REGISTERED NUMBER: 1159102
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 05 APRIL 2021
Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW
DOWNHAM GOSPEL HALL TRUST REPORT AND FINANCIAL STATEMENTS
CONTENTS
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Page
Reference and administrative information 2
Report of the Trustees 3 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 13
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Page 1
DOWNHAM GOSPEL HALL TRUST LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 05 APRIL 2021
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CHARITY NAME: Downham Gospel Hall Trust
REGISTERED CHARITY NUMBER: 1159102
TRUSTEES: Adrian Samways (Chairman)
Charles McIntyre
Stephen Turner
Kevin Carvell
Karl Brothers
TREASURER: Stephen Turner
PRINCIPAL ADDRESS: 29 Gravel Hill Lane
West Winch
Kings Lynn
Norfolk
PE33 0QG
INDEPENDENT EXAMINER: Kerry Taylor
Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
ACCOUNTANT: Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
BANKERS: HSBC Bank plc
23 New Conduit Street
The Vancouver Centre
Kings Lynn
Norfolk
PE30 1ET
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Page 2
DOWNHAM GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
The Trustees present their report along with the financial statements of the Charity for the year ended 05 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page ten 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 13 November 1979, most recently amended by Deed of Variation dated 08 August 2014. The Trust was registered with the Charity Commission for England and Wales on 06 November 2014 under Charity Registration Number: 1159102
Recruitment and appointment of new trustees
The Trustees who have served during the year and since the year end are set out on page 2. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 05 April 2021 (2020: £nil).
The Trust operates 2 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 Trustees of similar Trusts with a view to pooling experience considered useful in pursuing the objects of the Trust. The Charity also maintains particular links with The Southgates Trust, who Downham Gospel Hall Trust pay most of The Southgates Trust expenses on its behalf.
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. The Trust continued to support the local Food Bank Scheme, an organisation that the Trust has consistently supported for the past few years.
Plans for future periods
From 18th March 2020, Downham Gospel Hall Trust ceased using the gospel halls which it operates. This was a result of the global Covid-19 pandemic and the general lockdown imposed by the government on 23rd March 2020. The Trust aims to use the gospel halls again once the lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the Trust to continue as a going concern.
Page 3
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
Main activities and achievements
The Trust provides and maintains gospel halls for the religious activities of Christians often referred to as 'Brethren'. Details of the origins, teachings and way of life of the Brethren can be found on their website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.
An upgrade of Willow Drive was completed to support residents in close proximity to the main Gospel Hall, at a cost of £1,177.92.
The trustees have also established an Emergency Needs fund for the duration of the current 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.
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 40 and 400 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.
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).
Page 4
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
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
Financial position
In the year ended 05 April 2021 the Trust had a modest surplus of incoming resources over resources expended. Total voluntary income received this year was £171,352 compared to £142,793 in the previous year.
All funds held were unrestricted funds.
During the year, the following loan repayment was made:
£48,750 to Central Gospel Hall Trust.
Reserves policy
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim for the charity to hold approximately £10,000 in a current account to meet the day to day expenses, plus an allowance for any urgent repairs and capital expenses. The Trustees will endeavour not to set aside funds unnecessarily. Free reserves accumulated in excess of the minimum will be used at the discretion of the trustees for the strategic development of Downham Gospel Hall Trust. 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.
Free reserves at the year end were £156,252.
Page 5
DOWNHAM GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They 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.
On behalf of the board:
Mr S Turner (Trustee)
Date
Page 6
REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF THE DOWNHAM GOSPEL HALL TRUST
FOR THE YEAR ENDED 05 APRIL 2021
I report to the trustees on my examination of the accounts of the Downham Gospel Hall Trust for the year ended 05 April 2021.
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 THE 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 faire 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.
