2022-04-05-accounts - The Colville Gospel Hall Trust

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

Pages
	Reference and administrative		details
2.-5.	Report ofthe trustees
	Independent examiner's report
	Statement offinancial	activities
	Balance sheet
9.-13.	Notes to the financial	statements
14.	Appendix

Charity name:	Charity name:	The Colville Gospel Hall Trust	The Colville Gospel Hall Trust
Registered	charity number:	1159231
Trustees:		Mr Robert	J Evershed
		Mr Robert	I Francis
		Mr Timothy	Francis
		Mr Robert J Hynd (Chair)
		Mr Graham	JTemple
Treasurer:		Mr Maurice	EC Temple
Principal address:		Byron House
		Uplands Close
		Carlton Colville
		Lowestoft,	Suffolk
		NR33 8AD
Independentexaminer:		Julian Remmington
		4cast
		Heritage House
		Woodside	Lane
		Bell Bar
		Herts.
		AL96DE
Bankers:		Lloyds Bank Pic
		47 London	North Road
		Lowestoft
		Suffolk
		NR32 1BL

				Urlreatrlcted
			Unwstricted	Designated	Restricted	Total Funds	Total Funds
		NOTES	Funds	Funds	Funds	2022	2021
			2	2	8	2	8
Incoming and endowments	from:
Donations and legacies:
Cofiecfions
Contributions from the congregalion			16,765	24,150		40,915	67,980
Gift Aid donations			34,159			34,159	9,810
Other donations			581			581	336
Income tsx refundable			8,540			8,540	2,453
Donated services
Payroll giving			297			297	475
Legacies received
Investment Income and Interest
Interest			29				70
Other Income
Grants received
Total			60,371	24,150		84,521	81,124
Expendituw on:
Charitable activities
Running ofmeeting halls			52,476			52,476	42,071
Wider community outreach							32
Congregation support				24,150		24,150	27,750
Cost ofdonated servikms			6,856			6,856	3,234
Transfers to afliliated trusls
Other costs
Governance and support costs
Legal &professional costs			1,250			1,250	1,220
Health and Safety
Independent Examiner's fee			828			828	720
Bank charges			84			84	81
Total			61,494	24,150		85,644	75,108
Net incomel(expenditum)			1,123			1,123	6,016
Gains/(losses) on revaluation	offixed assets
Net movement in funds			1,123			1,123	6,016
Reconcglation offunds
Funds st 6th April 2021			1,379,178			1,379,178	1,373,162
Total funds at 5th Aprg 2022		8.	1,378,055			1,378,055	1,379,178

				2022
			NOTES
Fixed assets
Tangible fixed assets					1,220,486		1,243,118
					1,220,486		1,243,118
Current assets
Debtors:
Debtors and	sundry		loans	8,559		2,531
Prepayments	8accrued income			2,631		1,673
Cash at bank and in hand				149,760		136,038
				160,950		140,242
Cunent fiabgltles
Creditors: amounts		falling due within one year:
Accruals and	deferred income			3,381		4,182
				3,381		4,182
Net current assets					157,569		136,060
Total assets less current liabilities					1,378,055		1,379,178
Creditors: amounts		falling due aller more than one year:
Net assets				2	1,378,055	6	1,379,178
Funds
Unrestricted income fund					1,378,055		1,379,178
Restrkded funds
Total Funds				6	1,378,055	2	1,379,178

