Charity Registration No: 1159120
POLDEN GOSPEL HALL TRUST Report of the Trustees and Unaudited Financial Statements For the Year Ended 5" April 2021
|
| |
POLDEN GOSPEL HALL TRUST YEAR ENDED 5" APRIL 2021
| CONTENTS | |
|---|---|
| Pages | |
| Reference and administrative details | 1 |
| Report oftheTrustees | 2-5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| NotestotheFinancialStatements | 9-12 |
Page 1
|
POLDEN GOSPEL HALL TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5" APRIL 2021
CHARITY NAME
Polden Gospel Hall Trust
REGISTERED CHARITY NUMBER
1159120
TRUSTEES
Mr. Jonathan R, Taylor (Chair) Mr. Marcus B.R. Mitchell Mr. Oliver T. Martin Mr. Thomas E. Martin Mr, Grant Mitchell
TREASURER
Mr. Thomas E. Martin
PRINCIPAL ADDRESS
C/O Mr. Thomas E. Martin, Broadleas, Haydon Lane, Taunton, Somerset, TA3 5AB.
ACCOUNTANT AND INDEPENDENT EXAMINER
Keith F. Pavey, Broadoak Accounting Services, 6 The Oaks, Wembdon Rise, Bridgwater, Somerset, TA6 7QL.
BANKERS
National Westminster Bank P.l.c., 89 High Street, Worle, Weston-super-Mare, BS23 1JW.
Page 2
POLDEN GOSPEL HALL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5" APRIL 2021
|
The Trustees present their Report along with the Financial Statements of the Charity for the Year Ended 5" April 2021. The Financial Statements have been prepared in accordance with the accounting policies set out on pages 9 - 10 and comply with the Trust Deed and applicable law.
Structure, Governance and Management
Governing Document
The Charity is controlled by a Deed of Trust, and constitutes an Unincorporated Charity.
Polden Gospel Hall Trust is constituted by a Deed of Trust dated 30" June 1982, subsequent amending Deeds, and most recently by a Deed of Variation dated 12™August 2014. The Trust was registered with the Charity Commission for England and Wales on 7" November 2014 under Charity Registration Number: 1159120.
Recruitment and Appointment of New Trustees
The Trustees who have served during the year and since the year end are set out on page 1. None of[the] Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the Year, nor in the preceding financial year.
The Trust operates a Gospel Hall and Trustees are chosen from among the regular congregation of the hall. 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 Charities with a view to pooling experience considered useful in pursuing the objects of the Charity, including those of the Taunton Vale Gospel Hall Trust, which has parallel objectives in the area.
Risk Management
The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established systems or procedures to manage and mitigate those risks.
Objectives and activities
Objectives and aims
|
The charitable purposes of the Charity are the advancement of including by the carrying on of[the][service][of][ God][in][accordance] the[with] Christian[the][Old] religion[and][New] for[ Testaments] the public benefit,[of][ the] Holy Bible as followed by those Christians forming part of the world-wide fellowship know 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.
Page 3
POLDEN GOSPEL HALL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5" APRIL 2021 (CONTINUED
| | |
|
Main Activities and achievements
The Trust provides and maintains a Gospel Hall where religious meetings are held by the focal Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on their website - www.plymouthbrethrench ristianchurch.org and in the schedules to the Trust Deed.
The Trust’s main achievements this year have been to maintain the Gospel Hall pending the lifting of the Covid-19 restrictions as further stated below. It has also encouraged works by the congregation, as described below.
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 normally held at the Gospel hall 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 390 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 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 hall and visitors are free to help themselves.
As stated further in this Report, the use of the Hall has been temporarily suspended from 18" March 2020, due to the Covid-19 pandemic, with consequent amendment for the time being of arrangements described under this heading.
Spreading the Gospel message and the life of a Christian The Gospel Hall is 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 ofthe congregation normally participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers and to be handed out to interested members of the public. Such preachings previously took place most weeks, but have been of necessity curtailed due to the pandemic, and will be fully resumed when conditions permit.
In addition, members of the congregation have made a donation offood boxes to a local Y.M.C.A. Group to assist with persons in need. An expansion of public benefit activities may be anticipated when the conditions from the pandemic ease.
-
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:1. 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).
Page 4
POLDEN GOSPEL HALL TRUST
|
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5™ APRIL 2021 (CONTINUED)
Spreading the Gospel message and the life of a Christian (Continued)
-
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.
-
S) 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).
Volunteers
Polden Gospel Hall Trust relies on volunteers to carry out the management, administration and, where appropriate, general maintenance work. The Trust has no paid staff or paid Trustees.
