Ch•rlty reglstratk¥n Trumbor 1063215 THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustsas Mr M Steedman MT N J Taylor (Chalr) Mr K Diffey Mr V Steedman Mr R V Dible Troasurgr Mr l R Steedman Charlty number 1063215 Prlnclpal address 34 Quèen Alexandra Road Salisbury Wiitshire SP2 9LN Independont oxamlner Moore (South) LLP 33 The Clarendon Contre Salisbury Business Park Dairy Meadow Lane Salisbury Wiltshira SP1 2TJ Bankers Barclays Bank PIC 216 High Street Salisbury SP12YH Sollcitorn Walson SoliciloTS Mercury House Shrewsbury Business Park Shrewsbury SY2 6LG
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST CONTENTS Pago Trustees, report Statement of Iru¥tees' responslbllltles Indapendent examlnels report Slalgment of finandal activltlgs Balance sheet Note8 to the financial statements 9-17
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2023 The Trustees presgnl their report along with the financial stslemenls of the Charfty for the year ended 5 April 2023. Thè financial statements have been prepared in accordance with thg acwunting policies set out on page 8-10 and comply with the Trust Deed and appIlble law. The finan&al statemonts have been prepared In accordance wth the accounting policies set out In noto 1 to the financial slaloments and comply with the charity's goveming document. the Charf(1gs Ad 2011 and "knounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191" Objectlves and activkles The charitable purposes of the Charity are the advancement of tho Christian religion for the public benefft, induding by the carrying on of the service of God In accordance with the Old and New Testsments of thg Holy Bible as followed by those Christians forming part of the world-wid8 followship known as the Ptymouth Brethren Christian Church {th6 'Bralhren'l and any other charitsbla PUTposes connected with Brethren. The cora doctrine of the Brethr8n and proper practices in furtheranc8 of certain aspects of doctrino are summarised ln Iwo schodulos to the Trust Oeed. Maln Actlvlties The Trust provides and maintains the Gospel Hall at Pembroko Road in Salisbury. where rellglous mgolings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the websil8-www.plymoLthbrelhrenchristianchurch.org and in the schedules to the Trust Degd. Members if the congregation donated food lo local food banks and homeless cenlres such as the Trussell Trust. The local chaTlties are always grateful for the donation received and we will be continuing this activity into 20231 24. The trustees have also operalgd an Emergency Needs fund for thg duration of the coronavirus pandemic and any resultant economic downtum. Thls Is providing limited financial assistance by the way of grocary vouchers to households, who have experienced a recent and significant decrease in incomg duo to the pandemic, such that il is likely to impact on the health andlor welfare of members of the household. Thg trust has appointed Local Weware Panel lo manage the appIltion process and lo administer the vouchers lo qualifying applicants. Plans for Future Perlods Despite th& increased cost of energy, tho trustses feel that these increased costs arg not SignlCant]Y impactlng on the ability of the charity lo continue as a going concern. The Trust plans lo finance the provision of a new Gospel Hall at Longhèdge in Salisbury. It wll also contsnue to regularly provide the congregation with Covid testing kits in order to mitlgate the transmission of infection during meetings.