1.1	Basis offinancial statements
	The financial statements have been prepared in accordance with the Statement of	Recommended			Practice:		Accounfing				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 16July 2014, and incorporating update bugefins 1 and 2, and	the Financial		Reporting			Standard			applicable		in the
	United Kingdom snd Republic of Ireland (FRS 102)and UK Generally Accepted Accounting		Prscfice.
	The functional currency ofthe charity is sterling (6).
	The Trust meets the definition ofa pubfic benefit entity under FRS 102.Assets and	liabilities are		initially		recognised			at	historical		cost or
	transaction value unless otherwise stated in the relevant accounting poficy nots(s).
1.2	Income
	Donations are recognised in the year in which there is enfitlement and probabfilty	of receipt and			the	amount		csn	be		measured		with
	reasonable certainty. Income is only deferred when the charily has to fuifil conditions before becoming					enfifisd		to it	or	where the donor
	has spedfied that the income Isto be expended in a future year. Gift aid is added to	the value ofthe			dons6on		to	which		it	relates.
	Donated services are recognised as income and expenditure in the finsncial statements		when	organisations				or individuals offsr					their
	services and support pro bono. Ths value ofthese donated services to The Colvifie 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	Wats.
	Investment income is accounted for on 6receivable basis.
1.3	Expenditure
	Expenditure is included on an accruals basis. Liabilities are recognised ss soon as there is		a legal or construcbive obligation commfifing
	the charity to pay out resources.
	Charitable activities comprise those costs directly attributable to the fulfilment ofthe charitable objects.
1.4	Governance and support costs
	Support costs have been afiocated between governance costs and other support costs. Governance				costs comprise				ag		costs involving
	the public accountabgity of the charity and costs related to statutory requirements.	As there are		no staf or			offices		the		Trustees		have
	agreed to sfiocste all such costs to Governance costs.
1.5	Tangible fixed assets snd depredation
	Tangible fixed assets (costing more than 6500) are stated at cost less depreciation.	Freehold Nnd			is	not depreciated.					Depreciation is
	provided at rates calculated to write offthe cost, less estimated residual value, ofeach asset over			its	expected		useful		life		as follows:
	Freehold land Not depreciated
	Freehold bufidings 2%-Straight line method
	Temporary buildings 20%-Straight lime method
	Furniture, fixtures and fittings 10%-Straight line method
1.6	Taxation
	The Trust is a registered charity and is nol liable to United Kingdom income or corporation		tsx on	charitable activiTies,						provided		income
	falls within the chayitable exemptions and is spent on chadtable purposes.
1.7	Funds
	The general unrestricted fund is free for the Trustees to use for any purposes in furtherance		ofthe	trust's		charitable objects.
	Restricted funds arise from donations to the trust which are made for a specific purpose.		Restricted			funds	can only			be used		for the
	purpose for which funds were given.
1.8	Preparation ofconsolidated financia statements

Donated services
Income					2022	2021
					8	8
Donated services
Expenditure					2022 8	2021 f
Dulton Gospel Hsfis Trust					6,856	3,234
					6,856	3,234
Grants received					2022	2021
					8	8
					Other
				Meeting	charitable
Running ofmeeting	halls			roonls	activities	2022	2021
					6	8	8
Repairs and maintenance		ofbuildings		5,575		5,575	3,126
Recording equipment-	replacement		and maintenanoe
Grounds maintenance				3,962		3,962	4,227
Light and heat				8,755		8,755	7,485
Water rates
Telephone at hall				800		800	801
Conference
Insurance- Public liability				1,507		1,507	1,266
Legal &professional- specific to halls				6,827		6,827	35
Cleaning, first-aid and	sundries			2,418		2,418	2,499
Sundry
Depreciation- Freehold	property			21,281		21,281	21,281
Depreciation- Equipment				1,351		1,351	1,351
Profit/Loss on sale ofassets
				52,476		52,476	42,071

			Realisedl
Balance at			unreafised
6April	Incoming	Resources	gain and	Balance at6
2021	resources	expended	losses	Aprg 2022
E	E	E	E	E
	24,150	24,150
1,379,178	60,371	61,494		1,378,055
1,379,178	60,371	61,494		1,378,055

						Reagsedi
		Balance at				unrealised
		6	Aprg	Incoming	Resources	gain and	Balance at 6
			2020	resources	expended	losses	Aprg 2021
		6		6	6	6	6
Restricted	funds
Fund
Designated	funds			27,750	27,750
Unrestricted	funds	1,373,162		53,374	47,358		1,379,178
Totalfunds		1,373,162		53,374	47,358		1,379,178

12 Full comparison ofSt	atem	ent ofFinanc	ial Activities
					Unrestricted		TotalFunds
				Unmstricted	Designated	Restricted	2021
			NOTES	Funds	Funds	Funds	2
				6	8	2
Incoming and endowments	from:
Donations and legacies:
Collections
Contributions from the congregation				40,230	27,750		67,980
Gifl Aid donsfions				9,810			9,810
Other donations				336			336
Income tax refundable				2,453			2,453
Donated services
Payrofi giving				475			475
Legacies received
Investment Income and Interest
Interest				70			70
Otherincome
Grants received
Total				53,374	27,750		81,124
Expenditure on:
Charitable activities
Running ofmeeting halls				42,071			42,071
Wider community outreach				32			32
Congregation support					27,750		27,750
Cost ofdonstsd ssrvicss				3,234			3,234
Transfers to afliliated trusts
Other costs
Governance and support costs
Legal &professional costs				1,220			1,220
Health and Safety
Independent Examiner's fee				720			720
Bank charges				81			81
Depreciation- ONce equipment		(Admin)
Profit/Loss on sale ofassets
Total				47,358	27,750		75,108
Net Income/(expenditure)				6,016			6,016
Gains/(losses) on revaluation	offixed assets
Net movement In funds				6,018			6,016
Reconcglatlon offunds
Total funds brought forward				1,373,162			1,373,162
Total funds carried forward				1,379,178			1,379,178