K Taylor Oldfield Advisory Santis House Curriers Close Coventry CV4 8AW 24 May 2021
Page 7
DOWNHAM GOSPEL HALL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 05 APRIL 2021
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Unrestricted Designated Restricted Total funds Total funds
Funds Funds Funds 2021 2020
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies:
Collections 51,666 - - 51,666 46,164
Contributions from the congregation 51,006 38,175 - 89,181 56,040
Gift Aid donations 23,295 - - 23,295 31,610
Income tax refunds 5,829 - - 5,829 7,903
Donated services 4 - - - - -
Payroll giving 1,381 - - 1,381 1,076
- - - -
Legacies
Grants received - - - - -
Investments:
Bank interest 88 - 88 283
Other
Interments - - - - -
Other interest - - - - -
Total 133,265 38,175 - 171,440 143,076
Expenditure on:
Charitable activities
Running meeting rooms 5 95,864 - - 95,864 111,693
Cost of donated services 4 3,117 - - 3,117 5,496
Congregation support - 37,725 - 37,725 -
Total 98,981 37,725 - 136,706 117,189
Net income/(expenditure) 34,284 450 - 34,734 25,887
- - - - -
Gains/(losses) on revaluation of fixed assets
Net movement in funds 34,284 450 - 34,734 25,887
Reconciliation of funds
Total funds bought forward 2,445,822 - - 2,445,822 2,419,935
Total funds carried forward 2,480,106 450 - 2,480,556 2,445,822
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The notes on pages 10 to 13 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.
Page 8
DOWNHAM GOSPEL HALL TRUST BALANCE SHEET AS AT 05 APRIL 2021
| Notes £ £ Fixed Assets Tangible assets 6 2,432,054 Current Assets Prepayments and accrued income 7,178 Cash at bank and in hand 189,094 196,272 Current liabilities Creditors: amounts falling due within one year: Short term loans (39,000) Accruals and deferred income (1,020) Net current assets 156,252 Total assets less current liabilities 2,588,306 Creditors: amounts falling due after more than one year: Loan 107,750 Net assets 2,480,556 Funds Restricted funds - Unrestricted income fund 2,480,556 Total funds 8 2,480,556 2021 |
£ £ 2,476,103 9,006 157,233 166,239 (39,000) (1,020) 126,219 2,602,322 156,500 2,445,822 - 2,445,822 2,445,822 2020 |
|---|---|
The unaudited financial statements were approved and authorised for issue by the Trustees of Downham Gospel Hall Trust on …………………..……….and were signed on its behalf by
Mr S Turner (Trustee)
The notes on pages 10 to 13 form part of these financial statements
Page 9
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
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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 Downham 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
Fixtures and Fittings 10% Reducing balance
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 Going concern
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. 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.
From 18th March 2020, Downham Gospel Hall Trust ceased using the gospel halls which it operates, due to the global Covid-19 pandemic
and the general lockdown imposed by the government. The trustees do not consider that the Covid-19 pandemic will have any effect on
the ability of the trust to continue as a going concern.
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 (2020: None).
3. WAGES AND SALARIES
There are no employees (2020: none).
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Page 10
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
4. DONATED SERVICES
| Donated to: The Southgates Trust 5. RESOURCES EXPENDED Direct costs Repairs and maintenance Donations and gifts Insurance Water rates Light and heat Telephone and broadband costs Legal and professional Secretarial support Sundry expenses Depreciation Public outreach work Support costs Bank charges Governance |
Year ended 05 April 2021 £ 3,117 Meeting rooms £ 6,092 - 1,771 1,408 16,118 970 4,905 515 561 60,979 347 1,020 94,686 |
Other charitable activities £ - - - - - - - - - - 1,178 - - 1,178 |
Year ended 05 April 2020 £ 5,496 Year ended 05 April 2021 £ 6,092 - 1,771 1,408 16,118 970 4,905 515 561 60,979 1,178 347 1,020 95,864 |
Year ended 05 April 2020 £ 18,076 645 1,681 1,495 23,067 1,052 1,851 1,215 612 60,503 112 364 1,020 111,693 |
|---|---|---|---|---|
Governance costs include £180 (2020: £180) in respect of independent examiner’s fees.