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Sprnadlng the Gospel Message The Gospel halls are a base from which the fegular congr8gation and others attend the meetlngs are ¢ruraged to spread the Christian G¢)spel, In word and doed. Members of the congrggation participate in a program of street preaching and Gospel tracts are provid8d free of charge by the Charity lo such preach8rs lo be handod out to interested members of the publi In addhlon to street prgachlng. members of the congregation donate to local food bank8 and charities which support the homeless. In carrying out this work. the congregation nsiderS itself to be liwng out rts faith in practice. as parti¢ularfy exemplrfied in the following extract from thg schedule to the Trust Deed on living a Christian life.. We seek and are en¢ourag6d lo Ilve exemplary Ilves in all our relationships wf(h others in the wider communty {including former Brglhren), in accordance wlh the teachings of Holy Scripture11 Tim 2=2). We ragularfy go oth from our hom&s to preach on the streets. to distribute Christian literature arKI engage with the wider community (including former Brethren) in order lo present eternal salvation. available lo all men by faith in Jesus Christ. {2 Tim 4-2). We seek 88 members of the public lo laad Christian lives as husbands and wves. parents, chlldren. employers. employees and neighbours. (Col 3.'22-25, Col 4.'1}. The pr8s8rvalion and protection of the family unil is fundamental and chlldren are pr*zed as a blessing from God. (Psalm 127.'3-51. The elderly are valued members of the community. for whom both their family and the wider community are expected to care. Holy Scripture commands us lo be good neighbours to others, and deal wth all other people (including former Brethren) openly, honestly and fairty and consistent with these principles, we should gwe our time, tslents and money lo assist those in need in the wider community, in so far as reasonable given our abilities and our available resources. (Matt 7.12, Matt 22.'39, Eph 4.'281. Mgatlngs Meetings held at the Gosp81 halls Indude the Lord's Supper (Communion), Gospgl preachings, Bible readlng8 and Bibl8 addresses. There is 3 structured wagkly schedule of meetings and, dependlng on the particular meeting, betsveen 30 and 500 paople nomially attend these occasions. The meetings ar8 attended by the regular congregation and most ara open lo other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel proachings. along wf(h telephone number for those seeking further infornialion or help. Gospel tracts, which are distributed by stseel preachers, also display this information. Bibles and an extenswe range of other Christian reading material are on display at the halls and visitors are free to help themselves. Publlc beneflt The trusleas of Salisbury Gosp81 Hall Trust confiryn that they have complied th their duty under section 4 of thg Charibes Act 2011 to have due regard to the Charity Commission's general guidan to charttles on public b9nefft. Funding Funding is sought through gits from the congregation and Gift Aid is claimed on eligible donation& Funding is Sometimes receivgd from other charitable trusts with complementsry objectives.
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Financlal revlew During the year 8nd8d 5 April 2023, thè Trust made a deficll of £54.74512022'. £359,736). Thls prfmarfly relates to major rafvrbishment works completed on the Main Hall in tha year, as well as non-cash transactions, such as dgpiactalion. Total voluntary income of £152.492 has increased from £103.584 in the previous year. Unrgstricted Funds were £281,78412022: £444.449) and Designated Funds were £8,89012022'. £6,890). Restricted Funds amounted lo £582,078 12022.. £474,158), and these are held for the provision of needed meeting halls for the Salisbury congregation. Resgrrfos pollcy The Trustees have considerèd the level of reseNes they wlsh to relain, appropriate to the Charis needs, basgd on ts size and the level of its financial comrnitmenls. Th9 Trust ha$ no employeas and its regular oulgoings are minlmal. Accordingly, the Trustees have decided to accumulate restricted funds in view of the acquisition of further local hall lo accommodate the need5 of an expanding congregation. Unrestricted funds are being held against repalrs which wlll be required at the maln gospel hall. The congregation is kept r8guiarfy informèd as to particular needs for fLknds, and other relevant matters and the Trustees aim to ensure that the Charty will be able to continue to fulfil ils charitable objectives even if there is a temporary shortfall in ineome or unexpected expendf(ure, by raising a funds appeal to the congregation. Froe Reserves (net current assets less any Restricted Funds) at the year-end were £Nil. Structure, goveman¢o and management The charity is ntrOlled by a deed of trust and constitute8 an unincorporated charity. The Charity is an unlncorporaled trust constitLrted by a Deed of Trust dated 13th July 1982, most recent amenrled by a Deed of Variation dated 9th January 2015. The Trust was registered wlth the Charity Commission for England and Wales on 5th Juty 1997 under Charity Registration Number- 1063215. The trustees who served during the year and up lo the date of slgnature of the financial statements were... Mr M Ste8dman Mr N J Taylor (Chairl Mr K Drffey Mr V Steedman Mr R V Dible None of the Trustees. nor any person connected with them, ro¢9ivfjd any remuneration or axpen8es from the Charity in the year ended 5 April 2023 (2022: £nll). The Trust operated ts¥o Gospel Halls during the year.. and Trustses are chosen from among the regular congr9gation of the halls. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to their skills and experience and arè expected to use both in ftjrthering the objects of the Charity. Check5 are made to ensure the Trustees, eligibility to act and incoming Trustees are made aware of their responsibilities by the eslIng Trustees, who ènsure that new Trustees read the Trust Deed and relevant Charfty Commission guidance. Rlsk management The Trustèès have id8nlified and reviewed the major risks to which thè charity is gxposed and confirm that they have established systems or procedures to manage and mitigate those risks.
