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← Glanwern Gospel Hall Trust

2024-04-05-accounts

Charity Registration No: 1159426

Glanwern Gospel Hall Trust

Report of the trustees and unaudited financial statements Year ended 5 April 2024

Glanwern Gospel Hall Trust

Contents

Pages
Reference and administrative details 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 - 16

1

Glanwern Gospel Hall Trust

Reference and administrative details For the year ended 5 April 2024

Charity name Glanwern Gospel Hall Trust
Registered charity number 1159426
Trustees Gavin Michael Sims (Chairman)
Stephen Edward Hill
Simon Andrew Rusling
Andrew Abernethie
Darren Brown
Treasurer Darren Brown
Principal address Phoenix Way
Penllergaer
Swansea
SA4 9WN
Independent examiner Daniela Faruoli MAAT
C&H Stedman
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB
Accountant C&H Stedman
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB
Bankers Lloyds Bank plc
25 Gresham Street
London
EC2V 7HN
Solicitors Wace Morgan
31 Market Street
Newtown
Powys
SY16 2PG

2

Report of the Trustees For the year ended 5 April 2024

Glanwern Gospel Hall Trust

The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 10-11 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 26 July 1965, most recently amended by Deed of Variation dated 12 August 2014. The Trust was registered with the Charity Commission for England and Wales on 1 December 2014 under Charity Registration Number: 1159426.

Recruitment and appointment of new trustees

The names of the Trustees who 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 5 April 2024 (2022: £nil).

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 similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The Charity also maintains particular links with Kingsbridge Gospel Hall Trust, with which it shares members of its congregation. Costs of services donated are shown in note 5 on page 12.

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 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.

3

Report of the Trustees For the year ended 5 April 2024

Glanwern Gospel Hall Trust

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 to the Trust Deed.

The Trust’s main achievements this year are the following:

The trustees have also operated an Emergency Needs fund for the duration of the coronavirus 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 .

Plans for Future Periods

Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern. In 2024 to 2025, the Trust will be continuing to provide gospel tracts for distribution at street preachings in the local city centre. It will also be continuing monthly donations to local food banks.

Meetings

Meetings held at 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 meeting, between 40 and 500 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 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 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.

Daily street preachings on weekdays, totalling 488 preachings, and distribution of 3,664 qty Gospel Tracts. Members of the congregation have provided food packs for local schools for children in need of these, and also to a local charity that provides meals to the homeless in society. Members of the congregation also volunteered to support the Rapid Relief Team (a separate charity with charity number 1161586) in providing meals to the Fire service in September 2023, serving in excess of 500 meals.

4

Glanwern Gospel Hall Trust

Report of the Trustees For the year ended 5 April 2024

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:

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 5 April 2024, the Trust had a modest surplus of incoming resources over resources expended. Total voluntary income received this year was £154,146 compared to £298,492 in the previous year.

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, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reserves. The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and 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 to the congregation.

Free reserves at the year end were £28,409 (2023: £140,518).

5

Glanwern Gospel Hall Trust

Report of the Trustees For the year ended 5 April 2024

Statement of Trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report 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 & Wales requires 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 of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts 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 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:

Darren Brown

Darren Brown (Dec 23, 2024 23:23 GMT)

Simon Andrew Rusling (Dec 27, 2024 13:21 GMT)

Simon Rusling & Darren Brown Trustees 23/12/24 Date: ...........................................

6

Glanwern Gospel Hall Trust

Independent examiner’s report to the trustees For the year ended 5 April 2024

I report to the trustees on my examination of the accounts of the Glanwern 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’).

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 fair 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.

………………………………………… (Signed, Date) Daniela Faruoli (Dec 24, 2024 12:31 GMT)

