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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- 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
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2019)
## **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:**
- No guarantees have been issued or can be called upon.
- No loans are outstanding at the year end, or have been issued during the period under review
- No ex-gratia payments have been made during the period under review.
## **Note 10 – Declarations**
- **Change in Yearend date** - The Trustees has not changed the year end date or the length of the financial year.
- **Designated funds** – There are no designated funds
- **Funds in surplus** - General funds have decreased by surplus funds as of 31[st] January 2025
- **Inalienable or Historic Assets** – There are no assets as of 31[st] January 2025, classed as inalienable or historic.
- **Intangible Assets** – There are no intangible assets.
- **Inter-Fund Loans** – There were no inter-fund loans outstanding as of 31[st] January 2025
- **Revaluations** – No functional fixed assets have been re-valued during the year.
- **Subsidiaries** – There are no subsidiary companies
- **Un-capitalised Fixed Assets** – There are no material fixed assets, which have not been capitalised and included on the balance sheet.
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):
- When any conditions for entitlement are met;
- When the Trustees are reasonably certain they will receive it, and
- When the Trustees are reasonably certain that the value can be reliably measured.
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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