## **Trustees Report & Unaudited Financial Statements**
Loughborough Gospel Hall Trust For the year ended 5 April 2023
## **Contents**
- **3** Legal and Administrative Information
- **4** Report of the Trustees
- **8** Report of the Independent Examiner
- **9** Statement of Financial Activities
- **10** Balance Sheet
- **11** Notes forming part of the Financial Statements
- **14** Resources Expended
- **15** Analysis of Net Assets - Current year
- **16** Analysis of Net Assets - Prior Year
- **17** Movement in Funds - Current Year
- **18** Movement in Funds - Prior Year
- **19** Comparative Statement of Financial Activities
23 Oct 2023 Page 2 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Legal and Administrative Information**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
## **Charity Name:**
Loughborough Gospel Hall Trust
## **Registered Charity Number:**
1157882
## **Trustees:**
Mr M Wheatcroft (Chair)
Mr A Bedford
Mr G Lowe
Mr D Bedford
Mr D Wheatcroft
## **Treasurer:**
Mr M Wheatcroft
**Principal Address:** 99 Cotes Road, Barrow Upon Soar, Loughborough, LE12 8JP
**Independent Examiner:**
Leon Taylor Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW
**Accountant:**
Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW
## **Bankers:**
National Westminster Bank Plc Market Place Loughborough LE11 3NZ
23 Oct 2023 Page 3 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Report of the Trustees**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
The trustees present their report along with the financial statements of the Charity for the year ended 5 April 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 11 and comply with the Trust Deed and applicable law.
## **Structure, Governance and Management**
## **Governing Document**
The Charity is an unincorporated trust constituted by a Deed of Trust dated 5th October 1992, most recently amended by Deed of Variation dated 28th February 2014. The trust was registered with the Charity Commission for England and Wales on 16th July 2014 under Charity Registration Number: 1157882
## **Recruitment and appointment of new Trustees**
The Trustees who have served during the year and since the year end are set out on page 3. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2023.
The Trust operates three Gospel halls and Trustees are chosen from among the regular congregation 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 are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees’ eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.
## **Wider Network**
The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity.
## **Risk Management**
The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established systems to manage and mitigate those risks.
## **Objectives and Activities**
## **Objectives and Aims**
The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed.
## **Public Benefit**
The Trustees confirm that they have complied with their duty under section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance to charities on public benefit.
Details of public benefit activities carried out by Loughborough Gospel Hall Trust can be found in the separate appendix to this report.
23 Oct 2023 Page 4 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
Report of the Trustees
## **Main activities and achievements**
The Trust provides and maintains two Gospel halls where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.
During the year the trust completed the purchase of a former Methodist Chapel for use as a local room.
The trustees have also operated an Emergency Needs fund for the duration of the coronavirus pandemic and any resultant economic downturn. This is providing limited financial assistance by the way of grocery vouchers to households, who have experienced a recent and significant decrease in income due to the pandemic, such that it is likely to impact on the health and/or welfare of members of the household. The trust has appointed a Local Welfare Panel to manage the application process and to administer the vouchers to qualifying applicants.
## **Plans for future periods**
Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern.
## **Meetings**
Meetings held at the Gospel halls include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 25 and 550 people normally attend these occasions.
The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preachers, also display this information.
Bibles and an extensive range of other Christian reading material are on display at the halls and visitors are free to help themselves.
23 Oct 2023 Page 5 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
Report of the Trustees
## **Spreading the Gospel message and the life of a Christian**
The Gospel halls are a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed.
Members of the congregation participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.
In carrying out this work, the congregation considers itself to be living out its faith in practice, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life:
- We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community (including former Brethren), in accordance with the teachings of Holy Scripture (1 Tim 2:2).
- We regularly go out from our homes to preach on the streets, to distribute Christian literature and engage with the wider community (including former Brethren) in order to present eternal salvation, available to all men by faith in Jesus Christ. (2 Tim 4:2).