6. TANGIBLE FIXED ASSETS
| Cost At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 |
Freehold property - West Winch Hall £ 2,108,916 12,222 2,121,138 223,903 43,685 267,588 1,853,550 1,885,013 |
Freehold property - 34 Downham Road Watlington £ 291,523 4,708 296,231 40,812 7,363 48,175 248,056 250,711 |
Freehold property - 15 Fen Road Watlington £ 157,932 - - 157,932 22,110 3,948 26,058 131,874 131,874 |
Freehold property - Stoke Road Shouldham £ 234,354 - 234,354 31,117 5,859 36,976 197,378 203,237 |
|---|---|---|---|---|
Page 11
DOWNHAM GOSPEL HALL TRUST FOR THE YEAR ENDED 05 APRIL 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
| At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 |
Fixtures and Fittings £ 2,384 2,384 1,064 124 1,188 1,196 1,320 |
Totals £ 2,795,109 16,930 - 2,812,039 319,006 60,979 - 379,985 2,432,054 2,476,103 |
|---|---|---|
Property Details:
Land registry titles of the above property held are NK330843, NK127175, NK244794 and NK99617.
-
ANALYSIS OF NET ASSET BETWEEN FUNDS
-
7.1 Current year
| Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds 7.2 Prior year Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds |
Unrestricted funds £ 2,432,054 196,272 (40,020) (107,750) 2,480,556 Unrestricted funds £ 2,476,103 166,239 (40,020) (156,500) 2,445,822 |
Restricted funds £ - - - - - Restricted funds £ - - - - - |
Total funds £ 2,432,054 196,272 (40,020) (107,750) 2,480,556 Total funds £ 2,476,103 166,239 (40,020) (156,500) 2,445,822 |
|---|---|---|---|
-
MOVEMENT IN FUNDS
-
8.1. Current year
| Restricted funds Unrestricted funds Total funds |
Fund balance At 06 April 2020 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2021 £ £ £ £ £ - - - - - 2,445,822 171,440 (136,706) - 2,480,556 2,445,822 171,440 (136,706) - 2,480,556 |
|---|---|
Page 12
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
8.2. Prior year
| Restricted funds Unrestricted funds Total funds |
Fund balance At 06 April 2019 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2020 £ £ £ £ £ - - - - - 2,419,935 143,076 (117,189) - 2,445,822 2,419,935 143,076 (117,189) - 2,445,822 |
|---|---|
9. TRANSACTIONS WITH RELATED PARTIES
Donations totalling £55,345 (2020: £52,645) have been received from related parties of the trustees.
10. VOLUNTEERS
Downham 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.
Page 13
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REGISTERED NUMBER: 1159102
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 05 APRIL 2021
Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW
DOWNHAM GOSPEL HALL TRUST REPORT AND FINANCIAL STATEMENTS
CONTENTS
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Page
Reference and administrative information 2
Report of the Trustees 3 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 13
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Page 1
DOWNHAM GOSPEL HALL TRUST LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 05 APRIL 2021
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CHARITY NAME: Downham Gospel Hall Trust
REGISTERED CHARITY NUMBER: 1159102
TRUSTEES: Adrian Samways (Chairman)
Charles McIntyre
Stephen Turner
Kevin Carvell
Karl Brothers
TREASURER: Stephen Turner
PRINCIPAL ADDRESS: 29 Gravel Hill Lane
West Winch
Kings Lynn
Norfolk
PE33 0QG
INDEPENDENT EXAMINER: Kerry Taylor
Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
ACCOUNTANT: Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
BANKERS: HSBC Bank plc
23 New Conduit Street
The Vancouver Centre
Kings Lynn
Norfolk
PE30 1ET
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Page 2
DOWNHAM GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
The Trustees present their report along with the financial statements of the Charity for the year ended 05 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page ten 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 13 November 1979, most recently amended by Deed of Variation dated 08 August 2014. The Trust was registered with the Charity Commission for England and Wales on 06 November 2014 under Charity Registration Number: 1159102
Recruitment and appointment of new trustees
The Trustees who have served during the year and since the year end are set out on page 2. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 05 April 2021 (2020: £nil).
