cafe:The Café provides low
cost and free meals to the local community
and a warm space for people to connect
with each other.
Dance for Parkinsons:we were privileged
to be able to employ a dance manager to
run dance group for those faced with the
challenges of Parkinsons Disease.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees of Priors Park Community
Church confirm that they have had regard
to the guidance issued by the Charity
Commission on public benefit. They
regularly review their activities, projects,
and services to ensure they align with the
principles of public benefit, prioritizing
accessibility and inclusivity to serve the
needs of the wider community.

Achievements and Performance

SORP reference
This year, Priors Park Community Church
celebrated a significant achievement with
the completion and opening of the
Summary of the main
achievements of the charity,		 Para 1.20 Community Kitchen and Compassion Café.
This new facility serves as a vital hub for
identifying the difference the providing affordable, nutritious meals to the
charity’s work has made to community and offers a welcoming space
the circumstances of its where people can gather, connect, and find
beneficiaries and any wider support. The hiring of a Kitchen Manager
benefits to society as a has been instrumental in ensuring smooth
whole. operations, maintaining high-quality
service, and developing programs to
engage community members further.
Financial Review Financial Review
Review of the charity’s Para 1.21 We are grateful to God for the provision of
financial position at the end funding and donations to enable the
of the period opening of the café and for maintaining the
work and objectives on Priors Park.
Statement explaining the Para 1.22 Priors Park Community Church holds
policy for holding reserves reserves to ensure it can meet its
stating why they are held obligations to donors of restricted funds.
These reserves provide financial stability,
allowing the church to fulfil specific
commitments associated with restricted
donations, ensuring that funds are used as
intended by donors.
Amount of reserves held Para 1.22 £10823

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25		 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are nominated by other trustees
and elected to post.

Reference and Administrative details

Charity name Priors Park Community Church
Other name the charity uses Priors Park Chapel
Registered charity number 1173483
Charity’s principal address Queens Road, Tewkesbury, GL20 5EY

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee
(ifany)
Nigel Paul Haddow Chair
Jacqueline Susan
Haddow		 Treasurer
Robert Gamston Trustee
Claire Gamston Trustee
William O’Leary Trustee
Dawn Parr Trustee
StaceyGreen Secretary 1/1/2023-1/9/2023

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Nigel Paul Haddow Full name(s) Position (eg Secretary, Chair, etc) Date 30[th] October 2024

Priors Park Community Church

Charity No. 1173483

Company No.

Trustee's Report and Unaudited Accounts

31 December 2023

Priors Park Community Church Trustees Annual Report

The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No.

Charity No. 1173483

Registered Office

22 Abbots Road Tewkesbury GL20 5TF

Director and Trustee

The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during the year:

N. Haddow

Accountants

NAC Accountancy 20 Sandstar Close Longlevens Gloucester GL2 0NR

The Trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

N. Haddow Trustee 31 December 2023

Page 1

Priors Park Community Church Statement of Financial Activities

for the year ended 31 December 2023

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 (expenditure)/income
Transfers between funds
Net (expenditure)/income
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
2023
£
5,895
15,278		 Restricted
funds
2023
£
-
69,921		 Total funds
2023
£
5,895
85,199		 Total funds
2022
£
20,796
15,878
21,173
6,298
13,393		 69,921
75,222
-		 91,094
81,520
13,393		 36,674
10,111
11,323
19,691
-		 75,222
-		 94,913
-		 21,434
-
1,482
-		 (5,301)
-		 (3,819)
-		 15,240
-
1,482 (5,301) (3,819) 15,240
1,482
98		 (5,301)
243,012		 (3,819)
243,110		 15,240
227,870
1,580 237,711 239,291 243,110

Page 2

Priors Park Community Church Summary Income and Expenditure Account

for the year ended 31 December 2023

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net (expenditure)/income before tax
for the year
Net (expenditure )/income for the year		 2023
£
91,094
91,094
94,913
94,913
(3,819)
(3,819)		 2022
£
36,674
36,674
21,434
21,434
15,240
15,240

Page 3

Priors Park Community Church Balance Sheet

at 31 December 2023

Company No.
Notes
2023
£
Fixed assets
Tangible assets
9
226,862
226,862
Current assets
Cash at bank and in hand
12,429
12,429
Net current assets
12,429
Total assets less current liabilities
239,291
Net assets excluding pension asset or liability
239,291
Total net assets
239,291
The funds of the charity
Restricted funds
10
Restricted income funds
237,711
237,711
Unrestricted funds
10
General funds
(13,295)
Designated funds
14,875
1,580
Reserves
10
Total funds
239,291		 2022
£
226,862
226,862
16,248
16,248
16,248
243,110
243,110
243,110
243,012
243,012
98
-
98
243,110

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 2023 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 2023

And signed on its behalf by:

N. Haddow Trustee

31 December 2023

Page 4

Priors Park Community Church Statement of Cash flows for the year ended 31 December 2023

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Other gains/losses
Net cash (used in)/provided by operating activities
Net cash from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2023
£
(3,819)
-
(3,819)
-
-
(3,819)
16,248
12,429
12,429
12,429		 2022
£
15,240
-
15,240
-
-
15,240
-
15,240
16,248
16,248