- We seek as members of the public to lead Christian lives as husbands and wives, parents, children, employers, employees and neighbours. (Col 3:22-25, Col 4:1).
- The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127:3-5). 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 to be good neighbours to others, and deal with all other people (including former Brethren) openly, honestly and fairly and consistent with these principles, we should give our time, talents and money to 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 4:28).
## **Funding**
Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donations. Funding is sometimes received from other charitable trusts with complementary objectives.
## **Financial Review**
In the year ended 5 April 2023 the Trust had a surplus of incoming resources over resources expended. This is due to some larger donations being received to help fund the purchase of the new hall.
Total voluntary income received this year was £125,372 compared to £32,545 in the previous year.
All funds held were unrestricted funds.
## **Reserves Policy**
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining enough reserves to cover day to day expenditure and any urgent needs that may arise. The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and the Trustees aim to ensure that the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal to the congregation.
Free Reserves at the year end were £nil ( 2022: £282,083)
23 Oct 2023 Page 6 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
ReportultheTtU5tee5
Statement of Trustees Responsibilities
The trustees are responsible lor preparing the Report ol the Trustee5 and the financial statements in accordance with applicable
lèw and United Kingdom Accounting Stèndards (United Kingdom GenerallyAccepted Accounting Practice).
The law applicable to charities in England and Wales, the Ch3rities Act 2011, Charity (Accounts 3nd Reportsl Regulations and the
provisions of the Trust Deod requiro tho Trustees to prepare financial 5taternentsfor each fin3ntial yÈar which give a true and
fairviewof the state of affèirs of the Charity and of the Intotning resources and application of resources, inclvding the intome
nd expenditure, of the Charity for ihat period. In preparingth05e finantial statements, theTrustees are required to-.
5elec( SUlÉable accounting policie5 and then apply rhem tonsistently.
obseNe the method5 and principle5 Ill the Charity SORP IFRS 1021.,
makejudgements and estimates that are reasonable and prudent.,
state whether applitablo accountingstandards hève boÈn followed, subjectto any material departures disclosed and
explained in the financial sfatements.,
preparethe finzncial statements On the going concern basi5 unle55 it 15 inappropriatÈto presume that the charity will
continuè in operation.
Thetrustee5 are responsible lor keeplngproper accounting records which disilosewith reasonable accuracy at any time the
financial position of the charity 3nd to enable them to ensure that the financial statements comply with the Chèrities Act 2011,
the Charity IAccounts and Reports) Regulations and the provisions of the Trust Deed. They are 3150 re5pon5ible for5afeguardlng
the 35sets of the charity and hEnce fortoking reasonable Steps forthe prov¢ntion and detection of fraud and other irregularitie5.
All tran5action5have been reviewed and 3PPToved bytwo trustee5.
OnBe
If of the board..
Mr M Whe3tcroft trNsteel
/if/¥rf>-8
Date
TTU5tee5ftpport&Unèudited Inall(la[staltrrnets
Lou4bb)luugh Sp5ppI Hall TIu5L
230ct1023
Page70119
## **Report of the Independent Examiner**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
I report to the trustees on my examination of the accounts of the Loughborough Gospel Hall Trust for the year ended 5 April 2023.
## **Respective responsibilities of Trustees and Examiner**
The charity's trustees 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 Trust’s 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 Act.
## **Basis of Independent Examiner's Report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
## **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:
1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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.
...................................................................................................