Funding
Funding is sought through gifts and donations from the congregation. Grants are sometimes received from other charitable trusts with complementary objectives. Gift aid is also claimed on relevant gifts.
Financial review
Financial position
In the Year ended 5" April 2021 the Trust had a deficit amounting to £5,892 of Incoming Resources against Resources Expended on General Fund (after Depreciation charged of £13,180); and a surplus of £884 on the Designated Fund. Total voluntary Income received this Year was £54,388 compared to £56,466 in the Year to 5" April 2020. Monies held on Bank Accounts at the year end totalled £215,867.
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. This is based on the charity's size and the level of financial commitments. The Trustees have a programme of raising further funds by way of donations and collections, and if necessary loans, in order to fund intended projects, and to facilitate repayment of existing lending. The congregation is kept regularly informed of needs accordingly. The aim is to increase overall funds for the purpose stated below. Free reserves at the year end were £216,914.
|
Plans for Future Periods
The Trust is committed to maintain the Gospel Hall which it operates. It will also recommence public benefit activities and the support of Rapid Relief team activities, as the Covid-19 pandemic eases.
When a suitable site may be located, it also intends to assist the Taunton Vale Gospel Hall Trust with funds towards a further Gospel Hall to be owned by that Trust, and would aim to raise in due course a further £200,00 approximately for that purpose.
From 18° March 2020, Polden Gospel Hall Trust ceased using the Hall, which it operates. This was a result of the global Covid-19 pandemic and the general lockdown imposed by the Government on 23 March 2020. The Trust aims to use the Gospel Hall again once the general 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 5
POLDEN GOSPEL HALL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5" APRIL 2021 (CONTINUED)
|
|
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.
All transactions have been reviewed and approved by two Trustees.
On behalf of the board:
----- Start of picture text -----
Trustee AEE
----- End of picture text -----
Date:... meth Ovteaee 22
|
Page 6
POLDEN GOSPEL HALL TRUST THE INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5" APRIL 2021
|
| |
| report to the Trustees on my examination of the accounts of Polden Gospel Hall Trust for the year ended 5" April 2021, which are set out on pages 7 to 12, and on the Trustees’ Report for the year comprising Pages 2 to 5,
R RESPECTIVEESERVEESPONSIBILITIESRESPONSIBILITIES OFOF TRUSTEESTRUSTEES ANDAND EXAMINEREXAMINER
The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| 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 | 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 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
| have completed my examination. | 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 ofthe 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 at part of an independent examination.
| 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,
—keith F. Pavey, Broadoak Accounting Services, 6 The Oaks, Wembdon Rise, Bridgwater, Somerset, TAG 7QL. Dates neh,ian &SEMEMBER 2OZ
Page 7
| | |
POLDEN GOSPEL HALL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5™ APRIL 2021
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|ALL|Year|to|05.04.2021|Year to|
|ITEMS|RELATE TO|UNRESTRICTED|General|Designated|05.04.2020|
|FUNDS|Fund|Fund|Total|Total|
|£|£|£|bs|
|INCOME|FROM|
|Donations|and|Collections|(Excl.|Gift-Aided)|0|3,150|3,150|4,110|
|Contributions|from|the Congregation|37,573|12,697|50,270|32,468|
|Gift-Aid|Donations|625|150|775|15,565|
|Tax|Refunds on|Gift-Aid|156|a7|193|3,891|
|Payroll|Giving|0|0|75|
|Sundry|Income|0|0|357|
|Interest|Received|1,112|L112|1,337|
|TOTAL|INCOMING|RESOURCES|39,466|16,034|55,500|57,803|
|RESOURCES|EXPENDED|
|MEETING|HALL|RUNNING|COSTS|
|Water and|Sewerage|637|637|265|
|Light|and|Heat|6,403|6,403|7,463|
|Repairs|and|Renewals|1,067|1,067|8,467|
|Maintenance|of Grounds|2,438|2,438|13,065|
|Cleaning|and|Consumables|0|0|1,882|
|Telephone|and|Computer Costs|882|882|794|
|Insurance|1,393|1,393|1,330|
|Health|and|Safety|400|400|1,890|
|Professional|Costs|156|156|i)|
|Sundry|0|0|96|
|Depreciation|13,18026,556|26,55613,180|52,82617,574|
|OTHER CHARITABLE ACTIVITIES|
|Congregation|Support|0|15,150|15,150|0|
|Gifted|to Taunton|Vale|Gospel|Hall|Trust|15,299|15,299|21,359|
|Gifted|to|Other Gospel|Hall|Trusts|0|0|7,852|
|Food|for the|Homeless|683|683|249|
|GOVERNANCE AND|SUPPORT|COSTS|
|Accountancy|and|Independent|Examiner|990|990|1,584|
|Professional|Support|1,830|1,830|1,782|
|TOTAL RESOURCES|EXPENDED|45,348|15,190|60,508|85,652|
|NET SURPLUS(DEFICIT)|FOR THE YEAR|(5,892)|884|(5,008)|(27,849)|
|TOTAL FUNDS BROUGHT FORWARD|952,374|0|952,374|980,223|
|TOTAL FUNDS CARRIED|FORWARD|946,482|884|947,366|952,374|
----- End of picture text -----
The notes on pages 9 to 12 form a part of these Financial Statements. All of the above activities are classed as continuing and there are no gains or losses other than those included above.