The Trust operates 2 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 Trustees of similar Trusts with a view to pooling experience considered useful in pursuing the objects of the Trust. The Charity also maintains particular links with The Southgates Trust, who Downham Gospel Hall Trust pay most of The Southgates Trust expenses on its behalf.
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. The Trust continued to support the local Food Bank Scheme, an organisation that the Trust has consistently supported for the past few years.
Plans for future periods
From 18th March 2020, Downham Gospel Hall Trust ceased using the gospel halls which it operates. This was a result of the global Covid-19 pandemic and the general lockdown imposed by the government on 23rd March 2020. The Trust aims to use the gospel halls again once the lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the Trust to continue as a going concern.
Page 3
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
Main activities and achievements
The Trust provides and maintains gospel halls for the religious activities of Christians often referred to as 'Brethren'. Details of the origins, teachings and way of life of the Brethren can be found on their website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.
An upgrade of Willow Drive was completed to support residents in close proximity to the main Gospel Hall, at a cost of £1,177.92.
The trustees have also established an Emergency Needs fund for the duration of the current 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.
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 40 and 400 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.
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).
Page 4
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
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
Financial position
In the year ended 05 April 2021 the Trust had a modest surplus of incoming resources over resources expended. Total voluntary income received this year was £171,352 compared to £142,793 in the previous year.
All funds held were unrestricted funds.
During the year, the following loan repayment was made:
£48,750 to Central Gospel Hall Trust.
Reserves policy
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim for the charity to hold approximately £10,000 in a current account to meet the day to day expenses, plus an allowance for any urgent repairs and capital expenses. The Trustees will endeavour not to set aside funds unnecessarily. Free reserves accumulated in excess of the minimum will be used at the discretion of the trustees for the strategic development of Downham Gospel Hall Trust. 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.
Free reserves at the year end were £156,252.
Page 5
DOWNHAM GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They 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.
On behalf of the board:
Mr S Turner (Trustee)
Date
Page 6
REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF THE DOWNHAM GOSPEL HALL TRUST
FOR THE YEAR ENDED 05 APRIL 2021
I report to the trustees on my examination of the accounts of the Downham Gospel Hall Trust for the year ended 05 April 2021.
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 THE 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 faire 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.
K Taylor Oldfield Advisory Santis House Curriers Close Coventry CV4 8AW 24 May 2021
Page 7
DOWNHAM GOSPEL HALL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 05 APRIL 2021
----- Start of picture text -----
Unrestricted Designated Restricted Total funds Total funds
Funds Funds Funds 2021 2020
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies:
Collections 51,666 - - 51,666 46,164
Contributions from the congregation 51,006 38,175 - 89,181 56,040
Gift Aid donations 23,295 - - 23,295 31,610
Income tax refunds 5,829 - - 5,829 7,903
Donated services 4 - - - - -
Payroll giving 1,381 - - 1,381 1,076
- - - -
Legacies
Grants received - - - - -
Investments:
Bank interest 88 - 88 283
Other
Interments - - - - -
Other interest - - - - -
Total 133,265 38,175 - 171,440 143,076
Expenditure on:
Charitable activities
Running meeting rooms 5 95,864 - - 95,864 111,693
Cost of donated services 4 3,117 - - 3,117 5,496
Congregation support - 37,725 - 37,725 -
Total 98,981 37,725 - 136,706 117,189
Net income/(expenditure) 34,284 450 - 34,734 25,887
- - - - -
Gains/(losses) on revaluation of fixed assets
Net movement in funds 34,284 450 - 34,734 25,887
Reconciliation of funds
Total funds bought forward 2,445,822 - - 2,445,822 2,419,935
Total funds carried forward 2,480,106 450 - 2,480,556 2,445,822
----- End of picture text -----
The notes on pages 10 to 13 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.