Leon Taylor Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW
18 October 2023
23 Oct 2023 Page 8 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Statement of Financial Activities**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
|**Statement of Financial Activities**
**Loughborough Gospel Hall Trust**
**For the year ended 5 April 2023**|**Statement of Financial Activities**
**Loughborough Gospel Hall Trust**
**For the year ended 5 April 2023**|
|---|---|
|**UNRESTRICTED**
**FUNDS**
**DESIGNATED**
**FUNDS**
**RESTRICTED**
**FUNDS**
**TOTAL FUNDS**
**2023**
**TOTAL FUNDS**
**2022**||
|**Income and endowments:**||
||**Donations and Legacies:**|
||Contributions from the Congregation
43,903
-
-
43,903
10,896|
||Gift Aid Donations
4,155
-
-
4,155
2,179|
||Income Tax refunds
1,039
-
-
1,039
545|
||Non Gift Aid Donations
76,200
-
-
76,200
10,751|
||Congregation Support
-
75
-
75
8,175|
||Other Income
532
-
-
532
-|
|**Total Income and endowments:**
**125,829**
**75**
**-**
**125,904**
**32,545**
**Expenditure:**||
|Running Meeting Rooms (note 7)
63,143
-
-
63,143
47,741||
|Congregation Support (note 7)
6,556
-
-
6,556
7,950||
|Other Charitable Activities (note 7)
716
-
-
716
593||
|**Total Expenditure:**
**70,415**
**-**
**-**
**70,415**
**56,284**||
|**Net Income/(Expenditure)**
**55,414**
**75**
**-**
**55,489**
**(23,738)**
**Other Movements**||
||**Transfers between funds**|
||Funds Transfer
26,614
-
(26,614)
-
-|
|**Net Movement In Funds**
**82,028**
**75**
**(26,614)**
**55,489**
**(23,738)**
**UNRESTRICTED**
**FUNDS**
**DESIGNATED**
**FUNDS**
**RESTRICTED**
**FUNDS**
**TOTAL FUNDS**
**2023**
**TOTAL FUNDS**
**2022**||
|**Reconciliation of funds (note 9)**||
|Total Funds bought forward
1,246,421
(75)
26,614
1,272,960
1,296,699||
|Net movement in funds
82,028
75
(26,614)
55,489
(23,738)||
|**Total Funds carried forward**
**1,328,449**
**-**
**-**
**1,328,449**
**1,272,960**||
The notes on page 11 - 18 form part of these financial statements.
23 Oct 2023 Page 9 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
Balance Sheet
Loughborough Gospel Hall Trust
As at 5 April 2023
2023
2022
Fixed Assets
1.333,341
1.333J41
964,2S3
Total FIxEdAs$ets
964,263
Current a5setS
PTepayrnefirs arid uccrued Income
3.956
1,965
Cash ai bank and In hand
77,650
309.197
Total Currentassets
80,606
311.162
Creditors.. amounts fallin
due withln one
Loan5
83.000
2,497
2.465
Total Credltors.. amounts lalllniduewlthln one year
85.457
2,465
Net current a55et5111iabilitie51
3DH,697
Total assets less current liablllties
1,328,449
1,272,960
Net Assets
1,328.449
J,272,960
Funds Inote 8
26,G14
1,328,449
1,246,316
1,271,960
Total Fund5
1.328.449
The unaudited
Trust on
n3nclal stdtement5 were approved and authori5ed lor issue bythe Trustees ol Loughborough Gospel Hall
A..........and woro si8nod on its bo.hall by,.
Mr M Wheatcroft (Trusteel
The note5 on pages 11. 18foirn part of these fjnanclalsiat¢menlS.
Tw5tvsRoport&VnavdltedFiDinclal 5tètemEnts
LutsghbDiouÈhfjospelHalllru5t
230cl2023
## **Notes forming part of the Financial Statements Loughborough Gospel Hall Trust For the year ended 5 April 2023**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of financial statements**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and incorporating update bulletins 1 and 2, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.
The functional currency of the charity is sterling (£).
The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **1.2 Income**
Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates.
Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Loughborough Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.
Investment income is accounted for on a receivable basis.
## **1.3 Expenditure**
Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Charitable activities comprise those costs directly attributable to the fulfilment of the charitable objects.
## **1.4 Governance and support costs**
Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.
## **1.5 Tangible fixed assets and depreciation**
Tangible fixed assets (costing more than £100) are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:
|Freehold buildings|2.5% straight line|
|---|---|
|Property improvements|3% straight line|
|Fixtures and Fittings|10% reducing balance|
|Computer Equipment|25% straight line|
23 Oct 2023 Page 11 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
Notes forming part of the Financial Statements
## **1.6 Taxation**
The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes.