Page 8
|
| |
BALANCEPOLDENSHEETGOSPEL HALLAS AT 5™ TAP R ILUST2021
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|As|at|As|at|
|Notes|05.04.2024|05.04.2020|
|£|£|
|TANGIBLE|FIXED|ASSETS|15&2|
|Freehold|Property|at|Cost|
|-|Hall|at Showground|Road,|Bridgwater|691,205|691,303|
|-|Improvements|to above|Hall|28,878|38,504|
|Furniture,|Fittings and Equipment|10,369|13,825|
|TOTAL FIXED ASSETS|730,452|743,632|
|CURRENT ASSETS|
|Debtors|194|3,891|
|Prepayments|989|872|
|Bank|Accounts|215,867|205,753|
|Cash Awaiting|Banking|pn|re|3,348|
|seers|eee|
|219,921|213,864|
|LESS: CURRENT|LIABILITIES|— Due|within|One Year|
|Creditors|1,422|3,210|
|Accruals|1,585|1,912|
|3,007|9,122|
|NET CURRENT ASSETS|216,914|208,742|
|NET|ASSETS|947,366|952,374|
|Represented|by:-|
|FUNDS — UNRESTRICTED FUNDS|10|
|General|Fund|946,482|952,374|
|Designated|Fund|884|0|
|Closing Balance|947,366|952,374|
----- End of picture text -----
|
The Unaudited Financial Statements were approved and authorised for issue by the Trustees of The Polden Gospel Hall Trust on the undermentioned date, and were signed on their behalf by LATE Teams Metin) trustee “Sal Memaer 22/ pate The Notes on Pages 9 to 12 form a part of these Financial Statements.
Page 9
POLDEN GOSPEL HALL TRUST
|
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR’ENDED 5" APRIL 2021
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 Charity 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 notes,
- 1.2 Incoming Resources
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 ina future year. Gift-aid is added to the value of the donations 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 Polden Gospel Hall Trust is considered to be equal to market value which would be paid were the services formally procured. Investment Income is accounted for on a receivable basis.
1.3 Resources Expended 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 Freehold Property
Tangible Fixed Assets 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 Property
The Freehold Property at Showground Road, Bridgwater, is not depreciated except for some outside work ina preceding year, and some Improvements thereto in 2019, which are depreciated at 25% per annum on the reducing balance basis. The overall realisable value is considered to be not less than book value.
Furniture, Fittings and Equipment 25% per annum — Reducing balance basis
- 1.6 Taxation The Trust is a registered Charity and is not liable to United Kingdom taxation on charitable activities, provided Income falls within the Charitable exemptions and is spent on charitable purposes.
Page 10
POLDEN GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5™ APRIL 2021 (CONTINUED
- ACCOUNTING POLICIES (CONTINUED) 1.7 Funds
The General Unrestricted Fund is free for the Trustees to use for any purpose in furtherance of the Trust’s charitable objects. A Designated Fund has also been established for which relevant figures are stated on page 7. There are no funds restricted to specific purposes.
- 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 18" March 2020, the Trust temporarily ceased using the Gospel Halls which is 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.
----- Start of picture text -----
2. TANGIBLE FIXED ASSETS
This Comprises:- Improvement Furniture,
Freehold to Freehold Fittings and
COST Property Property Equipment Total
£ £ £ E
As at 06.04.2020
and As at 05.04.2021 692,153 68,452 50,422 811,027
DEPRECIATION
As at 06.04.2020 850 29,948 36,597 67,395
Charge for Year 98 9,626 3,456 13,180
As at 05.04.2021 948 39,574 40,053 80,575
NET BOOK VALUE
As at 05.04.2021 691,205 28,878 10,369 730,452
As at 05.04.2020 691,303 38,504 13,825 743,632
ee
----- End of picture text -----
The Freehold Property owned is at Showground Road, Bridgwater, Somerset for which the Land Registry title numbers are $T101131 and ST198720.