Daniela Faruoli MAAT

24/12/24

7

Glanwern Gospel Hall Trust

Statement of financial activities For the year ended 5 April 2024

Unrestricted Designated Restricted Total Funds Total Funds
Funds Funds Funds 2024 2023
Notes £ £ £ £ £
Income and endowments from:
Donations and legacies:
Collections 5,445 - - 5,445 5,840
Contributions from the
congregation 37,500 9,750 - 47,250 33,970
Gift Aid donations 81,188 - - 81,188 45,750
Income tax refunds 20,263 - - 20,263 11,420
Donated services 5 - - - - -
Payroll giving - - - - -
Legacies -
Grants 4 - - - - 201,513
Investments
Bank interest 327 - - 327 327
Other
Profit on sale of assets 1 - - 1 -
Compensation Received 8,000 - - 8,000 -
Total 152,724 9,750 - 162,474 298,819
Expenditure on:
Charitable activities
Running meeting rooms 6 60,326 - - 60,326 44,616
Congregation Support 6 - 6,450 - 6,450 7,350
Cost of donated services 5 7,263 - - 7,263 6,732
Total 67,589 6,450 - 74,039 58,698
Net income/(expenditure) 85,135 3,300 - 88,435 240,121
Gains/(losses) on revaluation of
fixed assets - - - - -
Net movement in funds 85,135 3,300 - 88,435 240,121
Reconciliation of funds
Total funds brought forward 722,393 (1,800) - 720,593 480,472
Total funds carried forward 807,528 1,500 - 809,028 720,593

The notes on pages 10 to 16 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.

8

Glanwern Gospel Hall Trust

Balance Sheet As at 5 April 2024

Notes
Fixed assets
Tangible fixed assets
7
Current assets
Debtors:
Prepayments and accrued income
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year:
Other creditors
Accruals and deferred income
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year:
Loan
Net assets
Funds
Unrestricted income fund
Restricted funds
Total funds
7		 2024
£

821,119
8,797
21,287
30,084
-
1,675
28,409
849,528
40,500
809,028
809,028
-
809,028		 2023
£
738,575
11,250
130,673
141,923
-
1,405
140,518
879,093
158,500
720,593
720,593
-
720,593

The unaudited financial statements were approved and authorised for issue by the Trustee of Glanwern Gospel Hall Trust on 2024 and signed on their behalf by 23/12/24

Darren Brown

Darren Brown (Dec 23, 2024 23:23 GMT) Simon Andrew Rusling (Dec 27, 2024 13:21 GMT)

Simon Rusling & Darren Brown Trustees

The notes on pages 10 to 16 form part of these financial statements

9

Glanwern Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2024

1. Accounting policies

1.1 Basis of preparation financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Second edition of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and UK Generally Accepted 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 Glanwern 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.

10

Glanwern Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2024

Tangible fixed assets (costing more than £1,000) 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 land Not depreciated Freehold buildings 2% straight line Temporary buildings 20% straight line Fixtures and Fittings 25% straight line

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.

The Trust currently has no Restricted Funds.

1.8 Preparation of consolidated financial statements

The Charity does not have a trading subsidiary throughout the period and there is no requirement to prepare consolidated accounts

1.9 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

1.10 Significant estimates and judgements

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.

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 (2023: None).

3. Wages and salaries

There are no employees (2023: none).

11

Glanwern Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2024

4. Grants Received

Grants were received in the year ended 5[th] April 2023 from Kingsbridge Gospel Trust (£151,513) and Central G H Trust (£50,000) to help towards the purchase and renovation costs of the property purchased at Unit 15 Gorslas Industrial Estate, Gorslas, SA14 7NN.

5. Donated services

Donated to:
Kingsbridge Gospel Hall Trust		 2024
£
7,263
7,263		 2023
£
6,732
6,732

6. Resources expended

Direct costs
-
Repairs and Maintenance
-
Insurance
-
Rates
-
Light and heat
-
Rent
-
Telephone
-
Depreciation
-
Legal and professional
costs
-
Others
Support costs
Governance		 Meeting
rooms
Other
charitable
activities
2024
£
£
£
9,659
3,121
-
16,065
-
2,263
16,548
1,385
10,397
-
-
-
-
-
-
-
-
-
9,659
3,121
-
16,065
-
2,263
16,548
1,385
10,397
6,450
-
6,450
888
-
888		 Meeting
Rooms
Other
charitable
activities
2023
£
£
£
11,161
2,293
-
4,358
-
1,386
15,124
1,521
7,885
-
-
-
-
-
-
-
-
-
11,161
2,293
-
4,358
-
1,386
15,124
1,521
7,885
7,350
-
7,350
888
-
888
66,776
-
66,776		 51,966
-
51,966

Governance costs include £888 (2023: £888) in respect of independent examiner’s fees.

