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2025-01-31-accounts

Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31°, January 2025 Charity Commission registered number.. 285550

Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31[st] January 2025

Charity Commission registered number: 285550

Trustees and professional Advisors of Providence Chapel

Trustees (serving during the period): Mr P Churchill (Treasurer) Mr T Briercliffe (Secretary) Mr J Davies Mr P Clarke Mr Alexy Matthews Valliaparampil

Bank :

Barclays Bank plc Reading Mid Thames Group

Solicitors Clark’s Legal PO Box 34 Reading

General enquiries (addressed to)

Mr T Briercliffe Homefield Basingstoke Road Spencers Wood Reading RG7 1AP

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31[st] January 2025

Report of the Trustees

The Trustees of Providence Chapel present their report and the Statement of Financial activities for the period from 1 February 2024 to January 2025.

Financial Review

As of 31January 2025 the fund was valued at £647,070 and at the end of the prior year; the value was £656,890 as shown in the accounts; and a decrease in funds of £9,820

Trust Deed

The definitive trust deed is dated the 5[th] April 1982 and is amended from time to time; the last amendment was 1998.

The objects of Providence Chapel as detailed in the definitive Trust Deed are:

  1. To permit the premises and to use the premises for meetings for the worship of God and for the preaching and expounding of the word of God

  2. To permit the premises to be used for the holding of classes for the instruction of adults and children and generally for any purpose which shall promote or provide the means of promoting the conversion and edification of souls and the diffusion of the Gospel Truth

Activities

  1. Providence Chapel’s activities relate to the propagation of the gospel of the Lord Jesus Christ.

  2. The Outreach of this gospel takes the format of Gospel meetings, open to all who wish to attend Friday Club (teenagers), Sunday school and Bible classes, again open to all who wish to attend from the relevant age groups.

  3. The focus of the work in the Sunday school is teaching from the Bible, using the New King James Version. Additional activities include regular teas and outings for those children that attend.

  4. For the encouragement of the members, regular ministry meetings, bible studies and Prayer meetings are held. These meetings are open to all who wish to attend.

  5. Regular work is undertaken among the homeless and those with drugs and alcohol addiction. Food and drink is provided for the homeless every Monday and Saturday evening.

  6. The activities undertaken by Providence Chapel rely totally on the voluntary contribution of the members of Providence Chapel.

Trustees

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31[st] January 2025

The Trustees of the scheme are, Mr P Churchill, Mr T. Briercliffe, Mr J Davies, Mr P Clark and Mr Alexy Matthews Valliaparampil

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there is no material inconsistencies with the figures disclosed in the financial.

Under the definitive Trust Deed, the number of Trustees may not be less than four or more than eight. From time to time as the occasion arises, members of Providence Chapel are invited to act as trustees. Once appointed, even if no longer a member, trustees act for as long as they feel able to meet the responsibilities of trusteeship.

Policies

Activities undertaken by Providence Chapel are such that no onerous burden is placed on any individual member or family members

Investments are only made where there is a zero risk associated with the investment.

It is not the objective of Providence Chapel to issue grants, either to institutions or individuals

Funds will not be held on a long term basis to provide income. Day to day needs will be met by support from the members.

We approve these accounts and confirm that we have made available all relevant records and information for their preparation

On behalf of the Trustees: Mr T Briercliffe (Secretary) & Mr P Churchill (Treasurer)

Date: ___ ___ ___

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31[st] January 2025

Independent examiner's report on the accounts

On accounts for the year ended: 31 January 2025

Charity no: 285550

Set out on pages:

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/01/2025

Responsibilities and basis of report:

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

  1. 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.

  2. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

  3. the accounting records were not kept in accordance with section 130 of the Charities Act; or

  4. the accounts did not accord with the accounting records; or

  5. the accounts did 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.