## **1.7 Funds**
The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust’s charitable objects.
Restricted funds arise from donations to the trust, which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.
## **1.8 Preparation of consolidated financial statements**
The Charity does not have a trading subsidiary.
## **1.9 Going Concern**
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
## **1.10 Significant estimates and judgements**
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **2. TRUSTEES' REMUNERATION AND EXPENSES**
No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2022: none)
## **3. WAGES AND SALARIES**
There are no employees (2022: none)
23 Oct 2023 Page 12 of 19
Trustees Report & Unaudited Financial Statements
Loughborough Gospel Hall Trust
Notes forming part of the Financial Statements
## **4. Tangible Fixed Assets**
|**Cost**|Freehold Land
& Buildings -
Herrick Road|Freehold Land &
Buildings -
Osgathorpe|Freehold Land &
Buildings -
Thringstone|Fixtures,
Fittings &
Equipment|Computer
Equipment|Totals|
|---|---|---|---|---|---|---|
|At 6 April 2022|78,859|1,130,192|-|17,516|-|1,226,567|
|Additions|-|-|396,207|1,065|1,134|398,406|
|Disposals|-|-|-|-|-|-|
|At 5 April 2023|78,859|1,130,192|396,207|18,581|1,134|1,624,973|
|**Depreciation**|||||||
|At 6 April 2022|28,611|223,265|-|10,428|-|262,304|
|Current Year
Depreciation|1,770|22,379|4,270|764|146|29,329|
|Eliminated on
disposals|-|-|-|-|-|-|
|At 5 April 2023|30,381|245,644|4,270|11,191|146|291,633|
|**Net Book Value**|||||||
|At 5 April 2023|48,478|884,547|391,937|7,390|988|1,333,341|
|At 5 April 2022|50,248|906,927|-|7,089|-|964,263|
Land registry titles of the above property held are LT78043, LT162748, LT110071.
## **5. TRANSACTIONS WITH RELATED PARTIES**
During the financial year, aggregated donations of £76,275 (2022: £18,926) were received. The trust made reimbursements to trustees, totalling £4,107 (2022: £8,306) for trust expenses paid on the trust behalf. Payments totalling £1,098 for maintenance work carried out during the period were made to Avansys LLP, a company in which Michael Wheatcroft and Daniel Wheatcroft are members.
During the financial year loans to the trust were made by Allan Bedford (£50,000) & Michael Wheatcroft (£33,000), both of whom are trustees. These loans are due to be paid back in the 2023/24 financial year.
## **6. VOLUNTEERS**
Loughborough Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.
23 Oct 2023 Page 13 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Resources Expended**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
## **7. Resources Expended**
||**MEETING ROOMS**|**OTHER**
**CHARITABLE**
**ACTIVITIES**|**TOTAL COSTS**
**2023**|**TOTAL COSTS**
**2022**|
|---|---|---|---|---|
|**Direct Costs**|||||
|Premises costs - repairs and maintenance|11,708|-|11,708|3,055|
|Premises costs - heat, light and power|8,121|-|8,121|5,384|
|Premises costs - rent and rates|6,807|-|6,807|6,599|
|Telephone|821|-|821|615|
|Health and Safety|44|-|44|-|
|Legal and professional|2,105|-|2,105|4,535|
|Bank charges|132|-|132|-|
|Congregation Support|-|6,556|6,556|7,950|
|Public outreach expenses|-|716|716|593|
|Depreciation|29,329|-|29,329|24,937|
|Insurance|2,638|-|2,638|1,670|
|Governance|1,438|-|1,438|946|
|**Total Direct Costs**|**63,143**|**7,272**|**70,415**|**56,284**|
Governance costs include £180 (prior year: £180) in respect of independent examiners fees.
