## **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|
|---|---|
2
## **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
3
## **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.
4
## **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:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- 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
5
##
##
##
## **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**|
7
## **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
8
**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**|
9
## **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|
10