Page 8
DOWNHAM GOSPEL HALL TRUST BALANCE SHEET AS AT 05 APRIL 2021
| Notes £ £ Fixed Assets Tangible assets 6 2,432,054 Current Assets Prepayments and accrued income 7,178 Cash at bank and in hand 189,094 196,272 Current liabilities Creditors: amounts falling due within one year: Short term loans (39,000) Accruals and deferred income (1,020) Net current assets 156,252 Total assets less current liabilities 2,588,306 Creditors: amounts falling due after more than one year: Loan 107,750 Net assets 2,480,556 Funds Restricted funds - Unrestricted income fund 2,480,556 Total funds 8 2,480,556 2021 |
£ £ 2,476,103 9,006 157,233 166,239 (39,000) (1,020) 126,219 2,602,322 156,500 2,445,822 - 2,445,822 2,445,822 2020 |
|---|---|
The unaudited financial statements were approved and authorised for issue by the Trustees of Downham Gospel Hall Trust on …………………..……….and were signed on its behalf by
Mr S Turner (Trustee)
The notes on pages 10 to 13 form part of these financial statements
Page 9
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
----- Start of picture text -----
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 Downham 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
Fixtures and Fittings 10% Reducing balance
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 Going concern
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. 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.
From 18th March 2020, Downham Gospel Hall Trust ceased using the gospel halls which it operates, due to the global Covid-19 pandemic
and the general lockdown imposed by the government. The trustees do not consider that the Covid-19 pandemic will have any effect on
the ability of the trust to continue as a going concern.
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 (2020: None).
3. WAGES AND SALARIES
There are no employees (2020: none).
----- End of picture text -----
Page 10
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
4. DONATED SERVICES
| Donated to: The Southgates Trust 5. RESOURCES EXPENDED Direct costs Repairs and maintenance Donations and gifts Insurance Water rates Light and heat Telephone and broadband costs Legal and professional Secretarial support Sundry expenses Depreciation Public outreach work Support costs Bank charges Governance |
Year ended 05 April 2021 £ 3,117 Meeting rooms £ 6,092 - 1,771 1,408 16,118 970 4,905 515 561 60,979 347 1,020 94,686 |
Other charitable activities £ - - - - - - - - - - 1,178 - - 1,178 |
Year ended 05 April 2020 £ 5,496 Year ended 05 April 2021 £ 6,092 - 1,771 1,408 16,118 970 4,905 515 561 60,979 1,178 347 1,020 95,864 |
Year ended 05 April 2020 £ 18,076 645 1,681 1,495 23,067 1,052 1,851 1,215 612 60,503 112 364 1,020 111,693 |
|---|---|---|---|---|
Governance costs include £180 (2020: £180) in respect of independent examiner’s fees.
6. TANGIBLE FIXED ASSETS
| Cost At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 |
Freehold property - West Winch Hall £ 2,108,916 12,222 2,121,138 223,903 43,685 267,588 1,853,550 1,885,013 |
Freehold property - 34 Downham Road Watlington £ 291,523 4,708 296,231 40,812 7,363 48,175 248,056 250,711 |
Freehold property - 15 Fen Road Watlington £ 157,932 - - 157,932 22,110 3,948 26,058 131,874 131,874 |
Freehold property - Stoke Road Shouldham £ 234,354 - 234,354 31,117 5,859 36,976 197,378 203,237 |
|---|---|---|---|---|
Page 11
DOWNHAM GOSPEL HALL TRUST FOR THE YEAR ENDED 05 APRIL 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
| At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 |
Fixtures and Fittings £ 2,384 2,384 1,064 124 1,188 1,196 1,320 |
Totals £ 2,795,109 16,930 - 2,812,039 319,006 60,979 - 379,985 2,432,054 2,476,103 |
|---|---|---|
Property Details:
Land registry titles of the above property held are NK330843, NK127175, NK244794 and NK99617.
