This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2020-12-31-accounts

			Pages
Reference and administrative details
Report ofthe	trustees		4-8
Independent	examiner's report
Statement of	financial	activities	10
Balance sheet
Notes to the financial		statements	12-17

Charity name	Charity name	Charity name	Sussex Vale Gospel	Sussex Vale Gospel	Sussex Vale Gospel	Hall	Trust
Registered		charity number	1157889
Trustees			Mr BCowley	(appointed			6 March 2020)
			Mr 5 Gould
			Mr P Holding	(chair)
			Mr D McMullan
Treasurer			Mr D McMullan
Principal	address		Brethren's Gospel			Hall
			London Road
			Albourne
			Hassocks
			West Sussex
			BN6 9BL
Independent		examiner	Mr Keith Bellenie		FCCA
			Keith Bellenie	Ik Co Ltd,
			Chartered Certified			Accountants,
			3 Cecilian Court,
			Cecilian Avenue,
			Worthing,
			BN14 8AP
Bankers			Santander UK	pic
			Business Banking
			301StVincent	Street
			G Iasgow
			G2 5NT
Solicitors			Wace Morgan	Tomleys
			31Market Street
			Newtown
			Powys
			SY162PG

					Unrestricted	Restri cted	Tota I Funds	Total Funds
					Funds	Funds	2020	2019
				o	f		E	f
Income and endowments		from:
Donations Ik legacies					121,575		121,575	148,862
Other income					3		3	7
Investments
Rank interest					214		214	198
Other
Profit on sale of	assets
Total				6	121,792		121,792	149,067
Expenditure on:
Charitable activities:
Premises costs					53,016		53,016	149,448
Other					3,219		3,219	13,190
Congregation support					12,675		12,675
Cost of donated	services				3,324		3,324	4,289
Total					72,234		72,234	166,927
Net income/(expenditure)					49,558		49,558	(17,860)
Gains/(losses) on revaluation			of
fixed assets
Net movement in funds					49,558		49,558	(17,860)
Reconciliation offunds
Tata I funds brought forward					2,481,912		2,481,912	2,499,772
Total funds carried forward					2,531,470		2,531,470	2,481,912

				2020	2019
			Notes	f	6
Fixed assets
Tangible	fixed assets			2,316,235	2,813,800
Current assets
Debtors				9,195	11,508
Cash at	bank and in	hand		214,150	116,137
Total current assets				223,345	127,645
Current liabilities
Creditors	due within	one year		8,110	9,533
Net current assets				215,235	118,112
Total assets less current liabilities				2,531,470	2,931,912
Liabilities
Creditors	due after more than one year				450,000
Net assets				2,531,470	2,481,912
Funds
Unrestricted				2,531,470	2,481,912
Restricted
Total funds				2,531,470	2,481,912

			2020	2019
			E	f
Charitable		activities
Premises expenses
		Repairs &.maintenance	273	40,646
		Health &.safety, security	887	1,563
		Consumables	196	1,052
		Utilities	7,923	6,420
		Insurance	1,852	1,893
		Depreciation	40,307	95,652
		Rates &taxes	1,578	2,222
Congregation Support			12,675
Events	&.outreach		72	10,763
Donated services			3,324	4,289
Administration			142	136
Governance			3,005	2,291
Total			72,234	166,927

		2020	2019
		f	E
Donations	gift aidable	28,807	51,420
Donations	not gift aidable	34,573	24,599
Payroll giving		10,691	11,984
Allocated	from congregation	40,187	48,000
Tax refund	for gift aid	7,317	12,859
Legacies
Bank interest		214	198
Other		3	7
		121,792	149,067

Tangible fixed	assets
		Freehold	Furniture,
		Property and	fixtures and
		Refurbishmentf	fittingsf	Total 6
Cost
B/f 1January	2020	3,524,159	34,206	3,558,365
Additions		42,742		42,742
( Dis p os a I s)		(500,000)		(500,000)
At 31Decembe r 2020		3,066,901	34,206	3,101,107
Depreciation
B/f 1January	2020	719,283	25,282	744,565
Charge for the year		38,968	1,339	40,307
Impairment
Disposals
At 31December 2020		758,251	26,621	784,872
Net book value
At 31December 2020		2,308,650	7,585	2,316,235
At 31December 2019		2,804,876	8,924	2,813,800

8.1	Debtors and prepayme	nts
			2020	2019
			6	6
	Gift Aid due		7,202	9,779
	Insurance refund	due	54
	Pre payme nts		1,939	1,729
	Total debtors		9,195	11,508
8.2	Creditors and accruals
			2020 6	2019f
	Other creditors		6,730	8,213
	Accruals and deferred income		1,380	1,320
	Total creditors		8,110	9,533

9.	Analysis of	net assets	between	funds
					Unrestricted	Restricted
					funds	funds		Total funds
					f	f
9.1	Current year 2020
	Tangible fixed assets				2,316,235			2,316,235
	Current assets				223,345			223,345
	Liabilities				(8,110)			(8,110)
	Total funds				2,531,470			2,531,470
9.2	Prior year	2019
	Tangible fixed assets				2,813,800			2,813,800
	Current assets				127,645			127,645
	Liabilities				(459,533)			(459,533)
	Total funds				2,481,912			2,481,912
10.	Movement	in funds
							Realised/
			Balance		Incoming	Resources	unrealised	Balance 31
			1Januaryf		resourcesf	expendedf	gains/lossf	Decemberf
10.1	Current year	2020
	Restricted funds
	Unrestricted	funds	2,481,912		121,792	(72,234)		2,531,470
Total funds			2,481,912		121,792	(72,234)		2,531,470
10.2	Pr iorye ar 2019
	Restricted funds
Unrestricted		funds	2,499,772		149,067	(166,927)		2,481,912
Total funds			2,499,772		149,067	(166,927)		2,481,912