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Wldor network The Trustees maintain Infomial links wth similar charities wlth a view to pooling experienc8 considered useful in pursuing the objects of the Charity. The Charity also maintains particular linkB with the Chelmhall Gospel Hall Trust with which it shares members of its congregation. The tTuslees' report was approved by the Board of Trustees. Mr N J Taylor (Chalrl Trustee Dated.. 31 January 2024
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 5APRIL 2023 The trustees are responsible for preparing the Report of the TnJslees and the finandal statements in accordance th applicable law and United Kingdom Accountlng Standards Iuniled Kingdom Generally Accepted Accounting Practice). The law applicable to charf(ies in England and Wales, the Charities Act 2011. Charity (Accounts and Reports) Regulation$ and the provisions of the trust d99d requires the trustees lo prepare financial statements for each financial year which gwe a true and fair viaw of tha stale of affairs of the charty and ol the inming resources and applI110n of resources, including tho income and 8xpenditura, of the chanty for thal period. In preparing those finanaal statements, the trustees are requlred to.. select suilablo accounting policie5 and then apply them consislenlly,. observe the molhods and principle5 in the Charity SORP., make judgemgnls and eslimales that are reasonable and prudent., state whether applicable accounting 51and8rds have been followgd, subject to any matertal departures disclosed and explained in the financial staletnonls., prepare the financial statements on the going concem basis unle55 It is inappropriate to prasume that the charity will continue in business. Tha twstees are reSponsIb for keeping proper accounting records which disdose wth raasonable accuracy at any time the financial posttion of tha charity and to enable them to ensur& that th8 finanaal statements comply wlh the Charities Act 2011, the Charity (Accounts and Reports} Regulations and the provisions of the Trust Deed. They ar¢ also responsible for safeguarding the asse15 of the charity and hence for taking reasonable Steps for the prevention and dotectlon of fraud and other iTrggulariti9S.
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MILL ROAD TRUST 1982 I report lo the trustees on my examination of the financial statements of The Mill Road Trust 1982 (the tharityl lor the year ended 5 April 2023. Responslbllltl8$ and bas15 of report As the truslegs of the charity you are responslble for the preparation of the fjnancial statements in accord8n¢e wlth the requirgmgnls of the Charities Act 2011 (the 2011 Act). I report in rgspect of my èxaminatton of the charivs financial statements carrted out under section 145 of tho 2011 Act. In carrying OLtt my examination I have followed all the applicable Dlrections given by tho Charity Commission under 8ectlon 145(51(b) of the 2011 Act. Indepgndgnt oxaminer's statement Your attention Is drawn lo the fact that the charity has prepared finanoal statements in accordance Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Chariti8s'. Statement of Recommended Pralc0 issued on 1 April 2005 which is referred lo in the extant regulations but ha5 now bn withdrawn. l understand that this ha$ been donè in order for financial slalgments lo provide a true and fair view in accordance with Ggnofally Accepted Accounting Practice offoclivo for r8porting periods beginning on or after 1 January 2019. I have completed my examinatlon. I confirm Ihat no matters have come to my attenllon in connection with the examination giving me cause to believe that in any material respect.. accounting records were not k8pl in respect of the charity as requlred by section 130 of the 2011 Art or the financial statements do not accord those records.. or the financial slalements do not compty wth the applicable requirements conceming the fom and content of accounls sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gwe a INe and fair view which is not a matter considered as part of an independent examination. I hav8 no conc8m8 and have come acros5 no other matters in connectlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Robert Macoonald IFCCAI Moorg (South) LLP 33 The Clarersdon Centre Salisbury Business Park Dairy Meadow Lane Salisbury Wiltshire SP12TJ Dated.. 1 February 2024
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST BALANCE SHEET AS AT 5APRIL 2023 2023 2022 Notss Fixed assets Tangiblo assets 630,947 648.699 Current assèts Debtors Cash al bank and in hand 41,513 199,849 10,298 269,576 241.362 279.874 Credltors: amounts falllng duo wlthln one year 10 11.5571 13,076} Net current assets 239,805 276.798 Total ass•ts1oss currnnt Ilabllltles 870,752 925,497 Income funds Restricted fvnds Unrestricted fund8- general 582,078 288.674 474.158 444,449 870.752 925.497 The financial statements were approved by the Trustees on 31 January 2024 Mr M Sleedman