-
ANALYSIS OF NET ASSET BETWEEN FUNDS
-
7.1 Current year
| Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds 7.2 Prior year Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds |
Unrestricted funds £ 2,432,054 196,272 (40,020) (107,750) 2,480,556 Unrestricted funds £ 2,476,103 166,239 (40,020) (156,500) 2,445,822 |
Restricted funds £ - - - - - Restricted funds £ - - - - - |
Total funds £ 2,432,054 196,272 (40,020) (107,750) 2,480,556 Total funds £ 2,476,103 166,239 (40,020) (156,500) 2,445,822 |
|---|---|---|---|
-
MOVEMENT IN FUNDS
-
8.1. Current year
| Restricted funds Unrestricted funds Total funds |
Fund balance At 06 April 2020 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2021 £ £ £ £ £ - - - - - 2,445,822 171,440 (136,706) - 2,480,556 2,445,822 171,440 (136,706) - 2,480,556 |
|---|---|
Page 12
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
8.2. Prior year
| Restricted funds Unrestricted funds Total funds |
Fund balance At 06 April 2019 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2020 £ £ £ £ £ - - - - - 2,419,935 143,076 (117,189) - 2,445,822 2,419,935 143,076 (117,189) - 2,445,822 |
|---|---|
9. TRANSACTIONS WITH RELATED PARTIES
Donations totalling £55,345 (2020: £52,645) have been received from related parties of the trustees.
10. VOLUNTEERS
Downham 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.
Page 13
Document Activity Report
Document Sent Wed, 26 May 2021 09:06:35 GMT Document Approval Status Approved Approval Activity Summary Stephen Turner Approved Wed, 26 May 2021 09:39:07 GMT
Document Activity History
Document history shows most recent activity first
Date Activity Wed, 26 May 2021 09:37:05 GMT Stephen Turner viewed the document Wed, 26 May 2021 09:37:02 GMT Stephen Turner viewed the document
You can verify that this is a genuine Portal document by uploading it to the following secure web page:
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REGISTERED NUMBER: 1159102
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 05 APRIL 2021
Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW
DOWNHAM GOSPEL HALL TRUST REPORT AND FINANCIAL STATEMENTS
CONTENTS
----- Start of picture text -----
Page
Reference and administrative information 2
Report of the Trustees 3 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 13
----- End of picture text -----
Page 1
DOWNHAM GOSPEL HALL TRUST LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 05 APRIL 2021
----- Start of picture text -----
CHARITY NAME: Downham Gospel Hall Trust
REGISTERED CHARITY NUMBER: 1159102
TRUSTEES: Adrian Samways (Chairman)
Charles McIntyre
Stephen Turner
Kevin Carvell
Karl Brothers
TREASURER: Stephen Turner
PRINCIPAL ADDRESS: 29 Gravel Hill Lane
West Winch
Kings Lynn
Norfolk
PE33 0QG
INDEPENDENT EXAMINER: Kerry Taylor
Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
ACCOUNTANT: Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
BANKERS: HSBC Bank plc
23 New Conduit Street
The Vancouver Centre
Kings Lynn
Norfolk
PE30 1ET
----- End of picture text -----
Page 2
DOWNHAM GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
The Trustees present their report along with the financial statements of the Charity for the year ended 05 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page ten 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 13 November 1979, most recently amended by Deed of Variation dated 08 August 2014. The Trust was registered with the Charity Commission for England and Wales on 06 November 2014 under Charity Registration Number: 1159102
Recruitment and appointment of new trustees
The Trustees who have served during the year and since the year end are set out on page 2. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 05 April 2021 (2020: £nil).
The Trust operates 2 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 Trustees of similar Trusts with a view to pooling experience considered useful in pursuing the objects of the Trust. The Charity also maintains particular links with The Southgates Trust, who Downham Gospel Hall Trust pay most of The Southgates Trust expenses on its behalf.
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. The Trust continued to support the local Food Bank Scheme, an organisation that the Trust has consistently supported for the past few years.
Plans for future periods
From 18th March 2020, Downham Gospel Hall Trust ceased using the gospel halls which it operates. This was a result of the global Covid-19 pandemic and the general lockdown imposed by the government on 23rd March 2020. The Trust aims to use the gospel halls again once the lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the Trust to continue as a going concern.
Page 3
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
Main activities and achievements
The Trust provides and maintains gospel halls for the religious activities of Christians often referred to as 'Brethren'. Details of the origins, teachings and way of life of the Brethren can be found on their website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.
An upgrade of Willow Drive was completed to support residents in close proximity to the main Gospel Hall, at a cost of £1,177.92.