Gaius A Douglas FFA, FTA Accountant Haverfordwest, Pembrokeshire November 2025

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading

Statement of Accounts for the year ended 31[st] January 2025

Statement of Financial Activities

For the Financial Year ended on: 31.01.25 31.01.24
Unrestricted Prior Year
Funds
Incoming resources Note
Donations and similar Incoming Resources 11 30,940 33,321
Investment Income 11 0 0
Other incoming Resources 11 0 0
Total Incoming Resources 30,941 33,321
Resources Expended
Charitable Expenditure
Costs of Activities for Charitable Objectives 2 28,232 18,864
Support Costs 2 0 0
Administration 2 12,529 20,822
Total Resources Expended 40,761 39,686
Net Incoming Resources after Transfers (9,820) (6,365)
Gains& Losses on Revaluation and Disposal of 0 0
Assets
(9,820) (6,365)
Total Movement in Funds
Total Funds b/fwd 656,890 663,255
Total Funds c/fwd 647,070 656,890

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading

Statement of Accounts for the year ended 31[st] January 2025

Balance Sheet

31.01.25 31.01.24
£ £
Notes Unrestricted Unrestricted
Funds Funds
Fixed Assets
Tangible assets 6 594,888 594,888
Total Fixed Assets 594,888 594,888
Current Assets
Debtors 7 - -
Short Term Investments - -
Cash in Bank and in hand 52,182 62,002
Total Current Assets 52,182 62,002
Net Current Assets 647,070 656,890
Creditors: Amount falling due after one year - -
Total Assets less Current Liabilities 647,070 656,890
Provisions for liabilities and charges - -
Net Assets 647,070 656,890
Reserve Funds
Unrestricted Funds 647,070 656,890
Total Reserve Funds 647,070 656,890

Signed on behalf of all the Trustees

Date Approved: _____

Trustee (Secretary) T Briercliffe:

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31[st] January 2025

Note 1- Accounting Policies

Basis of Accounting

These accounts have been prepared in accordance with accounting standards; and

Change in Basis

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

Changes to Previous Accounts

No Changes have been made to accounts for previous years.

Note 2 – Expenditure

a) Analysis of resources Expended

) Analysis of resources Expended
Costs of charitable activities – Speakers expenses
Missionary gifts
Other charitable gifts
Drop-in meal costs
Youth work costs
Support costs – Transport costs
Administration - Utilities
Repairs & Maintenance
Insurance
Sundry		 2025
£
2,465
12,477
200
7,950
2,589
25,681
435
435
8,488
1,058
2,308
2,791
14,645		 2024
£
1,848
6,733
0
6,151
2,283
17,015
417
417
14,564
3,109
2,260
2,320
22,253

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31[st] January 2025

Note 3 – Grants made – No grants have been made to either institutions or individuals.

Note 4 – Employees – There are no paid employees. All work undertaken is on a voluntary basis.

Note 5 – Trustees and Other Related Parties – There have been no payments made to or on behalf of trustees, during the period under review.

Note 6 – Tangible Fixed Assets

Assets Cost or Valuation

Freehold land & Buildings – b/fwd
Repairs & maintenance capitalised during year
Freehold land & Buildings – c/fwd		 2025
£
594,888
0
594,888		 2024
£
594,888
0
594,888

This valuation is materially below the market value of the Freehold. The renovation and repair to the property is complete and the amount above represents the asset value of the building.

The value placed on the building for the insurance purposes, is currently £1,439,250.00.

Note 7 – Debtors & Prepayments

2024 2023
Debtors - -
Prepayments - -
Total 0 0

Note 8 – Endowment & Restricted Funds – There are currently no Endowment or Restricted funds

Note 9 – Other information provided:

Note 10 – Declarations

Charity Commission registered number: 285550

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Assembly at Providence Chapel In Reading Statement of Accounts for the year ended 31[st] January 2025

Note 11 – Accounting Policies

Incoming Resources

Donations, legacies and similar incoming resources are included in the Statement of Financial Activities (SOFA):

Tax reclaims on donations and gifts are included on the SOFA at the same time as the gift to which they relate.

The value of any voluntary help received is not included in the accounts but is described in the annual report

Investment income and any associated tax credits are included in the accounts when receivable.

Expenditure and Liabilities

Generally, liabilities are recognised as soon as there is a legal constructive obligation committing to the expenditure.

Assets

Tangible fixed assets are capitalised at cost if they can be used for more than one year.

The major repairs have been undertaken on the property and the asset value reflects the costs incurred.

Land and buildings are the only type of assets that would be revalued.

Investments on a recognised stock exchange are valued at market value at the yearend. Other investment assets are included at the Trustees’ best estimate of market value.

There are no stocks and work in progress held.

Charity Commission registered number: 285550

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