PARKWOOD_CHRISTIAN_TRUST - Accounts

The trustees present their annual report and financial statements for the year ended 30 June 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing deed, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

The objectives set for the above mentioned period are:-

a) To identify impurities in food stuffs that are responsible for cancer;

b) To develop alternative strategies to eliminate the above;

c) To educate agricultural communities in respect of the use of organic/natural products in crop protection and public health use; and

d) To undertake charitable work as justified and agreed by the Trustees, in particular related to the case of the elderly, disabled and sick.

In setting our objectives and planning our activities our Trustees have given careful consideration to the charity commissions general guidance on public benefit.

Trustees concern relates to the high incidence of cancer, of which 46% is caused by diet. Much of the fruit, vegetables and meat are contaminated with organo phosphorous and carbamate insecticides, herbicides and fungicides, which are believed to be the dominant causes of cancer. Whilst legislation in Europe has been established to prevent the use of noxious pesticides, the major world pesticide manufacturers are dumping these products in third world countries, in particular Africa, and the farmers are using them on their crops and then exporting their products back into the developed world, who are continuing to consume these products blissfully unaware of their origin and contamination.

Utilising the services of third party analytical laboratories, we are identifying the pesticide content of these food stuffs and drawing it to the attention of the FSL and where necessary the public through PR articles in the press.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

The charity has constructed an office space to conduct its charitable activities from. It is hoped this will facilitate further charitable work for years to come.

Our finances are dependent on contributions from a local private company and efforts will be made to secure further finance from funding bodies interested in the above mentioned objectives.

The Charity is not registered for VAT but will pay tax as an employer through PAYE and National Insurance Contributions when staff are employed to help further the Charity's aims.

All Trustees give of their time freely and no remuneration or expenses were paid in the year. No Trustee or person connected with the Charity has received benefit from the Charity.

It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level so future liabilities can be met. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The trust is a company limited by guarantee and, in accordance with the Memorandum of Association, the liability of the members is limited. Every member undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it should be wound up whilst they are a member or within one year after they cease to be a member, for payment of the company's debts and liabilities contracted before they ceased to be a member.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

The trustees' report was approved by the Board of Trustees.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Parkwood Christian Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Parkwood Farm, Maltmans Lane, Chalfont St Peter, GERRARDS CROSS, Buckinghamshire, SL9 8RP.

The financial statements have been prepared in accordance with the trust's governing deed, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The trust is a Public Benefit Entity as defined by FRS 102.

The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recognised on an accruals basis as a liability is incurred, when there is a legal obligation that an outflow of resource is probable and the monetary value can be measured reliably.

Charitable expenditure comprises those costs incurred by the trust in the deliverance of its activities and services for its beneficiaries.

Support costs include those costs associated with meeting the constitutional and statutory requirements of the trust and include costs linked to the strategic management of the trust.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The company has elected to apply the provisions of Section 11 ”Basic financial Instruments” to all of its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and cash and bank balances are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

As a charity Parkwood Christian Trust is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains act 1992 to the extent that these apply to its charitable objects. No tax charges have arisen in the period.

Donations to other charities

None of the trustees (or any persons connected with them) received any remuneration during the year.

There were no employees during the year.

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At the balance sheet date the company owed £151,423 (2022 - £61,423) to trustee B K Shand in respect of amounts lent by him to the charitable company.