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accountlng pollGle• Charlty Inforniation The Salisbury Gospel Hall Trust is con5titutsd by a Deed of Trust datgd 13th July 1982, amended by various Deeds and most recently by Deed of Variation dated 9th January 2015. The Trust was registered w*th the Charity Commission for England and Wales on 5th July 1997 under Charity Registration Number 1063215 1.1 Accountlng conventlon The financial statements have been pr•pared in accordance with the charity. AcLounting and Rèporting by Charitigs.. Statement of Recommended Practice appllcable to charities preparing their accounts in accordance th the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {as amended for accounting periods common¢ing from 1 January 2019). Th8 charity is a Public Benaf(( Entsty a5 defined by FRS 102 The financial slalemenls have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Slatsment of Rocommerided Practice for charities applwng FRS 102 rather than the varsion of the Statement of Racommended Practico which is referred to in the Regulations but which has since been withdTawn. Th8 financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in thèse financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention unless otherwse staled in the relevant accoLAnting policy nole(s). 1.2 Golng concern Al tha lime of approvlng the financial statements. the truslegs have a reanable expectstion that the char has adequate resources to conts'nue in operational existence for the foreseeable future. Despite the increased cost of en8rgy, the trustees feel that these increased costs are not significantly impacting the ability of the charity to continue as a going concern. Thus. the trustees continue lo adopt the going concem basis of accountlng in preparing the financial statements. 1.3 Charltable funds Unrestrictad funds are available for use al th6 discretlon of the trustee5 in furtherance of their Charrtable objectives. Restllcted funds arise from donations lo the trust, which are made for a specific purpose. Re8trlcled funds can only be used for the purpose fr>r which funds were given. Restricted funds are held forthe acquisition of fvrther local meeting hall5. Endowment fijnds are subject to specific conditions by donors that the capital must be maintained by the chaflty. 1.4 Incomlng resourcos Income is recognised when the charity is legally entitled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income wll be recelved. Cash donations are recognised on receipt. other donations are recognised once the charity has boen notified of the donation, Lsnless performance conditions require defefral of the amount. Income tsx recovorable in relation to donatsons e1Ved under GIftAid or deod$ of covenant is recogni$8d at the time of the donation. Legacies are recognised ors receipt or otherwise if the charity has been notrfied of an impending distribution, the amount Is known, and receipt Is expected. If the amount is not known, the legacy 1$ treated as contingent asset.
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 A¢¢ountlng polkles Icontlnued) Donated service5 are recognisecl as income and expenditure In the financial Ststements when organisations or individuals offer their services and sUPPOrt pro bono. The valua of thasa donated services lo Salisbury Gospel Hall trust is eonsidered to be equal lo market value which would be paid were the service formally Procured. This includes servicas paid for by other trusts. 1.5 Rosources expended Expenditure is recognised onc9 there is a legal or constructtvè obligation to transfer economic beneff( lo third paty, il is probable that a transfer of economic benefft8 wll be required in settlement, and the amount of the obligation can be measured reliabty. ExpenditLtre is classified by activity. Thg Wsts of oach actfvlty are made up of the total of direct costs and shared costs, including support costs involv8d in undertaking each activity. Direct costs attributable to a single actlvity afe allocated directly to that activity. Shared costs which contribute lo mole than one activity and support costs which aro not attributable lo a single activity are apportioned betsveen those activities on a basis consistent with the use of resources. Central Staff wsl$ are allocated on the basis of time spent. and depreciation chaiges are allocated on the portion of the ass81's usa. Expenditure 15 recogni5ed once there is a legal or constructive obligation lo maka a payment lo a third paty, it is probable that settlernenl wll be requirod and the amount of the obligation can be measured reliably. Expenditur9 1$ classiflgd undgr the following activity headings- Expenditure on tharilable activittes, whlch indudes the costs of all activilles undertaken to further th8 purpose of the charity and their associated support costs. Support costs are those functions that assist the work of the charity bul do not diredy undert8ke charitable actwities. Support costs include office costs, financ6 Costs and govem8nce costs which support the charitys programme of activities. 