- 3, TRUSTEES’ REMUNERATION AND EXPENSES
No Trustee received any remuneration or other benefits for services rendered in this year or the preceding year. Expenses incurred were reimbursed, if applicable, at cost, with no benefit whatsoever arising to the recipient.
- EMPLOYEES
The Trust had No employees in this year or the preceding year.
- VOLUNTEERS
The Trust relies on volunteers to carry out Management, Administration and certain Maintenance work,
6. INDEPENDENT EXAMINER’S FEES
These were:-
----- Start of picture text -----
Year to Year to
05.04.2021 05.04.2020
£ £
990 594
----- End of picture text -----
Page 11
NOTES TO THE FINANCIALPOLDEN STATEMENTSGOSPEL HALLFOR THETRUST YEAR ENDED 5™ APRIL 2021 (CONTINUED
7. DONATED SERVICES
|
|
----- Start of picture text -----
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Year|to|Year|to|
|05.04.2021|05.04.2020|
|£|£|
|To Taunton|Vale|Gospel|Hall|Trust|15,299|21,359|
|(a|charity with|parallel|objectives)|
|To Other Gospel|Hall Trusts|0|7,852|
|15,299|29,211|
|8.|RESOURCES|EXPENDED|Year to 05.04.2021|
|Meeting|Hall|Other|
|Running|Charitable|Year to|
|Costs|Activities|Total|05.04.2020|
|£|£|£|£|
|These|were:-|
|Direct|Costs|26,556|31,132|57,688|82,286|
|Support|Costs|1,330|500|1,830|1,782|
|Governance|Costs|730|260|990|1,584|
|i|28,616a|31,892|a60,508|tt85,652|
|ANALYSIS|OF|NET ASSETS BETWEEN ASSETS BETWEEN BETWEEN|FUNDS|
|General|
|Unrestricted|Designated|Total|
|AS|Fund|Fund|Funds|
|AT5™|APRIL 2021|£|£|£|
|Tangible|Fixed|Assets|730,452|0|730,452|
|Current Assets|218,812|1,109|219,921|
|Current|Liabitities|(2,782)|(225)|(3,007)|
|Total|Funds|946,482|884|947,366|
|AS AT 5™|APRIL 2020|
|Tangible|Fixed|Assets|743,632|743,632|
|Current Assets|213,864|213,864|
|Current|Liabilities|(5,122)|(5,122)|
|Total|Funds|952,374|952,374|
|There|were|No|Designated|Funds|at 5‘|April|2020,|
|There were|No|Restricted|Funds|at any time|in|the|2 Years|to|5'"|April|2021.|
----- End of picture text -----
9. ANALYSIS OF NET ASSETS BETWEEN ASSETS BETWEEN BETWEEN FUNDS
|
Page 12
POLDEN GOSPEL HALL TRUST
|
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5™ APRIL 2021 (CONTINUED)
10, MOVEMENTS IN FUNDS
| MOVEMENTS IN FUNDS | ||||
|---|---|---|---|---|
| Opening | Incoming | Resources | Closing | |
| YEARTO 5"APRIL2021 | Balance ra |
Resources £ |
Expended £ |
Balance £ |
| Unrestricted Funds | ||||
| General Fund Designated Fund |
952,374 0 |
39,466 16,034 |
(45,358) (15,150) |
946,482 884 |
| Total Funds | 952,374 | 55,500 | (60,508) | 947,366 |
| _ | ||||
| YEARTO 5™APRIL2020 | ||||
| Unrestricted Funds | ||||
| General Fund | 980,223 | 57,803 | (85,652) | 952,374 |
| Total Funds | ee 980,223 57,803 (85,652) 952,374 oe ———————————————— |
There were No Designated Funds in the Year to 5% April 2020, There were No Restricted Funds at any time in the 2 Years to 5" April 2021.
11, POST BALANCE SHEET EVENTS; CAPITAL COMMITMENTS AND FUTURE PLANS SS IN LID No significant Post Balance Sheet Events have arisen, and no Capital Commitments have been entered ;into.
12. RELATED PARTY TRANSACTIONS
|
Donations were received from Trustees and parties connected thereto, in the following totals:-
Year to Year to 05.04.2021 05.04.2020 £ £ 819 5,870