THE PARISH HALL CHARITY, DIDSBURY
FINANCIAL STATEMENTS
31 DECEMBER 2024
Charity Number: 501253
THE PARISH HALL CHARITY, DIDSBURY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| CONTENTS Officers and Professional Advisors Trustees’ Annual Report Independent Examiners Report Receipts & Payments Account Statement of Assets Notes to the Accounts |
PAGE 3 4 – 6 7 8 9 10 - 11 |
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THE PARISH HALL CHARITY, DIDSBURY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
OFFICERS AND PROFESSIONAL ADVISORS
The Trustees: Revd Canon Dr N. Bundock Mrs H. A. Lowe Mr T. J. Turvey (appointed 18 March 2024) 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
Independent Examiner: Eric Langer BSc FCA, Langer & Co Chartered Accountants & Statutory Auditors 8-10 Gatley Road Cheadle Cheshire SK8 1PY
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THE PARISH HALL CHARITY, DIDSBURY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and the unaudited financial statements for the year ended 31 December 2024.
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
Although the three Trustees hold ultimate responsibility for the Charity, its day-to-day management is carried out by the staff and volunteers of St James & Emmanuel Parish in the Deanery of Stretford and South Manchester 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
The building continues to be well used. However, with two rooms being vacated towards the end of the year, rental income for 2024 has decreased by 8% over 2023, a drop of £4,125.
With the increase in reserves last year, significant remedial work of £20,275 could take place. Two rooms were fitted with replacement windows. The car park entrance was widened, lines redesigned and marked, and signage improved. The next largest expense was on utilities, namely heat and light, which decreased to £12,254 after the large hike of the previous year. General maintenance increased by £1,202 because of a 5 yearly electrical compliance survey and work in the cellar to improve accessibility. The total expenditure for 2024 increased over 2023 by £14,411.
The Charity benefitted from sale of land to its neighbour at 8 Barlow Moor Road. The land comprised a strip to the west boundary of the rear car park, covered by trees and foliage, and abutted the rear garden of No. 8. This land was of no substantive use to the Charity. A professional
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THE PARISH HALL CHARITY, DIDSBURY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
valuation took place prior to sale which guided the Trustees to agree upon the net amount received of £18,856. The transaction was enacted by a firm of solicitors who advised the trustees on due process to ensure compliance with Charity Law and Land Registry.
Overall, income exceeded expenditure by £8,174 to improve the year end bank balance to £20,709.
PUBLIC BENEFIT
When planning activities for the year, the trustees have taken into consideration the Charity Commission’s guidance on public benefit, and particularly the specific guidance on charities for the advancement of religion.
RESERVES POLICY
The Charity has traditionally operated with low reserves. However, reserve levels have improved over the past two years, enabling further remedial work, provided the vacant rooms can be let in the foreseeable future.
INVESTMENTS SELECTION POLICY
The charity takes a low-risk view when selecting investment funds such that all the charity’s 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.
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THE PARISH HALL CHARITY, DIDSBURY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Signed by order of the Trustees on 18 March 2025
Revd Canon Dr N. Bundock
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THE PARISH HALL CHARITY, DIDSBURY INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner’s report to the Trustees of The Parish Hall Charity, Didsbury
I report to the trustees on my examination of the accounts of The Parish Hall Charity, Didsbury for the year ended 31[st] December 2024, which are set out on pages 8 to 11.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).
I report in respect of my examination of the Trustees 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 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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(2) the accounts do not accord with those records.
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.
Eric Langer, BSc FCA Chartered Accountant Independent Examiner 8-10 Gatley Road Cheadle Cheshire SK8 1PY Date:
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THE PARISH HALL CHARITY, DIDSBURY RECEIPTS & PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Receipts Charitable activities 2 Bank interest Sub total receipts Asset and investment sales Receipts from sale of fixed assets Sub total receipts Total receipts Payments Charitable activities 3 Governance costs 4 Sub total payments Total payments Net receipts for the year Cash funds at 1 January 2024 Cash funds at 31 December 2024 |
Unrestricted Endowment Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 44,877 - 44,877 49,002 123 - 123 61 |
|---|---|
| 45,000 - 45,000 49,063 |
|
| 20,000 - 20,000 - |
|
| 20,000 - 20,000 - |
|
| 65,000 - 65,000 49,063 |
|
| 54,818 - 54,818 40,407 2,008 - 2,008 384 |
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| 56,826 - 56,826 40,791 |
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| 56,826 - 56,826 40,791 |
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| 8,174 - 8,174 8,272 |
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| 12,535 - 12,535 4,263 |
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| 20,709 - 20,709 12,535 |
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THE PARISH HALL CHARITY, DIDSBURY STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024
| Unrestricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| Notes | 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | ||
| Assets retained | |||||
| Property – 6 Barlow Moor Road | - | 180,000 | 180,000 | 180,000 | |
| Fixtures – Fire alarm | 2,052 | - | 2,052 | 2,052 | |
| 5 | 2,052 | 180,000 | 182,052 | 182,052 | |
| Cash funds | |||||
| Deposit Bank Account | 15,666 | - | 15,666 | 7,052 | |
| Current Bank Account | 5,043 | - | 5,043 | 5,483 | |
| 20,709 | - | 20,709 | 12,535 |
These accounts were approved by the Trustees on 18 March 2025 and signed on behalf by:
Revd Canon Dr N. Bundock
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THE PARISH HALL CHARITY, DIDSBURY NOTES TO THE ACCOUNTS – YEAR ENDED 31 DECEMBER 2024
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 Dignity Donelan Property Gerard Mooney JO Jingles L’Arche Maria Lopez St James & Emmanuel Academy Trust Other casual lets Wi-Fi Contribution |
2024 2023 £ £ 600 600 8,760 8,640 4,260 4,200 5,840 5,640 1,990 1,650 892 1,400 9,649 11,014 3,900 3,300 3,360 5,760 5,001 6,228 625 570 |
|---|---|
| 44,877 49,002 |
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THE PARISH HALL CHARITY, DIDSBURY
NOTES TO THE ACCOUNTS – YEAR ENDED 31 DECEMBER 2024
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) Remedial Work |
2024 2023 £ £ 6,238 5,036 3,606 3,125 5,944 3,113 12,254 14,536 501 501 6,000 6,000 20,275 8,096 |
| 54,818 40,407 |
*Note: insurance for 2022 and 2023 has been paid from the bank on 31 Dec but was not cleared until the following accounting year and is thus not reflected in the accounts until the year of payment.
4. Governance Costs
| Governance Costs | |
|---|---|
| Independent Examination Fees Land Valuation Report Legal Fees in Respect of Sale of Land |
2024 2023 £ £ 384 480 384 - 1,144 |
| 2,008 384 |
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 | 125,000 |
| Revaluation | 55,000 |
| 180,000 |
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