Page 5

Priors Park Community Church Notes to the Accounts

for the year ended 31 December 2023

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

Income

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 6

Priors Park Community Church Notes to the Accounts

Expenditure

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 7

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 8

Priors Park Community Church Notes to the Accounts

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Total
Expenditure on:
Charitable activities
Other
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
Income Restricted		 Unrestricted
£
8,850
4,696
1,732
0
15,278		 Unrestricted
funds
2022
£
5,295
15,878
21,173
10,111
11,323
21,434
(261)
(261)
(261)
878
617
Unrestricted
£
5,895
-
5,895
Restricted
£
-
-
-
69,921
69,921		 Restricted
funds
2022
£
15,501
-
15,501
-
-
-
15,501
15,501
15,501
226,993
242,494
Total
2023
£
5,895
-
5,895
Total
2023
£
8,850
4,696
1,732
69,921
85,199		 Total funds
2022
£
20,796
15,878
36,674
10,111
11,323
21,434
15,240
15,240
15,240
227,871
243,111
Total
2022
£
5,295
15,501
20,796
Total
2022
£
9,745
2,901
3,232
-
15,878

Page 9

Priors Park Community Church Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Offerings
Income Tax Recovered
Income from clubs
Income Restricted
Governance costs
7
Other expenditure
Premises costs
General administrative costs
Legal and professional costs
8
Staff costs
No employee received emoluments in excess
9
Tangible fixed assets
Cost or revaluation
At 1 January 2023
At 31 December 2023
Net book values
At 31 December 2023
At 31 December 2022		 Unrestricted
£
-
92
6,206
0
6,298
of £60,000.		 Restricted
£
-
-
-
75,222
75,222
Unrestricted
£
9,023
3,969
401
13,393		 Total
2023
£
-
92
6,206
75,222
81,520
Total
2023
£
9,023
3,969
401
13,393
£
226,862
226,862
226,862
226,862		 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

Page 10

Priors Park Community Church Notes to the Accounts

10 Movement in funds

Restricted funds:
Restricted income funds:
Building & Extension / Bfwd
Francoise House & The
Gathering
Dance With Parkinsons
Community Funds
Christmas Meal
World Alive
Cafe
Mission
Total
Unrestricted funds:
General funds
Designated funds:
Offerings
Donations
Income Tax Recovered
Income - Clubs
Total
Total funds		 At 1 January
2023
226,862
-
-
-
981
1,075
11,418
2,676
243,012
98
-
-
-
-
-
243,110		 Incoming
resources
(including
other
gains/losses
)
£
-
399
14,335
3,000
-
4,860
46,932
395
69,921
0
1,205
5,896
12,341
1,732
21,173
91,094		 Resources
expended
£
-
(440)
(4,854)
(1,497)
(980)
(6,045)
(58,942)
(2,464)
(75,222)
(13,393)
-
-
-
(6,298)
(6,298)
(94,913)		 At 31
December
2023
£
226,862
(41)
9,481
1,503
1
(110)
(592)
607
237,711
(13,295)
1,205
5,896
12,341
(4,566)
14,875
239,291

Purposes and restrictions in relation to the funds: Restricted funds: Building & Extension / Bfwd Francoise House & The Gathering Dance With Parkinsons Community Funds Christmas Meal World Alive Cafe Mission Designated funds:

Page 11

Priors Park Community Church Notes to the Accounts

rs Park Community Church
es to the Accounts
Offerings Offerings
Donations Donations
Income Tax Recovered Income Tax Recovered
Income - Clubs Income - Clubs

11 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Net current assets
Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2023
£		 Unrestricted
funds
£
226,862
12,429
239,291
Cash flows
£		 Total
£
226,862
12,429
239,291
At 31
December
2023
£
16,248 (3,819) 12,429
16,248
16,248		 (3,819)
(3,819)		 12,429
12,429

12 Reconciliation of net debt

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 12

Priors Park Community Church Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from:
Donations and legacies
Donations - Unrestricted
Donations - Restricted Funds
Charitable activities
Offerings
Income Tax Recovered
Income from clubs
Income Restricted
Total income and endowments
Expenditure on:
Charitable activities
Offerings
Income Tax Recovered
Income from clubs
Income Restricted
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
General insurances
Sundry expenses
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs		 Unrestricte
d funds
2023
£
5,895
-
5,895
8,850
4,696
1,732
0
15,278
21,173
-
92
6,206
0
6,298
6,298
4,529
4,198
296
9,023
65
1,231
2,673
3,969
401
-
401		 Restricted
funds
2023
£
-
-
-
-
-
-
69,921
69,921
69,921
-
-
-
75,222
75,222
75,222
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2023
£
5,895
-
5,895
8,850
4,696
1,732
69,921
85,199
91,094
-
92
6,206
75,222
81,520
81,520
4,529
4,198
296
9,023
65
1,231
2,673
3,969
401
-
401		 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

Page 13

Priors Park Community Church Detailed Statement of Financial Activities

Priors Park Community Church
Detailed Statement of Financial Activities
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 13,393
19,691
-
1,482
1,482
-
1,482
98
1,580		 -
75,222
-
(5,301)
(5,301)
-
(5,301)
243,012
237,711		 13,393
94,913
-
(3,819)
(3,819)
-
(3,819)
243,110
239,291		 11,323
21,434
-
15,240
15,240
-
15,240
227,870
243,110

Page 14