12

Glanwern Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2024

7. Tangible fixed assets

Freehold
Property and
Refurbishment
£
Cost
Brought forward at
6 April 2023
1,030,164
Additions
100,891
Disposals
-
At 5 April 2024
1,131,055
Depreciation
Brought forward at
6 April 2023
294,304
Charge for the year
16,243
Impairment
-
Disposals
-
At 5 April 2024
310,547
Net book value
At 5 April 2024
820,508
At 5 April 2023
735,860		 Temporary
buildings
buildings
£
-
-
-
-
-
-
-
-
-
-
-		 Furniture,
fixtures &
fittings
£
8745
-
(2,398)
6,347
6,030
305
-
(599)
5,736
611
2,715		 Total
£
1,038,909
100,891
(2,398)
1,137,402
300,334
16,548
-
(599)
316,283
821,119
738,575

Property Details:

The Freehold Land and Buildings are at Phoenix Way, Penllergaer, Swansea SA4 9WN. Land registry titles of the above property held is WA948234.

Additional Freehold Land and Buildings are at Unit 15 Gorslas Industrial Estate, Gorslas, SA14 7NN with a title number WA520238.

13

Glanwern Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2024

8. Analysis of net assets between funds 8.1 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
£
821,119
30,084
(1,675)
(40,500)
809,028
Unrestricted
funds
£
738,575
141,923
(1,405)
(158,500)
720,593		 Restricted
Funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-		 Total Funds
£
821,119
30,084
(1,675)
(40,500)
809,028
Total Funds
£
738,575
141,923
(1,405)
(158,500)
720,593

9. Movement in funds

Restricted funds
Designated Funds
Unrestricted funds
Total funds		 Balance at
6 April
2023
Incoming
resources
Resources
expended
Realised/
unrealised
gains and
losses
Balance at 5
April 2024
£
£
£
£
£
-
-
-
-
-
(1,800)
9,750
6,450
-
1,500
722,393
152,724
67,589
-
807,528
720,593
162,474
74,039
-
809,028

14

Glanwern Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2024

9.2 Prior year

Prior year
Restricted funds
Designated Funds
Unrestricted funds
Total funds		 Balance at
6 April
2022
Incoming
resources
Resources
expended
Realised/
unrealised
gains and
losses
Balance at 5
April 2023
£
£
£
£
£
-
-
-
-
-
(3,020)
8,570
7,350
-
(1,800)
483,492
290,249
51,348
-
722,393
480,472
298,819
58,698
-
720,593

10. Transactions with related parties

Donations received from related parties without conditions from trustees and all their related parties during the year amounted to £43,305 (2023: £11,405).

11. Volunteers

Glanwern 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.

15

Glanwern Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2024

12. Comparative Statement of Financial Activities

Unrestricted Designated Restricted Total Funds
Funds Funds Funds 2023
Notes £ £ £ £
Income and endowments from:
Donations and legacies:
Collections 5,840 - - 5,840
Contributions from the
congregation 25,400 8,570 - 33,970
Gift Aid donations 45,750 - - 45,750
Income tax refunds 11,420 - - 11,420
Donated services 5 - - - -
Payroll giving - - - -
Legacies
Grants 4 201,513 - - 201,513
Investments
Bank interest 327 - - 327
Other
Profit on sale of assets - - - -
Total 290,249 8,570 - 298,819
Expenditure on:
Charitable activities
Running meeting rooms 6 44,616 - - 44,616
Congregation Support 6 - 7,350 - 7,350
Cost of donated services 5 6,732 - - 6,732
Total 51,348 7,350 - 58,698
Net income/(expenditure) 238,901 1,220 - 240,121
Gains/(losses) on revaluation of
fixed assets - - - -
Net movement in funds 238,901 1,220 - 240,121
Reconciliation of funds
Total funds brought forward 483,492 (3,020) - 480,472
Total funds carried forward 722,393 (1,800) - 720,593

16

Final Audit Report 2024-12-27

Glanwern Gospel Hall Trust - 5th April 2024

Created: 2024-12-19 By: Tom Stedman (tom@candhstedman.com) Status: Signed Transaction ID: CBJCHBCAABAA5M4IXb9xW0qJ6nTwCX9RIPLy9r3qLJMw

"Glanwern Gospel Hall Trust - 5th April 2024" History

2024-12-19 - 11:45:45 AM GMT

Document emailed to darrenpbrown@btinternet.com for signature

2024-12-19 - 11:45:52 AM GMT

2024-12-19 - 11:45:52 AM GMT

Agreement completed.

2024-12-27 - 1:21:30 PM GMT