The trustees have also established an Emergency Needs fund for the duration of the current 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.
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 40 and 400 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.
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).
Page 4
DOWNHAM GOSPEL HALL TRUST
REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
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
Financial position
In the year ended 05 April 2021 the Trust had a modest surplus of incoming resources over resources expended. Total voluntary income received this year was £171,352 compared to £142,793 in the previous year.
All funds held were unrestricted funds.
During the year, the following loan repayment was made:
£48,750 to Central Gospel Hall Trust.
Reserves policy
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim for the charity to hold approximately £10,000 in a current account to meet the day to day expenses, plus an allowance for any urgent repairs and capital expenses. The Trustees will endeavour not to set aside funds unnecessarily. Free reserves accumulated in excess of the minimum will be used at the discretion of the trustees for the strategic development of Downham Gospel Hall Trust. 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.
Free reserves at the year end were £156,252.
Page 5
DOWNHAM GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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 Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They 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.
On behalf of the board:
Mr S Turner (Trustee)
Date
Page 6
REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF THE DOWNHAM GOSPEL HALL TRUST
FOR THE YEAR ENDED 05 APRIL 2021
I report to the trustees on my examination of the accounts of the Downham Gospel Hall Trust for the year ended 05 April 2021.
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 THE 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 faire 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.
K Taylor Oldfield Advisory Santis House Curriers Close Coventry CV4 8AW 24 May 2021
Page 7
DOWNHAM GOSPEL HALL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 05 APRIL 2021
----- Start of picture text -----
Unrestricted Designated Restricted Total funds Total funds
Funds Funds Funds 2021 2020
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies:
Collections 51,666 - - 51,666 46,164
Contributions from the congregation 51,006 38,175 - 89,181 56,040
Gift Aid donations 23,295 - - 23,295 31,610
Income tax refunds 5,829 - - 5,829 7,903
Donated services 4 - - - - -
Payroll giving 1,381 - - 1,381 1,076
- - - -
Legacies
Grants received - - - - -
Investments:
Bank interest 88 - 88 283
Other
Interments - - - - -
Other interest - - - - -
Total 133,265 38,175 - 171,440 143,076
Expenditure on:
Charitable activities
Running meeting rooms 5 95,864 - - 95,864 111,693
Cost of donated services 4 3,117 - - 3,117 5,496
Congregation support - 37,725 - 37,725 -
Total 98,981 37,725 - 136,706 117,189
Net income/(expenditure) 34,284 450 - 34,734 25,887
- - - - -
Gains/(losses) on revaluation of fixed assets
Net movement in funds 34,284 450 - 34,734 25,887
Reconciliation of funds
Total funds bought forward 2,445,822 - - 2,445,822 2,419,935
Total funds carried forward 2,480,106 450 - 2,480,556 2,445,822
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The notes on pages 10 to 13 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.
Page 8
DOWNHAM GOSPEL HALL TRUST BALANCE SHEET AS AT 05 APRIL 2021
| Notes £ £ Fixed Assets Tangible assets 6 2,432,054 Current Assets Prepayments and accrued income 7,178 Cash at bank and in hand 189,094 196,272 Current liabilities Creditors: amounts falling due within one year: Short term loans (39,000) Accruals and deferred income (1,020) Net current assets 156,252 Total assets less current liabilities 2,588,306 Creditors: amounts falling due after more than one year: Loan 107,750 Net assets 2,480,556 Funds Restricted funds - Unrestricted income fund 2,480,556 Total funds 8 2,480,556 2021 |
£ £ 2,476,103 9,006 157,233 166,239 (39,000) (1,020) 126,219 2,602,322 156,500 2,445,822 - 2,445,822 2,445,822 2020 |
|---|---|
The unaudited financial statements were approved and authorised for issue by the Trustees of Downham Gospel Hall Trust on …………………..……….and were signed on its behalf by
Mr S Turner (Trustee)
The notes on pages 10 to 13 form part of these financial statements
Page 9
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
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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 Downham 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
Fixtures and Fittings 10% Reducing balance
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 Going concern
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. 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.
