REGISTERED CHARITY NUMBER: 1159423 ort of the Trustees and Unaudited Financial Statements for the Year Ended 5 A ril 2024 for Hol head Road Gog el Hall Trust Pace Accounlanls Noble House Ealon Road Hemel Hempstead Hertfordshire HP2 7UB
Hol head Road Gospel Hall Trust Conlenls ol the Financial Slalemenls for the Year Elided 5 A ril 2024 Page Reference and Administrative Details Report ol the Trustees Independent Examiner's Report stalemenl of Financial Activities Balance Sheet Notes lo the Financial Slalemenls 9 to 14
Hol head Road Gos @l Hall Trust Reference and Adminislralive Details for the Year Ended 5 A ril 2024 TRUSTEES R A Blackledge B Pooock L Devenish (resigned 4.12.24) R Blackledge S Plant N Wallach (appointed 4.12.24) PRINCIPAL ADDRESS Meeting Hall Holyhead Road Biclon Shrewsbury Shropshire SY3 8EF REGISTERED CHARITY NUMBER 1159423 INDEPENDENT EXAMINER Pace Accounlanls Noble House Eaton Road Hemel Hempstead Hertrordshire HP2 7U8 CHAIRMAN R Blackledge TREASURER S Plant BANKERS Lloyds Bank plc 1 Pride Hill Shrewsbury Shropshire SY1 1DG Page 1
Flor head Road Gos el Hall Trus ort of the Trustees for the Year Ended 5 Aprll 2024 The Trustees present their report along with the financial slalemenls of the Charity for Ihe year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies sel out on page 9-10 and coinply wlh the Trust Deed and applicable law. OBJECTIVES AND ACTIVITIES Objectives and aims The chaiilable purposes of the Charily are the advancement of the Christian religion for Ilie public benefit. including by the carrying on of the service of God in accordance with the Old and New Teslamenls of the Holy Bible as followed by those Christians forming paTI of the world-wide lellowship known as the Plymouth Brethren Christian Church {the 'Brethren ) and any other charitable puiposes connected with Brethren. The core doctrine of the Brethren and proper practices in furtheiance of certain aspects of doctrine are summarised in schedules to the Trust Deed. Main activities and achievements The Trust provides and maintains a Gospel hall where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website www.plymouthbrethrenchristianchurch.org and in the schedules lo the Trust Deed. Meetings Meelings held al the Gospel hall would normally 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 meeling, beiween 30 and 350 people normally altend these occasions. The meetings are allended by the regular congregation and most are open to other properly disposed visitors. The nolioe board aulside the Hall welcomes visilois and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel Iracls, 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. Spreading the Gospel message and the life of a Christian The Gospel hall is a base from which the regular congregation and others who allend the meetings are encouraged lo spread the Christian Gospel, in word and deed. Members of Ihe congregation participate in a programme of street preaching and Gospel Iracls are provided free of charge by the Charily lo such preachers to be handed out to interested members of the public. In carrying out this work, the congregation GonsideTS Itself lo be living out ils 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 relalionships with others in the wider community (including former Brethren), in accordance wilh the teachings of Holy Scripture {1 Tim 2'.21. We regularly go out from our homes to preach on the streets, lo distribute Christian literature and engage with the wider community {including former Brelhrenl in order lo present eternal salvation, available to all men by faith in Jesus Christ. {2 Tim 4-.21. We seek as members of the public lo 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 unil is fundamental and children are prized as a blessing from God. (Psalm 127'.3-51. The elderly are valued members of the community, for whom both 11)eir family and the wider community are expected to care. Holy Scripture commands us lo be good neighbours lo others, and deal with all other people (including former Brethren) openly, honestly and fairly and consislenl with these principles, we should give our time, talents and money lo assist those in need in the wider community, in so far as reasonable given our abilities and our available resources. {Mall 7.'12, Malt 22.'39, Eph 4'.281. Page 2