1.6 Tanglble flxed assets Tangible fixed a$sels are initially measured al cost and subsequently measured al cost or valualon, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr usefvl lives on the following ba$es'. Frèehold land and buildings Buildings Fufniture, fixture and fittings 2% straight line 2% 5traighl line 20% slralght Ilne The gain or loss arising on the disposal of an as$el is detsrmined as the difference betsveen the sale proceeds and thè carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalrnient of fixed assets Al each reporting end dale, the charity reviews thè carying amounts of its tangible assets to determine whether there Is any Indicatlon that those assets have Suffered an impairment 105s. If any such indication exists, the recoverable amount of the asset is estimated in order to delerrTiine the extent of the impairment loss (if any). 1A Cash and cash 8qulval8nts Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments wth original maturities of three months or less. 10-
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2023 Accountlng pollci85 (Contlnuèdl 1.9 Flnanclal Instrumonts The chaTily has elected to appty the provlslons of Section 11 'Basic Finandal Inslrumenls. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial inslrumgnts are recognlsed In tha charitys balanc8 sheet when the charity becomes paty to the contractual provisions of the instrument Financial assets and liabilities are offset. with the net amounts presentsd in the financlal statements. when Ihgre is a legally enforceable rlght lo sel off the recognised amounts and there Is an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Bas1¢ financial assets, whieh include debtors and cash ancl bank balances, or8 Inftially measured at Iransadion pri¢a including transaction costs and are subsequently carried at amortised ¢osl using thg effective interest method unlgss the arrangement conslilules a financing transaction, where the transadion is measured al the present value of tha futura racaipts discounted al a market rate of interest. Financial assets dassified as receivable thin one year are not amortised. Basic financial liabilitios Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities classifled as payable thin one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective Interest rate method. Trade creditors are obligations to pay for goods or services that have been acquirgd in thg ordinary wurse of operations ftom suppliers. Amounts payable are classtfied as current liabilities if payment is due within on8 year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al Iransaclion pric8 and subs8quenlty measured al amortlsed cost using the affective interest method. Derncognltlon of flnanclal Ilabillt105 Flnancial liabi11ti88 are derecognised when the charity's contractual obligations oxpir8 or aTO discharged or cancelled. 1.10 Taxation The Trust is a reglslered charty and is not liable to United Kingdom incLJme or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes. Income frorn donatlon5 and legacles UnrgStrlcted Restrfcted funds fund5 2023 2023 Total Unrestrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Donations and gifts GiftAd refunds 36,000 96.414 20,078 132.414 20,078 39.000 55.666 8,918 94.666 8,918 36.000 116,492 152,492 39,000 64,584 103,584 11
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Incomè from donatlons and lggacles (Contlnuedl Unrestrictsd Restrlctsd funds funds 2023 2023 Total Unrestrlctgd Restrfctgd funds funds 2022 2022 Total 2023 2022 Donations and g1ft8 GfftAid Donations Non GiftAid Donations Contribution5 from the congregation 80,312 16,102 80,312 16,102 35,669 19,997 35,669 19,997 36.000 36,000 39,000 39.000 36.000 96.414 132.414 39,000 55.666 94,666 Expendlturo on charltable actlvltle8 2023 2022 Dlrect costs Depreciation and impairment Donation of Gospel Hall premises Donated Services Telephone Electricity. Gas & ter Insurance Landscaping & Waste Other Di5bursemgnls Repairs & Maintenance Other charitable expenditure 18,021 243.574 180,000 17,147 653 4,846 1,757 2.466 35 7,161 99 18,594 308 8,624 2,136 2.540 35 142,816 10,358 203,432 457,740 Share of support and governance Costs {$00 note 4) Govemance 3.805 5,580 207.237 463,320 Analysls by fund Unrestricted fijnds Restricted funds 198,665 8,572 463,320 207.237 463,320 12-