23 Oct 2023 Page 14 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Analysis of Net Assets - Current year**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
## **8. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|8.1 Current Year|||||
|---|---|---|---|---|
||**UNRESTRICTED**|**DESIGNATED**|**RESTRICTED**|**TOTAL FUNDS**|
||**FUNDS**|**FUNDS**|**FUNDS**|**2023**|
|**Funds**|||||
|Tangible Fixed Assets|1,306,727|-|26,614|1,333,341|
|Current Assets|107,220|-|(26,614)|80,606|
|Current Liabilities|(85,497)|-|-|(85,497)|
|**Total Funds**|**1,328,449**|**-**|**-**|**1,328,449**|
23 Oct 2023 Page 15 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Analysis of Net Assets - Prior Year**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
## 8.2 Prior Year
||**UNRESTRICTED**|**DESIGNATED**|**RESTRICTED**|**TOTAL FUNDS**|
|---|---|---|---|---|
||**FUNDS**|**FUNDS**|**FUNDS**|**2022**|
|**Funds**|||||
|Tangible Fixed Assets|964,263|-|-|964,263|
|Current Assets|284,623|(75)|26,614|311,162|
|Current Liabilities|(2,465)|-|-|(2,465)|
|**Total Funds**|**1,246,421**|**(75)**|**26,614**|**1,272,960**|
23 Oct 2023 Page 16 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Movement in Funds - Current Year**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
## **9. Movement in Funds**
9.1 Movement in funds - current year
||**UNRESTRICTED**|**DESIGNATED**|**RESTRICTED**|**TOTAL FUNDS**|
|---|---|---|---|---|
||**FUNDS**|**FUNDS**|**FUNDS**|**2023**|
|**Movement in Funds**|||||
|Total funds bought forward|1,246,953|(75)|26,614|1,273,492|
|Incoming resources|125,297|75|-|125,372|
|Resources expended|(70,415)|-|-|(70,415)|
|Transfers between funds|26,614|-|(26,614)|-|
|**Total funds carried forward**|**1,328,449**|**-**|**-**|**1,328,449**|
23 Oct 2023 Page 17 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Movement in Funds - Prior Year**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
## **9. Movement in Funds**
9.2 Movement in funds - Prior year
||**UNRESTRICTED**|**DESIGNATED**|**RESTRICTED**|**TOTAL FUNDS**|
|---|---|---|---|---|
||**FUNDS**|**FUNDS**|**FUNDS**|**2022**|
|**Movement in Funds**|||||
|Total funds bought forward|1,270,385|(300)|26,614|1,296,699|
|Incoming resources|24,370|8,175|-|32,545|
|Resources expended|(48,334)|(7,950)|-|(56,284)|
|**Total funds carried forward**|**1,246,421**|**(75)**|**26,614**|**1,272,960**|
23 Oct 2023 Page 18 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## **Comparative Statement of Financial Activities**
## **Loughborough Gospel Hall Trust For the year ended 5 April 2023**
|**Comparative Statement of Financial Activities**
**Loughborough Gospel Hall Trust**
**For the year ended 5 April 2023**|**Comparative Statement of Financial Activities**
**Loughborough Gospel Hall Trust**
**For the year ended 5 April 2023**|
|---|---|
|**UNRESTRICTED**
**FUNDS**
**DESIGNATED**
**FUNDS**
**RESTRICTED**
**FUNDS**
**TOTAL FUNDS**
**2022**||
|**Income and endowments:**||
||**Donations and Legacies:**|
||Contributions from the Congregation
10,896
-
-
10,896|
||Gift Aid Donations
2,179
-
-
2,179|
||Income Tax refunds
545
-
-
545|
||Non Gift Aid Donations
10,751
-
-
10,751|
||Congregation Support
-
8,175
-
8,175|
|**Total Income and endowments:**
**24,370**
**8,175**
**-**
**32,545**
**Expenditure:**||
|Running Meeting Rooms (note 7)
47,741
-
-
47,741||
|Congregation Support (note 7)
-
7,950
-
7,950||
|Other Charitable Activities (note 7)
593
-
-
593||
|**Total Expenditure:**
**48,334**
**7,950**
**-**
**56,284**||
|**Net Income/(Expenditure)**
**(23,963)**
**225**
**-**
**(23,738)**||
|**Net Movement In Funds**
**(23,963)**
**225**
**-**
**(23,738)**
**UNRESTRICTED**
**FUNDS**
**DESIGNATED**
**FUNDS**
**RESTRICTED**
**FUNDS**
**TOTAL FUNDS**
**2022**||
|**Reconciliation of funds (note 9)**||
|Total Funds bought forward
1,270,385
(300)
26,614
1,296,699||
|Net movement in funds
(23,963)
225
-
(23,738)||
|**Total Funds carried forward**
**1,246,421**
**(75)**
**26,614**
**1,272,960**||
23 Oct 2023 Page 19 of 19
Trustees Report & Unaudited Financial Statements Loughborough Gospel Hall Trust
## Loughborough Gospel Hall Trust
##
One of the Trust’s principal activities that furthers its objects is providing a facility for the coordination of “outreach” work into the wider community.