ol head Road Gos el Hall Trust ort of the Trustees for the Year Ended 5 A ri12024 OBJECTIVES AND ACTIVITIES Public benef it The Trustees confirm that they have complied with their duly under section 4 of the Charities Act 2011 to have due regard to the Charity Coinmission's general guidance to charities on public benefit. ACHIEVEMENT AND PERFORMANCE One of Ihe Trust's principal activities that further its objectives is providing a facility for the coordination of 'oulreach' work into the wider communily, This report includes some of the activities that we have been engaged in during 2023-24 Gospel tracts and literature available from the Gospel Hall The Trust maintains a stock and display of gospel tracts, literature and Bibles in the foyer of our main Gospel Hall and this fact is advertised on the sign board at the street entrance. other Activities The Trust's main achievemeiit this year has been the maintenance of Gospel Halls for public worship. The trust purchased some land for the building of a new Gospel hall during the year. In addition lo street preaching, members of the congregation have worked with the Rapid Relief Team charity as detailed below.. The Rapid Relief Team is a separate charity that has a local team in Shrewsbury made up from our congregation members. To widen the scope of activity the team cooperate with the neighbouring team in Newlown, Powys. Our main hall is used to store some essential provisions and equipment that would be required if RRT are requested lo support the emergency services working at an incident nearby. RRT members have also been busy during the year taking supporting the following events by seTving meals.. Royal British Legion Military Engagement Day Headway Shropsl)ire- Headway Winter Event Shropshire Youth Association - All About Youth Leaving Event Shropshire Council - Armed Forces Day - Hope House- Staff Support Event Hope House- Classics at the College Event Macmillan Cancer- World Coracle Championship Shrewsbury & Telford Hospitals NHS - Dementia Information Day Food packs RRT have dlslribuled approximately 93 family food boxes to schools, hospitals and care homes. 152 Care Kits were also given out. Further plans for 2024-25 We are planning to continue the various inilialives in the new period in the new period and engage with our local parish council to identify potential areas that we can support in. We will look for opportunities to support additional other local charities that need support from our wiling leam of volunteers. We will be opèn to new suggestions from members of the congregation which we will review and put ft)rward for approval al one of the regular trustee meetings. Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity lo continue as a going concern. Page 3
Hol head Road Gos el Hall Trust ott of Ilie Truslees for the Year Ended 5 A ril 2024 FINANCIAL REVIEW Principal funding sources Funding is sought Ihrough gifls from the congregalion and Gift Aid is claimed on eligible donations. Funding is sornelimes received from other charitable trusts with complementary objectives. Reserves policy The Trustees have considered the level of reserves they wish lo relain, appropriate to the charity's needs, based on ils size and the level ol its finaiiGial commilmenls. The Trust has no employees and its regular oulgoings are minimal. Accordingly, the Trustees have decided lo adopt a policy of maintaining no significant reseNes. The congregation is kept regularly informed as lo particular needs for funds, and other relevant matters and the Trustees aim to ensure Ihal Ihe Charity will be able lo continue lo fulfil ils charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal to the congregalion. Free reserves at the year end were £Nil12023.'£Nill. Financial position In the year ended 5 April 2024, the Trust had a surplus of incoming reSoUrS over resources expended amounting lo £51,044 [2023.. Deficit (£62,408)l. Grants amounting to £35,000 were received from other Iiusls which contributed to the surplus. The Trust purchased some land in order to build another gospel hall during the year. This used up a lot of the funds bul there is slill sufficient cash available lo meet ongoing running costs. Total voluntary income received this year was £99,950 compared lo £31,200 in the previous year. All funds held were unrestricted funds. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is an unincorporated trust constituted by a Deed of Trusl dated 18 June 1982, most recently amended by Deed of Variation dated 12 August 2014. The Trust was registered with the Charity Commission lor England and Wales on 1 December 2014 under Charity Registration Number 1159423. Recruitment and appointment of new trustees The names of the Trustees who served during the year and since the yeai end are set out on page 1. None of the Trustees, nor any person connected with them, reGeived any remuneration or expenses from the Charity in the year ended 5 April 2024 (2023.. £nill. 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 congregallon. They are selected according lo their skills and experience and are expected lo use both in furthering the objects of the Charity. Cheoks are made to ensure the Trustees, eligibility lo 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 link5 Wlth simllar charities with a view to pooling experience considered useful in pursuing the objects of the Charily. The Irust also maintains particular links with the Severn Gospel Hall Trust, with which il shares members of ils congregation. Risk management The Trustees have identified and reviewed the major risks to which the Charily is exposed and confirm that they have established systems or procedures lo manage and mitigate those risks. Page 4
Hol head Road Gos el Hall Trust Re ort of Ihe Trustees lor the Year Ended 5 A ril 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees are responsible for preparing the Trustees, Annual Report and the financial slalemeiils in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charily and of the inooming resources and application of resources of Ihe charily for that period. In preparing these financial slalements, the trustees are required lo.. select suitable accounting policies and then apply them consistently., obsetve the methods and principles in the Charities SORP (FRS 102)., make judgements and eslimales Ihal are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalements., prepare the linanoial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the fir)ancial slalemenls comply with the Charities Act 2011, the Charities (Aocounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking Teasonable steps for the prevention and detection of fraud and other irregularities. All transactions have been reviewed and approved by two trustees. Approved by order oflhe board of trustees on 03.10212.1..... and signed on its behalf by.. SPla Page 5
Inde endenl Exarniner's Re ort lo the Trustees of Hol head Road Gos el Hall Trust I report to the trustees on my examination of the accounts of the Holyhead Road Gospel Hall Trust for the year ended 05 April 2024. 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'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2D11 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 Df 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 01 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.. %. 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 reGoids,' 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 olher Ihan any requirement that the acGounts give a 'true and fair view, which is not a mattel 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. Pbj (v Peter Allen Pace Accountants Noble House Eaton Road Hemel Hempstead Hertfordshire HP2 7UB l ?,Zo? Page 6
HDI head Road Gos el Hall Trust Slalemenl of Financial Aclivllles for the Year Ended 5 April 2_024 5.4.23 Total funds UnresliiGled fund Reslricled fund Total funds Notes INCOME AND ENDOWlVtENTS FROM Donations and legacies 99,950 99,950 31,200 Investment income Other income 4.593 4,593 960 643 Total 104,543 104,543 32,803 EXPENDITURE ON Charitable activities Running Meeting Rooms Depreciation Donated Sewices Loss on the Disposal of Fixed Assets 26,012 15,149 12,338 26,012 15,149 12,338 28,438 13,741 10,091 42,941 Total 53,499 53,499 95,211 NET INCOMEI(EXPENDITUREI 51,044 51,044 {62,408) RECONCILIATION OF FUNDS Total funds brought forward 1,188,612 1,188,612 1,251,020 TOTAL FUNDS CARRIED FORWARD 1,239,656 1,239,656 1,188,612 The notes form patt ol these financial slalemenls Page 7
