THE PARISH HALL CHARITY, DIDSBURY
FINANCIAL STATEMENTS
31 DECEMBER 2021
Charity Number: 501253
THE PARISH HALL CHARITY, DIDSBURY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| CONTENTS Officers and Professional Advisors Trustees Annual Report Independent Examiners Report Receipts & Payments Account Statement of Assets Notes to the Accounts |
PAGE 3 4 – 5 6 7 8 9 - 10 |
|---|---|
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THE PARISH HALL CHARITY, DIDSBURY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
OFFICERS AND PROFESSIONAL ADVISORS
The Trustees:
Mr P. Good (resigned 1 October 2021) Revd Dr N. Bundock Mrs H. A. Lowe Mrs J. Thom (appointed 1 October 2021)
Principal Address:
6 Barlow Moor Road Didsbury Manchester M20 6TR
Agents and Advisors Bankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
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THE PARISH HALL CHARITY, DIDSBURY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees present their report and the unaudited financial statements for the year ended 31 December 2021.
LEGAL STATUS
The Parish Hall Charity, Didsbury is a Registered Charity with Registration Number 501253. The Charity is governed by a Scheme dated 16 December 1982.
OBJECTIVES OF THE TRUST
The objects of the Charity are furthering the religious and other charitable work of the Church of England in the parish of St James & Emmanuel, Didsbury.
ORGANISATION
Whilst the three Trustees serve and, ultimately, have responsibility for the Charity, it is managed on a daily basis by staff and volunteers of the parish of St James & Emmanuel, Didsbury, in the deanery of Withington, in the diocese of Manchester. This parish uses the building, 6 Barlow Moor Road, which is owned by the Charity.
TRUSTEE SELECTION METHOD
The body of trustees consists of three competent persons being one ex-officio and two nominated trustees. The ex-officio trustee is the Rector of the Parish of St James and Emmanuel, Didsbury. The nominated trustees are appointed by the Parochial Church Council (PCC) of the said parish. The nominated trustees serve a term of five years.
REVIEW OF ACTIVITIES AND ACHIEVEMENTS
Following a significant change of tenants during 2020 and for a large part of that year some rooms remained vacant as the Covid pandemic delayed the commencement of new tenants, the rental income for 2021 has been much more stable and increased over 2020 by £13,044.
The monthly repayment of the interest-free loan to St James and Emmanuel PCC was restored following the need for a further £5,000 loan at the beginning of the year to fund an essential boiler replacement. This additional loan was repaid in full during the year, leaving a small balance to repay of the original loan at the end of the year. With income restored to former levels, some additional decorating was undertaken as well as the purchase of new chairs and carpet for the Parish lounge.
Expenditure was carefully managed such that overall, income exceeded expenditure by £2,293.
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THE PARISH HALL CHARITY, DIDSBURY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
PUBLIC BENEFIT
When planning activities for the year, the trustees have taken into consideration the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
RESERVES POLICY
The charity has historically operated with low reserves and is currently in the process of repaying an interest free loan of £12,000 from St James and Emmanuel PCC, Didsbury. The balance on the loan at the end of 2021 was £2,000. This should be cleared during 2022.
INVESTMENTS SELECTION POLICY
The charity takes a low-risk view when selecting investment funds such that all the charities funds are invested in low-risk products.
RESPONSIBILITIES OF THE TRUSTEES
Law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing financial statements giving a true and fair view, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which 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 Charities Act 2011. The Trustees 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.