Members of the congregation, acting under the directions of the trustees and with their full active encouragement, have continued with “outreach” work which they have carried out for many years.
**1**
## Loughborough Gospel Hall Trust
## 2022-23 Summary
complied with their duty under section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance to charities on public benefit.
Despite the unique challenges we have been faced with as a result of the COVID 19 pandemic, the trustees and the regular congregation members were determined to continue their public benefit works and we have found this year has demanded even more resource as we support people and communities around our places of worship, including many who have been struggling due to the increased cost of living
**2**
## Loughborough Gospel Hall Trust
## Street Preaching & Tract Distribution
We have a dedicated group of members who are committed to the street preaching and distribution of tracts in the town centre of Loughborough.
Around 10 community members preach regularly. Around 500 street preachings were preached throughout the year, spreading the light of the gospel message.
A supply of gospel tracts, literature and Bibles is maintained by the Trust in the foyer of the main Gospel Hall and this is advertised by the Sign Board at the main entrance. These are available to the general public free of charge.
followed up fully, and where applicable people have been directed to the following website where literature can be purchased or downloaded for reading in multiple languages.
_https://christiandoctrineandgospelpublishing.org/_
Members of the congregation have continued to hand out tracts to neighbours and people in need when they have met them. Other church leaders and ministers from time to time request some of the early printed ministry by the leaders which is made available from the website listed above.
**3**
## Loughborough Gospel Hall Trust
## Working with other charities
LGHT has supported the work of a separate charity, the Rapid Relief Team, whose main focus during the last 12 months has been on a national food box campaign, and over the past few months, food boxes providing vital support for Ukrainian refugees.
The RRT Food Boxes are designed to feed a family of 4 for up to 4 days and bring some relief and joy to households during their time of pressure and crisis. Loughborough volunteers were part of teams who assembled thousands of food boxes over several events for the RRT Operation 322 Ukraine Refugee Appeal. The local RRT team donated 32 food boxes, 2 Early Bird learning kits, and 400 Smarrt energy snack bars to St. Botolph’s Primary School in Shepshed.
Our local RRT volunteers provided a 2 hot BBQ lunches for the Steps Conductive Education Centre in Shepshed. The first took place in July 22, where the team provided 65 meals. The second took place in December 22, and the team provided 61 meals.
Many members of the congregation are regular donors to the RRT, especially business owners.
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Charities supported
12
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The trust has also supported the following charities with donations of food and hygiene products and cash donations to support and further their worthy causes; Ashby Food Bank, Coalville Food Bank, Exaireo Trust, Greenhill Community Church, John Storer House, Loughborough Area Food Bank, New Life Church, PACE, Passion Youth Project Shepshed, Project 5000 Emmanuel Church, Shepshed Food Bank and The Salvation Army.
**4**
## Loughborough Gospel Hall Trust
## Further plans for 2023-24
The trust is committed to the ongoing support of other charities and always welcomes fresh opportunities to support causes that align with our Christian values, showing love, compassion and care towards those who need it most.
**5**