Hol head Road Gospel Hall Trust Balance Sheel 5 A ril 2024 5.4.24 Tolal funds 5.4.23 Total funds Unreslricled fund Reslricled fund Notes FIXED ASSETS Taiigible assets 1,253,938 1,253,938 878,447 CURRENT ASSETS Debtors Cash at bank 1,564 36,885 1,252 311,450 36,885 38,449 38,449 312,702 CREDITORS Amounts falling due within one year 10 (52,731) {52,7311 (2,5371 NET CURRENT ASSETS 114,282} 114,2821 310,165 TOTAL ASSETS LESS CURRENT LIABILITIES 1,239,656 1,239,656 1,188,612 NET ASSETS 1,239,656 1,239,656 1,188,612 FUNDS Unrestrlcled funds 12 1,239,656 1,188,612 TOTAL FUNDS 1,239,656 1,188,612 The financlal slalemenls were approved by the Board of Trustees and aulhorised for issue on Oi/n2/2S and were signed on ils behalf by.. 8rtt-_ Trustee R Blackledge- Trustee The notes form part of these financlal slalements Page 8
Hol head Road Gos el Hall Trust Notes lo the Financial Slalemenls for the Year Ended 5 A ril 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities.- Second edition of the Slalement of Recommended PraGlice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019, the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland IFRS 1021. and UK Generally Accepted Practice. The fLJnctional 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 al historical cost or transaction value unless otherwise slated in the relevant accounting policy nole(s). Income Donations are recognised in Ihe year in which there is enlillemenl and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has lo fulfil conditions before becoming entilled lo il or where the donor has specified that the income is lo be expended in a future year. Gift aid is added to the value of the donation lo which it relates. Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their seFvioes and support pro bono. The value of these donated seNices to Holyhead Road 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 Irusls. Investment income is accounted for on a receivable basis. Expenditure Expenditure is included on an accruals basis. Liabilities are recognised as soon as there Is a legal or constructive obligation commilling the charity to pay out resources. Ch8ritable activities comprise those costs directly altribulable to the fulfilmenl of the charitable objects. 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 lo statutory requiremenls. Governance and support costs are allocated lo charitable activities on the basis of capacity used. Tangible fixed assets Tangible fixed assets (costin9 more than £200) are staled at cost less depreciation. Freehold land is not depreciated. Depreciation is provided al rates calculated to write off the cost, Sess estimated residual value, of each asset over ils expected useful life as follows.. Freehold Property 20/0 slraighl line Plant and Equipment 5 /u Straight line Taxatlon The Trust is a iegistered charity and is not liable lo United Kingdom income or corporation tax on charitable aGlivilies, provided income falls within the charitable exemptions and is spent on charitable purposes. Funds The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust's charilable objecls. Reslricled lunds arise from donations lo the trust, which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given. Page 9 continued...
Holyhea_d_ R_oad Gos el Hall Trusl Notes lo the Financial Slalemenls - ¢onlinued for Ihe Year Ended 5 A Til 2024 ACCOUNTING POLICIES - continued Preparation of consolidated financial statements The Charity does not have a trading subsidiary arid there is no requirement lo prepare consolidated accounts Going concern The Ti'ustees consider Ihal there are no material uncertainties about the ch8rily's ability lo continue as a going concern. Significant estimates and jiidgements The trustees do not consider that there are any sources of estimation uncertainty at the reporting dale Ihal have a significant risk of causing a material adjuslmenl to the cairying amounts of assels and liabilities within the next reporting period. INVESTMENT INCOME 5.4.24 Total funds 5.4.23 Tolal funds Unreslricled funds Reslricled funds Deposit account interest 4,593 4,593 960 OTHER INCOME 5.4.24 Total lunds 5.4.23 Total funds UnTeslricled flinds Reslricled funds Other income 643 5.4.24 5.4.23 Rents Received 643 Total 643 CHARITABLE ACTIVITIES COSTS Direct Costs Suppori costs Totals Running Meeting Rooms Depreciation Donated Setvices 21,714 14,949 12,338 4,298 200 26,012 15,149 12,338 49,001 4,498 53,499 Donated Services During the year, seNices amounting to the value of £12,338 12023 £10,091] were donated to the Severn Gospel Hall Trust. Page 10 continued.