From 18th March 2020, Downham Gospel Hall Trust ceased using the gospel halls which it operates, due to the global Covid-19 pandemic
and the general lockdown imposed by the government. The trustees do not consider that the Covid-19 pandemic will have any effect on
the ability of the trust to continue as a going concern.
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 (2020: None).
3. WAGES AND SALARIES
There are no employees (2020: none).
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Page 10
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
4. DONATED SERVICES
| Donated to: The Southgates Trust 5. RESOURCES EXPENDED Direct costs Repairs and maintenance Donations and gifts Insurance Water rates Light and heat Telephone and broadband costs Legal and professional Secretarial support Sundry expenses Depreciation Public outreach work Support costs Bank charges Governance |
Year ended 05 April 2021 £ 3,117 Meeting rooms £ 6,092 - 1,771 1,408 16,118 970 4,905 515 561 60,979 347 1,020 94,686 |
Other charitable activities £ - - - - - - - - - - 1,178 - - 1,178 |
Year ended 05 April 2020 £ 5,496 Year ended 05 April 2021 £ 6,092 - 1,771 1,408 16,118 970 4,905 515 561 60,979 1,178 347 1,020 95,864 |
Year ended 05 April 2020 £ 18,076 645 1,681 1,495 23,067 1,052 1,851 1,215 612 60,503 112 364 1,020 111,693 |
|---|---|---|---|---|
Governance costs include £180 (2020: £180) in respect of independent examiner’s fees.
6. TANGIBLE FIXED ASSETS
| Cost At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 |
Freehold property - West Winch Hall £ 2,108,916 12,222 2,121,138 223,903 43,685 267,588 1,853,550 1,885,013 |
Freehold property - 34 Downham Road Watlington £ 291,523 4,708 296,231 40,812 7,363 48,175 248,056 250,711 |
Freehold property - 15 Fen Road Watlington £ 157,932 - - 157,932 22,110 3,948 26,058 131,874 131,874 |
Freehold property - Stoke Road Shouldham £ 234,354 - 234,354 31,117 5,859 36,976 197,378 203,237 |
|---|---|---|---|---|
Page 11
DOWNHAM GOSPEL HALL TRUST FOR THE YEAR ENDED 05 APRIL 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
| At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 |
Fixtures and Fittings £ 2,384 2,384 1,064 124 1,188 1,196 1,320 |
Totals £ 2,795,109 16,930 - 2,812,039 319,006 60,979 - 379,985 2,432,054 2,476,103 |
|---|---|---|
Property Details:
Land registry titles of the above property held are NK330843, NK127175, NK244794 and NK99617.
-
ANALYSIS OF NET ASSET BETWEEN FUNDS
-
7.1 Current year
| Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds 7.2 Prior year Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds |
Unrestricted funds £ 2,432,054 196,272 (40,020) (107,750) 2,480,556 Unrestricted funds £ 2,476,103 166,239 (40,020) (156,500) 2,445,822 |
Restricted funds £ - - - - - Restricted funds £ - - - - - |
Total funds £ 2,432,054 196,272 (40,020) (107,750) 2,480,556 Total funds £ 2,476,103 166,239 (40,020) (156,500) 2,445,822 |
|---|---|---|---|
-
MOVEMENT IN FUNDS
-
8.1. Current year
| Restricted funds Unrestricted funds Total funds |
Fund balance At 06 April 2020 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2021 £ £ £ £ £ - - - - - 2,445,822 171,440 (136,706) - 2,480,556 2,445,822 171,440 (136,706) - 2,480,556 |
|---|---|
Page 12
DOWNHAM GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
8.2. Prior year
| Restricted funds Unrestricted funds Total funds |
Fund balance At 06 April 2019 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2020 £ £ £ £ £ - - - - - 2,419,935 143,076 (117,189) - 2,445,822 2,419,935 143,076 (117,189) - 2,445,822 |
|---|---|
9. TRANSACTIONS WITH RELATED PARTIES
Donations totalling £55,345 (2020: £52,645) have been received from related parties of the trustees.
10. VOLUNTEERS
Downham 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.
Page 13
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