Signed by order of the Trustees on
18 March 2022
Revd Dr N. Bundock
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THE PARISH HALL CHARITY, DIDSBURY RECEIPTS & PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes Receipts Charitable activities 2 Sub total receipts Asset and investment sales Loan Total receipts Payments Charitable activities 3 Governance costs 4 Sub total payments Asset and investment purchases Loan Total payments Net receipts/(payments) for the year Cash funds at 1 January 2021 Cash funds at 31 December 2021 |
Unrestricted Endowment Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ 34,783 - 34,783 21,739 |
|---|---|
| 34,783 - 34,783 21,739 |
|
| 5,000 - 5,000 - |
|
| 39,783 - 39,783 21,739 |
|
| 29,990 - 29,990 20,355 - - - 384 |
|
| 29,990 - 29,990 20,739 |
|
| 7,500 - 7,500 - |
|
| 37,490 37,490 20,739 |
|
| 2,293 - 2,293 1,000 |
|
| 1,345 - 1,345 345 |
|
| 3,638 - 3,638 1,345 |
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THE PARISH HALL CHARITY, DIDSBURY STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021
| Notes Assets retained Property – 6 Barlow Moor Road Fixtures – Fire alarm 5 Cash funds Deposit Bank Account Current Bank Account Liabilities Loan from St James and Emmanuel PCC, Didsbury |
Unrestricted Endowment Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ - 180,000 180,000 180,000 2,052 - 2,052 2,052 |
|---|---|
| 2,052 180,000 182,052 182,052 |
|
| 2 - 2 2 3,636 - 3,636 1,343 |
|
| 3,638 - 3,638 345 |
|
| (2,000) - (2,000) (4,500) |
These accounts were approved by the Trustees on 18 March 2022 and signed on behalf by:
Revd Dr N. Bundock
Mrs H. A. Lowe
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THE PARISH HALL CHARITY, DIDSBURY NOTES TO THE ACCOUNTS – YEAR ENDED 31 DECEMBER 2021
1. Statement of Accounting Policies
Basis of Accounting
The accounts have been prepared on the "receipts and payments" basis and in accordance with the Statement of Recommended Practice (Accounting By Charities).
Funds
Funds consist of unrestricted and endowment amounts. The Charity may use unrestricted amounts at its discretion in furtherance of the general objectives of the Charity. Endowment amounts arose from the sale of Sandhurst Road, the proceeds from which are held on deposit and applied for specific purposes.
2. Receipts from Charitable Activities
| AA Group Building Sense Ltd Conibear Designs Crossroads Dignity Donelan Property Gerard Mooney Interserve L’Arche NCT Maria Lopez Marta Buszko Other casual lets Wi-Fi Contribution |
2021 2020 £ £ 540 270 7,200 1,200 900 1,115 - 940 3,480 3,480 2,400 - 1,515 220 365 3,180 8,920 7,270 - 874 3,000 1,968 1,425 285 4,538 292 600 645 |
|---|---|
| 34,783 21,739 |
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THE PARISH HALL CHARITY, DIDSBURY NOTES TO THE ACCOUNTS – YEAR ENDED 31 DECEMBER 2021
3. Payments for Charitable Activities
| 3. Payments for Charitable Activities | |
|---|---|
| General maintenance Cleaning Insurance Utilities Wi-Fi Installation and Charges St James & Emmanuel Management charge (incl. caretaking) Professional Fees Remedial Work |
2021 2020 £ £ 5,570 2,685 2,640 2,163 2,625 2,462 4,412 5,122 918 453 3,600 3,140 - 600 10,225 3,730 |
| 29,990 20,355 |
4. Governance Costs
| Independent Examination Fees | 2021 2020 £ £ - 384 |
|---|---|
| - 384 |
5. Assets Retained
The property at 6 Barlow Moor Road was valued on 27 July 2000 by Roger Hannah & Co at £180,000, which is lower than the open market value for development of £300,000, because the Charity does not collect full market rents. The trustees have considered this and are happy to continue, because of the value to the parish of the organisations to which we let rooms. The lessees have security of tenure and so the trustees believe the appropriate valuation is the lower figure of £180,000.
In 2005, a new fire alarm was fitted at a cost of £2,052, giving total fixed assets at 31 December 2005 of £182,052. There has been no movement since 2005.
The value of Freehold Property comprises: -
| Purchase price Revaluation |
£ 125,000 55,000 |
|---|---|
| 180,000 |
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