Hol liead Road Gos el Hall Trust Notes lo the Financial Slalemenls - continued for the Year Ended Jf A ril 2024 TRUSTEES, REMUNERATION AND BENEFITS No Trustees received any remuneration or other benefits from an employment with the charity. Trustees, expenses During the year a trustee Mr. Scotl Plant was reimbursed for expenses amounting lo £188 12023.. £779} During the year a trustee Mr. Laurie Devenish was reimbursed for expenses amounting lo £257 (2023.. WAGES AND SALARIES There are no employees (2023.. none). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Utlreslricled fund Reslricled fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 31,200 31,200 Investment income Other income 960 643 960 643 Total 32,803 32,803 EXPENDITURE ON Charitable activities Running Meeting Rooms Depreoialion Donated Se(vices Loss on the Disposal of Fixed Assets 28,438 13,741 10,091 42,941 28,438 13,741 10,091 42,941 Total 95,211 95,211 NET INCOMEIIEXPENDITURE) {62,408) 162,408) RECONCILIATION OF FUNDS Tolal funds brought forward 1,251,020 1,251,020 TOTAL FUNDS CARRIED FORWARD 1,188,612 1.188,612 Page 11 continued...
Hol l)ead Road Gos el Hall Trust Notes lo the Financial Slalemenls - continued for Ihe Year Ended Jf April 2024 TANGIBLE FIXED ASSETS Freehold property Plant and Equipment Totals COST At 6 April 2023 Additions 1,128,754 389,210 6,876 1,135,630 389,210 At 5 April 2024 1,517,984 6,876 1,524,840 DEPRECIATION At 6 April 2023 Charge for year 253,032 13,375 4,151 344 257,183 13,719 At 5 April 2024 266,407 4,495 270,902 NET BOOK VALUE At 5 April 2024 1,251,557 2,381 1,253,938 At 5 April 2023 875,722 2,725 878,447 Freehold property comprises.. Biclon (Tille Nos SL139330, SL216765 & SL1769341 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Prepayments 1,564 1,252 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other creditors 52,731 2,537 11. LOANS An analysis of the maturity of loans is given below.. 5.4.24 5.4.23 Amounts falling due within one year on demand-. Other loans 50,000 Page 12 continued...
Hol head Road Gos el Hall Trust Notes lo the Financial Sla emenls- continued for the Year Ended 5 A ril 202 12. MOVEMENT IN FUNDS Nel movement In funds Al 5.4.24 Al 6.4.23 Unrestricted fuiids General fund 1,188,612 51,044 1,239,656 TOTAL FUNDS 1,188,612 51,044 1,239,656 Nel movement in funds, included in the above are as follows.. Incoming resources ResouTces expended MovemEnl in funds Unrestricted fiinds General fund 104,543 {53,499} 51,044 TOTAL FUNDS 104,543 (53,499) 51,044 Comparatives for movement In funds Nel movement in funds Al 5.4.23 Al 6.4.22 Unrestricted funds Genèral fund 1,251,020 (62,4081 1,188,612 TOTAL FUNDS 1,251,020 162,408) 1,188,612 Comparative net Inovemenl in funds, included in the above are as follows.. Incoming resources Resources expended Movem9nl in funds Unrestricted funds General fund 32,803 195,211} 162,408) TOTAL FUNDS 32,803 (95,211) {62,408) Page 13 conlinued..,
Hol head Road Gospel Hall Trust Notes lo the Financi81 Slalemenls- continued for the Year Ended 5 April 2024 12. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months combined position is as follows: Nel movement in fui)ds Al 5.4.24 Al 6.4.22 Unrestrlcted funds General fund 1,251.020 (11,364) 1,239.656 TOTAL FUNDS 1,251,020 {11,3641 1,239,656 A currenl year 12 months and prior year 12 months combined nel movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 137,346 1148,7101 111,3641 TOTAL FUNDS 137,346 1148,710) 111,364} 13. RELATED PARTY DISCLOSURES During the year a Trustee Mr Rob Blackledge made a loan lo the Trust amounting to £25,000 12023: Nill tOW8rds the purchase of land to build a new gospel hall. The loan was repaid after the year end. During the year a Trustee Mr Scolt Plant made a donation to the Trust amounlirig 10 £50012023.. Nill 14. VOLUNTEERS Holyhead Road 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 14