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Expendltur• on charltablg actlvltlgs {Contlnugdl Donated services Ashley Road Gospel Hall Trust Harnham Gospel Hall Trust Chelmhall Gospel Hall Trust Other Donations 1.762 1.837 14,103 892 Totsl 18,594 Support costs allocatsd to actlvltl•s 2023 2022 Governance costs 3.805 5,580 Analysed bètwoen: Charitable actwlties 3.805 5.580 Tru$toos None of the tnsstees lor any persons connected wth them) recelved any remuneration or beneffts from the charity during the year. Employees The average monthly number of employees during the year was- 2023 Number 2022 Number Total Salisbury Gospel Hall Trust relies enliraly on volunteers to carry out the management. adminislralion and general maintenance work. The Trust has no pald staff or paid Trustees. There were no employees whose annual remuneration was mor8 than £60,000. Taxatlon The chartty is exempt from tax on income and gains falling within section 505 of the TaxesAct 1988 or section 252 of the Taxation of Chaigeable GainsAct 3992 to tha extent that these are appliad to its charitsble objects. 13-
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Tanglble flxed assots Freehold land and bulldln Bulldln Fumlturn. fftxlur* and ritbng$ Ttstsl Cost Al 6 Aprfl 2022 Additions 415.680 600.250 1,989 1,017,919 269 269 At 5 April 2023 415.680 600,250 2,258 1,018,188 Dopreclatlon and Impalmient At 6 April 2022 Deprecsalion charged In the yèar 20.309 5.564 348.145 12.005 766 452 369,220 18,021 At 5 April 2023 25,873 360.150 1.218 387.241 Carrying amount At 5 April 2023 389,807 240.100 1.040 630,947 At 5 April 2022 395,372 252,105 1.222 648.699 Salisbury Gospel Hall Tru8t owns and operales The City Hall at Pembroke Road, Salisbury registered te 112444. During the previous year. the Church Road hall, prevlously owned by Salisbury Gospel Hall Trust, was donated to Chelmhall Gospel Hall Trust at market value. Dobtors 2023 2022 Amounts falllng due wIthln ono year: Other debtors Prepayments and accrued inwm9 40,078 1,435 8,918 1,380 41,513 10,298 10 Credltors: amounts falllng duo wlthln ong year 2023 2022 ArLruals and deferred income 1,557 3.078 14-
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 11 Analysls of net agsets between funds Unrestrlcted Unrestrl¢tsd funds funds general Deslgnated Fund 2023 Restrl¢ted funds Total 2023 2023 2023 Fund balances at S Aprll 2023 are rnpresented by: Tangible assets Current asselsl{liabililiesl 281,906 11221 349,041 233,037 630.947 239,805 6.890 281.784 6,890 582,078 870.752 Unrestrlcted Unrestrlctsd funds funds gon8ral De$lgnated Fund 2022 Rostrlctod funds Total 2022 2022 2022 Fund balances at 5 Aprfl 2022 are represented by: Tangible assets Current asselsllliabilrties) 648,699 {204.2501 648.699 276,798 6.890 474,158 444,449 6,890 474,158 925.497 15-
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 12 Fund5 Balance at 6 Aprll 2022 Galns. losses and transfers Balanc• at 5Aprfl 2023 Income Expendlturo R88trlctsd fund 474.158 116,492 18.5721 582,078 Total restrtctsd funds 474.158 116,492 18,5721 582,078 Unrestrlctgd funds General fund5 Designated funds 444.449 6,890 36,000 (198,6651 281,784 6.890 Total funds 925,497 152,492 1207,237) 870.752 Restricted funds are h81d with a view of the acquisition of a further local hall to accommodalg thg needs of an expanding congregation. Unrestrtcted general funds are held lo support the rep8i¥s required by the maln gospel hall. Deslgnated funds are fijnds held for 8mergency needs. Comparatlvg Informatlon In respoct of th• precodlng perlod Is as follows: Balance at 6 Aprfl 2021 Galns, losses and transfgrs Balance at S Aprll 2022 Incorna Expondlturn RO$trkt fund 409,574 64,584 474.158 Total restrlct8d funds 409,574 64.584 474.158 Unra$trl¢tsd funds General funds Designated funds 868,769 6.890 39,000 (463.320) 444.449 6,890 875.659 39,000 1463.320) 451,339 Total funds 1,265,233 103,584 1463,320) 925,497 18-
THE MILL ROAD TRUST 1982 SALISBURY GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 13 Related party transactlons During the year, aggregated donations of £25.08212022: £16,052) were rac9ived from related parties. Also duTing the year. the charity reirnbufsed R Sleedman £8,572 for prellminary expenses related lo the acquisition of a n8w local all sile. Further aggregated paymgnls wer& made to related parties lotalling £1.189 12022.. £357) for mainlanance works and othar trust expenses. 17-